Author: Kryptonews

Ethereum has been struggling to keep up with the rest of the market. However, its upcoming Pectra upgrade may be the catalyst it needs. Ethereum’s (ETH) Pectra upgrade, scheduled for this week, has been on traders’ radar for some time. On Tuesday, May 6, Tracy Jin, COO of MEXC, shared her insights with crypto.news on the upgrade’s potential. Notably, Jin believes Ethereum has a unique opportunity to shift market sentiment. “Bitcoin’s dominance currently sits at a year-high of 63,9% while altcoins continue to struggle to capture any sustained market momentum outside trend-based and speculative movements. With investor sentiment cautious and…

The Rise of the Gaming Metaverse The concept of the metaverse—interconnected virtual worlds where people interact, play, and transact—has gained significant attention in recent years, particularly in gaming. Traditional gaming platforms rely on centralized systems, where developers and publishers control assets, transactions, and user experiences. However, blockchain technology is revolutionizing this model by enabling true decentralization. Blockchain’s Core Advantages in Gaming Blockchain introduces key features that disrupt traditional gaming paradigms: Ownership and Asset Transferability – NFTs (non-fungible tokens) allow players to own in-game items as unique digital assets, which can be transferred, traded, or even used across multiple games. Unlike…

Key Takeaways:A mysterious whale wallet (0x6ea) has accumulated 2.21 trillion $PEPE, now valued at over $29.24 million.The wallet withdrew 420 billion PEPE (~$5.39M) just 2 hours ago, following a massive $22.35M withdrawal earlier the same day.PEPE’s price is down over 8%, but large-scale accumulation hints at possible long-term bullish sentiment despite market weakness.Despite the ongoing downturn in the meme coin market, whales appear to be doubling down on PEPE. Recent on-chain activity shows massive withdrawals from centralized exchanges, potentially indicating that big players are positioning for a long-term bet on the frog-themed token.Read More: Why MIND of Pepe Is the…

Tennis Australia is expanding its NFT ball art offering for this year’s Australian Open, saying it is in it for the long haul despite the uncertainty in the crypto market.The Open last year launched an “AO Artball” collection as the hype around all things crypto peaked, with 6,776 ball artworks sold as non-fungible tokens (NFTs) that are linked to 19cm x 19cm plots on the court at Melbourne Park.An additional 2,454 NFTs are on offer this year.Inside the strange world of NFTsNon-fungible tokens are a crypto asset that confers ownership of a digital item – in this case unique artwork…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is trading firmly above the $2,600 mark after a surge in buying pressure over the past several days, marking a strong shift in momentum across the broader market. After months of choppy action and bearish sentiment, bulls are…

Introduction to Blockchain in Food Supply Chains The modern food supply chain is complex, involving numerous players from farmers to consumers. However, its opacity can lead to inefficiencies, fraud, and safety issues. Blockchain technology has emerged as a solution, offering enhanced traceability, transparency, and accountability. By leveraging distributed ledger technology, blockchain ensures that every step—from farm to fork—can be monitored securely and reliably. How Blockchain Enhances Supply Chain Traceability Unlike traditional tracking methods, blockchain provides an immutable record of food’s journey. Each participant in the supply chain contributes to a shared ledger, making transactions visible in real time.(series famer adds…

At least five large firms from China’s mainland and Hong Kong have signaled intentions to launch on the Singapore Exchange (SGX) over the next 12 to 18 months. These businesses include a Chinese energy company, a healthcare group, and a Shanghai-based biotech company. The companies are also exploring share placements or dual listings. People familiar with the matter said the move is part of a broader push by Chinese firms to gain a foothold in Southeast Asia. They attempt to find alternative markets as the trade war between China and the United States rages on. The US and China have…

Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future.There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on the “long-term future” of Mattel digital collectibles.“Your unwavering support and enthusiasm for the Hot Wheels Virtual Garage has been legendary, and we’re incredibly grateful to have been on this journey with you,” the company said.“As we evaluate the changing world of virtual collectibles, we’ve determined the…

The Virtuals Protocol (VIRTUAL) is the trending token on CoinGecko, after posting notable gains over the day and in the last month. However, heads turn amid concerns that whale control, weak fundamentals, and AI hype may be fueling a volatile rally. VIRTUAL Whale Holdings Raise Red Flags VIRTUAL, a fast-rising AI-themed token, has skyrocketed nearly 300% in May, gaining 46% in the past 24 hours alone. Trending on CoinGecko, data shows it was trading at $2.13 at the time of writing. VIRTUAL price performance. Source: CoinGecko Yet behind the meteoric price action lies a troubling concentration of power. According to…

The Ecosystem Funding Initiative team is thrilled to announce the recipients of the 2024 Academic Grants Round! This round, we are proud to support 41 projects from researchers and institutions worldwide. These projects address fundamental challenges and opportunities in areas critical to Ethereum’s growth, including cryptography, consensus mechanisms, security, execution,…