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Harnessing the Power of Cryptocurrency for Gaming – Basic Tutorials

Cryptocurrency is a powerful tool that can be used to revolutionize the gaming industry. By harnessing its power, developers and players can benefit from an efficient payment system, faster transactions and more secure data storage.

For instance, casino games like Hi-Lo card games and counterparts employ blockchain technology to offer a more elegant and secure gaming experience. You can also learnhow to play hilo game with bitcoinand its numerous advantages, which is explained by Metaspins, a crypto casino that is a future-proof platform that incorporates and resonates with Web3.

In this article, we will analyzethe revolutionary possibilities of blockchain technology in the gaming market and how it can benefit gamers and developers. Keep reading!

It allows developers to create digital assets that can be used in various ways within the game, such as trading or exchanging them with other players.

This opens up a new world of possibilities for developers to explore when creating their games. Even in the present scenario, bitcoin and blockchain-based games are becoming increasingly popular as they offer a unique gaming experience that is both secure and transparent.

Furthermore, blockchain-based games also give players greater control over their in-game assets, allowing them to trade or exchange them freely without worrying about being scammed or hacked.

All these features make blockchain-based games an attractive option for gamers looking for something different from the usual online gaming experience.

Security concerns must be addressed regarding gaming and the use of bitcoin to ensure that players are protected from any potential risks.

One solution is to use a blockchain-based encrypted wallet platform. These wallets add an additional degree of protection for users by requiring two-factor authentication and other safeguards to secure user funds.

Additionally, game developers should also implement their security protocols, such as encryption and data protection measures. This will help protect user data from being accessed by malicious actors.

Finally, game developers should also consider implementing KYC (Know Your Client/Customer) procedures which can help verify the identity of players before allowing them access to certain features or services within the game.

Bitcoin is becoming increasingly popular in the online gaming world as it offers a secure payment method. This means that players can rest assured that their funds are safe when they use Bitcoin as their payment method.

Moreover, harnessing the power ofcryptocurrencyfor gaming has great potential to revolutionize the industry by providing new opportunities for developers and gamers alike.

Finally, using Bitcoin eliminates the need for third-party services such as PayPal or Skrill, which can add extra transaction fees.

Bitcoin-based games are becoming increasingly popular as they offer a unique way touse cryptocurrencyentertainingly and engagingly.

Some popular bitcoin games include casino-style games such asslots, blackjack, roulette and craps. You can access more such bitcoin-based casino games on platforms like Metaspins. These games allow players to wager their bitcoins on the outcome of a game or spin.

Other types of bitcoin games include skill-based games such as poker and chess, which require players to use strategy and tactics to win.

Additionally, there are also fantasy sports leagues that allow gamers to wager on the outcomes of real-world sporting events using their bitcoins. Finally, various online gaming platforms acceptbitcoinpayments for virtual goods or services within their virtual worlds.

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Harnessing the Power of Cryptocurrency for Gaming - Basic Tutorials

Online scammers stole more than $10 billion in 2022 thanks to … – Mashable

Internet scammers are raking in more cash than ever before...and cryptocurrencies provided them with a major assist.

According to the FBI's recently released annual internet crime report(Opens in a new tab), $10.6 billion was lost due to online scams and frauds in 2022. This is up 46 percent from the $6.9 billion in losses in 2021. Furthermore, even though losses are way up, the number of complaints from scam victims made to the FBI's Internet Crime Complaint Center (IC3) were actually down from the previous year.

So, what accounted for the more than $3.5 billion jump from 2021 to 2022? The rise of cryptocurrency.

The report found that investment fraud overall was the "costliest scheme." Based on complaints to the IC3, losses from investment fraud grew from $1.45 billion in 2021 to $3.31 billion last year.

However, within those complaints, the report found that fraud involving cryptocurrency specifically had the biggest growth with an increase of 183 percent from the year prior. Losses from crypto scams went from $907 million in 2021 to a whopping $2.57 billion in 2022.

"Crypto-investment scams saw unprecedented increases in the number of victims and the dollar losses to these investors," reads the report. "Many victims have assumed massive debt to cover losses from these fraudulent investments and the most targeted age group reporting this type of scam are victims ages 30 to 49."

Some common crypto-related scams according to the report include crypto stolen through hacked social media accounts, celebrity impersonations, real estate fraud, and liquidity mining, which are schemes that persuade targets to connect their crypto wallets to an application with the promise to make profit and then instead just drain the user's account of its funds.

Though crypto scammers often go after younger targets, according to the report, the largest pool of victims is in the less tech-savvy 60-and-older demographic. They accounted for $3.1 billion of the 2022 losses.

