In an unexpected turn of events, CyberKongz, a project at the forefront of the gaming-oriented NFT (non-fungible token) movement, received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on December 16. This notice has sent ripples through the Web3 gaming community as it raises significant questions about the use of ERC-20 tokens
Agency
The gaming landscape is undergoing a transformation marked by the integration of blockchain technology, and one of the most exciting developments is the upcoming launch of Ragnarok Landverse: Genesis. Set to debut on the Ronin Network in early 2025, this innovative Web3 variant of the beloved MMORPG Ragnarok Online reflects a significant partnership between the
In a significant response to growing concerns around individual privacy, the Bavarian State Office for Data Protection Supervision (BayLDA) has instructed Worldcoin to enhance its data protection measures. This conclusion comes after a thorough investigation into the company’s biometric data handling practices, specifically regarding the collection of iris-derived data for the World ID system. Founded
In its latest transparency report, Coinbase revealed a notable decrease in the number of law enforcement and government agency requests it received during the past year. Specifically, the cryptocurrency exchange reported a total of 10,707 inquiries, marking an 18% decline from the previous period. This drop is significant not only as an isolated metric but
GateToken, a vital component of the Gate.io cryptocurrency exchange ecosystem, has achieved a remarkable milestone by reaching an all-time high of $13.79. Despite facing rumors suggesting a security breach, the token’s performance indicates robust investor confidence. Following the peak, the token adjusted to slightly lower levels, stabilizing at $13.29. This surge can be attributed to
RavenQuest stands out in the gaming industry as a free-to-play MMORPG that embraces a transformative concept: a living, breathing world shaped by the actions of its players. Unlike traditional MMORPGs where the environment remains static, RavenQuest utilizes cutting-edge Web3 technology that allows players to actively influence resources, prices, and even the geographical landscape. This fundamentally
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is ramping up its efforts to regulate Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) practices among cryptocurrency ATM providers. As of December 6, 2023, the agency has become increasingly concerned with the misuse of crypto ATMs for illegal activities such as money laundering. This scrutiny arises amid revelations
In the ever-evolving landscape of cryptocurrency regulation, the recent moves by Tyler Winklevoss, co-founder of the Gemini crypto exchange, signal a significant shift in how industry players are willing to respond to perceived injustices. By announcing that Gemini will mirror Coinbase’s decision to sever connections with law firms that employ former officials of the U.S.
As technology advances at a breathtaking pace, the integration of decentralized frameworks into everyday devices is becoming increasingly practical. Thomson Computing, a subsidiary of Metavisio, has made headlines with the introduction of the world’s first Web3 laptop. This innovation seeks to serve as a gateway between traditional computing environments and the emerging decentralized internet, giving
In a rapidly evolving digital asset landscape, the U.S. Securities and Exchange Commission (SEC) has long positioned itself as the primary regulatory body overseeing cryptocurrencies. However, as the cryptocurrency market continues to grow, now reportedly worth $3 trillion and featuring over 50 million investors, calls for a re-examination of regulatory authority are louder than ever.