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1h agocryptodaily
Kenyan Central Bank Makes Its Views on Bitcoin Clear
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has made his views on Bitcoin clear by describing the calls to convert the country’s reserves into the world’s leading cryptocurrency as outright “craziness.” The CBK has long made its displeasure toward digital assets in the country known. According to its Governor, Patrick Njoroge, it would be crazy for anyone to think that the country needs to convert its reserves into digital assets such as Bitcoin. He added that there would be an absolutely dire need before he would agree to such a proposal. Njoroge believes that digital assets are volatile, but apart from that, they simply do not solve any real-life issues. Under the governor’s stewardship, the CBK has issued numerous statements and advisories warning the country’s residents against trading or investing in cryptocurrencies. But despite the central bank and its governor’s views, many studies have suggested that Kenyan citizen's use and investment in cryptocurrencies have grown. As an example, Bitcoin.com published a piece in which they described data from peer-to-peer exchange Paxful which revealed that users from Kenya had digital assets valued at $125 million during the first half of 2022. Despite the fact that so many users in Kenya do in fact rely on cryptocurrencies, in a video recently posted to YouTube, CBK Governor Njoroge continues to question the benefit of cryptocurrencies for the Kenyan economy. Among many statements in the clip, he says: In our economy what problem are they resolving? Are they better vehicles for let’s say payments, transactions? And the answer is no. Are they better in terms of …. security more than a bank account? And the answer is no. Njoroge continues to say that: I do know you are under a lot of pressure from some of these people that are pushing these things. Because for them it is good. I can assure you I have a lot of people that are pushing to put our reserves in bitcoin. Despite the clear evidence of the benefit of cryptocurrencies all over the world, Njoroge still says that he has no plans whatsoever in the near future to see Bitcoin implemented in the country. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10h agocryptodaily
Blockchain game “PROJECT XENO” collaborates with Floyd Mayweather Jr.
Tokyo, Japan, 26th September, 2022, ChainwireCROOZ, Inc. (Listed on Tokyo Stock Exchange Standard Market; Head office: Shibuya-Ku, Tokyo; CEO: Koji Obuchi; hereinafter: CROOZ) has announced that the blockchain game known as “PROJECT XENO” under development by CROOZ is going to collaborate with Floyd Mayweather Jr. who is a former professional boxing world champion in five weight classes. Collaboration with Floyd Mayweather Jr. As announced earlier, the token that is published by EPOCH FACTORY and used in “PROJECT XENO” is just about to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct. “PROJECT XENO” is going to launch the first auction and for this memorial event, the project will collaborate with Floyd Mayweather Jr. The company will hold an NFT auction, including special limited Mayweather characters. Prizes for the participation will also be distributed for winners. For further information about the collaboration, please visit following URL: https://project-xeno.com/content/collaboration_mayweather/ For further information about the first auction, please visit following URL: https://project-xeno.com/auction-nft/ Upcoming in-game token listing (“GXE”) on MEXC Global on 3rd of Oct The token “GXE” published by EPOCH FACTORY which will be used in “PROJECT XENO” a blockchain game is going to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct. The PROJECT XENO team hopes that this special event will raise awareness to this project, and will continue to expand the community. MEXC Global is known as a leading exchange of high performance and transaction matching technology. Founded in 2018 and currently caters to more than 6 million users in more than 70 countries around the world., MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey. YouTuber "Hikaru" has been appointed as an ambassador “PROJECT XENO” reached an agreement with The YouTuber “Hikaru”, one of the top and most popular YouTuber in Japan who has more than 4.8 million subscribers to become an ambassador. This year, which is said to be the first year of Web3, is attracting increasing attention to blockchain and NFTs as the next generation of the World Wide Web. Hikaru, who continues to challenge a lot of new efforts, has been appointed as the ambassador for the project.. XENO will continue to take on new challenges that will create a new wind in the NFT game industry with Hikaru and provide new experiences to everyone. "I am grateful to be appointed as the ambassador for “PROJECT XENO”, said Hikaru. "As some of you may know, my career as a YouTuber was started from a gaming channel. My starting point will challenge the industry that is attracting attention in the future. I will for sure fully enjoy these challenges! And I hope my viewers on YouTube and all parties related to the “PROJECT XENO” will also enjoy the project!" he adds. About "PROJECT XENO" PROJECT XENO is a tactics game with GameFi and e-sports aspects. Players who own NFT characters can acquire tokens and NFTs by playing this game. They can also trade NFTs seamlessly through the in-app wallet and marketplace. Their earnings are securely stored in the "General" in-app account. For further information, please visit the web site or follow the official Twitter account. PROJECT XENO:http://project-xeno.com/ PROJECT XENO Official Twitter(JP):https://twitter.com/PROJECTXENO_JP PROJECT XENO Official Twitter(ENG):https://twitter.com/PROJECTXENO_GLB About CROOZ Blockchain Lab, Inc. Crooz Blockchain Lab, Inc. is a company that focuses on blockchain technology and game development, and also a consolidated subsidiary of CROOZ, Inc. About CROOZ, Inc. https://crooz.co.jp CROOZ, Inc . is an "EC solution company" that develops multiple services related to the EC area, centered on "SHOPLIST.com by CROOZ". Based on the know-how and achievements cultivated through "SHOPLIST.com by CROOZ", we aim to become a leading company in the EC solutions field. Inquiries PR department, CROOZ, Inc. Email: [email protected] *The impact of this business on the consolidated earnings results of the current fiscal year is minor. CROOZ, Inc. Head Office :Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN Established :May 24th, 2001 Capital :460.16 million yen(as of the end of March in 2022) Description : -Formulate management strategies for group companies as a pure holding company -Invest in subsidiaries -Formulate management targets and support efforts to attain the targets CROOZ Blockchain Lab, Inc. Head Office :Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN Established :September 19th, 2018 Capital :40 million yen(including capital reserve. as of the end of March in 2022) Description :Planning and consulting services in the FINTECH area and NFT game planning and operation servicesContactPR [email protected]
1 day agocryptodaily
Oraichain Labs US Broadens Capital Market Access via Tokenization
Oraichain Labs US hopes to democratize access to capital markets with its cutting-edge, security-focused blockchain implementation. The New York-based FinTech firm has launched a Layer-2 network above the Oraichain Mainnet that enables tokenized asset fractionalization and features a new security token standard. Oraichain is reportedly the world's first AI Layer-1. The Oraichain Foundation hopes the network will serve as a foundational layer for more sophisticated, next-generation smart contract-based decentralized applications. OLUS launches permissioned, compliance-focused L2 Oraichain Labs US — also known as OLUS — is looking to extend access to capital markets by fractionalizing real-world and digital assets. The startup has built a Layer-2 network on top of Oraichain. Known as the Oraichain Pro Network, the permissioned blockchain uses a delegated proof-of-stake consensus mechanism. The network itself is a fork of Oraichain Mainnet 2.0, which claims to be the world's first AI Layer-1 blockchain. As explained in a Medium article, the Oraichain Pro Network uses Rollup technology to connect the two chains, meaning the mainchain helps keep the L2 secure. OLUS and its Oraichain Pro Network have a strong focus on compliance, which is lacking in many blockchain ecosystems. Together with the Oraichain Foundation, the two will develop a new token standard that enforces regulatory compliance by default. Previously, regulators have taken issue with the anarchic blockchain industry, and agencies like the Securities and Exchange Commission have faced challenges with startups skirting existing securities regulations. A press release seen by benzinga states that the network's on-chain assets will be capable of enforcing KYC, transaction rules and lockup functions, all of which should make it easier for asset issuers to remain on the right side of the law. The network allows individuals and organizations to tokenize many different kinds of assets. Those issuing assets on the network will upload ownership documentation to a decentralized file storage platform and store a hash of the data on-chain. The press release reads: "Asset owners can then update this documentation on a regular basis, providing investors with a near real-time snapshot of its performance, health factors and cash flows." OLUS seeks Oraichain Pro Network validators OLUS will launch the Oraichain Pro Network's Genesis nodes itself and is appealing to potential validators from the Oraichain community. Those wanting to be involved in the network's launch must fill out a registration form, and submit proof of identity and an NDA. Earlier in September, OLUS put out a call for would-be network validators. A Medium article details node requirements, stating that validators should ensure uptime of 99-100%, and be equipped to resolve any issues with their node that might arise. As such, the startup stresses that those applicants with a technical background have a higher chance of being selected. Anyone can apply to become an Oraichain Pro Network validator but only three will be selected. If chosen, operators will receive $120 each month by way of an incentive and be given early access to OLUS products and features.
