Cryptocurrency

Elitsa Taskova, Chief Product Officer at Nexo, highlighted two contrasting scenarios post-halving. In an optimistic outlook, if miners can leverage their holdings without direct selling, Bitcoin’s price could soar to $100,000 in 2024, echoing a widespread sentiment among asset managers and industry pundits.On the flip side, a less favorable condition could see Bitcoin retesting support levels around $40,000, particularly if mining facilities are forced to liquidate assets for operational funding.The introduction of ETFs has been a pivotal factor, propelling Bitcoin to unprecedented heights and marking several all-time peaks in a short span. However, as the ETF frenzy slightly dims, the crypto community’s focus shifts towards the halving event, which is expected to be a critical determinant of Bitcoin’s future price trajectory. That said, this upcoming halving is particularly unique due to it being the first to follow an ETF-led rally in Bitcoin’s history. Typically, the effects of reduced mining rewards on Bitcoin’s price are observed roughly six months post-halving. Yet, with this new backdrop of prior ETF-induced growth, predictions are more speculative, navigating through uncharted territories.Overall, the halving event is expected to bring about major shifts within the Bitcoin mining industry. The future direction of Bitcoin’s value could either establish a new price equilibrium, supporting miners amidst their hefty energy costs, or it might trigger a sell-off to maintain operational liquidity.Additionally, the substantial purchasing influence of ETFs is expected to surpass the usual effect of supply constriction typically associated with halvings. As we approach a point in the market cycle where the supply dynamics are increasingly affected by the actions of long-term holders, their choices to either sell or hold become critical in influencing market liquidity and sentiment. Achieving a record peak before the halving also introduces a novel situation, yet the cycle’s evolution resembles previous patterns when aligned with the April 2021 highs.  More

The partnership is set to bring a Move2Earn platform, a PokemonGo styled AR game and more to over 100M users through TBH’s Telco infrastructureThe Binary Holdings, a leading Web3 Infrastructure provider for Telecommunication, BFSI, Gaming and eWallet companies in emerging markets, announces its integration of Lost Club Toys, the brainchild of award-winning filmmaker and musician co-founders Daniel Grove and Kosmo Kint. This groundbreaking integration promises to redefine the realm of user activation, engagement and infrastructure tools, leveraging Lost Club Toys’ Web3 Lifestyle Brand and The Binary Holdings’ vast network of over 40 million users.Since its inception, Lost Club Toys has captivated audiences worldwide with its mission to spread joy through music and dance. The project uses blockchain technology to connect fans with key people in the dance music ecosystem, giving them new ways to access their favorite creators, clubs and brands. The whimsical characters, affectionately known as the Toys, first burst onto the scene in 2022 as the official mascots for Token 2049, Asia’s premier crypto conference, where their infectious energy continued to light up screens across the renowned Ce La Vi nightclub atop the iconic Marina Bay Sands casino at After2049, Token 2049’s official afterparty. The Lost Club Toys have since partnered with some of the biggest names in the music industry, including DJ Mag’s #1 club in the world Hï Ibiza, progressive party brand HE.SHE.THEY, and superstar DJs Amemé and ARTBAT, and have continued to make appearances across prestigious events such as the Formula 1 Grand Prix in Singapore, Monaco, Las Vegas, and Abu Dhabi. Through this integration, Lost Club Toys gains access to not only The Binary Holdings’ 40m user base, but their entire reach of 100m users across the emerging markets they serve, opening doors to new opportunities for localized cultural expression and engagement at scale. More importantly, the move comes as a response to increasing demand for user activation amongst key partners that The Binary Holdings serves. With a full suite of products in the pipeline including Digital Stickers, a Move2Earn platform, Merchandise, Stuffed Toys, Fashion and Accessories, and even a PokemonGo styled AR Game, The Lost Club Toys will enable The Binary Holdings to provide enhanced user activation and engagement tools to their partners through the use of dynamic IP. The Toys are akin to Sesame Street characters but for all ages, genders and cultural identities, which make them perfectly adaptable to brand partnerships in multiple verticals. About The Binary HoldingsThe Binary Holdings is a leading Web3 infrastructure provider for Telecommunication, BFSI, Gaming and eWallet companies across emerging economies across Southeast Asia, the Middle East, Africa, and LATAM. Headquartered in DIFC, UAE, the company emphasizes innovation and opportunity across its diverse business ecosystem. About Lost Club ToysLost Club Toys is a cultural phenomenon founded by award-winning filmmaker and musician co-founders Daniel Grove and Kosmo Kint. Through its whimsical characters and vibrant performances, Lost Club Toys seeks to spread joy and positivity to audiences worldwide, transcending boundaries and celebrating the universal language of music and dance.ContactAccount ManagerSidharth DilipLuna [email protected] article was originally published on Chainwire More

