Cryptocurrency

Ethlas, a trailblazer in the Web3 gaming industry, announces the groundbreaking SkillFi model alongside its flagship game, Battle Showdown: Gambit. The game is set to empower players to monetize their skills, fostering a sustainable economic ecosystem within the game.The Gambit EcosystemBattle Showdown: Gambit introduces a unique economic model that unites players with their Patrons (Bit holders). Players are rewarded proportionally based on their in-game performance, ensuring top skills translate to real-world value.Concurrently, Bit holders can invest in players by acquiring Bits and share in their success through a profit-sharing mechanism. This emphasis on player empowerment redefines their role within the Web3 gaming landscape.The Gambit ecosystem consists of:Bits Trading: A dynamic Bits Trading marketplace empowers Bit holders to become talent scouts, identifying and investing in promising players. By trading player Bits, Bit holders can build a diversified portfolio and potentially reap significant rewards based on player performance.Analytics Dashboard: A comprehensive dashboard to analyze player performance, earnings, and trading history.RoadmapEthlas is committed to continuously developing the SkillFi experience with an exciting roadmap ahead:Website: https://battleshowdown.comWhitepaper: https://whitepaper.battleshowdown.com/Twitter/X: https://twitter.com/BSD_gambitDiscord: http://discord.gg/bsd-gambitAbout EthlasFounded by a team of tech veterans with experience at Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), IGG, Airbnb, JP Morgan, Citi, Grab, and more, Ethlas is headquartered in Singapore with remote offices globally.Ethlas began its journey as a successful blockchain gaming platform, acquiring 1 million users in just 3 months. Recognizing the growing need for robust security solutions in the space, the company also developed FailSafe, a market-leading anti-fraud technology, solidifying their commitment to trust and accessibility in Web3.Ethlas is backed by Sequoia Capital, Makers Fund, Dragonfly Capital, Yield Guild Games (SEA), Infinity Ventures Crypto, Global Blockchain Innovative Capital, and executives from Coinbase (NASDAQ:COIN), CoinMarketCap, Spartan Group, Hashed, and Grab.ContactCo-founderElston [email protected] article was originally published on Chainwire More

JYDS emerges as a new memecoin with innovative tokenomics and a fresh perspective in the meme coin market on the Solana blockchain.JunkYard Dogs Sol (JYDS) is gaining traction as a unique memecoin looking looking to capitalize on the burgeoning meme coin market. Through its ongoing presale, which has already raised an 362.5 SOL, JunkYard Dogs Sol is starting to attract attention amidst the shifting landscape of meme coins.Tokenomics Overview and Breakdown:At the core of JunkYard Dogs Sol’s appeal lies its innovative tokenomics, which prioritize decentralization and community-driven growth. Unlike its predecessors, $JYDS operates on a transparent model, with no team tokens in circulation. Instead, 90% of the funds raised are allocated to liquidity provisioning (LP), ensuring a fair and healthy launch for all participants.With its roots firmly planted in the Solana blockchain, JunkYard Dogs Sol leverages the scalability and efficiency of Solana to deliver a seamless and rewarding experience to its community. By harnessing the momentum of Solana’s recent surge in popularity, $JYDS aims to carve out a significant niche in the booming meme coin market,.About JunkYard Dogs SolJunkYard Dogs Sol (JYDS) is a community-driven meme coin project built on the Solana blockchain. With its innovative tokenomics and commitment to decentralization, JunkYard Dogs Sol aims to redefine the meme coin landscape and empower its community members to participate in the project’s growth and success.To learn more about JunkYard Dogs Sol and participate in the presale, visit https://jyds.tech/Website | Twitter | TelegramDisclaimer:The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.ContactNorman GlitzJYDS [email protected] article was originally published on Chainwire More

Quick TakeBSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading, and securely execute trades on-chain. BSX users will be able to access a wide range of crypto products, including perpetuals, spot, and more, all in one place.Core product offerings:BSX is positioned to compete with leading centralized exchanges like Binance and OKX, with crypto perpetuals trading in April, followed by other products later this year. Visit bsx.exchange to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following:Discord community: https://discord.gg/FWdPe5VgjrTwitter: https://twitter.com/bsx_labsPublic docs: https://docs.bsx.exchange/bsx-docsContactCore ContributorHenry NBSX Protocol [email protected] article was originally published on Chainwire More

OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens, and the AI system then takes over, trading continuously on 10,000+ cryptocurrencies, such as Bitcoin, Ethereum, and Binance Coin.OPZ-AI: AI AnalysisOPZ Token uses blockchain technology and sophisticated Artificial Intelligence (AI) technology to accelerate and secure transactions. he team believes in the integration of AI in cryptocurrency, highlighting its capability to analyze data, forecast trends, and autonomously make buying or selling decisions based on the study of market patterns and price change predictions, all without human intervention.Combining AI and blockchain technology in cryptocurrencies builds a powerful team. Blockchain guarantees security and openness, and AI helps consumers make informed decisions about trading cryptocurrencies. Together, blockchain and AI enhance the effectiveness and risk awareness in cryptocurrency trading.OPZ-AI revolutionizes cryptocurrency analysis by providing comprehensive, real-time insights and trend analyses for over 10,000 coins.Participating in the OPZ Token Presale is simple. Prices start at $0.028, with the launch price at $0.1.OPZ WalletThe OPZ Wallet addresses the growing demand for user-friendly and secure self-custodial solutions in cryptocurrency. Leveraging the innovative KeyFusion protocol, a form of Multi-Party Computation (MPC) technology, OPZ Wallet combines advanced security measures with intelligent, AI-driven insights to offer a superior self-custody experience.OPZ-DEX: Revolutionizing Bitcoin DeFiOPZ-DEX is a groundbreaking platform that leverages the robustness of Bitcoin’s Layer 2 for decentralized trading. It features the Chronicle Matching Engine for high-performance, low-latency trading and employs Zero-Knowledge Rollups for enhanced transaction throughput and privacy.OPZ Token: Revolutionizing DeFi with Advanced AI IntegrationOPZ Token marks a significant advancement in cryptocurrency. It combines a supercharged wallet and exchange with advanced AI technology. OPZ is well-positioned to gain a substantial share of the rapidly growing DeFi market.Moving forward, OPZ Token aims to push the boundaries of technological innovation while empowering investors and driving positive transformations.For more information, users can visit https://opz.comUsers can join the OPZ Presale here.About OPZOPZ’s mission is to accelerate the transition to self-ownership of assets by bridging the gap between the cryptocurrency industry and the traditional financial [email protected] article was originally published on Chainwire More

Economist Peter Schiff shared his doubts in recent remarks about Bitcoin’s latest price surge, particularly in comparison to gold. Despite Bitcoin reaching new heights in dollar terms, he pointed out that when measured against the precious metal, the primary crypto asset has not achieved new highs. Schiff suggested this discrepancy could weaken the argument for Bitcoin as “digital gold,” or replacing the yellow metal as the ultimate store of value. He added that the cryptocurrency still lags behind in the Bitcoin-to-gold ratio, which measures the relative performance of the two assets.Schiff’s remarks come amid a backdrop of Bitcoin’s strong performance gains. The cryptocurrency saw an impressive increase of over 155% in 2023, with this upward trend continuing into 2024, where it has already added roughly 67% in value. This surge has coincided with the SEC’s approval of spot Bitcoin exchange-traded funds, which is further buoying institutional investor sentiment.Schiff, known for his critical stance on Bitcoin, also criticized the media’s portrayal of the cryptocurrency and questioned the practicality of trading Bitcoin ETFs.On the other hand, gold has also been on a remarkable run, closing the quarter at an all-time high. The surge comes in line with the bullion’s reputation as a safe haven for investors, especially during volatile market conditions. Despite Schiff’s cautionary view, some market analysts like Larry Tentarelli remain optimistic about Bitcoin’s potential. Tentarelli, Chief Technical Strategist at Blue Chip Daily Trend Report, expects that Bitcoin could surpass $100,000 by the end of the year, possibly driven by the upcoming Bitcoin halving event. However, he also noted that this forecast could be influenced by movements in the 10-year bond yield.Record highs for Bitcoin and gold represent the first time both the cryptocurrency and the precious metal have hit their peak values at the same time since Bitcoin’s inception over a decade ago. However, the factors traditionally believed to influence each asset vary significantly — gold has been considered a safe haven and a store of value for decades, whereas Bitcoin’s function beyond speculative investment remains a subject of intense debate. More

The fresh capital injection was led by an impressive roster of venture capital firms, including Binance Labs, Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and others. It marks a major move towards the convergence of traditional gaming and blockchain technology.GombleGames focuses on developing casual games on the blockchain, prioritizing the core enjoyment of gaming rather than just financial rewards. This strategy ensures that users find more joy and engagement in the gaming experience. Founded as a spinoff from the game studio 111%, which is known for viral hits such as Random Dice and BBTAN, Gomble Games improves gaming experiences by incorporating blockchain into casual gaming. This approach not only promises to bridge the gap between conventional and blockchain gaming but also to introduce a new model of player engagement and economic sustainability within games, the company says.“At Gomble Games, we firmly believe in the power of collaboration and community in game development. Our vision is to create accessible games that are not just played but lived, where every player’s input shapes the world they immerse themselves in through very easy and engaging casual gaming experience,” said Chris Chang, Chief Business Officer at Gomble Games.“This funding is a heartening testament to our commitment to bring the best of web2 gaming into the blockchain realm, focusing on an enhanced gaming experience, a sustainable economy, and motivated participation,” Chang added.Gomble Games’ approach is centered around three core principles: Dynamic Change, Reversal Opportunity, and Simplicity. These principles are said to ensure an engaging, evolving game experience that rewards player involvement. Moreover, the company plans to establish a participatory DAO (Decentralized Autonomous Organization), further blurring the lines between players and creators by giving users a say in marketing, game production, and other aspects of the business.Kelvin Koh, Co-founder of Spartan, said the involvement of venture capital heavyweights signals strong confidence in Gomble Games’ vision.“With the boom in mobile gaming, we believe that hypercasual mobile games would be one of the main drivers of users into web3. The crypto-native Gomble Games team adeptly leads this charge as they combine the technical know-how to build addictive game loops with a deep understanding of the web3 gamer community.”Gomble Games CEO Jihoon Byun, previously the COO at 111%, boasts a lengthy career that spans across Web2 and Web3 technologies with roles at leading firms such as Google (NASDAQ:GOOGL), SK Telecom, Kakao Brain, and various cryptocurrency exchanges.After the extraordinary bull run in 2022, it was little surprise that 2023 turned out to be a challenging year, seeing a significant drop in announced funding to $1.7 billion, from the highs of over $5.3 billion in 2022 and $4 billion in 2021. More