1 day agocryptodaily
Space MMOs venture into the world of NFTs
Ever since Johannes Kepler and Jules Verne invented the space genre it has kept expanding the frontiers of our imaginations. In recent decades it has expanded into computer games, MMO games, and now into the world of NFTs and the metaverse. Players can create their own characters and stories, leading rebellions against whole worlds or fighting aliens on the fringes of the galaxy. But not all that shimmers is dilithium. Some NFT games promise a new frontier but so far have delivered little more than stardust. "The real challenge and the real opportunity is keeping our focus on gameplay … , when we start to forget about making great games and start thinking about games as a vehicle or an opportunity for something else, that's when we stray a little bit further from the path", Sid Meier, founder of the Civilization game franchise. Space Economics Space MMO games like Eve Online, Elite Dangerous, and the sprawling Star Citizen have created vast open galactic systems in virtual space. Players can fly and customize spacecraft, band together to fight wars, search for alien artifacts, and explore deep space. Most of these MMOs have game economies but with varying levels of detail. Most allow you to buy and sell spacecraft. Others like Star Wars: The Old Republic and Eve Online allow you to buy buildings and even planets. In 2010, an asteroid cum nightclub in the Entropia Universe was sold for $635,000! In Prosperous Universe you can even build an interplanetary supply chain and sell manufactured products on its Commodity Exchange. NFTs in space NFTs promise to take game economies to the next level by removing several of the problems with in-game currencies and trading. NFTs provide proof of ownership of in-game items. There have been several reported cases of theft of valuable items within games and there must be many more unreported cases. NFTs help prevent theft by showing an undisputable chain of ownership that anyone can look up on the blockchain. Further, an NFT item cannot be traded or taken unless the owner agrees to it on the blockchain. Combined with digital currencies (game specific or general crypto currencies like Bitcoin), NFTs also make trading items much easier. Sellers don’t have to rely on finding buyers in-game, they can sell the item outside the game. In the future, it may be possible to transfer NFT items between games, which creates a bigger market and increased liquidity for items. NFT trades also remove the problem of fraudulent transactions, where the seller transfers an item but the buyer does not send payment or vice-versa. Blockchains transactions which involve NFTs and crypto currencies enable an instantaneous exchange of the coin and NFT. This can even occur between wallets on different blockchains - an atomic swap. NFTs with smart contracts also allow for exciting new forms of transactions for games. Smart contracts allow contract terms to be automated in the blockchain so that enforcement is guaranteed. Items can be sold with a residual percentage share so that the original seller or creator benefits from future sales. There is also the potential for contracts for paid services within a game. If a term is codable it can be enforced. Early movers Early NFT movers in the space-themed MMO genre include CSC, Infinite Fleet, and Star Atlas. CSC (Crypto Space Commander) was founded in 2015 by LA gaming studio Lucid Light. Early access was launched on Steam in 2019. However, in June 2021 Hong Kong's Animoca Brands were brought in to revitalize the game because of a stagnant user base, a lack of recent development, and criticisms of a weighting towards pay-to-win. CSC allows players to fight, mine, and craft unique items. Ships are fully customizable NFTs that players can trade. Crafted items are also NFTs. Players earn royalties anytime a crafted item is sold. Players can also improve their crafting skills within the game. CSC also allows smart contracts between players. Players earn GRP tokens from successful missions, selling items, and mining planets. CSC uses the Ethereum blockchain. Infinite Fleet is a game of interstellar fleet combat that pays homage to 1980s anime such as Space Battleship Yamato. Players are a commander for the United Sol Federation fighting against the Atrox alien threat. Players start with a single ship but can build a whole fleet. Missions can even be run when players are AFK (Away From Keyboard). Infinite Fleet is the brainchild of gaming and crypto veteran Samson Mow who founded Pixelmatic in 2011. Mow cut his teeth at Relic Entertainment helping to develop titles like Company of Heroes and later Might & Magic when he joined Ubisoft. Infinite Fleet is produced by a small but hardcore team at Pixelmatic who are punching above their weight. The game went into Alpha release in March 2021 and entered Beta release on 28 July 2022. New updates seem to be popping regularly and the team are committing to a major release every two months. It’s worth noting that Infinite Fleet is one of the few games that’s delivering on promises and exists in an actual playable state. Players will earn INF crypto tokens from playing the game and participating in events. The tokens use the layer-2 solution Liquid on the Bitcoin blockchain and can be traded outside the game. However, the game can be played with no need for players to interact with the game’s cryptocurrencies - it is totally at their behest. “People should only buy these things if they plan to use them in the game itself,” Samson Mow. In addition to Mow’s gaming chops, Infinite Fleet is also being backed by Tether, crypto industry’s heavyweights. In 2020, Infinite Fleet also raised funds for the project by issuing a Security Token Offering - a token based security. Star Atlas is set in a futuristic universe where three factions vie for territory through space combat. Players can choose to join one of the three factions: one human and two alien. Star Atlas released its first ship JPEG NFTs in September 2021 and its game trailer in October 2021. The trailer was made by Hydra Studios. It has been reported that the graphics in the actual game will use the Unreal 5 engine. A limited mini game “SCORE” is currently available in which players can click a button to send their JPEG NFTs on missions and receive rewards. A DAO (Decentralized Autonomous Organization) and accompanying POLIS tokens were released in July 2022 to allow players to vote on certain governance issues for the universe. A “Galactic Marketplace” has recently been released and allows for trading of the game’s NFTs. According to Star Atlas’s website, the game’s crypto currency ATLAS will be play-to-earn. “I see the value proposition here because we truly understand what that value proposition is to the player”. Michael Wagner, CEO of ATMTA (lead developer of Star Atlas). Lead developers ATMA have a large team of over 200 employees and outsourcers and are backed by crypto exchange FTX and billionaire Sam Bankman-Fried. The NFTs use the Solana blockchain and decentralized finance (DeFi) features are provided through Serum. Early investors are excited to see the eventual release of the promising game. Final Thoughts Fans of the space combat genre are certainly spoiled for choice. With the release of new blockchain games they will have the freedom to trade and govern their favorite universes. Like any new enterprise, some games are more advanced than others, and it remains to be seen which titles can gather a critical mass. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day agozycrypto
Optimism For Groundbreaking Ripple Win Against SEC Fuels XRP Price Surge As Whales Load Up Heavily
XRP has been surging on the back of growing optimism that the perennial dispute between Ripple and the SEC will soon reach a positive end.
