Why Everyone Should Be Paying Attention to GensoKishi Online Metaworld
Most crypto-oriented gaming projects usually run on the likes of Ethereum (ETH), Solana (SOL), EOS (EOS) and Tron (TRX). Despite Ethereum’s (ETH) dominance however, a growing number of game developers are now launching on Polygon (MATIC). GensoKishi Online Metaworld is a part of this list, and it’s simple to understand as to why that is. Polygon is a very active network which is quickly developing to scale Ethereum and also be a dependable platform with relatively cheap trade costs. Polygon is extremely scalable, enabling for the deployment of large decentralised applications without compromising privacy.
As such, GensoKishi Online Metaworld launched its own Telegram channel earlier this month, enabling community members to stay up to date on the project’s progress. Needless to say, the metaverse-based game will be vast, as projected, given the team’s intentions for the metaverse, GameFi, and NFTs.
Michael Saxon Is Growing Treliant’s New Blockchain Division
Multi-industry consulting firm Treliant has brought Michael Saxon onboard as its new senior director. Saxon will work to grow the company’s blockchain and cryptocurrency advisory services for the company’s expanding list of clients.
Saxon Is the Man for the JobSaxon has worked as a consultant for the past several years in the blockchain space. Not only has he advised many up-and-coming firms, but he has also led several new projects that have pushed the digital currency space farther than anyone could have anticipated.
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Dfyn Network Launches Yield Farming and Incentivized Liquidity Mining On the Fantom Blockchain
Dfyn, a leading AMM (automated market maker) decentralized exchange (DEX) platform, has lived up to its multichain spirit by branching towards the Fantom Network in addition to Polygon. The platform has now launched yield farming on the Fantom blockchain alongside an incentivized liquidity program.
The special liquidity program now allows users to deposit into the liquidity pool once connected to the network. To increase investor interest and engagement, the liquidity mining program has launched with incentives amounting to 30,000 $DFYN (the native token of Dfyn). Pairs currently eligible for farming rewards are DFYN-FTM, USDC-USD, BTC-wETH, and DFYN-USDC. The platform plans to incorporate more trading pairs in the future to reach a wider audience.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
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Institutional Investors Pile Into Cardano, Polkadot, and Bitcoin As Crypto Markets Hit New Highs: CoinShares
Digital asset manager CoinShares is revealing that institutional capital is piling into Cardano and Polkadot as Bitcoin and the crypto markets march toward all-time highs.
In a new report, CoinShares says that inflows into digital asset products totaled $80 million last week. Bitcoin (BTC) accounted for 87.5% with $70 million in inflows, which also marked the fifth consecutive week of inflows for the top crypto.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
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Bitcoin Will Hit This Six-Figure Price After Blowing Past $63,000, Says Crypto Analyst Michaël van de Poppe
Cryptocurrency analyst Michaël van de Poppe is saying that Bitcoin (BTC) is set to hit a six-figure price in the current bullish cycle.
The crypto analyst notes that after Bitcoin broke above the $55,000 price for the first time since May, the flagship crypto asset’s current support is around the $49,800 to $51,000 level.
Dennis Lynch: Every Time BTC Dies, It Seems to Come Right Back
Bitcoin is going through another hard time now that China has fully banned it. It’s not like bitcoin has been faced with harsh conditions in the past, but the one thing we can all agree to is that BTC tends to recover every time it deals with opposition. This has been noticed by analysts such as Dennis Lynch of Morgan Stanley, who recently likened BTC to the character of Kenny on “South Park.”
Dennis Lynch Likens BTC to Kenny of “South Park”For those of us who have seen the show before, each episode – or nearly each episode – features the character of Kenny experiencing some majorly gruesome death. It’s become a running joke amongst the show’s creators, and for some odd reason, despite dying in many previous episodes, Kenny always seems to come back unharmed later down the line.
Ethereum Is Moving off Exchanges at a Record Rate – Here’s Why It Could Be Bullish, According to Crypto Analytics Firm
Ethereum (ETH) is moving off centralized exchanges at a record rate, according to the blockchain analytics firm IntoTheBlock.
IntoTheBlock says on Twitter that $1.2 billion worth of ETH left centralized exchanges on Wednesday. The firm also notes that the last time ETH’s exchange outflows exceeded $1 billion, Ethereum’s value skyrocketed within one month.
“[The] last time $1 billion+ left CEXs (centralized exchanges), Ethereum increased by 60% within 30 days.
Source: IntoTheBlock/TwitterThe second-biggest crypto by market cap is trading at $3,437.61 at time of writing, down 3.7% in the last 24 hours. However, the leading smart contract platform is up over 13% in the past 30 days, according to CoinGecko.
