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Earlier this week, Yuga Labs teased a new game, Dookey Dash, which has seen Bored Ape Yacht Club NFTs sales spike. It’s not only BAYC NFTs but those of related projects that are required to participate in the game. Dookey Dash is a skill-based web game that requires a Yuga Lab’s associated NFT to participate. Top scores are likely to earn rewards, even though these details are yet to be disclosed.A tweet shared on the Bored Ape Yacht Club’s official Twitter handle read:Apes, stretch your eyeballs and warm up your scroll muscles — lots of new info about next week.…

A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution. The United States District Court for the Southern District of California ordered the restitution for the “massive” scheme on Jan. 12, according to a release on the same day by the Department of Justice (DOJ).Around 800 victims of the scheme from 40 countries will be able to receive a small slice of the $17 million restitution, a term that refers to returning property or the monetary…

Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare over a possible merger.In a statement on Jan. 12, WonderFi responded to a Bloomberg report suggesting the two exchanges were in “advanced merger talks” to “create a Canadian crypto giant.”WonderFi clarified that the discussions were “preliminary” at this stage, adding that it cannot guarantee that an agreement will be reached.Cast your vote now!“In response to the press speculation, the Company acknowledges that it has held preliminary discussions with various third parties with respect to…

Eight major media companies — including Bloomberg, the Financial Times and Reuters — have demanded public disclosure of the two individuals responsible for guaranteeing FTX former CEO Sam Bankman-Fried’s $250 million bond. In a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan, attorneys from Davis Wright Tremaine LLP — acting on behalf of the media giants — argued that “the public’s right to know Bankman-Fried’s guarantors outweighed their privacy and safety rights.””The public […] has an interest in knowing who it is that provided Mr. Bankman-Fried with financial backing.””[Particularly] given Mr. Bankman-Fried’s close relationships with leaders of the financial industry,…

Despite the crypto winter, nonfungible tokens (NFTs) continue to draw interest. This has become apparent as many brands and retailers have started to offer digital NFTs attached to physical products. Known as “phygitals,” these offerings allow real-world products to be tied to digital NFTs. For example, RTFKT — a digital fashion and collectible company — recently launched a project called Cryptokicks iRL. According to sources, RTFKT is creating digitally-designed sneakers backed by a physical product. RTFKT’s official Twitter account recently tweeted that Lace Engine NFT holders will be able to reserve a pair of Cryptokicks iRL, which can then be redeemed…

South Korean tech giant LG Electronics announced that it has teamed up with cloud-based technology platform Oorbit and Pixelynx — a company building an integrated music, gaming and Web3 ecosystem — to bring the metaverse directly into the living rooms of viewers.Announced just in time for #CES2023, we’re excited to announce that we have partnered with @LGElectronics to bring interoperable gaming and social experiences directly to your LG Smart TVs.READ: https://t.co/nppJZe650B— Oorbit (@OorbitOnline) January 4, 2023 The collaboration is set to allow viewers to explore interconnected virtual worlds, concerts and artificial intelligence multiplayer games through their LG TVs, making it easier for…

Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly designed to milk capital out of their fans pockets, while delivering very little.Tai Lopez — OG (Original Garage) Social ClubFirst on the list is the oddball entrepreneur Tai Lopez, best known for his cheesy marketing campaigns that used to plague YouTube not so long ago.Lopez’s…

Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything but broken.Some of the most significant partnerships to date were sealed throughout 2022, with even a few unexpected institutions — JP Morgan, for instance — embracing the Web3 revolution despite their proverbial distaste for the decentralization concept.Here’s what you need to know about the influential developments, projects and events that shaped the metaverse in…

Cointelegraph looks back on the best and worst-performing cryptocurrencies of 2022 among the top 100 assets by market capitalization. We used the highest and the lowest year-to-date (YTD) returns through the close of Dec. 25, 2022.Overall, Cryptoindex.com 100 (CIX100), an index that tracks the 100 best-performing cryptocurrencies, fell nearly 68% YTD, suggesting most top coins underperformed in 2022.CIX100 weekly price chart. Source: TradingViewStablecoins are naturally omitted from the list below. Similarly, coins tracking the value of gold and similar mainstream assets have also been ignored. Instead, the coins mentioned below include decentralized currencies, smart contract tokens, exchange tokens and others.Top…

Investment giant Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a nonfungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.This is according to three trademark filings submitted to the United States Patent Trademark Office (USPTO) on Dec. 21, which was highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet. #Fidelity has plans for the metaverse!The company has filed 3 trademark applications covering▶️ NFTs + NFT Marketplaces▶️ Metaverse Investment Services▶️ Virtual Real Estate Investing▶️ Cryptocurrency Trading … and more!#NFTs #Metaverse #Crypto #Web3…