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В мире коллекционных товаров небольшая сенсация – автономные NFT, которые объединяют в себе невзаимозаменяемый токен и функционал смарт-контракта. Как технология работает, где может применяться и сможет ли вернуть популярность рынку NFT?

MATIC, the native token of the Polygon network, has had perhaps one of the most disappointing runs of the top cryptocurrencies in the last year. While most of the market rallied to new yearly highs, the MATIC price continued to struggle, leaving investors in massive losses. However, there may be light at the end of the tunnel for investors, as one crypto analyst has predicted a bullish breakout for Polygon.

Polygon Will Rally Once Again

In an analysis that was posted on the TradingView website, a crypto analyst who goes by the name Bixley painted a bullish picture for the Polygon price. Bixley explained that the MATIC price is currently on the trend line, which is just above the $0.7 where the altcoin is currently trading at.

Now, the thing about trend lines is that they need to be broken for the breakout to be actualized. In the cases where they fail to break, it could end up being very bearish for the coin’s price. However, in the case of Polygon, the analyst is optimistic that this trend line will be broken, which will lead to this breakout.

The crypto analyst also compared the Polygon price performance to that of Ethereum back in its early days. If this is the case, then the MATIC price could be in for a large move upward from here, especially if it succeeds in breaking the trend line.

For the targets once this breakout happens, Bixley reveals multiple levels where they expect the price to rise to. The first outlined in the chart is the $1.2 level which would constitute a 70% increase from the current price level.

Additionally, the crypto analyst expects the price to continue to rise, with another target sitting at $5.4. Reaching this level would mean an over 650% rise for the asset. Last but not least is the top target placed at $55. If MATIC were to rise this high, it would be a 7,800% increase in price.

MATIC Death Cross Worries Investors

In response to Bixley’s analysis, another crypto analyst took to the platform to point out a worrying trend. The analyst shared a chart that pointed out the formation of a death cross on the weekly chart for MATIC, something that could be very bearish for the price.

They point out that this formation could mean that the Polygon price is going much lower, and not higher, as Bixley believes. The chart shows a possible 70% drop from the current level, which would put the MATIC price well below $0.2.

If this analysis were to play out instead of Bixley’s analysis, then Polygon investors could risk losing even more of their investments during this time. However, with the bull market expected to resume and cryptocurrencies expected to follow Bitcoin, it is more likely to see an update compared to such a massive crash.

On-chain data shows the Bitcoin miner revenue percentage from the fees has exploded recently. Here’s what’s behind this sharp growth.

Bitcoin Runes Have Caused A Sudden Shake-Up In Miner Revenues

A couple of days ago, the much-anticipated fourth Halving, a periodic event taking place roughly every four years where block rewards that miners receive for solving blocks are permanently cut in half, finally took place on the Bitcoin network. While this was a major event for cryptocurrency, another watched development occurred on the network simultaneously. It was the release of the Runes, a new protocol for minting fungible tokens on the network.

The Runes protocol was developed by none other than the creator of the revolutionary Ordinals protocol, Casey Rodarmor. The Ordinals protocol was released back at the start of 2023 and provided a way to “inscribe” data directly onto a satoshi (sat), the smallest unit of Bitcoin.

Thanks to this protocol, a variety of applications became possible on the network, including Non-Fungible Tokens (NFTs). These applications have quickly gained popularity among users and have become mainstays on the network. With the launch of the Runes, there is now a sort of sequel to this legendary protocol.

How are the Runes different from the “inscriptions” that the Ordinals protocol produces? As Rodarmor’s “Ordinal Theory Handbook” puts it, “whereas every inscription is unique, every unit of a rune is the same. They are interchangeable tokens, fit for a variety of purposes.” Thus, the Runes create the opposite of NFTs: fungible tokens.

Fungible token functionality isn’t exactly new for Bitcoin, however, as the popular BRC-20 token standard already exists. So, why the hype behind the Runes? The reason behind that is the fact that the latter is much more simple and efficient than other standards.

The BRC-20 tokens use a roundabout way to inscribe fungible tokens, leveraging the Ordinals protocol, and running on an account-based system similar to Ethereum. Their complexity means that they require 3 transactions in order for 1 transfer to be complete.

