A lot was said about the metaverse when the Microsoft deal to acquire Activision Blizzard was announced in January 2022. The attention was mainly on business communications rather than gaming. If public statements and leaked documents are any guide, the Activision deal could promise more for the future of crypto than the metaverse.  The metaverse had high visibility in Microsoft’s […]

As per reuters report, the U.S. Securities and Exchange Commission won’t appeal a recent court decision that found their rejection of Grayscale Investments’ application for a bitcoin exchange-traded fund (ETF) was wrong. This means they’ll have to reexamine Grayscale’s proposal. The SEC has not grounds anymore to reject ANY Bitcoin Spot ETF. It’s a matter of time before they all […]

Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.  According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investments, while the second and third quarters saw $973 […]

Tether, the issuer of the world’s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will become the new CEO of the firm in December 2023, Tether announced on Oct. 13. Ardoino will replace Jean-Louis van der […]

During the crisis on Oct. 11 involving real-estate-backed U.S. dollar stablecoin Real USD (USDR), a trader appears to have swapped 131,350 USDR for 0 USD Coin (USDC), resulting in a complete loss on investment. According to the Oct. 12 report by blockchain analytics firm Lookonchain, the swap occurred on the BNB Chain through the decentralized exchange (DEX) OpenOcean, at a […]

The Shiba Inu ecosystem has witnessed a significant surge in SHIB transactions, with a 350% increase in transactions valued at over $100,000, according to data from IntoTheBlock. According to IntoTheBlock’s Large Transactions Volume chart, it can be observed that in the last 72 hours, the total daily volume of SHIB transactions reached 3.8 trillion tokens, highlighting the growing interest from […]

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), […]

A second Chinese court has ruled that crypto lending is an activity outside the protection of the country’s legal system. According to an Oct. 10 press release by the Nanchang People’s Court, in April 2021, an individual known as Mr. Ming lent a total of 80,000 Tether (USDT) to an individual known as Mr. Gang for stablecoin trading. The loan […]

A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to get $175 million from GGC. The United States Bankruptcy Court for the Southern District of New York gave the green light to the settlement agreement between FTX and GGC’s parent company Genesis Global Holdco in a […]