Cryptocurrency

Piggycel, a IoT-based blockchain RWA project, has secured investment from the global mainnet Internet Computer (ICP) and joined the ICP Olympus accelerator program.Piggycell is a blockchain RWA platform that users can expereince IoT based Charge To Earn (C2E) while charing their bateries. It is a decentralized platform linked to the No. 1 power bank sharing service in Korea, Piggycell, which has over 3 million users.The ICP Olympus program, announced in April 2024, is an accelerator program for the global 24th ranked (on Coinmarketcap data as of June 23, 2024) L1 mainnet operated by the DFINITY Foundation in Switzerland. It is a program that supports promising projects to grow into high-quality large projects in the ICP ecosystem by participating as investors and mentors, including Fenbushi Capital, Softbank (OTC:SFTBY) Vision Fund, and Cypher Capital.About Piggycell The Piggycell project is a pioneering initiative aimed at driving real-world applications and mass adoption of blockchain technology. By creating a digital twin of the assets from the already successful Web2 project Piggycell in a virtual world through blockchain, it seeks to imbue existing assets with new functionalities and philosophies, thereby generating higher value and achieving true blockchain innovation.ContactManagerDanielPiggycellhello@100percent.krThis article was originally published on Chainwire More

As of right now, Bitcoin is trading slightly above the crucial support level at about $60,885, according to the chart. While the 100 EMA at $63,754 and the 200 EMA at $58,260 are closer to the current price and offer support and resistance levels, the 50 EMA at $66,407 provides far-off resistance. More selling pressure may be applied to Bitcoin if it is unable to close above $63,000. There may be a brief upswing in the price of Bitcoin as the RSI at 36 suggests that the market is getting close to oversold territory. The next major support level, which is around $55,000, may be reached if the price is unable to gather momentum and breaks below the 200 EMA at $58,260. Bitcoin needs to maintain above the 200 EMA and gain upward momentum in order to have a more optimistic outlook. XRP must maintain its current levels and gain strength in order to confront the 50 EMA at $0.5031 to provide a more positive estimate. If XRP were to break above this barrier, it might indicate a possible change in sentiment and allow it to go toward the 100 EMA, which is located at $0.51.The price could move toward $0.55 and higher if there is consistent trading above these important moving averages, which would suggest a stronger recovery and possibly draw in more buyers. The mood of the market as a whole has a major impact on XRPs price fluctuations. Good news or advancements on the market may provide some support for XRP. However, there is not much happening right now. SHIB is trading at about $0.00001691, which is a significant decrease from its peak earlier this year. SHIB is below each of its three major moving averages, according to the technical indicators. Luckily, Shiba Inu is on the verge of hitting oversold values. The worst thing is that SHIB is becoming less attractive to speculative traders as a result of the decrease in volatility, which has resulted in a more stable but dull price movement. Although this stability first appears to be advantageous, it also results in less liquidity and fewer trading opportunities.In the absence of volatility, traders seeking to profit quickly from price fluctuations find SHIB less alluring. In order to restore volatility to SHIB and draw in more traders, a number of conditions must be met.SHIB may see a spike in volatility if it can break above the 50 EMA and hold its price above significant resistance levels. On the other hand, a protracted period of stagnation may result if the sideways trend is maintained and SHIB is unable to break above its moving averages. The asset’s attractiveness would be further reduced in this scenario by a likely decrease in trading volume and interest.This article was originally published on U.Today More