The Runes, on the other hand, use an Unspent Transaction Output (UTXO) system (similar to how Bitcoin itself works) and are present entirely on-chain. This means that they can easily be accessed in block explorers. Also, unlike the BRC-20 tokens, they require only a single transaction.

Since their inception, the Ordinals-related applications have been making waves on the network and during peak mania periods, they have even been causing some temporary, but drastic effects on the economics of the cryptocurrency in terms of one particular metric: the transaction fees.

These applications naturally influence the traffic on the blockchain and when demand for them is high, this traffic can even surpass all other uses of the cryptocurrency.

The Runes appear to have followed in this lead, as the transaction fees on the network has also shot up since they have been introduced. As CryptoQuant Head of Research Julio Moreno pointed out yesterday in an X post, the miner revenue from transfer fees shot up to 75% alongside the Runes launch.

From the chart, it’s visible that the miners made a record-high $107 million in total revenues that day, a whopping $80.5 million of which came from the transaction fees alone.

Historically, fees have been much less relevant for miner revenues than the block rewards, but the recent applications on the network have caused at least temporary fluctuations where fees has spiked to notable levels.

With the latest Halving, the block rewards have been significantly slashed again, meaning that the primary source of revenue for these miners has been tightened.

As halvings would continue in the future and these rewards would shrink further, the miners would have to become increasingly reliant on transaction fees in order to survive.

Ordinals and Runes may provide a glimpse into a future where such applications would dominate the Bitcoin network and inflate the fees enough for it to serve as the main source of income for the miners.

BTC Price

Bitcoin had slipped under the $60,000 level in the leadup to the Halving, but since this low, the price has rebounded back towards $65,900.

Экономист, инвестор и сторонник инвестиций в золото раскритиковал сеть Биткоина за медленную скорость и высокую стоимость транзакций, а монету выставил нежизнеспособной.

К концу 2024 года количество трейдеров из Объединенных Арабских Эмиратов, ежедневно совершающих транзакции на мировых криптовалютных площадках, может превысить 700 000 человек. Об этом Bits.media сообщили аналитики Bitget Research.

The Shiba Inu development team announced a significant financial milestone, having successfully secured $12 million through the sale of its latest utility token, TREAT. This fund-raising round, led by the Web3-focused venture capital firm Animoca Brands, has drawn substantial support from a consortium of blockchain-focused investors, setting the stage for the development of an innovative Layer 3 blockchain.

Shiba Inu Dev Team Attracts Enormous Interest

The funding round attracted an array of global investors, including Mechanism Capital, Cypher Capital, Shima Capital, Big Brain Holdings, and Polygon Ventures, among others. Notably, the round included contributions from entities such as Morningstar Ventures, Woodstock Fund, and Comma 3 Ventures, underscoring the diverse investor interest in Shiba Inu’s technological aspirations.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, detailed the strategic deployment of these funds in an exclusive interview with The Street during the Token2049 event in Dubai. He revealed that the capital raised would primarily facilitate the development of the project’s new blockchain protocol and enhance the functionalities of its existing Layer 2 solution, Shibarium.

“The aim is to transform Shibarium into the meme center of the world while expanding security measures and ensuring regulatory compliance,” Kusama stated.

The most ambitious aspect of Shiba Inu’s roadmap involves the development of a Layer 3 blockchain, designed to function atop the Shibarium Layer 2 network. This new layer promises to introduce cutting-edge fully homomorphic encryption (FHE) technology, a pioneering method that allows data to remain encrypted even during processing, thereby offering unprecedented privacy and security benefits.

“This new encryption chain aims to address multiple issues in the crypto space, including privacy and trust, essential for our extensive community and potentially billions more as we expand our reach,” explained Kusama. The new blockchain also intends to maintain compliance with international laws, balancing user privacy with the necessary legal frameworks.

Beyond technological development, the Shiba Inu team is focused on expanding its reach and influence. Kusama noted that the current user base, predominantly crypto-savvy individuals, represents only a fraction of the potential market. “I can’t capture much more market share of the crypto world but, boy, is there a huge part of the world, like 95% of the world, that has no idea about crypto. They might’ve seen our brand, they might’ve seen our logo but they will (know us) by the end of the year,” he emphasized.

