Mga Gabay, Kaalaman at Insight sa Crypto

YGG-backed Oasys Blockchain Hopes To Take P2E Gaming Mainstream

“Gaming is the best use case the world has ever seen for blockchain and I believe we will see 10 million wallets interacting with blockchain games before the end of this year,” said Oasys founding member Gabby Dizon.　　The team behind the new gaming-focused proof-of-stake blockchain Oasys say that its been designed to increase mainstream play-to-earn (P2E) adoption.　　The Singapore-based firm (Oasys PTE. LTD) behind the new chain touts its scalability, eco-friendly PoS blockchain, “zero gas fee experience” and the portability of digital assets between different projects built on the blockchain as key drawcards for developers and users.　　The founding team includes a host of names from top crypto and gaming firms including Bandai Namco Research president and CEO Hajime Nakatani, Sega Corporation co-COO Shuji Utsumi, double.jump.tokyo CEO Hironobu Ueno, Thirdverse CEO Hironao Kunimitsu and Yield Guild Games (YGG) co-founder Gabby Dizon.　　The Oasys blockchain officially launched on Feb. 7 and has partnered initially with 21 gaming and Web3 tech companies to act as validators, with Dizons crypto gaming guild YGG signed on as one of the first.　　As part of the launch last week, Sega Corporations Utsumi highlighted the importance of building a scalable blockchain gaming ecosystem that also recognizes “the need to have

2022-02-17Malalim na Pagsisid

ApeSwap Celebrates Birthday with Plethora of Giveaways

The protocol celebrated one year in the industry filled with memorable achievements.　　ApeSwap Celebrates First Anniversary 　　Multi-chain Decentralized Exchange (DEX) and yield farming platform, ApeSwap, just turned one on February 13th. The protocol celebrated its first anniversary, with numerous activities announced via Twitter and social media. 　　From the Twitter announcement on February 13th, the DEX held a team giveaway birthday burn event, announced its DeFi 2.0 innovation, and hosted a Twitter Spaces with core team members on February 13. ApeSwap also hosted the giveaway to appreciate the incredible community for being a part of its growth in the Decentralized Finance (DeFi) space. 　　“ApeSwaps growth, durability, and trajectory has exceeded our wildest dreams over the past year. Our birthday celebration was a lovely way to cap it off and remember all of the exciting events from the past 12 months,” Harambe Nakamoto, Lead Frontend Dev from ApeSwap, told BSC News.　　The ApeSwap anniversary Twitter space featured five of its core team members, who shared their favorite memories of being a part of ApeSwaps immense growth in the industry. The DEX also gave out $50 in its native $BANANA token. 　　ApeSwap enjoyed a prosperous first year in the industry. In 2021, the protocol recorded

2022-02-16Malalim na Pagsisid

Mastercard Expands Consulting Services to Crypto

American multinational financial services corporation, Mastercard Inc, is expanding its consulting services and is making commitments to support several innovations in the cryptocurrencies market.　　As announced by the Purchase, a New York-based firm, the expanded consulting service will also encompass Open Banking, Open Data, and Environment, Social & Governance (ESG).　　Mastercard is a technology-driven firm, also known as one of the credit card payment giants, that is known to have a deep interest in digital currencies as the next big force in payments. Cryptocurrencies have showcased they are favourites in that they are typically faster and sometimes cheaper than traditional payment models. 　　While Mastercard has come to terms and embraced these advances, the company said it is now ready to help businesses whether small or big that are contemplating a switch or an integration into digital currencies as a whole. Amongst the many ways it said it would drive home these consulting services and its overall reach to those who needed it. Mastercard noted it would be onboarding as many as 500 college graduates and young professionals, train them, and bolster its existing crop of data analysts.　　“Payments are just the beginning,” says Raj Seshadri, Mastercard president of Data & Services. “Over the

2022-02-16Malalim na Pagsisid

$1T Opportunity: JPMorgan Becomes First Major Bank In The Metaverse

JPMorgan is officially the first major bank in the Metaverse, having opened a virtual lounge in blockchain-based Decentraland in an effort to capitalise on a “$1 Trillion” market opportunity.　　The largest bank in the US, JPMorgan, has taken a massive step into the Metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labelled the sector as a “$1 trillion opportunity.”　　Visitors to the lounge, situated in Decentraland‘s Metajuku mall, are greeted by a roaming tiger and a digital portrait of Jamie Dimon, the CEO of JPMorgan. If players walk upstairs, they can watch an executive’s presentation on the economics of cryptocurrency.　　The “onyx lounge”, named after JPMorgans in-house blockchain payments system was unveiled alongside a report from the bank, detailing the types of business opportunities companies can expect to find in the Metaverse.　　The report states: “The Metaverse will likely infiltrate every sector in some way in the coming years, with the market opportunity estimated at over $1 trillion in yearly revenues”, while also highlighting that $54 billion is already being spent on virtual goods each year—twice the amount spent buying music.　　The report notes the average price of virtual land doubled from $6,000 to $12,000 between June and December last

2022-02-16Malalim na Pagsisid

Crypto Market Back Above $2 Trillion as Bitcoin, Ethereum Recover

The total value of all cryptocurrencies is once again back above $2 trillion as Bitcoin is testing $44,000 price levels.　　Bitcoin has surged 4.7% in the last 24 hours, hitting an intraday high of $44,207 in the early hours on Tuesday, as the overall market recovered nearly $90 billion over the past 24 hours.　　As data from CoinGecko shows, the leading cryptocurrency is now up 14% over the last two weeks, helping the broader market recovery.　　Ethereum, the second-largest cryptocurrency in terms of market cap, has posted 8.2% gains over the day, trading hands at $3,104 at press time.　　Other major coins are on the rise as well.　　Binance Coin (BNB) has spiked 8.5% over the last day to the current value of $428, while SOL, the native token of the Solana blockchain, surged 11.4% to climb up to $103.　　The latest price action has brought the overall market cap back above $2 trillion, last tested on Thursday, February 10.　　Crypto rebounds amid Canada news　　The market is rebounding on the back of the controversial news of Canadas government decision to invoke the 1988 Emergency Act—the states attempt to cut funding to truck drivers, called the “Freedom Convoy,” protesting against local COVID-19 restrictions.　　Canadas Prime Minister Justin Trudeau and

