Crypto market hype and the “commercial release” of several highly anticipated blockchain games will likely onboard “tens of millions” gamers to Web3 in 2024, according to Web3 gaming execs. “2024 is a growth year in terms of bringing people on to Web3,” said Yat Siu, co-founder of gaming and venture firm Animoca Brands, in an interview with Cointelegraph. In the…
Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August 2022. The mixer opened Pandora’s box, igniting an open debate about the role of mixers in ensuring personal financial privacy when using…
Solana-based gaming ecosystem Aurory was reportedly breached on Dec. 17, resulting in a drop of nearly 80% in liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Carmelot. According to unconfirmed reports on X (formerly Twitter), the exploit targeted Aurory’s SyncSpace bridge on Arbitrum’s native DEX Camelot around 13:00 UTC, reducing the liquidity of the AURY-USDC pool to roughly…
All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment. NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attacker attributed the original exploit to another user. “I came here to…
Bitcoin’s (BTC) eight-week winning streak is likely to end as the price is down nearly 4% this week. The recent weakness indicates profit-booking by traders but it does not change the short-term uptrend. The pullback will also help reduce the froth that may have been building. After the initial shakeout, strong hands are likely to re-enter the crypto market as…
Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets. Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17. Commentators: High Bitcoin fees are inevitable The latest wave of Bitcoin ordinal inscriptions have resulted in a fresh wave of elevated transaction fees for all network users —…
Illustration by Mitchell Preffer for Decrypt One week later, BONK still reigns supreme. However improbable, the dog-themed Solana meme coin has spent yet another week dominating frenzied discourse on Crypto Twitter, after showing no signs of letting up its weeks-long, monster streak. The coin is up 796% in the last month, according to CoinGecko. After soaring to new all-time highs…
The Ministry of Finance in Palau officially launched the second phase of the Palau Stablecoin (PSC) Program. Jay Hunter Anson, a cybersecurity consultant in Palau, confirmed the initiation of the country’s CBDC pilot program in a post. Anson expressed that Palau aims to extend its partnership with Ripple in this next stage, allowing the PSC team to leverage Ripple’s CBDC…
Virginia Tech, a university in the United States, has published a report outlining potential biases in the artificial intelligence (AI) tool ChatGPT, suggesting variations in its outputs on environmental justice issues across different counties. In a recent report, researchers from Virginia Tech have alleged that ChatGPT has limitations in delivering area-specific information regarding environmental justice issues. However, the study identified a…
The debtors fo the now-defunct cryptocurrency exchange FTX have filed the amended Chapter 11 plan of reorganization which indicates the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022. In a recent court filing in the United States Bankruptcy Court for the District of Delaware the debtors outlined that “customer…
