Kategorie: Crypto Markets

Ava Labs founder and CEO Emin Gün Sirer has termed a controversial report by CryptoLeaks as “an obvious fraud” that “everyone should be able to see right through.”

Gün Sirer says the allegations are disheartening and noted that they have come from “false claims” by Ava Labs’ former lawyer Kyle Roche. According to him, Kyle had lied to one of his potential clients about the nature of what he did for Ava Labs – all in an attempt to impress.

He maintains his company has not engaged in any of the activities as alleged by CryptoLeaks.

“The allegations on this site are categorically false. Ava Labs believes in transparency and facing the world head-on, not through behind-the-scenes dealing or activity,” he said in a statement shared on Monday.

Ava Labs had a ‘secret pact’?

In a recent report CryptoLeaks claimed it had damning “spy video” and whistleblower information that showed how Ava Labs, the firm behind the Avalanche (AVAX) blockchain, had engaged in a conspiracy against its rivals.

According to the site, there existed a “secret pact” between Ava Labs and lawyer Kyle Roche of the Roche Freedman LLP firm. Through this pact, Roche would exploit the US legal system in a “gangster style” approach by bringing targeted lawsuits against Ava Labs and Avalanche competitors.

Some of the alleged lawsuits include those against Solana Labs, Bibox and Dfinity Foundation.

The cases were also meant to have the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) among other regulators distracted, keeping them off Ava Labs’ operations.

It was also alleged Roche was filing cases with the aim of gaining access to sensitive documents from Ava Labs rivals and other crypto industry players. For his role, Roche ostensibly secured 1% of the AVAX supply.

No such underhand tactics

Gün Sirer has hit out at all these allegations, maintaining that his company does not “engage in or support” such underhanded tactics as claimed by CryptoLeaks. Refuting the allegations made in both the report and the video clips, he noted: 

“Neither I, nor anyone else at Ava Labs ever directed Roche in his selection of cases. We do not receive materials or information from him, and we do not entrust our legal affairs to him.”

How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks? We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article. Our tech & team speak for themselves.

— Emin Gün Sirer🔺 (@el33th4xor) August 28, 2022

The post Ava Labs CEO Gün Sirer terms CryptoLeaks claims as ‘scurrilous lies’ appeared first on CoinJournal.

Myria, an Ethereum-based layer 2 scaling solution, built to empower digital assets, NFT, and blockchain gaming, has today launched its much-awaited blockchain gaming-focused Ethereum layer-2 scaling solution, Myria L2.

Myria L2 will deliver instant and secure trades and zero gas fee transactions for non-fungible tokens (NFTs0 and blockchain gaming.

The Myria L2 launch included a full suite of developer and gamer-focused products including Myria Wallet, Developer SDK, and NFT marketplace. It will enable both creators and users to unlock scalability benefits offered by Myria.

After the launch, Myria co-founder, Brendan Duhamel, said:

“We are incredibly fortunate to have such a strong community eager to join the Myria L2. With this launch, the team is very thrilled to see our vision finally come to life.”

Duhamel also added:

“We are incredibly excited to bring the industry this next step forward with what we’ve built. We see massive potential in the underlying technology we have built to support NFT scalability and we believe blockchain gaming will be the next big vertical for NFTs. This is why we have created NFT solutions purpose-built to serve game developers and game builders. We’re just getting started!”

Myria L2

The Myria L2 utilizes zero-knowledge Rollup (Zk-Rollup) technology to bundle large numbers of transactions in a single transaction. It facilitates 9,000 transactions per second (TPS).

Blockchain gamers and NFT users, who are currently about 1.2 million, on Myria will now be able to create a Myria wallet with “one-click” and mint, trade and transfer NFTs with zero gas fee and 100% carbon neutral.

The Myria Developer Solution takes on an API-first approach that simplifies complex blockchain interactions with Myria’s set of REST APIs and SDKs. As a result, developers will be able to launch any NFT projects such as blockchain games within hours without having to be a blockchain coding guru.

The post Myria launches much-awaited Ethereum Layer 2 scaling solution, Myria L2 appeared first on CoinJournal.

The native token of the popular blockchain-based Massively Multiplayer Online (MMO) strategy game League of Kingdoms Arena, the LOKA coin, has been trending since yesterday after the first NFTs items of the game were listed on eBay.

To assist traders, investors, and gamers purchase the LOKA game token, Coinjournal has created a brief article identifying the best platforms where to buy the token while also providing LOKA price prediction.

To find out more, please continue reading.

Best places to buy LOKA coin

What is LOKA token?

LOKA token is one of the native tokens of League of Kingdoms, which is a blockchain-based Massively Multiplayer Online (MMO) strategy game.

League of Kingdoms allows gamers to earn real income through in-game activities. Gamers build kingdoms, raise armies, form alliances and compete for power and wealth on battlefields.

Besides being an MMO game, the League of Kingdoms also supports player-versus-player (PvP) and player-versus-environment (PvE) gaming models.

The LOKA token is the governance token of the League of Kingdoms game and holders can take part in the decision-making process, and use the token to purchase in-game items and earn staking rewards through staking.

The other native token of the League of Kingdoms game is called Dragon Soul Token (DST) and it is a utility token. The DST is used for breeding dragon-like in-game characters.

