Author: Staff Writer
Blockchain games powered by NFT have revolutionized the gaming industry by making players the key financial beneficiaries and decision-makers. We have compiled a list of the most anticipated games to keep readers informed about the future of play-to-earn gaming. The emergence of crypto-P2E gaming Previously, the gaming world was a source of amusement for players trying to surpass their friends’ high scores or compete in international gaming competitions. Even if they are not professional eSports players, gamers may now get paid for winning their favorite games. Play-to-earn blockchain-based online games allow players to earn crypto as incentives or sell in-game…
The internet has evolved since its inception. There has truly been a shift in how people interact with it, first passively, then actively, and as growth would have it, we will soon interact with the internet in a decentralized manner, a term called Web 3.0. Web 3.0 is a new and somewhat vague concept, but we will try to break it down into bits and explain how the crypto market fits in the picture. Web 3.0 acts on five major features: There’s the evolution of the semantic web, which means search results will be generated according to how relevant they…
Audius, a decentralized music-streaming service with the backing of Katy Perry and other high-profile musicians, has built an FM radio tower on a blockchain-based site, integrating its library of music on a gaming platform. Gamers on the DeFi Land platform will have access to millions of songs on music from Audius as they spend time learning about decentralized finance on the play-to-earn site. That move should provide further exposure to the tokenized music model run by Audius, which was called a “Spotify rival” by Rolling Stone Magazine earlier this year. The Audius streaming platform, which allows users to upload their music, aims to give…
If you own some Bitcoin, you may be tempted to hold on and hope for the best. That may take a while, since Bitcoin and other cryptocurrencies have slipped into a bear market—Bitcoin is off more than 28% from its record high, recently trading around $47,500. But some owners of cryptos aren’t just banking on higher prices. They’re acting like bankers themselves, handing their holdings to lending companies and pocketing interest on loans. Lending Bitcoin can generate annualized yields from 3% to 8%. Yields on smaller “alt-coins’’ reach double-digit rates. And stablecoins like USD Coin —designed to maintain a fixed $1 value—may earn 10%. “We…
As the global digital currency race heats up, Circle CEO Jeremy Allaire thinks the broader stablecoin adoption expected to come with regulatory clarity from Washington can give the United States a needed edge in minting the financial system of the future. Testifying along with five other crypto leaders at Wednesday’s landmark congressional hearing, the digital payment provider’s chief executive officer said the U.S. is beating China in stablecoin transactions with trillions of U.S. dollar-backed payments carried out, compared to $10 billion completed by China’s central bank in its experimental digital yuan program, though clearer rules for mass use are needed…
The first weekend in December was no fun for cryptocurrency investors. As Friday night gave way to Saturday morning on Wall Street, prices of the leading tokens plunged, with bitcoin losing about a fifth of its value. Exactly who was selling remains a mystery, but a tantalising clue has been dropped by one of the more plugged-in people in the digital asset world: Brian Brooks. A top banking regulator under Donald Trump, he has served as chief legal officer of one crypto exchange, Coinbase, and briefly as chief executive of another, Binance US, and now heads bitcoin miner Bitfury. Appearing…
In today’s frothy crypto environment, where nine-figure venture capital rounds seem to be handed out to startups like foam fingers at a football game, it can be easy for a casual observer to assume that all participants are blindly following FOMO-driven over-exuberance. However, there is significantly more going on below the surface. For instance, while firms like Andreessen Horowitz (a16z) and Paradigm Ventures make waves with headlines trumping their $2+ billion funds to invest in the next wave of Web 3.0 companies, leading crypto firms are starting to rewrite the rules of venture capital on their own terms. As an…
Some of the largest Asian venture capital firms and crypto hedge funds will invest $100 million to further develop applications on a new blockchain called Assembly under the IOTA network, co-founder Dominik Schiener told Reuters in an interview. IOTA is a distributed ledger network similar to blockchain. Assembly will focus on decentralized finance (DeFI), non-fungible tokens (NFTs), and cryptocurrency games, Schiener said. DeFi projects, facilitating crypto-denominated lending outside traditional banking, and NFTs, which are digital assets certified to be unique and not interchangeable are two of the fastest-growing crypto sectors. Many blockchain companies around the world have pivoted to cater…
The price action in Shiba Inu (CCC:SHIB-USD), like many altcoins, is largely based on community. This idea of a shared community is also the driving force behind social media. But my children will likely never be on Facebook (NASDAQ:FB) because in their minds if their father can be on it, it must not be that fun. In the same vein, the SHIB army has been saying it is always looking for new recruits. I believe them, but that was when the goal was to hold on to the altcoin for dear life. They called it “hodling.” Now it appears investors are taking a more practical…
Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView November CPI conforms to expectations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD running to $50,132 on Bitstamp as the data became public Friday. An hour before the Wall Street open, the pair had already hit its highest level in over 24 hours. CPI had been hotly awaited by both crypto and traditional finance analysts alike, with opinions favoring at least a 6.7% year-on-year increase for November, and even over 7%. In the event,…