BLOCKCHAIN

Wintermute inside job theory ‘not convincing enough’ —BlockSec

[ad_1] Blockchain security firm BlockSec has debunked a conspiracy theory alleging the $160 million Wintermute hack was an inside job, noting that the evidence used for allegations is “not convincing enough."Earlier this week cyber sleuth James Edwards published a report alleging that the Wintermute smart contract exploit was likely conducted by someone with inside knowledge of the firm, questioning activity relating to the compromised smart contract and two stablecoin transactions
Business

Christie’s moves on-chain with NFT auction platform on Ethereum

[ad_1] After a series of successful high-priced nonfungible token (NFT) sales, Christie’s has launched its own dedicated NFT "on-chain auction platform," allowing auctions to be carried out fully on-chain on the Ethereum network. The 256-year-old British auction giant, which is also the second-largest auction house in the world by fine-art auction revenue, said its “Christie’s 3.0” allows for NFT auctions to be conducted entirely on the ETH network “from start
Business

3 ‘blockbuster’ titles that could save GameFi — ABGA President

[ad_1] Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market.Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus on non-fungible tokens (NFTs) and play-to-earn (P2E) features without caring
BLOCKCHAIN

3 ‘blockbuster’ titles that could save GameFi — ABGA President

[ad_1] Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market.Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus on non-fungible tokens (NFTs) and play-to-earn (P2E) features without caring
Business

Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club

[ad_1] On Sept 26, internet hacktivist group Anonymous released a video addressing blockchain technology company Yuga Labs and its NFT-driven social club, Bored Ape Yacht Club (BAYC).The group's statement included a laundry list of allegations regarding Yuga Lab's alleged use of esoteric symbolism in BAYC's art — which Anonymous believes shows the company's support for numerous controversial subjects, such as Nazism, racism, simianization, and pedophilia.The hacktivist group alleged that, after
ALTCOIN

UFC fighter El Ninja to become first argentinian athlete paid in crypto

[ad_1] Guido Cannetti, an Argentinian Ultimate Fighting Championship (UFC) fighter, is now the first martial arts athlete in the country to receive 100% of his salary in stablecoins, amid rising inflation and Argentina's economic deteriorating, announced the crypto payroll company Bitwage on Monday.Dubbed El Ninja, he returns to the Octagon on October 1st in the United States to face the local fighter Randy Costa. According to Bitwage, Guido will receive
Business

Tax on income you never earned? It’s possible after Ethereum’s Merge

[ad_1] After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for investors and accountants alike in the past.While there has been progress, the United States Internal Revenue Service rules still weren’t ready for something like the Ethereum network upgrade. Nonetheless, there seems to be an interpretation of IRS rules that
Business

Binance Global Law Enforcement Training Program is official after year of activities

[ad_1] Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive, since the company’s investigations team has been holding workshops for law enforcement for the past year. Binance expanded its investigations team a year ago, and has held one-day workshops in numerous countries since then, according to the company’s blog. It mentioned Argentina, Brazil, Canada,
Business

‘Time is not on our side’ to provide regulatory clarity on crypto, says US lawmaker

[ad_1] New Jersey Representative Josh Gottheimer said that United States lawmakers needed to pass legislation clarifying regulators’ role over crypto or risk companies taking their business abroad.Following a roundtable discussion on Sept. 27 with Commodity Futures Trading Commission chair Rostin Behnam and many industry leaders, Gottheimer said some of the crypto bills proposed by members of the U.S. House of Representatives and Senate were “building blocks” aimed at achieving regulatory
Business

Bitcoin price fails to hold $20K again, but there is a silver lining

[ad_1] Markets briefly flashed green on Sept. 27 as equities markets bounced back from Monday’s pullback, bringing BTC price back to the long term descending trendline resistance which currently resides at $20,100. Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday gains as it slipped back below $19,000. As has been the case since March 25, BTC price