Magic Eden has launched the first fully audited Bitcoin NFT marketplace.The marletplace has integrated two non-custodial wallets to support seamless transactions.Magic Eden now supports NFT marketplaces for Solana, Ethereum, Polygon and Bitcoin.Cross-chain NFT platform Magic Eden has added to the impetus around NFT Ordinals on Bitcoin by launching a fully audited Bitcoin NFT marketplace. The digital artifacts marketplace will feature everything from images and audio clips.Magic Eden’s move means traders within the ecosystem are set to benefit from being able to buy and sell Bitcoin-based inscriptions tied to satoshi – the smallest unit of measuring value for BTC.A new dimension to NFT universeIn a press release published on Tuesday, Magic Eden noted the infrastructure supporting Bitcoin inscriptions is growing, even as the network counts over 400,000 such digital artifacts so far. At the moment, the Bitcoin NFT marketplace has integrated two non-custodial wallets – Hiro and Xverse – with support for features such as listing, delisting and buying and selling. The marketplace already offers access to more than 70 collections.3/ Why Bitcoin? Ordinal digital artifacts exist on-chain, never off-chain, and are totally immutable, meaning they cannot be altered in any way.Add the security aspect of BTC & the decentralization of its nodes, and you get the ultimate home for true digital collectibles.— Magic Eden 🪄 (@MagicEden) March 21, 2023Commenting on the development, Magic Eden co-founder and CEO Jack Lu, noted:“Adding a Bitcoin marketplace is really exciting for our team, considering it is the grandfather of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension into the universe of NFTs.”Part of the early efforts aimed at accelerating adoption include Magic Eden’s partnership with 13 top collections, including Inscribed Pepes, Taproot Wizards and Bitcoin Bandits. Digital artfacts on the platform will be subject to top quality filtering, with collectors having access to details such as Ordinal rarity, name, inscription number, age and so forth.“On Bitcoin, all media that is uploaded onto the chain cannot be changed or removed,” Lu said in a statement. “This simplicity is embraced by many creators who want to create true collectibles that are inscribed onto the chain. We’re excited to bring our winning marketplace user experience we’ve developed over the last year and a half to Bitcoin.”Magic Eden’s release of a Bitcoin NFFT marketplace builds on the company’s solid foundation as a top provider of blockchain and Web3 solutions. While it remains the leading NFT marketplace for Solana, this latest move adds to recent expansions to Ethereum and Polygon.The post Magic Eden launches Bitcoin NFT marketplace appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/YtzfLBP

Key TakeawaysThe Ethereum Shanghai upgrade is imminent, meaning stakers will finally be able to unstake their ETH, some of which has been locked up since 202117.7 million is ETH is staked, equivalent to 14.8% of the entire supplyThis is just below the amount of ETH on exchanges, which is 18.3 million ETH, equivalent to 15.2% of the supplyPrice effects of upgrade are likely already priced in, but this amount of supply being released is nonetheless notableThe Ethereum Shanghai upgrade is slated to occur in mid-April. While not as seismic a shift as the Merge event which took place last September, it is nonetheless an important moment for the world’s second-largest cryptocurrency. The most impactful consequence will be around Ethereum stakers. For the first time, those with staked ETH will be allowed to unstake their holdings. How much Ethereum is staked?And that is a lot of ETH. Currently, there is 17.7 million Ether locked up in staking contracts, equivalent to 14.8% of the total supply. Once the upgrade goes live, this ETH will finally be eligible to hit the market. That may sound like a scary proposition, but in reality, there have been many liquid staking alternatives available throughout the staking period, which kicked off in late November. In such a way, stakers have received back liquid “tokens” which can be traded in place of ETH. These tokens can then be redeemed for actual ETH once the upgrade goes live – which we now know is imminent. Nonetheless, there may be some elevated selling pressure in the immediate aftermath of the event. The liquid tokens have traded for (usually small) discounts compared to ETH, while it will also now be more intuitive and simpler for people to sell.Despite all this, concluding that this will dent ETH’s price would be naive. The market knows this is coming and that same old concept of “priced in” is gain relevant. Remember, many hypothesised that the Merge would drive a massive price increase, but it came and went with only minor volatility. If the Shanghai upgrade goes smoothly, it would not be a surprise to see the same happen here. Could the Ethereum staking yield be DeFi’s risk-free rate?One thing I have wondered about is what the yield on staked ETH will look like going forward. One theory is that, if Ethereum continues to act as the base layer for decentralised finance, the staking yield could look like some sort of risk-free yield in the space. In such a way, it could be used as a benchmark to value investments in the space, much like the risk-free rate in traditional finance is used. Then again, with the way DeFi has gone over the last couple of years, maybe it won’t. The space has seen a flood of capital flee the space as the bear market has ravaged cryptocurrency as a whole. Where is the rest of ETH held?With 15% of the ETH supply locked up in staking contracts, and the number steadily rising from when staking opened up in late 2020, the balance on exchanges has done the opposite. There is currently 18.3 million ETH on exchanges, equivalent to 15.2% of the supply, slightly above the 14.8% that is staked. The 18.3 million ETH on exchanges represents the lowest figure since June 2018, at the depths of the previous crypto winter. The chart shows that the balance has been falling steadily since ETH staking came online. Of course, the above charts are in native units. When flipping the denominated unit to the dollar value of ETH instead, you get a much wackier pattern. Nonetheless, the dollar value on exchanges is still above what it was until the first quarter of 2021.As cryptocurrency markets as a whole rally off the back of renewed hope that the Federal Reserve will pivot off high interest rate policy sooner than previously anticipated, Ethereum has followed, trading at $1,800, its highest price since last September – right when the Merge occurred. Macro will continue to drive the price going forward, but the Shanghai upgrade is nonetheless an important moment as Ethereum solidifies its long process of switching from a proof-of…

