Cryptocurrency

Decentralized telecommunications network Chirp is excited to announce the launch of its Leaderboard Campaign, the centerpiece of the BIG Chirp Airdrop campaign that precedes the $CHIRP token launch. This event kicks off today, August 2, 2024, at 12:00 CET and promises significant rewards and exciting opportunities for participants.The campaign follows the launch of the Chirp Tracker app, designed to simplify access to the airdrop and help users familiarize themselves with the Chirp platform and interface. To participate in the campaign, users will need to earn Active Day points by covering a distance of not less than 1 km per day while using the Tracker app.The campaign runs from Friday, August 2, to Tuesday, August 27, and participants will be rewarded based on their number of active days. The minimum number is five active days, which will make a user eligible for the Small CHIRP Airdrop, while a full 25 active days unlocks the Huge CHIRP Airdrop. To join, users must simply download the app on iOS or Android, connect to the Chirp platform and link their Sui wallet. Active participants in the Leaderboard Campaign will not only receive CHIRP airdrops but also gain access to a special bonus in the next release of the Chirp Tracker app – a comprehensive mobile game with real-world utility and crypto incentives. Userd can find full details of Chirp’s Leaderboard Campaign on Chirp’s Medium.The Chirp Tracker App can be downloaded via the following links: IoS | AndroidAbout ChirpChirp is a trailblazing decentralized physical infrastructure network (DePIN) founded by a team of seasoned telecommunications experts with decades of experience. Its mission is to connect the most devices with the blockchain under one revolutionary network and CPaaS platform. Focusing on the Internet of Things (IoT) technologies, Chirp aims to redefine the future of wireless communication.Users can learn more: https://chirptoken.io/ContactPR DirectorAnna FedorovaBlock3 PRanna@block3.prThis article was originally published on Chainwire More

The failure of Dogecoin to maintain above the 50 EMA is concerning despite the general weakness of altcoins. It implies that selling pressure is outweighing buying interest, which could result in a decline that goes even lower if the current trend keeps up.In technical terms, a death cross happens when a long-term moving average crosses below a short-term moving average. DOGE’s decline below the 50 EMA is a precursor that frequently indicates more negative developments, even though it has not yet formed a full death cross. The EMAs also converge at $63,000, which strengthens this price as a possible support zone, making this area more and more significant. It is possible that Bitcoin will test this level soon if it keeps going downhill. The decreasing volume is another alarming indicator. A drop in trading volume is frequently a sign that the trend is becoming less popular. The lower volume, in the case of Bitcoin, raises the possibility that the recent uptrend may not be long-lasting.This could result in further declines if the selling pressure picks up, so traders and investors should exercise caution. The current status of Bitcoin is clearly depicted by the technical indicators. An indication of waning support for the price of Bitcoin is the alignment of the 50, 100 and 200 EMAs. If Bitcoin drops below the 100 EMA, a recent support level, it may turn into a crucial resistance level. The $63,000 mark has historically been important for Bitcoin, acting as both resistance and support at different points in time.There are nevertheless additional variables to take into account. The fact that the RSI has fallen below 50 is a bearish indication that there is significant selling pressure. This phenomenon implies that unless there is a substantial change in market sentiment, the current downtrend may continue.TRX could still drop even more, though it has found support at the 50 EMA. In the event that the price breaches this level of support, $0.1200 would be the next significant support. A decline below it could indicate longer-term bearish activity. Historically, this level has offered a solid base.These support levels are something that investors should closely monitor. Important levels to keep an eye on are the 50 EMA, which TRX is presently holding, and the $0.1200 level below it. A 50 EMA bounce might suggest a reversal and possible recovery. The $0.1200 support level could be tested if the market is unable to hold above this level.This article was originally published on U.Today More

Having reached a new price high of around $74,000 in March, Bitcoin failed to break that mark over the following months. Consecutive lower highs can be interpreted as a downtrend. Based solely on this, we can expect that Bitcoin’s price is unlikely to go above $69,000 in the near term.This could significantly shrink the ultra bullish sentiment of recent weeks and thus introduce an element of fear onto the market, increasing the fragility of its price structure.Interestingly, Brandt faced a lot of criticism for his Bitcoin outlook. For example, the trader was accused of having changed his shoes: if recently he shared quite bullish forecasts, today his reviews are already bearish.Even Peter Schiff, a well-known Bitcoin critic, could not resist asking Brandt if this means he is no longer as bullish as when he warned him that Bitcoin would outperform gold by a factor of 5. Since that post was published, BTC is down 4%, while gold is up 2%, the crypto skeptic noted.This article was originally published on U.Today More

