Yield Guild Games said tough crypto and video game market conditions mean its YGG Play business is no longer commercially sustainable. Crypto gaming company Yield Guild Games says it has shut down its crypto game publishing arm, YGG Play, and will instead focus on feeding data to artificial intelligence. Yield Guild Games said Monday that...Continue Reading

One crypto trader noted the $2 million loss could have been prevented had the victim read the transaction route before signing the transaction. A trader who swapped $2.01 million worth of Ether on a decentralized exchange has been left with just $14,500 worth of tokens after a router directed the order through a low-liquidity pool,...Continue Reading

US President Donald Trump once called Bitcoin “a scam,” but admitted on Monday that he got involved in crypto “a little bit for politics.” US President Donald Trump says he got involved in crypto “for politics” and became pro-crypto after seeing how much money the industry was making. At a press conference in the Oval...Continue Reading

Blockchains will face increasing pressure to compromise on decentralization to meet user demand for speed and scalability, Injective CEO Eric Chen said. Layer-1 blockchains will come under increasing pressure to sacrifice decentralization for speed and efficiency as adoption of the technology grows, according to Injective CEO Eric Chen. This pressure will come from the need...Continue Reading

The report follows comments from White House crypto adviser Patrick Witt in May, who said the administration was examining the legal implications of creating a Bitcoin reserve. The Trump administration’s push to establish a US Strategic Bitcoin Reserve has reportedly hit a roadblock, as the Commerce and Treasury departments are at odds over how the...Continue Reading

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling. Bitcoin (BTC) fell from nearly $64,000 on Sunday to about $62,000 on Monday, and the primary trigger behind the move appeared to be a SEC disclosure showing Strategy’s largest ever sale of 3,588...Continue Reading

Bollinger Bands creator John Bollinger says the charts suggest Bitcoin could take off from here. Vitalik Buterin unveils a new Ethereum strawmap, but why is it taking so long? Michael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing...Continue Reading

Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned. Key takeaways: Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders’ sentiment, the additional $216 million cash position eased concerns about the...Continue Reading

The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs. Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote...Continue Reading