Bitcoin Price Analysis: BTC Starts Downside Correction Below $46K
Bitcoin price is losing pace above $45,000 against the US Dollar. BTC is likely to correct further lower below the $44,000 level in the near term.
Bitcoin Price AnalysisBitcoin price extended its increase above the $45,000 resistance level. BTC even broke the $47,000 resistance level to move further into a bullish zone. However, the price failed to surpass the $48,000 resistance.
A high was formed near $48,115 before the price started a downside correction. There was a break below the $47,000 and $46,000 levels. There was also a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair.
Bitcoin price is losing pace above $45,000 against the US Dollar. BTC is likely to correct further lower below the $44,000 level in the near term.
Bitcoin Price AnalysisBitcoin price extended its increase above the $45,000 resistance level. BTC even broke the $47,000 resistance level to move further into a bullish zone. However, the price failed to surpass the $48,000 resistance.
A high was formed near $48,115 before the price started a downside correction. There was a break below the $47,000 and $46,000 levels. There was also a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair.
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Substack to Permit Bitcoin Payments for Special Content Access
Substack – a content platform backed by Andreessen Horowitz – will allow users to access VIP content in the future granted they pay with cryptocurrency. The content can be accessed utilizing the company’s new payment processor known as Open Node.
Substack Is Pushing the Bitcoin Agenda FurtherThis is a big deal in the sense that the firm is now pushing the initial goals of bitcoin and cryptocurrency closer to reality. The fact is that bitcoin and many of its altcoin cousins were initially built as a means of replacing credit cards, checks and fiat currencies down the line. They were meant to serve as payment tools, though this has been a rough journey for these assets given that the currencies are extremely volatile and subject to rapid price changes.
Thus, many stores and retailers have given the old heave-ho to bitcoin and its crypto family when it comes to deciding whether they would make good payment solutions, and to a certain extent, we cannot really blame them.
Substack – a content platform backed by Andreessen Horowitz – will allow users to access VIP content in the future granted they pay with cryptocurrency. The content can be accessed utilizing the company’s new payment processor known as Open Node.
Substack Is Pushing the Bitcoin Agenda FurtherThis is a big deal in the sense that the firm is now pushing the initial goals of bitcoin and cryptocurrency closer to reality. The fact is that bitcoin and many of its altcoin cousins were initially built as a means of replacing credit cards, checks and fiat currencies down the line. They were meant to serve as payment tools, though this has been a rough journey for these assets given that the currencies are extremely volatile and subject to rapid price changes.
Thus, many stores and retailers have given the old heave-ho to bitcoin and its crypto family when it comes to deciding whether they would make good payment solutions, and to a certain extent, we cannot really blame them.
Attorney Hints The Documents SEC’s Refusing To Turn Over Could Potentially End Legal Scuffle With Ripple
Further developments in the case between the SEC and Ripple have led to renewed confidence that a conclusion may soon be reached. The long-awaited hearing on Ripple’s motion for a discovery conference regarding the SEC’s improper assertion of the Deliberative Process Privilege (DPP) was held a few days ago.
In early June, Ripple filed a motion to compel the Securities and Exchange Commission to turn over internal documents regarding cryptocurrencies BTC, ETH, and Ripple’s XRP. This followed a prolonged back and forth between the two parties and Judge Sarah Netburn.
Further developments in the case between the SEC and Ripple have led to renewed confidence that a conclusion may soon be reached. The long-awaited hearing on Ripple’s motion for a discovery conference regarding the SEC’s improper assertion of the Deliberative Process Privilege (DPP) was held a few days ago.
In early June, Ripple filed a motion to compel the Securities and Exchange Commission to turn over internal documents regarding cryptocurrencies BTC, ETH, and Ripple’s XRP. This followed a prolonged back and forth between the two parties and Judge Sarah Netburn.
The International DOTA 2: Win Fantastic Prizes in the 1xBit’s New Esports Tournament
17th September 2021, Limassol, Cyprus — This September has prepared something special for you! 1xBit offers the unique opportunity for all e-sports lovers to dive into the world of cybersport and enjoy an amazing experience like never before – one of the biggest esports tournaments is on the way!
