Crypto
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Polygon and Metacade: Two 50x opportunities for 2023
Bearish times in the market are typically when the newest batch of crypto millionaires are made. People have started speculating and trying to figure out which cryptos are next in line to go to the moon. This article is all about uncovering two tokens that have extremely high growth potential. Polygon (MATIC) and Metacade (MCADE) each have the potential to drive the GameFi sector forward. At the moment, both tokens are extremely underpriced and poised for some meteoric growth. In this article, we’ll be discussing the Metacade and Polygon price predictions and show exactly why these projects are so valuable to the GameFi revolution. What is Polygon? Polygon (MATIC), formerly Matic Network, is a decentralised platform that allows for the instant, secure, and trustless deployment of Ethereum-...
My Neighbor Alice Successfully Released Its Game Version 2.0 To Mainstream Audience
Stockholm, Sweden, 20th December, 2022, Chainwire My Neighbor Alice is a blockchain-based social game that has been popular among its users since its initial release and has now launched version 2 to mainstream audiences. My Neighbor Alice successfully released its game version 2.0 to the mainstream audience on December 16, 2022. The online game was released in June 2022 after a successful nine-month pre-alpha stage in September 2021. The game has been growing in popularity ever since its release. My Neighbor Alice is a multiplayer builder game that allows players to build and manage virtual lands, interact with neighbors, and perform exciting daily activities while earning in-game rewards. The fully decentralized social game functions completely on blockchain technology, bringing diverse ...
What it’s actually like to use Bitcoin in El Salvador
I attempted to spend two weeks travelling in El Salvador living on Bitcoin. I tried to pay for every single thing with Bitcoin, or Satoshis, small amounts of Bitcoin. Spoiler alert, I failed. Outfoxed by car hire companies (fortunately my car of choice was not Fiat); stubborn restauranteurs, a parking meter, pupusas, and a fancy dress shop where I was obliged to purchase a multicoloured wig with a $5 bill, I could not survive in “Bitcoin Country” on Bitcoin alone. So where did I go wrong? How did this happen? Isn’t El Salvador supposed to be Bitcoin Country? Is Bitcoin broken? Am I a scammer? First up, there’s no denying: El Salvador is unashamedly a Bitcoin destination. From Bitcoin conferences, big name Bitcoiners, ubiquitous “Bitcoin accepted here” signs, a laser eyed ...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a Dec. 20 filing with the United States Securities and Exchange Commission, Bitcoin (BTC) miner Greenidge has reached an agreement with its creditor, fintech firm NYDIG, to restructure approximately $74 million worth of debt. The deal, in the form of a non-binding term sheet, would result in a major change to Greenidge’s current business strategy, essentially transforming Greenidge from self-mining to hosting NYDIG’s mining rigs. Under the agreement, NYDIG would purchase miners with approximately 2.8 exahashes per second (EH/s) of mining capacity to be hosted by Greenidge, which would facilitate NYDIG’s rights to a mining site within three months following the completion of debt restructuring and hosting agreements. In exchange for consideration amounting to the purchased...
Former Diablo Immortal devs pick ImmutableX for upcoming Web3 MMORPG
Developers behind popular video games such as Far Cry and Diablo Immortal are making use of blockchain technology to build a new Web3 MMORPG. Independent gaming developer Metaverse Game Studios, which boasts a host of developers that have worked on various AAA titles, has announced a partnership with Web3 development platform ImmutableX to continue building Angelic. The upcoming title is powered by Unreal Engine 5 and is touted as a dark science fiction-themed narrative strategy RPG featuring turn-based combat. A story-driven single player campaign and a free-to-play multiplayer metaverse suggest a broad offering for gamers that are looking for a AAA-level Web3 gaming experience. ImmutableX’s full-stack gaming platform will power Ethereum-based nonfungible tokens (NFTs) digital collectible...
