Mga Gabay, Kaalaman at Insight sa Crypto

FTX Hires Steve Sadin of WB Games as Head of Gaming Partnerships

Gamers will keep assets from blockchain games “for decades,” and FTX wont support any “pump-and-dump projects,” he told Decrypt.　　The cryptocurrency exchange FTX is expanding its reach into gaming, adding former WB Games and Sega executive Steve Sadin as head of gaming partnerships. 　　FTX Gaming plans to offer crypto-as-a-service to existing gaming companies, enabling developers to add play-to-earn or NFT features to upcoming games.　　Sadin comes from a more traditional gaming background—he was vice president of product for Sega before becoming executive director of product for WB Games and later VP and studio head of WB Games in Boston—similar to Ryan Wyatt, the former head of YouTube Gaming who recently left to become CEO of Polygon Studios.　　“Our primary focus is providing Web3 support for gaming companies,” Sadin told Decrypt via email. “Whether youre a one-person indie or a global developer/publisher with tens of thousands of employees, we want to help enable you to safely and easily build and operate fully compliant crypto games that will be enjoyed for decades.”　　That said, Sadin also wants FTX Gaming to be selective when choosing partners.　　“We‘re not here to support any pump-and-dump projects,” he said. “There needs to be a great design, a passion for making [and]

2022-03-10Malalim na Pagsisid

Blockdaemon Acquires Crypto API Company Gem

Blockchain infrastructure platform Blockdaemon announced on Wednesday that it has acquired Gem, a popular cryptocurrency on-ramp company.　　Gem is an API (application programming interface firm) that provides fiat-to-crypto offramps and onramps, or bridges between digital assets and fiat currencies. The firm also provides know your customer (KYC) solution and a trade data aggregation service.　　Los Angeles headquartered Blockdaemon is therefore set to integrate Gem‘s robust, embeddable UI flows and API, which will enable its users to seamlessly buy more than 40 cryptocurrencies from 125 countries through the company’s onramp service. Once integrated into the Blockdaemon platform, Gem‘s latest product Connect will enable Blockdaemon users to connect to and transact with more than 2,000 cryptocurrencies across 20+ exchanges and custodians, which will see a comprehensive stream of transaction data. As a result, Blockdaemon will take advantage of all of Gem’s major products including its Onramp solution, its Connect API, its KYC Passport, and many more.　　Konstantin Richter, CEO and founder of Blockdaemon, talked about the development and said: “With our acquisition of Gem, Blockdaemon is welcoming to our fold the brilliant Micah Winkelspecht, Gem CEO and long-time cryptocurrency entrepreneur, along with an extremely talented team of engineers and product people. As a result, Blockdaemon

2022-03-10Malalim na Pagsisid

Dubai Establishes New Crypto Laws

Sheikh Mohammed bin Rashid Al Maktoum said the goal was to “establish the UAE and Dubais position as a key player in designing the future of virtual assets globally.”　　The Dubai Virtual Asset Regulation Law was approved by Dubais ruler today.　　Moreover, the Dubai Virtual Asset Regulatory Authority was established.　　Sheikh Mohammed bin Rashid Al Maktoum is attempting to propel Dubai forward as the preeminent global crypto hub.　　Dubai approved a new virtual assets law today, and it created the Dubai Virtual Assets Regulatory Authority. This is a key step in Sheikh Mohammed bin Rashid Al Maktoums ambitions to turn Dubai and the United Arab Emirates as a whole into a crypto industry hub.　　　　Dubais New Crypto Law 　　Sheikh Mohammed bin Rashid Al Maktoum, ruler of the Emirate of Dubai and one of the worlds richest politicians, has extended the push to make the city the center of digital assets in western Asia. 　　Today Sheikh Mohammed, who is also the vice president and prime minister of the United Arab Emirates, announced the Dubai Virtual Asset Regulation Law, which is “aimed at creating an advanced legal framework to protect investors,” and designing “much-warranted international standards for virtual asset industry governance that will promote responsible business growth,

