A malicious governance proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO tokens worth $6.1 million was approved via an exploit.
Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $6.1 million, with the hacker making away with $1 million.
On Sunday, a malicious proposal, Proposal #85, requesting the transfer of 18 million Audius’ in-house AUDIO tokens was approved by community voting. First pointed out on Crypto Twitter by spreekaway, the attacker created the malicious proposal wherein they were “able to call initialize() and set himself as the sole guardian of the governance contract.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #audus
Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Auduis, the passing of a malicious governance proposal resulted in the transfer of tokens worth $6.1 million, with the hacker making away with $1 million.
On Sunday, a malicious proposal, Proposal #85, requesting the transfer of 18 million Audius’ in-house AUDIO tokens was approved by community voting. First pointed out on Crypto Twitter by spreekaway, the attacker created the malicious proposal wherein they were “able to call initialize() and set himself as the sole guardian of the governance contract.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #audus
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website.
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors.
Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on Zipmex.
The regulator officially announced on July 25 that Zipmex customers can submit information via an online forum on the Thai SEC’s official website.
The SEC has received a number of complaints from people affected by Zipmex after the crypto exchange temporarily suspended withdrawals of the Thai baht and digital assets on Wednesday, the regulator said.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #zipmex
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors.
Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on Zipmex.
The regulator officially announced on July 25 that Zipmex customers can submit information via an online forum on the Thai SEC’s official website.
The SEC has received a number of complaints from people affected by Zipmex after the crypto exchange temporarily suspended withdrawals of the Thai baht and digital assets on Wednesday, the regulator said.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #zipmex
Joe Cisewski formerly provided Pantera Capital with legal and regulatory guidance relating to the firm’s funds and investment advisors.
Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel.
Announcing the move on July 26, commissioner Romero pointed to Cisewski’s 14 years of experience working across the CFTC, Securities and Exchange Commission (SEC) and crypto venture fund Pantera Capital.
“Joe’s unique combination of public and private sector experiences will serve us well as we take bold steps to ensure the resilience of our markets, protect investors and market participants,” she said, adding:
“His fluency on digital-assets and other issues will be valuable as the Technology Advisory Committee embarks on its agenda later this year.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #panteracapital
Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel.
Announcing the move on July 26, commissioner Romero pointed to Cisewski’s 14 years of experience working across the CFTC, Securities and Exchange Commission (SEC) and crypto venture fund Pantera Capital.
“Joe’s unique combination of public and private sector experiences will serve us well as we take bold steps to ensure the resilience of our markets, protect investors and market participants,” she said, adding:
“His fluency on digital-assets and other issues will be valuable as the Technology Advisory Committee embarks on its agenda later this year.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #panteracapital
"NFTs can aid in the documentation of the creator community through smart contracts," said Kushner.
It's been 40 years since the classic sci-fi adventure film Tron hit movie screens around the world. Produced by Donald Kushner and released by Walt Disney Productions, its highly original futuresque concept made history by revolutionizing the use of computer animation in film while introducing audiences to one of the earliest interpretations of a digital metaverse.
Reflecting on the movie's success, Donald Kushner sat down with Cointelegraph reporter Sean Moore to discuss the success of the film, his new nonfungible token project Cryptosaurs and his thoughts on the future of the metaverse.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #tron
It's been 40 years since the classic sci-fi adventure film Tron hit movie screens around the world. Produced by Donald Kushner and released by Walt Disney Productions, its highly original futuresque concept made history by revolutionizing the use of computer animation in film while introducing audiences to one of the earliest interpretations of a digital metaverse.
Reflecting on the movie's success, Donald Kushner sat down with Cointelegraph reporter Sean Moore to discuss the success of the film, his new nonfungible token project Cryptosaurs and his thoughts on the future of the metaverse.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #tron
Ethereum’s imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin.
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s upcoming transition to a proof-of-stake (PoS) system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency.
“Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph. The Merge, a long-awaited upgrade that will complete Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake system, is set to take place in September. In addition, The Merge will transform Ethereum’s monetary policy, making the network more environmentally sustainable and reducing ETH’s total supply by 90%.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #eth
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s upcoming transition to a proof-of-stake (PoS) system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency.
“Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph. The Merge, a long-awaited upgrade that will complete Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake system, is set to take place in September. In addition, The Merge will transform Ethereum’s monetary policy, making the network more environmentally sustainable and reducing ETH’s total supply by 90%.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #eth
The $3.5 million flash loan attack Solana-based Nirvana Finance saw the price of its stablecoin NIRV and native token ANA fall around 85% apiece.
Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday.
The flash loan attack, which also saw Nirvana Finance’s native token ANA drop by 85%, resulted in the loss of $3.49 million worth of Tether (USDT), with the SolanaFM team being the first to confirm that the funds were siphoned via a flash loan attack on Wednesday:
“Utilizing Solend Protocol’s Flash Loans, the hacker borrowed $10M USDC from the Solend Main Pool Vault which was used to exploit $3.49M USDT from the Nirvana Finance Treasury.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on Wednesday.
The flash loan attack, which also saw Nirvana Finance’s native token ANA drop by 85%, resulted in the loss of $3.49 million worth of Tether (USDT), with the SolanaFM team being the first to confirm that the funds were siphoned via a flash loan attack on Wednesday:
“Utilizing Solend Protocol’s Flash Loans, the hacker borrowed $10M USDC from the Solend Main Pool Vault which was used to exploit $3.49M USDT from the Nirvana Finance Treasury.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
Bitcoin has historically profited from Puell Multiple lift-offs, but unique macro conditions mean what happens next is uncertain.
Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.
As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past.
Puell Multiple attempts to cement breakout
The Puell Multiple one of the best-known on-chain Bitcoin metrics. It measures the value of mined bitcoins on a given day compared to the value of those
mined in the past 365 days.
The resulting multiple is used to determine whether a day's mined coins is particularly high or low relative to the year's average. From that, miner profitability can be inferred, along with more general conclusions about how overbought or oversold the market is.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #btc
Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.
As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past.
Puell Multiple attempts to cement breakout
The Puell Multiple one of the best-known on-chain Bitcoin metrics. It measures the value of mined bitcoins on a given day compared to the value of those
mined in the past 365 days.
The resulting multiple is used to determine whether a day's mined coins is particularly high or low relative to the year's average. From that, miner profitability can be inferred, along with more general conclusions about how overbought or oversold the market is.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #btc
The customized pendants are set to cost 30 ETH a pop and will go on sale on August 5.
Luxury jewelry brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk non-fungible token (NFT) holders.
The handcrafted CryptoPunk pendants were announced by the jewelry brand on July 31 on Twitter, and are priced at 30 ETH, equivalent to $50,600 each at the time of writing.According to an NFTiffs Frequently-Asked Questions page, the NFTiff token sale is set to launch on August 5 at 9 am (CST), and will only be available for purchase NFTiff tokens via its website.
Each CryptoPunk is limited to a maximum of three NFTiff tokens that allow them to mint a customized pendant. There are 87 different attributes and 159 colors that can be used to custom design the pendants, and the pendant itself will be composed of 18-Karat rose or yellow gold (based on the color palette of the NFT).
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #nft #cryptopunks
Luxury jewelry brand Tiffany & Co has announced the sale of 250 diamond and gemstone encrusted pendants for CryptoPunk non-fungible token (NFT) holders.
The handcrafted CryptoPunk pendants were announced by the jewelry brand on July 31 on Twitter, and are priced at 30 ETH, equivalent to $50,600 each at the time of writing.According to an NFTiffs Frequently-Asked Questions page, the NFTiff token sale is set to launch on August 5 at 9 am (CST), and will only be available for purchase NFTiff tokens via its website.