Blockchain VC funding surpasses 2021 total despite declining since May
It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain venture capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have surpassed 2021 by almost $6 billion. According to Cointelegraph Research, VC funding declined 4.8% in November, totaling $840.4 million — down from $843 million in October. The Cointelegraph Research Terminal’s Venture Capital Database — which co...
Gate.io closer to launching US services after receiving local licenses
Gate US, the United States arm of the fourth largest cryptocurrency exchange by trading volume, Gate.io says it has received operating licenses in “several” states, bringing it closer to launching services in the country. Founder and president of Gate.io and its U.S. entity, Dr. Lin Han, announced in a Dec. 19 statement that Gate US is now registered as a money services business with the Financial Crimes Enforcement Network (FinCEN) — the country’s money laundering and financial crimes watchdog. He added the exchange “obtained some money transmission licenses or similar to operate, and is currently working to obtain more.” Gate US did not disclose what states it had obtained licenses from but said it is yet to accept users from the country at this stage. Its terms of use however...
BlockFi files motion to return frozen crypto to wallet users
Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from a United States bankruptcy court to allow its users to withdraw digital assets currently locked up in BlockFi wallets. In a motion filed on Dec. 19 with the U.S. Bankruptcy Court in the District of New Jersey, the lender asked the court for authority to honor client withdrawals from wallet accounts that have been frozen on the platform since Nov. 10. The court documents also request permission to update the user interface to properly reflect transactions as of the platform’s pause. In a widely shared email sent to affected users, BlockFi called the motion an “important step toward our goal of returning assets to clients through our chapter 11 cases,” adding “It is our belief that clients unamb...
Coinbase CEO: Regulate centralized actors but leave DeFi alone
Coinbase CEO Brian Armstrong has pushed for stricter regulations on centralized crypto actors but says decentralized protocols should be allowed to flourish given that open-source code and smart contracts are “the ultimate form of disclosure.” Armstrong shared his views on cryptocurrency regulation in a Dec. 20 Coinbase blog where he proposed how regulators can help “restore trust” and move the industry forward as the market continues to recover from the damage done by FTX and its shock collapse. But decentralized protocols aren’t part of that equation, the Coinbase CEO emphasized. “Decentralized arrangements do not involve intermediaries [and] open-source code and smart contracts are “the ultimate form of disclosure,” Armstrong explained, adding that on-chain, “transparency is built in by...
Police body cam leaks suspect’s seed phrase during vehicle inspection
While self-custody is considered the ultimate way to secure one’s funds, many fail to acknowledge the risks associated with physically storing seed phrases. A search conducted by the State Police agency for Nevada ended up making a suspect’s seed phrase public after being picked up by the body cam. A viral video making rounds on Twitter showed two police officers searching a suspect’s car and coming across pieces of paper. It turns out, the suspect was a strong believer in self-custody as unfolding the pieces of paper revealed the suspect’s seed phrase, which was hand-written — a popular method to prevent online compromises. Nevada State Police body cam records suspect’s seed phrase. Source: Twitter As the incident got recorded by one of the officer’s body camera, the suspect’s seed ...
Successful decentralization doesn’t need blockchains — Nillion CEO
Decentralization via blockchain technology has given rise to several applications, including cryptocurrency, nonfungible tokens, decentralized autonomous organizations, decentralized finance and much more. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and decentralized. This new technology could have important implications for how companies and users pursue decentralization as an ethos. When asked how decentralization without blockchains was possible, Nillion CEO Alex Page explained how NMC-basedtechnology takes arbitrary data, transforms and fragments it,...
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to i$18,370 peak on Dec. 14. Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index’s 3.5% decline in the same period. So from one side, Bitcoin bulls have some comfort in knowing that correlation played a key role; at the same time, however, it got $206 million of BTC futures contracts liquidated on Dec. 15. Some troublesome economic data from the auto loan industry has made investors uncomfortable as the rate of defaults from the lowest-income consumers now exceeds 2019 levels. Concerns emerged after the average monthly payment for a new car reached $718, a 26% in...
