Mga Gabay, Kaalaman at Insight sa Crypto

World's 1st Fine-Dining NFT Concept Auction to Conduct in May

The worlds first fine-dining non-fungible token (NFT) concept has announced its NFT dining auction schedules.　　Two auctions will take place on May 14 and 21 respectively. The concept of the companys NFT was created in collaboration with Michelin-starred restaurants Ando and MONO - two of Hong Kongs top restaurants.　　Jamie Lewis, CEO of Ioconic and Co-founder at Gourmeta, said in a statement: “We look forward to the two events in May, and are excited to have a group of forward-looking experts from both the blockchain and Fs governance.　　It further added that all NFTs are minted on the Ethereum blockchain and are available for trading on the OpenSea platform and other NFT marketplaces.　　Gourmeta has planned to disclose more details about its tokenomics in the 4th quarter of 2022.　　The Gourmeta concept was officially launched in Hong Kong in April 2022. It was co-founded by Hong Kong-based blockchain venture capital, Kenetic and UK-based digital asset company Ioconic, in 2021. 　　Gourmeta said that the idea behind the concept of creating fine-dining NFTs was to tokenise culinary experiences for people to collect memorable dining experiences. The company also has plans to expand globally. Currently, it is planning to launch projects globally, including Singapore, London, and New York.　　As

2022-05-13Malalim na Pagsisid

Terra Resumes after Halting Blockchain Production to Prevent Governance Attacks

Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting at around 1:45 p.m. local time.　　The company said the suspension of the network was to implement a patch preventing users from staking on its network.　　Terraform explained it briefly that the suspension of blockchain operations as LUNAs price dropped too low, that need to “prevent governance attacks” adding that:　　“Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.”　　The Terra blockchain network stopped generating new blocks after its block height was 7603700, meaning holders could not move their Terra assets until the blockchain was unfrozen.　　At the time of writing, the Terra stablecoin TerraUSD (UST) was off the $1 level it was supposed to hold, trading at $0.1288, losing its peg to the U.S. dollar.　　The founder behind it, Do Kwon, noted in a series of tweets “Before anything else, the only path forward will be to absorb the stablecoin supply that wants to exit before $UST can start to re-peg. There is no way around it.”　　By late Thursday, LUNA had

2022-05-13Malalim na Pagsisid

Crypto Experts Give Advice as the Digital Currency Industry Continuously Suffer from a Freefall

There are hardly most of the investors in the digital currency ecosystem that is not being impacted by the ongoing market price crash.　　While experienced traders might feel familiar with those tough times like this, the industry has continued to onboard more newcomers who have no experience when major dips like this are ushered in.　　As a way to ease off many investors pains, market leaders have been sharing words of encouragement through tweets, and while these words are not enough to pacify an investor whose capital might have been washed away overnight, they can give insight and hope into what can help anyone come out of these challenging times stronger.　　Solace from Haseeb Qureshi and CZ　　Haseeb Qureshi, the Managing Partner at venture capital outfit, DragonFly Capital told his more than 55,700 Twitter followers that he believes everyone that has lost money can survive this onslaught as “Human beings are resilient,” and that “we habituate surprisingly fast.”　　“There are no free lunches. Any time you think you found a way to make easy money, youre probably missing something. Edges are continually earned through hard work, and the universe will teach you that the hard way,” he said, adding “Everything compounds. When you lose your