Web3 infrastructure provider Entangle has announced that it has received strategic investment from Consensys. The funding provided by the blockchain incubator takes the total funding received by Entangle to $4M.In January, Entangle revealed that it had closed a private round that attracted leading VCs such as Big Brain Holdings, Launch Code Capital, Seier Capital, and Skynet Capital. The follow-on investment from Consensys will support Entangle’s goal of building out its interoperable omnichain messaging and liquidity infrastructure.Consensys’ investment in Entangle forms part of its Linea Ecosystem Alliance, an initiative that has received the backing of VCs such as Amber, Animoca Brands, Blocktower, Electric Capital, ParaFi, and Lemniscap.Linea is one of several projects Entangle is currently working with, where it is supporting the integration of products such as Photon Messaging, Universal Data Feeds, and Liquid Vaults. Entangle’s flagship product, Liquid Vaults will be integrated into key protocols on Linea, enabling DEXes to share liquidity and users to enjoy superior pricing.The Entangle mainnet is on course to launch in April. A large and engaged community has coalesced around the infrastructure project, resulting in the Entangle testnet attracting 250,000 users. The community has completed 1.5M testnet transactions, allowing developers to assess the network’s performance ahead of mainnet deployment.Entangle will support a host of interoperable applications that can draw liquidity and data from multiple chains. A proprietary messaging protocol has been built that allows data and assets to effortlessly move between chains. Photon enables EVM and non-EVM chains to communicate, powering use cases such as omnichain assets and trustless bridges.Following the launch of the Entangle mainnet, high-frequency data feeds will serve dapps operating across DeFi, DePIN, GameFi, and RWAs. Web2 and web2 data can be served on any blockchain, while smart contracts can communicate between networks. Entangle will also support Liquid Vaults, improving capital efficiency and enabling novel DeFi strategies through the creation of Composable Derivatives Tokens. After auto-staking LP tokens, users receive a 1:1 backed CDT, reflecting the staked value of the underlying LP. Over 75 integrations and partnerships have been announced to date and more than 42 dapps integrated with Entangle’s ecosystem, which connects to 16 blockchains. As a result, Entangle is primely positioned to deliver on its promise of supplying omnichain data that crosses ecosystems, industries, and networks. On March 13, Entangle’s $NGL token launched with simultaneous listings on Bybit, KuCoin, Gate, and MEXC. In its first 24 hours of trading, $NGL recorded $57M volume and demand has remained strong in the days since.About EntangleEntangle is the first customizable messaging Infrastructure designed to unify web3 and optimize ecosystem liquidity. Entangle provides builders and dapps with authenticated, customizable and interoperable data secured onchain with full security configurability.Learn more: https://www.entangle.fi/ContactFaisal [email protected] article was originally published on Chainwire More

MetaWin, a leading platform for online prize-winning games, has introduced a groundbreaking initiative focused on enhancing transparency and fairness for players globally. After extensive research, MetaWin identified inconsistencies in Return to Player (RTP) rates among different operators, causing confusion among players.Understanding RTP is crucial for players looking to make informed gaming choices. In simple terms, RTP represents the percentage of wagers that a game returns to players over time. For instance, a game with an RTP of 97% would typically return around $97 for every $100 wagered.MetaWin has introduced a maximum win guarantee for all its games, aiming to maintain the highest RTP levels across the platform. According to the team, this measure is designed to provide players with exceptional odds and a satisfying gaming experience.Users can experience the MetaWin difference with MAX RTP: Return to Player and join MetaWin in shaping the future of online gaming.For more information, users are welcome to visit MetaWin.About Metawin: MetaWin, a leading prize-winning online platform, is revolutionising the landscape of digital competitions. Utilising blockchain technology, MetaWin ensures every competition is characterised by transparency, fairness, and excitement. With a proven track record of offering substantial prizes and a dedicated focus on innovation, MetaWin is reshaping the future of online contests.Official Website | Telegram | Discord | InstagramContactPR [email protected] article was originally published on Chainwire More

