BTC Touches $42,000, ETH Notches10-Day Peak

BTC Touches $42,000, ETH Notches10-Day Peak
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The crypto market was mostly in the green territory on Thursday, with Bitcoin recovering all of the previous day’s losses and even surged to a 10-day high beyond the $42,000 level.

Bitcoin was trading at $42,484.88, up 3% in the last seven days, data from Coingecko show.

Ethereum followed suit with a similar local high, but the majority of the crypto market remained in the green on a daily basis.

Following yesterday’s bounce, bulls continued to push prices higher. BTC surpassed the $42K mark after breaking over a critical resistance point, while ETH also surpassed its own $3,150 ceiling after temporarily dropping below $3K earlier in the week.

Suggested Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position

Bitcoin has recaptured the critical $42K milestone following a week in which the price fell as low as $38,000. This robust performance and the steady price advances signal the possibility of a new bull run in the coming days.

Robust Performance For Bitcoin

The cryptocurrency achieved another minor milestone in the last 24 hours, surpassing the January 2021 all-time high of $42,000 for the first time since April 11. As of this writing, it is slightly below that threshold, with a market valuation approaching $800 billion.

If Bitcoin’s momentum finally reverses, market analysts may begin to see an influx of bulls, perhaps pushing price towards the impending resistance level of $42,700.

Crypto total market cap at $1.92 trillion on the daily chart | Source: TradingView.com

Anticipation Grows For ETH Upgrade

The price of Ethereum has been unusually volatile in recent weeks as anticipation grows for the cryptocurrency’s huge software upgrade.

Investors and developers have coined the term “the Merge,” and it is expected to occur in the next months.

Tim Beiko, an Ethereum engineer, tweeted on April 11 that “the Merge” will not take place in June as previously projected.

Bitcoin’s massive increase is the result of large crypto traders accumulating more of the cryptocurrency at a discounted pricing.

Suggested Reading | Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest

Additionally, significant liquidations in the futures market, notably in long positions, have pushed Bitcoin’s price above $41,500.

On the other hand, this massive liquidation implies that a major portion of the trading community has lost interest in the world’s largest cryptocurrency.

Meanwhile, economists anticipate Bitcoin will approach $45,000 if buyers overcome initial resistance at the $42,000 peak. Once the $45,000 overhead obstacle is overcome, a rally to the $48,000 overhead resistance is achievable.

Featured image from Barron’s, chart from TradingView.com

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GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF

GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF
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Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings.

Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs.

Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETF

After a problematic year so far, GBTC has benefitted from steadying Bitcoin price action.

Bitcoin’s descent from November’s all-time highs added to an already negative “premium” on GBTC, meaning that its share price, in fact, traded at a discount to the Bitcoin spot price. That discount hit its deepest ever in January when the GBTC premium nearly hit -30%.

Since then, a reversal has been underway, and as of April 21, the premium is -21.4% — near its smallest for 2022.

GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass

The premium results from trading sentiment, and Grayscale has come under pressure over the past year, especially since the approval of the first Bitcoin futures-based exchange-traded funds (ETFs) in the United States.

Grayscale CEO Michael Sonnenshein and other industry figures have been vocal critics of regulators in Washington, who, while approving futures ETF products, continue to reject a Bitcoin spot-based equivalent.

The Securities and Exchange Commission (SEC), which approves candidates based on laws dating from as far back as 1933, has come in for particular public scorn as other countries, as most recently Australia beat the U.S. to the launch.

Earlier this month, the SEC approved another futures-based ETF, this time based on the Securities Act of 1933 act rather than the Investment Company Act of 1940 previously used. This was a milestone, Sonnenshein told CNBC this month. It effectively backs the SEC into a corner with fewer and fewer excuses for not breaking down the barriers to entry for a spot ETF alternative.

“It really is, in our opinion, a matter of ‘when’ and not ‘if,’” he explained to the network.

“If the SEC can’t look at two like issues, the futures ETF and the spot ETF, through the same lens, then it is, in fact, potentially grounds for an Administrative Procedure Act violation.”

