Blockchain-based online poker platform CoinPoker launched the biggest crypto poker tournament of the year on May 5th – the CSOP Plus (CSOP+). With an incredible total guaranteed prize pool of Million, this tournament promises to be a thrilling and lucrative event for MTT players. CSOP+ Crypto Poker Tournament Series The May tournament series, known […]
Bitcoin News
Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive
Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai.
Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol.
Polkadot Unveils JAM Upgrade
According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability.
The parachains service within JAM will support existing Substrate-based parachains, enabling developers to continue using Substrate to develop and deploy their blockchains.
Notably, these services will have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits for increased capacity.
JAM’s design includes several technical improvements. It replaces WebAssembly with the Polkadot Virtual Machine based on the RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors.
It also introduces SAFROLE, a SNARK-based block production algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network.
On The Path To Decentralization?
To realize the vision of “a truly decentralized protocol,” Polkadot aims to support multiple client implementations. Furthermore, the JAM Implementer’s prize has been established to incentivize and fund projects contributing to the development of JAM implementations. The announcement further reads on the matter:
We believe that supporting a range of implementations in various programming languages will strengthen the ecosystem’s foundation. It distributes the power of protocol implementers more widely and reduces the risk of a bug in one implementation taking down the entire network.
The JAM Implementer’s Prize will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include Decentralized Futures, Grants, and Polkadot’s on-chain treasury.
The prize will be activated when JAM is ratified as a Polkadot technology through the network’s on-chain governance mechanism.
Overall, Gavin Wood’s introduction of the JAM upgrade and the associated 10 Million DOT prize reflects Polkadot’s intention to increase the protocol’s use and adoption. JAM’s modular design and incentives for multi-client implementations are also expected to contribute to ongoing efforts to decentralize the Polkadot network.
As JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments.
Despite the recent announcement, the network’s native token, DOT, has been unable to break the downtrend witnessed over the past month. Currently trading at .75, it reflects a significant 24% decline in price over the last 30 days.
Featured image from Shutterstock, chart from TradingView.com
Bitcoin Halving Countdown Contest – $1000 Grand Prize
As the cryptocurrency community counts down to the 4th Bitcoin halving, expected to take place between April 18 to April 22, Bitcoin.com is launching an exciting new contest to bring attention to and educate about this critical moment in Bitcoin’s history. 00 giveaway Bitcoin.com is thrilled to announce the Bitcoin Halving Countdown Contest. Anyone who […]
Bitcoin News
House of Streams Presents First-Ever Live Interactive Reality Show With Bitcoin Prize, Global Streamers, and Live Fan Engagement Set to Redefine Reality TV
PRESS RELEASE. MALTA – March 28th, 2024 – At the forefront of entertainment innovation, Stream House Media Productions™, at https://www.shrimp.co/, announces the release date for its reality docuseries, slated to premiere in the spring of 2024. This production marks a one-of-a-kind venture, bringing together eight globally recognized streaming content creators for an unprecedented month of […]
Bitcoin News
Nobel Prize Winner Robert Shiller Warns Confiscating $300B in Russian Assets Might Cause a ‘Cataclysm’ for the Dollar System
Nobel Prize winning economist Robert Shiller has warned against the effects that the confiscation of Russian assets in Western countries might have on the stability of the dollar-dominated financial system. According to Shiller, a move of this kind might cause a cataclysm, opening the doors for countries that use the dollar as a reserve currency to move their treasuries to other currencies.
Robert Shiller Fears Cataclysmic Events
The confiscation of Russian assets frozen by Western countries due to sanctions following the Russia-Ukraine conflict might trigger a chain of events that would affect the strength of the U.S. dollar-led financial system. This is the opinion of Robert Shiller, winner of the 2013 Nobel Prize in Economic Sciences, who is openly inviting the Biden administration to ponder more carefully about the results of such a measure.
In a recent interview offered to the Italian newspaper La Repubblica, Shiller declared that other nations might assume that if the U.S. does this with Russia, it can do it with any other country, weakening its position in the world economy.
Shiller explained:
This will destroy the halo of security that surrounds the dollar and will be the first step towards de-dollarization, which many are increasingly confidently leaning toward, from China to developing countries, not to mention Russia itself.
Shiller also detailed this move would confirm the Russian claims that this is indeed a proxy war, backfiring against the U.S. and turning it into a “cataclysm” for the current dollar-dominated financial system.
Furthermore, while he claims this can be “morally right,” he acknowledges many unknowns regarding this move, and that it is better to think about it “very carefully.”
