The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire fraud in a New York federal court. In a Nov. 14 statement, the U.S. Attorney’s Office for the Eastern District of New York said French national Aurelien Michel pleaded…
Avalon’s Jeffrey Butler on Designing a Metaverse MMO That Lets Players Co-Create Avalon Chief Product Officer Jeffrey Butler speaks with Decrypt reporter Jason Nelson and details his studio’s new MMO game with interoperable assets—and how it will enable players to create and monetize their own content. Source: https://decrypt.co/videos/interviews/XDz9vsvT/avalons-jeffrey-butler-on-designing-a-metaverse-mmo-that-lets-players-co-create
Despite new investment in the crypto exchange, Blockchain.com’s valuation has more than halved from its $14 billion peak. Source: https://cointelegraph.com/app/public/index.php/news/blockchaincom-series-e-round-halves-valuation
Amid rampant speculation about its possible approval of a Bitcoin spot ETF, the Securities and Exchange Commission (SEC) today issued itself a report card of sorts, declaring that it had a “highly productive and impactful year” when it came to enforcement actions related to cryptocurrency and digital assets. “Investor protection and enhancing public trust in our markets requires that we…
Crypto exchange and wallet provider Blockchain.com closed a $110 million Series E financing round, an investment that more than halves its previous 2022 valuation of $14 billion. In a Nov. 14 blog post, Blockchain.com said the closing of its Series E round was led by the United Kingdom-based venture capital firm Kingsway Capital. It also saw participation from Baillie Gifford,…
Crypto startup Unix Gaming and sponsors including the Avalanche blockchain are funding a gaming tournament with $1 million worth of total prizes via Unix’s blockchain gaming platform, Owned. Owned’s tournament, called Game League, began Monday and will run until December 9, according to the platform’s website. The event spans several different games, including major traditional video games and a couple…
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next minister of state in the Department for Science, Innovatio… Source: https://cointelegraph.com/app/public/index.php/news/bim-afolami-uk-crypto-policy-economic-secretary
Say goodbye to typing and say hello to thinking. Neural tech company Unbabel gave an astonishing live demonstration of its Project Halo at the Web Summit conference, which aims to enable silent, thought-based communication between humans and machines. Project Halo combines a non-invasive neural interface with generative AI to transform patterns of bioelectrical signals into language. “There is a universal…
For the first time in U.S. history, the architect of a so-called NFT “rug pull” scheme has been convicted of a federal crime—and could soon end up behind bars. Aurelien Michel, the 25-year old founder of the ill-fated Mutant Ape Planet NFT collection, pled guilty Tuesday at a federal courthouse in Brooklyn to wire fraud charges. He was accused of…
The GROK meme coin—which shares a name but isn’t affiliated with Elon Musk’s AI chatbot—shot to zero after blockchain sleuth ZachXBT said it was linked to a known scammer. Usually stories about meme coins going to zero end there. But not this time. The token price dropped about 74% yesterday after ZachXBT claimed that the Twitter account promoting the meme…
