CryptoKitties

CryptoKitties is a game centered around breedable, collectible, and cartoon cats.

World latest news

Will the Gaming Industry be the Catalyst to Mainstream Crypto Adoption?

Disrupting the gaming industry one decentralized game at a timeIt is almost difficult to think back and remember prosperous crypto-times where green-candles were a daily occurrence and blockchain projects surged in price to new all-time-highs on a regular basis. It all came to a halt at the beginning of 2018 when bears appeared and ate a lot of people’s crypto profits.One of the main reasons, besides the obvious one of over-valuation, was the inability to scale. For a gaming dApp to become fully functional on the blockchain, a network has to be able to process all the transactions in a timely manner. At the time (the end of 2017/ beginning 2018), CryptoKitties was becoming immensely popular and over flushed the Ethereum blockchain with transactions. The network got congested and the only way to get your transaction through was setting a high gas transaction fee.RunescapeMy personal journey into Bitcoin and cryptocurrencies started near the end of 2016 when I was looking for an alternative way to invest some of our life savings. I discovered Bitcoin, researched it and got more-and-more excited about it every day.Around the same time, I found out I still possessed the login data from my Runescape account, a game I had last played 15 years ago and apparently is still popular to this day. In my dashboard, there they were: two party hats, some Santa hats, a Christmas cracker, and a few Easter eggs, all special items that were dropped in-game on special occasions, some 20 years ago. What caught my eye was founding out that these rare virtual items were being sold in real-life for real money. At the time the party hats represented a value of around $ 1,600 per piece.Because I wasn’t an avid player anymore, I decided to look for a buyer and sell all my in-game assets. A lot of time went into examining how to transact in a safe way for both parties. Turned out the majority of the buyers were scammers. I finally gave up, after I encountered countless scamming attempts.To this day I still think about that entire trading process. I can’t believe how many times someone tried to scam me before I finally gave up. The entire process should have been a lot easier and safer. Luckily solutions are in the making with blockchain-based games.Plague HuntersOn the 20th of November, Sony announced it has approved blockchain-based video game, Plague Hunters for their flagship video console, PlayStation 4. According to the Japanese electronics giant, Plague Hunters will be released to the market in Q1 of 2019. It is the first blockchain-based game that has come through Sony’s rigid approval process.Plague Hunters is the successor of Plague Road and is developed by Arcade Distillery, from New York. The game is free to play with the added feature of purchasing in-game items. For the transference of in-game items, the game will have a decentralized marketplace, powered by the Ethereum blockchain. In-game assets will be non-fungible tokens. Non-fungible tokens, that have unique features and are one-of-a-kind, can have the ERC-721 or ERC-1155 token standard. Ethereum’s basic ERC-20 standard tokens are fungible, which means all the tokens are the same.Blockchain-based projects focused on the gaming industryGaming developers are slowly adapting to implementing cryptocurrency. A few examples of blockchain-based projects that offer blockchain services for gaming companies are Loom Network, Enjin Coin and BORA. Loom and Enjin both initiated their project last year by conducting an ICO, while newcomer BORA has recently concluded its presale. BORA will skip a public sale to list their native BORA token straight onto an exchange.The common ground on two (Loom and BORA) out of the three projects is that they plan to solve the scalability issue by implementing a layer-2 scaling solution. Layer-2 solutions like sidechains, state-channels, TrueBit, and plasma are built on top of the blockchain, unlike layer-1 technology that is built into the blockchain layer itself. Sharding is an example of a layer-1 solution and it is expected to be completed by 2020. Suffice to say, looking for a solid