Category: Cryptocurrency News

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Binance users were unable to withdraw Dogecoin due to a “combination of unlikely factors,” the exchange said.

Can I please get a big round of applause for all of you that were able to survive the recent bear market caused by Covid-19 Omicron. (source I absolutely am amazed by all of your persistence for surviving this extensive bear market of roughly 2,5 days. I know most people gave up. But you were…
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In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and it’s not just bitcoin on people’s minds. Experts List Most Mentioned Cryptos on Russian Social Media Brand Analytics, a company specializing in media monitoring in […]

NFTs and blockchain are about to transform the gaming sector forever. In this article, we break down the why and the how. But first let’s explain how we got here. NFTs — Non-Fungible Tokens — have taken much of the internet by storm. In 2020, it was an obscure term familiar only to the most entrenched Ethereum enthusiasts. Now, they are a household world and not only that – a buzzword representing tech innovation. Dozens of other major blockchains now support NFTs – from Bitcoin to Binance Smart Chain. NFTs are unique tokens or digital signatures created on a blockchain (decentralized ledger supported by many different computers on the internet). The process done to create an NFT is called “minting” an NFT. NFTs and cryptocurrencies – the other type of token on a blockchain –  have one major difference. Cryptocurrencies, like any currency, are fungible – designed to be swapped out or replaced by many others just like it. A $20 bill, a quarter, a gallon of water at the supermarket can be replaced by many others just like it. A non-fungible token is an opposite – it is unique. Something non-fungible in everyday life would be a driver’s license. It might cost someone $400 of time and money to get a driver’s license, but one cannot simply hand someone $400 in return for their driver’s license. You need your own unique version. In the same way, non-fungible tokens operate in the digital realm on the blockchain. The world of art, digital art and collectibles embraced NFTs and they are now deeply embedded into the culture of those fields in less than a year. How did this happen so fast? For one, it minimized the power of the traditional gatekeepers in the space.  Art galleries were the centralized gatekeepers who decided which artists would be featured. Now for the first time, an unknown artist could log onto an NFT marketplace from almost any country in the world and mint an NFT. They could display their art and sell it for cryptocurrency. The gatekeepers saw the writing on the wall and embraced this new technology as the future of their industry. NFTs x Gaming The next logical field is that NFTs and the blockchain are poised to disrupt gaming. The gatekeepers, traditional gaming studios and corporations with large gaming divisions such as Nintendo, Sony and Microsoft are making billions in the gaming sector. They are not excited to share their profits. Many traditional gamers and streamers have grown successful and comfortable and are understandably critical of the talk of NFTs disrupting gaming. So how could blockchain gaming win out. Here’s how: The gaming industry is massive and growing. There are now 3.24 billion gamers in the world per this report from Statista. Out of this, there are 2.2 billion mobile gamers. Across the developing world, this figure is projected to balloon next year – and every year after that for some time. NFTs on blockchain make it possible for outsized organic economic growth. Using NFTs as part of a Play-To-Earn model, the economy of any successful game is poised for exponential growth. This can be made seamless through blockchain technology, which is borderless. Players in Tanzania, Thailand and Omaha have no barriers to participate. All they need is a cell phone with an internet connection. Open protocols are more efficient and inexpensive to build on. Public blockchains such as Binance Smart Chain are open protocols. Any developer can build games on Bsc. Ownership of Assets. While traditional gamers could argue that there is an existing Play-To-Earn model, let us take NFTs and how they change this. In-game player characters, skins and attributes as NFTs give ownership to the user. While you could “own” assets inside centralized gaming, you are given that right by the game studio. If the game is shut down, there goes the asset. If this is an NFT you can port this to a crypto wallet, and in the future, you may even be able to port to another game, you will have full sovereignty over your assets. NFTs show ownership, but they also show provenance (who created it when) and the chain of ownership. An NFT used by a champion gamer could have increased value. The concept of royalties is also potential in NFTs, making it a potential win-win for an artist who created it, or even the gaming studio, as well as the players who use and trade it. PizzaBucks Five years from now, the gaming industry will look completely different. And it will be built on the blockchain with full NFT support. A leading gaming creator, PizzaBucks is building its own Metaverse and filling it with NFT-supported Play-To-Earn gaming. The first of these games is an upcoming highly-anticipated AAA-rated high-end graphically composed auto racing game. The game will feature players competing in racers in cities across the globe. It also will feature the customization of cars, avatars, the acquisition of real estate, art, music and collectibles. All of these customizations will be supported with NFTs that are owned by the users that purchase them. Followed by the launch of the first game, PizzaBucks will continue building its gaming metaverse, with full NFT and Play-To-Earn functionality in every game. The gaming ecosystem is being produced on the Binance Smart Chain, allowing a seamless user experience with minimal transaction fees.  