At the end of its July meeting, the Fed left benchmark interest rates unchanged and provided little indication that a much-anticipated rate decrease in September was guaranteed.Fed Chair Jerome Powell noted that, while no decisions have been made regarding a September decrease, the “broad sense is that we’re moving closer” to an interest rate cut.In his tweet, Saylor simply stated, “We love the coin,” maintaining his bullish attitude despite the recent market dip.Under Saylor’s leadership, MicroStrategy has amassed a huge quantity of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. As of June 20, MicroStrategy has 226,331 BTC purchased for around $8.33 billion at an average price of $36,798.The crypto community continues to closely watch Bitcoin’s price movements as events play out in the short term.Within this time frame, long liquidations on the crypto market amounted to $208.01 million, accounting for the majority of positions wagering on price direction. A total of $22.95 million in short positions were also liquidated, according to CoinGlass data.The majority of the liquidations were attributed to Ethereum, accounting for $54.64 million of long positions, followed by $51.64 million for Bitcoin.Bitcoin has fallen below $65,000, declining 3.36% over the last 24 hours to trade at around $64,093.This article was originally published on U.Today More

This article was originally published on U.Today More

This signifies a major win for BlackRock and comes a couple of weeks after U.Today reported that the CEO, Larry Fink, now considers himself a “major Bitcoin believer.” This represents a pivotal shift from his earlier stance on the digital asset. However, Fink claims to have realized that Bitcoin is authentic regardless of some apparent misuse of the world’s leading cryptocurrency.In the meantime, as for its holdings in USD Cash, BlackRock holds a significant 325,375.08 in its portfolio. Based on data, BlackRock witnessed a bullish run in July, as evidenced by the $525.5 million worth of Bitcoin ETF inflows on July 23. Based on analysis, it registered as one of the peak performances for the asset manager.Last month, the company’s spot Ethereum ETF debuted for trading along with eight other companies.Market observers remain keen on seeing how the asset will perform and if its success will mirror that of the Bitcoin ETF. Analysts are betting on BlackRock to invest funds in Ethereum just as it did with Bitcoin. However, they acknowledge that the growth trajectory may be slower.This article was originally published on U.Today More

The guide includes venture capital, ecosystem-wide grants, specialized development grants, community-driven funding initiatives, project-specific grants, and bounties. It also outlines opportunities ranging from small grants to multi-million dollar funds, focusing on areas such as DeFi, gaming, and infrastructure.Specifically, Scytale and Harbour Industrial Capital stood out by providing capital and expertise to speed up Polkadot-based projects. Scytale, which has invested in projects such as Astar and Centrifuge, recently unveiled a dedicated Polkadot Ecosystem Fund.For its part, Harbour focuses on DeFi, NFTs, and metaverse projects, participating through Parachain auctions.Specific projects also have targeted grants. Moonbeam launched a $10 million Moonbeam Innovation Fund to boost development in gaming and real-world assets. And the Acala Grants Program supported a few pre-seed and seed-stage startups integrating with the Acala network, while Aleph Zero offered funding across multiple tracks to support developer innovations.Elsewhere, the Web3 Foundation Grants Program provided funding for software development and research efforts related to Polkadot and Kusama, with the opportunity to win up to 993,286.08 DOT in prizes. “This effort is uniquely funded through Polkadot’s onchain Treasury, which is managed by the network’s token holders through an onchain governance system, OpenGov. Holding over 20 million DOT, the Treasury is dedicated to supporting projects that benefit the Polkadot ecosystem, representing a new paradigm in the decentralized financial agency,” the report further details.Community-driven funding initiatives like Polimec, a decentralized funding protocol, enable stakeholders to participate in funding rounds. Moreover, Polkaport East plans to establish a central hub for Polkadot in Hong Kong, attracting new teams and institutional investors.Polkadot has also introduced bounties to incentivize contributions. The Polkadot DeFi Infrastructure & Tooling Bounty allocated $4 million for developing tools and infrastructure to overcome barriers to Polkadot adoption. Moreover, the Polkadot Games Bounty provides grants to game developers based on milestone achievements.Earlier this year, Polkadot streamlined its governance model to enable simultaneous voting on multiple issues, all directly managed by the community. Staying true to its blockchain reputation, Polkadot, along with its “canary” network Kusama, has taken cues from earlier platforms like Ethereum.  More

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 LabsBrady@perion.ggThis article was originally published on Chainwire More