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Formula One Launching Blockchain Game ‘F1 Delta Time’

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Formula One, the Fédération Internationale de l’Automobile’s highest class of single-seater auto racing allowed, will see its owners, Liberty Media, launch a blockchain-based game in an effort to bring in a younger, more tech-oriented subset of fans. 


The game will come from Hong Kong-based gaming firm Animoca Brands and will be titled F1 Delta Time.

Non-Fungible Fun Time

F1 Delta Time will make use of non-fungible tokens (NFTs) as collectible elements. NFTs are a specific type of blockchain-based token that is verifiably unique and owned entirely by owner, who has the sole ability to sell, use, or trade it. For example, a player might own a car with unique characteristics or abilities that no other player owns, and the holder may decide to use it, sell it, or trade it. According to a report from Forbes, “all cars, drivers and components in the game are NFTs.”

Furthermore, all of the games NFTs “have special race day attributes that increase the chances of winning races and are produced in limited quantities as determined by their level of rarity.”

The game will launch in the near future, on May 10.

formula one

Brand Power

Formula One is one of the world’s most recognizable sporting brands, and its new blockchain-based game will almost certainly draw some level of attention to the increasingly-less-nascent technology. 1.6 billion viewers tune in to Formula One races, while 4.1 attend in person, according to Animoca. “Securing a partnership to make blockchain games with Formula 1 – one of the most recognized brands in sport – is a notable achievement,” Yat Siu, the company’s co-founder and chairman told Forbes. “We will leverage Formula 1’s considerable global reach to drive product uptake and revenue growth as together we seek to increase consumer exposure to Blockchain.”

The move from Formula One comes amid a declining audience in the sport’s most popular regions.

What do you think of F1 Delta Time? Will you play? Let us know your thoughts in the comments below! 


Images courtesy of Shutterstock.

The Rundown

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Altcoin News

Verge (XVG) Releases Revised Blackpaper and New Codebase

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The group at Verge (XVG) have ushered within the New Year with two new bulletins this previous week. The first one being that they’ve launched the 5th model of the venture’s black-paper. The 2d announcement that was once made through the group at XVG was once that the Verge 5.0 Codebase is to be had on Github for Alpha checking out.

New Verge Blackpaper

The term black-paper was once first of all used to outline a chain of articles on British schooling revealed from 1969 to 1977. Their title was once meant to distinction the federal government issued white papers on the time. A white paper is an authoritative information or document that informs the reader a couple of complicated factor.

In the case of cryptocurrencies, maximum initiatives factor white papers that provide an explanation for to customers and traders of the virtual asset, at the long term plans of the venture. The group at Verge made up our minds to seek advice from their detailed document as a black-paper.

The 5th model of the blackpaper is available online and highlights the present and long term plans of the XVG community. Of specific passion within the new blackpaper, is the detailed clarification of TOR integration, I2P integration, the usage of the Electrum pockets, Atomic Swaps (cross-chain buying and selling) and Rootstock integration (aspect chains for sensible contracts).

Alpha Release of the Verge Codebase

The Alpha version of the fifth Verge Codebase is recently available on Github. This model is recently simplest to be had to builders and goals at checking out vulnerabilities in addition to figuring out insects prior to beta/public unlock.

The group at Verge made up our minds to rebase the XVG code to that of Bitcoin after the community was once hacked more than one occasions mid final 12 months. This was once geared toward making the community extra safe and no more liable to assaults. The rebasing incorporated the addition of options distinctive to XVG akin to stealth addressing and Tor.

The group had additionally clarified that the brand new codebase didn’t have the BTC safety computer virus that were recognized in early October final 12 months. The team explained:

We already took our time to analyze this factor inside our newest codebase and we got here to the realization that we aren’t liable to this sort of assault. As added safety, we’re going to come with the bitcoin repair into our new codebase as neatly.

What are your ideas at the fresh trends within the Verge cryptocurrency venture? Please tell us within the remark phase underneath. 

