The Ghanaian government’s next phase in its digitalization drive is set to be the adoption of blockchain technology, according to the country’s vice president. He stated that his administration aims to become one of the few governments worldwide powered by blockchain, and the first in Africa. A Blockchain-Powered Government The Vice President of Ghana, Mahamadu […]
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Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […]
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Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina
Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina. The data center facility, in the Bajo del Toro thermoelectric plant, will host 1,200 bitcoin miners. Genesis Digital Assets to Operate Flare Gas […]
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Horizen Labs, Offchain Labs, and the Arbitrum Foundation Propose Apechain Powered by Arbitrum
A collaboration between Horizen Labs, Offchain Labs, and the Arbitrum Foundation aims to bolster the apecoin (APE) ecosystem through the development of a dedicated blockchain, Apechain. Envisioned to leverage Arbitrum technology and governed by Apecoin DAO, the teams believe this initiative represents a significant step toward expanding the utility and reach of apecoin.
Horizen Labs and Partners Pitch Apechain Proposal for Apecoin DAO Evolution
Apechain, as proposed, is set to be a dedicated chain for the apecoin (APE) community, developed using Arbitrum technology. Spearheaded by Horizen Labs, Offchain Labs, and the Arbitrum Foundation, this initiative aims to enhance the value proposition of the APE ecosystem.
“We believe that leveraging Arbitrum’s market-leading technology will best position Apechain to succeed as an independent governed chain in the Ethereum ecosystem,” the proposal says.
The recommendation, envisions Apechain as a cornerstone of the Ape brand, with APE as its native gas token, thus extending the reach and utility of APE in the broader crypto landscape. The teams say a key aspect of this vision includes the permission to use “powered by Apecoin” branding, emphasizing the integration of the APE identity into Apechain.
The proposal highlights a strategic focus on gaming, hoping to position Apechain as a hub for next-generation consumer-facing applications and games. The trio of entities’ emphasis aligns with Yuga Labs’ strategy of prioritizing gaming within its ecosystem. By ensuring low fees and fast transactions, Apechain aims to offer a better user experience.
Additionally, the proposal says that maintaining a strong connection with Ethereum is a critical aspect, with the Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and the broader APE community being influential within the Ethereum NFT ecosystem. Meanwhile, APE hasnt had the best year and it’s down 54% year-to-date.
Over the past six months, APE is down 26% but it’s seen some improvements during the past two weeks, rising 13% against the U.S. dollar. While APE is up 62% from its all-time low recorded on Oct. 10, 2023, the crypto asset is down 93% from its all-time high witnessed on April 28, 2023. At that time, APE was exchanging .70, and today, it’s trading for .63 per unit. @HorizenLabs
What do you think about the proposal to create Apechain? Share your thoughts and opinions about this subject in the comments section below.
Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases
Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the weaponization of fiat currencies like the dollar, which has driven countries in “de-dollarization mode” to take refuge in gold.
Steve Hanke Believes Rise in Central Bank Gold Purchases Has to Do With U.S. Dollar Weaponization
Professor of Applied Economics at Johns Hopkins University Steve Hanke, a Bitcoin critic and dollarization proponent, has given his take on the return of gold as a reserve currency for central banks. In a recent interview on Jesse Day’s Commodity Culture, Hanke revealed his position about the future of gold as a reserve asset and how U.S. policies have influenced a rise in central bank gold purchases.
Hanke believes that the recent rise in U.S. sanctions, the weaponization of the U.S. dollar, and a climate of uncertainty have caused central banks to purchase gold at record levels.
He explained:
You never exactly know what these central banks are going to do, but the trend right now is a lot of central bank buying, and the reason behind this is that there is a lot of uncertainty, everything has become more politicized in the realm of fiat money.
As a result, central banks that had not been players in the gold market have now risen as significant buyers, more so those that are in what Hanke calls “de-dollarization mode” and want to reduce their exposure to the U.S. dollar due to the increasing enactment of sanctions.
Bullish Stance
Hanke emphasized that since the 9-11 events, the utilization of sanctions has been steadily increasing, but that in the Biden administration, they are “on steroids.” Hanke called this trend “utter stupidity,” causing countries like China and Poland to increase their gold purchases.
Poland, which has not traditionally been a strong gold buyer, has accumulated 105 tonnes of gold year-to-date, in line with its policy of having 20% of its reserves in gold, according to statements from National Bank of Poland (NBP) President Adam Glapiński.
