Argo Blockchain hat zu Beginn des Jahres seine Bitcoin-Bestände verkauft, um Schulden bei der Krypto-Investmentfirma Galaxy Digital abzubauen.
XRP takes a ride as Ripple’s legal tussle with SEC reaches Summary Judgment phase
XRP price has surged in the last 24 hours as the legal tussle between the US Securities and Exchange Commission (SEC) and Ripple approaches the Summary Judgment phase. Both sides have already filed motions for summary judgment and other parties are filling requests to file as Amicus Curiae.
Early today, the price of Ripple’s native token, XRP, jumped to a daily high of $0.4661 before briefly pulling back to $0.4603 at press time. XRP has gained over 37% in the past 60 days; something attributed to the positive updates coming from the lawsuit.
Ripple’s upper hand in the XRP lawsuit
As the XRP lawsuit approaches the final phase, Ripple Labs seems to be gaining the upper hand. It is barely a month since a US judge court ordered SEC to produce Hinman’s speech documents which were crucial for Ripple’s defence which was seeking to prove that the SEC was applying double standards.
In the contested Hinman speech delivered at the Yahoo Finance All Markets Summit in June 2018, Hinman stated “Based on my understanding of the present state of Ether, the Ethereum network, and its decentralized structure, current offers and sales of Ether are not securities transactions.”
Going by the recent updates from the lawsuit, Ripple seems poised for a victory; something that could set its native token skyrocketing to the moon especially due to the huge potential that RippleNet possesses. In May this year, Ripple’s CEO indicated that Ripple will explore IPO after the SEC lawsuit gets concluded.
Coinbase files to be added as Amicus curiae in XRP lawsuit
Coinbase, the largest crypto exchange by trading volume, is one of those who have filed a request to be allowed to file an Amicus Brief in support of Ripple’s defence.
Coinbase delisted XRP immediately after the US SEC filed a lawsuit against Ripple Labs for issuing an unregulated security. Coinbase was not the only crypto exchange that delisted Ripple’s native tokens since almost all major crypto exchanges including Binance have delisted the token.
Another entity that has filed to be allowed as an Amicus Curie in the XRP lawsuit is the Crypto Council for Innovation which wants to file an Amicus Brief in support of Ripple’s Defendants’ Brief in Opposition to the SEC’s Motion for Summary Judgment.
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Will IMX rally higher after the GameStop NFT marketplace launches on Immutable X?
The cryptocurrency market is recovering from yesterday’s slump, with most coins now trading in the green zone.
IMX, the native coin of the Immutable X blockchain, is down by more than 1% in the last 24 hours. The coin has been underperforming despite positive news coming out from the community a few hours ago.
The Immutable X team announced a few hours ago that the GameStop NFT marketplace is officially live on its network.
We’re excited to share that the @GameStopNFT Marketplace is officially live on ImmutableX!
Powered by @StarkWareLtd and advancing the next generation of web3 games #onIMX 🅧 https://t.co/Dx2zLZKpab pic.twitter.com/4cxobxRgOo
— Immutable 🅧 – $IMX (@Immutable) October 31, 2022
GameStop is one of the leading gaming companies in the world and the decision to launch its NFT marketplace on Immutable X is a huge one for the ecosystem. However, IMX is yet to rally following this announcement.
IMX’s underperformance comes as the broader crypto market slowly recovers from its recent slump. The total cryptocurrency market cap remains above $1 trillion, up by less than 1% in the last 24 hours.
Bitcoin, the world’s number one cryptocurrency, is still trading above the $20k psychological level despite losing less than 1% of its value today. Ether is also trading above $1,500 and is up by less than 1% in the last 24 hours.
Key levels to watch
The IMX/USD 4-hour chart is turning bearish as Immutable X has been underperforming over the last 24 hours. The technical indicators show that IMX is underperforming against the broader crypto market today.
The MACD line is spiralling toward the negative zone, indicating that the bears are taking control of the IMX market. The 14-day RSI of 44 also shows that IMX could enter the oversold region if the selling pressure increases.
At press time, IMX is trading at $0.5955 per coin. However, if the bearish trend increases, IMX could drop below the first major support level at $0.5295.
The bullish nature of the broader market and the GameStop news could push IMX higher in the near term. If that happens, IMX could move toward the $0.681 resistance level for the first time in nearly a month.
Where to buy Immutable X now
Huobi
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
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Wie projekte wie Metacade ins rampenlicht rücken, während Axie Infinity fällt
Der Bärenmarkt in der Krypto-Welt hat es nicht gut mit Axie Infinity gemeint. Das Play2Earn-Adventue erlebte, wie sein Token im letzten Jahr in die Höhe schnellte, als Game-Fi eines der heißesten Themen bei Krypto wurde. Doch es gab Probleme für Axie: Der Krypto-Bärenmarkt, ein Wegfall der User und ein kürzlicher Hacking-Angriff. Während die Zeit vergeht, suchen Investoren jetzt nach aufkommenden neuen Chancen – und Metacade gerät ins Rampenlicht von Social Media.
