In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a downward trend, and don’t forget this week’s Nifty News, featuring…
Worldcoin, an ambitious but also controversial cryptocurrency project, has been making headlines since its launch last month. The project collects people’s biometric data by scanning their eyeballs via a metallic orb. Its goal is to create a proof-of-personhood system that allows it to distinguish robots from humans in the budding era of AI. But the project has raised numerous concerns…
Bitdeer, a crypto mining firm spun off from mining manufacturer Bitmain, has entered into an agreement with the special purpose acquisition company (SPAC) B. Riley Financial to sell up to $150 million of its Class A ordinary shares. According to an Aug. 9 filing with the United States Securities and Exchange Commission (SEC), B. Riley will have the right, but…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Metaverse game worlds can feel a little quiet at times, but Decentraland has a solution to pump more life into its Ethereum-based world: the developers have partnered with artificial intelligence startup Inworld to bring in AI-powered non-player characters (NPCs). In other words, Decentraland is using AI smarts to power…
PayPal’s launch of a U.S. dollar-pegged stablecoin has prompted questions from Democratic members of the House Financial Services Committee, while Republican leadership said the coin showed the potential of regulatory clarity. In an Aug. 9 statement, committee ranking member Maxine Waters said she was “deeply concerned” about the PayPal USD (PYUSD) without a regulatory framework in place to ensure oversight…
Jonelle Still, the director of investigations and intelligence at CipherTrace, a Master Card company, recently submitted a report supporting the defense in the United States v. Roman Sterlingov, a criminal case involving the Bitcoin Fog cryptocurrency mixing service. The company’s involvement in the case comes at the behest of Sterlingov’s defense attorneys, and includes a 41-page report detailing Still’s opinion…
Democratic Congresswoman Maxine Waters (D-CA) took issue with PayPal’s foray into the dollar-pegged stablecoin space on Wednesday, arguing the firm should’ve waited for a regulatory green light at the federal level. “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation,” she said in a written statement. “Given…
A July report from cybersecurity certification platform CER found that only six of 45, or 13.3%, of cryptocurrency wallet brands have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products. The three brands that have done up-to-date penetration tests are MetaMask, ZenGo, and Trust Wallet, according to the…
The United States Patent and Trademark Office (USPTO) has accepted CBS Studios’ application for the Star Trek name to be used in nonfungible tokens and crypto collectibles connected to its Continuum series. According to USPTO records, the government office registered the character mark for the Star Trek line on Aug. 8, having received an application from CBS in April. The…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Amazon is rumored to be developing its own NFT marketplace, but you don’t have to wait for it—the retail giant is already playing in the NFT space via its Prime Gaming portal, and best of all, the NFTs are totally free for subscribers to claim. If you pay for…
