Binance’s investment arm has committed $15 million to Web3 gaming startup Xterio Binance Labs, the venture capital and incubation arm of Binance, the largest cryptocurrency exchange in the world, has invested $15 million into blockchain game publisher Xterio, the firm announced Wednesday. Xterio is a Switzerland-based “free-to-play-and-own” game developer and a team of technology and entertainment leaders with deep free-to-play games experience. It’s embracing the dominant free-to-play gaming model, but will also offer players the ability to earn NFTs by playing its games. According to a blog post on Binance’s official Website, the Xterio ecosystem is expanding faster than ever.…
Author: Arti
Arti
Arti has a strong understanding of and passion for cryptocurrency and blockchain. With more than 4 years' experience in writing news stories, she has been following developments in the crypto space, researching and understanding the true potential of decentralization, and publishing her analyses in media.
The SEC sued the bankrupt crypto lender Celsius and its founder Alex Mashinsky U.S. Securities and Exchange Commission said on Thursday it has filed a lawsuit against Celsius founder and CEO Alex Mashinsky Thursday, alleging he raised billions of dollars from investors through “unregistered and fraudulent” sales of crypto asset securities. Alex Mashinsky, the former CEO of cryptocurrency exchange Celsius Network, was arrested this morning, according to Bloomberg. The SEC also alleges that Alex Mashinsky and Celsius “fraudulently manipulated” the price of Celsius’ native CEL token. The lawsuit adds to a series of challenges for the firm, which earlier this…
MarketAcross announced a partnership with Chainlink labs to help support startups in the Chainlink BUILD program Chainlink Labs, a Web3 services provider and developer of data oracle solution Chainlink, announced that it has entered into a channel partnership with MarketAcross, one of the world’s leading blockchain PR and content marketing firms, to support startups in the Chainlink BUILD program. According to a press release, this channel partnership will help support startups in the Chainlink BUILD program and give them access to services in PR, content marketing, brand reputation, social promotions, influencer outreach (KoL), SEO, community growth, and more. MarketAcross provides…
Cryptocurrency whales moved more than 73 million worth of Ethereum (ETH) in the past 24 hours In a recent flurry of significant digital asset transfers, Ethereum (ETH) investors with considerable financial reserves, colloquially known as whales, have moved millions worth of ETH, the second largest cryptocurrency, into leading exchanges such as Coinbase and Gateio. According to Whale Alert, a whale monitoring service underscores a trend among notable ETH investors, with several transactions worth millions of dollars moving to exchanges after the supply of the second-largest digital asset by market capitalization fell on exchanges in July. One transaction involved a transfer…
UNIDEF hopes to reinforce the transformative potential of decentralized assets and crypto UNIDEF, a global organization committed to decentralized empowerment, has announced an initiative to support the crypto community affected by recent financial controversies involving centralized companies. These controversies include allegations of offshore fund transfers without client approval, account disabling, and bankruptcy filings, which have left many clients needing clarification on their asset recovery. UNIDEF’s initiative is a positive step towards promoting transparency and ethical practices in the industry, reported ANI. The organization’s mission is to accelerate the world’s transition to a decentralized future that empowers all to take complete…
Standard Chartered predicts that Bitcoin could reach US$50k this year and US$120k by the end of 2024 Bitcoin, the world’s largest cryptocurrency, started the year trading below US$16K but has now traded at over US$30K — a nearly 100% gain in value for Bitcoin so far this year. On Monday, Standard Chartered (STAN.L) said that the value of top cryptocurrency could reach US$50,000 this year and US$120,000 by the end of 2024, predicting the recent jump in BTC price could encourage bitcoin “miners” to hoard more of the supply. Standard Chartered published a US$100,000 end-2024 forecast for bitcoin back in…
Crypto Taxation platform joined hands with ClearTax to enhance the efficiency of report filing As per the official release, KoinX, a widely recognized platform specializing in crypto taxation, portfolio tracking, and accounting, has entered into a strategic partnership with ClearTax, a platform catering to the diverse tax filing needs of individuals, tax practitioners, and businesses. The partnership is expected to enhance the efficiency of report filing and facilitate the navigation of complex cryptocurrency tax calculations for users. KoinX users can also use ClearTax’s top features at exceptional prices, with access to a simpler and faster method of calculating crypto taxes…
Researchers created AI-powered crypto portfolio management system that utilizes on-chain data for training A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered crypto portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. Called CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” the AI system utilizes a training technique called “reinforcement learning” to implement on-chain data into its model. Screenshot of pre-print research, 2023 Huang, Tanaka, “A Scalable Reinforcement Learning-based System Using On-Chain Data for Cryptocurrency Portfolio Management.” Screenshot of pre-print research, 2023 Huang, Tanaka, “A…
Bitget platform’s new product highlights the flexibility of collateralized currency usage Bitget, top crypto derivatives, and copy trading platform, has entered the rapidly expanding cryptocurrency loan sector with the launch of its native Crypto Loans product. The new offering is intended to attract a new audience of users dissuaded by traditional credit institutions and seeking alternative funding via digital assets. Each loan is issued at a specific interest rate to pay, with the borrowed amount determined by the market value of the staked collateral. The loans are issued within a predetermined period; users can repay before or before the deadline.…
Ethereum staking rewards are achieved by the stakes count and on the total number of ETH staked Ethereum staking has gained popularity due to its ability to generate passive income while supporting the Ethereum network. Compared to mining, staking is an energy-efficient alternative that requires less computational power and electricity. Staking is also viewed as a way to contribute to the network’s development and secure the blockchain against attacks. As the Ethereum ecosystem continues to expand and new features are introduced, the demand for staking is expected to grow. Ethereum Staking and How Does it Work? The Proof-of-Stake powered blockchain…