On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges. Of that total, $206 million in liquidations occurred on March 2 alone.
In the past 24 hours, 65 cryptocurrency derivative exchanges recorded a trading volume of $171 billion, which represents a 21.85% change from the previous day. Throughout February, the trading volume and open interest for bitcoin futures increased, reaching a total of $791 billion, with Binance accounting for $468 billion of that amount.
On Feb. 21, 2023, the total open interest in bitcoin futures peaked at $9.73 billion, but it has since decreased to $9.06 billion as of March 2. BTC’s price had stayed above the $23,000 threshold for approximately seven days leading up to March 2.
However, on Thursday, the price plummeted to a low of $22,259 per coin. Prior to the drop, there were many long positions, and according to statistics from Coinglass, 78,116 traders were liquidated when the price fell at 8 p.m. Eastern Time. The total liquidations since the price change amount to $237.97 million, with the largest liquidation occurring on Okx.
On March 2 alone, $206 million worth of liquidations occurred, with 90% of the positions being long. According to Coinglass, a BTC/USD swap on Okx had a value of approximately $4.16 million. Binance, Bybit, and Okx experienced the most liquidations in the past 24 hours, followed by Huobi, Coinex, and Deribit.
On March 2, there were $9.2 million in short positions betting against BTC’s value rising. The liquidations on March 2 were nearly as high as the number of long liquidations that occurred on Feb. 8 when $254 million in long positions were wiped out. The March 2 liquidations more closely matched those on Jan. 17, which saw $190 million in long positions liquidated.
What do you think caused the recent drop in Bitcoin’s price and how do you think it will impact the future of the cryptocurrency market? Share your thoughts in the comments below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges. Of that total, $206 million in liquidations occurred on March 2 alone.
In the past 24 hours, 65 cryptocurrency derivative exchanges recorded a trading volume of $171 billion, which represents a 21.85% change from the previous day. Throughout February, the trading volume and open interest for bitcoin futures increased, reaching a total of $791 billion, with Binance accounting for $468 billion of that amount.
On Feb. 21, 2023, the total open interest in bitcoin futures peaked at $9.73 billion, but it has since decreased to $9.06 billion as of March 2. BTC’s price had stayed above the $23,000 threshold for approximately seven days leading up to March 2.
However, on Thursday, the price plummeted to a low of $22,259 per coin. Prior to the drop, there were many long positions, and according to statistics from Coinglass, 78,116 traders were liquidated when the price fell at 8 p.m. Eastern Time. The total liquidations since the price change amount to $237.97 million, with the largest liquidation occurring on Okx.
On March 2 alone, $206 million worth of liquidations occurred, with 90% of the positions being long. According to Coinglass, a BTC/USD swap on Okx had a value of approximately $4.16 million. Binance, Bybit, and Okx experienced the most liquidations in the past 24 hours, followed by Huobi, Coinex, and Deribit.
On March 2, there were $9.2 million in short positions betting against BTC’s value rising. The liquidations on March 2 were nearly as high as the number of long liquidations that occurred on Feb. 8 when $254 million in long positions were wiped out. The March 2 liquidations more closely matched those on Jan. 17, which saw $190 million in long positions liquidated.
What do you think caused the recent drop in Bitcoin’s price and how do you think it will impact the future of the cryptocurrency market? Share your thoughts in the comments below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low.
Dogecoin (DOGE) dropped to a multi-month low on Friday, as the Silvergate based sell-off has impacted overall sentiment in the marketplace.
Following a high of $0.08084 on Thursday, DOGE/USD fell to an intraday bottom at $0.07424 earlier today.
This sell-off has pushed the meme coin to its lowest point since January 9, and below a key support point in the process.
Looking at the chart, dogecoin briefly broke out of a floor at $0.0755, which came as the 14-day relative strength index (RSI) also fell below its own support.
As of writing, the index is tracking at 34.80, which is a historically stable floor at the 40.00 mark.
