Coinbase CEO Brian Armstrong has drawn a firm line in the sand, announcing the crypto exchange has severed ties with law firms employing former U.S. Securities and Exchange Commission officials who led what he described as a campaign to “unlawfully kill” the crypto industry. “We’ve let all the law firms we work with know that if they hire anyone who…
The winners of the GAM3 Awards 2024 have been crowned! The 21 champions were revealed at a live event presented in partnership with Yield Guild Games (YGG) on November 22nd, marking a well-deserved close to the year and celebration of how far the web3 gaming industry has come. Following an extremely close competition between the top games, creators, and ecosystems…
Cash App—the payment application jumpstarted by Twitter founder Jack Dorsey—has ended its support for free peer-to-peer (P2P) Bitcoin payments. “Cash App will no longer support sending and receiving Bitcoin between $cashtags,” starting on Dec. 20, a recent announcement reads. However, customers outside of New York can still use Lightning Network to receive or send Bitcoin. Furthermore, “Bitcoin Gifts will also…
Manila, Philippines, December 3rd, 2024, GamingWire BreederDAO, an a16Z and Delphi Digital backed asset factory in the metaverse, rebrands as Sovrun, expanding its focus from web3 gaming asset creation to building self-expanding game ecosystems. Sovrun aims to shape the future of gaming with onchain experiences that empower players, creators, and communities to govern and evolve their virtual worlds. Sovrun is…
The Bitcoin miner will save energy and money by using excess wind power and recycled ASICs at its newly purchased facility in Texas. Source: https://cointelegraph.com/news/mara-texas-wind-farm-sustainable-bitcoin-mining?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
If there’s anything that competitive gaming could teach us, it’s that early setbacks don’t determine future outcomes. A substantial rally is building among top gaming tokens, with The Sandbox (SAND) leading gains. Its token, SAND, has seen a jump of more than 32.3% over the last 24 hours, bringing its price to the $0.8 level. It’s also showing signs of…
US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023. Source: https://cointelegraph.com/news/alex-mashinsky-celsius-pleads-guilty-plea-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The European Central Bank (ECB) said that it has “made progress” in implementing offline Digital Euro payments on smartphones in a new report. The ECB plans to enable offline Central Bank Digital Currency (CBDC) payments by leveraging a specialized hardware chip, known as a Secure Element (eSE), embedded in users’ mobile devices. To clarify how this ecosystem might function, the…
Lawmakers are taking a closer look at the influence of artificial intelligence (AI) in critical sectors with the introduction of the AI Act of 2024, a bipartisan bill seeking to assess AI’s impact on financial services and housing. Reps. Maxine Waters (D-CA) and House Financial Services Committee Chair Patrick McHenry (R-NC) introduced the bill, directing federal regulators to examine how…
The price of Bitcoin tumbled Tuesday on Upbit, South Korea’s largest crypto exchange, falling as low as $61,600 as the country’s president, Yoon Suk Yeol, declared martial law. The measure, which was announced by Yoon in a late-night television address, came alongside accusations that South Korea’s main opposition party was sympathizing with North Korea, per CNN. Yoon reportedly accused the…
