Aurelia Butler

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  • 213 Shares129 Views

    in Cryptocurrency

    CGC11 Day 2 Insights: Aavegotchi To Get Alpha V2 Soon, Kryptomon Becomes A $50m Success, & More

    Notably, there were speakers from gDEX Metaverse, Aavegotchi, Kryptomon, and more. Read on to find out what you missed.Aavegotchi Crypto Pets Need Your ‘Proof-of-Attention’In the Fireside Chat with Jesse Johnson, the Co-Founder, and COO of Aavegotchi, provided amazing insights into crypto pets, a less explored subgenre of NFTs games. Johnson talked about Aavegotchi’s creation, Gotchiverse, and the upcoming Alpha v2 at CGC11. “We asked the question like how do you build a better crypto pet. And so one of them is Proof-of-Attention – you gotta pet your crypto pet,” explained Johnson when asked about what inspired Aavegotchi.
    To add to it, he quickly briefed how Aavegotchi works, “For the first time ever if you were to do an on-chain transaction, and basically click the pet button your Aavegotchi will react.”
    Aavegotchi has come a long way since its inception. It’s no longer a simple crypto pet P2E game. It has now evolved into a DAO, a metaverse, and more. The Gotchiverse UpdateAavegotchi goes beyond just a simple game and pet ghosts. The game has a piggy bank, DeFi protocols, and with Gotchiverse, it’s evolving into a metaverse. In March this year, Aavegotchi rolled out ‘Gotchiverse’. “It was like 50,000 visits to the site in the first 10 minutes that the Gotchiverse went live,” said Johnson. Of course, the Aavegotchi team has a lot planned for their metaverse.When asked about interoperability, Johnson explained that interoperability was inevitable and they have developed the Aavegotchi 721 bridge. “So for the first time ever, a Polygon native 721 NFT can be bridged back to Ethereum Layer 1. [The] future is multi-chain no doubt; that’s nicely comfortable on Polygon,” Johnson hinted at interoperability developments. New Features & Updates in Alpha v2Jesse Johnson also talked about the upcoming Aavegotchi Alpha version. Here are the highlights:Apart from this, Johnson explained how Aavegotchi ecosystem is robust with the ‘curve’. He also hinted that in the future, there might be changes to the DAO.Panel on Decentralized Games Talks About Multi-Chain Approach & More
    The CGC11 panel on decentralized games had some notable speakers like David Fox, CEO of Double Coconut, Michael Sanders, Co-Founder and Chief Storyteller at Horizon Blockchain Games, Amber Mcgurer, Social and Community Manager of Human Park, and Claudio Cuccovillo, Chief Growth Officer of Kryptomon.The discussion was moderated by Adam Kling, the CEO at FYX Gaming. Important topics like what decentralization means, multi-chain operability, and more.Here are the highlights:How Kryptomon Made $50 Million in a YearKryptomon, the Pokemon-inspired blockchain game, raked in $50 million in a year and made record NFT sales in a bear market. Umberto Canessa Cerchi, the Founder and CEO of Kryptomon, shared his secret to Kryptomon’s success in a presentation. Here are the highlights: On the FlipsideWhy You Should CareSeveral projects are moving towards interoperability and a multi-chain approach to reduce costs and speed up transactions. More and more traditional gamers are entering the P2E space, and blockchain technology looks less intimidating than before. CGC11 Day 1 Insights:GameFi Panels, Digital Fashion Shows, and MoreContinue reading on DailyCoin More

  • 188 Shares159 Views

    in Cryptocurrency

    Cryptos For Any Beginner’s Portfolio: BudBlockz (BLUNT), Ethereum (ETH), Binance (BNB), Flux & Bitcoin (BTC)

