Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Read Daily: The Latest Crypto, NFTs, Web3, Blockchain, and Play-to-Earn News

Stay in the loop with our daily gaming news! Discover the latest in blockchain tech, play-to-earn games, NFTs, Web3, and metaverse gaming, keeping you on top of crypto gaming trends.
Data Breach Affects Half a Percent of Fractal ID's Users

Data Breach Affects Half a Percent of Fractal ID's Users

Understanding the Ripple Effects of a Recent Blockchain Platform Breach In an era where digital frontiers are relentlessly expanding, the safeguarding of personal information has catapulted from a mere consideration to a paramount concern The latest in this series of digital skirmishes is the intrusion into Fractal ID, a blockchain identity verification platform This event underscores the ongoing vulnerabilities faced by the evolving blockchain technology sector, revealing the complexities entangled in protecting digital identities The Incident Detail On a seemingly uneventful mid-July day, Fractal ID discovered a breach within its systems It was not until three days later that the details of this cybersecurity perturbation were disclosed on their platform...

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BIS Outlines New Rules for Banks Holding XRP and Similar Assets

BIS Outlines New Rules for Banks Holding XRP and Similar Assets

BIS Sets New Guidelines for Banks with crypto Assets In an intriguing development, the Bank for International Settlements (BIS) has unveiled its latest set of regulations, focused squarely on banks that maintain holdings in certain categories of cryptocurrencies, known collectively as Group 2 assets This diverse category, which encompasses some of the most talked-about names in the crypto space, represents a significant shift in how financial regulators are approaching the burgeoning world of digital assets Understanding Group 2 crypto Assets At the heart of this development lies the classification of Group 2 assets This category includes widely recognized cryptocurrencies like XRP, bitcoin (BTC), and ethereum (ETH), along with certain stablecoins that may not have robust stability mechanisms in place Recognizing the inherent volatility and risk associated with these assets, the BIS has taken a proactive stance in outlining specific requirements for banks looking to include them in their portfolios...

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Senate Suggests Blockchain Boost for US Security in Gaming

Senate Suggests Blockchain Boost for US Security in Gaming

Navigating the Future: The US Defense Department's Blockchain Endeavor The landscape of national security is on the brink of a revolutionary shift, with the US Senate Committee on Armed Services endorsing the Department of Defence (DOD) to delve into the vast potential of blockchain technology This pivotal move reflects a broader strategy shift towards embracing innovative solutions to enhance the efficiency and integrity of supply chain management and other crucial defense mechanisms A significant milestone was marked by the release of the fiscal year 2025 National Defense Authorization Act (NDAA) report on July 9, 2024 It highlighted a clear directive for Secretary of Defense Lloyd Austin to embark on a journey exploring and experimenting with blockchain applications within the DOD’s operations The underlying belief is that blockchain technology could significantly bolster the cryptographic integrity of the defense supply chain, minimizing risks of data manipulation or corruption by rival nations...

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Pyth Targets $6 Trillion Volume via Trading on Solana and Sui Networks

Pyth Targets $6 Trillion Volume via Trading on Solana and Sui Networks

Unleashing the Potential: A Leap in Trading Volume on the Horizon The digital finance realm is buzzing with anticipation as it stands on the cusp of an extraordinary boom Picture this: a world where trading volume doesn't just grow—it skyrockets, promising to transform the landscape in ways we've only just begun to imagine We're not talking about minor increases here and there We're looking at the possibility of an exponential upsurge in activity, all thanks to what can best be described as "market-generated" progression Within this wave of potential, Oracle solutions are stealing the spotlight, predicted to see a staggering tenfold increase in their trading volumes...

