Cryptocurrency

Layer 3 network Orbs has announced that Animoca Brands Japan has become the latest Guardian to join its ecosystem. The Japanese subsidiary of the global gaming and web3 giant will run a validator node on Orbs’ L3 to help maintain its stability and security.As a strategic subsidiary of Animoca Brands Corporation Limited, Animoca Brands Japan is a major player in the web3 space. Established to support Japanese intellectual property and content holders, including major publishers, brands, educational institutions, sports organizations, and game developers, Animoca Brands Japan brings a wealth of expertise and an extensive network to the Orbs ecosystem.Animoca Brands Japan joins a high-quality group of Guardians tasked with supporting the continued success of the Orbs network. Orbs Guardians are essential to the network’s proof-of-stake mechanism and provide the backbone for Orbs’ Layer 3 technology. This provides DeFi platforms with decentralized backend solutions, offering scalable, efficient, and secure trading capabilities without the need for centralized infrastructure.Guardians are crucial in ensuring Orbs’ core protocols operate with robustness, efficiency, and stability:The onboarding of Animoca Brands Japan further strengthens Orbs’ liquidity solutions, which are now integrated into a host of L2 networks and protocols. As a Guardian, Animoca Brands Japan will power Orbs’ protocols, which are widely used by entities such as traders, third-party solvers competing to fill swaps using on-chain liquidity, and professional traders such as market makers. In the process, Animoca Brands Japan will raise awareness of Orbs technology across Asia while helping to grow its ecosystem. About Animoca Brands JapanAnimoca Brands KK was established with the aim of supporting the global Web 3.0 strategies of Japanese intellectual property and content (IP) holders, such as major publishers, brands, education, sports organizations, athletes, artists, and game companies. It is a strategic subsidiary in Japan of Animoca Brands Corporation Limited, a global leading Web 3 company based in Hong Kong. Specifically, it will build and provide a platform that utilizes blockchain technology, providing a mechanism for intellectual property and IP holders to have their own ecosystem in Web 3.0 and issue NFTs and tokens within it. This will help them directly connect with global fans, build communities, and mature them.Learn more: https://animocabrands.co.jp/About OrbsOrbs is a decentralized Layer-3 (L3) blockchain specifically designed for advanced on-chain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Innovative protocols like dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to on-chain trading.The project’s core team comprises over thirty dedicated contributors globally from Tel Aviv, London, New York, Tokyo, and Seoul.For more information, please visit www.orbs.com, or join our community at: Telegram: https://t.me/OrbsNetwork Twitter: https://twitter.com/orbs_network ContactRan Hammerhello@orbs.comThis article was originally published on Chainwire More

EasyA, the world’s leading Web3 education app, proudly announces that it has surpassed one million downloads across iOS and Android. This milestone underscores EasyA’s rapid rise in popularity over the past few years as it’s quickly captured the minds of developers and crypto enthusiasts alike. As of today, over 100,000 developers have learned about Polkadot via EasyA.Founded in 2020 by brothers Phil and Dom Kwok, EasyA has swiftly become the go-to app for aspiring and experienced developers to learn and build on the world’s leading blockchains such as Polkadot and others. For many blockchains, EasyA has become the number 1 way developers find out about their tech. It’s also increasingly becoming one of the top drivers of developer activity on these blockchains. EasyA has played a pivotal role in countless founders’ careers, with their hackathon winners going on to raise from the world’s best VCs like a16z, Founders Fund and more. Most recently, Cognition AI (a unicorn valued at over $2 billion), was founded by an EasyA hackathon winner. Given these successes, it’s not surprising that demand for EasyA hackathons has been so strong that EasyA currently hosts 1-2 of these events every month.But even with all of EasyA’s successes, its founders Phil and Dom say it’s still day one for the rocketship startup. Later this year, EasyA plans to launch its own fund to invest in startups founded by its community members, currently valued at over $2.5 billion. They’ve already begun their expansion into Asia, the world’s most populous continent. One thing’s for sure. With EasyA leading the charge, Web3 is no longer a pipe dream.About EasyAEasyA is one of Web3’s most popular apps, making it easy for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills and the best are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at over $2.5 billion and have raised from top VCs like a16z, Founders Fund, YC and many more. Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School, EasyA has over 1 million downloads and has won Apple’s highly-coveted App of the Day award. Users can learn more: https://www.easya.io/ContactCo-FounderDominic KwokEasyAdom@easya.ioThis article was originally published on Chainwire More

