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Join Our Telegram channel to stay up to date on breaking news coverage BC.GAME is teaming up with its brand new ambassador, Brazilian professional footballer David Luiz , to bring RIO Carnival to the community of crypto casino players. With a whopping $1.2 million prize pool up for grabs and weekly cash prizes, this is a gaming event players won’t want to miss as 2023 starts. For easy access to players, the crypto casino platform has created a dedicated event page accessible here: https://rio.bc.game/ .  RIO Carnival’s $1.2M Prize Pool Event  RIO Carnival grants players the chance to earn RIO coins in order to win shares from the event’s whopping $1.2M prize pool. RIO coins are an exclusive coin minted for the BC.GAME carnival event, and can be primarily earned by making deposits or wagers within the specified period.  Every $1 deposited grants 1 RIO coin. Per the terms and conditions of the event, all deposits must be wagered to obtain the corresponding RIO coins. Earn...

ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators. Ethereum's native token, Ether (ETH), has printed a death cross technical pattern versus Bitcoin (BTC) for the first time since May 2022, suggesting more pain ahead for ETH/BTC in the coming weeks. Previous ETH price death cross preceded 27.5% drop A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis. Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price correction, dropping in parts as investors reduced exposure to altcoins and sought safety in Bitcoin amid the Terra collapse.  ETH/BTC daily price chart. Source: TradingView The latest ETH/BTC death cross could lead to a similar short-term selloff, primarily due to the U.S. Securities and Exchan...

Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry. The United States Securities and Exchange Commission (SEC) has started ramping up its crackdown on the crypto industry and recent enforcement actions had a negative impact on crypto prices last week and at the start of this week.  The SEC is focusing on stablecoin issuers. The most recent SEC stablecoin crackdown was on Feb. 13 through the issuance of a Wells Notice to Paxos Trust Company, the issuer of Binance USD (BUSD). While Paxos denies that BUSD is a security, which would place it outside the SEC’s jurisdiction, some lawyers say the answer is not so simple, which creates fear that other top stablecoin issuers like Circle’s USD Coin (USDC) could be next. The SEC is also putting crosshairs on centralized exchanges (CEX) by questioning how they can use customer funds as qualified custodians. On Feb. 15, a five-member SEC panel w...

Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and dis continue its consumer application. The company stated that the app will officially be dis continue d on March 16, 2023, and app users will continue to have access to all of their assets. Bakkt Consumer App to Sunset, Loyalty Points Still Accessible Through Other Channels Following Bakkt’s pending acquisition of Apex Crypto from Apex Fintech Solutions, the company has announced it is discontinuing its consumer business venture. Bakkt’s consumer platform will shift its focus to provide businesses with crypto and loyalty experiences for their customers through software-as-a-service and application programming interface solutions on a secure and compliant platform. The crypto company refers to this focus as its “business-to-business-to-consumer” strategy. “As we continue to gain traction with our B2B2C strategy, we are laser-focused on providing o...

On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) announced the launch of a new initiative called the “Financial Infrastructure Transformation Program,” which has nine key objectives. One of these objectives is the research and development of a central bank digital currency (CBDC) designed to address both cross-border payments and domestic use cases. United Arab Emirates CBDC Initiative to Address Inefficiencies in Cross-Border Payments and Drive Domestic Innovation The Central Bank of the United Arab Emirates (CBUAE) aims to bolster the region’s financial infrastructure with a new program, the “Financial Infrastructure Transformation Program” (FIT), which includes nine key initiatives. The FIT aligns with the CBUAE’s mission to “enhance monetary and financial stability” through a “robust financial infrastructure” and the adoption of digital technologies. The nine initiatives included in the Financial In...

On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the email platform Sendgrid, a service used by Namecheap for marketing correspondence. Namecheap Confirms Email Account Compromise and Disables Sendgrid Services Multiple reports indicate that Namecheap was breached on Sunday and hackers leveraged the company’s email account through the Sendgrid service. Namecheap CEO Richard Kirkendall confirmed the compromise and said the firm has disabled Sendgrid services. “To be clear, the issue was within a third-party provider that we use to send our newsletter,” Kirkendall tweeted. “None of our own systems or customer accounts were breached. I sent a follow-up email to all affected users. The domains linked in the original phishing emails were also disabled.” According to us...

On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services Committee. McHenry and Huizenga assert that the timing of Bankman-Fried’s charges and arrest raises “serious questions about the SEC’s process and cooperation with the Department of Justice.” House Representatives McHenry and Huizenga Probe SEC Over Timing of Charges and Arrest of Sam Bankman-Fried Following the Securities and Exchange Commission’s (SEC) crackdown on Kraken’s staking services in the United States, House Financial Services chairman Patrick McHenry and Oversight Subcommittee chairman Bill Huizenga said they are investigating the SEC regarding the “timing of the SEC-DOJ action a...