Was ist Metacade?
Metacade ist eine brandneue Web3-Community für Gamer und Krypto-Enthusiasten. User können über Games kommunizieren, an ihrer Entwicklung teilhaben oder sie ganz selbst erstellen. Das Projekt möchte einen inklusiven und unterhaltsamen Treffpunkt für Gamer schaffen, bei dem sie Play2Earn betreiben oder einfach nur Spaß haben können. Das wird die erste P2E-Arcade, die von der Community geleitet wird. Axie Infinity könnte eine echte Konkurrenz bekommen.
Beliebte Games spielen, Leaderboards joinen, Bewertungen schreiben und bei Governance Votes für zukünftige Entwicklungen mitmachen – all das ist für Gamer möglich. Der MCADE Token wird in Zukunft für Preisverleihungen, Gaming Tournaments und Staking benutzt.
Probleme für Axie Infinity
Axie Infinity musste kürzlich einen Rückschlag erleben: Ronin Network, ein Teil des Axie Projekts, wurde von einem 600 Millionen Dollar Hacking-Angriff schwer zugesetzt. Es gilt als einen der größten Hacking-Angriffe in der Krypto-Geschichte und hat dazu geführt, dass viele User von dem Projekt gegangen sind, während sich neue Interessenten lieber nach anderen Gaming-Projekten umschauen.
Während seines Höhepunkts in 2021 hatte Axie um die 2,7 Millionen User. Zum Zeitpunkt vom Oktober 2022 liegt dieser Wert nur noch bei 701.447. Der native AXS Token stieg vorher bis zu 160,00 $ an – jetzt befindet er sich bei 12,00 $. Es ist noch nicht zu spät – das Projekt könnte immer noch ein Comeback erleben, sobald der Markt sich erholt. Viele Gamer besitzen Axie NFTs, die als zukünftige Sicherheiten genutzt werden könnten.
Was macht Metacade einzigartig?
Das Erste, das Metacade einzigartig macht, ist sein Thema: Arcade. Das wird die Spannung und Aufregung eines Multi-Game House zur P2E-Community bringen. Anders als bei Axie – das Problem mit dem Game liegt darin, dass es nur einen Titel und ein Thema besitzt. Gamer sind jedoch immer dabei, neue Challenges zu suchen – und als User von Axie verschwanden, verschwanden auch die Verdienstmöglichkeiten.
Metacade wird seine User immer beschäftigen, weil sie bei verschiedenen Titeln und verschiedenen Genres Tokens verdienen können. So wie wir nach einem neuen Film suchen: An einem Tag ist uns vielleicht eher nach Sci-Fi und am nächsten wieder nach Action. Bei Metacade ist es genauso. An manchen Tagen werden Gamer vielleicht viel Zeit für ein RPG haben, während sie an anderen Tagen nur eine schnelle Runde Shoot-Em-Up oder Sport-Games zocken wollen.
Der andere Vorteil der Plattform besteht darin, dass Staking vom Metacade Token möglich ist – Investoren werden einen Anteil der Einnahmen erhalten. Das bedeutet, dass Gamer eine weitere Belohnung für ihre Einsatzbereitschaft bekommen und auch passive Investoren davon profitieren.
Warum solltest du in Play2Earn investieren?
Kaum ein Bereich hat seit der Pandemie so geboomt wie Play2Earn. Viele Menschen konnten während dieser Zeit mit P2E-Games wie Axie Infinity Geld verdienen und sich somit ein passives Einkommen aufbauen.
Es ist unwahrscheinlich, dass dieser Trend schnell wieder verschwindet.
Das Metaverse ist der nächste Schritt für die P2E-Industrie. NFT-Tokenization könnte explodieren, wenn sich dies entwickelt. Große Unternehmen wie Walmart sind bereits dabei, ihre virtuellen Geschäftsräume einzurichten und ihre Produkte in die digitale Welt zu integrieren. Das ist ein klares Zeichen dafür, dass amerikanische Unternehmen ihrer Sorgfaltspflicht nachgekommen sind und das Metaverse als die Zukunft ihrer Brands ansehen.
Bis sich das weiterentwickelt, können Investoren und Gamer Zugang zur Blockchain-Arcade in Metacade erhalten. Sobald die Zeit reif ist, werden Metaverse Titel als Feature folgen. Gamer sollten jetzt an Bord kommen und damit anfangen, NFTs und MCADE Tokens zu stacken.
Fazit
P2E ist als einer der heißesten Kryptowährungs-Bereiche aufgestiegen – und Gaming wird nicht wieder verschwinden. Auch wenn Axie Infinity seine Probleme aufgrund eines Hacking-Angriffs hatte, liegt der wahre Konflikt darin, dass Gamer echte Vielfalt wollen, um motiviert zu bleiben. Metacade wird genau diese Vielfalt bieten. Und ein ständiger Strom von neuen Titeln wird bedeuten, dass In-Game-Belohnungen und der MCADE Token ihren Wert behalten werden – besser als eine Plattform, die nur ein Game anbietet.