scaling solution that is ready to be implemented earlier in the game would be preferable.EnjinEnjin is an all-in-one website content management system (CMS) for the gaming community. Enjin is predominantly used by members in the gaming community. The project will offer a framework of open-source software development kits (SDK), game plugins, wallets, virtual item management apps and a payment gateway that supports the project’s native ENJ token. Enjin’s main goal is to become the go-to currency for gamers in terms of providing portability between different gaming platforms and enabling the transferability of virtual goods and digital assets.Website: https://enjincoin.io/Telegram: https://t.me/enjin_coinTwitter: https://twitter.com/enjinMedium: https://blog.enjincoin.ioLoom NetworkLoom positions itself as a next-generation blockchain application built on the Ethereum blockchain. Loom aims to implement DPoS sidechains that will allow for commercial size (blockchain) games and other dApps to be deployed on the network. Loom uses sidechain technology to scale and achieve high-throughput and low latency.A nice feature that Loom offers is the free programming tutorial, called CryptoZombies. Anyone can learn to code Ethereum dApps and after completing the course, you are set to have developed your first game, coded in Solidity.Website: https://loomx.io/Telegram: https://t.me/loomnetworkTwitter: https://twitter.com/loomnetworkMedium: https://medium.com/loom-networkBORABlockchain-based BORA aims to create a decentralized entertainment platform focused on distributing digital contents while incentivizing community members. BORA uses sidechain technology to allow for highly-scalable dApps to be suitable for the platform. BORA has a team of 12 developers based in Korea that is working on releasing the mainnet version of BORA Island in Q1 of 2019. For now, we will have to suffice with the BORA testnet that was released in October 2018.During their recent meetup in South-Korea’s capital of Seoul, BORA announced that they have already lined up at least five gaming developers that will implement BORA into their game(s). BORA tokens can be used to purchase in-game items or BORA Shell can be rewarded for playing games or fulfilling small tasks.BORA intends to launch their Ethereum based ERC20 tokens before the end of 2018. We can expect an announcement any day now.Website: https://www.boraecosystem.com/Telegram: https://t.me/boraofficialTwitter: https://twitter.com/bora_ecosystemMedium: https://medium.com/@BORA_EcosystemConcluding remarksAs I see it, the launch of a successful, globally adopted blockchain-based game can be one of the catalysts to take crypto mainstream. In the past few years, games like Fortnite, Red Dead Redemption 2 and League of Legends have managed to attract tens of millions of users worldwide. In the U.S. alone the entire video game market was worth around 18.4 billion dollars in 2017.The year-long cryptocurrency bear trend hasn’t been very good for mass-adoption. Only time will tell if and when the market is strong enough to break out of the downtrend. I think this is an excellent time for everyone (that is in it for the technology) to collaborate and contribute to creating a stronger more mature cryptocurrency market.Disclaimer: This article is not intended as investment advice. You should always do your own research. All the information provided in this article is based on my own personal opinion. Besides a small amount of Ethereum, I do not own any of the other tokens mentioned in the article at the time of writing. During these challenging market conditions, I strongly urge everyone to thoroughly research projects to potentially invest in. If you do decide you want to invest, only invest money you can afford to lose.If you like my content about blockchain and cryptocurrencies, you can give me a follow. I also have an account on Steemit and Twitter. You are welcome to follow me there as well. On my LinkedIn page, you will find a bit more personal information.I hope you have enjoyed this article, and please comment in the allocated section below if you have any further questions.Thank you!LindaCryptoWill the Gaming Industry be the Catalyst to Mainstream Crypto Adoption? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

