Bitstory

31/07/2022

How Instagram NFTs will create new marketing opportunities

31/07/2022

Hong Kong university to inaugurate mixed reality classroom in Metaverse
By building MetaHKUST, the institution plans to create a learning environment that virtually connects the two campuses — in Hong Kong and Guangzhou.

By virtually connecting multiple campuses, HKUST hopes to help students overcome geographical constraints when attending classes.

30/07/2022

How NFTs can boost fan engagement in the sports industry

30/07/2022

price ‘cup and handle’ pattern hints at potential breakout versus Bitcoin

Ether has printed a classic bullish reversal pattern against Bitcoin weeks before the Merge launch date.

30/07/2022

risks escalate as Celsius confirms client emails leaked

It is not the first time Celsius' customer emails have been exploited and leaked online.
Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data has been leaked in a third-party data breach.
On July 26, sent an email to its customers informing them that a list of their emails had been leaked by an employee of one of its business data management and messaging vendors.
According to Celsius, the breach came from an engineer at the Customer.io messaging platform who leaked the data to a third-party bad actor.
“We were recently informed by our vendor Customer.io that one of their employees accessed a list of Celsius client email addresses,” said Celsius in its email to customers. The data breach is part of the same incursion that leaked customer email addresses in June.

Celsius vendor Customer.io has revealed that Celsius users were also impacted in the same data breach that leaked OpenSea customer email data in June.

29/07/2022

29/07/2022

The GameFi industry holds massive potential for growth within the next six years, according to a recent report.
A recent report from Absolute Reports projects massive growth for the GameFi industry within the next six years.
The research has the play-to-earn nonfungible token (NFT) game industry with an estimated value of $2.8 billion within the time span from 2022–2028. Moreover, the compound annual growth rate of the industry is 20.4% in the same six-year period.
This forecast comes in the midst of a raging crypto bear market, which leaves little room for projects and industries with no substance. The report highlights the leaders in this field of play-to-earn game development which include Sky Mavis, Dapper Labs, , Immutable and The .
Furthermore, it breaks down GameFi by type, console and market region.
Though it’s not only the report which points to a favorable future for the gaming industry, as research from Cointelegraph also highlights interest from venture capitalist investors during the down season. For example, Animoca Brands recently acquired three companies within the GameFi space.

Another analysis shows an uptick in users of blockchain-based games despite market conditions. Both WAX and Binance Smart Chain saw steady community numbers with 2.94 million and 2.49 million users.

During market downturns, projects that remain carry with them a level of apparent utility. Blockchain-based games are a simple, accessible, and engaging way for this to be seen. It is for this reason that gaming has always acted as a gateway for new users to interact with the crypto space.

However, as Web3 continues its development, experts highlight that GameFi will need to adapt as well. In a recent conversation with the founders of Crypto Raiders, they urged developers to prioritize fun over “financialization” when continuing to develop platforms.

During market downturns, projects that remain carry with them a level of apparent utility.

29/07/2022

Condense to live stream IRL events into the Metaverse

29/07/2022

Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team.

Linda Jeng will be the CCI’s chief global regulatory officer and general counsel, while Brett Quick will join as the council's head of government affairs for North America.

29/07/2022

Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
https://cointelegraph.com/news/texas-a-bitcoin-hot-spot-even-as-heat-waves-affect-crypto-miners

Bitcoin miners are still looking to set up operations in Texas despite recent heat waves, but more sustainable techniques may help improve circumstances moving forward.

29/07/2022

Tron producer Donald Kushner creates Web3-inspired Cryptosaurs NFT collection
"NFTs can aid in the documentation of the creator community through smart contracts," said Kushner.

The venture is all about "enabling equitable participation in the content’s story world and its derivatives," says Kushner.

29/07/2022

Experts yet to explain massive spike in ETH active addresses
The sudden dramatic spike in active addresses on the network has left many guessing about the cause.

The number of active addresses on the Ethereum network suddenly spiked far past the previous high for that metric set in 2018, with experts sharing some of their working theories behind its rise.

29/07/2022

Japan’s crypto groups call for end of taxing paper gains
Danny Talwar from crypto tax platform Koinly said Japan’s regulatory environment makes it difficult for businesses and individual investors to hold digital assets in Japan.

The crypto groups will reportedly submit the proposal to Japan’s financial regulator this week calling for various crypto tax cuts.

29/07/2022

Crypto mining still profitable in the long-term, expert says
Steve Bassi said that a long-term holder may do well mining in the short run and then selling when the block reward goes down in 2024.

Steve Bassi highlighted that mining hardware depreciates in about three to five years, with some miner parts needing replacement.