Memeland, one of the largest and fastest growing Web3-focused venture studios, is proud to announce its significant presence as one of the Diamond Sponsors of the Memeland & Bybit Reception Party and the Platinum Sponsor of the official IVS Crypto 2024 Kyoto, held from July 4-6, 2024, at the Kyoto Pulse Plaza. As a Diamond Sponsor for the opening event and a Platinum Sponsor for the official IVS Crypto 2024 conference, Memeland is poised to make a substantial impact on Japan’s growing blockchain and cryptocurrency landscape.Memeland at IVS Crypto 2024 KyotoMemeland’s participation at IVS Crypto 2024 Kyoto aligns with its next expansion into the Japanese market, capitalizing on Japan Blockchain Week’s extensive reach, expected to attract over 50,000 participants. This event marks Memeland’s next market penetration as it introduces its social and community products to both crypto-native and creator audiences in Japan. As a country that embraces all cultures, from comics to anime and indie music, Memeland is excited for the opportunity to bring meme culture to Japan. Memeland’s recent Meme Day, celebrated on June 9th across 10 countries and cities worldwide, showcased the power of memes, attracting hundreds of people in person and over 15,000 participants online sharing their slogan “I’m Lovin’ Meme!” on X. A highlight of Memeland’s presence at IVS Crypto 2024 Kyoto will be the attendance of their ambassador, Hide The Pain Harold, as the key VIP guest, sharing exclusive updates on new plans and projects coming soon. Memeland aims to bring this vibrant and engaging meme culture into the heart of Japan, fostering a new trend of deeper community connections within the Web3 space.Key Announcements & Event HighlightsMemeland, one of the largest and fastest growing Web3-focused venture studios, is on a mission to empower communities around the globe. Originating from the team that established 9GAG, Memeland is dedicated to building and investing in social products that foster community engagement. By bridging the gap between creators and communities through creativity, $MEME, and NFTs, they are setting a new standard in community ownership.The story of Memeland is rooted in the humble beginnings of 9GAG, which was founded in 2008 and became the first Asian YC company. Over a decade later, 9GAG has emerged as a global platform with an audience of 200 million across various social media channels. Memeland stands as a beacon for community empowerment, where ownership is democratized and creators are connected.ContactPublicistRyleigh EbronSerotoninryleigh@serotonin.coThis article was originally published on Chainwire More

This two-word tweet comes as the crypto market faces significant liquidations, with Bitcoin’s price falling.Bitcoin, the largest cryptocurrency by market value, began its decline in the Tuesday trading session, reaching $63,223 at one point before falling further.The losses deepened on Wednesday as investors considered Fed chair Jerome Powell’s remarks, with Bitcoin reaching intraday lows of $59,509. At the time of writing, BTC was down 2.85% in the last 24 hours to $60,274.According to CoinGlass data, the sell-off resulted in the liquidation of a significant amount of cryptocurrencies in the last 24 hours, totaling over $166 million. However, this has not deterred Saylor’s confidence in Bitcoin as he reiterates his longing for the crypto asset in his tweet.“We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy,” Powell stated.The market losses deepened following Wednesday’s economic releases, which indicated that the labor market is cooling. Recently released data showed weaker private payroll growth than expected in June, but weekly jobless claims were higher than economists predicted. The most recent figures come ahead of Friday’s highly anticipated nonfarm payroll report for June.As the crypto market navigates a period of uncertainty, the next few days and weeks will be critical in determining BTC’s price direction.This article was originally published on U.Today More

However, amid the negative market sentiment, a notable event occurred. Today’s price drop allowed BTC to close a gap on the BTC price chart on the CME exchange from June 28. On that day, Bitcoin futures opened at $62,085 – 2.8% above the closing price of the previous day, leaving an unclosed gap on the BTC1 price chart.On financial and crypto markets, price gaps occur when an asset opens significantly higher or lower than its previous closing price, creating a gap on the chart. These gaps often act as magnets for future price movements, as traders anticipate the asset will eventually return to the gap level to “close” it. The significance of CME gaps for Bitcoin lies in their predictive power, as market participants closely watch these gaps for potential trading opportunities.The closing of a downward gap can be seen as a bullish signal for BTC. It indicates that the market has addressed an imbalance, potentially paving the way for a price rebound. While today’s market drop might seem negative at first glance, the closure of the CME gap could suggest a positive outlook for Bitcoin in the near future.This article was originally published on U.Today More

Other networks also contributed to the overall fee income landscape. Solana generated $241.3 million, Binance’s chain accumulated $176.6 million and Avalanche recorded $68.83 million. Additionally, the zkSync Era earned nearly $60 million, Optimism $40.4 million and Polygon $23.9 million.As the data highlights, Ethereum has a significant lead, doubling Bitcoin’s revenue. This result is attributed to a broader range of applications and services on the network of the main altocin, with higher usage and transaction fees as a result.In return, Bitcoin’s revenue, while still over a billion dollars, is primarily driven by its role as a digital store of value and medium of exchange. Its transaction fees are affected by network congestion and the price of BTC itself, which can fluctuate significantly. However, it still lacks the extensive range of applications found in the Ethereum ecosystem, resulting in lower overall fee income.This article was originally published on U.Today More

