Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

With the digital age evolving rapidly, the threat landscape is also changing, bringing forth innovative ways for scammers to target unsuspecting users Recently, several alarming incidents have surfaced, highlighting the critical need for digital vigilance and the importance of safeguarding one's digital footprint New Bitcoin Scam Resurfaces In an unsettling development, the Solicitors Regulation Authority (SRA) in the United Kingdom shed light on a new scam that involves perpetrators posing as fake lawyers These culprits, using the guise of legal authority, demand Bitcoin payments by claiming to possess damaging videos and personal data of their victims With frightening precision, they send emails from suspicious addresses, attempting to coerce individuals into succumbing to their demands under the threat of releasing these purported videos...

Embracing the Future: The Exciting World of TON Blockchain Welcome to an awe-inspiring journey into the dynamic realm of cryptocurrency and blockchain technology Today, we're diving deep into the TON blockchain—a platform that's setting new standards in the ever-evolving digital landscape With its open-source and permissionless nature, it beckons to those who dream of a decentralized world But, as we navigate this thrilling territory, it's crucial to remember that with great power comes great responsibility, especially regarding our safety The Power of Open-Source In a world where sharing is caring, the TON blockchain stands out as a beacon of cooperation and innovation...

Understanding the Surge in Cryptocurrency Scams on EVM Chains The first half of 2024 has shone a harsh light on the shadowy corners of the cryptocurrency world, revealing a disturbing uptick in scam activities A recent study by the premiere blockchain analytics outfit, Scam Sniffer, has unearthed that scammers operating on Ethereum Virtual Machines (EVM) chains have swindled a staggering $314 million from unsuspecting victims This constitutes a significant 6 44% increase from the previous year, indicating that the threat is not only persistent but growing The Grim Statistics Diving into the data, we find that over a quarter-million individuals fell prey to these unscrupulous schemes in just six months...

Square Enix joins other gaming companies in the race to conquer the uncharted territories of NFT and blockchain gaming.

NFTs have had its fair share in the market for the past couple of years. However, its relationship with the masses is more like a love-hat

In a bid to create blockchain-based games, Zynga has entered into a strategic partnership with software maker Forte

Justin Kan’s Fractal NFT platform, marred with scam even before its debut. Hack attacks and scams are rampant when it comes to crypto-verse.

China’s offensive against crypto-related things continues and now it has warned its citizens via state television.

Animoca Brands and Binance Smart Chain joined hands to launch a $200 million investment program to facilitate crypto gaming startups.

Even though NFT and blockchain technology are constantly criticized, Tim Sweeney decided to go for it. The biggest problem with NFTs and blockchain technology is that scams and shady business practices are common.