Rogue Employees Mine Cryptocurrency Using Company .. ... - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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As of September 19, 2023, the combined market capitalization of the top 10 video game companies was a staggering $3,219.6 billion, overshadowing the total market cap of the top 10 gaming tokens at $4.8 billion. This highlights the financial clout of established gaming giants in the blockchain gaming industry. Clay Nation, a project of 10,000 non-fungible tokens (NFTs), announced the launch of a new blockchain bridge for Cardano and Polygon networks in The Sandbox metaverse. Rogue Employees Mine Cryptocurrency Using Company .. ...The most commonly observed averages for this indicator are the 50-day and 200-day. When the 50-day moving average crosses below the 200-day moving average, it signifies a potential long-term downtrend in the asset’s price. Or, so the thinking goes. Crypto Analyst Presents Altcoins Using Network Activity

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Source: metacene.ioMetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out.According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into a post-apocalyptic society where survivors interact with six primary in-game non-fungible token (NFT) types to "redefine civilizations." It pioneers player-centric entertainment, governance, and creation through its technology infrastructures, social guild decentralized autonomous organization (DAO) governance, and in-game editors, it said.The team added that,"Capturing the true essence of Web3, we transcend the ordinary by seamlessly combining the AAA aspirations of Web2 gaming with the revolutionary technologies of AI and blockchain." Per the roadmap, the team plans to conduct the second alpha test and launch the mainnet blockchain in Q3 this year.In Q4, they expect to launch the commercial version 1.0, followed by version 2.0 in 2024.Bloomberg argued that investors and crypto game makers are looking for a way to build a game "that doesn’t look like a vessel for sketchy financial speculation." According to creator Alan Tan,"The notion was that gamefi players were in it just for the money but not for the fun. But that was just because developers opted to focus on the ‘fi’ but not the ‘game’."Per Blomberg, MetaCene "has a long way to go, but the early reception shows that a solid game with a crypto element is better than a crypto economy with a game attached to it."Taking Transaction Cut, Planning to Raise MillionsMetaCene was founded in October 2021 by gaming veterans, with more than two decades of industry experience from Shanda Games, Blizzard, Perfect World, and others. The team, led by Alan Tan, includes Cary Chen, Lion Cheung, Owen Fung, and Last Chan.In August, MetaCene announced its alpha test as a limited-time event to allow players to explore three main areas of the game's world, meet each other, form guilds, complete quests, and earn rewards. Of the 2,961 players, some 90% engaged in Player vs Player (PVP) combat, the team said after the test was concluded. Players collectively played 461,916 minutes, made USDT 6,166 in transactions, and created 1,225 new addresses."It’s free-to-play, and some elements will feel like cash grabs," Bloomberg said. Also, the company will take a cut of each crypto transaction between players. It plans to raise an additional $8 million from venture capitalists to support development.The company is currently looking for game ambassadors.In August, the team announced the launch of its interactive user engagement system, the Metropolis Sentry, allowing players to complete tasks and collect rewards, including in-game equipment and NFTs that can be redeemed in the official game version. Currency is earned via crystal mining and can be done without players' active participation. ____Learn more:- NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game- FarmVille Creator Zynga Introduces Ethereum NFT Game 'Sugartown'Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.After announcing the IRI in November 2022, Binance spent $15 million in its Binance USD (BUSD) stablecoins out of its total commitments of $1 billion in BUSD, Bloomberg reported on Oct. 10. Binance subsequently moved the remaining $985 million of the pledged BUSD back to its corporate treasury, planning to use it for investments. In March, Binance converted these funds from BUSD to cryptocurrencies like Bitcoin (BTC), citing growing regulatory concerns around stablecoins.Apart from Binance, the IRI had collected an additional $100 million in contributions from 18 organizations by the end of February 2023, including Animoca Brands, Aptos Labs, Jump Crypto, Polygon Ventures and others.Three months after launch, the IRI funded 14 projects, Binance claimed, without disclosing the names of the companies that received funding. The only publicly declared expense from Binance’s $1 billion IRI commitment was the exchange’s acquisition of the South Korean crypto exchange Gopax, announced in early February.According to wallet data collected by Bloomberg, the IRI has invested less than $30 million since its inception last year. Among nine named participants, only DWF Labs and Binance-backed Aptos had spent at least some of the committed funds.Related: New book reveals Binance CEO CZ rejected SBF’s $40M request for futures exchangeIt’s unclear whether the IRI is still working to support cryptocurrency projects, as its Google Docs applicant form is still active.Binance did not immediately respond to Cointelegraph’s request for comment.Transactions associated with Binance-spearheaded Industry Recovery Initiative as of Oct. 9, 2023. Source: BloombergThe IRI’s high capital commitments versus its actual contributions come as the cryptocurrency industry scrambles for funding.The quarterly amount of cryptocurrency-related venture funding has plummeted as much as 70% from Q3 2022, the blockchain analytics firm Messari reported on Oct. 5. According to the report, crypto VC volumes in Q3 2023 amounted to just around $2 billion, down from the all-time high $17 billion in Q1 2021.Magazine: Deposit risk: What do crypto exchanges really do with your money? Derivatives exchange dYdX to become '100% decentralized by EOY'Once added, all that DAI floating around the ether could get a nuclear-backed boost from the tokenized uranium. Paris, France — Last week at the Sandbox HQ, the Eyes of Fashion NFT community celebrated the launch of "Love in Paris," a captivating addition to The Sandbox's gaming universe. This fusion of gaming and fashion marks a significant milestone for both industries, offering a glimpse into the exciting potential of virtual worlds and NFTs. — Eda Aguilar, Founder & CEO of Eyes of Fashion, shared her enthusiasm for this innovative venture, stating, "The Eyes of Fashion IP continues its journey by entering the gaming world within The Sandbox, following its foray into both physical and digital fashion products." "The game 'Love in Paris' aligns perfectly with our mission and identity. Now, our holders can embark on an enjoyable adventure exploring the city of Paris and even better with their children," added Eda. The event brought together The Sandbox, Eyes of Fashion, Interactive Studio, and BNV to showcase not only the game "Love in Paris" but also digital fashion wearables and various fashion and art experiences within The Sandbox ecosystem. Gaming and fashion, once considered separate realms, have increasingly intertwined in recent years. With the evolution of gaming, especially in the domain of massively multiplayer online games and virtual reality, the significance of avatars and their appearances has surged. Players now seek unique and fashionable outfits, accessories, and styles for their digital personas, blurring the lines between virtual and real-world fashion. Leading fashion brands have also recognized this intersection's potential, collaborating with game developers to introduce limited-edition virtual clothing and even hosting virtual fashion shows within gaming environments. This convergence not only underscores gaming's growing cultural influence but also showcases the fashion industry's adaptability as it embraces new platforms to connect with a broader and more diverse audience. Eyes of Fashion, a collection of 8,888 unique fashion illustrations by artist Talia Zoref, draws inspiration from the vibrant and creative fashion world while addressing the industry's critical eye. Their mission is to bridge the gap between Web2 and Web3, fostering greater inclusion in the fashion world, empowering women artists, and advancing women's education. The event at the Sandbox HQ highlights the evolving landscape of both gaming and fashion, demonstrating the potential of NFTs and virtual worlds to bring these industries closer than ever before. As gaming and fashion continue to converge, "Love in Paris" represents just the beginning of a thrilling journey into the metaverse, where the boundaries between physical and digital worlds blur, and creativity knows no bounds.Partnership Announcement: TRU Band Room Joins Forces with SpottieLand in Decentraland

