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dYdX releases an app: Why haven’t more DeFi protocols followed suit?
Crypto derivatives trading platform dYdX has officially launched an app via Apple’s iOS store, joining just a select number of fellow decentralized finance (DeFi) protocols that have built apps for smartphone adoption. According to Tuesday’s announcement, dYdX’s app is now ready for use, with the project noting that more than 200,000 people had already signed up for the beta before the full launch. The app offers gas-free deposits and trading and will provide the same functionality as the web version. “The app offers the same functionality and unparalleled product experience that are available on our main exchange website with the …
Defi / May 11, 2022
Ready Games will help developers upgrade their games to Web3
Ready Games, provider of developer and creator tools for the Web3 community, will launch a new ecosystem with the goal of incentivizing Web2 game creators to explore and switch to Web3 with minimal development time and cost while distributing games “as normal” through traditional app stores. On Friday, the company announced the launch of the ecosystem that will include the utility token AURA and a set of developer tools, specifically aimed at bringing mobile Web2 games into Web3 in compliance with Apple and Google app stores’ rules. This process took only five days in the ecosystem’s Alpha version, Ready Games …
Nft / May 6, 2022
MetaMask warns Apple users over iCloud phishing attacks
ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks. The security issue for iPhone, Mac and iPad users is related to default device settings which see a user’s seed phrase or “password-encrypted MetaMask vault” stored on the iCloud if the user has enabled automatic backups for their application data. In a Twitter thread posted on Monday, MetaMask noted that users run the risk of losing their funds if their Apple password “isn’t strong enough” and an attacker is able to phish their account credentials. To fix the issue, users can disable …
Blockchain / April 18, 2022
CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies
Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move toward the mass adoption of blockchain technology. One project looking to capitalize on these trends is CEEK VR (CEEK), a entertainment and creator-focused platform aiming to use virtual worlds to connect music artists, athletes and digital content creators with their fans. Data from Cointelegraph Markets Pro and TradingView shows that since trading at a low of $0.289 on March 15, the price of CEEK has gained 123% to hit a daily high …
Adoption / April 9, 2022
13 apps removed after researchers uncover Trojan crypto wallet scheme
Research by cyber security firm ESET has uncovered a “sophisticated scheme” that disseminates Trojan apps disguised as popular cryptocurrency wallets. The malicious scheme targets mobile devices using Android or Apple (iOS) operating systems which become compromised if the user downloads a fake app. According to ESET's research, these malicious apps are distributed through bogus websites, and imitate legitimate crypto wallets, including MetaMask, Coinbase, Trust Wallet, TokenPocket, Bitpie, imToken, and OneKey. The firm also discovered 13 malicious apps impersonating the Jaxx Liberty wallet, available on the Google Play Store. Google has since removed the offending apps, which were installed more than …
Adoption / March 30, 2022
Apple Pay to halt support for Russian banks sanctioned on war in Ukraine
Several Russian banks that were sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay. Russia’s second-largest bank, VTB, as well as other banks like Sovcombank, Otkritie, Novikombank and Promsvyazbank, are on the list of companies sanctioned by the United States, the Bank of Russia confirmed on Friday. Users of debit and credit cards issued by these banks will no longer be able to use Apple Pay and Google Pay, the central bank said in the announcement, adding that contact or contactless payment will still be available in full …
Bitcoin / Feb. 25, 2022
Fidelity analyst: Bitcoin price up-down debate 'mostly noise,' watch network's Apple-esque growth
Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate "mostly noise" While many analysts anticipated BTC's price to fall towards $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it "mostly noise." Bitcoin has been in a choppy trading range for almost a year now, bouncing between 30k and 65k. The up-or-down debate continues to be a favorite hobby for many, but it’s mostly noise. For Bitcoin, the network is what matters. Let's dig deeper. pic.twitter.com/ipWumuRSya — Jurrien …
Bitcoin / Feb. 18, 2022
Upcoming Apple iPhone feature to give merchants a way to accept crypto payments
Apple announced plans to launch Tap to Pay for iPhone, a new feature that effectively turns the smartphone into a point of sale (POS) device for businesses and merchants. So, what’s in it for crypto? The announcement explains that with Tap to Pay, iPhone-owning merchants receive contactless payments by using their mobile devices as a POS machine thanks to the NFC technology. According to Apple, the soon-to-be-launched Tap to Pay feature will extend support to “Apple Pay, contactless credit and debit cards and other digital wallets.” It basically means that, unless Apple places a direct barrier for it, customers who …
Adoption / Feb. 9, 2022
2 key Bitcoin price metrics suggest BTC is primed to reclaim $40,000
Cryptocurrencies had a volatile week after Bitcoin's (BTC) sudden crash to $33,000 on Jan. 24. However, the sharp 9% drop fully recovered within 8 hours after BTC price regained the $36,000 support. On Jan. 26, Bitcoin rallied to $38,960 but it could not sustain the level and corrected by 8.8% in the following 8 hours. When factoring in the recent ups and downs, Bitcoin managed to only gain a meager 1.6% over the past seven days. Even with the considerable price swings, the aggregate futures contracts liquidations were relatively low. Longs (buyers) had $570 million futures terminated, while shorts (sellers) …
Bitcoin / Jan. 31, 2022
Apple stock jumps after CEO reveals it's investing in the Metaverse
Apple's stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space. When asked on Jan. 27 during the call about Apple’s opportunities within the Metaverse, Cook responded “we see a lot of potential in this space and are investing accordingly.” “We're always exploring new and emerging technologies and I've spoken at length about how it's very interesting to us right now.” The Metaverse is an interoperable virtual universe created in part by users, offering socialization, gaming and even live concerts. Although it …
Adoption / Jan. 28, 2022
Nifty News: Mike Tyson loves Solana, Aoki stops show to flaunt NFT, Apple and the 'AR Verse'
Mike Tyson is living the $DREAM Boxing icon Mike Tyson has stepped into the ring this week, after he shared his enthusiasm for Solana and unveiled a partnership with mental health-focused crypto project TheDreamChain ($DREAM). In the first round, Tyson — who previously launched an NFT project on Ethereum via OpenSea last year — tweeted on Jan. 13 that he was a born-again Solana (SOL) proponent while sharing a screenshot of a new NFT he'd snapped up from the Catalina Whale Mixer project. The Solana-based Catalina Whale Mixer NFTs currently have a floor price of 15 SOL ($2,200), and Tyson’s …
Music / Jan. 14, 2022
Meta poaches staff from Microsoft and Apple for Metaverse plans
Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft quoted by the Wall Street Journal, around 100 people have ditched the tech giant’s augmented reality team over the past year to join Meta Platforms. They claim that Meta has been particularly focused on snapping up people who have worked on Microsoft’s HoloLens augmented reality (AR) headsets. According to the WSJ, Linkedin profiles show that more than 70 people who were part of Microsoft’s HoloLens team have left the project over the …
Business / Jan. 12, 2022