According to NYT, the Biden Administration is pressing Britain, France, Germany, Italy, Canada, and Japan to come up with a strategy to achieve the confiscation of more than 0 billion in Russian assets before February 24, a date that will mark the beginning of the third year of the recent Russia-Ukraine conflict.
In April, Bank of Russia governor Elvira Nabiullina stated that while Russia had moved to stockpile reserves in non-U.S. seizable assets, it was still working to retrieve 0 billion.
What do you think about Robert Shiller’s opinion on a possible Russian asset confiscation? Tell us in the comments section below.
Nobel Prize Laureate Paul Krugman Warns of Disruption in Financial Markets Without US Dollar
Nobel Prize-winning economist Paul Krugman says that no currency can play the role of the U.S. dollar. Commenting on the de-dollarization trend and the possible U.S. default, he emphasized that without the USD, “financial markets will be disrupted by the lack of any safe, liquid asset.”
Economist Paul Krugman on De-Dollarization and USD Alternatives
Paul Krugman, who won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 for his analysis of trade patterns and location of economic activity, shared his opinion Sunday about a possible U.S. default and the U.S. dollar losing its status as the world’s reserve currency.
He explained in a tweet:
The risk from a debt default is *not* that some other currency will take over the key role now played by dollar securities. It is that *no* currency will be available to play that role — that financial markets will be disrupted by the lack of any safe, liquid asset.
Krugman is not worried about the U.S. dollar losing its world’s reserve currency status. In an opinion piece published by the New York Times earlier this month, he argued that the USD’s dominance is not in danger. He believes that “reports of the dollar’s coming demise are also probably greatly exaggerated.” The economist further asserted that the Chinese yuan “isn’t a viable dollar rivel” due to the Chinese government’s capital controls.
The Nobel Prize-winning economist opined: “Even if some governments express a desire to see payments conducted in other currencies, it’s not at all clear they can make that happen, since we’re mostly talking about private-sector decisions. And even if they can make partial de-dollarization stick, all the other advantages of the dollar as a banking and borrowing currency will remain.”
Some people disagreed with Krugman’s assessment regarding the U.S. dollar. Economist Michael Hudson called Krugman’s New York Times article “deliberate ignorance.” He stressed: “You have to really have tunnel vision and not understand the most basic economic history to make the misrepresentations that Krugman said.” He explained: “The trick that Krugman uses, and he’s being deliberately deceptive here, he talks about the current account deficit. The current account is not the balance of payments … Krugman deliberately leaves out the fact that America makes an enormous amount of money on capital account.”
Regarding worldwide de-dollarization efforts, Hudson said: “Krugman is saying that other people have no reason at all for what they’re doing. And when they move out of the dollar, there’s no reason for them to do it.”
A growing number of nations are transitioning away from the U.S. dollar and opting to utilize their respective national currencies instead. Recently, 10 Southeast Asian nations agreed to encourage the use of national currencies to reduce their reliance on the U.S. dollar and Western payment systems. The BRICS countries (Brazil, Russia, India, China, and South Africa) have also been pushing for de-dollarization. The economic group is working on a common currency, which is expected to be discussed by the BRICS leaders at their upcoming summit.
Do you agree with Paul Krugman? Let us know in the comments section below.
Undeads Announces the Prize Pool of MAYC, BAKC and Otherdeed NFTs for It’s Holders
PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, March. 22nd, 2023, Undeads Metaverse, a highly anticipated AAA Web3 game, is excited to announce a competition for Undeads NFT holders.
The competition will be broken down into three prizes. The first prize is the coveted MAYC NFT, while the second prize is the Bored Ape Kennel Club NFT. The third prize is the Otherdeed NFT. Each prize is worth fighting for, as all three NFTs are blue-chip digital assets that any NFT collector would love to have in their portfolio. A total prize pool value exceeds 20ETH.
The competition is straightforward. To win the MAYC NFT, participants have to mint and reveal the 4th rarity level zombie with specific traits. The traits of required zombie will are listed in rules of the contest that ends on April 10. The BAKC NFT will go to the holder of another epic zombie, while the Otherdeed NFT will be awarded to the person who mints the rare 3rd level rarity zombie with specific traits.
The beauty of this competition is that it’s accessible to everyone. To participate, all you need to do is mint a specific zombie from the box/potion. With such desirable prizes at stake, we expect to see a high volume of mints from Yuga Labs NFT holders.
Undeads Metaverse is thrilled to offer this opportunity to NFT collectors around the world. The competition is an excellent chance for participants to get their hands on some of the most valuable NFTs in the market. We can’t wait to see who comes out on top.
The competition will run until April 10. Good luck to all participants!