Matt Hougan, CEO of ETF provider Bitwise, said in the same interview that a spot ETF “is what people actually want” in terms of institutional investment products linked to Bitcoin.

As Cointelegraph previously reported, futures ETFs have previously faced criticism of their own as commentators argue that they solve none of the pain points that a spot product would while potentially bringing new ones of their own.

Nasdaq highlights “surging” institutional demand

Meanwhile, a survey by Nasdaq of prospective U.S. investors revealed that over 70% of those asked would consider gaining exposure to Bitcoin via a spot ETF should one be made available.

Related: Bitcoin spot vs. futures ETFs: Key differences explained

“The vast majority of advisors we surveyed either plan to begin allocating to crypto or increase their existing allocation to crypto,” Nasdaq’s head of digital asset index research, Jake Rapaport, commented in an accompanying press release issued April 11.

“As demand continues to surge, advisors will be looking for an institutional solution to the crypto question that now dominates client conversations.”

The survey also found that 86% of advisors already invested in crypto planned to increase that exposure in the coming year.

GBTC had 640,930 BTC in holdings as of April 21, worth $26.9 billion at the time of writing.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency – Regulation Bitcoin News

Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency – Regulation Bitcoin News
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Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities.

Justice Ministry Regulates Confiscation of Digital Coins in Belarus

The Ministry of Justice of Belarus has established a legal procedure for the seizure of cryptocurrency funds as part of enforcement proceedings, the crypto news outlet Forklog reported, quoting an announcement released by the department.

The measure aims to implement a decree by President Alexander Lukashenko pertaining to the country’s crypto space. Signed by the Belarusian leader in February, it orders the creation of a special register for crypto wallet addresses used for illicit purposes.

Authorities conducting the criminal process will account for the seized or forfeited crypto funds, the justice ministry detailed. Its document dated April 14 also covers the foreclosure of digital assets as part of confiscations of debtors’ property and regulates their valuation.

The government in Minsk had three months to take the necessary steps to implement Lukashenko’s latest crypto-related order after which it will enter into force.

Belarus legalized various crypto activities with another presidential decree signed in late 2017 and enforced in May of the following year. It introduced tax breaks and other incentives for crypto businesses operating as residents of the Hi-Tech Park (HTP) in Minsk within efforts to develop the country’s digital economy.

The former Soviet republic, a close ally of Russia, does not allow the use of cryptocurrencies in payments. Nevertheless, Belarus ranks third in the region in terms of crypto adoption, according to the Crypto Adoption Index produced by blockchain analytics firm Chainalysis, largely due to strong peer-to-peer activity.

In March last year, Lukashenko hinted at a possible tightening of the country’s crypto regulations and referred to China’s policies. However, HTP officials later clarified that Belarusian authorities had no plan to adopt stricter rules for the industry. What’s more, in February of this year, the Ministry of Finance proposed amendments that will allow investment funds to acquire digital assets.

Tags in this story
Belarus, belarusian, confiscation, Crypto, crypto assets, Cryptocurrencies, Cryptocurrency, Decree, foreclosure, justice ministry, Regulation, Regulations, Seizure

Do you expect Belarus to change its policies towards cryptocurrencies? Let us know in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets

Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets
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As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets.

Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it’s highly unlikely that governments around the world would manage to ban the use of noncustodial wallets one day.

“It’s very improbable that all the countries would ban noncustodial wallets, or any other aspect of Bitcoin’s peer-to-peer network for that matter,” the CFO told Cointelegraph.

Uherik said that potential efforts to ban noncustodial wallets would likely be similar to certain countries banning things like cryptography or torrents in the past. “The adoption of these technologies continued unabated. In some sense, governments’ attempts at banning certain technology are good marketing for said technology,” he noted.

Also known as self-custodial wallets, noncustodial cryptocurrency wallets are designed to grant the user full control of the owned crypto. In contrast to custodial wallets, noncustodial ones remove the need to rely on a third party which could recover, freeze or seize the user’s crypto assets. This makes the user solely responsible for storing the private keys.

As noncustodial wallets essentially enable users to “be their own bank,” many financial regulators and banking institutions became worried about potential risks behind such tools.

