Coinrule Unveils AI-Driven Marketplace to Simplify Automated Trading

Coinrule, a prominent automated trading platform, has announced the launch of its innovative Marketplace, a feature designed to enhance the trading experience by leveraging Generative Models like GPT. This addition aims to make automated trading more accessible to both seasoned traders and beginners.

Key Features

The Coinrule Marketplace offers several key features that set it apart:

A Comprehensive Library of Strategies: The Marketplace provides a vast selection of pre-built strategies, crafted by expert traders. These strategies cater to various markets, timeframes, and risk profiles, allowing users to find something that fits their investment style.

Customisation Options: Users can easily modify the pre-built strategies to suit their needs. Adjustments to trade size, indicators, and signals can be made with just a few clicks, enabling traders to optimize performance according to their risk tolerance.

Community-Driven Approach: Coinrule’s Marketplace encourages collaboration among traders. The platform fosters a community where users can share, discuss, and explore strategies, benefiting from the collective intelligence and insights into successful AI strategies.

Seamless Integration: The Marketplace integrates effortlessly with major stock platforms and crypto exchanges. It adds a smart layer on top of users’ digital wallets without having direct access, ensuring extra safety and eliminating the need to manage multiple accounts.

Democratizing Access to Sophisticated Investment Strategies

Coinrule’s Marketplace aims to democratize access to sophisticated investment strategies by eliminating the need for extensive coding or technical expertise. Gabriele Musella, CEO of Coinrule, expressed his excitement about the launch, stating, “We are thrilled to introduce the Coinrule Marketplace, which represents a significant step forward in our mission to make generative finance accessible to everyone.”

The launch of the Marketplace aligns with Coinrule’s goal to empower traders with the necessary tools and resources to succeed in the ever-evolving market. By putting the power of AI automation in the hands of all traders, regardless of their experience level or technical expertise, Coinrule continues to redefine the possibilities of automated trading.

Image source: Shutterstock


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Romania’s ICI Bucharest Launches NFT Trading Platform for Web3 Adoption

Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) has set its sights on driving Web3 adoption in the country with the launch of its very own institutional NFT trading platform, ICI D|Services. This platform is set to go live on April 26, and aims to bridge the gap between private and public sector institutions and users through its NFT marketplace. Public and institutional users can now create, manage and trade their own unique NFTs on this platform.

For the past five years, ICI Bucharest has focused mainly on research and development. However, the growing interest and popularity of blockchain, Web3 and nonfungible tokens worldwide have prompted the institute to explore this area. According to Dr. Mihnea Gheorghe, Director General of ICI Bucharest, NFTs have gained significant traction in recent years due to their ability to create unique and scarce digital assets, which can be applied to numerous use cases. This has made them valuable assets for institutions, leading to the proposal of the NFT platform within ICI Bucharest in late 2021.

As a result, ICI Bucharest began developing and implementing the marketplace system’s architecture in partnership with MultiversX in mid-2022. This strategic project marks the first time the institution is working with the blockchain infrastructure provider.

By launching ICI D|Services, ICI Bucharest aims to support Web3 adoption in Romania and enable the country to embrace the opportunities offered by blockchain technology. The platform also seeks to create a link between institutions and users, promoting the growth of the NFT market and blockchain-based solutions in the region.

With ICI Bucharest’s new institutional NFT platform, Romania can expect to see a rise in interest and adoption of Web3 and blockchain technology. By providing a secure and reliable platform for NFT trading, ICI Bucharest is helping to pave the way for a more decentralized future.


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LooksRare NFT Marketplace Upgrades to Version 2, Reducing Fees by 75%

LooksRare, a non-fungible token (NFT) marketplace, has announced an upgrade to version 2. The company revealed that the new platform would reduce fees by 75% and implement several other features. The previous version, LooksRare v1, charged 2% per trade, but this has now been reduced to 0.5% in version 2. In addition, the new version has more gas-efficient contracts, allowing users to save approximately 30% on gas fees versus the previous version of the app.

