blockchain
Bigger, more notable names in gaming will eventually “adopt blockchain technologies”, says Yaniv Baruch. He’s the chief operating officer at Playnance. What Baruch expects will help boost blockchain integrationBaruch acknowledged user experience and complexity as “major barriers” for the gaming companies to switch to blockchain technologies. But innovations like “account abstraction” and “Rollup-as-a-Service (RAAS)” will likely help overcome such hurdles, he told Invezz in an interview on Tuesday. The COO also confirmed that Playnance has “adopted these technologies in our dedicated gaming blo...
Invezz
Leading crypto exchange Coinbase has announced what the market considers the worst news for Enjin Coin (ENJ) enthusiasts. The trading platform confirmed that it will suspend Enjin Coin on 14 June. The update stirred the markets, with many questioning the motive behind Coinbase’s move. Coinbase suspends ENJCrypto exchanges delist assets to make them unavailable for trading by their users. While these are rare, trading platforms have various reasons for such a decision. For instance, digital assets witness accelerated suspension during declined trading volumes. However, Coinbase’s move suggests ...
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Ripple’s XRP capitalized on broad market bullishness in May to surpass the resistance at $0.5 following a 5% price increase. While the remittance token displayed stability within the past 30 days, historical data indicate potential pain for investors in June. XRP has battled bearishness during June over the past decade, with -5.59% in average ROI. Moreover, the median return has been worse at around 9%. CryptoRank data shows Ripple investors have seen consistent losses in June since 2017. While the crypto market remains volatile, XRP statistics appear pretty concrete. Thus, enthusiasts can bra...
Invezz
Top trending meme tokens Trump (MAGA), Turbo (TURBO), and the Bitcoin-based DOG-TO-THE-MOON (DOG) display robust bullishness, surging up to 30% within the past day. The altcoin defied the minor losses witnessed by large-cap digital assets. For instance, Bitcoin and Ethereum dropped 1.80% and 0.81% on their daily price charts. Moreover, the technical outlook suggests further upsides for MAGA, Turbo, and DOG. Trump token leads market recoveryMAGA has seen wild fluctuations as the digital assets industry witnessed volatility. The themed altcoin plummeted by 35% on 30 May as the jury found former ...
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Ronin, an EVM blockchain specifically designed for gaming, is the brainchild of Sky Mavis, the creators of the popular Web3 title, Axie Infinity. This game alone has generated over $1.3 billion in revenue. Ronin stands out for its proven scalability, having handled over $4 billion in NFT volumes and seamlessly accommodating millions of daily users. RON price surgeThe price of RON, the native token of Ronin, is currently $3.19, marking a 6.74% increase in the last 24 hours and a staggering 213% rise over the past year. Ronin’s track recordRonin was rigorously tested in 2021, where it processed ...
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A large-scale investor has attracted the attention of crypto players with massive investments in memecoin Dogwifhat (WIF). The whale has strategically accumulated over 200K WIF coins, worth over $600K at a $2.6 average price. The transaction intrigued many players due to the massive amount involved and timing. Further, WIF was among the altcoins that exploded in the latest broad market rallies, a move that saw it attracting listing on Robinhood and Binance. The wallet completed the series of purchases when WIF traded around the $2.60 mark – offering a lucrative entry after the token’s sharp di...
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Bitfinity Network has announced a groundbreaking development in the blockchain space by enabling Ethereum Virtual Machine (EVM) compatibility on the Internet Computer (ICP) platform. This move allows for seamless integration of Ethereum’s smart contract functionality with Bitcoin-based assets, marking a significant milestone in cross-chain interoperability. The Bitfinity Ethereum Virtual Machine (EVM)The protocol’s Execution Layer launch introduces the Bitfinity Ethereum Virtual Machine (EVM), a Bitcoin sidechain built on the Internet Computer’s tech stack. This innovation enables Solidity-bas...
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In just two years, Pyth Network has achieved remarkable milestones: expanding to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications. To understand the factors behind this growth and its impact on the blockchain ecosystem, Invezz spoke Michael Cahill – CEO, Douro Labs (Core Contributor to Pyth). On rapid growthInvezz: Pyth has reported some fascinating growth numbers. What made this growth possible? I think a big driver in this explosive growth is Pyth’s architecture as a pull oracle. Legacy oracles, and most oracle today, are push oracle...
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Deutsche Bank, a leading German multinational investment bank, has announced its latest move in the crypto and blockchain space. As well as MAS, the collaboration also includes Web3 interoperability platform Axelar Network and Memento Blockchain. Deutsche Bank joins MAS’ Project GuardianOn Tuesday, the financial services giant said it is joining Project Guardian, Monetary Authority of Singapore’s asset tokenization program. Deutsche Bank will use the partnership to explore the “feasibility of asset tokenization applications in regulated financial markets,” it said in a press release. In partic...
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NiceHash, the leading hashrate marketplace, is set to inaugurate the first-ever Bitcoin-focused conference in Maribor, Slovenia. Dubbed NiceHashX, this event is styled as the “Bitcoin Conference on the Sunny Side of the Alps” and will be held over two days on November 8 and 9, 2024. This conference marks a significant milestone, celebrating a decade since the platform’s inception by two Slovenian students in 2014. Local adoption and industry growthA key objective of NiceHashX is to showcase Maribor, and Slovenia more broadly, as vibrant centers for Bitcoin and blockchain technology. Slovenia a...
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