Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps). The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed…
The rise of artificial intelligence (AI) has introduced new possibilities for human expression and capabilities to create content. Simultaneously, the ability to do almost anything and to do so with a digital AI-generated identity has caused new problems to troubleshoot. According to data from Sumsub, deep fake fraud more than doubled from 2022 in the first quarter of 2023 from…
Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale market operations” in 2023. In a statement sent to Cointelegraph, VARA said that its incumbent CEO, Henson Orser, will be replaced by Matthew White, a global adviser who worked several roles at PwC. VARA…
The world of Aurory just got a whole lot bigger with its latest Seekers of Tokane addition, bringing “roguelike” role-playing gameplay to the Pokémon-inspired fantasy battler—and the game is launching on the Epic Games Store, a major mainstream gaming marketplace. Seekers of Tokane launches in early access Thursday to Aurorian NFT holders, and access codes will be doled out for…
The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultation in October. It has also made progress in its plan to introduce a central bank…
Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge fund. Davies, who has been embroiled in bankruptcy proceedings following the collapse of 3AC in 2022, has already been sentenced to four months in jail in Singapore for failing to cooperate with investigations into its…
The Early Access version features deathmatch and team deathmatch modes for up to 24 players with two types of ships and five types of weapons. Source: https://decrypt.co/206331/multiversalme-studios-announce-steam-early-access-of-intergalactic-multiplayer-action-arcade-space-battle-royale
As decentralized finance grows in popularity, many wonder what the future holds for traditional finance (TradFi). In episode 37 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Sarah Clark, the CEO of E-Gates, about how TradFi plans to compete and collaborate with the Web3 space and what that means for global payments moving forward. The episode also highlights…
It has become increasingly clear that stablecoins have become the dominant means of transaction settlement on public blockchains, at the exclusion of native cryptoassets (like Bitcoin/Ether). This wasn’t in the plan of the architects of these blockchains or their communities. On-chain data supports this observation: Stablecoins represent approximately 10% of the total crypto market cap, but they account for around…
BlackRock’s Bitcoin exchange-traded fund (ETF) application was again the talk of the crypto town this week—but this time triggered by its “Tether FUD.” Although the filing is from June, industry watchers recently pointed out that the world’s biggest fund manager had included warnings about how Tether—and the stablecoin market in general—could negatively impact the Wall Street titan’s Bitcoin ambitions. Crypto…
