Amazon Web Services is hiring a specialist to work on a range of products involving digital assets, according to a recent job advert.
The post AWS to hire a ‘digital assets specialist’ focused on enterprise clients appeared first on The Block.
With federal student loan repayments expected to start up again in early 2022, here’s how you can keep on top of them using crypto.
A token themed around the Netflix show Squid Game has completely crashed in price. Here’s why.
The post Unofficial Squid Game token crashes 99% as devs dump for $12 million appeared first on The Block.
The developers behind a crypto project inspired by Netflix’s mega-popular show “Squid Game” say they’ve left the project after the price of its affiliated token crashed to nearly zero.
The latest development shows just how risky it can be to invest in a new and hyped token in the crypto market.
As CoinDesk reported last week, the pay-to-earn crypto project Squid Game gained instant popularity and the SQUID token rose by more than 35,000% in just three days – despite several red flags including grammatical and spelling errors in the project’s white paper and the fact that the project’s website was registered less than a month ago.
At press time, the project’s official website and its account on Medium were down and Twitter had temporarily restricted its account, saying it had detected “unusual activity” from it.
Data from CoinMarketCap shows that prices for SQUID, were down nearly 99.99% to $0.002541 in the past 24 hours. Its trading volume has increased more than 130% over the same time period, indicating huge selling pressure.
The token is only available for trading on decentralized exchanges PancakeSwap and DODO, both of which are based on Binance Smart Chain.
On Monday, the project claimed in its official Telegram channel that its developers do not want to continue running the project due to the stress of dealing with scammers.
“Someone is trying to hack our project these days. Not only the twitter account @GoGoSquidGame but also our smart contract. We are trying to protect it but the price is still abnormal. Squid Game Dev does not want to continue running the project as we are depressed from the scammers and is overwhelmed with stress [sic]. We have to remove all the restrictions and the transaction rules of Squid Game. Squid Game will enter a new stage of community autonomy,” it wrote.
Squid Game is not the only crypto project “inspired” by the popular Netflix show, but none of them are officially affiliated with the South Korean survival drama. Prices of other tokens associated with the show, including squid game protocol, squidgametoken, squidanomics and international squid games, were also deep in the red over the past 24 hours, according to CoinMarketCap.
Bitcoin miners hauled in $1.72 billion in revenue during October, new monthly data shows, the second-highest level on record.
The post Bitcoin miners score their second-highest month of revenue ever with $1.72 billion in October appeared first on The Block.
Stablecoins have a hegemonic hold over the crypto derivatives space. Most of the perpetual contracts across the CEX.IO cryptocurrency exchange [Ed note: taking CEX to mean the exchange] are priced in stablecoins, and all contracts on the FTX exchange are USD margined. Likewise, all perpetuals on decentralized finance (DeFi) derivative protocols like Perpetual Protocol and DYDX are USD linear contracts. This is the stablecoin standard in the derivatives market.
The early-stage investment firm and incubator will be operated by former Ava Labs and Avalanche Foundation staff.
The Avalanche Foundation has announced another mammoth incentivization scheme to lure developers to the Avalanche blockchain.
The post Avalanche launches fresh $220 million incentive fund appeared first on The Block.
Huobi said the launch of the Huobi NFT marketplace is a “key milestone” in the expansion of its plans for the metaverse.
The NFT investment firm is led by podcaster Andrew Steinwold. The new fund includes commitments from Marc Andreessen and the Winklevoss twins.
