Author: cryptodigitalnow

press release PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT market by enabling users to buy, sell, and trade their FIO Domains as ERC-721 NFTs on all Polygon-enabled marketplaces. Founded in 2019, FIO Protocol offers NFT domain names that grant users full custody of their decentralized digital identity. FIO Domains are used to customize FIO’s…

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Connect with top gaming leaders in Los Angeles at GamesBeat Summit 2023 this May 22-23. Register here. Gaming grew to 48% of all blockchain activity during the month of January, up from 45% in December, according to market analysis firm DappRadar. Here are some key takeaways about the Blockchain Gaming: In January 2023, Gaming daily Unique Active Wallets reached 839,436. This marks a significant increase in the sector’s dominance, up from 45.2% in December to 48% in January. This is a bullish indicator for the long-term potential of blockchain gaming. The game alphas and updates keep coming in the blockchain…

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A version of this article was published in TIME’s newsletter Into the Metaverse. Subscribe for a weekly guide to the future of the Internet. You can find past issues of the newsletter here. In late 2021, 20-year-old Rueben Tauk asked his father for £50,000 ($67,000 at the time) to invest in YouTuber Logan Paul’s crypto project, CryptoZoo. Paul, one of the most famous influencers in the world, described CryptoZoo as a game in which you could hatch and breed hybrid NFT animals that would gain in value over time. Speaking in August 2021 to his massive audience of the podcast…

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MSTR Earnings OutlookSOPA Images/LightRocket via Getty Images MicroStrategy MSTR , the bitcoin investment vehicle attached to a business-software company, is likely to report its first quarterly profit in two years in results expected this afternoon as its business improves and the value of its crypto hoard rises. Steady progress in its business-analytics division, which is seeking to transition customers to recurring, internet-based subscriptions–known as the software-as-a-service model–from on-premise licensed programs, should give a lift to results, according to Joe Vafi, a managing director at Canaccord Genuity. Although the business is relatively mature, it is “very sticky with good margins,” he…

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A wave of investor optimism led several altcoins—the crypto term for tokens that are not Bitcoin or Ethereum—to post big gains on Thursday following a stock market rally driven in part by the Federal Reserve raising rates a quarter of a percent.The cryptocurrencies associated with the Polygon, Avalanche, and Aptos blockchains spiked more than 10% as the S&P 500 and Nasdaq Composite were up on Thursday morning.Leading the pack was Avalanche’s token, AVAX, up about 16% in 24 hours to $22, according to CoinMarketCap. In recent weeks the company that created the Avalanche blockchain and token has made waves for…

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BlockJoy, a startup providing white label blockchain nodes as a service, raised a total of $12 million from its seed and Series A rounds, the company exclusi1vely shared with TechCrunch. The Boston-based startup aims to reduce operating costs by up to 80% for enterprises running staking nodes and APIs as a service, the two co-founders, Sean Carey and Chris Bruce, said to TechCrunch. “On AWS, it would cost $200 a month per node, but we rethought the web3 infrastructure and we are able to run those same nodes for about $11 a month, shaving about 80% of cost,” Bruce said.…

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The cryptocurrency world is a continually evolving and ever-changing space, with new opportunities around every corner.  Although Bitcoin remains the most popular cryptocurrency, there are now thousands of altcoins that have not only a growing user base but also a high growth potential.  In this guide, we offer a comprehensive review of the best altcoins to invest in 2023.  Top 8 Altcoins To Watch In 2023 Below are the eight best altcoins for 2023 that many investors are keeping an eye on: Meta Masters Guild – Overall Best Altcoin to Buy with Mobile Gaming Focus Fight Out – Project with…

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Bitcoin has rallied more than 40% since the start of the year, quickly paring losses from its disastrous 2022. However, Wolfe Research thinks it isn’t go time for the crypto bulls just yet. “Bitcoin is still trading at the deepest overbought condition in over two years,” the firm’s Rob Ginsberg said in a note this week. “Sometimes these extended overbought signals can be a sign of momentum, but our sense is that it’s overdue for a brake check.” The cryptocurrency is on pace to finish the week higher again, by about 2%, according to Coin Metrics. Overnight on Tuesday, the…

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(Kitco News) As the crypto market gets a boost from the latest rally in risk-on assets, Berkshire Hathaway Vice Chairman Charlie Munger says the U.S. should follow China’s actions and ban the crypto market. “It isn’t currency. It’s a gambling contract with a nearly 100% edge for the house,” Munger wrote in an op-ed published in The Wall Street Journal Wednesday. The gambling mentality is being encouraged by the lack of regulation in the sector, he said. Munger noted that in recent years privately owned companies had issued thousands of new cryptocurrencies in the U.S., which became…

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Avalanche (AVAX) bulls should brace themselves for impact led by a growing divergence between severalkey indicators on the daily-timeframe chart.AVAX price chart paints bearish divergenceThe daily AVAX chart shows a classic bearish divergence between its price and relative strength index (RSI), a momentum oscillator forming since Jan. 11.In other words, the price of AVAX has been making higher highs since the said date. But, on the other hand, the coin’s daily RSI has been forming lower highs. This divergence suggest a slowdown in the  momentum of the AVAX/USD pair, which may lead to a price reversal.AVAX/USD daily price chart. Source: TradingViewIn…

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