“Death Cross” Sparks Bitcoin Sell-Off 177

Talk of a “death cross” in Bitcoin on Thursday has sparked an investor sell-off down to the $7,500 line, where it met support. The digital currency was struggling at the $8,000 mark since earlier this week.

Bitcoin Down to March Lows at $7,500 Amid Bearish Pattern

Bitcoin, the most valuable cryptocurrency in the market, continues its steady drop in price ever since failing to break the $12,000 resistance in early March.

Apart from exceptions such as ERA (+45%) or Skycoin (+27%), the top 100 coins by market capitalization is down for the day as investors get gloomier potentially from talks of a “death cross” in Bitcoin. The term is used in technical analysis to describe a crossover of the 50-day moving average and the longer-term 200-day moving average, more specifically, when the 50-day moving average moves below the 200-day moving average. The pattern is often considered a bearish signal.

The 50-day moving average has already taken out the 100-day average and investors are fearing the worst as it chases the 200-day MA. Investors tend to find that technical signal quite negative, especially given the recent performance of Bitcoin as it trades steadily lower since the launch of futures.

The introduction of Bitcoin in futures trading has provided a “gold rush” towards cryptocurrencies during the last quarter of 2017 in a move that triggered a global conversation about the digital coins and blockchain. The announcement that CME Group would list Bitcoin futures sparked a break of the $7,000 area in Bitcoin. The price then kept climbing until hitting its current roof at $20,000 in mid-December as it ran out of fuel from the futures listings.

There are, however, a few arguments that can provide a less bearish stance. The last death cross pattern for bitcoin was in September 2015. Instead of a magnificent plunge, the digital coin more than doubled its value as it moved from around $230 to the $500 area in about two months.

Brian Kelly, a trader in CNBC’s Fast Money, supports a more bullish technical view as he points to an uptrend in play since August.

“Bitcoin, just like the spot FX markets, follows technicals closely, therefore these support levels gain more importance. If these levels hold, then it will confirm the uptrend from August is still valid.”

For now, the cryptocurrency sits at the $7,500 area, with the 2018 low being at $6,149. Year-to-date, the digital currency is down by 38 percent, approximately. Meanwhile, the cryptocurrency market threatens to review its market cap low of 2018, at $275 billion.

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Tanuki Announces “Cheeky” Memecoin Launchpad on Solana and Live Token Presale 4729

Tanuki launched recently on Solana, aiming to “redefine the meme game and bring unprecedented joy to the community” through the Tanuki Launchpad supporting reliable memecoin projects. The platform’s native token, $TANUPAD, is now available for presale.

The project has a laidback approach to the crypto cosmos, promoting fairness and transparency for all while communicating in a humorous, “cheeky” tone. Its mission is to empower genuine meme projects and accelerate innovation in the blockchain space via the $TANUPAD token, available in a total supply of 2 billion tokens.

One of the platform’s standout features is the Tanuki Launchpad, supporting the most used blockchains, including Solana, Ethereum, BNB, Avalanche, Arbitrum, SEI, SUI, Cardano, and Metis. By fully embracing network diversity, the launchpad can support numerous projects during their first steps into the cryptosphere and showcase their potential to a broader audience.

The $TANUPAD token fuels the growing Tanuki ecosystem and provides holders with numerous benefits. For example, holding $TANUPAD gives governance influence and a say in the project’s evolution. Moreover, holders can access potential earning opportunities by staking and farming their tokens and exploring the many lucrative opportunities on the launchpad. The platform does not impose KYC for token holders participating in IDOs, allowing for greater investor diversity.

No less than 45% of the 2 billion $TANUPAD tokens are available for the presale, which is now live. The token is listed on major exchanges, including Gate.io, Raydium, MEXC Global, LBANK, and HTX.

Tanuki’s commitment to complete decentralization is visible in its smart contract code, which was stripped of all minting and freezing features. This means the owner relinquishes all control and guarantees a fair and transparent use for all participants.

