PlayFi has announced plans to launch a node license pre-sale event on Polygon. This officially marks the entry into AI-based data networks. PlayFi called this a pivotal moment, reflecting its blended vision of blockchain and gaming. In particular, this is not the first time blockchain and gaming have been combined. What makes this development interesting is that another player in the gaming industry has realized the potential of blockchain technology. Franklin Mongiove, Head of Partnerships at PlayFi, said this could play an important role in creating new innovations in gaming. Franklin also said that this development creates an environment where…
Author: Crypto Flexs
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Cryptocurrency investors recently lost millions of dollars due to a sophisticated phishing scam. Web3 fraud prevention company Scam Sniffer reported that investors were tricked into signing malicious Permit phishing signatures. This authorization resulted in the theft of 1,807 Ether.fi-Liquid1 tokens worth $6.9 million. Additionally, blockchain researcher ZachXBT noted that the same investor suffered a phishing attack last year and lost $638,000. Pink and Inferno Drainer linked to attack The scam involved using permission functions to allow off-chain authorization signatures to execute transactions on behalf of other addresses. This method allows tokens to be transferred without an on-chain transaction, making theft…
The U.S. spot Bitcoin ETF continues its hot streak, recording $107.91 million in inflows on Thursday, rising for the ninth straight day. This is the longest inflow since mid-March, when the product recorded positive sales for 10 consecutive days.The preference for spot Bitcoin ETFs reflects its tremendous success since its launch earlier this year. The SEC approved the first spot Bitcoin ETF in January, and products from giants like BlackRock, Fidelity and others have quickly amassed billions of dollars in assets.BlackRock’s iShares Bitcoin Trust (IBIT) led inflows with $89 million on Thursday. Fidelity’s Wise Origin Bitcoin Trust (FBTC) was next…
Aptos, a layer 1 blockchain platform developed by former Facebook employees, has achieved a new milestone in blockchain transactions. On May 25, it recorded 115.4 million transactions in one day, exceeding Solana’s 31.7 million.The surge in trading volume set a new benchmark and surpassed the previous L1 record of over 65 million held by Sui Network by a significant margin of more than 50%. According to Aptoscan, blockchain user TPS (transactions per second) on this day also reached an all-time high of 32,000. This represents a significant increase in activity within the blockchain ecosystem, highlighting the growing adoption and momentum…
Following the sudden approval of the Ethereum spot ETF last week, speculation continues about the fund’s potential performance ahead of its debut trading session. Most recently, renowned Bloomberg ETF analyst James Seyffart weighed in on this topic, offering his thoughts on the level of investment an Ethereum spot ETF could draw relative to its Bitcoin-based equivalent. Related Reading ETH Spot ETF Limited to Ethereum’s Utility and Other Factors – Analyst During a May 24 Seyffart based his predictions on a number of factors, starting with the huge difference in market capitalization between the two assets. According to data from CoinMarket,…
dApps in the BNB ecosystem have shown growth in terms of development activity. Overall activity and trading decreased and prices moved sideways. Binance Smart Chain (BSC) has one of the most active ecosystems in the cryptocurrency space. The popularity of dApps in the ecosystem has enabled the network to attract a large number of users. Developers go to work One of the reasons these networks have become popular is because dApps have improved their protocols. Data from Santiment indicates that development activity is increasing on the BSC network at the time of this writing. High development activity shows the speed…
Former President and current Republican presidential candidate Donald Trump faced boos and ridicule throughout his unprecedented speech at the Libertarian National Convention last night. This was the first speech given by a major party candidate at a rival convention. “If you nominate me or at least give me your vote, I think we should win together. What is the purpose of the Liberal Party getting 3% (of the vote)?” Trump declared to boos early on. Trump’s promise to appoint liberals to Cabinet positions and “liberals in high places” has been met with more varied cheers and derision, as have many…
Presidential candidate and 45th US President Donald Trump has declared his support for the cryptocurrency sector. “I will also stop Joe Biden’s campaign to crush cryptocurrencies,” he promised. “I will support self-custody.” He will also “commute the sentence of Ross Ulbricht to time served.” Moreover, Trump said, “I (…)
Last week, several top cryptocurrencies saw their prices rise for the second time, continuing the recovery trend from the previous week. As a result, the global cryptocurrency market capitalization increased by $140 billion, up 5.7% to $2.57 trillion. Here are our picks for the best cryptocurrencies to watch this week, based on notable movements recorded by these assets. PEPE, NOT and ONDO prices – May 26 | Source: Santiment PEPE records a new ATH for the second week in a row. Pepe (PEPE) has maintained a consistent upward trend since mid-April despite the instability seen across the broader market during…
The broader cryptocurrency market has experienced significant volatility over the past day as the U.S. Securities and Exchange Commission approved several spot-based Ethereum exchange-traded funds (ETFs).CryptoSlate Excluding stablecoins such as Tether’s USDT and Circle’s USDC, the top 20 digital assets by market capitalization each saw losses exceeding 3%, according to the data. Bitcoin and Ethereum, the top two digital assets by market capitalization, fell to $67,051 and $3,671, respectively.Some market analysts have suggested that the ETH ETF approval was a “news selling” event. Investors who were hoping for approval have already positioned themselves accordingly. Over the past week, the price…