The cryptocurrency market is struggling to move north, but is also showing resistance to the fall. While the leading crypto Bitcoin struggles to hold on to $66,000, the altcoin market has a mixed outlook. Some tokens are in the red zone with sell-offs, while others are flying in the blue sky with good news. Among them is the altcoin that Coinbase, the leading cryptocurrency exchange, announced the listing news. The altcoin made 2x after the Coinbase news.
Coinbase to list BLOCKLORDS (LRDS), the token is flying!
Leading crypto exchange Coinbase announced that it will add support for BLOCKLORDS (LRDS) on the Ethereum network (ERC-20 token). The exchange stated that trading will begin later today if liquidity conditions are met. It also noted that once sufficient supply of the asset is secured, it will begin trading on the LRDS-USD trading pair in phases. Meanwhile, Coinbase announced that LRDS will be labeled as an “experimental asset”. In this context, the cryptocurrency exchange made the following announcement:
Coinbase will add support for BLOCKLORDS (LRDS) on the Ethereum network (ERC-20 token). Do not send this asset through other networks, otherwise your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in regions where trading is supported.
As you have been following on Kriptokoin.com, the market is mixed. Bitcoin and Ethereum are down, while some coin prices like XRP are rising. The altcoin’s price gained a strong momentum after the Coinbase listing news. The token jumped from $0.85 to $1.75 during the day. At the time of writing, LRDS is trading at $1.75, up 119% on its daily chart.
Let’s get to know BLOCKLORDS (LRDS) a little bit!
BLOCKLORDS is a 3A SLG multiplayer strategy game (MMO) based on a multi-chain network launched by game studio MetaKing Studios. Players can play different medieval roles, manage their own farms, recruit teams, gather resources, assign heroes to teams, and upgrade buildings in the process. The project is driven by the vision of “Create your own unique saga in the medieval universe.” By the way, it should be reminded that BLOCKLORDS has received investment from OKX Ventures.
Coinbase CEO: Bitcoin is a ‘check and balance’ against the US debt crisis
Coinbase CEO Brian Armstrong believes that Bitcoin can serve as a critical counterweight to excessive government spending and protect Western economies from a looming debt crisis. Armstrong’s statements were made in response to dire economic predictions by analyst Balaji Srinivasan, who warned of a sovereign debt crisis worse than 2008. In his article, Balaji emphasized the critical nature of the US debt situation, noting that no election can pay off its $175 trillion debt.
According to Balaji, he believes that the US government is lying about the economy and will resort to printing too much money to find a temporary solution. To prove his point, Balaji shared data that he claims eclipses the Fed’s borrowing in 2008, starting with the 2023 emergency loans. The analyst said that the government’s recent steps have dragged the banking system into a critical situation, citing the sale of billions of dollars of bonds to financial institutions and then reducing the value of these bonds with surprise interest rate hikes.
Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channelto stay up to date with breaking news !