29/07/2022

Play-to-earn mania has cooled, but this new game spots a big opportunity

In the depths of the crypto winter, the world of play-to-earn games is changing. This project says it offers the sustainable, enjoyable experience that gamers are looking for.

In the depths of the crypto winter, the world of play-to-earn games is changing. This project says it offers the sustainable, enjoyable experience that gamers are looking for

29/07/2022

How Instagram NFTs will create new marketing opportunities

NFT integration will allow individuals to express themselves or even show off their irrefutably owned blockchain assets.

NFT integration will allow individuals to express themselves or even show off their irrefutably owned blockchain assets.

29/07/2022

Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley.

Tokenomics in crypto is a related but different field. Tokens are a way for projects to raise funds and build communities, and designing the way they work can be much more complex than traditional equity raises — and potentially much more problematic.

“In tokenomics, the token or digital asset is the scarce resource. But we can now design features for these programmable digital assets, influencing how people behave and interact with each other, often creating new possibilities for exchange altogether,” McKinley says. He explains the distribution of tokens and the outcomes of that distribution are key matters for investors and for how the business ends up operating.

“Influencing behavior does not have to be malicious,” claims tokenomics expert Roderick McKinley. But how do you get the balance right between creating attractive financial incentives without becoming a Ponzi?

29/07/2022

Bear markets are good for the real builders

Unfortunately, a foundation without any structure built on top of it is relatively worthless.

https://cointelegraph.com/innovation-circle/bear-markets-are-good-for-the-real-builders

Unfortunately, a foundation without any structure built on top of it is relatively worthless.

29/07/2022

Is the end of this crypto winter in sight? | Find out now on Market Talks with Ted Warren and Mark Yusko
Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Mark Yusko.

Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Mark Yusko

29/07/2022

US lawmaker calls for Apple and Google to provide info on fake crypto apps
"Industry shouldn’t be allowed to write the rules that they want to play by,” said Senator Sherrod Brown in calling for U.S. lawmakers and regulators to address crypto scams.
Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams.

According to the letters published on Thursday, Brown asked Apple CEO Tim Cook and Alphabet CEO Sundar Pichai for the steps the tech giants were taking in the approval of crypto apps on Apple and Android devices. The senator requested information related to how the companies assessed if apps were “trusted and secure,” prevented possible phishing apps through fraudulent apps and reported such apps to users.

“Cyber criminals have stolen company logos, names, and other identifying information of crypto firms and then created fake mobile apps to trick unsuspecting investors into believing they are conducting business with a legitimate crypto firm,” said Brown. “While firms that offer crypto investment and other related services should take the necessary steps to prevent fraudulent activity, including warning investors about the uptick in scams, it is likewise imperative that app stores have the proper safeguards in place to prevent against fraudulent mobile application activity.”

Brown’s letters came following the Federal Bureau of Investigation issuing a public warning about fraudulent cryptocurrency apps on July 18. The bureau reported that scammers had pilfered more than $42 million from 244 people between October 2021 and May 2022, including a case in which an app used the name of a former legitimate crypto exchange.

Senate Banking Committee chair Sherrod Brown called on Apple CEO Tim Cook and Alphabet CEO Sundar Pichai for the steps the tech giants were taking in the approval of crypto apps.

29/07/2022

Final candidates for next UK prime minister have made statements
The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down.Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views.
With Prime Minister Boris Johnson soon to be out of office, Sunak and Truss are competing to be the next leader of the Conservative Party and the country, with their views on digital assets likely to influence financial policy. Under Johnson, Sunak requested that the country’s Royal Mint create a nonfungible token as part of an effort to make the United Kingdom a global crypto hub.
A member of Parliament who served as chancellor from 2020 until resigning in July, Sunak previously said the U.K. government would prioritize financial technology, including central bank digital currencies and stablecoins, aiming for the country to keep pace with innovation. He has also been behind many proposed financial services reforms promoting the adoption of cryptocurrencies and stablecoins.
Truss, who has been the Secretary of State for Foreign, Commonwealth and Development Affairs since 2021 and Minister for Women and Equalities since 2019, serving under three prime ministers, called for an anti-regulatory approach to crypto in 2018 in an effort for the U.K. to embrace the technology. In her role as Secretary of State for International Trade, the MP launched a digital trade network in 2020 whose measures included promoting fintech firms that “enable[d] digitisation and resilience in priority export markets.”

Pro-crypto British politicians Rishi Sunak and Liz Truss are the final two candidates to be the next leader of the Conservative Party and Prime Minister of the United Kingdom.