The LooksRare team explained that in version 2, sellers receive Ether (ETH) instead of Wrapped Ether (WETH) for most sales. The smart contracts also allow for bulk buying and selling orders if a user wants to place multiple trades simultaneously. Furthermore, aggregators can now implement custom recipients, allowing users to buy an NFT with one wallet but send it to another.

Sellers can now list their NFTs for sale in token prices instead of ETH. This includes the option to list an NFT for a fixed U.S. dollar price to be paid in equivalent ETH.

LooksRare v1 will be sunsetted, according to the team’s separate April 7 post. On April 12, the app’s front end will no longer allow users to post version 1 auctions through the public API. All current v1 auctions will be removed from the website at 10:00 am UTC on April 13, and the smart contracts themselves will be disabled through an admin function at 11:00 am UTC.

The announcement of the upgrade has received mostly positive reactions, as many LooksRare users believe the new features will provide a strong challenge to competitors such as OpenSea and Blur. However, some users have expressed doubts that v2 will be enough of a change to attract users from other platforms. These users have cited the lack of good token incentives and the inability to list enough collections as potential issues.

Despite some controversy in October when the company decided to eliminate creator royalties, LooksRare has benefited from the recent boom in NFT prices. The company’s latest upgrade to version 2 shows its commitment to providing users with an efficient and cost-effective NFT marketplace.


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LooksRare Version 2 Upgrades NFT Marketplace

In an effort to provide a better user experience, LooksRare has released version 2 of its NFT marketplace, which includes several new features and improvements. One of the most significant changes is the reduction of trading fees from 2% to 0.5%, which is a 75% reduction. Additionally, version 2 includes gas-efficient contracts that enable users to save approximately 30% on gas fees compared to the previous version.

Another important feature of LooksRare version 2 is that sellers will now receive Ether (ETH) instead of Wrapped Ether (WETH) for most sales. Furthermore, the smart contracts now support bulk buying and selling orders, which is useful for users who want to place multiple trades simultaneously. Additionally, custom recipient aggregators have been introduced, allowing users to purchase NFTs with one wallet and send them to another.

Sellers can now list their NFTs for sale in token prices, which means that prices can be set in US dollars or equivalent ETH. This is a useful feature for sellers who want to provide clarity on pricing and reduce the risks associated with market volatility.

Despite the positive reception to the new features, some users are skeptical that LooksRare version 2 will be enough to attract users from other platforms. Some users have expressed concerns that there are still not enough incentives for good token collections to be listed. However, most LooksRare users have responded positively to the changes, and the platform is expected to become more competitive with other NFT marketplaces, such as OpenSea and Blur.

LooksRare faced some controversy in October when it decided to eliminate creator royalties, but it has also benefited from the recent surge in NFT prices. With the release of version 2, LooksRare is poised to continue its growth and establish itself as a leading NFT marketplace.

Looking ahead, the team has announced that LooksRare version 1 will be discontinued. Users will no longer be able to post version 1 auctions through the public API after April 12, and all current v1 auctions will be removed from the website on April 13. Finally, the smart contracts themselves will be disabled through an admin function at 11:00 am UTC on April 13. By sunsetting version 1, LooksRare is ensuring that its users are fully supported on the upgraded platform and can take advantage of the new features and improvements.


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NFT Royalties Fall Short in Web3 Ecosystem

Nonfungible tokens, or NFTs, have become a popular gateway for users to enter the Web3 ecosystem, with artists and creators leveraging Web3 tools to enhance their work. However, recent data from eBit Labs and LiveArt marketplace suggests that the loss of creator royalties in the NFT space may be higher than previously estimated.

The emergence of the Blur marketplace in October 2022 has caused shortcomings in royalties for two of the leading NFT collections, Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), with losses totaling around $20 million alone. This new data indicates that previous estimates of $35 million in royalty shortcomings may have been too conservative.

Creator royalties have been a hot topic of discussion in the NFT space. After briefly halting creator royalties and receiving severe backlash from the community, the OpenSea marketplace announced that it would enforce creator royalties on all listed collections.

