Author: bitcrypto.io
The advent of Web3, the next evolutionary stage of the internet, is poised to bring transformative changes across various sectors, including global security. Characterized by decentralization, blockchain technology and enhanced user control, Web3 promises a more secure, transparent and equitable digital world. Here’s a closer look at how Web3 will revolutionize global security and some practical steps for business leaders to prepare for this shift. 1. Decentralization: Reducing Single Points Of Failure One of the core principles of Web3 is decentralization, which distributes data and control across a network of nodes rather than relying on a central authority. This fundamental…
Thank you for an incredible Day 1 of the Futurist Conference! There were so many amazing speakers, panels, activations, expo booths, networking moments and more. We’re so grateful for your participation and enthusiasm at Canada’s Largest Web3 Event! Here is the scoop for today: Artificial Intelligence All Day Long! All Day Cabana here we go again! 2 Venues for Official Bitcoin Black Afterparty With thousands of registrations we have opened up 2 locations for the afterparty! Thank you to Bitcoin Black for putting on the official after party! A TOI – COFFEE, OYSTERS, CHAMPAGNE 8:00 PM to 2:00 AM à…
Multi-level marketing company promoted scheme to defraud more than 200,000 investors worldwide Washington D.C., Aug. 12, 2024 — The Securities and Exchange Commission today announced charges against Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide, including many in the Haitian-American community. The SEC also charged Martin Zizi, Dapilinu Dunbar, James Corbett, Corrie Sampson, John Garofano, and Marsha Hadley for their roles in promoting NovaTech to investors. According to the SEC’s complaint, the Petions operated NovaTech as a multi-level…
The Arbitrum Foundation and Sequence are collaborating with Ubisoft Labs on the Web3 game Captain Laserhawk: the G.A.M.E. Expanding the universe of Captain Laserhawk: A Blood Dragon Remix series – produced by Ubisoft for Netflix – the new title will feature iconic characters from famous franchises including Assassin’s Creed, Rayman, and Beyond Good and Evil, among others. The first activation and core of the Captain Laserhawk: the G.A.M.E. will be built on Arbitrum, leveraging the blockchain’s ability to handle the scale and speed required to foster a growing and active community. Sequence will provide critical blockchain tooling to the partnership. Ubisoft and blockchain games The move shows that, despite blockchain’s…
Bitcoin has surged back this week after a sudden price crash panicked traders (though Coinbase has warned users not to get “fooled”). The bitcoin price has climbed to over $61,000 per bitcoin, adding $200 billion to the wider crypto market after former U.S. president Donald Trump proposed a radical plan to pay off $35 trillion of U.S. national debt. Now, after teasing “game-changing” crypto plans all week, Trump’s son Donald Trump Jr. has revealed the Trump family is working on a decentralized finance (DeFi) cryptocurrency platform to “take on” the banks. Rumors of a Trump cryptocurrency began swirling this week…
Ripple CLO Stuart Alderoty urged Kamala Harris to act against the SEC’s crypto crackdown after the VP’s campaign engaged in talks of a ‘crypto reset’. Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has issued a strong call for action from Vice President Kamala Harris. He urged the VP to end what he describes as the U.S. Securities and Exchange Commission’s (SEC) “misguided war on crypto.” This statement comes in the wake of a significant court ruling in the ongoing legal battle between Ripple and the SEC. Ripple CLO’s Request To Kamala Harris Alderoty’s comments were made in the backdrop of…
While five of the eleven approved Bitcoin ETFs saw positive inflows running into the millions, the remaining products experienced mixed results. US-listed Bitcoin spot exchange-traded funds (ETFs) have seen a resurgence in positive inflows after experiencing a downturn earlier this week as bearish trends gripped the crypto market. On August 7, crypto investment products recorded a total inflow of $98 million, marking the first significant recovery in days. This turnaround was driven by Bitcoin’s (BTC) rebound to the $60,000 level, after previously dropping to as low as $49,000. The positive momentum continued through Thursday, with daily net inflows reaching over…
Get ready for the Boss Fighters Open Stress Test 2! This event is for all participants, kicking off on August 16th at 3pm UTC and running until August 19th at 2:59pm UTC. Note your calendar to jump in and play. Leaderboard and Rewards for Boss Fighters Stress Test 2 The stress test will feature three 24-hour sprints, each with its own leaderboard. There are two categories: Unbreakable Boss and Unstoppable Fighter. For each category in every sprint, the top 100 players will win prizes. This means you could potentially earn up to six prizes by ranking high in both categories…
Electronics manufacturer Samsung has partnered with Web3 company Illuvium centred around Illuvium’s universe of three interconnected games. In an era where the line between the digital and the physical increasingly blurs, Illuvium proudly announces a partnership with Samsung, a titan of innovation. This collaboration is not just a meeting of minds; it’s the convergence of two universes, each at the forefront of their respective industries. The partnership will be unveiled at Gamescom 2024 where the Web3 company will feature heavily in Samsung’s booth on select Samsung Web3 TVs. As part of the deal, fans at Gamescom will be able to…
Crypto exchange FTX ordered to pay $12.7 billion to customers, users not happy FTX has stated that it is committed to providing 100 per cent recovery on customer claims, based on the value of their accounts at the time of the bankruptcy filing. This repayment plan is part of the broader bankruptcy liquidation process Bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers by a US court, This order is part of a settlement between the Commodity Futures Trading Commission (CFTC). CFTC and FTX, aimed at ensuring that the exchange’s customers, who had their deposits frozen…