Another feature that sets Tanuki apart from numerous memecoin projects is its setup system, which controls participation in launchpads and prevents possible dumps. Additionally, the platform protects project launches from potential rug pulls through advanced safety systems. These security measures distinguish Tanuki as a reliable launchpad for projects that are not counterfeit or deceptive.

About Tanuki

Tanuki launched in 2024 with the goal of becoming a beacon of transparency and trustworthiness among memecoin project launchpads. To this end, it commits to fostering an inclusive and collaborative ecosystem that enables projects to raise funds, connect with investors, and gain widespread adoption across multiple blockchain networks.

The project benefits from an expert team of professionals building its path toward global visibility and use. One of their objectives is to establish a robust and loyal community and engage with it via social media channels, such as X (Twitter) and Telegram.

Following the ongoing presale, Tanuki will seek to obtain more listings on decentralized and centralized exchanges, introduce the staking platform, and integrate SUI and SEI networks with its launchpad. Future plans include the launch of its proprietary DEX, Tanuki Launchpad Swap.

So far, Tanuki has successfully passed an audit with SolidProof, one of the industry’s top auditors.

Waterfall Network Launches New Desktop App for Windows and macOS 4786

Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.

Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.

“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”

The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.

The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.

To download the new Waterfall Network desktop app or for more information, please visit https://waterfall.network/.

About Waterfall Network

Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.

Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.

CUDOS to tokenize assets on the Moon with 2024 Copernic Space Mission 5646

In a move that marries blockchain technology with lunar exploration, CUDOS is thrilled to announce its participation in the 2024 Moon Mission, spearheaded by Copernic Space. This marks a significant milestone for CUDOS and the future of the space economy and blockchain technology.

CUDOS has been at the forefront of leveraging blockchain for innovative uses for years. Now, it’s taking a giant leap – quite literally – by sending the Mainnet genesis file to the moon. This file, encapsulating the initial state and configuration of the CUDOS chain, symbolizes the boundless potential of blockchain technology beyond Earth.

A Monumental Leap for Blockchain

The Copernic Space 2024 Moon Mission and related lunar asset initiative, which features other leading players from various industries such as Axiom Space, Flash Motors, and SophiaVerse AI, signifies a bold step into the future of blockchain-based space commerce. CUDOS’s Mainnet genesis file will be part of the payload, destined for a volcanic feature on the moon known as Mons Latreille.

Tokenization Beyond Earth

CUDOS will send this code to the moon and transform this celestial endeavor into a unique digital asset, creating a one-of-a-kind NFT representing the Mainnet genesis file on the moon. This NFT will symbolize ownership and mark a pioneering moment in the tokenization of lunar assets. This lunar asset will be tokenized according to the industry standard Copernic Space has created over the past two years with various lunar companies. The forthcoming giveaway of this NFT offers a once-in-a-lifetime opportunity for participants to own a piece of blockchain history and one of the first verified lunar assets.

Mission Details

  • Launch Date: Set for Q3-Q4 2024.
  • Destination: The moon, targeting the volcanic area near Mons Latreille.
  • The Journey: Embarking aboard the SpaceX Falcon 9 Rocket with the CUDOS genesis file securely housed within the LifeShip capsule on the Firefly Ghost One lunar lander.
  • Tokenization: This mission transcends traditional asset tokenization, turning the CUDOS Mainnet genesis file into a tradable real-world space asset as an NFT.
  • The Medium: There will be a Copernic Space event with select partners at the SpaceX Rocket launch, a live stream watch party for the landing, and a Twitter space for the launch.

A New Era of Space Economy

This groundbreaking collaboration between CUDOS and Copernic Space heralds a new era of innovation at the intersection of blockchain technology and space exploration. The mission exemplifies blockchain’s boundless potential to drive space exploration and ownership innovation.

About CUDOS

CUDOS is a leader in blockchain and cloud computing solutions, dedicated to pioneering sustainable and decentralized technology. With a focus on innovation and community, CUDOS empowers technological progress, making strides in blockchain and cloud computing while championing sustainability.

