Bitcoin Is The ‘Amazon Of Crypto’ – Blocktower Founder Ari Paul Says
Paul contends that Bitcoin has “much better odds” than other cryptocurrencies because it does not have a product to compete with. Ari Paul, the founder of blockchain investment firm Blocktower Capital, commented on the bear market, comparing it to the tech crash of 2000. Paul compares Bitcoin (BTC) to Amazon, one of the corporations that […]
Derby Stars P2E game migrates to Polygon Network
Following the Terra ecosystem crash, Derby Stars, a Triple-A blockchain-based P2E horse racing game, is migrating to the Polygon network. According to a team statement, the decision to switch to the Polygon network came after weeks of deliberation, with the blockchain network’s fast, affordable, and efficient GameFi environment winning over the community. Following the $60 […]
Tether Plans To Reduce Commercial Paper Backing Of USDT To Zero
By the end of June 2022, Tether plans to lower USDT’s commercial paper backing to $8.4 billion, and then remove it entirely. Tether, a popular stablecoin firm, hopes to someday eliminate commercial paper backing for its US dollar-based stablecoin Tether (USDT). Tether issued an official statement on Wednesday denying claims that its commercial paper portfolio […]
SEC boss is concerned that crypto bill could jeopardize financial markets
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), expressed concern that a proposed bill to create a regulatory framework for cryptocurrencies could impair investor safeguards in existing financial markets. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) submitted a measure on June 7 that Gensler was asked about at The Wall Street […]
YGG, Merit Circle DAO strike deal to avoid legal battle
Merit Circle decentralized autonomous organizations (DAO) and Yield Guild Games (YGG) struck an agreement after the DAO had voted to remove YGG, thereby preventing a potential legal battle. Merit Circle Ltd is a corporation that founded the Merit Circle DAO to assist gamers who are interested in play-to-earn games by lending items from its treasury […]