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Crypto developer commits $2M rug pull fraud to fuel gambling addiction
5.7.2023
A Redditor described the developer’s gambling addiction excuse as a “weird way to rug” as projects usually just run away and delete all the evidence
Wyoming: Regulatory Clarity and Crypto-Friendly Banks Fuel Blockchain Revolution
27.6.2023
America’s least populous state has passed three dozen laws regulating crypto. That has helped attract crypto, blockchain and Web3 employers and made the No. 7 spot in CoinDesk’s Crypto Hubs 2023 the most crypto-friendly state in an otherwise uncertain U.S. regulatory environment
Twitch Mega Streamer xQc Signed By Gambling Company For $100 Million
17.6.2023
Twitch’s biggest streamer, Félix “xQc” Lengyel, is signing with the company’s newest rival, Kick, a streaming platform that offers better revenue splits and also appears to be centered around online gambling. The non-exclusive deal is valued at up to $100 million over two years, and is the latest...
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
11.6.2023
It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...
Revolutionizing AI: GAIMIN Unleashes the Power of High-Powered, Distributed Gaming PCs to Fuel AI Models
9.6.2023
PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), is delighted to announce GAIMIN is the world’s first company to power AI modelling computations through high powered distributed gaming PCs....
New Nigerian President Slates Central Bank’s Interest Rate and Currency Demonetization Policy
31.5.2023
The new Nigerian president Bola Ahmed Tinubu has deplored the Central Bank of Nigeria (CBN)’s aggressive interest policy which he has reportedly labeled “anti-people” and “anti-business.” Tinubu also announced the scrapping of a fuel subsidy which has been in existence...
NFT and Token Airdrop Fuel Enthusiasm for New Trending Meme Coin $COPIUM
24.5.2023
There's a new player shaking up the meme coin vertical, $COPIUM, poised to disrupt the market, packing the punch with an exciting NFT and token airdrop event on the horizon.
This captivating event is drawing the gaze of crypto enthusiasts, particularly with the unique utility and lucrative...
Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%
23.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest rates to close to 100%, and Brazil breaks the U.S....
Brazilian President Lula Ends Fuel Price Peg to the US Dollar, Announces Wholesale Discounts
18.5.2023
Brazilian President Luiz Inacio ‘Lula’ da Silva has announced that state oil company Petrobras will not be using US dollar-based international prices to set its internal fuel pricing structure. The “Brazilianization” of the industry determines discounts for distributors...
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....
This ‘90s Pokémon Ad Was Nightmare Fuel
15.5.2023
Over the years I’ve caught many a Pokémon memory. From my first glimpse of the poster for Pokémon: The First Movie in a movie theater as a young child, to facing the final boss of last year’s Pokémon Scarlet and Violet, my nearly lifelong experience with Game Freak’s multimedia franchise forms...
Bitcoin double top 'invalidated' amid fear CPI may fuel macro comedown
11.4.2023
Feelings over BTC price action diverge across short and long timeframes as the upcoming CPI and PPI prints unsettle the mood
ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation
5.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have...
The =nil; Foundation Says Its New Software Is Rocket Fuel for Zero-Knowledge Developers
2.2.2023
The firm has already raised $22 million to build a suite of zero-knowledge developer tools
Neon Link Announces Limited Presale Of The $NEON Token That Will Power A Thousand Blockchain Games
2.2.2023
Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation...
Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally
24.1.2023
Web3 infrastructure firm Quicknode raised $60 million in a Series B funding round, according to an announcement the company made on Tuesday. The capital injection brings the company’s post-valuation to $800 million, and Quicknode says the funds will be used to “further fuel blockchain...
Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?
18.1.2023
Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system...
Crypto-trading South Korean Soldier ‘Sold Fake Concert Tickets to Fuel Spending’
22.12.2022
South Korean police have charged a man in his twenties with embezzlement and fraud – claiming that, during his military service, he fueled his crypto trading habits by selling bogus concert tickets online.
The man, aged 22 but unnamed for legal reasons, was arrested at the Heungdeok Police Station...
Rare Puts Conker’s Face On Something That’s Not A New Game, Again
15.12.2022
In the 20 years since Microsoft acquired Rare in 2002, the studio has only produced one actual game in the Conker series, which was the 2005 remake of Conker’s Bad Fur Day called Conker: Live and Reloaded on the original Xbox. I don’t know how well a foulmouthed squirrel passing through a series...
Talks of Issuing a New FTT Token Fuel Coin’s Price Despite FTT’s Broken Tokenomics Scheme
10.12.2022
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed...