Month: February 2022

3 P2E games that don’t need Ethereum to make waves

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The rise of blockchain-based play-to-earn (P2E) gaming was one of the leading stories in 2021 as games such as Axie Infinity exploded in popularity and players realized that they could make life-changing amounts of money while also having fun.  Weekly number of games by blockchain. Source: Footprint Analytics According to data from Footprint Analytics, the Ethereum network remains the leader when it comes to the number of games launched on-chain, but persistently high fees and network congestion have pushed a growing number of players to layer-2, cross-chain, bridge-supporting networks and…

Uber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact – Bitcoin News

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Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies “at some point.” Khosrowshahi noted that there were two downsides to leveraging the cryptocurrencies like bitcoin, such as “the exchange mechanism is expensive, [and] it’s not great for the environment.” Uber CEO Says Firm Will Likely Accept Cryptocurrencies at Some Point, Company Converses About the Subject All the Time At some point in time, Uber Technologies, the mobility service provider (ride-share service) will accept cryptocurrencies, according to Uber’s CEO Dara Khosrowshahi. The Uber…

US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules

Industry participants pointed out that miners, stakers and other parties don’t typically have access to customer information that exchanges have when they facilitate transactions. An overly broad definition might be impossible for some entities to comply with. Treasury’s letter, a copy of which was obtained by CoinDesk, suggests the expanded definition would be limited to parties that already collect this information. Source

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Meet The Man Behind Universe Island – Press release Bitcoin News

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press release PRESS RELEASE. Universe Island – the name in itself gives away a major hint of what the game beholds, that is, a whole metaverse offering a wide range of features! Universe Island is a play-to-earn game that offers a classic third-person, 1vs1 shooting theme experience. However, a key factor that adds dimension to it and takes your gaming experience to a whole new level, is the NFT integration, In-Game NFT Gallery and Augmented Reality and story-driven experience meant to be enjoyed by the players. This game is unique…

Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

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Analysts and pundits will scramble to find some angle to explain intra-day price action whenever important economic numbers are published and this practice is commonplace in the crypto sector.  When the United States Bureau of Labor Statistics reported a 7.5% increase in the Consumer Price Index (CPI) on Feb. 10, traders rushed to find some connection to the crypto price action. However, historical correlation data shows investors should actually closely scrutinize whether there is even a relation between Bitcoin (BTC) and major economic indicators.  General investment advice would suggest that…

Former Attorney Pleads Guilty to Bitcoin Fraud That Bilked Investors Out of $5M

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According to the charges, Reichenthal and Levine engaged in two fraudulent schemes. In the first one, in 2018, Levine induced a man to wire over $3 million to Reichenthal from an over-the-counter crypto broker to fund the purchase of bitcoin, which was never made. In the second, in 2019, Levine persuaded a Florida man to send over $2 million to Reichenthal for buying bitcoin, which he also never purchased. Original

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