If Dapper Labs’ NBA Top Shots Moments are found to be securities, the company and its CEO could potentially face civil and criminal penalties for selling unregistered securities. Source
Bitcoin miners have been targeted by environmentalists and U.S. lawmakers for their potential impacts on carbon neutrality goals as well as electrical grids. In the past few months, bitcoin miners have been fighting back, and as many as five bills are going through state legislatures to protect the industry. Source
For the full year, Block’s bitcoin revenue declined 29% from 2021 due to the fall in the price of bitcoin, the company said. Source
The executive board of the International Monetary Fund (IMF) has assessed a paper on crypto asset policy published by the fund and expressed its agreement with its proposed policy framework. The paper, titled “Elements of Effective Policies for Crypto Assets,” developed a framework of nine policy principles that addressed macrofinancial, legal and regulatory, and international coordination issues. The proposed principles were mainly quite broad, emphasizing analysis, monitoring and guarding. The paper explicitly says the proposals should be taken up by “the Directors.” The first principle did contain a concrete injunction, reading:…
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Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%. Source
The job cuts follow a previous 22% workforce reduction in November. Source
CryptoX – Cryptocurrency Analysis and News Portal The job cuts follow a previous 22% workforce reduction in November. Original Source The post Dapper Labs Laying Off Another 20% of Its Staff: Report appeared first on CryptoX. CryptoX Portal
“We’re building tools to allow them to bring their IP into the game. This is through land where they can build spaces, integrate their existing NFTs and build new ones into the Webb ecosystem,” Worldwide Webb founder and CEO Thomas Webb told CryptoX in an email. “We’re excited to build long-term relationships with brands and IP as we not only integrate their NFTs as avatars, but also bring their IP into the Webb universe through meaningful in-game features such as quests, boss fights, items and more.” Source 10MGameInvestsMetaversePanteraWebbWorldwide CryptoX Portal
The original manuscript of Neil Stephenson’s Snow Crash — the book which coined the term “Metaverse,” — will be auctioned by Sotheby’s, according to a page on Sotheby’s official website. The auction is part of a Feb. 23 series called “Infocalypse” that includes six physical and six digital items related to the famous book. The original manuscript is in Lot 2 of the series. It is “wrapped in original Xerox 4200 Paper,” secured with masking tape and contains “corrections and notations throughout in Neal Stephenson’s hand in blue ink.” It also…