Month: January 2022

New Money – CryptoX

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Welcome to the Crypto Version of ‘Blade Runner’

The Neon District is part crypto metaverse, part RPG (role-playing video game). It just looks different. The visuals are stunning and hauntingly bleak – a cyberpunk dystopia full of thieves, hackers, guilds and assassins. It’s dark. It’s even beautiful. “What if we made a cyberpunk Final Fantasy 7?” was the original idea from Marguerite deCourcelle, aka “Coin Artist,” the CEO and co-founder of Blockade Games, the company building Neon District, which recently raised $5 million. (Investors include Animoca Brands and Dapper Labs’ Roham Gharegozlou.) Source

Zero-knowledge scaling tech Plonky goes live on Polygon

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On Monday, Polygon (MATIC), a layer-two Ethereum (ETH) scaling solution that is known for its fast transaction times and negligible gas fees, announced the launch of Plonky2, a zero-knowledge scaling technology, claimed to be the fastest in the world. Zero-knowledge algorithms ensure everything is correctly computed on layer two and return the succinct proof to Ethereum without sending the entire data. Instead of every miner (or staker) verifying every posted transaction, zero-knowledge allows the verification of simplified rolled-up proofs, thereby significantly speeding up the overall network. 1/2 We are proud…

Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price

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Ether (ETH) has been an emotional rollercoaster over the past three months primarily because its price rallied twice. First, it peaked at $4,870 on Nov. 10 and at $4,780 on Dec. 1. However, the double top was quickly followed by a harsh rejection, which led to $490 million in long futures contract liquidations in 48 hours. Once again, hope was instilled on Dec. 8 after Ether commenced to rally 28.5% in four days to retest the $4,400 support. Soon after, the downtrend continued, leading to the $2,900 bottom on Jan.…

SOPR Shows Bitcoin Holders Continue To Sell At A Loss, Similar To May-June 2021

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The on-chain indicator SOPR suggests that Bitcoin holders have continued to sell at a loss for a while now. This behavior is similar to what was seen during the May-June 2021 mini-bear period. Bitcoin Investors Have Continued To Dump At A Loss For A Month Now As pointed out by an analyst in a CryptoQuant post, the BTC SOPR shows that holders are currently selling at a loss. The “Spent Output Profit Ratio” (or SOPR in short) is an indicator that tells us whether coins moved on a given day…

‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK

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Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK.  In a new report on the state of DeFi security in 2021, CertiK researchers said “centralization issues were the most common attack vector” within decentralized finance. The blockchain security firm cited 44 DeFi hacks totaling $1.3 billion in lost funds in 2021. That’s an increase of over $500 million compared with 2021.  “This underscores the importance…

Borderless – CryptoX

The Disruption is global and its reach knows no bounds. As bitcoin & crypto stories from around the world circulate, Coindesk reporters Anna Baydakova and Danny Nelson, will dissect their top most influential picks to explore every week here on Borderless. Be the first to hear Borderless by subscribing to the CoinDesk Reports podcast feed. Original Source borderless CryptoX Portal

Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal – Bitcoin News

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Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to Be Able to Pay Foreign Partners With Crypto Iranian companies will be allowed to use cryptocurrencies in settlements with partners in other countries, local media reported. An agreement to that end has been reached by the Central Bank of Iran (CBI) and the Ministry of…