Why Ethereum is still #1 in NFT space
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submitted by /u/citytelegraph [link] [comments]
The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive Raja M. Koduri explained that the company expects its circuit innovations will deliver “1000x better performance per watt” than today’s GPU or SHA256-based […]
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Polkadot’s parachain auctions are bound to be successful and will ensure a decentralized Web3 by connecting different blockchains together.
Head of Research at Fidelity Digital Asset is convinced Bitcoin’s value proposition as a decentralized and censorship-resistant monetary network sets it apart from other cryptocurrencies.
Smooth Love Potion (SLP) is skyrocketing in value just prior to the launch of Season 20 of Axie Infinity, the world’s most popular play-to-earn blockchain game. In a matter of days, the SLP token triples in value. As of February 12, 2022, SLP is now selling for $0.027 with a 24-hour range of.024 -.032. The in-game currency has a market capitalization of $927,503,521 and a trading volume of $1,365,400,410 during the 24-hour period. SLP is now the 102nd largest cryptocurrency by market value. The rally occurs following a significant update to the game’s economy, which removed player benefits for completing key in-game tasks, such as Adventure Mode SLP and Daily Quest SLP. Axie Infinity: How Does It Work? In the world of play-to-earn games, Axie is a well-known title. Its gameplay is inspired by classic games like Pokémon and Tamagotchi. Players can gather, breed, combat, and trade “Axies” in the game. SLP tokens are earned as rewards and can be redeemed for in-game features such as breeding new species. SLP/USD price at $0.028230 in the daily chart | Source: TradingView.com Related Reading | Binamon NFT Game, on the Way to be the Next Axie Infinity on Binance Smart Chain SLP is an ERC-20 token that acts as an in-game currency in Axie Infinity, a popular blockchain-based game. Axie Infinity allows users to collect one-of-a-kind digital creatures called Axies. Axies are NFTs that can be bred, sold, or used against other players in combat. The Axie Infinity game utilizes a multi-token economy and Axie Infinity Shards (AXS) as the ecosystem’s governance token. SLP cryptocurrency is used in-game to support Axie breeding. The Axie Metaverse allows for the buying, selling, exchange of other cryptocurrencies on supported exchanges. How Does Axie Rewards Work? One of the most recent updates to Season 20 appears to be a 56% reduction in the daily supply of SLP tokens. SLP will be removed from daily questing and adventure mode, further increasing the token’s scarcity. SLP/BNB was added as a trading pair on Binance earlier this week, allowing traders to now exchange BNB for SLP on the exchange. When tokens are listed on a major exchange such as Binance, they frequently experience a price increase as the token becomes more accessible to new investors. While Axie Infinity’s SLP has seen significant increases in recent months, it remains well below previous highs. Only seven months ago, the SLP token has been trading at $0.39 per unit. Meanwhile, the game continues to attract an increasing number of players and investors. According to Crypto Records Australia, an Axie Infinity land plot NFT sold for a record-breaking US$2.48 million in November. Related Reading | Philippine Government Requires A Cut In Profits From Popular Games Like Axie Infinity Featured image from Crypto Economy, chart from TradingView.com
A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named Conti as the most active and largest group of hackers by revenue last year. The analysis firm expressed that they have counted for all of it yet, and the figure of stolen money may be even more extensive, rising as high as $1 billion. Related Reading | Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury In a Chainalysis preview report of 2022, the firm has confirmed the rapid growth in ransomware crimes. It explained that its initial estimate (that’s still an underestimate) of $350 million has jumped to $692 million. Chainalysis stated, In fact, despite these numbers, anecdotal evidence, plus the fact that ransomware revenue in the first half of 2021 exceeded that of the first half of 2020, suggests to us that 2021 will eventually be revealed to have been an even bigger year for ransomware. The firm explained that ransomware attacks, pretty much like computer viruses, are dangerous and ever-changing too, so they can easily avoid law enforcement and updated security measures in a system. Ransomware Attacks: 2020 VS 2021 Similarly, the average payout of ransomware rose to $118,000 in 2021, up 26% compared to its previous $88,000 in 2020. The most significant cause behind the higher increase of these numbers per the Chainalysis is a ‘big game hunting strategy. Ransomware strains have been employed in it increasingly to target big corporations for ransomware. The number of most active strains in 2021 also has broken all its previous records with 140 groups that received cryptocurrencies. It is up 21 from 2020’s figure and 61 from 2019. Conti Group Becomes The Biggest Strain Of 2021’s Ransomware Attacks The recorded ransomware payments of 2019 stand at $152 million and only $39 million in 2018. In contrast, the last year’s figure has increased dramatically. As a result, the Russian-based hacker group ‘Conti’ is the biggest strain by revenue, per the Chainalysis. Last year, the Russia-based hacker group Conti became one of the ransomware’s most active and profitable strains. The Conti Group has extorted nearly $200 million from their victims in Bitcoin and Monero. The group uses the ransomware-as-a-service (RaaS) model as the key and believes in sharing its program with affiliates to exchange a fee. Another ransomware strain named ‘DarkSide’ who previously marked the historic attack on U.S Colonial Pipeline, which resulted in petroleum shortage, came in second to Conti. DarkSide asked the company to pay them $5 million in Bitcoin at the hack time. Additionally, it nearly fetched over $75 million through the course of a year in similar hacks. Related Reading | The US Offers A $10M Reward For Information On DarkSide Ransomware Group Chainalysis found Conti to be the only active strain throughout this past year. At the same time, most others “Wavered in and out like a wave going up then down.” Featured image by Pixabay and chart from Tradingview.com
Sorry if this post isn't okay for r/ethereum, if not I can move it to r/ethtrader. I follow this guy TechLead on YouTube, don't really watch most of his stuff, but his latest video was about crypto and he talks about ETH from around 3 minutes. His take is basically that with higher speeds, etc.…
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Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior Ministry of Russia Hits Stolen Credit Cards Market The Ministry of […]