Du kannst Axie Infinity (AXS) bei eToro kaufen hier.
Wenn du beim Pre-Sale von Metacade mitmachen möchtest, klicke hier.
The post Wie projekte wie Metacade ins rampenlicht rücken, während Axie Infinity fällt appeared first on BitcoinMag.de.
Avalanche (AAVE) a Polkadot (DOT) Solidify Their Stand Whilst Metacade’s (MCADE) Pre-Sale Attracts Investors’ Interest
A tale of three cryptocurrencies – two established oldies versus a powerful newcomer striving for dominance in the realm of metaverse projects. The Avalanche (AAVE) and Palkadot (DOT) tokens have both seen stability recently, although it’s also the rising stars which can interest us the most. We’ll be taking a careful look at Metacade’s utility token, $MCADE and finding out what’s on offer prior to its upcoming presale.
AAVE – A Blockchain Platform and Token to Rival Ethereum
AAVE is the token belonging to Avalanche a decentralized lending system where users take the roles of borrowers or depositors. It is the AAVE token which facilitates all transactions – acting as the underlying cryptocurrency for the platform. Currently, AAVE has a market cap of $1 billion USD and a circulating supply of 14 billion AAVE.
The AAVE token also serves the function of permitting voting rights on the Avalanche platform. It’s used by the Avalanche community to propose and vote on changes regarding the platform, and any decisions concerning the Avalanche protocol – similar to other metaverse projects. Each AAVE coin carries voting rights equal to one vote in the, and so essentially the more tokens a user holds, the more voting power they have.
Since September, we have seen prices stabilise after a volatile period in July and August. Following initial highs of around $114, prices appear to have settled around $75-76 per token – although as for whether this floor can last remains open to debate. Given current bearish sentiment, it feels somewhat unlikely that prices will rise again to their former highs but time will tell.
DOT – A Useful Linking Protocol and Token
In its simplest form, Polkadot is a protocol that allows unrelated blockchains to connect together in a secure way, allowing transfer between them. In the past, such transfers often required a number of intermediary steps (typically brokers) which increased both processing times and fees. By attempting to centralise the process, Polkadot aims to reduce the overhead of these transfers.
The Polkadot token (DOT) has several utilities, including as a governance tool – so that holders can vote on future developments. It’s also used for staking, as in helping to facilitate verifications on the network. The DOT token also has a specialist function – bonding, which is the process of connecting and disconnecting across their network. Of course, it could be argued it has a utility as an investment opportunity also.
Currently, it has a market cap of over $6 billion USD, and there is a circulating supply of over 1.1 billion DOT. Although prices are nowhere near its all-time market high, they have remained stable since the beginning of 2022. Currently Polkadot has no particular plans for expansion moving forward, relying on the ideas of its community to add to a system which has essentially already completed its roadmap.
MCADE – A Utility Token for the Metacade
Let’s take a look at Metacade and its MCADE token. From what we’ve uncovered, it has great potential to become one of the most exciting metaverse projects we’ve seen so far. A relative newcomer to the scene, Metacade has some novel features which are at first glance interesting but more importantly, offer sustainable expansion into the future.
Dubbed the ultimate Web3 metaverse gaming community – Metacade envisions an arcade-themed space where crypto fanatics, gamers and gentuziaame developers can freely mingle together. The platform is focused on their users exchanging ideas, collaborating on projects and of course, playing games. One particularly unique aspect is the plan to host a number of metaverse games on the platform.
The chosen currency for Metacade is its MCADE token, which has a number of utility cases across the platform.
There are plans for it to be used in its Play to Earn and Pay to Play arcade suites, entry and rewards for tournaments, community-approved game development funding, and in the future, potential payment for metaverse game-related job opportunities.
Metacade also intends to use its MCADE token for staking – earning income from verifying transactions on its network, as well as to provide voting rights for its community, with plans to transition into a DAO later in development.
What makes MCADE good for the future?
Unlike Polkadot and Avalanche, MCADE is a utility token for which the use cases can be easily extended as Metacade implements features over time. Alongside the unique aspects associated with a virtual arcade, such as multiple titles and integrated game development, MCADE could also potentially be used for other transactions on the platform connected to advertising or even merchandising.
As the crypto sphere continues to push out new protocols and services based on blockchain technology, it is becoming increasingly important to consider the longevity of metaverse projects as they mature. While the tokens available on platforms like Avalanche and Polkadot are transformative, it is still worth considering whether the impact they can make is sustainable, and what affect that can have on them as viable investments.
Strong sustainability requires deep levels of innovation, which is why projects like Metacade – offering a community-driven platform in a high-growth sector like gaming is so interesting. By closely linking the MCADE token to Metacade’s diverse features, there is a level of inherent support built into its design which is currently unavailable to DOT or AAVE. We highly recommend you take a look at MCADE to discover more about its exceptional potential.
You can participate in the Metacade presale here.
The post Avalanche (AAVE) a Polkadot (DOT) Solidify Their Stand Whilst Metacade’s (MCADE) Pre-Sale Attracts Investors’ Interest appeared first on CoinJournal.