Non-NFT Holders & holders of different zombies are also encouraged to enter a concurrent competition with a prize pool of 11ETH. If winners are current NFT holders, their prizes are x10 more than the standard prizes, giving entrants more incentive to mint for as little as 0.08ETH with a chance to win 100% cashback.
Visit Undeads.com for more information on all running, scheduled and completed competitions.
About Undeads Metaverse
Undeads is a next-generation survival MMORPG with a large selection of play-to-earn mechanics and over 10 types of playable NFT assets. Undeads is built to enable players to earn cryptocurrency while playing the game and interacting with others. Ultimately, Undeads aims to build a Web3 gamers community and player-driven economy full of engaging activities designed to create an ecosystem of engaged players and deliver the ultimate gaming experience that will exceed community expectations.
Undeads Web3 game has an isometric model with action-combat that takes place in a post-apocalyptic metaverse. The conflict focuses on a struggle for resources between two opposing factions: humans and zombies. Players are tasked with venturing into uncharted regions, establishing and guarding their own settlements, grinding for resources, constructing and enhancing their own gear, engaging in commerce, becoming skilled in trading, and developing their NFT characters. Undeads is also loaded with built-in entertaining VR games for true metaverse and virtual reality fans.
About Undead FZE LLC
Undeads was founded by Undeads FZE LLC, in February 2022. With over 70 industry veterans from the United States, Canada, Australia, Europe & Asia and a wide network of world-class partners.
Latest VR Trailer: https://youtu.be/TXpZf_tAKoU
Watch the trailer on YouTube now: https://youtu.be/LzAjMJ10qJ0
Website https://undeads.com/
Contact details: Ash Hodgetts
Email: press@undeads.com
Location: Dubai, United Arab Emirates
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
KCC Beowulf, The Major Event of The KuCoin Web3 Ecosystem Was Launched, Win $100,000 Worth of Prize Pool
KuCoin’s 5th Anniversary, KuCoin Community Chain (KCC) together with KuCoin Wallet and Windvane jointly hold KCC Beowulf campaign.
KCC Beowulf is a 7-week interacting campaign. More than 20 projects and protocols that have been deployed on KCC participated in the event, including decentralized exchanges (DEX), lending protocols, wallets, cross-chain bridges, etc. Users will be considered as challengers and mint one initial character NFT. Then, they will go through a 4-round of web3 project interaction tasks. In the final part, challengers need to craft one final profile picture (PFP) NFTs and choose a side of two parties. Besides, during KuCoin’s 5th Anniversary, KuCoin users who participate in the KCC Beowulf campaign will obtain limited NFT airdrops, and also the new users who have not interacted on KCC will enjoy newbies benefits.
Johnny Lyu, CEO of KuCoin, said in the 5th anniversary open letter, “KuCoin is actively going decentralization.” As the Web3 major campaign of KuCoin’s 5th Anniversary, the KCC Beowulf event is not only a manifestation of the “The Change is Happening” theme but also a demonstration of KuCoin’s commitment to the continued development of the web3 ecosystem led by KCC.
The launch of Wonderland, KuCoin Wallet, Windvane, and other products enrich the Web3 ecosystem of KuCoin. KCC, as an indispensable infrastructure for KuCoin to explore web3, has also accumulated a lot of resources with steady and organic growth. For example, the total value locked (TVL) of KCC has exceeded million and the accumulated number of transactions is more than 16 million; So far more than 80 projects have been successfully deployed on KCC.
Leandre, the core member of KCC GoDAO Foundation, said, “Taking KuCoin’s 5th anniversary as an opportunity, KCC Beowulf campaign as the bridge between the CEX (centralized exchange) and the DEX (decentralized exchange), which can help Dapps on KCC to precisely capture potential users. Also, CEX users can experience web3 projects at one stop. With the CEX and the DEX developing together, we hope to provide users with more crypto investment options.”
Now, the KCC Beowulf campaign has begun, and users can visit the KuCoin 5th Anniversary official website to participate. By participating in KCC Beowulf, the user will not only have a chance to mint an exclusive PFP (Profile Picture) NFT and win 0,000 token rewards from the web3 campaign but also share the KuCoin 5th Anniversary million-dollar prize pools.
About KCC
KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fees of the Ethereum network. KCC is Ethereum-based and compatible with Ethereum Virtual Machine and smart contracts to provide community users and developers with a higher-speed, more convenient, and lower-cost blockchain experience.
Visit KCC.io to learn more.
