DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 3642

Moonveil Entertainment secures $5.4M as crackdowns on crypto drives Investment Opportunities

0

Moonveil Entertainment, a Web3 game studio that aims to create immersive and decentralized gaming experiences, has announced that it has raised $5.4 million in a seed round led by Animoca Brands. The round also saw participation from other prominent investors and gaming veterans, such as Dapper Labs, Galaxy Interactive, Polygon Studios, and Ubisoft.

The funding will be used to accelerate the development of Moonveil’s flagship title, a blockchain-based open-world RPG that leverages the power of NFTs and DAOs to create a dynamic and player-driven game universe. The game, which is currently in pre-alpha stage, will allow players to own, trade, and customize their in-game assets, as well as participate in the governance and evolution of the game world.

Moonveil Entertainment was founded in 2021 by a team of experienced game developers who have worked on AAA titles such as Assassin’s Creed, Far Cry, and Watch Dogs. The studio’s vision is to combine the best practices of traditional game development with the innovation and potential of Web3 technologies.

“We are thrilled to have the support of such a stellar group of investors and partners who share our passion for creating groundbreaking Web3 games,” said Alexandre Amancio, co-founder and CEO of Moonveil Entertainment. “We believe that Web3 is the future of gaming, and we are excited to be at the forefront of this revolution.”

Yat Siu, co-founder and chairman of Animoca Brands, said: “Moonveil Entertainment is one of the most promising Web3 game studios in the industry, with a talented team and an ambitious vision. We are delighted to lead this seed round and to support Moonveil in their journey to create the next generation of gaming experiences.”

Crackdowns on crypto drives Trading and Investment opportunities

The cryptocurrency market has been facing increased regulatory pressure from governments around the world in recent months. Nigeria, for instance, has banned all crypto-related activities, including mining, trading, and payments. The US, on the other hand, has proposed stricter tax reporting rules for crypto transactions and hinted at possible legal actions against stablecoins. These crackdowns have caused volatility and uncertainty in the crypto space, leading to price drops and market corrections.

However, despite the challenges and risks, some crypto enthusiasts see these crackdowns as an opportunity to trade and invest in the emerging asset class. They argue that regulation is inevitable and necessary for the long-term growth and adoption of crypto, and that the current market conditions offer attractive entry points for savvy investors. Here are some of the reasons why they believe that crackdowns on crypto drive trading and investment opportunities:

Crackdowns create arbitrage opportunities. Arbitrage is the practice of taking advantage of price differences between different markets or platforms. For example, when China banned crypto trading, the price of Bitcoin dropped significantly in the Chinese market compared to other markets.

This created an opportunity for traders to buy low in China and sell high elsewhere, earning a profit from the price gap. Similarly, when the US announced its tax reporting rules, some crypto exchanges experienced delays or outages due to high demand. This also created an opportunity for traders to exploit the price discrepancies between different exchanges.

Crackdowns increase demand for decentralized solutions. Decentralized solutions are those that do not rely on a central authority or intermediary to function. For example, decentralized exchanges (DEXs) are platforms that allow users to trade crypto directly with each other without a third-party custodian or broker. Decentralized finance (DeFi) is a broader term that encompasses various financial services and applications that run on blockchain networks without intermediaries.

These solutions offer more privacy, security, and autonomy for users than centralized ones. They also enable users to access global markets and financial services without censorship or restrictions. As crackdowns on crypto intensify, more users may turn to decentralized solutions to avoid regulatory scrutiny and interference.

Crackdowns spur innovation and competition. Innovation and competition are essential for the development and improvement of any industry or sector. Crypto is no exception. As crackdowns on crypto pose new challenges and threats, they also motivate crypto developers and entrepreneurs to come up with new solutions and strategies to overcome them.

For example, after China banned crypto mining, some miners relocated to other countries with more favorable regulations and energy sources. Some also switched to alternative mining methods, such as using renewable energy or mining other coins. These moves not only help miners survive and thrive, but also contribute to the diversification and decentralization of the crypto network.

Crackdowns on crypto may seem like a negative factor for the crypto market, but they also create new opportunities for trading and investing. Crypto is a dynamic and resilient industry that can adapt and evolve in response to changing circumstances. As long as there is demand and interest in crypto, there will be ways to access and benefit from it.

Implications of Israel cutting ties with Starlink are significant and complex

0

Israel had announced that it will cut all ties with Starlink, the satellite internet service provider owned by Elon Musk’s SpaceX. The decision comes after months of negotiations between the two parties over the terms and conditions of Starlink’s operations in Israel.

According to a statement issued by the Israeli Ministry of Communications, Starlink has failed to comply with the regulatory requirements and security standards set by the Israeli government. The statement also accused Starlink of engaging in unfair and predatory pricing practices, as well as violating the privacy and data protection rights of its Israeli customers.