In November 2022, the founders of BAYC proposed a new model for NFT creator royalties that would keep NFT transfers between wallets free. Meanwhile, MagicEden, another prominent NFT marketplace, has defended its own NFT royalty enforcement tool, which gives creators the ability to flag an NFT or blur the image if the listing or trade bypasses royalty rules.

Despite these efforts, Boris Pevzner, co-founder and CEO of LiveArt, says that the new data shows the Web3 ecosystem falling short of its promise to be a “creator-centric space.” Pevzner warns that if the current system continues to fail artists, it may cause them to lose interest in the industry, potentially causing the space to become more like the stock market.

Pevzner’s comments on “marketplace wars” primarily reference the entrance of the Blur marketplace onto the scene, which has targeted OpenSea’s market share. With NFTs continuing to gain popularity and more marketplaces vying for a piece of the pie, it remains to be seen how the issue of creator royalties will be resolved.

As the Web3 ecosystem evolves and matures, it is important to ensure that creators are fairly compensated for their work. The current system of enforcing creator royalties appears to be falling short, potentially hindering the growth and success of the NFT industry.


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Machi Big Brother’s recent NFT sell-off

According to statistics provided by Nansen, nonfungible token (NFT) whale Jeffrey Hwang, also referred to informally as Machi Big Brother, sold 1,010 tokens in the span of 48 hours for a total of 11,680 ether (ETH), which is equal to $18.6 million.

Andrew Thurman, who works for Nansen and is a simian psychometric enhancement specialist, emphasized the trading activity that took place over the previous two days in a Twitter thread he posted on February 25. He observed that it is “possibly the greatest NFT dump ever.”

In addition to many other non-fungible tokens (NFTs), the big selling event included the sale of a total of 308 Otherdeed NFTs, 90 Bored Ape Yacht Club (BAYC) NFTs, and 191 Mutant Ape Yacht Club (MAYC) NFTs.

However, Machi Massive Brother quickly purchased back 991 NFTs, and Thurman theorized that this may be a move to either record some gains while simultaneously undertaking “one big wash deal to produce enormous Blur airdrop profits” or a “quite blatant market manipulation.”

Reportedly one of the largest recipients of the Blur (BLUR) token airdrop from upstart NFT marketplace Blur, which recently dethroned OpenSea from its position as the top-ranked NFT platform in trading volume, Machi is said to be one of the largest recipients of the airdrop.

The project began its first round of airdrops to the community on February 14. The quantity of tokens that were airdropped depended on the user’s degree of involvement on the platform as well as the amount of Ethereum-based NFT trading activity that they participated in.

The blockchain analytics platform Arkham Intel said on February 17 that Machi had received 1.8 million BLUR and cashed it out for $1.3 million USD.

As a result, Machi may be able to acquire some more BLUR tokens in the next round by increasing the amount of activity in the NFT trading market, while other whales may be trying to do the same thing.

According to the statistics provided by NFT Price Floor, when looking at the floor prices of top collections that Machi first dropped, the prices of BAYC, MAYC, and Otherdeed NFTs have experienced a decline of 7.77%, 9.2%, and 8.16% respectively in the previous 24 hours.

In a recent piece, Thurman made the observation that “One man’s drive for an airdrop is ruining certain markets.”

According to CoinGecko, the price of BLUR is $0.79 at the time of this writing, reflecting a decrease of 17.7% over the course of the previous week.

The Blur team said in a tweet on February 22 that the project would shortly airdrop $300 million worth of tokens as part of its second round of funding.


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Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack

Kevin Rose, who is also the co-founder of the nonfungible token (NFT) collection Moonbirds, has been a victim of a phishing scam, which has resulted in the loss of nonfungible tokens with a combined value of over $1.1 million that were individually owned by Kevin Rose. Moonbirds was a collection of nonfungible tokens that were named after birds.

On January 25, the news was made to the 1.6 million people who follow the person who created the NFT and a co-founder of PROOF on Twitter. He advised those people to refrain from collecting any Squiggles NFTs until his team was able to have them marked as stolen until his team could do so. Until they could do so, he urged them to wait to acquire any Squiggles NFTs.

Following that, sometime in the neighbourhood of two hours later, he revealed it in a following tweet.

