Schlagwort: blockchain markets

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Bybit completes Arbitrum integration, funds bitDAO with $134M

Bybit, one of the most dynamically growing cryptocurrency exchanges in the world, has completed the integration of the Arbitrum mainnet, Coin Journal learned from a press release. 

With this integration, exchange users can make deposits and withdrawals in Ether (ETH), Tether (USDT) and USD Coin (USDC) on the Arbitrum network from Jan. 27 onwards.

Arbitrum relieves congestion on Ethereum

Arbitrum aims to relieve congestion on the Ethereum mainnet. The Ethereum Layer 2 (L2) scaling solution is one of the first optimistic rollups with this goal.

The costs of transactions on Ethereum are reduced by using Arbitrum. This is because the latter performs operations off-chain and posts the results to the mainnet to secure proof.

Heradling the next level of trading

As an L2 like Arbitrum allows anyone to ensure correct results, Bybit users will enjoy trustless security rooted on the Ethereum blockchain. That’s not all. Other advantages include Arbitrum’s low gas fees, speed, and rapid throughput.

Most reliable, stable, and liquid exchange

Bybit has proven to be among the most reliable, stable and usable cryptocurrency exchanges and also has the highest liquidity. The exchange boasts a 99.99% up rate all year round with neither downtime nor overload.                     

Ben Zhou, co-founder and CEO of Bybit, commented:   

Arbitrum is a promising and innovative scaling technology that we are excited to bring to Bybit users — with its decentralized, developer-friendly and broad ecosystem support, we continue to offer next level products and services to all crypto lovers.

Bybit contributes $134M to bitDAO’s treasury 

In related news, Bybit announced it has provided funding to Bitdao.io in the amount of $134 million in Ether, Tether, and USD Coin. 

This is equivalent to 2.5bps of futures trading volume between Nov. 1 and Dec. 31 last year according to a tweet by the exchange. The exchange has also pledged to make recurring contributions.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018. It offers a professional platform where crypto traders can find an ultrafast matching engine, excellent customer service and multilingual community support.

The company provides innovative online spot and derivatives trading services, mining and staking products, and API support to retail and institutional clients around the world.

The post Bybit completes Arbitrum integration, funds bitDAO with $134M appeared first on Coin Journal.

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Gal Yosef launches Meta Eagle Club NFT collection

Globally respected 3D artist Gal Yosef is excited to launch his Meta Eagle Club NFT collection, which will be backed by the internationally acclaimed Eden Gallery.

About Gal Yosef

Gal Yosef is well-known in the 3D art and NFT community. He created the swiftly sold out Crypto Bulls Society collection, which earned over $50 million from primary sales and market auctions. He has worked with celebrities like Justin Bieber and DJ Steve Aoki. 

One of his unique NFTs, created through such a collaboration, fetched $214,000 at Sotheby’s. The upcoming Meta Eagle Club NFT collection will feature his lifelike cartoon-style avatars, which are universally adored.

A critical turning point

The collaboration between Gal Yosef and Eden Gallery is a critical turning point in the NFT industry. Projects from accredited artists are emerging front and center.

Through their combined skills and the NFT collection, Gal Yosef and Eden Gallery will bring a new vision to NFT art.

Collection features art world with 12K eagle avatars

The NFT collection, which is the first installment of a series of Gal Yosef’s own collections, features a digital art world named Galyverse. The first collection in this digital world is comprised of 12,000 captivating eagle avatars. Gal Yosef explains the choice of the eagle:

I was searching for a character that could help portray a charismatic avatar, but also one that’s warm and inspiring to others. Depicted as a symbol of freedom in so many different cultures, Eagles, out of the entire animal kingdom, also represent the strong and brave-hearted. Working on the wings and feathers allowed me to soar and explore new heights in 3D art.

Merging art and community

The Meta Eagle Club wants to merge community building with upscale art, an evolving vision, and exclusive physical gallery events. 

It will bring physical artwork to Eagle avatar owners to support NFT collectors. Eden Gallery and RNSNC, its cutting-edge NFT studio, will help make this possible. Collectors will also enjoy additional benefits, including VIP flights around the world.

 

The post Gal Yosef launches Meta Eagle Club NFT collection appeared first on Coin Journal.

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Here is why recently launched BSC metaverse coin CryptoSword (SWD) is up over 400% today

While crypto markets have been trading sideways over the week, several metaverse coins have seen significant price gain, with CryptoSword (SWD) gaining over 400% today as others see only a double-digit percentage price increase.

At the time of writing, it was $0.1421; up 453% in the last 24 hours according to CoinMarketCap. It has hit a high of $0.3158 and a low of $0.02447 in the last 24 hours.

But why is the SWD coin rallying? Here is a deep dive into the behind-the-scenes of the current CryptoSword bullish trend.

What Is CryptoSword?

Before we look into the current CryptoSword bullish trend, it is important that we first explain what CryptoSword is for the sake of those who do not know what it is.

In a nutshell, CryptoSword is a Metaverse-based Game-Fi project on Binance Smart Chain that allows gamers to play games and also earn as they play. Its native cryptocurrency is SWD.

The CryptoSword players must have more than one sword in their wallet to start playing the sword battle. A sword costs $50+ 0.04 BNB, which is a reasonable price to start with.

There are different swords with different styles and levels. The swords include Legendary, Mythical, Common, Unique, Epic, and Rare.

The game also has Rounds that reset once a day, however, the number of times a sword can enter the fight and last time corresponds to the Rounds.

Players challenge mysterious enemies depending on the sword level after minting their swords. The players then receive rewards depending on the fight level difficulty. Players receive a base reward of 5USDT worth of SWD tokens.

