Day: December 1, 2022

Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity – Bitcoin News

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According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, down from just above 900,000 UAWs recorded during the last two months. Moreover, Dappradar says that blockchain gaming accounted for “a healthy 46% of all blockchain activity.” Report: Blockchain Gaming Shrugs off FTX Collapse With…

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear?

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Bitcoin is retracing its recent week losses, and it’s about to reclaim the support lost during the FTX debacle. The number one crypto by market capitalization is displaying some short-term strength as macroeconomic conditions continue to improve.  Other cryptocurrencies in the crypto top 10 by market cap are seeing profits. Dogecoin (DOGE) and Ethereum (ETH) are leading the rally with double digits gains in the previous week. As of this writing, Bitcoin is moving sideways between $16,900 and $17,000 and adjacent levels.  BTC’s price moving sideways on the daily chart.…

Fantom wants to cut token burn rate by 75% to fund dApp rewards program

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According to a new proposal dated Dec. 1, directed acrylic graph network Fantom seeks to implement an affiliate program for its decentralized application, or dApp, developers with network gas fees. To fund this venture, the Fantom community has proposed slashing the protocol’s current FTM token burn rate from 20% to 5%. In supporting the proposal, Fantom developers wrote:  “We take what works in web2 and restructure it to fit the network’s priorities, which means taking the ad monetisation model and extending it to gas monetisation for performing dApps that manage…

We could use crypto regulation — but let’s start with basic definitions

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As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.  Recently, skepticism reached new heights with the epic crash of FTX, one of the largest crypto exchanges in the world — and perhaps the largest-ever example of the…

Bitcoin Depot says SPAC merger will continue as planned after solid revenue growth

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According to a new filing with the U.S. Securities and Exchange Commission on Dec. 1, crypto ATM operator Bitcoin Depot said it “remains on track to complete its previously announced business combination with GSR II Meteora Acquisition Corp.” The merger with the special purpose acquisition vehicle, or SPAC, is scheduled to occur in the first quarter of 2023, subject to shareholder and regulatory approval. Bitcoin Depot estimates that the deal will infuse the company with up to $170 million in cash proceeds net of debt repayment.  In its earnings report…

Bitcoin chart is breaking down, has another 30% downside from here, Canaccord Genuity predicts

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In the wake of the FTX failure last month, cryptocurrencies remain lower than they’ve been all year and could stay that way for a long time, according to technical analysts at Canaccord Genuity. “The recent breakdown by bitcoin and [ether] below important support near $18,431 and $1,256, respectively, confirms they are in new intermediate-term downtrends,” analyst Javed Mirza said in a note Thursday. “This is a strong technical negative and opens the door for a test of major support near $11,918 and $560, respectively, or another 30% and 57% downside…

Magic Eden Launches Protocol to Enforce Creator Royalties

In addition, the new protocol also offers dynamic royalties, a feature that outlines a relationship between an NFT’s sale price and royalty amount based on a linear price curve, along with customizable token transferability, which allows creators to gamify the rules of their collection’s trading behavior. Source