Monthly Archives: June 2022

GAIMIN Launches the World’s First Interoperable, Cross-Game, Utility NFT – GAIMIN’s NFTxg

PRESS RELEASE. GAIMIN has solved a key issue for gamers – re-usable, purchased in-game assets that are not lost when a game closes or the gamer wants to play a different game. With GAIMIN’s world first NFTxg, a gamer can now securely invest in their gaming experience and retain ownership of a cross-game asset inventory. GAIMIN’s NFTxg delivers true cross-game, cross-device, interoperable utility NFTs to moddable AAA games, enabling a gamer to own and retain full ownership their in-game asset purchases, re-using their NFTs across different games […]

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Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war

According to the CEO, Everstake had made preparations for a “special fund” to tide the firm over in the event of a bear market. Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country.  In a Wednesday Twitter thread, Vasylchuk said Everstake had hired 30 people since the Russian war against Ukraine started in February, and the firm still had more than 10 positions in […]

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Former president of the New York Stock Exchange joins Uniswap Labs as an advisor

Uniswap said it is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3. On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an advisor. Cunningham served as the first female president of the New York Stock Exchange after beginning her career as a trader on its floor. She said in a statement that she believes in the potential of Uniswap’s commitment to fairer markets.Uniswap is betting on her […]

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Ankr partners with Optimism to provide a fast and reliable RPC service for users

Ankr also said that it will incentivize independent Optimism node operators to add their nodes to the load balancer in return for ANKR tokens. Ankr, a company that provides one-click node deployment and Web3 infrastructure, has announced that it will become a remote procedure call provider for Optimism. Optimism is an open-source Layer 2 scaling solution for Ethereum that focuses on speed and efficient transactions across the network. It has caught the eyes of many in recent months, including Ethereum co-founder Vitalik Buterin. This is a great […]

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US House Ways and Means chairman asks the GAO to check out crypto in retirement plans

It will look at the use and oversight of crypto in 401(k) and similar plans, which is controversial in many parts of the government. Chairman of the United Sates House of Representatives Ways and Means Committee Richard Neal sent a letter to the Government Accountability Office (GAO), a legislative branch watchdog, asking the agency to weigh in on the use of cryptocurrency in retirement plans. Defined contribution plans, such as the 401(k), are increasingly allowing savers to incorporate cryptocurrency in their plans, the lawmaker said, and concerns […]

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Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain

Essential goals like “trust and censorship resistance” can be aided by distributed ledger technology, said Vitalik. Vitalik Buterin, co-founder of both Ethereum & Bitcoin Magazine, took to Twitter to share his thoughts on non-financial use-cases for blockchain technology. In a paper titled “Where to use a blockchain in non-financial applications?”, Buterin expressed a growing interest in using blockchain technology outside of the financial industry. He noted that while other industries have been slow to adopt the technology, he can “see the value of blockchains in many situations.” […]

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Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip?

Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers. Bitcoin (BTC) has been unable to restore the $24,000 support since Celsius, a popular staking and lending platform, paused withdrawals from its platform on June 13. A growing number of users believe Celsius mismanaged its funds following the collapse of the Anchor Protocol on the Terra (LUNA; now LUNC) ecosystem and rumors of its insolvency continue to circulate. An even larger issue emerged on […]

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Bitcoin Erases Losses As Fed Raises Interest Rates By 0.75% In Largest Hike Since 1994

FOMC Chair Jerome Powell assured investors that the Fed is ‘not trying to induce a recession’ in the United States. The Federal Open Markets Committee (FOMC) raised its target interest rates by 75 basis points on Wednesday, the largest rate hike since 1994. The raise came in line with market expectations that foresaw a more hawkish committee in action as latest inflation figures came above expectations, marking a new 40-year high at 8.6%. FOMC Chair Jerome Powell, who also serves as chair of the Federal Reserve, had […]

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MetaMask warns of security vulnerability from older versions of popular crypto wallet

“Ultimately, we’ve learned that our password encryption feature’s security was partially undermined by browser behavior,” said the team at MetaMask. On Wednesday, MetaMask said that it uncovered a critical security vulnerability in older versions of its crypto wallet with the help of security researchers at Halborn. The security firm was awarded a bounty of $50,000 for the discovery.  For users of the MetaMask extension before version 10.11.3, three necessary conditions would have led to the potential vulnerability. They are: 1) an unencrypted hard drive, 2) having imported […]

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ECB may cap digital euro at 1.5T tokens — Executive board member

“Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta. Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment. In a Wednesday speech for the Committee on Economic and Monetary Affairs of the European Parliament, Panetta hinted the ECB […]

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