GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

gamestop-unveils-beta-cryptocurrency-wallet-and-upcoming-nft-platform

GameStop launches an Ethereum-powered self-custodial wallet that is set to integrate with an upcoming NFT marketplace. American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality. The GameStop Wallet will allow gamers to acquire, send and store Ether (ETH), ERC-20 … Read more

Crypto inheritance: Are HODLers doomed to rely on centralized options?

crypto-inheritance:-are-hodlers-doomed-to-rely-on-centralized-options?

Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with … Read more

Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

do-kwon-shares-luna-burn-address-but-warns-‘lunatics’-against-using-it

Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21. The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving … Read more

Blockchain, crypto set to take sports industry beyond NFT collectibles

blockchain,-crypto-set-to-take-sports-industry-beyond-nft-collectibles

Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. … Read more

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

‘defi-in-europe-has-no-lobby,’-says-co-founder-of-unstoppable-finance

Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in … Read more

Life-changing money: The 10 most expensive NFTs sold to date

life-changing-money:-the-10-most-expensive-nfts-sold-to-date

When nonfungible tokens are raking in incredible prices, have a look at the 10 most expensive NFTs sold to date. Nonfungible tokens, or NFTs, are turning out to be a treasure store with prices striding into the millions of dollars. Instances of an NFT garnering more than $69 million or a tweet fetching $2.9 million … Read more

CBDC activity heats up, but few projects move beyond pilot stage

cbdc-activity-heats-up,-but-few-projects-move-beyond-pilot-stage

Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. Government-issued electronic currency seems to be an idea whose time has come.  “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or … Read more

Utility tokens vs. equity tokens: Key differences explained

utility-tokens-vs.-equity-tokens:-key-differences-explained

With both types of tokens forming the bulk of crypto-asset purchases, both utility and equity tokens serve different purposes. Read here! Utility tokens vs. equity tokens Investors familiar with the concept of equity investing will find equity tokens to be an extension of the same thought process as initial public offerings while those with a … Read more

DeFi attacks are on the rise — Will the industry be able to stem the tide?

defi-attacks-are-on-the-rise-—-will-the-industry-be-able-to-stem-the-tide?

Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating. The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control. According to the latest statistics, approximately $1.6 … Read more

What happened? Terra debacle exposes flaws plaguing the crypto industry

what-happened?-terra-debacle-exposes-flaws-plaguing-the-crypto-industry

The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, … Read more