Industry News
Polymarket sees bets of $2.4 million on Ethereum ETF approval
Crypto traders have entered the speculative market, making bets on the potential approval of a spot Ethereum exchange-traded fund (ETF) by the United States Securities and Exchange Commission. The United States SEC is set to make its verdict before May 31, and market participants have lined up to make bets on it on Ploymarket. Polymarket…
American crypto lobbyists might just be our biggest problem
America, land of the free, home of the brave, and now, a playground for crypto lobbyists who seem to have taken the term “influencing policy” to an entirely new level, kickstarting a sort of political war that could very well dictate the future of finance in the United States. Think I’m being dramatic? Okay. Read…
X Payments delays crypto integration amid licensing issues
In a strategic move that diverges from the trend of cryptocurrency integration, payments-integration/” target=”_blank” rel=”noopener”>X Payments, the new venture by the social media giant formerly known as Twitter, helmed by billionaire entrepreneur Elon Musk, is set to debut without cryptocurrency support. This decision comes amidst licensing hurdles, specifically the absence of a Virtual Currency Business…
Former FTX executives and promoters settle class-action lawsuit
Former executives and promoters of defunct crypto exchange FTX have settled with a group representing former investors of the exchange in a lawsuit. According to the details of the settlement, the former executives and promoters of the exchange will part with $1.3 million. The settlement stems from a protracted lawsuit where investors were seeking compensation,…
Mixed reactions: Google’s move into cryptocurrency monitoring
Google recently made a breakthrough by expanding its search capability to monitor wallet balances across various blockchains, thus enabling Google users to effortlessly track their cryptocurrencies using the search engine. The enhancement includes popular blockchains like Bitcoin, Arbitrum, Avalanche, Optimism, polygon, and fantom and accommodates various cryptocurrency users. Google’s upgraded search capability enables such users…
Apex Legends Competitive Scene Undergoes Massive Shake-Up with Removal of Dropship and Introduction of POI Draft
Professional play in the Apex Legends competitive scene isn’t new to controversies, with the most recent hack events undoubtedly leaving a trail often behind. The game company Electronic Arts (EA) revealed recently envisioned serious amendments in action for Apex Legends Global Series (ALGS) including the holding of the Dropship stage and the coming of Performance-Based…
Russia Plans to Enter PC Gaming Handheld Market
Russian President Vladimir Putin has approved plans to enter Russia into the PC gaming-excitement/” target=”_blank” rel=”noopener”>gaming handheld market, which has had very good development and was started by the units, for example, Steam Deck. Putin’s directive sparks interest At a recent session presided over by President Putin on the social-economic advancement of the Kaliningrad region,…
Warzone Developers Confirm No Bots in Standard Battle Royale Matches
In a recent announcement, developers of Call of Duty: Warzone have proven more than any other game that the long-running mystery about allowing bots into standard performance royal matches is true. This is made clear while the community features playoff theories of ai rivals that either self-destruct while they divert the crowd to fill up…
Bybit expands to Europe, launches Dutch platform Bybit.nl
market–trading-heres-everything-you-need-to-know/” target=”_blank” rel=”noopener”>Bybit, a leading global cryptocurrency exchange, has announced its expansion into the contact market. This development comes in view of the exchange looking for fresh prospects after encountering regulatory issues in Hong Kong. Bybit announced that Bybit.nl, a digital asset platform specifically designed for the Dutch market, was launched on March 28. The…
Relic Entertainment Becomes Independent After Sale by Sega Europe
An RTS developer, Relic entertainment/” target=”_blank” rel=”noopener”>Entertainment, situated close to Vancouver, has completely modified its ownership. Relic is known for the Company of Heroes series, which is in the second installment, and the Dawn of War sequel. The studio Sega Europe, the earlier parent company, is owned by another firm and is being sold due…
