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Blockchain The collapse of Terra LUNA/UST, Celsius, Voyager Digital, Three Arrows Capital and the most recent FTX saga has made 2022 a tough and volatile year for many in the industry. According to CoinMarketCap, the total crypto market capitalization has dropped to $821 billion as of the end of November, while on-chain crime has also increased in frequency and sophistication as the industry grows. As of Nov. 22, 2022, there had been 290 security incidents with a total loss of over $3.6 billion, as documented by SlowMist Hacked (an archive of blockchain-related incidents). Regulations have been at the core of…

NFT Cardano Founder Responds to Claims of Low Interest in Cardano NFT. Hoskinson’s sarcastic response comes on the back of NFT.NYC’s decision to move the Cardano NFT panel to the waitlist, citing low interest. Charles Hoskinson, the founder of Cardano, recently delivered a sarcastic response to claims that the Cardano NFT scene sees a low interest compared to NFTs on other networks. Quoting a video of the cNFT conference in Las Vegas from October 9, 2022, Hoskinson sarcastically remarked, “Remember there is zero interest in Cardano NFTs. Just look how empty this Cardano exclusive NFT conference” while tagging the official…

The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the central bank about “unregulated” stablecoins.Speaking at the Peterson Institute for International Economics in Washington on March 9, Vice Chair for Supervision Michael Barr admitted that crypto could have a “transformative effect” on the financial system but added that “the benefits of innovation can only be realized if appropriate guardrails are in place.”According to Barr, the new crypto team will help the Federal Reserve “learn from new developments and…

United States crypto miners could eventually be subject to a 30% tax on electricity costs under a budget proposal by President Joe Biden aimed to “reduce mining activity.”A Department of the Treasury supplementary budget explainer paper released March 9 said any firm using resources — whether they be owned or rented — would be “subject to an excise tax equal to 30 percent of the costs of electricity used in digital asset mining.”One of the few surprises in the Biden budget. A proposed excise tax on electricity usage from crypto mining. Phasing in at 10% in year one and climbing…

NFT GhostMarket has positioned itself as an early adopter of a new Neo Royalty Standard for NEP-11 tokens. This standard, aided in its development by GhostMarket, provides a set of common methods and events that can be easily implemented by NFTs that require royalties. While the standard is still in a draft status and has not yet been assigned a formal NEP number, it has been in development since September 2022 and has received input from several community and Neo core developers. It allows NFT creators to set royalties for their work, which is specified as a percentage of the…

One of the most promising new NFT projects, Sappy Seals, made headlines on NFT Twitter with its new roadmap – and for a good reason. The project founders posted a single photo on Twitter that allegedly includes all of the team’s plans. Now, the community must decipher the meaning behind the mysterious illustration, so are you in too? Sappy Seals’ new roadmap is becoming viral as users try to decipher the real meaning behind each illustration posted on Twitter.  What Is Sappy Seals’ “Grand Plan” All About? “Roadmaps suck; We prefer this.” – that’s how Sappy Seals revealed its new…

After several weeks of delays, Continuum World finally launches the first live version of their game, known as First Explorers. This free to play game mode allows players to gather resources, construct buildings, and complete missions for various rewards! Continuum World launches First Explorers, the initial phase of their gathering and building gameplay. In First Explorers, players harvest materials from land plots, either from the wild, or through a building constructed by a player. Each wild harvest brings in 1-3 different resources based on the type and rarity of the plot. Players can receive harvest bonuses by equipping their Umi…

A federal judge has refused to consolidate several proposed class-action lawsuits against the FTX exchange by investors. According to the judge, the exchange and its defendants have not yet been heard. Excerpt from the order denying the motion to consolidate. Source: Law360On March 8, United States District Judge Jacqueline Scott Corley laid down the order that denied plaintiffs a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange. Despite no defendants opposing the motion, the judge pointed out that not all defendants had the opportunity to respond yet. The order stated: “While Plaintiffs state that no Defendant has filed an…

While United States regulators increasingly scrutinize stablecoins, the community continues to pitch new ideas for stablecoins independent of the U.S. dollar.Arthur Hayes, co-founder and former CEO of BitMEX cryptocurrency exchange, has proposed creating a new stablecoin with a value pegged to the sum of $1 worth of Bitcoin (BTC) and one inverse perpetual swap of BTC against USD. He outlined the idea of the potential Satoshi Nakamoto Dollar (NUSD), or NakaDollar, in a blog post titled “Dust on Crust” on March 8.Unlike major reserve-backed U.S. dollar-pegged stablecoins like Tether (USDT) and USD Coin (USDC), the proposed NakaDollar will not depend…

Danny Cole, the 22-year-old artist behind the NFT hit Creature World is back at it again. Following the successful open edition of his generative art project “Crowd” on OpenSea, Cole has announced the arrival of Chapter 2. Cole expressed his gratitude via Twitter for the overwhelming response to “Crowd” and his excitement for the future of the project. “Crowd” by Danny Cole sold extremely well on OpenSea. Credit: Jing Daily. What is “Crowd” by Danny Cole? “Crowd” is an NFT art project first released on OpenSea in 2023 as part of Creature World. The artwork celebrates the “beauty of togetherness,”…