2022-05-13Malalim na Pagsisid

YouTuber KSI Says He Lost $2.8 Million on Terra in One Day

KSI says he has now lost at least $8 million in crypto so far and admits to having a gambling addiction.　　One of LUNAs celebrity holders is taking to social media to document his losses.　　British YouTuber and rapper JJ Olatunji, more commonly known as KSI, shared Thursday morning that the $2.8 million he invested into Do Kwons cratered cryptocurrency, Terra (LUNA), had plummeted to a new valuation of less than $1,000 in a day.　　LUNA is a cryptocurrency created in part to help maintain the peg, or stable $1 value, of Terraform Labs algorithmic stablecoin TerraUSD (UST). But UST lost stability on May 9 and has since plummeted to just 38 cents. Because of the connection between UST and LUNA, the latter nosedived from $62 on May 9 to just 1 cent.　　Wednesday evening, KSI—who has nearly 40 million subscribers across two YouTube channels—shared from his crypto-focused Twitter account some of the things hes learned from investing in LUNA.　　“I just put $2.8 million in that LUNA buy and it‘s worth less than 50k. But that’s ok because I‘m not dead. I’ve got my family, my friends and my vigorous work ethic haha,” KSI wrote.　　Roughly 12 hours later, KSI shared an update on his

2022-05-13Malalim na Pagsisid

Binance: Delisting Terra's LUNA If It Falls Below 0.005 USDT

If the trading pair is delisted, users will no longer be able to trade LUNA for USDT on Binance.　　Binance warned on Thursday that if the price of LUNA went below 0.005 Tether, or around half a penny, it will delist the LUNA/Tether trading pair.　　Terra shut down its whole network shortly after Binance issued its tweet, leaving the circulating supply of 34 billion LUNA in limbo, and then restarted it around two hours later.　　LUNA is the Terra ecosystems native token. According to CoinMarketCap, its price has dropped as low as $0.01302 in the last 24 hours, representing a 99 percent drop for the second day in a row. It was trading at $0.02074 as of this writing.　　Binance has already reduced the tick size, or minimum transaction size, for various LUNA trading pairs, including the euro, British pound, Ethereum, and Australian dollars, by the time it made the news early Thursday.　　Binance has had to do this several times in the last week since the price of LUNA has fallen below the minimum transaction size, making it hard for individuals to cash out. The exchange, which offers over 600 cryptocurrencies, has seen $6 billion in LUNA trades in the last 24 hours, accounting

2022-05-13Malalim na Pagsisid

Former US Assistant Attorney Appointed as Binance's First Deputy General Counsel

Joshua Eaton has been named Deputy General Counsel of the Binance exchange.　　According to the trading site, Eaton has extensive expertise, having previously worked as a Deputy United States Attorney in the Northern District of California and in the United States Army for over 20 years.　　With his active duty behind him, Eaton has worked with the DOJ, offering critical assistance to multiple Presidentially appointed U.S. Attorneys across the country, as well as Army commanders both at home and on the battlefield.　　“The legal team at Binance is further strengthened by the dynamism and experience that Josh brings to our continuous efforts to protect users and manage risks,” said Hon Ng, General Counsel whom Eaton will serve alongside at the trading exchange. “Josh was instrumental in his leadership role while in Government, developing its standard-bearing ethics and compliance practices, guiding it through some of the most sensitive and complex issues facing any government organization, and supporting its growth into one of the preeminent federal prosecutors offices in the United States.”　　Eaton has long been a supporter of blockchain technology, as seen by his stint as Deputy Attorney General, when he investigated bad actors who used the associated cryptocurrency for personal advantage. The Attorneys office

2022-05-12Malalim na Pagsisid

Cryptocurrency Exchange Gate.io Introduces Institutional Services

Gate.io, a prominent cryptocurrency located in the United States, announced on Wednesday the creation of an institutional services branch aimed primarily at brokers and market makers.　　The new “Gate Institutional” service will give the resources required to assist institutions in increasing their bitcoin exposure. The divisions goal is to provide a “best-in-class crypto trading solution” to large corporations looking to trade cryptocurrencies, such as market makers, hedge funds, and buy-side firms.　　The new institutional section offers solutions designed to meet the demands of brokers and market participants. This move is part of Gate.ios aim to increase liquidity while expanding.　　Gate Institutions market maker programs support several of the worlds top cryptocurrencies with customizable trade strategies, a frequency of 900r/s for order placing, a frequency of 5000r/s for order cancellations, and support for over 300 WebSocket connections.　　The broker program, on the other hand, supports three types of brokers: portal, API, and exchange. Each broker will receive prizes and rewards based on how they use the site.　　In addition, Gate Institution intends to offer an exclusive NFT pass that users can use to access Gate.ios metaverse. According to Gate.io, the NFT has been improved with 3D capabilities, allowing users to access whitelist qualifications or direct airdrops.　　Gate.io

