According to Hamilton, for some brands itโs an opportunity for research and development; for others, itโs an opportunity to enter the crypto space by selling metaverse apparel. However, not all brands in the space are selling their items as NFTs; some are simply showcasing digital versions of their designs. Source
Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security Service (FSB) and the Ministry of Internal Affairs in the Russian republic of Dagestan have identified persons suspected of organizing a major financial pyramid offering victims profits of up to 500% per year on their…
Playing into the current trend for environmental, social and governance (ESG) technology, hashgraph consensus ledger Hedera is touting a โtoken visualization toolโ to measure, report and verify the sustainability of everything from land-use projects to eco-friendly farming. Source
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press release PRESS RELEASE. GensoKishi Online, the GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game โElemental Knightsโ is proud to announce its collaboration with one of Japanโs greatest. YOSHITAKA AMANO, the legendary designer, the god of game art, the superstar, behind so many of Japanโs most beloved games, has agreed to come on board to design his very own original characters that will be introduced and developed into the GensoKishi metaverse, offering new possibilities and aspects for GensoKishi Online. Yoshitaka Amano, is known for creating characters in…
Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and is continuing to lead the way in 2022 as the protocol prepares for its next major launch. Data from Cointelegraph Markets Pro and TradingView shows that the price…
Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants in two distinctive categories: SNX inflationary staking rewards and Debt Hedging. Currently, Synthetix operates debt pools across two chains, Ethereum mainnet and layer 2 Ethereum scaling solution Optimism, which have amassed an accumulative total-value-locked of $930 million and $157 million, respectively. The company have stated their intention to transition into an “Optimism-native protocol”, with one of their council members…
Russia’s announcement contributed to a spike in BTC above $44,000, although cryptos were already tracking upside moves in equities earlier in the New York trading day. Still, traditional safe-haven assets, such as gold and the U.S. dollar, also rose on Thursday, suggesting some caution among global investors. Original
The scheme ran from April 2014 to December 2019, when three of the BitClub leaders were arrested and charged with fraud and the sale of unregistered securities. BitClub purported to sell shares of nonexistent crypto mining pools to gullible investors, only to pay them back with money from newer investors, according to the government. Source
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