<strong>London, United Kingdom, 22nd March, 2023, Chainwire</strong>Battle of Olympus, an arcade street fighting game, is set to launch the <a href="https://launch.revenant.gg/godly">first phase of its presale</a> for its in-game currency $GODLY on Arbitrum on Monday, March 27.<a href="https://launch.revenant.gg/godly">Battle of Olympus</a> stands alone as one of the few Web3 games with <a href="https://battleofolympus.gg/game">a fully working demo</a>, with an update due in Q2 2023, and an upcoming collection of in-game digital collectibles. Set in the cyberpunk city of Olympus, fight against other players and several Greek gods. Battle your way to the top of Olympus to conquer the metropolis! <a href="https://battleofolympus.gg/game">Play the demo here.</a>Battle of Olympus is the first flagship game developed by Revenant, a decentralized gaming ecosystem founded in 2022.The earliest investors will benefit from getting the $GODLY token at its lowest price. The first stage of the presale is available for $0.0221, with the price increasing through four rounds.<strong>Battle of Olympus to focus on gameplay</strong>With a team full of hardcore gamers, Battle of Olympus’ developers understand that long-term success requires engaging gameplay that keeps players hooked for hours on end. Therefore, Battle of Olympus provides gameplay unlike any other, based on roguelike and RPG elements.Although players earn rewards as they progress, it will not come at the expense of their enjoyment or project sustainability. Battle of Olympus prioritizes gameplay rather than earning potential to provide an experience reminiscent of classic games, like Street Fighter, Tekken, Mortal Kombat, and many other classic fighting titles.Battle of Olympus employs a rewards model to balance financial incentives and player enjoyment to attract and retain players, leading to a more sustainable in-game economy. Simply put, rewards are a bonus rather than the primary reason for playing.Battle of Olympus will also have in-game items and fighters that are mintable as NFTs. Players can own their character, providing the option to trade or sell them on the Revenant Marketplace.<strong>What is the $GODLY token?</strong><a href="https://coinjournal.net/wp-content/uploads/2023/03/doGC7Pyb-212k4xyusJgYy4FpO6wUtSp4yEYq9Y5o1NQ6HVga2_1679435244C8O4Sqy4YV..jpeg">Media</a>$GODLY is the primary ERC-20 token within Battle of Olympus with several uses to benefit players and investors. It can be used to purchase various items, including loot boxes, consumable items, and boosters, but also for wagering in PVP matches.<strong>Play the Battle of Olympus Demo</strong> What makes Battle of Olympus stand apart from most Web3 games is its <a href="https://battleofolympus.gg/game">demo</a>, released in 2022, where players can battle as either Zeus or Hades for bragging rights over Olympus.Whereas many crypto games prioritize unsustainable tokenomics or overpromise without delivering, Battle of Olympus team puts game development to produce an enjoyable experience first. A new PVP demo will be released in Q2 2023 for you to test your fighting skills against friends in the cyberpunk metropolis.<strong>Battle of Olympus Gameplay</strong><a href="https://coinjournal.net/wp-content/uploads/2023/03/TAtdKxG9PsPkrsuCErHa2WDidcSisqU3toWMumhk0ay6oAhHsn_1679436108GiWiB4DMM8..jpeg">Media</a>Battle of Olympus includes two types of gameplay: PVE, where players and their faction will capture god territories during a season on the Olympus Map, and PVP, where players use their weapons and armor to battle against others.<strong>Rewards</strong>Players will earn several rewards while playing Battle of Olympus.As players progress, they become eligible for weapon and armor drops to upgrade their character or trade on the Revenant Marketplace. Gamers will also receive tokens for their achievements, such as winning tournaments, seasons or climbing the leaderboards.<strong>Battle of Olympus presale and tokenomics</strong><a href="https://coinjournal.net/wp…

PwC is now a technology integration & development partner of Chainlink Labs.The strategic joint business collaboration targets accelerating enterprise adoption of blockchain technology.Companies looking to tap into the blockchain economy will leverage Chainlink’s infrastructure and technology.Chainlink developer Chainlink Labs and PwC Germany have announced a strategic partnership aimed at accelerating the adoption of enterprise blockchain.The joint business relationship will see Chainlink Labs provide support to mainstream companies that currently work with PwC Germany but are yet to integrate with the blockchain economy. Suppporting enterprise adoption of blockchain technologyAccording to details in a press release sent to CoinJournal, Chainlink Labs will help empower these companies in relation to development of smart contracts and node infrastructure deployment. On the other hand, PwC will offer “strong technical expertise” and help ensure the onboarding is fully compliant with applicable regulatory laws. The goal is to help organizations and enterprises develop and deploy bespoke blockchain solutions that leverage Chainlink’s technology for productivity and profitability.MediaCompanies can leverage Chainlink technology to develop and run smart contracts and nodes. Source. Chainlink LabsDimitri Gross, the head of Technology Interest Group for Digital Assets and Crypto at PwC Germany, said.“PwC Germany and Chainlink Labs aim to help accelerate enterprise adoption of blockchain technology in key enterprise sectors such as capital markets, ushering in a new era of transactional security, transparency, and efficiency.”PwC Germany’s footprint in the blockchain space encompasses multiple in-house solutions, including Blockchain Explorer and Transaction Analyzer (BETA), Tokenization Framework, Smart Contract Formal Verification Framework, and Digital Asset Valuation Model. The platform also provides several blockchain-focused services, including technology assessment, ecosystem management, and blockchain consulting.The post Chainlink Labs and PwC Germany partner to accelerate enterprise blockchain adoption appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/Dpqzo4A