The price of Bitcoin and Ethereum took a downward turn this week, sliding amid reports that Kraken has settled with the US Securities and Exchange Commission and will now not offer its staking-as-a-service product to companies without regulatory approval. Kraken's SEC Settlement: A Warning For Exchanges, Or An Opportunity For Decentralized Alternatives? The outcome of Kraken's settlement with the Securities and Exchange Commission (SEC) has significant implications for the cryptocurrency industry. The SEC disclosed on Thursday that Kraken, a cryptocurrency exchange, will pay a $30 million fine for failing to register its cryptocurrency staking-as-a-service program's offering and sale.  Prior to this announcement, Coinbase CEO Brian Armstrong cautioned on Twitter that he had received information that "the SEC intends to eliminate crypto staking for retail customers in the United States." At first glance, the news of Kraken's settlement with ...

Join Our Telegram channel to stay up to date on breaking news coverage What – Argo blockchain Chief Executive Officer and Interim Chairman Peter Wall steps down from his role in the company’s office Why – Mr. Wall took the bold decision in order to pursue new opportunities What Next – Seif El-Bakly has been appointed as the interim CEO, as Mr. Wall has agreed to remain as an advisor for the firm in the next three months We announced today that CEO @PeterGWall has stepped down as CEO/Chairman. Seif El-Bakly, CFA (COO) has been appointed interim CEO; Matthew Shaw has been appointed Chairman. We thank Peter for his many achievements and wish him every future success.https://t.co/iPxeeXp7c3 — Argo (@ArgoBlockchain) February 9, 2023 According to a statement from the platform, Peter Wall, the Argo Blockchain CEO, and Interim Chairman, has stepped down from his role in the pursuit of new opportunities. His exit comes barely a week after the resig...

Join Our Telegram channel to stay up to date on breaking news coverage Artificial intelligence (AI) passes among the most popular phrases beginning late last year and into 2023, fueled by OpenAI’s successful launch of ChatGPT. With the overall cryptocurrency market cap down 1.14% to $1.059 trillion, AI crypto coins have become a mainstream trend in the cryptocurrency sector, recording significant price surges as investors flood AI assets. The next #AI project to pump is ____ pic.twitter.com/QNP1lc8xls — Crypto Tony (@CryptoTony__) February 7, 2023 Further supporting the case for AI crypto coins, Tron founder Justin Sun recently revealed that his company would begin working on AI. However, before the Tron executive lives up to his commitment, the following is a brief dissection into some of the surging AI crypto coins and the fundamentals around their current bull run. AI Crypto Coins Going Mental in 2023 While the wider cryptocurrency market continues to enjoy ...

Bitcoin rose today, but it decreased steadily. Today’s values are only marginally better than the all-time low hit on Wednesday, when bitcoin dropped by as much as 4.5%. Ethereum also fell with a value lower than yesterday’s high; this decline has been caused by inflationary concerns and uncertainty in China's cryptocurrency market.  However, the reason for its continued decline could be attributed to the increasing threats of hacking as the number of digital currencies has expanded. North Korean hackers have been attacking cryptocurrency exchanges and utilizing phishing schemes to steal digital money for many years. These attacks have become more frequent recently. This was regarded as one of the primary factors contributing to investor confidence and cryptocurrency losses. In their official statements, Fed governors Joshua Rosner, Lael Brainard, and Randal Quarles described the decline in bitcoin prices as a good thing and insisted that central ban...

Shibarium has been making noise in the Shiba Inu community. The launch of Shibarium has been much-awaited, with an expected date still on the horizon. The firm behind Shibarium , Unification , released a blog post citing that the beta testnet is “rapidly moving ever closer.” Unification has now partnered with a freelance cryptocurrency marketplace called WoofWork . The freelance marketplace allows freelance workers to work, hire, and get paid in WOOF, SHIB, ETH, and 100 other cryptocurrencies. Read more: Binance Hosted 55% of Global Spot Trading in January Since FTX Collapse The collaboration is also aimed at integrating Oracle of Oracles (OoO), which will securely power the cryptocurrency payments on WoofWork. WoofWork is also planning to transition to the Shibarium network after the launch, making this partnership even more noteworthy. https://t.co/GuKfMGM5hA ( $WOOF ) is proud to announce our formal collaboration with @UnificationUND. WoofWork ...

Join Our Telegram channel to stay up to date on breaking news coverage Decentralization and globalization have been two flagship concepts since the inception of the cryptocurrency age. With these, Decentralized Autonomous Organizations (DAOs) have become commonplace because of their ability to develop global companies and communities. With the decentralized and autonomous model, the paradigm has shifted, and people are finding work in ways you could never imagine. However, the growing appreciation for this employment method could have severe implications for future job prospects, politics, and procedures. Decentralized Autonomous Organizations – DAOs DAOs are blockchain-based companies operating as cooperatives. They are jointly owned by the members, who work to earn tokens that can then be converted to actual cash. The tokens also play a role in influencing politics and the direction of The DAO through voting. DAOs also facilitate open-source forums for sharing work and ...