2 days agocryptosrus
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
Covered: XRP Rally Settlement Rumors XRP Sharks And Whales XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC). Settlement rumors fuel XRP price boom On Sept. 23, the XRP/BTC pair surged to 0.00002877 […] The post XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable? appeared first on CryptosRus.
3 days agocryptodaily
GameFi platform BinaryX launches strategy game CyberChess with $500,000 Prize Pool
Singapore, Singapore, 23rd September, 2022, ChainwireBinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi. $500,000 worth in BNX Prize Pool and Heroes Giveaway for CyberChess Launch To celebrate the launch, BinaryX will commence Season 1 of Ranked mode battles, where players will stand a chance to win up to $500,000 USD worth of prizes in the first 8 weeks of launch. Over the same period, BNX airdrops will be announced and given away via Discord and Twitter. To get a headstart, players can also stand to receive additional 2 heroes and 2 skills when they enter the code '4morechess' under the settings option in the game menu. New Free-to-Play, Play-and-Earn Model As a free-to-play, play-and-earn web3 game, CyberChess differs from most play-to-earn games, and is designed to allow players to start playing the game without having to make an initial investment. When new players connect to the game for the first time, they can summon 5 free heroes and 2 free skills to start participating in matches with other players. Players can also recharge or make in-game purchases to summon new heroes and acquire new skills. This model lowers the barrier to entry for players new to GameFi and allows players to enjoy the game for its own sake, potentially earning in-game tokens in the process. Robust and Transparent Tokenomics As the third game in the Cyber series, CyberChess adds to the utility of BNX as it offers a new avenue for BNX token holders to consume in-game gold. The gold consumed in CyberChess goes back to funding the development of our games and to support DAO functionalities for community and resource management in the entire ecosystem. BinaryX provides a transparent look into how the funds are being used on their website. Explosive Battle Modes and Strategy-based Gameplay As GameFi continues to mature and evolve as an industry, BinaryX plans to accelerate mass adoption of GameFi by making GameFi games more fun and challenging for players. This includes adding more complicated features and difficulty settings for gamers who want a solid strategy-based gaming experience as well as the earning potential of GameFi. The gameplay for CyberChess pays tribute to the popular auto chess game format in traditional gaming and is designed to elevate the gaming experience for players in GameFi. Players can participate in two battle modes - Ranked and Arena mode. In Ranked mode, players get to go head to head in a PvP match to accumulate in-game gold. On the other hand, players battle it out with other players to rise to the top of the leaderboard and take away an attractive prize pool of $BNX in Arena mode. Read the CyberChess Wiki to learn the gameplay Addition of In-Game Marketplace CyberChess comes with its very own in-game marketplace where players can list in-game assets such as heroes and skills in exchange for gold. This means that players have more avenues to upgrade or accumulate more gold. ‘BinaryX created CyberChess to stand out amongst games in the play-to-earn genre. It comes with a more complex gameplay, which makes the game more challenging and fun for players who enjoy traditional strategy games. We’re excited for our fans to start playing CyberChess and to immerse into the new world we created,’ said Chun S., Global Head of Business Development at BinaryX. Launching as IGO Platform Earlier this year, BinaryX announced its first IGO partnership. With the launch of CyberChess, BinaryX is poised to roll out its ambitious plans to serve as both a GameFi developer and IGO platform. ‘The goal is to be a home ground for gamers, developers and investors to access and interact with GameFi. We aim to be the frontrunner in the space and we have a ton of exciting IGO projects coming up. Launching our IGO platform is the next step,’ Chun said. Watch the Trailer About BinaryX BinaryX is the GameFi platform behind the play-to-earn (P2E) games CyberDragon and CyberArena, both of which run on the BNB chain. BinaryX began as a decentralised derivative trading system. Recognising the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3. As one of the top 10 projects on the BNB Chain, BinaryX has more than 100k coin holders and 15K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 300 million in market cap. BinaryX has a token, $BNX, that has consistently demonstrated strong performance despite the bear market. For more details and information about BinaryX, please visit www.binaryx.pro BinaryX | Twitter | Discord | Telegram | YouTube | MediumContactCommunications [email protected]
3 days agocryptodaily
Helium To Migrate To Solana After Overwhelming Community Vote