Earlier this week, a major bank association in Russia proposed to criminalize certain use cases of noncustodial wallets due to reasons like the complexity of seizing crypto assets from such wallets. Previously, a European Parliament’s committee approved a regulatory update that could potentially interfere with exchanges’ ability to deal with noncustodial crypto wallets.

There are apparently a few ways for governments to limit the usage of noncustodial wallets but there is no possibility to ban it completely, according to the SatoshiLabs CFO.

Governments could try to ban certain noncustodial wallets through mobile app stores as there are only two dominant mainstream mobile app providers, Google and Apple, Uherik suggested, adding:

“Such a ban would be easy to enact, but it would cover only a portion of noncustodial wallets and would likely motivate users to look beyond the popular app stores. Hardware and desktop wallets would be unaffected.”

Any efforts to ban noncustodial wallets would also lead to strong backlash from consumer protection non-governmental organizations because such censorship “has no place in civilized countries,” he said.

Related: Crypto industry fires back after EU vote to block ‘unhosted’ wallets

Uherik also stated that open-sourced hardware wallets are resistant to any ban, while hardware wallet makers are in a better situation than most other Bitcoin firms regulatory-wise, because they don’t offer custodial solutions or financial services. He concluded:

“Governments can slow the adoption of Bitcoin, but Bitcoin will prevail in the end. Bitcoin is an idea whose time has come, and nobody can fight that.”

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Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistance

Goldman Sachs reportedly eyes FTX alliance with regulatory and public listing assistance
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Goldman Sachs is reportedly pursuing an alliance with one of the top cryptocurrency exchanges FTX.

The chief executive officer of Goldman Sachs David Solomon reportedly met with Sam Bankman-Fried, the founder of FTX in a closed-door meeting in March to discuss various prospects of working together, reported Financial Times.

According to the report, the major points of discussion were around mitigating regulatory compliance in the United States and Goldman Sachs offered to help them, especially with the Commodity Futures Trading Commission. Apart from regulatory assistance, the Wall Street bank also offered to help with future funding rounds.

The latest report highlights the growing relationship between traditional Wall Street giants and emerging crypto companies. Goldman Sachs has also shown interest in helping FTX with its public listing. However, people familiar with the matter claimed that Bankman Fried is currently looking for more private fundraising opportunities.

Related: FTX crypto exchange wins license in Dubai to open local headquarters

FTX has racked up a valuation of $32 billion after three funding rounds ranging in hundreds of millions of dollars. The last funding round came towards the end of January when the crypto firm closed a $400 million funding round, which is also the smallest of the three funding rounds.

Goldman Sachs like many other Wall Street giants has come a long way from its early days of Bitcoin bashing and currently looking to take a pie in FTX, one of the biggest crypto market companies at the moment.

Goldman Sachs and FTX didn’t respond to requests for comments from Cointelegraph at the time of publishing.

The reports of an alliance between one of the biggest wall street banks and one of the largest crypto exchanges come at a time when FTX had filed an application with CFTC requesting to eliminate brokers such as Wall Street banks in the financial markets with its crypto futures products.

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‘Everyone Has a Right to Access Funds and Financial Freedom’ – Interview Bitcoin News

‘Everyone Has a Right to Access Funds and Financial Freedom’ – Interview Bitcoin News
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Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them.

Regulatory Uncertainty and Ignorance

There may be several different reasons why this is the case, but as many in the crypto space have acknowledged, regulatory uncertainty and ignorance are often the key factors that dissuade prospective users from adopting this fintech.

Therefore, in order to overcome these and other barriers, entrepreneurs like Tadii Tendayi, the CEO and co-founder of Bitflex, have or are launching fintech solutions anchored on blockchain tehcnology. To understand how Bitflex is aiming to use the blockchain to benefit the masses, Bitcoin.com News recently reached out to the CEO via Linkedin.

Below are Tendayi’s answers to questions sent to him by Bitcoin.com News.

Financial Freedom a Human Right

Bitcoin.com News (BCN): Can you start by telling our readers what made you decide to start this project and who else is behind it?

