Author: Crypto News Live
Gala Games announces the first implementation of NFTs into Dragon Strike, a mobile game they picked up earlier this year with their acquisition of Ember Entertainment. The world of casual gaming, especially on mobile devices, is a huge market. One in which web3 gaming is still working to get a solid foothold on. That effort now takes another step forward as Gala Games announces the first implementation of web3 tech into their recently acquired suite of mobile games. Earlier this year Gala Games purchased Ember Entertainment, an existing mobile game company to help give them a jumpstart into providing web3…
USDT has added $11 billion to its market valuation since the banking crisis of March. More than 50% of all USDT tokens were issued on Tron. Tether [USDT], the largest stablecoin in the world by market capitalization, had a successful run in 2023 thanks to a phenomenal rise in the circulating supply. Realistic or not, here’s USDT’s market cap in BTC’s terms Since the March banking crisis, USDT has added an astounding $11 billion to its market valuation, bringing the total to $82 billion at the time of publication, as per Glassnode. Source: Glassnode The fall of Binance USD [BUSD], alongside USD…
Blockchain The Horizen network is expected to undergo a node upgrade on June 7, developers confirmed earlier this week on GitHub. Per Messari data, the hard fork has been scheduled on Horizen mainnet at block 1,363,115, estimated to arrive on Jun. 7, 2023, at approximately 13:00 UTC. Node operators have been asked to update to Zen v4.0.0 before May 31, 2023. The upgrade would bring enhancements to Horizen’s sidechain version 2 and fix minor bugs encountered in the current node version. Sidechains refer to independent networks that operate atop a main blockchain, such as Horizen in this case. These are…
NFT Americana, a crypto-native NFT trading platform that bridges digital collectibles to real world assets, hit the market on Friday. A confidential marketing deck obtained by Blockworks teased a number of Americana partnerships brewing — including a deal with a prominent, undisclosed fine art auction house. The US crypto startup is kicking things off with what it’s categorizing as a beta phase — building off of a $6.9 million seed raise in May 2022. Its valuation was not disclosed. Led by CEO Jake Frey, who has worked in design roles for Apple and Twitter, Americana is now in the process…
A widely followed crypto strategist says Bitcoin (BTC) looks vulnerable to a sell-off event after losing a key price level. Pseudonymous analyst Credible Crypto tells his 340,700 Twitter followers that he thinks Bitcoin is in a position to see one more leg down as it continues to trade below resistance at $27,000. According to the trader, Bitcoin’s recent weakness could lead to a liquidation event that sees BTC trading below $25,000. “A little more neutral now in terms of direction on BTC now – the RED level holds the key, in my opinion. Reclaim it, bottom may be in. Fail…
Bitcoin of America has agreed with the Connecticut Department of Banking to cease operations due to lack of licensing. During September 2022- March 2023, net crypto ATM installations fell for four months. Bitcoin [BTC] ATM provider Bitcoin of America has agreed to cease operations due to a lack of licensing with the Connecticut Department of Banking. The Department of Banking issued a statement on 21 May, highlighting the failure of Bitcoin of America to secure the required license to operate Bitcoin ATM kiosks in the state. The consent order was imposed, however, after four Connecticut residents lost tens of thousands…
Blockchain After much anticipation, the Ethereum Virtual Machine (EVM) has been integrated into the mainnet of Zilliqa, a high-performance blockchain platform. For Zilliqa and its ecosystem, this integration marks a major step forward since it improves scalability, interoperability, and developer acceptance. To put it simply, the EVM is a runtime environment for the Ethereum blockchain that allows for the execution of smart contracts. It has powered a robust ecosystem of dApps, tokens, DeFi protocols, and NFTs on Ethereum, and has been important in the platform’s development and widespread acceptance. 📚 Interested in learning more about the expanding ecosystem of @zilliqa…
In the first three months of 2022, hackers stole $1.3 billion in crypto from exchanges, platforms, and private entities. The victims are disproportionately in DeFi. Chainalysis, 2022 Taking into account that there are millions of dollars at stake, and a rapid pace of innovation based on an open-source architecture, DeFi protocols are a good target for hackers. The DeFi space walked into the world with many interesting features and the promise to become the future of finance, but new cyber scams tagged along as well. In April 2023, Michael Bentley, the co-founder and CEO of Euler Labs, the company behind the protocol…
NFT Not to be outdone by Bitcoin Frogs, which earlier this week outpaced top-shelf NFT brand Bored Ape Yacht Club in trading, a collection dubbed Space Pepes has become king of the proverbial hill — for now, at least. Space Pepes, a batch of thousands of unique Bitcoin-based digital collectibles, is ranking as the top-selling NFT collection during the past 24 hours with about $7.3 million in trading, according to CryptoSlam! data. That’s better than both the Ethereum-based Bored Apes and Bitcoin Frogs, which appear to have lost some momentum in the last couple of days. Over the past seven…
TL;DROn May 18, the Tornado Cash DAO accidentally voted in a malicious proposal.In short, the attacker submitted a proposal which was approved to be voted on, and then the sneaky attacker activated a ‘self-destruct function’ which replaced the original proposal with a new, malicious one, giving them full control of the votes.Then yesterday, the attacker made a new proposal to potentially “restore the state of Governance.”Did the attacker want to shine light on the project and pump up the price of TORN? Or were they providing a wake up call for DAOs to do more in-depth audits of the proposals…
