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16/02/2024

OpenAI Jumps Into Text-to-Video Fray With Sora, Challenging Meta, MidJourney and Pika Labs.

OpenAI today unveiled Sora, a new artificial intelligence model that can take text-based instructions and create long, captivating videos. Well, one-minute long videos.

It’s currently a closed beta that's available only to invited developers, and represents a somewhat late entry by the global leader in AI. Text-to-video isn't exactly uncharted territory. Companies like RunwayML and Pika Labs have been in the game for a while and currently dominate the scene with models capable of creating stunning visuals in seconds.

But there's always a catch: these videos tend to be short, the story losing focus and coherence the longer they run.

With Sora, OpenAI aims to achieve consistency, generating highly detailed, minute-long videos that can seamlessly flow and evolve. It’s not a simple goal, as AI models effectively improvise every frame from scratch. A tiny flaw in a single frame can snowball into a cascade of hallucinations and unrealistic imagery.

OpenAI seems to have made headway though, with Sora demonstrating smooth, captivating visuals that are so far unmatched by current players in the space. Example videos were posted online by OpenAI, and some have been republished unofficially on YouTube.

Read more - https://decrypt.co/217729/openai-sora-ai-video-generator-compete-midjourney-pika

16/02/2024

Crypto: The Game' $100K Winner Skipped Strategy, Wrote Poems for Rivals!

Players of the smash reality TV series “Survivor” have employed various techniques over the years to outsmart and outlast rivals. But have any of the contestants ever cruised to a win by penning poems for other players and generally being so darn wholesome?

That’s the approach taken by pseudonymous player MFL in the first season of Crypto: The Game, a “Survivor”-inspired experience that captivated the crypto industry with a blend of real-world scavenger hunt elements, online gameplay, and strategic shenanigans. And it propelled him to victory in last Friday’s final.

MFL’s unique approach won him a prize pool of more than $115,000 worth of Ethereum (41 ETH), at the current price—but to hear him describe it, his genial behaviour was no conniving tactic. He was just enjoying himself and wanted to savour the experience. MFL also doesn’t speak English, and says he’s based out of a small town in Japan.

Read more - https://decrypt.co/217567/crypto-the-game-winner-interview-season-2-preview

26/01/2024

SEC Delays Decision on BlackRock's Spot Ethereum ETF Application

The U.S. Securities and Exchange Commission has delayed a decision on BlackRock's spot Ethereum exchange-traded fund application.

A Wednesday filing shows that Wall Street's top regulator "finds it appropriate to designate a longer period within which to take action."

BlackRock, the world's biggest fund manager, applied in November for a spot Ethereum (ETH) exchange-traded fund (ETF).

The idea, if approved, is that the investment vehicle would give people exposure to the second-biggest cryptocurrency by market cap, ETH.

BlackRock CEO Larry Fink said in a CNBC interview last week that he sees "value in having an Ethereum ETF," adding that the approval of such funds "are just stepping stones towards tokenization."

BlackRock's spot Bitcoin (BTC) ETF was approved on January 10 and started trading on the next day.

The iShares Bitcoin Trust has been the most successful of all 10 ETFs now trading and has $1.7 billion in assets under management.

25/01/2024

Bitcoin ETFs Are Pulling in Billions—But Crypto Stocks Are Taking a Beating.

Popular stocks that give investors Bitcoin exposure have continued their slide as the leading cryptocurrency’s price plunges following the highly anticipated launch of spot crypto exchange-traded funds (ETFs) in the United States.

The major stocks of public companies that hold Bitcoin—such as MicroStrategy, Tesla, and Coinbase—are down significantly over the past month.

Such equities allow investors to have skin in the crypto game—without actually buying and digital assets themselves. But since Bitcoin, the largest and oldest digital coin, has taken a beating this month, so have crypto stocks.

25/01/2024

Hackers Target Crypto Email Lists, Send Phishing Attacks Netting Over $700,000!

Email service provider MailerLite was the victim of a phishing attack, and the target was the crypto market, the company notified Decrypt on Tuesday.

According to an email alert from the company, the attack happened after a support team member clicked a deceptive link, entered their Google credentials, and confirmed the second-factor challenge—giving hackers access to Mailerlite’s internal system.

“Upon gaining access, the perpetrators executed a password reset for a specific user on the admin panel, further consolidating their unauthorized control,” Mailerlite said. “With this level of access, they were able to impersonate user accounts. The focus was exclusively on cryptocurrency-related accounts.”

25/01/2024

Are Mt. Gox Creditor Gears Turning? Rumors Rattle Bitcoin Market.

