The nascent blockchain gaming industry is still seeing substantial venture capital investment despite continued challenges in the broader crypto and gaming markets. Blockchain games received approximately $600 million in Q3 2023, according to a report released by crypto data firm DappRadar. That mark is down 38% from the $973 million worth of crypto gaming investment that DappRadar tracked in Q2…
According to former Alameda Research CEO Caroline Ellison, a single tweet from Binance CEO Changpeng Zhao (CZ) contributed to the failure of cryptocurrency exchange FTX. Testifying in Sam “SBF” Bankman-Fried’s criminal trial on Oct. 12, Ellison reportedly placed part of the blame for the collapse of FTX on CZ’s social media activity. In the now famous tweet on X (formerly…
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong. Source: https://cointelegraph.com/app/public/index.php/news/trader-swaps-131k-stablecoins-0-during-usdr-depeg
Decentralized crypto exchange Uniswap launched a closed beta Android version of its mobile app on October 12, according to a blog post from the app’s development team. Uniswap has previously only been available on PC and iOS mobile devices. “WEN ANDROID?” How about now? The Uniswap wallet is coming to Android users The beta is LIVE — sign up here…
Social media app Stars Arena has recovered approximately 90% of the funds it lost after being exploited, according to an October 11 announcement from the team on X (formerly Twitter). The recovery occurred after four days of on-chain negotiations, blockchain data shows. The attacker was allowed to keep slightly more than 10% of the funds as a “white hat” bounty.…
With presidential election fast approaching in Argentina, a scandal has emerged that could impact frontrunner Patricia Bullrich’s campaign. Leaked audio recordings allegedly reveal inappropriate comments and behavior by Carlos Melconian, Bullrich’s pick for economy minister. The leaks come just weeks before the Argentina PASO primaries on August 13th. The PASO, or “Primarias Abiertas Simultáneas y Obligatorias,” is Argentina’s system of…
BRICK, the crypto reward token given out in Reddit’s subreddit community around the popular video game Fortnite, saw a significant surge in value Wednesday, rising 131% in price over the course of the day. Per data from CoinGecko, BRICK went from an early-day low of just under $0.075 to a peak of about $0.173 by the end of the day…
Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price from its current range? Looking at the bigger picture, Bitcoin is holding up admirably, especially when compared to gold,…
Stephen Ehrlich—former CEO of defunct crypto lender Voyager Digital—was slapped with a lawsuit by the Commodities and Futures Trading Commission (CFTC) on Thursday for misleading the platform’s customers about the safety of their assets. The complaint accuses the founder of both fraud and registration failures related to its operation of an “unregistered commodity pool”—a classification the CFTC believes applies to…
China opened an industrial park dedicated to developing the digital yuan ecosystem on Oct. 11, according to Chinese press reports. This is the first such park dedicated to the central bank digital currency (CBDC), which is also referred to as the e-CNY. The industrial park is located in the Luohu district of Shenzhen adjacent to Hong Kong. It is opening…