Key takeawaysBitcoin is trading above the $28k level for the first time since June 2022.Coinjournal’s Dan Ashmore believes that the interest rate forecasts are responsible for the ongoing rally by Bitcoin and other cryptocurrencies.Many in the market still consider the recent banking crisis as the reason why investors are entering the crypto market.Interest rate forecasts behind Bitcoin’s rallyBitcoin, the world’s largest cryptocurrency by market cap, has been performing excellently over the past few weeks. At press time, the price of Bitcoin stands at $28,411, up by 13% over the last seven days.Many in the crypto space attribute the ongoing crypto rally to the collapse of a few banks, including Signature Bank, Silvergate Bank, and Silicon Valley Bank. However, during an interview with CNBC, Coinjournal’s Dan Ashmore pointed out that Bitcoin’s rally has to do with the interest rate forecasts rather than the recent banking crisis.Lot of chatter about what is driving this massive Bitcoin rally.Spoke with @CNBC last night about whether it's stemming from interest rate forecasts or if investors are betting on Bitcoin as an alternative to the banking turmoil👇 pic.twitter.com/o45zOOPiiw— Dan Ashmore (@DanniiAshmore) March 21, 2023Regarding the ongoing rally, Ashmore said;“It is a reaction to the complete flip in interest rate forecasts in the wider economy. If you go back to before the Silicon Valley Bank collapse, there was an 83% probability that the interest rate would be increased by 100 basis points by the summer. Today, when we look at that, it is completely the opposite, and there is almost 100% of rate cuts.”He added that the crypto market is reacting to the probability that the Fed’s recent interest rate hikes are coming to an end.Interest rate cut is music to crypto investorsWith Bitcoin trading at $28k per coin, investors would be optimistic that prices could soar higher over the coming days and weeks.According to Ashmore, cryptocurrencies trade as risk-on assets, and an interest rate cut is music to the ears of crypto investors. Ashmore also discussed the correlation between cryptocurrencies and tech stocks. According to the Coinjournal analyst, while many expect crypto to be an independent hedge, the assets still very much correlate with the stock market, especially tech stocks. He concluded that“The NASDAQ index rises, Bitcoin’s price also rises. The NASDAQ falls, and Bitcoin also falls a little more. The last couple of weeks have been interesting as Bitcoin has outperformed the NASDAQ. But it is a reflection of the fact that Bitcoin is trading in correlation with the interest rate forecasts.”The post Bitcoin is rallying due to interest rate forecasts, says Coinjournal’s Dan Ashmore appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/BrQgmkW

Fluidity Money seeks to incentivize blockchain use by rewarding users when they use their crypto.The platform is offering a cashback system employing a new yield-generating mechanism.Cashback payouts are currently in stablecoins like USDT and USDC.DeFi protocol Fluidity Money has announced a cashback program that will see businesses reward their customers when they pay for goods and services using crypto.The goal is to incentivize more people into using their crypto for payments by rewarding them whenever they do so. According to Fluidity, the “spend-to-earn” program is a collaboration with enterprise crypto payments app Request Finance.Cashback payouts in stablecoinsFluidity says the new cashback program will also allow merchants to earn rewards when they integrate crypto payments.“Request Finance helps thousands of enterprise teams and DAOs use stablecoins easily. We wanted to work with them to introduce this cashback program as a fun way of rewarding people for using stablecoins for payments”, Shahmeer Chaudhry, the CEO at Fluidity Money, said.The program will work by offering a reward in stablecoin, like Tether, every time a sender or recipient uses the app. Users will benefit from a loyalty program that doesn’t eat into the cashback via huge interchange fees, as is the case with credit card-type programs.Distribution of the cashback rewards will be random, with payments sent to users’ wallet, the platform said.While support is currently for stablecoin payouts, Fluidity Money plans to expand the program to other loyalty offerings, and could add non-fungible tokens (NFTs) and other rewards at a later date. In this case, Request Finance will offer the rewards depending on the type of NFT. Payouts from NFT-related deals will include tickets to token-gated offerings, air miles, and digital collectibles.How does Fluidity Money work?Fluidity Money works with wrapped stablecoins,  or what’s called “Fluid Assets.” To obtain these fluid assets, stablecoins such as USD Coin (USDC) and Tether (USDT) are deposited into the Fluidity Webapp. The stablecoins are then wrapped to generate the cashback rewards.Minting any Fluidity stablecoins requires that one deposits an equivalent amount of USDC or USDT into a smart contract, with these lent out to DeFi protocols for yield generation.Fluidity smart contracts are audited by Bramah Systems and 80% of the yield from protocols like Compound goes into the cashback program.The post Fluidity launches cashback program on crypto payment app Request Finance appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/C6LnItU

<strong>London, United Kingdom, 22nd March, 2023, Chainwire</strong>Battle of Olympus, an arcade street fighting game, is set to launch the <a href="https://launch.revenant.gg/godly">first phase of its presale</a> for its in-game currency $GODLY on Arbitrum on Monday, March 27.<a href="https://launch.revenant.gg/godly">Battle of Olympus</a> stands alone as one of the few Web3 games with <a href="https://battleofolympus.gg/game">a fully working demo</a>, with an update due in Q2 2023, and an upcoming collection of in-game digital collectibles. Set in the cyberpunk city of Olympus, fight against other players and several Greek gods. Battle your way to the top of Olympus to conquer the metropolis! <a href="https://battleofolympus.gg/game">Play the demo here.</a>Battle of Olympus is the first flagship game developed by Revenant, a decentralized gaming ecosystem founded in 2022.The earliest investors will benefit from getting the $GODLY token at its lowest price. The first stage of the presale is available for $0.0221, with the price increasing through four rounds.<strong>Battle of Olympus to focus on gameplay</strong>With a team full of hardcore gamers, Battle of Olympus’ developers understand that long-term success requires engaging gameplay that keeps players hooked for hours on end. Therefore, Battle of Olympus provides gameplay unlike any other, based on roguelike and RPG elements.Although players earn rewards as they progress, it will not come at the expense of their enjoyment or project sustainability. Battle of Olympus prioritizes gameplay rather than earning potential to provide an experience reminiscent of classic games, like Street Fighter, Tekken, Mortal Kombat, and many other classic fighting titles.Battle of Olympus employs a rewards model to balance financial incentives and player enjoyment to attract and retain players, leading to a more sustainable in-game economy. Simply put, rewards are a bonus rather than the primary reason for playing.Battle of Olympus will also have in-game items and fighters that are mintable as NFTs. Players can own their character, providing the option to trade or sell them on the Revenant Marketplace.<strong>What is the $GODLY token?</strong><a href="https://coinjournal.net/wp-content/uploads/2023/03/doGC7Pyb-212k4xyusJgYy4FpO6wUtSp4yEYq9Y5o1NQ6HVga2_1679435244C8O4Sqy4YV..jpeg">Media</a>$GODLY is the primary ERC-20 token within Battle of Olympus with several uses to benefit players and investors. It can be used to purchase various items, including loot boxes, consumable items, and boosters, but also for wagering in PVP matches.<strong>Play the Battle of Olympus Demo</strong> What makes Battle of Olympus stand apart from most Web3 games is its <a href="https://battleofolympus.gg/game">demo</a>, released in 2022, where players can battle as either Zeus or Hades for bragging rights over Olympus.Whereas many crypto games prioritize unsustainable tokenomics or overpromise without delivering, Battle of Olympus team puts game development to produce an enjoyable experience first. A new PVP demo will be released in Q2 2023 for you to test your fighting skills against friends in the cyberpunk metropolis.<strong>Battle of Olympus Gameplay</strong><a href="https://coinjournal.net/wp-content/uploads/2023/03/TAtdKxG9PsPkrsuCErHa2WDidcSisqU3toWMumhk0ay6oAhHsn_1679436108GiWiB4DMM8..jpeg">Media</a>Battle of Olympus includes two types of gameplay: PVE, where players and their faction will capture god territories during a season on the Olympus Map, and PVP, where players use their weapons and armor to battle against others.<strong>Rewards</strong>Players will earn several rewards while playing Battle of Olympus.As players progress, they become eligible for weapon and armor drops to upgrade their character or trade on the Revenant Marketplace. Gamers will also receive tokens for their achievements, such as winning tournaments, seasons or climbing the leaderboards.<strong>Battle of Olympus presale and tokenomics</strong><a href="https://coinjournal.net/wp…

