Portal, an integrated blockchain gaming platform, has launched PortalPay, a service that aims to lower the barrier to entry for blockchain gaming by providing users with an interoperability solution that allows them to pay for and cash out in-game assets using 5,000 supported digital assets.To access the on-chain functionality of a blockchain game, users typically need to connect to a MetaMask wallet or another service to interact with the decentralized application and purchase the assets or non-fungible tokens (NFTs) needed to play the game. Many game tokens are also blockchain-specific and have not yet migrated to other chains.In an interview…
Author: Crypto Flexs
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The US Consumer Price Index (CPI) rose 3% year-over-year in June, slightly below the market consensus of 3.1%. Analysts argue that this CPI release is bullish for Bitcoin, but traders are questioning why the Bitcoin price is holding below $58,000. There are three factors that could explain the lack of enthusiasm among investors.Source: Daan CryptoAccording to Daan Crypto, a trader, YouTuber, and analyst, Bitcoin (BTC) weakness could be due to scalpers and market makers trying to liquidate their leveraged long positions. However, the trend favors a “sustained uptrend,” meaning that BTC will rebound to $60,000 in the short term. Essentially,…
Sonic is expanding its reach with EVM compatibility. This move promises to attract Ethereum developers and strengthen the ecosystem. Although still in the early stages of testing, the project has already attracted significant interest. Struggling with development complexity and scaling challenges, Web3 games have struggled to achieve the success many expected. Still, the industry continues to show signs of growth as development efforts continue unabated.One project that is pushing the boundaries of what is possible in this space is Sonic, a gaming-focused Layer-2 rollup built on Solana. Launched in March 2024 with the vision of providing new experiences and expanding…
In a major step forward in enhancing robotics capabilities, NVIDIA has unveiled a new framework called AutoMate, which aims to train robots for assembly tasks in a variety of geometries. This innovative framework, detailed in a recent NVIDIA Technology Blog post, demonstrates its potential to bridge the gap between simulation and real-world applications. What is AutoMate? AutoMate is the first simulation-based framework designed to train both expert and general robot assembly skills. Developed in collaboration with the University of Southern California and the NVIDIA Seattle Robotics Lab, AutoMate demonstrates zero-shot simulation-to-real transfer of the technology,…
Independent market analyst Arsene is not fazed by the recent Bitcoin (BTC) price decline, predicting a massive rally to $330,000 in the current bullish cycle. Smart money is accumulating bitcoinArsene argues that smart people, including institutional investors, market experts, and other financial professionals, have been accumulating Bitcoin during the recent correction, indicating a long-term bullish bias for the top cryptocurrency.“Because this crash is nothing new,” the analyst said, referring to Bitcoin’s previous bull cycles, which occurred every four years and resulted in explosive price increases.For example, Bitcoin’s first bull cycle lasted 800 days in 2012 and the price rose by…
An altcoin backed by cryptocurrency hedge fund Pantera Capital is on the rise after Coinbase, the largest U.S. cryptocurrency exchange, announced a possible future listing for the token. Coinbase has announced in a new announcement that it is adding Stader (SD) to its “listing roadmap,” letting customers know that the exchange may soon add support for the specific asset. As the news broke on Tuesday, SD surged from a daily low of $0.39 to $0.70 at the time of writing, a gain of more than 79%. SD surged to a daily high of $0.85 before bouncing back. SD is the…
Bitcoin Bitcoin +0.0081% According to data from CryptoQuant, currency reserves increased last week. CryptoQuant analysts dismissed the German government’s currency transfers as the cause, but instead explained that the increase was due to increased trading activity by short-term holders on central exchanges.The increase in Bitcoin exchange holdings on Thursday was a reversal from the 2.8% plunge in the digital asset’s value on exchanges last Friday, and a sharp reversal from the 9.5% decline in overall exchange holdings that has been ongoing since the start of the year.According to CryptoQuant data, Bitcoin exchange holdings on Saturday were 2,767,490, but have since…
Animoca Brands Launches Validator on Core BlockchainCore, a Bitcoin-based Layer 1 blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. According to Animoca Brands, this move underscores Animoca Brands’ belief in the potential of the Core blockchain and its commitment to supporting the security and decentralization of the Core network.The role of the verifierValidators are an essential component of a blockchain network. They verify and validate transactions, maintain the accuracy of the ledger, and contribute to the overall security of the network. Animoca Brands is actively participating…
The long-term structure is down, with $2 being a key psychological resistance level. Traders should be prepared for a drop in price below short-term support levels due to liquidation at that level. Stacks (STX) price has risen by 25.8% over the past 3 days. It has risen by 13.25% over the past 24 hours, while Bitcoin (BTC) has fallen by 1.75% over the same period. BTC also saw increased volatility early Thursday. The price jumped from $57,000 to $58,300, then reversed the entire bounce and jumped back to $58,000. STX bulls were able to capitalize on the short-term uptrend swing…
Bitcoin (BTC) hit a new all-time high in a week on July 11 as U.S. macroeconomic data delivered bullish expectations.BTC/USD 15-minute chart. Source: TradingViewBitcoin Reaches One-Week High, Quick RecoveryAccording to data from Cointelegraph Markets Pro and TradingView, the price of BTC briefly but quickly rose to $59,516 on Bitstamp.This is according to the US Consumer Price Index (CPI) for June, which showed that inflation slowed more than expected.Both the annual and monthly CPI came in 0.1% lower than expected, which was positive for both cryptocurrencies and US stock markets.”The all-item index rose 3.0 percent for the 12 months ending in…