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Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
4.5.2023
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project
Life Is Strange Dev’s Next Game Is Like Inside Out, But Sexy
4.5.2023
I’m really captivated by Don’t Nod’s new mystery visual novel Harmony: The Fall of Reverie, but I can’t help feeling like it keeps getting in its own way. I’ve put about three hours into the game, and while it brings the Life Is Strange studio’s signature emotional, human dialogue, diversity, and...
Xbox Boss 'Upset With Myself' Over Redfall's Terrible Launch
4.5.2023
Microsoft Gaming CEO Phil Spencer was contrite following the overwhelmingly negative response to Redfall this week. In a new interview with the Xbox podcast Xcast, the executive confessed to being disappointed with some quality issues and the critical reception of Arkane’s vampire shooter this...
OpenTrade Raises Over $1.5M for Building Crypto Structured Financial Products
4.5.2023
The platform will offer liquidity pools for U.S. Treasury bills, later this year
Bitcoin Price Prediction as US Interest Rate Decision is Announced – Is the Bear Market Over?
4.5.2023
As the United States Federal Reserve announces its latest interest rate decision, the world watches with bated breath to see how the cryptocurrency market will react, particularly Bitcoin.
In recent months, the highly volatile digital currency has been stuck in a bearish trend, leaving investors...
Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection
4.5.2023
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance...
Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
3.5.2023
Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX.
On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai's Virtual Assets Regulatory Authority (VARA) for promoting...
US congressmen chide presidential advisers over crypto stances in economic report
2.5.2023
The legislators objected to a chapter of the president’s annual report that they believe diminished the role of Congress and could damage the economy with its hostility to digital assets
Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report Amidst Turmoil in Banking Industry
2.5.2023
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit...
Coinbase officers, board members face suit over alleged insider trading during listing
2.5.2023
The suit charges the alleged inside traders saved over $1 billion by selling their shares when the company went public, despite knowing they would lose value
Billionaire Justin Sun Apologizes Following Clash with Binance CEO Over Sui LaunchPool
2.5.2023
The founder of Tron and well-known billionaire, Justin Sun, has issued a public apology to Changpeng Zhao, the CEO of Binance, following a recent incident involving a $56.1 million TrueUSD deposit.
In a Twitter statement, Sun revealed that the funds had been mistakenly used by some members of...
ORIGYN Foundation takes over CanDB from CanScale
2.5.2023
ORIGYN Foundation takes an immense amount of pleasure in coming out with its official declaration of having taken over CanDB from CanScale. With the help of this very incorporation, the entity will be in the position of being able to make digital certificates searchable throughout the IC ecosystem....
3AC founders run into fresh trouble in Dubai over new exchange OPNX
2.5.2023
Dubai digital asset regulator claimed that it had sent two cease and desist notices to the exchange in February and an investor alert against it in April
Coinbase faces suit over alleged privacy violations in biometrics collection
2.5.2023
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users' fingerprints and facial scans
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...
Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank
1.5.2023
BTC’s price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday’s FOMC decision
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
1.5.2023
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights...
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
1.5.2023
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal...
AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains
1.5.2023
Does AI technology spell doom for Hollywood? Joe Lubin on AI, Wes Anderson’s Star Wars, and AI tasked with destroying humanity goes dark
Coinme, Subsidiary and CEO Fined $4M by SEC Over UpToken Offering
1.5.2023
The bitcoin kiosk company, its subsidiary Up Global and the CEO of both entities were accused of conducting "unregistered offers and sales of securities."