Tadii Tendayi (TT): BitFlex was born out of the need to improve access to digital assets for Zimbabweans. It was registered in 2017. Given Zimbabwe’s current economic situation this is the easiest way to pay for products abroad.

BCN: Is your startup already profitable or will this take a bit longer to achieve?

TT: This will take a bit longer to achieve as right now Bitflex is focused on building strategic partnerships and supporting vulnerable communities through crypto.

BCN: You say their firm’s objective is to increase Zimbabweans’ access to digital assets. Can you tell us why this is important?

TT: Financial freedom is a human right, not a privilege yet getting access to funding remains a challenge for third world citizens in Africa and in our case Zimbabwe. However, the great thing about open source and decentralized assets such as bitcoin, is that they do not see colour, creed or borders. Everyone has access to it and can interact with the blockchain, even without an internet connection. This nullifies the need for a centralized party to decide where, when and to whom you can send value. The other reason why it is important to improve Zimbabweans’ access to digital assets are sanctions imposed on the country by the U.S. which affect citizens who have nothing to do with any political qualms. The sanctions block Zimbabweans’ access to the global financial system.

BCN: Do you think enough Zimbabweans understand digital currencies or their usefulness to society?

TT: Absolutely! This goes without saying. However, the blockchain is something new, not only in Zimbabwe but around the world hence these things need to be addressed on a national scale with educational programs that enable us to keep up with the rest of the world.

BCN: Apart from receiving grants from Polygon and Celo, how else is Bitflex getting funded or from whom is your firm getting financial support?

TT: We have mostly been bootstrapping through our stakeholders and directors while working on building relationships. Bitflex has also received a grant from an amazing blockchain project called Gooddollar, which focuses on UBI (Universal Basic Income).

BCN: I understand your company had or has plans to do remittances using the blockchain. What is the latest and why did your company choose to do this using blockchain?

TT: While banks and other financial institutions are not as effective in processing money transfers, such services may no longer be adequate for today’s more dynamic and sophisticated money transfer needs. And while we do have third party services such as Western Union and World Remit, the blockchain is needed because it is faster and cheaper.

BCN: Bitflex also appears to be doing charity related work. Why is it necessary for a startup to be involved in such work?

TT: This is something that we believe is the goal of Bitcoin and our way of paying homage and attempting to shorten the wealth gap. Everyone has a right to access funds and financial freedom and we can achieve this through bitcoin. It’s also important to educate people about how cryptocurrencies can be used for social responsibility initiatives.

Everyone has a right to access funds and financial freedom and we can achieve this through bitcoin.

BCN: From your perspective as the president of a local blockchain association, do you see many African countries choosing to embrace this technology in the next five years?

TT: Absolutely! African governments are beginning to see the benefits of Blockchain such as Nigeria, Ghana and Kenya which are and/or have launched CBDCs (Central Bank Digital Currency). I personally believe and hope that Africa unites and creates a single Blockchain that works to benefit all participating countries like the European Union’s Euro. Although this is something that would need an immense amount of lobbying and coordination which isn’t easy or cheap.

BCN: A lot has been said about Zimbabwe being a country that is ideally placed to use cryptocurrencies, yet evidence on the ground suggests many are still hesitant. What do you think is the reason why many Zimbabweans are still not using or trading cryptos?

TT: I will answer this in two parts, the first part is I agree that Zimbabwe could benefit from adopting and integrating blockchain technology into its financial system similar to El Salvador while bridging the gap between fiat and crypto.

I do however think there is a lot of P2P trading within the country that is not put into the spotlight as there is no exchange but I can guarantee you that there is more P2P trading than you may expect.

BCN: What must be done to persuade these prospective users?

TT: There need to be platforms for users to trade and be able to exchange digital assets for local currency. Such as Coinbase or Binance. There is no reason why Zimbabweans shouldn’t have access to digital assets like our neighbours in South Africa, Nigeria etc.

Tags in this story
adoption, Africa, Binance, Bitflex, Blockchain, Coinbase, Digital Assets, Fiat, financial system, p2p, peer to peer trading, startup

What are your thoughts about this interview? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.














Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Goons of Balatroon (GOB) Raises $2.46M To Craft A Unique Free-to-Play-to-Earn (F2P2E) Card Game Metaverse

Goons of Balatroon (GOB) Raises $2.46M To Craft A Unique Free-to-Play-to-Earn (F2P2E) Card Game Metaverse
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Goons of Balatroon, a 2D/3D hybrid metaverse featuring Play 2 Earn card strategy gaming and land ownership built within the Elysium ecosystem, has just closed their most recent funding round with $2.46M in seed and private financing. The funding included backers such as Merit Circle, Jun Capital, Vulcan Forged, Faculty Group, Maven Capital, and Bullperks, alongside a handful of founders of companies including the HUSL, Lovelace and Rarestone Capital. The flagship product, a Trading Card Game (TCG), is unique in its use of complex element-tile strategies, wacky characters, and deep gameplay mechanics, never before seen in the P2E environment. Alongside this project, GOB is working on a land battler game that will also play a major part in the GOB ecosystem.

Goons of Balatroon Co-Founder, Mark says, “With the recent surge in play to earn games, we see an increased focus on the ‘earn’ function, and while this is absolutely an aspect of our environment, we believe a focus on making the game fun to play, first, is of utmost importance.”

The project boasts some notable names in its collection of partners. Vulcan Forged and Merit Circle have both put a lot of effort into the project, alongside The HUSL, Lovelace, Unizen, GSR Capital, MEXC, Synaps, Skyvision Capital, PlayNity, and ImmutableX. Vulcan Forged and Merit Circle both have advisors helping the project reach fruition. Experienced partnership goes a long way towards turning this vision into reality.

“Play to Earn gaming tends to have a very high-cost barrier of entry, we want to onboard users in a free to play manner, welcoming web2 natives to web3 without any initial need for a wallet,” Community manager Matthew states, “They can choose to scale their reward rates, through NFT ownership, at their own pace. Gamers seek to optimize and if we provide them the means, they will integrate at their own desired rate.”

The current iteration of the project has been developed in-house with a view to being fun first and play-to-earn second. TCGs are the most natural fit for NFT products since unique, individual cards already hold value in paper collections. GOB intends to offer that same value system for digital assets. As a digital card game built and tested in-house, the project has great promise for the future. The company sees GOB as being a hit with competitive TCG players because of its rich strategy elements and the introduction of 2D/3D aesthetics that will appeal to gamers from multiple platforms.

 

The cross-integration of gaming on the Elysium chain opens immense possibilities for TCGs. Combining the rich lore of a well-developed game with solid mechanics and replayability packed into a competitive, community-first game is a unique approach to crypto gaming. The core of the game is its players, and GOB recognizes this, creating a unique gameplay loop that utilizes the full power of the Elysium chain alongside a vibrant community supporting its development.

By integrating the game into the Vulcan Forged Elysium ecosystem, GOB opens the doors to an interchange of NFTs between other projects on the Elysium chain and their own. GOB is already partnering with Vulcan Forged to develop a wider metaverse based on the TCG and land battler. The wider metaverse is a key part of the Elysium chain and will allow for seamless use of NFTs across each part of GOB’s software offerings. Land NFTs and other small minigames are intended to form part of this extended metaverse, with collectibles being usable within the GOB TCG.

At the heart of the project’s metaverse is the $GOB token. This is an ERC20 token dropped via a TGE on ETH and is currently being bridged to Elysium. GOB expects to launch the token via several public launchpads. IDO + CEX and DEX listings are scheduled to happen by the end of April. The expected total supply will be 750 million $GOB.

 

 

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Leading BSC GameFi Projects Announce Massive $30,000 Airdrop Campaign

Leading BSC GameFi Projects Announce Massive $30,000 Airdrop Campaign
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It was recently announced that 15 leading GameFi projects on Binance Smart Chain (BSC) will host a coordinated airdrop with over $30,000 for participants. The participants include PlanetSandbox, Deathroad, MechMaster, AMAKUNI, MetaStrike, Rise of Defenders, Kingspeed, Ancient Kingdom, My Master War, Metaxiz, Heroes & Empires, Etermon, Hydraverse and Animverse.