You Can Now Use A Built-In Ethereum Wallet On Opera’s Blockchain Crypto Browser

You Can Now Use A Built-In Ethereum Wallet On Opera’s Browser The Opera browser has recently announced that Web 3-ready, the new Android web browser created the company. What is so interesting about it, though? The browser will come with a built-in Ethereum wallet. Before the announcement, the Opera for Android browser was already available on Beta. In case you do not know, Web 3.0 will be the decentralized browser created by Opera, which will be a different version from their current centralized “normal” browser. This would make Opera the first mainstream browser company to create decentralized programs. It will support other Ether (ETH) and ERC-20 based tokens, which means most of the altcoins created by Initial Coin Offerings (ICOs). Support for the ERC-721 type, which is used for collectibles like CryptoKitties, will also be supported on the app. You will be able to run Ethereum-based apps on your phone using the technology, too. Charles Hamel, the product manager of Opera Crypto, the division of Opera that deals with the blockchain technology and cryptocurrencies, has affirmed that, before now, you would need several apps to access cryptos and use apps on the Web 3, which made the whole process so difficult that most people did not do it. However, the new browser has removed these limitations. According to him, the new product basically features most of the characteristics that were already seen in the beta version but it is far more polished and approachable to a wider audience as the user interface has been largely improved and has a very less confusing language. Opera first announced that it was creating this software on July 2018. At the time, it only affirmed that it was an Android browser with a built-in crypto wallet. After, it decided to announce synchronization features as well. The Decision To Support Ethereum Opera is clearly supporting Ethereum from all the cryptocurrencies. The argument for siding with the crypto specifically is because it has the largest community of devs behind the apps and it is still pretty popular despite all the problems that Ethereum had in the second quarter of 2018 when it started to be eaten away by the bear market. The API of the Opera crypto wallet will be easily used to be integrated with other software. This way, the developers believe that it can be used as a tool to make transactions online, manage your portfolio, online identity and access information. Krystian Kolondra, executive vice president for browsers at Opera, has affirmed that the main hope of the company is to push cryptos forward from their current place (a very speculative market) and make them actually be used by people in their daily lives. According to him, this is the most important point for cryptos to have a future. The Feeback From Beta Stage According to Hamel, one of the main positive points of the beta stage was all the feedback. Opera used the feedback to ensure that everything would work as planned and that all the dapps would work as they should. The result is that the app is very much compatible with all the programs and is way more stable now, as well as the wallet is considerably more secure. Initially, the technology will be only implemented in the Android app of Opera, which can be acquired at the Google Play store, however, later the company intends to offer the same services for desktop browsers in all the most popular operating systems (Windows, Mac and Linux). iOS app is, however, not the focus, as Opera doesn’t seem to like the fact that they do not have the same freedom to create dapps for iOS. Even with more than 20 years of existence working with browsers, the Opera team struggled to make the dapp work. The blockchain technology is a different thing altogether and the team had one of its biggest challenges so far working with it.
Bitcoin Exchange Guide

Augmentors Augmented Reality Blockchain Game Becomes First dApp Highlighted in Apple’s App Store

Augmentors is a blockchain-based augmented reality game in which different creatures can battle with each other. The game became the first one based on blockchain technology that has been promoted by Apple on its application store. Augmentors works with augmented reality and blockchain technology to allow users to have control over the creatures in the game. The CEO of CivicKey, Vinny Lingham, wrote on Twitter that he is super proud of the team behind this game. First ever blockchain game featured by Apple, and the first ever Shark Tank investment made in Bitcoin! Super proud of the team! #firstinvestor https://t.co/SIDWJWJllQ — Vinny Lingham (@VinnyLingham) December 10, 2018 The virtual currency that works on the Augmentors platform is known as Databits (DTB), which is the 619th largest with a market capitalization of $1.5 million and a price of $0.066. Users in the game can work to enhance the arsenal of their characters and have player-vs-player battles. During the battles users play, they can leverage their attack and defence abilities and improve their characters. This is very important for the game since it has been launched less than 3 months ago for iOS and Android devices. There are many games that are being created on top of blockchain technology. Perhaps the most popular is CryptoKitties that congested the Ethereum network at the end of the last year. The game developer called Arcade Distillery announced hat is working in order to launch a new game for PS4 built on top of the Ethereum (ETH) network. In the future, new blockchain-based games could be released to the market allowing users to own their items and know that they are the owners of the characters they have.
Bitcoin Exchange Guide