Drunk Robots Announces 4 Massive New Partnerships and a 5,000,000 $METAL Battle Prize Pool
The post-apocalyptic city of Los Machines has become the hub of Play2Earn activity. After a sold-out IDO, Animoca Brands-backed Drunk Robots has partnered up with Infinity Force and 3 major guilds – has just rehauled its game economy after a sold-out IDO, increasing the rewards and making it even easier to enter the game.
Drink, fight, earn
After ‘play to earn’ and ‘move to earn’, has the time come for ‘drink and fight to earn’? At least that’s what the robots of Los Machines do all day long: consume vast quantities of beer, then thrash each other around.
Despite this violent premise, Drunk Robots is outrageously fun – and very well designed at that. In fact, the robots look so good that the original collection of 10,101 characters was immediately sold out on Liquidifty and Binance NFT. You can currently buy robots in closed containers on the Liquidifty marketplace.
While you do need a robot to fight in the Arena or scavenge $METAL, there are several mini-games that you can play 100% free – such as Knockout, where you have to shoot at other robots before they shoot you.
The project counts 23,000 Discord members, over 64k Twitter followers, and 39k Telegram channel subscribers – for a total of 126 thousand users in the community. Few P2E games can boast such a large following just weeks after the IDO.
Drunk Robots introduces a 5,000,000 $METAL prize pool for the Arena leaderboard
The Play2Earn element of Drunk Robots is also well thought-out. Players earn prizes for participating in battles – and then they get even more if they manage to rise to the top of the leaderboard at the end of the season. This creates a strong incentive to compete in the Arena every day.
On May 4, the team announced big changes to the game economy ahead of the second season, which starts on May 6.
First of all, the seasonal prize pool for PvP (player versus player) battles is increased to 5 million $METAL tokens. A single robot can earn a player around 3,840 $METAL a month.
The creators have also updated the prices of containers with robots, equipment, and energy booze (a special energy drink that robots need after a brawl).
Starting from the second half of the season, players will need to take part in at least 5 battles every 24 hours to keep farming $METAL – or face a drop in the farming speed.
4 major gaming projects already collaborate with Drunk Robots
Drunk Robots has also been expanding its roster of partnerships, adding three major gaming guild projects in a few weeks:
- Yield Guild Games SEA (YGG SEA, $SEA): the Southeast Asia branch of YGG, uniting 30,000 scholars across 18 countries;
- Avocado DAO ($AVG): a community of 11,000 scholars playing games like Axie Infinity and Revv Racing;
- Skill Guilds: providers of an advanced guild manager dashboard and a guild-building SDK.
The latest partner to be announced is Infinity Force ($YNFF), a platform that connects players, guilds, and games.
These collaborations follow a strategic partnership with Merit Circle, perhaps the most influential DAO in the blockchain gaming industry.
Apart from these gaming partners, Drunk Robots boasts an exceptionally strong list of backers among venture firms, including Animoca Brands, Shima Capital, Moonrock Capital, and DEX Ventures, as well as Gate.io, ZB.com, and Oracles Investment Group.
$METAL IDO sold out on 3 launchpads
Amid all this partnership-building, Drunk Robots also held a highly successful IDO for its $METAL token. On April 7, three launchpads – Liquidifty, TrustPad, and GameFi – together sold 25,000,000 $METAL at .01 each, raising 0,000. Once $METAL was listed on PancakeSwap and Gate.io, the price rose over 300% above the IDO price to reach .43.
$METAL has many uses in the Drunk Robots economy:
- reward payouts and scavenging (farming);
- leveling up robots and their equipment;
- drunk races (yes, it’s a completely legit activity for robots);
- re-rolling opponents in PvP battles, and much more.
Drunk Robots’ roadmap for the next few months includes more detailed visualizations in the PvP arena; gangs and clans; farming virtual land, and more. To get your first robot and start earning $METAL, visit https://drunk-robots.com/ .
Bitget KCGI Trading Competition Opens for Registration on 20, October with a Prize Pool of 100 BTC
Derivatives exchange Bitget announced the launch of King’s Cup Global Invitational (KCGI). According to the announcement, the contest has set up a prize pool of 100 BTC and 500 million BGB as well as other custom-made prizes. The registration will open from 20 October to 4 November (UTC+8), and the competition will start from 10:00 am on 30 October to 10:00 am on 20 November (UTC+8).
It is reported to be an annual event for global elite traders held under the principle of unity, fairness and competitive spirit. “This contest aims to provide a level playing field for trade lovers. The competition rules are very user-friendly. All traders are welcome to participate in this game,” says Sandra, Bitget’s CEO.
Total Prize Pool: 100 BTC
The competition includes Team Battle and Individual Competition, each with a prize pool of 50 BTC, adding up to a total of 100 BTC.