When purchasing power sharply declines, the candlestick structure typically appears, suggesting that Ethereum’s bullish momentum may be losing steam. The graph shows that before giving in to selling pressure, Ethereum recently struggled to break through significant resistance levels, especially around the $2,500 mark.As a result, a traditional reversal pattern developed, which frequently signals the start of a price decrease. This technical signal alerts traders to the possibility that selling pressure on the asset may increase in the upcoming days, particularly if overall market conditions do not improve. The discernible decline in trading volume is another element raising the possibility of a reversal. The buying volume lagged behind Ethereum’s price attempt to rise, suggesting that buyer enthusiasm has diminished.Ethereum looks susceptible to a retracement as fewer buyers seem to be supporting current price levels. Furthermore, the general attitude of the market is still hazy, with a lot of traders taking a cautious stance because of macroeconomic issues and possible changes in investor sentiment.According to the most current data, a whale has taken out 206,951 SOL, or roughly $29. 3 million, at an average price of $142 from the MEXC and Binance exchanges since Feb. 7. The more intriguing part is that despite 115,135 SOL having been staked, the remaining amount seems to have either been sold or is missing.This selling activity implies that not even significant holders are inclined to wager on long-term gains in Solana prices. The fact that SOL is unable to sustain any significant upward momentum is supported by the price chart. Currently trading at $133, it is still significantly below its important moving averages following a brief upswing. Resistance has been provided by the 50-day and 100-day EMAs, and the 200-day EMA at $149 has proven to be an even bigger obstacle.The likelihood of a bullish breakout is further diminished by the ongoing rejection from these levels. Furthermore, SOL is nearing the bearish zone but remains in neutral territory, according to the Relative Strength Index (RSI), which is currently hovering around 46.The extreme conditions on the market were indicated over the weekend when the Bitcoin Risk Index reached 100. With a slight retraction currently taking place, this level suggests that Bitcoin may be going through a brief phase of overheating. It might, however, result in a distinct bottom and pave the way for a powerful upward move if the retraction continues.According to the chart, Bitcoin is currently trading at $56,960 after a brief rally that has not yet fully recovered key resistance levels. Bitcoin’s price is encountering resistance from the 200-day EMA and the trendline that is performing as support. These elements imply that although reaching the $60,000 mark is feasible, it might take some time to overcome these obstacles.This article was originally published on U.Today More

Bitcoin fell 1.2% to $56,258.6 by 01:58 ET (05:58 GMT), with broader cryptocurrency prices also retreating. The token turned negative after the conclusion of the debate, tracking a decline in U.S. stock index futures. Democratic nominee Kamala Harris was seen performing much better than President Joe Biden in a debate with Republican nominee Donald Trump, with the two trading barbs over policy and person. The debate presented the prospect of a tight 2024 presidential race, with less than two months left to the ballots.Increased competition for Trump presented some anxiety for crypto markets, given that he has openly declared support for the industry, promising an easier regulatory environment. Harris has so far made no comment on crypto regulation, but it is assumed that she will continue the Biden administration’s crackdown on the sector.Still, none of the topics covered during the late-Tuesday debate mentioned cryptocurrency, while Trump also did not make any reference to the industry while discussing his planned economic policies. Recent polls, conducted before the debate, showed Harris holding a slight advantage over Trump, especially as she received a boost from her official naming as the Democratic candidate in late-August. The world’s biggest cryptocurrency was nursing steep losses over the past week, as it fell tracking a broader risk-off move in financial markets. The token had fallen as low as $52,000 last week, before recovering some lost ground. But it remained squarely within a trading range seen through most of this year, amid dwindling retail interest and waning hype over spot exchange-traded funds. Broader crypto markets also retreated, with world no.2 crypto Ether falling 0.8% to $2,330.17.SOL, XRP, ADA and MATIC moved in a flat-to-low range, while memecoin DOGE lost 3.8%.In addition to uncertainty over the presidential race, traders were also on edge before a key U.S. consumer price index inflation reading due later on Wednesday.The reading comes just a week before a Federal Reserve meeting, and is likely to factor into the central bank’s outlook on interest rates. More

The address “14CZ9” transferred 19 BTC, worth more than $1 million at current prices to the address “bc1qw6.” These coins did not go anywhere else, though, and are still stored at the new address.The first transactions of this ancient Bitcoiner were made 11 years ago, on Nov. 28, 2013. At that time, the price of the cryptocurrency was just over $1,000.However, the price per BTC continued to fall, but the unknown investor continued to accumulate. By June 2014, they had accumulated 19 BTC, which by those standards was just over $12,500. Years later, this volume of cryptocurrency is estimated at more than a million dollars, and the total profit can be estimated at 8.692%. This means that our unknown miner achieved an average return of 870% per year of ownership. The fact that this is a miner is indicated by the way the funds were partially transferred to the unknown investor’s wallet, as well as the fact that he received part of his Bitcoin from a CoinJoin address – a protocol that combines multiple transactions from different sources and senders into one.Such awakenings are rarely met with applause in the crypto community, where the consensus view among market participants is that ancient Bitcoin addresses are waking up mainly to lock in profits on their coins, which often run into the thousands of percent.If we take “the glass is half full” mantra into consideration, then perhaps this investor has woken up to transfer their BTC to a new “bc1” address, which is considered more advanced and secure.This article was originally published on U.Today More

Today, SpaceX’s latest mission — a daring and risky trek into Earth’s Van Allen radiation belts by a four-person civilian crew to conduct the first commercial spacewalk — took flight. The mission, dubbed Polaris (NYSE:PII) Dawn, launched at 5:23 a.m. ET.While SpaceX is primarily recognized for its ambitious space missions and cutting-edge technology, the company is likewise bullish on Bitcoin, the largest cryptocurrency by market cap, owning substantial BTC holdings.According to Arkham Intelligence, SpaceX’s Bitcoin holdings are worth nearly $500 million, indicating its bullish stance on the leading cryptocurrency.”But did you know that SpaceX isn’t just bullish on Space? They’re also bullish on BTC, with almost $500 million in holdings,” Arkham Intelligence said in its tweet.”I do own Bitcoin, Tesla (NASDAQ:TSLA) owns Bitcoin, SpaceX owns Bitcoin,” Musk stated, adding that he also owns Ethereum and Dogecoin. Musk did not reveal how much he or his firms have invested, but he did state that he owns substantially more Bitcoin than Dogecoin or Ethereum.However, the size of the spacecraft manufacturer’s BTC investment remained unknown until Arkham Intelligence published its discovery in March 2024.While Musk-owned companies own sizable Bitcoin holdings, the actual amount remains an open question.This article was originally published on U.Today More

This article was originally published on U.Today More

With asynchronous backing, Polkadot is slashing block time from 12 seconds to just 6 seconds. The network also bumped up the maximum block weight from 0.5 seconds to 2 seconds, allowing a much larger volume of transactions to be processed in the same amount of time — a big win for developers building decentralized apps on Astar.Shibuya is the Astar Network’s parachain testnet with EVM capabilities, closely resembling the Shiden and Astar mainnets. It has nearly identical chain specifications, making it an ideal testing environment for developers planning to launch their dApps on the mainnet.Astar Network is a parachain of the Polkadot network that supports the development of dApps using both EVM and WASM smart contracts and offers cross-chain communication via cross-consensus messaging (XCM). This flexibility helps dApps interact with multiple blockchains, making the network more versatile.The asynchronous backing also comes with the ability to reuse failed parachain blocks, which cuts down on wasted resources and makes the network more efficient overall. In terms of impact, asynchronous backing translates to faster transaction processing and better throughput, boosting the network’s capacity from 100,000 to a million transactions per second. This allows Polkadot to handle a lot more traffic without hiccups, which is crucial for supporting larger and more complex dApps.The upgrade also promises increases in blockspace production time and transaction volume per block, claiming to deliver eight times the throughput while keeping the network secure. Despite the technical leap, DOT’s price showed a muted reaction to the news. The token rose slightly by 1.16% in the past 24 hours, settling at around $4.23. Polkadot recently released the Join-Accumulate Machine (JAM) Gray Paper, a development combining elements of both Polkadot and Ethereum. More