Earlier declines have somewhat eased, and DOGE is trading at $0.07589 at the time of writing.
Additionally, shiba inu (SHIB) was another meme coin to edge lower in today’s session, falling to a six-week low in the process.
SHIB/USD slipped to a bottom at $0.00001104 on Friday, following Thursday’s peak at $0.00001219.
As a result, shiba inu fell below a floor at $0.00001130, hitting its weakest point since January 25 in the process.
Overall, SHIB is down 14% in the last seven days, which has resulted in the RSI falling to a two-month low.
Currently, the index is tracking at 38.30, which is in bearish and oversold territory, and is its lowest reading since January 1.
Like with DOGE, bears have seemingly begun taking profits, which has resulted in a slight rebound from earlier lows.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect meme coins to rebound this weekend? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low.
Dogecoin (DOGE) dropped to a multi-month low on Friday, as the Silvergate based sell-off has impacted overall sentiment in the marketplace.
Following a high of $0.08084 on Thursday, DOGE/USD fell to an intraday bottom at $0.07424 earlier today.
This sell-off has pushed the meme coin to its lowest point since January 9, and below a key support point in the process.
Looking at the chart, dogecoin briefly broke out of a floor at $0.0755, which came as the 14-day relative strength index (RSI) also fell below its own support.
As of writing, the index is tracking at 34.80, which is a historically stable floor at the 40.00 mark.
Earlier declines have somewhat eased, and DOGE is trading at $0.07589 at the time of writing.
Additionally, shiba inu (SHIB) was another meme coin to edge lower in today’s session, falling to a six-week low in the process.
SHIB/USD slipped to a bottom at $0.00001104 on Friday, following Thursday’s peak at $0.00001219.
As a result, shiba inu fell below a floor at $0.00001130, hitting its weakest point since January 25 in the process.
Overall, SHIB is down 14% in the last seven days, which has resulted in the RSI falling to a two-month low.
Currently, the index is tracking at 38.30, which is in bearish and oversold territory, and is its lowest reading since January 1.
Like with DOGE, bears have seemingly begun taking profits, which has resulted in a slight rebound from earlier lows.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect meme coins to rebound this weekend? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
PRESS RELEASE. How to participate in the Arbitrum ecosystem as Layer 2 continues gaining traction?
The Ethereum’s Layer 2 (L2) players have been performing exceptionally well to date, with impressive TVLs in the ecosystems of Arbitrum, Polygon, and Optimism as the market rebounds. Among these, Arbitrum has the largest TVL, accounting for almost 50% of L2 markets and 3% of the entire Ethereum mainnet. Arbitrum has consistently demonstrated strong operational capabilities with technical upgrades: the launch of dual mainnets – Arbitrum Nova and Arbitrum One and the debut of a brand new programming language, Stylus. The release of Odyssey’s weekly event has also generated significant attention to the ecosystem. Meanwhile, in the long run, as suggested by Vitalik, ZK Rollups might likely have more technical breakthroughs than Optimism Rollups and will become the leading L2 solution.
Many crypto investors and enthusiasts are highly concerned with how to make good use of Arbitrum and benefit from the development of Layer 2.
As one of the world’s leading and Asia’s largest multi-chain crypto wallets, BitKeep integrated multiple blockchains and provided each ecosystem with resources and traffic exposure, such as DApp ecosystem aggregation, on-chain asset exchange, data analysis, NFT trading, and more.
On March 1st, BitKeep launched an Arbitrum monthly campaign, Arbitrum Argonaut, to introduce the complete Arbitrum ecosystem to all crypto enthusiasts. By airdropping Arbitrum Futures tokens (ARBK), BitKeep users can secure qualifications for exchanging Arbitrum official tokens in advance. To encourage users to discover NFT projects on Arbitrum, BitKeep NFT Market offers zero platform fees and even rewards for users who list their NFTs. Additionally, BitKeep partnered with top DeFi protocols on Arbitrum, including GMX, Gains Network, Dopex, and Zyberswap, and integrated them into the BitKeep DApp browser. BitKeep Swap also supports token swapping, whether single or multi-chain and plans to hold a joint asset INO with projects in the future.
