2023 will see the death of play-to-earn gaming

Play-to-earn gaming enabled by blockchain technology has grown exponentially over the few years.  Gamers have embraced the opportunity to collect cryptocurrencies or ​nonfungible tokens (​NFTs​)​ that have been produced in blockchain-based games. Through the advent of this new technology, players have been able to generate income by selling in-game NFTs or earning cryptocurrency rewards, both […]

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US lawmakers under pressure following FTX collapse: Report

Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange filed for bankruptcy in November, lawmakers have been under pressure to set a new regulatory framework for cryptocurrencies.  Several proposals are in the works […]

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Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss

Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price: Where’s the volatility? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD clinging to a familiar area around $16,500. The pair continued to disappoint players […]

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Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs

The majority of NFTs purchased by the site are derivative projects – meaning, collections based on other popular projects that are often made worse. These include Lost Nouns, a derivative of Nouns, Anatomy Science Ape Club, a derivative of BAYC and Baby Goblinz, a play on Goblintown.

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A disastrous year that saw few winners among a sea of losers

2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking […]

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Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Former FTX CEO Sam Bankman-Fried (SBF), currently free on a $250 million bail bond, will reportedly plead not guilty to the alleged FTX and Alameda-related financial frauds in court on Jan. 3. SBF was arrested in the Bahamas at the request of the U.S. government under suspicion of defrauding investors and misappropriation of funds held […]

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‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus

Bitcoin (BTC) and crypto will need until at least 2024 to “recover from the abuse of unscrupulous players,” says one of the industry’s best-known names. In a blog post released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years. Marcus: “Crypto winter” will […]

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$300m of FTX debtors transferred without authorization

This cryptocurrency is currently held in a single digital wallet at Fireblocks The Bahamas Commission instructed Sam Bankman-Fried to transfer the funds to this wallet FTX debtors (FTX Trading Ltd. and affiliates) published information on their cryptocurrency in the control of the Bahamas Commission (Securities Commission of the Bahamas).  After the chapter 11 bankruptcy case […]

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