    As a new investor, building your portfolio can be tough if you don’t know your BudBlockz from your Dogecoin. So, what are the digital tokens that should feature in a beginner’s crypto wallet? Here’s all you need to know.BudBlockz (BLUNT)
    BudBlockz is the first ecosystem for facilitating asset-backed NFTs for the marijuana industry and is already changing the landscape for farms, dispensaries, and investors. This is despite the fact that it’s BLUNT digital token is new to the crypto universe. With a total supply of 420,000,000 and a low entry price (currently reduced to $0.015 for the private sale), it offers a fantastic opportunity for beginners to get involved with a fantastic opportunity that is linked to a rapidly growing industry.The continued legalization of recreational and medicinal marijuana is sure to see BLUNT perform well, not least because the decentralized transactions overcome many of the banking issues that dispensaries and farms often face. It is certainly one to keep an eye on as it launches in the coming weeks, especially as BudBlockz is set to open dispensaries too.Bitcoin (BTC)
    Whether you’ve been following crypto from the outside for a few days or a few years, Bitcoin (BTC) is the digital asset that you know about. It is the grandfather of cryptocurrency and is now well into its second decade. While only a small portion of investors can afford to jump straight in with full BTC tokens, the fact that you can buy or sell a small percentage of a coin makes it accessible to a far wider audience. BTC has steadied the ship at above $20k over the past few months but is still under one-third of its all-time high. So, there is plenty of scope for the digital token to enjoy a bull run. Oftentimes, positive moves for other digital tokens are tethered to BTC growth. For that reason, holding BTC is always advised.Ethereum (ETH)
    Ethereum (ETH) is the second biggest cryptocurrency, and the decentralized blockchain platform is one that establishes a peer-to-peer network for facilitating secure transactions known as smart contracts. The platform is utilized by a range of well-known tokens like Basic Attention Token (BAT (LON:BATS)) and Status (SNT). However, ETH remains the obvious choice to hold, especially for beginners.Like Bitcoin, you will not struggle to conduct research or find expert analysis on the current performance of ETH at any given time. People who invested in the coin back in May 2020 for under $200 saw their investments grow 23x in 18 months. The importance of Ethereum’s platform to the crypto arena shows that ETH could be back to $4,600+ at some stage. Binance (BNB)
    Binance is the world’s largest crypto exchange and facilitates more trades than any other platform. It utilizes the BNB digital token as its native cryptocurrency. It was once based on Ethereum’s blockchain but Binance now operates with its own Binance smart chain. BNB is undoubtedly one of the most important and commonly traded digital tokens that has now been in circulation for over half-a-decade.With a strict maximum of 200 million BNB tokens, BNB is one of the largest cryptos in terms of market capitalization. New inventors who use Binance as their cryptocurrency exchange will find that this BNB is one of the best tokens to hold, not least because its future is assured. It has had a turbulent 2022, like many tokens, but signals a wise investment.Flux (FLUX)
    Crypto investments shouldn’t be restricted to the tokens that everybody holds. Investing in platforms can be equally important for beginners who seek portfolio diversification in a volatile area. Flux is the new generation of scalable decentralized cloud infrastructure. Simply develop, manage, and spawn your applications on multiple servers at once. Ready for Web 3.0, Dapps, and more.The Flux Ecosystem is a fully operational suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment. Flux has its own coin of that same name that is currently at around 60% capacity of its maximum supply, making it a good time to act.Learn more about BudBlockz (BLUNT)All BudBlockz Links: https://linktr.ee/budblockzContinue reading on DailyCoin More

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    in Economy

    Brazil's GDP tops expectations with 1.2% growth in second quarter

    According to government statistics agency IBGE, the economy expanded 1.2% in the three months to June, above the 0.9% growth expected by economists polled by Reuters.This was the fourth straight positive result by the indicator, placing economic activity 3% above the pre-pandemic level, and only below that achieved in the first quarter of 2014, said the IBGE.The second quarter performance was mainly pushed by the 1.3% rise in services, as the sector, which has reacted strongly after the blow suffered by the pandemic, accounts for 70% of the economy.At the same time, industry increased by 2.2% and agriculture expanded by 0.5%.Activity grew 3.2% from the second quarter of 2021, beating a 2.8% forecast.IBGE also revised first-quarter gross domestic product (GDP) performance to a 1.1% gain from a 1.0% rise that was previously reported. More