In total, $30,000 worth of crypto assets is up for grabs. Rewards are made up of governance/utility tokens, non-fungible tokens (NFTs) and so-called hero boxes, and a total of 100 winners will be selected to share the prize pot. On average, total prizes from each project are roughly $2,000, with many split between multiple tiers.

To be in with a chance of winning, all users have to do is follow each of the projects on Twitter, log their entry here, and enter their BEP20 wallet address. Entries must be logged by 11.59 pm on April 27.

BSC Bonanza

Binance Smart Chain is carving out a reputation as the go-to GameFi network. Last December, the network teamed up with gaming giant Animoca Brands to launch a $200 million investment program to incubate GameFi projects building on BSC. The network now supports over 500 gaming dApps according to DappRadar.

For retail users around the world, BSC is an attractive alternative to ERC-20 assets as it boasts low transaction fees while maintaining speed and effectiveness. For this reason, many GameFi projects have built on BSC as a way to provide fair access to users around the world, while making sure scalability is not jeopardized.

As a result, BSC has become a magnet for leading GameFi projects, particularly in Southeast Asia. Southeast Asia, with strongholds like Vietnam and Indonesia, was the driving force behind the rise of Axie Infinity and the recent play-to-earn narrative which fueled the rise of GameFi in 2021. Beyond engaged users, Southeast Asia brings passionate gamers that are mobile-native and understand the mix of game mechanics and blockchain-savvy that is required to perform at a competitive level.

The First Airdrop of its Kind

Airdrops are a common mechanism to attract new community members and reward existing ones for their loyalty. In this case, 14 leading communities will combine forces, creating what is expected to be a massive wave of cross-adoption between platforms. Users will be exposed to new games while having a chance to win prizes that will immediately give them a leg up on the competition.

Prize Pool Specifics

The following prizes have been confirmed for airdrop winners:

  • $2000 worth of PlanetSandbox PSB tokens
  • 10 NFT SARU by AMAKUNI (~$2000)
  • $1000 worth of Rise of Defenders RDR tokens; 40 Boxes of Heroes
  • $1000 worth of KingSpeed KSC tokens; $1000 worth of KingSpeed NFTs
  • $1000 worth of Mech Master MECH tokens; $1000 worth of Mech Master NFTs
  • $1000 worth of MetaStrike MTS tokens; 50 Uncommon Boxes
  • $1000 worth of Metaxiz MEXI tokens; $1000 Common Boxes
  • $2000 worth of Etermon ETM tokens
  • $1000 worth of Heroes & Empires HE tokens; $1000 Genesis Rare Chest
  • $2000 worth of Deathroad DRACE tokens
  • $1000 worth of Ancient Kingdom DOM token; 8 Standard Boxes
  • $1000 worth of Hydraverse HDV tokens; 40 Standard Eggs
  • $1000 worth of MyMasterWar MAT tokens; 20 NFT Heroes (~$1000)
  • $2,000 worth of Animverse ANM tokens

By participating in Binance Smart Chain’s latest headline-grabbing campaign, companies like Planet Sandbox, DeathRoad, Etermon and others will be looking to attract yet more interest in the network’s fast-growing GameFi ecosystem. The partnership can be looked at as a coalition of sorts, where games can use each respective competitive advantage to build a combined network effect to help the ecosystem flourish as a whole.

The best part is that the airdrop is easy and straightforward. A reminder for interested gamers: all you need to do is follow each project on Twitter, document the record of this action here, and submit your BEP20 wallet address. Make sure to do so by April 27 as well.

 

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Game Studio Blizzard Is Polling Players About Crypto and NFTs – Games Bitcoin News

Game Studio Blizzard Is Polling Players About Crypto and NFTs – Games Bitcoin News
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Blizzard, a game studio and part of the Activision-Blizzard company, has started polling some gamers about the use of NFTs and cryptocurrency elements. The survey, which was only directed to some of its players, raised rumors about the possibility of the company introducing some of these elements into its games. However, Mike Ybarra, head of the studio, denied this possibility.

