A total of 16 new games are coming to Microsoft’s Xbox Game Pass subscription service for standard and premium buyers in December 2023, while two are being added for “Core” subscribers—and four games are leaving Game Pass this month. Here’s a look at the latest releases and departures for Xbox Game Pass this December. Chivalry 2 Chivalry 2 is the…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Yet another crypto scandal in Hong Kong Scammers posing as investment experts allegedly enticed 145 victims to tip $18.9 million into the unlicensed Hong Kong crypto exchange Hounax. According to reports earlier this week, the police said investors were allegedly promised up to 40% return per…
Digital currency company Circle pushed back strongly Friday against allegations made by a Washington watchdog group that it helps fund terrorist organizations. In a letter to Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and Sen. Elizabeth Warren (D-Mass.), Circle Chief Strategy Officer Dante Disparte disputed claims made in a 13-page letter the lawmakers received from the Campaign for Accountability, which…
Australians are increasingly looking to cryptocurrency to secure a peachy retirement, with allocation to the asset class from self-managed retirement funds increasing 400% in just four years — with the growth rate surpassing stocks and bonds. As of the quarter ending in September, the nearly 612,000 self-managed super funds (SMSFs) are holding a total of $658.6 million (992 million Australian…
Henry Kissinger is dead. Long live the Kissinger meme coins! Within minutes of the announcement yesterday of the passing of the controversial, 100-year-old former U.S. Secretary of State and history-altering Cold Warrior, a slew of meme coins whipped up in Kissinger’s… well, “honor” is probably not the right word. But they cropped up across multiple blockchain networks. Over the last…
The mystery of a large, unlabelled Bitcoin address has the cryptocurrency space buzzing with questions about who the “whale” holding over $450 million in Bitcoin might be. The “bc1qc” Bitcoin address holds a balance of 12,070 BTC, worth around $455,616,665 at current prices, according to blockchain analytics sites Arkham Intelligence and Blockchair. The address has received tens of millions of…
The United States Internal Revenue Service (IRS) is considering a proposal that would have sweeping consequences for the cryptocurrency industry. Investors should be concerned, because it could significantly impact the way that individuals — both inside and outside America — are allowed to engage with digital assets. The IRS is proposing an initiative under Section 6045 of the tax code…
USDC stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun, according to an open letter accessed from Circle’s blog on Nov. 30. A non-profit watchdog group previously accused Circle of having ties to Sun. Circle open letter to U.S. senators Elizabeth Warren and Sherrod Brown. Source: Circle. The post was published on Nov.…
Kristin Johnson of the United States Commodity Futures Trading Commission (CFTC) said there are many ways of handling cryptocurrencies in the country, but legislating through courts could provide a solid, if slow, path. Speaking at the Blockchain Association’s Policy Summit in Washington, D.C. on Nov. 30, Johnson said the “best outcome” for corporate governance of crypto firms would be to…
Earlier this year, news dropped that federally sanctioned coin mixer Blender had relaunched as a different app called Sinbad. Now, the feds have gone after the controversial successor. In a Wednesday announcement, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said it had sanctioned the Sinbad app because North Korean hacking group Lazarus Group used it to launder…
