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Showing posts from February, 2023

Gaming engine Unity adds MetaMask functionality among new Web3 tools

Blockchains Solana and Tezos were also among the 13 “vetted” crypto platforms added to Unity’s Asset Store. Video game development platform Unity has added a slew of crypto platforms to its asset store aimed at assisting developers interested in Web3 technology to streamline decentralization efforts. Unity said on Feb. 28 it had released a new “Decentralization” category page in its asset store with “vetted” crypto platforms to support developers interested in merging decentralization into their projects. Crypto wallet provider MetaMask was one of the 13 platforms featured on the store, with its Software Development Kit (SDK) added to help developers enable users to connect their MetaMask wallet to "any game developed on Unity.” It has come The launch of the MetaMask SDK in the Unity Asset Store will allow devs to connect their games to the wallet, enabling users to interact with web3-enabled Features within the game itself. Get ready for a whole new level of gameplay! https:/

'Golden Key' NFT Sold to Billionaire for 1000 ETH

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32 is one of the most widely associated numbers with Ethereum. In fact, several datasets have been specially created to track the state 32+ token holders, for it serves as a proxy to the robustness of the network. However, on Tuesday, Feb. 28, ETH was trending with another number as the prefix. With over 10.8k tweets, “1000 ETH ” was the talk of the crypto town at press time. Source: Twitter Also Read: Ethereum’s ‘Sepolia Shapella’ Upgrade Successfully Executed Well, the same was associated with an NFT sale. Kyle “Mongraal” Jackson recently sold his “Dookey Dash” key NFT to billionaire Adam Weitsman for a whopping 1,000 ETH [worth $1.6 million]. Mongraal previously offered the NFT for 3,333 ETH [$5.4 million].  Announcing the same, he tweeted, “I have agreed to sell the key for 1000 ETH to Adam Weitsman. Super nice guy and thrilled the sale went through with him.” I have agreed to sell the key for 1000 ETH to @AdamWeitsman. Super nice guy and thrilled the sale went

CoinFLEX Wants $4.3 Million Back From Blockchain.com

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Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency exchange CoinFLEX has said that it will start legal proceedings if Blockchain.com fails to refund $4.3 Million worth of FLEX tokens, according to a demand notice on February 24. The demand comes after the crypto exchange lent the Luxembourg-based financial services company a cumulative 3,000,000 FLEX coins in 2022. The amount consists of four separate loans allegedly issued between March and June. CoinFLEX Claims https://t.co/FyOohiuiti Owes Over $4.3M in FLEX ► https://t.co/oYQ93NHc1H https://t.co/oYQ93NHc1H — Decrypt (@decryptmedia) February 26, 2023 In the demand notice, CoinFLEX gives Blockchain.com until March 7 to confirm refund plans. According to the crypto exchange, failure to do so will compel them to commence legal proceedings, including “a formal demand for payment dubbed statutory demand. Blockchain.com will only have an extra three weeks to return the funds if the latter take

PlayStation Mentions Shiba Inu: A Game To Save ‘Humanity’ From Being Extinct

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The world’s leading gaming console Sony PlayStation mentioned Shiba Inu on Friday during a new game announcement on Twitter. The game titled ‘Humanity’ allows players to take the character of a Shiba Inu dog and save humanity after the global population has lost their souls and willpower. The Shiba Inu dog breed plays the central role to guide and protect the human population from being extinct. The game will be released in May 2023 and will be available on the PlayStation Virtual Reality 2 (VR 2). Also Read: SHIB: Investment of $3,400 Turns Into $1.55 Billion in 14 Months “In a world where humanity is lost – without soul, without intellect, without a will of their own – the fate of all mankind rests upon the wits and determination of a lone savior: youz Oh, did I mention you’re a Shiba Inu?” read PlayStation ’s blog about the upcoming Humanity game. The central plot of the game is to make the Shiba Inu dog guide the lost souls from trials to eventually make them reach t

Biconomy Price Prediction for Today, February 24: BICO/USD Heads to the $0.55 Resistance