Bitcoin fell after reports emerged saying Mt. Gox has started to repay its creditors—dragging the rest of the cryptocurrency market with it.

The long-defunct cryptocurrency exchange Mt. Gox is reemerging from the dustbin of crypto history, with scattered reports that its custodians have begun confirming the Bitcoin addresses of creditors to make repayments. This repoted movement in the compensation process for those impacted by the exchange’s collapse ten years ago, however, is having an impact on the crypto market today.

“The rehabilitation trustee shared your details with the cryptocurrency exchange or the custodian," reads an email reportedly sent to former Mt. Gox users. "In the future, it is anticipated that the Exchange will accept your subscription of agency receipt indicated on the System to receive repayment in BTC/BCH as your agent."

25/01/2024

Jupiter Launching Solana Meme Coin With An Airdrop Even Bigger Than JUP.

Solana decentralized finance (DeFi) aggregator Jupiter is set to airdrop its own JUP token on January 31 for nearly one million eligible wallets. But the platform will test out its launchpad before then with an airdrop for a meme coin—and the aggregator’s founder says it’ll be an even larger drop than for JUP.

Jupiter’s launchpad will debut a token this week from Ovols, a “DeFi meets NFTs” protocol on Solana. The coin wasn’t created by Jupiter itself, but the protocol will use its technology to debut the meme coin before attempting to launch JUP to the masses.

We knew that Jupiter planned to help launch a meme coin before the JUP airdrop, but otherwise the details were unclear. We didn’t know whose coin it would be, or who would be eligible for the drop. But now we know that the airdrop is planned to be even larger than that of JUP itself.

24/01/2024

SEC: Fake Bitcoin ETF Announcement Caused by SIM Swap Attack.

Two-factor authentication on the SEC's Twitter account had been disabled since July 2023, the regulator revealed.

The fake Twitter announcement of a spot Bitcoin ETF approval from the U.S. Securities and Exchange Commission (SEC) ahead of the real announcement was the result of a SIM swap attack, the regulator revealed Monday.

In a statement, the SEC provided details of how its SECGov Twitter account was "compromised," throwing the crypto market into turmoil as it posted a fake announcement that the long-awaited spot Bitcoin ETFs had been given the green light.

23/01/2024

Bitcoin Ordinals 'Quantum Cat' Sells for Over $250K at Sotheby's

The “Genesis Cat” Bitcoin art by FAR fetched 6.31 BTC at Sotheby's, with the wider Ordinals sale bringing in nearly $1.1 million in total.

A Bitcoin Ordinals inscription from the Quantum Cat project has sold for more than $250,000 at Sotheby’s, the famed auction house announced on Monday.

The “Genesis Cat” Ordinals inscription by digital artist FAR received over 50 bids, according to Sotheby’s, with the winning bid hitting 6.31 BTC, or about $254,000.

Earlier this month, Taproot Wizards announced the Quantum Cats collection of Bitcoin Ordinals inscriptions. The project of 3,333 images cost over $66,000 to create on the Bitcoin blockchain. The sale for the wider collection is set to take place on January 29.

23/01/2024

Crypto Casino Rollbit Sponsors FaZe Clan in Multi-Million-Dollar Esports Deal!

FaZe Clan, a popular esports and gaming organization, announced a multi-million dollar sponsorship deal with crypto gambling platform Rollbit on Tuesday. The sponsorship will support FaZe Clan's Counter-Strike 2 team, which currently tops developer Valve’s world ranking.

The organization did not specify a precise dollar amount for the deal when asked by Decrypt, nor would it say how many years the deal lasts for. However, the deal is specifically focused on sponsoring the team’s activities outside of North America. Rollbit is not available to United States users, for example.

“We believe this marks one of the largest sponsorship deals in the history of Counter-Strike and esports, as brands like Rollbit look for new ways to connect with large, highly engaged global audiences,” said FaZe Clan President Erik Anderson in a release.

23/01/2024

Terraform Labs Files for Chapter 11 Bankrupty in Delaware!

The firm said that the bankruptcy filing would enable it "to execute on its business plan while navigating ongoing legal proceedings." Terraform Labs, the company behind the LUNA and TerraUSD (UST) cryptocurrencies, has filed for voluntary Chapter 11 bankruptcy in Delaware.

In its January 21 filing with the state's bankruptcy court, the company listed assets and liabilities of between $100 million and $500 million, with between 100 and 199 creditors.