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Bitcoin Drops Under $65K, Altcoins Dip by 11%

Bitcoin Drops Under $65K, Altcoins Dip by 11%

Navigating the Waters of Cryptocurrency Markets The ever-evolving landscape of the cryptocurrency market witnessed another day of fluctuation Recently, notable cryptocurrencies such as bitcoin, ethereum, and XRP found themselves on a descending trajectory, causing a stir among investors and market analysts alike Consequently, the global cryptocurrency market cap experienced a slight decline, making investors tread cautiously in these unpredictable waters A Glimpse into the Current Market Condition In a surprising turn of events, bitcoin's value saw a minor setback, deviating from its recent upward trend Analysts point towards a looming liquidity crunch within the stablecoin market as a catalyst for bitcoin's pricing woes...

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Russia Explores Crypto as Fix for Global Payment Hurdles for Gamers

Russia Explores Crypto as Fix for Global Payment Hurdles for Gamers

Embracing the Digital Shift: Russia's Move Towards Cryptocurrency for International Trade In a world where technology continually shapes the economy, Russia is taking bold steps toward incorporating cryptocurrency as an answer to its international trading hurdles Recognizing the need for a more agile and responsive payment system, the nation is fast-tracking the development of a crypto-based payment infrastructure This revolution comes in the midst of existing tension with the global financial community, prompting a significant legislative push expected to reach the Russian parliament soon The Catalyst Behind Russia's crypto Strategy Recent years have introduced a staunch challenge to Russia's international financial dealings, primarily due to Western sanctions Transactions with pivotal trade partners like China, India, the UAE, and Turkey have faced substantial disruptions...

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Indian Crypto Exchange WazirX Hack Plummets SHIB, WRX; Bitcoin, Tether's Prices Drop

Indian Crypto Exchange WazirX Hack Plummets SHIB, WRX; Bitcoin, Tether's Prices Drop

Exploring the World of Cryptocurrency: A Wild Ride in Rupees The realm of cryptocurrency is akin to an uncharted ocean filled with opportunities, risks, and unexpected whirlpools Among the high waves recently, a notable shift occurred in the relationship between bitcoin and the Indian rupee Traditionally, currencies fluctuate, but what we're observing now is more than just a simple ebb and flow; it's a turning point that could signify broader implications for investors and enthusiasts alike The Dramatic Dip: A Peek into Numbers In a surprising turn of events, the bitcoin-rupee (BTC/INR) pair saw an 11% decrease, plummeting to 5 1 million rupees (equivalent to $60,945), presenting a stark contrast to the trading prices on other platforms...

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Brendan Murphy to Release Bitcoin-Themed 'Spacemen' Artwork Using Ordinals

Brendan Murphy to Release Bitcoin-Themed 'Spacemen' Artwork Using Ordinals

Exploring the Digital Frontier with bitcoin Ordinals: The Artistic Leap into crypto's New Terrain At the intersection of creativity and technology, waves of innovation continue to reshape our cultural and digital landscapes Leading the charge, artists are embracing the realm of cryptocurrency to forge connections with a global audience, transcending the traditional boundaries that have long defined the art world Among these pioneers, Brendan Murphy has emerged as a beacon of ingenuity, channeling his artistic vision into the cryptographic sphere with an electrifying new project Introducing "Frozen With Desire": A Fusion of Art and bitcoin Innovation "Frozen With Desire" marks a monumental step forward, a collection birthed from Brendan Murphy's artistic genius, now finding a new home within the bitcoin blockchain This groundbreaking initiative unveils 3,100 bitcoin Ordinal inscriptions, each featuring mesmerizing "bitcoin Spacemen" illustrations...

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Massive Breach Results in 50% Loss of Investor Funds in Crypto Exchange

Massive Breach Results in 50% Loss of Investor Funds in Crypto Exchange

## A Gargantuan Cyber Heist Strikes Indian crypto Exchange In an unsettling wave of cybercrime, a well-known Indian cryptocurrency exchange found itself in the crosshairs of what could only be described as a digital nightmare A formidable security breach unfurled, culminating in a staggering loss of $234 9 million in funds This revelation came courtesy of 'Cyver Alerts', a vigilant cybersecurity outfit that first flagged the unauthorized financial turbulence ### The Heart of the Matter The breach involved sophisticated unauthorized transactions from the exchange's Safe Multisig wallet, with the pilfered funds making a mysterious exodus to an external wallet within the ethereum network...