Smartphone Integration Boosts Adoption For Brave and Sirin Labs

Cameron Winklevoss, of Gemini fame, is looking for “crypto-native companies” – the startups that wouldn’t be around without crypto, similar to how Amazon couldn’t exist without the internet. Winklevoss said in a tweet he is “excited to see what crypto-native companies build in the coming year,” once the short-timers are weeded out. Among the startups that are betting the farm on decentralization are Brave and Sirin Labs, two brands ushering in the blockchain smartphone era. Brave Browser Makes Its Way Onto The HTC Blockchain Smartphone While Brave doesn’t make the hardware for mobile devices, its software has become to blockchain smartphones what the Chrome browser is to Google’s Android. Taiwan-based smartphone maker HTC has selected Brave as the default browser on its new Exodus crypto-phone, according to Brave Co-Founder and CEO Brendan Eich in a tweet. It’s not an iPhone, but HTC has reportedly shipped 100  million smartphones over the last decade. The Exodus blockchain smartphone is the maiden product from HTC’s decentralized division, delivering dApps like CryptoKitties to smartphone users. Meanwhile, the Brave browser is already known to the crypto community for its ability to block annoying ads and reward content creators with the project’s native cryptocurrency Basic Attention Token (BAT). Brave is reportedly superior to ad-blockers found on Google and Apple’s respective browsers and like the new Internet Explorer is based on Chromium. And while Brave will be the default browser on Exodus, it’s already been downloaded more than 4 million times on other popular devices including iOS, Android and Windows, according to CNET. The new partnership will bolster the visibility of both crypto and the Brave brand, assuming the Exodus takes off. If the competing blockchain smartphone Finney is any indication, it could be a hit. Sirin Labs Battles Negative PR Swiss-based Sirin Labs, which is behind the Finney blockchain smartphone that is shipping thousands of devices this month, is suffering from some bad PR. A Bloomberg story about bankrupt startups, suggests that after raising nearly $160 million for its phone, Sirin Labs would survive no longer than a year and might drop its hardware business in favor of selling software operating system to other device makers. Sirin Labs has since rebuffed that claim, saying it was taken out of context. The shift to software over hardware is a hypothetical scenario that Sirin Labs would only pursue if faced with insufficient sales, which is not the status of the Finney. Sirin Labs CEO Moshe Hogeg set the record straight on Twitter, saying: “I’ve never said we’re pivoting, our distributors’ order book is >100K phones!” To complement that strategy, Sirin Labs is also in talks with other hardware makers to use the Sirin OS, which includes a cold wallet for secure crypto custody. Sirin Labs actually raised 205,000 ETH, which in today’s market is worth approximately $17 million. Hogeg explained how the company has “managed risks” and “sold enough to get through this hard year,” which he believes will usher the company into profitability. If you’re in the market for a new smartphone, the HTC Exodus can be yours for 0.15 BTC or 4.78 ETH. Like much of the crypto market, the Sirin Labs Finney is currently on sale, for $899.   The author is invested in ETH, which is mentioned in this article.   The post Smartphone Integration Boosts Adoption For Brave and Sirin Labs appeared first on Crypto Briefing.
CryptoBriefing

Joseph Lubin Says Ethereum (ETH) Adoption Keeps Growing, Continual Focus on Real Use Cases