And while investment fraud accounted for the most losses, there were many other types of internet scams pulling its weight too. Call center fraud was the biggest threat to that previously mentioned older demographic, accounting for more than $1 billion in total losses. Of that, $724 million was drained specifically from targets aged 60 and older.

Business email compromise was another scam that proved fruitful for bad actors in 2022. This scam involves targeting users' business emails and then attempting to use social engineering techniques to trick the victim into transferring funds. These scams accounted for $2.7 billion in losses last year. And, even though ransomware attacks were down in 2022, they still made up $34.3 million in losses.

It's important to note that the data here comes from more than 800,000 complaints filed with the IC3 in 2022. The numbers are likely even higher as there are scam victims who don't report.

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Online scammers stole more than $10 billion in 2022 thanks to ... - Mashable

3 Tech Stocks With More Potential Than Any Cryptocurrency – The Motley Fool Canada

The collapse of cryptocurrency exchange FTX in early November 2022 harmed cryptos. However, Bitcoin is up 46.4% year to date, and some investors say the largest crypto trades like a tech stock.

Meanwhile, the technology sector suffered a severe selloff last year but is doing better thus far in 2023 with a +13.55% positive gain. But if I were to choose between tech stocks and any other crypto, I wouldnt touch the latter with a 10-foot pole.

Tech firms like Descartes Systems Group (TSX:DSG), Kinaxis (TSX:KXS), and Docebo (TSX:DCBO) are safer and certainly have more potential. They have financials and business projections to show.

Descartes provides on-demand, Software-as-a-Service (SaaS) solutions to logistics-intensive businesses to help them improve productivity, performance, and security. The $8.76 billion company reported impressive top- and bottom-line growth in fiscal 2023.

In the 12 months that ended January 31, 2023, revenue and net income increased 14.4% and 18.4% to US$486 million and US$102.2 million versus fiscal 2022. Edward J. Ryan, Descartess chief executive officer (CEO), said the company invests in its Global Logistics Network. He added, We invest both organically and through acquisitions consistent with customer feedback on how we can deliver more value to them.

For fiscal 2024, management anticipates adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to be 40-45% of revenues. Its chief financial officer Allan Brett said Descartes has a solid platform for continued growth and acquisitions. Moreover, it has the experience and capital capacity to add more solutions for the growing community of shippers, carriers, and logistics services providers. At $102.95 per share, current investors enjoy a 9.07% year-to-date gain.

Kinaxis had an incredible turnaround in 2022, exceeding total revenue and adjusted EBITDA targets. Also, besides growing its customer base by 40%, profit reached US$20.08 million compared to the US$1.16 loss in 2021.

This $4.59 billion supply chain management company will continue to invest for the long term and cement its leadership position. Management also expects faster SaaS growth and increased profitability in the coming years.

Performance-wise, the tech stock is up 10.24% year to date. Market analysts covering KXS recommend a buy rating. The 12-month average price target is $218 a potential 30% appreciation from its current share price of $167.46.

This $4.59 billion supply chain management company will continue to invest for the long term and cement its leadership position. Management also expects faster SaaS growth and increased profitability in the coming years.

Docebo endured the macroeconomic headwinds in 2022 and delivered a strong performance. The $1.68 billion company boasts a leading artificial intelligence (AI)-powered learning platform. In the 12 months that ended December 31, 2022, total revenue (subscription and professional services) climbed 37% year over year to US$142.91 million.

The net income topped US$7 million compared to the US$13.6 million net loss in fiscal 2021. Claudio Erba, Docebos founder and CEO, said, Our focus remains on driving long-term growth and profitability across economic cycles, supported by continued innovation. If you invest today, the share price is $51.08 (+14.2% year to date).

While Bitcoin and other cryptos are tradable assets like tech stocks, they still lack regulation. More importantly, theres no predictable path for the foreseeable future, unlike Descartes, Kinaxis, or Docebo.

Originally posted here:

3 Tech Stocks With More Potential Than Any Cryptocurrency - The Motley Fool Canada

PancakeSwap Unveils Upgraded Version On Binance Smart Chain – Blockzeit

PancakeSwap, the decentralized exchange platform, is launching a new version of Binance Smart Chain, featuring more competitive fees, improved liquidity, and a reward campaign.

PancakeSwap, the decentralized exchange platform, has recently announced that it is rolling out a new version of its application on the Binance Smart Chain (BSC). The upgrade includes more competitive trading fees, improved liquidity provisioning, and other new features. The move is part of PancakeSwaps continuous efforts to improve its features and make it easier for users to access its platform.

