'Up only' for BTC fundamentals — 5 things to watch in Bitcoin this week
Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with Bitcoin now offering network security never seen before in its history.
Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with Bitcoin now offering network security never seen before in its history.
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According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year. Jamaica’s CBDC Is Due to Launch This Year Jamaica, the island country situated in the Caribbean Sea is planning to launch its CBDC this […]
Gaming has become an integral part of our daily lives worldwide. The gaming industry is raking in billions of dollars year after year, attesting to its profitability and widespread adoption. According to Statista, more than 3.24 billion gamers worldwide were actively or passively involved in gaming last year. Despite the massive size of the gaming industry, gamers have expressed concerns about the traditional model of gaming, which is the “pay-to-win” model. Traditional gaming requires players to acquire in-game assets to rank up and achieve particular goals, which can strain the finances of active gamers. In this article, we’ll look at the role of blockchain technology in improving the gaming industry with the play-to-earn model. Current State Of Traditional Gaming Traditional gaming has come a long way in providing excitement and entertainment worldwide. However, despite its tremendous growth in recent years, the gaming industry still has several issues to address. To begin with, current gaming models lack transparency because players cannot track their in-game transactions, and the value of the game economy is determined by game developers, resulting in a highly centralized and opaque gaming industry. Furthermore, in-game items purchased in ‘pay-to-win’ gaming models have no ownership, as players have no right to gaming items purchased outside of the gaming environment. Another issue to consider is traditional game developers’ constant changes to gaming environments, forcing gamers to purchase new in-game items. The GameFi Concept Before GameFi, there were games with in-app purchases, in which users paid real money or special items obtained through gameplay to gain access to unique features or items. GameFi is an abbreviation for “Game Finance.” It refers to anything in the gaming industry supported by blockchain technology. GameFi is built on the play-to-earn mechanism. Play-to-earn (P2E) is a relatively new gaming concept made possible by introducing NFTs and blockchain technology. GameFi introduces the play-to-earn model, in which players can earn money simply by playing the game or acquiring in-game digital assets and trading them for real money with other players. This model paves the way for gamers to turn their passion for gaming into a passive income stream. GameFi is an intriguing new addition to the digital world. It only contains games that make use of blockchain technology, and it gained traction in 2021 as more and more gamers began to embrace the concept of the “play-to-earn” model, with the current market cap of Axie Infinity, the largest GameFi project, sitting at $3 billion, according to Coinmarketcap. The “play-to-earn” game industry is expected to grow globally and boost the gaming industry, reaching $314.40 billion by 2026. Innovative GameFi Project That Provides Utility Attack Wagon is an example of such a project. Attack Wagon is a blockchain game development studio specializing in free-to-play and play-to-earn games. Attack Wagon provides users with an immersive gaming experience by utilizing blockchain technology, DeFi, and NFTs. Scrap Guilds, a Sci-fi RPG with direct in-game use of Attack Wagon’s native token $ATK, was recently released by Attack Wagon and available for purchase on Gate.io and Quickswap. Attack Wagon intends to provide real-time value to users by allowing them to earn the same cryptocurrency passively across various games, increasing their chances of earning significantly more money. $ATK, is an ERC-20 polygon chain token. $ATK can be used for in-game purchases such as NFTs and PVP entry fees within the Attack Wagon ecosystem. Scrap Guild, Attack Wagon’s first game, has a rich storyline and exciting features such as multiplayer mode, quests, PvP, and so on. The game launch is planned by quarter three of this year. Their new website will be launched coming Friday and will feature details on the upcoming Land Sales, their Free NFT’s and more. In their announcement they mention that they will be giving away over 150k ATK in prizes by having multiple contests, starting at the time of the site launch. Gaming in the Future Without a doubt, blockchain technology will play a significant role in transforming the gaming industry and propelling it to new heights. The play-to-earn model is the future of gaming, and it is becoming more feasible with the introduction of blockchain and NFT technology. To address the issues gamers face in the current gaming industry, more gaming projects based on blockchain technology, such as Attack Wagon, must continue to gain mainstream adoption to appeal to users and provide gamers with immersive and exciting gameplay.
If the COVID pandemic is to go by, one lesson we learned is; there's a big gap in the healthcare system. People being locked in their houses forced the healthcare system to go online. Everything from consultations, prescriptions, and more was done online. Doctors had to diagnose you online and try to solve your problems…
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Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could continue to move down if it stays below the $3,000 pivot level. Ethereum started a downside correction after it failed to stay above the $3,200 level. The price is now trading below $3,000 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline if there is a clear move below the $2,800 support zone. Ethereum Price Remains At Risk Ethereum failed to stay above the $3,020 and $3,000 support levels. ETH extended decline below the $2,950 support and settles below the 100 hourly simple moving average. The decline was such that the price traded below the $2,900 level. A low is formed near $2,832 and the price is now consolidating losses. An immediate resistance is near the $2,880 level. The first major resistance is near the $2,950 level. There is also a key declining channel forming with resistance near $2,900 on the hourly chart of ETH/USD. The channel resistance is near the 23.6% Fib retracement level of the recent decline from the $3,141 swing high to $2,832 low. Source: ETHUSD on TradingView.com The main resistance is near the $3,000 level and the 100 hourly simple moving average. It coincides with the 50% Fib retracement level of the recent decline from the $3,141 swing high to $2,832 low. A successful close above $3,000 might start another increase. In the stated case, the price could surpass the $3,050 and $3,080 levels. Any more gains might send the price towards the $3,120 level. More Losses in ETH? If ethereum fails to start a fresh increase above $2,900 or $3,000, it could continue to move down. An initial support on the downside is near the $2,830 level. The next major support is near the $2,800 level. A downside break below the $2,800 level might push the price towards the $2,720 level. The next major support is near the $2,650 level, below which there is a risk of a larger decline. In the stated case, the price could test $2,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $2,800 Major Resistance Level – $3,000
PRESS RELEASE. Lbank excited to announce that LBank Exchange—the world-class digital asset trading platform—has integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, LBank Exchange will have access to high-quality, tamper-proof price feeds needed to help secure perpetual futures trading on the platform. This will provide our users with stronger assurances that LBank […]
The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCs Bahrain’s central […]
I bridged ETH from mainnet over to Arbitrum because I wanted to explore the L2 space and swap for a variety of coins with lower gas fees. Some of those coins I intend to HODL. For example, I swapped for Rocketpool's rETH, which is basically a way of staking ETH for ~4.5% APY. I intend…
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