Cryptocurrency Analysis and News Portal
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12. As told by developers:According to developers, the "Illuvitars" NFTS are "dynamic collectable works of art, representing a specific avatar of
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Conflux is a speedy and cheap blockchain that claims to be the only regulatory-compliant public blockchain in China. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald's China and Oreos. Original Source
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NFT.NYC, the internationally celebrated non-fungible token (NFT) conference, concluded on Friday, April 14, following three days of talks, presentations, and events led by some of the biggest names in the blockchain industry. NFT.NYC conference NFT.NYC’s sponsors included the largest NFT marketplace, OpenSea; NFT gaming platforms, Immutable and Atomic Hub; and web2 giant, Amazon Web Services. The conference
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The sole exception is bitcoin, “which, by virtue of the decentralization stemming from the design of its blockchain protocol, the Securities and Exchange Commission and other regulators characterize as a commodity rather than a security,” analyst Mark Palmer wrote. Source
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Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the
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The FTX saga and the developments that led to the crypto exchange's collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao.According to The Hollywood Reporter, the production is a partnership between media outlet
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Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023. Several analysts believe that the US economy and stocks could face a challenging 2023 run, even trailing Europe in the process. For instance, Deutsche Bank’s chief investment officer
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The trading debut for the new fund, under the symbol “DEFG,” comes as the shares of Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), are trading a record 47% discount to the value of the underlying cryptocurrency. Grayscale has said it’s operating business as usual, but speculation about the fund’s
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While Binance did not directly address the situation with FTX, it offered a veiled barb at the failed exchange. "There are bad players in our industry, but it’s important to know that there are also creators and innovators, who are working hard to build valuable products and services in Web3,"
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U.S. Treasury Secretary Janet Yellen focused on the ongoing distress of stablecoin UST during testimony before a U.S. Senate panel on Tuesday, just hours after the purportedly dollar-pegged token plummeted to a low of $0.65 and at least one platform halted trading. Source
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