Space Nation Online is now in closed beta, offering gamers a glimpse into what the future of the sci-fi blockchain MMORPG—with NFTs on Ethereum, and plans to expand via scaling network Immutable zkEVM—will look like. But due to server overload, it’s been hard to fully appreciate the best parts of the game thus far. Founded in 2019 by gaming industry…
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from the initially planned 5-nanometer (nm) process to an […] Source: https://news.bitcoin.com/jack-dorseys-block-targets-chip-advancement-with-3nm-bitcoin-asic-mining-rig/
A draft version of an IRS form spread fear and uncertainty across the crypto industry this week, with sections of the document leading some to believe that American DeFi users may soon be required to report their self-custodial wallet addresses to the federal government. Come 2025, the document, Form 1099-DA, will become a mandatory filing for any crypto transaction deemed…
Luxury Watches, Designer Shoes Will Soon Trade Like NFTs: Arianee CEO Arianee CEO Pierre-Nicolas Hurstel sat down with Rug Radio founder Farokh and Decrypt’s Sander Lutz at NFT Paris to discuss everything from the future of on-chain luxury to the secret hack to finding the best restaurants in France. Source: https://decrypt.co/videos/live-events/CSNQG2md/luxury-watches-designer-shoes-will-soon-trade-like-nfts-arianee-ceo
Along with the anticipated Bitcoin halving event, 4/20 has come and gone—but the famed meme number is already back in the BTC conversation amid an attempt to change Bitcoin’s software. Advocates of restoring a Satoshi-era command in Bitcoin’s programming language introduced new code Monday, outlining how “OP_CAT” could be used to bring more functionality to Bitcoin. One notable addition: including…
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading representations” in its lawsuit against the cryptocurrency firm. Lead Attorneys in […] Source: https://news.bitcoin.com/sec-lawyers-resign-after-judge-sanctions-the-regulator-for-gross-abuse-of-power/
Following a brief period of net outflows preceding Bitcoin’s block-reward halving, spot bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading the way. On Monday, spot Bitcoin ETFs collectively experienced net inflows exceeding $62 million, with FBTC securing the largest single-day net inflow of $34.83 million. The ARK…
Bitcoin’s recent halving, completed on April 19, may not immediately impact market dynamics, with analysts suggesting a potential two-month wait for significant effects. Despite an 8% increase in bitcoin’s spot price since the halving, experts anticipate a delay in supply and demand adjustments. Analysts at QCP Capital suggest that historical patterns indicate a delay of around two to three months…
Binance, one of the world’s largest cryptocurrency exchanges, is embroiled in a new legal battle in Canada as a class-action lawsuit alleges violations of securities laws. Ontario’s Superior Court of Justice published a certification motion for the lawsuit on April 19, reigniting legal scrutiny against the exchange. The lawsuit accuses Binance of selling cryptocurrency derivative products to retail investors without…
In the wake of the memecoin frenzy, over $25 million invested in pre-sold Solana memecoins has been left stranded, with more than half of the top projects abandoned within just one month. ZachXBT’s investigation identified 12 Solana memecoin projects that have been deserted by their founders, leaving investors in the lurch. Solana Co-Founder Anatoly Yakovenko expressed skepticism towards the trend,…
