crypto
Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain
Abu Dhabi, Abu Dhabi, 31st January, 2023, Chainwire Venom Ventures Fund, a Web3 and… The post Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
Metacade Plans Unveiled: The Best Metaverse Gaming Community All-in-One
Decentraland (MANA) and The Sandbox (SAND) are great examples of the high returns that… The post Metacade Plans Unveiled: The Best Metaverse Gaming Community All-in-One appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
Burning Man’s Mayan Warrior Is Using Blockchain Tech to Fund Art On the Playa
Fans of the legendary Burning Man metropolis and its devoted Mayan Warrior community have a new way to preserve its future prospects both on and off the playa. Blockchain technology has long been lauded as a more transparent and cost-effective means of fundraising. Now Mayan Warrior, one of the world’s premier artistic communities is embracing its possibilities. The organization, which operates as a 501(c)(3), has announced the “Mayan Warrior Amulet,” an offering of digital assets to directly support the artistic endeavors that have built the community into a creative powerhouse over the last decade. By purchasing the blockchain-powered assets, the community’s members can directly fund artists to help “produce, bring, and display their live interact...
‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus
Bitcoin (BTC) and crypto will need until at least 2024 to “recover from the abuse of unscrupulous players,” says one of the industry’s best-known names. In a blog post released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years. Marcus: “Crypto winter” will likely last until 2025 Less than two months after the FTX meltdown, the repercussions continue to unsettle sentiment and price performance alike. For Marcus, famous for his crypto role at Meta and before that PayPal, bad actors have a lot to answer for, and their specter will remain with the crypto industry beyond 2023. While mentioning FTX only once, he referenced what he called “unscrupulous players” dragging out marke...
10 predictions for crypto in 2023
This year has been a particularly tumultuous one for the crypto market, with many decentralized and centralized entities failing or struggling to stay afloat. It feels as though we are in the final stages of the bear market, with bad actors and practices being purged in a process that is both dramatic and necessary for the maturity of the entire system. Despite this, the Web3 technologies that emerge from this crypto winter will change everything. Web3 represents the next evolution of information exchange, with similarities to the transformation from a largely agricultural society to a more industrial one. It is a computing fabric that is designed to put humans at the very center and prioritizes privacy. Blockchain technology will bring about a new way of interacting with the interne...
Community slams NYT for its latest ‘sympathy piece’ on FTX’s Bankman-Fried
The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” article from The New York Times written about FTX founder Sam Bankman-Fried. In the Dec. 26 article published titled “In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried,” New York Times journalist Rob Copeland quotes local Bahamians who appeared to have mostly positive things to say about the cryptocurrency exchange founder. One resident opined he had a “good heart,” with another local saying they “feel bad for him.” A resident interviewed for the article even said it “doesn’t make any sense” that Bankman-Fried’s alleged crimes landed him in prison. The article suggests that the glowing reviews of Bankman-Fried by locals stem from his millions of dollars i...
Web3 community shares tips for a successful GameFi project
As the GameFi space continues its journey to attract gamers to a new gaming paradigm, community members shared their takes on what they think a mature GameFi project needs to succeed. From creating e-sports competitions with huge prize pools to making the game tokens more relevant for the token holders, GameFi community members shared their takes on what the space needs. One Reddit user suggested that GameFi projects need to appeal to several target audiences. This includes whales who will provide funding, earners who are mostly kids and people from developing countries and those who play for fun that will leave good reviews for the game. Another community member pointed out the need to improve the reputation of the space. According to the Redditor, there are some that consider GameF...
GameStop to drop crypto efforts as Q3 losses near $95M
Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department. On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does not currently hold a material balance of any token,” adding: “Although we continue to believe there is long-term potential for digital assets in the gaming world, we have not and will not risk meaningful stockholder capital in this space.” Earlier this year the company said it was looking at crypto, along with nonfungible tokens (NFTs) and Web3 applications, as avenues for growth calling these spaces “increasingly relevant for gamers of the fut...
Metallica Warn Fans About Crypto Cons Tied to New Album: ‘These Are Scams’
Metallica warned fans on Monday (Dec. 5) that crypto scammers are trying to capitalize on the exciting news of their new album single and tour by posting fake giveaway offers. “In the wake of last week’s exciting news of our new song, new album, and new tour, unfortunately the ugly side of social media made an appearance. Many of you have let us know about YouTube channels and live streams, as well as websites, claiming to offer Metallica Crypto giveaways in conjunction with last week’s announcement,” they wrote. Last week, the long-running metal legends announced the release date for their 12th studio album, 72 Seasons (April 14, 2023), as well as blitzing new single, “Lux Æterna” and dates for their massive 2023 world tour. “Let’s be as clear as possible. These are scams,” the band conti...
How much is Bitcoin worth today?
Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps, and the BTC price is constantly changing. It doesn’t matter which currency or commodity is used to measure how much a bitcoin is worth — BTC is always live and the market is always open. It wasn’t always that way — in the beginning, before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at tiny prices — at one point even less than a single U.S. dollar cent. Since those days, however, the Bitcoin price has gone up millions of percent. As of December 2022, one bitcoin is worth (BTC). It’s also easy to compare different prices across the crypto market — there’s no need to rely on a single source, and the market is always at work finding consensus. Want to know ...
Programming languages prevent mainstream DeFi
Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion. Total value locked in DeFi as of Nov. 2022. Source: DefiLlama The elephant in the room? More than $10 billion was lost to hacks and exploits in 2021 alone. Feeding that elephant: Today’s smart contract programming languages fail to provide adequate features to create and manage assets — also known as “tokens.” For DeFi to become mainstream, programming languages must provide asset-oriented features to make DeFi smart contract development more secure and intuitive. Current DeFi programming languages have no concept of assets Solutions that could help reduce DeFi’s pe...
Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky
Bitcoin (BTC) is forecasted to be a less enticing payment choice by cybercriminals as regulations and tracking technologies improve, thwarting their ability to safely move funds. Cybersecurity firm Kaspersky in a Nov. 22 report noted that ransomware negotiations and payments would rely less on Bitcoin as a transfer of value as an increase in digital asset regulations and tracking technologies will force cybercriminals to rotate away from Bitcoin and into other methods. As reported by Cointelegraph, ransomware payments using crypto topped $600 million in 2021 and some of the biggest heists such as the Colonial Pipeline attack demanded BTC as a ransom. Kaspersky also noted that crypto scams have increased along with the greater adoption of digital assets. However, it said that people have be...
