Games need decentralized randomness to be fair

[ad_1] Quantum mechanics tells us that what looks like a highly predictable and orderly universe is built on a world of unpredictability and mere probability. While the quantum world looks bizarre, it can be understood and even harnessed for technology like semiconductors, LEDs, and quantum cryptography. Something similar can be said about randomness in the metaverse. What looks like a system built on random values produced by random number generators

Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Uniswap after it announced a 0.15% swap fee starting on Oct. 17, and an open-source hook on Uniswap generated controversy due to Know Your Customer (KYC) checks.In


[ad_1] Bitcoin (BTC) rose above $30,000 on Oct. 20, indicating that the path of least resistance is to the upside. Grayscale Investments filing a new application with the United States Securities and Exchange Commission for a new spot Bitcoin exchange-traded fund (ETF) may have acted as a bullish trigger.In other positive news for the cryptocurrency space, the SEC sought to dismiss all claims against Ripple CEO Brad Garlinghouse and executive

NFT Creator – Cointelegraph Magazine

[ad_1] A self-proclaimed jack of all trades and master of none, OSF has become a prolific figure in the non-fungible token world in just over two years, trading his former life at Barclay’s to focus full-time on web3, his digital art pursuits, his PFP project Rekt Guy and living the life of a degen collector.  The self-deprecating 34-year-old Englishman has a Swiss army knife of skills suited for a modern

Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam

[ad_1] On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team allegedly hired paid actors to pretend to be its executives, then raised funds for the sole purpose of developing a gaming platform. However, instead of actually creating the platform,

Asia Express – Cointelegraph Magazine

[ad_1] Our weekly roundup of news from East Asia curates the industry’s most important developments. Bitmain allegedly fired staff after salary complaints Bitcoin application-specific integrated circuit (ASIC) mining manufacturer Bitmain has allegedly fired three of its employees for speaking to the media regarding the withholding of salary payments by their employer.  According to local news reports on Oct. 17, citing an alleged internal Bitmain memo, the company accused three staff members of

Reddit mods dumped tokens hours before blockchain program termination

[ad_1] Popular social network platform Reddit announced the winddown of its blockchain-based community points program on Oct. 17, citing scalability issues. The announcement created controversy in the crypto community, with many calling it a rug-pull, as the price of the native token on different subreddits tanked after the news was revealed. Each subreddit had its own native token. For example, the Moons (MOON) token was the native crypto asset of r/CryptoCurrency,

Why is XRP price up today?

[ad_1] XRP (XRP) price is up today following news that the United States Securities and Exchange Commission (SEC) has asked a federal judge to withdraw the case against Ripple’s co-founder Christian Larsen and CEO Brad Garlinghouse.The cryptocurrency climbed nearly 9% after the news, hitting $0.53, its highest level in two weeks.XRP/USD daily price chart. Source: TradingViewBack-to-back Ripple wins boost XRP demandThe SEC had accused Larsen and Garlinghouse of selling $1

Community reacts to SEC dropping XRP case and LBRY shutdown

[ad_1] Ripple’s latest win in its legal battle against United States securities regulators has been marred by news of the blockchain platform LBRY shutting down operations, which triggered the community to react.The U.S. Securities and Exchange Commission (SEC) announced its intention to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen on Oct. 19. The event marked a significant legal win for Ripple in the civil

‘This will be our last post’ — LBRY throws in towel against the SEC

[ad_1] Blockchain company LBRY — the creators of the LBRY blockchain — has issued its final message to the crypto community, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LBRY team in an Oct. 20 statement on Odysee, a LBRY-powered video-sharing website, which was also shared on X (formerly Twitter). LBRY Inc. is winding