crypto blog
If you are looking for sports tokens, these might be your best options
The English Premier League has filed crypto and NFT trademarks. Interest in sports-related NFTs is high, given the fact that many companies are getting into the sphere. Each of these tokens has the potential for exponential growth going forward. Flow (FLOW), Chiliz (CHZ), and dotmoovs (MOOV) are some of the best sports-related tokens you can get on June 8, 2022. On June 6, 2022, the English Premier League (EPL) filed two cryptocurrency and NFT trademarks in the U.S., which is a sign that the sports league has plans to expand its brand into the digital sphere. These trademarks were filed with the United States Patent and Trademark Office (USPTO) and showcased in a tweet by licensed trademark attorney Michael Kondoudis. On June 6, 2022, the MetaverseHub team showcased a Flow ...
Metaverse tokens up 400% year on year despite altcoin bloodbath
Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance. The #NFT boom of 2021 has not only drawn mainstream attention to digital art investments, it has also popularized the crypto metaverse. Kraken Intelligence’s report takes a closer look at how the crypto metaverse will change the way we communicate: https://t.co/kjrf6Pu8yg pic.twitter.com/YHpljpBJR9 — Kraken Exchange (@krakenfx) June 7, 2022 The next highest ...
Beer, gambling and crypto: Budweiser races into Zed Run’s NFT games
Popular beer manufacturer Budweiser has teamed up with Zed Run to deploy tokenized Clydesdale draught horses in its virtual NFT-based horse racing and wagering game. The latest move from Budweiser adds to the $120,000 it spent on NFT fan art and the purchase of the Beer.eth domain name it purchased via the Ethereum Name Service in August 2021. Zed Run was founded by Sydney-based Virtually Human Studio in early 2019 and its racing horse NFTs initially went for around $30 to $80 and mint but have since gone on to be highly sought after assets that trade for thousands on secondary markets. One user sold a single race horse for as high as $125,000 in April 2021. As part of the deal with Zed Run, the duo will launch a Budweiser-themed race track, Budweiser NFT passes, prize pools for Bud-sponso...
Human rights activists take aim at privileged crypto critics in letter to Congress
Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a “responsible crypto policy” and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions. The letter comes just a week after an anti-crypto open letter was sent to Congress purporting to be from the scientific community but whose lead signatures included well known crypto critics and authors from high income, democratic countries. The group of 21 activists clapping back include those from countries which have either seen recent conflict or have otherwise unstable economies such as Ukraine, Russia, Iraq, Nigeria, Venezuela, Cuba and even North Korea. The letter states: “We write to urge an open-minded, empathetic approach toward mo...
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
Solana Ventures and the Solana Foundation have formed a $100 million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea. In addition to supporting projects built on Solana (SOL), the fund will help keep some Terra-based projects afloat following the collapse of that ecosystem last month. The Solana Foundation believes the developers from Terra should not be held responsible for what happened on the blockchain network. In an interview reported by Bloomberg on June 8, general manager for games at the Solana Foundation Johnny B. Lee said: “The developers did nothing really wrong, but they’re left in the lurch.” The new fund helps solidify Solana’s aim to become an ideal blockchain for gaming. Solana Ventures l...
TrueFi launches on Optimism, expanding access to on-chain credit
Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders. By launching on Optimism, TrueFi’s lender community will have access to a faster and cheaper user experience, as well as gain exposure to a wider pool of retail lenders. “TrueFi users can now lend, borrow and launch portfolios on Optimism to enjoy dramatically reduced transaction costs and network speeds,” Rafael Cosman, co-founder of TrustToken, told Cointelegraph in a written statement. He further explained: “Since Optimism transactions are on average 77x cheaper than Ethereum, we expect greater adoption from non-institutional lenders, hopefully increasing global access to TrueFi...
Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside
Bitcoin’s (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on June 7, the price rapidly reversed course as Bitcoin rallied back to $31,500, but given the current rejection at this level, traders are likely to proceed cautiously, rather than expect a quick surge to $35,000. BTC/USDT 1-day chart. Source: TradingView Here’s what several analysts are saying about the short-term outlook for BTC and what support levels to keep an eye on moving forward. A clear redistribution range The range-bound trading currently impacting Bitcoin was addressed by crypto analyst and pseudonymous Twitter user il Capo of Crypto, wh...
Chainalysis exec touts blockchain analysis to Senate homeland security committee
The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them. Committee chair Gary Peters of Michigan, who introduced the Strengthening American Cybersecurity Act in February, said the government lacks sufficient data even to understand the scope of the threat posed by ransomware attacks. Attackers almost exclusively ask for payment in cryptocurrency, he added. Several figures were trotted out to qua...
LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking
Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network that provides important off-chain information needed for the proper functioning of smart contracts. Data from Cointelegraph Markets Pro and TradingView shows that since bouncing off a low of $6.67 on June 4, the price of LINK has increased 35% to hit a daily high of $9.00 on June 7. LINK/USDT 4-hour chart. Source: TradingView Here’s a look at what the new developments in the Chainlink ecosystem that could be backing today’s pri...
Best automated market maker (AMM) tokens to get
Uniswap (UNI), PancakeSwap (CAKE), and Curve DAO (CRV) are the best AMM tokens you can get in June. PancakeSwap saw the burn of 6,840,003 CAKE tokens which equaled $32 million. Uniswap made an analysis of how v3 outperforms v2, and Curve Finance saw the addition of new pools. Uniswap (UNI), PancakeSwap (CAKE), and Curve DAO (CRV) have all showcased solid performance as automated market makers (AMMs). According to a report by Uniswap Labs on June 6, 2022, Uniswap v3 outperforms v2 by 160% for 1-bp fee-tier range-bound stablecoin pairs by 80% for 100-bp fee-tiers, 16% for 30bp-fee tiers, and 68% for 5-bp fee tiers. Uniswap also introduced their new Smart Contract Engineer, Sara Reynolds. PancakeSwap also made an announcement that 6,840,003 CAKE tokens were burned, which equ...
Nexus Dubai Projects: a Whole New Defi World Unveils
Dubai, UAE, 6th June, 2022, Chainwire NXD projects have products that possess amazing use cases for users to explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexidius, and Electrum. NXD’s purpose in writing this press release is to give his readers the opportunity to learn more about these products as well as how they can be a part of them. Nexus Dubai (NXD) Token Nexus Dubai (NXD) is a bridging multi-network token that supports various networks. The initial issuance of the Nexus Dubai Token by Polygon blockchain, the touted second layer of the Ethereum network, is based on the next-generation “Proof of Stake” consensus algorithm, which allows fast processing and decentralization. However, the total number of Nexus Dubai Tokens that have been issued is fixed, and if more...
Atlendis Labs Announces the Launch of the Atlendis Protocol V1
Paris, France, 7th June, 2022, Chainwire Atlendis, a capital-efficient DeFi protocol that enables crypto loans without collateral, announced today the launch of the Atlendis protocol V1 on Polygon mainnet, a full-stack Ethereum scaling solution. This is a major milestone for Atlendis (formerly known as JellyFi) following its $4.4 million seed funding round and coming a few months after the alpha release of the Atlendis protocol. Liquidity providers (LPs) can now deposit into the borrower pool of their choice on the Atlendis protocol to start earning interest. Whitelisted institutional borrowers including dApps, protocols and DAOs, can now take out loans in their specific pools. Atlendis is launching with institutional borrowers DeversiFi and ZigZag with an initial credit limit of $10 milli...
