RFOX GAMES Play-to-Earn KOGs SLAM! Interview with RedFOX GM Fadzly Yusof

Southeast Asian based  RFOX Games (a subsidiary of RedFOX Labs $RFOX) has released its free-to-play game KOGs SLAM! in closed beta. The Bitcoin News finds out more about the KOGs SLAM! digital gaming experience and the collaboration with YGG (Yield Guild Games). Q. Please introduce yourself and what you do at RFOX Games.  I’m Fadzly Yusof, General Manager of RFOX Games, a subsidiary of Redfox Labs, a crypto and blockchain venture builder based in South East Asia. Q. Can you tell us more about RFOX Games?  RFOX Games was set…

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Senator Warren’s office confuses MakerDAO for failed 2016 project The DAO

Elizabeth Warren’s office has allegedly confused top 10 DeFi protocol MakerDAO with an early experiment in decentralized autonomous organizations that failed in 2016. Recent dialogue between MakerDAO developers and the office of anti-crypto Senator Elizabeth Warren’s has revealed a concerning lack of familiarity with the current decentralized finance (DeFi) ecosystem. On Sept. 20, a screenshot began circulating on social media appearing to show dialogue between members of the MakerDAO community discussing the conclusions from a recent meeting between representatives of the project and the office of Senator Warren. In the…

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How Bitcoin casinos work and how they cheat

Online Bitcoin casinos are specialized platforms that allow you to earn cryptocurrency on gambling. These sites are in many ways similar to standard gaming services, where bets are accepted in fiat. However, blockchain technology has been introduced in Bitcoin casinos, thanks to which users can deposit coins to an account, store them there and receive transfers to their personal wallet in case of a win (or lose coins if they lose). Today on the Internet you can find Bitcoin dicecasinos without investments, with investments, with bonuses and additional buns. But…

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Here’s why Bitcoin might be safe from a global stock market crisis

BTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not ‘collapse’ if there is a global stock market meltdown. One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption as legal tender…

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California named ‘most crypto ready’ US state

Measures such as Google searches, Bitcoin ATM installations and the number of crypto-focused bills were used to tabulate the crypto-ready index. California has emerged as the most crypto-ready jurisdiction in the United States thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population, according to new industry research from review site Crypto Head.  With a score of 5.72 out of 10, California edged out New Jersey (5.44), Texas (5.28), Florida (5.03) and New York (4.29) in the crypto-ready index. The state’s point total…

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Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange. One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory.  During the 2017–2018 bull market and initial coin offering (ICO) boom, which…

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$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year and the price went vertical last time. More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term…

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There’s a Bitcoin boom among Baby Boomers reports BTC Markets

Crypto asset investing has become more popular with Aussie boomers according to the country’s largest exchange. Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments according to the data provided by one of the country’s oldest and largest exchanges. In its annual Investor Report, BTC Markets — which started in 2013 — reported a 15% increase in the number of investors over 65. Thed they are also the…

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QUASA AIO – fundraising in the form of a crypto auction!

What is QUASA AIO? AIO (Initial Auction Offer) is a type of cryptocurrency fundraising based on fair prices. AIO is a more advanced form of crowdfunding, which is designed to protect the investor’s assets, that is, raising funds through an auction. In this type of crowdfunding, there is a baker who submits applications and supports the project. The more bakers place bids, the higher the price of the project token at the end of the crowdfunding. A fundraising project can no longer independently announce the price of its token, the…

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Ark Invest to split ‘60% Bitcoin, 40% Ether’ as confidence in ETH grows ‘dramatically’

Ark Investment CEO believes Ethereum’s development is promising and Bitcoin’s value will continue to rise as more companies and institutions adopt the cryptocurrency. Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future. Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investment’s future exposure to crypto was likely…

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