Atari founder’s new firm partners with Skale Labs for gasless blockchain gaming
According to Web3 gaming firm Moxy, the deal will save the company around $3.5 million in gas fees annually.
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Reddit community tokens soar on Kraken listing
The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation. 288 Total views 22 Total shares Moon and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an…

Ethereum 2.0 Release Date Set for the Eleventh Hour as Issues Persist
The launch of Ethereum (ETH) 2.0 may be delayed yet again after developers rescheduled the network’s proof-of-stake algorithm upgrade for June 2020, as reported by Cointelegraph on May 15. Taking into account all of the factors surrounding the highly anticipated launch, the statements made by the development team can be construed as an almost official…

OpenAI looking at producing AI chips in-house: Report
OpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips. 158 Total views 3 Total shares OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce

Cop intercepts $40,000 Bitcoin ATM scam by Chase Bank impersonator
The officer intervened during the Bitcoin ATM deposit, preventing the victim from depositing more funds to the machine.

Texas Regulator Warns of New Crypto Frauds Amid Coronavirus Outbreak
The Texas State Securities Board (TSSB) has issued a warning on March 23 about crypto scams that have emerged in the wake of the COVID-19 pandemic.The report refers to different types of scam, among which are those related to crypto investments that promise high returns in the midst of the coronavirus crisis.Coronavirus-related scam methodsAmong other scams,…

Crypto Hedge Funds Doubled Assets Under Management in 2019, PwC Report Says
Cryptocurrency hedge funds’ assets under management doubled in 2019, but the launch of new funds depends on Bitcoin prices. The “2020 Crypto Hedge Fund Report,” published on May 11 by PwC and Elwood Asset Management Services Ltd., said that cryptocurrency hedge funds’ assets under management doubled in 2019. According to the survey, total assets under management in…

Polygon CDK to power Web3 loyalty program for Indian e-commerce Flipkart
Flipkart shared plans to use Polygon CDK as the base to build an Ethereum-based ZK layer-2 network, which can help the e-commerce platform scale future growth and streamline its service. 120 Total views 2 Total shares India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program.On Dec.

How crypto is attracting some institutional investors — Huobi Global sales head
“I think everyone is in agreement now that crypto is going to be around for the long term,” said James Hume. 772 Total views 15 Total shares James Hume, head of sales at Huobi Global, said that while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the…