DotArcade Announces IDO launch on January 12
Hochiminh City, Vietnam / DotArcade, one of the most awaited NFT “Empire” games announces the launch of IDO on January 12, 2022 on Gamestation, and on January 15, 2022 on lauchpads: Koistarter, Onus, BSCstation. DotArcade is the first game mix between Arcade and Moba game genre.
While hundreds of other NFT games are following the “old” turn-base and click-to-earn path, the Real-time strategy game – Dot Arcade – is considered to be one of the most anticipated games in 2022.
Grayscale: Most Crypto-Owning Americans Only Started Investing in 2021
2021 saw many Americans jumping into the crypto space. In fact, according to a new report from Grayscale Investments, more than half of Americans owning crypto began trading just this year.
Grayscale Issues New Report Detailing Crypto OwnershipIt can be said for many reasons that 2021 was the era of crypto. One of the main reasons is because assets like bitcoin and Ethereum hit all-time highs, with the former reaching $68,000 per unit in November and the latter spiking to about $4,700 per unit. In addition, this was also the year in which a bitcoin ETF was unleashed on the public. While it is based on futures technology rather than physical bitcoins, many analysts and traders believe this is a solid step forward for the crypto arena.
Interest has really grown this year per data from Grayscale. As many as 1,000 individuals were surveyed between the ages of 25 and 64. Approximately 55 percent of the holders said that they garnered their first crypto sometime this year, while only about 26 percent of the participants said that they had held crypto units prior.
Shiba Inu Likely To Fall Victim to Gravity, Says Bloomberg Commodity Strategist Mike McGlone – Here’s Why
Shiba Inu (SHIB) could be in for some rough times ahead, says Mike McGlone, Bloomberg Intelligence senior commodity strategist.
In the latest edition of the Bloomberg Crypto Outlook, McGlone refers to the popular memecoin as a “Dogecoin wannabe” and “an example of excesses among 13,000 cryptos.”
SHIB made headlines in recent months due to jaw-dropping gains. The 11th-ranked crypto asset by market cap is trading at $0.000057 at time of writing, up a staggering 74,142,662.9% in the past year. However, SHIB has dropped 19.5% in the past month.
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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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The Merge: Ethereum’s Core Developers Met In Person To Assess Proof-of-Stake Transition
Ethereum is taking the first big leap towards its second iteration that will see it transition to the sustainable proof-of-stake consensus mechanism. Core developers converged from every corner of the globe to lay the building blocks.
The Merge In GreeceOver the last week, around 40 developers from Eth1 and Eth2 met at an undisclosed location in Greece to create a multi-client merge devnet. Those in attendance included individuals from the Ethereum Foundation and ConsenSys, all working in unison.
The task was accomplished as “three execution clients and four consensus clients nicely transitioned together from proof of work to proof of stake,” according to Ben Edgington, a top Ethereum developer. He noted that although it was a big win for the community and the beginning of the end for Proof-of-Work, “things are expected to go awry in the short term”.
Coinbase Says Malicious Actors Stole Crypto From at Least 6,000 Traders This Year
Crypto exchange Coinbase says that bad actors have stolen crypto assets from at least 6,000 traders this year.
In a letter posted on the California Attorney General website, Coinbase says hackers took advantage of a flaw in the exchange’s SMS Account Recovery process to receive an SMS two-factor authentication token and gain access to the funds, which they then transferred to wallets unassociated with the exchange.
The hackers had previously secured e-mail addresses, passwords, and phone numbers associated with the impacted accounts, according to Coinbase’s letter.
Coinbase claims no evidence has been found suggesting that personal information was taken from the exchange itself.
US Treasury Targets Crypto Exchanges in Whole-of-Government Effort to Counter Ransomware
The U.S. Department of the Treasury has taken actions targeting cryptocurrency exchanges “responsible for laundering ransoms” as part of the whole-of-government effort to counter ransomware. One cryptocurrency exchange has already been sanctioned along with related crypto addresses. “We will continue to crack down on malicious actors,” said Treasury Secretary Janet Yellen.