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    in Economy

    UK businesses expect consumers to pay more as costs rise, finds BoE survey

    UK businesses expect faster output price growth for the year ahead in a sign that they are passing on rising costs to consumers, according to data on Thursday that support the case for further monetary policy tightening. A survey of chief financial officers of UK companies published by the Bank of England found that price pressures are becoming more entrenched in the economy as wage growth accelerates. The findings come amid an intensifying cost of living crisis, with double-digit inflation and soaring energy bills hitting household finances and sending consumer confidence to its lowest level in almost 50 years.The businesses polled expected output price growth in the year ahead to reach 6.5 per cent, up from 6.3 per cent the previous month and the highest level since records began in 2017.The survey, which was conducted between August 5 and 19, showed that in the year to August, average unit costs were estimated to have increased 9.8 per cent, also the highest on record.This was in part because of higher earning growth. The average wage was reported to have risen 6.4 per cent over the same period, up from 5.5 per cent in the year to July. Wage expectations for the next 12 months also rose to 5.5 per cent, up 0.4 per cent from July.The figures are closely watched by the BoE’s Monetary Policy Committee for signs of a “wage spiral”, when earnings start to rise in response to rising prices. They support the view that the MPC will raise interest rates for the seventh consecutive time at its next meeting on September 15. Markets have priced in a 70 per cent probability of a large 50 basis point increase from the current 1.75 per cent, with a 30 per cent chance of an even bigger increase. Wage growth was boosted by widespread labour shortages, according to the survey. Almost nine in 10 businesses reported that it was harder than normal to recruit new employees. As a result, business expectations of consumer price inflation for the year ahead rose to 8.4 per cent in August, up from 7.3 per cent the previous month.High-cost pressures and selling price expectations were confirmed, despite some recent easing, by the final reading of the S&P Global/Cips UK manufacturing purchasing managers’ index. The survey, also released on Thursday, showed that the UK manufacturing downturn deepened in August as demand from domestic and overseas markets fell sharply. The headline index fell to 47.3 in August, down from 52.1 in the previous month and the lowest since May 2020, when the country was in a pandemic-related lockdown. Rob Dobson, director at S&P Global Market Intelligence, said there were reports of clients postponing or cancelling agreements because of the increase in economic uncertainty caused by warnings of recession, rising prices and component shortages.James Brougham, senior economist at the manufacturers’ trade group Make UK, said immediate intervention was “necessary to mitigate the worst of the economic damage to the industry’s fabric”. More

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    in Cryptocurrency

    Binance.US Launches Cardano (ADA) Staking Ahead Of Vasil Upgrade

    Binance.US Launches ADA StakingOn Wednesday, August 31, Binance.US announced that customers can now stake their ADA on the platform to earn up to 6.1% APY at launch. ADA now joins AUDIO, AVAX, BAND, BNB, ATOM, LPT, MATIC, DOT, SOL, and GRT available for staking on Binance.US.Binance.US CEO Brian Shroder commented “another week, another new staking offering,” confirming the exchange’s desire to continue expanding its staking options.The launch comes just days after Cardano announced that Binance had upgraded its node to the latest version (v1.35.3), which is fully compatible with the long-awaited Vasil hardfork.ADA Staking on Binance.USAs per the announcement, users can now stake a minimum of 0.01 ADA and a maximum of 4,400,000 ADA on the Binance.US platform. Stakers will get an annual percentage yield (APY) of 6.1% on their locked ADA.Binance.US also explained that there is no unstaking period when users lock their ADA on the platform. Users can get paid weekly and unstake their ADA anytime to access funds in an instant.On the FlipsideWhy You Should CareThe launch of staking on Binance adds more support for Cardano, which is on the brink of an important upgrade dubbed the Vasil hard fork.Want an update on the Vasil upgrade? Read:Cardano (ADA) Founder, Charles Hoskinson, Releases New Timeline for Vasil Upgrade ReleaseYou can now lend and borrow on Cardano – find more details in:Aada Finance Launches The First Lending and Borrowing App on Cardano MainnetContinue reading on DailyCoin More

