Pictures posted on social media showed smoke filling the sky of the surrounding area to the shopping centre. One, who posted images on Twitter, wrote: “Just been an explosion outside Westside Plaza Shopping Centre, Wester Hailes – thick black smoke in surrounding air”. The shopping centre is home to a range of shops, including a cinema and supermarkets.
Westside Plaza Shopping Centre confirmed the incident to Express.co.uk.
Emergency services have rushed to the scene.
It is understood a gas canister caught alight, causing the “explosion”.
Local fire crews are now on the scene at the shopping centre.
Police are also thought to be on the scene to attend the blaze.
As it stands, it is not known if there have been any injuries from the explosion.
The incident is ongoing as fire crews deal with the fire.
Altcoins like Ether (ETH), Dogecoin (DOGE) and Ethereum Classic (ETC) are spearheading a new alt season that seems to have taken off with a bang. Since a rising tide usually lifts all boats, there are several other cryptocurrencies that are benefiting from this growing interest in altcoins. Ether, however, may be the one generating the waves.
The price of ETH, the flagship altcoin, increased more than 65% over 30 days to finally break through the $ 3,500 barrier on May 6. This takes the yearly gains for the token to over 1,500%, as it was trading in the $ 215 range this time last year. The price surge led its market capitalization to go beyond $ 400 billion for the first time.
Cointelegraph asked Joshua Frank, CEO of The TIE, about the social media trends around Ether and what the cryptocurrency’s gains mean for altcoins. He answered: “Many investors consider Ethereum a proxy for the alt-coin market, and tweet volume continues to increase exponentially since July 2020. […] Tweet volume over 24 hours recorded an incredible 59,000 as Eth continues to push all-time highs.”
In percentage terms, Ethereum Classic — a continuation of the original Ethereum blockchain — has seen its value increase even more than the more popular coin of its sister blockchain. According to CoinGecko, ETC’s price gained nearly 400% in seven days to hit an all-time high of $ 167 on May 6. The Ethereum Classic blockchain sprang into existence after most developers migrated to the now more popular Ethereum blockchain following a hack on The DAO’s smart contracts in 2016, which cost the protocol $ 50 million in ETH.
The dominance of Bitcoin (BTC) has also dropped when compared with the 70% range it was resting in at the start of the year. It has been declining since, reaching a year-to-date low of 45.70% on May 6. The dominance metric essentially compares the market cap of BTC with that of all other cryptocurrencies combined.
BTC dominance usually decreases when altcoins instead dominate the interest of crypto investors. The only time the metric has ever been lower than its current level was just before the cryptocurrency market crash in 2018 when investors were desperately looking for alternatives to Bitcoin, as the flagship cryptocurrency had dropped by over 60% at the time.
Eric Anziani, chief operating officer of cryptocurrency exchange Crypto.com, explained to Cointelegraph why he believes Bitcoin’s dominance is decreasing this time: “The price action acts in tandem with investors’ psychology, dominant narratives in the space, and therefore moves in cyclical patterns.” He added further:
“As the narrative around institutional adoption of Bitcoin has tapered off somewhat, investors have begun to turn to blockchains and protocols other than Bitcoin. […] Although Bitcoin is a very sound store-of-value, the market as a whole is realizing how pivotal altcoins and their respective projects are to the future of crypto.”
This indicates that optimism is not nearly close to its peak despite ETH pushing to new highs on a daily basis, thus signaling that there is still room for growth when prices are compared with market sentiment.
London hard fork will lead to faster DeFi growth
Ether’s price surge essentially happened after the Ethereum blockchain underwent its Berlin upgrade on April 15. The hard fork incorporated four Ethereum Improvement Proposals that were voted on by the developer community. Two of these addressed gas costs for specific transaction types, and while they reduced the costs for some types of transactions, they increased them for “op-code transactions,” which could be used for denial-of-service attacks. The other two proposals expanded the categories of transaction logic.
James Beck, director of communications and content at ConsenSys — a blockchain technology company backing Ethereum’s infrastructure — told Cointelegraph: “One of the nice effects of the Berlin hard fork was that gas prices for DEX aggregators became much cheaper. For example, using MetaMask’s swap feature is now resulting in 40,000 GWEI decrease to trade tokens.”