Bitcoin traded down 3.3% at $64,889 by 06:42 ET (10:42 GMT). The token saw a heavy dose of consolidation from record highs over the past seven days, but still remained steady above weekly lows. Strength in the dollar was the biggest source of pressure on crypto markets, as an unexpected interest rate cut from the Swiss National Bank and dovish signals from the Bank of England saw traders stick firmly to the greenback as among the few high-yielding, low risk currencies. The dollar index surged to a three-week high of over 104 points.The world’s largest cryptocurrency was now trading down about 5% from last Friday’s levels, amid pressure from the dollar and sustained profit-taking. The token had surged to record highs above $73,000 last week, as it benefited from strong capital flows into the recently-approved spot exchange-traded funds in U.S. markets. These funds were a key point of support for Bitcoin so far in 2024, with the token trading up around 50% for the year. Bitcoin also remained well above lows hit during the week, when anticipation of a Federal Reserve meeting drove the token as low as $60,000. But the near-term outlook for the token was clouded by a strong dollar, as signs of resilience in the U.S. economy, in comparison to its peers in the developed world, made the greenback appear especially attractive. The Fed may also lag most of its central bank peers in cutting interest rates.Still, with the Fed maintaining its outlook for at least three interest rate cuts in 2024, the dollar is expected to eventually decline. Markets are still positioned for a 25 basis point cut in June, according to the CME Fedwatch tool.Such a scenario bodes well for Bitcoin, given that the token’s highly speculative nature helps it thrive in a low-rate environment.A halving event, which is expected to slash the generation of new Bitcoin by 50%, is also expected to push up prices in 2024. The halving is expected to occur by April.”ETF activity may begin to slightly fade away and make room for the highly-anticipated halving. With the way ETF activity impacts Bitcoin now, it is this rewards-halving event that will determine Bitcoin’s next course of price action,” Elitsa Taskova, Chief Product Officer at Nexo, told Investing.com More

Rollie Finance, the first one-swipe AI trading perpetual exchange on Scroll, announced today that it has raised a seed round of funding from Animoca Ventures, M77 Ventures, Sandy Peng, Co-Founder of Scroll, Alex Lee, Founder of Wombat Exchange, and Kate Wong, COO of RSS3. Rollie Finance stands out from the many decentralized perpetual exchanges through its innovative AI-powered one-swipe-trading design, in which trades can be placed by simply swiping left or right on mobile to reflect users’ interests and trading appetites. Inside the simple one-swipe-trading interface, numerous trading algorithms, years of trading experience, real-time on-chain data, AI analysis, and more are simultaneously implemented in the background to ensure the trade is both simple and sophisticated. The new funding announced today will be used to further refine Rollie’s AI-powered trading algorithms.Animoca Ventures is the venture investment arm of Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 400 investments in Web3 projects, and with the mission to advance digital property rights and decentralized projects that contribute to building the open metaverse.WebsiteTwitterTelegramContactCMOMerlinRolliemerlin@rollie.financeThis article was originally published on Chainwire More