Digital Shovel Holdings Inc. sued RK Mission Critical LLC, RK Mechanical LLC, and RK Industries LLC for patent infringement in May in the US District Court for the District of Colorado. “Instead of competing fairly,” the complaint says, “Defendants are exploiting the innovative technologies that Digital Shovel has worked hard to develop and protect through patents.”The cover image above shows six original Digital Shovel products in the bottom area, surrounded by RK Mission Critical products using Digital Shovel’s patented technology above.The dispute began in 2019 when Compute North approached Digital Shovel seeking to license Digital Shovel’s groundbreaking V-Shape technology, which allows for substantially higher miner density in crypto mining containers. Digital Shovel refused the request, recognizing the unique value proposition of its innovation. RK Mission Critical began producing containers strikingly similar to Digital Shovel’s, so much so that Digital Shovel’s staff mistook them for their own, albeit with a different paint job.The V-Shape technology, originally designed in 2018 and protected by three granted patents in 2022, 2023, and 2024, Nos. 11,910,557, 11,647,605, and 11,540,414 offer up to a 30% increase in miner density, resulting in significant operational and financial advantages for mining operations. Despite being aware of the pending patents as early as 2021, and even after additional patents were granted, RK Mission Critical continued to produce containers using Digital Shovel’s technology without permission.RK Mission Critical’s refusal to engage in meaningful settlement negotiations, has left Digital Shovel with no choice but to take legal action. Digital Shovel is seeking compensation for the misuse of its patented V-Shape technology and an order from the Court prohibiting any future sales of infringing containers.Digital Shovel estimates that RK Mission Critical has unlawfully sold hundreds of containers using Digital Shovel’s patented V-Shape technology. This blatant disregard for intellectual property rights not only undermines Digital Shovel’s hard work and innovation but also sets a dangerous precedent for the industry.Digital Shovel remains committed to protecting its intellectual property and will continue to pursue all legal avenues to ensure that RK Mission Critical is held accountable for its actions. For more information, or to set up an interview with CEO Scot Johnson, users contact Digital Shovel’s media relations department here.About Digital ShovelDigital Shovel helps businesses scale Crypto-Mining operations with turn-key mobile units. With low energy costs and high security, we help businesses with managed and unmanaged miner hosting. For more information users can visit their website here. ContactEA to CEOBrianna TobiasDigital ShovelB.Tobias@digitalshovel.comThis article was originally published on Chainwire More

E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. E Money Network’s Architecture Unlocks a World of PossibilitiesE Money Network is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into applications. The E Money Network supports interoperability with Inter-Blockchain Communication (IBC), allowing the development of applications that can communicate with other IBC-compatible blockchains. E Money Network has built-in compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB) and Know Your Transaction (KYT) to enable adherence to the upcoming Markets in Crypto Assets (MiCA) regulations. These features ensure that every entity and transaction in an application built on the E Money Network is also MiCA compliant by default. Objectives of the Grant Program As a part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-centric ideas to build on the E Money Network and bring innovative solutions to life. Applicants can submit Requests for Proposals (RFPs) detailing their ideas for RWA applications . Its $2 million grant pool will be distributed as initial capital among eligible projects.A group of technology experts, marketing professionals and experienced community members will form the selection committee for reviewing grant applications. Applications to the grant program will be evaluated on the basis of the following criteria -Depending on the afore-mentioned factors, projects can become eligible to win grants ranging from $5000 to $50000 based on requirements and scale of the product. Additionally, E Money Network will also provide winners of the grant program access to mentorship from industry experts, legal and compliance support, marketing and growth support, networking opportunities with other RWA projects and E Money Network’s core developers. How to ApplyInterested developers and builders can join the #BUIDLonEMN initiative by filling out the grant application form here and joining E Money Network’s grant channel on Discord. After the submission of the application, the selection committee will evaluate the project. Successful applications to the grant program will be notified along with further instructions. About E Money NetworkE Money Network is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenisation, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.For more information users can visit: X | LinkedIn | Blogs | Whitepaper For media queries, users can contact: marketing@emoney.networkContactHead of Marketing & BrandingShivangini AgarwalE Money Networkmarketing@emoney.networkThis article was originally published on Chainwire More