The game is looking forward to developing a complete Metaverse experience where players can go to battle mode and fight unknown bosses after practicing and training their skills, the skill level of the player will be related directly to the number of rewards to earn. However, some features are not yet available since the game is still under development

Why Is Crypto Sword (SWD) price rallying?

CryptoSword (SWD) coin has been bearish since it was listed on CoinMarketCap on 10th January 2022; something that changed today after the coin surged by more than 400%.

Today on their Twitter handle, CryptoSword announced that their V2 metaverse Battle Mode is fully complete ready to open for the public.

The announcement about the new features has excited crypto traders resulting in a significant trading amount volume of $ 4.3 million and a fully diluted market cap of $762,771.

The post Here is why recently launched BSC metaverse coin CryptoSword (SWD) is up over 400% today appeared first on Coin Journal.

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Dogecoin spikes after Elon Musk ask McDonald’s to accept DOGE payments

After a sharp drop in the last two weeks, Dogecoin is now green. It jumped 10% yesterday and it’s still rising today.

At the time of writing, it was $0.1488; up 9.25% in the last 24 hours according to CoinMarketCap. It has hit a high of $0.1511 and a low of $0.1383 in the last 24 hours.

Now let’s see what the hike is all about.

Elon Musk and McDonald’s Twitter feud that has Dogecoin’s price surge

The Dogecoin price surged after a Twitter feud between McDonald’s and Tesla and Space X CEO Elon Musk. Musk had Tweeted saying that he would eat a happy meal on live TV if the fast-food giant, McDonald’s, accepts Dogecoin (DOGE) as the official payment system.

A few minutes after the tweet, DOGE price hiked 7% from $0.135 to $0.145 and the bullish momentum continues today as the two continue exchanging in the to and forth tweets that have attracted the attention of other crypto bigwigs including the co-founder of Dogecoin.

Tweets from Musk have been having a great impact on the market prices since he started tweeting about the meme coin. Previously, he had tweeted announcing that Tesla had started accepting DOGE for its merchandise using; something that caused the DOGE price to jump by 25%. 

After the recent Tweet from Musk targeting MacDonald’s, McDonald’s responded ten hours later saying that it will only accept his offer if Tesla accepts Grimacecoin, a fake coin depicting a fuzzy purple McDonaldland mascot from the ‘80s called “Grimace”. 

Crypto opportunists quickly responded to McDonald’s tweet involving Grimace coin saying that buying the coin would not be a wise financial move since it was created a few hours ago, although it was already minted on Binance Smart Chain.

The media mainstream is trying to cover Musk’s erratic online behavior by amplifying his crypto tweets causing him to jump on a bandwagon of McDonald’s crypto memes that have been recently gaining popularity on Twitter. 

The Salvadoran president, Nyib Bukele, whose government had recently bought BTC dip before adding an extra 410 bitcoins at $36000 each in the recent dip, joined the tweeting spree by uploading a poorly edited photo of Musk with a McDonald branded hat and a nametag on 23rd January

Musk seems to be comfortably pushing for Dogecoin despite Tesla ownership of more than 42000 Bitcoin with an average of $ 31,700 per coin. He recently said in Time Magazine:

 „Fundamentally, Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions.”

The post Dogecoin spikes after Elon Musk ask McDonald’s to accept DOGE payments appeared first on Coin Journal.

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Market highlights January 26: Cryptos stage comeback, oil and commodity stocks take UK100 higher

The crypto market was in the green over the past 24 hours, as the majority of top 10 cryptos were higher at time of writing. The UK100 rose 1.09% yesterday as oil and commodity stocks boosted the index, rebounding from a rout the day before that saw it wipe out all its gains for 2022. 

US markets fell again yesterday as investors held their breath ahead of a Fed policy decision to be announced today. 

Top cryptos

Bitcoin registered gains of approximately 4%, trading above $37,000 this morning. Ethereum and Cardano were up around 3% each, while XRP climbed around 4%. Dogecoin jumped around 8%. It continues to rally after a supportive Musk tweet yesterday, after which it gained another 8%.  

Outside the top 10, Polygon registered gains of around 12%, making it the biggest winner in the top 20 coins by market cap today.

Another big gainer is CRO, the native token of Crypto.com crypto exchange. Its price today is $0.406 with a 24-hour trading volume of $168.45 million. Crypto.com Coin is up 9% in the last 24 hours. 

Top movers

The vast majority of top 100 coins were in the green at the time of writing. Notable standouts were NEAR and Stacks (+10%), Klaytn, Elrond, BAT, and BORA (+11%), Enjin and Secret (+12%), and Helium (+15%).   

Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Its token Flow gained 13% today.  

Gala suffered massive losses since November 28, 2021, but it’s trending again, having surged about 20% today. As the increase is not propelled by any major news, analysts expect that the price has nowhere to go but up now. Gala was the most profitable metaverse token in 2021.

An equally impressive rally is that of the Amp token, which gained 21% today on news of considerations on the part of Grayscale Bitcoin Trust to add it to their portfolio.  

The biggest gainer in the top 100 is definitely Waves, the token of a multi-purpose blockchain platform which supports various use cases, including decentralized applications (DApps) and smart contracts. Waves is up 37% in the last 24 h, reversing recent losses spectacularly.  

Trending

NinjaFloki continues its bull run. The gaming-based, passive income generating cryptocurrency is up 533% today.  

The post Market highlights January 26: Cryptos stage comeback, oil and commodity stocks take UK100 higher appeared first on Coin Journal.