DraftKings kills NFT business, citing 'legal developments’
It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.
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Q1 2022 venture capital activity in crypto set to outpace 2021
The first quarter of 2022 saw unprecedented growth in terms of venture capital activity in different blockchain sectors. In 2021, venture capitalists poured in over $30 billion into infrastructure, nonfungible tokens (NFTs), decentralized finance (DeFi), centralized finance (CeFi) and Web3. That set the bar pretty high if 2022 was going to beat it. In the…

Unconfirmed transactions on Bitcoin network at highest level since 2017
Hash rate has also tumbled on the Bitcoin network. 2808 Total views 22 Total shares The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions.According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest…

The singularity: How AI could become the final boss whale of crypto
World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected.

BitTorrent Adds Binance USD as a Payment Option
BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB. BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option.As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with…

Hackers got away with $440M in 28 exploits in Q3: Report
The number of cryptocurrency hacks and the recovery rate for funds set three-year lows in Q3 2024.

Animoca Brands raises $5M for NFT marketplace, Quidd
Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX offering (IDO). The token sale took place on Polkadot project incubator Polkastarter on Nov. 18. The allotment of 2 million QUIDD tokens at a price of US$0.25 per token…

Court says Bitcoin mining host can’t block tenant access to its rigs
A Delaware court has granted a temporary reprieve to a Pennsylvanian Bitcoin mining firm currently in a payment dispute with its hosting company — barring the hosting provider from blocking access and otherwise commandeering the miner’s 21,000 rigs at the property. Vice Chancellor Morgan Zurn granted a temporary restraining order on March 12, requested by Bitcoin

Exchange outflows hit historic highs as Bitcoin investors self-custody
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. 818 Total views 5 Total shares Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s second-largest crypto exchange last week.On-chain exchange flow data is showing a surge in withdrawals…