Author: Adam Stern

The update will facilitate the advertisement of NFT games that are not related to gambling In the ever-evolving digital advertising and blockchain technology world, Google is taking a pioneering step forward. Starting September 15, 2023, Google will significantly update its Cryptocurrencies and related products policy. This update clarifies the scope and requirements for promoting blockchain-based games involving Non-Fungible Tokens (NFTs). This move is poised to impact the burgeoning NFT gaming industry profoundly. Let’s delve into the details. The Clarifications on NFT Game Advertising Google’s updated policy brings clarity to the world of NFT games. It paves the way for advertisers…

Stake is one of the top crypto gambling sites, mostly popular in Australia and the EU In the high-stakes realm of cryptocurrency, security is paramount. However, recent events have cast a dark shadow over the industry as Stake.com, touted as the world’s largest crypto casino, fell victim to a devastating hack that saw $41.3 million vanish into the digital abyss. This article delves into the details of the hack, its far-reaching implications, and the pressing need for stronger security measures and regulatory oversight within the crypto casino sphere. The Hack Unveiled: A $41.3 Million Blow… On September 4th, Stake.com, a…

Rune Christensen, MakerDAO co-founder Rune Christensen, the co-founder of MakerDAO, has proposed a visionary plan that could revolutionize the future of decentralized finance (DeFi). Christensen’s proposal centers around forking the codebase of Solana, a blockchain platform renowned for its efficiency and scalability. This move could potentially lay the foundation for MakerDAO’s forthcoming blockchain, promising a new era of innovation and accessibility in decentralized finance. The Power of Solana’s Codebase Rune Christensen highlights that Solana’s codebase is among the top options Solana, hailed for its cutting-edge technology, has been making waves in the crypto space due to its unparalleled performance and…

Lufthansa announced its foray into the burgeoning world of Non-Fungible Tokens (NFTs) Lufthansa, a household name in the airline industry, recently made waves by announcing its foray into the burgeoning world of Non-Fungible Tokens (NFTs). By launching a loyalty program based on NFTs on the Polygon network, the airline aims to bridge the chasm between traditional business and the crypto universe. But is this shift truly visionary, or is it a misguided attempt to stay relevant? Let’s dissect the nuances. Understanding Lufthansa’s NFT Loyalty Program Before diving into the critique, it’s essential to grasp the basics. Lufthansa’s program leverages the…

EOS secures regulatory approval in Japan The crypto realm has been a witness to numerous groundbreaking developments, and the recent regulatory approval for EOS in Japan stands as a testament to this ever-evolving narrative. As the company receives its much-anticipated nod from Japanese regulators to list in the country, a plethora of new opportunities open up. This move not only solidifies EOS’s place in the Asian markets but also paves the way for it to set deeper roots and broaden its horizons. A Gateway to New Prospects in Japan This landmark approval ushers in fresh prospects for EOS in the…

Clockwork shuts down abruptly In the volatile realm of blockchain and crypto, lofty ambitions often fall short of reality. A clear testimony to this phenomenon is the abrupt halt of Clockwork, a once-promising Solana-based startup. Despite significant backing and a flashy promise, the startup’s journey has been prematurely cut short, making one wonder about its foundational robustness. Clockwork’s Hasty Curtains Though initially touted as the next big thing in Solana-based automation tooling, Clockwork seems to have hit a wall. Their alliance with the prominent Multicoin Capital did little to guarantee longevity. Nick Garfield, the founder, recently declared the team’s decision…

FTX Profile Freezes: Insights into the Security Incident The recent Kroll cybersecurity breach has been sending shockwaves through the cryptocurrency community. FTX, a previously declared bankrupt crypto exchange, has promptly responded by temporarily halting the accounts of affected users on its claims portal. Let’s dive deep into the specifics of this incident and understand what it means for FTX users and the broader crypto sphere. FTX’s Proactive Measures Post-Breach In a digital age where data breaches are not uncommon, timely action is crucial. According to a report from Cointelegraph, following the cybersecurity breach, FTX has proactively taken the step of…

Mastercard and Binance ended their partnership It was a partnership many in the cryptocurrency community heralded as the bridging of traditional financial systems with the cutting-edge digital currency world. Mastercard, a global titan of payment systems, teaming up with Binance, one of the largest cryptocurrency exchanges, seemed like a match made in heaven. However, the recent news of their partnership ending over crypto cards has sent ripples throughout the industry. This article aims to shed light on the implications and underlying reasons behind this split. A Brief Overview: The Partnership’s Promise Mastercard and Binance’s Collaboration: When two giants of their…

Cypher’s path to recovery revolves around its prompt and innovative response to the security breach In a bid to rebound from a recent crippling hack, Cypher, a decentralized exchange built on the Solana blockchain, has unveiled an ambitious recovery plan. The platform’s expedited initial decentralized offering (IDO) has been announced, aiming to mend the damage caused by the breach. With a unique approach that involves issuing a debt token to affected investors, Cypher seeks to regain its momentum and reaffirm its standing within the dynamic Solana ecosystem. An Innovative Approach: IDO to Plug the Hole Cypher’s path to recovery revolves…

BitGet has recently announced a policy update that will require mandatory Know Your Customer verification for all users starting from September 2023 In a significant move set to reshape its user experience, cryptocurrency trading platform BitGet has recently announced a policy update that will require mandatory Know Your Customer verification for all users starting from September 2023. This pivotal change, a response to growing regulatory demands and concerns over security, aims to transform BitGet’s operations while raising pertinent questions within the crypto community. Adapting to Regulation: BitGet’s KYC Mandate BitGet, a prominent player in the cryptocurrency trading arena, is no…