Ever since Satoshi Nakamoto created Bitcoin [BTC], the very first cryptocurrency, blockchain technology has placed itself as a constant disruptive technology. This growing innovation has also grasped the attention of several key players from various industries such as IBM, Intel, and SAP.

Among various industries that are working within the blockchain, a majority of the community believes the games industry is going to lead the adoption of blockchain and cryptocurrencies. There is a high chance that the ‘Killer App’ will emerge from this sector even. This could be due to how over half a billion people around the world have been playing games for at least an hour a day. Closely linked to that is how the average group of players either fall in the Millennials or Gen-z categories – both are the main contributing groups to a nation’s economy.

iCandy Interactive, a game developer and digital entertainer, has stepped into the blockchain space with the launch of CryptantCrab. The company aims to disrupt the games industry with blockchain technology. The company is already a well-established player in the video games sector, with over 350 million gamers worldwide and over 500 million downloads.

World of CryptantCrab

CryptantCrab, a web-based game, takes inspiration from the popular mobile game – Crab War. This game runs on the Ethereum blockchain and managed to raise over $69000 within a timeframe of 10 days, during its pre-sale event. Having these results, the company affirms that the gamers on its next-gen blockchain game are going to be early blockchain adopters.

Collecting crabs is just one major aspect of CryptantCrab, with the other being able to customize them. Included in the major update for early January 2019 are players gaining immediate access to the Mutation and Xenograft features. Where mutating a part enables gamers to engage a risk/reward system during the alteration, Xenograft provides a more predictable outcome.

Players get to graft away a specific part from a crab and transplant it onto a prized fighter or critical member of a collection, giving them the ability to create complete sets or ferocious fighters.

Crabs that have their parts grafted will turn into a Fossil and cannot be sent into a battle again. To ensure a more diverse marketplace and further energize ecosystem activity, the Fossils still offer some level of value as they can also be traded among players. Seeing as Fossils and the more powerful and rare Relic Fossils can be equipped on crabs going into battle, it makes perfect sense for them to gain some intrinsic market value.

Active Trade and Battle

Engaging these customization features, along with the active marketplace trading, will raise the odds for the upcoming battle activities in CrpytantCrab. Beyond improving the overall stats and battle prowess of these crabs, their overall tradeable value also increases as they gain experience and level up.

These customizations and marketplace trading give players the chance to improve their crabs and ready them for the upcoming Battle and Pool Arena modes. The player-versus-player matches are pretty straightforward as that will see two crabs going against each other. As for the arena, it will be where players can sign-up their crabs to see which of their prized fighters can claw their way to the top of the pile. Those going into the Pool Arena get a shot at the big Ethereum prize-pool.

The fighting aspects and need to complete collections will keep the demand for crabs, Fossils, and Relic Fossils very high. This will result in creating an engaging platform for the trading ecosystem. This is how iCandy Interactive wants to make blockchain games more engaging and immersive. At the same time, these efforts will also raise the market value of crabs as demand and user engagement go up.

*This post is credited to AmbCrypto

Tron TRX continues to position itself as the blockchain of choice for dApps developers. Lately, there has been a trend to migrate applications and products initially developed in the Ethereum blockchain to alternatives able to better support the high number of transactions required for them to run correctly.

Ethereum’s inability to withstand the high number of transactions under the current conditions was evidenced after the entire blockchain clogged due to the popularity of Crypto Kitties. Therefore, alternative blockchains such as EOS and Tron began to gain popularity after the launch of their mainnets.

After BitGuild, a decentralized gaming platform, announced its move from Ethereum to the Tron blockchain, a series of dApps embarked on a similar migration and a few hours ago EtherGoo joined the trend by announcing now the release of TronGoo. The developers promise to take advantage of the Tron blockchain to offer an “improved and updated game balance” and a “Brand new interface with mobile compatibility.”

TronGoo is a game that rewards its players with crypto after specific actions such as depositing Goo, promoting the game, stealing tokens from other players or breeding creatures that produce resources. Formerly the reward was in ETH, now of course players will be rewarded with TRX.

