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Fortnite Developer Epic Games Lays Off 16% of Staff Following Metaverse-Inspired Transition
29.9.2023
The game's growth is now primarily driven by creator content, meaning lower revenue for Epic as the revenue is shared around more
U.S. Democrat’s Bill Urges Exchanges to Share Off-Chain Crypto Transactions to Regulators
29.9.2023
U.S. Rep. Don Beyer, a Democrat serving the 8th District of Virginia, is pushing a bill that would establish centrally-accessible repositories for off-chain cryptocurrency transaction data.
The bill, dated Sept. 27 – the Off-Chain Digital Commodity Transaction Reporting Act – urges crypto trading...
Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions
29.9.2023
“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics
U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions
28.9.2023
It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.) that would force exchanges to share the movement...
PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading
28.9.2023
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider
The Scalability Solution: Understanding Layer One vs. Layer Two Blockchains
28.9.2023
Layer one (L1) and layer two (L2) blockchains offer different approaches to scaling distributed ledger networks. While developers of L1 blockchains focus on improving the base protocol, L2 programmers have moved transactions off-chain to enable faster and cheaper transactions. What Are Layer...
Ending the Staking Trade-Off Can Save DeFi Communities
27.9.2023
HTX Hacker Makes Off With $8 Million
26.9.2023
Crypto exchange HTX experienced a security breach over the weekend that resulted in the loss of $8 million worth of crypto assets.
In a recent post on X (formerly Twitter), HTX stakeholder Justin Sun confirmed the news, detailing that the hacker managed to steal 5,000 ETH (worth around $8 million)...
Will Shiba Budz (BUDZ) Dethrone Shiba Inu (SHIB) and Take off to the Moon
25.9.2023
PRESS RELEASE. New cryptocurrency initiatives are continuously arising, each with its own distinct value proposition and room for expansion. Shiba Budz (BUDZ), one such effort, has recently gained attention. Shiba Budz (BUDZ), positioned as the utility meme world’s next big thing, intends...
Terra Luna Classic Price Prediction as Bears Push LUNC Down 0.4% – Is the Sell-Off Over Now?
20.9.2023
The price of Terra Luna Classic (LUNC) has dipped by 0.5% this morning, with its fall to $0.00005748 representing a similar fall in the past week and a 14% drop in the last 30 days.
Given just how heavily LUNC has been sold in the past few months, many traders may be tempted to think that it...
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
19.9.2023
The company filed for bankruptcy in August
Some Binance EU Users Find Fiat Withdrawals Cut Off Even Before Paysafe Ends Service
19.9.2023
Binance says Paysafe gave it short notice that a “very small portion” of European users will be subject to an earlier closure before the payments provider pulls support for the exchange on Sept. 25
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
15.9.2023
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies
South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity
15.9.2023
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market
Solana Price Prediction as SOL Bounces 4% Overnight – Is the Sell-Off Over?
14.9.2023
Despite ongoing concerns about FTX’s planned liquidation of over $1 billion in Solana (SOL) tokens, which amount to roughly 16% of the cryptocurrency’s overall token supply, SOL has mustered a rally of more than 3% on Thursday.
Solana, the token that powers the layer-1 smart-contract-enabled...
EA Lays Off Half The Staff Behind Magical FPS Game After Low Sales
14.9.2023
On August 22, Immortals of Aveum was released on Xbox, PlayStation, and PC. Three and a half weeks later, around half of the staff who worked on the game have reportedly been laid off after it failed to sell enough copies to satisfy its publisher. It’s yet another round of layoffs to hit the game...
XRP, SOL Lead Slight Crypto Majors' Recovery After FTX Sell-Off Fears
14.9.2023
BTC rose 1.5% to trade over $26,100 in European morning hours on Thursday, while Ether neared $1,700 before falling to $1,650
Paypal Offers More Crypto Payment Options for Web3 Merchants in US
13.9.2023
Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On-...
Polygon co-founder - $1B bet on ZK-rollups paying off
13.9.2023
Polygon has allocated an estimated $1 billion on zero-knowledge technology underpinning its Ethereum scaling layer 2 solutions
Bitcoin Price Prediction as BTC Bounces at $25,000 Support – Is the Sell-Off Over?
12.9.2023
In recent market movements, Bitcoin has shown resilience as it bounced back from the significant $25,000 support level, leading many to question if the recent sell-off is coming to a close.
As of now, Bitcoin's live price stands at $26,000, marking a 3.36% increase over the last 24 hours. With...