April 12, 2023

Bitcoin gaming enters Africa with local crypto exchange partnership

April 12, 2023 boss

Gamers in Africa can now send and receive small amounts of Bitcoin (BTC) while playing classic titles like Counter-Strike. Zebedee, a fintech and payments processor targeting the gaming space, has partnered with crypto exchange platform Bitnob to offer payments and gaming reward options in Africa using the Bitcoin Lightning Network (LN). Within the partnership, African users can earn Bitcoin through Zebedee-powered apps and games. Zebedee’s offering serves as a second layer in games that allows developers to replace vague in-game points rewards with satoshis, the smallest denomination of Bitcoin. Through…

US Treasury to Attempt Coercing European Countries Into Implementing Sanctions Against Russia – Economics Bitcoin News

April 12, 2023 boss

Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut trade if they don’t comply. US Treasury to Demand Implementation of Sanctions Against Russia in Europe The U.S. government is seeking to forcefully disable the trade relations that Russia still has with companies and countries in Europe. According to AP,…

OpenAI launches bug bounty program to combat system vulnerabilities

April 12, 2023 boss

Amid privacy and cybersecurity issues and recent bans by different countries, artificial intelligence (AI) company, OpenAI released a program to combat vulnerability concerns. OpenAI, the company behind ChatGPT, on Tuesday, announced the launch of The OpenAI Bug Bounty Program to help identify and address vulnerabilities in its systems. According to the announcement the program rewards security researchers for their contributions to keeping OpenAI’s technology and company secure. OpenAI invited the global community of security researchers, ethical hackers and technology enthusiasts, offering incentives for qualifying vulnerability information. The AI company believes…

Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade

April 12, 2023

“We expect 553,650 ETH will be sold. Amortized over 7 days, this amounts to approximately 1% of daily ETH volume (including spot and perpetual futures volume) of selling per day for a week,” analysts at Galaxy Digital said in a note published early this month. “Depending on the risk environment broadly and overall liquidity in Ether during the Shanghai upgrade, expected on Wednesday, April 12, we view this amount as ranging from inconsequential to slightly bearish ETH/USD.” Source

Glassnode Estimates $300M Ether May be Sold After Shanghai Upgrade

April 12, 2023

Glassnode said the estimate was made based on a “50% withdrawal credential update, our segmentation of depositors, and assumptions regarding investor conviction, and profitability” by using wallet behavior, period of staking and presence of liquid staking derivative products, such as Lido. Source

As Bitcoin Open Interest Surges to Highest Level Since FTX Crash Trading Firm Sees Bullish Signs

April 12, 2023 boss

A rise in open interest, which is a metric that assesses the value of all unsettled derivatives positions, alongside an increase in price is often used to confirm the legitimacy of a move. At the time of writing, bitcoin was trading at around $30,000 after it surged to a 10-month high of $30,540 on Tuesday. Original

MetaPlayerOne’s New Co-Investment and Acceleration Program for GameFi Projects – Press release Bitcoin News

April 12, 2023 boss

press release PRESS RELEASE. MetaPlayerOne is bringing the power of Web3 communications to GameFi by introducing a new launchpad and standard for NFT game assets. Using this platform and this standard, different GameFi projects can recognize specific smart contract asset holders and rare asset holders, providing them with various benefits. For example, addressing an airdrop specifically to all legendary asset holders across all GameFi projects. GameFi projects that meet MetaPlayerOne’s requirements can expect a global marketing support package from MetaPlayerOne, which will help promote their projects on a large scale.…

Ethereum’s Shanghai Upgrade on Deck; Developers, Traders Aflutter With Anticipation

April 12, 2023

“There’s always a chance that there could be unfound bugs, but we feel that we tested the upgrade extensively and weren’t able to find any issues that prevent us from scheduling the upgrade,” said Parithosh Jayanthi, a DevOps engineer at the Ethereum Foundation. Source

Bybit and Paradigm join hands to launch USDT-margined delta-1 spreads

April 12, 2023

Bybit, a crypto exchange, has launched spreads trading on USDT-margined instruments in collaboration with Paradigm, a crypto derivatives trading platform. This partnership will allow traders to spread order books on over 30 cryptocurrencies. Bybit and Paradigm’s partnership Paradigm is an institutional liquidity network for crypto derivatives traders in centralized and decentralized financing. The platform provides traders access to multi-asset liquidity on multiple protocols without compromising execution preferences and speed. Paradigm aims to create a platform for traders to create and settle trades with anyone at any time. The Bybit and…

Former JPMorgan Executive Accused of Conducting Crypto Fraud

April 12, 2023

As per the Department of Justice, the executive took investors money saying that he would invest in high-yielding altcoins but actually used the money for his personal benefits. On Tuesday, April 11, the US Justice Department announced that a former investment banker who served at JPMorgan and the Deutsche Bank will face up to 20 years of jail term for allegedly committing crypto fraud. The DOJ arrested Rashawn Russell, 27, the registered broker, and shall be arraigned soon in the New York Court. As per the charges, Russell conned a…