Author: Jeremy Ryan

Blockchain Japanese conglomerate SoftBank has become a validator of the Oasys gaming blockchain. Senior vice president and CIO of SoftBank Keiichi Makizono said that the parties “will work together to explore the development of blockchain-based services for the gaming industry.” What exactly is meant by blockchain-based services is not specified. Bandai Namco Research, SEGA, Square Enix and Netmarble are among the 21 original Oasys validators. Softbank added along with three more companies, bringing the total to 25. The Oasys blockchain is built on a proof-of-stake algorithm. This means that not miners, but validators are needed to verify the data. To…

Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sam Bankman-Fried (SBF)” and two of his entities, FTX and Alameda Research, in a newly proposed class-action lawsuit.The proposed class-action lawsuit was filed in the United States District Court for the Northern District of California on Feb. 14 by lawyers representing a San Francisco-based FTX user who was frozen out of around $20,000 in crypto when the exchange collapsed last year.Plaintiff Soham Bhatia alleges that Silvergate Bank, its parent company Silvergate Capital Corporation and CEO Alan Lane were aware of…

Blockchain Important news for the crypto sector: Zeta has integrated Chainlink Price Feeds on Solana‘s mainnet. Blockchain oracles are at the heart of many decentralized finance protocols. They provide applications like Zeta with secure and reliable financial data that can be used on-chain, enabling the creation of innovative and open financial products. Chainlink Price Feeds on Solana’s mainnet: resilience and security Chainlink data feeds on Solana: how it works Nereus Finance also integrates Chainlink pricing feeds Chainlink Price Feeds on Solana’s mainnet: resilience and security The integration of Chainlink Price Feeds on the Solana mainnet will initially use the following…

Adult animated series ‘The Nouners’ marks a major milestone in the world of NFTs and television. This creative project from Nouns, the open-source intellectual property (IP) built on Ethereum NFTs, was brought to life by independent artists and made possible thanks to a $15,000 grant from the Nouns DAO community. The result is a one-of-a-kind experience that blends classic animation with the innovative technology of NFTs.‘The Nouners’ represents a bold new direction in the world of NFTs and sets the stage for a future of limitless creative potential. With its unique blend of style, technology, and storytelling, the show is sure…

Japan’s gaming giant is building a new experience called ‘Symbiogenesis’ on the Polygon blockchainSquare Enix is building its new NFT gaming experience on the Polygon blockchain. Indeed, the creator of Final Fantasy and countless other classics will launch its first NFT-driven experience in Spring. Symbiogenesis producer Naoyuki Tamate said in a statement: “Symbiogenesis was designed from the ground up on the blockchain and is designed to provide an exceptional experience for both community building and trading.” “Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans.”Symbiogenesis the NFT…

Users of bankrupt crypto exchange FTX have reportedly taken aim at financiers who promoted the platform, suggesting their efforts added an “air of legitimacy” to the now-defunct exchange in a case labeled as “tricky” by a crypto lawyer.A Feb. 15 Bloomberg report revealed a class-action suit filed Feb. 14 by FTX investors against venture capital firm Sequoia Capital and private equity firms Thoma Bravo and Paradigm.The investors accused the firms of touting “their own investments” of hundreds of millions of dollars in FTX.It was alleged the firms were involved in a promotional marketing campaign in 2021, which the investors alleged added…

NFT A new Ordinal minted on the Bitcoin blockchain network, inscription 2042, consists of a one-second audio clip capturing the sound of a wet fart. What are Bitcoin Ordinals? Launched in January by software engineer Casey Rodarmor, Ordinals are essentially a protocol that allows for data to be stored on Bitcoin’s blockchain network. Think NFTs but for Bitcoin. They’re so new you can’t even buy them via a marketplace like OpenSea. They require special Bitcoin Ordinal wallets to store and trade, but this has not stopped people from uploading strange and uncanny files to the Bitcoin network. So far, there…

The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for “fraud, recklessness, gross mismanagement and self-interested conduct” that eventually led to the collapse of the crypto lender.In a proposed complaint filed in a New York Bankruptcy Court on Feb. 14, attorneys representing the Official Committee of Unsecured Creditors said the move follows six months of investigations into Celsius’ current and former directors, officers and employees.The committee is made up of seven Celsius account holders and was appointed by the U.S. Trustee in July. The committee represents the interest of Celsius account holders…

Mining Fellow Binancians, Binance is launching a new batch of Cloud Mining products for BTC mining. Users may now complete subscriptions to Cloud Mining products to purchase hashrates, and start accumulating mining rewards in their Funding Wallets. Subscription Starts At: 2023-02-16 02:00 (UTC) Subscription Format: First-come, first-served basis Estimated Mining Start Time:2023-02-23 04:00 (UTC) Subscribe & Earn BTC Mining Rewards Now! Related Links: How to Complete Identity Verification (KYC) How to Use Binance Cloud Mining Mining Pools Explained Binance Cloud Mining Terms of Use Terms and Conditions: Users must have their accounts verified to complete subscriptions to Cloud Mining products.…

Despite attempts to police cryptocurrency through enforcement actions, United States financial regulators “are bound by legal reality” and Congress will ultimately decide crypto regulations, the policy expert for the crypto advocacy group Blockchain Association says.The association’s chief policy officer, Jake Chervinsky, shared his views in an extensive Feb. 14 Twitter thread on the state of crypto policy.He noted neither the Securities and Exchange Commission nor the Commodity Futures Trading Commission “has the authority to comprehensively regulate crypto.”14/ No matter how many enforcement actions the SEC and CFTC bring, they are bound by legal reality:Neither has the authority to comprehensively regulate…