In a statement, the firm said that, "The filing will allow TFL to execute on its business plan while navigating ongoing legal proceedings, including representative litigation pending in Singapore and U.S. litigation involving the Securities and Exchange Commission (SEC)." The firm also stated that it would continue to expand its Web3 business.

22/01/2024

Brazil Stock Exchange to Open After Hours Trading, Give Bitcoin a Boost.

Bitcoin was the only asset besides the country’s own Ibovespa index approved for late night trading sessions. Brazil's main stock exchange, B3, will launch night trading sessions later this year featuring Bitcoin ETFs and Ibovespa futures. The move will see trading hours extended to 9:45 PM local time (which is 12:45 a.m. in London and 7:45 p.m. in New York), a response to the increasing demand from individual investors for more flexible trading options.

Besides Bitcoin, B3 will open trading for Ibovespa ETFs—the country’s equivalent to the U.S. S&P 500.

"There's a significant number of people who wish to trade at the end of the day. We perceive a certain pent-up demand for such an operation,” said Gilson Finkelsztain, President of B3, in a Thursday press conference. However, he noted, “This is a test. It increases cost, increases risk. We need to test whether it will be good or bad for liquidity."

22/01/2024

Elon Musk’s xAI Raises $500 Million: Report

The AI start-up is eyeing an up to $20 billion valuation, according to Bloomberg. Elon Musk’s artificial intelligence venture xAI has secured $500 million in new funding, Bloomberg reported on Friday, amid an apparent showdown over the technology's place at his electric car company.

In December, Musk’s AI startup notified the U.S. Securities and Exchange Commission of its intent to raise $1 billion in funding through an equity offering. Documents showed that Musk had already secured over $134 million at the time.

The Bloomberg source said that xAI is eyeing a $15 to $20 billion valuation, but the terms could change over time. Musk has not yet commented on the raise.

19/01/2024

PIXEL Token Launch 'Very Close' as Pixels Game Sets Play-to-Airdrop End.

Popular Ronin farming and social game Pixels is nearing its token launch as the current airdrop campaign winds down.

Pixels, a popular web-based farming and social game that uses Ethereum sidechain network Ronin, announced that it will end its Play-to-Airdrop 2.0 campaign on Friday, setting the stage for the long-awaited PIXEL token launch and distribution to players.

Swipe across to read more!

19/01/2024

SEC Punts Fidelty Spot Ethereum ETF Decision to March!

The SEC has stated it needs "sufficient time to consider the proposed rule change and the issues raised therein." The U.S. Securities and Exchange Commission (SEC) has pushed back its deadline for a decision on Fidelity's proposed spot Ethereum ETF to March 5.

Swipe across to read more!

19/01/2024

Crypto Unicorns is ditching Polygon for Arbitrum’s XAI Network!

Following last week’s XAI token airdrop, Arbitrum gaming network Xai will add Crypto Unicorns and related NFT games from Polygon.

Swipe across to read more!

19/01/2024

What is Celestia TIA? The Coin know as TIA Created by a CIA Hacker Spikes 800%?

A modular blockchain with a notorious founder is the new obsession among crypto enthusiasts, its token value up 40% since December 18.

Now that the Bitcoin ETF fever has broken, investors big and small are already looking for the next hot property. Until the Bitcoin halving shakes things up, many crypto watchers are watching Celestia, a new coin that has made its way into the top 50 with an interesting architecture and a controversial leader.

TIA, the native token of Celestia, went live following an airdrop in October 2023. Since then, it has honored its name, rising skyward with an amazing appreciation of 800%. The token has been one of the best-performing digital assets in the last 30 days, spiking over 10% in the last week, and currently sits near the $18 price range, per CoinGecko.

The green candles have made it a trending topic in the community according to CoinMarketCap, but Celestia has also been hot in the crypto ecosystem due to the controversial background of its founder. CEO Mustafa Al-Bassam, known by his former hacker alias "tFlow," was a core member of the infamous hacking group LulzSec as a teenager. The group was responsible for high-profile cyberattacks on targets like the CIA and Sony before being arrested in 2011.

18/01/2024

Solana Meme Coin Dogwifhat Spikes 257% as SOL Reclaims $100!

BONK isn’t the hottest Solana meme coin at the moment: WIF has more than doubled in price this week alone.

A Solana meme coin is surging again, reaching a new all-time high price, potentially m helping SOL itself rise—and this time around, it’s not BONK leading the charge.

Dogwifhat (WIF) is the latest Solana meme coin to put up massive gains, surging 51% over the last 24 hours to a current price of just over $0.42. It went even higher to $0.44 to set a new peak price earlier Wednesday afternoon. Over the last week alone, WIF is up 257% per CoinGecko.