Joseph Lubin, the co-founder of Ethereum and ConsenSys co-founder said that Ethereum adoption is growing rapidly. However, there are some numbers and statistics that show that in some areas Ethereum is lagging behind other projects. Mr. Lubin seems to be very positive about Ethereum and its future. He was one of the core developers of Ethereum alongside Vitalik Buterin, perhaps the most known figure behind the Ethereum project. He mentioned that blockchain is not just a market, it is a movement as well. Additionally, he said that market capitalization does not reflect activity and that decentralized networks are also growing. He went on saying that there are 10 billion daily API requests that are served by Infura, 1 million Truffle downloads, 1 million MetaMask downloads and many other things. However, there are also negative things about the network and how it is performing in this competitive cryptocurrency landscape. It is possible to see that the most used dApp on Ethereum is IDEX, a decentralized exchange made with smart contracts, however, it has just 1,500 users around the world. CryptoKitties is one of the most popular decentralized application on the Ethereum network. Indeed, back in December 2017, the number of transactions on the CryptoKitties game congested the whole network, increasing fees and transaction times. However, it only has 400 users. Last year it represented 12 percent of Ethereum’s usage. However, there are other networks in the market that have performed better than Ethereum during the last few weeks. EOS and Tron (TRX) allow developers to deploy new dApps on their networks and run in a similar way as on Ethereum. At the time of writing, PRA CandyBox, an EOS dApp had 5,265 users in the last 24 hours with 14,998 transactions in the last 24 hours. TRONbet, the largest dApp on the Tron network registered 1,669 users in the last 24 hours and more than 1.5 million transactions in the last 24 hours. IDEX is currently under 1,000 users and the number of transactions is close to 8,200 in the last 24 hours. ICOs have also been struggling during the last few months. Ethereum works as a platform to launch virtual currencies, projects and Initial Coin Offerings (ICOs). But it seems that in the future there will be less ICOs launched to the market. During 2017 there was a boom of ICOs and regulatory agencies all over the world started to control the issuance of new tokens in the market. Several of these projects did not grow and some of them went bankrupt. At the time of writing, Ethereum has a market capitalization of $9.3 billion and each ETH coin can be purchased for $90. Earlier this year, each ETH was traded close to $1,400. Several ICO projects had to sell their funds in order to keep operating amid a bear market that affected the whole crypto space.
Bitcoin Exchange Guide

Decentraland (MANA) and Enjin (ENJ) are blazing a trail for crypto-infused gaming and Coinbase just took notice

