Month: April 2023

Top 5 VR sports games

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Virtual reality (VR) games are video games that can be played using VR technology, which immerses the player in a simulated world. Players interact with the game world more immersively and realistically by donning a VR headset that records their motions and renders the game world in 3D. The popularity of VR gaming has grown over the past several years as the technology has become more accessible and affordable. There are many distinct genres of VR games, including simulation, sports, puzzle and action games. VR gaming can offer a distinctive and…

Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

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On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.  Citizen’s IDs, health cards, certificates and many other documents could soon be digitally stored in a smartphone application for EU citizens. According to an official statement from the European Parliament, the system would allow citizens to identify and authenticate…

Here’s how much was lost to crypto hacks and exploits in Q1 2023

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Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report. The losses were significantly lower than in 2022’s first and fourth quarters, when hackers took around $1.3 billion and $950 million, respectively. According to CertiK, the low amount of losses may be linked to events happening off-chain that had an impact on the crypto industry as a whole, such as the issues with Silvergate Bank and the depegging…

XRP price eyes 30% upside after key resistance area breaks

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XRP (XRP) has risen by an impressive 60% in the first quarter of 2023, helped by rising speculation over Ripple’s potential legal win versus the U.S. Securities and Exchange Commission and broader bullish sentiment in the cryptocurrency market. The XRP/USD pair now eyes more gains in the second quarter, primarily due to a classic bullish continuation pattern. XRP price paints bull pennant In late March, XRP broke above its multimonth ascending trendline resistance, averting a potential 35% correction. The rebound reached $0.58 on March 29, its highest level since May 2022.…

Bitcoin is in the middle of accumulation, on-chain data shows

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In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage of the total bitcoin supply that has not been moved for at least five years. The recent ATH of 28.513% implies that over a quarter of all circulating bitcoins have been held for over five years. This trend may suggest that many long-term investors are holding onto their assets, confident…

U.S. Adds 236K Jobs in March Versus Forecasts for 239K

Data from earlier this week began to hint at some weakness in the labor market, with the ADP on Wednesday reporting just 145,000 private sector jobs added in March versus 210,000 expected. Then on Thursday, the Department of Labor reported weekly initial jobless claims of 228,000 against forecasts for just 200,000. In addition, the previous week’s 192,000 initial claims was revised up to 246,000. Source

BTC, ETH Extend Consolidation, Ahead of Nonfarm Payrolls – Bitcoin News

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Bitcoin consolidated for a third consecutive session on Friday, hours before a much anticipated nonfarm payrolls (NFP) release. Many are expecting that payrolls will come in under the 240,000 expected sum, following recent disappointing labor data. Ethereum was also largely unchanged as of writing. Bitcoin Bitcoin (BTC) consolidated for a third consecutive session on Friday, as the global cryptocurrency market cap remains largely unchanged at the time of writing. Following a high of $28,178.30 on Thursday, BTC/USD fell marginally lower in today’s session, hitting a bottom of $27,765.34. Markets have…

Layer-2 zkSync offers solution to recover 900 ETH locked in smart contract

Matter Labs, the team behind Ethereum’s layer-2 scaling solution, zkSync, has confirmed that 921 ETH worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO. Despite the issue, the firm claims that the funds are safe. Matter Labs have found an elegant solution to rescue them, which accumulated during the Gemholic token sale. @GemholicECO, who ran into a problem with their smart contract on zkSync Era, has reached out to us for support, which we provided. We’d like to give the community an update and further…

Magic Eden Unveils New Bitcoin NFT Ordinals Launchpad for Creators

The launchpad will allow Magic Eden to seamlessly onboard creators to the ecosystem and thus easily facilitate the creation of tokens on the Bitcoin network.  On Thursday, April 6, NFT marketplace Magic Eden said that it would be rolling out the creators’ launchpad for Ordinals. Thus, it will help creators to successfully inscribe their Bitcoin-based NFT collections. Similar to NFTs on Ethereum and other blockchain networks, the Ordinals protocol allows inscribing of digital assets on Bitcoin. So far in 2023, the Ordinals platform has taken off in a big way…

Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services – Finance Bitcoin News

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Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum to Provide Digital Asset Products and Services The financial services unit of the national postal service of Switzerland, Postfinance, has joined forces with crypto bank Sygnum to offer a range of digital asset banking services. To achieve that, the bank will employ Sygnum’s B2B (business-to-business) banking platform. The partnership enables the…