Nimiq is the first non-custodial wallet to implement gas-abstracted USDC for PolygonGas abstraction is an innovative feature that allows blockchain users to pay required network fees using whatever token they hold in their wallet.Seamless transactions via USDC will help further adoption of digital assets as an everyday payment method.Blockchain payments provider Nimiq has expanded access to its gas-abstracted USD Coin (USDC) transactions to the Polygon network.The feature is available via Nimiq’s non-custodial wallet, the platform announced on Wednesday.Making crypto payments easy and seamlessPolygon allows for gas-abstracted transactions, where users can pay network fees in MATIC even if they are sending another coin. For instance, if a user only has USDC in their wallet, they can still send payments over the Polygon network and pay network fees in MATIC – despite not having any MATIC in their wallet.Nimiq wallet has a built-in smart contract functionality, or relayer, that automatically converts the users’ token (USDC in this case) to MATIC. This is then used to seamlessly pay the required network fees.According to the Nimiq team, adding support for gas-abstracted transactions for USDC is a huge step towards onboarding more merchants into the crypto payments ecosystem. This is because merchants who wish to accept crypto will have the benefit of Polygon’s network speed and low fees.Hamzah Khan, head of DeFi at Polygon Labs, noted that gas-abstracted USDC transactions from within Nimiq does more than just streamlining user experience. According to him, the feature helps put crypto on the path to greater adoption for everyday payments.Nimiq’s solution also aligns with Polygon Labs’ vision of onboarding more people to Web3 via accessible and user-friendly features, he added.Apart from USDC, Nimiq Wallet also supports Bitcoin (BTC) and Nimiq’s native token NIM.The post Nimiq adds gas-abstracted USDC transactions on Polygon appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/xHCbdSf

Key takeawaysConsenSy’s MetaMask Institutional has launched a staking marketplace.The marketplace was launched to enable companies and investment firms to choose from a wide range of staking services.MetaMask Institutional partnered with Allnodes, Blockdaemon and Kiln to launch this service.Institutional investors now have a staking marketplaceConsenSys, a software developer for the Ethereum blockchain, announced earlier today that its Metamask Institutional wallet had launched a new marketplace for staking services.Thanks to this latest cryptocurrency news, the company said the marketplace would provide companies and institutional investors with the opportunity to choose from a wide range of staking services. Companies and institutional investors would have access to a wide range of staking services provided by ConsenSys Staking Allnodes, Blockdaemon and Kiln. A unique feature of this marketplace is the standardisation of terms and conditions, the company added. Johann Bornman, product lead for MetaMask Institutional, added that companies could easily view and compare the rates on the marketplace. He said;“We’ve been very thoughtful in terms of the user experience.”Ethereum network prepares for the Shanghai hard forkThe launch of the marketplace comes a few weeks before the Ethereum network’s much-anticipated Shanghai hard fork. Once the Shanghai upgrade is completed, stakers will finally be able to unstake their ETH, some of which have been locked up since 2021. The upgrade is expected to take place in the middle of next month and will be the first time Ethereum users can withdraw their ETH from the proof-of-stake network.With the Shanghai upgrade just a few weeks ahead, experts anticipate more Ethereum staking services to be launched over the coming weeks and months. Ethereum remains the second-largest cryptocurrency by market cap and remains a mainstay in the market since it was launched in 2015 as a split-off from the Bitcoin blockchain.The network transitioned into a proof-of-stake mechanism last year, abandoning its original proof-of-work system that many consider to be more energy intensive. The post MetaMask Institutional launches a staking marketplace appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/XsUD0Vg

The Telegram messaging app facilitates buying and selling of crypto through its @wallet bot.Telegram users can buy and sell BTC on the app’s wallet.Besides, they can also send some of the cryptocurrencies via chats.Tether’s USDT has been added to Telegram’s @wallet bot and the app’s users can now send and receive USDT via chats.The move expands Telegram’s list of allowed cryptocurrencies on the @wallet bot.Telegram’s cryptocurrency journeyTelegram’s crypto journey goes back years back when the messaging app started developing the Open Network (TON) blockchain network that initially harboured the Toncoin (TON) token although the project was later abandoned in 2020 after legal battles with the US Securities and Exchange Commission (SEC).Telegram however kept the TON project alive despite abandoning the Open Network. Members of the Telegram community called The TON Foundation have since continued to advance the TON project.And although Telegram is not directly involved in TON, it still maintains an interest in the blockchain network, especially seeing that the messaging app last year announced it was building a blockchain-based auction platform called Fragment.Cryptocurrencies allowed on @wallet botLast year (2022), Telegram added Bitcoin (BTC) and Toncoin (TON) to the @wallet bot. In addition to addition, Telegram users are allowed users to send Toncoin (TON) within chats.Today, March 22, 2023, Telegram has added Tether’s USDT to the list of cryptocurrencies allowed on the @wallet bot marketplace. The stablecoin has also been added to the list of tokens that can be sent within Telegram’s chats.Stablecoins like USDT offers a number of benefits since they are relatively immune to price volatility that often affects the likes of bitcoin and Ethereum. Including USDT in the @wallet bot, therefore, presents a lot of benefits for Telegram users involved in cryptocurrencies.The post Tether’s USDT receives major boost from Telegram appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/bstZY0d

