In recent years, the play-to-earn (P2E) gaming sector has gained significant popularity among gaming and crypto enthusiasts as it offers cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game tasks. Axie Infinity ($AXS) is a prime example of this trend, offering a metaverse gaming environment where players can acquire creatures known as “Axies.” However,
Federal Reserve Chair Jerome Powell has issued a warning about the possible consequences of a U.S. debt default. The economic impact could be highly uncertain and adverse, he warned, adding that nobody should assume that the Fed could protect the economy from the short and long-term effects of failing to pay bills on time. Powell’s
Democratic Senator Elizabeth Warren plans to reintroduce a crypto bill with the aim of cracking down on money laundering and terrorist financing. During a Senate Armed Services Committee hearing, Warren announced that she would reintroduce the Digital Asset Anti-Money Laundering Act. The Purpose of the Bill The Digital Asset Anti-Money Laundering Act seeks to ensure
Bitcoin (BTC) has reached a new May high of $29,529 on Bitstamp and is eyeing a reclaim of further lost ground as the $30,000 mark remains in play. Despite experiencing a dip in response to the US equities market opening on May 4, BTC/USD quickly rebounded as $29,000 support returned. The ongoing US banking crisis,
Launchpad XYZ ($LPX) is a platform that provides a range of innovative features to simplify crypto analysis and enable investors to make informed decisions. With the booming NFT market, Launchpad XYZ is here to help investors ride the wave with confidence. Launchpad XYZ’s proprietary Launchpad Quotient uses artificial intelligence to assign risk-reward scores to potential
Several major media outlets, including The New York Times, The Financial Times, and Bloomberg, have requested access to a list containing the names of approximately 9 million FTX customers and creditors who lost their money when the exchange filed for bankruptcy in November 2020. While transparency is typically beneficial in legal situations, concerns have been
Senator Elizabeth Warren recently testified before the Senate Armed Services Committee about the use of cryptocurrency in crime and sanctions evasion. During her testimony, Warren highlighted crypto’s use in funding weapons programs, supporting spying, and promoting cyber attacks. She noted that while much cryptocurrency-related crime is hidden, over $20 billion in illicit transactions took place
Amid Argentina’s ongoing financial and economic crisis, Brazilian President Luiz Inacio Lula da Silva has pledged to act as a link between Argentina and the BRICS bloc. The BRICS bloc is made up of Brazil, Russia, India, China, and South Africa. Lula’s commitment is to facilitate economic assistance to help Argentina in its current crisis.
DeeLance, a web3 start-up, is disrupting the $761 billion recruitment sector and remote working with its crypto and NFT-powered metaverse. The platform aims to unite freelancers and employers while offering lower fees compared to existing major web2 freelance websites. DeeLance is conducting a presale of the $DLANCE crypto token to fund the development of its
Onchain Studios, the Miami-based startup, has recently launched a new line of digital collectibles named Cryptoys, featuring classic Star Wars characters like Darth Vader, Luke Skywalker, and Princess Leia. The company partnered with Disney to bring the latest collection to the market. The digital action figures will be accompanied by powerful weapons and will come
