Month: December 2022

P2E gaming is in a long ‘maturation phase’

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As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented.  In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond speak with Aron Beierschmitt, the CEO of Laguna Games and founder of Crypto Unicorns, about the sustainability of P2E-focused blockchain games.  For Beierschmitt, the evolution from a play-to-earn to a play-and-earn model suggests that there is still experimentation and maturation to be seen for these games. “Nothing…

Is 2023 The Comeback Year for HBAR NFTs?

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The year 2022 has not been kind to the NFT market and the crypto industry as a whole. However, Hedera’s partnership with LG Art Lab might somehow bring a new wave of enthusiasm for digital art.  NFT Interest On The Rise Again?  A recent interview done by Crypto Digest with The HBAR Foundation’s Chief Legal Officer Jorge Pesok sheds some insight into the current state of NFTs in the Hedera L1 ecosystem. According to the interview, more than 150 projects are granted support by the company.  Pesok also mentioned that…

$8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price action

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Bitcoin (BTC) is approaching the end of 2022 at levels not seen in over two years — what do traders think will happen next? BTC price reeling from USD strength Currently down 15% in Q4 and over 60% year-to-date, BTC/USD has few bullish allies as 2023 looms. Struggling to recover from the ongoing FTX scandal and associated fallout, the largest cryptocurrency giving back all the gains seen since late 2020 is indicative of the crypto market as a whole. Risk assets are in a precious position themselves, as Cointelegraph reported,…

Treasury Yields Climb as Investors Anticipate Better Market in 2023

The 2-year and 10-year Treasury yields increased as investors continue to monitor cues to set the pace for 2023. US Treasury yields rose on Friday, December 30th, as investors look ahead to the potential developments and headwinds of 2023. The benchmark 10-year Treasury yield was up nearly 2 basis points to 3.8520% during the early session. In addition, the 2-year Treasury yield climbed more than 3 basis points to 4.4009% as of 5:00 am Eastern Time. Treasury Yields Previously Expected to Climb as 2023 Beckons Exactly a week ago, reports also suggested…

Cathie Wood ‘Bargain Hunts’ Coinbase

Noted investor Cathie Wood’s ARK Invest made its largest investment in Coinbase’s (COIN) stock since Dec. 14 on Thursday, adding about $5.5 million of the crypto exchange’s shares, based on closing prices. The firm bought more than 158,000 shares for its ARK Fintech Innovation ETF. Coinbase’s stock closed at $34.78 in New York Thursday, up roughly 7%. The shares have fallen 86% this year. Source

Here’s how SBF’s fake electronics outlet ‘North Dimension’ looks like

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As the malpractices of the FTX continue to pop up and be uncovered by the prosecution, it turns out the disgraced crypto exchange’s customers were sending money to a fake electronic online shop, which was reportedly opened by Sam Bankman-Fried.  In its complaint, filed on Dec. 13, the United States Securities and Exchange Commission (SEC) mentioned North Dimension Inc, an Alameda subsidiary that was a vital part of the FTX financial malpractice. According to the complaint, Bankman-Fried directed FTX to have customers send funds to North Dimension bank accounts in…

5 Economic Predictions for 2023

Following periods of badly managed economic policies, including external factors such as Russia’s invasion of Ukraine, the price of crucial commodities has skyrocketed in Europe. Following a rather turbulent couple of years for many world economies, investors and analysts are looking to next year and trying to forecast some economic changes we may experience. It cannot be easy to calculate predictions over 12 months as it is an incredibly long time for economies. A lot can happen, however, based on what we have seen during the last 12 to 18…

MicroStrategy Shares Sink to Lowest Level Since 2020 Following Bitcoin Sale Revelation

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MicroStrategy saw its shares plummet to their lowest level for more than two years after a recent BTC filing. Shares of MicroStrategy Inc (NASDAQ: MSTR) recently hit their lowest level since August 2020 following its first-ever Bitcoin sale. MicroStrategy’s stock dropped 1.1% to $136.63 Thursday and is at a 75% drawdown year-to-date (YTD). In a recent filing, the cloud-based business intelligence company disclosed that it sold 704 BTC on December 22nd for $11.8 million. According to MicroStrategy, it sold the Bitcoin for tax purposes but re-purchased 810 more two days…

European Stocks Closes 2022 on Bearish Sentiment Fueled by Macroeconomic Factors

The European stocks have experienced more headwinds in the past few months after the Kremlin imposed an indefinite oil cut-off to Eurozone countries. European stocks are set to close 2022 on a bearish sentiment as global markets prepare to close trading later today. Fueled by the ongoing Russia-Ukraine war, record high inflation, and tightening monetary policy, the Euro economic zone is set to experience more headwinds in 2023 and forward. Moreover, the Euro to US dollar derivative has been below the ratio of 1 for the first time since the…

Cathie Wood Stacks Up Additional $5M Worth of Coinbase Stock

Many investors on Wall Street are increasingly becoming bullish about the crypto ecosystem and the technology powering the different digital assets. Prominent fund manager, Cathie Wood has acquired an additional 158,000 shares of Coinbase Global Inc (NASDAQ: COIN) worth a total of $5 million as the trading platform’s stock continues to take a beating when compared to its spot price earlier in the year. Despite the 6.92% close on Thursday pushing the stock to a price of $34.78, Coinbase (COIN) is still trading around its lowest, having dropped as much…