Animoca Targets Non-Crypto Gamers by Developing Big Brand Games

The CEO of Animoca Brands, Yat Siu discussed his firm’s strategy of bringing the benefits of blockchain technology to non-crypto-native games with loyal audiences. While investment is heating up in the blockchain gaming sector, a common criticism of crypto-powered games has been how to secure users from outside of the cryptocurrency space. Blockchain gaming powerhouse, Animoca Brands, believes that acquiring mainstream games with loyal players and exposing them to the benefits of blockchain and distributed ledger technology (DLT) is the best way to attract new audiences into crypto. Cointelegraph spoke…

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Flipstarter Campaign Launched to Create Viral BCH Videos for Normies

A crowdfunding campaign raised more than $50,000 in the first two days toward the creation of viral videos promoting Bitcoin Cash. Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the cause. The last video produced by Otto garnered more than 100,000 views across various social platforms. He was also behind a controversial viral video last year showing a Bitcoin double spending exploit of the Binance-backed…

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100,000 Join Cointelegraph’s Blockchain Week Event in China

Cointelegraph’s recent China blockchain event spanned five continents and attracted 100,000 viewers. Around 100,000 people in total attended the 2020 Great Bay Area International Blockchain Week, hosted by Cointelegraph China and Cointelegraph in Shenzhen’s Great Bay district in the first week of August. Guests were divided between those who participated online and offline, according to Cointelegraph China’s report. The conference focused on investment, industry, public chain, trading platforms, mining and other fields. There were 11 round table forums, 26 keynote speeches, and more than 100 top guests sharing industry insights.…

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Venezuela May Soon Be Collecting Taxes in Crypto

Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it. The Bolivarian Council of Mayors in Venezuela signed the so-called “National Tax Harmonization Agreement” for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions. The cryptocurrency is becoming increasingly widely used as the result of a new campaign.  According to the government, the vice president of Venezuela, Delcy Rodríguez, will be in charge of implementing a…

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CoinShares: ‘Bitcoin Is Like a Risky Tech Stock’’

Behaving like a tech stock means Bitcoin carries the same high risk and high reward opportunities as a fledgling startup. Bitcoin acts more like a tech startup stock than digital gold — with investors reaping big rewards if it works but potentially losing everything if the crypto asset fails. That’s the conclusion of an Aug. 10 report from digital asset manager CoinShares titled A Little Bitcoin Goes a Long Way. In it authors James Butterfill and Christopher Bendiksen argue that the fact Bitcoin (BTC) “starting its life at a price…

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How Not To Lose Everything During the Bull Run

Investors can HODL or trade during a Bitcoin bull run, but experts urge them to be skeptical above all else. With sentiment suggesting Bitcoin and the crypto markets are about to go on a bull run, seasoned old timers are warning about the lessons learned from previous rallies.  With Bitcoin correcting 5% in the past day, the Crypto Fear & Greed Index is back to 75. A measure of sentiment that looks at the volatility, market volume and social media activity of digital, a reading of 75 equates to “greed”,…

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Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Yam Finance claims to bring fairness to farming with new elastic supply token. The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch. The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending…

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NEAR Token Sale Postponed After CoinList Is Overwhelmed by Demand

The final token sale for NEAR Protocol was postponed after CoinList exchange was overwhelmed by traffic. The highly anticipated tokensale for decentralized application (DApp) platform NEAR Protocol was postponed by 24 hours after CoinList — the exchange hosting the offering — went down around the scheduled launch time. Originally scheduled for 10 am ET on Aug. 11, the tokensale was postponed by 24 hours after CoinList was deluged by expectant traders. Its Twitter account received a flood of complaints from trader’s who had planned on participating in the offering. Disgruntled…

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DeFi Token Serum Surges 1500% in 12 Hours After Listing

The DeFi boom continues with a new decentralized derivatives exchange token mooning hours after it was launched. The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings. The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain.  Launched less than 12 hours ago…

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IBM Executive Reveals Plans to Help Banks Capitalize on DeFi

IBM could teach banks a thing or two about DeFi. In a Cointelegraph interview, director of IBM financial services and digital assets, Nitin Gaur, shared how the technology company is helping financial institutions to capitalize on the DeFi movement. Gaur — the author of Blockchain for Business — says it is essential that banks understand and embrace DeFi space. Otherwise, he says it could eventually disrupt their entire business model: “I think that the financial institutions should understand it because it has the potential to eventually sort of take over…

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