Blizzard Makes Selective Poll, Includes NFTs and Play-to-Earn Subjects

Blizzard, the game development studio that created franchises like Starcraft, Warcraft, and Overwatch, is polling some gamers about their opinions when it comes to NFTs and play-to-earn mechanics. According to sources on social media, the poll consulted players about issues that included other, more common topics for a gaming company, like augmented reality and cloud gaming.

However, there was a section that asked directly about the opinion and the feelings of these users on the inclusion of NFTs and cryptocurrency elements in some of the gaming IPs (intellectual property) of the company. While the survey did not directly point to the implementation of these mechanics into any game, it did raise worries in some gamers about the possibility of this being in the works.

However, the head of Blizzard, Mike Ybarra, denied the idea, declaring:

No one is doing NFTs.

NFTs in the Future

Fans of Blizzard were surprised by the answer of Ybarra and the survey, deeming the situation illogical. However, this poll might be related to the future of Activision Blizzard after the acquisition announced by Microsoft for almost $69 billion in January.

The future owner of the company, if the purchase clears the legal hurdles it faces, might be interested in taking some of Blizzard’s IPs to experiment with them, which would explain the existence of the exploratory poll. However, there has been no clear news about the origin of the poll.

NFTs and the play-to-earn phenomena have been hotly debated topics amongst gamers of AAA franchises, who have shown resistance to the adoption of these elements in traditional games. However, some companies have already included them in part of their business plans, even investing in companies involved in the field.

One of the most pro-crypto companies is Ubisoft, which has already launched its own NFT market, called Quartz, and has backed Animoca Brands, the company behind The Sandbox, one of the most well-known metaverse-based platforms. Square Enix president Yosuke Matsuda has also declared support for these types of features, highlighting their benefits in a new year’s letter.

What do you think about Blizzard polling gamers on NFTs and the play-to-earn movement? Tell us in the comments section below.

sergio@bitcoin.com'
Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap
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After yesterday’s Mint coverage around the incoming NBA NFT release, today’s drop was more… flop. Meanwhile, the long-awaited Coinbase NFT platform is finally opening it’s doors, albeit only to a limited amount of beta testers thus far.

A lot of hype with limited delivery in today’s Mint, but that’s just how the cookie crumbles sometimes. We’ll give you a quick dose of reality Monday through Friday with all the biggest stories around NFTs.

The Nightly Mint

Latest Mint: Coinbase’s NFT Platform

In a new announcement today, Coinbase shared that after first introducing Coinbase NFT last year, the company is finally rolling out the product. It started today with limited access for beta testers, based on their position on the waitlist. Ethereum, of course, is the first blockchain to be supported on Coinbase NFT; screenshots shared thus far have compared Coinbase NFT to the likes of Instagram, with profile pages, ‘followers’ and ‘following’ tabs, verified checkmarks, and comment sections. The crossover between social media and NFTs is inevitable, and Coinbase certainly could serve as the first true bridge.

Related Reading | Halfway To The Halving: What This Means For Bitcoin

Coinbase has taken heat for it's lack of movement on it's NFT product, but critics will need to shift their critique this week, as the company has finally unveiled it's beta version to limited testers. | Source: NASDAQ: COIN on TradingView.com

A Follow Up On NBAxNFT

Yesterday’s Mint praised the NBA for being one of the most aggressive sports leagues in the growing blockchain landscape. Unfortunately with aggressive moves, comes risk, and the dynamic NFTs – powered on Ethereum – released today fell short of expectations. ‘The Association’ collection had a contract error that did not limit or gate transactions as intended, leaving some users with the ability to mint over 100 NFTs.

The ‘Minty Fresh’ Take

A great recap from @TopshotTandy on Twitter to reflect how much of a mess today’s NBAxNFT release was. Kudos to the league for continuing to take risk, but as we’ve seen time and time again in this space, without diligent and careful engineers, things can go south quickly.

Related Reading | Did Vitalik Buterin Sign Up For This Subsocial Web3 Feature?

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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