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Solana's MixMob Launches 'Race-to-Earn' Game Ahead of Airdrop, Saga Phone Perks
MixMob's Racer 1 lets players gamble on races or earn crypto for wins. An airdrop is coming, along with benefits for Solana Saga owners.
Crypto gaming startup MixMob has released its first Solana-based game, Racer 1, a card-driven strategic racing experience where players can bet on matches or play and earn tokens for winning races. The launch comes ahead of plans by MixMob to airdrop tokens to the community.
Racer 1 is a “race-to-earn” game where players can also choose to stake (or lock up) their MXM tokens, according to the game’s litepaper. The game is playable on iOS and Android devices, as well via desktop web browsers and the Solana Saga smartphone.
In the robotic sci-fi world of Racer 1, players can own and race with MixBots, which are represented by Solana NFTs that each have different abilities. While players race, viewers can use the MXM Esports League’s governance token, MXM, to unlock premium items or support their favorite gamers by buying them gifts, for example. Read More
Largest Solana drainer community has over 6K members — Chainalysis
Solana wallet drainer activity has increased in recent months as the price of SOL has skyrocketed, making holders of SOL and Solana-based memecoins more lucrative phishing targets.
One of the largest online communities devoted to just one popular Solana wallet drainer kit has more than 6,000 members, according to blockchain security firm Chainalysis.
Over the last week, several blockchain security firms shared concerns about a growing number of malicious decentralized applications targeting users with Solana-based drainers.
Chainalysis senior intelligence analyst Brian Carter told Cointelegraph that the most successful draining kits are flexible and target various assets using different methods. Read More
A user-friendly lending protocol on the Sui blockchain drives DeFi adoption
Sui Network’s ability to handle high transaction volumes while maintaining low fees has attracted developers and users alike, and it is now home to one of the fastest-growing DeFi apps.
Scallop, a DeFi lending protocol built on Sui, is leveraging the network’s strengths to offer a user-friendly platform for borrowing and lending digital assets.
As blockchain networks grow in popularity and usage, they face increased demands for transaction throughput and efficient resource allocation. Current blockchains often struggle to handle the growing volume of transactions without compromising performance, leading to higher transaction fees, slower transaction speeds, and potential scalability bottlenecks.
Addressing scalability issues is crucial for blockchain to fulfil its potential as a mainstream technology. Scalable blockchains can support a wider range of applications, attract more users, and drive broader adoption across various sectors. One of them is layer-1 blockchain Sui Network, which aims to simplify Web3 onboarding and address the scalability limitations. Read More
Spot Bitcoin ETF vs. self-custody: Is there a conflict?
There is no conflict between spot Bitcoin ETFs and self-custody, and it’s rather a matter of preference, according to execs and analysts from Valkyrie, Jan3 and Bloomberg.
As the crypto community holds its collective breath in anticipation of the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States, Trezor Bitcoin analyst Josef Tětek has argued that such products could take people further from self-custody. However, many industry observers don’t see a direct confrontation between the concept of a spot Bitcoin ETF and self-custody.
A spot Bitcoin ETF is an investment product that tracks the price of BTC by holding Bitcoin and allows investors to buy and sell BTC through a traditional brokerage account. Unlike a Bitcoin ETF — which offers indirect exposure to BTC — self-custodial solutions enable one to own Bitcoin directly, with users taking sole responsibility for holding the private key to access the assets. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all. Read More
Bitcoin ETF: Is It Priced In?
Analysts are split on whether the long-awaited approval of a Bitcoin ETF will halt BTC’s momentum, or pump the cryptocurrency even higher.
With anticipation of an approved spot Bitcoin ETF reaching fever pitch levels in the opening days of 2024, frenzied discourse on the subject has now settled around one question: Is it already priced in?
Some in crypto think the answer’s yes. It’s been over two months of non-stop gains for BTC, fuelled almost entirely by excitement surrounding a Bitcoin ETF’s imminent approval. At this point, with the cryptocurrency at near-double its price in October, how much more juice could possibly be left to squeeze?
But many diehard Bitcoin advocates are emphatic that the event hasn’t been priced in—meaning that, in their opinion, BTC is poised to rocket even further upwards if and when a Bitcoin ETF is approved in coming weeks. Read More
SEC Will Approve Spot Bitcoin ETF to Maintain Regulatory Control Over Crypto Industry, Analyst Says
Investment bank TD Cowen predicts the U.S. Securities and Exchange Commission (SEC) will approve a spot bitcoin exchange-traded funds (ETFs) by the Jan. 10 deadline as a “political necessity.” The bank’s analyst believes that the SEC needs to “cement its role as a crypto regulator before Congress consider broader crypto legislation.”
‘This Is a Political Necessity’
Investment bank TD Cowen’s research team expects the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) by the Jan. 10 deadline, viewing it as a “political necessity.” This date marks the first decision deadline this year; it’s for a spot bitcoin ETF proposal submitted by Cathie Wood’s Ark Invest and 21shares. Read More
Hashing It Out: How to protect your crypto wallet
WalletChat chief technology officer Kevin Larson breaks down crypto wallet security for newbies. He argues that going slow is an underrated yet important strategy for maintaining safety.
In the rapidly evolving world of cryptocurrencies, maintaining wallet security is essential for the average user. From major hacks that use lookalike websites to exploits that have taken advantage of wallet connect software for decentralized finance apps, the risks associated with being actively involved in the cryptocurrency space continue to increase. In Episode 42 of Hashing it Out, Kevin Larson, chief technology officer of WalletChat, explains how users and platforms can ensure better wallet security.
Before building WalletChat — a wallet-to-wallet chat application — Larson worked as a penetration tester probing traditional Web2 security. Since entering the cryptocurrency ecosystem, Larson has applied that knowledge to understanding how Web2 security crosses over to Web3. Asked whether crypto wallet security is at its worst point, Larson said the answer depends on how it’s viewed. He argues that for new users and the risks they face, this is the worst point ever. However, he explains that the security issue is not a crypto-specific problem, as various Web2 platforms are struggling to keep users safe and are mostly the starting point for Web3 hacks.
For the average user, Larson explains that securing a crypto wallet starts from the basics, like keeping seed phrases off cloud storage platforms and using hardware wallets for high net-worth portfolios. Read More
Saga Airdrop Coming Ahead of Blockchain Launch—Here’s Who Is Eligible
Some Polygon, Avalanche, Cosmos, and Celestia users will be included in Saga’s community token airdrop.
Saga—an upcoming blockchain protocol that allows developers to launch their own “chainlets”—has revealed who will be eligible for the planned public airdrop of its SAGA token.
Not to be confused with the Solana Saga phone, Saga is a gaming-focused crypto tech firm that's about to launch its own mainnet. Saga cofounder Jin Kwon shared in a post that while “snapshots” have already been taken to determine most of the general public’s eligibility, aspiring genesis airdrop recipients will be able to participate in a future “Play-to-Airdrop” tournament series.
But first, who’s already entitled to participate? 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.
