Blockchain gaming needs its own ‘EVO Moment 37’? While the Web3 gaming ecosystem is still trying to find its footing in the mainstream gaming world, a key element missing from almost all the Web3 titles is inspiration. To achieve a broader audience, Web3 gaming needs a “wow” moment to go viral and into the records of gaming history. Web3 gaming…
Month: August 2023
BIT Exchange enables XRP options trading, no need for ownership.
BIT exchange introduced XRP-linked options on its cryptocurrency derivatives platform on Thursday, August 17. This initiative will allow users to engage in XRP options trading without the need for cryptocurrency ownership, according to a statement from BIT. Profit and loss settlement will occur in USD, with OrBit Markets responsible for order book liquidity, the Exchange said, adding that this latest addition…
Bitcoin and Ether now less volatile than oil: Report
The Bitcoin (BTC) and Ether (ETH) 90-day price volatility hit a new multi-year low in August as the top two cryptocurrencies continue to trade under their key resistance of $30,000 and $2,000 respectively. According to data shared by crypto analytic firm Kaiko, the 90-day volatility of BTC and ETH hit 35% and 37% respectively making it less volatile than oil…
PayPal’s stablecoin opens door for crypto adoption in traditional finance
Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7. The stablecoin is developed on Ethereum (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents. PayPal said that the launch showcases the company’s focus on becoming…
Execs weigh in on Web3 in the region
The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the development of Web3. At the same time, its securities regulator has begun to actively regulate the crypto space, awarding licenses for retail crypto trading. On June 30, the Hong Kong government announced that it established a task…
Shibarium executive issues strong warning about exploitation risks
Shiba Inu’s marketing strategist Lucie has offered instructions to help users reduce the risk of encountering phishing links and fraudulent schemes when using S… Source: https://cointelegraph.com/public/index.php/news/shibarium-executive-issues-strong-warning-against-exploitation-risks
Canadian Expansion Part of ‘2-Pronged International Strategy’, Says Coinbase Exec
With its latest rollout in Canada, Coinbase’s VP of international business development Nana Murugesan said the exchange is “going deep.” “As part of a two-pronged international strategy,” he told Decrypt, “‘go deep’ refers to 1:1 highly localized strategy in markets that have clear regulatory frameworks.” Coinbase executed the launch via a tie-up with another open banking platform called Trustly. “Working…
Donate to Ukraine! Children of Heroes crypto charity campaign goes live
Cointelegraph has announced it is collaborating with the charity fund Children of Heroes to raise money to support children in Ukraine who have lost parents to the devastating Russian invasion. The cryptocurrency fundraiser is not open to receiving donations from all around the globe. Through the campaign, the crypto community will be able to support programs helping Ukrainian children by…
Philippine National Police Issues Warning Against Play-to-Earn Crypto Games
The anti-cybercrime department of the Philippine national police force warned citizens yesterday against “cryptocurrency gaming schemes” and so-called play-to-earn games. The note warns that the niche is rife with scams “because operators do not usually have to comply with certain standards, such as anti-money laundering, which can increase the risk of fraud.” Using one particular example of risk, the statement…
Bitcoin soars in Argentina as Javier Milei wins presidential primary
The price of Bitcoin (BTC) has jumped to a fresh high in Argentina since the news that Bitcoin-friendly presidential candidate Javier Milei won a primary election on Aug. 13, with 1 BTC reaching a value of 10.2 million Argentine pesos (ARS) on Aug. 14, according to data from CoinGecko. While global cryptocurrency markets are experiencing a notable slump, some parts of the…