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Join Our Telegram channel to stay up to date on breaking news coverage The Biconomy price prediction reveals that BICO may follow the bullish movement as the coin hovers around the $46 resistance level. Biconomy Prediction Statistics Data: Biconomy price now – $0.46 Biconomy market cap – $219.7 billion Biconomy circulating supply – 480.9 million Biconomy total supply – 1 billion Biconomy Coinmarketcap ranking – #156 BICO/USD Market Key Levels: Resistance levels: $0.60, $0.65, $0.70 Support levels: $0.30, $0.25, $0.20 BICOUSD – Daily Chart According to the daily chart, BICO/USD is likely to touch the nearest resistance level of $0.50 as the coin heads to the upside. However, traders can see that this crypto’s difficult period is over as it is trying to create a new trend. The Biconomy price is currently trading at $0.46 after touching the daily high at $0.52 above the upper boundary of the channel. Biconomy Price Prediction: BICO/USD Gets Ready for the Upward Movem

Emojis count as financial advice and have legal consequences, judge rules

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Former SEC branch chief Lisa Braganca warned the public of the legal consequences of using the emojis. A judge from the United States District Court of the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags mean "a financial return on investment," according to a recent court filing.  In a tweet, former United States Securities and Exchange Commission (SEC) branch chief Lisa Braganca warned users of the potential legal consequence of their use of such emojis that may indicate future gains. She tweeted: A federal court judge ruled that these emojis objectively mean "one thing: a financial return on investment." Users of these emojis are hereby warned of the legal consequence of their use. #emojis #rocketshipemoji #DapperLabs https://t.co/4yRfWBH96R — Former SEC Branch Chief Lisa Braganca (@LisaBraganca) February 23, 2023 Braganca shared the link to a court filing where federal court judge Victor Marrero denied Dapper

Base: Coinbase Announces New Ethereum L2 Network's Testnet Launch

Macroeconomic conditions continue to be wobbly. Despite that, developers have been tirelessly working. As a result, network upgrades have been consistently taking place within the ecosystem. On Feb. 23, Coinbase announced the testnet launch of an Ethereum layer 2 network, Base. The solution offers a secure, low-cost, developer-friendly way for users to build dApps. Notably, Base is built on the MIT-licensed OP Stack in association with Optimism. Coinbase intends to make “on-chain” the next “online” and get over a billion users into the ecosystem. To achieve the objective, Base will serve as both a “home” for Coinbase’s on-chain products and an “open ecosystem” for users to build. Also Read: JPMorgan Raises Coinbase Price Target to $57 Base to be incubated “inside” Coinbase Will Robinson, VP of Engineering, revealed that Base will be incubated “inside of Coinbase.” However, the team remains committed to “full decentralization” eventually. Nevertheless, the exchange has “no pl

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager

According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy In a filing in bankruptcy court registered on Feb. 22, 2023, the U.S. Federal Trade Commission (FTC) detailed that it is investigating the marketing schemes of the crypto firm Voyager Digital. “The FTC has commenced an investigation into certain acts and practices of [Voyager] and [the] debtors’ employees, directors, and officers, for their deceptive and unfair marketing of cryptocurrency to the public,” the complaint explains. The FTC filing says the proposed sale of the debtor’s assets would interfere with the current probe, which could essentially discharge Voyager and specific staff members from alleged “fraud-related

Lebanon Financial Crisis: Banks Torched After Pound Taps New Low Versus the US Dollar

The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongoing strike by banks demanding the passage of capital control legislation has compounded matters for residents. Lebanese Pound Devaluation According to several local media reports, Lebanon’s currency recently plunged to a new all-time low of 80,000 per U.S. dollar on the unofficial foreign exchange market. The Lebanese pound’s fall on the parallel market came less than a month after it was devalued by more than 90% on the official market. Although the currency’s devaluation from 1,507 to 15,000 per dollar was seen as monetary authorities’ attempt to unify the pound’s multiple exchange rates, some experts have argued that the new official exchange rate is pegged way below the rates where most trade takes place. The currency’s latest plunge meanwhile has piled more misery on Lebanese resi

FTX Japan To Allow Withdrawals – Why Only Japan?