Each CryptoPunk is limited to a maximum of three NFTiff tokens that allow them to mint a customized pendant. There are 87 different attributes and 159 colors that can be used to custom design the pendants, and the pendant itself will be composed of 18-Karat rose or yellow gold (based on the color palette of the NFT).
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #nft #cryptopunks
Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators.
According to a report from the New York Times, the United States Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto in a potential violation of U.S. sanctions.
In the other hemisphere, the Philippines’ think tank Infrawatch PH filed a twelve-page complaint calling on the local Securities and Exchange Commission (SEC) to crack down on Binance’s activities in the country.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #coinbase #binance #kraken
According to a report from the New York Times, the United States Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto in a potential violation of U.S. sanctions.
In the other hemisphere, the Philippines’ think tank Infrawatch PH filed a twelve-page complaint calling on the local Securities and Exchange Commission (SEC) to crack down on Binance’s activities in the country.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #coinbase #binance #kraken
Gucci has ramped up its Web3 initiatives by allowing crypto nerds to purchase its products with ApeCoin in its stores, adding to a list of 12 other digital assets it accepts for payment.
High-end Italian fashion giant Gucci has become the first major brand to accept payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE).
The move was announced on Monday and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency.
Gucci customers in the United States will now be able to purchase items in-store with APE, while the payment infrastructure will be provided by BitPay, a firm that has helped big names such as AMC Theaters accept crypto payments in the past.
Despite the ongoing crypto bear market, the fashion brand has taken a serious plunge into the crypto sector this year.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #gucci #apecoin
High-end Italian fashion giant Gucci has become the first major brand to accept payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE).
The move was announced on Monday and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency.
Gucci customers in the United States will now be able to purchase items in-store with APE, while the payment infrastructure will be provided by BitPay, a firm that has helped big names such as AMC Theaters accept crypto payments in the past.
Despite the ongoing crypto bear market, the fashion brand has taken a serious plunge into the crypto sector this year.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #gucci #apecoin
Web3 wallet provider Slope has been connected to the recent hack of Solana-based wallets.
As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users.
Slope is a Web3 wallet provider for the Solana layer-1 (L1) blockchain. Through the Solana Status Twitter account on Aug. 3, the Solana Foundation pointed the finger at Slope stating that “it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.”
Solana co-founder Anatoly Yakovenko also linked Slope wallets to the hack in his own personal Twitter account. He advised users to regenerate a seed phrase from a service other than Slope as soon as they can. He also told an affected user to “Start practicing the cold/hot wallet separation.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
As the dust settles from yesterday’s Solana ecosystem mayhem, data is surfacing that wallet provider Slope is largely responsible for the security exploit that stole crypto from thousands of Solana users.
Slope is a Web3 wallet provider for the Solana layer-1 (L1) blockchain. Through the Solana Status Twitter account on Aug. 3, the Solana Foundation pointed the finger at Slope stating that “it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications.”
Solana co-founder Anatoly Yakovenko also linked Slope wallets to the hack in his own personal Twitter account. He advised users to regenerate a seed phrase from a service other than Slope as soon as they can. He also told an affected user to “Start practicing the cold/hot wallet separation.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
FLOW latest price rally has turned it into an "overbought" asset, which could amount to an imminent correction.
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.
Insta-made FLOW rally
Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram.
The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token's massive upside move accompanied a spike in its daily trading volumes, confirming some weight behind the bullish trend.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #flow
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.
Insta-made FLOW rally
Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital collectibles minted on the Flow blockchain on Instagram.
The high-profile integration helped FLOW surge 54% to reach an intraday high of $2.83 a token. Interestingly, the token's massive upside move accompanied a spike in its daily trading volumes, confirming some weight behind the bullish trend.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #flow
Don Ho is a serial entrepreneur and the Founder of blockchainlaw.xyz and BDH Consultants.
