Web3 Gamer – Cointelegraph Magazine

Animoca Brands buys streaming platform for blockchain games

Hong Kong Web3 gaming giant Animoca Brands (The Sandbox, Revv, Phantom Galaxies), has acquired blockchain-powered streaming platform Azarus for an undisclosed sum.

Built around the slogan “streams are not TV,” Azarus allows users to livestream their gameplay while using tokens for incentives and rewards. Animoca Brands says it wants to change gaming culture with Azarus’ tech, by enabling streamers to generate new sources of income, engage their audience and reward their followers while allowing viewers to support their preferred creators. 

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Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M

Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).

According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount accounts for 3.3% of $1 billion in claims originally asserted against Genesis debtors.

“Agreement provides that the 3AC debtor shall receive an allowed general unsecured claim against GGC in the amount of $33 million in full and complete satisfaction of the more than $1 billion dollars in claims asserted against each of the Genesis debtors,”…

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UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.

According to a press release published by Lloyds Bank, an increasing number of investors face the threat of falling victim to fraudulent schemes through a wave of fake adverts posted on social media. Each victim of a cryptocurrency investment scam is losing an average of $13,115 (£10,741), an increase from $8,562 (£7,010) the previous year. This surpasses losses from other consumer frauds like romance scams or purchase scams.

Screenshot of the report from Lloyds Bank               … Read more on Cointelegraph

Poloniex wallets drained of as much as $100 million in crypto assets

Cryptocurrency exchange suffered unauthorized withdrawals beginning at around 5:30 am ET Friday.

The withdrawals from Poloniex include millions of dollars worth of ether (ETH), tron (TRX) stablecoins (USDT/USDC) and chainlink (LINK), plus more than 250 other tokens with aggregate values between $1,000 to $800,000 at the time of the theft.

A total of $23 million remains in the attacker’s primary wallet, but much of the haul has been transferred elsewhere, including $11 million in USDT, exchanged for ether.

Security firm PeckShield first reported the suspicious transactions. Justin Sun, a major investor in Poloniex confirmed the incident on X:

“Poloniex maintains a healthy financial…

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A Review of Lyn Alden’s Broken Money

In Broken Money, Lyn Alden provides a fascinating analysis of how the advent of the telegraph in the mid-19th century catalyzed the transition to fiat currency. By enabling transactions to occur at the speed of electricity, the telegraph introduced a temporal gap between financial exchanges and settlement. This necessitated central banks to maintain ledger records and coordinate settlement across distances—essentially establishing the infrastructure for fiat money.

Alden’s focus on the technology of transmission and record-keeping provides unique insight into an often overlooked driver of monetary evolution. Her work suggests that innovations in communication profoundly shape…

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Bitcoin Robbery Attacks | Sweden

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Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Bull Bitcoin | Self Custody Wallet

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Ur-Media and Reality, Inc

This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now.

A PDF pamphlet of this article is available for download.

The world you live in was never disenchanted. The curse of disenchantment, otherwise known as the Age of Reason, achieved only a confusion of the sacred and profane. One particular manifestation is that all popular entertainments and media have their roots in shamanism, ritual, and divination. The fact that theater originated in sorcery, though broadly unfamiliar to the public, is well known in academia. In Phyllis Hartnoll’s A Concise History of the Theater (1971): “The origins of the theater go back far into the past, to…

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Wallet crypto bot rolls out on Telegram in Colombia, SA and Kenya

Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa.

The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10.

Wallet, a third-party Telegram bot allowing users to buy and sell crypto, is now available on the Telegram settings menu for users in Colombia, South Africa and Kenya.

The Wallet crypto bot has been accessible to global users for several months, but users were required to find the bot by clicking “@Wallet” on Telegram. With the latest update, users can see Wallet directly on the…

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Bitcoin ETFs will drive institutional adoption in 2024

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs).

During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz highlighted the firm’s belief that approving several ETFs “is now not a matter of if but when.” The fund manager filed its spot Bitcoin and Ethereum (ETH) ETF applications with the U.S. Securities and Exchange Commission (SEC) in partnership with Invesco in Q3 2023.

Related: Bitcoin briefly tops $37K amid market optimism for pending spot ETF approvals

Investors’ sentiment has turned bullish in Nov….

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