Kaspersky survey reveals 30%, or 1 in 3 crypto owners in the US have been victims of crypto theft/On average, crypto owners have lost $97,583.Only 34% of crypto owners use multi-factor authentication and only 15% use offline or cold wallets.About a third of cryptocurrency owners have lost their assets to scammers and hackers, a new survey report by cybersecurity firm Kaspersky has suggested.The statistic is from a survey carried out in October 2022, involving 2,000 American adults. In February this year, a survey by Coinbase indicated there were about 66 million crypto owners in the US.1 in 3 people have lost an average of $97,583Per the survey results Kaspersky highlighted on 22 March 2023 in its “Crypto Threats 2023” report, 24% of respondents said the owned cryptocurrencies or other digital assets. Of this number, the researchers found that one in every three people who said they owned crypto had been victims of fraud, scams, phishing attacks, and cryptojacking among others.The findings suggest that crypto owners have lost an average of $97,583, with 27% of victims saying they lost their crypto funds to fraudulent crypto-related sites and app.Kaspersky also found that 19% of crypto owners lose money due to identity theft, while 27% had money stolen directly from their bank accounts.“From fake apps to cryptojacking, there is a long list of threats lurking online to target cryptocurrencies,” Marc Rivero, a senior security researcher at Kaspersky noted in a statement.Users can do a lot to protect themselvesUsers within the crypto industry have experienced huge losses due to hacks, fraudulent platforms and other attacks, with this likely to continue given a 10-year trend of hacks across the industry. But according to Kaspersky researchers, there’s a lot individuals can do to protect their wallets.For instance, some respondents reported that the average timespan in between checks on their investments was six weeks. Nearly a third said they stored their assets on centralised crypto exchanges, employing no extra security measures.Only 34% said they used multi-factor authentication while only 15% kept their cryptocurrencies in “cold wallet” or offline wallets.The post Kaspersky: 30% of crypto owners have experienced crypto theft appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/S04KPCO

U.S. SEC issued a Wells notice to Coinbase on Wednesday.Coinbase chief legal officer Paul Grewal’s remarks in response.Coinbase stock slipped more than 10% in extended hours.Coinbase Global Inc (NASDAQ: COIN) is trading over 10% down in extended hours after receiving a “Wells notice” from the SEC for potentially violating U.S. securities laws.Here’s what we know so farRemember that such a notice often signals the agency’s intent to formally press charges.Still, Coinbase says the Wells notice does not provide enough information on potential violations and so it will stick to regular operations for now.The company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.Last month, the Securities and Exchange Commission had issued a similar notice to Paxos (blockchain infrastructure platform) as well.Chief legal officer Grewal’s remarksThe news arrives about a month after Coinbase reported its financial results for the fourth quarter that topped Street estimates.On Wednesday, its Chief Legal Officer Paul Grewal reiterated that the company does not list securities. Speaking with CNBC, he also said:If needed, we welcome a legal process to provide clarity we’ve been advocating for and to demonstrate that SEC simply has not been fair when it comes to its engagement on digital assets.Grewal also maintained that Coinbase Earn is significantly different from staking services by Kraken that the SEC banned last month. Coinbase stock is still up 100% for the year at writing.The post Coinbase receives a Wells notice from the U.S. SEC appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/nouU3mv

The Federal Reserve hiked the funds rate by 25bpBitcoin moved ahead of the decision and found resistance at $29kAn inverse head and shoulders’ neckline might be retestedAll eyes were on the Federal Reserve meeting this week. The tensions in the financial market induced by the failure of several banks in the United States triggered uncertainty about what the Fed would do.Stubbornly high inflation warranted a 50bp rate hike. But the banks are fragile, as seen lately, and such a hike might have done more worse than good.The Fed opted for a 25bp rate hike, a compromise, and now we stand to see the effects.Bitcoin rallied before the Fed’s decision. Earlier in March, it found support at $20k and rallied all the way to $29k without the US dollar moving much.So what is the next possible move for Bitcoin?MediaBitcoin chart by TradingViewA pullback to $24k might be on the cardsTechnical traders might have spotted an inverse head and shoulders pattern forming in the last six months. The 2023 rally is part of the market’s attempt to reverse and head to the measured move, seen in orange above.However, the neckline of such a pattern, seen in black above, is usually retested. This is a test of a bull market; if it holds, the price action will likely move toward the measured move.But will it hold?Those that bought Bitcoin in March might book half profits and move the stop to break even only to see what happens when and if the market hits the neckline at $24k. Because if the support does not hold, more downside might be in the cards.The post Bitcoin fails at $29k – will the Fed meeting’s outcome trigger a selloff? appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/ZEJ7frb