Unlocking the Exciting World of NFT Trading on Arbitrum with Zero Platform Fees, 50,000 USDT Airdrop, NFT Blind Box, and BKB Tokens!
To improve users’ NFT trading experience, BitKeep NFT Market has waived platform fees for six months from the mid of February, particularly for Arbitrum NFT projects. Additionally, a two-week NFT trading event was also launched on March 1st. Details as per below:
Users will receive 5 GASU (1 GASU = 1 USDT) as a reward for listing any NFT on Arbitrum via the BitKeep NFT Market. GASU is a universal gas token that can offset gas fees for transacting on BitKeep. Users no longer need to hold native tokens for each mainnet and just pay with GASU. More details about GASU are available here.
A “User Loyalty” ranking system is also introduced simultaneously. It is tiered based on the number of NFT listings, quality (based on the floor price of the NFT collection in the entire market), and the number of NFT transactions. There are three loyalty tiers: Gold, Silver, and Bronze. Each tier has a corresponding prize pool; the higher the user’s loyalty tier level, the higher the prize pool.
Rewards for each loyalty tier level are as follows:
Be Ready for Arbitrum Futures Airdrop, the Voucher to Exchange for Arbitrum Official Token
In response to the constant expectation of Arbitrum mainnet tokens, BitKeep is launching a one-month airdrop campaign of Arbitrum Futures token (ARBK). The ARBK token is a credential of the Arbitrum token issued by BitKeep. By completing corresponding tasks and holding the airdropped ARBK tokens, users are 100% guaranteed eligible to claim official Arbitrum official tokens proportionally.
During the campaign, BitKeep will release exclusive ARBK airdrops for new users via the official community, Twitter, Arbitrum-related projects, and Web3 KOL social media platforms. Moreover, new and regular users can complete trading tasks in BitKeep Swap or BitKeep NFT Market for extra ARBK airdrops.
Note: Users who receive ARBK through red packets must complete a Token Swap or NFT transaction with the wallet address created on BitKeep to be eligible for exchanging Arbitrum official tokens.
About BitKeep
BitKeep is the ultimate Web3 crypto wallet that surpasses all other wallets in fulfilling every single one of your crypto needs. With an unparalleled portfolio of integrated features, including wallet function, swap services, integrated NFT marketplace, DApp browser, and Launchpad, BitKeep is your one-stop-shop for all your crypto needs. Not only is BitKeep the leading crypto wallet in Asia, its reliable and secure asset management and trading services are also trusted by over 8 million users worldwide, spanning an impressive 168 countries across North America, Europe, and Asia.
BitKeep reigns as the top-rated wallet of wallets on Google Play, surpassing even MetaMask. It currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.
BitKeep takes user security to the next level, incorporating DESM encryption for users’ private keys to provide an unbreakable layer of protection for user funds.
Follow BitKeep to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space.
Website: bitkeep.com
Twitter: twitter.com/BitKeepOS
Blog: blog.bitkeep.com/en
Academy: study.bitkeep.com/en
Email: Romeo@bitkeep.com
RK
NewYork, USA
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. How to participate in the Arbitrum ecosystem as Layer 2 continues gaining traction?
The Ethereum’s Layer 2 (L2) players have been performing exceptionally well to date, with impressive TVLs in the ecosystems of Arbitrum, Polygon, and Optimism as the market rebounds. Among these, Arbitrum has the largest TVL, accounting for almost 50% of L2 markets and 3% of the entire Ethereum mainnet. Arbitrum has consistently demonstrated strong operational capabilities with technical upgrades: the launch of dual mainnets – Arbitrum Nova and Arbitrum One and the debut of a brand new programming language, Stylus. The release of Odyssey’s weekly event has also generated significant attention to the ecosystem. Meanwhile, in the long run, as suggested by Vitalik, ZK Rollups might likely have more technical breakthroughs than Optimism Rollups and will become the leading L2 solution.
