According to analytics firm Santiment, Layer 1 blockchain MultiversX (EGLD) dominates the crypto gaming sector in terms of development activity. According to Santiment, MultiversX, formerly known as Elrond, has registered 228.73 notable GitHub events in the last 30 days. Decentraland (MANA), an Ethereum (ETH)-based virtual reality platform, ranked second with 195.03 events. Wrapped Nine Chronicles Gold (WNCG), the ERC-20 version of NCG, ranked third with 110.37. NCG is the in-game currency of Nine Chronicles, a serverless, fully open-source online role-playing game (RPG). Source: Santiment/X Santiment notes that it uses a “better methodology” to collect data on GitHub events based on…
Author: Crypto Flexs
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Cryptocurrency trading involves buying and selling digital assets such as Bitcoin, Ether, and other cryptocurrencies on exchanges. A trading pair represents two different cryptocurrencies that can be exchanged for each other on a trading platform.Some of the most common types of pairs are fiat-to-crypto. This is when a traditional currency, such as the US dollar, is traded against a cryptocurrency, such as Bitcoin. Pairs are often expressed with the currencies separated by a slash, such as BTC/USD or ETH/USD. You can also trade two digital currencies against each other, such as ETH/BTC. The first currency listed is the base currency,…
Wang Long Chai 30 Aug 2024 22:08 Binance has completed the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). Deposits, withdrawals, and spot trading for SLF tokens are now available. Binance, one of the world’s largest cryptocurrency exchanges, has successfully completed the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF), according to an official announcement.Token Swap and Rebranding DetailsThe token swap was carried out at a 1:1 ratio, meaning that each FRONT token was converted into one SLF token. Binance has opened deposits and withdrawals for the new SLF…
In recent months, the flow from whales to exchanges has decreased dramatically. Network activity was relatively good, but short-term sentiment remained weak. XRP failed to overcome the intermediate resistance level of $0.585. In fact, XRP fell 5.35% from $0.6 to $0.568 in just the last three days. However, on-chain indicators offered hope that the bearish short-term price action would offset the one-year range-bound trading. According to a recent report, XRP whales have taken advantage of the price drop to add over 50 million tokens to their holdings. AMBCrypto took a closer look at other metrics to see if there is…
Yuga Labs co-founder and CEO Greg Solano (aka Garga) announced in a post on X on Friday that the company would be launching a series of new products developed by a small team within the company. Solano, who goes by The Workshop name, explained that he built an internal team after taking over the CEO role from former Activision Blizzard executive Daniel Alegre in February. Yuga Labs cut several roles in April as part of a corporate restructuring centered around this change.“The creativity-first spirit that has driven this company since its founding is being clouded by a labyrinthine corporate process.…
The Ethereum Foundation Ecosystem Support Program (EFESP) has allocated a total of approximately $8.5 million to support 98 projects, according to the Founding Grant Allocation Report published on August 30.The report breaks down projects by type, recipient, and contact, but does not provide a detailed breakdown of how much money each project received.Most of the projects that received support from EFESP fall under the “Community and Education” category, with 41 of them receiving support from the Ethereum Foundation (EF), including events such as the ETH Convention and smaller meetups around the world.Additionally, EFESP supported 28 projects dedicated to “cryptography and…
Jessie A Ellis Aug 30, 2024 22:34 The Hong Kong Monetary Authority warns the public about a fraudulent website linked to DBS Bank (Hong Kong) Limited and provides safety guidelines. According to an official press release from the HKMA, the Hong Kong Monetary Authority (HKMA) has issued a cautionary statement to alert the public to a fraudulent website impersonating DBS Bank (Hong Kong) Limited.Details of fraudulent activityThe HKMA reported that these fraudulent websites were brought to the attention of DBS Bank (Hong Kong) Limited. The websites in question are designed to trick users into…
Top 5 Stories of the Week Binance Under Investigation for Seizing Palestinian Crypto Funds Major global cryptocurrency exchange Binance has confiscated cryptocurrencies from Palestinians at Israel’s request, according to sources close to the industry. Ray Youssef, co-founder of peer-to-peer cryptocurrency platform Paxful and peer-to-peer cryptocurrency platform NoOnes, told X on August 26 that Binance had seized Palestinian funds at the request of the Israel Defense Forces (IDF). “Binance has seized all funds of all Palestinians at the request of the IDF. They refuse to return the funds. All appeals have been rejected,” Youssef wrote, citing multiple sources, including a letter…
Top 5 Stories of the Week Binance Under Investigation for Seizing Palestinian Crypto Funds Major global cryptocurrency exchange Binance has confiscated cryptocurrencies from Palestinians at Israel’s request, according to sources close to the industry. Ray Youssef, co-founder of peer-to-peer cryptocurrency platform Paxful and peer-to-peer cryptocurrency platform NoOnes, told X on August 26 that Binance had seized Palestinian funds at the request of the Israel Defense Forces (IDF). “Binance has seized all funds of all Palestinians at the request of the IDF. They refuse to return the funds. All appeals have been rejected,” Youssef wrote, citing multiple sources, including a letter…
James Ding 30 Aug 2024 22:54 According to BinanceResearch, blockchain technology is expected to revolutionize the payments industry by providing faster, cheaper, and more efficient solutions for cross-border transactions. According to BinanceResearch, blockchain technology is expected to revolutionize the payments industry by providing faster, cheaper, and more efficient solutions for cross-border transactions. Old infrastructure The current payments industry, despite its size and rapid growth, relies heavily on an outdated infrastructure that has been around for over 50 years. Modern fintech companies and card networks such as Stripe, Mastercard, and Visa have greatly improved the…