Gala Games is one of the largest gaming-focused crypto projects, with a market capitalization of $360 million. Users can play different types of games built on the platform, and the tokens are used as the primary medium of exchange between ecosystem users. Source
You might not have heard of the reserve risk multiple, but right now, it’s signaling a continued bitcoin price rally in months ahead. Original
“I think the U.S. has the potential to be an important market for crypto, but right now we are not seeing that regulatory clarity that we need,” he said. “I think in a number of years if we don’t see that regulatory clarity emerge in the U.S. we may have to consider investing more elsewhere in the world.” Source
A quarterly report focused on zero-knowledge (zk) technology indicates that privacy, scaling and identity solutions are major drivers of adoption in the blockchain space. Validator service provider zkValidator report’s titled ‘The State of ZK’ delves into insights from the zk space, highlighting major and emerging use cases, research, product launches and notable investment rounds. The key takeaway focuses on use cases of zero-knowledge proofs. The cryptographic method allows one party to verify data or a statement without exposing the information itself. Privacy stands out as the most significant driver of adoption from the…
Regulatory frameworks can be crucial in ensuring AI’s ethical development and deployment by setting standards and guidelines that promote accountability, transparency and fairness in using AI technology. By setting standards for transparency, mitigating bias and discrimination, ensuring privacy and data protection, promoting ethical decision-making, and providing monitoring and enforcement mechanisms, regulations can help ensure that AI systems are developed and used responsibly and ethically. Here are some key ways in which regulations can help ensure that AI systems are developed and used in a responsible and ethical manner: Setting standards…
Core DAO, an organization committed to the development of the Satoshi Plus ecosystem, has introduced a $200 million Ecosystem Fund aimed at speeding up the development of decentralized applications and protocols built on the Core layer-1 blockchain. According to two press releases seen by Cointelegraph, one from CoreDAO and one from Bitget, The Ecosystem Fund — which is supported by strategic partners such as cryptocurrency exchanges Bitget and MEXC — aims to provide financial support to early-stage projects. This support will encompass various areas such as research and development, recruitment, marketing, community-building…
Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022. A court in Singapore has extended creditor protection for Babel Finance by another three months, Bloomberg reported on April 18. According to Babel co-founder and former CEO Flex Yang, the moratorium will last until July 21, enabling the firm to pursue its restructuring plan via a new decentralized finance (DeFi) project called Hope. Flex returned to oversee Babel’s restructuring process a few years after stepping down from CEO role…
Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and India Negotiate New Trade Agreement Russia and India are negotiating a new Free Trade Agreement (FTA) to increase the trading integration between the two countries, which has thrived after the establishment of Western sanctions on…
The Information Commissioner’s Office (ICO) has issued a reprimand to both Surrey Police and Sussex Police, following the rollout of an app that recorded phone conversations and unlawfully captured personal data. In June 2020, the ICO became aware that staff members across both police forces had access to an app that recorded all incoming and outgoing phone calls. 1,015 staff members downloaded the app onto their work mobile phones and more than 200,000 recordings of phone conversations, likely with victims, witnesses, and perpetrators of suspected crimes, were automatically saved. The…
United States Senator Elizabeth Warren blamed the Bitcoin (BTC) mining industry for rising energy prices in American households based on unverified mainstream reporting. However, Crypto Twitter was not ready to let it slide and unanimously decided to clarify the disinformation. While Senator Warren has prominently spoken against the crypto ecosystem, the latest dig at Bitcoin mining comes based on a New York Times article. The report accuses Bitcoin miners of cashing in on electricity and indirectly forcing the public to pay the price. The narrative fit Warren’s perception of the…