Press play to hear a narrated version of this story, presented by AudioHopper. Why gaming? Imagine someone who plays a video game for two hours everyday, spending hundreds on in-game content. Eventually, they stop playing for one reason or another, but still have everything that they bought. With crypto technology, they could sell their in-game items, receive crypto for it, and use it to pay their bills. Play-to-earn games are becoming increasingly popular in the crypto industry. The most popular example is Vietnamese game Axie Infinity (AXS). The game is somewhat similar to Pokémon, you collect “Axies” and battle other players for rewards. AXS is an Ethereum based token that…
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Privacy in Crypto
What makes projects like Monero and Zcash different from other networks?
The controversy around these tokens Not everyone loves the idea of totally private transactions. Private crypto networks can be tools for criminals, money launderers, or darknet users to transfer funds anonymously. This Slate article from November about Monero is titled “The Bitcoin Competitor Beloved by the Alt-Right and Criminals”. Using networks like Monero is giving these types of groups complete anonymity. Naturally, governments are going to be mad at people making large anonymous transactions, it allows them to avoid taxes and commit crimes. In September of 2020, the IRS offered up to $625k for anyone who was able to crack the Monero network. The issue is, even if they find…
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Two Important Coins to Watch for 2022
BNB and MATIC look to make big strides in 2022
The potential for crypto in 2022 is higher than it’s ever been. All signs point towards continued adoption throughout the year. Russia passing crypto-friendly legislation will place pressure on other countries to do the same. Companies like Walmart and Tesla are going to continue adoption of digital assets into their business’. Bitcoin, for the foreseeable future, still reigns supreme with its $826 billion market cap and continued accumulation from large companies and countries. Just because Bitcoin is still the most popular, doesn’t mean that there isn’t value investing in other assets. During 2022 we saw many tokens make parabolic leaps in price during the bull runs. Very few in crypto…
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Alleged Rapper Razzlekhan ‘The Crocodile of Wall Street’ and Her Husband Arrested for the Theft of Over $3 Billion in Bitcoin
Solen crypto seized linked directly to 2016 Bitfinex hack
Wow Heather Morgan, Forbes contributor and rapper, and her husband Ilya Lichtenstein were arrested on Tuesday in Manhattan. The couple had in their possession roughly $3.6 billion in Bitcoin, which was hacked from Hong Kong exchange Bitfinex in 2016. The Justice Department reports that this seizure of crypto is its largest financial seizure to date. The charges going against the couple are conspiracy to launder money, and conspiracy to defraud the US. It is still unclear if they were the ones who orchestrated the hack. The couple allegedly laundered the money through a series of crypto wallets and transactions, and up until recently did a good job of it, they…