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Dubai's New Trade Drive: A Blockchain Hub for Crypto Gaming

Dubai's New Trade Drive: A Blockchain Hub for Crypto Gaming

Welcome to a New Era: Dubai Embraces Blockchain for Smoother Trade The bustling city of Dubai, known for its magnificent skyline and innovative spirit, has taken a significant leap into the future of trade and logistics With the introduction of its very own blockchain platform, customs clearance is set for a dramatic transformation Exciting times lie ahead as shipping operations in and around Dubai are poised to become easier and more efficient than ever before A Smart City Vision Launched with great enthusiasm on July 8, 2024, this move is a cornerstone of Dubai's ambition to position itself as one of the leading smart cities globally It's a vision that's not just about adopting new technologies but fundamentally changing how business is done, making trade more accessible, faster, and transparent for everyone involved...

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MOCA Token Surges 225%, Revolutionizes Gaming in Crypto

MOCA Token Surges 225%, Revolutionizes Gaming in Crypto

The Revolutionary Launch of MOCA tokens: A New Era in web3 Investment The digital world is buzzing with anticipation as the MOCA token, introduced by Animoca Brands' innovative project Mocaverse, made its debut on the 11th of July This pivotal moment represents more than just another cryptocurrency launch; it signifies a bold step forward in the realm of web3, promising to redefine our understanding of digital ownership and network participation Understanding the Purpose Behind MOCA In the intricate fabric of web3, tokens like MOCA serve as the thread that weaves together a complex yet fascinating landscape of digital interaction and ownership Yat Siu, the visionary chairman of Animoca Brands, has shed light on the essence of such tokens, particularly MOCA, emphasizing their role in fostering a novel form of ownership This is not just about possessing a digital asset; it's about owning a fragment of the network's collective force and value...

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Exits Nigeria, Halting Operations by August

Exits Nigeria, Halting Operations by August

Major Shifts in the Cryptocurrency World: Legal Battles, Regulatory Changes, and Strides Forward The landscape of cryptocurrency is perpetually shifting, marked by dynamic changes that often highlight the delicate balance between innovation and regulation Recent developments have brought to light significant actions including a notable sentence reduction for a cryptocurrency developer, an exchange's withdrawal from a major African market, and a notable legal settlement involving unsolicited text messages These events underscore the overarching themes of compliance, regulation, and the relentless pursuit of expansion that define the crypto sphere OKX Halts Services in Nigeria Amid Regulatory Changes OKX, a prominent cryptocurrency exchange, has made the difficult decision to exit the Nigerian market following alterations in the country's laws and regulations concerning digital currencies This was announced through an email communication to its Nigerian users, setting a definitive date for halting services...

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Early 2024 Sees $1.4B Loss in Gaming Crypto Heists: Analysis

Early 2024 Sees $1.4B Loss in Gaming Crypto Heists: Analysis

The Escalating Challenge of crypto Heists In a world where digital finance is evolving at an unprecedented pace, the allure of cryptocurrencies has surged, marked significantly by their increasing value However, this rise has unfortunately paralleled an increase in digital thefts, with cryptocurrency heists escalating in both frequency and magnitude Recent findings from blockchain researchers at TRM Labs have shed light on a staggering reality: in the first half of this year alone, the amount stolen from crypto platforms via hacking attacks more than doubled, reaching a record-breaking $1 billion This figure starkly contrasts the $657 million pilfered throughout the entirety of the previous year, highlighting a concerning trend in digital finance security—or the lack thereof Why the Sudden Surge...

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Exciting News for Crypto Gamers: READYgg Token Pre-Sale Launches

Exciting News for Crypto Gamers: READYgg Token Pre-Sale Launches

The Dawn of a New Era in Gaming: The Launch of RDYX token by READYgg The gaming sector is on the brink of a revolution, one that blends the thrill of gameplay with the cutting-edge potential of blockchain technology The forefront of this transformation is marked by the exciting launch of the RDYX token by READYgg—a pivotal moment that's drawing attention from gamblers and tech enthusiasts alike Let's explore what this means for the gaming community and the digital world What's Cooking with RDYX token At the heart of this buzz is the debut of the RDYX token...