Battle for the Aegis
17th September 2021, Limassol, Cyprus — This September has prepared something special for you! 1xBit offers the unique opportunity for all e-sports lovers to dive into the world of cybersport and enjoy an amazing experience like never before – one of the biggest esports tournaments is on the way!
Battle for the Aegis
45% of Crypto Owners Say They Would Buy an Altcoin Based on This One Factor: Study
Nearly half of cryptocurrency owners claim that they would race to purchase an altcoin based on one key development.
A survey from data intelligence firm Morning Consult polled 2,200 US adults earlier this month to study the impact of celebrities on crypto investor decisions.
Among crypto owners who participated in the poll, 45% say they would follow a celebrity or influencer’s crypto advice, but 81% still opt for investing tips from their financial advisor.
The result of the study comes after influencer Kim Kardashian promoted the cryptocurrency EthereumMax (EMAX) on her Instagram account.
Nearly half of cryptocurrency owners claim that they would race to purchase an altcoin based on one key development.
A survey from data intelligence firm Morning Consult polled 2,200 US adults earlier this month to study the impact of celebrities on crypto investor decisions.
Among crypto owners who participated in the poll, 45% say they would follow a celebrity or influencer’s crypto advice, but 81% still opt for investing tips from their financial advisor.
The result of the study comes after influencer Kim Kardashian promoted the cryptocurrency EthereumMax (EMAX) on her Instagram account.
Bitcoin Gears Up For An Explosive Q4 As BTC Tops 5-Month High To Smash $55,000
Bitcoin has finally done it. After struggling to remain stable for the most part of September, Bitcoin has finally smashed through the $55,000 price level and the market is as excited as it is bullish for what is to come. Although Bitcoin is now trading at $54,576, the asset hit a high of $55,172 earlier today.
The price breakout was imminent when Bitcoin’s meteoric upward correction kicked off at the start of October. The bulls had already begun recovery in late September, and with the new month came strongly built momentum that ushered prices to their new monthly high.
Bitcoin has finally done it. After struggling to remain stable for the most part of September, Bitcoin has finally smashed through the $55,000 price level and the market is as excited as it is bullish for what is to come. Although Bitcoin is now trading at $54,576, the asset hit a high of $55,172 earlier today.
The price breakout was imminent when Bitcoin’s meteoric upward correction kicked off at the start of October. The bulls had already begun recovery in late September, and with the new month came strongly built momentum that ushered prices to their new monthly high.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Ethereum Could Be Heading For $4,900, Says Fundstrat
Independent financial research company Fundstrat has great news for Ethereum enthusiasts. Technical analysis conducted by the firm suggests that Ethereum is poised to soon go on a rampaging bull rally and take out previous all-time highs.
ETH On The Precipice Of New All-Time HighsAfter weeks of being relatively stagnant, positive momentum is silently building for the world’s second-largest crypto by market cap, in part due to the rally seen across most cryptocurrencies.
Fundstrat said in a Thursday note: “Ethereum looks to be starting to gain on bitcoin after a near one-month period of underperformance throughout September.”
Independent financial research company Fundstrat has great news for Ethereum enthusiasts. Technical analysis conducted by the firm suggests that Ethereum is poised to soon go on a rampaging bull rally and take out previous all-time highs.
ETH On The Precipice Of New All-Time HighsAfter weeks of being relatively stagnant, positive momentum is silently building for the world’s second-largest crypto by market cap, in part due to the rally seen across most cryptocurrencies.
Fundstrat said in a Thursday note: “Ethereum looks to be starting to gain on bitcoin after a near one-month period of underperformance throughout September.”
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
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Investors Pumped A Record-Breaking $1.47 Billion Into Crypto Funds On Heels Of Bitcoin ETFs Launch
Bitcoin and the aggregate crypto market are treading firmly in the bullish territory — and big-money investors have increased their allocation accordingly. According to the latest CoinShares report, cryptocurrency funds attracted close to $1.5 billion in inflows last week following the debut of the first Bitcoin futures exchange-traded funds (ETF) in the United States.
