Inflation has hit consumers far and wide, boosting the prices of a vast array of everyday expenses. And Fortnite fans are about to feel the added pinch in their wallet, too. Epic Games announced this week that it will boost the price of V-Bucks, Fortnite’s virtual in-game currency. V-Bucks are used to purchase cosmetic items like character and weapon skins,…
The federal judge overseeing Sam Bankman-Fried’s fraud case reportedly suggested the former FTX CEO might be a flight risk, given his young age and potential pr… Source: https://cointelegraph.com/public/index.php/news/judge-denies-sam-bankman-temporary-release
As they exist today, decentralized autonomous organizations (DAOs) will not scale to the masses. Sure, shining examples like PleasrDAO, Uniswap DAO, Synthetix’s group of DAOs, and Maker DAO exist, thriving in their respective niches. Still, none of these have gotten anywhere close to being household names. Why, you might ask? Related: Cybernetic organizations — BORGs — are doomed to fail…
Within 20 days of announcing the acquisition of Fortress Trust to allegedly expand its pool of licenses in the United States, financial technology firm Ripple is pulling out of the deal. Ripple’s CEO Brad Garlinghouse made the announcement on X (formerly Twitter) on Sept. 28, saying that “we’ve since made the decision not to move forward with an outright acquisition,”…
In Paris this week, Anrealage designer Kunihiko Morinaga lived up to his reputation for combining technical wizardry with craftsmanship. His Paris Fashion Week show Tuesday, in a subterranean space beneath the city’s Palais de Tokyo venue, took his signature photochromic fabric technology—materials that dramatically change color under ultraviolet light—to even more extreme levels of innovation. This season, his fabric of…
PayPal made major progress toward the creation of its own blockchain ecosystem with the filing of a patent application for a nonfungible token (NFT) purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off-chain. The patent application, which is still pending, describes a system…
AlphaSense, a B2B artificial intelligence (AI) platform specializing in business intelligence and search, announced the successful completion of a $150 million Series E funding round led by BOND and joined by Google parent company Alphabet’s investment arm, CapitalG, as well as Goldman Sachs and Viking Global. The latest round saw the company’s valuation grow from $1.7 billion, its value upon…
Cryptocurrency exchange Gemini said on Thursday that the firm pulled $282 million last August from crypto bank Genesis for the benefit of its customers, pushing back against an article in the New York Post that described the transaction in a more ominous way. The story published a day ago claimed Gemini co-founders Cameron and Tyler Winklevoss “secretly withdrew” millions of…
Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s 15 million residents can access identity documents via a digital wallet, according to an announcement on Sept. 28. The first documents to be available on-chain include birth and marriage certificates, along with proof of income and academic…
The ex-CEO and co-founder of the collapsed digital asset exchange and megabrand FTX Sam Bankman-Fried’s trial starts next week in New York’s Southern District. Bankman-Fried will face seven criminal charges relating to his company last year blowing up in what James Bromley, counsel to FTX’s new management, described as the “one of the most abrupt and difficult collapses in the…