For further information about CUDOS and the 2024 Moon Mission, visit https://www.cudos.org/mainnet/.

About Copernic Space

Copernic Space is a pioneering platform and marketplace, bridging the gap between the Earth and space by tokenizing celestial assets. Our innovative approach democratizes space commerce and investments, offering a transparent and efficient marketplace for individuals and organizations to access and trade space assets globally.

TRALA LAB Commits to zkSync to Revolutionize and Advance Global Gaming Industry 6011

TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players

TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming market with blockbuster releases such as ‘Gunship Battle’ and ‘Freestyle’.

TRALA LAB has also entered into a collaboration with Matter Labs. Through the collaboration, TRALA LAB intends to leverage its comprehensive technical expertise and development support to publish a diverse range of AAA games on zkSync. Furthermore, the strategic collaboration between TRALA LAB and Matter Labs marks a significant step towards driving innovation and addressing key challenges in the global gaming market.

TRALA LAB is dedicated to revolutionizing the gaming landscape by addressing critical issues such as the lack of quality game content. With a focus on building long-term sustainable gaming platforms, TRALA LAB is set to onboard a range of AAA global game IPs, including highly successful titles like the Gunship Battle mobile game and the online sports game Freestyle, which recorded cumulative downloads of 150 million and 160 million respectively, across the world.

TRALA LAB aims to set new standards for quality game content while leveraging its established global marketing channels spanning 249 countries to introduce a new wave to the world stage. In addition to onboarding TRALA LAB’s games into the zkSync ecosystem, the strategic collaboration will involve collaborative efforts on the launch of TRALA’s gaming platform, utilizing the ZK Stack.

Rich Kim, Head of Web3 Entertainment and Media at Matter Labs, stated, “Joycity already has a proven record of being a successful global gaming company and owns numerous successful IPs. We are excited to see a variety of AAA games enter the zkSync ecosystem through TRALA in the future, and we also look forward to stimulating zkSync’s gaming ecosystem.”

TRALA LAB BD director Ivan Chung stated, “This collaboration with Matter Labs marks the first step in pioneering new avenues in the global gaming market, and we have high expectations for the synergy between TRALA LAB and Matter Labs. We are very pleased and excited to be able to contribute to the zkSync ecosystem through our games. Please keep an eye on us.”
About Trala

Trala Lab is an all-in-one blockchain gaming platform that aims to revolutionize the game industry by creating a simple and fun gaming experience. It provides an immersive and engaging environment for users to play, compete and interact with one another.

Lootex Revolutionizes NFT Marketplace with Smart Accounts and Token Swaps 6118

Lootex introduces Smart Accounts to simplify Web3 access and a token swap feature to boost NFT liquidity, setting new standards in digital asset trading. Alongside the Smart Frens project, these innovations promise a seamless, secure, and engaging platform for collectors and traders. This strategic move, underpinned by Lootex’s partnership with Mantle Network, aims to democratize blockchain technology and elevate the user experience.

Justine Lu, CEO of Lootex Technology, shares the platform’s inclusive vision, “At Lootex, we’re breaking down barriers to make the NFT and gaming world more accessible. Our focus is on simplicity and enjoyment, ensuring newcomers can easily join and thrive in this space. With innovations like ERC-4337 and ERC-404, we’re enhancing the user experience, aiming to create a welcoming, 404-friendly marketplace. Here, everyone can discover, trade, and connect, making Lootex a one-stop metaverse hub.”

Streamlining Web3 Access with Smart Accounts

Increasing the complexities of Web3 integration, Lootex introduces the Smart Account, leveraging the ERC-4337 standard for account abstraction. This innovation eliminates traditional hurdles, allowing for swift, five-second account creation akin to everyday email or social media sign-ups. Coupled with a gas fee sponsorship mechanism, this function represents a significant leap towards making NFT creation and trading more accessible and secure for everyone, from newcomers to seasoned traders.

