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MetaMask cites ‘global south’ for its 5x increase in users

The wallet service and browser extension has seen its active monthly users grow five times since October 2020.

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MetaMask, the Ethereum wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications. 

The sharp increase in adoption came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market.

The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months:

MetaMask’s remarkable growth trajectory over the past six months. Chart: ConsenSys

Interestingly, MetaMask adoption has surged in the so-called “global south” — a phrase that describes emerging economies in Asia, Africa and South America. MetaMask mobile adoption has been especially pronounced in Vietnam and Nigeria. As Cointelegraph recently reported, Nigeria has emerged as a major center for cryptocurrency adoption as more of its citizens utilize Bitcoin (BTC) and other digital assets to escape inflation and navigate capital controls.

ConsenSys further explained its growing popularity in emerging economies:

“Increasingly, these people use MetaMask to earn a supplemental income or to make long-term investments. Many are unable to access their local banking system and thus need alternative technology to act as a savings account.” 

MetaMask was initially released in 2016 before undergoing several major upgrades. The wallet service surged in popularity during the height of the DeFi boom in 2020, as more investors used it to fund their token purchases.

MetaMask helped to facilitate the growth of not only decentralized finance but decentralized exchanges as well. These were the venues for finding low-cap altcoin gems not yet available on major exchanges such as Coinbase, Kraken or even Binance.

DeFi remains one of the hottest trends in the cryptocurrency market, with a total value locked of around $114 billion. TVL peaked above $123 billion earlier this month, according to industry data.

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Source: https://cointelegraph.com/news/metamask-cites-global-south-for-their-5x-increase-in-users

Blockchain

Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token

Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are laun

The post Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token appeared first on AMBCrypto.

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Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are launched almost every day. There has been, however, a lot of talk about the quality of these. While most have led in their implementation of the new technology, few have provided players with fully immersive experiences.

Illuvium is an Ethereum-based game that promises to deliver on this end. Its open-world fantasy RPG format and crisp 3D graphics have led some to call it the first AAA blockchain game. For many, it represents a steep improvement from the current 2D projects that populate the space.

Players of Illuvium are launched to a vast multi-region landscape in search of creatures known as Illuvials. These 3D monsters are designed by some of today’s leading artists and can be owned by players after defeating them in battle. Every captured Illuvial becomes part of the player’s roster and can then be used to fight other creatures.

More importantly, all Illuvials are NFTs with a finite supply. This gives each creature a unique value that players can then trade for ETH on the Illuvium Exchange.

The game recently launched its native ILV token on May 3rd with USDT and BTC pairs on Bitcoin.com Exchange. This in-game currency is earned through game achievements and gives players participation in Illuvium’s DAO governance mechanism.

A supply of 10 Million ILV has been allocated to the game’s flash pools, rewards, liquidity pools, treasury, launchpad seed, pre-seed capital, and the game’s 40-person professional development team. 

Bitcoin.com Exchange CEO Danish Chaudhry has shared his outlook on the project. “Entering the AAA gaming space is no small task, becoming the first AAA blockchain video game is just another step in the right direction for the industry. Illuvium is addressing some of the most pressing challenges in the gaming industry, including scalability or a lack of detailed artwork.”

As one of the most popular trading platforms, Bitcoin.com counts with more than 500K active traders per month. The exchange will give ILV holders access to a secure trading environment with high liquidity, 24/7 multilingual support, and dozens of other trading pairs.

Besides Bitcoin.com Exchange, other early backers of Illuvium include influential blockchains investment firms such as Quantstamp and Moonwhale.

Disclaimer: This is a paid post and should not be treated as news/advice

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Source: https://ambcrypto.com/bitcoin-com-exchange-lists-first-aaa-blockchain-game-illuviums-ilv-token

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Vitalik Buterin Donates Over $1 Billion worth of SHIB to India Covid Relief Fund 

Ethereum creator donates $1 billion worth of meme coins to India

Ethereum creator donates $1 billion worth of meme coins to IndiaVitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax,  donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities. He contributed on Wednesday by offloading massive amounts of dog-themed meme tokens. Is Buterin Shipping Out SHIB Buterin contributed 50 trillion

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Vitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax,  donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities. He contributed on Wednesday by offloading massive amounts of dog-themed meme tokens.

Is Buterin Shipping Out SHIB

Buterin contributed 50 trillion SHIB tokens worth $1.2 billion in a single transaction as of May 12 to the India Covid Relief Fund formed by Indian entrepreneur Sandeep Nailwal. Nailwal is popularly known as the co-founder and COO of Polygon, a protocol that aggregates scalable solutions on Ethereum in a multi-chain system.