As part of the launch campaign, PancakeSwap also offers users $135k of its CAKE token. The campaign will last until April 3rd, 2023 at 12:00 UTC. Additionally, those providing liquidity to the exchange will receive a special NFT as a symbol of loyalty. The NFT, however, cannot be sold, which incentivizes users to continue providing liquidity to the platform.

You can learn more about the details by visiting their press release.

The PancakeSwap V3 upgrade comes when decentralized exchanges are growing in popularity despite still reeling from the effects of major crypto collapses like the FTX and Terra debacle.

PancakeSwap V2 is currently the fourth most popular choice among decentralized exchanges, with around $84 million in trading volume. Decentralized exchanges are a type of cryptocurrency exchange that operates on a decentralized network, meaning there is no central authority or intermediary involved in the exchange process.

One of the main benefits of decentralized exchanges is that they offer greater privacy and security for users. Unlike centralized exchanges, where users need to deposit funds and trust a third party to hold their assets, decentralized exchanges allow users to retain full control of their private keys and keep their funds in their own wallets. This is particularly important for users who are concerned about the security of their assets and who want to maintain control of their funds.

Decentralized exchanges also offer greater accessibility, as they can be used by anyone with an internet connection and a compatible wallet. This is particularly important for users in countries with limited access to traditional banking services, who may not have access to centralized exchanges.

The growth of decentralized exchanges has been fueled by the increasing demand for decentralized finance (DeFi) applications. DeFi applications are designed to provide traditional financial services using blockchain technology, which eliminates the need for intermediaries and allows users to have greater control over their financial assets.

The launch of PancakeSwap V3 on Binance Smart Chain is an exciting development for the decentralized exchange ecosystem. It offers users more choices and improved features and is likely to attract more users to the platform. As more users discover the benefits of decentralized exchanges, it will be interesting to see how this sector continues to evolve and grow.

PancakeSwaps new version is a positive development for the decentralized exchange ecosystem. It is expected to provide more options and opportunities for users to trade and participate in the DeFi ecosystem.

Along with the added improvements in the platforms features, we can expect further growth and innovation in the decentralized exchange space in the coming months and years.

Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.

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PancakeSwap Unveils Upgraded Version On Binance Smart Chain - Blockzeit

How to Create javascript WebSockets Subscriptions to Ethereum and Binance Smart Chain through ethers.js? – Benzinga

Creating a WebSockets subscription to Ethereum and Binance Smart Chain using ethers.js can be useful for developers for several reasons, including scalability and easier integration.

Using NOWNodes to create WebSockets subscriptions to blockchain networks is a common practice. Javascript libraries such as ether.js have been a popular framework for WebSockets development.

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WebSockets subscription is similar to an Event Listener in Javascript. There are several reasons why an Event Listener is essential. This article illustrates creating simple BSC WebSocket and Ethereum websocket subscriptions to popular Blockchain networks like Ethereum and Binance Smart Chain.

Why create a Javascript WebSockets subscription

Javascript WebSockets subscription is either the Ethereum blockchain or the Binance Smart Chain is important for several reasons. Below are some of the reasons to develop a WebSockets subscription.

WebSockets are communication protocols that enable real-time, two-way communication between a client (such as a web browser) and a server. It provides a persistent connection between the client and server, sending and receiving real-time data.

Constant communication is often established through Websockets API. The WebSockets API provides methods for opening and closing connections, sending and receiving data, and handling errors and events. WebSockets offer a powerful and flexible way to enable real-time communication between client-side and server-side applications. They have become essential for building modern web applications crucial for blockchain and web 3 development.

Platforms like NOWNodes provide more straightforward ways to establish such connections, making it much easier to alleviate the need for a technical developer team. Below is a step-by-step guide on importing the ethers.js library and developing WebSockets subscription to the Ethereum blockchain network and Binance Smart Chain.

How to import ethers.js library and create WebSockets subscription

To use the Ethers.js library, first of all, you need to learn how to install ethers. npm install ethers Then you can import it using the code below.

const { ethers } = require("ethers");

After importing, you create a provider instance directly connecting to the preferred blockchain network. In this case, either the Ethereum blockchain or the Binance Smart Chain. Below is the line of code to create the required connection using NOWnodes.

const provider = new ethers.providers.WebSocketProvider("'wss://bsc.nownodes.io/wss/YOUR_API_KEY');

It is important to note that you'll be required to replace YOUR_API_KEY with your actual NOWNodes API key in development.

