Ethereum Price Technical Analysis – ETH/USD Bearish Below $1030 300

Key Highlights

  • ETH price declined recently and traded toward the $900 level against the US Dollar.
  • There is a key bearish trend line forming with resistance at $1030 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair has to move above the $1030 resistance and the 100 hourly simple moving average to gain bullish traction.

Ethereum price declined a few points against the US Dollar and Bitcoin. ETH/USD is currently correcting higher, but it is facing sellers near the $1030 level.

Ethereum Price Upside Hurdle

There were further declines in ETH price from the $1080 swing high against the US Dollar. The price declined and broke the $1000 and $950 support levels. It even pierced the 50% Fib retracement level of the last leg from the $750 low to $1150 high. It opened the doors for more losses below $950 and the price traded towards $900. A low was formed at $904 before the price started an upside correction.

It has moved above the 23.6% Fib retracement level of the last decline from the $1070 high to $904 low. However, there are many resistances on the upside starting with $985. There is also a key bearish trend line forming with resistance at $1030 on the hourly chart of ETH/USD. At the moment, the 50% Fib retracement level of the last decline from the $1070 high to $904 low at $987 is acting as a hurdle. The main resistance is around $1030 and the trend line since it is close to the 100 hourly simple moving average.

On the downside, an initial support is at $935. The most important support is at $900, which must hold declines in the near term.

Hourly MACD – The MACD is still in the bearish zone with no positive signal at present.

Hourly RSI – The RSI is currently moving higher, but it is still below the 50 level.

Major Support Level – $900

Major Resistance Level – $1030

 

Charts courtesy – SimpleFX

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AuroraFS DApps Development Capabilities to Be Enhanced 2698

Recent news reveals that AuroraFS has progressed in its vision and direction concerning the development of the next generation of DApps which will be deployed on the decentralized P2P cloud storage and distribution network. AuroraFS announced intentions to begin building DApps which will run on the content storage and streaming network, in addition to Web3Tube.

Web3Tube is the decentralized video storage and sharing application which has been in full test mode for over a month now. Web3Tube was the first decentralized application to display the power and ability of the decentralized cloud network known as AuroraFS. Now, with the expansion into development of more DApps, the search for DApps developers is on.

What do the New Development Plans Look Like?

The development of the next generation of DApps has triggered a search for Decentralized Application Developers to bring talent to AuroraFS in order to deliver just that. In order for the AuroraFS blockchain network to begin generating future DApps that will run on and demonstrate the power and expansiveness from the peer-provided global data resource pool, it will require fresh ideas and talent, so the network set out to find both.

The ideas are not only coming from contributors and advisors to the network, but also the AuroraFS network community has been asked to weigh-in and submit ideas for the next wave of DApps to be developed. It certainly presents as a sensible move since the community would be expected to have an instrumental part in operating those DApps on the front end. The community has been asked to play an intricate role in the development of the network in this way, as AuroraFS demonstrates by action, an evidential degree of trust in the opinions and views of its community, Web3Tube video creators, network users, AuroraFS and Web3Tube contest and campaign winners and airdropped AUFS token holders.

“We were excited to get feedback from the AuroraFS community. They’re using the network actively on Web3Tube and involved in all of the contests and upgrades that have been made to the decentralized network, so it is certainly a good idea to consider their valuable feedback for the next phase of AuroraFS DApps.” – Warwick Powell, Gauss Aurora Lab Design and Research Leader

DApps on AuroraFS up Until Now

Until now, the focus has almost exclusively been on Web3Tube, the initial DApp developed to demonstrate the vast capabilities of the AuroraFS decentralized content network. It took a great deal of time, while Web3Tube was in its conceptualization stage as AuroraFS was still deep in its development phase, just beyond theory and hypothesizing. Since that time, a downloadable version of Web3Tube went live and has been available since March, when future airdrop campaigns began.

Web3Tube is comparable to a platform such as YouTube, but innovative in that it is fully decentralized. To accomplish this, Web3Tube depends on the fully decentralized, yet fully secured AuroraFS innovation which combines state of the art technologies to create data efficiency advanced enough to deliver HD quality in a fully decentralized and secured environment. To pull this off and still maintain anonymity and integrity simultaneously, has in fact been an achievement thus far for AuroraFS, which motivates the decision and drive for the development of more DApps in this season.

