Cardano’s Vasil hard fork proposal submitted: Countdown commences

Cardano (ADA) blockchain developer Input Output Hong Kong (IOHK) has submitted an update proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade. The Vasil upgrade is slated to bring “significant performance and capability upgrades” to the blockchain, with IOHK describing the fork as the “biggest and best … Read more

Avalanche (AVAX) price drops 45% in a month and data points to further downside

Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the … Read more

GameFi continues to grow despite crypto winter: DappRadar report

Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published on Tuesday. The report looked at healthy ecosystems and investments coming into the GameFi and metaverse markets. Several projects were covered in detail in the report, which outlined their continued success and growth. Splinterlands, Illuvium, Galaverse and STEPN have continued … Read more Plans to Provide an NFT Domain Name to 83 Million Wallet Users – Blockchain Bitcoin News has announced it has partnered with the Web3 digital identity platform and NFT domain name provider Unstoppable Domains in order to launch .blockchain NFT domains. The company says that in the next few weeks, 83 million wallet users will get a free .blockchain domain. Partners With Unstoppable Domains — Firms Launch 1st … Read more

Metaverse tokens up 400% year on year despite altcoin bloodbath

Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. … Read more

Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data – Blockchain Bitcoin News

On June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather data. Accuweather Exec Believes … Read more

Lost SOL? Persistent challenges continue to impact Solana price

The past thirty days have been an extremely bearish time for cryptocurrencies. The sector’s aggregate market capitalization plunged 33% to $1.31 trillion and Solana’s (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51. Solana/USD price at Coinbase (blue) vs. altcoin capitalization (orange). Source: TradingView The network … Read more

Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase.  According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.5 billion, surging by 23% from March, breaching the $6 billion mark only for the third time in its history. … Read more