Crypto wireless network Helium is officially ditching its own blockchain and moving to the Solana blockchain after a community vote. The vote saw an overwhelming majority of over 80% vote in favor of moving to the Solana blockchain rather than sticking with the network’s own blockchain. The HIP 70 Proposal The proposal to shift Helium, the decentralized WiFi network, to the Solana blockchain, also known as HIP 70, was voted on by members of the Helium community. The proposal concluded its voting phase early on Thursday and saw an overwhelming majority vote in favor of migrating to the Solana blockchain, with the number standing at 81% of the total votes cast. Members wishing to participate in the vote had to stake their Helium tokens (HNT) before voting. For the vote to pass, Helium needed a two-thirds majority in favor of the vote. Around 6177 community members voted in favor of the migration, staking around 12 million HNT tokens, while 1270 voted against it. Migration Could Achieve Better Scalability And Efficiency Helium developers had proposed moving to the Solana blockchain as it would help the protocol scale better, thanks to significantly more efficient transactions and interoperability. Migration would also see all applications, tokens, and governance associated with Helium also move to Solana. COO of the Helium Foundation, Scott Sigel, talked about the Solana migration in a statement, stating, “Solana has a proven track record powering some of the world’s most important decentralized initiatives, and they were an obvious choice for us to partner with. Moving to the Solana blockchain allows us to focus our efforts on scaling the network as opposed to managing the blockchain itself.” What Changes After Migration? Once the migration is complete, HNT, MOBILE, and IOT tokens will also be issued on Solana. They will also continue to be tokens on the Helium Network and ecosystem as well. A new version of the Helium Wallet App will also be available once the migration is completed. All of the history associated with the Helium blockchain will also be publicly available. Users can access the new wallet application by simply updating the current application, and token holders can also utilize other wallets present in the Solana ecosystem, such as Phantom or Solflare. Not Everyone Is Happy While an overwhelming majority of the community voted in favor of migrating, not everyone is happy with the decision to move to Solana. Borderless Capital, a VC focused on Algorand and backed by Helium, suggested that Helium reconsider its choice of moving to Solana and instead shift to Algorand. Founder Explains The Rationale Behind Solana Move Helium is closing in on achieving a million active nodes after significant growth since 2021. According to Helium founder Amir Haleem, when the protocol started, they did not believe that Ethereum could handle a distributed network with its slow throughput and high gas fees. This is why, according to Haleem, the developers of Helium created their own layer-1 blockchain network. However, Haleem stated that this brought its own issues, as everything was intertwined. As a result, if the team tried to fix one issue, it had unintended consequences on the network, leading to frequent outages. “Everything is just like a big, monolithic block. Iterating quickly was hard. Everything you touch… it was a massive, Jenga-like tower, basically. You move one block, and the thing starts wobbling, and we’ve had downtime and outages.” More Reliability Needed According to Haleem, Helium needed a more reliable solution that would also be more appealing to companies and customers that could utilize Helium’s coverage for their products. According to Haleem, the move was necessary to scale and expand the Helium ecosystem. Solana fits the bill thanks to its high speed, being able to process thousands of transactions per second. The Helium wallet private keys are also compatible with Solana, which isn’t the case with other blockchains. This, according to Haleem, would help ease the transition from the Helium blockchain to Solana. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
Five Blockchain Projects To Focus On In 2023
The year so far has been nothing but brutal to the crypto market. Despite continuous development and innovation in the blockchain space, coins have dropped magnificently with the total market capitalization of the crypto market, which stood at $3 trillion in November last year, now less than $1 trillion - representing over a 68% drop in less than a year. The decentralized finance (DeFi) market has witnessed a tougher drop from $97 billion at its peak to $26.26 billion, as of writing. And the once-raging non-fungible tokens (NFT) space needs no explanation - it is technically dead - with NFTs that cost millions of dollars trading over 90% less in value. Nonetheless, if you have been in the crypto market long enough, you must be convinced that the current bear market is just a phase and the market will bounce back quicker than most experts expect. However, as the crypto tides rise, not all projects will rise with it, most of the “useless” projects drowning with no chance of recovery - even when the bull market returns. In this piece, we focus on some of the projects that could be on their way to recovery despite the grime market conditions. We focus on the resistance these projects are showing during the bear market (despite dropping from all-time high values), the developmental promise they offer, their growing communities, the long-term value they will offer, and most importantly, their innovation in the blockchain space. Here are five of the top projects you should set your bets on as you await the end of this treacherous bear market. Ethereum: A new look proof-of-stake blockchain Nothing has captivated the crypto and blockchain community quite like Ethereum merge since the Luna/Terra collapse this year. On September 15th, the second largest blockchain successfully completed its transition to proof-of-stake (PoS) consensus mechanism, the merge, officially deprecating proof-of-work and reducing energy consumption by approximately 99.95%. This is expected to reduce the total world energy consumption by about 0.05%. While the energy consumption is a great deal to conserving the environment, the thing that places Ethereum on our list is the burn rate that is expected to remove over 1.5 million ETH from the ecosystem every year. This offers a great opportunity for Ethereum’s value growth, with the supply decreasing every year. Could we see Ethereum finally overtake Bitcoin as the number one cryptocurrency? T3rn - Full reversion of all blockchain executions If you have ever sent crypto or NFT to the wrong address or the wrong amount, you know it is impossible to recover the