Author: Jeremy Ryan

The approach to crypto regulatory enforcement by the United States Securities and Exchange Commission (SEC) has stalled the advancement of Bitcoin (BTC) in the country, according to the CEO of Grayscale Investments.In a letter published in The Wall Street Journal on Jan. 23, the chief of the cryptocurrency asset management firm, Michael Sonnenshein, said he agreed with an assertion that the SEC was “late to the game” regarding crypto regulation and preventing the bankruptcy of FTX, adding:“‘Late’ doesn’t capture what transpired here. The problem is the Securities and Exchange Commission’s one-dimensional approach of regulation by enforcement.”Grayscale is currently suiting the…

The popular digital wearables brand DressX teamed up with Dundas for its second drop with Roblox, one of the most popular metaverses to date. Accordingly, the new collection is inspired by top celebrity looks with trendy ’90s style influences. The best part? These hyper-realistic clothing items fit any avatar measures, so prepare your digital wallet ’cause it’s shopping time! The iconic Hollywood fashion brand Dundas joins forces with DressX again for a celebrity-inspired drop via Roblox! What does the new DressX and Dundas’ Roblox Collection Look Like? If you’re into Beyonce’s Grammy Awards looks or the ’90s fashion, ‘The DressX…

NFT Finding a decent bathroom amid the chaos and revelry of Mardi Gras can be tricky. But this year, when you gotta go, at least one venue in New Orleans will be happy to let you use theirs—if you have the NFT pass. Several perks offered as part of a new Mardi Gras-themed NFT collection coming later this week from New Orleans-based Web3 venture studio NieuxCo include food and drink as well as access to special events, private parties, exclusive performances, and restrooms along the parade route. “Nieux Society members used this cutting-edge technology to create a collective vision for…

The Federal Bureau of Investigation (FBI) has confirmed the Lazarus Group and APT38 as the culprits behind the $100 million Harmony Bridge Hack from June. The North Korea-linked cyber group had long been suspected of being behind the attack but their involvement hadn’t been confirmed by authorities until now. According to a Jan. 23 statement, the FBI noted that “through our investigation, we were able to confirm that the Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $100 million of virtual currency from Harmony’s Horizon bridge.” The Harmony Bridge hack in 2022…

NFT As Hollywood continues rolling out the red carpet for awards season, another red carpet rolled out Monday night for Web3 as actor and filmmaker David Bianchi invited celebrities and guests to attend a public table reading for his upcoming series, “RZR.” “I am absolutely convinced that within the next three to five years, everything that we interact with from music, film, intellectual property, even information systems will be somehow tethered to a blockchain mechanism,” Bianchi says. Table reads are a signature part of the film and television development process, offering the cast, crew, and creative team a chance to…

Blockchain The casual gaming market will remain a crucial audience for blockchain games and nonfungible tokens (NFTs) in gaming, according to three blockchain gaming company co-founders. Casual gamers, people who play games somewhat regularly but rarely invest significant time, make up the largest segment of players in the gaming industry. Kieran Warwick, co-founder of blockchain role-playing game Illuvium called casual gamers critical because of the sheer number of them in the population. There are more than 3 billion gamers worldwide as of 2023, and it’s estimated that at least 1.95 billion are casual gamers, according to Exploding Topics. Keiran Warwick,…

Another day, another drama for the NFT Twitter community as artist TEJI apologized for launching a fake XCOPY collaboration. In short, the digital creator launched an NFT advertised as a “collaborative piece between XCOPY & TEJI.” However, the partnership actually never happened. Less than 24 hours ago, TEJI apologized for the mistake via Twitter, claiming he would issue a refund to all NFT minters. However, this was barely enough for collectors claiming that TEJI has been scamming users with other fake collabs too. What is the truth? NFT artist TEJI apologized to his community for falsely claiming that his NFT…

Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.In a Jan. 23 declaration for United State Bankruptcy Court in the District of New Jersey, Crowell said that without giving certain financial incentives, BlockFi might be unable to retain employees in a “highly competitive” crypto industry. According to the BlockFi executive, many staff were “highly likely to leave the company” during the Chapter 11 process without “competitive compensation,” potentially adding to costs down the road.“The war for talent remains active, and the Participants have…

Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops.SOL funding rate for perpetual swaps. Source: CoinglassRegardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move,…

Doodles have big plans ahead for 2023, and the team’s three new members are ready to make them happen! This week, the popular NFT project welcomed Jay Ciruolo, Joe Ranzenbach, and Austin Hurwitz to boost the brand’s growth throughout this year. Doodles just welcomed three new team members ready to boost the brand’s growth in 2023. Who are Doodles’ Brand New Team Members? This year, Doodles’ team seems to grow as fast as the project itself. The project started 2023 by hiring three new members with plenty of experience in the Web3 sector, so let’s meet them all: Jay Ciruolo…