On-chain data tracker DappRadar recently reported that an additional $600 million was poured into Web3 gaming projects in the third quarter of 2023, bringing total investments so far this year to over $2.3 billion. Another report from blockchain gaming community Game7 indicates that Web3 games have stabilized despite market corrections.Interest in Web3 gaming, a general term used to describe an ecosystem that embraces blockchain-based video games, is clear and unwavering despite the so-called “crypto winter.” After a prolonged bear market, cryptocurrencies appear to be gearing up for the next bull market, and Cointelegraph reached out to industry insiders to understand…
Author: Crypto Flexs
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The U.S. Department of Justice has arrested Australian national David Gilbert Saffron and Los Angeles resident Vincent Anthony Mazzotta Jr. on charges of masterminding a $25 million Ponzi scheme using AI cryptocurrency trading. Indicted. The case highlights growing concerns about fraudulent activity in the fast-growing cryptocurrency and AI technology sectors. Plan Operation Details The indictment alleges that Saffron and Mazzotta conspired to defraud investors through various trading programs that falsely promised high returns using AI automated trading bots for the cryptocurrency markets. Operating under various names including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital, the duo…
A trader who correctly called the 2018 bear market price floor for Bitcoin (BTC) believes a steep rally is in store for one Solana (SOL) challenger. Household analyst Bluntz told his 231,700 followers on social media platform The trader shares a chart showing that SUI is up over 122% from its current price. “A month-long cumulative outage for the SUI/USD pair. Nonetheless, BTC pairs are still accumulating. I think this soon starts to turn parabolic. “It’s still early days, but it won’t last long.” source: Blunts/X Bluntz practices Elliott Wave theory, an advanced technical analysis method that attempts to predict…
BIP141 added a new rule called “witness appointments.” “Promises are written to the scriptPubKey of the Coinbase transaction,” the document states. I didn’t quite understand what it meant, so I directly placed ‘default_witness_commitment’ provided in the block template when creating Coinbase in the scriptPubKey location. Here is my code: def makeCoinbase()->None: global coinbase,tmpl version=pack(‘<L’,1) inputCount=unhexlify(’01’) txHash=unhexlify(‘0000000000000000000000000000000000000000000000000000000000000000’) preSequence=unhexlify(‘ffffffff’) eh=encodeHeight(tmpl(‘height’)) #Don’t worry about this function, it handles height msg=eh+b’my message’ msgSize=pack(‘B’,len(msg)) sequence=unhexlify(‘ffffffff’) outCount=unhexlify(’01’) amount=pack(‘<Q’,tmpl(‘coinbasevalue’)) script=unhexlify(tmpl(‘default_witness_commitment’)) scriptSize=pack(‘B’,len(script)) lockTime=unhexlify(‘00000000’) coinbase=version+inputCount+txHash+preSequence+msgSize+msg+\ sequence+outCount+amount+scriptSize+script+lockTime tmpl(‘transactions’).insert(0, ‘data’:coinbase.hex(), ‘txid’:dblsha(coinbase)(::-1).hex() ) The tmpl variable is the template obtained using the “getblocktemplate” command. I am testing my code in regtest. When…
As part of a watershed move toward more sustainable tokenomics, decentralized derivatives protocol Synthetix is ending a nearly five-year program of inflationary SNX rewards for stakers. The project community recently voted in favor of proposal SIP-2043, which would end weekly distribution of newly issued tokens to liquidity providers. key point Synthetix token holders voted to end SNX inflation rewards, making SNX deflationary. SNX stakers are now only rewarded by transaction fees, not inflation. Synthetix plans to introduce a SNX redemption and burn system using transaction fees. Ending inflation rewards is part of the shift towards a more sustainable tokenomics. SNX…
Asia • December 13, 2023, 12:23 AM EST Posted 1 minute ago In ~ LINE NEXT, the Korea-based NFT arm of messaging giant LINE, has raised $140 million in investment to “popularize the Web3 ecosystem.”in name Announced today, LINE claimed that this investment is “the largest funding round in the Asian blockchain Web3 industry this year.” It was led by Crescendo Equity Partners, a private equity firm backed by Peter Thiel.With the new capital, LINE plans to officially launch its global NFT platform DOSI in January 2024. “Through integration with LINE NFT, an NFT marketplace in Japan, DOSI will be…
One of the new Argentine president’s first major actions is to drastically devalue the local currency to combat the economic crisis. Meanwhile, the price of Bitcoin in Argentina is cooling, having hit an all-time high a few days ago. On December 12, newly elected President Javier Millay announced a sharp devaluation of the Argentine currency (ARS), along with cuts to energy and transportation subsidies. Peso devalued by 50% The move will cause the Argentine peso to fall by 50%, from 400 pesos per dollar to 800 pesos per US dollar. “For months we will be worse off than before,” Economy…
A total of $1.7 billion has flowed into Bitcoin (BTC) since the beginning of the year, with an additional $20 million worth of institutional funds flowing in over the past few weeks alone. Additionally, there was a lot of capital inflow. This is because it shows the high demand from investors for Bitcoin.ETF excitement fuels Bitcoin’s surgeWith all the hype surrounding the possible approval of a dozen index-based spot exchange-traded funds, this is despite the fact that Bitcoin is experiencing spectacular growth. This could create a positive atmosphere among investors, who see it as a necessary incentive for traditional financial…
reporter Posted on: December 13, 2023 After a brief correction, LTC rose slightly over the next 24 hours. While the mining sector thrived, market indicators were weak. After rising to nearly $80, Litecoin (LTC) registered Price adjustment due to bear market. While that happens, should investors believe that Litecoin is actually undervalued even after the price correction? Is Litecoin Undervalued? For Litecoin, the past week has been difficult with the price dropping significantly on the charts. According to CoinMarketCap, the daily chart of LTC is in the green, with the cryptocurrency up 1.5% in 24 hours. At the time of…
Financial giants have a dark side and a bright side. On the dark side you have people like Belfort and Madoff. And on the bright side, we have Cuba and Buffett. Which side should I support? Madoff is broke and Belfort is giving seminars to his brothers to raise money. On the bright side, Cuban and Buffett are worth a combined $124 billion. Chase the bright side of wealth with Gamebeat’s Wolf of Wild Street slot. Is Margot Robbie here too? Expanding wild symbols may appear on the reels during base game action and free spins. This symbol replaces all…