Month: March 2024

Big Time Generates over $100M in Revenue since Preseason – Blockchain News, Opinion, TV and Jobs

Austin, United States, March 28th, 2024, Chainwire Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of…

SBF Returns to New York Courthouse for Sentencing in FTX Fraud Case

Defense lawyers argued, on the other hand, that Bankman-Fried didn’t intend to defraud customers, had shown remorse and had attempted to resolve FTX’s bankruptcy after it began, saying the DOJ’s proposal was extreme. Their supporting letters spoke more to Bankman-Fried as a person than to FTX and its collapse, with writers pointing to his veganism and anecdotes from his youth. Several letters said Bankman-Fried appeared to be neurodivergent and thus might not have understood the severity of the situation. Former New York Police Department officer Carmine Simpson, his fellow inmate…

Ethereum’s Rising Validator Count Is Causing Concerns, Fidelity Digital Assets Says

The rapidly rising validator count on the Ethereum blockchain following the Shapella upgrade in April last year is causing concerns about technical capacity and centralization, Fidelity Digital Assets wrote in a research report on Thursday. Fidelity noted that “with the lowered risk from increased liquidity, the active validator count has risen by 74%,” and said “future roadmap upgrades will become more difficult” with this larger set. The Shapella upgrade enabled withdrawals, for the first time, for validators who staked their ether (ETH) to secure and validate transactions on the blockchain.…

Tokenized Treasury Notes Surpass $1B

The market for tokenized U.S. Treasury debt is booming. The market value of Treasury notes tokenized through public blockchains like Ethereum, Polygon, Valanche, Stellar and others has crossed above $1 billion for the first time, data tracked by Tom Wan, an analyst at crypto firm 21.co, show. Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain. The market value has risen nearly 10-fold since January last year and 18% since traditional finance giant BlackRock announced Etheruem-based tokenized fund BUIDL on March…

ARK 21Shares Bitcoin ETF (ARKB) Hit $200M Daily Inflows for First Time as BTC Price Rises

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Market Slowdown Chops off 10% From Gains, Here’s Why

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Leading the downturn today, Fantom (FTM) contributes to the 2% drop in the crypto market after weeks of growth. Fantom is one of those altcoins that followed the broader momentum of the market. The latest market data shows that the token is down 10% in the past 24 hours, but is still on the green in the bi-weekly timeframe at 14%. However, Fantom has a trick up its sleeve to curb this brewing bearishness potentially.  Fantom CEO Michael Kong Unveils Sonic Launch  Sonic is the brand-new technology that the Fantom…

Crypto Exec Reveals Why Meme Coins Are The Next ‘Trojan Horse’ For Crypto Adoption

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Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space.  Why Meme Coins Are Crypto’s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and…

Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion

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Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders Continue The cryptocurrency mining firm Bitdeer Technologies Group is reportedly seeking […] Original