Disclaimer: This article isn’t intended to offer monetary recommendation. Any further opinion herein is solely the writer’s and does now not constitute the opinion of Ethereum World News or any of its different writers. Please perform your individual analysis prior to making an investment in any of the a large number of cryptocurrencies to be had. Thank you.

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Analyst: Bitcoin May Have Another 100 Days of Accumulation

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For the past twenty days cryptocurrency markets have hold on to gains and formed new trading ranges. In terms of total market capitalization this is between $170 and $185 billion with Bitcoin holding above $5,000. More analysts, using previous chart patterns as a guide, are of the opinion that this consolidation could continue for several more months.Maybe Months of More AccumulationBy comparing the weekly chart from 2015 one crypto analyst has notice that we may be trading a very similar moving average formation at the moment. Looking specifically at the 50 week moving average there was an initial bounce off of that back in 2015, then a further 105 days of accumulation when Bitcoin pulled back again.Only when BTC retested the 50 MA and broke through it did the bull run start in full. This happened in October after the initial test in July. A similar scenario in 2019 may play out if Bitcoin does not break resistance at the 50 MA. Looking at the weekly charts on TradingView shows that it could test this level at the end of April.A bounce back from that could see BTC drop back into the low $4,000s and remain there until around August when it moves back up to the previous resistance level.$BTC #bitcoin Weekly 2015 VS. 2019 – see how we “may” be trading a similar pattern and moving average formation!See red arrows for previous patterns in 2015, versus 2019 on the last pic. Also, a possible trend reversal and Bull run in 105 days (approx, bro science calculation) pic.twitter.com/JN9EeBRUPU— @CryptoChartsJoe (Get Your Money Right) (@CryptoChartsJoe) April 21, 2019
This sentiment has been echoed by a number of chart analysts who have predicted a breakdown at the end of the current rising wedge on the four hour chart. GalaxyBTC, a popular trader on twitter, has called for a correction back to $4,600 before any further moves higher;Based on this daily fractal we should get another chance to buy $BTC at $4600-$4800 levels before the next run to $6800.Similarities in both candles and volume. pic.twitter.com/IGivErxz5Q— Galaxy (@galaxyBTC) April 20, 2019
Bitcoin and Altcoins At ResistanceAll crypto assets (aside from Binance Coin) seem to be hitting heavy resistance right now. Markets are currently in the red as Bitcoin pulls back from weekly highs at $5,350. Using altcoin market capitalization the ‘CryptoDog’ has noticed a retracement in most of the altcoins while Bitcoin holds just below the major resistance point at $5,400;$ALTS at resistance, $BTC at resistance pic.twitter.com/ylFHojEpph— The Crypto Dog📈 (@TheCryptoDog) April 20, 2019
At the time of writing crypto markets had dropped over 2 percent on the day which equated to $4 billion. Most of this has been lost by altcoins as Bitcoin has remained at its current level, increasing market dominance to almost 53 percent. This is the highest it has been for several months.On the week markets are back at the same level which is around $177 billion in market cap. The next week will be critical for further upsides but all indicators now are suggesting a larger pull back before any real trend reversal can be measured.Bitcoin volatility is at a two year low and slow and steady accumulation seems to be driving market movements at the moment. This could well continue for the next three months or so if charts mirror markets in previous years.Image from Shutterstock

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Overstock’s tZERO Trading Platform to Go Live This Month

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The CEO of Overstock.com, Patrick Byrne, knowledgeable the crypto and making an investment communities that the extremely expected tZERO safety buying and selling platform will move reside by means of the tip of subsequent week. Mr. Byrne equipped this data to Coindesk and said that the buying and selling platform used to be able for release however they wanted a couple of extra days to procedure consumer signups.

He added:

But by means of the tip of the following week we can be turning the buying and selling gadget reside.

It’s a large second for us — 4 years within the making.