The funding will also support new partnerships and community initiatives, including the acquisition of a .shib top-level domain and collaborations aimed at leveraging blockchain technology to authenticate and distribute videos. These efforts are part of Shiba Inu’s broader strategy to evolve into a “social network state,” where the community’s governance and interaction are heavily integrated into the blockchain framework.

Roadmap And Tokenomics For TREAT

The TREAT token, integral to this funding round, will join Shiba Inu’s diverse ecosystem of tokens like SHIB, LEASH, and BONE. TREAT is designed as both a utility and governance token that will play a crucial role in the new Layer 3 blockchain. Despite not being officially released yet, Kusama warned against fake tokens circulating in the market, emphasizing the importance of community awareness.

Looking ahead, the Shiba Inu team plans to launch a testnet for the Layer 3 blockchain in the third quarter of this year, with a mainnet launch slated after comprehensive testing and auditing processes.

At press time, SHIB traded at $0.00002688.

71-летний цифровой художник из Индии пострадал от аферистов, выдававших себя за арт-дилеров невзаимозаменяемых коллекционных токенов (NFT). Пожилой человек лишился 1,58 лакха индийских рупий (около $1895).

The Terra community has initiated crucial proposals that could revive the cryptocurrency by bringing new changes to the Terra Classic ecosystem. With the voting process still ongoing and community feedback highlighting a potentially positive outcome, the price of LUNC, the native token of Terra Classic, has seen a major uptick. 

Terra Community Set To Pass New Proposal

The Terra Classic community is set to pass two new proposals for the ecosystem, involving the decrease of maximum block size and the increase of gas fees by 10x. The voting process for the proposals is still ongoing, with only one day, and over one hour left to officially announce the results. 

Reports from Validator info, a real-time data analytics platform have revealed that the proposal regarding reducing the maximum block size has gathered a staggering number of votes. Currently, 99.88% of community members and validators have voted in favor of the plan, while only a mere 0.11% have expressed opposition.

Genuine Labs, a Terra Classic developer group, first introduced the proposal after identifying potential risks in prominent blockchains like Solana (SOL), Polkadot (DOT) and Cosmos (ATOM). If approved, the proposal would see the maximum block size reduced from 5 MB to 2 MB, to grossly diminish peer-to-peer spam within the ecosystem. 

On the other hand, the second proposal to increase gas fees by 10x has had a negative reaction from Terra community members. 

“We vote NO on proposal 12095 to increase gas fees x 10 to deter future attacks, this risks harming our ecosystem’s growth, diminishing support for dApps, and driving up costs for end-users,” the Terra community stated in an X (formerly Twitter) post. 

Despite the strong opposition, approximately 59.99% have voted for the approval of the proposal, whereas only 27.77% have voted against it. 

LUNC Prices Leap Amid Declining Trading Volume

The community’s favorable outlook on the proposals appears to have had a positive effect on the price of LUNC. Reports have revealed that the cryptocurrency witnessed a surge of over 10% in just a day. Additionally, LUNC’s trading volume had increased by over 500%. 

However, despite the dramatic increase, other critical metrics remained bearish. Santiment charts disclosed a reduction in LUNC’s developmental activities and social volume. 

Moreover, the cryptocurrency has experienced a major price reversal. At the time of writing Terra Classic (LUNC) is trading at $0.00011, marking a 28.5% decline over the past month and a 0.21% decrease in the past 24 hours. The cryptocurrency’s 24-hour trading volume has also plummeted significantly, reflecting a 44.9% decrease, according to CoinMarketCap. 

Аналитики Forbes Advisor объявили, что халвинг сети Биткоина прошел «не с шумом, а с хныканьем», и столь ожидаемое криптоинвесторами событие практически не повлияло на цену первой криптовалюты.

22 апреля — День рождения вождя мировой революции, основателя советского государства В.И. Ленина Ленинский понедельник в прямом эфире программы «АВРОРА НА ЛИНИИ с Фёдором Бирюковым» #РадиоАВРОРА – это...

Аналитики компании CoinShares опубликовали отчет о движении средств в инвестиционных и биржевых криптовалютных фондах. Отрицательная динамика и отток капитала наблюдается, говорят эксперты, вторую неделю подряд.

