Aurelia Butler

Get Good and Get Rewarded in Fortnite, CS2 and Overwatch Perion Labs introduces the all-new XP (NASDAQ:XP).GG, a gaming platform that lets gamers get rewarded by getting good at their favourite games. XP.GG features a Universal Battle Pass integrated across all XP.GG games. XP.GG will launch August 1 with Fortnite. Counter-Strike 2 and Overwatch competitions will begin late August, with more games being added each month. A Universal Battle Pass That Rewards Gamers Gamers can take on challenges in their favourite games designed to sharpen their skills and, in return, level up their Universal Battle Pass. Season 0’s prizes include a $6,000 gaming PC setup, a Fortnite-themed Secret Labs gaming chair, a PS5, $1,000 CS2 knife, and more, totaling over $10,000 in value. Prizes will increase in value each Season as more gamers Get Good and Get Rewarded. Perion Lab’s team of gamers launched an XP.GG prototype in early 2024 to learn what gamers really wanted out of a gaming platform. Prizes started as small as a few hundred VBucks, then increased to gaming consoles. The overwhelming result after thousands of hours of gameplay: gamers want rewards for getting good in the games they already love to play.Gamers can visit XP.GG starting August 1 to sign up and begin earning rewards with Season 0 of the XP Battle Pass in Fortnite. Later in August Counter-Strike 2 and Overwatch competitions will begin. Season 0 includes a special multiplier, where players that reach Level 5 in their Battle Pass will be eligible to receive an attachment for their Battle Pass for following Seasons. Reaching Level 5 in Season 0 grants a 5% multiplier attachment in Season 1, Level 10 grants a 10% multiplier attachment, and so on. Each season attachment will reset and carry over the bonus earned from the previous Season for anyone that signs up and hits level 5 in Season 0. Perion Labs’ mission is to make gaming better by incorporating blockchain, empowering gamers and the gaming industry. Our current project is XP.GG, a one-stop gaming platform where all gamers can experience the best of web3 in their favourite games, along with turnkey monetization for developers, esports teams, creators, and stakeholders. XP.GG TwitterPress KitContactDirector of Marketing and PRBrady NagelPerion [email protected] article was originally published on Chainwire More

StarChain, a pioneering crypto platform dedicated to democratizing scientific data, is launching a $10 million presale to fund the open-beta rollout of its innovative blockchain ecosystem. This initiative aims to revolutionize data accessibility, validation, and collaboration in scientific research.The implications of StarChain’s solution are far-reaching. The decentralized nature eliminates single points of failure, protects against data tampering, and reduces costs associated with data aggregation. Researchers stand to gain from transparent data provenance, faster access to information, automated data validation, and collaborative opportunities.About StarChainStarChain is a cutting-edge crypto project focused on democratizing scientific data, starting with astronomy. Leveraging blockchain and AI, StarChain aims to create a universally accessible, secure, and efficient data ecosystem that fosters innovation and collaboration in scientific research.ContactCFO & AllrounderJennifer [email protected] article was originally published on Chainwire More

As of Aug. 1, 2024, 69.3% of accounts had long positions and 30.7% had short positions, according to Binance’s orders distribution. This indicates a long/short ratio of 2.26. Significantly favoring long positions implies that the best traders think the current decline in Bitcoin is just a temporary setback and anticipate a bounce back. You can get more context by looking at the Bitcoin price chart. Recently the price of Bitcoin fell to the 100 EMA, which is currently acting as a crucial support level at $63,000. In the past, the 100 EMA has been a crucial support level during downtrends. Should Bitcoin manage to maintain its current level of support, this could establish a solid foundation for a future upswing. Still, there are warning indications.The volume has been dropping, which suggests that momentum is waning. Less conviction behind price movements is usually indicated by lower trading volumes, which suggests that if buying interest does not increase, the recent decline may continue. Additionally, the reading on the Relative Strength Index (RSI), which is centered around 50, is neutral. This indicates that there is some uncertainty regarding the direction of the market, and that Bitcoin is neither overbought nor oversold. This price is confirmed as a crucial point to monitor with the EMAs’ convergence at the $63,000 mark. The significant tendency of top traders to hold long positions on Binance suggests that they are placing bets on a price rebound. Their confidence may stem from past performance, which shows that Bitcoin frequently rises after hitting important support levels. This pattern indicates that an upward trajectory for Bitcoin could soon be observed, confirming bullish sentiment.This article was originally published on U.Today More

