Anichess, a subsidiary of Animoca Brands and a specific game (chess-related) developed in collaboration with Chess.com and renowned five-time world chess champion Magnus Carlsen, has announced its partnership with Team. Secret is a famous and fast-growing international esports brand. The goal of this partnership is to combine competitive gaming with Web3 technology. As part of this collaboration, John Yao, CEO of Team Secret, will serve as a counselor. Relying primarily on chess, this traditional Web3 game introduces new tactics through spells that unlock innovative tactics and gameplay components you may not have considered before. It forces players to reevaluate the…
Author: Crypto Flexs
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Ripple has released its first quarter report of the year highlighting substantial network activity for the XRP token and the XRP Ledger (XRPL). These growth metrics coincide with Ripple making significant progress in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). XRP and XRPL had big wins in the first quarter. Daily spot trading activity for XRP increased 40% during the reporting period, reaching approximately $865 million. The company noted that XRP trading volume across exchanges has remained fairly consistent, with Binance, Bybit, and Upbit accounting for over 70% of total volume. Speculative interest among cryptocurrency…
Bitcoin (BTC) price has solidified its position slightly above the key support level of $65,000, and cryptocurrency traders believe that Bitcoin’s formation remains bullish. Some even doubt speculation that there will be a major adjustment in the near future.“Bitcoin is holding the price so strongly that I don’t think there will be a major correction,” anonymous cryptocurrency trader Yoddha told his 49,000 X followers on May 18.Meanwhile, anonymous cryptocurrency trader Rekt Capital noted that significant correction events have already occurred, with the price of Bitcoin falling 15% from $66,421 on April 24 to $56,792 on May 2, according to CoinMarketCap…
John Bigatton, BitConnect’s former promoter, pleaded guilty to one criminal charge related to providing unlicensed financial services. Bigatton appeared in the Sydney Local Court on May 16 and admitted providing unlicensed financial services on behalf of another person. This is a breach of section 911B(1) of the Australian Corporations Act. BitConnect was a financial services business and online cryptocurrency platform that offered investment opportunities through its website, including a product known as a lending platform. Investors must acquire BitConnect Coin (BCC), a cryptocurrency token, to participate in this platform. The lending platform allowed lenders to invest in, or “lend,” BCC…
The crypto 2.0 industry has been making strong progress in the past year developing blockchain technology, including the formalization and in some cases realization of proof of stake designs like Slasher and DPOS, various forms of scalable blockchain algorithms, blockchains using “leader-free consensus” mechanisms derived from traditional Byzantine fault tolerance theory, as well as economic ingredients like Schelling consensus schemes and stable currencies. All of these technologies remedy key deficiencies of the blockchain design with respect to centralized servers: scalability knocks down size limits and transaction costs, leader-free consensus reduces many forms of exploitability, stronger PoS consensus algorithms reduce consensus…
LINK’s network activity increased along with its price. Most indicators indicated sustained price growth, but some did not. Chainlink (LINK) It has attracted a lot of attention recently, with prices rising significantly over the past week. Interestingly, the popularity of the token has increased. Bitcoin (BTC) There has been a slight decline in dominance recently. Let’s take a closer look at what’s actually happening. Source: CoinStats State decoding in Chainlink IntoTheBlock recently posted: Twitter We highlight some interesting developments related to Chainlink. The tweet first noted a significant increase in LINK search trends data, reflecting renewed interest in the token.…
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Share this article Bankrupt cryptocurrency lending company Genesis Global Holdco received court permission on Friday to return about $3 billion in cash and cryptocurrency assets to creditors as part of its bankruptcy liquidation proceedings. U.S. Bankruptcy Judge Sean Lane made the decision.Judge Sean Lane also dismissed an attempt by Digital Currency Group (DCG) to challenge the distribution plan for the debtor’s assets in the bankruptcy case.DCG opposed the distribution plan, believing that repayments should be limited to the value of the cryptocurrency assets as of January 2023 (at the time of Genesis’ bankruptcy filing). Since then, the value of cryptocurrencies…
Notcoin Users were feeling generous ahead of Thursday. NOT token launch, more than half a million players of the popular Telegram-based clicker game donated a portion of their in-game coins to Telegram founder Pavel Durov. Now that haul is worth millions of dollars, and Durov says he’s keeping it. For a potential 100x gain.More than 552,000 players on Notcoin donated a portion of their in-game coins to Durov. again in februaryIt’s part of an effort by a Notcoin team called Open Builders to thank the founder of Telegram for creating a messaging app that includes cryptocurrency games.In the end, Durov…
GME, the unofficial Solana memecoin parody of US gaming retailer GameStop, has surpassed $100 million in market capitalization amid frenzied trading in its namesake (but unrelated) entity. As of May 14, GME memecoin had returned 2,291% over the past week and was trading at $0.01449 at the time of publication. The move was largely driven by investor interest in shares of GameStop Corp, which is listed on the New York Stock Exchange and has surged 228% over the past five trading days. Solana’s Unofficial GameStop Meme Coin: Source: CoinMarketCapAlso, Bitget on GME memecoin, BingX It appears that there has been…