Starlink, which launched its beta service in Israel in June 2023, has been offering high-speed internet access to rural and remote areas that are not covered by traditional broadband providers. The service relies on a constellation of thousands of low-Earth orbit satellites that beam down internet signals to small ground terminals.

Elon Musk, the founder and CEO of SpaceX, has announced that his company’s Starlink satellite internet service will support connectivity to internationally recognized aid organizations in Gaza. This is a significant move that could improve the humanitarian situation in the region, where access to reliable and affordable internet is scarce.

Starlink is a constellation of thousands of low-Earth orbit satellites that provide high-speed, low-latency internet to users around the world. Starlink aims to cover the entire globe with broadband internet by 2027 and has already launched over 1,800 satellites as of October 2023.

In a tweet on Monday, Musk said that Starlink will support connectivity to internationally recognized aid organizations in Gaza, such as the United Nations Relief and Works Agency (UNRWA), the International Committee of the Red Cross (ICRC), and the World Health Organization (WHO). He added that Starlink will also offer discounted rates to individual users in Gaza who sign up for the service.

Musk’s announcement comes amid ongoing tensions and violence between Israel and Hamas, the militant group that controls Gaza. The conflict has resulted in hundreds of casualties, widespread destruction, and a humanitarian crisis in Gaza, where nearly two million people live under a blockade imposed by Israel and Egypt.

Internet access is vital for humanitarian aid, as it enables communication, coordination, information sharing, and remote assistance. However, internet access in Gaza is limited by several factors, such as poor infrastructure, high costs, frequent power outages, and censorship. According to a 2020 report by the Palestinian Central Bureau of Statistics, only 58% of households in Gaza have internet access, compared to 77% in the West Bank.

Starlink could potentially improve the internet situation in Gaza by providing a fast, reliable, and affordable alternative to the existing providers. Starlink claims to offer speeds of up to 150 Mbps and latency of around 20 milliseconds, which is comparable to fiber-optic networks. Starlink also operates independently of terrestrial infrastructure, which makes it resilient to disruptions caused by natural disasters or conflict.

However, Starlink also faces some challenges and uncertainties in its mission to connect Gaza. For one thing, Starlink requires a clear view of the sky to work properly, which could be affected by weather conditions or physical obstructions. Moreover, Starlink needs regulatory approval from both Israel and Palestine to operate in their airspace and territories, which could be complicated by political and security issues. Additionally, Starlink may face competition from other satellite internet providers, such as OneWeb and Amazon’s Kuiper, which have similar ambitions to connect the world.

Starlink’s announcement is a welcome development for the people of Gaza, who have suffered from years of isolation and deprivation. By supporting connectivity to internationally recognized aid organizations, Starlink could help improve the delivery and effectiveness of humanitarian assistance in the region. By offering discounted rates to individual users, Starlink could also empower the people of Gaza with access to information, education, health care, and economic opportunities. Starlink’s initiative is an example of how technology can be used for social good, and how private companies can contribute to global peace and development.

However, Starlink’s operations in Israel have faced several challenges and controversies. In August 2023, Starlink was fined by the Israeli Antitrust Authority for abusing its dominant position and charging excessive fees to its customers. In September 2023, Starlink was sued by several Israeli civil rights groups for allegedly collecting and sharing personal and sensitive data of its users with third parties without their consent. In October 2023, Starlink was accused by the Israeli Defense Forces of interfering with its military communications and compromising its national security.

Starlink has denied all the allegations and claims that it has been operating in good faith and in accordance with the law. Starlink has also expressed its disappointment and regret over Israel’s decision to terminate its contract and cut off its service. Starlink has stated that it will seek legal recourse and compensation for the damages caused by Israel’s actions.

The impact of Israel’s decision on Starlink’s business and reputation is yet to be seen. Starlink currently has over 10 million customers worldwide and plans to expand its service to more countries and regions in the near future. However, Starlink may also face similar regulatory and security issues in other markets, especially in the Middle East, where it competes with local and regional satellite providers.

Musk made the offer after US Congresswoman Alexandria Ocasio-Cortez criticized Israel for disrupting communication and the internet in Gaza amid the ongoing Israeli airstrikes. She said that cutting off all communication to a population of 2.2 million was unacceptable and endangered journalists, medical professionals, humanitarian efforts and innocents. She also questioned how such an act could be defended by the United States, which has historically denounced this practice.

Musk responded to her tweet by saying that Starlink would support connectivity to internationally recognized aid organizations in Gaza. He added that no Starlink terminal had attempted to connect from Gaza and that if one did, they would take extraordinary measures to confirm that it was used only for purely humanitarian reasons. He also said that they would do a security check with both the US and Israeli governments before turning on even a single terminal.

