Author: dfmines

Traditional gaming is moving to the blockchain, and in more ways than one. CoinTelegraph recently reported on this, for the full deep dive check out the article here. Let’s revisit here why industry is about to explode and here is why: The gaming industry is growing, FAST. The number of gamers sits at 3.24 billion per a recent report from Statista.  With the expansion of mobile network users across Latin America and Asia over the next decade this number will only continue to grow. Blockchains make it possible for gaming economies to organically form. By adopting a Play-To-Earn model, the economy itself is wired to go viral. Blockchains can make this process more seamless. And as a plus, blockchains are borderless. Players in Turkey and Canada have no barriers to enter. Public blockchains are open to all and permissionless. Any user who has a cell phone and an internet connection is welcome to participate. The onboarding process is easy and open to all. Open protocols collapse and compress the cost of existing technologies. Public blockchains are open protocols. The Binance Smart Chain (BSC) is an open protocol. Anyone can build games on Bsc. Economic difficulties and opportunities Could Make Play-To-Earn a Real Job. With increasing inflation across the US and the world, millions are looking to start side jobs to increase their income. 4.4 million in the US alone outright quit their jobs. With increased numbers involved and gaming and entertainment, a play-to-earn economic model could attract millions into a new Metaverse-based economy. Instead of going into gaming to escape, imagine gaming for a living, or a viable side hustle. It would make participation in such an economy as organic as one could imagine. Blockchain Gaming Blockchain technology provides the most direct route to a Play-To-Earn economy that is global, inclusive and organically viral. Looking into the boom into blockchain gaming that is entering the Metaverse, let us look into a few games. Alien Worlds, is a game built on the Wax blockchain. In the game, players compete for a scarce resource, TLM, which they use to enhance their power in the game by staking and voting in a DAO. Alien Worlds had over 1.5 million players in the past 30 days, surpassing Axie Infinity as the most popular crypto-based video game in the world. TLM is also an actual cryptocurrency that has doubled in value in the past month from $0.19 to $0.38. Another up-and-coming game is CryptoMines, which is a SciFi play-to-earn NFT game where players compete to collect Workers and Spaceships to travel through the universe searching for a cryptocurrency called $ETERNAL. It has seen 229,000 users on its platform over the past 30 days. CoinFantasy In this nascent and rapidly growing gaming metaverse, CoinFantasy is securing a position as a leader in the fantasy gaming sector.  CoinFantasy has its skin in the game with its upcoming gamified fantasy crypto markets. CoinFantasy’s Play-To-Earn model allows anyone to participate. To join in users only need to take three steps: They join a contest you want to participate in. They select a basket of crypto assets they believe will increase in value. Winners earn real money as well as level up in the platform that allows them to mint NFTs & get exclusive access to Metaverse There are over 100 unique NFT player card attributes with different rarities. These NFTs will allow users to participate in crypto fantasy club events and also entitled to collectibles & in-game merchandisers GameFi, with its Play-To-Earn model and the metaverse, will continue to rise and what it can mean for the world. Can it mean a new world economy? Can it mean an opportunity for everyday people to improve their situation in life? The next two to three years of this economy will be telling and exciting, to say the least.    

Konzum, Croatia's largest supermarket chain, has just introduced an option to buy groceris with crypto in their on line stores. You can pay with Bitcoin, Ethereum, Bitcoin cash, EOS, DAI, XRP, Stellar Lumen, USDT, and USDC. Their future plan is to implement that in physical stores. This is being implemented in cooperation with croatian fintech…
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2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has closed its Series B funding round again, raising an additional $50 million. The funding round was led by U.S.-based 10T and Tribe Capital, with the participation of other new investors. 2TM Gets […]

