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The New York State Department of Financial Services (NYDFS) has announced enhancements to its ability to detect illegal activities with digital currency among the entities its regulates. The new capacities are part of its efforts to keep pace with the industry and respond proactively to the virtual currency market, it said.The NYDFS released a short statement on its new abilities on Feb. 21 that contained no specifics about the “new insider trading and market manipulation risk monitoring tools.” However, the statement promised:“The new enhancements will provide the Department with additional capabilities to detect potential insider trading, market manipulation, and front-running…

NFT NFTs (Non-Fungible Tokens) have received a lot of attention in recent years, thanks to the buzz surrounding multi-million-dollar sales of digital art pieces like Beeple’s “Everydays: The First 5000 Days.” NFTs have enabled the ownership of one-of-a-kind digital assets such as art, music, and other collectibles. In this article, we will look at why NFT investment opportunities in art and collectibles are the way of the future. An NFT is a one-of-a-kind digital asset that signifies ownership of a specific item or piece of content. The NFT’s ownership is recorded on a blockchain, which serves as a public ledger…

Cardano is a proof-of-stake (PoS) platform launched in September 2017 by Ethereum co-founder Charles Hoskinson. In September 2021, Cardano added support for smart contracts, which paved the way for developing decentralized finance (DeFi) and nonfungible token (NFT) applications. NFTs landed on Cardano’s blockchain in 2022, with Cardano’s native cryptocurrency ADA (ADA) utilized to buy and sell them.The deployment of smart contracts on Cardano allowed the creation of NFT marketplaces, including CNFT.IO and Jpg.store. These marketplaces facilitate NFT projects on Cardano in a cost-effective and scalable way, attracting many enthusiasts seeking a user-friendly platform for creators and traders with low-cost transaction…

Blockchain HIVE Blockchain Technologies Ltd. (TSX:HIVE), a publicly-listed crypto mining company, has published a quarterly report for the three-month period ended 31 December 2022, showing a significant decrease in digital currency production revenue of 51.6% year-over-year (YoY) to $14.1 million. HIVE Reports Q4 Financials According to Tuesday’s press release, Ethereum’s ‘The Merge’, prolonged cryptocurrency winter, rising mining difficulty and tumbling crypto prices were among the main reasons for the sharp yearly decrease in quarterly revenue. HIVE was able to mine 787 BTC in the reported period, rising 13% YoY. In January, the publicly-listed miner showed an overall increase in Bitcoin…

Blockchain Blockchain infrastructure company Router Protocol has revealed the devnet of its layer-1 blockchain today. The new blockchain, named Router Chain, is designed to address cross-chain communication issues including security, scalability and decentralization. The L1 solution is built using the Cosmos software development kit (SDK) and relies on Tendermint’s Byzantine Fault Tolerant (BFT) Consensus Algorithm for block finality. Tendermint’s consensus engine prevents malicious attacks as it’s designed so that more than two-thirds of validators have to be in consensus for a block to be mined — meaning that a network would only be compromised if 67% of its validators choose…

The growing GameFi sector has caught the attention of the video game industry, leading many brands to create their own unique blockchain games. However, despite the popularity of these projects, many lack engaging gameplay mechanics and the entertainment value found in successful traditional games. With a focus on high production values, replayability and entertainment, the upcoming blockchain gaming project Undeads aims to bring these much-needed elements to the forefront of the Web3 space. Undeads’ head of community Jan Emil Christiansen will get into more detail about the ambitious gaming project in an AMA on Feb. 22, 3:00 pm UTC.Undeads brings a…

February 22, 2023 – A collective of crypto industry veterans has acquired 0N1 Force, a comic-focused, blue-chip NFT collection. The group, led by blockchain investment firm Old Fashion Research (OFR), acquired the premier NFT collection for an undisclosed fee.Although the founders of 0N1 Force have left the venture, current project leader Henry Finn (Starlordy) will become CEO of the group and existing community moderators will also be retained.“We appreciate 0N1 Force’s creative narratives and its vision in building the comic-focused 0N1 Verse,” said Ling Zhang, Managing Partner of Old Fashion Research. “0N1 Force has a vibrant and supportive community under…

0N1 Force, an anime-themed blue-chip NFT collection, has been acquired by a group of crypto industry veterans. This is according to a press release shared on February 22. The collective is led by Old Fashion Research (OFR), a blockchain investment firm; however, the numbers involved haven’t been disclosed.Following the acquisition, most of the original team behind 0N1 Force is set to leave, except for Henry Finn (Starlordy) and community moderators. Finn is the current project leader and will now take over as the CEO, while community moderators will retain their occupations.Launched in August 2021, 0N1 Force is one of the…

A group of cryptocurrency veterans acquired the comic-focused, blue-chip NFT collection – 0N1 Force. 0N1 Force is among the first anime-themed NFT collections and comprises 7,777 side-profile characters and more than 100 hand-drawn features. According to a press release seen by CryptoPotato, a collective of cryptocurrency industry veterans led by blockchain investment firm Old Fashioned Research (OFR) acquired 0N1 Force for an undisclosed sum. The current project leader – Henry Finn (known as “Starlordy”) – will serve as the group’s CEO since the collection’s founders have previously departed the venture. Ling Zhang – Managing Partner of Old Fashioned Research –…

Blockchain Smartphones could become an integral part of blockchain networks, powering connectivity between smart devices in the Internet of Things (IoT) industry. Nodle is the firm behind a connectivity platform that incentivizes users to become nodes of an IoT network. Making use of the increasing proliferation of smartphones worldwide, the network uses Bluetooth connectivity to rent computing power, storage and Bluetooth capability of devices to broaden the footprint of IoT networks. Nodle CEO Micha Anthenor Benoliel outlined details of the project in an interview with Cointelegraph, which looks to tap into a global network of electronic devices connected through Bluetooth…