Professionals working in the Web3 space highlighted various tools and best practices to protect NFTs from hackers and scammers.

CoinTelegraph

Here’s how to prevent NFT theft, according to industry professionals

It is slated for the 23rd of February, 2023, when the launching of the Avalanche Park x Ed Balloon concert series will be carried out. The spectacular event will be duly held in Downtown Los Angeles, at the Wisdom LA. This, by itself, happens to be an iconic and fascinating park for art and entertainment …

CryptoNewsZ

Avalanche Park x Ed Balloon concert series to be launched

Non-fungible token (NFT)-based fantasy game and marketplace Sorare: Football has partnered with the Premier League in a multi-year licensing deal - crypto drama or not. Fans can build custom teams to win "big rewards" as if they were professional club owners, said the announcement. It explained that, "Football fans around the world can now collect, buy, sell, and trade officially licensed digital cards featuring every player from across the Premier League’s 20 clubs."... Read More: Premier League Ignores Crypto Chaos, Backs Sorare's NFT Fantasy Football Game in a Bold Move

cryptonews

Premier League Ignores Crypto Chaos, Backs Sorare's NFT Fantasy Football Game in a Bold Move

The Premier League's partnership with Sorare marks the football league's attempt to increase fan engagement.

BitDegree

Premier League Signs Multi-Year Deal with NFT-based Fantasy Game Sorare

Coinbase, a crypto firm, has just announced various enhancements to its Wallet app that will bolster safety and enhance the user experience. These features include transaction previews, token approval alerts, and an automatic blocklist of flagged dApps to protect users from malicious activities such as spam tokens and air-dropped assets. With the introduction of transaction … Coinbase Wallet introduces new features to prevent NFT and crypto thefts Read More »

Cryptopolitan

Coinbase Wallet introduces new features to prevent NFT and crypto thefts

Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way in which Bitcoin’s blockchain should be used,

Bitcoin.com

Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them

SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.

CoinDesk

NFT Marketplace SudoSwap Airdrops Tokens to Liquidity Providers and 0xmon Holders

Shiba Inu has called on members of the SHIBArmy to suggest a tagline for its metaverse project, dubbed SHIB: The Metaverse. In an announcement yesterday, Shiba Inu asked the community to choose one out of the three taglines attached to a tweet or suggest a new tagline for the metaverse project. The three taglines highlighted The post Shiba Inu Asks Community to Suggest Tagline for Its Metaverse first appeared on The Crypto Basic .

The Crypto Basic

Shiba Inu Asks Community to Suggest Tagline for Its Metaverse

A new technique known as “Ordinals” is making waves in the Bitcoin ‘BTC’ community. The idea enables non-fungible tokens (NFTs)

The News Crypto

Meme Themed NFTs on Bitcoin Network by Ordinals Protocol

The blockchain security company CertiK thinks it has identified at least one of the scammers linked to the “Monkey Drainer” phishing scheme. Moreover, the person or people responsible for the phishing scam have used fraudulent imitation NFT minting websites to steal millions of dollars worth of ether (ETH). The phishing fraudster known as Monkey Drainer The post CertiK Claims To Discover $4.3M Porsche NFT Phishing Scammer appeared first on Coin Edition .

Coin Edition

CertiK Claims To Discover $4.3M Porsche NFT Phishing Scammer

CryptoCurrencies

VVS Crypto Price Prediction 2023 – 2032 VVS Crypto Price Prediction 2023 – up to $0.00000687 VVS Crypto Price Prediction 2026 – up to $0.00002000 VVS Crypto Price Prediction 2029 – up to $0.00006451 VVS Crypto Price Prediction 2032 – up to $0.00020541 Cryptocurrency projects are gaining more and more popularity as time goes on. … VVS Crypto Price Prediction 2023 – 2032: Is VVS Finance a Good Investment? Read More »

VVS Crypto Price Prediction 2023 – 2032: Is VVS Finance a Good Investment?

A layer-1 blockchain project exploded last week on the heels of a new integration with a Chinese social media giant. Multi-chain ecosystem Conflux Network (CFX) is trading around $0.0554 at time of writing, up over 150% from its 2023 open of $0.022. CFX, which is the 250th-ranked crypto asset by market cap, is down over The post Layer-1 Blockchain Explodes 150% As Chinese Social Media Giant Integrates Crypto Platform appeared first on The Daily Hodl .

The Daily Hodl

Layer-1 Blockchain Explodes 150% As Chinese Social Media Giant Integrates Crypto Platform

The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets.

Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse

Tesla ( NASDAQ: TSLA ) issued a SEC filing with various nuggets related to its Q4 earnings report and state of the business. The electric vehicle maker confirmed in the filing that it is cooperating with a Department of Justice investigation over Autopilot and its features. The automaker said it has received requests from the DOJ for documents related to Autopilot. Tesla said it cannot predict the outcome or impact of the investigation. On the financial front, Tesla ( TSLA ) forecasts capital expenditures of $6B to $8B this year vs. $7.5B consensus. TSLA reminded that it is simultaneously ramping new products, ramping manufacturing facilities on three continents and piloting the development and manufacture of new battery cell technologies, and warned the pace of capital spending may vary depending on overall priority among projects and other factors. Looking further ahead, capital expenditure spending of $7B to $9B is anticipated for 2024 and 2025. That all compares to capex spending of $7.16B in 2022 and $6.48B in 2021. "Sustained growth has allowed our business to generally fund itself, and we will continue investing in a number of capital-intensive projects in upcoming periods," noted Tesla. Tesla ( TSLA ) took a $204M Bitcoin ( BTC-USD ) impairment loss in 2022, while booking a $64M from converting some crypto to cash. Tesla ( TSLA ) originally invested $1.5B in Bitcoin in Q1 of 2021. Tesla ( TSLA ) said that as with any investment and consistent with how it manages fiat-based cash and cash-equivalent accounts, the company may increase or decrease holdings of digital assets at any time based on the needs of the business and the view of the market and environmental conditions. Dig further into the Tesla 10-K. Shares of Tesla ( TSLA ) slipped 0.95% premarket to Tuesday to $165.10. Read the latest breakkdowns on Tesla from Seeking Alpha authors.

Seeking Alpha

Tesla updates on capex spending, Autopilot probe and Bitcoin

DekaBank, one of Germany’s largest asset managers, has selected Swiss crypto services provider Metaco to offer bitcoin related products to its clients.

Bitcoin Magazine

German Asset Management Giant DekaBank To Offer Bitcoin And Crypto

Keeping crypto in exchanges is becoming increasingly risky - here are six alternatives to keep your funds safe. Continue reading How to Store Your Crypto – 6 Alternatives to Cryptocurrency Exchanges at DailyCoin.

Daily Coin

How to Store Your Crypto – 6 Alternatives to Cryptocurrency Exchanges

Crypto lender BlockFi has received approval from the bankruptcy court to invite bids for its mining equipment. The deadline to submit bids is 20 February. The U.S. Bankruptcy Court for the District of New Jersey has given the green light to BlockFi to invite bids for its crypto mining business. The approval came a week

AMB Crypto

Bankruptcy court allows bids for BlockFi’s crypto mining equipment

The fate of the Panamanian crypto bill project, which was approved by the Panamanian National Assembly last year, now depends on the decision of the supreme court of the country. The sanction of the project, which was vetoed by President Laurentino Cortizo, is now in the hands of the court after Congress rejected the veto

Panamanian Crypto Bill Might Get a Second Wind in the Highest Court of the Country

The recent launch of the Non-Fungible Token (NFT) called the Ordinals, introduced on the Bitcoin mainnet has created controversies in the community regarding the goodness of the protocol. The software developer, Casey Rodarmor, shared a blog post last week, announcing the official launch of the protocol. However, the launch brought back an age-old debate on The post Ordinals Protocol Creates Controversies: Crypto Enthusiasts Argue appeared first on Coin Edition .

Ordinals Protocol Creates Controversies: Crypto Enthusiasts Argue

Financial conditions have loosened to a point where Powell may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.

Fed Preview: Powell to Trigger 'Healthy Pullback' in Bitcoin, Experts Say

De-Fi

New survey from Intuit reveals Gen Z finds politics and sex easier to talk about than finances, and how the

Gen Z Would Rather Talk About Anything But Their Finances

Jump Trading is sending large quantities of LDO to Binance, which could have been reason behind most recent price drop

U.Today

Lido Finance (LDO) Price Drop Was Caused by This Group Of Traders

Check out how both solutions are bringing greater transparency and security to decentralized finance

Chainlink (LINK) and Avalanche (AVAX): How Partnership Between These Cryptos Can Revolutionize DeFi

