Category: Blockchain

DeFi Has Become Crypto Crime’s Main Arena, Crystal Blockchain Says

Another surging kind of crypto crime are the so-called rug pulls, in which a project’s founders either run away with users’ money or dump the token they created on the community. Rug pulls became the most popular kind of fraud in 2022, Crystal said. Out of 36 cases of fraud, 34 were associated with rug pulls, mostly on Binance Smart Chain (BSC), a blockchain network run by the major global centralized exchange, Binance. 23 rug pulls out of 34 happened on BSC, Crystal said. Source link

Metaverse visionary Neal Stephenson is building a blockchain to uplift creators

“I worry about things that are not directly related to blockchain and the Metaverse. I worry about climate change and about social fragmentation.” Last month marked the 30th anniversary of the publication of Neal Stephenson’s science fiction novel Snow Crash. With its dystopian vision, rollicking prose and futuristic renderings of everything from social media networks to virtual assistants and even alternative currencies — Bitcoin wasn’t to launch for another 17 years — the work soon achieved iconic stature in the tech world. Bill Gates, Jeff Bezos and Jack Dorsey were…

Nakamoto Games’ NAKAVERSE to Redefine Blockchain-Based Gaming and GameFi for the Play-to-Earn Industry

Nakamoto Games, the world’s leading play-to-earn gaming ecosystem, has relentlessly continued the build-out of its platform and social communities while expanding its cross-platform integrations and user services as part of laying the groundwork for the NAKAVERSE – the $NAKA-powered metaverse of the future. Within six short months of going live on the mainnet, Nakamoto Games has exponentially grown its social presence, added almost two dozen blockchain-based play-to-earn gaming titles, and initiated research into a dollar-pegged stablecoin called $USP. The development team also has many new titles in the works, including…

Abacus Life Partners With Blockcerts to Introduce Blockchain-Powered Insurance

Abacus Life Settlements, a buyer of life insurance policies in the United States, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets. Jay Jackson, the CEO of Abacus life, pointed out: “Abacus Life and Longevity Market Assets are excited to partner with BlockCerts Web 4.0 to lead the next generation of life insurance and annuity purchases using blockchain. We are revolutionizing the acquisition and investment in longevity-related assets.”  Through blockchain technology, Abacus life will attain next-generation data security, cost reductions, and a competitive advantage in…

Titanium Blockchain Pleads Guilty In $21M Crypto Securities Fraud

Titanium Blockchain Infrastructure Services (TBIS) has pled guilty to a securities fraud of over $21 million crypto scam. The US Department of Justice had announced that Michael Alan Stollery, CEO and Founder of Titanium Blockchain has declared himself guilty of the $21 million initial coin offering (ICO) scam. Michael, who is from California had accepted that he falsified details around the BAR coin, which is a crowdfunding token that wasn’t registered with the US Securities and Exchange Commission. The court documents claim that Michael had endorsed TBIS as a cryptocurrency…

MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers – Blockchain News, Opinion, TV and Jobs

A journalist has spent a month tracking his movements via a popular move-to-earn app to answer the question “Can you make money walking with NFTs?”. Ashton Miller, a journalist with MyTopSportsbooks, a website providing reviews of the best the best sports betting sites on the web, spent a month walking in non-fungible sneakers. The virtual shoes, represented in move-to-earn (M2E) app STEPN, award their “wearer” with cryptocurrency for every step they take. Miller’s investigative journalism entailed using the STEPN app every day for a month and recording his progress and…

Crypto Mining Firm EZ Blockchain Launches Low-Emission Custody Hosting Service

Crypto miner EZ Blockchain will promote its low-emission custody all-inclusive hosting service at the Mining Disrupt conference in Miami from July 26-28. Currently, the hosting service will serve cryptocurrency mining investors in four states, including Kansas, Texas, Colorado, and South Carolina. EZ Blockchain is committed to solving the global problem of wasting energy and connecting the blockchain ecosystem with sustainable energy. The company also said it would be working on a 1.5mW mobile submerged mining vessel solution shortly. The product has already started mass production and is expected to be…

Titanium Blockchain’s CEO Pleas Guilty of ICO Fraud worth $21m

Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), has admitted of involving multiple fraudulent accounts in a 2018 initial coin offering (ICO). In May 2018, Stollery and his company were charged by the U.S. Securities and Exchange Commission (SEC) with conspiracy to defraud investors. Stollery admitted that he had conspired to defraud millions of cryptocurrency investors through ICOs. And by forging the white paper of TBIS’s ICO, implanted false customer recommendations to create ICO’s planned marketing activities and legitimacy and publishing misleading and false information with development…

Moelis Investment Bank Launches Blockchain Firm for Crypto Venture Deals

Moelis & Co, an investment bank founded by billionaire Ken Moelis, announced Monday to launch a global group focusing on venture deals in the blockchain and digital asset industry. The investment bank, led by former UBS dealmaker and billionaire Ken Moelis, has created a new team of dealmakers who will work on transactions with cryptocurrency and blockchain firms. The new team will be headed up by John Momtazee, Moelis’ co-founder and global head of media investment banking. The New York-based investment bank has also hired longtime venture investor Lou Kerner…

Blockchain Infrastructure Firm Chain Completes Acquisition of MDT for $100m

Blockchain infrastructure firm Chain has completed the acquisition of Measurable Data Token (MDT), despite the slump in cryptocurrency prices. Chain announced on Saturday that the $100 million deal will provide the company with assets, including MDT, cash-back application RewardMe and financial data protocol MeFi. Chain offers developers cloud services to build blockchain-based applications. The unique aspect of this deal involves token conversion, where MDT will become Chain’s native Token XCN, according to The Block. The firm’s internal M&A handled the deal, alongside advisers from Tanner De Witt and Rooney Nimmo, it…