The TronArcade team expressed its enthusiasm, commenting that all the members are ready to offer the greatest collaboration to all those developers interested in building on Tron and wishing the TronGoo team the greatest success:

The TRON network and the TRON Arcade fund will always welcome developers with open arms. We’re confident that working together will allow our technology and communities to fuel the next wave of innovation and adoption. The EtherGoo and TRON Shrimp devs have produced hit DApps on multiple blockchains, and we hope their creations will bring joy to the TRON community

After the announcement, TRX experienced a bullish streak that led it to reach a value above 0.024 USD. Although TRX is currently undergoing a correction to the 0.0226 level, the indicators are still bullish at least in the short term.

*This post is credited to The Ethereum World News

Since December 15, within a ten-day span, the cryptocurrency market added $45 billion to its valuation as Bitcoin surpassed $4,200.

Many analysts are generally positive on the short-term price trend of Bitcoin heading towards the year’s end, confident that the dominant cryptocurrency has established a bottom.

Prospect of Bitcoin

Currently, Bitcoin and the vast majority of cryptocurrencies are undoubtedly in a bear market. From its all-time high, the Bitcoin price is still down 79 percent and other major crypto assets such as Ethereum (ETH) and Ripple (XRP) are down around 89 percent from their all-time highs.

On December 23, as the Ethereum price surged by more than 51 percent against the U.S. dollar, Alex Kruger, an economist and a cryptocurrency trader, said:

7 days ago ETH was down 94% from all time highs. Now, after a 52% increase in 7 days, ETH is only down 91% from all time highs.

For investors to reasonably believe that cryptocurrencies are no longer in a bear market, digital assets would have to increase by over 20 to 30 percent against the USD.

Bitcoin, for instance, is currently valued at around $4,200 on fiat-to-cryptocurrency exchanges. While the asset has broken out of several resistance levels above $4,000, a breakout of $5,000 is important to confirm a proper bullish price movement, as analyst Willy Woo explained earlier this month.

“Be aware the above scenario is contingent on a bounce upwards to test low $5,000s. Currently, the short term price action is consolidating into a wedge with hidden accumulation (according to the OBV indicator), this suggest there is more probability of an up move from here,” Woo explained when the price of Bitcoin hovered at around $3,500.

$3,120, the lowest point Bitcoin reached in 2018, could have been its bottom, capped at an 84 percent decline from its all-time high. However, to confirm a full trend reversal, the asset would have to show strength throughout the first quarter of 2019, demonstrating several months of consolidation and accumulation.

It could be said that the crypto market has achieved a bottom, as Ethereum co-creator Joseph Lubin emphasized, but it is too early to conclude that the bear market of cryptocurrencies has come to an end.

Still, the strong corrective rally of major digital assets has relieved significant pressure from the cryptocurrency market, increasing the probability of a potential trend reversal and positive price movements over the Christmas season.

45 Percent Up

Since mid-December, the cryptocurrency market has recorded an increase in valuation from $100 billion to $145 billion, by 45 percent.

However, in a grand scheme of things, the cryptocurrency market has not even reached November levels, when the valuation of the market was hovering at $220 billion. The market would need to rebound by 51 percent to recover to $220 billion.

With several positive industry-related developments including the launch of the Bakkt Bitcoin futures market in January, investors in the market are anticipating a solid price movement throughout the first two months of 2019.

*This post is credited to CCN

In the past 24 hours, the cryptocurrency market added $7 billion to its valuation as Bitcoin and Ethereum rebounded by around five percent.

Bitcoin (BTC) successfully defended a relatively weak support level at $4,000 with strength and Ethereum (ETH) prevented a further drop below the $110 level.

However, based on the level of the momentum of major cryptocurrencies throughout the past several days, if the dominant cryptocurrency does not cleanly breakout of the $4,000 to $4,200 range, a short-term drop to the mid-$3,000 region still remains a possibility.

Where Bitcoin and Ethereum Go Next?

