Altcoins Analysis Bitcoin Blockchain

Ripple Defendants File Motion to Block SEC From Delaying its Response to Amici Curiae Briefs

SEC Clinches Victory Judge Orders Ripple To Produce Video And Audio Recordings Of Its Internal Meetings

In another twist of the legal tussle between the U.S. Securities and Exchange Commission (SEC) and Ripple, the U.S. blockchain company has filed a motion objecting to the SEC’s suggestion that it will need more time or pages to respond to briefs submitted by amici curiae.  The latest dispute is arising from a motion filed […]

Bitcoin Crypto News

UK Introduced The ‘Seize, Freeze and Recover’ Crypto Bill

The government of the United Kingdom introduced the “Seize, Freeze, and Recover” crypto asset bill into Parliament. This new bill provides law enforcement agencies with more power to seize, freeze, and recover crypto assets. The bill specifically targets those who are engaged in criminal activities such as money laundering, drugs, and cybercrime, along with crypto, […]

Bitcoin Crypto News

Number Of Bitcoin Addresses Sending BTC To Exchanges Continues To Drop

With the decline in the price of bitcoin, there has been a lot of selling from investors. This sell-off trend has contributed to the further decline of the digital asset’s prices in recent times. However, as the bear run continues, there has been a marked reduction in the amount of BTC being sold off by the holders. The decline in the number of addresses that are sending their coins to centralized exchanges speaks volumes about this. Sellers Beginning To Cool Off Over the last year, the number of bitcoin addresses that had been sending BTC to centralized exchanges, presumably to sell their holdings, had grown incredibly. But had started to decline in recent weeks as the sell-offs had begun to subside. Related Reading: Fed Interest Rates Hike Spur Crypto Market Liquidations Of More Than $330 Million According to Glassnode, the number of addresses that were sending bitcoin to exchanges had fallen to a new 22-month low on Thursday. The number had sat around 4,445.369. But on Friday, another consecutive decline was recorded. This time around, the number of addresses that were sending BTC to exchanges was 4,443.202. Bitcoin falls to mid-$18,000s | Source: BTCUSD on TradingView.com It is a far cry from the more than 6,000 wallets that were sending BTC to centralized exchanges in the middle of 2022. While the increase in wallets sending BTC to exchanges had correlated with the price decline back in Q2 2022, the opposite is now the case, with the decline coinciding with the drop in the price of bitcoin. What This Means For Bitcoin Naturally, data like this points to the fact that there is a growing accumulation trend among investors but not every metric point to this. An example is the HODLer net position change that was recorded by Glassnode on Friday. Instead of being on the rise as would be expected in an accumulation trend, the HODLer net position change continues to decline. It has now reached a new one-month low of 51,997.708. This shows that even if there might be a sell-off fatigue, it is still enough to put pressure on the price of the digital asset. Related Reading: Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works The amount of active bitcoin supply is always on the rise. It has now touched a new one-month high of 718,437.728 BTC. It is up slightly from the previous September 11th high of 717,097.427 BTC, still giving credence to the fact that sell-offs continue.  Bitcoin’s price is also succumbing under the sell pressure. The digital asset is currently trading under $19,000 and doesn’t show any indicators of a significant recovery.  Featured image from CNBC, charts from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Crypto News

Win.app changes Play-to-Earn to Play-to-Win

Win.app aims to bring in a new era for blockchain gaming by becoming the ultimate play-to-earn gaming infrastructure for Web3. Developers worldwide will soon have access to the Win SDK, an out-of-the-box solution that empowers their games to support NFTs and crypto rewards, alongside new game modes like PvP and tournaments, essentially transforming any mobile game into a competitive multiplayer experience for Web3. Revolutionizing play-to-earn with Win SDK The Win SDK was built with one main goal: to remove the hassle of monetization from the development process, allowing creators to focus on reaching their vision when creating the ultimate skill-based games. It packs in all the key features of the play-to-earn experience: A complete blockchain-powered crypto payments solution that uses non-custodial wallets and Win’s proprietary $FTW token as in-game currency; NFT-based leveling system and staking rewards, allowing for unlimited gamification opportunities; A complex match-making and player rating algorithm that enables PvP gameplay and ensures that players are always matched with players of similar skills for a fun and fair experience; Real-time analytics for tracking all critical data; 24/7 player support – players will always have access to a dedicated support team that can handle any issue; Win.app firmly believes that developers need to focus on their creativity and innovation, not on the monetization hassle. The Win Realm – real Heroes are made, not born The Win Realm is a component of the Win Ecosystem designed to highlight the potential of the Win SDK. It uses Heroes, unique Polygon-based NFTs (ERC-721) as player-owned characters, and features a fantastic journey encapsulating the adventures of three ancient tribes. Every action of a player directly affects these Heroes. In the Win Realm, one doesn’t simply level up; they get mightier. The mightier the Hero is, the more opportunities one has: access to special tournaments, increased staking rewards, one-of-a-kind NFT collectibles, and much more. More information on the Win Ecosystem is available on the Win Blog. About Win.app Win.app is a play-to-earn mobile gaming platform powered by the blockchain. The platform enables players to compete against each other in skill-based games and earn crypto rewards and NFTs. Through its Win SDK, it allows mobile game developers worldwide to seamlessly integrate the P2E model in their skill-based games with just two lines of code. Win’s core belief is that blockchain technology can change the world, and as such, it’s working tirelessly to be the driver of this change. They are redefining the concept of play-to-earn by rebuilding the P2E gaming infrastructure for Web3.

Bitcoin Crypto News

South Korean Authorities Seized $184 Million In Crypto Against Unpaid Taxes

Despite the South Korean Government’s deep interest in metaverse and web 3 technology, the country implements aggressive policies when it comes to regulations and taxation. As reported by local news outlet Yonhap News on Thursday, the South Korean Tax Authority has seized 260 billion won ($184.3 million) in crypto belonging to tax evaders. However, the […]

Altcoins Analysis Bitcoin Blockchain

Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

Trendy crypto gaming platforms like Moshnake, Decentraland, and Axie Infinity offer Rewards

The blockchain gaming ecosystem is rapidly growing, with breakthroughs occurring daily in the play-to-earn, NFTs, and DeFi markets. The “play-to-earn” approach used by the GameFi ecosystem, which involves offering players financial incentives to play games, has completely changed the gaming landscape. Decentraland (MANA) and Axie Infinity (AXS) have been at the forefront of this new […]