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Crypto liquidity protocol KyberSwap implements new live price charts and trade route displays

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Crypto liquidity protocol KyberSwap implements new live price charts and trade route displays

KyberSwap is the stand alone dApp from Kyber Network, a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates…

Crypto liquidity protocol KyberSwap implements new live price charts and trade route displays

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Coin98 Wallet, a non-custodial cryptocurrency wallet to store, manage, trade, and swap multi-chain tokens, has integrated Kyber Network’s newest liquidity protocol. With the Kyber DMM liquidity protocol now accessible on Coin98 Wallet, users can…

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Following the approval of KIP-9 by KyberDAO, it was announced today that crypto liquidity platform Kyber will deploy its new Kyber DMM (Dynamic Market Maker) protocol on the Polygon network on June 30th. This announcement…

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Kyber Network, an on-chain cryptocurrency liquidity protocol, has announced it is now offering the first natively insured pools for its new Dynamic Market Maker (DMM) protocol. The policy acquired by Kyber from Unslashed Finance…

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Bit Coin

GamingShiba Becomes CoinMarketCap’s Most Trending Token

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GamingShiba Becomes CoinMarketCap’s Most Trending Token

Streaming, NFT, and metaverse project GamingShiba (GAMINGSHIBA) overtook bitcoin on Wednesday to secure CoinMarketCap’s most trending token. 

The meme coin’s top trending status comes in the same week that Shiba Inu (SHIB) announced its own metaverse project, creating a potential point of confusion for investors seeking to FOMO in. Despite strong similarities in appearance and name, GamingShiba has no relation to Shiba Inu.

GamingShiba is a microcap meme coin, which according to their website holds aspirations to create, ‘a binding bridge between Gamers, Streaming platforms, NFTs and Metaverse’. In a request for further information, GamingShiba says they will “only reveal how they will create this bridge once the project has reached 100,000 holders.”

A tweet on Wednesday declared that the project currently has over 45,000+ unique addresses so investors may have a little time to wait for further information. 

GamingShiba topped the CoinMarketCap trending charts on Wednesday (Source)

The streaming/gaming/NFT/Metaverse project also describes itself as ‘your virtual dog’ and offers the following food for thought on its homepage:

“The modern technology and contemporary ambient that the internet created can not be imagined to function as a whole without cryptocurrency. The impact that the cryptocurrency has on a global scale is astronomical in the sense of being the generator of almost every development and especially the latest one.”

Comparing Shiba Inu and GamingShiba


This seems very familiar

Besides strong similarities in both appearance and name, the development of Shiba Inu’s own metaverse has created fresh point of overlap between the two Shiba-themed projects.

On Monday Shiba Inu teased the launch of the Shiberse in 2022, which the company hails as ‘An immersive experience for our ecosystem’. The Shiba Inu team promises further details at a later date.

In December of 2021 it was revealed that Shiba Inu has a multiplayer collectible card game in the works with development outsourced to the Australian gaming company PlaySide Studios. The final game is expected to be delivered in Q1 2023. 

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Bit Coin

Gold, Stocks, and Bitcoin: Weekly Overview — January 27

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Gold, Stocks, and Bitcoin: Weekly Overview — January 27

This week’s overview of price movements for Bitcoin (BTC), gold, and our stock pick Google-parent Alphabet Inc.

BTC

The price of Bitcoin (BTC) in January has gone from bad to worse. Already having dropped coming into the new year, BTC was trading around $44,000 on January 13.

Over the next few days it traded down to $43,000 before reaching $42,000 by January 20. However, after a brief spike, BTC proceeded to plummet into the following days, hitting as low as $34,000 on January 22, and $33,000 on January 24. Buying pressure then returned pushing it back up to $37,000, and as high as $38,000 by January 26.

It is currently trading below $37,000.

According to Caxton market intelligence head Michael Brown, Bitcoin’s recent decline reflects the “institutionalization” of crypto assets, in the sense that they are increasingly traded like other risky assets.

“Unsurprisingly, given that the ‘easy money’ party is now coming to an end, it is the most risky assets — crypto – that are bearing the brunt of the market’s ire,” he said. “With the Fed likely to ramp up the hawkish commentary in upcoming remarks, further downside looks likely.”

