Shibarium executive issues strong warning against exploitation risks
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Shibarium executive issues strong warning against exploitation risks

LucieSHIB, Shiba Inu’s marketing specialist, has cautioned the public against potential exploitation risks on Shibarium, the just-released Ethereum Layer-2 scaling protocol. According to a post by the executive on X, the former Twitter social media app, Shibarium is accessible for development by anyone – similar to other blockchains like Polygon (MATIC) and Ethereum (ETH). However, this openness also renders it vulnerable…

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Axie Infinity's play-to-earn 'scheme' alarms Phillippine National Police
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Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police

The Philippine National Police Anti-Cybercrime Group (PNP ACG) scrutinized some of the models used by cryptocurrency games, warning Filipino citizens against the various schemes used to extort money from the gaming community. While warning against the risks of cryptocurrency gaming schemes, the Phillippine police highlighted the play-to-earn model used by Axie Infinity, a Pokemon-inspired play-to-earn metaverse game created on the…

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CME Group to launch BTC, ETH reference rates aimed at Asia's investors
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CME Group to launch BTC, ETH reference rates aimed at Asia’s investors

Derivatives marketplace CME Group is launching Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region, in another sign of growing institutional interest in crypto from Asia. On Aug. 16 derivatives marketplace CME Group said it’s partnered with crypto indices provider CF Benchmarks and on Sep. 11 to launch the two Asia Pacific-focused crypto reference rates. Reference rates…

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Coinbase futures approval seen as a major win amid the SEC war on crypto
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Coinbase futures approval seen as a major win amid the SEC war on crypto

The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator. On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted Coinbase permission to operate a…

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Bitcoin price will surge past $150K if spot ETFs are approved: Analyst
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Bitcoin price will surge past $150K if spot ETFs are approved: Analyst

The price of Bitcoin (BTC) will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved, according to investment research boutique Fundstrat. In an Aug. 16 interview on CNBC’s Squawk Box, Fundstrat’s managing partner and head of research Tom Lee predicted that a bundle of successful…

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Canadians are moving past crypto speculative trading: Coinbase country head
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Canadians are moving past crypto speculative trading: Coinbase country head

Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada. Speaking to Cointelegraph in Toronto on Aug. 16, Coinbase’s Canada director Lucas Matheson said he believes that more utility and use cases in daily life will soon be digital asset-backed,…

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OpenAI Just Bought a Game Studio—But Why?
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OpenAI Just Bought a Game Studio—But Why?

ChatGPT developer OpenAI announced on Wednesday the acquisition of Global Illumination, saying the entire team has joined OpenAI and will work on various projects, including ChatGPT. “We’re very excited for the impact they’ll have here at OpenAI,” OpenAI said in a brief statement. Co-founded by engineers Thomas Dimson, Taylor Gordon, and designer Joey Flynn in 2021, New York-based Global Illumination…

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