In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest cryptocurrency exchange. However, they indicated, officials are worried that it could cause a run on the market akin to the November 2022 collapse of FTX. Those concerns have not deterred the Securities and Exchange Commission…
‘MetalCore’ Game Preview: Hands-on With the ‘Titanfall’ Meets ‘Destiny’ NFT Mashup MetalCore is an upcoming mech shooter developed by Studio 369, and it’s being developed on Ethereum scaling network Immutable zkEVM. Decrypt contributor Ryan Gladwin played through the prologue and tested out the recent Alpha 3 online experience to get a sense of the NFT-infused mashup of Titanfall and Destiny.…
Amid the approaching deadline for opting out of the current $22-million settlement with Block.one (B1), the EOS Network Foundation (ENF) has called on plaintiffs to drop the lawsuit. The ENF took to X (formerly Twitter) on Aug. 8 to encourage plaintiffs to reject the $22-million settlement from Block.one, the firm that was the original seller of EOS (EOS) in a…
Pitched as a “risk-free rate,” Maple Finance is finally opening its newest lending pool to accredited U.S. investors. The pool generates a hefty 4.67% yield powered by U.S. Treasury Bills, a boring asset that’s made headlines again thanks to the Fed’s move to raise interest rates and combat inflation. The pool itself has been live for some time and today’s…
The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on Aug. 15. A statement released by the Bank of Russia indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. According to…
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers. Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in…
Blockchain security firm CUBE3.AI is rolling out its real-time AI-powered blockchain security application after raising $8.2 million in a seed round led by Blockchange Ventures. The seed round for the launch included participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures. CUBE3 plans to use the funds to further develop its products. The release includes three distinct…
Universal Music Group — one of the world’s leading music companies — and Google are in negotiations to license melodies and vocal tracks of artists to be used in songs generated by artificial intelligence (AI), according to a report from the Financial Times. The talks have been confirmed by what the FT reports are “four people familiar with the matter.”…
Crypto has been the subject of much criticism from those on the political Left, many of whom see cryptocurrencies like Bitcoin (BTC) as being associated with libertarian or right-wing ideas. One common perception is that cryptocurrencies and other blockchain-based technologies, such as nonfungible tokens (NFTs), exist for the primary purpose of concentrating wealth, scamming investors and otherwise replicating existing financial…
Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureaux De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the Central Bank-licensed Bureaux de Change (BDC). This action comes in response…
