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Web3 gaming platform Iskra breaks into the Top 10 Games ranking list on DappRadar, the world’s leading directory for decentralized apps or dApps, in a promising start for the project in 2023. Iskra also reached another milestone as the #1 app on the Klaytn blockchain after seeing an impressive increase in their user activity that reached a new high of 19.49K UAW (unique active wallets) per day. The successful launch of several highly anticipated platform Features earlier this year contributed to Iskra’s rise through the ranks and placed it on the map as one of the most promising projects in the Web3 gaming space. “We are very excited to see the engagement from our community with the launch of our most recent platform Features ,” Iskra’s Chief Operating Officer Spike Ryu explained. “We hope that this momentum continues as we launch our games and offer early access to them in the second quarter. This is a promising start to 2023.” Iskra started 2023 by unveiling its multi-year Platf...

Join Our Telegram channel to stay up to date on breaking news coverage The boom in the cryptocurrency industry is fueling the creation and launch of new tokens every day. In such a scenario, it could be a real challenge for cryptocurrency enthusiasts to keep up with their prices and trade performances. This is exactly why we bring to you a full-proof list of today ’ s biggest crypto gainers that one should know about. DODO DODO is a decentralized trading platform that is driven by an innovative algorithm. It provides efficient on-chain liquidity to web3 assets by using its algorithm called Proactive Market Maker or PMM. Thus, this platform allows anyone interested in web3 assets to issue and trade them easily. The non-linear PMM algorithm works like a mechanism that replicates the trading styles of humans. It also provides flexible and customizable on-chain transactions. Via this mechanism, the algorithm can provide affordable market-leading pricing to its users. DODO ...

The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements on crypto, including the “travel rule.” Countries Agree to Implement FATF Crypto Standards The Financial Action Task Force (FATF), an intergovernmental organization established to combat money laundering and the financing of terrorism, announced Friday the outcome of its plenary which took place on Feb. 22-24. “Delegates from over 200 jurisdictions of the Global Network participated” in a number of discussions at its headquarters in Paris, the FATF said. A number of issues, including those relating to crypto assets, were discussed, the FATF noted, elaborating: Delegates further agreed on an action plan to drive timely global implementation of FATF standards relating t...

Join Our Telegram channel to stay up to date on breaking news coverage The Ripple blockchain is one of the most renowned blockchain projects in the emerging crypto space. The protocol enables instant and cheap cross-border payment settlement through its XRP Ledger. Since debuting in 2012, the cross-border solution has become the flagship bearer of an improved payment solution in the crypto space. However, its token price has largely underperformed due to unclear regulatory oversight in the US and industry-related incidents. But this has not stifled the growth of the XRP token, as it remains one of the top 10 most valuable cryptocurrencies. With the bull cycle coming around once again, could XRP hit $1 despite issues with US regulators? XRP Price Reflecting Broader Market Position The bullish run experienced in the crypto market in the past few days seems to be ebbing. At press time, the emerging industry has shed some of its gains, with the bears causing a 3.09% drop in the o...

This week regulators joined hands to highlight the crypto sector’s inherent risk, but pro traders fought back by adding leverage to their long positions. It’s possible that many people have already forgotten that Bitcoin’s (BTC) price closed 2022 at $16,529 and the recent rebound and rejection at the $25,000 level could raise concern among certain investors. Bears are pushing back at the $25,000 level and there has been multiple failed attempts at the level between Feb. 16 and Feb. 21. Currently, it looks like the $23,500 resistance is continuing to gain strength with every retest.  Pinpointing the rationale behind Bitcoin’s 45.5% year-to-date gain is not apparent, but part of it comes from the United States Federal Reserve’s inability to curb inflation while raising interest rates to its highest level in 15 years. The unintended consequence is higher government debt repayments and this adds further pressure to the budget deficit. It’s virtually impossible to predict when the Fed wil...

Last year saw Polygon (MATIC) lose a remarkable 70% of its value, but actions taken amidst that crypto winter could equate to 2023 success that is sustainable for investors. As the value of the crypto asset sector is seeing early gains to start the year, MATIC may be on a different plain. Thus far, Polygon is on a redemption track, up 90% since the start of the year. Although the losses were real in 2022, Polygon saw its market cap jump into the top 10 of all cryptocurrencies. Now, early-year gains, and those same factors, mean an upward trajectory for the digital asset. Partnerships Source: Polygon Although Polygon (MATIC) saw a lot of losses last year, it was headlined by a plethora of high-profile partnerships. Companies like Meta Platforms, Starbucks, Coca-Cola, JP Morgan, and Disney announced collaborative efforts with Polygon in 2022. The meaning behind the partnerships were to help these various businesses utilize blockchain technology. Moreover, it put Polygon ...

