Echoing the momentum of GameFi (gaming and finance) and the great success of Axie Infinity, Gala Games was launched in 2019 to pursue technology development and innovation in play-to-earn (P2E) blockchain gaming. The global market size of blockchain gaming exceeded $4.6 billion in 2022 and is expected to reach around $65.7 billion by 2027, establishing itself as one of the…
The New York State Department of Financial Services, or NYDFS, has called on the public to provide feedback to a proposal aiming to strengthen regulatory requirements for crypto firms operating in the state. In a Sept. 18 notice, the NYDFS said Superintendent Adrienne Harris had released proposals on guidance for “enhanced criteria for coin-listing and delisting procedures” in addition to…
One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool” joining to make a quick buck. While some people do indeed purchase digital assets purely for speculative purposes, it’s unfair to ignore many of the great services and achievements that…
In early September 2023 U.S. Securities and Exchange Commission Chair Gary Gensler said that deepfakes pose a “real risk” to markets. Deepfakes, fake videos or images generated by artificial intelligence (AI) but appearing at first glance to be authentic, can be made to represent high-profile investors and even regulators like Gensler, seeming to show these influential figures saying things that…
Cryptocurrencies like Bitcoin (BTC) have been widely described as going through a bear market in 2023, but this may not exactly be the case, according to indicators like website traffic of certain crypto platforms. Some major cryptocurrency websites like Binance and Coinbase have seen a significant traffic drop in 2023, but there are many crypto sites that have experienced the…
While TradFi is the main source of demand for blockchain tech, digital identity and supply chain are exciting areas too, according to Google Cloud Head of Web3 … Source: https://cointelegraph.com/app/public/index.php/news/web3-solving-business-problems-not-token-prices-google-cloud-interview
Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in crypto-assets (MICA) regulations set to take effect in December 2024. The public consultation period is open until Sept. 29. The revised rulebook proposes changes to the rules for exchanges, custodians and portfolio managers in order to align…
During the 2021 bull market, many large mining companies took on massive loans to buy equipment and the proper infrastructure required to mine cryptocurrency. Yet the collapse of crypto exchange FTX and Celsius left many of these companies filing for bankruptcy. The current bear market, coupled with high Bitcoin network hash rates and low profits, has yet again left the…
Social media influencer Joseph Lam Chok was arrested in Hong Kong on Monday, following the suspension of trading on crypto exchange JPEX. Lam, a trained lawyer turned insurance broker who has hundreds of thousands of followers on Instagram, was among six individuals detained by Hong Kong police in connection with the exchange, according to South China Morning Post. Lam’s arrest…
Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.” Source: https://cointelegraph.com/app/public/index.php/news/crypto-bill-us-nine-senators-back-elisabeth-warren