US Government Targets Crypto Exchanges in Ransomware FightThe U.S. Treasury Department announced a set of actions to counter ransomware Tuesday, which include the publication of an updated advisory on ransomware and the addition of entities to the Office of Foreign Assets Control (OFAC)’s list of Specially Designated Nationals.
Ukraine Regulates BTC, Gives Crypto an Official Green Light
Ukraine is now the latest country in the world to legalize and regulate bitcoin and cryptocurrency. Up until this point, the world’s number one digital asset has existed in something of a gray space within the country’s borders, but now it looks like the nation is moving forward with BTC use, suggesting that the asset is becoming far more mainstream and legitimate.
Ukraine Says “Yes” to CryptoThe Parliament of Ukraine voted unanimously to not only permit bitcoin activity, but to implement the appropriate regulations to ensure malicious activity doesn’t bring the country down. The bill was first introduced in the year 2020, and now it looks like administrators have moved forward in making it law.
Until the passing of the bill, individuals could potentially trade and invest in cryptocurrencies, though any companies that worked or delved in blockchain and digital assets wound up getting the stink eye from the Ukrainian government. They were put under very close scrutiny and were made to feel rather unwelcome.
Cloud-based blockchain platform SIMBA Chain raises $25M in Series A funding
SIMBA Chain, a platform to develop and deploy decentralized applications (dApps) across many blockchains, announced today it raised $25 million in a Series A round led by Valley Capital Partners.
A startup incubated at the University of Notre Dame, SIMBA Chain offers a simple, time and energy-efficient method for deploying blockchain technology in the most secure and complex environments.
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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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Blockchain platform Fleta set to launch its new cross-chain ‘Converter’ service
Today, the team of blockchain infrastructure platform Fleta, announced that its Fleta Converter will be launched on September 15th. Fleta Converter is a bridge service for freely sending cryptocurrency assets to other networks, utilizing Fleta’s cross-chain technology ‘Gateway‘ system.
Currently, many users feel uncomfortable when sending crypto-assets to DeFi services across different networks. Fleta Converter facilitates users in managing various DeFi services more efficiently.
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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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
EOS Price Analysis: Turns Attractive Above $5
EOS price is showing positive signs above $4.60 against the US Dollar, similar to bitcoin. The price must clear $5.25 for more gains.
EOS Price AnalysisThis week, EOS price saw a decent increase above the $4.20 resistance zone against the US Dollar. The price broke the $4.50 resistance level and the 55 simple moving average (4-hours) to move into a positive zone.
The price even spiked above the $5.00 level, but there was no upside continuation. A high is formed near $5.08 and the price is now consolidating gains. An initial support on the downside is near the $4.92 level. It is near the 23.6% Fib retracement level of the recent increase from the $4.41 swing low to $5.08 high.
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Here’s the Worst Case Scenario for Bitcoin in the Short Term, According to Trading Veteran Tone Vays
Veteran crypto trader and analyst Tone Vays is unveiling his worst-case scenario for Bitcoin in the short term.
In a new strategy session with on-chain analyst Willy Woo, Vays says that with Bitcoin’s recent piercing of the $42,000 level, he’s less convinced of a significant move down for BTC as he expects the king crypto to rally to a new all-time high.
“I still think that there will be a little bit of a pullback. At first, I thought the pullback would go as low as $35,000 at its worst-case scenario, before getting up to new all-time highs. Now that we’ve made it all the way to $42,000 and change, I think the pullback should go no lower than $37,500 before coming back to the forties and eventually breaking out of it sometime in August or early September. That’s basically my overall view on Bitcoin.”
Vays’ perspective is a tweak on his previous prediction where the crypto analyst initially expected a “capitulation day” for Bitcoin, where BTC would print a new 2021 low. Now, Vays thinks the June 21st low of $28,675 won’t likely be seen again as long as Bitcoin reclaims the $42,000 level.