Aavegotchi Studio Reveals ‘Members Only’ Ethereum Layer-3 Gaming Chain
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Ethereum Gaming Network Geist Is Members-Only to Prevent ‘Industrial Farming’

Pixelcraft Studios, the company behind crypto game Aavegotchi, is creating a “members-only” Ethereum layer-3 gaming network called Geist, built with the scaling tech of both Arbitrum and Base. The move comes as the company fears that “industrial farming” is an issue preventing real players from enjoying crypto gaming. “A lot of crypto games are farms,” the pseudonymous CEO and founder of…

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Telegram CEO Arrested, Coinbase CEO Bullish on Crypto  Payments, and More — Week in Review
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Telegram CEO Arrested, Coinbase CEO Bullish on Crypto Payments, and More — Week in Review

The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […] Source: https://news.bitcoin.com/telegram-ceo-arrested-coinbase-ceo-bullish-on-crypto-payments-and-more-week-in-review/

Bitcoin OP_CAT Upgrade: Can Revived Satoshi Code Transform the Top Blockchain?
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Bitcoin OP_CAT Upgrade: Can Revived Satoshi Code Transform the Top Blockchain?

Bitcoin’s developer ecosystem is the hottest it has been in years. Projects, tools, and proposals to unlock new decentralized applications for the OG crypto network are now part of the mainstream Bitcoin conversation. One proposal central to that conversation is BIP-347, or “OP_CAT”—though called BIP-420 by some proponents—a potential soft fork upgrade that proponents think could supercharge Bitcoin’s capabilities. At…

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Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer
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Rollups Are ‘Copies of the EVM,’ Not True Scaling Solutions, Says Developer

According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless […] Source: https://news.bitcoin.com/rollups-are-copies-of-the-evm-not-true-scaling-solutions-says-developer/

This Week on Crypto Twitter: Outrage and Unity as Telegram and OpenSea Come Under Fire
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This Week on Crypto Twitter: Outrage and Unity as Telegram and OpenSea Come Under Fire

The crypto industry found itself in an increasingly familiar position this week: on the defensive, banding together to fight back against encircling government forces.  The latest cycle of drama kicked off in full force late last weekend, when the French government abruptly arrested Telegram CEO Pavel Durov as he stepped off his private jet in Paris. Immediately, crypto and decentralization…

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Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings
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Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings

Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem. Yoshitaka Kitao, President and CEO of SBI Holdings, stated that […] Source: https://news.bitcoin.com/gaming-blockchain-oasys-announces-partnership-with-japanese-conglomerate-sbi-holdings/

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Crypto losses to hacks exceed $313M in August

Two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million. Source: https://cointelegraph.com/news/313-million-crypto-lost-hacks-august?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
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Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute

A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming to be […] Source: https://news.bitcoin.com/canadian-court-orders-man-to-repay-1-2-million-in-bitcoin-loan-dispute/