🦎🚀 Not Yours 🪙🚫

Monday, May 1, 2023

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Happy labor day, Geckos!

Turns out you can't just take your sibling's things, as Gary James Harmon of Ohio was just sentenced to over four years in prison for stealing 712 BTC, worth $21 million, from his brother after his brother's arrest in February 2020 for operating a coin-mixing service.

In today's news, SEC serves $4 million in fines to Coinme, JP Morgan to acquire First Republic Bank, and Jack Dorsey's nano mining chip heads to prototype.

Read on!

Which is the Largest Decentralized Exchange?

Uniswap managed to stay on top, with 72% dominance over its competitors in March 2023. Despite seeing an increase in trading volume, other decentralized exchanges failed to increase their market share.

Learn more

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How does zkSync Era make Ethereum faster and cheaper?

We'll explore its new ecosystem with game-changing features and discuss the possibility of an incoming airdrop 👀

Check it out here!

The SEC strikes again

Amidst the SEC's regulatory crackdown on the crypto industry, Coinme was the latest to get charged $4 million in fines for allegedly offering unregistered securities and giving misleading statements on its token UpToken.

On April 28 the Securities and Exchange Commission (SEC) also said it settled charges against Coinme, its subsidiary Up Global SEZC and the CEO of both firms, Neil Bergquist.

CoinTelegraph

Another bank falls

Banking giant JPMorgan is set to acquire First Republic Bank's (FRB) assets after failed attempts to rescue it. JPMorgan and multiple other banks submitted a bid to acquire the assets of troubled FRB on April 29.

FRB was closed on May 1st by the California Department of Financial Protection, after which it entered an agreement with the FDIC as the receiver. The FDIC then entered into a purchase and assumption agreement with JPMorgan to protect depositors.

CoinTelegraph

Is an open-source Bitcoin mining rig coming?

Financial services and technology company Block, owned by former Twitter CEO Jack Dorsey, has announced the completion of its prototype design of its new five nanometre Bitcoin mining chip, claiming that it is the key to decentralizing the supply of Bitcoin mining rigs.

According to Block, financial and technological challenges of developing Bitcoin mining ASICs has resulted in the excessive concentration of bitcoin mining chip production in the hands of a few companies.

CoinTelegraph

Core is a self-custody crypto wallet and web portfolio with real-time data and analytics on DeFi 🔐

Let's explore its key features such as its user-friendly interface, cross-chain transaction signing capabilities, and more!

Check it out here!

In this latest piece from Footprint Analytics, we look at the different types of Web3 games and GameFi's progress from early games centered on DeFi principles all the way to AAA games and their focus on high-quality graphics and playability.

Read it here.