Day: June 4, 2023

GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review – Cointelegraph Magazine

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Grand Theft Auto VI crypto rumors Rumors that the upcoming Grand Theft Auto VI will incorporate cryptocurrency and nonfungible tokens (NFTs) have once again surfaced, sparking speculation among fans. Posts shared on Twitter suggest that GTA 6 will be a play-to-earn game and that in-game items such as cars and weapons will be NFTs. GTA creator Rockstar Games are yet to weigh in on whether there’s any truth to these claims, but there seems to be little solid evidence backing the rumors. The company cracked down on the use of…

Gate.io threatens legal action against rumor-mongers

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Centralized crypto exchange Gate.io has threatened legal action in response to rumors of imminent bankruptcy. Crypto community members have been speculating since May about a possible connection between Gate.io and the troubled cross-chain protocol Multichain. “Legal proceedings will be initiated against people who cause panic among investors only with rumors and gossip, without relying on any concrete source,” reads a June 4 Twitter announcement originally written in Turkish. Tüm kullanıcılarımızın bilgisine arz ederiz. Sahte ve gerçeklik payı olmayan söylentilere lütfen itibar etmeyiniz. pic.twitter.com/6SpuKx0rU8 — Gate.io (@gate_io) June 4, 2023 Gate.io’s…

Non-custodial fundraising protocol, AngelBlock, to host first raise with SOLA-X

AngelBlock, a web3 fundraising platform for cryptocurrency, has announced SOLA-X as its inaugural fundraising project. Qualified investors may participate in the token sale, which is scheduled to commence by the end of this month.  SOLA-X is building a cross-chain decentralized finance (DeFi) hub that introduces a protocol-managed liquidity and arbitrage mechanism designed to eliminate problems around high slippage for traders and impermanent loss and low APYs for liquidity providers.  The protocol is characterized by its advanced liquidity management system, wherein users can supply a single asset that will be distributed across…

Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

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The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020. In addition to the above, the expectation of the Federal Reserve remaining in a pause mode during the next meeting may have acted as a catalyst for the rally. CME’s FedWatch Tool is showing a…

Liquid Federation expands, aims to strengthen Bitcoin financial infrastructure

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Liquid Federation, a consortium of major exchanges, Bitcoin infrastructure companies, and wallet providers, has welcomed six new members.  Liquid Network, a layer-2 solution enabling the settlement and issuance of crypto assets on Bitcoin, announced in a June 2 blog post on its official website that Bcademy, Boltz Exchange, Equitas Foundation, JAN3, Maven, and Mifiel have joined the Liquid Federation.  The new members have expanded the Federation’s total membership to 67, further diversifying its global reach.…

Crypto scams on the rise, government institutions call for regulatory clarity| Weekly recap

This week, regulatory affairs continued to be a top concern. Government institutions worked towards creating guidelines to adapt to the ever-changing and evolving world of cryptocurrencies. Meanwhile, the private sector showed interest in non-fungible tokens (NFTs) by collaborating on various projects. Despite these positive advancements, reports of fraudulent activities and security breaches highlighted the importance of implementing strong security measures. Discord and Twitter compromises Social accounts of prominent personalities suffered compromises this week. Orbiter Finance’s Discord server fell victim to a breach orchestrated by hackers on June 1. The malicious individuals took…

Atomic Wallet hack losses top $35M, on-chain sleuth reports

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At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million. According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced of tokens being lost, transaction histories being erased, and even entire crypto portfolios being stolen. An independent investigation carried out by pseudonymous Twitter ZachXBT, known for tracing crypto stolen funds and assisting hacked projects, has found the largest victim…

Cryptocurrency Taxation: Navigating the Complex World of Digital Asset Taxes

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Cryptocurrency, having made its presence felt globally as an investment asset, is no longer unfamiliar to the IRS. The tax rules concerning cryptocurrency, however, remain somewhat convoluted. According to the IRS, crypto may be subject to either income taxes or capital gains taxes, depending on its usage. Cryptocurrency is not taxed if you’re merely holding it, or “hodling” as the crypto community often refers to it. But if you’ve gained any income from crypto in a year—either from staking, lending, or selling—you may owe taxes on those proceeds. The IRS…

Digitoads, PEPE, and dogecoin battle for meme coin dominance in 2023

In the cryptocurrency market, three meme coins have gained significant attention and investment in 2023. These coins are digitoads (TOADS), pepe coin (PEPE), and dogecoin (DOGE). Investors have developed a strong interest in these coins, considering them potential contenders for the ultimate meme coin title. Meme coins have fluctuated, experiencing significant gains and losses, leading to discussions among supporters and critics. Despite the cryptocurrency market’s volatility, these coins have managed to endure and flourish, finding their own niche in the online space. The cryptocurrency market is currently witnessing competition among…

InQubeta gains traction in presale, surpassing stacks and tezos

InQubeta (QUBE) has gained more popularity in crypto when compared to its competitors, stacks (STX) and tezos (XTZ). Its solutions have attracted investor interest, resulting in a significant increase in participation during its presale.  InQubeta offers a reliable, secure, and transparent investment system that appeals to investors prioritizing trust. During the presale phase, many investors have shown interest in purchasing QUBE tokens at a reduced price. This is evidenced by the ongoing presale, which has raised over $250,000.  InQubeta is empowering Investors with NFT Marketplace and presale InQubeta is a…