OKX chief marketing officer Haider Rafique said the company plans to scale up its wallet services “exponentially” via entrance into India’s developer community. He continued, saying there are currently 200,000 OKX Wallet users in India, which equates to barely 5% of India’s Web3 users.Continue Reading on Coin Telegraph More
In the report, CertiK highlighted that exit scams took around $26 million, flash loan attacks took $6.4 million and exploits took $13.5 million from their victims in August 2023. The cybersecurity firm confirmed that the total losses amounted to over $45 million.Continue Reading on Coin Telegraph More
BitNile Metaverse stated that from midnight, September 1, 2023 through 11:59 pm on September 30, 2023 (all times Eastern), any account, either new or previously active, that has a saved avatar on the Platform will be awarded a gift of 200,000 Nile Tokens for in-world use with social gaming on the Platform, including Roulette and Blackjack, the latter of which has been launched as of September 1, 2023. The Platform anticipates that the reward of 200,000 Nile tokens will be uploaded into each account within 72 hours of confirmation of the saved avatar.The Platform is a rapidly growing virtual world with over 1.4 million engaged users. Launched earlier this year, the Platform introduced social gaming with the launch of roulette, offering users an opportunity to play for fun or real money prizes, and also allows gamers the opportunity to drive on virtual racetracks including the Indianapolis Motor Speedway. BNC also sponsors Ed Carpenter Racing, an NTT INDYCAR SERIES team that will be represented by previous Indianapolis 500 winner Ryan Hunter-Reay and Rinus VeeKay in the BitNile.com Grand Prix of Portland.“BNC is launching this giveaway of 200,000 Nile tokens for use in the social gaming area of the Platform to achieve its goal of introducing the Platform to the widest audience possible and to gain the greatest number of new active memberships through the sponsorship of the Portland Grand Prix. We firmly believe that the BitNile.com Grand Prix of Portland embodies the essence of innovation and technology, mirroring the cutting-edge nature of the metaverse world,” stated Milton “Todd” Ault III, Executive Chairman of Ault Alliance and BNC. “By sponsoring this thrilling event at PIR, we applaud BitNile.com’s passion for technological advancement within their virtual world and for creating an electrifying experience for IndyCar fans both at the track and in the metaverse.”Users can access and explore the early-access version of the Platform and receive updates by visiting https://BitNile.com.Single-day tickets for the BitNile.com Grand Prix of Portland at the PIR, featuring 10 total races from five different series and taking place between September 1 and September 3, 2023, are on sale. Ticket prices start as low as $25 for single-day general admission and $70 for single-day grandstand seats. Three-day tickets remain available for purchase and offer the best value. Fans should visit portlandgp.com to buy tickets for the BitNile.com Grand Prix of Portland weekend.The 2023 BitNile.com Grand Prix of Portland marks the 29th running of this event, adding to the rich history of open-wheel racing in the Rose City. The NTT INDYCAR SERIES headlines the weekend events. This late-season race that could decide and finalize the championship chase. The series points leader after the completion of the past four Portland rounds (2018, 2019, 2021 and 2022) has gone on to claim the NTT INDYCAR SERIES championship. This year’s field will feature returning race winners Scott McLaughlin (2022), Alex Palou (2021) and Will Power (2019). The grid will boast other notable drivers such as 10-year Formula One veteran Romain Grosjean and, including Mr. Power, eight Indianapolis 500 winners, including this year’s winner Josef Newgarden, four-time winner Helio Castroneves, 2008 winner and six-time NTT INDYCAR SERIES champion Scott Dixon, Marcus Ericsson, Ryan Hunter-Reay, Simon Pagenaud and Alexander Rossi.About Ault Alliance, Inc.Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 24w0, Las Vegas, NV 89141; www.Ault.com.About BitNile Metaverse, Inc.Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of BNC, including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile Metaverse also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (WOEN) indirectly; 100% of Zest Labs, Inc. directly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (WTRV).Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements.Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and neither Ault Alliance nor BitNile Metaverse undertake any obligation to update any of these statements publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. In addition to risks relating to the acceptance of the Platform by individuals, competition with much larger companies operating metaverses and BitNile Metaverse’s ability to raise capital, investors should review risk factors, that could affect either or both of the Ault Alliance’s and BitNile Metaverse’s respective businesses and financial results which are included in Ault Alliance’s and BitNile Metaverse’s respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K. All such filings are available at www.sec.gov and on the companies’ websites at www.Ault.com and www.BitNile.net, respectively.View source version on businesswire.com: https://www.businesswire.com/news/home/20230901876131/en/Ault Alliance Investor Contact: [email protected] or 1-888-753-2235BitNile Metaverse Investor Contact: [email protected] or 1-800-762-7293Source: Ault Alliance Inc. More
