PiP World launches Gold Rush tap-to-earn game on Telegram
PiP World, a Web3 gaming and edtech ecosystem, has launched a tapping game called Gold Rush on Telegram.
The “tap-to-earn” Web3 game is aimed at capitalizing on the viral nature of mini-games on Telegram, the crytpo-friendly messenger platform with more than 950 million users. Simple games such as Hamster Kombat have taking off in the past few months, getting hundreds of millions of players. New Playbooks in Gaming: From engagement to revenue in a D2C era
PiP World has been building its PiP Trader game in Unity for the past 2.5 years using WebGL tech, meaning it can display decent graphics without requiring the user to do a download. In that sense, the company hopes to level up its PiP Trader to a “triple-A” quality level. The Gold Rush game is a companion game aimed at tapping the virality on Telegram, and the company says its gameplay is far better than existing games on the market. In August, PiP World acquired StockRise, a popular stock trading game on Roblox.
Gold Rush gameplay The game boasts a FlashDrop feature with players battling for a prize pool over $100,000. #BeComecCreator
According to blockchain analytics firm Spot On Chain’s Feb. 28 post on X, the attacker has laundered 266,309 Ethereum Ethereum ETH -9.56% Ethereum, about $614 million, in the past 5 days at an average rate of 48,420 ETH per day. If this pace continues, the remaining 233,086 ETH could be fully laundered within another five days.
The hacker’s money-laundering rampage has caused a record-breaking spike in THORChain THORChain RUNE -15.26% THORChain activity. crypto.news reported on Feb. 27 that daily transaction volumes increased dramatically from an average of $80 million to $580 million per day starting on Feb. 22.
In just five days, the total transaction volume reached $2.91 billion, with THORChain earning $3 million in fees from the increased usage. Feb. 26 alone saw a record-breaking $859.61 million in swaps, followed by an additional $210 million on Feb. 27, pushing the two-day total past $1 billion.
In a Feb. 26 statement, the U.S. Federal Bureau of Investigation officially linked North Korean hackers to the heist. According to the FBI, the Bybit hack, known as “TraderTraitor,” is part of a wider series of cyberattacks attributed to North Korean state-sponsored hackers.
Meanwhile, forensic investigations by Sygnia Labs and Verichain confirmed that Bybit’s security infrastructure remained intact despite the breach. A detailed post-mortem of the hack revealed that the vulnerability was linked to a Safe Wallet developer machine that had been compromised.
The attackers exploited this machine to insert malicious JavaScript code into the Gnosis Safe UI, specifically targeting Bybit’s cold wallet. Safe has affirmed that its smart contracts are safe, but the incident shows that hackers are increasingly focusing on infrastructure providers rather than exchanges themselves.
Bybit has launched a website to track the laundering of its stolen funds and is offering a bounty to exchanges that assist in recovering the assets.
Institutional investors offload their BTC holdings, increasing selling pressure
Bitcoin fell for three straight days this week from its Monday high of $96,500 to Wednesday’s low of $82,256. This price correction was supported by falling institutional demand and rising selling pressure.
According to Coinglass data, Bitcoin spot Exchange Traded Funds (ETF) data recorded net outflows of $2.2 billion in the last three days this week, continuing its ongoing sell-off from over the past weeks. If the magnitude of the outflow continues and intensifies, the Bitcoin price could see further corrections.
The rout in Bitcoin worsened during Asian trading hours on Friday, sending the cryptocurrency down more than a quarter from the all-time high it set less than six weeks ago as traders dramatically reversed bets that followed the election of US President Donald Trump.
The coin was down 5.5% at $79,627 at 12:05 p.m. in Singapore, after hitting its lowest level since November 10. That was part of a broad rout: Ether, the world’s second-largest cryptocurrency, fell 7.3% while smaller tokens Solana and XRP were down 7.1% and 7.8%, respectively.
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