Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

The Unraveling of a Crypto-Friendly Giant: A Settlement Saga In the ever-turbulent sea of digital currencies and blockchain ventures, a recent development has caught the eye of many: the hefty $68 million settlement by Silvergate Capital Corporation This development is not just about the numbers, but it's a significant marker in the evolving landscape of crypto banking and its regulation Let’s dive into the intricacies of this settlement and what it signifies for the future of cryptocurrency banking The Beginning of the Storm Early in 2023, the financial world witnessed a series of U S...

The Security Breach: Loss and Recovery In a gripping turn of events, Munchables, a game built on the blockchain and leveraging non-fungible tokens (NFTs), faced a dire situation that would test the resilience and integrity of their platform The game became the victim of an internal compromise when a developer made off with a staggering sum of Ether The incident, which could have spelled financial ruin, took a fortunate turn when the developer returned the pilfered funds This episode was a wake-up call for Munchables, propelling them to overhaul their security strategy to prevent future breaches The platform's response was swift and multifaceted, aimed at tightening security lapses and beefing up safeguards...