The Mozilla Foundation has put cryptocurrency donations on hold following a community backlash sparked by trenchant criticism from co-founder Jamie Zawinski. Last week the development company behind the Firefox browser tweeted an appeal for donations in cryptocurrency. But earlier today, Mozilla announced it had paused crypto donations due to the online discussion around crypto’s environmental impact. Last week, we tweeted…
Cat themed play-to-earn (P2E) NFT game Nyan Heroes is aiming to save 1 billion cats from euthanization in animal shelters across the U.S. Nyan Heroes is an upcoming NFT battle royal shooter style game built on the Solana blockchain that will enable players to compete with each other using NFTs depicting animated cats that are used to pilot mech-robot NFTs…
The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency. 3 Countries Will Adopt Bitcoin as Legal Tender in 2022, Devere’s CEO Predicts The CEO of Devere…
Ethereum co-founder Vitalik Buterin has put his thinking cap on again in an attempt to improve the current fee structure for the network. The proposal titled “Multidimensional EIP-1559” was laid out in a blog post on Jan. 5 in which Buterin noted that different resources in the Ethereum Virtual Machine (EVM) have different demands in terms of gas usage. He…
The United States Securities and Exchange Commission (SEC) has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset securities” in an Initial Coin Offering his company conducted in 2018. The SEC alleges in a Jan. 6 complaint that Sproule’s company, Metavine, Inc. which operated the ICO for Crowd Machine (CMCT) from…
In brief Mozilla announced today it had paused crypto donations. The decision comes after a week of pushback from the open-source community. The main point of the criticism is the environmental impact of cryptocurrency. After a wave of criticism from the open-source community this week, Mozilla, the company behind the popular Firefox browser, announced on Thursday it has paused accepting…
Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows. Goldman Sachs’ Bitcoin vs Gold Prediction Goldman Sachs analyst Zach Pandl, co-head of global foreign exchange strategy, outlined the future outlook for bitcoin in a research note to…
The share price of Reddit’s cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on its upcoming NFT division. The U.S. retail game store giant has been quietly working on an NFT marketplace since May, and ramped things up in October by listing several job openings for Web 3.0 and NFT-experienced…
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana. Terra’s Jan. 6 Research post UST Goes Interchain: Degen Strats Part Three provides details about how $139 million of UST and its native stablecoin LUNA would be utilized and on what platforms if the proposal…
Congratulations if you spotted the Easter eggs in GameStop’s job advertisements. Turns out the video game retailer really is getting into crypto. GameStop has created a new unit for building an NFT platform and hired more than 20 people thus far to run it, according to a report today from The Wall Street Journal. The platform will allow customers to…
