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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...
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders
7.3.2023
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion...
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
25.2.2023
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with...
Binance withdrawals and BUSD redemptions surge post Paxos crackdown
14.2.2023
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
10.2.2023
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease...
Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense
18.1.2023
Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan &...
Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens
1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...
Red Dead Redemption, GTA IV Remasters Shelved After GTA Trilogy Debacle
5.7.2022
Following recent rumors, Kotaku can confirm via its sources that Rockstar Games is currently focused on developing Grand Theft Auto 6, and has shelved all remakes following the poor reception of Grand Theft Auto: The Trilogy – The Definitive Edition. Read more
Momentarily Forget The State Of The World With Steam’s Giant Summer Sale
24.6.2022
Everything feels like it’s exploding in forest fires or uncaring politicians, but at least you can currently get Bugsnax for 50% off in the Steam Summer Sale, which began yesterday and will run until July 7 at 1 p.m. Eastern. Read more
The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%
17.6.2022
During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than...
Life-Sized Final Fantasy Bust Has Realistic Sephiroth Nipples, And They're Excited To See You
25.1.2022
When I woke up this morning, I did not expect to catch an eyeful of Final Fantasy VII villain Sephiroth’s perky nipples. Yet here we are. Life always finds a way, you know? Here’s FantasyToys’ life-size Sephiroth bust for your viewing pleasure.Read more
Mario Odyssey Speedrunner Completes Absurd, Nearly Unplayable ‘HUD Challenge’
24.1.2022
They say necessity is the mother of invention, so when speedrunning Super Mario Odyssey became “too easy” for Twitch streamer DougDoug he decided to spice things up by making the game’s heads-up display get progressively… uh, worse the longer he played. Read more
Activision Blizzard Devs Win Better Pay And PTO For Contractors
9.11.2021
The publisher behind Call of Duty: Vanguard and World of Warcraft announced yesterday that it would be improving pay and paid-time-off for contractors at the company, including raising the minimum hourly rate to $17 and paying them even during holiday breaks. The changes came amid renewed scrutiny...
GTA III Made Just Vibing In Its World Incredible
25.10.2021
God, the feeling of playing Grand Theft Auto III upon release. Were you there for it? Do you remember it? You could actually sense, in the moment, that you were experiencing a cultural shift, a game that was going to change things forever. But why? How? What defines the influence and impact of...
What Happens When AI Tries To Review A Video Game
22.10.2021
It’s a comment I’ve seen hundreds of times, or variations of throughout my time here at Kotaku: internet complaints about the quality of reviews. “A bot can do better than this,” some would cry. So let’s put that to the test.Read more
GTA Trilogy Remaster's Achievements Seem To Have Leaked, And They're Great
15.10.2021
Another day, another bit of information leaks out from Grand Theft Auto: The Trilogy - The Definitive Edition. This time, dataminers have dug into files found in the Rockstar Games Launcher on PC and retrieved a full list of achievements players can attain in the remakes when they release later...
Everyone Who Worked On A Game Should Be In The Credits
14.9.2021
Deathloop is out, and by all accounts it’s pretty good! It’s a shame, then, that it’s also the reason we’re revisiting the topic of “video games people being weirdly shitty about who makes it into the credits and who doesn’t”.Read more
Singer and Actor Gackt On Indefinite Hiatus For Vocal Disorder
8.9.2021
Gackt’s agency announced that the singer is taking an indefinite break to focus on his recovery after falling seriously ill. Kyodo News reports that Gackt became seriously ill after returning to Japan from overseas on August 6, feeling sick and fainting.Read more
Two Years After Microsoft’s Promise, FFXIII Finally Comes To Game Pass
1.9.2021
Final Fantasy XIII finally comes to Xbox Game Pass on September 2.Read more