Web3 games witnessed nearly $1 billion in investments in April 2024 alone. The industry is growing at a record pace, with countless games being released every quarter. Much of the credit for this success goes to L2 rollup. So what role does rollup play in Web3 gaming infrastructure? Let’s explore.Rollup and Web3 Games1. Expand your game to fit your budgetWeb3 games require high transaction throughput to handle in-game transactions. But transactions must also be processed cheaply. You can’t expect to pay hundreds of dollars for a game to complete basic tasks, especially while the main network is congested. Blockchain Rollup…
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Stonks is a sophisticated solution designed for token exchange utilizing an off-chain CoW swap platform. This system allows token swaps to be performed securely without the tokens in balance being managed by a professional token management committee within the DAO framework. Revision 1.0 Lido Finance collaborated with Ackee Blockchain and donated a total of 7 days of engineering time from January 28 to February 5, 2024 to conduct a security review of the Lido Finance protocol. Revision 1.1 A revision review was performed on that commit. 4c51f22. Issues M1, W1, W3, I1, I2, I3 and I4 were fixed as per…
Bankrupt FTX is preparing for creditors to vote on a reorganization plan following the cryptocurrency exchange’s disastrous collapse nearly two years ago.At Tuesday’s bankruptcy hearing, FTX lawyers and creditors discussed the disclosure statement, a document that would give creditors more information to make decisions about the exchange’s plan to reorganize. Judge John Dorsey of the U.S. Bankruptcy Court in Delaware must approve the plan and public statements, and creditors will vote on them before a confirmation hearing scheduled for later this year.FTX released. reorganization plan They said they plan to do it in May. Provides 98% of creditors with at…
Whale trade significantly reducedBitcoin recently experienced a notable price decline, falling below the $63,000 level. This decline is closely tied to a significant decline in large-scale Bitcoin transactions. Santiment reports that over the past two days, transactions exceeding $100,000 have plummeted 42%, from 17,091 to 9,923. This decline in whale activity comes at a critical time, coinciding with a decline in the price of Bitcoin from $64,685 to $62,531.Source: CoinMarketCapmarket sentiment changesChanges in whale behavior reflect broader changes in market sentiment. According to Ki-young Joo (1), CEO of CryptoQuant, whale traders on derivatives exchanges have adopted a risk-off attitude. This…
A Florida lawmaker has introduced a bill authorizing Bitcoin as a means of paying federal taxes. On Tuesday, Republican Rep. Matt Gaetz proposed legislation that would allow U.S. citizens to use Bitcoin (BTC) to settle their federal income tax obligations. Gaetz said a modernized tax system would foster innovation, increase efficiency and maintain America’s leadership in technological advancement. According to an official statement from Gaetz staff, policymakers were inspired to push for new legislation after witnessing first-hand the impact Bitcoin was having on El Salvador. “This is a bold step toward a future where digital currencies play a critical role…
Welcome to the June edition of Cryptie! As summer gets hotter, the cryptocurrency world is also heating up. This issue is packed with exciting updates, including the latest trends in cryptocurrency payments, industry news, and community developments. There are new insights and special features to keep you informed.Jump in and stay ahead of the ever-evolving cryptocurrency landscape!On this issue: industry newsRead news from across the blockchain industry.MicroStrategy plans to raise $500 million to buy more Bitcoin (Investopedia).Former President Trump called for all Bitcoin mining to take place within the United States.forbes).Coinbase donated $25 million to Fairshake Super PAC shortly after…
Common Ground World players are having a blast as the introduction of Kimchi Craze adds a new twist to the popular game. Starting tomorrow, players will be able to enjoy tangy kimchi made with fresh lettuce and shrimp-based fish sauce at a newly added Korean restaurant, according to Gala News. New crafts and rewards Players can look forward to new crafts, including kimchi and fish sauce. Kimchi, which can be made with ingredients such as lettuce, fish sauce, sugar, rice vinegar, and seaweed, is made in Korean restaurants and stored in warehouses. The kimchi making…
Messaging app Telegram is seeing an increase in the number of scams focused on the Toncoin (TON) ecosystem, according to a report by blockchain journalist Colin Wu. Citing blockchain security firm SlowMist, Wu says “a lot of phishing attacks” are currently occurring in the layer-1 blockchain ecosystem backed by Telegram. “Many phishing links (or bots) are spread through groups using fake airdrops and other methods to hack assets in users’ TON wallets, especially anonymous Telegram numbers. Many people use it to create a Telegram account, and if it is stolen, that Telegram account can also be stolen if you do…
Ether (ETH) price may be on the verge of the most important event in terms of the spot ETH ETF that integrates altcoins with traditional financial markets, but the price is not reacting as expected. In fact, on June 24, Ethereum reached its lowest level in over a month, falling to $3,250. ETH eventually regained $3,400 support on June 25, but both on-chain and derivatives indicators suggest limited upside potential.Analysts say the launch of a spot ETH ETF could be disappointing.Some analysts believe the timing of the launch of an Ethereum spot exchange-traded fund (ETF) is unlikely to result in…
Company • June 25, 2024 2:29 PM EDT Posted 1 minute ago In ~ Episode 38 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and Ripple Chairman Monica Long.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Monica Long is the President of Ripple.In this episode, Long discusses the growth and expansion of Ripple’s business, the impact of the SEC’s decision on XRP, the upcoming stablecoin launch, and more. outline 00:00 introduction 00:50 ripple update …