  • 150 Shares109 Views

    in Cryptocurrency

    OpenSea Will Support Ethereum (ETH) PoS After Merge, Won’t Support Hard Forks

    OpenSea Will Support PoS After the MergeWith the Ethereum merge now only days away, OpenSea has revealed that its marketplace will support the Ethereum PoS chain only after the merge has successfully been completed.OpenSea explained that its team has been working on the OpenSea product in preparation for the upcoming transition of Ethereum into its Proof-of-Stake chain. This is to ensure that the process is seamless.OpenSea says that its developments towards the merge have been going smoothly and doesn’t expect any major issues for the transition. However, they remain “committed to monitoring, managing, and communicating throughout.” No Support for Hard ForksIn addition, OpenSea has announced that it won’t support any NFTs from an Ethereum hard. OpenSea writes that it remains “committed to solely supporting NFTs on the upgraded Ethereum PoS chain.” This means that the world’s largest marketplace will not support NFTs created on any chains that are hard forked as Ethereum undergoes the merge.On the FlipsideWhy You Should CareLike many others, OpenSea is putting everything together to ensure the smoothest transition possible following the most-anticipated crypto event, the Ethereum merge.Find out how miners are preparing for the merge in:Ethereum’s (ETH) Largest Mining Pool (NASDAQ:POOL), Ethermine, Launches Staking Service Ahead of the MergeRead about the OpenSea’s Seaport in:OpenSea NFT Marketplace Onboards Polygon (MATIC) into Seaport ProtocolContinue reading on DailyCoin More

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    in Economy

    US Jobs Data Have Potential to Push Fed Toward Third Jumbo Hike

    Friday’s report is one of the last marquee releases Fed officials will have in hand before the mid-September policy meeting to help them decipher a complex economic and inflationary puzzle. Forecasts call for a healthy, yet more moderate 298,000 gain in August payrolls and for the unemployment rate to hold steady at 3.5%, matching the lowest in five decades. Solid wage growth is also expected amid a persistent mismatch between labor demand and supply.Such figures, in conjunction with a blowout July employment print, improving consumer sentiment figures and a surprise pickup in job openings, could be enough to push the Fed to raise borrowing costs by 75 basis points, extending the steepest interest-rate hikes in a generation to curb an inflation surge.“In the context of all those data, this report becomes very important,” said Anna Wong, chief US economist at Bloomberg Economics. It could “put a stamp of confirmation” on the trend the other data have been showing — that the economy is very resilient.Conversely, any indication of much softer employment growth combined with a bigger slowdown in the Labor Department’s average hourly earnings figures may help shift expectations toward a half-point rate hike. Still, Fed officials will need to see results of the consumer price index later this month to crystallize their views on the appropriate policy response.Fed Chair Jerome Powell said last week the central bank’s decision later this month “will depend on the totality of the incoming data and the evolving outlook.” One important component of the jobs report will be the pay metrics. Economists expect the report will show a 0.4% increase in average hourly earnings from a month earlier and a 5.3% rise from August 2021. The annual increase would represent a slight acceleration from the previous two months.A slowdown in wage growth could give Fed officials some comfort by suggesting a softening in inflationary pressures, though that is not always the case, said Claudia Sahm, founder of Stay-At-Home Macro (SAHM) Consulting and a former Fed economist.“Everything should be viewed through the lens of ‘what could this mean for inflation?’” said Sahm.Companies have been raising pay across industries and income brackets to attract and retain workers. That’s underpinning consumer spending as Americans weather rising prices for essentials like food and rents. It also makes the Fed’s challenge of slowing down the economy to stem price gains that much more difficult.New data from ADP Research Institute on Wednesday showed the median annual pay for those who stayed in their jobs rose 7.6% in August from a year earlier. Job switchers saw more than twice that. Still, US companies increased headcount at a relatively sluggish pace in August with ADP reporting a 132,000 gain that was the smallest since the start of last year.The employment report is where policy makers “probably place the highest signal value about where underlying momentum is,” said Michael Gapen, head of US economics at Bank of America Corp. And while Friday’s report could be instrumental in pushing policy makers toward another 75 basis point hike at the conclusion of their two-day meeting on Sept. 21, there’s another big report on the horizon that the central bank will consider: the closely-watched CPI.Inflation DataMinneapolis Fed President Neel Kashkari said in an interview with Bloomberg’s Odd Lots podcast that he will be watching the jobs report for signs of what is happening with wage growth but emphasized his focus on inflation data when thinking about the September rate move.“Ultimately, I’m very focused more than anything on the inflation data and the inflation expectation data,” Kashkari said in a Monday interview that aired on Thursday. “For me individually, I don’t think the labor market itself is going to be determinative of 50 versus 75.”That sentiment was echoed by Atlanta Fed chief Raphael Bostic. “Incoming data — if they clearly show that inflation has begun slowing — might give us reason to dial back from the hikes of 75 basis points,” Bostic said in an essay posted on his bank’s website Tuesday.©2022 Bloomberg L.P. More