Down to $200 one day, Pixels founder had $2.4M the next: Luke Barwikowski, X Hall of Flame
Pixels founder Luke Barwikowski had just $200 left in his account when Animoca invested $2.4M. The Web3 game’s FDV later hit $2.65B.
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CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase
The agency’s $365 million proposed FY2023 budget includes significant allocation for CPAs and whistleblowers. 173 Total views 4 Total shares The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission…

Coreum: How a 7,000 TPS Blockchain Is Shaping the Future of Regulated Finance
A new report by Cointelegraph Research explores Coreum’s role in institutional blockchain adoption. It analyzes the project’s technical architecture, compliance framework and its potential impact on regulated asset tokenization. The report presents insights into transaction efficiency, security mechanisms and crosschain interoperability. It also evaluates how Coreum fits into the evolving financial landscape. Blockchain evolution and

Sam Bankman-Fried files memo asking court to block prosecutor evidence
The FTX founder has filed a memorandum asking the court to deny recent requests filed by the Department of Justice, calling them “unworkable.” 427 Total views 2 Total shares Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine

Active user wallets on Ethereum DeFi have dipped 40% in one month
Wallets interacting with Ethereum-based decentralized finance protocols have dipped significantly since mid-February. 238 Total views 1 Total shares According to DappRadar, the unique active wallet count on the Ethereum DeFi market has seen a significant drop. Between mid-February and the time of writing, unique active wallets on Ethereum DeFi have dipped almost 40%.While Ethereum (ETH)…

How Bitcoin can help secure proof-of-stake blockchain protocols
Stanford University professor David Tse has pioneered a way to use Bitcoin to secure proof-of-stake blockchains. The proof-of-work consensus mechanism of Bitcoin (BTC) could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols thanks to efforts from a Stanford University professor.David Tse and his research team are driving the use…

Deloitte dives into immersive experiences as more industries turn to Web3
Immersive experiences are already popular in the entertainment, gaming, and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations. Deloitte made this bet in late February when it announced a partnership with virtual spaces company Vatom to offer immersive…

MakerDAO increases DAI yield in a bid to boost demand
The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. 58 Total views 1 Total shares A proposal seeking to temporarily increase the interest rate granted to holders of stablecoin Dai (DAI) was approved by the MakerDAO community on July 27, raising yields for tokenholders…

Decentralization meant sanctions couldn’t ‘pull the plug’ on Tornado Cash: Chainalysis
Sanctions aimed at decentralized crypto mixer Tornado Cash weren’t able to completely cut off its usage, though it has hamstrung the service, a blockchain analytics firm has shared.On Aug. 8, the Office of Foreign Assets Control (OFAC) announced sanctions against the crypto mixer for its role in the laundering of crime proceeds.In a report published…