2022-05-12Malalim na Pagsisid

Animoca Brands Joins Forces with OliveX to Conduct Allowlist Campaign for Dustland Runner

Animoca Brands, located in Hong Kong, has announced a collaboration with OliveX to execute an allowlist campaign for Dustland Runner, the companys move-to-earn game.　　Users can participate in the development of Dustland Runners Operation Ape: Exclusive Access Pass NFT (“Access Pass”) through the allowlist this May as part of the campaign.　　Those who accomplish Dustland Runner missions will receive DOSE, the OliveX Fitness Metaverse utility coin.　　Access Pass holders will be able to participate in the Operation Ape task, which gives additional rewards.　　An allowlist, according to Validity, is a list of IP addresses or domains that are granted privileged access or treatment. It is the inverse of a blocklist, which is used to prevent or restrict access. Allowlists are introduced by Momentranks “comparable to an exclusive pre-sale People who express an interest in the project before it mints are placed on a special list that guarantees them a minting opportunity, sometimes at a reduced price. This is done prior to the public auction.”　　Dustland Runner is the worlds first audio adventure with “proof of workout” for runners. Users can earn virtual rewards by going on real-world runs and progressing through the post-apocalyptic game setting narrative.　　Non-fungible tokens and Dose tokens are utilized to upgrade and

2022-05-12Malalim na Pagsisid

Bitcoin Financing Rates Are Unchanged Despite a Drop to $30,000

Bitcoin funding rates had plummeted at the start of May. While there was no definite bear trend at the time, the price of Bitcoin was already displaying indications of weakness. Because of this weakening, the digital asset has now fallen below $30,000 for the first time in 2022, only to rise again. However, funding rates that had reverted to neutral had been unaffected by market volatility.　　Bitcoin Funding Rates Remain Stable　　Bitcoin had experienced enormous sell-offs around the $35,000 mark. This was mostly caused by investors fearing that they would lose more of their holdings and, as a result, attempting to depart the coin to limit these losses. The ensuing fear and liquidations pushed the price of the digital asset even lower, and everything else in the market had followed suit like clockwork.　　Funding rates would turn out to be one of the rare exceptions to this downward trend. After rebounding from its crash at the beginning of the month, it returned to the neutral level, where it remained even when bitcoin fell below $35,000. Even when its price had dropped, funding rates had remained stable.　　This is consistent with the trend that has been observed after the December 4th catastrophe. Funding rates began

2022-05-12Malalim na Pagsisid

Axie Infinity Is the Industry Leader in Crypto Gaming, Says Crypto Head

According to Crypto Head, five crypto games have market caps in the millions, while two have market caps in the tens of millions.　　According to the research, Axie Infinitys diluted market cap, which refers to the total worth of the crypto at the price if the whole future supply of coins were in circulation, was $15.81 million, which is more than $10 million more than third-placed Decentraland. Cross Link has $13 million, whereas Decentraland has $4.63 million.　　The games with the largest market capitalization rule the crypto gaming sector. The total worth of the game is represented by the value of all available tokens.　　Many of these games have released their own tokens, which players can purchase or earn by playing the game, hence crypto games have begun to gain popularity.　　Axie Infinity also dominated the reports most searched games section.　　The game has the highest searches in the last six months, with over 29 million searches worldwide. The average number of searches for other games was 1.45 million.　　Bomb Crypto and Splinterlands came in second and third, with 4.42 million and 2.59 million searches, respectively.　　According to Crypto Head, the value of tokens for crypto games varies greatly, ranging from fractions of a penny to thousands

2022-05-12Malalim na Pagsisid

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