NFT News Daily Today TheBitTimes.com

The first Web2 game of the series to be bridged to Ronin is Zoids Wild Arena. On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain. In an email seen by Cointelegraph, the partnership revealed that the first game to be bridged to Ronin is Zoids Wild Arena, inspired by Japan's largest toy manufacturer Tomy's award-winning anime series. It was first unveiled by Tomy in 1983 as a plastic model figure. Other franchises to be migrated include Hello Kitty Aggretsuko and Bubble Bobble. "Act Games excels at expanding iconic IPs, transcending demographics, and enhancing player engagement. This alliance will allow us to combine our web3 learnings and expertise with nostalgic IP backed by a pre-existing core fanbase," said Trung Nguyen, CEO and Co-founder of Sky Mavis,...

The bug Onyx Protocol hacker exploited to steal $2.1 million was previously used by a hacker to extort $7 million from Hundred Finance. Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27.  The Onyx Protocol hacker exploit ed a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain investigator PeckShield soon after alerting about the hack that went unnoticed by the protocol. #PeckShieldAlert @OnyxProtocol has been exploit ed for ~2.1M pic.twitter.com/5Z50tCg6MD — PeckShieldAlert (@PeckShieldAlert) November 1, 2023 The alleged liquidity lacking oPEPE market was “abused with donation to borrow funds from other markets with liquidity,” found PeckShield’s independent investigation on the matter. “The donated funds were then redeemed by exploiting the known rounding issue.” Previously, on April 16, an attacker exploit ed the same bug to steal $7 mi...

According to Spot On Chain data, the firms sent $10 million worth of crypto to a single wallet address, which then deposited the funds to Binance and Coinbase. Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors. #FTX and #Alameda related addresses are depositing tokens to exchanges ! Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred 2,904 $ETH ($5.21M) 1,341 $MKR ($2.01M) 11,975 $AAVE ($1.02M) 198,807 $LINK ($2.27M) to #Binance and #Coinbase in the past 5 hours .… pic.twitter.com/MQxCySp8g0 — Spot On Chain (@spotonchain) October 25, 2023 According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at t...

Trezor is celebrating its 10th anniversary by releasing three new self-custody products, focusing on providing entry-level devices. Trezor, a major provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by releasing three self-custody products, including a new Trezor wallet, a proprietary private key backup solution and a Bitcoin (BTC)-only wallet. The Czech Republic-based company on Oct. 12 officially announced the launch of Trezor Safe 3, its brand-new hardware wallet supporting more than 7,000 cryptocurrencies. The firm stressed that the new wallet launch marks an important milestone in Trezor’s provision of entry-level hardware wallets. The release of the Trezor Safe 3 wallet comes nearly five years after the hardware wallet firm rolled out the Trezor Model T in February 2018. Retailed for $79, Trezor Safe 3 is available in four colors, including Solar Gold, Stellar Silver, Galactic Rose and Cosmic Black. The new Trezor Safe 3 wallet device maintains Trez...

During a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization is enabling solutions never seen before. The Boston Consulting Group estimates the token ization of real-world asset s could become a $16 trillion industry in the coming years. Its impact, however, goes well beyond financial figures, and can help people in developing countries to find new ways to deal with real-world problems. During a panel moderated by Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr at Swiss Web3 Fest, industry experts provided insights into how tokenization can be applied to real-world assets, and how it is enabling solutions never seen before. "Our farmers, in Kenya, receive their payouts days after the harvesting season ends. If they have less yield than expected, then they receive a payout immediately. In the traditional insurance space, they need to wait six months. And that can mean th...

The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated. The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin (BTC) transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end users have not been affected and all user funds are safe. Paxos is most well-known as the issuer of stablecoins, including PayPal USD (PYUSD) and Pax Dollar (USDP), but also runs a crypto brokerage firm that carries Bitcoin. The statement comes after Twitter users were speculating that PayPal may have been responsible for the transaction, due to a related wallet account that had been identified by analytics platform OXT as belonging to PayPal. A Paxos representative told Cointelegraph that PayPal was not responsible, as the error was theirs, stating: “Paxos overpaid the BTC network fee on Sept. 10, 2023. This only impacted Paxos corporate operations. Paxos clients and end users have not been affected and all ...

On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion. On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroeconomic principle: that overall wealth cannot be universally enhanced as demand for goods and services grows. This discrepancy underscores the challenges posed by inflation, real estate prices and the consequences of the Fed’s policies. Pechman concludes that the Fed is now paying the price for its loose monetary approach during the pandemic, prompting a grim outlook for the U.S. Treasury Department’s finances. Shifting gears, Pechman moves on to discuss European markets, with a spotlight on Novo Nordisk’s remarkable ascent. The Danish pharmaceutical...

