On May 29, decentralized exchange (DEX) PancakeSwap announced that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the game allows players to utilize the DEX’s native CAKE tokens to earn in-game rewards. Utilities for CAKE tokens within Pancake Protectors include accelerating the level-up process, purchasing in-game currency, claiming CAKE heroes,…
Month: May 2023
Why InfiniGods Laughs at 'AAA' Web3 Games
The InfiniGods founders share their approach to game development and offer a critique of games that call themselves “AAA.” Source: https://decrypt.co/videos/interviews/WzdrzXOY/why-infinigods-laughs-at-aaa-web3-games
Make it Fast, Make it Friendly: Jerome de Tychey Unpacks Key Themes at This Year’s EthCC
Make it Fast, Make it Friendly: Jerome de Tychey Unpacks Key Themes at This Year’s EthCC After six years running, EthCC is back, this time in Paris from July 17 to July 20. Decrypt sat down with the brains behind one of Ethereum’s longest-running events Jerome de Tychey to get an inside look into what’s on the agenda this year,…
Bitcoin price rejects at $28K as analysts eye CME futures gap dip
Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin pauses into monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local…
Tenet, LayerZero partner to drive cross-chain liquid staking adoption
Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi ecosystem across a number of different blockchains. The Cosmos-based blockchain is a DeFi-focused ecosystem which provides liquidity and yield products…
Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E
The BRC-721E token standard was launched by the Ordinals market and the Bitcoin Miladys NFT collection, allowing traders to transfer their ERC-721 NFTs to Ordin… Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-ordinals-to-bridge-ethereum-nft-with-new-standard
Security firm discovers $500M vulnerability in Tron multisig accounts
After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was promptly addressed and resolved within a few days. Source: https://cointelegraph.com/app/public/index.php/news/tron-multisig-accounts-vulnerability-discovered-by-security-team
What the ‘anti-mining bill’ means for the crypto industry in Texas
In late April, over a hundred people gathered near the Texas Capitol building to protest. Peaceful protests in the United States are not uncommon, but what made this one unique was that its participants were gathered to advocate for the right to own and use cryptocurrencies. The location is also puzzling, as the Lone Star State has been presenting itself…
Two key security practices for Web3 startups from Israel Crypto Conference
Shahar Madar, the head of security products at Fireblocks, says Web3 startups need to think from the “attacker’s perspective” when planning security protocols. Source: https://cointelegraph.com/app/public/index.php/news/security-practices-for-web3-startups-israel-crypto-conference
Bitcoin is on a collision course with ‘Net Zero’ promises – Cointelegraph Magazine
Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them. With Bitcoin mining blamed for using as much power as an entire country, and politicians searching for easy targets to strike, the industry appears to be on a collision…