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Here Is How Metacade (MCADE) Could Make You a Fortune – The Best Gaming Crypto Project in 2023
As the dust settles on a rocky year for crypto in 2022, skilled investors are already assessing the market for a standout opportunity to make mind-blowing profits in 2023. While DeFi has taken a pummeling in light of so many problems, one area breaking the mold and showing much potential for the future is GameFi. One project, in particular, is making waves with its innovative approach to Web3-powered gaming, and so many of those looking for the best gaming crypto projects to invest in for 2023 are being drawn to Metacade. The Metacade presale is underway now and has turned many heads with its unparalleled success. The project’s presale has raised an unbelievable $3.2m in just 9 weeks as investors do everything they can to lock in the future profits that seem inevitable through owning the p...
Europol reports $19.5M in crypto seized in enforcement action against Bitzlato
The operation conducted by authorities across Europe and the U.S. resulted in the arrest of 5 individuals linked to the exchange, including Bitzlato founder Anatoly Legkodymov. News Own this piece of history Collect this article as an NFT The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato. In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or $1.09 billion at the time of publication — moved through Bitzlato were linked to illicit activities. The government agency’s analysis suggested that Bitzlato received more than 2.1 billion euro in cryptocurrencies including Bitcoi...
Bitcoin price stays near $23K as data shows hodlers not selling BTC
Seasoned Bitcoin market participants are anything but willing to take profit, even with the BTC price up 40% in January. Market Update Own this piece of history Collect this article as an NFT Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar sags as risk assets reject retracement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing. The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid a major setback. The mood remained buoyant among risk assets on the day, with the S&P 500 up 1.3% and Nasdaq Composite Index trading 2% higher....
Bitcoin miners’ worst days may have passed, but a few key hurdles remain
A handful of improving metrics show profit margins slowly improving for Bitcoin miners, but key areas of the sector remain under pressure. Market Analysis Own this piece of history Collect this article as an NFT Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite the aftermath of FTX collapse. Bitcoin 7-day average hash rate. Source: Glassnode However, despite the recent robustness in a vari...
Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals
Developers are attempting to attack the forked testnet with malicious nodes to see if they can find vulnerabilities. News Own this piece of history Collect this article as an NFT As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer Marius Van Der Wijden. The new testnet appears to have been created in order to test the conditions needed for Ether (ETH) staking withdrawals, which are currently disabled but are intended to become enabled in the update. Withdrawal-Mainnet-Shadow-Fork-1 is finalizing It started out with a few issues because the config wasn’t correctly applied on geth (we disallow overriding the mainnet config). The config is ap...
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security. Breaking news Own this piece of history Collect this article as an NFT The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets. In a Jan. 20 notice, the SEC alleged Avraham Eisenberg manipulated Mango Markets’ MNGO governance token, allowing him to steal roughly $116 million worth of cryptocurrency from the platform. According to the complaint, Eisenberg allegedly executed a series of large MNGO purchases in order to artificially raise...
Binance SWIFT banking partner set to ban USD transfers below $100K
Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system. News Own this piece of history Collect this article as an NFT Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers. The service disruption will impact users of U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The disruption will take effect on Feb. 1. Binance announced the news to its “Binancians” by email on Jan. 21, stressing that they’re now “actively seeking” a new SWIFT (USD) partner to avoid service disruptions for future bank payment transfers....
Terra lending protocol Mars to launch mainnet
The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during the two snapshots on Terra Classic. News Own this piece of history Collect this article as an NFT The original Terra lending protocol, Mars Hub, has announced it will launch its independent Cosmos application chain on Jan. 31, as well as issue MARS tokens to users who hold it during two snapshots on Terra Classic. According to a Jan. 20 statement, the Mars Hub mainnet will go live with 16 genesis validators, including Block Pane, Chill Validation, Chorus One, Cosmology, CryptoCrew Validators, ECO Stake and others. An additional 34 slots for permissionless validators will be available post-launch. On January 31, Mars Hub Mainnet will go live. – $MARS Airdrop....
Bitcoin derivatives data shows room for BTC price to move higher this week
BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the potential of a brief pause in the crypto market rally. Market Analysis Own this piece of history Collect this article as an NFT This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors’ hope that the United States Federal Reserve will reduce the pace and length of interest rate hikes. For instance, sales of previously owned homes fell 1.5% in December, the 11th consecutive decline after high mortgage rates in the United States severely impacted demand. On Jan. 20, Google announced...
Former FTX US president raises $5M for new crypto software firm
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing “cracks” in his relationship with SBF. News Own this piece of history Collect this article as an NFT The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg. Brett Harrison, who served as president of FTX US between May 2021 and September 2022, has received backing from Coinbase Ventures and Circle Ventures to launch a new software startup. SALT Fund, Motivate VC, P2P Validator, Third Kind Venture Capital, Shari Glazer of Kalos Labs and Anthony Scaramucci also participated in the seed round. His new startup, dubbed Architect, will develop trading software for large institutions looking...
GameFi needs a wider choice of products to take off, says Animoca Brands CEO
A wider choice of quality games is needed to bring the masses into GameFi, according to Robby Yung, CEO of Animoca Brands. Cointelegraph YouTube Subscribe Own this piece of history Collect this article as an NFT The lack of a wide choice of high-quality products has so far prevented crypto gaming from gaining traction among mainstream users, according to Robby Yung, CEO of Animoca Brands. GameFi, or blockchain-backed gaming — one of the newest, most promising crypto sectors — allows gamers to earn monetary rewards and take ownership of items within games. Despite the sector’s enormous potential, the number of products available is still not enough to attract mainstream users, Yung said during Cointelegraph Research‘s recent panel discussion on venture capital investing. Drawing an ex...
Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato news: Hodler’s Digest: Jan. 15-21
Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Genesis’ derivatives, spot trading, broker-dealer and custody businesses are not included in the proceedings, according to the company. In an effort to maintain liquidity, Genesis parent company Digital Currency Group suspended dividend withdrawals. Bitzlato and its founder face enforcement actions from US authorities Uni...