Should I buy LOKA today?

If you want to add a blockchain-based MMO game token to your crypto portfolio, the LOKA token could be a good choice especially now that its price is rising after the listing of League of Kingdoms game NFT items on eBay.

However, you should be aware of the fact that the cryptocurrency market is extremely volatile and extreme sudden market swings are possible.

LOKA price prediction

LOKA coin is currently retracing from yesterday’s high after registering a monster bull run following the news of the listing of its NFT items on eBay. All eyes are now on the $0.60 price level, which analysts believe if bleached could see the token dropping to its previous lows.

If it rebounds above $0.6, analysts expect the token to retest prices above $0.65.

$LOKA social media trends

Top-13 #Gaming PJTs by Exchange Inflow

Exchange inflow – a percentage of tokens are moved from non-exchange to exchange wallets out of a total token flow.$VR $ILV $XAS $GF $LOKA $UFO $PLA $SLP $UOS $YGG $ENJ $FEAR $SPS pic.twitter.com/PUzfeVbY7D

— Cryptolaxy #StandWithUkraine 🇺🇦 (@Cryptolaxy) August 29, 2022

The post Where to buy the trending League of Kingdoms Arena MMO strategy game LOKA token appeared first on CoinJournal.

• Bitcoin fell below $20,000 over the weekend amid selling pressure across equities and crypto.
• BTC price is back above the key level, with bulls currently battling bears around $20,245.
• The Bitcoin market is unfazed by the reported release of 140,000 Mt.Gox bitcoin to creditors.

Bitcoin climbed back above $20,000 0n Monday following Friday’s sell-off and ultimate breakdown to near $19,600 over the weekend.

Sell-off in stocks

The picture on Wall Street, with US stocks also struggling with sell-off pressure since Powell’s hawkish comments on Friday, does add to the overall bleakness.

After falling more than 3.3% on Friday, the S&P 500 opened lower on Monday and is currently 0.6% down. The Dow Jones Industrial Average and Nasdaq are also in the red as the enchmark 10-year US Treasury yield climbs above 3%’

Mt.Gox dump ‘not happening’

As well as the broader dump across risk-on markets on the back of US Federal Reserve Jerome Powell’s Jackson Hole blow, the Bitcoin market saw some negativity amid fear and uncertainty related to Mt.Gox news.

With anticipation of payouts for creditors of the defunct Bitcoin exchange rising as August draws to a close, fear of what a nearly 140,000 BTC dump would do to price gripped the crypto retail market. But the Rehabilitation Plan, announced last month, will not come as a lump sum. Rather, it’s going to be spread over several months.

Crypto analyst Michael van de Poppe commented that the payout should not scare traders, noting in a tweet:

BREAKING:

Mt. Gox will not be releasing the #Bitcoin, and will delay the distribution, once again.

The entire crypto space was stressing out heavily on this, but unwarranted.

— Michaël van de Poppe (@CryptoMichNL) August 28, 2022

At the time of writing, BTC was trading at around $20,245. It’s about 1.2% up in the past 24 hours. 

But while bulls are battling to keep the psychological support area, weakness across risky assets could still push the cryptocurrency towards intraday lows and possibly a retest of the $19,000 zone.

The post Bitcoin battles for $20K as Mt.Gox BTC dump cloud fades appeared first on CoinJournal.

• Majority of US crypto users at 46% are unhappy with how their crypto investments performed.
• Percentage of crypto users in the country unchanged (at around 16%) since last year.
• About 50% of those surveyed know of NFTs, 2% have bought them.

Nearly half of Americans who have ever invested in crypto, including the top two by market cap Bitcoin (BTC) and Ethereum (ETH), say the assets have performed “worse” than was expected.

46% of crypto users ‘disappointed’ by returns

A new report recently published by the Pew Research Center revealed that of the 16% of US adults who say they have ever bought, traded or used cryptocurrencies, about 46% are unhappy with how their investments have turned out.

But while a majority expressed dissatisfaction about the overall performance of their crypto holdings, at least 15% said they had seen better-than-expected returns. Another 31% said their crypto investments had so far performed as expected.

Notably, the research found that the number of crypto users in the US has remained largely unchanged.

“While relatively few Americans overall say they have ever invested in, traded or used cryptocurrencies, the vast majority of Americans have heard about them,” Michelle Faverio and Navid Massarat wrote in the research report.

They noted that about 88%, or nearly nine out of every ten Americans had heard about crypto. 26% of this number said they have “heard a lot” about cryptocurrencies.

Almost 50% of the respondents also said they’ve heard about non-fungible tokens (NFTs). However, just 2% have bought NFTs, the report added.

Crypto bear market

The survey, conducted in July (5-17), came after the mid-June sell-off that compounded the bear market pain and saw bitcoin price fall to lows of $17,600 and ether below $1,000.

Indeed, the broader cryptocurrency market had lost over $2 trillion in total value by then, with multiple crypto companies ending up bankrupt amid contagion.

Bitcoin and Ether, currently trading around $19,930 and $1,475 respectively after another bout of sell-off pressure on Friday, hit their all-time highs above $69,000 and $4,800 in November 2021.

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