Final Mentions and Next Steps for AuroraFS

With development plans for the next phase of DApps certain, AuroraFS moves closer to its expected token and mainnet launch in Q3 of this year. The exact date in Q3 has not been determined, as improvements in a strive for the utmost quality, are still regularly being made to the network and the Web3Tube application alike.

The final round of the third official future airdrop contests and campaigns also recently ended, and the Gauss Aurora Labs team of AuroraFS contributors, have made multiple appearances in blockchain and tech events. Members of the team were present at Blockchain Week in Australia at the end of March, and also FinTech21 which was held in Melbourne on May 18th and 19th. So then exposure has been a focus as the Gauss Aurora Labs team looks to educate individuals about the new blockchain development still not fully released.

Mummy.io Hopes To Reinvigorate The P2E Industry Via Unreal Engine 5 And Reward-Based Gameplay 3247

Mummy

As the crypto and blockchain industry continues to develop, there is certainly no shortage of P2E games, and for good reason. After all, with record-setting inflation and massive unemployment rates throughout the world, it would make perfect sense that an increasing number of people are actively seeking new, innovative and reliable ways of earning money. In fact, the P2E sector has been so successful that many have begun depending on it as their main source of income.

To that end, there is a brand new P2E game that should be on everyone’s radar, Mummy.io. This is an MMO RPG built on BSC (Binance Smart Chain) and Polygon which utilizes the extremely powerful Unreal Engine 5 technology in order to deliver mind blowingly realistic graphics and the ability to earn money while enjoying the game.

What is Mummy.io?

Mummy.io is a cutting-edge MMO game which brings long-forgotten myths from the ancient Egyptian civilization to life. In a nutshell, the game presents fast-action combat mechanics set in the abundant world of ancient Egypt, a realm torn between order and chaos whose fate rests in the hands of the Gods. Mummy.io was created using Unreal Engine 5, with the goal of delivering a high-fidelity product which gamers can play without paying anything and be able to earn money at the same time.

Additionally, the players will be given true ownership of the in-game assets which will take the form of non-fungible tokens. The overall objective of Mummy.io is to present a game which features the best visuals, a complex and viable in-game economy, and, most importantly, a fun and memorable experience.

The game will thus essentially be a multiplayer open-world action RPG set in ancient Egypt, as aforementioned. As such, Mummy.io shall test players’ strength, skills, determination and wit as they explore the environment, complete quests for different factions, and collaborate with other players to complete given tasks. They can also enjoy the single-player based PVE mode or try their hand at competing with other players in the PVP mode, there is something for everyone. Also, regarding the social aspect of Mummy.io, players have the option to create their very own Guilds and invite others to join, with each Guild siding with either the Chaos or Order faction. In addition to progressing through crafts and professions, wherein players can win and unlock loot boxes containing precious in-game items, users can even create and customize their own temples and pyramids which they can then sell or rent to other players, or even use as a location to organize events.

What about monetization and marketing?

Although originally free to play, the game economy, which is based on a P2E model, includes a reward system that includes attractive bonuses like gold, various in-game items and NFTs, all of which can be traded by the players in exchange for crypto that can then be sold for real money. The native token of the game is $MMY.

Furthermore, Mummy.io’s players shall be allowed to trade consumables and various items shall be made available for purchase in-game with crypto or fiat currencies, along with being compatible with an NFT format via the marketplace as well.

Ultimately, what makes Mummy.io different?

Naturally, there are numerous P2E games that can be found nowadays, with some of the more famous examples being among the likes of The Sandbox (SAND). Realizing the stiff competition that they face, the Mummy.io team strives to be different by firstly utilizing Unreal Engine 5 and secondly by making a free-to-play game that is highly enjoyable, social in nature (with a strong emphasis on community), and is created by gamers for gamers. According to the developers, who have previously worked in companies such as Square Enix and Ubisoft, so many P2E games nowadays often feel like a chore and the ‘fun’ element is usually missing, but this reportedly will not be the case with Mummy.io.