Institutional Investors Pile Into BitcoinOn Monday, CoinShares reported that the crypto market witnessed a staggering $1.47 billion of new money flow into cryptocurrency funds, the highest level on record. The last weekly record was set in February this year when inflows reached $640 million. Last week’s inflows catapulted the year-to-date total to $8 billion.
The report indicates that the dramatic increase in inflows in the past week was tied to the U.S. Securities and Exchange Commission authorizing two Bitcoin ETFs. “This is a direct result of the U.S. Securities and Exchange Commission (SEC) allowing a bitcoin ETF investing in futures and the consequent listing of two bitcoin investment products,” the report by the European digital asset manager said.
Bitcoin and the aggregate crypto market are treading firmly in the bullish territory — and big-money investors have increased their allocation accordingly. According to the latest CoinShares report, cryptocurrency funds attracted close to $1.5 billion in inflows last week following the debut of the first Bitcoin futures exchange-traded funds (ETF) in the United States.
Institutional Investors Pile Into BitcoinOn Monday, CoinShares reported that the crypto market witnessed a staggering $1.47 billion of new money flow into cryptocurrency funds, the highest level on record. The last weekly record was set in February this year when inflows reached $640 million. Last week’s inflows catapulted the year-to-date total to $8 billion.
The report indicates that the dramatic increase in inflows in the past week was tied to the U.S. Securities and Exchange Commission authorizing two Bitcoin ETFs. “This is a direct result of the U.S. Securities and Exchange Commission (SEC) allowing a bitcoin ETF investing in futures and the consequent listing of two bitcoin investment products,” the report by the European digital asset manager said.
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Crypto Exchange Gemini Adds Shiba Inu Support — SHIB Investors Hopeful Robinhood Will Be Next
Another major cryptocurrency exchange has added support for the meme cryptocurrency shiba inu. Gemini has begun supporting SHIB alongside a few new defi, metaverse, infrastructure, and data management tokens. Meanwhile, the petition for Robinhood to list the shiba inu crypto has garnered more than 531K signatures.
Shiba Inu (SHIB) Now Supported on GeminiCryptocurrency exchange Gemini announced its support for the meme cryptocurrency shiba inu (SHIB) Friday. The company wrote:
We are delighted to announce support for shiba inu (SHIB) as well as a range of new defi, metaverse, infrastructure, and data management tokens.
Another major cryptocurrency exchange has added support for the meme cryptocurrency shiba inu. Gemini has begun supporting SHIB alongside a few new defi, metaverse, infrastructure, and data management tokens. Meanwhile, the petition for Robinhood to list the shiba inu crypto has garnered more than 531K signatures.
Shiba Inu (SHIB) Now Supported on GeminiCryptocurrency exchange Gemini announced its support for the meme cryptocurrency shiba inu (SHIB) Friday. The company wrote:
We are delighted to announce support for shiba inu (SHIB) as well as a range of new defi, metaverse, infrastructure, and data management tokens.
The Initial DEX Offering For Chingari’s $GARI Token IDO Set To Commence Tomorrow On SolRazr
Short video app, Chingari, has announced that the Initial DEX Offering (IDO) for its $GARI token will be launched on SolRazr, the first decentralized developer platform ecosystem for Solana.
Starting tomorrow, December 15, the $GARI token, India’s first social media token, will be listed exclusively on SolRazr until December 18. Chingari recently launched the $GARI token at a public event hosted by Bollywood legend Salman Khan.
Short video app, Chingari, has announced that the Initial DEX Offering (IDO) for its $GARI token will be launched on SolRazr, the first decentralized developer platform ecosystem for Solana.
Starting tomorrow, December 15, the $GARI token, India’s first social media token, will be listed exclusively on SolRazr until December 18. Chingari recently launched the $GARI token at a public event hosted by Bollywood legend Salman Khan.
