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Robotics Company Falls Prey to Ransomware Attack

Ransomware gang REvil strikes a US-based robotics firm, leaking their sensitive data on the dark web.

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Top Crypto Game Splinterlands Now Supports Brave’s BAT Token

The partnership also means Splinterlands will implement Brave as its official browser while Brave will advertise one of the most popular crypto games out there.

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In brief

  • Web browser Brave has entered a partnership with crypto game Splinterlands.
  • The partners will collaborate on marketing initiatives across both products.
  • Splinterlands will also implement Brave’s Basic Attention Token for buying credits.

Privacy-centric and crypto-friendly web browser Brave today announced a partnership with blockchain-based competitive card game Splinterlands, which will see the two allies collaborate on marketing initiatives and integrations across the two products.

Brave will be the official web browser of Splinterlands, with the developers planning content to detail the benefits of the browser while also recommending that players use Brave to play the web-based game.

On the other end, Brave will begin showing advertisements for Splinterlands to users who opt into ads within the browser, and the browser’s built-in digital wallet can be used to purchase credits in Splinterlands.

Furthermore, Splinterlands will integrate Brave’s Basic Attention Token (BAT), which is awarded to users who agree to view Brave’s advertisements while browsing. Splinterlands players will be able to use any earned BAT to purchase the game’s credits, which can be spent on buying new booster packs or purchasing cards from other players in the marketplace.

Brave now boasts more than 19 million monthly active users and has grown significantly over the course of 2020. In June, the company said it had 15 million monthly active users, which was a significant leap over the 10 million reported in December 2019.

During 2020, the browser—which blocks advertisements and tracking by default and allows users to opt into Brave’s own ads in exchange for BAT—has inked partnerships with top crypto exchanges such as Gemini and Binance, and counts podcast luminary Joe Rogan amongst its users. As of earlier this month, the Android version of Brave was the top-rated web browser in Google’s Play Store.

Splinterlands is one of a handful of noteworthy blockchain-based collectible card games built in the mold of digital and physical hits like Hearthstone and Magic: The Gathering. Like contemporaries Gods Unchained and SkyWeaver, Splinterlands’ digital cards are non-fungible tokens that have provable scarcity and can be sold and traded to other users.

As of this writing, DappRadar ranks Splinterlands as the most-played blockchain game over the last 24 hours, with nearly 5,700 users reported playing during that span.

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Bitcoin Price Has Only Ever Spent 93 Days Above $11,500

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With Bitcoin’s price hovering around $11,500, recent data indicated that the asset had spent only about three months of its existence above that particular level.

BTC: Only Three Months Above $11.5K

The official launch of the first-ever cryptocurrency came in early January 2009. Born during the last massive financial crisis, Bitcoin was this “magical money” that actually lacked any significant attention in its initial years. Consequently, its price traded close to zero for a while.

Since then, however, Bitcoin started gaining traction that ultimately resulted in severe volatility throughout the years. The massive fluctuations took the asset towards an all-time high in December 2017 of nearly $20,000, and just a year later, BTC saw its price beneath $4,000.

Fast-forwarding two years and Bitcoin is currently positioned around $11,500. Although this level is nearly twice as less as the all-time high, recent data from the analytics company Skew informed that BTC hadn’t spent a lot of time above $11,500.

Historical Performance Bitcoin Price. Source: Skew
Historical Performance Bitcoin Price. Source: Skew

More precisely, BTC’s price has hovered above $11,500 for only 93 days (or three months) since January 2009.

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Fundamentals in Place

Apart from the data above, Bitcoin’s hash rate has experienced a significant boost even after the completion of the third halving in May. As CryptoPotato reported recently, the metric measuring the computing power miners use to validate transactions on the BTC blockchain reached a new all-time high of 170 exahashes per second. This represented a 40% increase in the five months following the halving.

Although the hash rate is not correlated with the price, another report suggested an upcoming price increase. By indicating that Bitcoin whales, meaning entities with at least 1,000 coins, have slowed down accumulation, Glassnode asserted that this could ultimately be a bullish sign for the asset price.

Historically, once whales have stopped buying massive quantities, this has led to an opportunity for retail investors. According to the analytics company, Bitcoin may be in the “beginning of a run-up to a market top.”

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Source: https://cryptopotato.com/bitcoin-price-has-only-ever-spent-93-days-above-11500/

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US Fed Chair Jerome Powell Says It’s Better to Be Right Than First on CBDC

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  • US Fed Chair Powell believes that the United States should focus on getting right the development of a central bank digital currency (CBDC), rather than attempt to be first.
  • While speaking on a panel hosted by the International Monetary Fund (IMF), Powell reassured that the US is “committed to carefully and thoughtfully evaluating the potential costs and benefits of a CBDC for the US economy and payments system.”
  • Although Powell admitted that the digital currency has the potential to improve the current payments system, he claimed that the Fed hadn’t made a final decision on launching its own.
  • Reports from earlier this year suggested that the Federal Reserve had started experimenting with a hypothetical digital currency.
  • Nevertheless, today’s speech showcased that the US central bank is still unconvinced by that idea. In contrast, the other global superpower China has been making serious improvements on the matter. 
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  • CryptoPotato reported earlier today that China had taken the CBDC tests to its citizens by airdropping $1.5 million worth of the digital yuan and urging them to buy goods. However, the initial results weren’t promising as users said it didn’t offer anything groundbreaking. 

Featured Image Courtesy Of CNBC

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Source: https://cryptopotato.com/us-fed-chair-jerome-powell-says-its-better-to-be-right-than-first-on-cbdc/

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