Crypto California Club

2023-06-21 18:31:19 GameFi investors are now prioritizing fun factor over money.

While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022.

GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential.

The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as an entry point for numerous first-time investors.

A ChainPlay survey participated by 2428 GameFi investors revealed that 75% of the respondents joined the crypto space solely because of GameFi.

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2023-06-20 10:40:52 Wemix delisting saga continues at South Korean court.

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.

A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.

The Seoul Central District Court ruled on Dec. 7 to justify the decision of the Digital Asset eXchange Alliance (DAXA) to delist WEMIX from major South Korean exchanges, The Korea Herald reported on Thursday.

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2023-06-19 10:20:23 ConsenSys Layer 2 network Linea adds loyalty NFT campaign to drive adoption

ConsenSys-built Layer 2 network Linea is introducing a loyalty NFT campaign to boost activity on its testnet.

The program will reward users with NFTs for performing certain tasks related to using the testnet, according to a blog post. The plan aims to help stress the network and test activities at scale ahead of the network’s mainnet launch expected in the coming months.

The weekly challenges will involve using bridging protocols built on the Linea testnet including Hop Protocol, Celer Network, Multichain and Connext. Bridging refers to the transfer of digital assets across different networks.

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2023-06-18 15:08:45 Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering

Decentralized protocol Affine has raised $5.1 million in a seed funding round led by Jump Crypto and Hack VC and including contributions from Circle Ventures and Coinbase Ventures.

Ethereum and Polygon-based Affine gives users access to diversified yield across decentralized finance (DeFi) platforms. Affine's aim is to address challenges around impairment loss in liquidity providing. Its flagship basket USD Earn offers automated diversification and yield via liquidity management strategies.

“The market is moving to a multi-chain world which only makes participating in DeFi harder," Polygon co-founder JD Kanani said. "Affine is ahead of the curve in helping end users tackle this complexity in a sustainable way.”

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2023-06-14 13:16:00 The pepperoni on the first pizza bought with Bitcoin is worth $6.5M today

It’s been 13 years since programmer Laszlo Hanyecz made the first commercial transaction with Bitcoin on May 22, 2010, buying two supreme pizzas from Papa John’s for a whopping 10,000 BTC, or $266 million at current prices.

That day is known and celebrated as Bitcoin Pizza Day.

“Bitcoin Pizza Day” marks the world’s first transaction for real-world goods using Bitcoin and celebrates the massive rise in the value of the cryptocurrency since then, which was worth only $0.0041 in May 2010 and is now worth over $26,500 at current prices.

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2023-06-12 12:05:47 Renault Korea Introduces “Create Your SM6” NFT Campaign

Renowned automotive brand Renault is once again making headlines in the world of Web3 with its latest NFT campaign, “Create Your SM6.”

This groundbreaking initiative introduces Stable Diffusion, an innovative artificial intelligence (AI) tool that allows participants to generate unique images inspired by Renault’s popular SM6 TCe300 model.

These images are then transformed into exclusive NFTs, creating an interactive experience for the community.

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2023-06-11 11:05:53 Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between the financial services sectors of the two jurisdictions,” according to a press release from the HKMA published yesterday.

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2023-06-10 16:02:01 Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an unparalleled 51.23 trillion.

Data reveals that around 373 exahash per second (EH/s) of hashrate is committed to the Bitcoin blockchain, and the network’s hashpower has been consistently growing.

The most recent difficulty adjustment transpired at block height 792,288 with a 3.4% increase. The difficulty climbed from 49.55 trillion to the present 51.23 trillion after Wednesday’s surge. This is the first time Bitcoin has registered a difficulty above the 50 trillion mark.

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2023-06-09 18:03:28 DIFX is a fully insured crypto exchange that offers you a user-friendly, fast and secure platform to #trade and #hodl your assets.

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2023-06-09 14:01:28 US university gets $20M to create new AI institute

According to a report from a local news publication, Carnegie Mellon University in Pittsburgh, Pennsylvania received the funding for its new AI Institute for Societal Decision Making.

The institute will foster the improvement of AI tools to assist in decision-making procedures in social circumstances, such as natural disasters and public health events. Aarti Singh, a professor at the university’s machine learning department, will serve as the institute’s director.

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