Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Kieran Warwick, the creator of GameFi project Illuvium, which was valued at slightly under $900 billion as of April 1st based on publicly available data. This is what he had to share with us. 1. What is the biggest challenges preventing blockchain technology from being widely used? Our greatest obstacle is the user experience. Although … Read more
Although Blizzard claims not to use AI in its main MMO, the company does use it for repetitive chores that boost player creativity in games. Like other major motion picture studios and companies, gaming behemoth Blizzard Entertainment is using generative AI to create characters and locations for a variety of games, but it stops at … Read more
Almost two years have passed since the shocking collapse of the now-defunct cryptocurrency exchange FTX, which caused over nine million customers’ wallets to lose $10 billion. A ray of optimism appears from the FTX bankruptcy estate as it expresses confidence in eventually repaying its clients, while claims wait in limbo for reimbursement. FTX Bankruptcy Estate … Read more
Rumors and provocative remarks are flying in Russia and Brazil ahead of the much-awaited BRICS Summit in October. As Brazil’s Mauro Vieira and Russia’s Sergey Lavrov get ready for their meeting in Kazan this year, the entire world is watching with great anticipation. This international conference is intent on promoting change, and they don’t seem … Read more
The aircraft’s original purchase prices were $15.9 million and $12.5 million, respectively, although the exact financial details are still unknown. Prosecutors are moving to liquidate two opulent airplanes before concluding forfeiture processes in a recent development in the US government’s legal struggle with Sam “SBF” Bankman-Fried, the former CEO of FTX. The action was described … Read more
Co-founder of Ethereum Vitalik Buterin suggests raising the bar for Ethereum network standards while assessing layer-2 scaling options. Vitalik Buterin, a co-founder of Ethereum, proposes enhancing the criteria for what defines a rollup in the Ethereum network. He underlines that developers should give decentralization initiatives top priority, with the goal of making substantial advancements in … Read more
AI, hailed for its transformative potential in various aspects of life, has generated widespread excitement among consumers and businesses. However, akin to the early days of the internet, users are embracing AI without fully considering the implications for their personal data privacy. The Top Three Data Privacy Issues Facing AI 1. Prompts aren’t privateChatGPT and … Read more
About six hours following the hack, the hacker’s on-chain message emerged. Yet, blockchain security firms observed that the hacker had initiated the process of exchanging the pilfered funds for Ether. The hacker responsible for the $11.6 million breach of decentralized finance (DeFi) platform Prisma Finance is asserting it was a “whitehat rescue” and is seeking … Read more
These nations express significant worry over their heavy dependence on remittances and the negative consequences of decreased correspondent banking connections. The IMF underscores the potential benefits of digital currencies like stablecoins and CBDCs for improving financial inclusion and services in the Pacific Islands. In a recent report published on March 25, the IMF explores how … Read more
Copper, a leading crypto custody firm, has become embroiled in controversy within the fintech and cryptocurrency sectors due to a recent sushi event. The event, which has drawn widespread criticism for its perceived insensitivity and poor judgment, featured sushi served on the bodies of models dressed in thin bodysuits. In response, Copper has publicly apologized … Read more