Tag: Business

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Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO

“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley. Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. …
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‘Great cryptocurrencies have to go through several collapses,’ says Cardano founder

According to Charles Hoskinson, projects that have survived both bull and bear markets over the years were “resilient under an adversarial load” — and many DeFi protocols weren’t. Charles Hoskinson, the founder of Cardano and one of the co-founders of Ethereum, said one of the biggest lessons crypto users could take away from the collapse…
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Core Scientific may consider bankruptcy following uncertain financial condition: Report

The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties. Bitcoin mining firm Core Scientific is reportedly considering a potential bankruptcy amid a group of its convertible bondholders consulting restructuring lawyers. According to a Nov.…
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Fortune did not, in fact, favor the brave: Matt Damon’s Crypto​.com TV spot turns 1

Many in and out of the crypto space have parodied Matt Damon’s appearance promoting the crypto exchange following the market downturn in May. The crypto industry has had its share of issues with marketing, from projects many authorities labeled scams to high-profile branding with sports franchises, but one ad that has stood out came from…
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THORChain network resumes following 20-hour chain halt

The network was halted on Oct. 27 after the team said a bug had caused “non-determinism between individual nodes.” Cross-chain exchange and proof-of-bond network THORChain announced it was once again “fully operational” after an outage of more than 20 hours In an Oct. 28 tweet, the THORChain team said the network was “back online and…
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Crypto users renew calls for Satoshi Nakamoto to win Nobel Memorial Prize for economics

Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi’s true identity remains unknown. Bitcoin (BTC) enthusiasts on social media platforms have reiterated their annual petition to have the Nobel Memorial Prize in Economic Sciences awarded to Satoshi Nakamoto. On Oct. 10, the…
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Crypto.com downsizes some sports partnership deals amid market downturn: Report

The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals. Cryptocurrency exchange Crypto.com has reportedly reduced the scale of many of its sponsorship deals with sports organizations amid staff cuts and the market downturn. According to an…
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Bitcoiner claims to have found ‘long lost Satoshi Bitcoin code’ with personal notations

According to Jim Blasko, he was able to uncover raw data and files from Bitcoin v0.1 including notations from Satoshi Nakamoto using “a little browser hacking.” Jim Blasko, a crypto enthusiast, has claimed to have unearthed “the official oldest known uploaded copy of Satoshi’s Bitcoin” code, originally uploaded in August 2009. In an Oct. 7…
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Distribution of assets is ‘not possible at this time’, says Luna Foundation Guard

The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers. The Luna Foundation Guard, or LFG, a fund focused on the Terra ecosystem, has said it cannot provide a timeline to distribute assets to users following stablecoin TerraUSD depegging…
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Mt. Gox trustee sets registration deadline of Jan. 10 for repayment selection

Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced the options for repayment. Creditors from the defunct crypto exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan by which they will be compensated…
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