Day: January 12, 2024

Are Blockchain Games Dying? Over 30% Of Players Quit

The allure of play-to-earn and in-game ownership fueled a recent boom in blockchain games, but a new report casts a chilling light on the sector’s sustainability. Out of 1,318 blockchain-based games launched since 2021, a staggering 407, over 30%, have already been discontinued or abandoned. This stark statistic, compiled by BlockchainGamer.biz, paints a picture of an industry grappling with fundamental challenges. Smaller, underfunded projects appear particularly vulnerable, often vanishing silently without any official announcement. Are Blockchain Games Going Extinct? The Main Culprit Funding constraints and evolving market conditions are cited…

Roadmap And Key Price Targets For This Year

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The Solana Foundation has unveiled a roadmap for 2024, focusing on innovation, developer engagement and network scalability. “2024 is the year of Solana,” the foundation proclaimed, focusing on the key milestones achieved and strategic goals for the year in the statement. The “Solana Foundation’s State of Developer Ecosystem Report” highlights a surge in developer activity, with over “2,500 active developers committing to open source repositories” and an impressive increase in developer retention, rising “from 31% to over 50% throughout the previous year.” The report further elucidated the evolution of Solana’s…

Franklin Templeton Takes Lead in Bitcoin ETF Fee War

The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem. In a strategic move to gain a competitive edge, Franklin Templeton, an American multinational holding company, has once again slashed the fees for its Bitcoin Exchange-Traded Fund (ETF), positioning itself as the most cost-effective option among the recently launched investment products. Franklin Templeton’s Dethrones Bitwise According to a recent filing with the Securities and Exchange Commission (SEC), Franklin Templeton reduced the…

NADA boasts 185% gains following listing announcement

According to a CoinGecko report, the NADA token protocol, supplied by a Korean gaming developer, was one of the top-trending coins on Jan. 12. As of the latest update, the live NADA Protocol Token (NADA) price is $0.062975, with a 24-hour trading volume of $12 million. This marks a notable increase of 185% in the last 24 hours. Over the past seven days, NADA has demonstrated a substantial price increase of 154%. NADA Protocol Token price chart | Source: CoinGecko This outperformance is particularly notable when contrasted with the overall…

XRP Burn Hits Major Milestone, Can The Burns Propel Price To $1?

The total number of XRP tokens burned just recently hit a major milestone. This has raised questions as to how much impact these burns can have on the value of the XRP tokens in circulation. Interestingly, Ripple’s CTO David Schwartz recently made some comments in this regard as he weighed in on whether or not XRP burns could affect the token’s value.  12 Million XRP Now Wiped Out Of Circulation Data from the XRP Scan shows that just over 12 million XRP tokens have now been burned and wiped out…

This Is How Much Assets IBIT, BITB, FBTC Hold After Debut

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

A trade that wins if bitcoin retreats now that an ETF is finally here

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Asset managers, as well as investors, have been hoping for a spot bitcoin ETF for more than a decade. They finally got their wish this week, but it may be time to fade that news with an options trade that wins if bitcoin and related stocks decline. The reluctant approval from the SEC follows many years of rejections and delays of various attempts to launch a spot bitcoin ETF for public investing. This good news also comes just a few months after the agency was handed a definitive loss in…

Genesis Global Trading Pays $8M to Settle New York Lawsuit

Genesis has faced a slew of legal troubles since last year. In January, the Securities Exchange Commission (SEC) charged Genesis with selling billions of dollars worth of unregistered securities to hundreds of thousands of investors. The firm declared bankruptcy that month and remains in court proceedings to recover millions of dollars of lost investor funds as of the time of writing. Source

Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell ‘Quantum Cats’ Collection

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin market setting in a major top

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According to YouTube analyst Crypto Banter, the narrative around the Bitcoin ETF hype is starting to die down, prompting investors to start taking profits. As stated in the Jan. 12 video, spot Bitcoin ETFs traded at a total volume of $4.6 billion, with Grayscale (GBTC) taking the lead. However, the analyst reveals that in taking a closer look at the data, the GBTC sales were due to higher fees and the majority of “old Bitcoin” being locked up, meaning the data shows closer to zero new inflows that might result…