October 19, 2022 – Singapore, Singapore BinaryX, a GameFi development platform, today announced the launch of their official RhinoX roadmap which unlocks new and exciting use cases for soulbound tokens in the Web 3.0 space. The roadmap reveals RhinoX’s ambitious plans to develop a ‘soul breeding’ mechanism that gives existing RhinoX token holders the ability …
Monthly archives: October 2022
Crypto hacks are set to hit all-time highs in 2022, analyst explains
Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis. As pointed out by the firm, this year could outpace 2021 in terms of crypto stolen through hacks. The vast majority of these exploits have been …
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Most institutional investors hold or plan to buy cryptocurrencies: Survey
The latest survey carried out by Cointelegraph Research among 84 professional investors across the globe revealed that out of $316 billion in assets managed by the respondents, 3.3%, or approximately $10.42 billion, is invested in cryptocurrencies. Some surveyed investors reported over 50% exposure to digital assets, but respondents’ median percentage invested in cryptocurrencies stands at …
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ShapeShift moves closer to full decentralization with open-source mobile app
ShapeShift, a noncustodial crypto exchange and decentralized autonomous organization (DAO), has taken additional steps toward complete decentralization by migrating users to a new open-source application — a move the organization said would enhance user mobility. The organization announced that as of Oct. 19, all native web users of the ShapeShift platform have migrated to a …
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UK inflation rate hits 10.1%, British Bitcoin community responds
Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent high. The Bank of England …
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Top 4 trending cryptos to consider buying today – IMPT, TAMA, HBAR, and MKR
There has not been much action happening across the broader cryptocurrency market. The global cryptocurrency market capitalization is at $961 billion after a 1.3% decline […] Go to Source
Food companies obtain trademarks to venture into the metaverse
Several food companies are starting to show interest in the web3 sector. These companies have filed trademark applications targeting the metaverse and non-fungible tokens (NFTs). […] Go to Source
Do Kwon says he takes full responsibility for the collapse of Terra
Do Kwon, the co-founder of Terraform Labs has taken responsibility for the “weakness” in the design of the Terra network that triggered its collapse. Terra […] Go to Source
Quant Price Prediction for Today, October 19: Is the QNT Bull Run Over?
The Quant price prediction shows that QNT is currently changing hands at $182.5 as the coin retreats below the resistance level of $195. Quant Prediction […] Go to Source
Building Decentralized Money Is One Of The Most Important Things That Crypto Has To Solve: Terraform Labs’ Do Kwon
In an interview with Laura Shin, founder of Terra Luna Crypto, Do Kwon revealed reasons why he is not disclosing his real location in the media. Do Kwon further shared opinions on his arrogant alter ego persona on Twitter. Kwon later shared how he got carried away while posting things on Twitter during the time …
Top 10 metaverse tokens tank as interest wanes
Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. According to CryptoSlate data, Bored Apes affiliated ApeCoin (APE) has shed 26.42% in the last 30 days. Over the seven-day metrics, it has lost 7.84% …
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Blockchain advocacy groups file motion to support Grayscale in lawsuit against SEC
Four blockchain advocacy groups have filed amici curiae in support of Grayscale’s spot Bitcoin ETF lawsuit against the Securities and Exchange Commission (SEC). The Blockchain Association, Chamber of Digital Commerce, Chamber of Progress, and Coin Center were named as parties to the amici curiae filed before the U.S. District Court on Oct. 18. 1/ Today …
US tax watchdog classifies NFT as digital assets for tax purposes
The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger or …
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Israel moves to avail government bonds via blockchain
Israel will look to reduce costs and shorten the duration of issuance and clearing of government bonds using blockchain technology. 1 min read Updated: October 19, 2022 at 12:59 pm Cover art/illustration via CryptoSlate As per a report from Oct. 19, the Israel Ministry of Finance has partnered with VMware and Fireblocks to perform a proof …
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Cardano NFTs touted as next gold rush after ‘Ford Edwards’ sells for $65,000
Twitter user @ShiLLin_ViLLian posted details of a Cardano NFT that sold for 180,000 ADA, or $64,300 at today’s price. This Cardano NFT sold for 180,000 ADA pic.twitter.com/9u449BL2sV — Alex❓ (@ShiLLin_ViLLian) October 18, 2022 The “Ford Edwards” belongs to The Ape Society Collection, recently launched by anonymous developers Cardman, Congo, and Matasa. The holder’s husband posted …
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