After being introduced to cryptocurrencies in 2016, Don founded blockchainlaw.xyz, a compliance and consulting firm that assists startup companies in the web3/blockchain industry. blockchainlaw.xyz helps its clients with operations, go-to-market strategies, and legal matters ranging from entity formations, compliance issues, drafting/reviewing contracts, and M&A transactions.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #undeads
After being introduced to cryptocurrencies in 2016, Don founded blockchainlaw.xyz, a compliance and consulting firm that assists startup companies in the web3/blockchain industry. blockchainlaw.xyz helps its clients with operations, go-to-market strategies, and legal matters ranging from entity formations, compliance issues, drafting/reviewing contracts, and M&A transactions.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #undeads
The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad became a victim of what many deemed a decentralized robbery, which saw almost $190 million drained out of their wallets.
Solana ecosystem became the victim of a widespread unknown attack that saw thousands of wallets getting drained out of all the funds. Apart from a series of exploits, Nansen admitted their negligence toward the DeFi market during the NFT boom.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
This past week, the DeFi ecosystem saw two exploits, one after another, resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad became a victim of what many deemed a decentralized robbery, which saw almost $190 million drained out of their wallets.
Solana ecosystem became the victim of a widespread unknown attack that saw thousands of wallets getting drained out of all the funds. Apart from a series of exploits, Nansen admitted their negligence toward the DeFi market during the NFT boom.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #solana
Nansen co-founder and CEO Alex Svanevik and StepN chief marketing officer Shiti Rastogi Manghani discussed what makes a Web3 “super-app” during the SCB10X Virtual Summit.
The explosive growth of decentralized apps has the ecosystem racing to build the next generation of “super-apps” that achieve explosive growth and offer exclusive features with a multitude of use cases.
At SCB 10X’s ReDeFine Tomorrow virtual summit, Nansen’s Alex Svanevik explained the fundamental importance of having transparent, accurate data on-chain to develop an industry-leading blockchain data analytics platform. He said, “We are very well positioned to take that [super-app] spot because our unique edge is that we have data that no one else has. We have the best coverage of what actually happens on the blockchain, which is the most fundamental building block if you think about being the information superhighway of Web3.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #stepn
The explosive growth of decentralized apps has the ecosystem racing to build the next generation of “super-apps” that achieve explosive growth and offer exclusive features with a multitude of use cases.
At SCB 10X’s ReDeFine Tomorrow virtual summit, Nansen’s Alex Svanevik explained the fundamental importance of having transparent, accurate data on-chain to develop an industry-leading blockchain data analytics platform. He said, “We are very well positioned to take that [super-app] spot because our unique edge is that we have data that no one else has. We have the best coverage of what actually happens on the blockchain, which is the most fundamental building block if you think about being the information superhighway of Web3.”
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #stepn
Using the provably fair and verifiable random number generator provided by Chainlink VRF, smart contracts can access random values without compromising security or usability.
Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy.
Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart contract feature popularized by Ethereum. Decentralized applications (DApps) based on blockchains like Ethereum are disrupting traditional businesses such as retail banking and are even introducing use cases never deemed possible.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #link
Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy.
Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart contract feature popularized by Ethereum. Decentralized applications (DApps) based on blockchains like Ethereum are disrupting traditional businesses such as retail banking and are even introducing use cases never deemed possible.
#blockchain #nonfungible #gamefi #metafi #defi #bitcoin #playtoearn #link
“A student can build an app without needing to learn new languages without needing to learn new skills,” said NEAR founder Illia Polosukhin.
20 million JavaScript developers will now have the ability to write blockchain smart contracts and build applications on the NEAR Protocol, after rolling out JavaScript Software Development Kits (JS SDKs) on Monday.
Speaking with Cointelegraph at the Korea Blockchain Week (KBW) on Aug. 9 (local time), NEAR founder Illia Polosukhin emphasized that the move will open up the niche field of blockchain development to a substantially broader audience:
“There's about 20 million JavaScript developers in the world. Probably like every developer one way or another wrote JavaScript in their life. And what we allow you to do is to write smart contracts in JavaScript.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #near
20 million JavaScript developers will now have the ability to write blockchain smart contracts and build applications on the NEAR Protocol, after rolling out JavaScript Software Development Kits (JS SDKs) on Monday.
