Day: December 17, 2023

‘Tens of millions’ to enter Web3 through gaming in 2024 — GameFi execs

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Crypto market hype and the “commercial release” of several highly anticipated blockchain games will likely onboard “tens of millions” gamers to Web3 in 2024, according to Web3 gaming execs. “2024 is a growth year in terms of bringing people on to Web3,” said Yat Siu, co-founder of gaming and venture firm Animoca Brands, in an interview with Cointelegraph. In the last three months, around 1 million — or more — unique active wallets have played Web3 games daily, according to DappRadar data. However, Siu believes there could be up to…

Can crypto mixers adapt to survive US authority prosecution?

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Tornado Cash — a cryptocurrency mixer service that can hide the origin of crypto transactions — hit the headlines after being sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) in August 2022.  The mixer opened Pandora’s box, igniting an open debate about the role of mixers in ensuring personal financial privacy when using cryptocurrencies. U.S. authorities have continued sanctions against these services, with Sinbad.io being the most recent big player under OFAC sanction. Tornado Cash and Sinbad have been taken down by the…

Aurory’s USDC pool drained on Arbitrum’s DEX Camelot

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Solana-based gaming ecosystem Aurory was reportedly breached on Dec. 17, resulting in a drop of nearly 80% in liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Carmelot. According to unconfirmed reports on X (formerly Twitter), the exploit targeted Aurory’s SyncSpace bridge on Arbitrum’s native DEX Camelot around 13:00 UTC, reducing the liquidity of the AURY-USDC pool to roughly $312,000 from $1.5 million. Cointelegraph reached out to Aurory’s team, but has yet to receive a response. AURY-USDC pool liquidity on Camelot V3. Source: Camelot SyncSpace acts as Aurory’s bridge,…

XRP to reach all-time high: Reaper Financial’s Patrick Riley

Reaper Financial founder Patrick Riley is optimistic about Ripple’s (XRP) potential for reaching a new all-time high. In an interview with market analyst Zach Rector, the coin could surpass $22 in the next bull market. Riley broadly discussed some of the projects his team at Reaper has built leveraging the XRP ledger, which will only propel the bullish potential. Furthermore, the crypto startup founder told Rector that the introduction of Ethereum Virtual Machine (EVM) side chains to Ripple will boost the network’s growth.  From Ethereum to XRP Riley deemed Ethereum…

VanEck predicts record-breaking highs for Bitcoin in 2024; InQubeta and Injective likely to surge

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. VanEck predicts Bitcoin will reach record-breaking highs by November 2024. Tying to Bitcoin’s historical three-year price cycles, this forecast also spells good news for altcoins like InQubeta (QUBE) and Injective (INJ). InQubeta aims to ride the wave of crypto AI-future  The rapid advancement of artificial intelligence (AI) has spawned a plethora of tech startups with the potential to reshape various industries. Unfortunately, the average investor often lacks direct access…

New And Upcoming NFT Projects

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Finding the best upcoming NFT projects can be quite challenging, but it’s an endeavor filled with excitement and potential rewards. The NFT world is buzzing with innovation and creativity, offering a plethora of opportunities for collectors and enthusiasts alike. This guide is tailored to simplify your journey through this vibrant landscape, highlighting key NFT trends, notable upcoming NFT mints, and standout NFT projects across various platforms. We’ll show you how to find upcoming NFT projects! Upcoming NFT Projects The arena of upcoming NFT projects in 2024 is a treasure trove…

Bitcoin must stay above $43k for stronger rally: analyst

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After an impressive eight-week rally, propelling Bitcoin (BTC) from $27,200 to over $44,000, the cryptocurrency is now facing a possible massive correction. That’s according to analyst Justin Bennett. The “Daily Price Action” host expressed concern about Bitcoin’s current state, emphasizing the significance of staying above $43,300. Meanwhile, rising network fees and debates over Bitcoin Ordinals and BRC-20 tokens add complexity to the crypto landscape. Bitcoin is on the verge of correction   In a recent post on X, Bennett points out a less optimistic outlook for Bitcoin, stating that the BTC price…

NFT Trader’s stolen Apes returned after bounty payment

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All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) stolen from the peer-to-peer trading platform NFT Trader have been returned after a bounty payment.  NFTs worth nearly $3 million were stolen in the hack on Dec. 16. As per public messages, the attacker attributed the original exploit to another user. “I came here to pick up residual garbage,” they wrote, requesting ransom payments to return the NFTs. “If you want these NFT’s back then you need to pay me 120 ETH […] and then…

Coinbase, Ledger, Trump, SafeMoon, NFT Trader: Weekly Recap

Today’s Weekly Recap dives into U.S. regulators’ rejecting Coinbase’s petition for clear rules; the Ledger hack; SafeMoon’s bankruptcy; former U.S. President Donald Trump’s new NFTs; and the massive breach at NFT Trader. Regulatory efforts One of the highlights this week was a slew of events related to crypto regulations. Chairperson of the U.S. CFTC Rostin Behnam claimed in a CNBC interview on Dec. 12 that most crypto assets are commodities under existing laws, as opposed to the SEC’s stance. Stablecoin issuer Tether reaffirmed its readiness to work with U.S. authorities…

Best Altcoins And Deep Learning Models

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The AI trend has taken a significant leap forward in 2023, reshaping our understanding of what’s possible. As we delve into 2024, these advancements are not just theoretical; they’re practical, influential, and deeply intertwined with various sectors, notably cryptocurrencies. At the forefront of this revolution are deep learning models, sophisticated algorithms that have become the powerhouse driving the latest AI trends. These models are not only transforming traditional industries but are also making a profound impact in the crypto space. This article explores the synergy between AI and crypto, unraveling…