For Nova Labs, which debuted its Miami mobile network in partnership with T-Mobile in mid-August, the hotspots present another step in what has so far been a rocky road to economic sustainability. Steven Soderbergh Presents Blockchain Award to NFT-Funded Film ‘Calladita’ Lot of IDS Alerts allowed. What am i doing?Related: Atari founder sees Web3 games as vital for virtual ownership and education Bitcoin cash (BCH) price has reversed 10% to hit $225 on October 9 after conspicuously failing to clear the $250 resistance last week. With Bitcoin miners and crypto whales taking opposing positions, here’s how BCH price could react in the weeks ahead.

BAPE and Tamagotchi have teamed up to launch co-branded products in both of their respective spheres, dropping specially branded Tamagotchi gaming devices along with BAPE apparel that features imagery from both brands. OpenAI did not respond to a request for comment from Decrypt. But it's noteworthy that last year, the company introduced a moderation tool to assist developers in countering the misuse of vast language models like ChatGPT. As lovelorn singles enlist AI as flirting coaches and scammers use AI to deceive them, dating app users would be wise to watch for artificial, digital Casanovas. Trust and authenticity may become the ultimate aphrodisiac.CertiK Alert reports zkFlex Finance exit scam Buy Bitcoin for cash in London, England, UKGrayscale Pursues Ethereum Spot ETF Amid ETH Futures ETF Boom Brooks said they have yet to identify any individuals or groups that could be behind the FTX hack, and that investigations are continuing.3Commas on ‘heightened alert’ after several user accounts hacked

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