This situation has caused Hanke to declare a bullish stance on gold for the future, explaining that from a fundamentals perspective, gold looks pretty strong, even if he is not a gold bug in the vein of Peter Schiff, another famous economist.
What do you think about the future of gold markets in relation to de-dollarization? Tell us in the comments section below.
Algorand Explorer Powered By ChatGPT launched, Will ALGO Find Reprieve From Aggressive Sellers?
GoPlausible, a team of developers building tools for people to create and use Algorand, has launched AlgorandExplorer. This explorer fuses the capabilities of ChatGPT to ease interaction with the public, proof-of-stake blockchain. Algorand is a smart contract platform similar to Ethereum, allowing users to deploy decentralized applications (dapps).
In a Medium post on October 10, the team said the plugin aims to solve challenges facing Algorand indexers and eventually simplify exploring the smart contract platform. Ordinarily, users rely on indexers through which users can search and query the blockchain. This is because indexers have to create a searchable database holding all data, such as transactions, blocks, and more.
Besides offering an interface for users to explore Algorand, the AlgorandExplorer supports “semantic conversational searches, enriching data with logs and related transactions,” allowing on-chain searches to “reason with data” more effectively. The explorer will integrate a language translation tool, meaning users from across the globe can explore Algorand using their native language.
Still, the AlgorandExplorer is under development. Eventually, in the coming version, the GoPlausible plans to include more enhancements, including Algorand Request for Comments (ARCs) and technical documentation.
Algorand is far from the only platform investing in AI; a few months ago, Solana announced their integration of a ChatGPT plugin focused on non-fungible tokens (NFTs). The plugin, the foundation said, facilitates the buying and listing of NFTs. At the same time, it can interpret data and find the floor price of NFT collections listed on the blockchain. The floor price is the lowest price an NFT in a given collection can be sold.
The ALGO Sell-Off Continues: Will Prices Sink To New Lows?
While the move by the Algorand Foundation could see more users explore and analyze transactions on the smart contract platform, there has been no significant impact on prices. The ALGO sell-off was made worse by allegations made by the United States Securities and Exchange Commission (SEC) in June that ALGO and other coins, including Axie Infinity (AXS) and Cardano (ADA), are unregistered securities.
Presently, ALGO remains under pressure, consolidating within a tight range defined by the sell-off recorded in August. Based on that formation, the coin is technically bearish and trending within the bear bar of August 17, a bearish engulfing bar that had high trading volume.
Thus far, looking at trackers, the coin is down by over 70% in the past year of trading. From the daily chart, ALGO is also edging lower, wiping gains posted in the first week of October.
Technically, ALGO is edging closer to all-time lows registered in August, a net negative. The primary supports remain at .08. If broken in Q4 2023, the odds of ALGO sinking even lower, completely reversing gains of 2021, will be on the table.
Introducing Worker or Sheikh: A Revolutionary Play-to-Earn Game Powered by Cutting-Edge AI Technologies
PRESS RELEASE. The team behind Worker or Sheikh is excited to announce the launch of their groundbreaking Play-to-Earn game, designed to provide players with an immersive and sustainable gaming experience. With its unique economic model, easy-to-learn gameplay, and AI-driven optimization, Worker or Sheikh is set to redefine the Play-to-Earn landscape.
Worker or Sheikh offers players two distinct roles within the game: Workers, who extract oil barrels from the wells, and Sheikhs, who act as investors and receive a passive income from the Workers’ efforts. This dual-role system promotes an inclusive gaming environment that caters to players with different investment capacities and gameplay preferences.
One of the standout features of Worker or Sheikh is its sustainable economics, designed by experts and optimized using artificial intelligence. The game employs systems for deflation, dividends, staking, burning, and more, ensuring a stable and sustainable gaming ecosystem over time.
Additionally, the game’s simplicity and user-friendly design make it accessible to players of all ages. Worker or Sheikh features a comprehensive Marketplace, where players can purchase in-game improvements such as potions, avatars, and extraction towers, while still offering the opportunity to play for free.
The game’s content, level design, and challenges are partially driven by AI technologies. Four AI-powered characters, named OLIVIA, DEXTER, CHARLES, and LILY, work together to optimize the game’s economy, create engaging content, design challenging levels, and analyze data to provide useful insights and feedback to the developers.
Worker or Sheikh is also proud to be the only game with a Virtual Assets Provider License and regulation through its creator, Blackbeargo, In addition, it already has a Certik audit. This sets a new standard for transparency and trustworthiness in the Play-to-Earn gaming world.
To learn more about Worker or Sheikh and join the gaming revolution, visit the official website at https://www.wosplaytoearn.com/ and follow the game on social media for the latest updates.