2022-03-10Malalim na Pagsisid

Music Sharing Service LimeWire Is Back—As an NFT Marketplace

The dormant peer-to-peer IP is being rebooted as a platform for music NFTs and other collectibles from musicians.　　LimeWire, formerly a peer-to-peer music sharing service, will be relaunched as a music-centric NFT marketplace.　　The platform is set to launch in May, and plans to release its own token later this year.　　A popular peer-to-peer music sharing service from the early 2000s is about to get a second act. Today, the new owners of the long-dormant brand LimeWire announced that it will be relaunched as an NFT marketplace, initially with a focus on music and related collectibles.　　LimeWire will debut in May under the leadership of co-CEOs Paul and Julian Zehetmayr, a pair of serial tech entrepreneurs. The brothers told Decrypt that they acquired the LimeWire brand last year in an effort to reintroduce it for a new wave of digital listeners.　　“We highly appreciate the strength and energy around the LimeWire brand and what it meant for a whole generation of people,” they told Decrypt via emailed responses, “and we could not be more excited to bring it back to life in the fast-moving world of digital collectibles, music, and entertainment.”　　LimeWire will be operated by a completely new team with no ties to the original

2022-03-09Malalim na Pagsisid

Bored Ape Yacht Club Donates $1 Million in Ethereum to Ukraine

The NFT collection has matched BAYC holders $1 million in contributions with a donation of its own.　　The Bored Ape Yacht Club (BAYC) NFT collection announced Tuesday that it donated $1 million to the country of Ukraines official Ethereum wallet address.　　The NFT collection‘s Twitter account shared the information along with an Etherscan transaction link showing that it sent 388.999 ETH (a little over $1 million) after being inspired by its community members’ contributions.　　NFTs are unique tokens that exist on a blockchain such as Ethereum and signify ownership of an asset. The BAYC was among the first NFT collections to reach a floor price—or minimum “buy-now” price per NFT—of over 50 ETH.　　Since then, the BAYC has become a cultural symbol in the NFT space, with celebrities like Eminem, Steph Curry, Jimmy Fallon, and many others “aping” into the collection.　　Currently, the BAYC is the second-largest NFT collection of all time based on marketplace OpenSeas rankings, having registered over 417,000 ETH ($1 billion) in secondary sales.　　The BAYC donation to Ukraine comes after a number of other Web3 communities—from DAOs to memecoin holders to NFT collections—announced projects and initiatives centered around contributing to Ukraine relief.　　To date, Ukraine has received well over $88 million in cryptocurrency

2022-03-09Malalim na Pagsisid

Ethereum Fees Fall To 6-Month Low As NFT Mania Fades

Why are Ethereums gas fees falling？　　After all, it wasn‘t that long ago that merely approving a transaction on the network cost an arm and a leg, let alone starting to swing your digital scythe in a yield farm. We’re now seeing moves for less than ten dollars.　　The answer？ NFTs.　　Ethereum Gas Fees Falls　　Even though the overall crypto market cap dropped early in the year, the market for NFTs—tokens used to prove ownership of other assets—showed no signs of slowing down. In January, OpenSea set yet another sales record, reaching $5 billion in revenue. A slew of celebrities, including Paris Hilton, Eminem, Tom Brady, and a slew of others, joined the fad.　　Indeed, Ethereum volumes on OpenSea have plummeted during the last few weeks.　　When you take a step back and look at the relationship, it becomes even more apparent. Volumes on OpenSea dropped from $247 million to $124 million from February 1 to February 6.　　At the same period, the median gas price fell by half, from 134 gwei to 65 gwei.　　We can double-check that the USD values in the first chart arent merely due to a decline in the price of Ethereum by looking at the price of ETH at the same time.　　Recent

2022-03-09Malalim na Pagsisid

Cardano (ADA) Founder, Charles Hoskinson Accused of Falsifying His Bio

Charles Hoskinson, a famous American software developer, founder of Cardano (ADA), Co-founder of Ethereum, and a successful entrepreneur, defended fame as an arrogant crypto space debater. In Germany, Charles Hoskinson had already criticized IOTA, cryptocurrency, almost twelve months ago and impeached IOTA for false reporting on the subject matter “freedom from fees.” 　　Now Charles Hoskinson faces humiliation whether he has not lightened up his educational bio. One of the famous cryptocurrency journalists, Laura shin, released a book and disclosed Decentralized Autonomous Organization (DAO) hacking. One of the vigilant readers noticed Charles Hoskinson while studying the books pages and started a debate via Twitter. 　　Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a PhD program and the schools assertions that you were enrolled as an undergrad？　　Charles Hoskinson Lacks Doctoral Degree　　Charles Hoskinson disgraced the viewpoint of Laura Shin about sketching about his career and impeached the writing novels. Charles bittered and assured of competing with science fiction, Sci-fi, and imaginary scriptwriters and suggested people should not consider the report findings.　　Laura Shin stated that she bears goodwill as a writer and is associated with famous magazines like Forbes and cant lie

