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
Platforms
The cryptocurrency sector witnessed an astonishing rise in value throughout 2024, with many coins reaching historical highs. However, this meteoric price surge did not translate into a corresponding growth in on-chain user engagement across most blockchain networks. According to a detailed analysis by Flipside, a blockchain growth firm, the figures reveal a surprising disconnect that
The cryptocurrency market is once again experiencing turbulence, with Bitcoin’s price recently slipping below the crucial psychological threshold of $100,000. Currently, it is stabilizing within the range of $96,000 to $98,000. This decline has raised significant concerns among investors and market analysts regarding its future trajectory. In a recent observation, crypto analyst Ali Martinez discussed
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
As our lives increasingly intertwine with the digital realm, the need for secure identity verification simmers to the forefront. Traditional mechanisms like passwords and security questions often fall short in providing the protection required in today’s high-stakes online environment. Enter Biometric Non-Fungible Tokens (NFTs)—an innovative solution that merges blockchain technology with unique biometric data to
Cardano (ADA), once a beacon of promise in the cryptocurrency sphere, is now facing a significant setback, dropping over 20% from its highest value this year. This recent dip has brought the price down to approximately $0.90, starkly contrasted with its peak of $1.326 earlier in the year. The concern surrounding Cardano is not merely
Samuel Edyme, famously known by his handle HIM-buktu, has emerged as a compelling figure in the world of Web3 content creation and cryptocurrency journalism. Unlike many who enter the crypto space with dreams of riches, Edyme’s journey was marked by an early misstep—a Ponzi scheme that catfished him with the promise of quick gains. Instead
The video game industry is in a state of transformation, driven by emerging technologies like Web3 and artificial intelligence (AI). Once dominated by a few major corporations whose business models often prioritized profit over player experience—through pay-to-win schemes and incessant microtransactions—this new landscape promises to redefine how players engage with games. The convergence of these
The Hong Kong Securities and Futures Commission (SFC) has taken a significant leap in its regulatory framework for the virtual asset market by granting licenses to four additional virtual asset trading platforms (VATPs). As announced on December 18, this development not only indicates a willingness to embrace digital innovation but also underlines the SFC’s commitment
In a captivating discussion with Yahoo Finance, Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, presents a thought-provoking analysis of Bitcoin’s trajectory. With ambitious predictions placed on the leading cryptocurrency, Hougan’s insights invigorate the ongoing conversation around Bitcoin’s value and its role in the investing landscape. Hougan is optimistic, projecting Bitcoin could vastly