Also, Mummy.io shall be selling Land H1 2023. Specific locations of the Mummy world have been divided into land parcels that can be purchased in the future. Land owners can use it to build infrastructure, rent it to other players, or stake it for passive income. This, in turn, will make new partnerships accessible to Mummy.io and a truly multi-world metaverse experience will be the result.

The team is also working hard to create a fun and interactive metaverse with exciting gameplay that additionally includes numerous opportunities for socializing and interaction, along with exciting bonuses and rewards that can further enhance the P2E experience.

During difficult and complex battles, the fast-paced combat system allows players to greatly improve their skills, combat abilities and much more such as chain skills, parries, and dodges. Needless to say, the game is hence highly dynamic and the emphasis is not just on the advanced graphics, but also on the reaction-intensive gameplay, thereby significantly improving immersion for the players and putting the focus back on the gameplay and not just on the visuals.

What is there to look forward to?

While fans wait for the game to be finished, the team has released screenshots from the demo teaser and even an interesting feature known as ‘The Mummy.io Manifesto’. In the end, although there is certainly plenty of work yet to be done, this is one game that everyone should be keeping a close eye on going forward as the demo shall be available in the third quarter of 2022 and will be accessible exclusively by the Mummy community.

In fact, there is plenty to look forward to as per the project’s roadmap, as the focus right now is firmly on delivering the first amazing chapter of the demo which will also be upgraded in the coming months with new environments, lore, NPC interactions, and interesting characters. Lastly, apart from the pre-alpha version which will follow towards the end of the year, the team is also currently working on Mummy.io’s ‘Primordial NFT Collection’, so make sure to keep an eye on the social media channels for details about the whitelist. Ultimately though, the game has plenty to be excited about including the NFT collection, 3D items (which also have varying levels of rarity and grant owners full membership in the Founder’s Pyramid), and last but not least an impressive framework in Mummy.io’s metaverse which effectively combines contemporary and modern design choices with the aesthetics and unique environment of the ancient world.

How ViaBTC, a Pool Founded 6 Years ago, Continues to Rank Top Globally by Hashrates 3142

Recently, the BTC hashrate has reached a new high. The previous record was 248.11EH/s, which was exceeded when the hashrate figure peaked at 254.77EH/s this month. Despite sluggish market conditions in 2022, the interest in mining remains unabated. In addition, as more people joined the mining community, the BTC hashrate kept going up, and the difficulty also soared. Running low hashrates, individual miners are becoming less competitive, yet the advent of mining pools brought them a ray of hope and also revolutionized conventional mining models.

Of the many pools that have popped up, ViaBTC Pool has left miners with a deep impression. In 2021, some countries cracked down on BTC mining, and many pools went out of business as a result. However, the strict policies didn’t hurt ViaBTC’s BTC hashrate. Instead, it has ranked 1st for a while thanks to the pool’s globally distributed business model and the recognition from global miners.

As a pool founded in 2016, ViaBTC managed to survive and record world-leading hashrates all thanks to the following factors.

A strong team

To create a stable mining environment, the ViaBTC team has deployed nodes all over the world to match miners with the nearest node, which minimizes delays and makes the mining network stabler. So far, ViaBTC remains the pool with the lowest orphan rate in the entire industry, which shows the strength of its team.

At ViaBTC, over 60% of the staff are members of the product and R&D teams, the primary members of which are all seasoned developers from world-renowned Internet-based companies. Led by ViaBTC’s founder Haipo Yang, the team has continued to upgrade and improve the pool. As it keeps the pool secure and stable, the R&D team has introduced more versatile products and features and built a full set of matching tools.

Innovation

To address existing flaws of the mining industry, ViaBTC Pool has rolled out many innovative products. For instance, the pool invented PPS+, which was the first payment method of its kind in the industry, and created Transaction Accelerator, also a unique product. Plus, it is also the first pool to support “Convert Now”. These products have not only improved the mining revenue but also solved the problem of congested transactions under extreme market conditions. Meanwhile, the hourly pay of mining revenue effectively avoids risks arising from price fluctuations.

