Wednesday, November 29, 2023
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Bitcoin has sustained its bullish momentum, crossing the $38,000 mark per coin for the second time within a week. This surge follows dovish comments from the Federal Reserve.
Waller expressed confidence that current policies are well-positioned to address inflation and guide the economy back to a 2 percent inflation target, despite acknowledging that inflation remains elevated.
In other developments, Animoca Brands has become the largest validator on the TON blockchain, Neon Machine (the studio behind Shrapnel) is entangled in a legal battle, dYdX has initiated the distribution of trading rewards, and Chainlink has upgraded its staking mechanism.
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24h Hot Searches Worldwide 🔥 | | United States v Crypto: $12B in Top 15 Lawsuits Settled | | While Janet Yellen described Binance's $4.3B settlement as "historic penalties", Celsius was dealt an even heavier $4.7B settlement in July.
The SEC, which was not part of the Binance settlement, won its biggest settlement of $1.2B with Telegram/TON Issuer in June 2020. | | | | How has Solana been doing post-FTX implosion? Find out what's been happening with Solana in this video! | | | Largest Validator on TON
Gaming and metaverse-focused venture capital firm, Animoca Brands, has invested in the TON ecosystem and has become the largest validator on the TON blockchain.
Animoca Brands, based in Hong Kong, is providing support for third-party gaming projects within the ecosystem by backing TON Play, the gaming infrastructure project of the network.
CoinDesk | |
Legal Shrapnel
Neon Machine, the game studio responsible for the forthcoming first-person shooter blockchain game Shrapnel, is entangled in a legal dispute over an alleged coup within the company.
Six founders of the studio, which originated from HBO in 2020, have filed a lawsuit in the Delaware Court of Chancery against Cort Javarone, CEO of 4D Factory investment firm and one of Neon's investors, along with Steve Horowitz, an equity holder in 4D, and Scott Honour of private equity firm Northern Pacific Group. The lawsuit was first reported by Law360 on Monday.
Decrypt | | Protocol Upgrades
The Cosmos-based Layer 1 dYdX Chain has initiated the distribution of rewards (DYDX) accumulated from trading activities to users. This follows the start of full trading on the decentralized derivatives trading protocol, which received approval through a decisive governance vote.
In parallel, the decentralized computing protocol Chainlink has upgraded its native staking mechanism, unveiling Chainlink Staking v0.2 with an increased pool size of 45 million. This expansion aligns with Chainlink's Economics 2.0 initiative, designed to enhance the network's security.
The Block | The Block
| | | Learn about crypto index funds and how they offer investors an easy approach to diversifying their portfolio through exposure to a basket of cryptocurrencies based on a certain index. |
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