2022-03-08Malalim na Pagsisid

FTX Crypto Exchange Announces Major Expansion into European Market

FTX, a major cryptocurrency exchange, announced on Monday it is launching a new European affiliate- FTX Europe, as part of efforts to establish its business in the continent.　　The exchange made such an announcement after securing approval from Cyprus financial regulator CySec. Following the approval, FTX Europe will start serving users across Europe.　　FTX Europe is the second affiliate of the FTX crypto exchange. In May 2019, the exchange launched its American affiliate, FTX US.　　FTX said that it would begin offering its products to European customers through a licensed investment company with accreditable licenses across the European economic area. The new entity will be headquartered in Switzerland, with an additional base in Cyprus.　　Patrick Gruhn, a partner at the Swiss legal firm Crypto Lawyers LLC, will be the head of FTX Europe. Gruhn talked about the new development and said: “Europeans will now be able to use FTXs best-in-class trading platform to invest in a wide range of cryptocurrencies derivatives thru a regulated investment firm.”　　Meanwhile, Sam Bankman-Fried, the CEO and founder of FTX exchange, also commented about the business development and stated: “As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we

2022-03-08Malalim na Pagsisid

Coinbase Blocks 25,000 Accounts Linked to Russia To "Support" Sanctions

Coinbase said it blocked tens of thousands of accounts linked to Russian individuals and entities suspected of “illicit” activity　　Coinbase has blocked 25,000 wallets addresses linked to what the cryptocurrency exchange believes are Russian individuals and entities engaged in illegal activity.　　According to a blog post on Monday, Coinbase‘s Chief Legal Officer Paul Grewal said many of the accounts had been identified through the exchange’s own “proactive” investigations.　　The move is part of a wider response to the invasion of Ukraine by Russia, the exchange said. The addresses have been shared with the US government to “further support sanctions enforcement.”　　“Sanctions play a vital role in promoting national security and deterring unlawful aggression, and Coinbase fully supports these efforts by government authorities,” the post said.　　The move comes days after Coinbase CEO Brian Armstrong said in a tweet last Wednesday his company didnt think there is a “high risk” of Russian oligarchs using crypto to avoid sanctions.　　“Because it is an open ledger, trying to sneak lots of money through crypto would be more traceable than using US dollars cash, art, gold, or other assets,” Armstrong said.　　Exchanges in the US and abroad have agreed to follow sanctions orders but have refused to blanket-ban Russians on the

2022-03-08Malalim na Pagsisid

Crypto Market Cap Returns to $2 Trillion

Global cryptocurrency markets have rallied strongly in recent days in the wake of the Russian invasion of Ukraine, with Bitcoins rising to $44,188 on Wednesday after falling to $36,370 last week. Other leading cryptocurrencies, including Ethereum, ripple and Solana, were either flat or up at least 2%.　　According to CoinGecko, the value of the cryptocurrency market was back at $2 trillion as of 10:15 a.m. ET, and the overall cryptocurrency market capitalization is now as high as $2.04 trillion.　　The total cryptocurrency market value is still below the $3 trillion since four months ago.　　At the time of writing, bitcoin was up 25.06% over the past 7 days, trading at $43,403.16. Ether has also gained over 24% over the past 7 days, trading at $2,904.60 at present, according to Coinmarketcap.　　But as the U.S. and European Union announced tough sanctions, Russian investors flocked to the cryptocurrency market to avoid the rubles devaluation.　　Bitcoins ruble volume topped $16 million on Thursday, its highest level this year. On Monday, the total was about $8.5 million.　　In a bid to avoid bitcoins price volatility, ruble-denominated transactions with Tether, a so-called stablecoin, hit $29.4 million, the highest level this year, in a week.　　As a reminder, WikiBit is ready to help

2022-03-04Malalim na Pagsisid

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