Директор института ЕАЭС Владимир Лепехин в эфире Радио АВРОРА рассказал о своём отношении к созданию при РГГУ учебно-научного центра «Высшая политическая школа имени Ивана Ильина» под руководством Александра...

The world of crypto and decentralized finance (DeFi) is no stranger to controversy, and the latest project to raise red flags is ZKasino, a gambling platform promising anonymity and high stakes. However, a storm of accusations paints a grim picture, suggesting ZKasino might be nothing more than a meticulously crafted house of cards ready to crumble.

ZKasino Accused Of Diverting Funds And Deceiving Investors

Trouble began brewing for ZKasino in March when ZigZag, a rival decentralized exchange, leveled serious accusations. ZigZag claims ZKasino not only lied about its funding but also diverted funds meant for development into personal pockets. The accusations don’t end there.

ZKasino allegedly failed to pay contractors who helped build the platform, further eroding trust.

I’m gonna lay this out since it gets worse and worse everyday.

Multiple people have approached me in the past week with allegations that the @ZKasino_io team owes them money or defrauded them in some way.

Multiple former employees and contractors have contacted me to let me…

— ZigZag Exchange (@ZigZagExchange) March 23, 2024

These allegations gained traction when ZKasino users voiced concerns about a broken promise. Initially, ZKasino promised users the ability to withdraw their bridged Ethereum (a process allowing Ethereum to be used on other blockchains) 1:1.

However, upon launch, users discovered their funds were locked in ZKasino’s token ($ZKAS) with a 15-month vesting period. This move fueled speculation that ZKasino was engaged in a “rug pull,” a notorious crypto scam where developers abandon a project after taking user funds.

Crypto Investors Scramble To Distance Themselves From ZKasino

The weight of these accusations proved too much for some of ZKasino’s initial supporters. MEXC, a major crypto exchange that participated in ZKasino’s funding round at a hefty $350 million valuation, distanced itself from the project.

In a public statement, MEXC claimed it was unaware of any potential rug pull and considered itself another victim of ZKasino’s alleged deception.

Another investor, Big Brain Holdings, echoed MEXC’s sentiment. While Big Brain Holdings didn’t directly invest in ZKasino, they had invested in ZigZag back in 2022. They allege that several former ZigZag founders are now part of the ZKasino team, a fact they now see as a red flag. Big Brain Holdings stated they would not accept their offered token distribution from ZKasino and expect other investors to follow suit.

Speculations Of A Rug Pull

The evidence against ZKasino paints a troubling picture. ZigZag’s claims, coupled with broken promises and investor backtracking, raise serious concerns about the project’s legitimacy. While ZKasino has yet to respond to the accusations, the silence only fuels speculation of a rug pull.

Featured image from Carpet Cleaning, chart from TradingView

Бежавший из-под стражи в Нигерии региональный менеджер криптобиржи Binance по Африке был обнаружен в Кении, а потом задержан сотрудниками местной полиции и Интерпола.

Команда литовского финтех-проекта Trastra объявила о запуске «крипто-дружественных» переводов через межбанковскую систему SWIFT. Представители компании уверяют, что новое решение упростит международные транзакции.

The estate of the bankrupt crypto exchange FTX is preparing for another significant disposition of assets, this time involving locked Solana (SOL) tokens. Unlike prior transactions, this batch of Solana tokens will be sold through an auction process, a departure from the fixed-price sales previously conducted.

According to Mike Cagney, CEO of Figure Markets, a decentralized financial services firm, the estate will reveal the exact details of the auction today. The decision to opt for an auction rather than a fixed-price sale reflects a strategic pivot designed to potentially maximize returns for the estate’s creditors.

How Much Are The Solana Tokens Selling For This Time?

The last transaction involving Solana tokens by the FTX estate brought in $1.9 billion, with the tokens priced at approximately $64 each, in stark contrast to Solana’s current market value of around $150, representing a 67% discount to its market value at the time. As FTX disclosed in the summer of 2023, the bankrupt crypto exchange held $1.2 billion in Solana as at August 31, 2023. SOL was at $20 at the time.

