Monthly sales on metaverse platforms have fallen 96% in 2022, The Block’s new report revealed. The Sandbox reclaimed its market dominance among metaverse platforms, while Decentraland finished the year with the most valued metaverse land parcels. According to The Block Research’s 2023 Digital Asset Outlook report, Metaverse platforms brought in $49.2 million in monthly trading…

Jameson Lopp, the co-founder of Casa, shared CoinGecko’s report on the cryptocurrencies that collapsed after being listed on CoinGecko from 2014 to 2022. 3,322 coins introduced during the “meme season” of 2021 are now defunct. According to the report from Julia Ng, CoinGecko’s head of growth, 3,322 cryptocurrencies listed on CoinGecko in 2021 have collapsed,…

Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far. The CCSS certification was created in 2014 specifically for the crypto industry, focusing…

Binance.US has been selected by Voyager Digital as the “highest and best bid” for its assets as part of its Chapter 11 bankruptcy proceedings, the company said on Dec. 19. The deal is valued at $1.022 billion for Voyager’s existing portfolio and “incremental value.” On Dec. 19, Binance.US announced in a blog post the agreement…

Breaking crypto news from the last week (Dec. 10–16, 2022): Dec. 12: The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, following the US authorities filed criminal charges against him. The Bahamas intends to extradite Bankman-Fried after US officials request it. Meanwhile, the “surprising” arrest comes just a day before a scheduled hearing before…

Andreessen Horowitz (a16z) just released an omnibus list of “big ideas” tech builders may tackle in the year ahead, according to various a16z domain partners spotlighting a big idea that startups in their fields may tackle in 2023. The list spans everything from consumer tech and games to enterprise and AI to fintech and of…

Top investment deals across the crypto sector over the last week (Dec. 10–16, 2022): Bitcoin miner TeraWulf raises $10 million TeraWulf restructured a deal with Bitmain that will allow it to expand hashrate further by early 2023. The company also announced that it raised $10 million in fresh capital to repay a convertible promissory note….

Microsoft updated its policy terms to specify it will not allow cryptocurrency mining on its online services without prior written approval. The updated rule came into effect back on Dec. 1 and applies to all Microsoft’s users, including paid customers. The update prohibits users from mining on Microsoft’s online services, largely relating to its cloud…

Revelations that Bankman-Fried secretly funded crypto news publisher The Block deepened mistrust of the crypto industry, notes Christopher Robbins on CoinDesk. The law is catching up with Sam Bankman-Fried (SBF), co-founder and former CEO of collapsed crypto exchange FTX. The whole situation has led to a loss of trust in the cryptocurrency industry, which needs…

Solana has been tangled in FUD since the Solana ecosystem was affected by the FTX collapse, and this has drastically lowered the price of the SOL token. However, this did not deter the Solana team from working on new developments for the network. One example of an upcoming Solana update scheduled to rollout, The Firedancer,…