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Cyber Hack Affects Crypto Platform, $235 Million Transferred

Cyber Hack Affects Crypto Platform, $235 Million Transferred

The Ripple Effects of Security Breaches in the crypto World In a recent revelation that has sent shockwaves through the cryptocurrency community, a major crypto exchange based in India faced a significant security breach This unsettling event saw nearly a quarter of a billion dollars in digital assets being suspiciously moved, spotlighting the growing concern over the safety and security of digital assets The Incident Unveiled The exchange disclosed that the breach involved one of its multisig wallets, a type of wallet designed for enhanced security by requiring multiple keys to authorize a transaction Following the discovery, the platform took immediate action by pausing withdrawals in both crypto and fiat to halt any further unauthorized transactions This incident is not an isolated event but a part of a troubling trend that has seen several high-profile crypto platforms fall victim to security breaches...

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Wreck League - Game Review

Wreck League - Game Review

Ever dreamt of a world where your favorite NFTs come to life, battling it out in a high-stakes arena where strategy, skill, and a bit of luck determine the victor? Well, hold onto your digital hats, because that's exactly what Wreck League is bringing to the table. Picture this: a vibrant battlefield where the Kodas and Bored Apes, those digital darlings from the Yuga Labs ecosystem, are not just collectibles but fierce warriors in a universe of endless possibilities. Intrigued? Let's dive deeper! What Makes Wreck League Stand Out? A Melting Pot of Digital Universes: Imagine a realm where boundaries blur between different digital universes, bringing together a plethora of characters from multiple Web3 projects. Wreck League is not just a game; it's a multiverse where each battle is a narrative waiting to unfold. The sheer variety of characters ensures that no two fights are ever the same, offering a fresh experience every time you play. Customization at Its Core: Remember playing with building blocks as a kid, where you could create anything your heart desired? Wreck League taps into that timeless joy but elevates it to a whole new level. Here, you're not just assembling blocks; you're crafting your very own mech warriors. With the ability to digitally own unique mech parts, the game allows you to combine them in countless ways to build a fighter that's not just powerful but also a reflection of your personality and strategy. Crossplay: Bridging Worlds: In today's fast-paced world, convenience is key. Wreck League understands this, offering seamless crossplay functionality between mobile and PC. Whether you're at home or on the go, the battlefield is always just a click away, ensuring you're never disconnected from the action. The Masterminds Behind the Madness nWay: Pioneers of PvP When it comes to developing AAA-quality competitive games, nWay is a name that resonates with innovation and quality. With a portfolio that includes titles like Power Rangers: Battle for the Grid and ChronoBlade, nWay's expertise in crafting engaging PvP experiences is unparalleled. The team's rich history, spanning industry giants like Sony and EA, is a testament to their ability to create games that captivate and thrill. Animoca Brands: The Architects of Digital Dreams Animoca Brands is not just a company; it's a vision of the future. As a trailblazer in digital entertainment and blockchain, their portfolio is a dazzling array of projects that push the boundaries of what's possible. From The Sandbox to partnerships with giants like Disney and Formula 1®, Animoca Brands is at the forefront of creating digital experiences that are as engaging as they are innovative. Your Journey Begins Here The Battlefield Awaits Wreck League is more than just a game; it's an action-packed adventure where your strategy, skill, and creativity are your greatest weapons. Whether you're a seasoned fighter or new to the arena, there's a place for you in this ever-evolving universe. On Any Device, Anywhere The beauty of Wreck League lies in its accessibility. Whether you're an iOS devotee or an Android aficionado, the game's crossplay functionality ensures you're never left out of the action. And for those who prefer the grandeur of a PC display, Wreck League has got you covered too. Ready to Dive In? Curious about how to start your journey in Wreck League? Keep an eye out for guides and tutorials that will help you navigate this digital odyssey. From mastering the basics to devising complex strategies, there's a wealth of knowledge waiting to be explored. A Personal Anecdote Let me share a little story that perfectly encapsulates the essence of Wreck League. A while back, I was introduced to the concept of NFTs by a friend. Intrigued, I dipped my toes into this digital realm, collecting a few pieces here and there. But it wasn't until Wreck League came along that I truly felt a deeper connection to my digital collectibles. Seeing my Kodas come to life, each battle a testament to their unique attributes and my strategic choices, was a game-changer. It transformed my passive collection into active participants in a dynamic world, each victory and defeat adding a new layer to their story. In Conclusion Wreck League is not just a game; it's a revolution in the digital collectibles space, blurring the lines between collecting and interactive gameplay. With its rich narrative potential, deep customization, and the backing of industry giants like nWay and Animoca Brands, it's poised to redefine what it means to be part of the Web3 ecosystem. Whether you're a seasoned gamer or new to the digital arena, Wreck League offers an adventure that's as rewarding as it is thrilling. So, are you ready to step into the arena and make your mark in the Wreck League universe?