funds. This has been a contentious issue across the blockchain community, with proponents of the irreversibility stating it helps to keep the blockchain secure and prevents any interference from third parties, whether centralized exchanges, governments, or banks. On the flip side, opponents argue that for crypto to become a global monetary currency, reversibility of transactions should be implemented, as human mistakes, hacking and theft will remain prevalent despite crypto being implemented. One project, t3rn aims to make this a possibility while maintaining the security properties of blockchains. t3rn is a smart contract hosting platform that offers an innovative solution to interoperable smart contract execution with fail-safe mechanisms built in, that allows only successful transactions to be executed. The t3rn protocol focuses specifically on the fail-safe aspect of cross-chain execution, where an execution finishes in all of the connected blockchains or rolls back all of the trice (side effects). This improves the blockchain ecosystem as a whole, as any mistake (address or amount of funds) can be rectified before it's finalized while maintaining the security of the blockchains connected. As more people adopt the newest innovation in the blockchain space, the adoption rates of crypto will easily go up. It is truly a game-changer in the crypto and blockchain space. Rootstock (RSK) - Bitcoin-based smart contracts It’s almost impossible to look at the future of crypto without including the largest blockchain, Bitcoin, in the conversation. Our third project selection for a futuristic future in the blockchain space is Rootstock (RSK), a project offering users decentralized finance (DeFi) built on Bitcoin. While Bitcoin was specifically created with high restrictions when executing smart contracts in a bid to make it very secure and robust, the launch of blockchains such as Ethereum challenged the developers to create a better platform that could execute advanced smart contracts on Bitcoin. Hence the launch of Rootstock. Since its launch, the platform has welcomed a number of projects into the fray. Recently, the RSK client WakeUp Labs entered into a long-term strategic collaboration with Kilimo (Swahili for ‘agriculture’), a "climate tech" start-up that verifies the water consumption of agriculture businesses. In partnership with WakeUp Labs, an environmental conservation protocol built on RSK, and Kilimo will issue tokenized certificates, or verification NFTs, to entrepreneurs and farmers who create and use responsible water conservation techniques. Additionally, Rootstock also hosts the BitGive Foundation, one of the leading blockchain protocols for making charitable donations. Finally, 88i, an insurance platform, is also built on RSK technology offering clients care services in their insurance in a timely and relevant manner. The platform offers different customers connected with insurance brokers a fast, transparent and easy way to pay their insurance. Looking Glass - Prime Non-fungible token (“NFT”) architecture As the NFT craze reached a fever pitch in 2021, several developers noticed two major obstacles that were hindering the widespread adoption of this latest blockchain-based innovation. The first obstacle was the overall complexity of the creation and purchase experiences, the second obstacle was the lack of applications/blockchains or wallets in which NFTs can be used. With much fanfare still held in these assets, despite the crash in prices during the course of 2022, new NFT platforms are offering investors solutions to these obstacles in a bid to take NFTs back to their all-time high values. Such a project is Looking Glass Labs (LGL), a Web3 platform specializing in the non-fungible token (“NFT”) architecture, immersive metaverse environments, play-to-earn tokenization and virtual asset royalty streams. While current NFT games offer 2D images and lower quality images, LGL allows users to curate next-generation 3D metaverses, allowing functional art and collectibles to exist simultaneously across different NFT blockchain environments. Bridge Champ - Bridge online gameplays Despite blockchain games facing criticism in the recent past, it remains one of the quickest and surest ways for blockchain to reach global adoption. According to a Citi Group report, the metaverse and blockchain gaming space will become a $30 billion market by 2030, with VC companies spending over $4.5 billion on the metaverse so far in 2022. Facebook (now Meta) has already spent over $12 billion on their metaverse project so far. The potential for growth is immense. Jelurida, a blockchain software company that develops and maintains the Nxt and Ardor blockchains, is aiming to capture this market with its investment in Bridge Champ, an online platform that combines bridge gameplay with tournaments and a growing social context to connect millions of players globally. The company makes it easier than ever to design, build and implement custom decentralized applications on public platforms or as private, permissioned or hybrid solutions. As traditional games move to the blockchain, contact bridges such as Bridge Champ will be important to bring more gamers into the space. Conclusion As we end the year, crypto markets look very unlikely to recover their 2021 bullish run. As investors, looking for the right project with a long term value proposition could be the key to big gains if the market recovers in future. The list above is in no way exhaustive but give a pretty good picture of which projects could shape the upcoming bullish run, if any happens in 2023. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
4 days agocryptopotato
Gate Io Offers Zero-Fee Trading on Spot and Contract Markets
[PRESS RELEASE – Majuro, Marshall Islands, 21st September 2022] What’s better than low fees? No fees. Gate.io is excited to announce ZERO trading fees on most spot and contract market trading pairs. The no-fee structure was launched in two phases, first on September 16 (UTC) and then on September 20 (UTC), for spot and other […]