About Worker or Sheikh:
Worker or Sheikh is a next-generation Play-to-Earn game that combines innovative AI technologies, sustainable economics, and engaging gameplay to create a unique gaming experience. With a strong focus on inclusivity and sustainability, Worker or Sheikh aims to redefine the Play-to-Earn gaming landscape for the better.
Media Contact:
Web: https://www.wosplaytoearn.com/
Telegram Contact: @wosgame
Telegram Channel: @wosplaytoearn
Discord: https://discord.gg/wosp2e
Twitter: @wosplaytoearn
Instagram: @wosplaytoearn
Email: info@wosplaytoearn.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players
Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Rúben Dias, Ilkay Gündoğan, and Alex Greenwood, stars from Manchester City, the reigning champion of the Premier League.
Okx To Launch Okx Collective Metaverse
Sports clubs and their players are more and more inclined to tailor metaverse platforms to offer new immersive experiences to fans. Okx, one of the biggest cryptocurrency exchanges by volume traded, will launch its own metaverse experience specially tailored for soccer fans.
The company has partnered with a group of players of the reigning champion of the Premier League, U.K.’s first-division soccer league, to create a platform for fans to engage with their stars and get a glimpse of their activities on and off the field. In a press release, the exchange explained the collective will provide a glimpse into the lives of these stars, who will lend their exclusive training music, content, and NFT-based digital experiences to the platform.
Soccer clubs have been particularly interested and active when it comes to adding more experiences of this kind to enrich and tighten the relationship with their fans. On the intersection between soccer and metaverse tech, Haider Rafique, CMO at Okx, stated:
Introducing elite footballers to our newly established metaverse is about sharing the boundless possibilities of Web3 and inviting fans to experience it first-hand. Web3 has the potential to be bigger than everything that came before it.
Featured Players and Background
The players in Okx collective come from diverse backgrounds. Four Manchester City will provide their content to the platform, including veteran Ilkay Gündoğan, Jack Grealish, Ruben Santos, and Alex Greenwood from the rows of the women’s Manchester City team. Grealish believes that bringing soccer to the metaverse will offer fans a new panorama of the sport. He explained:
Combining football and the metaverse brings fans closer to the action! I’ve had a lot of fun bringing my digital profile to life with the support of the Club and Okx.
Greenwood stated this connection with the metaverse and the digital world might be beneficial for the ecosystem. She stated:
We talk a lot about the evolution of football, and it feels as though exploring this space is the next step.
Other European soccer clubs like Real Madrid and FC Barcelona, and even leagues like the Spanish Laliga have also launched metaverse and NFT-based initiatives before, with mixed results.
What do you think about the launch of the Okx Collective? Tell us in the comments section below.
Wafini, A Cardano DAO Powered NFT Marketplace Closes $200,000 Private Round, Opens Seed Round Whitelist.
Wafini governance token $WFI will power the Wafini ecosystem, enabling holders to be integral in the development and growth of Wafini.
Wafini just announced that they have closed a 0,000 pre-seed round in July.
Muhammad Ahmad, project manager of Wafini commented on the development outlining that the raised funds will be used to expand the team, extend partnerships and further the development plans of the Wafini NFT Marketplace.
Wafini plans to hold a public seed round of it’s utility token $WFI, with 15 million out of 100 million tokens up for grabs for early adopters at 0.02 ADA a piece.
Early birds can whitelist for the seed round here.
What Is Wafini?
Wafini is a DAO powered NFT Marketplace where users can trade Non-Fungible Tokens & NFT collectibles, users also will be able to mint, list, sell and swap their Non fungible tokens in a simple and easy to use interactive interface.
The Wafini NFT Marketplace which will be powered by smart contracts on the Cardano Blockchain, is poised to become the first truly DAO owned NFT Marketplace on Cardano.
Wafini is designed to be community sustainable without external control or influences.
The Wafini DAO Ecosystem will give the community of $WFI token holders an opportunity to unlock the full potential of the NFT marketplace as it will be the first NFT Marketplace on Cardano to give $WFI Token holders a reflections of trade commissions on the Marketplace.
This will promote an enabling fair and decentralized ownership and governance for the sustainability of the Wafini ecosystem.
$WFI Token
The $WFI is a Cardano Native token that also doubles as the utility and governance token of the Wafini NFT Marketplace and there will be only 100,000,000 $WFI Tokens ever minted.
Users can stake their $WFI Tokens to earn rewards and can also boost their staking rewards with the Wafini Genesis Passport NFTs.
