Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Gaming remains a key driving force behind web3, accounting for nearly one-third of dApps’ daily active audience. Its evolution is fueled by market demand: as millions of users embrace GameFi, blockchain games struggle to handle the load—and build new solutions like game-oriented blockchains to meet growing needs. This further simplifies UX and user onboarding, which will inevitably attract a wave of new players—sparking further growth in the number and quality of gaming-first blockchain networks. You might also…
Moxy partners with Skale Labs to eliminate gas fees, aiming to save $3.5M annually. Moxy’s shift to SKALE Protocol promises a gas-free gaming experience for users. The Moxy-Skale partnership leverages layer-2 tech for cost-effective blockchain gaming. Moxy, a gaming and eSports platform, has partnered with blockchain firm Skale Labs to create a Web3 environment for improved gaming experiences. The collaboration intends to eliminate gas fees for end users by shifting the native Moxy Token (WMOXY) from Ethereum to the SKALE Protocol, transforming blockchain gaming accessibility. Co-founder and CEO of Skale Labs Jack O’Holleran expressed his excitement about the collaboration and…
Financial commentator and Bitcoin critic Peter Schiff recently reignited controversy within the cryptocurrency community by criticizing Bitcoin exchange-traded funds (ETFs). Schiff argued that investing in Bitcoin ETFs undermines the very principles of Bitcoin, a view that surprisingly found support from Charles Hoskinson, founder of Cardano. Schiff’s Argument Peter Schiff’s argument centers on the belief that Bitcoin ETFs erode Bitcoin’s decentralization and peer-to-peer nature. He stressed that with ETFs, Bitcoin is no longer decentralized, can be easily seized by authorities, cannot be used as a currency for payments, and cannot be transferred across borders. Schiff further emphasized the security risks associated…
ETH Beta assets outperform Ethereum, signaling possible shift despite ETH’s price drop. Ethereum ETFs see outflows of $562 million, Grayscale stands out with $7 million inflows. If ETH breaks $2,619 resistance, it could rally toward new highs above $2,927. Ethereum’s (ETH) price is under significant pressure, having dropped below $2,370 for the second time in three days. Despite this decline, its “ETH Beta” assets are holding up better than expected. This shift is raising questions about what might be ahead for ETH and the broader crypto market. ETH Beta Assets Holding Up Prominent crypto trader Daan Crypto Trades points out…
A recent trend in the cryptocurrency market mid-year led to the emergence of thousands of new tokens. While some projects offered substantial profits, others ended in rug pulls. During this period, an astute cryptocurrency investor capitalized on multiple meme coins, reaping significant profits through strategic transactions. Strategic Meme Coin Investments According to Lookonchain, the investor focused primarily on Toncoin (TON) and Telegram ecosystem-related cryptocurrencies. Despite incurring some losses, the investor’s overall profit rate remained high due to timely trades. One notable transaction involved the purchase of Resistance Dog (REDO) coin. Following a change in the TON blockchain logo to REDO,…
AlpacaMoney has recently unveiled a unique collaboration with an open-source modular blockchain infrastructure NULS. The partnership between AlpacaMoney and NULS targets to combine both the platforms’ strengths to establish a relatively versatile and interconnected ecosystem. AlpacaMoney took to its official X account to provide insights into this initiative. 🚀 Thrilled to announce our partnership with @Nuls! #NULS, an open-source modular infrastructure, will leverage #AlpacaMoney’s powerful social tools and asset hub capabilities to bridge multi-chain assets to #TON and #NULS. This will introduce more assets and use cases to the… pic.twitter.com/QByNqYpgDL — AlpacaMoney (@AlpacaMoneyX) September 8, 2024 AlpacaMoney Joins Forces with…
A widely followed analyst is expressing bullish sentiment on Bitcoin (BTC) days after the flagship cryptocurrency fell to a six-month low. The analyst pseudonymously known as Rekt Capital tells his 487,400 followers on the social media platform X that Bitcoin is “still on track for a September breakout.” To achieve that, trader says that Bitcoin needs to get back above the “re-accumulation range low” located at the $60,600 level. Source: Rekt Capital/X Bitcoin is trading at $57,239 at time of writing. According to Rekt Capital, CME gaps have formed in the Bitcoin re-accumulation range that exists between $60,600 and $71,500.…
VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE. The Ethereum (ETH) ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23. Shareholders who still hold EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings. The decision follows VanEck’s regular evaluation of factors such as “performance, liquidity, assets under management, and investor interest, among others.” According to the release, these criteria and…
With the cryptocurrency market evolving, several coins promise potential growth by 2024. Due to their new technologies, applications, and high community demand, these altcoins are gaining investors’ attention besides Bitcoin and Ethereum. This article will discuss five altcoins that could deliver massive gains next year, each presenting something unique to the market. Ethereum(ETH): The Premier Smart Contract Platform Nevertheless, Ethereum is essential in the new generation of cryptocurrencies due to its outstanding intelligent contract offerings. Ethereum’s new upgrade to Ethereum 2. 0 enhances its scalability; this premiere altcoin is ready to keep up the pace of its stunning performance and…
Magic Square and Exodus have partnered to boost Web3 accessibility and security through Passkeys integration. Magic Square is boosting the adoption of crypto products through its pioneering Web3 App Store. Binance Labs-backed Web3 App Store Magic Square has announced a partnership with Exodus Movement, a US-based firm for Passkeys wallet integration. Through this integration, Magic Square aims to enhance the user experience on its platform by delivering a simple-to-use interface and industry-leading security. Details of the Partnership According to the announcement, Magic Square will introduce Exodus’s Passkeys Wallet into the ‘Magic Store’ and ‘Magic Launchpad.’ This integration will allow users…