Asia Express  – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens (NFT) series. The trademarks include digital collectibles in the …

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Five Ones to Watch in February 2023

In 2021, a new creator economy was born on the blockchain. Since NFTs took center stage, artists have achieved NFT superstardom, billion-dollar brands have been forged in just a few months, and many lives have been utterly transformed time and again. Yet, the most inspiring thing about the NFT space is the number of artists …

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Do Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) stalled rallies mean the memecoin trend is dead?

The memecoin phenomenon didn’t prove as effective in the last month’s start of year crypto market rally, as the gains of the top cryptocurrencies in this category barely outperformed Bitcoin. The monthly gain of BTC stood at 44.5%, while the top two meme-based coins DOGE and SHIB gained 27% and 40.7%, respectively. Top meme-coins by …

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A Guide to Gameplay, Wool, and More

The world of blockchain gaming can be confusing. For every smash-hit success, there’s an equally unfortunate story of the disastrous ruin or slow demise of a play-to-earn (P2E) game (see Axie Infinity’s rise and fall). But if done right, gaming in Web3 can be a potent gateway to onboarding billions to the blockchain. And, though …

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Lack of liquidity mitigated damages to BonqDAO exploit: Report

According to blockchain security firm CertiK, the damage caused to decentralized protocol BonqDAO on Feb. 1 may have been much less than initially thought.  As told by CertiK, the attacker first borrowed 100 million BEUR, a euro stablecoin, with less than $1,000 in collateral due to a lack of controls on the collateralization ratio. If …

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Ethereum (ETH) price is aiming for $1,800 in February — Here is why

Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern …

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DeFi enjoys prolific start to 2023: DappRadar report

Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market hit $74.6 billion worth of staked assets, increasing by 26% from December. In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets that have also had …

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Optimism token OP hits all-time high Bedrock upgrade news

OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March. Optimism is rallying again as excitement …

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Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

Avalanche (AVAX) bulls should brace themselves for impact led by a growing divergence between severalkey indicators on the daily-timeframe chart. AVAX price chart paints bearish divergence The daily AVAX chart shows a classic bearish divergence between its price and relative strength index (RSI), a momentum oscillator forming since Jan. 11. In other words, the price of …

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