Figure Markets, led by Cagney, is organizing a Special Purpose Vehicle (SPV) to allow a broader range of investors to participate in the auction. This SPV will be open to non-US investors and accredited US investors, aiming to consolidate and amplify bidding power.

Cagney’s announcement on X (formerly Twitter) serves both as a call to action and an invitation: “Just got confirmation that the next round of locked Solana coins from the FTX estate will be an auction, with exact details coming Monday. If you want in, join us.”

Cagney added in another post on X, “Ok – are you an FTX creditor upset about the SOL sales? Or you aren’t a creditor, but still think the last sales went way too cheap? Well, now you can do something about it.” This initiative not only opens up financial opportunities for investors but also provides a platform for affected parties to influence the outcome of the asset liquidation process actively.

Related Reading: Solana Lender Drama Deepens: $250 Million Outflow After Founder Quits

The locked Solana tokens represent a significant portion of FTX’s asset holdings at the time of its collapse and have been a focal point for buyers willing to speculate on the future market movements of these assets. The nature of these tokens, being locked, means they cannot be sold until a specified future date, adding a layer of risk and potential reward that appears to have attracted strong investor interest.

At press time, the Solana share price was -27% below its high for the year of $210. SOL was trading at $ 152.94 and is now heading for the crucial resistance of the 0.618 Fibonacci retracement level at $162.

Независимый кандидат в президенты Соединенных Штатов Америки обещает своим избирателям перевести всю работу с госбюджетом страны на блокчейн. По его мнению, такая новация обеспечит более высокую прозрачность и подотчетность расходов.

По мнению генерального директора инвестиционной компании Bitwise Asset Management Хантера Хорсли, в ближайшее время многие фирмы увеличат свои доли в спотовых ETF на биткоин.

Amidst the burgeoning landscape of cryptocurrency solutions, Shiba Inu’s layer 2 protocol Shibarium suffered a major setback due to a temporary network outage within the platform that affected users’ seamless operations and experience. 

Shibarium Faces Temporary Service Disruption

Popular Shiba Inu developer Kaal Dhairya shared the information on the X (formerly Twitter) platform today while offering an update on the development. This development underscores the difficulty in upholding reliable network infrastructure in the face of increasing demand and changing technological environments.

It is important to note that since the launch of Shibarium, the feature has had several network outages. Following its founding in August last year, Shibarium witnessed a significant technical problem, which resulted in the failure of its mainnet Remote Procedure Call (RPC). 

Shibarium consequently underwent a rigorous two-week scaling period before relaunching on the main net and continuing to function ever since. Kaal Dhairya noted that networking problems amongst Shibarium validators caused the recent temporary service outage. Specifically, these Shibrium validators are organizations in charge of verifying transactions on the platform and preserving the integrity of the network.

Although the network has fully recovered, several services, such as the platform’s block explorer Shibariumscan and external RPCs, may still be unavailable until the suggested actions are taken, indicating the team’s continued effort to resolve the technical issues.

The post read:

There was a temporary Shibarium outage caused because of networking issues amongst the validators. The network is back up and running now, some services like Shibariumscan or external RPCs can still remain down until the steps provided are implemented.

Given some services are still down, Dhairya has urged every external team working on the platform’s infrastructure, like RPC, to get in touch in order to arrange for more efficient communication over shared Slack and Telegram channels.

Latest UI Update On The Layer 2 Solution

The recent mishap came in light of the inception of the latest User Interface (UI) upgrade on the layer 2 protocol designed to help link Shibarium to other leading platforms and improve the blockchain experience for users. “We expanded wallet compatibility with MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect to let you Shibas connect the way you want,” the team stated.

According to the team, user experience and speed were their top priorities while rebuilding the platform. Thus, they are constantly working to improve the utilization and potency of blockchain technology. 

With this new UI update, the solution’s performance is bound to improve, making it more rapid, smoother, and more accessible than ever. This upgrade is also indicative of Shibarium’s consistent efforts to expand accessibility and usability in the context of decentralized finance.

Комиссия по ценным бумагам и биржам Таиланда (SEC) намерена блокировать нелицензированные криптовалютные платформы для защиты пользователей и борьбы с отмыванием денег.