More than 50% of validators signal to increase ETH gas limit
The Ethereum community has been debating whether to increase the gas limit, with some saying it would reduce fees, while others were worried it could destabilize the network if raised too high.
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IRS authorized to access information on Circle’s crypto traders to nab tax cheats
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020. 4522 Total views 23 Total shares A U.S. federal court has granted authorization to the Internal Revenue Service, or IRS, to serve a John Doe summons to fintech firm Circle…

Blockchain Fantasy Football Game Partners With Italian Soccer Club S.S. Lazio
Blockchain-based fantasy soccer game Sorare has signed a licensing agreement with Italian Serie A football team S.S. Lazio.According to an announcement on March 17, the partnership will see official Lazio collectibles launched on the Ethereum blockchain.Unique Sorore cards have sold for more than $1,000Sorare creates limited edition tokenized representations of soccer stars on the Ethereum…

Analyst says DeFi and stablecoins held up well as crypto markets imploded
The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite rapidly declining token prices, the nascent DeFi sector held its own as decentralized exchanges experienced…

90% of GameFi projects are ruining the industry’s reputation
The GameFi industry is set to unleash its massive potential within the next six years. According to Absolute Reports data, its estimated value will grow to $2.8 billion by 2028, with a compound annual growth rate of 20.4% in the same period.It’s a quieter and perhaps less scandalous branch compared to the more newsworthy centralized…

SEC asks for 28 more days to respond to Coinbase's appeal
The SEC has requested an additional 28 days to review Coinbase's appeal in their legal battle that has been ongoing since June 2023.

Bitcoin ETF impulse fuels ‘fantastic’ $29K BTC price breakout
Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost.BTC/USD 1-hour chart. Source: TradingViewAnalyst: $29,000 becoming fakeout "very unlikely"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $29,014 on Bitstamp — its highest since May 7.The pair enjoyed continued buyer interest overnight, this coming on the back of multiple…

ENS domains surpass BAYC’s trading volume: Nifty Newsletter, Aug 31–Sept 6
In this week’s nonfungible token (NFT) newsletter, read about OpenSea and its commitment to the Ethereum Merge. Check out a project that aims to introduce Web3 to the opera scene and how ENS domains surpassed Bored Apes in trading volume. In other news, learn about how the NFT giveaway of Rug Pull Finder was exploited.…

‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos
Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan. 384 Total views 2 Total shares China’s central bank digital currency is expected to further exacerbate Macau’s declining gambling revenues.According to a Dec. 2 article from Bloomberg, junkets — Macau businesses…