Bitstory

31/07/2022

How Instagram NFTs will create new marketing opportunities

31/07/2022

Hong Kong university to inaugurate mixed reality classroom in Metaverse
By building MetaHKUST, the institution plans to create a learning environment that virtually connects the two campuses — in Hong Kong and Guangzhou.

By virtually connecting multiple campuses, HKUST hopes to help students overcome geographical constraints when attending classes.

30/07/2022

How NFTs can boost fan engagement in the sports industry

30/07/2022

price ‘cup and handle’ pattern hints at potential breakout versus Bitcoin

Ether has printed a classic bullish reversal pattern against Bitcoin weeks before the Merge launch date.

30/07/2022

risks escalate as Celsius confirms client emails leaked

It is not the first time Celsius' customer emails have been exploited and leaked online.
Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data has been leaked in a third-party data breach.
On July 26, sent an email to its customers informing them that a list of their emails had been leaked by an employee of one of its business data management and messaging vendors.
According to Celsius, the breach came from an engineer at the Customer.io messaging platform who leaked the data to a third-party bad actor.
“We were recently informed by our vendor Customer.io that one of their employees accessed a list of Celsius client email addresses,” said Celsius in its email to customers. The data breach is part of the same incursion that leaked customer email addresses in June.

Celsius vendor Customer.io has revealed that Celsius users were also impacted in the same data breach that leaked OpenSea customer email data in June.

29/07/2022

29/07/2022

The GameFi industry holds massive potential for growth within the next six years, according to a recent report.
A recent report from Absolute Reports projects massive growth for the GameFi industry within the next six years.
The research has the play-to-earn nonfungible token (NFT) game industry with an estimated value of $2.8 billion within the time span from 2022–2028. Moreover, the compound annual growth rate of the industry is 20.4% in the same six-year period.
This forecast comes in the midst of a raging crypto bear market, which leaves little room for projects and industries with no substance. The report highlights the leaders in this field of play-to-earn game development which include Sky Mavis, Dapper Labs, , Immutable and The .
Furthermore, it breaks down GameFi by type, console and market region.
Though it’s not only the report which points to a favorable future for the gaming industry, as research from Cointelegraph also highlights interest from venture capitalist investors during the down season. For example, Animoca Brands recently acquired three companies within the GameFi space.

Another analysis shows an uptick in users of blockchain-based games despite market conditions. Both WAX and Binance Smart Chain saw steady community numbers with 2.94 million and 2.49 million users.

During market downturns, projects that remain carry with them a level of apparent utility. Blockchain-based games are a simple, accessible, and engaging way for this to be seen. It is for this reason that gaming has always acted as a gateway for new users to interact with the crypto space.

However, as Web3 continues its development, experts highlight that GameFi will need to adapt as well. In a recent conversation with the founders of Crypto Raiders, they urged developers to prioritize fun over “financialization” when continuing to develop platforms.

During market downturns, projects that remain carry with them a level of apparent utility.

29/07/2022

Condense to live stream IRL events into the Metaverse

29/07/2022

Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team.

Linda Jeng will be the CCI’s chief global regulatory officer and general counsel, while Brett Quick will join as the council's head of government affairs for North America.

29/07/2022

Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
https://cointelegraph.com/news/texas-a-bitcoin-hot-spot-even-as-heat-waves-affect-crypto-miners

Bitcoin miners are still looking to set up operations in Texas despite recent heat waves, but more sustainable techniques may help improve circumstances moving forward.

29/07/2022

Tron producer Donald Kushner creates Web3-inspired Cryptosaurs NFT collection
"NFTs can aid in the documentation of the creator community through smart contracts," said Kushner.

The venture is all about "enabling equitable participation in the content’s story world and its derivatives," says Kushner.

29/07/2022

Experts yet to explain massive spike in ETH active addresses
The sudden dramatic spike in active addresses on the network has left many guessing about the cause.

The number of active addresses on the Ethereum network suddenly spiked far past the previous high for that metric set in 2018, with experts sharing some of their working theories behind its rise.

29/07/2022

Japan’s crypto groups call for end of taxing paper gains
Danny Talwar from crypto tax platform Koinly said Japan’s regulatory environment makes it difficult for businesses and individual investors to hold digital assets in Japan.

The crypto groups will reportedly submit the proposal to Japan’s financial regulator this week calling for various crypto tax cuts.

29/07/2022

Crypto mining still profitable in the long-term, expert says
Steve Bassi said that a long-term holder may do well mining in the short run and then selling when the block reward goes down in 2024.

Steve Bassi highlighted that mining hardware depreciates in about three to five years, with some miner parts needing replacement.

29/07/2022

Play-to-earn mania has cooled, but this new game spots a big opportunity

In the depths of the crypto winter, the world of play-to-earn games is changing. This project says it offers the sustainable, enjoyable experience that gamers are looking for.

In the depths of the crypto winter, the world of play-to-earn games is changing. This project says it offers the sustainable, enjoyable experience that gamers are looking for