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Riot Racers - Game Review

Riot Racers - Game Review

Riot Racers is a new NFT game in the racing standards of the Polygon blockchain technology games. It is an idle racing game where players can start a new race by choosing the car and driver they can afford. Then, start the race which happens in the background without any active maneuvering of the cars. Working on the play to earn format, the players can earn RIOT tokens which are the game’s currency. This happens by participating in the races, investing in cars, or simply owning parts of the game as NFT property. So, coming first in the race gives you 50% of the prize pool; coming second wins you 30% and coming third wins you 20% of the prize pool. As the races are happening in the background, races are won or lost on the basis of three criteria, driver (20%), car (29%), and race strategy (51%). So, it means that in order to win races and earn RIOT tokens, players need to upgrade their cars and their racing standard by investing in them. Moreover, there is an additional option of hiring drivers for the races based on their skills. Higher the driving skill, the higher the cost. To participate in a race, players need to buy a car that is NFT on its own accord. Players need to hire a driver that meets that particular race’s minimum criteria of experience and level. Then the players need to fill their car tanks with gas and pay the entry fee to a race competition to participate.

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Etherorcs - NFT Game Review

Etherorcs - NFT Game Review

Etherorcs is a blockchain game where Orcs are mythical gruesome monsters that are bloodthirsty and always willing to engage in battles. Etherorcs is a 100% on-chain game that involves Orcs as NFTs pitched against each other in PvP fights or in raids of dungeons. The game uses Ethereum and Polygon networks. Moreover, it has three game modes including pillaging, raiding, and dungeons. The players can form alliances with other players to create bands that can raid other parties, travel on voyages to pillage lands for the in-game tokens, or go on an expedition in the dungeons to look for valuable gems and assets. So, the more you go on raids and pillages the stronger your NFT Orc becomes which allows the players to participate in bigger loot expeditions and higher rewards. Players have the option to carry out Pillaging in three locations depending on the level of the Orc character. The locations are: the town with level 1+; the dungeon with level 3+; and the cavern at level 10+. The Tokenomics: The tokenomics of Etherorcs is based on two tokens – ZUG and BONESHARD. ZUG tokens help you enter a raid and the raids will in turn win BONESHARD tokens that are tradeable in the marketplace. Moreover, the game also includes other creatures as characters like wizards, mages, shamans, dark elves, etc. While the dungeon is a massively multiplayer realm where players need ZUG tokens to enter the crawler expedition. Similarly, players need their NFT characters to enter and play. The characters have various attributes like stealth, strength, defense, and attack power. The combination of these attributes will determine who wins the fight. ZUG tokens are the basic in-game currency that you are earned by making the orcs work on farms. And they are needed to mint new Orc NFTs. On the other hand, you can earn BONESHARD tokens by completing tasks. In addition, the tokens also provide an opportunity to create races of the alliance. Finally, the game offers an immensely immersive ecosystem experience.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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