Immutable (IMX), a leading web3 gaming company, is making significant progress in the Japanese market through a strategic partnership with QAQA and DM2C Studio. This expansion aims to strengthen digital ownership and innovate gaming experiences in Japan. Player Education and Rewards through QAQA From July 8th to 22nd, Immutable will be co-hosting a two-week event with Japan’s leading social media quiz platform, QAQA. This initiative is designed to introduce web3 games to QAQA’s massive user base. The event will include: Exclusive quizzes sponsored by Immutable and other major web3 projects Up to $1000 worth…
Author: Crypto Flexs
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According to the IOTA Foundation blog, the IOTA Foundation’s ‘Beyond the Chain’ workshop, held at Trinity College Dublin on May 31, 2024, comprehensively explored how directed acyclic graph (DAG) technology can solve the inherent limitations of existing blockchains. Insights from the workshop The workshop was part of the IEEE Blockchain International Conference. CryptocurrencyThe event, which ran from May 27 to May 31, 2024, featured several IOTA Foundation members and attracted a large audience despite being held on the last day of the conference. Keynote by Shai Wyborski Kaspa researcher Shai Wyborski gave a keynote speech…
Ethereum whales have been actively requesting deposits over the past few days. ETH has been in a downtrend after failing to sustain a recovery attempt. Ethereum (ETH) has experienced a range of price volatility in recent times, with attempts at recovery often being thwarted by successive declines. At the same time, there was a noticeable influx of ETH into exchanges, mainly due to whales transferring large volumes. While one might think that this massive inflow would immediately push prices down, further analysis provides additional information. Ethereum Whales Deposit More ETH According to recent data from Lookonchain, whale wallets have deposited…
Bitcoin hit $58,000 at Wall Street’s opening on July 12 as markets reacted to “sticky” U.S. inflation data.BTC/USD 1-hour chart. Source: TradingViewBitcoin, PPI Reaction Positively Join StocksBitcoin (BTC) price momentum is improving after the producer price index (PPI) rose more than expected in June, according to data from Cointelegraph Markets Pro and TradingView.The annual PPI came in at 2.6%, compared to the expected 2.3%, up 0.1% from the previous month. “On an unadjusted basis, the final demand index rose 2.6 percent in the 12 months ended June, the largest increase since it rose 2.7 percent in the 12 months ended…
08 July Solana ETF: Opportunities and Challenges for Conquering Financial Markets Posted at 13:57h In education By Tammy Is this a golden opportunity or just an illusion? Two giants in the financial industry, VanEck and 21Shares, have excited the entire crypto community with their proposal to launch an Exchange Traded Fund (ETF) for Solana (SOL), a cryptocurrency known for its fast trading speeds and low fees. If approved, the Solana ETF would open the door for institutional investors with strong financial potential to participate in the Solana market. This could boost the SOL price, increase liquidity, and make Solana a…
Bybit is the world’s largest centralized cryptocurrency exchange by daily trading volume. It offers leveraged trading on a variety of cryptocurrency pairs and has gained popularity for its user-friendly interface, advanced trading tools, and competitive fees.Bybit’s Founding and Early DevelopmentBybit was founded in 2018 by Ben Zhou, a former executive at Forex broker XM. The company was originally headquartered in Singapore before relocating to Dubai in 2023. Bybit is registered in the British Virgin Islands under the name Bybit Fintech Limited.Bybit until 2019 opinion It handled 10% of global Bitcoin trading volume. The following year, the exchange surpassed BitMEX in…
A decade after Ethereum’s initial coin offering, which raised $18.5 million in Bitcoin by selling roughly 60 million Ether, debates about whether different forms of manipulation tactics were involved still swirl in social media. One theory questions whether the Ethereum founders double-spent investors’ funds to artificially inflate the success of the ICO while allowing them to close the sale with a larger share of Ether under their control. Magazine conducted a joint investigation with Canada-based blockchain forensics experts at Gray Wolf Analytics to determine whether the ICO included double-spending of Bitcoin, an activity deemed fraudulent by the presale’s terms and…
Binance, one of the world’s largest cryptocurrency exchanges, has announced a delisting. TrueUSD According to Binance.com, (TUSD) will be removed from cross and isolated margin trading pairs starting from July 24, 2024 at 06:00 (UTC). Delisting Details Delisting will affect the following trading pairs: Cross Margin Pairs: Bitcoin/TUSD, TUSD/USDT Separated Margin Pairs: BTC/TUSD, TUSD/USDT As part of the delisting process, Binance will stop segregated margin borrowing for the pairs at 06:00 (UTC) on July 12, 2024. Then, on July 24, 2024, 06:00 (UTC), Binance will close user positions, perform automatic settlements, and cancel all…
Analysis suggests that institutional Bitcoin investors are “buying the dip” while BTC prices are hitting multi-month lows.On-chain analytics platform CryptoQuant reported in one of its Quicktake blog posts on July 11 that 100,000 new Bitcoin (BTC) were bought in just one week.Bitcoin institutional buying: $5.7 billion in one weekBitcoin institutional investors aren’t just buying, they’re buying with more confidence than when BTC/USD was trading near all-time highs.This is the conclusion of CryptoQuant contributor Cauê Oliveira, who analyzed the changes in wallet balances of institutions holding between 1,000 and 10,000 BTC this week.These institutions, reflecting the institutional aspect of Bitcoin’s investor…
The 150 largest SHIB custodians added a cumulative 6.54T SHIB during the month. The plummeting exchange reserves show a new trend among SHIB holders. The launch of the Ether Spot ETF is expected to help SHIB’s recovery process. Shiba Inu (SHIB) stood out from the rest of the altcoins this past weekend. As the new week began, SHIB provided relief to investors with a mini-rebound rally of 5% over the past 24 hours.SHIB Exchange Reserves Reduced by 5.53 TrillionSHIB has yet to recover the $0.00002 support level due to its strong price correlation with Bitcoin (BTC). The major digital asset…