4 days agocryptodaily
Orbs TWAP Protocol Tackles Liquidity and Volatility Challenges
Historically, two of the major obstacles to DeFi applications has been depth of liquidity and volatility. For instance, one large position or order can cause disproportionate price swings for the token in question. However, Orbs, a pioneering innovator in the DeFi realm and the foremost L3 protocol, has addressed this with its new Time-Weighted Average Price (TWAP) protocol. This new product will help both decentralized exchanges and Automated Market Makers by splitting large orders into smaller deal sizes, thus minimizing the impact of the deal upon the market. After the protocol has split the order into smaller orders, it executes the orders at varying intervals over a predesignated time period, thus ensuring the integrity of the price action of a cryptocurrency and ensuring a regular source of liquidity is met. TWAP inside the DeFi arena The TWAP model has been traditionally used within the CeFi setting, through the use of algorithms, however until now, the process has not been supported within the DeFi arena due to the lack of sophistication of EVM smart contracts. Orbs TWAP smart contracts are the engine behind this new protocol, and they work by enhancing the sophistication of EVM smart contracts. This new approach to deal execution will benefit the exchanges, the cryptocurrencies and indeed the traders themselves by leveling out wild price swings that ensue from larger deal sizes. Orbs TWAP protocol backend has been developed to fairly execute a series of deals at the optimum prices with the fairest fees for the user, while maintaining decentralization and security. This product will give its traders new ways to trade and a more sophisticated model for trading, such as through algorithmic strategies which are commonplace in the traditional money markets. According to the CEO of Orbs, Nadav Shemesh, “We are always looking at CeFi as a template for new protocols that can enhance our stakeholders' experience, and TWAP (Time-Weighted Average Price) was no exception. Until now, it has been extremely hard to implement a TWAP strategy in blockchain-based financial primitives in a decentralized manner using EVM-based smart contracts. With our new TWAP Protocol, everyone benefits - be they traders or trading platforms. Besides managing liquidity better, support for more sophisticated trading strategies, automated DCA orders, customizable parameters, and much more can also help us attract institutional participation in-kind.” Dollar cost averaging strategy Traders can also engage in dollar cost averaging strategies, which are becoming very popular in the crypto sphere. This is where a user buys or places a series of orders over time with a fixed dollar amount on a regular basis, regardless of the crypto price. For many, this proves to be an efficient and disciplined way of investing, while removing the stress of typical investing. Finally, Orbs has unveiled a new intuitive user interface for DEX’s and AMMs to easily implement within their platforms. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
4 days agocryptodaily
Send Feedback To Earn: FEED3 To Revolutionize Blockchain Gaming Like Decentraland & Gala
Blockchain gaming is increasingly becoming a fast-growing crypto sector with huge potential. According to cryptocurrency news reports, blockchain games racked up over $2 billion in in-game collectables and accounted for half of blockchain tech usage in 2021. The sector represents one that the new cryptocurrency, FEED3 (FD3), seeks to revolutionize. The arrival of gaming tokens like Decentraland (MANA), Gala (GALA), and FEED3 (FD3) into the cryptocurrency market draws immense revolutionary activities to the blockchain gaming sector. They also draw millions of game players online daily to participate in the multi-billion dollar sector. This guide discusses how FEED3 (FD3), Decentraland (MANA), and Gala (GALA) are increasing traction for blockchain gaming by revolutionizing the sector. Decentraland: Create, Explore, and Trade The Decentraland (MANA) gaming platform's robust architecture and P2E model helps it cater to a network of users, providing them with incentives for engaging in a shared VR world. Decentraland (MANA) gives users access to NFTs, allowing them to explore, play games, and interact. Two tokens—MANA and LAND, control Decentraland's (MANA) operations. LAND is an NFT representing the ownership of digital real estate within the Dececentraland (MANA) metaverse. Decentraland (MANA) token, unlike LAND, is what game players use to buy LAND and other virtual products and services within the Decentraland (MANA) ecosystem. As of April 2022, Decentraland (MANA) gaming platform had over 8000 daily users and over 203,000 monthly visitors. Gala is More Than What Many Think It Is The GALA token is native to Gala (GALA) Games, a decentralized P2E gaming platform like Decentraland (MANA) that rewards players for completing milestones during gameplay. Gala (GALA) Games mirror video gaming giants like PlayStation and Xbox. However, it deviates from a traditional gaming approach, implementing a fully decentralized blockchain-based approach to gaming. Like Decentraland (MANA), Gala (GALA) integrates DeFi, NFTs, and P2E into its ecosystem to enable users to earn and transact while playing. Gala (GALA) Games currently has over 1.3 million active players, who are at the centre of selling over 26,000 NFTs, with the most expensive piece selling for $3 million. FEED3: Blockchain Gaming Feedback is Here The FEED3 (FD3) project is bringing a one-stop solution to enable blockchain-based games to collect feedback from players. FEED3 (FD3) will implement a feedback-to-earn (FB2E) mechanism that will enable game players to earn FEED3 (FD3) tokens in exchange for