Ethereum price moved sideways on Thursday as investors reacted to the latest interest rate decision by the Federal Reserve. It was trading at $1,760, where it has been in the past few days. This price is about 52% above the lowest point this year.Fed decision implicationsThe main catalyst for Ethereum on Thursday was the latest interest rate decision by the Federal Reserve. On Wednesday, as I had predicted here, the Federal Reserve decided to hike interest rates by 0.25%, bringing the main cash rate to 5%, the highest level in more than a decade. In its initial statement, the bank said that some of its officials favored pausing the hiking cycle as they assess the impact of the last increases. That part of the statement was seen as being dovish. However, in his press conference, Jerome Powell warned that the bank still had more room to hike interest rates in the coming months. Stocks and cryptocurrencies rose initially after the statement and then erased gains made earlier on. Stock market futures point to a flat open of the Dow Jones and the S&P 500 index. At the same time, the US dollar index has maintained a bearish trend in the past few days. It has crashed from last year’s high of $115 to $102. In most periods, Ethereum and the US dollar have an inverse relationship. Bitcoin, on the other hand, found resistance at $29,000.Looking ahead, the next key catalyst for Ethereum will be the performance pf highly volatile bank stocks like PacWest and First Republic Bank. The two banks have been highly volatile as investors focus on their outflows. In most cases, Ethereum and Bitcoin are doing better when banking concerns remain since they are seen as safe havens. Ethereum price prediction MediaThe daily chart shows that the ETH price has been in a slow bullish trend in the past few weeks. It managed to move above the key resistance level at $1,771.36, the highest level on February 15. It is also being supported by the 50-day and 100-day exponential moving averages (EMA). Therefore, I am upgrading my Ethereum price estimate to $2,000, which is about 15% above the current level. The stop-loss of this trade with be at $1,600.How to buy EthereumeToroeToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.Buy ETH with eToro today Disclaimer PublicPublic is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.Buy ETH with Public today Disclaimer The post Ethereum Price Prediction: ETH forecast raised to $2,000 appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/NLscoUT

<strong>Ho Chi Minh City, Vietnam, 22nd March, 2023, Chainwire</strong>Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to launch self-executing governance.”This airdrop, estimated to go live on 23 March, is set to be one of the biggest airdrop in crypto history.KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.The following ARB pools will be eligible for liquidity mining rewards:<strong>Token Pairs</strong>ARB-ETH (2%)Apr ARB-ETH (5%)ARB-USDT (2%)ARB-USDT (2%)ARB-KNC (5%)An estimated total of 70,000 KNC has been allocated as reward incentives.*Incentives may continue after the designation duration is over; to be confirmed at a later date.<strong>Greater Flexibility with new Fee Tiers</strong>With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%. These new fee tiers provide opportunities for $ARB farmers to benefit from the anticipated high volatility and trading volume, during the price discovery phase after the airdrop. These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors.“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”<strong>Other Arbitrum Yield Farms on KyberSwap</strong>Apart from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on <a href="https://kyberswap.com/swap/?utm_source=paid&utm_medium=pr&utm_campaign=kyberswap_arb_farms&utm_content=chainwire">kyberswap.com</a>:Depending on the success of $ARB trading volume, the KyberSwap team is planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards.According to <a href="https://www.nansen.ai/guides/defi-statistics-in-2022">Nansen</a>, Arbitrum was one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.<a href="https://coinjournal.net/wp-content/uploads/2023/03/Aribtrum_Active_Addresses_1_Year_1679393483D43FSyS5IV.jpg">Media</a><a href="https://coinjournal.net/wp-content/uploads/2023/03/Aribtrum_Daily_Transactions_1_Year_1679393495U4ZTbQQLfd.jpg">Media</a><a href="https:…

Arbitrum is transitioning into a DAO.The network’s new ARB token airdrop is now live.The new ARB token is Arbitrum’s governance token.After a number of major cryptocurrency exchanges including Binance, Huobi, Coinbase, and MEXC  promised to list the new Arbitrum ARB token, the token has already been listed on several exchanges just a few hours after the ARB Airdrop went live.The listing comes even as users face issues claiming the new tokens and multiple sites faking the Arbitrum airdrop and causing the chain to lag. However, those eligible for the token airdrop have until September 23, 2023, to claim their tokens.About 625,000 wallet addresses are eligible for the Arbitrum airdrop which will see free distribution. 12.75% (1.275 billion tokens) of the ARB token supply will be distributed in the airdrop.Arbitrum transition into a DAOArbitrum is a layer-2 solution for Ethereum and it has started its decentralization and transformation journey into a decentralized autonomous organization that will enable the holders of the new ARB token to take part in the development of the decentralized network.The Arbitrum One Chain is expected to go live on reaching a block height of 16,890,400, which is some hours from now.Arbitrum transaction surgePrior to the ARB airdrop, the Arbitrum daily transaction count hit a record high.Arbitrum uses Optimistic rollups technology to process transactions faster and cheaper and the daily transactions hit 1,312,052 on Wednesday which is way above the network’s previous peak of 1,103,398 reached on February 21.At the press time, betting in the “I owe you” (IOU) markets tied to the new ARB token showed that the token would trade at around $6 after the airdrop. IOU tokens basically represent a debt between two parties.The post Arbitrum’s ARB token lists on several exchanges as Airdrop goes live appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/aL5A8oN