Ethereum is the most prominent blockchain used in the decentralized finance markets, and its price often goes hand in hand with DeFi’s growth. At the time of writing, the total value locked in DeFi is at a new high of just over $ 82 billion. The TVL in DeFi has been rapidly growing since the beginning of the year and has nearly doubled since the start of February. Flora Sun, managing director of Binance X — crypto exchange Binance’s developer initiative — opined on the reason for this growth:
“There’s a lot of innovation in DeFi protocols these days. In the past, lending and DEX were the main DeFi protocols, but now starting with AMM, there are various types of DeFi that meet various needs, like vaults and insurances. DeFi still offers a much higher yield than traditional finance, so naturally, it is attracting a lot of crypto liquidity.”
Automated market makers, or AMMs, are now integral to the DeFi ecosystem. As the name suggests, an AMM is an automated trading model that decentralized exchanges use instead of the order books used by traditional, centralized exchanges. When protocols use AMMs to supply liquidity pools, it means that the price of the assets is calculated by a fixed, predetermined mathematical formula based on the supply of the two tokens involved in the trade/swap.
According to ConsenSys’ quarter-one DeFi report, only 1% of all Ethereum addresses are currently using DeFi platforms. Thus, the room for adoption seems to be immense as more investors look to prioritize decentralization in their portfolios. The report also reveals that in the first quarter of 2021, nearly 51% of the total fees paid were on the Ethereum blockchain — more than double those of the Bitcoin blockchain. The decentralized exchange Uniswap by itself took nearly half the amount in fees taken by Bitcoin.
Additionally, another improvement proposal for Ethereum, EIP-1559, has been greenlit by the developer community as a part of the London hard fork that’s scheduled to happen in July. Anziani further spoke on the hard fork:
“This upgrade will begin burning transaction fees, naturally reducing Ethereum’s rate of inflation. If network usage is high enough, Ethereum may even become deflationary. This is a highly bullish development that the market has just begun to price in.”
Additionally, Ether has shown a low level of global leverage across exchanges, which means that ETH holders are dealing more in spot holdings than indulging in the use of leverage to long Ether. Frank opined on what this might mean: “This indicates that holders intend to either hold Eth in their wallets and/or use Eth to interact in the eco-system with DeFi or other protocols rather than use leverage as a purely speculative play to profit.”
Other alts grow as well
Due to the growth of DeFi, alternative platforms to Ethereum, like Binance Smart Chain and Cardano, have been seeing increased adoption by DeFi protocols and decentralized applications as people seek to avoid Ethereum’s high gas fees, which have become an issue for users all around. Since the gas-fee issue has persisted for a while, BSC and Cardano have accommodated some of 2021’s DeFi growth. On the subject, Sun pointed out:
“Since BSC launched in September 2020, in 8 months, there are 500+ projects building on BSC and its ATH daily transaction volume has exceeded Ethereum’s by 450% and currently boasts of $ 56 billion in its DeFi ecosystem. All the projects building on top of BSC contribute to this growth.”
Binance Coin (BNB), the native cryptocurrency of both Binance Smart Chain and Binance Chain, has also quickly risen from trading in the $ 50 range on Feb. 1 to reaching an all-time high of $ 679.82 on May 3. That is a growth of over 1,200% in less than 100 days, leading BNB to rise to become the third-biggest cryptocurrency by market capitalization. According to CoinMarketCap, the token has a market cap of nearly $ 100 billion as of the time of writing.
Cardano’s native ADA coin also leaped to a new all-time high of $ 1.70 on May 7. The cryptocurrency has grown more than 3,200% over the past year. Cardano has also announced various partnerships and launches over the past month. Despite this, Beck backs layer-two solutions over Cardano, saying: “More DeFi users will flock to Layer 2 networks that are Ethereum compatible. DeFi developers are looking to move their applications and users on to layer 2 in order to take advantage of lower gas fees.”
According to L2 Beat, the TVL in layer-two solutions has increased nearly twentyfold, from $ 38.4 million on Jan. 1 to around $ 718 million at the time of writing. It briefly even surpassed $ 1 billion in both March and April. Beck further stated:
“Synthetix and dYdX have announced they have been ardently working on integrating with Layer 2 solutions. Synthetix has been working with Optimism for months now, while dYdX recently announced that their new cross-margined perpetuals are live on Starkware’s STARK based roll-up solution. We expect this trend to accentuate for the rest of the year.”
Among the several coins seeing unprecedented gains — in addition to Ether and the native cryptocurrencies of Ethereum alternatives — the Shiba Inu-themed meme coin Dogecoin (DOGE) is the one catching the most mainstream media attention. It’s getting so much attention that it could be the leading indicator for alt season.