BTC fell more than 1% over the past 24 hours and was sitting at $69,597.8 by 07:26 ET (11:26 GMT).Last week, Bitcoin’s 30-day annualized realized volatility surged to 63.76%, staying above 60% as the week ended, according to Glassnode data, marking the highest level since August 2022.Realized volatility measures the deviation of returns from their average over a specified timeframe, where higher figures indicate a greater risk of price fluctuations during that period.Amidst this increase, Bitcoin’s 30-day realized volatility has now outpaced Ethereum’s by almost 10 percentage points, marking the widest gap seen in over a year, as per analytics firm Kaiko.This significant divergence in volatility levels emerged shortly after the U.S. Securities and Exchange Commission (SEC) approved a series of spot Bitcoin exchange-traded funds (ETFs). The move provided traders an avenue to gain exposure to Bitcoin indirectly, without the need for direct ownership.Analysts at JPMorgan estimated sales of roughly $184 million across the US spot Bitcoin ETFs on Thursday, the group’s 54th trading day.“Daily gross flows (excl. GBTC) were $289mm on Thursday with both BlackRock˖s IBIT and Fidelity˖s FBTC significantly underperforming historical averages,” analysts wrote.“Grayscale˖s GBTC redemptions were just -$105mn, below its -$273mn running average since launch,” they added.Analysts said there was a noticeable slowdown across the board, except for Bitwise’s BITB vehicle, which experienced a significant uptick with $67 million in inflows on Thursday, notably above its daily average of $30 million.Following the SEC’s green light, the spotlight has been on the performance of these spot ETFs, with net inflows leading to increased volatility in Bitcoin and the wider cryptocurrency market. Meanwhile, diminishing expectations for the SEC’s approval of an Ethereum ETF by May have led to a decrease in trading enthusiasm among ETH investors.Elsewhere in the crypto world, Bitkub Capital Group Holdings, the parent company of Thailand’s leading cryptocurrency exchange Bitkub Online, is gearing up for a public share offering next year, CEO Jirayut Srupsrisopa told Bloomberg News.He said that Bitkub is aiming for a listing on the Stock Exchange of Thailand to improve the company’s visibility and secure additional funding.The firm is currently engaging financial advisors for this purpose, he mentioned. The move towards an IPO in Thailand had been first hinted at in a shareholder letter from 2023, though without a definitive timeline.In July 2023, Bitkub offloaded a 9.2% share of Bitkub Online Co., its cryptocurrency exchange branch, to Asphere Innovations Pcl for 600 million baht ($16.5 million). Jirayut anticipates an increase in Bitkub Online’s valuation from the 6 billion baht established in this transaction, driven by trading volumes reaching heights comparable to the last cryptocurrency boom in 2021. More

The analysis comes at a crucial time as the industry anticipates the Bitcoin halving event scheduled for April 16, 2024, which is expected to impact miners’ rewards and overall profitability.Bitcoin’s price surged to an average of nearly $67,600 in March, marking the highest level on record, and concluded the month with a seven-day rolling average price around $69,900. This price increase represents a 25% jump from the previous month, with annualized volatility jumping to 65% in March from 42% in February.The network’s average daily hashrate, a measure of the computational power used for mining and transaction processing, reached a new peak of 600 EH/s (exahash per second) in March. The figure reflects a 4% increase from February and an 80% year-over-year growth. This increase in hashrate indicates not only a growing competition among miners but also the industry’s resilience and optimism, the report notes.Despite the positive trends, the upcoming Bitcoin halving event, which will reduce the block reward from 6.25 to 3.125 bitcoins, casts uncertainty over future mining profitability. JPMorgan’s report suggests that the halving could lead to a decline in profitability in April unless offset by a strong rally in Bitcoin’s price or a dramatic decrease in the network hashrate.The average daily block reward revenue per exahash for miners was estimated at $100,400 in March, the highest since August 2022, representing a 33% sequential increase. This spike in profitability was attributed to the Bitcoin price appreciation outpacing the growth in network hashrate.The report also touched on the performance of U.S.-listed Bitcoin mining companies, noting that the aggregate market cap of 14 tracked miners increased by 3% month-over-month to $20 billion. This figure represents 42% of the four-year revenue opportunity, according to JPMorgan’s calculations. Among the listed companies, Cipher Mining Inc (NASDAQ:CIFR) emerged as the best performer with a 74% increase, while Bitfarms Ltd (NASDAQ:BITF) fell by 22%, marking it as the month’s least favorable stock. More