It is believed that Rose’s non-financial assets were depleted when he authorised a bogus signature that transferred a significant amount of his non-financial assets to the exploiter. This theory is based on the fact that Rose may have been the victim of financial exploitation. This was the occurrence that resulted in Rose’s NFTs being used up completely. Because of this, Rose’s natural defence mechanisms (NFTs) were used to their utmost potential.

An independent investigation that was conducted by Arkham discovered that the exploiter stole at least one Autoglyph, which has a floor price of 345 Ether, at least nine OnChainMonkey items, each of which is worth at least 7.2 ether, at least 25 Art Blocks, also known as Chromie Squiggles, which are each worth at least a total of 332.5 ETH, and at least one OnChainMonkey item that is worth at least a total of 332.5 ETH

It is anticipated that a total of at least 684.7 ETH, which is equivalent to around $1.1 million, was successfully obtained.


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Donald Trump’s NFT Trading Card Collection

In recent days, there has been a significant uptick in the daily sales volume of nonfungible token (NFT) trading cards belonging to the former President of the United States, Donald Trump.

According to market analytics aggregator Cryptoslam, sales volumes on January 18 and January 19 saw surges of 800% and 600% respectively when compared to sales volumes on January 17.

Following reports that the former president was seeking to rejoin Facebook and Twitter in advance of the 2024 presidential election campaign, some experts believe that the rekindled interest could be due to his imminent return to social media networks. This speculation comes after it was reported that the former president was seeking to rejoin these networks.

On December 15th, a collection of 45,000 self-themed trading cards was released, and the price of each card was originally set at $99 USD.

Customers who purchased the collection were instantly placed into a sweepstakes with “thousands of prizes,” some of which included one-on-one meals, zoom calls, and games of golf with the previous President.

They sold out very rapidly and achieved daily sales volumes of more than $3.5 million, but after that, their sales volume sank to a baseline of around $26,000 by the end of 2022.

Yuga Labs, the company that created Bored Ape Yacht Club (BAYC), has blocked the secondary trade of its “Sewer Pass” non-fungible tokens on markets that do not provide full support for creator royalties.

It is possible to mint the Sewer Pass, which serves as an admission pass to its new skill-based non-flip-to-win game called Dookey Dash, but only for those who are members of the Bored Ape Yacht Club or the Mutant Ape Yacht Club.

According to the statistics provided by NFT Price Floor, The Sewer Pass has had a large amount of transactions on secondary markets, with a floor price of 1.81 ETH (which is equivalent to $2,809) and sales volumes of 15,627 ETH (which is equivalent to $24,267,411).

Secondary sales of the collection have already brought in more than $1.2 million in income for Yuga Labs, which is based on a 5% creator royalty charge for the collection.

According to the announcement, “Neopets Metaverse” will be a play-and-earn virtual pet game based on the original, and it would enable users to “grow, care for, personalise, and combat with their Neopets” on the blockchain. The game will be based on the original “Neopets.”

Neopets was established in 1999, and its parent business has high hopes that its newest product, Neopets Metaverse, would reintroduce “the magic of Neopets in a wonderfully fresh light to old-time gamers, as well as recruiting and fostering a new generation of Neopians.”

The news has been received with a lacklustre reaction from the community, with some members speculating that the community’s earlier attempt to create a Neopets metaverse was unsuccessful.

Researchers at the National University of Singapore (NUS) have developed a pair of haptic gloves that they hope will allow users to experience the feeling of touch in the metaverse.

The HaptGlove is an untethered and lightweight glove that will enable users of the metaverse to interact with virtual items in a manner that is much more realistic by communicating a sense of touch and grip. The innovation was developed by HaptLabs.

When users put on the HaptGlove, they are able to sense when their virtual avatar’s hand touches something, as well as tell how hard the object is and what shape it is. This is made possible by the HaptGlove restricting the user’s finger positions, which enables users to sense when their virtual avatar’s hand touches something.

According to NUS, the HaptGlove will also be valuable in other fields, such as education and medicine, since it will enable surgeons to practise their procedures in a “hyper-realistic environment” and will provide students with the opportunity to gain practical knowledge via hands-on practise.

