The Polium One Is A Web3 Console That Will Never Get Released

The Polium One Is A Web3 Console That Will Never Get Released

Image: shomos uddin / Polium / Kotaku (Getty Images) The Polium One is the answer to a question no one has ever, nor will ever, ask. It is a “next-gen console for web3 gaming.” Which is to say, a render on a website for a fictional machine that I believe will absolutely will never get … Read more

Here’s why a multi-million toy business is venturing into the metaverse

Here's why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old … Read more

Here’s why a multi-million toy business is venturing into the metaverse

Here's why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old … Read more

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to … Read more

FTX, other crypto firms ditch sports deals as market collapses

FTX, other crypto firms ditch sports deals as market collapses

Cryptocurrency companies poured billions of dollars into sports sponsorships in 2021 — but this year’s downturn has made the flood of cash dry up, The Post has learned. As a so-called “crypto winter” takes hold and companies look to trim costs, firms that splurged heavily on sports deals last year are now looking to cut … Read more

Bitcoin (BTC) rebounds but struggles to hold above $20,000

Bitcoin (BTC) rebounds but struggles to hold above $20,000

Bitcoin continues to trade around the $20,000 mark, keeping investors on edge about where the price is going next. Nurphoto | Getty Images Bitcoin jumped 10% on Monday after a sharp sell-off over the weekend but continues to teeter around the $20,000 mark, keeping investors on edge. The world’s largest cryptocurrency was trading at $20,648.50 … Read more

What is staked ether (stETH) and why is it causing havoc in crypto?

What is staked ether (stETH) and why is it causing havoc in crypto?

Ether is the second-largest cryptocurrency in the world by market value. Jaap Arriens | NurPhoto via Getty Images Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for … Read more

Elon Musk Says He Is Buying the Crypto Dip

Elon Musk Says He Is Buying the Crypto Dip

This is undoubtedly the wake-up call the cryptocurrency market needed. Now, will this be enough to stabilize prices, the next few hours will tell, but there are still many questions, especially about the solvency of many crypto projects and firms. Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Reportand one of the … Read more

We’re Sorry, But We Can’t Return Your Money Right Now: Crypto Market Talk

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Cryptos excruciating week has traders bracing for next crisis It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We’re sorry, but we just can’t return your money right now. In between, a nascent technocratic industry … Read more

Coinbase’s layoffs show growing callous side of crypto’s plummet

Coinbase's layoffs show growing callous side of crypto's plummet

Let’s start with the premise that there’s never a perfect way to tell people they’re being “downsized,” a ridiculous euphemism for the dreaded corporate layoff. But there are better ways than what went down at Coinbase last week. Yes, you can break the bad news and make people feel like they’re more than just numbers … Read more