MKR briefly rose above $1,200 early Friday for the first time since last August, then pared some of its gains to change hands at around $1,148. The token is up 28% over the past week, significantly outperforming the 4.6% decline of the CoinDesk Market Index, which tracks the broader crypto market’s performance. Source
McDonald’s Hong Kong has picked The Sandbox to build its first Web3 experience, the McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets’ 40th anniversary. The experience takes users to a virtual store, with a hidden factory and a tour through the history of the chicken snack, allowing gamers to play and complete quests to win rewards, such as the metaverse utility token SAND, which is used to purchase virtual goods and customize avatars on the platform. Hong Kong users can also win 365-day free Chicken McNuggets coupons for…
This week, OpenSea introduced “Deals,” allowing NFT collectors to trade directly with one another and McDonald’s launched McNugget Land in The Sandbox, inviting users to interact with pixelated nuggets and play mini-games. Source
Human communication systems are under threat from linguistic robots (AI). But the same spammy problem helped lead to the creation of Bitcoin. Source
The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States. According to records filed with U.S. District Court in the District of Columbia on July 21, Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with prosecutors. The pair had been charged with money laundering conspiracy and conspiracy to defraud the United States, and expected…
The pair will forfeit the proceeds from nearly 120,000 bitcoins they allegedly laundered from the hacked crypto exchange. Source
The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research Venture Capital Database. While the United States Federal Reserve halted interest rate hikes in June, the macroeconomic climate remains unchanged due to geopolitical uncertainties and continued efforts to tame inflation across the globe. As the data shows, investors remained cautious and in risk-off mode in June, with the growth trend of the previous three months coming to a halt. Purchase…
Paradigm, a separate entity from the venture capital firm of the same name, said Paradex is a hybrid derivatives exchange that combines the liquidity and performance of centralized finance CeFi with DeFi’s transparency, trustlessness and self-custody. Source
Crypto has been utilized by terrorists and insurgent groups around the world over the past few years. In 2021, global crypto exchange Binance reportedly froze the accounts controlled by the militant wing of Hamas, which accumulated around $80,000 in a single month, CryptoX reported. Apparently, the traceability of bitcoin led to Hamas abandoning it as a fundraising method in 2023 “for the safety of its donors,” the groups announced in April. Source AlliesCryptoISISLabsMillionsRaiseTRM CryptoX Portal
Conch AI is an artificial intelligence (AI)-powered writing assistant that was launched in the early 2020s. The tool utilizes machine learning and natural language processing algorithms to analyze and understand text-based data, offering a range of features to enhance the writing process. Overview Conch AI is a comprehensive writing assistant that allows users to rewrite sentences and paragraphs, summarize sources, answer questions, and generate introductions, conclusions, and outlines. It also has a built-in AI detector bypasser, which helps users avoid detection by algorithms like GPTZero and Turnitin. The tool is…