Many Telegram-based games have shot to popularity this year with the promise of in-game progression resulting in a share of a future crypto token airdrop. For some of those games, the time to launch a token is upon us, with dates set and gamers itching for their share of the pie. From crypto exchange-building tap-to-earn game Hamster Kombat to combat-centric…
Month: September 2024
DePIN Project Wants to Send Satellites to Space to Give Internet to the Underserved
Spacecoin, a decentralized physical infrastructure network leveraging nanosatellites to provide high-speed internet to remote communities, has an ambitious lofty goal. Unveiled exclusively to Decrypt during Korea Blockchain Week in Seoul on Wednesday, the initiative aims to bridge the digital divide affecting billions of people, particularly in underserved areas, by leveraging infrastructure from Layer-1 blockchain Creditcoin. “Because of the cost, the…
Former Mt. Gox CEO to launch EllipX crypto exchange in Europe
EllipX will comply with EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users. Source: https://cointelegraph.com/news/former-mt-gox-ceo-ellipx-crypto-exchange-europe?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Low Investment Threshold, Greater Financial Control Lure Aussies to Crypto, Study Finds
The report indicates that Australia has a higher cryptocurrency adoption rate with one in every five current or past crypto holders. Key factors driving adoption include the relatively low investment threshold, greater financial control, and a perception of increased equality. However, barriers such as lack of knowledge and understanding hinder adoption. Aussies Embrace Alternative Investments […] Source: https://news.bitcoin.com/low-investment-threshold-greater-financial-control-lure-aussies-to-crypto-study-finds/
Penpie hacker launders 26% of $27M stolen funds in 12 hrs
The Penpie protocol hacker funneled $7 million through Tornado Cash within hours after stealing $27 million, highlighting DeFi security risks. Source: https://cointelegraph.com/news/penpie-protocol-hacker-launders-7m-tornado-cash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple CEO Predicts SEC Chair Gary Gensler’s Exit, Whoever Wins Election
During a press conference at Korea Blockchain Week 2024 in Seoul, fintech firm Ripple Labs’ CEO Brad Garlinghouse predicted the ouster of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, whatever the outcome of the looming presidential election. According to a report in the Korean Herald, Garlinghouse said he would “make a gentleman’s bet” that Gensler’s tenure would not…
Bitcoin price targets include $50K as Nvidia crash shakes Nikkei, gold
Bitcoin investors join risk assets in a “rush to the sidelines” amid BTC price lows of under $56,000. Source: https://cointelegraph.com/news/bitcoin-price-targets-50k-nvidia-crash-shakes-nikkei-gold?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon’s MATIC upgraded to POL, driving ‘hyperproductive’ token utility
According to the CEO of Polygon Labs, POL has evolved into a “hyperproductive” token, enabling the community to engage more effectively in the network’s growth. Source: https://cointelegraph.com/news/polygon-upgrades-matic-pol-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Riot Pushes for Overhaul at Bitfarms Ahead of Key Shareholder Meeting
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns […] Source: https://news.bitcoin.com/riot-pushes-for-overhaul-at-bitfarms-ahead-of-key-shareholder-meeting/
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures. Source: https://cointelegraph.com/news/bitcoin-atm-scams-rise-10x-ftc-warns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound