During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto assets have outperformed both bitcoin (BTC) and ethereum (ETH), the leading crypto asset and top smart contract token, respectively. In the past month, Decentraland’s MANA token has been the top performer, rising 150% against the…
Day: January 31, 2023
ImmutableX to Launch All-In-One Passport System to Onboard New Gamers Into Web3
“For Web3 gaming to reach a billion players, onboarding must be invisible, secure and work across any game – mobile, console or desktop,” said Immutable president and co-founder Robbie Ferguson. “Passport is a self-custodial wallet, where users can sign in with just an email and one-time password – it will be a game changer for players and radically reduce user acquisition costs.” Source
Crypto Market January Roundup: Aptos, Metaverse-Affiliated Tokens Lead Broad-Based Rally
Layer 1 blockchain Aptos’ native token has surged over 387% this month, leading all cryptocurrencies for gains and dwarfing bitcoin and ether’s performance. Solana’s SOL token also rises. Source
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode, short position liquidations cleared out unhealthy market speculators, on-chain and exchange data now point to an improving spot market and exchange netflows. A large group of investors that were previously at a loss is now back in the category that Glassnode…
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback
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Jim Henson's Beloved Children Series 'Fraggle Rock' Releases NFT Trading Cards
CryptoX – Cryptocurrency Analysis and News Portal Fans of the 1980s fantasy puppet television show can collect digital trading cards and connect with other fans through an app. Source The post Jim Henson's Beloved Children Series 'Fraggle Rock' Releases NFT Trading Cards appeared first on CryptoX. CryptoX Portal
Crypto Markets Today: Fed Preview, Bitcoin Holds Steady at $22.9K
Also: Metaverse tokens surged in January. Equities close higher. Source
Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals
This new testnet, which will go live at 10 a.m. ET (15:00 UTC), will provide the ability to test staked ETH withdrawals (EIP-4895). Users won’t immediately have the ability to participate in the simulated withdrawals until the testnet goes through an upgrade on Feb. 7. For now, users will be able to deposit ETH to validators on the testnet, and then withdraw them the following week. Source
Social token platform Rally announces shutdown of sidechain
Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the site fully shuts down. The site’s developers did not say that they would be offering another path forward in the future, but hinted at building “leaner web3 experiences and/or products on mainnet.” “2022 was a challenging year not only for the platform, but also for…
Court permits Core Scientific to borrow $70M to replace existing loan
Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to pay off the bankrupt Bitcoin miner’s existing debtor-in-possession (DIP) financing loan, which also came from B. Riley. Core Scientific stated its intention of replacing its original DIP loan in advance at the beginning of its Chapter 11 bankruptcy process, saying it would find better terms with more flexibility.…