The gaming studio, which said it is the first to introduce blockchain-based gaming to the online gambling market, will exclusively build on the Hxro Network, a distributed liquidity layer for betting applications on the Solana blockchain, to create “a suite of on-chain games,” said the announcement. Source
Optimism, an Ethereum-based layer-2 blockchain, will use Ethereum Attestation Service (EAS), an on-chain attestation protocol, that will enable users to assess the trustworthiness of the platform’s users and vouch for whether something actually happened on the blockchain, as per a release sent to CoinDesk. Source
Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States. The turnout at Consensus 2023 demonstrated that U.S.-based companies and international organizations are still very much interested in implementing Web3 technology into their business models. Caitlin Long, founder and CEO of Custodia Bank — a Wyoming-based digital asset bank — told Cointelegraph that the conference attracted serious ecosystem participants, saying, “We’ve seen during crypto winters before…
Summary: Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral. The crypto exchange plans to shut down its Borrow program starting May 10, 2023, due to insufficient demand for the product. Wednesday’s decision also comes amid a tussle between U.S. regulators and crypto businesses like Coinbase, Kraken, and Binance. Coinbase users will no longer be able to access cash loans using Bitcoin as collateral as the company moves to unwind its Borrow product. According to an email sent to users on Wednesday,…
The crypto exchange referred to a 2022 petition asking for formal rulemaking within the digital assets sector, to which the SEC is yet to respond. The 10-day deadline ordered this week refers to the SEC’s requirement to provide a legal basis for why it has not responded to the petition. Source
Many crypto investors have yet to consider these unique aspects of legacy planning, whether their assets are held in centralized exchanges or self-custodied wallets. As we move from simply buying crypto assets to participating in on-chain protocols and holding tokenized securities, the need for proper legacy planning will only increase, creating opportunities for financial advisors to add value. Source
In 2022, the Big Oil companies, including TotalEnergies, ExxonMobil, Chevron, BP, and Shell smashed their previous year’s earnings. The Q1 2023 fiscal report by the British oil giant Shell (LON: SHEL) surpassed expectations, cruising analysts’ predictions. In the recent report, Shell announced adjusted earnings of $9.6 billion for the first three months of the year. The performance is in continuation of its current bumper results run after commodity prices surged in 2022 due to Russia’s full-scale invasion of Ukraine. According to Refinitiv, analysts expect Shell to announce $8.6 billion in earnings…
Los Angeles-based PacWest is considering several strategic options, including a sale, amid a banking crisis-induced stock plunge. Bank holding company PacWest Bancorp is reportedly mulling a sale following Wednesday’s 50% stock crash. The regional bank is weighing strategic options amid the US banking crisis, which sank three financial institutions in March. A Bloomberg report said PacWest shelved previous efforts to raise capital to remain afloat and now strongly considers selling all its assets outright. Inside sources revealed that PacWest has been working with a financial adviser on moving forward. These sources…
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The WallStreetBets token (WSB), which is linked to the WallStreetBets subreddit, dropped 90% in the last 24 hours following a big run higher that had seen its market cap jump to $50 million in under three days. The plunge came after one of the insiders connected to the project, @zjzWSB, dumped a large amount of tokens in return for 334 ETH ($635,000). Blockchain sleuth @ZachXBT flagged the transactions on Twitter, which seemed to trigger the mass selling, bringing about the 90% crash. Users had previously received an airdrop of nearly…