A Unified Platform for NFT and Token Exchange

Responding to a surge in liquidity demands within the NFT sector, Lootex unveils its Swap NFT and fungible token function, supporting ERC-404 and other novel protocols. This development offers users a streamlined solution for exchanging and trading NFTs and tokens on a single, efficient platform.

The 404 Journey: A Path to Earn and Engage

The “404 Journey” event encourages users to earn $FRENS tokens through a series of actions from account opening to trading, with the opportunity to receive additional rewards. Unlike simple airdrop activities in general communities, by leveraging ERC-404 and to cater to the gaming-centric platform experience, Lootex has created the Smart Frens series with user avatars for players, who can participate in team trading competitions. The Smart Frens series utilizes the latest AI generation technology to create PFP avatars NFTs that stand out from the mainstream, single-background market, offering artistic, collectible, and identity showcasing values. With six roles and three levels of rarity, they reflect the user’s soulful identity status. The overall activity is divided into 4 phases starting from February 2024, rolling out simultaneously on the official website and community. For more details, please visit lootex.io.

Expanding Partnership with Mantle Network

The “404 Journey” is supported by a prize pool sponsored by the Mantle Network, highlighting the ongoing collaboration that has positioned Lootex as a pioneering NFT marketplace house on the Mantle blockchain since 2023. This partnership not only strengthens the bonds between Lootex and Mantle but also broadens Lootex’s platform capabilities and market reach, underscoring a shared dedication to enhancing blockchain technology and user experience.

“We’re thrilled to work with Lootex, whose innovative embrace of new technologies aligns with our vision at Mantle Network,” states the Sean Lee, the NFT Growth Lead of Mantle Network. “This strategic collaboration is set to revolutionize NFT trading, enhancing liquidity and user experience by combining our blockchain technology with Lootex’s forward-thinking platform. Together, we’re leading users seamlessly into Web3, setting new standards for the NFT ecosystem’s accessibility and engagement.

For further information about Lootex and its innovative offerings, visit lootex.io.

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About Lootex

Lootex is an innovative NFT marketplace designed for gamers and NFT lovers. Our mission is to make web3, blockchain, and new technologies more understandable and accessible. We aim to bring virtual assets to life and empower gamers with the information they need.

About Mantle Network

Mantle’s first core product is Mantle Network, a high-performance Ethereum Virtual Machine (EVM) modular layer-2 (L2) blockchain. Mantle Network’s modular rollup architecture separates transaction execution, data availability, and transaction finality into distinct layers. By virtue of being the first L2 network partner for restaking protocol EigenLayer, Mantle DA is powered by EigenDA technology, and inherits security from Ethereum while offering high performance at low fees.

The Open Platform is joining the Hong Kong Web3 Festival 2024 to accelerate Web3 development in the APAC region 6278

Open Platform press release

Hong Kong, April 2 – The Open Platform has announced participation at the Hong Kong Web3 Festival 2024 to showcase the unique value proposition of building on The Open Platform (TOP) and The Open Network (TON) for the Web3 ecosystem through its Asia-focused accelerator program. This collaboration spearheads Web3 development in the APAC region, offering unparalleled access to a diverse and active community.

The accelerator program stands out as the tipping point for blockchain development at the Hong Kong Web3 Festival, scheduled from April 4th to April 9th. This event is set to be one of the largest in Asia, bringing together builders, developers, and enthusiasts in the Web3 space. TOP’s involvement includes the Hacker House on April 4th, TON Investor Day on April 5th, and full-day keynotes on the main stage on April 8th.

Building with The Open Platform (TOP) leverages the unique combination of TON Blockchain and Telegram Messenger, the first Web3 app platform, with 900 million monthly active users worldwide. This platform allows third-party developers to build mini-apps for various purposes such as payments, food delivery, and e-commerce. TOP provides companies with investment and helps with operational setup. Most importantly, it provides unparalleled expertise in the field of Web3 products and social networks.

Media Contact:

Mariia Iordanidi
[email protected]

Website: https://top.co/