After the donation, Nailwal took to Twitter to thank Buterin. He assured SHIB investors the funds would be used responsibly.  He added that they would not engage in activities that hurt any community, especially the retail community involved with SHIB.

Marked Donations

A few weeks ago, Buterin donated almost $600,000 in ether and maker (MKR) tokens to the fund. 

Other significant donations worth millions of dollars include gifts to Methuselah Foundation, which focuses on extending the human lifespan, GiveWell, a non-profit charity evaluator,  and Machine Intelligence Research Institute, targeting the development of safe artificial intelligence (A.I.) technologies.

Back in April, anonymous developers of SHIB announced they had gifted half all SHIB in circulation to Vitalik.  They did this to legitimize the token and protect the circulation. However, most people suspected that this was likely a publicity stunt. The tokens were gifted to Buterin on the account that he would not sell them.

Rugging The Dogs

If you’re the developer of SHIB, you would possibly hope you could sell most of your holdings while the price was high, basically, a pump and dump. You could also expect Vitalik would choose not to sell out his goodness or respect for your currency’s future. That’s not what happened.

The dog-themed race up the cryptocurrency charts came to an unexpected end on May 12. Buterin’s actions have significantly affected the prices of the tokens. Coinbase established that Shiba Inu tumbled by 36%, Dogelon Mars is down 65%, and Akita Inu is down more than 50% in just a couple of hours as of press time.

This development will make donations received by the charities to be much less than the intended amounts.

Buterin still holds over $1 billion in ether. However, he had transferred virtually all of his holdings to another address right before making the donations in one of the biggest-ever individual philanthropy efforts.

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Source: https://btcmanager.com/vitalik-buterin-1-billion-shib-india-covid-relief-fund/

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Blockchain

Vitalik Buterin Donates Over $1 Billion worth of SHIB to India Covid Relief Fund 

Ethereum creator donates $1 billion worth of meme coins to India

Ethereum creator donates $1 billion worth of meme coins to IndiaVitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax,  donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities. He contributed on Wednesday by offloading massive amounts of dog-themed meme tokens. Is Buterin Shipping Out SHIB Buterin contributed 50 trillion

Read More

Avatar

Published

on

Vitalik Buterin, the Russian-Canadian founder of Ethereum and vocal proponent of a wealth tax,  donated Ethereum and “meme coins” worth over $1billion to India’s Crypto Covid Relief Fund and a range of other charities. He contributed on Wednesday by offloading massive amounts of dog-themed meme tokens.

Is Buterin Shipping Out SHIB

Buterin contributed 50 trillion SHIB tokens worth $1.2 billion in a single transaction as of May 12 to the India Covid Relief Fund formed by Indian entrepreneur Sandeep Nailwal. Nailwal is popularly known as the co-founder and COO of Polygon, a protocol that aggregates scalable solutions on Ethereum in a multi-chain system.

After the donation, Nailwal took to Twitter to thank Buterin. He assured SHIB investors the funds would be used responsibly.  He added that they would not engage in activities that hurt any community, especially the retail community involved with SHIB.

Marked Donations

A few weeks ago, Buterin donated almost $600,000 in ether and maker (MKR) tokens to the fund. 

Other significant donations worth millions of dollars include gifts to Methuselah Foundation, which focuses on extending the human lifespan, GiveWell, a non-profit charity evaluator,  and Machine Intelligence Research Institute, targeting the development of safe artificial intelligence (A.I.) technologies.

Back in April, anonymous developers of SHIB announced they had gifted half all SHIB in circulation to Vitalik.  They did this to legitimize the token and protect the circulation. However, most people suspected that this was likely a publicity stunt. The tokens were gifted to Buterin on the account that he would not sell them.

Rugging The Dogs

If you’re the developer of SHIB, you would possibly hope you could sell most of your holdings while the price was high, basically, a pump and dump. You could also expect Vitalik would choose not to sell out his goodness or respect for your currency’s future. That’s not what happened.

The dog-themed race up the cryptocurrency charts came to an unexpected end on May 12. Buterin’s actions have significantly affected the prices of the tokens. Coinbase established that Shiba Inu tumbled by 36%, Dogelon Mars is down 65%, and Akita Inu is down more than 50% in just a couple of hours as of press time.

This development will make donations received by the charities to be much less than the intended amounts.