Brazilian Mayor Eduardo On Why He’s Keen On Investing Part Of City’s Treasury Reserves In Bitcoin
The mayor of Rio de Janeiro intends to put 1% of the city’s Treasury reserves into cryptocurrencies. He wants to turn the second-most populous city in Brazil into a hub for cryptocurrency.
Rio de Janeiro Mayor Warms To BitcoinSpeaking at a panel during the Rio Innovation week on Thursday, Rio de Janeiro mayor, Eduardo Paes, revealed plans to invest a portion of the city’s reserves in Bitcoin. “We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency,” Paes reportedly said according to a report by Brazilian newspaper O Globo.
The event was also graced by Bitcoin-loving Miami mayor Francis Suarez, as well as other top Rio de Janeiro officials such as Finance Secretary Pedro Paulo. According to Paulo, the city’s administration is also exploring how to apply discounts to property tax payments made in Bitcoin. At the moment, citizens in Rio already enjoy a 7% discount on property taxes, but with the proposed amendment, this discount could be as much as 10% if paid in bitcoin.
The mayor of Rio de Janeiro intends to put 1% of the city’s Treasury reserves into cryptocurrencies. He wants to turn the second-most populous city in Brazil into a hub for cryptocurrency.
Rio de Janeiro Mayor Warms To BitcoinSpeaking at a panel during the Rio Innovation week on Thursday, Rio de Janeiro mayor, Eduardo Paes, revealed plans to invest a portion of the city’s reserves in Bitcoin. “We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency,” Paes reportedly said according to a report by Brazilian newspaper O Globo.
The event was also graced by Bitcoin-loving Miami mayor Francis Suarez, as well as other top Rio de Janeiro officials such as Finance Secretary Pedro Paulo. According to Paulo, the city’s administration is also exploring how to apply discounts to property tax payments made in Bitcoin. At the moment, citizens in Rio already enjoy a 7% discount on property taxes, but with the proposed amendment, this discount could be as much as 10% if paid in bitcoin.
Konami’s Castlevania Anniversary NFT Sale Raises Over $160K
Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what other companies have experienced so far, facing a negative backslash regarding these activities.
Konami Takes to Opensea With Castlevania NFTsKonami, one of the most recognized Japanese gaming development companies, raised more than $160K in sales during its first NFT related business. The company organized an NFT auction to celebrate the 35th anniversary of one of its most beloved franchises, Castlevania, which has sold more than 20 million copies at a worldwide level. 14 NFTs were sold during the auction, with the highest amount being paid for an NFT depicting the map of the first Dracula’s Castle, which sold for more than $26K.
The second-highest bid was made by a three-minute video that showed some highlights of the different games of the series, which sold for around $17K. The page of the collection in Opensea now shows that the cheapest piece is now listed for 30 ETH, a little more than $100K at the time of writing.
A Different ResultThe first foray that Konami is making in the NFT world had a very different result from what other gaming companies have experienced so far, even with the bad reception that the NFT auction garnered from gaming-related sites. While blockchain-related companies have enjoyed a lot of success with the use of metaverse and web3 elements in play to earn initiatives (like Axie Infinity), traditional companies are still making experiments in using these elements for their franchises.
Another leading Japanese game development company, Square Enix, has argued in favor of the introduction of token economies in games. Yosuke Matsuda, CEO of the company, stated that the transition to “contribute to earn” will inspire people to connect with games and with other players, creating self-sustaining economies. Square Enix is contemplating getting into the decentralized gaming business since last year.
Ubisoft, another gaming development company, has already launched its native NFT marketplace, called Quartz, that uses Tezos technology to issue and distribute NFT’s to its players. Until now, the reception has been negative, with players and workers of the company criticizing the initiative. GSC Game World, creators of the Stalker franchise, also had to drop its NFT plans due to the backlash it created in social media.
Konami, a Japanese game developer and software publisher, raised more than $160K in its first foray into the non-fungible token (NFT) scene. This was the result of an NFT auction related to the 35th anniversary of Castlevania, one of its most popular franchises. The end result contrasts with what other companies have experienced so far, facing a negative backslash regarding these activities.