Bitcoin and Ethereum remain as the only two cryptocurrencies to hold a strong daily trading volume. As of December 1, the daily volume of BTC hovers at around $5.5 billion, while that of ETH is stable at $2 billion.

The daily volume of ETH is larger than the daily volume of Ripple (XRP), Bitcoin Cash (BCH), and Stellar (XLM) combined.

Several reports released in the past month have shown that the recent sell-off of ETH was not hugely affected by the liquidation of ETH by initial coin offering (ICO) projects.

Chris Burniske, a partner at Placeholder VC, said:

“So, in reality just $8 million worth of ICO treasuries’ ETH directly hit exchanges during November 14–30, 2018. Given the data we have, we are confident to say that ICO projects reacted to the market conditions, rather than dictated them.”

The high daily volume of ETH and BTC suggest that the two cryptocurrencies are not free falling with low sell-pressure, unlike the majority of major cryptocurrencies and small market cap cryptocurrencies in the market.

The danger and the risk of trading low volume cryptocurrencies in a highly volatile period is that if sell orders hit the market, digital assets with low volume will be the first to fall by a significant margin.

A high daily volume is also what allowed BTC and ETH to recover by more than five percent in the past 24 hours while XRP and BCH demonstrated a daily increase in price in the range of 1.5 percent to 3 percent.

If BTC and ETH can breakout cleanly above major resistance levels, which are estimated to be $4,300 for BTC and $120 for ETH, then the two cryptocurrencies could lead the market through a strong short-term rally.

But, if the two assets continue failing in breaking out of their respective resistance levels, it will be challenging for the market to see a major upward price break.

Fundamentals Show Ethereum is in a Good Position

Joseph Todaro, a managing partner Blocktown Cap, reported that the Ethereum blockchain network is settling $500 million in daily transaction volume from 600,000 daily transactions, and virtually every emerging decentralized application (dApp) or project is being built on Ethereum.

“$500 mil daily transaction volume, 600,000 daily transactions, 1/3 reduction in issuance Q1, ETH locked up keeps growing (ie dai), down 92%, absolutely terrible press, basically anything of interest is built on ETH,” Todaro said.

Joseph Todaro@j3todaro

Bull case for $ETH starting to look good

– $500 mil daily tx vol
– 600k daily txs
– 1/3 reduction in issuance Q1
– ETH locked up keeps growing (ie dai)
– down 92%
– absolutely terrible press
– basically anything of interest is built on ETH

*This post is credited to CCN

Shakepay is a Canadian over-the-counter crypto asset trading platform designed for high net-worth persons and businesses who wish to transact large amounts of Bitcoin and Ethereum. According to the CEO of Shakepay, Jean Amiouny, the platform was established to satisfy the demand for a customized solution for trading large volumes of digital assets.

The minimum acceptable investment on the Shakepay OTC platform is CA$50,000. Users can trade the Canadian fiat currency in pairs against Bitcoin and Ethereum. The platform charges a 0.75% trading fee for each transaction which usually takes one business day to settle. The project, which had been testing for the past 12 months, will be operated in partnership with Schedule 1 Bank.

Besides the OTC trading desk, Shakepay also has a cryptocurrency wallet that allows users to transact fiat money against digital currencies. The wallet has several features, including in-app customer support, instant verification, multi-currency support, price alerts and so on. Moreover, Shakepay previously offered crypto-enabled Visa cards but has since discontinued the program. The discontinuation was a result of a directive from Visa to Wave Crest, a partner to Shakepay in this project. Visa ordered wave crest to close all accounts linked with prepaid cards.

Since its inception in 2015, Shakepay has served 40,000 customers and transacted over CA$30 million. Furthermore, the company has been recording significant growth over the past few months. Amiouny stated that the company intends to further this growth by continuously adding new features to their trading platform.

