Long criticized for being a platform overrun by disinformation and illegal content, Twitter now faces its first official European Union government inquiry over its handling of posts related to the war between Israel and Hamas. The move comes after Twitter responded to the EU’s new Digital Services Act (DSA) by providing a content moderation report prepared in September, a transparency…
Zooko Wilcox is stepping down as the CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash (ZEC). ECC announced a change in leadership on Monday, with Josh Swihart promoted to replace Wilcox. Picture of Wilcox speaking about the history of privacy on the internet. Source: ECC Swihart previously worked at ECC as one of the firm’s vice presidents…
Ubisoft’s upcoming battler game Champions Tactics: Grimoria Chronicles sold out of its free Warlords NFTs within minutes—and has seen over $2 million in sales within a couple hours of its public mint, per CryptoSlam data. After a limited presale for select fans, the pixelated profile picture-style Warlords minted out in less than 20 minutes during the collection’s free public mint…
Unstoppable Domains — a prominent provider of Web3 domains — recently expanded its offerings by incorporating traditional “.com” addresses. This move marks the first instance of merging conventional Web2 domains with the evolving Web3 domain space. This integration aims to seamlessly connect the existing web infrastructure with the new, allowing users to engage with both types of domains on a…
The UK Treasury has launched a new “digital securities sandbox” (DSS) under the Financial Services and Markets Act, which goes into effect January 8, 2024 and provides a firewalled financial laboratory where emerging technologies like blockchain can be vetted for use in broader financial market infrastructure. The DSS regulations, laid before Parliament today, will enable eligible financial market entities to…
The Pokémon-like battler game Aurory experienced an exploit Sunday evening that allowed the attacker to withdraw around 600,000 AURY tokens worth about $830,000 at the approximate time of the exploit. Ultimately, Aurory’s developers disabled its SyncSpace blockchain bridge that connects the game to both Solana and the Ethereum scaling network Arbitrum. Reached for comment, Aurory Executive Producer Jonathan Campeau told…
A United States court has entered an order against crypto exchange Binance and its former CEO Changpeng “CZ” Zhao, which will see Binance pay $2.7 billion and CZ pay $150 million to the Commodities Futures and Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved…
Bitcoin ETF hopeful Bitwise Asset Management launched what looks to be the first ever ad for a Bitcoin exchange-traded product. It proclaims that “Bitwise Is Interesting,” using none other than actor Jonathan Goldsmith—well-known for portraying “The Most Interesting Man in the World” for beer company Dos Equis—to deliver the message. Bitwise said its campaign is set to appear across TV,…
Bitcoin fees have continued to soar, with the average cost to send the cryptocurrency now at the highest in over two and a half years. Bitinfocharts data shows that it today costs on average $37.58 to make a transaction. The last time it was that high was back in April 2021. Fees have been exploding since May this year ever…
Coinbase is continuing its efforts to ensure adequate legislation on cryptocurrency used as securities. After the United States Securities and Exchange Commission (SEC) denied Coinbase’s petition for rulemaking on cryptocurrency on Dec. 15, the crypto exchange appealed the decision on the same day. Coinbase chief legal officer Paul Grewal promised immediate action as soon as the SEC’s denial became known.…
