Yat Siu, chairman of Hong Kong-based Web3 venture capital firm Animoca Brands, said that while non-fungible tokens are currently “competing for attention with memecoins,” their “non-fungible” nature will ensure their continued relevance.Animoca has been investing in NFTs for the long term, but the overall market is struggling to catch up to its peak numbers in 2021 and 2022, according to Cryptoslam. dataThe total NFT trading volume for the week of August 22, 2021 was $3.24 billion, while the market hit around $80 million last week.“NFTs are competing for attention with Mimecoins right now,” Siu told The Block at the Foresight…
Author: Crypto Flexs
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Miami, Florida, August 13, 2024, Chainwire Floki is delighted to announce that its groundbreaking PlayToEarn MMORPG, Valhalla, will be fronting a high-profile advertising campaign spanning the entire 2024-25 English Premier League (EPL) season. This campaign will leverage LED signage during live matches to provide massive global exposure and build brand credibility. The English Premier League is the most popular sports league in the world, attracting more viewers than the UEFA Champions League and the Bundesliga combined. During the 2022-23 season, the EPL boasted a cumulative viewership of 3.23 billion. According to Nielsen data, the league is broadcast to 712 million…
A prominent analyst and trader has warned that Bitcoin (BTC)’s months-long bull run is now just a glimmer of hope. Altcoin Sherpa, an anonymous analyst, told his 219,700 followers on social media platform X that he was watching Bitcoin price closely as it moved near $58,000. According to the trader, an immediate drop below $58,000 could spell trouble for the crypto king. “$58,000 would be my level of interest for BTC. I expect a pullback. The reaction in that area will tell. If you resist strongly, we will test higher levels. Weak or non-existent repulsion = We go to Hades.”…
Alvin Lang Aug 14, 2024 02:27 The EOS RAM Ecosystem Fund, led by Yves La Rose, aims to support the growth and development of the EOS blockchain by funding public goods and community projects. The EOS Network Foundation (ENF) has announced the EOS RAM Ecosystem Fund under the leadership of Executive Director and Founder Yves La Rose. According to eosnetwork.com, the initiative aims to accelerate the growth of the EOS blockchain by funding public goods and community projects. Yves La Rose: A Leader with a Vision Yves La Rose, the driving force behind ENF,…
Bitcoin’s post-halving price action is expected to see a “six-figure valuation” per BTC, a popular technical indicator predicting a bullish pattern for the world’s largest cryptocurrency. Bitcoin (BTC) recently fell below $50,000, trading below its “post-halving growth trajectory range,” according to cryptocurrency data provider Ecoinometrics, based on previous price action.“If we get back to this range before the end of the year, we have a high chance of 1 BTC being worth six figures,” they declared, setting an ambitious target for the Bitcoin price.”Well, assuming the same growth rate as the last 3 cycles, we expect 1 BTC to be…
Celestia (TIA) has been in the market spotlight as one of the best performing altcoins over the past seven days, rising 14.5% to trade at $5.57. However, despite the recent surge, the modular blockchain project’s native token is likely to struggle to sustain its upward momentum, according to on-chain data. Celestia Rally, in jeopardy due to these factors One indicator that points to a potential decline in the price of Celestia is its social dominance, which measures the rate at which an asset is discussed compared to other top 100 cryptocurrencies. For example, if a project has 30% social dominance,…
Company • August 13, 2024 7:10 PM EDT Posted 1 minute earlier ~ in Quick take Grayscale’s newest fund for accredited investors tracks MakerDAO’s MKR token. Coinbase to Offer Cryptocurrency Services in Hawaii Bitfarms Co-Founder Nicolas Bonta Steps Down From Board The following is an excerpt from The Block’s newsletter, The Daily, published weekday afternoons. Happy Tuesday! In today’s Daily, we look at Grayscale’s MKR fund, Coinbase’s re-entry into Hawaii, Bitfarms co-founder resigns from the board, and more. Let’s get started.Grayscale Launches MKR Fund This new trust will allow qualified investors and institutions to gain exposure to MakerDAO’s governance…
Jorg Hiller 13 Aug 2024 17:23 Audio Pitara’s ‘Dil se Dil tak’ podcast, recorded using ElevenLabs’ Hindi AI, has become a global success, garnering significant downloads and topping the charts. Audio Pitara, a podcast production company known for its diverse range of genres including history, horror, and romance, has launched a globally successful podcast titled ‘Dil se Dil tak’. According to ElevenLabs, the romantic story-based podcast was voice-recorded using ElevenLabs’ advanced Hindi text-to-speech technology.Innovation in audio content creationThis year, Audio Pitara began exploring AI audio solutions to reduce production costs and achieve faster turnaround…
Coinbase expands services to Hawaii after regulatory changes ease restrictions Hawaii residents can now buy, sell, and stake cryptocurrencies with up to 12% APY on Coinbase. Coinbase still faces legal pushback from the SEC over regulatory filings Coinbase announced it will expand its services to Hawaii, providing residents with a wider range of digital asset management options. This comes on the heels of significant regulatory changes by the Hawaii Department of Commerce and the Department of Financial Institutions and Consumer Protection (DFI) that open new avenues for cryptocurrency business in the state. Hawaii’s Strict Regulations For years, Hawaii’s strict regulations…
Cardano has the potential to rally to $5 thanks to strong development activity and technical patterns. ADA has seen a significant increase in public interest and network activity, suggesting its fundamental strength. Cardano (ADA) has been one of the worst performing cryptocurrencies among the major cryptocurrencies. However, despite this fact, the asset still managed to maintain its position among the top 10 cryptocurrencies by market cap. Over the past two weeks, ADA has fallen 14.6%. Current price performanceThe sell-off appears to have continued into the past day, with ADA down 1% at $0.3356 at press time. Bullish predictions for adverse…