However, Israel’s Minister of Communication, Shlomo Karhi, expressed his concern and opposition to Musk’s plan. He said that Israel would use all means at its disposal to fight this, as Hamas, a designated terrorist group, could use it for terrorist activities. He suggested that Musk should condition his aid with the release of Israeli captives held by Hamas. He also said that his office would cut any ties with Starlink if Musk did not change his decision.

The implications of Israel cutting ties with Starlink are significant and complex. On one hand, Starlink’s offer could potentially improve the humanitarian situation in Gaza by restoring internet access and communication lines that are vital for emergency response and coordination. It could also facilitate dialogue and information exchange between different parties and stakeholders in the region, which could contribute to peace and stability.

On the other hand, Starlink’s offer could also pose security risks and challenges for Israel, as Hamas could exploit the technology for nefarious purposes, such as launching cyberattacks, spreading propaganda or coordinating attacks. It could also undermine Israel’s sovereignty and legitimacy in the region, as it could be seen as an interference or intervention by a foreign actor. Moreover, it could strain the relations between Israel and the US, which are already tense over their divergent views on the Israeli-Palestinian conflict.

X now valued at $19 billion as corrected Posts by Community Notes become Ineligible for Revenue Sharing

0

X, the popular social media platform, has reached a new milestone in its valuation. According to Fortune, the company is now worth $19 billion, making it one of the most valuable tech companies in the world. The report cites unnamed sources familiar with the matter, who say that X has raised $1.5 billion in a new round of funding led by Tiger Global Management. The round values X at $19 billion, up from $10 billion in 2019.

X has been growing rapidly in recent years, thanks to its innovative features and loyal user base. The platform allows users to share short messages, or tweets, with their followers, as well as interact with other users through replies, likes, and retweets. X also offers live video streaming, news curation, and various tools for businesses and influencers.

X has also been expanding its global presence, especially in emerging markets. The company claims to have more than 300 million monthly active users, with over 80% of them outside the US. X has also invested in localizing its service and partnering with local media outlets and celebrities.

X’s impressive growth and valuation reflect its potential to become a dominant player in the social media landscape. The company faces competition from other platforms such as Facebook, Instagram, and TikTok, but it has carved out a niche for itself as a source of real-time information and conversation. X also has opportunities to monetize its user base through advertising, subscriptions, and e-commerce.

X’s CEO has expressed his vision for the company as a platform that serves the public conversation and empowers people to speak freely. He has also been vocal about his commitment to improving the health and safety of the platform, as well as addressing the challenges of misinformation, abuse, and censorship. X’s latest funding round is a testament to its success and ambition. The company is now valued at $19 billion, making it one of the most valuable tech companies in the world.

If you are a content creator on X, you might be wondering how Community Notes affect your earnings. Community Notes are a feature that allows users to flag and correct factual errors, spelling mistakes, or other issues in your posts. While this can help improve the quality and accuracy of your content, it also has a downside: posts that are corrected by Community Notes become ineligible for revenue share on X.

Why is this the case? The reason is that X wants to reward original and high-quality content that does not require external editing or verification. When a post is corrected by Community Notes, it means that the content was not sufficiently researched, proofread, or formatted by the creator. This lowers the credibility and value of the post, and therefore reduces its earning potential.

How can you avoid this situation? The best way to prevent your posts from being corrected by Community Notes is to follow the guidelines and best practices of X. Before you publish a post, make sure to: Check your facts and sources. Use reliable and reputable sources to support your claims and arguments. Avoid spreading misinformation or false rumors.

Proofread your spelling and grammar. Use a spell checker or a grammar tool to catch any errors or typos. Avoid using slang, jargon, or informal language that might confuse or offend your readers. Format your post properly. Use headings, bullet points, images, and other elements to make your post easy to read and navigate. Avoid using too many colors, fonts, or emojis that might distract or annoy your readers.

By following these tips, you can ensure that your posts are original and high-quality, and that they meet the standards of X. This will increase your chances of earning revenue share on X, and also boost your reputation and engagement with your audience.

Lionel Messi Makes History, Wins Eighth Ballon d’Or

0

Lionel Messi, the renowned Argentine and Inter Miami football star, has made fresh history by winning an unprecedented eighth Ballon d’Or award, a feat unmatched by any other player in the history of the sport.

Messi previously clinched the prestigious accolade in 2009, 2010, 2011, 2012, 2015, 2019, and 2021. Cristiano Ronaldo holds five Ballon d’Or titles, while Michel Platini, Johan Cruyff, and Marco van Basten have each won it thrice.

The 36-year-old maestro also becomes the second-oldest player to receive this esteemed honor, following his stellar performance in the 2022 World Cup in Qatar, where Argentina emerged as world champions. Only the inaugural awardee, Stanley Matthews in 1956, was older when he claimed the honor at 41.

