News
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
Twitter's new owner says they'll be throwing a heap of new ideas at the platform over the coming months. Twitter’s new owner Elon Musk has asked his followers to prepare for “lots of dumb things in [the] coming months” on his newly acquired social media platform.The...
SBF tumbles off Bloomberg’s billionaire index after trouble at FTX
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87. Crypto billionaire Sam Bankman-Fried may not be able to claim the "billionaire" accolade anymore after an estimated 94% plummet in his personal wealth...
Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them. Royalty enforcing NFTs to be a ‘new asset class’: Magic Eden CEOJack Lu, the...
Vitalik reveals a new phase in the Ethereum roadmap: ‘The Scourge’
The remaining milestones of the Ethereum roadmap consist of The Surge, The Scourge, The Verge, The Purge and The Splurge. Ethereum co-founder Vitalik Buterin has added a new stage to the Ethereum technical roadmap, one that aims to improve censorship resistance and...
90% of GameFi projects are ruining the industry’s reputation
Too many projects are releasing over-hyped trailers that they can’t match with gameplay. The GameFi industry is set to unleash its massive potential within the next six years. According to Absolute Reports data, its estimated value will grow to $2.8 billion by 2028,...
Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’
According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws. The entity supporting research and development of Polkadot as well as overseeing...
You have our swords: 12 independent entities pledge legal support for Ripple
The evidence is mounting as “friends of the court” line up in support of Ripple Labs. Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC).On Nov. 4,...
Programmer spends 69 nights in ‘Bitcoin Cash City’ using only BCH: Here’s how it went
Silverblood says using Bitcoin Cash as payment method “makes sense” because it's part of his income and "it's less effort than some of the other forms of payment I use." When programmer Jonathan Silverblood flew to Townsville, Australia from his Finland home for a...
Singapore bank DBS uses DeFi to trade FX and state securities
Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore. DBS Bank, a major financial services group in Asia, is applying decentralized finance (DeFi) for a project backed by Singapore’s central...
Huobi Global denies ‘large-scale layoffs’ and key exec resignations
A spokesperson from Huobi Global says rumours of layoffs are "untrue" and the "senior management team is performing their duties as per normal." Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives...