Author: Coin Viz

Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.” He further added: “We continue to expect the asset class to become increasingly sensitive to interest rate expectations as the FED gets closer to a pivot.” Bitcoin, US bore the brunt of outflows Bitcoin experienced most of these outflows, with asset managers like Grayscale, ProShares,…

On Sept. 1, the Cardano blockchain completed the first phase of its Chang hard fork, signaling a new era of decentralized governance for the network. The upgrade is a significant achievement for Cardano, marking a pivotal step toward fulfilling its vision of a fully self-governing, decentralized network. The move is also said to set it apart as the first major blockchain to implement a token-based governance system. Charles Hoskinson, Cardano’s founder, described this achievement as monumental, surpassing even Bitcoin, stating, “This dwarfs Bitcoin. It’s unique, and books will be written about what has happened.” Hoskinson emphasized that Cardano’s accomplishment is…

Oasys, a blockchain platform specializing in the gaming industry, announced a strategic partnership with Japan’s financial conglomerate, SBI Holdings, according to an Aug. 29 press release. The partnership includes a financial investment from SBI Holdings, which will be used to increase the liquidity of Oasys’ native OAS tokens and support the continued expansion of its blockchain ecosystem. Financial details of the deal were not disclosed as of press time. Triple A blockchain games Oasys has previously collaborated with SBI Holdings on various initiatives, including the listing of OAS tokens on SBI VC Trade and integration with the SBINFT Market. The…

Polymarket and BET are two crypto prediction markets gaining significant attention. Each leverages blockchain technology to offer unique features and user experiences. Polymarket has accrued over $750 million in bets on the US election this year, while the newcomer BET has acquired around $22 million since its launch this month. How do Polymarket and BET work? Polymarket operates on the Ethereum blockchain and utilizes Polygon as a Layer-2 scaling solution to enhance scalability and reduce transaction costs. This setup allows Polymarket to efficiently handle a high volume of trades without congesting the Ethereum network or incurring high gas fees. The…

Solana-based prediction market BET has hit a new milestone of $20 million in its daily volume, according to Dune Analytics data. However, a deeper look reveals a downward trend in BET’s trade count over the past three days, raising questions about how the $20 million volume was achieved. Despite this, the milestone is noteworthy as BET launched less than two weeks ago. This suggests that BET successfully engages Solana users interested in blockchain-based prediction markets. Notably, BET users have wagered more than $23 million across four political bets. Over $20 million of this is on Kamala Harris winning the popular…

GameNGen, a neural model-based game engine, is demonstrating the potential to revolutionize how video games are generated and played. An innovative approach developed by Google Research and Tel Aviv University researchers allows for real-time interaction with complex gaming environments without relying on traditional game engines. As the authors reported, GameNGen can simulate the classic game DOOM at over 20 frames per second, achieving visual quality comparable to the original game. The core of GameNGen’s functionality lies in its use of diffusion models, a type of generative AI that has become a standard in media generation. The process begins with training…

XBorg launched as a spin-off from SwissBorg in 2022, is focused on revolutionizing the gaming industry through a player identity protocol that enhances online experiences by enabling data ownership. In this interview, Head of Growth & Marketing at XBorg, Connor Kirsten, delves into the challenges surrounding token launches in 2024, attributing poor performance to market saturation and the detrimental impact of overhyped projects. He highlights how high valuations with low circulating supplies deter new buyers, leading to prolonged sell pressure and gradual price declines. Kirsten critiques the role of centralized exchanges and market makers, arguing that stringent listing requirements and disproportionate…

OORT, a decentralized AI cloud platform, is collaborating with the US National Science Foundation’s (NSF) eCAT (Electric, Connected, and Autonomous Technologies for Mobility) IUCRC research center, according to a recent statement shared with CryptoSlate. OORT stated that this collaboration represents a key milestone in developing next-generation technologies—including electrification, resilient sensing, real-time edge computing, and smart infrastructure—to improve the safety and efficiency of electric, connected, and autonomous vehicles. The project began on July 10 and involved collaboration with several leading US universities like Wayne State University, Clarkson University, the University of North Texas, the University of Delaware, and Oakland University. The…

Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products. The acquisition includes Europe’s largest physical Bitcoin ETP, the ET32 Ethereum staking ETP, and the ESOL Solana physical ETP, among others. It expands Bitwise’s product offerings and global insights for its clients. Hunter Horsley, CEO of Bitwise, expressed enthusiasm for integrating ETC Group’s team, highlighting the alignment with Bitwise’s mission to help…

New York City, New York – July 30, 2024 – StakeKit, having just emerged from stealth after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest of access points to manage their TRON staking allocations  natively within Ledger Live. Ledger Live users can stake on-chain via TRON in three simple taps and unstake their assets through the same simplified flow.  The StakeKit integration fully supports TRON Stake 2.0, TRON’s latest validation staking model, launched on the mainnet in April 2023. This model enables users to receive additional…