A well-established blockchain ecosystem

ViaBTC has been trying to build an all-encompassing blockchain ecosystem that integrates products, tools, and investment. In addition to ViaBTC Pool, the group now also boasts other four key business segments, including CoinEx Exchange, ViaWallet, CoinEx Smart Chain (CSC), and ViaBTC Capital, which makes it one of the best-established blockchain firms out there.

Relying on its strong ecosystem, ViaBTC has simplified the tedious process that goes from crypto mining to transaction and circulation. When withdrawing cryptos from ViaBTC Pool to CoinEx Exchange, miners do not have to pay any fees, and withdrawals arrive in real time. Moreover, Staking, a built-in service of ViaWallet, provides miners with all kinds of different ways to preserve the value of their assets in an extended bear market.

Myria has announced free-to-claim Alliance Sigil NFT for all new and existing community members 3271

Myria Studios, the blockchain gaming division of Myria, announced that the company is rewarding its community members with its inaugural NFT drop — a free-to-claim Alliance Sigil NFT. For a limited time, all new and existing Myria community members can claim the exclusive NFT for free.

The Alliance Sigil NFT forms part of the intricate lore of the Myriaverse and will signify where each holder chooses to stand in the fight against “The Rift” — a powerful force that consumes real worlds and mutates them into digital ones. The Sigil NFT will also grant holders additional access and utility, which will be revealed at a later date.

Participants must complete basic missions to claim their chosen Alliance Sigil NFT, such as joining and introducing themselves to the Myria Discord community, and can also choose to complete further missions to claim additional rare rewards.

Members can select from three Alliances: Federation, which seeks to combat the Rift’s expansion on all fronts; Vector Prime, which believes humanity is due for an evolution and will stop at nothing to accelerate the Rift’s expansion; and Equinox, which favors balance and coexistence.

The rich lore of the Myriaverse will carry across Myria Studios’ game worlds, and metaverse, and will be revealed over time, chapter by chapter.

“Space and time bend and twist, taking your consciousness with it. If you don’t move fast, you could get caught in a time loop forever. But if you’re quick and smart, and choose your Alliance wisely, you’ll be rewarded.”

Visit https://www.myria.com/ to complete the Alliance Sigil NFT claim.

About Myria

Myria is the first Ethereum Layer 2 scaling solution built for gaming. We make digital asset trading and blockchain gaming easy with our all-in-one platform, including the Myria NFT marketplace, Myria Wallet, Myria Game Platform, and a decentralized exchange. With the mission of enabling more people to build, experience and enjoy the benefits of blockchain and the metaverse, we are building a suite of developer tools including easy-to-use API integrations and SDKs for developers to easily harness our platform infrastructure to unlock the potential of blockchain. This suite of infrastructure will also underpin the expansive blockchain gaming ecosystem being developed by our gaming division, Myria Studios.

Baby Shark BubbleFong Friends NFTs, First Sale on Binance NFT 3530

BBF Inc. has announced that ‘Baby Shark BubbleFong Friends‘ NFTs will be released on the Binance NFT, the official NFT marketplace of Binance, on the 10th of this month. Featuring the beloved characters of Pinkfong Wonderstar, these will be the first collection of the ‘Baby Shark BubbleFong Friends’ NFTs.

For its first collaboration with Binance NFT, BBF Inc. plans to release 2,504 Mystery Box NFTs featuring the adorable characters from Pinkfong Wonderstar, the hit 3D animated series of The Pinkfong Company, on the Binance NFT on the 10th. The Binance NFT Mystery Box ‘Baby Shark BubbleFong Friends NFTs’ is designed to enable Play-to-earn and token mining within the game. Detailed sales and event information will be released later on the Binance NFT official website and social media channels.

‘Baby Shark BubbleFong Friends’ is a P2E game developed by Day1 Entertainment based on the Pinkfong Baby Shark IP, the world-renowned IP of The Pinkfong Company, after Day1 Entertainment entered into a license agreement with The Pinkfong Company.

Meanwhile, ‘Baby Shark BubbleFong Friends’ is currently holding a Pre-Registration Event through the official Pre-Registration page (bbfpreregistration.io/) for global user. Those interested can find detailed information about the event on the website and through community channels.

