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Vitalik Buterin discusses the evolution of glue and coprocessor architectures, highlighting their significance in modern computation, Ethereum, AI, and cryptography. (Read More)
Immutable (IMX) teams up with GRAMPUS CWC to bring innovative Web3 games to the Immutable zkEVM platform, advancing digital ownership in gaming. (Read More)
Immutable (IMX) and MARBLEX announce a strategic partnership, aiming to revolutionize Web3 gaming, as discussed at Korea Blockchain Week. (Read More)
On-chain data shows three altcoins are observing a high transaction activity from the whales after the US Federal Reserve (Fed) announced a rate cut. Whale Transaction Count Has Spiked For These Altcoins Recently In a new post on X, the on-chain analytics firm Santiment has discussed the Whale Transaction Count trend for three altcoins. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of transactions taking place on a given cryptocurrency network that involves a value of more than $100,000. Transfers of this scale are typically associated with whales, the largest entities on the network, so the indicator’s value can provide hints about the current activity from this cohort. Related Reading: Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000 When the value of this metric is high, it means the whales are making a large amount of moves right now. Such a trend implies these humongous holders have an active interest in trading the coin. On the other hand, the indicator having a low value suggests this group may not be paying too much attention to the asset at the moment as they aren’t making that many transfers. Now, here is a chart that shows the trend in the Whale Transaction Count for three altcoins, Immutable X (IMX), Fantom (FTM), and Basic Attention Token (BAT), over the last few weeks: As displayed in the above graph, large spikes in the Whale Transaction Count have been observed for all of these altcoins over the last couple of days. This would suggest that the whales have suddenly become very active on these networks. The timing of the spikes would mean this activity is likely related to the interest rate cut announced by the Fed. While the high values indicate a surge in trading interest from the whales, the Whale Transaction Count alone can’t tell us what sort of trades these humongous investors are making exactly. Buying and selling transactions both look the same from the perspective of the indicator, and thus, carry the same weightage in its count. What can provide hints about whether accumulation or distribution is dominant, though, is the surrounding price action. Bitcoin and the altcoins as a whole, including Immutable X and company, have surged since the Fed announcement, so the increased whale activity could be associated with buying. Related Reading: Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes Naturally, any further spikes in whale activity aren’t necessary to be bullish, but Santiment notes that if Bitcoin and others continue to grow, then these altcoins can also thrive off a high Whale Transaction Count. IMX Price Immutable X has continued the latest bullish push during the last 24 hours with another surge of almost 10%, which has taken its price to $1.58. The below chart shows how the recent performance of IMX has been like. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Bhutans experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.
Bhutn, smll Himlyn ntion, hs surprisingly surpssd El Slvdor in Bitcoin holdings, bcoming notbl plyr in th cryptocurrncy world. A rcnt rport by Arkhm Intllignc, n on-chin nlytics pltform, rvld tht Bhutn owns 13,029 BTC, worth round $758 million. This is th first tim Bhutn’s significnt Bitcoin rsrvs hv bn publicly idntifid. Arkhm […]
Using technologies like Nostr and Chaumian ecash, the Financial Anarchist challenges the status quo, aiming to reclaim economic sovereignty and disrupt centralized financial power through Bitcoin.
Bhutans growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nations renewable energy resources.
Bhutan's $750M Bitcoin holdings from mining operations by Druk Holdings are now labeled on Arkham, making it the 4th largest government with BTC holdings. (Read More)
Learn how to fund your Immutable (IMX) Passport for purchasing in-game assets on Immutable X and zkEVM chains with this detailed guide. (Read More)
Immutable (IMX) records significant growth with 2M Passport signups, new gaming titles, and expansion into Japan in July 2024. (Read More)
The partnership not only boosts GOGs player base but also reinforces YGG's influence in web3 gaming, especially in the Philippines.
Learn how to bridge tokens across different chains using the Immutable (IMX) Toolkit, now integrated with Squid for enhanced functionality. (Read More)
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the regions relatively low electricity costs
Discover the transformation of gaming through Web3 as Immutable (IMX) Ambassadors share their journeys and insights, highlighting the benefits of true asset ownership. (Read More)
Immutable (IMX)'s integration with Fireblocks will enhance digital asset management for games, builders, and DeFi projects, offering global access to Immutable zkEVM. (Read More)
Immutable teams up with Fireblocks to secure asset management for Web3 games, NFTs and DeFi projects within its ecosystem.
In this episode of Cointelegraphs Hashing It Out, host Elisha Owusu Akyaw confronts the realities of Web3 hiring with Pedro Oliveira, co-founder and CEO of Talent Protocol.
Immutable has wound down its NFT marketplace to allow marketplaces within its ecosystem to flourish.
The Exodus Passkeys Wallet allows users to set limits on transactions while ensuring that users have full control over their assets.
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