Author: bitcrypto.io
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans. As the economic situation in Venezuela continues to worsen, crypto remittances from family members living abroad have surged to support residents inside the country suffering from persistent inflation and supply issues. In 2023, cryptocurrencies accounted for 9% of the $5.4 billion in remittances sent to Venezuela, representing $461 million in value. Remittances to Venezuela have increased every single year since 2018, with the exception of 2020, according to Chainalysis. Remittances are typically sent using services such as Western Union. However, comparatively steep fees,…
In the world of online gaming, a groundbreaking shift is taking place, with blockchain gaming seizing the spotlight. Leading this digital revolution is Immutable, whose recent surge in player engagement and expansion of game offerings has positioned it at the forefront of web3 gaming’s exciting landscape. The Exciting Evolution of Blockchain Gaming: A Deep Dive into Its Latest Developments This platform is revolutionizing how games are developed and played by embedding digital ownership at the heart of every game. By leveraging blockchain technology, Immutable is making it simpler for developers to create exceptional gaming experiences that are both secure and…
Google went big at this year’s Game Developer Conference (GDC), focusing on the ways generative AI (“gen AI”) is profoundly impacting the gaming industry. A three-part series of presentations featured gaming and gen AI leaders across Google who dove into the company’s AI and gen AI development and publishing solutions, the transformative impact of AI on real-time, in-game experience, and actionable insights for developers ready to get started on their own AI journey. Gen AI enabling “living games” “Games are entering a new era,” said Jack Buser, director for games at Google Cloud, with “living games” expected to hit the…
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation. German lawmaker and Bitcoin activist Joana Cotar has urged the government to stop its “hasty” Bitcoin selling spree and instead adopt it as a “strategic reserve currency” to shield against risks in the traditional system. “urge you to refrain from a hasty disposal of state-owned Bitcoin,” the Bitcoin-friendly politician wrote to members of Germany’s government on July 4. Cotar said Bitcoin could help Germany diversify its treasury assets, serve as a hedge against…
Bitcoin’s (BTC) price has declined considerably over the past few days, even losing a critical support level. This seems to have triggered investors’ hopes of the altcoin season beginning, but the truth appears to be rather different. Bitcoin Dominance Slips Bitcoin’s price is hovering around $57,000 at the time of writing after losing the psychological support level of $60,000 this week. This resulted in Bitcoin’s dominance (BTC.D) also falling considerably. BTC dominance was observing a macro uptrend that had been unbroken since the beginning of the year. However, the end of June and the beginning of July have not been…
Are NFTs dead or alive? The year 2024 may well be remembered as the year that NFTs died, and it all started with AI. AI dominated the conversation in 2023 and is still the hegemon in the hype, with search volumes skyrocketing by 13,210%, leaving everything else, including NFTs, in the dust. NFTs’ search interest nosedived by 82% by early 2024, and their value has cratered 90% since the 2021 peak. Does AI’s rise mean NFTs are dead? Not necessarily. But NFTs are in a bad position that could oscillate either way. Are NFTs Dead? The Decline and Evolution of…
Online gaming has undergone a remarkable evolution since its inception. From simple arcade games to immersive virtual worlds, the gaming industry has continuously innovated to enhance player experience. The latest paradigm shift is the integration of Decentralized Finance (DeFi) into online gaming, promising to redefine how players interact with and benefit from gaming environments. Decentralized Finance (DeFi) leverages blockchain technology to create financial systems that are transparent, accessible, and user-controlled. Unlike traditional financial systems, DeFi operates without intermediaries, enabling direct peer-to-peer transactions. This decentralization offers significant benefits, including enhanced security, lower transaction costs, and improved accessibility. Understanding the impact of…
Cybersecurity threats are more persistent and sophisticated than ever before. Despite significant investments in security measures, organizations and individuals alike struggle to effectively address the daunting challenge of defending against malicious attacks. The increasing complexity of the threat landscape demands innovative solutions that provide comprehensive real-time threat intelligence. Interlock’s latest offering, ThreatSlayer, aims to address these challenges head-on by harnessing the power of Web3 technology and a global community of users. The Current Threat Landscape The technology ecosystem continues to expand, which expands the attack surface for cyber threats. Phishing attacks, malicious URLs, and social engineering tactics have become common…
E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. E Money Network’s Architecture Unlocks a World of Possibilities E Money Network is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into applications. The E Money Network supports interoperability with Inter-Blockchain…
Hamster Kombat, a Telegram-based game, reached 200 million users in three months, becoming the third-fastest app to do so. Here’s what you need to know about the viral Telegram-based game. It took Pokémon GO, a 2016 augmented reality mobile game, 33 days to get to 150 million users. It held the record until the summer of 2023, when Threads, Instagram’s rival to X, hit the mark in just six days. Threads has set the bar incredibly high, but the recently launched Telegram-based game Hamster Kombat claims to be the third-fastest app in history to onboard and surpass 200 million users.…