Key TakeawaysFederal Reserve hikes 25 bps, Bitcoin drops over 6%Bounceback in prices follow, however, as market bets on rate cuts down the lineBitcoin originally fell to $26,700 and is now back at $27,700Tight monetary policy appears to be coming to a close, which is exactly what Bitcoin investors want to hearThe flipside is that Bitcoin’s reputation may have been tarnished by the chaos in the industry over the last yearWhether institutional money and Wall Street capital will trust crypto again remains to be seenAs has been the case over the last year now, <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> continues to oscillate wildly based off interest rate expectations. The orange coin took a tumble Wednesday off the back of the latest FOMC meeting, as interest rates were hiked 25 bps despite some analysts calling for a pause following the banking turmoil of recent weeks. Why did Bitcoin fall?Such has been the chaos in the banking markets, markets ahead of the meeting had priced in a genuine chance that rate hikes would be no more. Silicon Valley Bank (SVB) triggered the crisis, which last week spread to Europe before the spectacular demise of Credit Suisse, the Swiss institution founded in 1856. With deposits fleeing banks and markets reverberating, things were breaking – as they tend to do when rates are hiked hastily. And this past cycle has been the most rapid form of tightening in recent memory. Bitcoin fell from $28,500 to $26,700 as the Fed announced a 25 bps hike, a fall of 6.3%. However, Bitcoin has since bounced back somewhat, trading at $27,600. This came as the market began digesting the discourse from Fed chair Jerome Powell around the future path of interest rates. While the hike did come yesterday, it feels increasingly certain that tight monetary policy is coming to a close. It is worth remembering that before SVB’s demise, this hike was virtually guaranteed to be 50 bps. And looking out to rates by the end of July, the market is forecasting cuts rather than hikes. So while the 25 bps hike may have been hawkish, the language afterwards and conclusion coming out of the meeting was very much the opposite. Will Bitcoin go up?The question on everybody’s lips within crypto is then what does this mean for Bitcoin’s price? As always, it’s a difficult question to answer, but the future undoubtedly looks brighter for the coin today than it did a few months ago, that is for certain. Not only is further removed from the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">scandal of FTX</a> and the wave of bankruptcies that followed the sordid collapse of the former tier-1 exchange, but the end appears nigh with regard to the tight monetary policy. Bitcoin was launched in 2009 and hence had never experienced anything other than a raging bull market in the wider economy. The S&P 500 increased seven-fold from the nadir of the GFC to its peak – and Bitcoin, alongside tech stocks, rode the wave of low interest rates, warm money printer and an all-around perfect climate. As inflation roared last year, however, this flipped entirely. With interest rates hiked aggressively, there was no way for Bitcoin to sustain its previous levels of buoyancy. Down it came, and down it came hard. Finally, it appears that the harsh monetary policy which has dragged it through the gutter is nearing an end. And while this doesn’t guarantee anything, it certainly removes the shackles so that there is at least a possibility that it raises. Has Bitcoin’s image been tarnished?The flip side of the argument is that the scale of the damage over the last year has been so substantial that Bitcoin’s long-term trajectory has been dampened, and it won’t be able to get on the same track. Crypto winters have come and gone in the past, but this recent one coincided, like we said, with a rout in the wider economy for the first time ever. It also came while Bitcoin was a mainstream financial asset – something which wasn’t true in previous cycles. Collapses like FTX, LUNA and Celsius…

Terra LUNA crashed last year following the collapse of its Terra UST stablecoin project.The crash was followed by a hard fork where the current Terra LUNA token was created.There is news that Terra LUNA’s founder Do Kwon has been arrested.Terra (LUNA) price has dropped by about 7% after news of the arrest of the founder of Terraform Labs, Do Kwon, surfaced. At press time, LUNA was trading at $1.31.There are reports that Do Kwon was arrested in Montenegro; something that has been confirmed by Montenegro’s minister of interior Filip Adzic through a post on Twitter.U PODGORICI UHAPŠEN JEDAN OD NAJTRAŽENIJIH SVJETSKIH BJEGUNACACrnogrska policija lišila je slobode lice za koje se sumnja da je jedan od najtraženijih bjegunaca, južnokorejski državljanin Do Kwon, suosnivač i izvršni direktor Terraform Labs sa sjedištem u Singapuru.
1/2— Filip Adzic (@filip_adzic) March 23, 2023A translation of the tweet reads:“Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.”According to Adzic, Do Kwon was arrested at the Podgorica airport with falsified documents. The minister however said that he was “still waiting for official confirmation of identity.”Several authorities were looking for Do KownDo Kwon was the target of a number of investigation bodies around the globe and was even on Interpol’s red notice after the implosion of the TerraUSD (UST) stablecoin and the $40 billion Terra LUNA ecosystem last year.The implosion of the Terra LUNA collapse sent shockwaves across the crypto market causing a number of other crypto projects to come down.The post LUNA falls sharply on Do Kwon’s arrest allegations appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/ZK98fFN

This Next Level Blockchain Gaming Project is ready to take offAbout the BOUNTYKINDS NFT PUBLIC SALEBOUNTYKINDS is a Web3 Metaverse game currently under development and is scheduled for official release this year on the Binance Chain, with its Alpha Test release this coming April, and its Beta Test release that follows soon after. Due to the efforts of its development team, BOUNTYKINDS will be available on the mainnet for all Alpha test ticket holders, paving way for more players to be able to join the testing phase. To celebrate this, BOUNTYKINDS will be holding a <a href="https://go.bountykinds.com/press2">second Public Sale</a> as a love letter to their community who has been supportive since the initial stages of its project. This public sale will start from March 23, 2023 (9:00 AM UTC) and will last for almost a week, until March 29, 2023 (9:00 AM UTC). It will be selling exclusive package deals that consist of special upgraded Character and Weapon NFTs – special early bird rewards, energy token benefits, and much more awaits those who will purchase their <a href="https://coinjournal.net/nfts/buy/">NFTs</a> during this special sale and join during the start of our official Alpha test release.BOUNTYKINDS as a GameBrought to inception by a team of players who see that there is room for improvement with the current state of Play-to-Earn blockchain gaming, BOUNTYKINDS will be a game built on the premise of creating a world where players can keep on having fun while grinding to obtain different characters and weapons, to the point where they would keep on wanting to immerse in the game’s engaging open-world environment.The game itself will consist of multiple game genres such as all-time classics like board games, map adventure games, fan-favorites such as role-playing games (RPG) or in-demand games such as first-person shooting (FPS) games or battle royale MOBA games. These games and its areas will be determined by both players and developers, heavily putting emphasis on the “Contribute-to-Earn”, the main philosophy the project is promising to uphold with its triple token system. The main tokens that will sustain its blockchain gaming ecosystem are the following: the governance token BOUNTYKINDS World DAO ($BKWD); the utility token, ($YU); and the Forbidden Fruit Energy token ($FFE). The latter two tokens are both listed on multiple platforms and are currently available for swapping on the <a href="https://go.bountykinds.com/press1">BOUNTYKINDS Official Website</a> or token platforms such as <a href="https://coinjournal.net/pancakeswap/">PancakeSwap</a>.The BOUNTYKINDS universe is going to be dictated by this unique achievement system where all contributions to the game would be quantified and scaled to a number. This number will decide the intricate reward values that come with playing the game. The goal of BOUNTYKINDS lies in bringing gamers from various cultures together, regardless of whether they are in the real world or in the blockchain space.This is the last chance to get your hands on these one-of-a-kind NFTs before the start of the Alpha test, so make sure you don’t miss out on this!BOUNTYKINDS Public Sale NFT Package List1) Blue Character Sphere ×3 & Blue Weapon Sphere×3 & 1 α-ticket +100FFE(Energy token)2) Blue Character Sphere & Blue Weapon Sphere3) Blue Character Sphere & Yellow Weapon Sphere4) Blue Character Sphere & Green Weapon Sphere5) Blue Character Sphere ×3Game Necessity: The Alpha TicketAlpha Tickets are like your key to the game – without it, you cannot start the BOUNTYKINDS gaming experience. Those who do not possess an alpha ticket must wait till the Beta phase or the official release of the game, or else they won’t be able to use the Character NFTs they possess. As one of the many alpha player perks, those joining the alpha version get to benefit from the higher quest rewards and better item drops.Game Essential: Character SphereSpheres are GACHA item NFTs unique to the BOUNTYKINDS universe. These spheres can conjure Character NFTs and Weapon NFTs…

