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As ‘Banana’ Telegram Game Rises, CARV Reveals $50 Million Accelerator
CARV Labs will support startups working on the data protocol, with first project—the Telegram game Banana—hitting 10 million players.
CARV, a blockchain data protocol designed for gaming and AI projects, announced Thursday that it is launching a $50 million accelerator program aimed at fostering innovation in decentralized data infrastructure. The initiative, called CARV Labs, will support startups working on projects that could drive mass adoption of CARV's data protocol.
Backed by prominent blockchain venture capital firms including HashKey Capital and Ethereum software firm Consensys, CARV Labs will offer funding, technical support, and industry connections to selected projects. (Disclosure: Consensys is one of 22 investors in an editorially independent Decrypt.)
"Our goal is to enable a decentralized data ecosystem for broader innovation," said CARV co-founder Victor Yu, in a statement. "Building sustainable data infrastructure hinges on creating a dynamic data flywheel, which requires modular infrastructure and a critical mass of high-quality applications post-product market fit." Read More
New Android Malware Posing As Legitimate App Emerging, Stealing Seed Phrases of Crypto Users: Cybersecurity Firm
Crypto wallet owners in Korea should be wary of a new type of mobile malware designed to steal seed phrases, warns the cybersecurity firm McAfee.
A seed phrase is a collection of 12 to 24 random words used to restore access to a crypto wallet.
McAfee researchers note the new malware threat, called SpyAgent, has disguised itself as more than 280 fake apps, posing as services ranging from banking to TV streaming to government and utilities.
The fake apps, which have been operating in Korea since the beginning of the year, scrape user data from texts, contacts and stored images and send the information to remote servers to be scanned for seed phrases.
McAfee blogger Sang Ryol Ryu says the malware spreads through phishing campaigns that utilize texts and social media messages to proliferate malicious links. Read More
US Dollar Is Taking Over the World Thanks to Stablecoins: Report
Survey data shows that stablecoins are inciting net flows into dollar instruments where U.S. dollar banking is unavailable.
Stablecoins are boosting U.S. dollar dominance around the world in countries that otherwise have no access to the currency, according to a new report sponsored by global payment giant Visa.
Authored by Castle Island Ventures and Brevan Howard Digital, the report outlined how stablecoins adoption is rising irrespective of crypto’s market cycles, and gaining adoption as a monetary instrument for reasons unrelated to digital asset trading and speculation.
For example, data from Visa and Allium Labs shows that stablecoin volumes reached $461 billion in August alone (adjusted to weed out inorganic activity from blockchain bots). That’s the third-highest month on record, surpassing any point from the 2021 bull market, despite crypto’s market slump over the past two quarters.
“Even though they are small still, they are extending the reach of the dollar—especially in countries where USD is scarcely available,” wrote Nic Carter, general partner at Castle Island Ventures, to Twitter on Thursday. Read More
Coinbase Wrapped Bitcoin Sparks Pushback from Justin Sun
The TRON founder's connection to WBTC has driven interest in alternatives, and Sun is not a fan.
Coinbase's launch of its wrapped Bitcoin product, cbBTC, has ignited a fierce debate within the industry, with Tron (TRON) founder Justin Sun lambasting the new offering, calling it a "dark day for BTC" and warning of significant risks to decentralized finance.
Speaking with Decrypt, however, a Coinbase spokesperson stood firm on the product's security and reliability. The cbBTC token is available on Ethereum and Coinbase's Base network and can be used in various DeFi platforms.
"cbBTC lacks Proof of Reserve, no audits, and can freeze anyone's balance anytime, Sun stated on Twitter. “Essentially, it's just, ‘Trust me.’” He further argued that a single U.S. government subpoena could lead to the seizure of all associated Bitcoin, mocking cbBTC as "central bank Bitcoin."
Sun's criticism of cbBTC is rooted in recent controversies surrounding wrapped Bitcoin products, particularly involving WBTC (Wrapped Bitcoin), the largest wrapped Bitcoin token and the 15th biggest digital asset by market cap. Last month, BitGo, WBTC's custodian, announced a partnership with Hong Kong-based BiT Global to diversify custody operations and cold storage across multiple jurisdictions for the cryptocurrency. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Exploring the intersection of data, AI and blockchain with Chainbase COO
Chainbase chief operating officer Chris Feng discusses how onchain data is evolving into a new asset class and how AI is reshaping the Web3 ecosystem.
In a recent episode of Cointelegraph’s Hashing It Out podcast, Chris Feng, co-founder and chief operating officer of Chainbase, joins host Elisha Owusu Akyaw to discuss the evolving role of data and artificial intelligence in the blockchain ecosystem. The podcast delved into how these technologies drive new developments within the Web3 space, shedding light on the untapped potential of onchain data as a critical asset for both industries.
Feng explained how onchain data is not just a record of transactions but is becoming a new type of asset class. As Web3 grows, data from blockchains is being leveraged for more than just verifying transactions — it’s also providing valuable insights that fuel innovation.
Feng emphasized the need for robust data infrastructure to support this shift, noting that Chainbase is building an ecosystem where developers can work with high-quality data, driving more precise applications in the Web3 environment. Read More
Eve Frontier’s in-game economy will let players create real cryptos
CCP games says it isn’t a blockchain game; it’s a game that utilizes blockchain.
Eve Online developer and publisher CCP Games officially announced its upcoming massively multiplayer online survival game, Eve Frontier, on Sept. 12.
The game will feature a unique blockchain integration allowing players to create their own self-contained economies in the game with a built-in digital-to-fiat bridge.
This, according to a recent interview with CCP executives, means players will be free to roll their own cryptocurrencies, trade digital assets for real-world commodities and vice-versa.
CCP Games revealed details about the game and its “community-driven and dynamic economy” in a recent blog post.
According to the company, players can “create custom currencies, establish markets, and trade assets, services, and reputation in a truly open environment.” Read More
Zano and Confidential Layer Partner for Secure, Private Cross-Chain Transactions
Zano, the layer one (L1) blockchain, has partnered with the privacy bridge Confidential Layer to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets like ethereum (ETH) or bitcoin (BTC) while adding advanced privacy features.
According to a press release, the partnership offers users the best of both worlds: liquidity and versatile functionalities of public blockchains alongside the rigorous security and privacy of private blockchains.
As previously reported by Bitcoin.com News, Zano’s hard fork in the first half of 2024 made it possible for users and organizations to create confidential assets. The Zano team described the forking event as the first of many protocol-improving steps planned for 2024. Read More
PayPal and Venmo To Offer Support for Ethereum Name Service (ENS) Starting With Users in the US
Two prominent payment platforms are offering their support for Ethereum Name Service (ENS) domains.
In a new thread on the social media platform X, payment giants PayPal and Venmo are now supporting the ENS domain naming service, which allows users to forgo having to use complicated crypto wallet addresses and instead adopt a representative username.
“How does it work? Simply enter your ENS name when sending crypto on PayPal or Venmo, and the platform will automatically resolve it to the correct wallet address. No more copying and pasting long addresses – just seamless, user-friendly transactions.”
According to the service, there will also be a new address book feature that allows users to save and recall the ENS domains they interact with the most. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
