FTX US announced that they acquired Good Luck Games, the creators of the prominent auto-battle card game Storybook Brawl. Reviews of the game on Steam tanked on the news as gaming fans continue to show resistance to crypto entering the gaming ecosystem. The game has had a total of 2417 reviews since launching in June 2021. …
Monthly archives: March 2022
NFL finally allows crypto sponsorship, with restrictions
The national football league (NFL) has finally lifted the embargo on teams’ involvement in crypto-related activities. In a memo released on Tuesday, the NFL stated that teams will now have permission to seek blockchain partnerships. But this doesn’t include stadium signage, and the clubs won’t still be allowed to directly promote cryptocurrencies. This decision modifies …
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Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System
The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions. Fed Chair Powell Sees the Need for New Crypto Regulation Federal Reserve Chairman Jerome Powell talked about the need to establish new regulation for cryptocurrency Wednesday …
Gamestop Beta NFT Marketplace Launches, Platform Leverages Loopring’s ZK-Rollup Tech
On Wednesday, the head of growth at Loopring, Adam Browman, announced that the recently teased Gamestop NFT marketplace has launched its beta version using Loopring’s layer two (L2) technology. Browman says that with Gamestop’s new NFT marketplace leveraging Loopring’s ZK-rollup technology, the platform “inherits Ethereum’s self-custodial security while abstracting away costly gas-fees, leaving no one …
Blockbank Integrates Orion․Money
press release PRESS RELEASE. Blockbank is proud to announce that the existing partnership with Orion Money has extended to include a number of new developments. Ana Plotnikova, blockbank CEO and Co-Founder, stated “We are extremely excited about the partnership with Orion.Money. It has been imperative for us to partner with projects that complement our diverse …
Thailand Adopts Rules Restricting Cryptocurrency Payments From April
Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues Regulations Limiting Use of Digital Assets for Payments Financial regulators in Thailand …
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$5,860,000,000 Worth of Ethereum (ETH) Torched Since Hard Fork Upgrade: Insights Firm IntoTheBlock
A leading crypto intelligence firm is revealing the amount of Ethereum (ETH) torched since the rollout of the London hard fork in August. IntoTheBlock says that the leading smart contract platform has burned over two million Ethereum worth $5.86 billion since the upgrade, adding that 766,720 ETH ($2.27 billion) were destroyed in the last three …
Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report
El Salvador’s Bitcoin (BTC) bonds are oversubscribed by around 50%, according to a Financial Times report. The Central American country announced in November of 2021 that it would issue Bitcoin bonds worth $1 billion. Citing El Salvador’s finance minister Alejandro Zelaya, sources tell the Financial Times that the total value of the bids for the …
Florida Governor DeSantis Says Sunshine State Working on Accepting Bitcoin for Tax Payments: Report
Governor Ron DeSantis of Florida says his state is drawing up plans to allow businesses to pay their tax bill with crypto assets. According to a new report by Bloomberg, DeSantis said that the state would be willing to accept digital assets as payment for taxes. “I’ve told the state agencies to figure out ways, …
GameStop NFT Marketplace now live and powered by Loopring L2
GameStop has confirmed its integration with Loopring (LRC), an Ethereum Layer 2 zkRollup protocol designed for powering decentralized cryptocurrency exchanges, into their highly anticipated NFT marketplace. Adam Browman, Loopring’s Head of Growth, announced on Medium on Wednesday that the beta version of GameStop’s marketplace had gone live. The future of #NFTs are here + they’re powered by #Ethereum’s …
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Bitcoin is ‘not regulated’ — Honduras’ central bank pushes back against legal tender rumors
The central bank said “for the time being” Bitcoin was not regulated in the country, but it was exploring the feasibility of introducing a CBDC. The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be …
Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement
Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amid a marketing push to develop better brand recognition is Fetch.ai, a protocol focused on building …
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Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry
Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period. Bitcoin/USD 1-day chart at FTX. …
Meta files 8 digital asset and Web 3 trademark applications
Meta, formerly Facebook, has filed eight trademark applications with the United States Patent and Trademark Office, or USPTO, relating to blockchain technology and its proposed metaverse. The applications and their fields of interest are as follows, organized by serial number: 97320155: Online social networking and dating services, including a specific branch tailored for networking between …
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Proposal for crypto tax policy in India will go to parliament on March 24
A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday. According to a Wednesday publication, Sitharaman will be introducing appropriation and finance bills for 2022 to the Lok Sabha — the lower house …
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