Many crypto investors and enthusiasts are highly concerned with how to make good use of Arbitrum and benefit from the development of Layer 2.
As one of the world’s leading and Asia’s largest multi-chain crypto wallets, BitKeep integrated multiple blockchains and provided each ecosystem with resources and traffic exposure, such as DApp ecosystem aggregation, on-chain asset exchange, data analysis, NFT trading, and more.
On March 1st, BitKeep launched an Arbitrum monthly campaign, Arbitrum Argonaut, to introduce the complete Arbitrum ecosystem to all crypto enthusiasts. By airdropping Arbitrum Futures tokens (ARBK), BitKeep users can secure qualifications for exchanging Arbitrum official tokens in advance. To encourage users to discover NFT projects on Arbitrum, BitKeep NFT Market offers zero platform fees and even rewards for users who list their NFTs. Additionally, BitKeep partnered with top DeFi protocols on Arbitrum, including GMX, Gains Network, Dopex, and Zyberswap, and integrated them into the BitKeep DApp browser. BitKeep Swap also supports token swapping, whether single or multi-chain and plans to hold a joint asset INO with projects in the future.
Unlocking the Exciting World of NFT Trading on Arbitrum with Zero Platform Fees, 50,000 USDT Airdrop, NFT Blind Box, and BKB Tokens!
To improve users’ NFT trading experience, BitKeep NFT Market has waived platform fees for six months from the mid of February, particularly for Arbitrum NFT projects. Additionally, a two-week NFT trading event was also launched on March 1st. Details as per below:
Users will receive 5 GASU (1 GASU = 1 USDT) as a reward for listing any NFT on Arbitrum via the BitKeep NFT Market. GASU is a universal gas token that can offset gas fees for transacting on BitKeep. Users no longer need to hold native tokens for each mainnet and just pay with GASU. More details about GASU are available here.
A “User Loyalty” ranking system is also introduced simultaneously. It is tiered based on the number of NFT listings, quality (based on the floor price of the NFT collection in the entire market), and the number of NFT transactions. There are three loyalty tiers: Gold, Silver, and Bronze. Each tier has a corresponding prize pool; the higher the user’s loyalty tier level, the higher the prize pool.
Rewards for each loyalty tier level are as follows:
Be Ready for Arbitrum Futures Airdrop, the Voucher to Exchange for Arbitrum Official Token
In response to the constant expectation of Arbitrum mainnet tokens, BitKeep is launching a one-month airdrop campaign of Arbitrum Futures token (ARBK). The ARBK token is a credential of the Arbitrum token issued by BitKeep. By completing corresponding tasks and holding the airdropped ARBK tokens, users are 100% guaranteed eligible to claim official Arbitrum official tokens proportionally.
During the campaign, BitKeep will release exclusive ARBK airdrops for new users via the official community, Twitter, Arbitrum-related projects, and Web3 KOL social media platforms. Moreover, new and regular users can complete trading tasks in BitKeep Swap or BitKeep NFT Market for extra ARBK airdrops.
Note: Users who receive ARBK through red packets must complete a Token Swap or NFT transaction with the wallet address created on BitKeep to be eligible for exchanging Arbitrum official tokens.
About BitKeep
BitKeep is the ultimate Web3 crypto wallet that surpasses all other wallets in fulfilling every single one of your crypto needs. With an unparalleled portfolio of integrated features, including wallet function, swap services, integrated NFT marketplace, DApp browser, and Launchpad, BitKeep is your one-stop-shop for all your crypto needs. Not only is BitKeep the leading crypto wallet in Asia, its reliable and secure asset management and trading services are also trusted by over 8 million users worldwide, spanning an impressive 168 countries across North America, Europe, and Asia.
BitKeep reigns as the top-rated wallet of wallets on Google Play, surpassing even MetaMask. It currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.