Features Of Shakepay OTC Trading Platform

  • Swift settlement – transactions are settled within one business day.
  • Affordability – the platform charges 0.75% trading fee. Notably, withdrawals are free of charge.
  • Sufficient Liquidity – the OTC desk is lined with leading crypto exchanges as well as offline liquidity pools.
  • BTC & ETH Trading Pairs – users can trade the Canadian dollar against Bitcoin and Ethereum.
  • Regulatory Compliance – Shakepay is accredited to operate throughout Canada by the AMF and FINTRAC.
  • Professional Trading Team – the Shakepay trading team is made of seasoned expert investors.
  • Concierge Service – Shakepay offers custodial services for their users.

*This post is credited to Bitcoin Exchange Guide

We’re very pleased that users are now able to trade LINK on BITBOX, which is a major step forward in our plans for creating a token economy that rewards user participation. We think it is important to promote co-creation and mutual growth with LINK while ensuring BITBOX continues to develop as a user-friendly platform that adds value to those who use it and contribute to our services.

Proposed TRX Airdrop

The messaging app also announced the inclusion of different airdrop events by its cryptocurrency exchange platform, to commemorate the LN listing. Bitbox will also airdrop TRX tokens to LINK token holders. Customers will receive an equal number of TRX for their LN.

Furthermore, for traders who deposit TRX on the platform, they will also receive an airdrop of LINK. The company provided a website containing details of airdrop events and other limited events on Bitbox’s website.

Also, the company’s cryptocurrency exchange plans to offer several LINK-based rewards, such as discounts and trading fees.

LINE Betting Big on Cryptocurrency

The Japanese messaging giant is not new to the digital currency scene. With a user base of about 200 million, LINE Corp has taken remarkable steps in the virtual currency space.

LINK Corp, in May, inked a partnership deal with Korean cryptocurrency ICON (ICX). The collaboration could tentatively result in millions of LINE customers using the ICON blockchain platform to access dApps.

The Japanese company further took a giant step by establishing its own cryptocurrency exchange, called Bitbox, in Singapore. Bitbox would offer over thirty different digital currencies, including major ones like Bitcoin, Litecoin, and Ethereum. The company further announced that Bitbox would only offer crypto/crypto market transaction.

As at June, LINE Corp announced that the services of the trading platform would be available to users around the world, except the United States and Japan.

In addition to its Bitbox launch in Singapore, the company added TRON (TRX) to its Bitbox exchange, through multiple trading pairs. The pairs include TRX/BTC and TRX/ETH.

*This post is credited to EthereumWorldNews

Serbia-based decentralized technology startup Decenter recently released Cryptographics, a fully functional Dapp on the Ethereum mainnet to generate art pieces called “cryptographics” based on asset packs (collections of visual elements like images and symbols). The Decenter team said the Dapp “represents a fusion of cryptography, Web 3.0, and digital art inspired by the dada avant-garde movement.”

The art-making process is simple: Individuals choose which asset packs they want to use to create their cryptographics. From there, a “random composition process” generates the artwork, which users can keep forever on the blockchain as ERC721 tokens or sell in the Cryptographics Gallery, which is a sort of marketplace for individuals to buy and sell cryptographics.

Asset packs are designed and uploaded by visual artists, such as illustrators, photographers, and graphic designers. These collections contain up to 50 different elements, with at least one background graphic. Artists receive Etherwhenever somebody creates a cryptographic using their asset packs.

Most of the Dapp’s key features require the MetaMask extension, though the team noted that it “has gone to great lengths to allow users to get the feel of Cryptographics even if they don’t have MetaMask or ETH.” Moreover, interested individuals can access the Dapp’s open-source code via GitHub.

With the launch of Cryptographics, there’s a little more art love to go around in the cryptospace.

*This post is credited to ETH News

Since mid-2017, Ethereum hackathons have been held in many major cities across the globe, to encourage the development of decentralized applications (dApps) and blockchain-based systems.

ETHGlobal, the biggest Ethereum hackathon organization to date, has played a key role in facilitating the growth of the Ethereum open-source developer community, providing technical workshops, educational talks, and resources to hackers that participate in events to develop applications.

Most recently, ETHBerlin, described by many hackers as the most successful Ethereum hackathon to date, saw the emergence of a wide range of innovative projects like a game of Battleship using SNARKs and a prototype of Sharding coded by well respected Ethereum researcher Vlad Zamfir.

