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Sports Illustrated Embraces Ethereum for NFT Event Tickets
Box Office will expand the secondary ticket marketplace SI Tickets to support smaller events.
Sports Illustrated Tickets (SI Tickets) today announced Box Office, a new NFT ticketing platform built on Polygon, an Ethereum scaling network. The move marks the storied sports media brand's entry into primary ticket sales alongside its SI Tickets secondary marketplace that launched in 2021.
Box Office is now part of SI Tickets, the online marketplace that resells tickets to major events across sports, concerts, and theatre. SI Tickets is a division of the overall Sports Illustrated magazine and media brand.
Instead of catering to the biggest events in sports and music, Box Office welcomes ticket listings from smaller community events that typically might otherwise appear on ticketing sites such as Eventbrite or DICE.
“We're not here to compete against Ticketmaster, SeatGeek, or AXS. We're going after the self-service event market,” SI Tickets CEO David Lane told Decrypt.
“We’re trying to create the first mass-market adoption of NFT ticketing,” he continued, “so that everyone from a 15-year-old to a 90-year-old can buy their first NFT ticket without having to go through a crypto tutorial on blockchain, or have to get a wallet and understand any aspects of it.” Read More
The U.K. Emerges As Solid Bet For Crypto Innovation & Growth
The U.K. is fast emerging as one of the world’s leading crypto hubs, owing to a combination of its thriving startup ecosystem, strong financial infrastructure, and solid support from policymakers.
The momentum around the U.K.’s crypto scene is growing rapidly. In a recent study by Recap, London was singled out as one of the world’s best cities for doing business in crypto. Recap’s conclusion was based on eight key data points that all pointed to London as being one of the most enticing locations for crypto startups and businesses.
As Recap notes, the widespread adoption of crypto is predicated on a number of conditions, including friendly regulations and a proper infrastructure to build on. London has both, and together they ensure easy access to the crypto ecosystem for public funding. Recap’s research also found that London scored highly in other key metrics, such as taxes, jobs, ATMs, and crypto events, coming in ahead of other cities that are perceived as being crypto-friendly, such as Dubai, Paris, New York, Hong Kong, which was previously ranked number one but has since dropped to seventh place.
London’s claim to be one of the best cities for crypto startups will likely please the U.K.’s new Prime Minister Rishi Sunak, who last year spelt out a vision that will ensure the country’s financial services industry “is always at the forefront of technology and innovation”. While Sunak hasn’t had an awful lot of time to build on that vision, he’s certainly on track to fulfil it. Read More
ChatGPT and AI the newest vector for malware: Meta security team
Security researchers at Meta said that “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.”
Artificial intelligence tools such as ChatGPT have become the latest way for “bad actors” to distribute malware, scams and spam, research from Meta’s security team warns.
A May 1 research report from Facebook parent Meta’s security team found 10 malware families posing as ChatGPT and similar artificial intelligence tools in March, some of which were found in various browser extensions, noting:
“Since March alone, our security analysts have found around 10 malware families posing as ChatGPT and similar tools to compromise accounts across the internet.”
Meta explained that these “bad actors” — malware operators, scammers, spammers and the like — have moved to AI because it’s the “latest wave” of what is capturing “people’s imagination and excitement.” Read More
Google DeepMind CEO Demis Hassabis says we may have AGI ‘in the next few years’
The CEO of Google DeepMind says human-level AI could emerge before 2033 — an event that could radically alter how crypto trading bots and GPT-based tech functions.
Demis Hassabis, the CEO of Google DeepMind, recently predicted that artificial intelligence (AI) systems would reach human-level cognition somewhere between “the next few years” and “maybe within a decade.”
Hassabis, who got his start in the gaming industry, co-founded Google DeepMind (formerly DeepMind Technologies), the company known for developing the AlphaGo AI system responsible for beating the world’s top human Go players.
In a recent interview conducted during The Wall Street Journal’s Future of Everything festival, Hassabis told interviewer Chris Mims he believes the arrival of machines with human-level cognition is imminent:
“The progress in the last few years has been pretty incredible. I don’t see any reason why that progress is going to slow down. I think it may even accelerate. So I think we could be just a few years, maybe within a decade away.” Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
Flare integrates blockchain API on Google Cloud Marketplace
Google Cloud Marketplace adds support for nine different blockchain APIs, including Bitcoin and Ethereum, through integration with layer-1 Oracle network Flare.
Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its application programming interface (API) portal on Google Cloud Marketplace, onboarding a number of significant blockchain APIs to the ecosystem.
The integration of Google Cloud Marketplace will provide high-integrity blockchain data from Flare nodes and connected chain nodes to a large pool of developers and users of the software products and services platform. This includes blockchain APIs for Algorand, BNB Smart Chain, Bitcoin, Dogecoin, Ethereum, Flare, Litecoin, Songbird, XRP ledger and future-supported blockchain APIs.
Blockchain APIs are touted to free developers from having to run their own nodes for the respective blockchains they are interacting with. The data supplied powers applications that execute transactions and query the latest state of a blockchain by calling up on-chain data.
Flare highlights blockchain APIs as valuable for building cross-chain applications that query various data sources, including major cryptocurrency exchanges and wallets that use its API portal. Read More
Crypto Hacks and Scams on the Rise
Crypto security and auditing company CertiK reported a total loss of $103.7 million due to vulnerabilities, frauds, and hacks in the month of April. Because of this, the overall loss for the year amounts to 429.7 million dollars. The month was particularly marked by major hacks, including the theft of $22 million from a hot wallet exploit at the Bitrue exchange, which resulted in a loss of $22 million; the hack of South Korea's GDAC exchange, which resulted in a loss of $13 million; and the theft of $25.4 million due to an exploit of several MEV trading bots on April 3.
According to reports from CertiK, the overall losses incurred by crypto and DeFi exploits throughout the month amounted to $74.5 million. This is about half of the total $145 million that was exploited during the first four months of the year. assaults against flash loans were also common, resulting in losses of around $20 million. Yearn Finance was the primary victim of these assaults, which occurred when a hacker exploited an outdated smart contract on April 13.
In April, exit scams were another factor that contributed to the large amount of money lost, which was $9.4 million. The most successful exit scam for the month was perpetrated by Merlin DEX, which resulted in a loss of $2.7 million. Considering that the protocol had been audited by CertiK, which had previously warned about centralization problems, this was an especially worrying development. Read More
Examining global successes and challenges in regulating crypto: Report
Crypto regulation remains controversial, with different governments taking different approaches, but growing adoption will likely lead to more clarity.
The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.
The Cointelegraph Research Blockchain Regulation Database provides an overview of the legal landscape surrounding blockchain and cryptocurrency worldwide as well as the regulations that apply to various activities. Through its user-friendly interface, the database provides information on matters such as the legal status of crypto in multiple jurisdictions, the latest news and updates, and compliance assistance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism requirements. It’s updated weekly and reviewed monthly for perfect data accuracy, meaning it can be a helpful tool for those involved in the crypto space.
The regulatory landscape for crypto varies widely across the globe. Countries like Japan and Switzerland have established clear rules around cryptocurrencies. Japan has been recognized as “well developed” and an “early mover” in crypto regulation, while Switzerland updated its Financial Market Supervisory Authority AML ordinance in November 2022 to prevent large payments from being split to avoid identity checks. Read More
How to mitigate the security risks associated with crypto payments
Due to its decentralized and distributed structure, blockchain technology is intended to be secure and resistant to attacks. However, it is not completely immune to attacks, and many different types of blockchain attacks have been identified, including 51% attacks, double-spend attacks, sybil attacks and DDoS attacks.
A 51% attack is one of the most frequent styles of blockchain attacks. In this attack, an attacker has control over more than 50% of the computational power of the blockchain network, giving them the ability to alter transactions and add fake transactions to existing blocks.
A double-spend attack is another form of blockchain assault where an attacker manipulates the consensus mechanism of the blockchain network to spend the same coin twice. Smaller blockchain networks with fewer nodes are more likely to experience this assault, making them more susceptible to manipulation.
Another typical form of blockchain attack is known as a Sybil attack, in which the attacker sets up numerous fictitious identities or nodes in order to take over the network. The blockchain’s history can then be changed by using these false identities to control transactions. 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.
