Author: Crypto News Live
Dubai — Bybit, the world’s second-largest Web3 platform by trading volume, has announced the integration of three new chains – SUI, ZKLink, and Scroll – into its ecosystem. —This strategic expansion allows Bybit users to seamlessly switch between these chains within the Bybit Wallet extension, broadening access to a diverse range of DeFi applications and services.Key HighlightsSupported Seed Phrase Wallets: Bybit Wallet remains compatible with popular seed phrase wallets, ensuring a smooth and familiar transition for users adopting these new chains.Seamless Integration: The new chain integrations are now live on the Bybit Wallet Extension, enabling users to manage assets across…
MiniPay, a blockchain-based wallet built on Celo, has added support for USDT and USDC stablecoins with the launch of its new feature Pockets. Announced on Wednesday, Pockets is an upgrade that brings one-click stablecoin swaps to MiniPay, the non-custodial stablecoin wallet in Opera. MiniPay is currently available in the four African markets of Nigeria, Kenya, South Africa and Ghana. MiniPay’s hits milestone with Pockets launch Specifically for Pockets, MiniPay can now offer users the new functionality of being able to swap between Celo Dollar (cUSD) and the top stablecoins USDT and USDC. The new feature is a collaboration between MiniPay…
As Bitcoin drops for the fourth consecutive day, non-fungible tokens (NFTs), once thought to be dead, have surprisingly had their best quarter since early 2023. Non-fungible tokens (NFTs) witnessed their best quarter in Q2 as the sector of digital collectibles saw a 28% increase in sales count, reaching levels last seen in Q1 2023. In a recent research report, analysts at DappRadar revealed that NFTs recorded $4 billion in trading volume in Q2, marking a 3.7% increase compared to Q4 2023. According to DappRadar’s blockchain analyst Sara Gherghelas, Blur remains the dominant force with 31% market dominance, though the platform…
The non-custodial asset bridge provider Celer and the blockchain gaming ecosystem Oasys have partnered to provide Bridged USDC Standard support on the Oasys blockchain. The global financial technology company Circle Internet Financial (Circle) developed the Bridged USDC Standard to allow qualifying blockchains to have a future upgrade route from bridged USDC to native USDC. The world’s biggest regulated US dollar-backed stablecoin, USDC, is issued by Circle. Before a possible upgrade to natively issued USDC occurs, bridged versions of USDC that adhere to Circle’s Standard may operate as a stand-in for USDC for developers and users in new blockchain ecosystems. This…
Amid the ongoing bloodbath in the cryptocurrency market, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has not been spared. Over the past week, ETH has experienced a significant 9% price decline, bringing it down to the $3,130 level. As market participants closely monitor the situation, the focus now lies on crucial levels that must be held back to prevent a deeper retrace that could lead to substantial losses and heightened liquidation rates not witnessed in months. Make-Or-Break Moment For Ethereum Price Crypto analyst “Inspo Crypto” has drawn attention that Ethereum’s price has retraced to levels last seen at the…
Community Gaming, the leading competitive gaming platform for tournaments, announced a strategic partnership with Mantle Network, a Layer-2 blockchain solution designed to scale Ethereum. This collaboration aims to enhance the gaming experience by leveraging Mantle’s fast transaction speeds and low gas fees, making it the perfect match for scaling its competitive ecosystem. Community Gaming (CG) provides a practical use case of blockchain technology that simplifies onboarding and solves real gaming problems. CG’s automated solution uses smart contracts, allowing instant payment distribution to thousands of players in a single event. Level up! Welcome to Mantle Ecosystem, @CommunityGaming 🎮CG showcases how blockchain…
Web3 Castle Age transforms the original Castle Age game by integrating blockchain technology. This new version on the Ethereum blockchain enhances security, ensures player ownership of in-game items, and offers a more interactive experience. This article will detail these innovations and how they change the way you play Castle Age.Key TakeawaysWeb3 Castle Age integrates blockchain technology to enhance security, player ownership of digital assets, and improved privacy, while running on the Ethereum Blockchain.Players must create a Castle Age Universal account to participate, which allows significant gameplay features such as guild battles and collaborative quests, independent of Facebook.Web3 Castle Age incorporates…
Blockchain startup Obol Labs has formed a new industry group that aims to advance the growing field of distributed validator technology – at the heart of the latest push by developers to eradicate single points of failures within decentralized networks like Ethereum. The Obol Collective includes a consortium of Ethereum ecosystem players “dedicated to the security, resiliency and decentralization of Ethereum consensus,” according to a blog post Wednesday from Obol Labs. The company is the primary developer behind Obol Network, seen as one of the leading distributed validator projects. Obol Labs says the collective includes more than 50 staking protocols,…
DWF Labs, a Web3 investor and market maker, has announced the launch of the $20 million USD Cloudbreak Fund. This initiative aims to empower promising projects and founders in Chinese-speaking regions through investments and strategic resources, highlighting DWF Lab’s ambition to foster growth in the Web3 ecosystem. DWF Labs provides financial support to these projects, ensuring they have the necessary resources to succeed.The Cloudbreak Fund will nurture initiatives in various sectors, including GameFi, SocialFi, Memecoins, Derivatives, Layer-1/Layer-2 infrastructure, and AI projects. By providing support, the fund aims to accelerate the growth of these projects and help them gain a foothold…
Bitwise CIO predicts $15 billion inflow into Ethereum ETFs within 18 months. Ethereum ETFs expected to attract significant institutional investment, bolstering ETH’s market position. Anticipation for the launch of Ethereum [ETH] ETFs has reached a fever pitch, with many experts speculating about potential launch dates. Industry analysts are increasingly confident that ETFs could debut as soon as mid-July. Recent developments suggest that multiple applicants will submit their amended S-1 forms by 8th July, as reported by Bloomberg. Nate Geraci, president of The ETF Store, indicated that final approvals could be expected by 12th July, potentially setting the stage for a launch…
