Month: January 2022

Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’

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The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded…

Polygon Under Accidental Attack From Swarm of Sunflower Farmers

A simple transaction on Polygon currently costs roughly 500 gwei, or $0.50, up from fractions of a cent. Additionally, the number of active addresses on Polygon’s Proof of Stake chain has spiked 60% in a single week, with over 200,000 accounts transacting on the chain. Current speculation is that many of these addresses are “bots.” Source

Pakistan Likely to Earn Billions From Cryptocurrency – Emerging Markets Bitcoin News

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According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets held by its nationals or by residents with dual citizenship, a policy document produced by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has said. According to a report in The Business Recorder,…

The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6

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The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates.  2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin market. By the end of the year, corporations and investment funds held roughly 1.48 million BTC, which represents 7% of the current circulating…

Here’s why Bitcoin traders say a drop to $38K is the worst case scenario

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The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency market on Jan. 6. The Crypto Fear & Greed index has been dialed down to 15 and some traders are lamenting the possible start of an extended bear market.  Crypto Fear & Greed Index. Source: Alternative Data from Cointelegraph Markets Pro and TradingView shows that bears attempted to challenge the lows set on Jan.5, bringing BTC price down to $42,439 during early trading on Jan. 6. BTC/USDT…

Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and security. The Foundation said that it will focus this particular round of grants on expanding Bitcoin education and translation as well as Bitcoin core, lightning and wallet development. According to the organization’s press release, it…

Bitstamp – What is Bitstamp Exchange

Bitstamp, a U.K.-based cryptocurrency exchange that was founded in 2011, is Europe’s largest crypto exchange. It offers crypto-to-fiat and crypto-to-crypto exchange services, and supports euros, U.S. dollars, bitcoin, ether, litecoin, bitcoin cash, XRP and other assets. It is led by CEO Julian Sawyer, a co-founder and former CEO of Starling Bank, a U.K. digital bank. Source

NYDFS Hires New Deputy Superintendent of Virtual Currency

The NYDFS had been looking to fill this role for some time. The position is in its Research and Innovation Division and has a special focus on virtual and digital currencies, blockchain, distributed ledger technology and other related innovative and derivative products and technologies, according to the initial job posting. Original Source CurrencydeputyHiresNYDFSsuperintendentVirtual CryptoX Portal