Yuga Labs halts CryptoPunks project after ‘woke’ community backlash
A community member said that Yuga Labs killed CryptoPunks with the new Super Punk World collection, while another threatened to sell their punk NFT.
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Crypto market sinks by $300B while Bitcoin transactions near 3-year low
Bitcoin transactions are in rapid decline as the cryptocurrency market continues to shed value since its recent peak. 6129 Total views 5 Total shares The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion losses for the week. Momentum pushed the global market cap down since Bitcoin (BTC) hit…

Reddit Co-Founder Leads $5M Funding Round for Blockchain Game Developer
On March 7, Horizon Blockchain Games announced it has raised $5 million a fundraising round led by Initialized Capital — the investment firm co-founded by Reddit co-founder Alexis Ohanian. The raise comes ahead of the release for Horizon’s blockchain-based card game SkyWeaver.In the blog post, Horizon Blockchain Games co-founder Peter Kieltyka stated that the funds…

US lawmakers urge EPA to consider the potential benefits of crypto mining
“Digital assets, and their related mining activities, are essential to the economic future of the United States," said the group of 14 lawmakers. 319 Total views 24 Total shares A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits…

India: Police Arrest Suspects in Alleged $14 Million Crypto Scam
Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17.The case reportedly led to the freezing of several accounts in the country and to the arrest of four individuals…

Crypto insurance a ‘sleeping giant’ with only 1% of investments covered
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive. 454 Total views 46 Total shares While on-chain insurance has been around since 2017, only a measly 1% of all crypto investments are actually covered by insurance, meaning the industry remains…

US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister
Do Kwon may have to serve time in Montenegro if convicted of charges related to forged identification documents before any extradition to the U.S. or South Korea is granted. 216 Total views 2 Total shares Own this piece of history Collect this article as an NFTAuthorities from both the United States and South Korea have…

Bitcoin miner Hut 8 lands $150M investment amid AI boom
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing.

Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday
The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy…