Crypto news
Kitsumon Launches NFT Breeding Gameplay
London, United Kingdom, 23rd September, 2022, Chainwire Kitsumon has announced the launch of its Breeding Mainnet, showing the significant progress made by the game project since its testnet announcement back on the 14th of June 2022, and hundreds of users testing this Gameplay aspect within this period of time also, which is now available. The Breeding Mainnet allows players the full capability to create “Hybrid Kitsus”, which are the combination of two Kitsu creature NFTs. The offspring created inherits genetic elements through Digital DNA technology, providing over 17 trillion possible outcomes. [embedded content] Players can get their hands on Egg NFTs through Kitsumon’s integrated marketplace, and hatch these eggs into Kitsu NFTs through the KitsuDex . If players own Infinity Potions,...
Saving the planet could be blockchain’s killer app
The sustainability movement has emerged as a 21st century megatrend, and it shows no signs of abating. Record heat in Europe, wildfires in the U.S. West, floods in Pakistan, drought in China, and accelerating ice cap melt in Greenland and Antarctica have driven home to many the looming threat of climate change. Meanwhile, the New York Times declared in December “the sustainable industrial revolution is just getting started,” and even heavy industries like shipping, steel, and plastics are beginning to grasp the importance of an ecologically sustainable future — developing products like “green steel,” which is a fossil-free steelmaking process. But hurdles remain, including questions about transparency, accountability, traceability, trust, data integrity, and even greenwas...
BNB Chain launches a new community-run security mechanism to protect users
BNB Chain, the native blockchain of Binance, has launched AvengerDAO, a new community-driven security initiative to help protect users against scams, malicious actors and possible exploits. The security-centric decentralized autonomous organization (DAO) has been developed in association with leading security firms and popular crypto projects such as Certik, TrustWallet, PancakeSwap and Opera, to name a few. The AvengerDAO security initiative mainly consists of three major components, namely a passive API system called Meter, a subscription-based alert system called Watch, and a programmable fund management system called Vault. When a user on the BNB Chain interacts with any applications or counterparties, AvengerDAO adds an additional layer of security. The Meter API system fetches s...
Crypto insurance market expands with decentralized and centralized options
Insurance is key for financially securing important assets. Yet, the cryptocurrency sector — which is predicted to reach a global market size of $4.94 billion by 2030 — may be lagging behind when it comes to insuring digital assets. For instance, it’s been noted that less than 1% of all crypto investments are currently insured. This statistic is alarming, considering the rapid growth and high-risk profile associated with today’s cryptocurrency market. Ben Davis, team lead for digital assets at Superscript — a British startup and Lloyd’s of London-licensed insurance broker — told Cointelegraph that crypto has been marginalized when it comes to insurance solutions. “Superscript has spent years focusing on insurance for emerging tech fields. I lead a team that focuses specifically on cr...
Ethereum miners dump 30K ETH, stonewalling ‘ultra sound money’ deflation narrative
Ethereum’s switch to proof-of-stake (PoS) on Sept. 15 failed to extend Ether’s (ETH) upside momentum as ETH miners added sell pressure to the market. On the daily chart, ETH price declined from around $1,650 on Sept. 15 to around $1,350 on Sept. 20, an almost 16% drop. The ETH/USD pair dropped in sync with other top cryptocurrencies, including Bitcoin (BTC), amid worries about higher Federal Reserve rate hikes. ETH/USD daily price chart. Source: TradingView Ethereum remains inflationary The Ether price drop on Sept. 15 also coincided with an increase in ETH supply, albeit not immediately post-Merge. $ETH is now Ultra Sound Money pic.twitter.com/fKz6VmoWdR — DavidHoffman.eth (@TrustlessState) September 15, 2022 Roughly 24 hours later, the supply change flipped positi...
Metaverse Technology Company Peer Inc. Partners with Fresh Consulting to Bring the AR Metaverse to Market
Seattle, Washington, United States, 20th September, 2022, Chainwire Peer Inc., a metaverse technology company, has entered a new partnership with Seattle-based innovation agency <a title="Fresh Consulting” href=”https://www.freshconsulting.com/” rel=”nofollow noopener”>Fresh Consulting. Peer will be working with Fresh to deliver on its <a title="vision of a gamified digital layer on top of the world” href=”https://coinstack.substack.com/p/the-metaverse-for-augmented-reality” rel=”nofollow noopener”>vision of a gamified digital layer on top of the world, and support its mission to bring people and content into the metaverse. Fresh will provide an elite team of engineers, developers, designers, and strategists ...
‘FED sledgehammer’ will further batter BTC, ETH prices — Bloomberg analyst
The United States Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin (BTC) and Ether (ETH) down even further, before reaching back to new all-time highs in 2025, according to Bloomberg analyst Mike McGlone. Ahead of the latest Fed interest rate hike to be announced this week, the market is expecting a minimum of a 75-basis-point increase, however some fear it could be as high as 100 basis points, which would represent the biggest rate hike in 40 years. Speaking with financial news outlet Kitco News on Saturday, McGlone, senior commodity strategist of Bloomberg Intelligence, suggested that further market carnage is on the cards for BTC, ETH and the broader crypto sector as Fed’s actions will continue to dampen investor sentiment: “We have to turn over to the...
Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions NFT of eye and more
Decentralized blockchain-based metaverse The Sandbox has held its first hybrid digital and real-life wedding on its metaverse. The bride and groom, Singaporean couple Joanne Tham and Clarence Chan, CEO of music company Bandwagon, celebrated their matrimony on Saturday in a “70s disco glam” themed wedding, which took place in a digital replica of Singapore’s famous Alkaff Mansion. ❤️ A @TheSandboxGame wedding just happened a few hours ago. Congratulations @clarcrypto ! A special thank you to @borgetsebastien . A feature video dropping today. @thecobbleland #wedding #metaverse pic.twitter.com/141o915Hew — Smobler Studios (@smoblerstudios) September 17, 2022 While the couple was physically present at a real-world hotel venue along with some guests, their digital avat...
Ethereum co-founder Vitalik Buterin shares vision for layer-3 protocols
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a different function to layer 2s, which have been used mainly to enhance scaling via zero-knowledge (zk) Rollup technology: “A three-layer scaling architecture that consists of stacking the same scaling scheme on top of itself generally does not work well. Rollups on top of rollups, where the two layers of rollups use the same technology, certainly do not....
DeFi platform sees strong interest in halal-approved crypto products
Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022. Launched in 2020, the platform is focused on adhering to the rules of “Islamic finance” which refers to how businesses and individuals raise capital in accordance with Sharia, or Islamic law. Speaking to Cointelegraph, Marhaba DeFi founder and CEO Naquib Mohammed said active users of their noncustodial multichain Sahal Wallet have grown to around 40,000 since its launch, stating: “People need a platform where they can trust every token they interact with, so we don’t have to go hunting on different platforms, tapping into different [Islamic] scholars or expe...
Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move
Bitcoin (BTC) faced a 9% correction in the early hours of Sept. 19 as the price traded down to $18,270. Even though the price quickly bounced back above $19,000, this level was the lowest price seen in three months. However, pro traders held their ground and were not inclined to take the loss, as measured by derivatives contracts. Bitcoin/USD price index, 2-hour. Source: TradingView Pinpointing the rationale behind the crash is extremely difficult, but some say United States President Joe Biden’s interview on CBS “60 Minutes” raised concerns about global warfare. When responding to whether U.S. forces would defend Taiwan in the event of a China-led invasion, Biden replied: “Yes, if in fact, there was an unprecedented attack.” Others cite China’s central ...
CFTC commissioner visits Ripple offices as decision in SEC case looms
Caroline Pham, one of five commissioners at the United States Commodity Futures Trading Commission, or CFTC, met with Ripple CEO Brad Garlinghouse ahead of a court decision which could affect how regulators handle XRP tokens. In a Monday tweet, Pham said she visited Ripple Labs’ offices as part of a “learning tour” involving crypto and blockchain. Garlinghouse later tweeted that the commissioner’s visit was related to “public-private engagement” — likely referring to a privately funded company like Ripple engaging with U.S. regulators. The next stop on my learning tour was visiting @Ripple Labs. Thanks @bgarlinghouse! #XRP #crypto #blockchain pic.twitter.com/ICr8H2ZE3q — Caroline D. Pham (@CarolineDPham) September 19, 2022 The timing of Pham’s visit had many on social media reacting to the...