Hackathons are Changing the Sector

Linda Xie, a prominent investor in the cryptocurrency sector acknowledged for her work as the co-founder of Scalar Capital and advisor to 0x, has been involved in ETHGlobal hackathons since its first hackathon on Oct. 13, 2017, at Waterloo, Canada.

At ETHBerlin, which gained significant media coverage due to its efforts to solely rely on decentralized applications (dApps) and Ethereum-based solutions to facilitate activities at the event such as live streaming, ticketing, and hotel booking, developers from both the local community in Germany and many other countries participated in the hackathon to build products on the blockchain.

Xie stated that she was taken aback by the level of activity in the cryptocurrency community in Berlin, which primarily focuses on building products and collaborating with other developers. She also emphasized that her favorite project from the event was Ethstonia Identity, a product that allows Estonian e-Residency ID card holders to sign Ethereum transactions using their cards.

“Among the 8 winning projects, my favorite was Ethstonia Identity. It allows people to use their Estonian e-Residency ID card to sign Ethereum transactions. You can actually transact on the blockchain using a government issued ID which can be useful for signing legally binding contracts,” Xie explained.

Andreessen Horowitz co-founder and levendary venture capital investor Ben Horowitz said at TechCrunch Disrupt that there is more developer activity in crypto than in anything the firm has seen since the Internet.

Currently, the cryptocurrency market and blockchain technology are still at their infancy. Infrastructure to support institutional investors is just being created and scaling solutions to expand the capacity of base protocols like Ethereum are showing significant process.

Xie said:

“While it is clear we are still in the early stages of building, I have enjoyed watching the developer community grow and progress through each event.”

Building Interconnectedness

It is important, as Gnosis creator Martin Koppelman stated, for developers to continue creating dApps that rely on each other to build interconnectedness amongst decentralized systems, as systems like 0x Protocol and Augur have done with their platforms and partner applications.

“And as a next step, the number to look out for is DAPPs that seamlessly interact with each other and draw a benefit from being on the same platform. As a side effect, ultimately the price of ETH will then be a function of the demand for the use of applications in this reliable, open, and interlinked environment,” Koppelman noted.

Hackathons will play a vital role in helping developers create dApps with interconnectedness and streamlining the process of kickstarting projects which otherwise might not be experimented with due to lack of opportunities and resources.

*This post is credited to CCN

Singapore-based virtual currency marketplace KuCoin has made an investment in Bitcoin Australia – a move that is targeted to enhance the global expansion of both parties, the company’s CEO Michael Gan said in a LinkedIn statement. The financing amounts to nearly $3 million, the Australian exchange’s chief executive Rupert Hackett disclosed in an interview for local news outlet The Australian Financial Review on Sunday.

The money will add to previously raised capital from Dominet Venture Partners and will be used to fund Bitcoin Australia’s “aggressive international expansion” which sees the UK as its next primary target, Hackett explained. The marketplace will afterwards seek to enter other European markets, as well as Canada.

According to Hackett, Bitcoin Australia, holding an official license, is ripe for an international expansion, as it complies with the local regulations, which incriminate unauthorized crypto exchanges.

As for the recent partnership with KuCoin, Hackett told the online publication the two companies “had clear synergies”.

“[KuCoin] will effectively create an exchange for intermediate and advanced traders, while we’re a mass market approach, making us quite synergistic. We’ll build the consumer-friendly retail experience for people entering the market, while supporting KuCoin for advanced traders,” Hackett said.

At present, KuCoin offers trading with hundreds of cryptocurrencies, while Bitcoin Australia allows its users to buy and sell BTC and buy ETH against Australian dollars.

Despite a cryptocurrency market that has been shedding value in the recent months, demand from local investors is not seen to subside in the long term, Hackett maintained:

“When you compare the global trade in cryptocurrency compared to all-time high trading volumes it has depressed 5-10 per cent, but it’s still up 60-70 per cent on 12 months ago

*This post is credited to Cryptovest