Rain World: The Watcher DLC Announced for Metroidvania Fans
The Metroidvania genre, being the favorite genre in the world of indie gaming, brings immerse worlds rounded with challenging platforming, and intense storytelling. Among the substantial works in this genre, the game called Rain World is one of them, and it provides its user with a combination of amazing designs and survival mechanisms. Now, fans…
Rapid rise and fall of Memecoins amidst SBF’s sentencing
In a whirlwind of speculative fervor, the cryptocurrency community witnessed a fierce surge in memecoins coinciding with the historic crypto–community-reactions-to-sbfs-sentence/” target=”_blank” rel=”noopener”>sentencing of Sam Bankman-Fried, former CEO of FTX. Judge Lewis Kaplan’s decision to impose a 25-year prison sentence on Bankman-Fried sent shockwaves through the industry, marking a significant milestone as the first prison sentence…
UAE research showcases challenges facing Blockchain implementation in UAE banking sector
The UAE based ADGM (Abu Dhabi Global Market) Academy research Centre alongside the College of Business and Economics at the United Arab Emirates University (UAEEU) carried out a digital-transformation-of-banking-and-financial-institutions-in-the-uae-understanding-the-common-challenges-for-collective-action/” rel=”nofollow noopener” target=”_blank”>research project entitled, “Digital Transformation of banking and financial institutions in the UAE: Understanding the common challenges for collective action” aimed at understanding the…
Copper’s Sushi Event Sparks Controversy and Prompts Internal Review
In a recent turn of events that has stirred the fintech and cryptocurrency sectors, Copper, a prominent crypto custody firm, has found itself at the center of controversy following a sushi event that has been widely criticized for its insensitivity and lack of judgment. The event, which involved serving sushi on the bodies of models…
SBF bags 25 years in jail – Now what about Gary, Nishad, Caroline?
After the circus of a trial that landed their ex-boss, Sam Bankman-Fried, behind bars for a cool quarter-century, folks are itching to know. What is going on with the three musketeers Gary Wang, Nishad Singh, and Caroline Ellison? These three amigos, once riding high on the crypto wave at FTX and Alameda Research, have, as…
Did Putin just point fingers at crypto for the terrorist attack?
The aftermath of a terrorist attack is never easy. Least of all when it happens on the global stage with accusations flying faster than I can report them. Recently, Moscow found itself the target of such an attack, leading to a complex web of blame, international intrigue, and a recent notable nod towards cryptocurrency’s role…
Business Concerns Rising: DeFi Vulnerabilities and Scams Revealed in Q1
The first quarter of 2024 will see a crisis in the cryptocurrency market, with total losses reported due to hacks and fraud witnessed. $336.3 million loss. While this figure is indeed alarming, it also represents a slight decrease from the previous year and reflects both subtle and unmistakable changes in the economy. DeFi vulnerabilities report…
FTX Estate Ready to Sell Solana Lock for $7.5 Billion
FTX real estate just sold for $41 million. The $7.5 billion sale price of locked Solana tokens attracted the attention of investors. Demand for the sale is strong, and many companies are interested in purchasing tokens from the property, people familiar with the matter said. Neptune Digital leads the way Neptune Digital became the first…
Crypto traders reportedly flee KuCoin amid allegations of illegal operations
In the wake of the U.S. Department of Justice (DOJ) and Commodities Futures Trading Commission (CFTC) unsealing an indictment against us-indictment/” target=”_blank” rel=”noopener”>KuCoin and two of its founders, Chun Gan and Ke Tang, the cryptocurrency exchange has witnessed a significant exodus of digital assets. According to reports from blockchain analytics firm Nansen, traders have swiftly…
Crypto community mixed reactions to SBF’s 25-year sentence
In a historic sentence on SBF enabling the crash of the FTX cryptocurrency exchange, Judge Lewis Kaplan, who supervised the extreme case, sentenced the former FTX chiefcourt-appearance/” target=”_blank” rel=”noopener”> SBF to 25 years in prison. On March 28th, the court convicted the defendant on bank robbery charges and fraudulent currency issuance. Amid the concerns about…