giving feedback on their gameplay experience. Outside introducing means to generate income for players—reflecting its P2E outlook, FEED3' (FD3) FB2E model will provide decentralized analytics to Web3-based brands. This provision will enhance their improvement and scalability while rewarding and retaining communities. Therefore, the Web3 gaming community will have endless opportunities to record and submit genuine voice-note feedback and benefit from economic opportunities tied to VR games, thanks to FEED3' (FD3) combination of P2E and FB2E models. Its promised capabilities make the FEED3 (FD3) new cryptocurrency one for crypt game enthusiasts to add to their watchlist. The new cryptocurrency is on pre-sale with pre-sale bonuses to apply. Buying during pre-sale Stage 1 guarantees a 5% bonus for total FEED (FD3) bought, 4% in Stage 2, and 2% in Stage 3. Depending on the crypto you purchase with, you will receive equivalent bonuses between a 10% when buying with Binance Coin (BNB), USDT ERC-20, Litecoin (LTC), and Ethereum (ETH), USDT, and 15% for USDT TRC-20. FEED3's (FD3) launch date will be made available by cryptocurrency news. Final Thoughts Crypto enthusiasts are excited about P2E, NFTs, the metaverse, and the cryptos that support and promote their adoption in the crypto world. Statistics show that Decentraland (MANA) and Gala (GALA) are achieving considerable success in the gaming sector. Like them, FEED3 (FD3) has all it takes to succeed. Its combination of P2E, the revolutionary FB2E, and partnership with some major blockchain gaming platforms will play a key role in its journey. It will undoubtedly help the new cryptocurrency project gain massive adoption by crypto enthusiasts when it launches in the cryptocurrency market. For more information on FEED3 (FD3), visit: Website: https://feed3.io/ Enter the pre-sale: https://presale.feed3.io/register Telegram: https://t.me/Feed3Official Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
Binance And FTX Lead Race For Voyager Digital
According to several reports that emerged on Tuesday, Sam Bankman-Fried led FTX and Binance are leading the race to acquire bankrupt crypto lender Voyager Digital and its associated assets. However, as of now, neither offer has been accepted, according to sources close to the matter. Details Of The Bids According to sources, the current bid from Binance stands at $50 million and is slightly higher than the bid lodged by FTX. Both Binance and FTX have emerged in a relatively strong position from the crypto market crash of 2022. This is in stark contrast to other players in the crypto space, such as Coinbase and BlockFi. Both were forced to cut costs significantly and also considerably cut down their workforce to deal with the bear market. Both entities have managed to increase their market share during the pandemic significantly. FTX especially has acquired several distressed entities over the past couple of years as it consolidated its position during the pandemic. Binance and FTX have not responded to any request for comments so far. Earlier this year, Voyager had snubbed an approach from FTX, describing it as a “low-ball bid dressed up as a white knight rescue.” The History Of Voyager Voyager Digital was founded in 2019 and operated a crypto lending platform offering users interest on customer deposits before lending the assets to third parties. In 2019, Voyager Digital went public through a reverse merger, and at its peak, its market capitalization reached a staggering $3.9 billion. However, when filing its bankruptcy, the company stated that its total assets were valued at $5 billion, while its liabilities stood at $4.9 billion. The auction for Voyager’s assets started on the 13th of September and included several bidders such as crypto investment manager Wave Financial along with trading platform CrossTower. However, with time still remaining for the winning bid announcement, we could see a new bidder also enter the fray. Voyager’s Dramatic Collapse Voyager Digital had filed for bankruptcy in July after the collapse, and the subsequent selloff of cryptocurrencies saw an unprecedented number of withdrawal requests that completely drained the company’s reserves. At the time of its bankruptcy, the company’s stock price had dropped by 95%. To mitigate the crisis, Voyager limited and then paused withdrawal requests as it was unable to fulfill the withdrawal requests as it lent out over $1 billion to other companies. Out of this figure, over half, or $650 million, was lent to Three Arrows Capital. Three Arrows Capital was ordered by a court to liquidate after debtors sued the company. Another significant borrower was Alameda Research, also owned by Sam Bankman-Fried. At the time, Alameda had borrowed $377 million worth of crypto from Voyager. Alameda also had a 9.5% equity stake in Voyager and had extended two credit lines to Voyager, $200 million in cash, and the second one being 15,000 BTC. At the time of bankruptcy, Alameda was its largest creditor, with an unsecured, outstanding loan of $75 million. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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About Halcyon

The live price of Halcyon (HAL) today is ? USD, and with the current circulating supply of Halcyon at ? HAL, its market capitalization stands at ? USD. In the last 24 hours HAL price has moved ? USD or 0.00% while ? USD worth of HAL has been traded on various exchanges. The current valuation of HAL puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the Halcyon blockchain network and how it works or follow the price of its native cryptocurrency HAL and the broader market with our unique COIN360 cryptocurrency heatmap.

Halcyon Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply? HAL
Max SupplyNo Data
Mining Info
Hashing algorithmNeoScrypt
Pools (known)2
Pools Hashrate169.04 kH/s
Network Hashrate7.09 MH/s
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