Day: February 10, 2023

Web3 Gaming Platform Ajuna Raises $5M in New Private Financing

Ajuna offers a product suite that makes it possible for developers to use leading game development engines – Unreal and Unity – to create decentralized games, making it easier for both traditional developers and gamers to enter Web 3 gaming, according to a statement seen by CryptoX on Friday. The game engines are run in off-chain, trusted execution environments (TEEs) linked to the Polkadot blockchain to reduce latency, the statement said. Source AjunaFinancingGamingPlatformPrivateRaisesWeb3 CryptoX Portal

BTC, ETH Hit Multi-Week Low, as Sell-off Worsens – Market Updates Bitcoin News

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Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency markets remained bearish. Volatility in markets has risen in recent days, following comments from U.S. Fed Chair Jerome Powell, who hinted at ongoing rate hikes. Ethereum also dropped, falling under $1,600. Bitcoin Bitcoin (BTC) extended recent declines on Friday, with prices falling below the $22,000 mark for the first time in several weeks. BTC/USD fell to an intraday low of $21,754.13 earlier today, which comes less than 24 hours after trading at $22,770.22. As a result of this drop,…

Community urges Coinbase to relist XRP as CEO fights for staking

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Amid Coinbase cryptocurrency exchange standing up for crypto staking and economic freedom, the online community has urged the company to support XRP as well. On Feb. 9, Coinbase’s chief legal officer Paul Grewal claimed that Coinbase’s staking program is not affected by rival exchange Kraken shutting down its staking services. The executive argued that Kraken’s staking platform was “essentially offering a yield product,” while Coinbase’s staking services are “fundamentally different and are not securities.” Coinbase CEO Brian Armstrong also took to Twitter on Thursday to declare that the exchange will…

The role of cryptocurrency in advancing financial inclusion

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Access to and use of financial services, known as financial inclusion, is crucial for economic growth and development. Unfortunately, a large portion of the population, particularly in developing nations, still lacks access to basic banking services. The World Bank estimates that 1.4 billion adults worldwide are without access to these services, which limits economic opportunities and perpetuates poverty. Cryptocurrency, with its decentralized and digital nature, may provide a solution to this issue by advancing financial inclusion. Cryptocurrencies can be stored and transferred digitally and do not require physical banking infrastructure.…

Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US – Bitcoin News

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A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in US Court, May Get Up to 20 Years in Prison An alleged money launderer from Russia has pleaded guilty to one count of conspiracy to commit money laundering in the United States. Denis Dubnikov, now 30, was arrested on Nov. 2, 2021 in Amsterdam, handed over…

Bitget Expands Innovation Zone With Priority Access to Exceptional Projects – Press release Bitcoin News

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press release PRESS RELEASE. Victoria Seychelles, 2023 – Bitget, the leading global crypto derivative exchange, announces to add AI (Artificial Intelligence), Arbitrum, and NFT zone listings to its Innovation Zone for users who would like to expose their crypto portfolio to related tokens in an early stage. The newly listed tokens will need to be regularly reviewed to ensure that the token adheres to Bitget’s platform standards, including trading volume, liquidity, the team, project development, and other criteria to keep the listing status active. The expanded Innovation Zone listings aim…