Crypto news

As NFT games boom, the traditional video game industry is starting to take an interest in Web3 development, investing large sums of money in blockchain gaming companies. On October 04, Horizon Blockchain Games, a startup focused on Web3 game development, announced the raising of $40 million in a Series A funding round, which involved large traditional video game companies such as Ubisoft and Take-Two Interactive. According to Horizon’s press release, the funding round was led...

As one of the most prominent NFT artists around, Beeple has gathered quite a community around himself – and unscrupulous third parties have repeatedly attempted to get a piece of the pie themselves. Attacks Focusing on Social Media Earlier this year, Beeple’s community was attacked via Twitter, an exploit that saw the artist’s account compromised and used to promote a crypto scam that directed unwary users to a phishing page pretending to be the official one of Beeple’s...

Philip Jefferson – one of the Federal Reserve’s three newest governors – has re-emphasized the central bank’s plans to continue fighting inflation.  The former college professor said he and his colleagues are committed to taking “further steps necessary” to address the problem, and gave no indication that they would consider dovish monetary policy in the near term.  Fed Will Stay the Course The governor delivered his remarks to a conference in Atlanta organized by three of...

The multinational financial services company – Mastercard – released a new product called “Crypto Secure.” Its main purpose is to assist banks in preventing fraudulent cases associated with digital assets. Over the past few years, Mastercard has displayed itself as a crypto-orientated company, while some of its executives are keen proponents of the industry. The Next Step The payment services giant doubled down on its cryptocurrency efforts by launching a feature that could...

The United States Securities and Exchange Commission (SEC) imposing a penalty of $1.26 million on reality star Kim Kardashian carries an important message about the regulator’s conviction on cracking down on sketchier corners of the cryptocurrency world. While many in the community acted in disbelief, others felt Kardashian was an easy target and that the SEC should have targeted the creators of EMAX instead. Peter Schiff, on the other hand, had a rather bizarre take on the...

In yet another reversal, Tesla and SpaceX CEO Elon Musk has again agreed to buy Twitter for $54.20 per share – as was initially planned.  Twitter shares climbed 18% in value after the news dropped, following a brief pause in trading.  As reported by Bloomberg, people familiar with the matter claimed that Musk renewed his offer in a letter to Twitter. They asked not to be identified, as they were discussing confidential information.  Musk initially offered to buy Twitter for...

Though Bitcoin’s price has been suppressed for months, this may not necessarily mean that adoption of the asset is slowing down.  On-chain data from IntoTheBlock shows that the number of non-zero Bitcoin addresses has steadily increased since the crypto market peak in November.  People, or Addresses? As the crypto intelligence platform indicates, about 41.9 million addresses currently hold a balance on Bitcoin’s network. That’s narrowly shy of the all-time high of 42.07...

Earlier in the year, Live Bitcoin News reported a major hack on the Axie Infinity network. The company lost more than $600 million in crypto funds, and later analyses suggested the hack had occurred through the efforts of Lazarus, a notorious cybercrime enterprise based in the nuclear state of North Korea. Axie Infinity Comes Out the Winner It appears there is someone above looking out for Axie Infinity as law enforcement agents in the U.S. report having garnered as much...

In a new report, the Financial Stability Oversight Council (FSOC), a regulatory panel comprising leading financial regulators, identified areas in crypto regulation with: limited oversight of the spot market for tokens that are not securities; opportunities for regulatory arbitrage, or benefit favorable rules; if crypto firms should be allowed to integrate multiple services traditionally offered by intermediaries, such as broker-dealers and clearing houses. More Power to Top...

Ripple is on the verge of breaking the 5-month consolidation range. Doing so could cause the bullish rally we saw last month to resume. Technical Analysis By Grizzly The Daily Chart Although XRP concluded the week with a red candlestick, the daily chart suggests an increase in buying pressure. The cryptocurrency hit the descending line (in yellow) 10 days ago, which had been a major barrier over the past 300 days. In hindsight, testing the static resistance at $0.55 (in red)...