Day: April 20, 2022

Blockchain-based Games Rallied Up 2,000% in One Year, DappRadar’s Latest Report Shows

DappRadar, a major online platform that offers information and insights about all the existing blockchain-based decentralized applications (DApps), Wednesday disclosed through its Blockchain Games Report that interest in blockchain-based games has risen by 2,000% since Q1 of 2021. The study shows that blockchain games are leading in decentralized applications, which put them at 52% of all blockchain activities. The report further reveals that blockchain games attracted 1.22 million unique active wallets (UAW) in March of this year. According to the report, Axie Infinity, a platform that offers decentralized games, was…

APE price climbs 55% in three days as a ‘BAYC land drop’ rumor goes viral

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ApeCoin (APE) price has exploded higher on anticipations that it would become a de-facto payment token in an upcoming metaverse land sale. APE price swelled nearly 28% in one day to reach over $17 per token on April 20. The rally came as a part of a rebound from three-day lows under $11, resulting in a 55% gain. APE/USD four-hour price chart. Source: TradingView BAYC land airdrop A rumor circulating across social media platforms since April 18 suggested that the owners of the Bored Ape Yacht Club (BAYC) and Mutant…

BITCOIN & CRYPTO DROP. HERE’S WHY + THE GOOD NEWS.

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Brazilian Development Bank Sets Deadline for Completion of Blockchain Network – Bitcoin News

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The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five years. Brazilian Blockchain Network Development Powered by a New Partnership New details are available on the development of the Brazilian Blockchain Network, a common rail that will be used as a base for…

Blockchain Can Improve Climate Crisis through Smart Contracts, Study Shows

As climate change is considered a desperate issue in modern times. Blockchain technology is expected to act as a stepping stone towards addressing economic complexities and interoperability when transiting to renewable energy, according to a report by Chainlink Labs and Tecnalia. As a leading provider of open-source blockchain oracle solutions, William Herkelrath believes Chainlink Labs will help create a data-driven backend infrastructure required to tackle the climate crisis.  The managing director at Chainlink Labs added: “By using Chainlink to bridge some of the highest-quality climate data in the world…

Bitcoin ‘buy’ signal excites as dollar, gold extend losses, BTC price heads past $41.5K

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Bitcoin (BTC) closed above a crucial level into April 20 as the daily chart offered a long-awaited “buy” signal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin is a buy at $41,500 Data from Cointelegraph Markets Pro and TradingView confirmed a daily close at $41,500 on Bitstamp for Tuesday. A strong performance, the sustained gains meant that fresh upside should be incoming, according to one trader eyeing a buy/sell indicator on daily timeframes. Last Sell Signal was at 46K$BTC Dumped 38KNow Buy Signal at 41K. Note: $BTC Needs Daily…

Binance.US awarded money transmitter license in Puerto Rico

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Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia.  Binance.US was launched as a second attempt by Binance CEO Changpeng Zhao to cater to investors in the United States as the nation banned Binance’s primary operations, citing regulatory concerns. The new license from Puorto Rico further strengthens CZ’s vision “to be licensed everywhere.” According to the announcement, the money transmitter license…

Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says

With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.  For a holistic transformation to be witnessed in the conventional financial landscape, Chowdhury believes the adoption of cutting-edge technologies like blockchain should happen even though digitalisation, improved UI/UX, and competitive pricing are happening at the front-end.  Blockchain adoption continues to tick based on various factors, such as improved transparency, better capital optimisation, decreased counterparty risks and errors, instant cross-border…