The gaming industry is a multi-billion-dollar global opportunity for crypto, and we aren’t just talking about CryptoKitties and betting dapps. At the cutting edge of the mash-up of crypto and gaming are crypto projects Decentraland and Enjin. As this story was being written the news broke that both projects’ tokens had been included in Coinbase’s latest clutch of assets it is exploring for possible listing. That’s a major vote of confidence (or a crazy decision on Coinbase’s part, as some of my colleagues here at EWN have suggested) regarding both the strength of their technology offerings and adoption trajectory. [update – MANA has been listed on Coinbase Pro] However, the two projects are very different beasts, as we shall see. For the new breed of crypto investors that places a premium on fundamentals rather than obsessing over speculative price potential, they deserve attention. Decentraland is one of the sector’s strongest projects Decentraland, founded by Argentinian Esteban Ordano, is a decentralised virtual world in which you can buy parcels of LAND sized 10m x 10m. The currency of the world is MANA. It is launching its second LAND auction next week (10 December) and there are only 9,350 parcels up for grabs. Total parcels in the world are capped at 90,000. The first LAND auction saw 34,356 parcels sold for a total of 161 million MANA but 9,331 were not sold. It was in the first auction that the layout of Genesis City was established. The SDK is in alpha release with the full launch happening early next year. Over 161 million MANA was spent on LAND during the first auction, amounting to roughly $30 million at the time (it finished in January 2018). However, after the conclusion of the auction there were still 9,331 LAND parcels left unowned, so now there’s a second chance to join the LAND rush. Binance partnership The project has just done a deal with Binance in which 1,875,000 MANA and one Binance-branded parcel of LAND is available to the lucky winners of the competition the partners are running. Binance Coin (BNB) is one of a growing list of currencies that can be used to purchase LAND in the auction. The latest cryptoasset to join that list is dapp platform Zilliqa’s ZIL token. Dai and MKR are also among the coins accepted in the auction. LAND owners are free to build whatever they want on their land, although the game developers are coding filters so that users can choose not to see what they might consider undesirable content. EWN reached out to Ari Meilich, project lead of the blockchain-powered virtual world, which, unlike Second Life from the earlier days of the internet, cannot be closed down by a centralised owner. “Binance has about 10 million users, and very popular social accounts – so naturally a lot of new people started following and engaging with our project,” says Meilich. “We are currently announcing other major crypto projects to the auction, and the interest continues ramping up.” The web client for non-LAND owners to explore the world launches in the first quarter of 2019. The project raised $25 million in its initial coin offering last year and has attracted investment from Boost VC and UK-based Fabric Ventures. BUIDL and they will come 3D-world coders and artists are excited by the opportunities the platform offers. One of those is Sam Clare who was featured in a BBC Stories video report that is well worth viewing, as is a fly-through of Clare’s work referenced below. “To be honest I haven’t done anything in regards to my Decentraland parcel. I have read up on and gotten myself comfortable with babylon.js [the project’s SDK was originally using Three.js] and will build something when DCL launches,” he told EWN. At the moment, then, Clare is honing his skills in readiness for the launch and it’s another crypto-infused world that has his attention. “I have mainly been developing on my Cryptovoxels [another virtual world on the Ethereum blockchain] parcels as that is live and development for that has been rocketing recently.  I have a fair few parcels. “You can visit my crypto punk shop at www.cryptopunk.shop and one of my galleries at www.samsplace.space. I also built the BLUP parcel, 8bit Nintendo hommage and the Ministry of Smiley Faces.” Clare says he will be holding on to his Decentraland LAND for some time to come or at least until it hits a valuation of 10 million MANA. He bought his parcels for $900. Enjin is on fire Enjin is an altogether different proposition. It is positioning itself as a one-stop shop for game publishers who want to implement blockchain tech and for gaming communities looking to add value to their ecosystems by leveraging the Enjin Network. The Enjin Network has an impressive 20 million users with 250,000 gaming communities onboard. The project has just inked a deal with Titan Flight Studios in which it will be integrating Enjin’s ERC-1155 Ethereum-compliant token into its ReBounce game. EWN asked Simon Kertonegoro, vice president of marketing at Enjin, when gamers would be able to get their hands on the product. “There’s no specific launch target but they’ve advised us that they could complete the integration within a month, that would include the launch of an item sale and the marketing that goes with it.” Titan will use Enjin’s tech to help it roll out what it calls “high-velocity esports games” for other companies. Non-fungible tokens – from ERC-721 to ERC-1155 At the heart of both Decentraland and Enjin is the Ethereum-compliant non-fungible token (NFT) standard ERC-721 that came to prominence with CryptoKitties. The popular ERC-20 token standard is fungible, meaning each unit is the same as another and are therefore interchangeable. Non-fungible tokens are important for gaming because each token is different and as such can be used to identify individual difference. In other words, NFTs are essential for representing unique items, be it CryptoKitties collectibles or other digital items in game worlds. Gamers will immediately appreciate the importance of NFTs, but let’s spell it out for those of you who think Discord is something to do with chaos and not a core part of the growing gaming communities, along with Twitch. In-game purchases and trading is booming In-game purchases are mushrooming as gamers splash out on items used in gameplay –swords, helmets, blasters, outfits… you name it. And it doesn’t end there. There’s also a secondary market in the virtual