Day: November 14, 2022

Rebuilding Trust in Crypto’s Founding Mission

The instinctive reaction, then, familiar to all who have had trust broken, will be to vow to never be that vulnerable again. In finance, we do now have the technology to facilitate a relatively trust-free financial relationship with atomic swaps, transfer monitoring and balance verification. But, just as our bruised souls almost always eventually recover from personal disappointment and we again open our hearts to others, we will see that we can’t live without centralized services that require us to believe they are doing what they say. Source

Inaugural Gam3 Awards to honor the best Web3 games of 2022

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The inaugural edition of the Gam3 Awards — a new Web3 gaming awards event hosted by Polkastarter Gaming — is set to take place on Dec. 15, according to an announcement provided to Cointelegraph on Nov. 14. Awarding the best gam3s 16 categories. 30+ industry leaders. $300k prizes. 15 December 2022. Save the date. Voting starts soon ⬇️https://t.co/p0niqHYzHw pic.twitter.com/8n0ArqZXS1 — GAM3 AWARDS | 15th Dec (@PolkastarterGG) November 14, 2022 The awards ceremony intends to recognize this year’s best Web3 games, highlight the developers behind them, and showcase blockchain as a…

US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins – Bitcoin News

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According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request to Freeze 11,184 PAXG Paxos updated the public on Nov. 12, 2022, and detailed that the company has frozen 11,184.38 pax gold (PAXG) tokens held on the FTX platform. The update was written by Paxos global general counsel, Ben Gray. PAXG…

Peresmian Proyek Crypto Mine Terbesar Dunia | Kabar Utama tvOne

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jakarta, – Peresmian Proyek Crypto Mine Terbesar Dunia | Kabar Utama tvOne Di tengah ancaman inflasi, Ketua MPR RI Bambang Soesatyo mengatakan jika bursa jual beli uang digital dapat membantu ekonomi Indonesia. Bamsoet (sapaan akrab Bambang Soesatyo) menyebut kripto atau uang digital bisa mendorong majunya ekonomi Indonesia saat ini. “Dunia termasuk di Indonesia sedang menghadapi masalah yang sama yaitu era digital, begitu juga nanti perdagangan transaksi menggunakan crypto currency,” ujar Bambang usai peresmian PT Cipta Aset Digital di Kawasan Industri Curug, Kabupaten…

Quant Points Out Striking Resemblance Between 2017 And 2021 Bitcoin Cycles

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A quant has pointed out the similarities between the 2017 and 2021 Bitcoin cycles, something that could hint at how the rest of this bear market might play out. Both 2017 And 2021 Bitcoin Cycles Saw New Lows Around The 365-Day Mark Since The Top As explained by an analyst in a CryptoQuant post, the two cycles are more similar than one might expect them to be. The indicator of relevance here is the “drawdown from ATH,” which measures the percentage decrease in the price of Bitcoin following the all-time…

Former Huobi-linked entity says it has $18.1 million stuck on FTX

According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX. Of this amount, $13.2 million consisted of client’s deposits, and $4.9 million comprised of assets belonging to Hbit, another subsidiary.  New Huo Technology is majority-owned by Chinese businessman Lin Li, who also created Huobi Global, the 20th largest crypto exchange worldwide by trading volume. On November 13, the company disclosed…

Yuga Labs Acquires Beeple’s NFT Collection 10KTF and Web3 Company, WENEW

“Figge, Beeple, and the WENEW team have found a way to create a captivating serialized story for Web3, while also managing to tap into the passion people have for their digital avatars and customization,” said Greg Solano, co-founder of Yuga Labs, in a press release. “Storytelling and world-building are foundational at Yuga and I’m thrilled that we get to work with the creative mind hive at WENEW in a much more robust way.” Source

Arbitrum sees steady growth as airdrop speculation leads to increased earnings

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Post Ethereum (ETH) merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report. According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked (TVL) and daily active users at Arbitrum-based platforms.  Arbitrum reaches the top-10 in monthly earnings When projects give away more token incentives than the revenue they incur, they have negative earnings. Token incentives that are…

Kevin O’Leary On His Attempts to Save FTX

Days before, O’Leary said, he was looking to make sense of the liquidity issue on FTX’s balance sheet. At the time, O’Leary said that he was receiving an influx of “inbound requests” from sovereign wealth and pension funds interested in helping fix FTX’s cash crunch. Bankman-Fried told O’Leary that FTX was looking for $8 billion. Source