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs. Yuga Labs, creators of Bored Ape Yacht Club (BAYC), has acquired 10KTF — the nonfungible token (NFT) game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and load-outs in order to complete missions. Missions reward players with APE coins, badges, materials and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans have been left to wonder what Metaverse platform will feature these items. Now that the acquisition has been announced, some fans have begun to speculate that 10KTF items may become wearable within Yuga Labs’ as-yet-unreleased Otherside metaverse ecosystem. A thread published on the 10KTF official Twitter channel on Nov. ...

The platform will facilitate the buying and selling of Web3 data among enterprises; Alibaba Cloud and Huawei are among the companies to participate. During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange 's debut. According to local news reports on Aug. 23, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed ledger technology. Officials say the platform would ensure exchange trades are immutable and traceable. Chen Chun, director of the National Laboratory of Blockchain and Data Security, commented:  "[The Hangzhou Data Exchange] Utilizes research blockchain, privacy computing and other technologies to realize trusted sharing and effective use of data across departments and regions under data security and privacy protection."...

Lawyers representing the former FTX CEO say he's being served a “flesh diet” in prison even though he's vegan, and has been subsisting on bread, water and peanut butter. FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention Center (MDC), according to an Aug. 22 transcript shared by the Inner City Press. Bankman-Fried’s attorneys claimed that due to the lack of vegan options provided by the prison, he had been forced to subsist on a diet of bread, peanut butter and water. The former FTX boss refused to eat the “flesh diet” being served at the MDC. Mark Cohen: They are serving him a flesh diet. He is only eating b...

The football club has been keen on creating nonfungible token collections for much of the past year. Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club's strategy to build the digital Espai Barça," developers wrote. Libero is a publicly listed company in Germany consulting football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to the approval of FC Barcelona shareholders and is expected to close in Q4 2023. Since February 2020, F...

Brad Garlinghouse stressed Ripple’s unchanged commitment to transparency but hinted that future reports might undergo some changes. Ripple CEO Brad Garlinhouse on Aug. 2 expressed his disapproval of the United States Securities and Exchange Commission for utilizing Ripple’s quarterly XRP (XRP) Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit .  Garlinghouse stated that the company initiated the report s with the intention of voluntarily offering updates on its XRP holdings. However, the CEO said these report s were later “used against” the company in the SEC’s lawsuit . Garlinghouse reiterated the company’s commitment to transparency but hinted that future report s might undergo some changes. We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit - however, we remain steadfast in our commitment to transparency but I suspect t...

Brian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all other cryptocurrencies. Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong. In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchange Commission wanted the exchange to delist the nearly 250 tokens on its platform prior to it filing a lawsuit against the exchange. At the time, the SEC reportedly said it believes “every asset other than Bitcoin is a security,” said Armstrong. “We said, well how are you coming to that conclusion? Because that’s not our interpretation of the law,” Armstrong added. He recounted that the regulator said “we’re not going to explain it to you, you need to delist every asset other than Bitcoin.” It’s a similar view held by SEC chair Gary Gensler who claime...

Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology. The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.  Recent findings from the market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. While notable, the report indicates that the blockchain sector is expected to generate $94 billion in revenue by the end of 2027. If these findings are accurate, this will result in a compound annual growth rate of 66% from 2022 to 2027. Breaking down ‘Ethereum for Business’ Specifically speaking, many enterprises today are using the Ethereum blockchain to improve outdated business processes. Paul Brody, global blockchain leader for Ernst & Young (EY), told Cointelegraph that he believe...

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chain s. The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. According to the announcement shared with Cointelegraph, POL’s utility will span all the Polygon protocols, which includes Polygon PoS, zkEVM and Supernets. Sharing details about the anticipated upgrade, the announcement read: “Primarily, it enables the pool of protocol participants, i.e. actors to scale to support thousands of Polygon chains without sacrificing security.” The utility of POL revolves around validators, with the goal of aligning and i...

The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption. Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3. The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development, in addition to a focus on bridging real-world assets with the Web3 ecosystem. Sota Watanabe, the CEO of Startale Labs, told Cointelegraph that partnering with Sony allows a new Web3 startup like itself to “learn and leverage” many things. Commenting on their all-in-one sol...

All segments of RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro. Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda. According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its customers with a broad range of cryptocurrencies through Bitpanda’s Software as a service (SaaS) offering. Crypto investment will be featured alongside investment services for stocks, exchange-traded funds, precious metals and commodities. “The deal with Bitpanda aims to expand our product range with an innovative, secure facet and enable all customers to easily accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer said. A part of the major Austrian banking group, Raiffeisen Bank International, is moving into cryptocurrency investment with a new planned o...