Month: January 2023

Square Enix to Deepen Its Blockchain Efforts in 2023 – Blockchain Bitcoin News

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Square Enix, the Japanese gaming giant, is preparing to announce more blockchain-based titles in 2023. As part of a now traditional new year’s letter issued by Yosuke Matsuda, CEO of the company, the executive announced some of the moves Square Enix will make regarding blockchain tech, and also pondered several situations which surrounded blockchain in 2022. Square Enix Reflects on 2022 Blockchain-Related Shortcomings Blockchain tech is becoming an important part of several entertainment-based companies all over the world. Square Enix, the Japanese gaming company responsible for franchises like Final Fantasy…

Snowfall Protocol (SNW) Remains the Top Pick for Investors as Charles Hoskinson Announces Cardano (ADA) Experiment and Algorand (ALGO) Chosen as Public Blockchain in Italy

Place/Date: – January 4th, 2023 at 6:28 am UTC · 4 min read Source: Snowfall Protocol In the ever-evolving world of cryptocurrencies, investors are constantly on the lookout for the next big thing. While there are many options to choose from, one platform that has caught the attention of investors is Snowfall Protocol (SNW). In this article, we will delve into why Snowfall Protocol (SNW) remains a top pick for investors and stands out from the competition. Cardano (ADA) Experiment Announced by Charles Hoskinson, But Will It Overcome Past Struggles?…

Arcane crowns the exchange 2022’s winner

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During a year plagued by crises such as the collapse of FTX and Celsius, data shows that crypto exchange Binance has emerged as the clear “winner” of 2022 according to Arcane Research. A Jan. 3 report from Arcane highlighted that Binance saw its market dominance soar throughout 2022. As of Dec. 28 last year it had captured 92% of the Bitcoin (BTC) spot market and 61% of the BTC derivatives market by volume: “There are no other evident ‘winners’ of 2022 other than Binance when it comes to the crypto…

Bitcoin Turns 14 As King Crypto Pushes Towards $17,000 Level

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Yesterday was Genesis Block day which is also known as the “birthday of Bitcoin,” the oldest (surviving) cryptocurrency according to Investopedia. On January 3, 2009, Bitcoin’s mystery creator Satoshi Nakamoto mined the first BTC block, marking the beginning of the digital currency’s 14-year lifespan. Bitcoin was created in the genesis block, but it’s unclear if they were ever transferred to a wallet. The celebration of Bitcoin’s start for this year is certainly bullish, with some analysts on Twitter anticipating almost absurd gains for BTC this 2023. But the bullishness of…

100 crypto lobbyists prepare for the fight of their lives as Congress resumes

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Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial industry. But the Blockchain Association reports that more than 100 crypto industry advocates are fighting to help strike the right balance between protection and innovation. The 118th U.S. Congress convened in Washington D.C. on Jan. 3. It’s scheduled to continue until Jan. 3, 2025, during the final two years of President Joe Biden’s first term. The crypto industry is currently in the crosshairs following…

Grayscale ETH trust nears record 60% discount as nerves continue over DCG

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The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH). There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt of approximately $1.675 billion to troubled crypto lender Genesis could impact Grayscale assets. YCharts data shows a 59.39% discount at the time of writing, a level the trust has traded at since at least Dec. 28.…

‘WTH did I just witness?’ Magic Eden turns porno after hosting service hacked

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Nonfungible token (NFT) marketplace Magic Eden had to assure users their NFTs “are safe” after a spate of pornographic images littered its platform on Jan. 3. In a Jan. 3 tweet, the Solana-based NFT marketplace told its users it “has not been hacked” and the “unsavory images” were the result of its third-party image hosting provider being “compromised.” According to Jan. 3 tweets from Magic Eden users, loading a collection’s page would sometimes temporarily flash a pornographic image in place of the NFT thumbnail. Yo @MagicEden wtf is this pic.twitter.com/Xums9EZtm6 —…