Are you a HODLING? I will admit I cashed out an hour ago I know I will probably get the paper hands lecture but I am Ethereum loyal and wanted to lock in my profits. If it costs me ten percent to re enter after the street opens I will live with that. I am…
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Since its inception, blockchain technology has seen an explosion in products, projects, and use cases and has managed to attract millions of users. However, the industry is dispersed and seems to have lost focus on the problems it tries to solve. Innovation still runs deep on the blockchain-based industry within a select group of projects with a deeper understanding and vision on the future of its underlying technology: to become the future of the internet. In that sense, the Flux ecosystem has emerged as a tough competitor to become the infrastructure that will support that future. This suite of decentralized computing and blockchain-as-a-service (BaSS) solutions with similarities to the Amazon Web Service (AWS) is comprised of its own cloud operating system based on Linux called FluxOS, a Proof-of-Work (PoW) utility cryptocurrency, and enterprise-grade server hardware hosting the Fluxnode network and the entire ecosystem. Every component on the network operates in perfect harmony to create the right incentives that power the Flux ecosystem, mitigate bad actors from attacking it, provide users with an on-chain governance model, and reward miners, node operators and holders. The Flux ecosystem is one of those projects with a long-term vision of onboarding new users into the crypto space by providing real solutions, a critical infrastructure that can support it, easy interoperable development tools, and a vast inventory of use cases for the benefits of the users. In that way, the project seeks to usher in a sustainable new wave of crypto adoption. The Flux Ecosystem And Its Advantages Over Competitors As mentioned, there are many projects trying to tackle different use cases, many more attempting to become the main platform for cloud services and solutions. On Ethereum, many of these projects face limitations in terms of high transaction fees and low scalability. Other blockchain-based cloud service providers, such as the recently launched Internet Computer (ICP), have complicated nodes mechanism and requirements that users need to fulfill in order to become a network participant. In addition, they are components in these platforms that seem centralized with their ecosystem relying on single points of failure. The Flux ecosystem eliminates these tradeoffs with an innovative model that allows any FLUX holder that meets the hardware requirements to participate in the network. These users allow Flux to operate as a completely decentralized platform without a single point of attack as its nodes are distributed around the globe. According to Flux’s whitepaper: With FluxNodes, the goal has always been to have thousands of potential nodes operating on the network, allowing anyone to participate and solve the scalability issue through available raw processing power. Flux, The Future Of Cloud Services In The Hands Of The People Flux has already partnered with prominent names to host and decentralize their infrastructure, a trusted partner is the Kadena blockchain who has a long-running partnership with Flux to deliver their infrastructure, blockchains Firo and Presearch have also partnered with Flux. In addition, Flux supports many other key players in blockchain by helping decentralize their infrastructure, some examples are Coinbase Rosetta, Polkadot and Kusama nodes running on the Flux network. The Flux ecosystem already host decentralized social media solutions such as an alternative privacy-focused frontend for Twitter and the Dropalo messaging project; its own decentralized cryptocurrency price oracle services, so users can have access to real-world data on the blockchain; a great selection of games and game servers, such as Minecraft servers; and the ecosystem enables interoperable capabilities for users to transact with other blockchains and power their smart contracts. Furthermore, the Flux ecosystem is run with aid from its community. As the industry enters an era of institutional participation, many in the crypto space fear that Wall Street and other giants could take over and push their own agendas for the detriment of the users. As a community-driven and open-source project, Flux is fully transparent and focused on community empowerment, major decisions are made by the community using the Flux xDAO (decentralized autonomous organization) governance. In that sense, Flux has gone to great efforts to consolidate its partnerships with global leaders across multiple sectors and become more and more accessible for corporate adoption. This has been achieved while preserving the principles that support the crypto industry at its inception: for users to a role, a voice, and a word at creating the future of the internet.   Image: Pixabay

Bitcoin was the most popular cryptocurrency in Russia in October, outpacing coins like Tether and Litecoin.

Ethereum gained pace above the $4,250 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,400 resistance zone. Ethereum is trading in a bullish zone above the $4,250 level. The price is now well above $4,250 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue higher if it stays above the $4,250 support level in the near term. Ethereum Price Starts Recovery Ethereum extended its decline below the $4,120 level. ETH tested the $4,000 support zone and recently started a steady recovery wave. There was a break above the $4,120 and $4,150 resistance levels. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low. Besides, there was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of ETH/USD. Ether price is now well above $4,250 and the 100 hourly simple moving average. An initial resistance on the upside is near the $4,380 level. The first major resistance is near the $4,400 level. Source: ETHUSD on TradingView.com The 76.4% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low is also near the $4,400 level. A close above the $4,380 and $4,400 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,550 zone in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,400 level, it could extend its downside correction. An initial support on the downside is near the $4,250 level. The first key support is now forming near the $4,200 level and the 100 hourly simple moving average. A downside break below the $4,200 support zone could spark a sharp decline. In the stated case, the price is likely to revisit the $4,000 support zone in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now correcting lower towards the 60 level. Major Support Level – $4,250 Major Resistance Level – $4,400