WIF launched quietly in November before finding its first big price swing in December, marking a 227,000% jump at the time to $0.14. It went even further up to $0.32 last month before sinking, dipping below $0.08 as recent as last week.

Now WIF has a market cap of $423 million, making it the 146th largest cryptocurrency by market cap—and fifth-largest meme coin overall. Trading volume over the last day tallies nearly $65 million.

17/01/2024

Sam Bankman-Fried's Parents Seek Dismissal of 'Threadbare' FTX Lawsuit.

Joseph Bankman and Barbara Fried are seeking to have bankrupt crypto exchange FTX's lawsuit against them dismissed.

Joseph Bankman and Barbara Fried, the parents of former FTX CEO Sam Bankman-Fried, are seeking to have the bankrupt crypto exchange's lawsuit against them dismissed.

In a January 15 filing, lawyers for the pair argued that the FTX estate's case was "threadbare" and that it is based on "the sheer fact that Defendants’ son was a founder and executive of the Debtor entities."

The estate of FTX sued Bankman and Fried in September 2023, aiming to recover "millions of dollars in fraudulently transferred and misappropriated funds" allegedly taken by the couple. The lawsuit also seeks to recover damages attributed to breaches of fiduciary duties and other alleged misconduct.

17/01/2024

Final Fantasy Maker Square Enix's Next Big Game Features AI Art.

Living up to its promised “aggressive” move into AI, Square Enix used AI to create album art for the soundtrack to the upcoming game Foamstars.

After announcing earlier this month that the company plans an “aggressive” move into utilizing artificial intelligence tools, video game giant Square Enix confirmed Tuesday the use of AI-generated art in the upcoming game Foamstars.

According to a report by video game news outlet VGC, Square Enix used AI to create in-game album covers for the music featured in the Foamstars soundtrack.

“As developers, we’re always looking at new technologies to see how they can assist with game development,” a Square Enix representative told VGC. “In this instance, we experimented with Midjourney using simple prompts to produce abstract images.”

17/01/2024

Xai Gaming Token Surges 35% as Airdrop Value Hits $140 Million!

Arbitrum’s XAI token tied to a layer-3 gaming network spiked to a new all-time high price Monday, less than a week after its airdrop.

The Xai gaming network on Ethereum scaler Arbitrum launched its initial airdrop last week, serving up some 125 million XAI tokens for early users and supporters. Over the weekend and into early Monday, the token spiked to new heights, boosting the value of said airdrop for those who held or have newly claimed the tokens.

XAI was up 35% hitting a new all-time high price of $1.12 as of this writing, per data from CoinGecko.

The token debuted last week at a price of about $0.77 before sinking as low as $0.45, as tokens are typically volatile right after they launch. But early Sunday, the price began rising from about $0.60 to the current value, a pop of nearly 87% in around a day and a half.

17/01/2024

Anichess NFT Game Launches With Backing From World Chess Champ Magnus Carlsen.

After raising $1.5 million last year, Anichess is now playable with support from Chess.com and vaunted chess grandmaster Magnus Carlsen.

Anichess is now in the first stage of its release according to an announcement from Animoca Brands, which is working with Chess.com and five-time World Chess Champion Magnus Carlsen on the free-to-play browser game’s launch.

The initial version of the game available now offers a single-player experience, while an online player-vs-player (PVP) mode will be added sometime during Q1 2024.

“Anichess revolutionizes the classic royal game by fusing traditional strategy and gameplay with the innovative elements of spellcasting, a fantasy storyline, and Web3 functionality,” said Animoca Brands co-founder and Chairman Yat Siu in a statement.

15/01/2024

Nike Will 'Go Way Deeper' Into Video Game Fashion Amid NFT Push!

Nike says it will continue to expand into video game wearables through its .Swoosh platform, but it's unclear if there will be more NFTs.

Sports apparel giant Nike’s blockchain and digital wearables division, .Swoosh, said Friday that it will push further into the video game space in the coming year—but it’s unclear if its future gaming activations will necessarily involve NFTs.

“A virtual product’s value should be based on the enjoyment it gives you when using it to express yourself or unlocking access to a physical product. It’s more about the joy of collecting—of being a true fan—not just a transaction,” Nike’s .Swoosh wrote in a blog post.

“In the next year, you’ll see this come to life,” the post continued. “We’ll go way deeper into video gaming with the launch of a new line of virtual products—Nike In-Game Wearables. In-Game Wearables are different than our digital collectibles (like OF1) because you can purchase and wear these collections directly in your favorite video games.”

