On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture Partners (G2VP). Crusoe Energy Systems Secures $505 Million From […]
Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker.
Bezoge Earth, the creators of The Legends of Bezogia are thrilled to release the full theatrical trailer for their upcoming crypto-based MMORPG game where players from all around the world can come together and experience the wild and wonderful world of Bezogia. The Biggest Play & Earn Game You’ve Never Heard of The Legends of […]
Bitcoin has started a recent downtrend that is threatening its position above the coveted $40,000 level. This is presumed to be caused by major sell-offs in the market. However, exchange metrics continue to show that this is not entirely the case. Exchange balances have been plummeting for the past year pointing towards massive accumulation trends and this has come to a head after bitcoin exchange balances have touched a new 4-year low. Exchange Balances Plummet It is no secret that the bitcoin being left on centralized exchanges has been declining. However, the margin by which this has been on the decline is more important. Even during times when the price of bitcoin had been on a recovery trend and headed into a bull market, exchange balances continued to plummet. The result of this has been exchange balances hitting a new low, currently sitting at a four-year low. Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing This comes from months of consistent outflows that have been the order of the day. Even when bitcoin had reclaimed its position above $40,000 on several occasions, exchange outflows continued to surpass inflows, leading to the decline in the balances. BTC trading south of $40,000 | Source: BTCUSD on TradingView.com One of the most prominent outflows was recorded on April 14th when more than 25K bitcoin valued at $1.9 billion left centralized exchanges in a single day. The decline to 4-year lows was made public by on-chain data aggregation firm CryptoQuant in a tweet on Thursday. $BTC Spot Exchanges' Reserve hits over a 4-year low Live Chart👇https://t.co/52cmYEeYFo pic.twitter.com/BqB7koB5i0 — CryptoQuant.com (@cryptoquant_com) April 21, 2022 Bitcoin Outflows Not Slowing Down Despite hitting a new low, bitcoin investors are not letting up in their outflow activities. Wednesday, April 20th saw bitcoin outflows touch as high as $1.3 billion, continuing the same trend as that recorded on April 15th. Related Reading | Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps This carried on into Friday with a total of $1.7 billion in outflow already recorded for the digital asset in the last 24 hours. As the weekend draws close, a time when volatility can be quite low, the market may see the pioneer digital asset recover above $42,000 once more. 📊 Daily On-Chain Exchange Flow#Bitcoin $BTC➡️ $1.4B in⬅️ $1.7B out📉 Net flow: -$315.5M#Ethereum $ETH➡️ $557.2M in⬅️ $524.1M out📈 Net flow: +$33.1M#Tether (ERC20) $USDT➡️ $647.2M in⬅️ $668.5M out📉 Net flow: -$21.4Mhttps://t.co/dk2HbGwhVw — glassnode alerts (@glassnodealerts) April 22, 2022 The rate at which BTC is leaving exchanges suggests one thing and that is that investors are accumulating their cryptocurrencies. This has already been the case among whales but it seems like smaller investors are beginning to follow the same path. Featured image from IG, chart from TradingView.com
Many people including myself are loading up on Crypto whilst its on sale, hoping to make a chunk of change as it climbs back up to its ATHs. I think many people are assuming 'crypto goes down, crypto goes up' as the Ukraine invasion slowly drags out and comes to some sort of conclusion. Let's…
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NFT.com is aiming to cultivate a democratic, community-governed NFT headquarters to compete with the industry’s top marketplaces and data aggregate platforms.
NEAR was one of the big movers in today’s trading session, as prices fell by almost 10% on Friday. RUNE and EOS also slipped to end the week, with the latter also dropping by double-digits in the session. Near Protocol (NEAR) NEAR was one of the biggest tokens to fall on Friday, as a red […]
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It’s looking like a dismal end to the week for both crypto and equities alike with losses increasing.
The last year has proven that the emergence of Web3, NFTs, and play-to-earn are far from a fad. There are cultural shifts taking place today that show immense potential to completely flip traditional models on their heads – from how we look at content, gaming, finance, and more. Play-to-earn gaming has reaped massive rewards from this shift and is poised to continue to do so as societal adoption grows. However, in the early days of play-to-earn titles earning legitimacy and status, along too has come inherent barriers to entry. The costs of acquiring many of the base-level NFTs just to get involved in some of the biggest P2E titles today have become so high, that there are rent-seekers that have started to gate the experience. Additionally, some play-to-earn titles have implemented a sort of subscription model, and others merely have entry prices that run into many thousands of dollars. High costs aren’t the only concern, as even some of the biggest play-to-earn titles have faced challenges around blockchain vulnerabilities. Additionally, the traditional gaming environment has been hesitant in accepting the play-to-earn structure, and the costs of developing a strong gaming title are high. While not all of this is entirely avoidable, one project – OpiPets – is carving their own niche by rewarding their community with crypto, at no cost, whilst offering a gaming first approach to their yet-to-be-released title. OpiPets: Addressing Price Disparity OpiPets is bringing to market a free P2E title that will enable users to create, battle, obtain and trade their OpiPet NFTs. The platform will integrate a two token system, one token serving as a governance token and the other as the in-game currency, a “cross-functional” token in the Opis Group ecosystem. For example, the in-game currency will be a token that can also be earned via the Opis Cloud app. Unlike many current play-to-earn approaches these days, users in OpiPets can earn in-game currency without spending real money – simply through engaging with the game. The OpiPets team explained the free-to-play structure of the game in a recent AMA, stating; “OpiPets truly is a free to play to earn game and we believe one of the first of its kind. Users can create an account and begin earning in-game tokens without the need to connect a wallet or deposit anything at all.” Users can connect their wallet later when they’re ready to withdraw earnings, mint a custom NFT, or go to battle. Why It Matters Play-to-earn titles deserve a level point of entry for new participants, and OpiPets is focused on exactly that – while still bringing P2E project necessities, such as hand-drawn characters, a transparent team, and a clear vision. “We have a very experienced team, more than capable of delivering on our promises,” stated Vince Howard, Head of Marketing. “Our team comes from prestigious backgrounds, such as; Call of Duty, Epic Games, Swissborg, BBC, NBC Universal, United Nations, Microsoft Azure, KPMG and Sony Pictures.” OpiPets is in a unique position in comparison to many play-to-earns. Rather than having to rely on an initial token sale offering to develop the game, the OpiPets team is already funded. The game is in development and due to launch in Q3 2022. Consequently, the team has been able to focus on delivering an enjoyable game for their community. “The thing that really sets us apart from other projects is that we focus on gaming first,” added Vince. “A lot of these ‘games’ feel more like work to earns with no enjoyable features that really define a game. We’re putting the play in play to earns.” As players explore new treasure drops, dungeon raids, virtual stores, and more, they can do so while engaging with an environment that is focused on keeping a user-first experience. No multi-thousand dollar investment, no renting, no monthly subscription costs – just a true gaming experience that allows you to earn as you play. Image: Pixabay
