Author: Jeremy Ryan

Local Russian media outlets reported on Monday that Bitzlato co-founder Anton Shkurenko was detained in Moscow on Feb. 6 at the request of Interpol. However, according to a Feb. 10 report from CoinDesk, Shkurenko was stopped and detained by the local police for an identity check and released shortly after.Shkurenko said he is not involved in any criminal cases in Russia, while not disclosing details of the investigation:“I hope I convinced the prosecutor of my innocence.” He did not specify the sector of law enforcement that detained him, though he mentioned he signed a contract to appear when and if…

A career in the metaverse involves developing and designing virtual environments and experiences within a virtual world. Creating virtual characters, objects and interactive experiences is one example of this. There are job prospects in software development, content creation and project management in this expanding profession, which includes disciplines, such as game design, 3D modeling, virtual reality (VR) and artificial intelligence.Related: How to learn Web3 development for beginnersBuilding a career in the metaverse requires a combination of technical, creative and business skills. Below are some of the key skills needed to succeed in this field.Skills required to build a career in…

Late last year, Planet IX, the free-to-play and play-to-earn metaverse, unveiled the next step in its evolution with the launch of Mission Control. This exciting new feature became the center of the Planet IX experience, offering players a streamlined way to manage their assets and carry out various in-game tasks. Now however, its success has come with a drawback, it has slowed down the entire Polygon chain. Planet IX started as an NFT-based strategy game where the goal was to bring a fallen planet back to its green-blue glory and uncover its mysteries. The story kept growing into a huge and…

NFT As the NFT market expands, creators and developers are looking for new applications for non-fungible tokens. One of the most recent NFT applications is to stake these tokens to generate passive income. NFT staking is the process of securing NFTs on a platform or protocol in order to gain rewards and other benefits. This enables owners of NFTs to utilize their idle assets without having to sell them. To stake an NFT, all users need is a Web3 wallet; the process is the same as for cryptocurrency. Here are the 5 Best NFT Staking Projects To Explore This Weekend…

In a groundbreaking moment for the NFT industry, a digital collectible featuring Milwaukee Bucks’ power forward Giannis Antetokounmpo has sold for an unprecedented $187,000. The NFT sold for 113.9 ETH in a record-breaking auction on the Sorare NBA platform, surpassing the previous peak NFT sale of Anthony Davis by over $62,000.Sorare NBA, which started in October and has a total trade volume of more than $545 million, is part of a growing trend of athletes using NFTs to connect with fans and make money from their personal brands. While the Giannis Antetokounmpo NFT sale pales in comparison to the athlete’s…

Paxos Trust Company — the New York-based stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is reportedly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that the exact motive behind the probe is currently unclear.An NYDFS spokesperson declined to comment on ongoing investigations but noted that the department is broadly working to protect consumers from risks associated with investing in the cryptocurrency market:“The department is in continuous contact with regulated entities to understand vulnerabilities and risks to consumers and the institutions themselves…

Blockchain Considering the standards of 2022 and all that has happened in the crypto space, layer 1 (“L1s”) can still be said to have had a very interesting and eventful year. Many notable events have taken place in the L1 space over 2022. From Ethereum’s transition from proof-of-work to proof-of-stake in September, to the implosion of the Terra ecosystem in May. New layer 1 were announced, with Aptos launching its mainnet and Sui expected early to do so next year. Notable incumbent, BNB Chain and leading layer-2 (“L2”) solution, Polygon, gained market share in the vacuum left by Terra, while…

Blockchain Crypto-friendly e-commerce giant Shopify has launched a suite of blockchain commerce tools to enhance the user experience of their web3-focused stores hosted by the platform. Announcing the move via Twitter on Feb. 9, Shopify blockchain team designer @ryancreatescopy noted that “we’ve launched some fresh tools to help you buidl tokengating apps for Shopify merchants.” In particular, expanded crypto wallet connect features and “tokengating” application programming interface (API) tools have been highlighted. The latter has been in early access beta access mode since June 2022 and was previously only available to a select number of merchants. With tokegating, all applicable…

NFT Polygon has grown to be a popular option for businesses wishing to enter the Web3 area thanks to its low costs and quick transaction rates, including Reddit, Adidas, Robinhood, and Stripe. The most recent trade data clarifies the recent increase in Polygon NFT trading activity. On February 8, the OpenSea marketplace recorded a trading volume of $11,405,423, which is more than half of the $19,686,429 daily volume of Ethereum. The OpenSea NFT market has reached a 90-day high with this price. The top media and entertainment company in India Shemaroo and Polygon Labs have partnered to create Virtasy.io, an…

NFT Anonymous Twitter account TheNorwegian expressed concerns about Ordinal Punks NFTs, asking, “[is this] the biggest NFT scam of all time?” On Feb. 9, Crypto reported on the rising popularity of Ordinal Punks, covering the sale of three NFTs according to social media posts, including #94, which reportedly sold for 9.5 Bitcoins ($215,800). The novelty of NFTs on the Bitcoin chain and the chain’s provenance seems to be driving demand for these NFTs. However, some are questioning the collection’s legitimacy. What are the concerns with Ordinal Punks? Given that the Bitcoin chain was not originally designed to accommodate NFT functionality,…