In an interview with Cointelegraph, Trust Machines CEO Muneeb Ali explains how Ordinals’ hype could support Bitcoin by attracting more developers and capital to layer-2 solutions.
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GameFi developer Gala Games to launch Web3 poker platform with PokerGO
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On May 22, GameFi project Gala Games announced that it has partnered with Las Vegas poker streaming platform PokerGO to launch a new Web3 social poker game. Dubbed PokerGO Play, users will have the ability to enhance and upgrade their players in addition to redeeming real-world prizes. PokerGO is scheduled for beta testing in June, with the full release being available later this year.
In May 2022, PokerGO released its 1,326 Genesis nonfungible tokens (NFT) collection representing all of the possible starting hand combinations in Texas Hold’em. The collection has around 52 Ether (ETH) in cumulative volume traded with a floor price of 0.1 ETH. At the time, perks for NFT holders included but weren’t limited to “chances to win cash, memorabilia, and merchandise when their hand appears in winning moments.“ As part of the May 22 announcement, developers wrote:
“PokerGO Genesis NFT holders will receive beneficial status within the game, and the two sides plan to host special events inside the PokerGO Studio in Las Vegas.“
GameFi developer Gala Games to launch Web3 poker platform with PokerGO
“Players will soon realize the heightened entertainment that comes with playing poker in an immersive Web3 environment,” said Eric Schiermeyer, founder of Gala Games.
Responsible AI can create policies to help ‘better serve society’
Sabin Dima, the CEO and founder of Humans.Ai, said that with the right implementation, governments could use AI to enhance public services and policies.
Responsible AI can create policies to help ‘better serve society’
Sabin Dima, the CEO and founder of Humans.Ai, said that with the right implementation, governments could use AI to enhance public services and policies.
Bitcoin Pizza Day 2023: Community celebrates anniversary of first known BTC transaction
Redditors wondered where the 10,000 BTC went, with some speculating it was sold when the price surged, while others suggested the keys may have been lost.
The pepperoni on the first pizza bought with Bitcoin is worth $6.5M today
The first known crypto transaction was 10,000 Bitcoin for two pizzas; 13 years on, its ingredients alone equate to millions of dollars worth of Bitcoin.
The US Treasury is running out of cash — trouble ahead for Bitcoin?
Cointelegraph analyst and writer Marcel Pechman explains how and why the U.S. Treasury is quickly running out of cash, and what that means for Bitcoin and the crypto market.
Huobi Global ordered to halt operations in Malaysia
Securities Commission Malaysia has ordered Huobi Global to stop all activity after failing to register to operate in the country.
Longing for liquidity — 5 things to know in Bitcoin this week
Hopes mount for a breakout from the narrow BTC price trading range; what are the odds it will happen?
Longing for liquidity — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in a price range that frustrates traders and leaves little to the imagination — what next?
After precious little activity over the weekend, the largest cryptocurrency lacks direction, and even macroeconomic triggers have failed to shift the status quo.
At around 10% below the $30,000 mark, BTC/USD is treading water, and despite calls for a further correction, market participants are dealing with a tiny active trading range.
Liquidity is there to be taken above and below, but so far, only a tease of a liquidity sweep has materialized.
The coming days have some potential macro surprises in store, but analysts agree it will take a significant shift in the data to crack a stubborn Bitcoin.
Gemini considers forbearance after DCG defaults on a $630M payment
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis.
Gemini considers forbearance after DCG defaults on a $630M payment
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis.
Gemini considers forbearance after DCG defaults on a $630M payment
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis.
Tornado Cash attacker to potentially giveback governance control, proposal reveals
Just a day after an attacker sparked community-wide panic after hijacking the Tornado Cash governance, a new proposal hints at the possible restoration of the state of governance.
On May 21, the passing of a malicious proposal allowed an attacker to gain complete control over Tornado Cash’s governance. With total control over the governance of the decentralized crypto mixer, the attacker was in a position to inflict massive losses considering they could withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router.
While the story unfolded, community member Tornadosaurus-Hex or Mr. Tornadosaurus Hex, took proactive steps to minimize the potential damages by publishing a subsequent proposal requesting all members to withdraw all funds locked in governance, as shown below.
Tornado Cash community member's proposal for gaining control from attacker. Source: forums.tornadocash.communityHowever, Mr. Tornadosaurus Hex (Hex) was uncertain about the effectiveness of the new proposal considering the attacker’s grip over the mixer’s governance. A few hours into the hack, to everyone’s surprise, the attacker surprisingly reached out to the Tornado Cash community with a new proposal, hinting at their intent to give back the governance control.
Tornado Cash attacker's proposal to return governance control. Source: forums.tornadocash.communityAs shown above, Hex communicated the attacker’s plan to the community stating that:
Vitalik Buterin warns against overloading Ethereum consensus
Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things.
Ordinals sends LTC and DOGE network activity surging for 3 straight weeks
Move over Bitcoin, Ordinals on Litecoin and Dogecoin have unleashed a frenzy of transactions.
Ordinals sends LTC and DOGE network activity surging for 3 straight weeks
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What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on the two chains surging for the better part of a month.
Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts.On May 18, Dogecoin reached a new transaction volume record, with 1.2 million transactions in a single 24-hour period, according to data from BitInfoCharts. Similarly, on May 10, Litecoin reached its highest ever daily transaction volume with 584,000 transactions.
Ordinals first arrived on Litecoin after pseudonymous Twitter user Indigo Nakamoto offered 5 LTC — worth approximately $500 at the time — to anyone who could “port” the Ordinals protocol to the Litecoin network.
Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm
It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.”
Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm
It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.”