As general interest in the play-to-earn gaming industry continues to wane, leading blockchain gaming platform, Axie Infinity too struggles to keep its players interested. The recent data showed that the index for the daily active user of Axie Infinity V2 suffered a 21% drop. The platform has been spotted struggling to keep the number ofContinue reading “Axie Infinity’s V2 struggles to keep players interested but here’s the catch”

As the competition becomes even more cutthroat amongst blockchain platform providers, it has become a game of which platform has more benefits and utility to offer its users. On 7 June, Chainlink, through the introduction of what it called Chainlink Economics 2.0 published the roadmap and initial implementation of staking within the Chainlink network. AccordingContinue reading “Chainlink [LINK]: With an update set to hit this chain, here is what you should know”

As regulatory activities begin to rally within the cryptocurrency space, the mantle of battling the Securities and Exchange Commission (SEC) has now been passed to Changpeng Zhao, the CEO of Binance. On 6 June, it was reported that the SEC has launched an investigation into whether Binance Holdings Ltd, the owners of BNB tokens brokeContinue reading “Is SEC giving Binance the side-eye? BNB has the answer”

With price retracement underway in the cryptocurrency market, Bitcoin climbed above the $30,000 strategic price region during intraday trading on 6 June. The altcoin ecosystem was also impacted by these gains. Interestingly, on Monday (6 June) the AAVE token broke past its crucial resistance level of $104 and proceeded to register a high of $111Continue reading “Decoding AAVE’s ride from $111 to $98 and its 24-hour tale”

Commonly viewed as a mere joke and popularly dubbed as a ‘meme-coin,’ the core developers of Dogecoin are set to change the narrative with the launch of the new Dogecoin update, v1.14.6. The GitHub link that contains the checklist of what is to be achieved with the proposed v1.14.6 update to the network was circulatedContinue reading “Dogecoin: With v1.14.6. upgrade, traders should know that DOGE has…”

Yesterday, following the detection of a “set of suspicious activities”, Maiar Exchange (Maiar Dex) a decentralized exchange deployed on the Elrond Network, was placed under maintenance. Beniamin Mincu, Founder and CEO of Elrond in a tweet put out earlier today confirmed that his team already launched an investigation into the suspicious activity detected on Maiar ExchangeContinue reading “Decoding why a halted DEX on Elrond Network sent ELGD rolling down a slope”

Touted as an “Ethereum killer” due to the transaction speed and the scalability it offers, the Solana Network has not lived up to its name. The series of outages that the blockchain has suffered in less than a year has brought its claims of reliability under scrutiny from members of the cryptocurrency community. In lessContinue reading “Solana: From network outages to bear run, why is SOL having such a bad time”

As the actual utility of Non Fungible Token (NFTs) projects comes under intense scrutiny, recent data suggests dwindling interest in the space. Especially in comparison to the explosive growth and attention the NFT space saw last year. The rug pulls, scams, and more importantly, the cryptocurrency bloodbath, have all led to falling interest in theContinue reading “Was it a lot of May-hem for OpenSea Ethereum and Polygon last month”

Recent unfortunate events that have trailed STEPN, a move-to-earn blockchain project appear to be proving skeptics right about the imminent failure of play-to-earn blockchain games. On 4 June, STEPN, via a twitter thread, informed its users of the implementation of an “Anti-Cheating” infrastructure into the gaming platform. Sustainability as the number of users continues toContinue reading “STEPN: Amid reports of spam accounts and DDOS attacks, how are its tokens reacting”

No space offers you a faux perception of longevity as much as the NFTs space does. When launching a project, as a promoter of such a project, a question that needs answering every waking day is how you intend to stay relevant within the space. With hundreds of new NFTs projects launched daily, projects thatContinue reading “Can the MoonBirds fly again after muted interest post launch and poor volumes”

With Ethereum 2.0 underway, the transition into a Proof-of-Stake Network for the Ethereum [ETH] blockchain is about to become a reality. Users and developers are excited over the developments this upgrade will usher into the network. With the merge on Ropsten scheduled for 8 June, the whales appear to be gearing up for a pumpContinue reading “Ethereum [ETH]: With the Merge just a few days away, here’s all you should know”

As the month of May ended and blockchain platforms embarked on their monthly housekeeping journeys, the Near Protocol, in a tweet made on 2 June stated that the platform recorded increased traction and growth during the month. The Protocol indicated that a total of 25, 265,452 transactions were processed in May which represented a 13%Continue reading “Near Protocol: The A to Z of NEAR’s ‘May’ month performance”