The Genesis NFTs is termed the passport NFT because it gives it’s holders a place in the Wafini NFT Marketplace DAOboard.
$WFI Token Sale
There will be two early bird Wafini token sales followed by a public sale. The seed sale allocation has an allocation of 15 percent of the total supply which could be accessed at 0.02 ADA per token.
The Wafini Token Seed round is set to launch on the 1st of October, whitelist is already open for early birds who want to get hold of $WFI tokens before everyone else through this link.
After the Seed Sale, there will be a Pre-Sale with a token allocation of 10,000,000 and finally a public offering with an allocation of 20,000,000 tokens.
Interested participants can read a detailed guide on how to buy $WFI Tokens on the link from the Wafini’s documentation page.
The incentivized public launch of the Wafini marketplace is scheduled after the Vasil Hard Fork.
Wafini Seed Sale Whitelist
Whitelisting for the $WFI Seed Sale is ongoing and have recorded almost 100 whitelisted participants.
Each whitelisting participant is required to maintain a minimum of 500 ADA balance on their Cardano compatible wallet to access and pass for a whitelist spot.
Whitelisting will be capped at 1000 participants and only whitelisted wallets will be allowed to join the Seed Sale.
The team will constantly remain innovative in its mission to provide solutions to take the NFT ecosystem to the next level.
About Wafini
Wafini is a Web 3.0 community driven decentralized NFT Marketplace for Non-Fungible Tokens & NFT collectibles where users will be able to mint, list, sell and swap their Non fungible tokens utilizing the Cardano Blockchain.
Have the Inu Tokens Finally Found Their Leader in Powered Gaming?
The decentralized nature of the crypto sector gives room for several cryptocurrencies to thrive amongst their communities. The industry currently has thousands of cryptocurrencies in active trading, some of which are tributes or representations of ideas or events. While many are much older and considerably more serious, several others are meme coins.
A meme coin is a cryptocurrency that gained popularity relatively quickly (with some much quicker than others), especially when it is based on an online event, phenomenon, or promotional effort. The definition also covers coins originating from jokes or other whimsical events or ideas. Generally, most people credit Dogecoin as the first meme coin, as it started as a joke back in 2013. Apart from paving the way for future meme coins, Dogecoin is also the first “dog coin,” featuring the face of the notorious Shiba Inu dog as its logo. Since it became popular, many other dog tokens have launched, and are now pulling in massive trading numbers. Following Dogecoin’s success, several dog coins – such as Shiba Inu – began to establish themselves. However, of all the dog coins available on the market, is there a clear leader yet?
Mononoke Inu
Mononoke Inu sets itself apart as a token focused on the community. Inspired by the popular childhood adventure picture, Mononoke Inu’s primary goal is to restore unity to the DeFi sector. The platform wants to repair trust between DeFi communities and teams by continuously listening to its community and engaging members.
Mononoke Inu also wants to change the current narrative about meme coins. For a while now, there have been a lot of bad actors and untrustworthy people who mislead and exploit members of the crypto community. In many cases, these people make many promises to members of their community, but end up meeting only halfway, and sometimes, not following through at all. Mononoke Inu will show the community that the DeFi sector, and crypto at large, can thrive in a community with honesty and a transparent push for DeFi improvement.
Roadmap
At the base of all Mononoke Inu plans is the community. The team split its current roadmap into several phases with a target of 150,000 holders and a billion market capitalization at the end of the 4th phase. Other plans include partnerships with known crypto influencers to build trust with the public, as well as custom NFT contests.
Mononoke Inu is also developing a 2D play-to-earn game. Although there is no confirmed launch date as of now, the game will be web-based and available on desktop and mobile operating systems. Mononoke Inu’s game will be a play-to-earn offering that provides financial incentives to all players taking part. These players can earn by participating in and completing game levels or defeating game bosses. There will also be random power-ups that players can collect to multiply their earnings.
As part of community efforts and in addition to earning via regular gameplay, players can earn additional tokens by taking part in daily competitions where the three most impressive players will receive rewards. To sweeten the opportunity, players will also be able to collect NFTs to increase their chances of winning the daily contest. Before the final launch, Mononoke Inu will release early game previews for members of the community to contribute their opinions to the final release.
The Clear Leader
Although it is one of more than 80 “Inu” coins listed on CoinMarketCap, Mononoke Inu clearly leads the pack among Inu tokens and meme coins. Through community participation, Mononoke Inu’s plan for public involvement and general transparency has the potential to bring in the DeFi community in droves.