The January release of tZERO is in step with the road-map given again in December by means of the president of Medici Ventures, Jonathan Johnson. Mr. Johnson had said that the buying and selling platform would move reside in January of this 12 months. Medici Ventures is the blockchain subsidiary of Overstock. Its CEO on the time, Stephen Hopkins had added the next on the subject of their imaginative and prescient,

We wish to do extra than simply provide an explanation for what blockchain programs can also be. We wish to display other folks how wonderful blockchain is by means of launching blockchain merchandise. When other folks can use a product, they’re part the way in which up the training curve of what blockchain is. And now they in truth care the way it works.

Stephen Hopkins is now tZERO’s president because the platform prepares to have its local safety token indexed with the release. Mr. Bryne additionally informed Coindesk that there shall be extra tokens at the change. The company is lately speaking to 60 other corporations. One such corporate is Elio Motors that could be the following company to have its token indexed at the platform. Elio Motors produces gentle three-wheeled vehicles and has a project to revolutionize the car business.

The tZERO website additional explains how the buying and selling platform will paintings:

tZERO Completes Issuing its Security Tokens to Investors

Only ultimate week, tZERO announced that it had finished distribution of its safety tokens to traders who took phase in its securities token providing (STO) that  was carried out from December 2017 to August 2018. The tokens had been issued to traders who had absolutely carried out Simple Agreements for Future Equity (SAFEs).

What are your ideas on tZERO going reside subsequent week? Will it bring in a brand new generation of Securities Token Offering and the buying and selling of the respective virtual asset elegance? Please tell us within the remark phase beneath. 

Disclaimer: This article isn’t supposed to provide monetary recommendation. Any further opinion herein is solely the creator’s and does now not constitute the opinion of Ethereum World News or any of its different writers. Please perform your personal analysis ahead of making an investment in any of the a lot of cryptocurrencies to be had. Thank you.

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Bitcoin News

Crypto Market Wrap: Altcoins Start to Slide While Bitcoin Holds Gains

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Crypto markets falling back once again; EOS, Litecoin, BSV, Ethereum Classic and BAT getting dropped.Market WrapAnother minor pull back has occurred as crypto markets retreat from weekend gains this Monday morning. Losses are primarily from altcoins as total market capitalization drops back below $180 billion again but remains in its range bound channel.Bitcoin has dropped back from its intraday high of $5,350 but only marginally. At the time of writing it is hovering just below $5,300 with a daily volume of $14 billion. Markets are currently being held up by BTC as all of the altcoins have fallen back; consequently dominance is back up to its two month high of 52.7 percent.Ethereum has fallen a couple of percent and is back at $170 again. There seems to be nothing driving ETH markets at the moment so it too has remained range bound in this sideways channel.The top ten is all red during the morning’s Asian trading session. EOS and Litecoin have lost the most at 5 – 6 percent on the day falling back to $5.17 and $76 respectively. Bitcoin Cash and Cardano not far behind while Binance Coin remains unchanged on the day at $24.A sea of red in the top twenty signals more gains here. Bitcoin SV, Ethereum Classic and Ontology are dropping the most with losses of 4 – 6 percent. The rest are not far behind as all altcoins lead markets lower today.FOMO: Factom FlyingAt the top of the big one hundred is Factom which has jumped 7.5 percent to reach $9.75. Volume for this low supply altcoin has surged over 200 percent to $270 million and Poloniex is taking around half of that trade. According to the Reddit stream an official document talking about FCT recently appeared on a Chinese government website. There is little else that could be driving momentum at the moment.There are no other altcoins in the top one hundred performing well today but DigixDAO and Nano are both up four percent or so. Getting dropped like a hot rock is Crypto.com Chain dumping 12 percent and BAT dropping 11 percent.Total market cap 24 hours. Coinmarkercap.comTotal crypto market capitalization has shrunk by $3 billion back to $177 billion. Daily volume has remained high though at $46 billion which indicates that the consolidation could continue. Markets have been range bound since the beginning of the month when over $30 billion was pumped back in.Levels are back at the same place they were last Monday and have been in this $12 billion wide channel for over a week. Bitcoin’s market dominance is the only thing that has risen over the past 24 hours.Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

