Author: Cnet.com
Looking to buy bitcoin, ether or other cryptocurrencies? Here’s what to know. During and after this year’s Super Bowl, cryptocurrency ads have flooded TV screens. And with bitcoin attracting the attention of finance, art, seemingly-unrelated businesses and politicians and regulators, investors are also looking for ways to get in on the action. If all this made you interested in buying bitcoin or any other cryptocurrency, take some time to learn the ropes first. The industry is complex, and you can lose money fast. Though in recent years it’s become much easier to invest in the industry, the long-term utility of bitcoin and its cohort of virtual tokens remains…
As the industry reconsiders digital ownership, gamers are eyeing the line between playing to earn and playing for fun. It has all the hallmarks of a Pokemon game. You collect cartoonish creatures and use them to battle against other players. Some are rarer than others, inspiring envy in fellow trainers. But this game doesn’t run on a Nintendo console. It’s built on a blockchain. In Axie Infinity, players put their team of Axies against an opposing player’s team. Each Axie is represented by lines of code in a game and doubles as an NFT, a nonfungible token that represent ownership. Winning…
Signal, an encrypted communications app, has let users send the cryptocurrency MobileCoin to other users around the globe for months. The company released the feature, still in beta, to users in November without any notification. “MobileCoin’s technology is encryption for blockchain commerce,” MobileCoin CEO and founder Joshua Goldbard said. “Just like e-commerce required the development of SSL, blockchain commerce requires end-to-end encryption of the ledger. MobileCoin is the solution that protects consumer and business financial privacy.” “Information about the transaction is private: Sender, receiver, amount transferred, and message are all unknown to Signal,” according to Signal. Signal users must opt into the beta…
The above ape with the striped T-shirt? That belongs to Jimmy Fallon’. He’s the most recent celebrity to join the Bored Ape Yacht Club (BAYC), a collection of 10,000 NFTs that acts as both an avatar and a ticket to an online social club. If you spend any amount of time online, particularly Twitter, you’ve probably already seen a Bored Ape Yacht Club. Other than Fallon, DJ Khaled, Steph Curry and Post Malone are among those who own a Bored Ape NFT and use it as their profile photo on social media. One of the most successful collections in the…
The chief of the cryptocurrency exchange offered an investment but really wanted to eliminate a competitor, according to the lawsuit. The CEO of Coinbase stole the work of a blockchain startup for a rival project under the guise of a potential investment, according to a lawsuit alleging the cryptocurrency exchange committed fraud. Coinbase CEO Brian Armstrong was designing a platform for publishing academic research that used tradable tokens when he learned of a similar platform called Knowledgr, according to a complaint filed Friday in California by MouseBelt Labs, a blockchain accelerator that had already invested money and work in Knowledgr. Like Knowledgr,…