15/01/2024

GameStop Bails on Crypto Gaming, Killing NFT Marketplace.

The news comes four months after the storied video game retailer axed its NFT wallet, with GameStop set to exit the space entirely.

About a year and a half after launching its NFT marketplace, publicly-traded video game retailer GameStop is saying goodbye to its platform, which supports gaming NFTs and other collectibles across Immutable X and Loopring, both Ethereum scaling networks.

“GameStop has decided to wind down our NFT marketplace due to the continuing regulatory uncertainty of the crypto space,” a message on the marketplace’s website reads, adding that the platform will no longer be operating as of February 2 this year. Because the NFTs were minted on blockchains, however, they can be accessed elsewhere and bought and sold through other marketplaces.

Roughly four months ago, GameStop announced it was killing its NFT wallet for much the same reason. GameStop also told traders that news via the same method: a pop-up message on its marketplace’s site. It’s unclear why GameStop didn’t shut down both products at the same time, instead choosing to stagger its departure from crypto.

15/01/2024

Bitcoin Dips Under $42,000 as Market Sentiment Turns Neutral Post-ETF.

Bitcoin briefly dropped below $42,000 Monday morning, as the Crypto Fear & Greed Index turned neutral for the first time since November 2023.

Bitcoin dipped below $42,000 early Monday morning, as the crypto market took a bearish turn after multiple spot Bitcoin ETFs began trading in the U.S. last week.

Per data from CoinGecko, Bitcoin briefly dropped to a low of $41, 753.68 early Monday morning, before recovering to trade at its current level of $42,600, down around 0.6% on the day and 3.5% in the past week.

The cryptocurrency's price surged to almost $49,000 as the first spot Bitcoin ETFs began trading in the U.S. last week, but momentum was short-lived, with traders appearing to sell the news of the much-anticipated event.

13/01/2024

Solana Saga owners keep racking in the perks, including valuable Saga Monkes NFTs and SAMO tokens.

Here's everything you can claim, SWIPE TO READ!

12/01/2024

Gaming firms have already revealed over 2,000 job cuts in 2024, with Unity and Twitch leading the way on layoffs.

Amazon-owned livestreaming platform Twitch made dramatic cuts Wednesday, laying off about 35% of its staff. But Twitch isn’t the only gaming company to reveal layoffs barely more than a week into 2024, continuing a grim trend from last year.

Roughly 500 employees were impacted by Twitch’s layoffs, and CEO Dan Clancy explained in a blog post that the company was simply too big to meet its financial goals. Bloomberg first reported the news Tuesday ahead of Twitch’s official announcement.

“Our organization is still meaningfully larger than it needs to be,” said Clancy, explaining that he’s spent the past year trying to make Twitch “a more sustainable business” and that other methods of cost-cutting weren’t enough.

11/01/2024

Bitcoin ETFs Granted SEC Approval in Historic Action!

After more than a decade of rejections, the SEC has at last given its blessing to allow Bitcoin ETFs to begin trading in the U.S.

In a historic move, the U.S. Securities and Exchange Commission (SEC) has approved a rule change that would allow the first spot Bitcoin exchange-traded funds (ETFs) to begin trading. The approval is a huge milestone in the cryptocurrency industry as it comes after nearly a decade of persistent efforts and numerous rejections from the SEC.

Initially, the rule change document appeared only briefly on the regulator's website before disappearing, leading to further confusion following yesterday's false alarm. However, the document was later added again, putting paranoid crypto minds at ease.

"After careful review, the SEC finds that the proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange," the commission wrote in the approval notice.

10/01/2024

The Hottest Gaming Token Airdrops

Airdrop season is in full swing, with apps, protocols, and other projects seizing upon signs of an impending bear market to finally drop their tokens—and potentially reward millions of crypto users in the process. (The Xai airdrop on Arbitrum is live, while Pixels and Saga have revealed new details and Notcoin is teasing a token drop.)

What exactly is an airdrop, though? When it comes to crypto tokens, an airdrop is typically a way for a project to reward its early users and contributors by giving them a share of a newly launched token, all while spreading the tokens far and wide for decentralized governance.

When it comes to blockchain networks and tokens primed specifically for gaming, there are some pretty compelling airdrops on the horizon in the months ahead. Here’s a look at what’s coming for gamers—there may still be time to get involved and score some tokens ahead.

Scroll across to see some of the best upcoming drops by GG, DecryptMedia!

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