screenshot: Build A Rocket Boy / Gamescom The first game of Gamescom’s Opening Night Live was Everywherea shooting game led by the producer of the Grand Theft Auto series. However, the announcement and developer interview was so vague that many people started speculating that the game might be hosted on the blockchain. Today, the developers … Read more
Image: Gamestop / Krystian Majewski / Kotaku GameStop has once again proven with their NFT shenanigans that an unregulated market built on planet-destroying technology is, and this may shock you, not a terribly great idea. In a thorough report from Ars-Technica, the GameStop NFT marketplace is yet again the topic of controversy as an NFT … Read more
Image: GameStop GameStop celebrated the launch of its NFT marketplace on Monday. Its Ethereum-based depot for virtually autographed JPEGs arrived just days after the meme stock giant ruthlessly laid off more employees, and based on my short tour through its website, it’s also still a little broken in places. No one can quite seem to … Read more
Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a rally in digital assets on Friday as cryptocurrency traders seemed to turn firmly bullish after weeks of prices under pressure. The price of Bitcoin rose 5% over the past 24 hours to $21,500. The largest digital asset moved as high as $22,400 … Read more
Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have consolidated above a key level as most cryptocurrencies rose on Thursday, helped along by slow but steady gains in the stock market. The price of Bitcoin rose 2% over the past 24 hours to above $20,500, having reclaimed the $20,000 mark on Wednesday … Read more
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the US Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows Capital is one of the biggest casualties of the latest so-called “crypto winter”. The digital asset ecosystem has been hit by … Read more
Image: Golden Sikorka (Shutterstock) We were so close. As the NFT market suffered one meteoric crash after anotherand as some crypto-based games lost money by the hundreds of millions, it seemed for a second there that the gaming industry might come to its senses. Goal no. This week alone saw two major parties unveiling a … Read more
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more
(Kitco News) “Anything that crypto can do, CBDCs can do better” is the sentence that describes the Bank for International Settlements’ vision for the future monetary policy system. The future of money is all about central bank digital currencies (CBDCs), not crypto. And that’s because of all the flaws that cryptocurrencies … Read more
With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame? See: Bitcoin slumps below $20,000 as cryptocurrency rout rolls on US federal regulators say 46,000 people have reported losing $1bn in crypto to scams since … Read more