LuxeCoin

2023-07-01 16:16:01 Mastercard Drives Innovation in Crypto Sector with Beta Launch of their Blockchain App Store. Open / Comment

2023-06-30 11:10:14 SOL made +15% profit so far, reached 1/5 targets Open / Comment

2023-06-29 18:05:11 ​ GameFi delivers Oasys Navi NFT gaming marketplace

GameFi forms an exclusive partnership with Oasys and jointly delivers its Oasys Navi NFT gaming marketplace. This is the latest project that has been unsheathed by the two entities. The project will be responsible for organizing prime gaming-oriented NFT launches. 

GameFi, on its part, will be backing INO and IDO campaigns that exist on the Oasys blockchain, as well as other fresh NFT projects. In the case of the uninitiated, GameFi is basically a Web3 platform, while Oasys is a well-known and respected Japanese gaming blockchain.

According to the Head of Ecosystem Alliance at Oasys, Yas, they are looking forward to taking this partnership forward and making a difference to the overall Web3 gaming market as well as creating an atmosphere of all-inclusiveness where the whole gaming community is concerned. As a mark of commitment from their side, they have jointly come out with the Oasys Navi NFT marketplace.  

As a part of their next plan of action, the two companies, GameFi, together with Oasys, will be involved with the deliverance of a beta version of an NFT marketplace.

There will be a game dashboard and a mainnet launch which is in the offing. Collectively, the two entities will be delivering INOs, and features like tournaments will also be in the picture in the very near future. Open / Comment

2023-06-28 17:06:48 SOL UPDATE

The chart looks good, either if you are already holding or want to buy a low risk asset.

There is a strong support at $16 and a bullish flag above it. The zone between $16 - $16.5 is good for buying.

Not expecting huge profits from this one now, but it is definitely safe. Open / Comment

2023-06-27 17:10:31 Alibaba Cloud and NEAR Foundation Empower Web3 Growth in Asia through Strategic Alliance. Open / Comment

2023-06-26 18:01:33 US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize

U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of de-dollarization at the next BRICS meeting. “There is a very good reason why the dollar is used widely in trade,” Yellen argued.

Brazilian President Luiz Inácio Lula da Silva, who also attended the summit, appeared on a panel with South African President Cyril Ramaphosa. Reiterating his call for countries to abandon the U.S. dollar and trade in their own national currencies or other alternatives, the Brazilian leader stressed that the use of the USD in international trade puts countries like Brazil at a disadvantage.

Commenting on emerging countries, including Brazil, pushing for de-dollarization, Yellen noted that it would be challenging for countries to find a viable alternative to the U.S. dollar, which has dominated global trade for decades.

While Yellen defended the U.S. dollar, she acknowledged in April that over time, the use of financial sanctions “could undermine the hegemony of the dollar.”

Meanwhile, a growing number of emerging markets are ramping up efforts to de-dollarize, including members of the BRICS economic bloc and the Association of Southeast Asian Nations (ASEAN). The BRICS also has a proposal for a common currency that is expected to be discussed at the upcoming summit in August. Open / Comment

2023-06-25 16:15:59 Supreme Court Grants Coinbase a Reprieve in Lawsuit, Allowing Arbitration to Proceed. Open / Comment

2023-06-24 17:54:46 ETH/BTC UPDATE

Altcoins still need sime time before Bitcoin stop flexing. We need a few more days for Ethereum strengthen up against Bitcoin, this will impower all other altcoins.

No doubts, there will be some pumps like #PEPE today (that we caught in the Premium), but mostly it is more profitable to hold Bitcoin right now rather than altcoins.

We may either see a pump from the descending support or from the 0.062 level when it will be reclaimed backwards. Open / Comment

2023-06-23 14:33:32 Top Analyst Says Bitcoin Is in Bull Market

Leading cryptocurrency analyst Ki Young Ju has asserted that Bitcoin is currently in a bull market cycle after the largest cryptocurrency finally surpassed $30,000.

In a recent tweet, the CryptoQuant head explained that the Bitcoin price-earnings ratio (PER), which is based on miner revenue, stands at 73, implying an attractive price point for miners to sell and indicating a bullish phase.

Ju's formula for calculating Bitcoin's PER involves dividing the cryptocurrency's price by the annual miner revenue over the total supply.

The current bullish phase, according to the expert, exhibits certain cyclic patterns within the cryptocurrency industry.

At press time, the Bitcoin price is trading approximately $30,019.91 with a slight upward trend observed over the past week. Its market cap is nearing the $600 billion mark.

— Upcoming options expiries

Adding complexity to the market scenario, recent data indicates that 31,000 Bitcoin options contracts are about to expire.

With a put-call ratio of 0.73 and a maximum pain point of $27,000, these contracts represent a notional value of $930 million.

Additionally, 180,000 Ethereum options are also nearing their expiry date, carrying a put-call ratio of 0.86, a maximum pain point of $1,750, and a notional value of $340 million. Open / Comment

2023-06-22 14:04:08 NFT Creation Platform Zora Launches Creator-Focused Layer 2

Zora, the popular platform used by creators and brands to mint non-fungible tokens (NFTs), has launched its own layer 2 blockchain network to support creatives and minimize costs.

The Zora Network is secured by Ethereum and built on Optimism’s tech stack. According to a press release, the new network will make minting on its platform "faster, cheaper and more enjoyable" with a focus on gas efficiency and scalability. According to documents online, minting an NFT through the network "costs less than 50 cents."

Jacob Horne, Zora's co-founder and CEO, told CoinDesk that as a layer 2, the network is able to "experiment with economic mechanisms" to subsidize fees for creators.

The platform will be integrated into all of Zora's existing tools and experiences and is already supported by over 35 groups and platforms, including sound.xуz, PleasrDAO and more.

In a press release, Zora said its platform is unique in that it was "built, launched and designed by a team with deep expertise of NFTs." Noted NFT artist Latashá has worked as Zora's head of community since June 2021.

In a statement to CoinDesk, a spokesperson for Zora said that the platform has been building a "culture of creativity and community" since its inception, putting artists and creators at the forefront of its products. The company has recently integrated new features, including highlighting trending NFT mints, allowing mints with comments and the ability to customize user profiles, which it says make it the "Tumblr for Web3."

The platform has grown in popularity since it was founded in 2020, reaching over 100,000 monthly active users. According to Crunchbase, Zora has raised a total of $60 million over three rounds including a $50 million round led by Haun Ventures in May 2022 which gave the startup a $600 million valuation. Other notable investors in Zora include Paradigm, Kindred Ventures and Coinbase Ventures. Open / Comment