A press statement on Aug. 31 revealed that the miners are expected to have an estimated hashrate of 820 petahash (PH).The hosting arrangement is part of a more significant deal that could see USBTC managing as many as 310,000 Bitcoin (BTC) miners. These miners would belong to Celsius and other clients like Teslawatt, Foundry USA, Marathon Digital, Decimal Group, and Sphere 3D.In May, USBTC, in collaboration with other partners in the Fahrenheit LLC consortium, won the auction to manage Celsius assets. These assets comprise a lending portfolio and approximately 122,000 mining machines.USBTC will manage the bankrupt lender’s mining division and play a key role in setting up and operating a 100-megawatt Bitcoin mining facility.When Celsius completes its restructuring process, USBTC can enter into operating and service agreements with the newly restructured firm, pending approval from the bankruptcy court.Asher Genoot, the president of USBTC, described the deal as a significant step for the mining industry.In related news, USBTC has finalized its merger with Bitcoin mining company Hut 8 Mining Corp. The merger, initially announced in February, has led to the creation of a new entity, Hut 8 Corp.Meanwhile, Celsius has received court approval to poll its account holders about a new proposal to repay an estimated $2 billion in Bitcoin (BTC) and Ether (ETH) through a new user-owned company.The court has given the green light to the disclosure statement related to the joint reorganization plan, confirming that it meets the required standards.This article was originally published on Crypto.news More
“There are lots of very smart people in the government working really hard on [crypto] policy, so I’m really confident that we’ll get there in the end,” said Rose, speaking to Cointelegraph at the Intersekt Fintech conference in Melbourne, Australia on Aug. 31. Continue Reading on Coin Telegraph More
In early August 2023, wildfires broke out on the Hawaiian island of Maui, causing massive property and personal losses as more than 2,500 acres were burned. The Rock and Oprah launched the People’s Fund of Maui to provide direct financial support to those affected by the calamity.Continue Reading on Coin Telegraph More
A death cross occurs when a short-term moving average, typically the 50-day moving average, crosses below a long-term moving average, usually the 200-day moving average. This crossover is often interpreted as a bearish signal that could indicate a substantial drop in the asset’s price. Conversely, a golden cross, where the short-term moving average crosses above the long-term moving average, is considered a bullish signal.Source: As of now, Ethereum is trading at $1,705.09, and the looming death cross has many investors on edge. The price has been fluctuating, and the market is watching closely to see if the death cross will indeed occur. If it does, it could potentially lead to a sell-off, further driving down the price of .While the death cross is a significant technical indicator, it is crucial to remember that it is not a guaranteed predictor of market behavior. There have been instances where a death cross was followed by a period of stability or even a slight uptick in price. Therefore, while it is a tool that can aid in decision-making, it should not be the sole factor considered when evaluating an asset’s potential future performance.Source: The price of Cardano has been struggling for a while, but the recent break in RSI divergence seemed to have given it a much-needed boost. However, the current price of $0.265 suggests that the market is still not entirely convinced of Cardano’s potential. The lack of significant volume accompanying this price increase raises questions about the sustainability of this upward movement.The RSI divergence break is generally a strong bullish signal, but in Cardano’s case, it appears to be more of a blip than a trend. The lack of conviction among investors is evident from the trading volume, which has not shown a significant increase. This tepid response from the market makes the current upward movement a questionable trend continuation.The recent price action of Dogecoin is intriguing, to say the least. While many expected the meme coin to lose steam after the initial euphoria surrounding the Grayscale v. SEC decision subsided, DOGE has managed to hold its ground. This could be attributed to improving market sentiment that is buoying the coin beyond its usual speculative nature.The Grayscale v. SEC decision had a significant impact on the crypto market, driving up prices across the board. While the initial excitement has cooled off, leading to a consolidation phase for many cryptocurrencies, Dogecoin seems to be an exception. Its sustained growth suggests that the coin has more going for it than just short-term speculative interest.This article was originally published on U.Today More
The aim is to enhance the wallet functionalities and accessibility across multiple networks, enhancing user experience.The Giddy smart wallet aims to provide its users with an easy retail experience, allowing them to access decentralized finance (defi) earning opportunities. The project initially launched on Polygon.In a press release shared exclusively with crypto.news, this expansion will set the course for future expansions into EVM-compatible laye-1 and layer-2 platforms. Specifically, the wallet provider aims to integrate Arbitrum, Base, BNB Chain, and many more, in the future. There are also solid plans to list Bitcoin.With this, users can buy multiple coins using fiat straight from the Giddy wallet. At the same time, they can swap tokens, buy items of supported brands from 150 countries, and send assets.Giddy wallet has a unique private key technology that splits the recovery phrases into three parts for security.The first is a user-generated password, the second is their personal hardware or mobile device, and the third is a social login like Google (NASDAQ:GOOGL) Gmail or Apple (NASDAQ:AAPL) ID. Each component alone doesn’t pose a major risk, minimizing the chance of compromise. If any part is lost, users can recover their wallet and funds, and they have the flexibility to export their private keys to a destination of their choice.Eric Parker, the CEO and co-founder of Giddy, said their private key management solution is a “ game changer among crypto wallets” and will simplify user experience since the technology “breaks down the private key into multiple factors owned by the user”, empowering them as a result.Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.This article was originally published on Crypto.news More