The Cream Finance exploiter is moving funds, more than 16 months after hacking the DeFi protocol, stealing over $136 million of various crypto assets. Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment Cream Finance Exploiter Transfers Funds According to CertiK, a blockchain analytic platform, the exploiter moved 365.69 ETH, worth roughly $600,000 at spot rates, to a new address. The amount is part of the over $136 million tokens stolen in late October 2021. #CertiKSkynetAlert 🚨 Cream Finance exploiter 0x70747df6ac244979a2ae9ca1e1a82899d02bbea4 sent ~$600K (365.69 ETH) to address 0x4648451b5f87ff8f0f7d622bd40574bb97e25980 Stay vigilant! pic.twitter.com/IpFdzctstp — CertiK Alert (@CertiKAlert) January 30, 2023 Funds were moved to another address. It is not yet clear what the hacker intends to do with the $600,000. Cream Finance is a blockchain-agnostic DeFi protocol deployed on Ethereum, Fantom, Polygon, and the BNB Smart Chain (BSC). It was forked from Compound, a competing lending platform, and remains open source. Cream Finance offers a wide range of services, including lending, yield farming, and token exchange. CREAM, the governance token of Cream Finance, is changing hands at $12.83 when writing on January 30. In crypto, addresses holding stolen funds are always marked and therefore tainted. It makes it hard for hackers to launder stolen funds on centralized exchanges or other platforms without being identified. The decision by platforms to join hands to combat money laundering from crypto and DeFi hackers is bearing fruits. These platforms, mostly centralized exchanges like Binance, Coinbase, or Huobi, allow users to purchase fiat currencies, including the USD, JPY, or Euro, and are compliant with applicable know-your-customer (KYC) and anti-money laundering (AML) rules. This means agents trying to launder funds through these portals can be mapped out in the real world and prosecuted. By picking out this transfer, CertiK is updating the crypto and DeFi community that the perpetrator of the hack is still active and trying to shuffle funds through various addresses. However, considering the transparent nature of underlying blockchains, including Ethereum, it is easy to track transactions despite the sender’s private identity. Any mistake on the hacker’s end can lead to their IP address being uncovered or their identity decrypted, bringing them to the custody of law enforcement agents. To counter this possibility and conceal their tracks, hackers use crypto mixers like Tornado Cash. Despite the United States Treasury Department banning citizens from using mixers like Tornado Cash, users prefer the tool. Many users are hackers wishing to cash out the funds anonymously. DeFi Under Attack In late October 2021, Cream Finance was hacked for over $136 million. The hacker targeted the protocol’s v1 lending market, siphoning several ERC-20 tokens and CREAM governance tokens. Through a series of flash loans, the attacker manipulated the protocol’s yield, allowing for borrowing more assets than collateralized. The attack was the protocol’s third in 2021, questioning the security of DeFi dApps against determined attackers, some of whom might be sponsored by governments like North Korea. In mid-January, Lazarus Group, a hacker cell associated with North Korea, attempted to launder $63.5 million. We detected Harmony One hacker fund movement. They previously tried to launder through Binance and we froze his accounts. This time he used Huobi. We assisted Huobi team to freeze his accounts. Together, 124 BTC have been recovered. CeFi helping to keep DeFi #SAFU! 🙏 — CZ 🔶 Binance (@cz_binance) January 16, 2023 Related Reading: Dogecoin: Can Elon Musk’s McDonald’s Offer Give DOGE A ‘Happy’ Price? However, Binance and Huobi picked out their transfers and froze assets. Funds were part of the amount stolen from the Harmony Bridge hack.

NewsBTC

Cream Finance Exploiter Moving Funds Over 16 Months After Hack, Here’s Why

Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation.

New York financial regulator investigates Gemini over FDIC claims: Report

The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.

DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement

CRV’s price has rallied by over 100% since the year started. Buyers can no longer support any further price rally, as bullish sentiment weakens. The price of Curve Finance’s CRV token has seen a significant increase, doubling in value since the beginning of the current bull cycle. Exchanging hands at $1.08 at press time, the

Curve Finance: Few factors to consider before you leap into any CRV trade

Hedera’s DeFi sector has registered promising growth, despite the crypto winter. Of late, HBAR’s volatility increased by a great margin. Thus, making it a risky investment. Hedera Hashgraph made significant strides in the DeFi sector, according to a recent report by Messari. Despite the prolonged crypto winter, Hedera’s improvements in DeFi remained unscathed. Notably, the

Can Hedera’s [HBAR] strong DeFi presence be the key to its resurgence?

Friktion noted that "a tough market for DeFi growth" forced the platform to close its user interface.

