This story comes from GG. Your Web3 Gaming Power-Up Discover GG Video game retailer GameStop made a splashy entrance into the NFT space, launching its own marketplace with big plans to support crypto games. But as the NFT market has lost steam, GameStop has pulled back—and soon it’ll end support for its own crypto wallet. GameStop cited the “regulatory uncertainty…
On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. On the next day, the decline in CRV continued to drop toward a seven-month low…
Cybersecurity firm SlashNext sounds the alarm as exploits get much more sophisticated. Source: https://decrypt.co/150899/wormgpt-fraudgpt-ai-hackers-phishing-malware
In the latest episode of “The Market Report,” analyst and writer Marcel Pechman discusses the BALD token rug pull and the allegations pointing toward FTX founder Sam “SBF’ Bankman-Fried as the culprit. The token launched on Coinbase’s Base network, which is currently under development, and witnessed incredible gains between July 30 and 31. Pechman notes that it is impossible to…
Collapsed crypto hedge fund Three Arrows Capital’s co-founder Kyle Davies said he renounced his American citizenship and therefore does not need to answer to the U.S. courts. In Tuesday court documents, Davies said that he successfully became a permanent resident of Singapore in 2017. As Singapore doesn’t allow dual citizenships, Davies renounced his American one when he got married, the…
CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in Q2 2023, a 33% increase compared to the prior year’s quarter. According to the Aug. 1 announcement, the firm’s 25% year-over-year decline in asset management fees to 10.6 million pounds ($13.52 million) was…
Facebook parent Meta is charging full speed ahead into artificial intelligence in hopes of reviving user counts and revenue growth. With rivals like TikTok chipping away at its dominance, Meta is preparing to unleash a slew of AI-powered features across its apps. According to the Financial Times, Meta plans to introduce AI chatbots on Facebook and Instagram as early as…
Three key Bitcoin price indicators explain why BTC price continues to fall toward new lows. Source: https://cointelegraph.com/public/index.php/news/bitcoin-investor-sentiment-slumps-to-a-new-low-even-as-macro-and-equities-show-improvement
The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain. Image source: Toyota press release. Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in…
The team behind Ordinals said on Tuesday that it has created a nonprofit organization to support the development of its protocol for “inscribing” NFT-like assets to the Bitcoin blockchain—right as the total topped 21 million inscriptions to date. Launched by developer Casey Rodarmor earlier this year, Ordinals quickly established itself as a hotbed for innovation around crypto’s oldest coin. The…
