In brief Worldspark Studios is a blockchain gaming startup that has veteran developers from Riot Games and more. The firm raised $3 million in seed funding and is developing a game called Edenbrawl that will feature NFT elements. Developers have been building blockchain-based, crypto-infused games for years. But with last year’s explosive rise of the NFT market and the success…
Lord Fusitu’a, a former member of the Tongan Parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook. Step one is remittance, two is legal tender, three is Bitcoin mining and four is moving national treasuries into Bitcoin, effectively upgrading…
Today marks the eighth anniversary of the fall of Mt. Gox, the once-popular online exchange that at one point accounted for the majority of all Bitcoin transactions. Tokyo-based Mt. Gox, whose domain (MtGox.com) was originally registered in 2007 to host a trading site for the wildly popular “Magic: The Gathering” game cards, began operating as a rudimentary bitcoin exchange in…
Findings from an online survey of 1,500 United States-based consumers reveal people’s deep concerns over privacy and tech platforms’ outsize power while suggesting that Web3 is yet to become a household term. The study was fielded by global insights and strategy firm National Research Group (NRG) in January 2022. 54% of respondents said they were worried about their rights and…
China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include digital currency transactions. The Chinese Supreme Court issued a revised version of its “Decision on Amending the Interpretation of the Supreme People’s Court on Several Issues Concerning the Specific Application of Law in the…
The market cap of all cryptocurrencies has plunged by $200 billion following Russia’s invasion of Ukraine, a drop of over 12% over the last 24 hours. The current market cap of all cryptocurrencies currently sits at approximately $1.56 trillion, down from a high of $1.77 trillion during the last 24 hours, according to CoinMarketCap. Many of the crypto industry’s largest,…
Prominent figures in the crypto community have responded to Russia’s invasion of Ukraine—and they haven’t minced their words. “Fuck war,” wrote Barry Silbert, CEO of Digital Currency Group, the largest digital asset management company in the U.S. Sam Bankman-Fried, the CEO of crypto exchange FTX, weighed in as well, sharing his thoughts “on crypto, Ukraine, and stocks.” Bankman-Fried noted that…
Bitcoin (BTC) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts. In its latest market update on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000. Analyst eyes BTC 20-week and 200-week MA for cues Military action by…
The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster Real-Time Settlement in Defi, Web3,…
In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing. This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream.…
