More than a year after its release, Yuga Labs’ project Otherside still dominates metaverse land sales.Otherside is made up of fictional land parcels called “Otherdeeds” and creators called Kodas who reside there. When Otherside first launched on May 1, 2022, it sold out within hours and brought Yuga $317 million in sales. Yuga launched another project, Otherside Expanded, on April 3, 2023 as a companion to the 2D strategy game Otherside: Legends of The Mara. According to a list of top-selling Metaverse NFTs compiled by The Block Research, the top 10 most expensive Metaverse NFTs this year belonged to Otherdeed…
Author: Crypto Flexs
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When is altcoin season? This is the question many traders and investors are asking themselves as we face many challenges over the past two years. First, the deep bear market of 2022 has pushed their preferred cryptocurrency to multi-year lows. Afterwards, when Bitcoin (BTC) soared 180% in 2023, altcoin fans had to look with envy. At the same time, Ethereum (ETH), the largest altcoin by market capitalization, recently hit its lowest level in 18 months compared to Bitcoin. Because of this, some wonder if ETH is dead. And if ETH doesn’t do well, the entire altcoin market will continue to…
The U.S. Securities and Exchange Commission (SEC) has released important dates for the approval process. Bitcoin Spot Exchange Traded Fund (ETF) It is intended for applicants scheduled for release in January 2024. Bitcoin Spot ETF Application Deadline Fox Business journalist and producer Eleanor Terrett recently visited X (formerly Twitter) and share The Bitcoin Spot ETF approval process date provided by US regulators is December 29, 2023. However, the deadline set by U.S. regulators applies to all S-1 Bitcoin spot ETFs. Terrett also highlighted the primary approval process from regulatory watchdogs. It has now been released by the Department of Defense.…
Jay Hao, CEO of OKX cryptocurrency exchange, named five basic principles for listing cryptocurrencies on the platform. Jay Hao posted on his X account that many of his friends are urging him to stake more BRC-20 tokens. However, he explained why this strategy is not suitable for OKX. Many friends urged me to list more brc-20 tokens. Thank you for this kind suggestion. As an exchange, I believe that using the simplest strategy of listing all tokens may help the exchange make money faster, but it will destroy the market. OKX will never…— Star (@star_okx) December 25, 2023 The head…
Over the past year, the Ethereum Foundation has significantly grown its team of dedicated security researchers and engineers. Members come from a variety of backgrounds, including cryptography, security architecture, risk management, and exploit development, and have worked on red and blue teams. Members come from a variety of sectors and have worked to protect everything from the internet services we all use every day to national health systems and central banks. As The Merge approaches, the team is putting a lot of effort into analyzing, auditing, and studying the consensus layer in a variety of ways, as well as The…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. Few cases have generated as much attention as the Sam Bankman-Fried trial. As allegations of fraud and money laundering surfaced at FTX affiliate Alameda Research, the cryptocurrency community was reminded of the need for strong crisis management. Cryptocurrency projects operate in a perfect storm of volatility, regulation, hacking, and technical complexity. Any mistake can snowball into an existential crisis in an instant. The cryptocurrency crisis is not limited to legal battles. Threats range from unauthorized data…
There’s always something happening in the cryptocurrency world, and this year was no exception.From Sam Bankman-Fried and FTX to BlackRock, CZ and Binance, here are 12 top stories from 2023 to enjoy this Christmas.USDC stablecoin loses peg as Circle exposes it to bankrupt Silicon Valley Bank.Last March, the USDC stablecoin fell significantly from the US dollar, falling to $0.88. This comes after Circle announced it was holding $3.3 billion in reserves at the bankrupt Silicon Valley Bank.The disclosure triggered significant USDC selling, with investors turning to other stablecoins like Tether’s USDT or exiting the cryptocurrency market to fiat altogether, causing…
reporter Posted on: December 25, 2023 Since the merger, approximately 339,121 ETH coins have left circulation. After Shapella upgrade, the number of active ETH validators increased by 58%. Ethereum (ETH) has witnessed two major events over the past 15 months that fundamentally changed how the network operates: the Merge and the Shapella upgrade. However, the ETH fan base will be impressed that the impact of these events is positive, even by conservative estimates. ETH becomes deflationary. According to AMBCrypto’s survey of ultrasonic currency data, approximately 339,121 ETH coins have been taken out of circulation since the merger, with the pace…
that much LUNC Community We received an offer from Genuine Labs, a group of experienced developers looking to contribute to the Terra Classic ecosystem. Help us revive USTC and LUNC tokens. What are the latest LUNC offers? According to proposal The goal is for developers with extensive experience with the Cosmos stack to work together under the title ‘Genuine Labs Terra Classic Development Proposal’. L1 Team Improves IBC hooks and Packet Forward Middleware (PFM) functionality. It will also strengthen “end-to-end testing and cross-chain testing of fee charging mechanisms.” These plans are: If implemented, obviously there are many benefits to the…
Dog-themed Solana meme coins for a few weeks dominate ruthlessly There is no end in sight to the cryptocurrency Twitter discourse. But in the end it will look like that Bonk fever It’s broken thanks to another dog-themed Solana meme coin. Dogwifhat (WIF), a startup meme coin that describes exactly what you’re thinking, rocked Twitter this week after climbing. A ridiculous 227,000% In less than a month. WIF holders and Solana ecosystem enthusiasts have been puzzled by the coin’s success this week and are trying to ensure that it continues to rise. Kevin, if you give the blue chips a…