Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 Twitter post, Scott Johnsson, a general partner of Van Buren Capital explained that law clerks in the United States District Courts…
Gaming-centric Ethereum scaling network Immutable zkEVM has launched its testnet, crypto tech firm Immutable announced Monday, letting dozens of blockchain game studios start experimenting with the scaling solution ahead of the eventual mainnet rollout. In simple terms, zkEVM networks can increase the number of processed transactions and provide additional privacy and security features compared to the main Ethereum network. The…
Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs. Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own ‘holy grail’ Ethereum-scaling zkEVM hit mainnet on March 27. In an Aug. 14 announcement, Immutable said its zkEVM will give game developers…
Starting today via a limited test, Netflix is now streaming video games directly to devices, eliminating the need to download entire games or own a powerful console or computer that’s capable of running the games natively. Netflix is testing out two of its streaming video games for select users in Canada and the United Kingdom, supporting select TV models as…
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers. Source: https://cointelegraph.com/public/index.php/explained/what-is-paypal-usd-and-how-does-it-work
Sam Bankman-Fried pinched customer funds to make over $100 million in political campaign contributions to both Democrats and Republicans aahead of the 2022 U.S. midterm elections, the Department of Justice alleged today. In a new indictment filed Monday, the DOJ said Bankman-Fried, 31, who was jailed on Friday, had “misappropriated and embezzled FTX customer deposits,” which he used for a…
Digital assets pose a unique risk to the financial stability of the United States, according to a report released Monday by the Federal Deposit Insurance Corporation (FDIC). The organization dedicated a whole section to crypto in its annually-published report titled Risk Review. However, the two-page section is comparatively just a footnote compared to 90 other pages that parse topics ranging…
Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium called Fahrenheit buy Celsius’ assets and launch a new company. That company would distribute Celsius assets and equity in the new company to its customers. Judge Martin Glenn of the Southern District of New York…
In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls, I often wonder: Could the modern marvel of crypto tokenization be the change my grandfather and countless cocoa farmers need? Despite their vast agricultural and mineral wealth, many…
Citing the organization’s extensive experience in having completed “hundreds of early stage investments,” Brandon Gath, managing partner for Kraken Ventures told Cointelegraph, in an email, that the new fund would focus on early stage founders, but would offer support throughout the venture: “Kraken Ventures’ (KV) next fund will double down on our existing thesis and continue to support founders through…