Konami Takes to Opensea With Castlevania NFTsKonami, one of the most recognized Japanese gaming development companies, raised more than $160K in sales during its first NFT related business. The company organized an NFT auction to celebrate the 35th anniversary of one of its most beloved franchises, Castlevania, which has sold more than 20 million copies at a worldwide level. 14 NFTs were sold during the auction, with the highest amount being paid for an NFT depicting the map of the first Dracula’s Castle, which sold for more than $26K.
The second-highest bid was made by a three-minute video that showed some highlights of the different games of the series, which sold for around $17K. The page of the collection in Opensea now shows that the cheapest piece is now listed for 30 ETH, a little more than $100K at the time of writing.
A Different ResultThe first foray that Konami is making in the NFT world had a very different result from what other gaming companies have experienced so far, even with the bad reception that the NFT auction garnered from gaming-related sites. While blockchain-related companies have enjoyed a lot of success with the use of metaverse and web3 elements in play to earn initiatives (like Axie Infinity), traditional companies are still making experiments in using these elements for their franchises.
Another leading Japanese game development company, Square Enix, has argued in favor of the introduction of token economies in games. Yosuke Matsuda, CEO of the company, stated that the transition to “contribute to earn” will inspire people to connect with games and with other players, creating self-sustaining economies. Square Enix is contemplating getting into the decentralized gaming business since last year.
Ubisoft, another gaming development company, has already launched its native NFT marketplace, called Quartz, that uses Tezos technology to issue and distribute NFT’s to its players. Until now, the reception has been negative, with players and workers of the company criticizing the initiative. GSC Game World, creators of the Stalker franchise, also had to drop its NFT plans due to the backlash it created in social media.
SEC Will Continue To Evaluate Bitcoin Spot ETFs, but They Must Be Designed To Prevent Fraud: Chair Gary Gensler
The U.S. Securities and Exchange Commission (SEC) will continue to review Bitcoin (BTC) exchange-traded fund (ETF) proposals, according to SEC chair Gary Gensler.
U.S. Representatives Tom Emmer, a Republican from Minnesota, and Darren Soto, a Democrat from Florida, wrote Gensler in November expressing concerns and questioning why the SEC wasn’t comfortable allowing a Bitcoin spot ETF to trade.
The U.S. Securities and Exchange Commission (SEC) will continue to review Bitcoin (BTC) exchange-traded fund (ETF) proposals, according to SEC chair Gary Gensler.
U.S. Representatives Tom Emmer, a Republican from Minnesota, and Darren Soto, a Democrat from Florida, wrote Gensler in November expressing concerns and questioning why the SEC wasn’t comfortable allowing a Bitcoin spot ETF to trade.
LBank Exchange Will List GRINBIT (GRBT) on March 22, 2022
INTERNET CITY, DUBAI, Mar. 18, 2022 – LBank Exchange, a global digital asset trading platform, will list GRINBIT (GRBT) on March 22, 2022. For all users of LBank Exchange, the GRBT/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on March 22, 2022.
There is no doubt that communication plays an essential role in the age of information. To bring innovation to the communication, GRINBIT (GRBT) utilizes the power of blockchain technology to provide contact-free services, so that it can help people meet with each other anytime anywhere while incentivizing them at the same time. Its native token GRBT will be listed on LBank Exchange at 18:00 (UTC+8) on March 22, 2022, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Mar. 18, 2022 – LBank Exchange, a global digital asset trading platform, will list GRINBIT (GRBT) on March 22, 2022. For all users of LBank Exchange, the GRBT/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on March 22, 2022.
There is no doubt that communication plays an essential role in the age of information. To bring innovation to the communication, GRINBIT (GRBT) utilizes the power of blockchain technology to provide contact-free services, so that it can help people meet with each other anytime anywhere while incentivizing them at the same time. Its native token GRBT will be listed on LBank Exchange at 18:00 (UTC+8) on March 22, 2022, to further expand its global reach and help it achieve its vision.