September 30, 2022

The feds are coming for the metaverse — from Axie Infinity to Bored Apes

[ad_1] The metaverse is a futuristic iteration of the internet, featuring a digital economy and an immersive virtual environment alongside other interactive features. This relatively nascent space has gained so much traction in recent years that conservative estimates suggest that by 2024, its total valuation could top $800 billion. Meta (the parent body behind Facebook …

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So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention

[ad_1] For bulls, Bitcoin’s (BTC) daily price action leaves a lot to be desired, and at the moment, there are few signs of an imminent turnaround.  Following the trend of the past six or more months, the current factors continue to place pressure on BTC price: Persistent concerns of potential stringent crypto regulation. United States …

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CFTC takes legal action against Digitex futures exchange and CEO

[ad_1] The United States Commodity Futures Trading Commission, or CFTC, filed a complaint against Digitex LLC and its founder and CEO Adam Todd for failing to register the cryptocurrency futures exchange and manipulating the price of its DGTX token. According to a Sept. 30 court filing in the Southern District of Florida, Todd allegedly pumped …

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Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was

[ad_1] Amber Group has reproduced the recent Wintermute hack, the Hong Kong-based crypto finance service provider announced on its blog. The process was fast and simple, and used hardware easily accessible to consumers. Wintermute lost over $160 million in a private key hack on Sept. 20. Reproducing the hack can help “build a better understanding …

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What is regenerative finance (ReFi) and how can it impact NFTs and Web3?

[ad_1] On Sept. 30, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.  As a “mission-driven movement,” Mutmainnah explains that ReFi enables users to redefine their relationship with the current financial system …

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DeFi needs appropriate regulation before moving to retail, says Fed Chair: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. United States Federal Reserve chairman Jerome Powell has given his verdict on the evolution of the DeFi market, claiming there is a definite need for robust regulation before …

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Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses

[ad_1] Bitcoin’s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals. In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers. 2021 bull market coins “have been sold aggressively” As …

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Crypto and decentralization could influence voters in 2022 US midterm elections: Report

[ad_1] A poll of 800 likely midterm voters in four U.S. swing states suggested that the overwhelming majority favored ideas around decentralization, and many were HODLers. According to a Sept. 29 report from venture capital firm Haun Ventures on a survey conducted by business intelligence company Morning Consult, roughly one in five voters polled in …

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MicroStrategy takes its BTC maximalism to the next level with new engineer hire

[ad_1] MicroStrategy, the business intelligence and tech company that holds the world’s largest Bitcoin reserve, is hiring a Bitcoin Lightning software engineer to create a Lightning Network-based software-as-a-service platform.  The new engineer will be responsible for building a Lightning Network-based platform to address enterprises’ cybersecurity challenges and enable new e-commerce use-cases, according to a job …

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