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Fitting somewhere in the middle of the debate between central bank digital currencies (CBDCs) and private stablecoins, the Federal Reserve Bank of New York’s New York Innovation Center (NYIC), which has collaborated on the project since last year, concluded that “the network has the potential to deliver improvements in the
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A federal judge overseeing the case against former FTX CEO Sam Bankman-Fried (SBF) has denied motions from his legal team seeking to dismiss all but three criminal charges against him.In a June 27 filing in United States District Court for the Southern District of New York, Judge Lewis Kaplan issued
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The $MC token is expected to be used for gas fees and network validation on the Beam subnet. Merit Circle DAO, a growing global digital community focused on developing futuristic gaming infrastructure, announced the launch of Beam, a gaming subnet built on the Avalanche (AVAX) blockchain. With a sole focus on
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Decentralized autonomous organization (DAO) Merit Circle has voted to burn $169 million worth of its native token. Source
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“Collaboratively, Merit Circle Ltd and Yield Guild Games came to an agreement,” YGG wrote in a Medium post. “The proposed solution terminates the formal relationship between the Merit Circle DAO and Yield Guild Games. This space would not be where it is today without Yield Guild Games, and not without
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Merit Circle members want to refund Yield Guild Games' investment and cancel an agreement between the two, claiming there’s not been enough value-add by the gaming guild giant. Source
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Yield Guild Games (YGG), a decentralized gaming startup, said it invested $175,000 in Merit Circle to help “bring play-to-earn to the masses.”YGG said it will work with Merit Circle, also a decentralized autonomous organization (DAO) focused on gaming, to expand its play-to-earn scholarship model that is focused on developing countries.YGG
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