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Epic Games is steaming ahead with plans to list NFT games on its store, while the second 3AC NFT auction on Sothesby's is slated to take place this month. The Pixel Penguin alleged ‘charity project rug’ Nonfungible-token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a “charity project rug.” The project quietly launched in February, but drew a lot of attention on May 31 following a Twitter thread from Web3 influencer Andrew Wang. I woke up today to see one of my friends trending on twitter, @Hopeexist1. she made a collection to help herself battle cancer and some awesome web3 people spotlighted her today, so i'd like to add to it pic.twitter.com/Fr5Mcu26eR — andrew wang (@andr3w) May 30, 2023 Wang claimed his friend Sarah, known as Hopeexist1 online, was the creator of Pixel Penguins, and noted that she had “made a collection to help herself battle cancer.” At a $13 mint price, Wang claimed that 20% of the p...

Join Our Telegram channel to stay up to date on breaking news coverage Brian Armstrong, Coinbase CEO, points out that a failure to provide regulatory clarity to the crypto industry in the U.S. will be beneficial to China. This comes days after the U.S. declined to incorporate new trading restrictions. In an editorial published by MarketWatch on Tuesday, Armstrong stated; “The U.S. and other democratic nations are up against digital systems promoted by an ambitious adversary, China.” He further warns that while recent volatility in crypto markets may tempt policymakers in the U.S. to “write it off as an unstable asset class,” doing so could result in the United States losing its position as a financial leader and innovation hub. Coinbase, on the other hand, has also requested clarification from the Securities and Exchange Commission (SEC) on which digital assets qualify as securities, arguing against the agency’s “regulation by enforcement...

There is no online retail store that maintains the user base and activity that Amazon does. Whether you’re in the market for household items, electronics, or sports memorabilia, the online megastore has it all. Yet, among the plethora of purchasable items, comes the question of what payment methods the online store accepts. Specifically, let’s look at how to use an AMEX gift card on Amazon.  Gift cards can be the perfect gift for someone. It allows them agency over purchasing what they want, with funds that you have provided. Moreover, for those gifting these payment options, or having just received one, let’s look at how it can be used on the online platform. Does Amazon Accept Amex Gift Cards? Source: Financial IT Now, before we uncover how to use the payment method, we have to answer if the online retailer accepts it. Luckily, Amazon doe accept American Express gift cards, but not in the traditional sense.  Amazon does not allow you to simply input a gift card at ...

According to a report from the South Korean media, the leading crypto exchange Binance has taken part in a “virtual asset exchange working meeting” today, organized by the National Police Agency, in which the agency discussed its plans on a novel system to be implemented in the crypto exchanges. The report published on May 30 declared that the agency has decided to implement a new system in the crypto industry in which investors could verify crypto wallet addresses and put forward requests for freezing funds when needed. The building of the new system is applicable to five major Korean crypto exchanges as well as Binance. It was in February 2023 when Binance returned to the Korean crypto market by investing in the leading South Korean crypto firm GOPAX, which had halted withdrawals in November 2022, as “a consequence of the upstream challenges experienced by Genesis Global Capital, LLC”. Binance cited GOPAX’s commitment to the crypto community as a reason for supporting the...

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase. Due to concerns expressed about the security elements of Ledger Recover, the hardware wallet manufacturer decided to postpone the launch of its service. On May 23, Charles Guillemet, chief technology officer of Ledger, explained in a Twitter thread that Ledger will “accelerate our open-sourcing roadmap to bring more verifiability to everything we do.” Ledger’s mission is, and will always be, to provide our users with the right tools to own their digital value securely. We have decided to accelerate our open-sourcing roadmap to bring more verifiability to everything we do. A thread pic.twitter....

A total of 517,000 token votes favored the proposal, with none opposing it. The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures. On May 26, the proposal to restore control to the original governance tokenholders of Tornado Cash passed successfully. A total of 517,000 token votes favored the proposal , with none opposing it. This resolution brings a swift conclusion to a governance takeover that, fortunately, did not impact the protocol itself, but did lead to the theft of specific governance tokens. A screenshot showing the voting results. Source: Tornado Cash By successfully orchestrating a takeover of the protocol’s governance system, the attacker maneuvered a malicious proposal that granted them 1.2 million votes. Leveraging this significant...