Buterin still holds over $1 billion in ether. However, he had transferred virtually all of his holdings to another address right before making the donations in one of the biggest-ever individual philanthropy efforts.

Related posts:

Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://btcmanager.com/vitalik-buterin-1-billion-shib-india-covid-relief-fund/

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BTC, ETH, XRP, AVA, CHZ, XMR, DGB—Technical Analysis May 13

Bitcoin (BTC) has decreased considerably but bounced at the $48,000 area. Ethereum (ETH) is approaching a long-term resistance level.

The post BTC, ETH, XRP, AVA, CHZ, XMR, DGB—Technical Analysis May 13 appeared first on BeInCrypto.

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Bitcoin (BTC) has decreased considerably but bounced at the $48,000 area. 

Ethereum (ETH) is approaching a long-term resistance level.

XRP (XRP) has broken out from a descending resistance line.

Travala (AVA) is following an ascending support line.

Chiliz (CHZ) is trading inside a long-term descending parallel channel.

Monero (XMR) reached a new all-time high price on May 7 but has been decreasing since.

Digibyte (DGB) has returned to the $0.01 support area.

Bitcoin (BTC)

BTC decreased considerably on May 12, falling to a low of $48,000. The decrease continued into the early hours of May 13.

While the price reached a low of $46,000, it has since bounced back and reclaimed the $48,000 area.

BTC is in the process of creating a hammer candlestick, which is normally considered a bullish reversal sign.

However, it’s possible that the price will eventually make another low before moving upwards once more.

BTC Movement
BTC Chart By TradingView

ETH/BTC

ETH/BTC has increased considerably over the past seven weeks. However, it’s approaching a crucial resistance level at ₿0.082, created by the 0.618 Fib retracement level. In addition, it’s a horizontal resistance area created by the highs of April 2018.

While the trend is clearly bullish, some type of rejection is to be expected if it reaches this resistance.

The ETH/USD pair is also likely nearing a local top.

ETH/BTC Long-Term
ETH Chart By TradingView

XRP/BTC

XRP had been following a descending resistance line since September 2018. On April 10, it managed to break out and then validated it as support afterward (green arrow).

Prior to the breakout, the token also reclaimed the 1,600 satoshi horizontal area.

Technical indicators are bullish, supporting the continuation of the upward movement. This is especially visible by the MACD movement above the 0-line and the bullish cross in the Stochastic oscillator.

The next closest resistance area is found at 4,200 satoshis.

XRP/USD is also expected to continue increasing.

XRP Breakout
XRP Chart By TradingView

Travala (AVA)

AVA began a downward movement on April 14 after it reached an all-time high price of $6.46. On April 23, it reached a low of $3.30 before bouncing. The low was made right at a long-term ascending support line that had been in place since January 2021.

The movement off the lows does look like the beginning of a new impulse (highlighted in green).

There is strong support at $4.25, created by the 0.618 Fib retracement level and the long-term ascending support line.

Therefore, the price is likely to bounce near this level and move upwards. A breakout above the short-term descending resistance line (dotted) could confirm that the price is heading higher.

AVA Ascending Support
AVA Chart By TradingView

Chiliz (CHZ)

CHZ has been moving downward since reaching an all-time high price of $0.944 on March 12. Since then, it has been trading inside a descending parallel channel.

Currently, it’s in the lower portion of this channel and has been there since being rejected by the midline on April 29.

Despite technical indicators being neutral, parallel channels usually contain corrective movements.

Therefore, an eventual breakout from this pattern would be likely after another retest of the support line.

CHZ Channel
CHZ Chart By TradingView

Monero (XMR)

XMR reached a new all-time high price of $518.67 on May 7. It’s currently in the process of potentially creating a bearish engulfing candlestick on the weekly time frame.

However, it’s still trading near the $400 area, which is the closing price of the previous all-time high level.

In addition, technical indicators are bullish.

Therefore, XMR is expected to bounce near this level and begin to move upwards.

XMR Weekly
XMR Chart By TradingView

Digibyte (DGB)

DGB has been decreasing since May 1, when it reached a high of $0.184. So far, it has moved downwards by 40%.

On May 13, it reached the $0.10 support area, which is the 0.618 Fib retracement level.

However, the bounce has been weak and technical indicators do not show any signs of a reversal.

A breakdown below this level could trigger a sharp drop.

DGB Movement
DGB Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Source: https://beincrypto.com/btc-eth-xrp-ava-chz-xmr-dgb-technical-analysis-may-13/

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