The coin broke out from the $ 0.06–$ 0.07 range on April 12 to reach its all-time high of $ 0.69 on May 5. DOGE is currently trading at around $ 0.71 and has posted year-on-year gains of over 35,000%. However, May 8 will be a critical day for DOGE, as Elon Musk’s appearance on Saturday Night Live may dictate what lies ahead for the coin and, quite possibly, impact this alleged alt season as well.
The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun.
Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week.
ETC hits $ 180: Bull market or “casino market”?
In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains.
This year has also seen a curious shift in market focus from a token’s use case to the culture around it. This was epitomized with Dogecoin (DOGE), the high flyer of 2021, which has gained over 7,000% since January.
Memes and other social triggers likewise seem to be driving progress in this week’s round of breakouts, with ETC exploding in value without any noticeable changes. TEL has benefited from a successful layer-2 migration.
“Casino market hypothesis,” Blockstream CEO Adam Back responded during a Twitter debate about why the altcoin market was delivering such results.
As Cointelegraph reported, Back had also referred to luck of the draw as driving DOGE’s rise in fortunes.
Others noted that investment in ETC, in particular, may not only be short-sighted but dangerous: in its four-year existence, its blockchain has suffered multiple 51% attacks, pointing to a lack of security and resilience which is absent from Bitcoin and the “newer” Ethereum (ETH).
Price volatility was also recorded, with ETC trading at a giant 50% premium on Coinbase as prices took off on Wednesday.
Nonetheless, fans were unperturbed and appeared not to be in a hurry to exit their positions.
Last week, dad told me he bought $ ETC at $ 30 and I told him he bought the wrong Ethereum and there’s no usecase or adoption at all. He sold it immediately after and it’s now at $ 140. Gonna disown myself first before he gets to do it.
Silbert himself reminded Twitter followers of ETC’s price journey since inception in 2016 — from $ 0.50 to over $ 180, and a three-year high against Bitcoin.
Asked if he was “happy” with what had happened, Silbert said that Thursday had been a “good day.”
ETC is now the 13th largest cryptocurrency by market cap, having begun the year in 38th position. Spillover from increased interest in ETH is a constant topic when it comes to its legacy parent, with data from sentiment resource TheTIE showing that ETH tweet volumes surpassed those involving BTC for the first time.
“Classic” altcoins emerge from hibernation
Meanwhile, Bitcoin is repeating moves of a different, less favorable kind as the week draws to a close. Having once again failed to tackle resistance at near $ 60,000, BTC/USD was back at $ 56,000 on Friday, having dropped to lows of $ 55,400.
Despite the relative lack of upside, however, longtime market participants remain wholly signed up to the bull market mentality.
“BTC, ETH and the whole market keep pumping and pumping, unreal,” Simon Dedic, managing partner at blockchain advisory and investment firm Moonrock Capital, summarized on Thursday.
“After 2 years of bear market, you learn to appreciate every single day of a bull market. Don’t take this market for granted. Stay humble, stay thankful, stay rational.”
As Cointelegraph reported, many altcoins on the market longest of all have seen a return to form in recent weeks.
Photos from nearby Broomlands Street show several police cars blocking the street and directing people away from the street. One eye witness described it as a “major incident”. It is not yet known what the police are responding to or if the polling station, Maryrs Church Hall, has been closed.
Locals took to Twitter to report the incident, with one person writing: “Some kind of major incident at well street in Paisley.
“Several police vans, cars and several incident support unit outside a polling station.”
They added: “Just we had to pass it by en route and it was a pretty scary sight!
“Cldnt [sic] see anything as road completely blocked by so many vehicles.”
Another person wrote: “Anyone got any idea what’s happened on Broomlands Street at the Church/Polling Station?
“Police everywhere directing traffic away from the street.”
Express.co.uk has contacted Police Scotland for a comment.
Scots head to the polls today to elect the new members of Holyrood.
The SNP is on course to win a fourth term in office, but it is not yet clear whether they will secure an overall majority.
Voters will head to the polls on Thursday, May 6, from 7am to 10pm.
Anyone who is aged 16 and over is eligible to vote in the election.
The long-anticipated re-opening of non-essential retailers across the UK has triggered a double-digit weekly rise in the number of people visiting shops, shopping centers, and retail parks.
According to data tracked by retail analyst group Springboard, footfall to retail destinations across the nation before 10am local time jumped 218% against last week. That still leaves the number of shoppers 14.7% lower than on the same day two years ago. Also on rt.comRe-opening pubs won’t require Covid-19 passports, but considering them for domestic use is ‘the right thing to do’ – minister
At this point in 2020, the UK was under its first strict lockdown due to the first wave of the Covid-19 pandemic. Footfall across all UK destinations is up by more than 505% if compared against last year.