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Bitcoin (BTC) Darknet Transactions Doubled In 2018: Why This Is Bullish

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Crypto Darknet Transactions Boomed In 2018

Since Bitcoin (BTC) burst onto the worldwide degree in 2009, the cryptocurrency, identified for its decentralized, immutable, censorship-resistant, pseudonymous, and without borderlines nature, has change into a medium for transactions of all shapes and dimension. And identical to U.S. greenbacks and different government-issued currencies, BTC has discovered use instances in illicit transactions. Whether or not it’s buying questionable items or another way, the flagship cryptocurrency has discovered a spot.

Per a up to date document by means of the way in which of Reuters, which cited knowledge collected by means of Chainalysis, a number one blockchain knowledge analytics consortium, Bitcoin-related transactions on darknet markets, which give pretend IDs, over the counter medication (leisure), amongst different articles of contraband, have risen dramatically since January 2018. This rally in darknet-related transactions comes as BTC fell from an all-time prime of $20,000 to a once a year low of $3,150 in late-December.

It isn’t transparent how the analytics workforce, which is ceaselessly hired by means of governmental companies to weed out unhealthy actors, discerned ‘normal’ transactions from the ones questionable, however Chainalysis printed that $2 million in keeping with day value of BTC had been routed throughout the darknet’s peer-to-peer marketplaces. Overall, $600 million used to be spent on darknet markets during 2018, in comparison to $700 million in 2017. While the decline in transaction worth may well be observed in a detrimental mild, bearing in mind BTC fell by means of over 70% inside of the similar time frame, a 14.3% drop is rather mere.

Kim Grauer, a senior economist at Chainalysis, chalked the slight decline in darknet transactions to the closure of AlphaBay and Hansa, two “major markets,” in mid-2017, which purportedly stunted flows into early-2018.  Grauer added:

The reason why for that drop is extra regulation enforcement process… It could be deceptive to assume that this yr it (the amount) will cross down.

Why This Stat Is Bullish For Bitcoin

So you will be gandering on the identify and considering, why is that this non-innocuous statistics an constructive signal for BTC and the wider cryptocurrency marketplace/sector?

Well, let me provide an explanation for. Although I don’t accept as true with (a lot of) what is going on by means of the darknet, the upward thrust in ‘illicit’ transactions underscores a forward-thinking, bullish Bitcoin pattern. More in particular, the enormous expansion of Bitcoin’s underlying multi-faceted basics during 2018. So make no mistake, whilst the cave in in value is harrowing, persons are nonetheless the usage of BTC in transactions, now not simply natural hypothesis.

Per earlier experiences from Ethereum World News, knowledge compiled by means of Jameson Lopp, the manager generation officer of Casa, accentuated that from a elementary viewpoint, 2018 used to be Bitcoin’s very best yr but. Hashrate doubled, whilst a cumulative $410 billion in worth used to be transacted at the “world’s most secure transactional settlement layer.” Bitcoin’s scaling answers additionally noticed notable ranges of adoption. SegWit, a non permanent, ‘bandaid-esque’ answer that squeezes extra transactions into blocks, noticed use swell from 10% to 40% over 2018. The Lightning Network, a long-term scaling answer that takes benefit of off-chain ledgers to facilitate successfully unfastened, low value, scalable, immutable, and personal transactions, swelled to 500+ BTC capability.

And whilst 2019-specific statistics are scant and tough to come back by means of, initial knowledge signifies that the next 12 months will proceed to peer the flagship cryptocurrency & blockchain community proceed to achieve traction. This isn’t baseless hypothesis. Per our previous reports, Coinstar, a North American kiosk supplier with tens of hundreds of choices around the U.S. & Canada, just lately joined fingers with Coinme, a Bitcoin ATM upstart, to put in force their services and products into Coinstar’s terminals. Now, over 20,000 kiosks should buy BTC with their spare exchange.

Title Image Courtesy of Noah Silliman Via Unsplash

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