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Outer Edge, Animoca Brands and King Abdulaziz City for Science and Technology (KACST) present Summit on 23 April to highlight advances in Web3 and gaming ecosystem development in Saudi ArabiaOuter Edge, one of the pioneer events in the world of Web3, tech, culture, and entertainment, today announced a partnership with Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and King Abdulaziz City for Science and Technology (KACST), the national labs of the Kingdom, to debut Outer Edge Riyadh on 23 April. The dynamic event is set to bring together some of the biggest names in the blockchain, AI, and gaming ecosystems from all over the world to Riyadh, Saudi Arabia.Outer Edge, historically based in LA and now expanding to the Middle East, is known for hosting memorable events and presenting invaluable networking opportunities for founders, builders, and venture capitalists in emerging technologies.The Saudi Arabia tech revolution has already made major strides in developing various industries as the country builds a solid ecosystem for digital entrepreneurship. Saudi Arabia is focusing on enhancing its technology sector in line with the Saudi Vision 2030 plan, as businesses continue to invest in new tech such as AI, blockchain, VR, AR, and the Internet of Things.Outer Edge Riyadh, a partnership between Edge of Company and Animoca Brands, presented by King Abdulaziz City for Science and Technology (KACST), comes at a pivotal moment during the growth of the blockchain sphere. The partnership aims to bring together industry leaders, experts, creatives and more to Riyadh’s innovation district, The Garage, a technology hub for local and international startups. KACST’s strategic partnership with Animoca Brands includes plans for the development of a physical Web3 hub in Riyadh to enhance research and development efforts within the fields of Web3, blockchain, gaming, AI, as well as providing bespoke educational programs.Mohammad Hadhrawi, general manager, Gaming and Immersive Technologies Institute at KACST, notes: “At KACST’s Gaming and Immersive Technologies Institute, we are dedicated to advancing the frontiers of R&D in gaming and immersive technologies. Our efforts are aligned with the national vision and strategies, aiming to foster an innovative ecosystem that nurtures creativity, technological advancement, and economic diversification. By spearheading projects that leverage web3, AI, and immersive experiences, we aim to impact the global technology landscape and equip our nation with the skills and opportunities to excel in these fields. Our commitment is to deliver tangible outcomes that contribute to the Kingdom’s position as a leader in the economies of the future (a key priority area for the kingdom), ensuring a sustainable and prosperous future for all.”Joshua Kriger, Outer Edge co-founder and co-host of Edge of NFT and Edge of AI podcasts, said: “When we started Outer Edge LA, the intent was always to catalyze innovation globally. We are thrilled to take the concept of co-creation, connection and community abroad to the Kingdom of Saudi Arabia and unite regional and global leaders in Web3, AI, and gaming. Our unique format cultivates long-term collaboration opportunities at the intersection of culture, entertainment, and technology.”Taking place on 23 April at The Garage in the center of the city, Outer Edge Riyadh will bring together industry leaders, creatives, visionaries, entrepreneurs, and investors for an experience that threads together education and entertainment, to explore beyond the implications of decentralised Web3 and AI technology on society. Topics will include smart cities, gaming, esports, art, culture and more.Notable speakers at Outer Edge Riyadh will include Yat Siu, co-founder and executive chairman of Animoca Brands; Calvin Zhou, co-founder of Shrapnel, a venture backed UGC; Salwa Radwi, founder of ‘Nuqtah’, the first Saudi NFT Marketplace; Vatom founder and CEO Eric Pulier; Amanda Cassat, founder and CEO of Serotonin; Cole Damon, CEO of AG Esports Global; Yasser N Al Obaidan, chairman of Jawraa; and Sebastien Borget, co-founder and COO of The Sandbox. Yat Siu, the co-founder and executive chairman of Animoca Brands, commented: “Through our partnership with Outer Edge Riyadh we are honoured to help support the MENA region’s progress toward fully harnessing the power of Web3 and blockchain. Global leaders at Outer Edge Riyadh will gather to engage in spirited discussions, forge valuable partnerships, create new opportunities, and mobilize on a variety of topics ranging from revolutionizing smart cities to redefining finance and entertainment.”Audience members at Outer Edge Riyadh will be able to stay ahead of the curve and experience first-hand the gateway to the future in a fully immersive and exclusive experience shaping tomorrow’s innovations in decentralized technology. The event is expecting attendance from some of the Kingdom’s industry leaders, government officials from across MENA, influential investors, and many others.Interested individuals can find more information and apply to participate in this exclusive invite-only event at https://www.outeredge.live/riyadh.About Edge of CompanyThe Edge Of Company is a pioneering emerging technology media, event, and advisory venture dedicated to pushing technological boundaries and redefining human potential. With focuses on web3, technology, and culture, the Edge Of Company aims to bridge the gap between these domains, fostering innovation, collaboration, and exploration. Projects include their event series, Outer Edge, as well top podcasts Edge of NFT and Edge of AI. With over 120k combined subscribers, both podcasts can be found on YouTube, Spotify (NYSE:SPOT), Apple (NASDAQ:AAPL) Podcasts, Google (NASDAQ:GOOGL) Podcasts, as well as major streaming channels via Defiance Media and more.About Outer EdgeOuter Edge is dedicated to those building at the Outer Edge, making the future happen. The community-centric gathering debuts in Riyadh April 23, 2024 to uplift creators and technologists through interactive experiences, a wide variety of discussions and presentations, and entertaining surprises that transport participants to the outer edge of what’s possible. About Animoca BrandsAnimoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook (NASDAQ:META), and TikTok.About KACSTKACST, the National Labs of KSA stands as a pioneering organization in science and technology, dedicated to conducting applied research and supporting innovation to promote sustainable development within the Kingdom of Saudi Arabia. Its commitment to national development is realized through several key objectives. These include providing substantial support for scientific research and technological development, conducting applied scientific research, and coordinating national activities in the expansive domains of science, technology, and innovation. KACST also actively works towards fortifying both local and international partnerships to facilitate technology transfer, localization, and development. Furthermore, the organization plays a vital role in delivering consultations, services, and innovative solutions, while simultaneously investing in technology development and optimizing its commercial processes to contribute to the broader goals of technological progress in the Kingdom.ContactSharifa AlBadiOuter [email protected] article was originally published on Chainwire More