Sentiment towards crypto markets was largely constrained by fears of a mass sale event by the U.S. government, which was seen mobilizing about $2 billion worth of Bitcoin earlier this week.A boost from crypto-positive promises from Republican presidential nominee Donald Trump also largely ran dry, after a Bloomberg poll showed Democratic frontrunner Kamala Harris wiped out Trump’s lead in seven battleground states. Bitcoin fell 2% in the past 24 hours to $64,782.8 by 08:55 ET (12:55 GMT)The Fed kept interest rates steady as widely expected on Wednesday, with Chair Jerome Powell flagging more progress towards cooling inflation and a softer labor market.Powell explicitly mentioned the possibility of a September rate cut, especially in the event of more favorable data. His comments triggered a sharp rally on Wall Street.Optimism over the Fed, coupled with positive earnings from the technology sector, kept traders largely biased towards equities, even as the prospect of lower U.S. interest rates presented a positive outlook for crypto.Crypto markets thrive in low-rate environments, as increased liquidity benefits their speculative nature. But beyond U.S. markets, risk appetite in other parts of the globe was less enthusiastic. Japanese markets tumbled after the Bank of Japan raised interest rates and flagged more potential increases on growing resilience in the Japanese economy. The yen surged on the BOJ’s move, which put Bitcoin at a near three-week low against the currency. Increased geopolitical tensions in the Middle East, after the killing of a Hamas leader in Iran, also kept risk appetite frail.Large Bitcoin holders increased their coin holdings in July at the fastest rate in years, taking advantage of the market’s two-way price volatility.In a move that reflects their confidence in the cryptocurrency, these holders, defined as addresses with at least 0.1% of BTC’s circulating supply, accumulated over 84,000 BTC, valued at $5.4 billion at the current market price, as reported by blockchain analytics firm IntoTheBlock and TradingView. This represents the largest single-month accumulation in BTC terms since October 2014.The accumulation trend involved bargain hunting during the early July price dip below $55,000 and intermittent pauses during the subsequent recovery to $69,000. BTC ended July with a 3% gain.The ramp-up points to a strong belief among holders that the prolonged consolidation phase between $50,000 and $70,000 will eventually result in a bullish breakout, continuing the initial rally from $16,000.Likewise, analysts are also increasingly optimistic about bitcoin’s future price movements.Federal Reserve Chair Jerome Powell on Wednesday indicated that interest rates could be cut as soon as September, emphasizing that the decision would depend on economic data supporting renewed liquidity easing. The central bank kept its benchmark interest rate steady in the 5.25%-5.50% range, as expected.”The Fed has been striving for a ‘soft landing,’ and if the data allows them to cut, and it is certainly moving in that direction relative to their forecasts, then we think they will seize the opportunity. We expect officials to start moving monetary policy from ‘restrictive’ territory to ‘slightly less’ restrictive policy from September with additional cuts in November and December,” ING analysts said in a note to clients seen by CoinDesk.Broader crypto markets tracked a decline in Bitcoin, with XRP sliding 5.7% as it reversed course from a recent rally. The token had risen sharply on unfounded rumors that Ripple, the firm that issues XRP, was close to reaching a settlement with the Securities and Exchange Commission over a long-running lawsuit. World no.2 token Ether fell 3.6% to $3,196.25 an ounce, while SOL and ADA lost 6% and 2.5%, respectively.Among meme tokens, DOGE fell 3.9%.  More