The analysts added that UK footfall to shopping centers alone rose by 340% week-over-week. The number of visitors on high streets grew by nearly 233%, with footfall to retail parks rising 58.2% week-on-week.
At the same time, retail parks were 12.6% busier than they were two years ago, though the high street is still 31% quieter than in 2019. Also on rt.comVaccine passports to bolster British economy and combat impacts of Covid-19 crisis – finance minister
With infection numbers falling in Britain, the country’s authorities have taken some steps towards easing the previously imposed restrictions, with shops, hairdressers, gyms, and pub gardens reopening early on Monday. Outdoor hospitality venues including museums, theme parks, and zoos are also welcoming visitors back.
For more stories on economy & finance visit RT’s business section
While bullet hell shmups are usually all about retro-style pixel art depicting dark, foreboding locations, this upcoming eShop release discards all that for something a little different.
Skyland Rush – Air Raid Attack has all the devils, witches, monsters, and more that you might expect, but throws them all into a cutesy visual pot that’s a little easier on the eye. There are items and coins to grab, powerful charms to collect, and obstacles to smash or dodge as you explore each level Skylandia has to offer.
The game’s making the leap from mobile to land on the Switch eShop as a console exclusive, ditching the microtransactions for a flat fee as is usually the case. It’s launching in North America on 22nd April, with a European date still to be confirmed. Here’s a feature list:
Features: – Tap to balance the jet in the air – Shoot as many creatures as possible to increase your score – Use powerful charms to skyrocket your score – Get permanent Upgrades for your journey – Beware of puzzling traps in your skyway – Explore action-packed game blocks of elevating difficulty – Complete challenging missions and claim the rewards – Brace yourself, Guardians may toughen your journey – Collect egglings to unlock “Awakening” and to meet the Titans – Get a chance to win prizes in the Lucky Boards bonus games – Enter the Speed Challenge and compete in the global leaderboards
You can pre-order Skyland Rush – Air Raid Attack ahead of release for £5.39 in Europe, or for $ 6.99 in North America.
As ever, feel free to share your thoughts on this one in the comments below.
Update [Sat 20th Mar, 2021 15:30 GMT]: The latest issue of V-Jump has revealed Yu-Gi-Oh! Rush Duel: Saikyou Battle Royale!! will arrive in Japan this Summer (via Gematsu). It will include a “game-original” story featuring characters from the anime, Yu-Gi-Oh! SEVENS. The official game website has also gone live.
Original article [Sun 20th Dec, 2020 07:45 GMT]: At Jump Fiesta 2021 Online this weekend, Konami announced Yu-Gi-Oh! Rush Duel was in development for the Switch.
This latest take on the card game series first appeared in Japan alongside the Yu-Gi-Oh! SEVENS anime earlier this year, and is the seventh Yu-Gi-Oh! show. Gematsu provides a little extra insight about what players can expect from the Switch version:
Players can Normal Summon any number of monsters from their hand in one turn, as well as draw until at least five cards are in their hand.
In the Switch game, players will be able to battle against the characters that appear in the Yu-Gi-Oh! SEVENS anime.
The anime itself hasn’t even been localised yet, although a trademark for an English version was filed in June this year. If this goes ahead, perhaps the Switch game will follow.
If you want a Yu-Gi-Oh! fix sooner rather than later, why not try out Yu-Gi-Oh! Legacy of the Duelist: Link Evolution which is available on the Switch eShop right now.
Would you be interested in playing a game based on the latest Yu-Gi-Oh! series? Tell us below.
Airlines are starting to position their businesses for a recovery with new aircraft orders as more Covid-19 vaccines are distributed globally.
United has moved up the delivery of 40 Boeing 737 MAX aircraft to 2022 and altogether has 188 orders for the single-aisle max jets. The deal comes as United continues to push for a third government bailout.
As the fourth-largest US carrier plans to purchase dozens of airplanes while seeking government help, RT’s Boom Bust talks to Octavio Marenzi of Opimus LLC to find out whether air travel demand will recover quickly by 2022.
“Airlines like United have to sell the story to the government that they’re going to be around and they are going to carry on transporting people and carry on employing people,” Marenzi said.
READ MORE: Boeing backs decision to suspend 777s with P&W4000 engines by US and Japan, recommends airlines follow suit
According to the analyst, placing the bet on buying all sorts of jets is very risky on the part of United.
“The idea that travel is going to fully recover, and recover that quickly is a very-very bold bet,” Marenzi said.
For more stories on economy & finance visit RT’s business section