‘Baby Shark BubbleFong Friends’ is a classic arcade bubble shooter P2E game that is fun and easy to enjoy. Along with various game contents, it is scheduled to be released globally within the first half of this year except South Korea, Vietnam, Singapore, North Korea, and China pursuant to the regulations of each country.

About BBF Inc.

BBF Inc. is a U.S.-based operating corporation that oversees the global operation and business of P2E game Baby Shark BubbleFong Friends.

LABEL Foundation Integrates With Binance Custody To Offer Cold Storage Support For $LBL Token 4131

IMG 2007

LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL’s native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and insured cold storage feature. Moreover, both BEP-20 and ERC-20 are available for deposits as well as withdrawals. If all goes well, the LABEL team hopes to further expand its partnership with the Binance ecosystem in the future as well.

A budding relationship

Binance Custody was only released in 2021, but there is still nevertheless plenty of faith in the high level of user protection being offered by the service. LABEL had been searching for a reliable custody service for quite a while, and when choosing a custody service, the main aspects that LABEL primarily focused on were security and insurance coverage. Keeping that in mind, Binance Custody indeed appeared to be the optimal choice as it uses industry-leading secure MPC (Multi-Party Computing) , threshold signing schemes, and offline key-sharing storage to decentralize fund management, all of which are vital components to ensuring the safety of users’ digital assets.

Also, in terms of insurance, Binance Custody obtained insurance from Arch Syndicate 2012 at Lloyd’s of London, which was mediated by Lockton’s Emerging Asset Protection (LEAP), the world’s largest independent insurance broker, to further enhance investor protection. Insurance is one of the most important factors when it comes to a custody service, as it provides peace of mind to the customers as even if something does go wrong, the losses can be recovered.

The benefits of transferring ownership of digital assets to Binance Custody are hence not only limited to security from hackers and malicious individuals, but also delegation of authority. By sharing access with the custodian and delegating this authority, users can hence potentially prevent the loss of assets in the event of lost cryptographic inheritance, private passwords, or any other kind of data loss or hack.

Why choose Binance Custody?

Choosing Binance Custody was an easy choice for LABEL Foundation because of its aforementioned safe cold storage solution. As LABEL is all about revolutionizing the music industry through Web 3.0 technology, integrating with Binance Custody provides another level of security by protecting users’ $LBL tokens with the institutional-grade digital asset management infrastructure and security features. Once again, this provides some much-needed peace of mind to LABEL’s customers as reliable security measures have quickly become mandatory for any project in this industry. According to CSO Hyung Soon Choi, there will also be discussions on potentially considering further strategic collaboration with Binance Custody and the broader Binance Ecosystem.

What is Binance Custody?

Binance Custody is widely considered to be a top service as it is completely regulated, insured and effortlessly integrated with the overall Binance ecosystem. Fully customized solutions are offered via the service, as it essentially acts as an uncompromising platform between top-notch security and a simple as well as efficient user experience which provides a customizable multi-permission scheme. This in turn enables institutions and individuals alike to operate crypto assets in a systematic, secure and controlled manner.

The core technology behind Binance’s Custody is additionally certified to ISO 27001 and 27701, the world’s most recognized and sought-after quality control standards for information security and privacy, which is yet another reason as to why so many are actively choosing Binance Custody.

About LABEL Foundation

LABEL Foundation is a blockchain-oriented NFT copyright fee sharing platform that supports investment, distribution and advertising processes, removes significant barriers to modern content production and investment, and strives to eliminate the biased profit sharing structure that currently exists in this industry.

Essentially, LABEL Foundation represents an incubation system designed to disrupt the DeFi industry and it uses the native $LBL token, which is Ethereum-based governance and utility token, to do so. The native token may also be used in a variety of ways to help bolster the expansion of the LABEL ecosystem. Furthermore, the tokens are mainly used to establish the basic token economy of the platform by acting as payment, staking and governance entities. Lastly, the DAO (Decentralized Autonomous Organization) voting infrastructure allows contributors to claim profits via the non-fungible token shareholding system, which adds a strong sense of community that is actively associated with LABEL and everything that it does.

For more information and regular updates, be sure to check out the official website and Medium, Telegram and Twitter channels.