France considers ban on crypto betting platform Polymarket

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10.Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive…

Digital asset sporting project Chiliz has announced the launch of the Scoville testnet for the newly-established layer-1 blockchain network Chiliz Chain 2.0, also known as CC2.CC2 will seek to advance the Web3 capabilities of high-profile sporting and entertainment firms to create nonfungible token (NFT) and fan tokens, construct decentralized finance (DeFi) applications and play-to-earn (P2E) games,…

Terraform Labs is the founder of US Dollar Terra (UST), an algorithmic stablecoin that lost its peg in May 2022. 397 Total views 20 Total shares Own this piece of history Collect this article as an NFTAlbright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of…

The latest revolt against the controversial BitPay appears to result in open-source competitor BTCPay getting its business. 882 Total views 28 Total shares Cryptocurrency payment processor BitPay has lost a major customer before it even began accepting any payments after a social media backlash.In a Twitter debate on May 15, computer manufacturer Pine64 said that…

The Australian crypto exchange had $23.4 million of digital assets locked on FTX when it collapsed and FTX's Australian subsidiary went into administration. Own this piece of history Collect this article as an NFTAustralian cryptocurrency exchange Digital Surge appears to have narrowly avoided collapse, despite having millions of dollars in digital assets tied up in…

If you look at crypto assets’ price movements as a series of isolated events, the picture is messy. Sure, some traders can occasionally win big off one-time events or thanks to sensing a meme-inspired trend.In the long run, however, most of these “fortuitous” traders tend to lose.Why? Because they have to pick big-time winners to…

New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees. 1102 Total views 17 Total shares High gas prices have become a problem for non-fungible token (NFT) marketplaces, especially as they look to mint at scale, the founder of a start-up said. Sean Papanikolas, founder of NFT marketplace Cargo, told Cointelegraph in…

An initiative helped to implement a Bitcoin-powered economy amid the COVID-19 crisis. 560 Total views 16 Total shares El Zonte, a village located in El Salvador, was hit hard by the COVID-19 pandemic. In response, the community implemented an economic system based in Bitcoin (BTC).According to a report published by Forbes, the community’s BTC-powered economy…