India continues its flirtation with Bitcoin and other cryptocurrencies. The Indian Parliament’s winter sessions started, and, as it turns out, BTC won’t be the star of the show. In fact, the lower house of the parliament asked the Finance Minister point blanc if there was a proposal to recognize Bitcoin as currency. The answer was a resounding “no.”  According to AMB Crypto:  “While more clarity is set to emerge in this context, some reports have claimed that the Indian administration is planning to make cryptocurrencies available as an asset. Additionally, others suggest cryptos will not be accepted as legal tender. All of this information came in the form of a note. In that document, the Financial Minister also answered “whether the Government has allowed cryptocurrency exchanges as a legally permitted entity in India”: “Cryptocurrencies are unregulated in India. RBI has vide its circular dated May 31st, 2021, advised its regulated entities to continue to carry out customer due diligence processes in line with regulations governing standards for Know Your Customer (KYC), Anti-Money Laundering (AML).” So, as you can read, it’s the same old script the other countries are using. If that’s the case, what’s the cause for all the confusion? Mixed Signals Coming Out Of India NewsBTC has been on this case. Just three weeks ago, while discussing the India exchange’s remarkable growth, we said optimistically: “Discussions around regulations started to arise back then. India’s crypto exchanges and investors participated in off-the-record meetings with law enforcement agencies and banks hoping to reach a point of amicability. The expectations are for the government to classify bitcoin as an asset class and for the Securities and Exchange Board of India to regulate cryptocurrencies and bring clarity, closing the doors to another ban.” However, just a week ago, we reported that the Reserve Bank of India “is set to launch its CBDC by December.” And what was that news seasoned with? A ban, of course: “A bill was recently presented, and sets to shake things up for many of big name coins in India. The ‘Cryptocurrency and Regulation of Official Digital Currency’ bill will create a facilitative framework for an official digital currency to be issued by the Reserve Bank of India, and that will look to ban all private cryptocurrencies, which includes Bitcoin and Ethereum.” It was a fair conclusion, considering. In early 2018, the Reserve Bank of India banned the buying and selling of cryptocurrencies by entities under the RBI’s jurisdiction. BTC price chart on BinanceUS | Source: BTC/USD on TradingView.com What’s The Indian Parliament’s Current Position? The headlines from the recent session with the Financial Minister are those two. There’s no proposal to recognize Bitcoin as currency and the government doesn’t collect Bitcoin transaction data. Fortunately for them, the blockchain is an immutable ledger. They don’t have to collect a thing, it’s all there. #Parliamentwintersession | FM In ParliamentNo proposal to recognise Bitcoin as a currency Here's more#cryptocurrency #Bitcoin pic.twitter.com/DYXGTobDQ3 — CNBC-TV18 (@CNBCTV18Live) November 29, 2021 In any case, AMBcrypto sees it as: “A crucial piece of information, especially since some bodies associated with the ruling party had called for central regulation of crypto. For instance, Swadeshi Jagaran Manch’s (SJM) Co-convenor Ashwani Mahajan had suggested that crypto-data around mining and transactions be stored only on domestic servers.” Reporting on the same session, Asian News International saw another angle. “This is a risky area & not in a complete regulatory framework. No decision was taken on banning its advertisements.” This is a risky area & not in a complete regulatory framework. No decision was taken on banning its advertisements. Steps are taken to create awareness through RBI&SEBI. Govt will soon introduce a Bill: FM Nirmala Sitharaman on Cryptocurrency during Question Hour in Rajya Sabha pic.twitter.com/WwopPdBQHg — ANI (@ANI) November 30, 2021 In another stage, former Finance Secretary Subhash Garg cleared things up. He created the bill that seemed to aim to ban all cryptocurrencies in India. Cointelegraph reports: “In an interview with local news channel News 18, Garg clarified: “[The description of the crypto bill] was perhaps a mistake. It is misleading to say that private cryptocurrencies will be banned and to intimate the government about the same.” So, by “private cryptocurrencies” he didn’t mean Bitcoin or Ethereum, which have public blockchains. Got it. Still, India’s confusion about cryptocurrencies is the main topic here. They don’t seem to know what to do about those pesky coins over there. Featured Image: Darshak12Pandya on Pixabay | Charts by TradingView

Crypto.com aims to offer derivatives and futures products to its U.S. customers with the acquisition of Nadex and the Small Exchange.

