Nonetheless, Mythical aims to garner hype around its upcoming game with new player cards. The presale opens to holders of the unique Rarity League collection on Thursday, followed by a public sale Friday. The 1,000-unit collection of NFTs for the Super Bowl players are sold in a pack of three and retail for $49. Source AddsAheadBowlGameHurtsLineupMahomesNFLNFTQBsRivalsSuper CryptoX Portal
The SEC is in the late stages of an investigation of the company’s possible sale of unregistered securities, according to the story. Source
The Japanese-based multinational tech company Fujitsu has announced the launch of a new platform designed to support Web3 developers worldwide. According to a report by the Fintech Times, Fujitsu’s Web3 Acceleration Platform seeks to provide a development environment, blockchain-based service APIs, high-computing technologies, simulations, AI, combinatorial optimization, for start-ups, partner companies, and universities building Web3 applications and services. The company said on Feb. 8 that its platform aims to support the creation of a diverse ecosystem of Web3 applications across a range of use cases, such as digital content rights…
Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000. Rising Transaction Fees Help Bitcoin Miners Reap Increased Revenue Despite Falling Spot Prices Bitcoin network fees, or the average cost to transfer BTC, rose 122% during the first week of Feb. 2023. Statistics from bitinfocharts.com and ycharts.com…
The judge overseeing crypto exchange FTX’s bankruptcy case has granted a motion allowing the firm’s debtors to request subpoenas for information and documents from former colleagues and family members of Sam Bankman-Fried. In a Feb. 8 filing, Judge John Dorsey said FTX debtors were authorized under bankruptcy court rules to issue subpoenas to certain individuals “for the production of documents, electronically stored information, or tangible things”. The original motion filed on Jan. 25 defined the target of the subpoenas as insiders not “currently cooperating with the Debtors to provide important…
Cash Cloud, the operator of Coin Cloud digital currency automatic teller machines (ATMs) in the United States and Brazil, filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of Nevada on Feb. 7. According to its filing, the company has liabilities between $100 million and $500 million, with between 5,001 and 10,000 creditors and assets between $50 million and $100 million. Cash Cloud’s biggest creditor is Genesis Global Trading, the brokerage subsidiary business of Digital Currency Group’s bankrupt lending arm. It has an unsecured claim of over…
The proposed Spark Protocol will leverage Maker’s DAI stablecoin and its crypto assets for liquidity, and would be based on the Aave v3 smart contract system. Source
In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT. …
Thomas Perfumo discusses why the firm is not insulated from the broader economy, and what the company wants to do for crypto following the collapse of FTX. Source
A top executive of crypto exchange Gemini is announcing a deal that could see users of its Earn program get back their digital assets that were loaned to crypto broker Genesis. Gemini co-founder Cameron Winklevoss says that Gemini has signed an agreement with Genesis, its parent company Digital Currency Group, and other creditors that would allow users who had subscribed to the interest-generating Earn program to recover their lost funds. According to Winklevoss, the agreement was signed in bankruptcy court earlier this week and puts all Genesis creditors on a…