A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs, known as “Moments” issued via the Flow blockchain, are securities. Judge’s Ruling Allows Friel v. Dapper Labs Case to Continue United States District Court judge Victor Marrero agreed with the plaintiffs who filed a lawsuit against Dapper Labs on Feb. 22, 2023, noting that NBA Top Shot NFTs could plausibly be unregistered securities in the eyes of the law. On May 13, 2021, Jeeun Friel sued Dapper Labs for selling Top Shot NFTs without registering with the U.S. Securities and Exchange Commission (SEC). Dapper Labs attempted to get the court to dismiss the case, but Marrero denied the company’s motion. Marrero’s ruling simply allows the case to continue based on the judge...

Arbitrum has been on a record-creating spree. On Feb. 21, Watcher Guru reported that the layer 2 scaling solution eclipsed Binance Smart Chain on the DEX volume aspect. Now, another milestone has been achieved. According to on-chain data, the number of Arbitrum transactions reached 1.14 million on Tuesday. Notably, its number was higher than the Ethereum mainnet, which managed to settle only 1.05 million transactions. On February 21, the number of Arbitrum transactions reached 1.14 million, surpassing the Ethereum mainnet by 1.05 million and setting a record high. Optimism has about 180,000 transactions. According to Dune from @superamscom,https://t.co/R9Hh17W31Y — Wu Blockchain (@WuBlockchain) February 22, 2023 Also Read: Shiba Inu’s BONE Enters Top 100 for the First Time in History Commenting on the latest feat achieved, Steven Goldfeder, Co-Founder, and CEO at Offchain Labs—the firm behind Arbitrum—said, “We’re witnessing history ...

Most assets on the cryptocurrency market have been rallying since the beginning of 2023. However, Solana’s uptick has been more rapid in comparison. The token was one of the most severely impacted by the FTX collapse. In November 2022, it was trading at around $39. However, by the end of 2022, it had dropped to a low of $8. Since then, it has been recovering at a swift pace. A recent report from CryptoCompare revealed, “SOL was one of the best-performing assets in January, returning 140% as it closed the month at $23.9.” Most asset prices consolidated in February. However, Solana continues to make bullish strides. Take the last few days, for example. Since Feb. 13, SOL has risen by 32%. Dogecoin, the cryptocurrency right next to it on the rankings chart, has risen by only 11% in the same timeframe. SOL/USDT, DOGE/USDT by TradingView Also Read: Beyond Dogecoin : Twitter ‘Killer’ to Soon Launch Bitcoin Tipping Time for a Solana x Dogecoin flippening? As a...

According to new information from the crypto analytics company Messari, one layer-1 blockchain is outpacing Ethereum (ETH) in the non-fungible token (NFT) market. Solana (SOL), the second-largest position in the NFT industry based on secondary sales volume, is second only to the Ethereum smart contract platform, according to a Messari research. However, Solana is taking steps to challenge Ethereum’s hegemony in the third quarter. “Despite the bear market, Solana’s strategy and position in the NFT sector remain strong. Solana remains the second-largest network in terms of secondary sales volume, behind Ethereum, and is narrowing the gap. Though Ethereum still dominates roughly 80% of the secondary NFT market, Solana is closing the gap in sales volume. Ethereum’s dominance dropped from ~85% on average to ~80% over the quarter. Solana’s share rose from ~10% on average to just under 20%.” According to the research, Solana’s total use decreased in the sec...

Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears. FTX’s collapse dealt a major blow to the already fragile sentiment among cryptocurrency investors. Although a quick recovery is unlikely, Blockchain Analysis firm Chainalysis said that the crypto universe could emerge stronger from this crisis. Chainalysis’ research lead Eric Jardine arrived at the conclusion after comparing FTX’s fall to that of Mt. Gox. Another calming statement came from Bloomberg Intelligence exchange-traded fund analyst James Seyffart, who said that there was a “99.9% chance” that the Grayscale Bitcoin Trust (GBTC) held the Bitcoin it claimed. He added that GBTC was “unlikely” to be liquidated. The negative events of the past few days do not seem to have scared away the small investors who remain on an accumulating spree. According to blockchain analytics company Glassnode, the number of wallets holding at least o...