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Avoiding Cryptocurrency Scams, Squid Game Token and Other Defi Risks – Sponsored Bitcoin News

sponsored The following article was written by CZ, Binance CEO & Co-Founder. DYOR, or do your own research, is a concept I think every investor should know about. It’s as close to a golden rule as anything in the world of crypto, but it applies more even broadly to anything you’re

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FTX-backed studio explains why Solana is better for game developers

While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi.Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the studio has raised $21 million in a Series

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Binance Is Investigating Squid Game Token, Considers It a Scam: Report

Crypto exchange Binance is investigating the SQUID token crash and considers it a classic “rug pull” scam, according to a Barron’s report.Binance has frozen and blacklisted wallet addresses tied to the token’s developers, according to the report. It is also using analytics tools to identify the developers.The developers appear to

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Monster-battle NFT game Axie Infinity soars in popularity among developing nations

It's no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money

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Former Activision, Disney and Lucas Films devs reveal NFT-powered video game

Video game publisher MetalCore Foundation has unveiled a new open-world game that incorporates nonfungible tokens, or NFTs, into the gaming experience, highlighting the continued innovation underway in the GameFi sector.On Tuesday, the foundation unveiled MetalCore, a massively multiplayer combat game that combines traditional gaming with the GameFi features of blockchain

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Game over! ‘Squid Game’-inspired crypto scam collapses as price crashes from $2.8K to zero

A cryptocurrency inspired by Netflix’s internationally hit TV show Squid Game scammed investors in what appears to be a $3.38-million “rug pull” scheme.Dubbed SQUID, the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC on Nov. 1. The deadly drop oed following a 75,000%

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