Day: April 7, 2023

Polygon becomes second-largest gaming blockchain after user activity surges in March

Brian Quarmby

Surging user activity on Ethereum layer-2 scaling solution Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to the “Blockchain Games Report” published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, marking an increase of 53% from February. That figure places Polygon well ahead of third and fourth-ranked Hive and BNB Chain at 84,000 and 80,000 UAWs, respectively, while first-placed Wax is well ahead of the pack…

Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’

Brian Quarmby

Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.” Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2 weeks of April for crypto policy as legislation and oversight of the regulators ramps up. Stay tuned https://t.co/ZSsTFJ9pt7 — Ron Hammond (@RonwHammond) April 7, 2023 During an April 7 appearance on the Unchained podcast hosted by author and crypto…

Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital

Eliza Gkritsi

The complaint, filed with the Southern District of New York on Friday, alleges Gryphon CEO Rob Chang wired 18 of Sphere 3D’s bitcoin to an address belonging to a fraudster who masqueraded as Sphere 3D’s chief financial officer in January, and another eight bitcoin to the same address a few days later. The lawsuit also alleges Gryphon provided “abhorrent” services to its partner and misrepresented Sphere 3D’s computing power as its own in public disclosures. Author: Eliza Gkritsi Source link

U.S. Adds 236K Jobs in March Versus Forecasts for 239K

Anthony B

Data from earlier this week began to hint at some weakness in the labor market, with the ADP on Wednesday reporting just 145,000 private sector jobs added in March versus 210,000 expected. Then on Thursday, the Department of Labor reported weekly initial jobless claims of 228,000 against forecasts for just 200,000. In addition, the previous week’s 192,000 initial claims was revised up to 246,000. Author: Stephen Alpher Source link

Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm

Anthony B

“In addition, prior to March 2021, there were deficiencies at Robinhood in its review and approval process for options and margin accounts, weaknesses in the firm’s monitoring and reporting tools, and insufficient customer service and escalation protocols that in some cases left Robinhood users unable to process trades even as the value of certain stocks was dropping,” the DFPI said. Author: Sandali Handagama Source link