Blockchain
Onyx Creates a Community Based High-Quality Play to Earn Fight Game on Binance Smart Chain
New York, New York–(Newsfile Corp. – November 23, 2021) – Onyx, an NFT gaming platform, has unveiled its game that features several playable characters to wearable armors and usable inventory. It intends to make the playable character customizable with several battle classes that would allow players to navigate through the game’s mission to acquire experience points and levels.
Figure 1: Onyx creates a community based high-quality play to earn fight game on Binance Smart Chain
While other platforms don’t require gamers, Onyx is leveraging a reward system that allows players to earn money while having fun. The team behind the project tags the project as the most successful P2E ecosystem in the Cryptocurrency industry.
Spearheading the project is a team of over 30 experienced members in several fields, including marketing, designers, artists, Devs, and community mods. These members have worked in several projects such as BurningMoon, Fanadise, Football stars, Mustang, MurphyCat, and more. According to Fil, the CMO, “Project Onyx in its final form will be an open-world P2E game with a vast expanse of 7 continents, all of which will be developed in Unreal Engine 4 with cutting edge graphics.”
The success of its private presale and upcoming whitelist presale
Recently, it concluded its private sale of 250 BNB, which was filled within 24 hours without using a website. With no marketing campaign but leveraging the reputation of its team, it achieved this milestone. It plans to begin its whitelist presale with a hard cap of 750 BNB.
Nighty, the CDO emphasized how, “The team will be working tirelessly till launch day and beyond to make Project Onyx a resounding success.” Users can purchase the Onyx token on PancakeSwap.
The project name is an inspiration from the “Gem of Saturn” representing the ruler of the universal law of cause and effect.
Audited by CertiK and Dessert Finance
Onyx is set to be audited by CertiK, a globally-rated blockchain security audit company. CertiK specializes in auditing the transparency, fairness and security of the smart contracts, in line with ensuring the company fills the rules and regulations.
Meanwhile, it already has been audited by Dessert Finance, another very respective audited institute, along with getting itself published on the SkyNet Leaderboard as well.
About Onyx
Onyx is a community-driven token that uses the Binance Smart Chain as its blockchain network. It allows users and the community to buy tokens at a minimum fee while trading the token on several networks. Furthermore, it provides utilities essential for its long-term goal of staking and NFTs. Currently, it is working to achieve its Q4 in its roadmap.
The primary utility of the project is to enable players to earn while playing video games on the blockchain. In addition, it also allows users to level up their fantasy and play with friends.
Twitter: https://twitter.com/OnyxTokenBSC
Telegram: https://t.me/ProjectOnyx/
Facebook: https://www.facebook.com/Project-Onyx-105348621946501/
Instagram: https://instagram.com/onyx_token/
Media contact
Company: Onyx Token
Contact Name: Micha (CEO)
E-mail: [email protected]
Website: https://onyxtoken.net/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104866
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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