And we think the rules are going to be something like this! If anyone wants to use them for their friend group, you are definitely more than welcome to! Maximum spend of $50AUD Only allowed to purchase ONE coin, HOWEVER it has to be outside of the top 100 Purchase period is from 01/12 –…
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No wonder most of the politicians associate Crypto with illegal business, even though this year only 0.34% of total BTC transactions have anything to do with illegal businesses. Because they haven't understood the internet yet,even after years, Here : https://np.reddit.com/r/facepalm/comments/r5tuo2/they_still_dont_understand_internet/?utm_medium=android_app&utm_source=share And most of us are hopeful the politicians will do the right thing and not…
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Supreme – the ultra-trendy brand.  NFTs – a concept that most do not have a grasp of but is bound to be the future for buying and trading art and basically anything digital. Both Supreme and NFTs can benefit one another. The ability to buy Supreme’s digital content through NFTs would be a surefire way to get everyone to know, talk about and want NFTs even more than they do now. But for Supreme, the stakes are higher.  NFTs can be a multi-million dollar opportunity for Supreme, creating a secondary market for the company. Sounds far-fetched? Well, it doesn’t have to be. First, a quick briefing on NFTs. NFTs are non-fungible tokens that are pieces of digital content linked to the blockchain. This digital content isn’t limited to digital art and can extend to images of physical objects, video game skins, GIFs, Tweets, virtual real estate and more. NFTs are non-fungible, so unlike fungible assets, like Bitcoin, they are unique and not mutually exchangeable. No two NFTs are the same. Once you own an NFT you are the sole owner. One of the appeals of Supreme has been exclusivity and unparalleled creativity. Everybody wants Supreme’s latest drops, but there are only limited numbers of certain Supreme products. People have waited in line for days to get their hands on Supreme merch. So, there is no reason to believe that people wouldn’t jump on the opportunity to buy Supreme’s NFTs, especially if that means they will be the sole owner of that specific Supreme digital product. And there is no reason why Supreme shouldn’t jump on the opportunity to capitalize on NFTs. The NFT market rose to USD 2.5bn in the first half of 2021, and it just keeps growing and growing. With its unparalleled creative direction, Supreme could create merchandise like digital art and videos that would be coveted by thousands of people. Luckily, the marriage between Supreme and NFTs could happen very soon thanks to NFT marketplaces like Spores Network that align with its branding and vision. Spores Network believes that the decentralization of ownership and burgeoning metaverse will uniquely bridge our digital and physical lives. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, and borderless. Spore’s unique twist on the NFT marketplace is that they function as a media company that leverages an NFT marketplace and game publishing platform to activate content creators in art, games and entertainment. Supreme’s capitalization of NFTs could change the future of the company and the future of how NFTs are perceived. For Supreme — and all of us — it would be best if this union happens sooner rather than later.

Genius Yield is launching its ISPO: Stake your ADA, Support new projects and Obtain the new project’s tokens Genius Yield is a DeFi asset management solution implemented on the Cardano blockchain to provide superior yield optimization and high returns to users. Genius Yield has developed an AI-powered Smart Liquidity Management protocol that algorithmically automates asset allocation to maximize users’ annual percentage yield (APYs) while minimizing risk exposure. High capital efficiency is achieved by leveraging a concentrated liquidity DEX, similar in functionality to Uniswap V3, but completely redesigned from the ground up to fully benefit from Cardano’s UTXO-based ledger. While DeFi provides many investment opportunities, managing capital is both complex and time-consuming for most users. Genius Yield is an all-in-one solution that enables users to benefit from advanced algorithmic trading strategies within an intuitive, hassle-free, and secure platform. Mission Genius Yield was designed to address the complexity of navigating yield opportunities in DeFi. Its mission is to democratize DeFi for everyone by providing best-in-class automated liquidity management, powered by AI. In the spirit of financial inclusion, the platform was created to cater to both sophisticated and novice DeFi users. At Genius Yield, we believe knowledge is power. This is why we created the Genius Academy, a community-driven educational and mentorship platform that teaches DeFi concepts and supports everyone in their journey towards financial freedom. What is an ISPO? An ISPO is a revolutionary new fundraising mechanism that is more fair, inclusive, secure. It is a unique and inclusive financing tool that allows the community to support their favorite project without investing their own assets but instead leveraging Cardano’s native reward incentive structure. How can you delegate ADA to earn GENS tokens? By participating in the ISPO, the Cardano community can support Genius Yield’s development, while earning GENS protocol tokens. To do so, users must use their wallets to delegate their ADA to Genius Yield’s stake pool (e.g. Yoroi and Daedalus). An ISPO is a good way for DeFi initiatives to distribute tokens in a fair and decentralized manner while also gaining community support. It poses no danger to delegators since, unlike an IDO, they do not have to spend their ADA to obtain protocol tokens. Furthermore, because of its superior and unique Proof-of-Stake design, ISPOs are only available on the Cardano blockchain. Genius Yield is devoted to fully utilizing Cardano’s protocol, including a rigorous and UTXO-first approach to product design and development. We at Genius Yield believe that ISPOs has the potential to reignite the ecosystem of PoS blockchains by providing benefits to all parties involved. Because most members of the crypto community have seen the many hollow promises of the 2017–2018 ICO era, risks associated with IODs, the new ISPO model has a chance to earn their trust. As more crypto projects turn to ISPOs for funding, investors will be able to support the projects they care about without fear of losing money. Genius Yield ISPO basics Start date: December 15th, 2021 End date: June 15th, 2022 $GENS Rewards: 10 Million GENS Running for 36 Epoch (1 epoch = 5 days) Accumulated $GENS rewards will be airdropped to the delegator’s wallet after at the Token Genesis Event (time of minting). The Daedalus or Yoroi wallets allow ADA holders to delegate their funds to a stake pool in exchange for staking rewards. To participate in the ISPO you will simply need to delegate to Genius Yield’s’ stake pools. In return, you will be rewarded with GENS tokens based on the amount of ADA staked and the length of staking. For more details see our ISPO documentation.

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