items, with gamers increasingly looking to trade their items with fellow fans of their favoured game in a niche, if that’s the right word, thought to be worth as much as $50 billion, according to WAX.io. The most expensive virtual item was a virtual planet that sold for $6 million. Skins are one of the most sort-after of virtual items as they change the appearance of characters in entirely unique ways. Add to that the fast-growing eSports space where gamers come together to watch the best-of-breed compete and the opportunity is even more enticing for the crypto disrupters. Keeping track of who owns what, the provenance of a particular item, tracking its value and providing a venue for trading and more, all requires not just a currency but a ledger that records all of the above in real-time. In a nutshell, trading in-game digital assets is difficult and complicated. You guessed it, that’s where crypto comes in. Statista estimates that by 2020 consumers will be spending $32 billion on in-game purchases. Add mobile, PC and console gaming revenues together for 2017 and it comes to a massive $108.4 billion, according to SuperData, and that’s not including virtual reality, augmented reality and eSports. ERC-721 – the best of both worlds with fungible and non-fungible Think about tracking all the individual weapons in World of Warcraft (100,000 of them), for example. Some of them are much like all the others but others will have unique attributes such as strength and health built up over many hours of gameplay etc or a character that has honed. Its skills to by passing through ascending levels of difficulty. From a performance aspect storing all that information on blockchain may not be efficient, especially when it comes to real-time transactions between multiple players. For Decentraland that’s not so much of a problem, at least for the auction. “Unlike our first auction, there’s no bidding in this one, so at most there will be a total of about 9,350 transactions, which at Ethereum’s current throughput (half a million per day, roughly) is more than manageable over the course of a few days,” Meilich explains. Building on the parcels should not pose a performance problem either. It’s a different matter with massively multiplayer gaming. For Enjin ERC-721 was not good enough so they developed their own token standard – ERC-1155 – that encompasses both fungible and non-fungible digital assets. It was developed by co-founder and chief technical officer Witek Radomski, as reported by EWN in July. The standard is taking off says Kertonegoro because of its performance gains: “We have 12 upcoming games that have publicly announced their adoption of our tools after signing up for our early adopter program (EAP). “These games are in development and blockchain is being integrated using our tools, as we speak. We also have many more games that have signed up for our EAP and are getting ready to announce.” Kertonegoro explains that aside from setting up websites, launching a multifaceted wallet and Enjin Beam is QR code airdrop system, the heart of the network is its tools for managing the properties in digital worlds. “ENJ’s core purpose is to be used to create digital assets. It functions as a resource/material that is placed inside ERC-1155 tokens, granting access to our tools. “Most ERC-1155 tokens that currently exist are made using our ecosystem and therefore contain Enjin Coin.” The metrics are impressive: “There are 4,722,968 ENJ currently locked inside items and we haven’t even released our development tools to the public yet,” says Kertonegoro. “Once we release the Unity SDK and our co-marketing campaign alongside Unity goes out to their 4.5 million game developers, we expect to gain a lot more traction,” he adds. It’s a currency too and coming to gift cards soon The Enjin coin has increased in popularity as its utility value grows. “ENJ can also be used as a currency. It is definitely the most used currency when it comes to purchasing ERC-1155 tokens peer-to-peer. If you take a look at any of the following Telegram channels you will see thousands of trades happening with ENJ as the currency of choice. https://t.me/erc1155_collectibles – https://t.me/catsinmechs – https://t.me/warofcrypto – https://t.me/NineLivesArena– https://t.me/cryptofightsgroup etc.” The lesson here is that adoption creates liquidity and that’s how projects will survive and thrive – not by overpromising and then failing to deliver a product. Enticingly, Kertonegoro says ENJ will soon be “a currency of choice on a Gift Card site where users will be able to use BTC, ETH, ENJ, and LTC to purchase gift cards for 200+ companies such as Amazon, Nike, Uber, iTunes, Google Play etc.” “We are also working out a deal to integrate our coin into a crypto payment gateway that will enable any online business to accept ENJ with ease.” Although we should perhaps all stop fixating on token prices, it is worth noting that most altcoins are down 80-90% or more, that’s not the case with either MANA or ENJ. MANA, currently priced at $0.052081, is down 53% against the dollar but 123% higher against BTC and 139% higher against ETH, on a one-year view. The relative stability seen in the MANA price chart is notable. In fact Decentraland is one of only 10 crypto projects that is down less then 85% this year. ENJ is priced at $0.023361 at the time of writing and is 58% lower against the US dollar but 105% up on BTC and 118% up against ETH. No wonder Coinbase is considering listing both of these coins (MANA has just been listed on Coinbase Pro). Game on. ENJUSD and MANAUSD 1-day charts, Binance (source: TradingView) Green line = 50 simple moving average (SMA), Blue 100SMA, Red 200 SMA The post Decentraland (MANA) and Enjin (ENJ) are blazing a trail for crypto-infused gaming and Coinbase just took notice appeared first on Ethereum World News.
Ethereum World News
More news sources

CryptoKitties news by Finrazor

Trending

Hot news

Hot world news

Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
Live Bitcoin News

States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
Bitcoin Exchange Guide

Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
Bitcoin Exchange Guide

Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. pic.twitter.com/7omOs13Z7Q — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
Bitcoin Exchange Guide
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.