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Join Our Telegram channel to stay up to date on breaking news coverage The Japanese subsidiary of the bankrupt crypto exchange FTX has revealed its plan to resume fiat currency and crypto assets withdrawal for their users through its blog post. According to the announcement, FTX Japan will enable customers to withdraw their funds starting from February 21, months after suspending its services. After a three-month wait, users of FTX Japan will finally be able to withdraw their assets. However, the privilege does not extend to any of the exchange's international counterparts. https://t.co/BhdYjbWDfr — Cointelegraph (@Cointelegraph) February 20, 2023 The platform revealed that its customers would withdraw their assets via Liquid Japan’s website. Liquid Japan is a crypto exchange licensed under the Japanese payment service that its parent company, FTX, acquired in February last year. However, as per FTX Japan, customers who have their assets in their accounts would need to

Aragon Project Adds $20M ETH To Treasury For Safety After FTX Crash

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The Aragon Project increased its ether (ETH) holdings by more than $20 million to increase its exposure to censorship-resistant cryptocurrencies. According to its weekly report, Aragon exchanged $20,400,000 worth of USDC and bitcoin for ETH. Approximately 42% of the Aragon treasury’s current $153 million value is represented by Ether tokens. Aragon exchanged additional wrapped bitcoin worth $5,2 million for BTC. The rebalancing of the project’s treasury involved the transfer of $20 million in USDC to the DAI stablecoin. Aragon is an Ethereum-based project that provides users with the tools to create and manage DAOs. It consists of a non-profit organisation called the Aragon Association, and a DAO named the Aragon Network DAO. Currently, Ethereum comprises 42% of the Aragonese treasury. Image: Aragon Treasury reallocations were conducted in response to the FTX collapse, which showed the failure of centralised crypto infrastructure, as stated by Aragon. “

Coinbase Boosts ETH-Based Altcoin Launching Soon

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Top US cryptocurrency exchange Coinbase has added a new token to its list of alternative cryptocurrencies that may be traded on its platform. Hashflow Token (HFT), the native token for Hashflow’s decentralized exchange (DEX), has been included to Coinbase’s road map, the company announced through Twitter. Hashflow aspires for interoperability, zero slippage, and miner extractable value (MEV)-protected deals. Hashflow employs a request-for-quote (RFQ) methodology that enables professional market makers to manage its liquidity pools, while conventional DEXs depend on automated market markers (AMMs) to facilitate on-demand trading of assets. At the time of writing, HFT has not yet been introduced. Huobi, a cryptocurrency exchange, says it will launch HFT on November 7. According to its website, Hashflow is supported by a number of industry titans, including Jump Trading, Galaxy Digital, Alameda Research, and Coinbase Ventures, the venture capital arm of Coinbase.

Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse headset subsidiary. Tencent and Bytedance Reportedly Shedding Metaverse-Dedicated Staff Tencent and Bytedance, two of the biggest Chinese tech companies, are planning to execute hundreds of layoffs in their metaverse development groups according to various reports. Tencent, which is most known for its software business, is currently abandoning its plans to get into the metaverse hardware market, affecting hundreds of employees at the company. According to local outlets, the company told more than 300 employees that they should be searching for new work opportunities and that the extended reality division, dedicated to the development of

Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day High

Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high. Polkadot (DOT) Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level. DOT/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior. Following Friday’s low, the token rose significantly higher as the day progressed, climbing to a six-month peak of $7.42. Dot chart by TradingView As a result of this move, the 10-day (red) moving average is now nearing an upwards cross with its 25-day (blue) counterpart. This comes less than a week after a downward cross, however, momentum seems to have already shifted. Should bulls maintain this trajectory, it is likely that $8.00 will be the short-term target. Chainlin

Biden Government To Push AHead With Crypto Energy Restriction Plans

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Join Our Telegram channel to stay up to date on breaking news coverage Last year, the cryptocurrency industry was definitely a bust. After the demise of the crypto exchange FTX, the crypto market was almost knocked down as it drove the prices down and led to increased regulatory scrutiny. However, President Joe Biden’s administration is keeping on with its goal of assessing crypto’s climate impact on crypto energy. This comes as Biden might kick the crypto space while it is down to keep it from interrupting climate progress. Packed newsletter today: – @jholz__ scoops DOE's crypto emissions efforts – @SenKevinCramer and the Senate's CBAM debate – Carper and Capito on potential PFAS legislationhttps://t.co/PTecmA9WE3 — Nick Sobczyk (@nick_sobczyk) February 16, 2023 According to an Axios report, Senator Elizabeth Warren noted that: I had conversations with the Department of Energy(DOE), and I believe that the Department  would be announcing crypto mining and energy u