BitKeep takes user security to the next level, incorporating DESM encryption for users’ private keys to provide an unbreakable layer of protection for user funds.
Follow BitKeep to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space.
Website: bitkeep.com
Twitter: twitter.com/BitKeepOS
Blog: blog.bitkeep.com/en
Academy: study.bitkeep.com/en
Email: Romeo@bitkeep.com
RK
NewYork, USA
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. Aurora Cloud is the all-in-one cloud infrastructure solution bridging Web2 and Web3.
03/02/2023 Denver – Web3 infrastructure startup Aurora Labs announced the launch of Aurora Cloud, a platform and suite of products that allows today’s Web2 businesses to capture the value of Web3.
Aurora Cloud — Platforms like Amazon AWS and Microsoft Azure unleashed the potential of Web2 by democratizing the building blocks of the internet. In a similar way, Aurora Cloud — including Borealis Business, Aurora Pass and Aurora Silos — eliminates the technical and user experience barriers that keep Web2 businesses from capturing the full value of Web3.
The foundation of Aurora Cloud is Aurora, the innovative blockchain that provides full Ethereum compatibility, while leveraging the speed, low-cost and infinite-scalability of the third-generation layer-1 protocol, NEAR.
Borealis Business — The first pillar of Aurora Cloud is a transaction processing and accounting engine known as Borealis Business that allows Web2 companies to add blockchain capability to their applications in a way that completely removes costs and other technical complexities from the end-user experience. The product also includes all the data tools necessary to support business operational monitoring, understanding and optimization.
Aurora Pass — Many of today’s Web2 companies are mobile-first or mobile-only. For these customers, the second pillar of Aurora Cloud is the Aurora Pass digital wallet, facilitating the adoption of blockchain technology in mobile applications with minimal development work, and allowing users to authorize transactions using the same biometric facilities like Touch ID and Face ID they’ve come to know and love.
Aurora Silos — While the permissionless nature of public blockchains ushers in a new age of ubiquitous accessibility, many of tomorrow’s most valuable blockchain use cases will require app-specific and business-specific blockchains. To address this need, the final pillar of Aurora Cloud is Aurora Silos, which are customer-specific, dedicated blockchains, running on the Borealis Business infrastructure, and providing an unparalled feature set.
Aurora Silos go beyond Ethereum compatibility, allowing customers to design and implement their own custom tokens, tokenomics and even transaction fee mechanics, to support any imaginable blockchain business model. As a dedicated blockchain, Aurora Silo customers can implement multiple-levels of access control, perfect for KYC/AML-restricted “permissioned” DeFi environments, members-only access to games, or any context requiring the management of network access and activity — and without closing the door to interoperability and cross-network composability with public protocols like Ethereum, Aurora or NEAR.
White-glove service and support — For customers that need integration assistance, or even conceptual ideation around how to best adopt blockchain technologies in their businesses, Aurora Labs’ crypto-native business development and engineering teams are ready to serve as a partner every step of the way.
“It’s thrilling to be part of a technical revolution, and to be building the infrastructure that businesses need to onboard millions to Web3.”
Alex Shevchenko, CEO and co-founder of Aurora Labs
The platform is currently in beta, and available for early business integrations.
https://auroracloud.dev
About Aurora & Aurora Labs
Aurora is a platform for Web3 developers to build pioneering and scalable distributed applications. Powered by its high-performance Ethereum Virtual Machine (the Aurora Engine) and fully trustless bridge (the Rainbow Bridge), Aurora combines the builder-friendly development experience of Ethereum with the modern blockchain performance of the NEAR Protocol to offer an environment for creating highly scalable, carbon-neutral, future-safe, and low-cost Web3 services. To learn more, visit www.aurora.dev.
Aurora Labs is a Web3 infrastructure startup. To learn more, visit www.auroralabs.dev.
For any information about this release, please contact:
press@aurora.dev
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Source From : News