Month: June 2022

What Is Play-and-Earn by BeaRex and Why It Is Revolutionary for GameFi

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BeaRex has kicked off a new era for GameFi fans: the Play-and-Earn era (P&E). This approach takes into account the interests of all participants in the blockchain gaming ecosystem: those who want to play for money, as well as those who just play for fun. After all, the cheerful 2D runner was primarily created so that players could enjoy themselves in its universe, and if they can earn money from their skills and acquire resources in the process, all the better! In this article, we explain why making money in…

What blockchain needs for mass adoption

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In February 2022, the Ukrainian government ran a crypto donation campaign to support victims of the Russian invasion. When the nation tried to reward those who had contributed to the fundraiser by sending crypto wallet holders complimentary NFTs, a slew of scammers took advantage of the government’s generosity, causing the operation to cease. Rug pull scams like this, where cyber criminals drain money from unsuspecting investors, aren’t uncommon in the crypto space, unfortunately. Shortly following the Ukraine rug pull, in March this year, hackers discovered a weakness in the Ronin…

Using Coinbase pro, NOT coinbase for Sorare Deposits (Save money on Coinbase)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A lot of people entering the Crypto world for the first time ever will be getting burnt massively by transaction fees. Coinbase can charge more or less 3.8% per transaction when buying Ethereum, so why not try their much cheaper cousin; Coinbase Pro. Coinbase Pro is the exchange owned by Coinbase where fees are far more modest at about 0.5% per transaction. • Haven’t signed up to Sorare yet? Use my referral link to get a free rare card once you buy…

Compass Mining loses facility after allegedly failing to pay power bill

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Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics posted on Twitter late on June 26 a letter it sent to Compass Mining which stated as of June 14th, the hosting contract between the two was terminated. Dynamics alleged Compass has six late payments and three non-payments related to utility bills and hosting fees. Effective June 14th @compass_mining facility hosting agreement…

Real Demands or False Propositions?

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  It has been more than a year since the NFT boom in 2021. According to NFTGO, the market cap of NFTs peaked at $36.8 billion in March 2022. As the market later cooled, the trading volume and market cap of NFTs started to shrink. This crypto novelty expanded its influence beyond the crypto community and fostered a huge market, which also gave rise to the combination of NFTs and DeFi. The market has witnessed the appearance of NFT lending platforms, NFT aggregators, and NFT derivatives markets, which constitutes the…

Tether CTO refutes stablecoin FUD as short-sellers circle

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Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States dollar-pegged crypto asset.  Speaking to his 151,600 Twitter followers on Monday, the Tether executive was responding to reports that hedge funds have been borrowing millions in loans to short USDT since the collapse of Terra in May. He alleged that hedge funds have been trying to create pressure “in the billions” to “harm Tether liquidity” with the aim of eventually…

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys – Metaverse Bitcoin News

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Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens. Cryptoys Raises $23 Million in Series A Round The NFT market is facing a slump phase that is affecting prices and the popularity of NFT projects recently. However, there are projects that have managed…

CoinFLEX recovery plan includes tokenized bad debt and more yields

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Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Recovery Value USD (rvUSD) and will be worth $1 each. It is designed to help CoinFLEX recover $47 million in losses incurred by an account that was allowed to reach negative equity without being liquidated. It will be issued from June 28 through July 1, and the firm stated that it hopes to resume withdrawals by June 30.…

Michael Saylor – TRILLIONS Will Move After THIS Happens… | Bitcoin News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor – TRILLIONS Will Move After THIS Happens… | Bitcoin News Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community, and in the news today. He knows everything there is to know about the current cycle, and selling Bitcoin. In the latest Bitcoin news, Saylor will give his update today. He’ll go over in this latest interview why he thinks Bitcoin is the greatest asset in human…

Crypto community confused as Celsius continues with weekly rewards

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Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago. As previously reported, crypto lending platform Celsius paused withdrawals on June 13 after citing extreme market conditions amid the current bear market. Reports soon followed that the firm was undergoing liquidity issues and may be heading towards insolvency, potentially putting users’ funds at risk. Why is @CelsiusNetwork still paying rewards if apparently they are talking bankruptcy? Why not pause rewards and set a…