Former Manchester United player and Inter Miami co-owner David Beckham had the honor of presenting Messi with the award in Paris.

In his acceptance speech, Messi expressed gratitude to his family, teammates, and voters, and particularly acknowledged fellow nominees Haaland and Mbappé for their exceptional performances. He dedicated the award to Diego Maradona and all of Argentina, recognizing their joy as the nation clinched the World Cup title.

“Thanks to everyone, especially my teammates. Thank you to everyone who voted for me. This Ballon d’Or is a great gift for all of Argentina. I don’t want to forget Haaland or Mbappé, who had a great year, spectacular, and in the coming years, they will win this award.

“The level [of competition] never decreases, I have been lucky to be here for many years. I want to provide a special mention for all those people who were happy that Argentina became world champions. Thanks also to all my family, my wife, my children, for being there in the worst moments, and they have helped me fulfill my dreams in football. Without you it would not have been possible,” Messi said.

Reflecting on his illustrious career, Messi expressed astonishment at the heights he has reached and acknowledged the privilege of playing for what he described as the best team in history.

“I couldn’t imagine having the career that I’ve had. Everything that I’ve achieved. The fortune I’ve had playing for the best team in the world, the best team in history. It’s nice to win these individual trophies. To win the Copa America and then the World Cup, to get it done is amazing,” he added.

Erling Haaland, renowned for his prolific scoring record, secured the Gerd Muller Trophy for the best striker of the year after netting an impressive 52 goals last season. Nigeria and Napoli striker Victor Osimhen ranked eight, becoming the first Nigerian player to reach that height. Messi’s closest rival, Cristiano Ronaldo, did not make the Ballon d’Or list this time.

Before Messi’s recognition, Barcelona and Spain midfielder Aitana Bonmatí was awarded the Ballon d’Or Féminin for her outstanding contributions at both club and international levels.

Additionally, Argentina’s Emiliano Martinez claimed the Yashin Trophy for best goalkeeper, and England’s Jude Bellingham of Real Madrid was honored with the Kopa Trophy for the world’s top player under 21.

Messi’s exceptional performances in the 2022 World Cup, culminating in Argentina’s triumph, solidified his legacy and earned him his eighth Ballon d’Or. His leadership and contributions on the field were instrumental in Argentina’s victory after a 36-year wait for World Cup glory.

Having faced heartbreak in previous World Cup campaigns, Messi’s crowning moment in Qatar was a testament to his resilience and determination to achieve football’s highest honor.

With his eighth Ballon d’Or, many believe that the former Barcelona playmaker has sealed his place as the Greatest of All Time in football.

All Rights Reserved!

0

I remember back then while I was still growing up, whenever we watched a new Nollywood movie, one of the unskippable intro pages would say “All rights reserved”. Same with books and novels; whenever I pick up a book to read I will see one of the early pages say “All Rights Reserved”.

With a childlike curiosity, I kept wondering and asking what the phrase “All rights reserved” meant. Not until I became a lawyer did I fully understand and appreciate what the phrase “All rights reserved” meant in its full legal context.

In layman’s terms; All Rights Reserved is an intellectual property protection that an author or a movie maker inscribed on his work as a disclaimer so as to ensure that the work is not copied, reproduced, distributed or dubbed without his consent or authorization. It simply means that the creator of the work has a copyright over the work. 

All rights reserved explained in a legal or intellectual property protection context means that the owner or creator of a work, such as content, intellectual property, or a product, retains exclusive rights and does not grant permission for others to use, copy, or distribute it without explicit authorization. This means that no one may use your work unless they obtain your explicit authorization or permission. 

Although this statement is not legally required nor is it a thing of necessity and failure to include it has no legal implication and does not rob the creator of the copyright he enjoys on his work, but authors and creators rather include the phrase on their work because just as it is said that “it is better to err on the side of caution”. 

So when it is not written as All Rights Reserved a copyright disclaimer issued by a creator over his work can be written in any of the following formats or styles; 

  1. the copyright symbol “©” affixed only 
  2. The name of the author or the creator of the work. It can also be the name of an organization, a business, or a corporate name affixed on the work to show ownership 
  3. The current year or year range in which the work was created 
  4. a statement of ownership (“All Rights Reserved”).

For example, if I want to issue a disclaimer over this article written in October 2023 as the publisher; I would notify others of the copyright by placing one of the following notations at the end of the article if it is a book it will be affixed on all the published copies of the book:

  • © October 2023 Stan Alieke 
  • Copyright 2023 Stan Alieke 
  • Copr. 2023 Stan Alieke 
  • All Rights Reserved Stan Alieke 2023

Please note that not adding this disclaimer or the All Rights Reserved phrase does not and will not in any way rob me of the copyright I ought to have enjoyed over the work as the creator.