The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (Twitter) that its website was down at 14:44 UTC and 40 minutes later posted an update confirming that it had experienced a security breach affecting the company’s Domain Name System (DNS) record. It warned against visiting its domain until the…
Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research. According to reports from Inner City Press, Wang returned to a New York courtroom on Oct. 6 and testified that Alameda’s…
Bitcoin started the week with an uptick in investor sentiment, but there are three major factors preventing BTC price from recapturing the $30,000 level. Source: https://cointelegraph.com/app/public/index.php/news/3-reasons-why-bitcoin-struggles-to-rally-above-29k
Inside Shrapnel’s Marketplace, New Map, and ‘AI Director’ Feature Decrypt’s Kate Irwin chats with Shrapnel’s Head of Studio Don Norbury to get the latest updates on how the NFT-powered first-person sci-fi extraction shooter’s development is progressing. Source: https://decrypt.co/videos/interviews/F5RQCmvH/inside-shrapnels-marketplace-new-map-and-ai-director-feature
Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space. Web3 gaming applies key principles of blockchain technology – including decentralization, true ownership and…
Yuga Labs, the $4 billion startup behind the Bored Ape Yacht Club and other prominent NFT projects, announced Friday that it has restructured the company and eliminated certain roles as a result, leading to layoffs. In a team email that was also shared publicly, Yuga Labs CEO Daniel Alegre wrote that he believed the startup had taken on too much…
Officials at the United States Commodity Futures Trading Commission (CFTC) were reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. According to an Oct. 6 Bloomberg report, CFTC staff were considering taking action against Ehrlich following an investigation concluding the former CEO violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing. The…
Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets. BTC/USD 1-hour chart. Source: TradingView Analysis: Jobs data “not what Fed wanted to see” Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in a single hourly candle. A…
Fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March. At its meeting on…
All aboard for more AI investments. Consulting firm KPMG published a new report that highlights how chief executive officers are more excited than ever about AI–all the while acknowledging some key concerns. An impressive 72% of CEOs surveyed said that investments in generative AI is the top priority for their companies. However, that number highlights a worrying trend for human workers.…
