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Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage
24.6.2023
The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection...
Popular Minecraft YouTuber Dream Will Cover Face In Videos After Bullying
12.6.2023
Months after a long-in-coming face reveal that finally showed his mug to the rest of the world, big-name Minecraft YouTuber Clayton “Dream” Huff has put the mask back on following a seemingly never-ending pile-on of folks making disparaging remarks about his appearance.Read more
A Nintendo Switch Like This Should Frankly Be Illegal
9.6.2023
If you have a Switch, chances are very good that you’ve seen, or even own, some sort of cat-themed peripheral. As you read this, there are paw-shaped thumbstick covers collecting dust somewhere under my bed, having slipped from my Joy-Cons god knows when. We’ve all fallen prey to the cozy...
Michael Schumacher’s family to pursue legal action over AI interview
21.4.2023
The rapid development of AI is undoubtedly causing headaches for legislators and court systems globally as they struggle to deal with the technology
The Art Of Terra Nil
14.4.2023
Terra Nil, a game I recently reviewed for the site, is one of the most pleasurable desktop experiences I’ve had in a long time, both because of its tricky blend of puzzles and city-building but also because it’s a rare game that tackles climate change (or, in this case, restoration) with a sense...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails
20.3.2023
The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
11.3.2023
The company plans to use corporate resources to fill the gap, including external capital
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
11.3.2023
According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar
5 Mistakes I Made When Starting My First React Project
10.3.2023
You know what it’s like to pick up a new language or framework. Sometimes there’s great documentation to help you find your way through it. But even the best documentation doesn’t cover absolutely everything. And when you work with something …
5 Mistakes I Made When Starting My First...
Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal
7.3.2023
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to...
Iron Bank brings out the big gun, holds Alpha Homora’s users’ funds hostage to cover debt
7.3.2023
We have seen the crypto industry and staking services go down in recent months. The time has now come for decentralized finance to feel the burn of the community. This came to light after Iron Bank announced holding back the users’ funds of Alpha Homora. Funds are being held hostages to cover...
SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’
16.2.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
23.1.2023
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back...
European Banks Must Fully Cover Crypto Holdings With Capital, Draft Text Says
23.1.2023
A leaked proposal that faces a vote on Tuesday deems crypto assets to be the riskiest, in line with emerging international guidelines
Harmony Hackers Cover Tracks by Bridging Portion of $100M Loot to Avalanche, Ethereum and Tron
23.1.2023
The hackers that targeted Harmony network in a $100 million hack last year have bridged their ill-gotten gains from Bitcoin to Avalanche, Tron and Ethereum, according to on-chain analysis by blockchain sleuth MistTrack
Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency in 2023
18.1.2023
The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million in just three days. The surge in the sales of Egyptian treasury bills...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
5.1.2023
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees