Month: July 2022

Animoca Brands raises $75M to advance ‘open metaverse’ concept

boss

Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to expand its acquisition targets in the metaverse sector.  The company announced Tuesday that it has closed a $75.32 million funding round at a pre-money valuation of $5.9 billion backed by Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, SG Spring Limited Partnership Fund and others. The raise represents the “second tranche” of funding following a $358.8 million raise in January that was supported by venture giants Sequoia China, Winklevoss Capital,…

Watch Out for Illicit Actors Gaming Crypto Games

Even before the advent of P2E crypto, anti-money laundering experts have flagged the illicit finance risks around online gaming. In 2019, researchers at the Royal United Services Institute, a U.K. think tank focused on international security issues, pointed out that if users can find ways to exchange in-game items (like virtual money, artifacts, tools or clothing) for real-world currency, those items will become attractive for criminals looking to launder illicit funds. But selling game virtual-assets for fiat money used to be difficult. In traditional online games, users had to access…

Bitcoin LTHs Who Bought During 2017-2020 Aren’t Selling Yet

boss

Data from Glassnode shows the recent selling from Bitcoin long-term holders has come from those who bought at more recent prices, and not the hodlers who got in during the 2017-2020 cycle. Bitcoin Long-Term Holders Have Been Selling At An Average Loss Of 33% As per the latest weekly report from Glassnode, the BTC long-term holder SOPR has had a value of less than one during recent weeks. The “spent output profit ratio” is an indicator that tells us whether Bitcoin investors are selling at a profit or at a…

How I Became a Bitcoin Developer Fresh Out of High School

boss

Despite the current bear market, Brozzoni remains optimistic about Bitcoin’s future. She expresses confidence in Bitcoin’s “antifragility,” a word (ironically) coined by Nassim Taleb, one of Bitcoin’s harshest critics. An antifragile entity is one that not only survives adversity, but thrives on it. In his book, “Antifragile: Things That Gain From Disorder,” Taleb uses the Hydra, a lake-dwelling Greek mythological creature, to illustrate the concept of antifragility. The Hydra has numerous heads, and each time one is cut off two grow back. Original

Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers – News Bitcoin News

boss

Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently. Picpay to Allow Customers to Use Crypto From App More fintech-based companies are now approaching crypto as a way of extending their service offering for their customers.…

3 key metrics suggest Bitcoin and the wider crypto market have further to fall

boss

The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital. Total crypto market cap, USD billion. Source: TradingView From July 4 to 11, Bitcoin (BTC) gained a modest 1.8% while Ether (ETH) price stood flat. More importantly, the total crypto market is down 50% in just three months, which means traders are giving…