Solana DeFi Platform Friktion is Shutting Down its Services

Game

Press Release: Following the positive reception of the in-development Metaverse game Chimeras, RedPill Studio has announced a private funding round for an up-and-coming game TrainCraft. A total of $2,490,000 is sought in this initial round. 31st January, 2023, Mahe, Seychelles – Experienced blockchain development studio RedPill has been hard at work developing their newest release ... The post Red Pill Studio Announces Private Round for TrainCraft Game appeared first on Live Bitcoin News .

Live Bitcoin News

Red Pill Studio Announces Private Round for TrainCraft Game

TrainCraft is a mobile game set in an underground post-apocalyptic world that combines easy-to-access gameplay mechanics with NFTs and GameFi The post Red Pill Studio Announces Private Round for TrainCraft Game appeared first on Blockchain, Crypto and Stock News .

The Coin Rise

Oh Baby Games has announced raising $6 million through a seed fundraising round that was co-led by eGirl Capital and Synergis Capital. The news comes ahead of the launch of its first kart title, What The Kart. Other participants included Merit Circle DAO, gmjp, Kevin Lin, Santiago Santos, and Serkan Toto. Oh Baby Games has …

Oh Baby Games boosts the initial release with a $6 million seed round

Oh Baby Games has come out of stealth and has raised a $6 million seed round.

TheBlock

Oh Baby Games comes out of stealth, announcing $6 million funding round

Sorare expanded its NFT empire after signing a multi-year partnership with the most prestigious football league in the UK.

Crypto Potato

Sorare Partners With The Premier League For a Fantasy Football Game

This participation from one of the largest names in traditional gaming could get more eyes on the crypto gaming sector.

Fortnite player Mongraal claims top score on Bored Ape Yacht Club’s viral NFT game Dookey Dash

Gala Games, a blockchain-based gaming platform that rewards users with in-game and non-fungible tokens (NFTs), has released its plans for 2023. Related Reading: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan Gala Games’ Strategy Per a report shared on January 29, the objective of the platform this year is to continue supporting the broader gaming ecosystem, move to mobile, and carve out market share while anchoring its strategy on four key pillars, touching on sharing updates, conquering mobile, protecting utility, and remaining visible. Gala Games has specified that all games within its ecosystem will use GALA as the primary token. GALA is the native currency of the gaming portal and gifts users to vote on proposals. The platform leverages blockchain technology and aims to lead in the sphere. Over the months, including in 2022, when gaming activities contracted due to an extended bear market that saw crypto assets like Bitcoin and Ethereum more than half from their 2021 peaks, Gala Games continued to strike valuable partnerships. To build on this base, Gala Games is setting aside over $300 million to support projects in the gaming ecosystem. Out of this amount, the platform has deployed 50% of the amount. They revealed that they are still working with, among others, Gamedia, Artic 7, and Shiver Entertainment. Besides partnering with external game developers, Gala Games works with their internal game developers. Subsequently, the platform updated the community that they plan to re-launch Town Star in partnership with “The Walking Dead Empires.” In the same vein, several gaming titles will be launched in 2023 and 2024. Move to Mobile This year, Gala Games added, they expect more intellectual property holders to join their growing ecosystem. Some of them include PokeGo and AMC. On January 23, Gala Games announced the acquisition of Ember Entertainment and its gaming portfolio comprising over 15 games. Together, these games have been downloaded over 20 million times since deployment. Related Reading: Bitcoin Volatility Ahead? Open Interest Registers Sharp Jump On their plans to move to mobile, they will avail web3 games such as Meow Match and Aqua Blast to gamers. Meow Match, Gala Games added, will be the first to integrate a monetization strategy. The decision to move has been part of the Gala Games’ strategic plan over the years. As they do so, they said they expect to retain high quality, as expected by the over 2.8 billion mobile gamers, while enabling players to take charge of their digital assets.

Gala Games Plans for Mobile Gaming, GALA To Be The Primary Token

Crypto gaming and the metaverse were all the rage in 2021. The industry experienced a paradigm shift when play-to-earn games and the metaverse took over the cryptocurrency realm. However, crypto investor and trader Lady of Crypto believes that even amidst the hype in 2021, 95% of the games were crap. She also raised the question The post 95% Of Play-to-Earn Games Were Crap in 2021, Says Trader appeared first on Coin Edition .

95% Of Play-to-Earn Games Were Crap in 2021, Says Trader

The FLOLiO Account Hub gives you access to your entire NFT, Crypto and Metaverse portfolio on one page.