Following its highly-publicized Shapella upgrade that occurred earlier this year, Ethereum has taken some vital steps toward its upcoming Cancun upgrade. Moreover, the development should have a significant impact on the structure of the network.  Ethereum core developers have recently discussed a variety of Ethereum Improvement Proposals (EIPs). Subsequently, these discussions, and coordinative conversations regarding their integration, mark a massive step forward for the progress of the upgrade. Source: TradeStation Another Ethereum Upgrade Takes Steps Forward Few blockchain networks have taken such drastic steps toward improving their utility as Ethereum has. Moreover, its Shapella upgrade marked a massive moment for the network. Now, another evolution of the blockchain is rapidly arriving.  Specifically, Ethereum has taken a notable step toward its impending Cancun upgrade. Indeed, U.Today reported that discussions have centered around the impact Analysis of two EIP...

Investors also considering PCE core inflation data for April, which is US Federal Reserve’s preferred gauge to measure inflation. Core PCE inflation rises to 4.7%, against market expectations of 4.6%. advertisement US Debt Ceiling Deal Almost Complete US President Joe Biden and Republican Kevin McCarthy reached bipartisanship to raise the U.S. government’s $31.4 trillion debt ceiling for two years and cap spending on everything except military and veterans. The deal is expected to complete on Friday, May 26. The White House scrapping its plan to boost funding for the Internal Revenue Service (IRS). Interestingly, health and retirement programs that push U.S. debt levels higher are not impacted. Meanwhile, The US Treasury Department plans to cover expenses for another week by selling $119 billion worth of debt. The move comes as credit rating agencies such as Fitch put US credit on negative watch. Recommended Articles ...

Shiba Inu is a prominent meme coin, earning its place as the second largest meme coin. The team behind SHIB has shown consistent efforts towards its development, as evident from its various developments, such as the Shiba Inu Burn initiative. The SHIB burn rate as of today though, has dropped dramatically. The burn rate of SHIB has gained a reputation for its fluctuating nature, with some days experiencing a significant increase while others see a decline. The burn rate has been quite consistent over the past few days, with billions burned every day. On certain days, the burn rate has also soared by over 8,000%. Also read: Terra’s Do Kwon Faces Bail Revocation in Montenegro However, according to the latest data from Shibburn , the burn rate has dropped by -97% in the last 24 hours. Source: Shibburn Shiba Inu burn rate drops by -97% The latest data shows that only  30,242,040  SHIBs were sent to dead wallets in the last 24 hours. This has also sent the Shiba Inu ...

The year 2022 saw a wave of insolvencies in the crypto market, with numerous firms filing for bankruptcy. Among them was the Celsius Network , a prominent crypto lender, which was one of the early casualties. However, nearly a year later, the assets of the company have been successfully acquired by another firm. Coincidentally, Celsius ’s funds were being acquired by a crypto consortium called Fahrenheit. The consortium entails several buyers. Notable participants in this group include venture capital firm Arrington Capital and miner U.S. Bitcoin Corp. The group is set to acquire Celsius ’s institutional loan portfolio, staked crypto mining unit, and other alternative investments. To finalize the deal, the consortium is required to make a deposit of $10 million. This should be done within three days, as stated in the court filings. The way forward for Celsius & Fahrenheit In the latest deal, the new firm will acquire about $450 to $500 million worth of liquid crypto assets....

He may well be one of the most divisive figures in American history and nearly gravitational in societal discourse. Moreover, it was that status that made the arrival of President Donald Trump ’s collection of non-fungible tokens so interesting. So, following their arrival and subsequent sell-out, we tell you how to buy a Donald Trump NFT.  The digital cards that feature various interpretations of the former US president were quite interesting. Moreover,  the series of Trump digital trading cards presented a must-have for some digital assets and NFT collectors.  The Donald Trump Collection Source: MarketWatch Firstly, let’s uncover just what the Donald Trump NFTs are before we observe how to acquire them. Trump announced these NFT trading cards in December 2022, to a rather rambunctious reception. Subsequently, the assets saw great success in their initial sale.  Following the original announcement, the Trump NFT trading cards had actually sold out in the first 24 hou...