GOLD

While gold had a good past week, it has since dropped below last week’s lows. On January 13, the price of gold was roughly $1,824. Over the next few days it traded down to $1,812 by January 19, when it suddenly spiked up to $1,840. Hitting $1,848 on January 20, gold traded down a bit before pushing back up to $1,852 by January 25.

However, by the next day, the price of gold plummeted and is now trading around $1,796.

Gold prices extended losses to a more than one-week low, while the U.S. dollar and Treasury yields rallied, following U.S. Federal Reserve Chairman Jerome Powell signaling an interest rate hike in March. That sent U.S. Benchmark 10-year yields close to one-week highs while the dollar rose to its strongest in over a month.

“The reaction was normal in the sense that Chairman Powell stressed the strength of the economy and the determination to fight inflation,” said Commerzbank commodities analyst Carsten Fritsch.

GOOG

Alphabet has had a pretty dismal start to the new year. Starting out 2022 at around $2,900, Alphabet started falling by January 5 and reached roughly $2,740 by January 7. After gapping down the next trading day GOOG proceeded to push up the next two days, eventually gapping up to $2,850 by January 12. That momentum had reversed the next day, with GOOG gapping down to $2,740 by January 18, then continuing falling, gapping down again to $2,550 by January 24.

Since then however, GOOG has recovered a bit, and is currently trading around $2,640.

Earlier this week, YouTube announced it was considering adding non-fungible tokens (NFTs) to its features for creators this year, according to a letter from the CEO. The letter marks the first time ​​YouTube’s owner, Alphabet Inc.’s Google, has announced integration with the cryptocurrency collectibles.

“We’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs, while continuing to strengthen and enhance the experiences creators and fans have on YouTube,” Chief Executive Officer Susan Wojcicki wrote in her annual letter to creators.

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Ethereum

Defi Protocol Wonderland Finance, allegedly tied to collapsed exchange QuadrigaCX co-founder, Michael Patryn

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Defi Protocol Wonderland Finance, allegedly tied to collapsed exchange QuadrigaCX co-founder, Michael Patryn

Recently, a self-proclaimed crypto investigator, known as Zachxbt.eth, claimed that the Avalanche-based De-fi protocol Wonderland was allegedly co-founded by Micheal Patron, the co-founder of the now collapsed exchange QuadrigaXC. QuadrigaXC left more than 76,000 investors from Canada and around the world, collectively out-of-pocket for at least $169 million, according to Reuters.

A thread of communication with Daniele Segastali – the other co-founder of Wonderland – was posted on Twitter by Zach, alleging that the CFO of Wonderland, user @0xsifu, is the Quadriga co-founder Michael Patryn.

1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn. If you are unfamiliar that is the Canadian exchange that collapsed in 2019 after the founder Gerald Cotten disappeared with $169m

I have confirmed this with Daniele over messages. pic.twitter.com/qSfWNnQPhr

— zachxbt.eth (@zachxbt) January 27, 2022

Michael Patryn, also known as Omar Dhanani, was reportedly sentenced to 18 months in federal prison for being involved in identity theft related to bank and credit card fraud back in 2015. According to Bloomberg, 22-year-old Dhanani pleaded guilty to operating shadow crew.com, a now-defunct marketplace that trafficked over 1.5 million stolen credit card and bank card numbers.

TayVano, @mycrypto’s co-founder backs that claim up with further on-chain evidence. She confirmed that in 2019, she labeled Patryn’s wallet with a note that identifies it as his Ethereum address. The on-chain data shows that the wallet is active and has completed transactions to 0xSifu’s address.

@Danielesesta – the co-founder of Wonderland, has made the below statement on this:

“To summarize what has happened, word came out that Sifu who has been running the Wonderland Treasury, previously was a cofounder of QuadrigaCX, and has had other occurrences in the past.

I found out about this 1 month ago, I am of the opinion of giving second chances, as I have mentioned on Twitter. I’ve seen the community very divided about my choice of maintaining him as the treasury manager after finding out who he was and his past.

Regardless, what has happened has happened. Now having taken some time to reflect, I have decided that he needs to step down till a vote for his confirmation is in place. Wonderland has the say to who manages its treasury not me or the rest of the wonderland team.”

Read the full statement here.

According to Coin Gecko, the current Total Value Locked of the underlying token Wonderland (TIME) is $75,965,528. The (TIME) token has traded on negative, 61% in the past seven days.

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