PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block Ventures, FBG, Fenbushi Capital, Cipholio Ventures, Nebulas, Ceras Ventures, NDG and other individual […]
I mostly mine Ethereum on Flexpool but I go for solo Ravencoin mining once in a while. Felt like trying my luck last night for some reason. This had only been the 3rd night I had put this single RTX 3080 to solo Ravencoin mining before it went on to find a block just a…
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In mid September, the SEC threatened to sue Coinbase if it launches its then planned lending product. Even though there were similar services already available, the SEC targeted Coinbase due to its size and profile to send a message. Cut to today and coinbase has got a hell of a message for the SEC! Come…
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Hello, I’m mining with Gminer and it says that share diff is for example 6.55G but network diff is calculated in K. Can someone explain me why is that because G is bigger number than K submitted by /u/cell_super [link] [comments]
Hello guys, im a big fan of crypto.com. I use Kraken as my main exchange because they are secure and i trust them. I like the way the app is designed and the support is amazing aswell. However they lack the stacking opportunities CDC has. The main reason is im using it as a second…
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The blockchain is fast spreading its “tentacles” to different consumer sectors, and adoption is at break-neck speed. Over the last decade, the revolutionary technology has proven to be worth its weight in gold, with many applications within and beyond the world of (decentralized) finance. One of the industries getting disrupted by decentralized finance in recent times is the gaming industry. GameFi is the new buzz in the cryptocurrency industry. By bringing together DeFi, NFTs, and the practical application of blockchain technology to the gaming industry. There is currently a paradigm shift taking place as gamers move away from the traditional methods of traditional online games of “pay-to-play”/ “play-to-win” and toward the “play-to-earn” model recently introduced by GameFi. Although early GameFi projects like Axie Infinity were built on the Ethereum blockchain. Newer blockchains, such as Binance Smart Chain, aim to improve the GameFi sector even further by offering faster tps, lower transaction fees, and a better user experience. This article will look more closely at the concept of Play-to-earn and how SQUIDANOMICS– a new hold to earn, hold to play, and play-to-earn platform– is attempting to redefine the meaning of GameFi. PLAY-TO-EARN: Re-defining The Gaming industry Play-to-earn is a new concept in the gaming industry that has been made possible by introducing decentralized finance and blockchain technology. Play-to-earn is the foundation for blockchain-based games. Play-to-earn is a new gaming model that rewards players simply for actively playing games. The play-to-earn model is becoming increasingly popular. The sector now has a market cap of more than 17 billion dollars, which is a considerable accomplishment given that it is still relatively new. Axie Infinity leads the pack in the play-to-earn sector, with a market cap of more than $8 billion, accounting for nearly half of the total market cap of the play-to-earn industry. Axie Infinity has been a key player in the new wave of GameFi, with its gaming model based on play-to-earn, with 95 percent of earnings returned to players. Other GameFi projects worth mentioning include Decentraland, The Sandbox, and Illuvium, which account for a significant portion of the sector’s market cap. The industry is still in its infancy, and with its popularity growing by the day, it is no surprise that GameFi projects are currently leading in terms of user growth in Q3, and so far, so good in Q4 2021. Hold-to-earn is a new model in the cryptocurrency industry that aims to alleviate selling pressure. Using a concept known as reflection mechanism, holders of reflective tokens are automatically rewarded for simply holding, preventing the classic pump and dump mechanism, which is common in the cryptocurrency industry. Hold-to-play is another concept in which users must have a certain number of tokens to participate in any game or tournament that requires this requirement. Due to the advent of NFT technology, which allows players to genuinely own their in-game purchases and trade these digital assets in real-time on NFT marketplaces, there is currently a high demand for in-game digital assets. This opens up an entirely new path for gamers, as the value of their NFTs increases and can be traded to other gamers, making the play-to-earn model more appealing and providing additional incentives to sustain user growth. Introducing Squidanomics Several game-changing blockchain projects like Squidanomics are a breath of fresh air in GameFi and aim to incentivize the GameFi industry with its unique gaming models. Squidanomics is a novel project launched recently by a tech team of bright minds based in the United States and Canada. The project is a fan-made token that portrays a perfect blend of tokenomics and entertainment inspired by the popular South Korean survival drama TV series –Squid Game. Squidanomics is a groundbreaking innovation intended to usher in a whole new ball game to token holders. Individuals from every part of the globe can earn whopping sums of money by participating in simple and highly entertaining games. The TV-series-inspired project is a BUSD reward, a non-fungible and gaming token built on the Binance Smart Chain. It poses the most extreme and highly profitable pass known to the digital sphere. Like many modern crypto tokens, holders do not just own tokens but also receive handsome prizes across the platform. Currently, as a leading community-driven play-to-earn and hold-to-play project on the Binance Smart Chain, Squidanomics combines fun and earning into a perfect mix where gamers’ interaction is at its best. SQUID holders get a 5% BUSD reward from transactions. In addition, transaction fees are economical as the project is on the Binance Smart Chain, which bolsters profitability for users and holders alike. Squidanomics offers a safe platform for gamers and investors with a transparent framework and user-centric mode of operation–a completely different ball game in the world of GameFi. Closing Thoughts Crypto tokens have more to offer the industry besides acting as a store of value or an alternative to other things for investors. This aspect of blockchain technology will only advance with the development of revolutionary projects. Squidanomics aims to become one of the major driving forces behind this advancement as the most rewarding token on the Binance Smart Chain.
Microsoft has announced the launch of a metaverse-inspired feature for its Teams app called Mesh. Mesh will allow users to introduce personalized avatars in digital worlds, making meetings more immersive. The platform is being announced on the heels of Facebook’s pivot to becoming a metaverse-dedicated company, changing its name to “Meta.” Microsoft Embraces the Metaverse […]
Anyone having issues with their Electrum wallet connecting to the network? I have tried two different versions and none of the nodes are responding. I was able to ping one or two of them, but that doesn't mean they are fully operational. submitted by /u/smc0881 [link] [comments]
The American-based payment company Square Inc. reported a drop in Bitcoin revenue month over month from its Cash App during the third quarter of 2021, the total amount being $1.82, overall, 11% up from last year. Square has found profit in midst of the pandemic as many users grew to need e-commerce services. The number of processed transactions on the app during the third quarter went up 27% with a total amount of $3.7 billion. The company is led by Jack Dorsey, who also runs Twitter and is a big BTC enthusiast, currently aiming to invest in the future of decentralization and new economic systems. Square’s third quarter of 2021 had total net revenue of $3.84 billion, 27% up from last year; $2.03 billion excluding BTC. Its gross profit went up 43% year over year with $1.13 billion. The revenue from transactions was $1.30 billion, up 40% since 2020. However, bitcoin revenue and gross profit dropped compared to the second quarter. The company stated the decrease is due to the “relative stability in the price of bitcoin”. In the third quarter of 2021, we recognized a loss of $7 million driven by the adjustment to the revaluation of equity investments as well as a $6 million bitcoin impairment. Bloomberg reported what Chief Financial Officer Amrita Ahuja at Square shared with them: Bitcoin transactions through Cash App have grown tremendously over the past two years, but Bitcoin revenue can be a deceiving metric. Square reports all Bitcoin sales as revenue, which is why that number can look very large and is dependent on things like price volatility. Bitcoin gross profit, though, represents the money Square collects via fees from Bitcoin transactions, and is a better reflection of that part of Square’s business. Related Reading | Square’s Cash App Reports $2.7B In Quarterly Bitcoin Revenue, A 200% Jump After the Q3 earnings letter’s release, the company’s dropped 4.9% in post-market trading. The Focus Is On Bitcoin (And International Waters) Square’s earnings letter highlighted their agreement to acquire the Afterpay platform “with more than 16 million consumers and approximately 100,000 merchants as of June 2021.” Through this transaction, we plan to unite two complementary businesses with a shared focus on economic empowerment and financial inclusion. We believe the combination will more deeply connect our Seller and Cash App ecosystems, accelerate our strategic priorities, and allow us to deliver even more compelling products and services for consumers and merchants. The report also sheds light on other projects and partnerships, such as the Cash App’s new offer to teenagers, an important expansion of its demographics, and the SoFi Stadium partnership. We believe our partnership with SoFi Stadium serves as a testament to how we are now equipped to enable unique commerce experiences and support the needs of complex multi-purpose venue sellers. The App is currently focusing on expanding and offering accessible and flexible commerce products to all. Results show “an increased adoption of contactless payment options due to the pandemic.” The company explained their focus remains on their “international strategy of achieving product parity globally, investing further into brand awareness, and launching in new markets”. Square stated they are focusing on BTC rather than bringing other cryptocurrencies into the Cash App. Earlier, Dorsey had tweeted about Square’s intention in building an energy-efficient and more accessible BTC mining system. “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide,” Related Reading | Jack Dorsey: Square Could Build Bitcoin Mining System
Government spending is out of control in the USA. Trillions on wars no one wants. Trillions in debt from wars no one wants. Congress always gets raises. Minimum wage hasn’t changed in forty years. Big banks get bailouts while Americans get homelessness. And yet there’s not enough money to provide healthcare to the people. We…
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