Speaking with Cointelegraph at the Korea Blockchain Week (KBW) on Aug. 9 (local time), NEAR founder Illia Polosukhin emphasized that the move will open up the niche field of blockchain development to a substantially broader audience:
“There's about 20 million JavaScript developers in the world. Probably like every developer one way or another wrote JavaScript in their life. And what we allow you to do is to write smart contracts in JavaScript.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #near
It's the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021.
Crypto exchange giant Coinbase has cited a "fast and furious" downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.
It's the second consecutive quarter of loss for the crypto company and the largest loss since its listing on the Nasdaq Stock Exchange (Nasdaq) in April 2021.
The results, which also missed analyst expectations, were shared in a Q2 2022 Shareholder Letter from Coinbase on Aug. 9, stating:
“The current downturn came fast and furious, and we are seeing customer behavior mirror that of past down markets.”
Coinbase said that Q2 was a “tough quarter” with trading volume falling 30% and transaction revenue down 35% sequentially.
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #coinbase #nasdaq
Crypto exchange giant Coinbase has cited a "fast and furious" downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.
It's the second consecutive quarter of loss for the crypto company and the largest loss since its listing on the Nasdaq Stock Exchange (Nasdaq) in April 2021.
The results, which also missed analyst expectations, were shared in a Q2 2022 Shareholder Letter from Coinbase on Aug. 9, stating:
“The current downturn came fast and furious, and we are seeing customer behavior mirror that of past down markets.”
Coinbase said that Q2 was a “tough quarter” with trading volume falling 30% and transaction revenue down 35% sequentially.
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #coinbase #nasdaq
The Nvidia Omniverse is launching a series of new tools for creators and developers in digital worlds to make life in the Metaverse more realistic.
Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations and other creative assets.
Creators utilizing the Omniverse Kit, along with apps such as Nucleus, Audio2Face and Machinima, will be able to access the new upgrades. Nvidia says one primary function of the tools will be to help enhance building "accurate digital twins and realistic avatars."
The quality of metaverse interaction is a hot topic in the industry, as developers and users ponder the quality of experiences over the quantity. One example of this could be seen during the first-ever metaverse fashion week, which happened in spring.
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #nvidia
Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations and other creative assets.
Creators utilizing the Omniverse Kit, along with apps such as Nucleus, Audio2Face and Machinima, will be able to access the new upgrades. Nvidia says one primary function of the tools will be to help enhance building "accurate digital twins and realistic avatars."
The quality of metaverse interaction is a hot topic in the industry, as developers and users ponder the quality of experiences over the quantity. One example of this could be seen during the first-ever metaverse fashion week, which happened in spring.
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #nvidia
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC.
MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD).
The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s Discord channel on Aug. 11 that the sanctions are “unfortunately more serious than I first thought,” adding that they should prepare to depeg its native stablecoin DAI from the USD to avoid any risk’s relating to Circle’s recent freezing of sanctioned USD Coin (USDC) addresses.
“I think we should seriously consider preparing to depeg from USD. It is almost inevitable it will happen and it is only realistic to do with huge amounts of preparation.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #usdc
MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD).
The founder’s comments came in light of the recently announced sanctions on crypto mixer Tornado Cash, noting to MakerDAO’s Discord channel on Aug. 11 that the sanctions are “unfortunately more serious than I first thought,” adding that they should prepare to depeg its native stablecoin DAI from the USD to avoid any risk’s relating to Circle’s recent freezing of sanctioned USD Coin (USDC) addresses.
“I think we should seriously consider preparing to depeg from USD. It is almost inevitable it will happen and it is only realistic to do with huge amounts of preparation.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #usdc