Author: NBTC
Despite a surge in network activity, the ETH price stays under $2,300 and takes a stand at a declining support trendline. Will Ethereum manage a bounce back or crash to $2,000? Trapped in a bear channel, the Ethereum price is under extreme selling pressure, which puts massive pressure on the support trendline. Falling under $2,300, the minor recovery over the weekend with the network growth retests the broken $2,350 zone. With a higher price rejection and rising sell signals, Ethereum struggles to reclaim the $2,300 level and warns of a bearish continuation. Will this bearish continuation lead to the support…
Optimism’s Retro Funding round 5 is open for applications until September 5, 2024. The Optimism team has also welcomed new Ethereum Layer-2 Soneium to the Superchain. Optimism has announced that its Retroactive Public Goods Funding (Retro Funding) 5 round is now open for applications. According to the platform’s announcement on August 23, Optimism (OP) contributors have until September 5 at 19:00 UTC to submit applications. Eligible projects will win part of the 8 million OP the new round has available to Ethereum core developers, OP Stack research and development teams and OP Stack tooling developers. Who’s eligible for Retro Funding…
For many years, blockchain gaming remained in the foregrounds of other Web3 novelties, until in 2024 its potential was finally recognised. To explain the reasons behind success, the article carries out a retrospective journey to the roots of GameFi, unveils play-to-earn concept, highlights key milestones of a formerly niche sector. CryptoKitties and Axie Infinity: How It All Began While blockchain-based gaming has tapped to score mass recognition, these attempts did not seek any remarkable success until 2017 – the year when renowned CryptoKitties was launched. Powered by Ethereum blockchain, CryptoKitties gameplay was put simply: players could purchase, breed, and trade…
In 2024, Binance honored Selçuk Aydın with the prestigious Social Advocate Award for his groundbreaking work in making cryptocurrency accessible to the hearing impaired. A passionate crypto advocate, Aydin created the world’s first crypto-dedicated YouTube channel and Telegram group for Turkish deaf users, where he simplifies complex cryptocurrency concepts through Turkish Sign Language. Aydin’s YouTube channel features videos explaining everything from basic crypto concepts to the intricacies of Binance’s tools and features in sign language. Using visuals from Binance Academy, Aydin’s channel is a first-of-its-kind resource designed to help the hearing impaired easily navigate the rapidly evolving world of digital…
Morgan Stanley’s 15,000 advisors will start pitching Bitcoin ETFs on August 7, 2024. Only clients with a net worth of at least $1.5 million will be targeted. BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund are the focus. Starting Aug 7, 2024 (tomorrow), Morgan Stanley’s 15,000 wealth advisors will begin pitching Bitcoin ETFs to their clients. This move marks a significant step in the mainstream adoption of cryptocurrency investments. The two ETFs in focus are BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. BREAKING: 🇺🇸 Morgan Stanley’s 15,000 wealth advisors will start pitching clients to buy…
Kyle Samani highlights that Ethereum’s interoperability issues and Layer 2 value capture loss account for 80-90% of its recent performance decline. Samani criticizes Ethereum’s focus on decentralization, arguing it overlooks user needs and financial efficiency compared to Solana’s approach. Samani doubts the feasibility of unifying Layer 2 standards, suggesting Ethereum’s design limits the effectiveness of its regulatory and talent advantages. Kyle Samani, Managing Partner at Multicoin Capital, has recently addressed pressing challenges that impact the performance of Ethereum. In a recent interview, he focused on critical issues related to interoperability and value capture. Interoperability Challenges Samani emphasized the ongoing problems…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! It’s been a recent bugaboo of mine that people in crypto feel less inclined than before to actually explain why anything they’re doing matters or will matter to people in the real world. I’m not the first to point this out — financial nihilism has become a popular explanation for why memecoins took off — but it got me thinking about whether new users would enter a space so uninterested in explaining itself: New Solana users don’t seem…
Eve Online creator CCP Games announced Thursday that its upcoming survival-centric blockchain game, previously referred to as Project Awakening, will launch as Eve Frontier instead—and that it’s being built within the Ethereum ecosystem. Eve Frontier, as it has been rebranded, is an on-chain space simulation game that players will be able to mold and expand as they see fit—and they must collaborate or face certain doom, CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG earlier this year. Alongside the rebranding announcement, CCP Games announced Thursday that Eve Frontier is being built on Ethereum. The game will feature…
Memecoins are no longer just for gags and have become an essential part of the community. Floki Inu, the dog-themed memecoin introduced its very own trading bot. Monikered the Floki Trading Bot, is essentially a program that automates the buying and selling of cryptocurrency on various exchanges such as on Ethereum, BNB, and other exchanges. This bot is offering the crypto world streamlined, fast, and secure trading solutions through telegram, helping the trader escape slow traditional DEXs, that can cause slippage and lost profit. Tired of losing opportunities to slow DEXs, slippage, and high transaction times? Those delays can mean…
It has emerged that Bitcoin (BTC) whales have taken advantage of the recent sell-off to accumulate the maiden cryptocurrency, suggesting a possible upcoming price breakout. The whales’ purchases are highlighted by data shared by crypto analyst Ali Martinez in an X post on August 4, where the large holders acquired over 30,000 BTC, amounting to approximately $1.62 billion in 48 hours. Indeed, the massive buying spree is highlighted by a surge in exchange outflows and a notable decrease in BTC supply held on trading platforms. “In the past 48 hours, Bitcoin whales acquired over 30,000 BTC, valued at approximately $1.62…