Enso mounting ‘vampire attack’ on six crypto index projects

The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least 3 weeks to see any benefit. Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9. A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September 2020, SushiSwap performed a vampire attack that…

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Sophia AI robot to be tokenized for Metaverse appearance

A collection of 100 “intelligent NFTs” will be auctioned in Binance on Dec. 16 as Sophia takes a trip into the Metaverse. A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed “Noah’s Ark.”  Sophia was developed by Hong Kong-based firm Hansen Robotics in 2016 and is known across the globe for her conversation skills and articulate speaking ability. In her first 5 years, Sophia has addressed the United Nations and…

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Binance plans to become registered UK firm despite regulatory setbacks

The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months, despite being ordered by the country’s regulator to cease trading in June. Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on crypto exchanges. Binance is one…

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Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit

The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s…

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Traders say ATOM could eventually do an AVAX-like surge to $100

Fractals, bullish technical analysis patterns and the fact that 67% of the total supply is staked are key reasons why analysts expect ATOM to hit new highs shortly. Cosmos (ATOM) has the potential to record major gains in the upcoming weeks primarily because its longer-timeframe chart is showing a bullish continuation pattern.  Dubbed “bull flag,” the structure appears as the asset trends lower while bouncing between two downward sloping trendlines. However, it eventually breaks out of the range, in the direction of its previous trend, with a profit target at…

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What are Fan Tokens? How does it work?

What are fan tokens? How does it work? The interest in cryptocurrency trading in India is at a never seen before level, and the blockchains have introduced a series of new opportunities for users of various industries. The latest cryptocurrency of the sports and entertainment industry Chiliz crypto or “Fan token” is creating quite a buzz in the market. In this article, we are going to discuss what a fan token is and how it works. Read on to find more: What are Fan Tokens? These can be defined as…

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Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinum

The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible. Dance music star Deadmau5 and Grammy award-winning indie rock band Portugal The Man (PTM) have teamed up to release one million copies of their new single “This is Fine” as nonfungible tokens (NFTs). The single was released on Deadmau5’s (whose real name is Joel Zimmerman) label, Mau5trap with the aim to have the single be the first NFT to go platinum. The…

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Should I keep a Gambling Journal?

Oftentimes, you find bettors having the fun of their lives from their gambling activity. To these pros, it’s always worth it to keep playing as long as it’s not leading to gambling issues. And frankly, they are right, as many professional players have ended up becoming experts on all things gambling.  But one thing we have also noticed over the years is that a lot of players try to be conscious of their gambling. By being conscious they have understood their gambling propensities as well as embraced their strength, and…

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In 2013, Wired destroyed the key to 13 BTC now worth $760K… to make a point

Wired considered donating their holdings to charity back in 2013, but instead decided the “obvious” choice was to destroy the key to their wallet holding 13 BTC. There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623579 BTC back in 2013 in order to make the point the cryptocurrency was nothing more than an “abstraction”. The Bitcoin in the now inaccessible address is…

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Are we Still in a Bull Market? The answer is…

Many tokens on the market have been trading flat over the last week, indicating that investor interest and excitement for cryptocurrencies is beginning to wane. Following the release of the Taproot update, Bitcoin saw a slight drop, leading some to believe that the market’s bull run was coming to an end. Although the cryptocurrency market has been on a bull run for a significant chunk of the year 2021, many people were eager to predict the worst. Bitcoin dipped below its support level at the $57,000 market today, but the…

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