2023 could be the year that GameFi really starts to take off. More and more exciting GameFi projects are joining the space as the traditional gaming industry looks destined to change forever.The best GameFi projects deliver integrated financial rewards to players across various genres. For anyone looking to invest in blockchain gaming for the long term, here are 12 of the very best projects that the sector has to offer:Metacade (MCADE)Stepn (GMT)Illuvium (ILV)ApeCoin (APE)Decentraland (MANA)Axie Infinity (AXS)Yield Guild Games (YGGThe Sandbox (SAND)My Neighbour Alice (ALICE)Game of Silks (SILKS)Splinterlands (SPS)AltSignals (ASI)1. Metacade (MCADE)What is MCADE?<a href="https://metacade.co/en/?utm_source=media">Metacade</a> will contain the broadest selection of blockchain gaming experiences in Web3, as the new GameFi project will be home to many different play-to-earn games. Unlike traditional online games, Metacade allows anyone to earn in-game rewards while having fun and competing online.There is a wide variety of titles available in this metaverse arcade, combining casual and competitive gameplay. This is a truly comprehensive GameFi experience. By offering advanced incentive structures and displaying the latest trends in blockchain gaming, the project aims to become a central hub for Web3 users.Metacade’s Create2Earn feature will reward content creators with MCADE tokens for their contributions to the community. This can include posting game reviews, sharing alpha and in game assets, and interacting with other members’ posts.As well as this, Metacade will advertise open positions at some of Web3’s hottest start-ups. This allows crypto enthusiasts to kickstart a career in Web3, as Metacade’s Work2Earn feature is designed to expand the blockchain workforce, which can help to boost the overall level of innovation in the sector over time.Metacade’s Metagrants program is also specially designed to help drive GameFi forwards. The community can vote to decide which new blockchain games are best before the project provides funding to the development team. This helps to ensure that the best GameFi projects can develop and reach the market.Why consider buying MCADE?The MCADE token has just launched during a presale event. The MCADE presale has been a huge success so far, as the project has raised $12.9m in 17 weeks since the beginning of the event.MCADE’s presale success is a testament to its attractive offering, since blockchain gamers worldwide can access a broad platform that offers generous cryptocurrency rewards. Web3 games typically offer only one gameplay option, but Metacade offers many.For now, the price of MCADE is just $0.02 and it’s in the final stage of the presale before listing on exchanges. Experts are forecasting significant gains for the new token, as its unique offering within Web3 could lead to it becoming one of the best GameFi projects in the space. >>> You can participate in the Metacade final stage presale <a href="https://metacade.co/en/?utm_source=media">here</a> <<<2. STEPN (GMT)What is GMT?STEPN is an innovative move-to-earn ecosystem that allows consumers to earn rewards for completing steps on the StepN platform. StepN’s innovative reward system does not require any monetary contribution from its users and requires only a few seconds of effort to complete each step.STEPN’s revolutionary incentive model generated significant interest when the STEPN token was first launched in 2022. The platform benefits its users with real-time financial rewards for something they do every day.Using STEPN, users can move faster and travel less than with traditional systems, allowing them to maximize their profits with minimal effort. StepN is quickly becoming the industry leader, altering blockchain gaming’s <a href="https://www.forbes.com/sites/tatianakoffman/2021/09/29/play-to-earn-the-new-crypto-paradigm-redefining-the-future-of-work/?sh=1619097a45f5">play to earn model</a> to incorporate new social use cases.Why buy GMT?GMT is just one year old, yet it has already…

<strong>Ho Chi Minh City, Vietnam, 22nd March, 2023, Chainwire</strong>Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to launch self-executing governance.”This airdrop, estimated to go live on 23 March, is set to be one of the biggest airdrop in crypto history.KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.The following ARB pools will be eligible for liquidity mining rewards:<strong>Token Pairs</strong>ARB-ETH (2%)Apr ARB-ETH (5%)ARB-USDT (2%)ARB-USDT (2%)ARB-KNC (5%)An estimated total of 70,000 KNC has been allocated as reward incentives.*Incentives may continue after the designation duration is over; to be confirmed at a later date.<strong>Greater Flexibility with new Fee Tiers</strong>With these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%. These new fee tiers provide opportunities for $ARB farmers to benefit from the anticipated high volatility and trading volume, during the price discovery phase after the airdrop. These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors.“We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”<strong>Other Arbitrum Yield Farms on KyberSwap</strong>Apart from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on <a href="https://kyberswap.com/swap/?utm_source=paid&utm_medium=pr&utm_campaign=kyberswap_arb_farms&utm_content=chainwire">kyberswap.com</a>:Depending on the success of $ARB trading volume, the KyberSwap team is planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards.According to <a href="https://www.nansen.ai/guides/defi-statistics-in-2022">Nansen</a>, Arbitrum was one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.<a href="https://coinjournal.net/wp-content/uploads/2023/03/Aribtrum_Active_Addresses_1_Year_1679393483D43FSyS5IV.jpg">Media</a><a href="https://coinjournal.net/wp-content/uploads/2023/03/Aribtrum_Daily_Transactions_1_Year_1679393495U4ZTbQQLfd.jpg">Media</a><a href="https:…