Subsequently, create a contract instance using the below line of code.

const contractAddress = "0x..."; // The contract address you want to interact with

const abi = [...] // The ABI of the contract

const contract = new ethers.Contract(contractAddress, abi, provider);

Next, you should create a subscription to an event emitted by the contract. To do so, you'll need to implement the code line below.

contract.on("EventName", (arg1, arg2, event) => {

console.log("Event received:", arg1, arg2);

});

Important Notes:

Below is the code for WebSockets that connect to the Binance Smart Chain blockchain network using the NOWNodes node provider.

const { ethers } = require('ethers')

const url = 'wss://bsc.nownodes.io/wss/YOUR_API_KEY'

const EXPECTED_PONG_BACK = 15000

const KEEP_ALIVE_CHECK_INTERVAL = 7500

const startConnection = async () => {

const provider = new ethers.providers.WebSocketProvider(url, {

name: 'binance',

chainId: 56,

})

let pingTimeout = null

let keepAliveInterval = null

provider._websocket.on('open', () => {

console.log('Connect')

keepAliveInterval = setInterval(() => {

console.log('Checking if the connection is alive, sending a ping')

provider._websocket.ping()

// Use WebSocket#terminate(), which immediately destroys the connection,

// instead of WebSocket#close(), which waits for the close timer.

// Delay should be equal to the interval at which your server

// sends out pings plus a conservative assumption of the latency.

pingTimeout = setTimeout(() => {

provider._websocket.terminate()

}, EXPECTED_PONG_BACK)

}, KEEP_ALIVE_CHECK_INTERVAL)

})

provider._websocket.on('close', () => {

console.error('The websocket connection was closed')

clearInterval(keepAliveInterval)

clearTimeout(pingTimeout)

startConnection()

})

provider._websocket.on('pong', () => {

console.log('Received pong, so connection is alive, clearing the timeout')

clearInterval(pingTimeout)

})

provider.on('block',(block)=>{

console.log('New block!', block)

})

}

startConnection()

Some advanced features of ethers.js for creating Ethereum/BSC WebSockets

Ethers.js provides a variety of advanced features for creating Ethereum WebSocket and BSC websocket subscriptions. Here are a few examples:

You can filter events based on specific parameters using the `ethers.utils` library. For example, to filter for a specific token transfer event, you could use the following code:

const filter = {

address: contractAddress,

topics: [ethers.utils.id('Transfer(address,address,uint256)')],

fromBlock: 'latest'

};

const logs = await provider.getLogs(filter);

If the WebSockets connection is lost, Ethers.js will automatically attempt to reconnect to the Ethereum node. You can also configure the number of reconnection attempts and the delay between attempts using the WebSocketProvider options.

For instance, to configure the WebSockets provider to retry every 5 seconds for up to 10 times, you could use the code below:

const options = {

reconnect: {

maxAttempts: 10,

delay: 5000

}

};

const provider = new ethers.providers.WebSocketProvider('wss://bsc.nownodes.io/wss/YOUR_API_KEY');

This code creates a reconnect object in the provider options that specifies the maximum number of attempts and the delay between attempts.

Using the provider, you can send multiple requests to an Ethereum node in a single batch.send() method. This can help reduce latency and improve performance. For instance, to retrieve the balances of multiple accounts in a single batch, you could use the following block of code:

const requests = [

{ method: 'eth_getBalance', params: ['0x123...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x456...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x789...', 'latest'] }

];

const results = await provider.send('eth_batch', requests);

What you get with NOWNodes service:

NOWNodes offers three paid plans, pro, business, and enterprise. It also provides a FREE plan suitable for small projects.

Start: FREE/ 100,000 requests per month + 1 API key and access to 5 nodes.

Pro: 20 / 1,000,000 requests per month + up to 3 API keys and access to all nodes Business: 200 / 30,000,000 requests per month + up to 25 API keys and access to all nodes.

Enterprise: 500 / 100,000,000 requests per month + up to 100 API keys and access to all nodes.

Conclusion

For several reasons, creating WebSockets with platforms such as NOWNodes can be important for maintaining high-security levels, constant uptime, and interoperability. Using the code snippet above, you can establish BSC WebSocket and Ethereum WebSocket using Ethers.js. The resulting WebSockets subscription would ensure Real-time communication, enhanced security, and scalability to ensure the growth of Web 3 projects.

Media Contact Company Name: NOWNodesEmail: Send EmailCountry: EstoniaWebsite: https://nownodes.io/

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How to Create javascript WebSockets Subscriptions to Ethereum and Binance Smart Chain through ethers.js? - Benzinga