The creditor's committee and FTX lawyers have raised several arguments in objecting to Bankman Fried’s request. A hearing date is set for April 12.
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Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay.
Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot.
Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.
“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.
EVE Online, MapleStory to get Web3 treatment
While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay.
Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot.
Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.
“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.
EVE Online, MapleStory to get Web3 treatment
While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics and immersive gameplay.
Select invitees got a first look at Shrapnel at GDC. (Shrapnel/Twitter)Select visitors were treated to a hands-on experience with the pre-alpha version of the game. Set in the year 2044, Shrapnel takes place in a post-apocalyptic world. Players must navigate the “sacrifice zone,” where they collect NFT gear and a compound named Sigma. They can win by reaching an extraction point where they can escape with their loot. If they die, they lose their loot.
Shrapnel founder Mark Long told Cointelegraph at GDC that for his team, it’s all about the gameplay first. He added that while the demo took place behind closed doors this time, more people would be able to play Shrapnel next month.
“Anyone at ConsenSys will be able to play it on the show floor,” he says, referring to the conference in Austin, Texas, in late April.
EVE Online, MapleStory to get Web3 treatment
While Shrapnel was hogging the limelight, EVE Online creators CCP Games announced they raised $40 million in a round led by a16z to develop a new AAA title set in the EVE universe.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.
Shrapnel wows at GDC, Undead Blocks hot take, Second Trip: Web3 Gamer
First-person shooter Shrapnel blows gamers away at GDC, Otherside’s Second Trip vs Fortnite, Callan gets killed by zombies over and over.
FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin Gruenberg
The Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.
Anti-TikTok RESTRICT Act could be turned against crypto and much else, think tank warns
Experts are speculating on ways the Act could be misused, if passed, and finding potential threats to technologies people love.
Optimism reigned at Paris Blockchain Week
Careful optimism was the theme at this year's Paris Blockchain Week. Builders will build and the crypto community will keep going.
Arbitrum airdrop-related selling subsides, but Dapp use sustains while smart money accumulates ARB
The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens.
Arbitrum airdrop-related selling subsides, but Dapp use sustains while smart money accumulates ARB
The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth.
Arbitrum ecosystem tokens sees sell-the-news type event
The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT).
The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announcement and the actual airdrop on March 23.
The report added, “On the day the airdrop happened which marked the launch of the $ARB token, the prices of ecosystem tokens began to decline, suggesting a classic “sell the news” event.”
Arbitrum ecosystem tokens after the airdrop announcement (vertical red line) vs. theactual airdrop (vertical blue line). Source: An Ape’s PrologueMoreover, the Arbitrum airdrop included a 1.1% allocation out of the total ARB's supply of 12.75 billion for the DAOs in the ecosystem. This was also a reason behind the bullish thesis around the Arbitrum ecosystem, as the DAOs will get a chance to promote usage through ARB incentives.
Mysterious entity may be collecting BTC users' IP addresses — Bitcoin developer
The entity reportedly uses a range of 812 different IP addresses to obscure its identity while collecting data.
Mysterious entity may be collecting BTC users' IP addresses — Bitcoin developer
The entity reportedly uses a range of 812 different IP addresses to obscure its identity while collecting data.
Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork
For the past twelve days, the price of Ether (ETH) has been trading in a narrow descending range. Surprisingly, not even the news of Binance and Changpeng "CZ" Zhao being sued by the Commodity Futures Trading Commission (CFTC) was enough to break the support level.
Ether (ETH) price index in USD, 12-hour. Source: TradingViewThe lawsuit, filed on March 27, claimed that Binance provided derivatives trading services to U.S.-based customers without first obtaining a derivatives license. Additionally, the US Securities and Exchange Commission served Coinbase with a Wells notice on March 22.
Even if traders saw no reason to reduce their Ether positions due to increased regulatory risk, Binance holds 35% of the open interest in Ether futures. Therefore, if traders are suddenly compelled to liquidate their positions or if there is a sudden reduction in liquidity after U.S. entities are effectively barred from Binance's markets, one should anticipate a significant impact on Ether derivatives markets.
One could point to the market's resiliency after BitMEX derivatives exchange lost its longtime market share advantage following a 30-minute outage in March 2020 during a Bitcoin crash. However, there is no way to predict the outcome of the regulators' case against Binance, so it would be naive to assume that there is a zero percent chance of a service interruption — even if it means clients can close positions and withdraw assets.
Instead of focusing solely on the ETH price, it is essential to closely monitor Ether derivatives to understand how professional traders will react.
Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork
ETH investors appear unconcerned about the regulatory challenges facing the crypto market and are instead selecting to focus on the network’s next upgrade.
Ethereum bulls ignore regulatory action against exchanges by preparing for the Shapella hard fork
For the past twelve days, the price of Ether (ETH) has been trading in a narrow descending range. Surprisingly, not even the news of Binance and Changpeng "CZ" Zhao being sued by the Commodity Futures Trading Commission (CFTC) was enough to break the support level.
Ether (ETH) price index in USD, 12-hour. Source: TradingViewThe lawsuit, filed on March 27, claimed that Binance provided derivatives trading services to U.S.-based customers without first obtaining a derivatives license. Additionally, the US Securities and Exchange Commission served Coinbase with a Wells notice on March 22.
Even if traders saw no reason to reduce their Ether positions due to increased regulatory risk, Binance holds 35% of the open interest in Ether futures. Therefore, if traders are suddenly compelled to liquidate their positions or if there is a sudden reduction in liquidity after U.S. entities are effectively barred from Binance's markets, one should anticipate a significant impact on Ether derivatives markets.
One could point to the market's resiliency after BitMEX derivatives exchange lost its longtime market share advantage following a 30-minute outage in March 2020 during a Bitcoin crash. However, there is no way to predict the outcome of the regulators' case against Binance, so it would be naive to assume that there is a zero percent chance of a service interruption — even if it means clients can close positions and withdraw assets.
Instead of focusing solely on the ETH price, it is essential to closely monitor Ether derivatives to understand how professional traders will react.
Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report
The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.
Price analysis 3/29: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market.