Although the idea of haptic gloves is not new, as for example, Meta is now working on their own version of them, NUS say that theirs is capable of providing users with a far more realistic feeling of touch in comparison to other haptic gloves that are already on the market.

It has been suggested by those working on metaverse games that because virtual reality is such an immature technology, it is difficult to incorporate it into metaverse products. As a result, games like The Sandbox and Decentraland have not yet fully incorporated virtual reality clients into their gameplay.

Rarible, a marketplace for NFTs, made the announcement on January 18 that it was going to extend its marketplace builder to accommodate Polygon-based NFT collections.

The cryptocurrency exchange Binance made an announcement on January 19 that it would be tightening its rules for NFT listings. As part of the new regulations, the exchange will require sellers to complete Know Your Customer (KYC) verification and have at least two followers before they can list their NFTs on the platform.


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Magic Eden Floats New Venture Unit to Double Down on Web3 Gaming

Solana-backed non-fungible token (NFT) marketplace Magic Eden has announced the establishment of its own venture outfit called Magic Ventures, focusing on bootstrapping Web3.0 gaming protocols.


While projecting that Web3.0 games will serve as a GoTo ecosystem for many people, Magic Eden believes most innovations are still very rough, and they needed facilitating. The trading platform said the advent of Magic Ventures will absolutely help in investing in promising games and gaming infrastructure, which will bolster the growth of Web3 gaming. 

Magic Ventures will be led by Tony Zhao, who will double as the Head of Gaming Investments. The appointment of Tony is a thought-out decision drawing on his experience while staff at Tencent Games. During his time at Tencent, Tony focused on he focused on investing in up-and-coming games, acquiring world-class studios, and forming strategic partnerships across the entire Tencent Games portfolio.

Tony will also be joined in charting the way forward for Magic Ventures alongside Yoonsup Choi, Harrison Chang, and Matt Biamonte, all of whom have personally launched their own NFT collections and have a deep understanding of the Web3.0 ecosystem.

“The world of gaming is a massive market that has just started to venture into the world of Web3. We intend to deepen our relationships with both gamers and game developers alike to champion the future of games on the blockchain. With Magic Ventures, we are excited to invest in the next wave of creativity and innovation in Web3 gaming,” said Jack Lu, CEO of Magic Eden.

The launch of Magic Ventures trails the $130 million funding round the firm completed last month and the second for this year. Per the June round, Magic Eden entered the unicorn club with a $1.6 billion valuation. From its latest strides and with the advent of Magic Ventures, the startup said it is on track to expand its gaming ecosystem across the board.


Image source: Shutterstock


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GameStop Launches Public Beta Version of NFT Marketplace

Video game retailer GameStop Corp announced Monday the launch of a public beta version of a non-fungible token (NFT) marketplace amid the downturn of the crypto market.

The company’s NFT marketplace is a non-custodial, Ethereum-based layer 2 marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain. Users are allowed to connect to their own digital asset wallets such as the recently launched GameStop Wallet, according to the statement.

The new feature product just come amid the downturn of the crypto market. Currently, there are 236 NFT collections on the public beta NFT marketplace, and more than 53,000 NFTs listed on the marketplace.

Clients can use this Ethereum Layer 2-based non-custodial application to buy, sell and trade NFTs related to digital assets used in various games.

The marketplace would also provide essential statistics and educational content for customers to enjoy the connection between their wallet and the marketplace.

Partnering with Loopring, an Ethereum-compatible zkRollup protocol will provide players with faster, cheaper, and more secure access to digital property rights.

As Loopring zkRollup is based on Ethereum’s self-hosted security while extracting expensive gas fees, it reduces customer costs.

The company’s stock soared unusually back in January this year as it unveiled its grand entry into the crypto and NFT ecosystem.

Previously, GameStop partnered with blockchain company Immutable X to build a marketplace for NFTs, which they expect to launch later this year.

This launch is a public beta, and the full version of the NFT marketplace may be released in the near future.

Image source: Shutterstock


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