The prize of Team Battle or Territory Battle will depend on the number of teams.1-100 teams will unlock 10 BTC. 101-300 teams will unlock 20 BTC, 301-500 teams will unlock 30 BTC. 500+ teams will unlock 50 BTC. A captain can form a team to join the battle if there are more than 30 team members. During the registration period, eligible users can pick their favorite captain to win rewards through futures trading.
The total prize pool will be divided among the ten teams with the highest profits. Within each team, the captain can receive 10% of the team’s total prize. The remaining prize will be distributed among other players according to the proportion of their profits. The 1st place will receive 30%, 2nd place will receive 20%, the 3rd place will receive 10%, and the 4th-10th places will share the remaining 30% according to the proportion of their profits. Among them, the top 7 team captains in terms of revenue can also get customized NFT. For teams ranked Top3 by trading profits, the top3 profit contributors in the team can each receive a PS5 game console.
Individual Competition is divided into Super Leaders (ranking by PNL%) and Super Heroes( ranking by profits) sessions. The total prize pool is 50 BTC each, which will be released according to the number of participants. 10,000 participants will unlock 5 BTC, 10,000-20,000 participants will unlock 10 BTC, 20,000-30,000 participants will unlock 20 BTC, 30,000+ participants will unlock 50 BTC.
The total prize pool will be shared by the top 10 teams/participants with the highest PNL% and profits respectively. In each session, the top 1 can share 40%, the second place will share 20%, the third place will share 10%, and the 4th-10th places will share the remaining 30% according to their proportion of trading volume or profits. Top3 traders can also receive DJI drones or HHKB keyboards, etc. It is worth noting that users participating in the Team Battle are also qualified to join the Individual Competition and share the prize.
Special Benefits: 5 million BGB
To attract more regular and new users, there are also additional events such as City Assembly, Lords Assembly, Airdrop for All, Lucky Lottery, Post-Competition Bonus and Early Bird Benefits, offering a total of 5 million BGB. All participants have the chance to win cool electronic devices and NFTs featuring the competition.
City Assembly: For the division with the most winning seats in Territory Battle, all the participants within the division will receive an airdrop of 50BGB on a first-come, first-served basis. The total supply of the airdrop is 500,000 BGB. Lords Assembly: Lords (Captains) of the team will unlock the BGB rewards pool if they can obtain active users. The Top1 team’s rewards pool will be doubled. Within each division, the Top10 captains in terms of obtaining new users will get an exclusive benefits package from Bitget to be “signed” as the co-ambassador for the next trading contest.
Participants whose total trading volume reaches 50,000 USDT during the competition will receive an airdrop of 99 BGB by following our official Twitter and joining our Telegram. The total supply of the airdrop is 1 million BGB. Users can earn points by completing tasks. For every 3 points accumulated, participants will be qualified for the “Lucky Lottery” to draw from meebits NFT, HTC-VIVE VR glasses, DJI drones, PS5 game consoles and HHKB keyboards.
At the end of the competition, participants who have a net deposit of 2000 USDT and a cumulative trading volume of no less than 500,000 USDT during the contest will receive 1 chance to draw an exclusive NFT custom-made for Bitget’s first trading competition. In addition, Bitget has prepared Early Bird Benefits. Captains who sign up and complete their team formation 5 days before the competition will receive 50 USDT trial funds for futures prior to the contest, While Individuals who sign up 5 days before the competition will receive 20 USDT.
Theme for KCGI-2021: Fight Pixel Intrusion
The theme for KCGI 2021 is “Defend the Earth against Pixel Invasion”. It tells a story of how the quantum civilization six light-years away plans to attack the Earth with its advanced weapon that can rapidly transform entities into pixels. Seven young people from different countries form the strongest battle team, each mastering one of the seven different elemental skills: silicon, gold, earth, wind, water, fire, and thunder to defend the Earth.
Bitget used this as a backdrop to create a set of NFT artworks representing the different forms of energies and objects in the story. The collections will be given as prizes to the Captains and lucky users who performed well in the Team Battle.
About Bitget
Bitget is among the fastest-growing derivatives exchanges, with 1.6 million registered users worldwide and an average daily trading volume of .6 billion. With the mission of Better Trading, Better Life, Bitget is committed to offering liberal, ultimate and fair trading services, including futures trading, spot trading and digital asset purchasing.
As a platform in pursuit of perfection and innovation, Bitget has pioneered to launch three flagship products of USDT-Margined Futures, One-Click Copy Trade, and Quanto Swap Futures to provide the best services to users. It is now the six-largest derivatives exchange and the largest crypto asset copy trading platform in the world.