IntoTheBlock also highlights that Ethereum is demonstrating a high correlation with the Nasdaq stock market index, suggesting that ETH comes with higher risks and higher rewards.
‘CryptoWhale’ Claims MicroStrategy Is Secretly Working On An Exit Strategy To Dump Its MultiBillion-Dollar Bitcoin Holdings
“Mr. Whale,” the pseudonymous self-acclaimed contrarian cryptocurrency analyst and investor, has accused MicroStrategy of secretly working on a dubious exit strategy for its Bitcoin investment in a recent Twitter thread.
The skeptic also disparaged the enterprise software company’s CEO, Michael Saylor, calling him a “swindler” with a history of frauds and investigations. For context, he states that Saylor racked accounting data in the 2000’s which led to the SEC accusing him of fraud; in 2013, he held anti-Bitcoin views; and in 2020, he only used Bitcoin for publicity for his company while secretly dumping in the market.
IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees.
IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal TenderThe International Monetary Fund tweeted about crypto assets on Saturday, asserting that they are privately issued, come with substantial risks, and are inadvisable for use as legal tender. The IMF wrote: “Privately issued cryptoassets like bitcoin come with substantial risks. Making them equivalent to a national currency is an inadvisable shortcut.”The IMF’s tweet references a blog post written on July 26 by two of its legal counsels, as Bitcoin.com News previously reported. In the blog post, titled “Cryptoassets as National Currency? A Step Too Far,” the authors warned of the risks of making bitcoin legal tender as El Salvador did. One of the concerns mentioned was that “monetary policy would lose bite,” since “Central banks cannot set interest rates on a foreign currency.”Many people on social media mocked the IMF for calling bitcoin “privately issued.” One Twitter user pointed out that the IMF is “framing BTC (a public, open-source protocol) as a ‘privately issued’ asset to discredit its legitimacy over national currencies, which are actually privately issued.”Some argued that fiat currencies come with more “substantial risks” than bitcoin. “Government-issued fiat assets like the U.S. dollar come with substantial risks. Especially when they are loaned out by intergovernmental organizations with a history of bankrupting countries,” one Twitter user opined. Noting that bitcoin and crypto are competing as an international reserve asset, a third Twitter user described:
The IMF is getting nervous because companies and individuals are diversifying their wealth into bitcoin and cryptocurrencies instead of their special drawing rights (SDR).
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
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Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Zilliqa unveils newest ZILHive Accelerator 2021-2022 blockchain projects
Zilliqa, the Singapore-based enterprise-grade blockchain platform, has announced its 2021-2022 cohort of ZILHive Accelerator projects. The ZILHive Accelerator is a six-month program focused on launching blockchain-enabled projects from concept to commercialization.
The accelerator program is part of ZILHive’s end-to-end ecosystem designed to foster innovative blockchain applications throughout various stages of maturity. Startups in the accelerator will be able to apply for additional funding under ZILHive Grants, aimed at supporting specific pre-launch needs such as regulatory compliance or technical integration with third-party apps.
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
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Are Bitcoin Bulls Back? Crypto Hedge Fund Executive Lists 3 On-Chain Metrics Showing BTC Strength
Lex Moskovski, chief investment officer (CIO) of crypto-focused hedge fund Moskovski Capital, is listing what he thinks are positive signals in three on-chain metrics as Bitcoin bulls attempt to spark a new uptrend.
Moskoski says that Bitcoin entities, or active addresses on the BTC network, have recently reached a new all-time high (ATH).
Mila Kunis’ ‘Stoner Cats’ NFT Sale Pulls in $8M — Animated Series Can Only Be Watched by NFT Holders
A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called "Stoner Cats." The project is a show that will only allow token holders the ability to watch the upcoming series produced by Orchard Farm Productions, a studio owned by Kunis.
Animated Series Created by Mila Kunis and Ashton Kutcher Sparks New NFT HypeThe cryptocurrency community and mainstream news publications have been discussing a new NFT project bolstered by Mila Kunis and her husband Ashton Kutcher called "Stoner Cats." The duo has teamed up with popular celebrities such as Chris Rock, Jane Fonda, and the "Family Guy’s" Seth MacFarlane. Ethereum co-founder Vitalik Buterin will be joining the animated series as well playing the character called "Lord Catsington."
Essentially the show is about an older woman called "Ms. Stoner" who lives with a number of mischievous cats. Ms. Stoner has Alzheimer’s Disease and decides to partake in using medical marijuana for her ailments. However, as soon as the elderly woman fish bowls the house, her cats get high and they start talking to each other.