The company is facing a cash flow crisis due to tough market conditions. According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies. The notice alleged that Iris Energy failed to “engage in...Continue Reading

Finding a sustainable GameFi model is still challenging, as user experience ranks at the top of industry concerns. GameFi’s constantly evolving model could make “today’s AAA game companies look like peanuts”, said Jack O’Holleran, CEO of Skale  a multichain Ethereum native network that powers Web3 games. In fact, blockchain-based games and metaverse projects are showing...Continue Reading

The court was unmoved by LBRY’s objections that the regulator’s claims were unfounded and it was not given the chance to operate in compliance with SEC requirements. A United States District Court ruled in favor of the Securities and Exchange Commission (SEC) Nov. 7 in its case against blockchain-based file-sharing and payment network LBRY. The...Continue Reading

BTC bears have successfully suppressed Bitcoin price below $25,000 for 147 daily closes, but derivatives data shows no desperation from pro traders 147 days have passed since Bitcoin (BTC) closed above $25,000, and the result is that investors are less sure that the $20,000 support will hold. Backing these concerns are persistent global financial and...Continue Reading

Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections. The United States will go to the voting booths on Nov. 8 to decide the fate of all 435 members of the House of Representatives and 34 out of the 100 Senate seats. The...Continue Reading

It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior. According to a new post by blockchain security firm SlowMist on Nov. 7, it appears that the last week’s token exploit affecting GameFi project Gala Games resulted from a public leak of applicable security keys on...Continue Reading

Trademark applications filed for NFTs alone grew from a total of 2,142 filed for 2021 to 6,855 by the end of October 2022. The number of companies filing trademarks for nonfungible tokens (NFTs), metaverse-related virtual goods and services, and cryptocurrencies has grown rapidly in 2022.  According to data compiled by licensed trademark attorney Mike Kondoudis, the...Continue Reading

FTX’s founder denied liquidity issues with FTT token and claimed to be the victim of false rumors. FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that “a competitor is trying to go after the cryptocurrency exchange with false rumors”, while also calling for collaboration with the rival exchange...Continue Reading

“Let us envision that better future and build a digital euro that works for all Europeans,” said the queen in virtually addressing members of the European Commission. Máxima Zorreguieta Cerruti, Queen of the Netherlands, said she was encouraged by the work the European Central Bank had accomplished in its efforts to launch a digital euro. ...Continue Reading

U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin. The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in...Continue Reading