2022-02-15Malalim na Pagsisid

Dogecoin (DOGE) Price Today: DOGE Flipped At $1.45; Sets Eye On January Lows

Dogecoin‘s (DOGE) price fails to sustain the previous session’s gains. The largest meme-coin remained under selling pressure after being rejected near $0.17. As of press time, DOGE/USD is trading at $0.14, down 2.02% for the day. As per the market capitalization, Dogecoin is among the top 10 biggest cryptocurrencies reported by CoinMarketCap.　　Dogecoin (DOGE) price remained under pressure on the first day of the week.　　DOGE set to test Januarys low of $0.12.　　Expect a reversal of 50% if holds near the current levels.　　In a recent update, Elon Musk has signaled that satellite internet provider Starlink could start accepting Dogecoin. Starlink is committed to offering high-speed broadband internet to customers in the most remote area of the planet. Further, the rumors are ripe that Musks SpaceX could also enable Dogecoin payments. According to the U.Today, the space exploration company is already in the process to accept DOGE for a moon mission called DOGE-1 that is supposed to launch in the first quarter of 2022.　　However, the fundamental catalyst failed to ignite any meaningful price action in the meme coin.　　On the daily chart, the Dogecoin (DOGE) price has been trading pessimistically from the highs of $0.340 made on October 28 with a devaluation of nearly

2022-02-15Malalim na Pagsisid

PDAX Raises $50M to Support NFT and Play-to-earn in the Philippines

Philippine-based cryptocurrency exchange Philippine Digital Asset Exchange (PDAX), announced on Thursday, February 10, that it has raised more than $50 million in a funding round led by Tiger Global. The investment from Tiger Global completed the companys Series B round of funding, which began with $12.5 million in August 2021.　　In a message to BitPinas, Nichel Gaba, CEO of PDAX said the fresh funding will allow PDAX to cater to the growing NFT and play-to-earn market in the Philippines.　　“This fundraise also helps us expand into new offerings that caters to the growing market of NFT enthusiasts and #PlayToEarn gamers. We want to be able to provide a smooth and hassle-free crypto experience for guild managers and scholars.”　　As reported on BitPinas, the Philippines is a major market in the growing play-to-earn industry, with half of Axie Infinity‘s more than 2.1 million players reportedly are from the country. In addition, 17% (or 3.57 million users) of MetaMask’s 21 million users are also from the Philippines.　　While there are a few peer-to-peer solutions for cashing out of the “metaverse,” PDAX said it wants to fill in that cash-in and cash-out gap for Filipinos.　　“We are aware of the many challenges they face right now, and we

2022-02-14Malalim na Pagsisid

Netflix to Release Documentary on 2016 Bitfinex Hack

American subscription streaming service and production company, Netflix Inc has announced it is going to release a documentary about the 2016 Bitfinex hack - a financial crime that can earn the tag as one of the biggest financial thefts in history.　　In the documentary, Netflix will feature a Manhattan-based couple named Ilya “Dutch” Lichtenstein and Heather Morgan, the alleged mastermind behind the hack that saw over 120,000 Bitcoin units moved from the trading platform. The value of the stolen Bitcoin has grown from the $71 million it was at the time to over $4.5 billion today, and the funds have been sitting in a wallet address controlled by the couple.　　Over the years, both Ilya and Heather have been trying to utilize the funds in the wallet through a series of complicated transactions that was eventually tracked by the authorities. As reported by Blockchain.News last week, the couple has been arrested by the authorities, and they face as long as 25 years in prison based on the different counts of charges relating to their offence.　　The Netflix docu-series will be directed by Chris Smith and produced by executive producer Nick Bilton. The timeline for the release of the documentary is undefined, however, it

2022-02-14Malalim na Pagsisid

SEC Slaps BlockFi With $100 Million Fine – Is That Too Much?

BlockFi may be forced to dig deep into its coffers and pay fines of up to $100 million.　　According to credible grapevines, the U.S. Securities and Exchange Commission is looking to slap the crypto lending platform $50 million for providing unregistered securities.　　Details have now emerged that an additional $50 million will be paid to five states where BlockFi is being investigated.　　An ongoing inquiry into the companys activities by the SEC led BlockFi to pay the hefty fee.　　SEC Chairman Gary Gensler announced in early January that crypto exchanges will face increased scrutiny.　　SEC Smells Something Fishy　　While the SEC probe into Ripple has been continuous since 2020, the SEC began placing BlockFi under the microscope in November of last year.　　According to the SEC, BlockFis high yielding accounts constitute unregistered securities.　　The crypto lending platform issued a statement reassuring investors that the SEC and state regulators were still engaged in discussions.　　“We‘ve had a good working relationship with federal and state regulators. Market rumors are not something we’re interested in discussing,” the update stated.　　SEC Fee Costs BlockFi Arm And Leg　　The penalties are among the harshest imposed against a cryptocurrency firm in the face of a U.S. crackdown on the industry.　　Security regulators in New Jersey, Texas, Kentucky, Alabama

2022-02-14Malalim na Pagsisid

Binance Invests $200M in Forbes ahead of SPAC IPO

Binance cryptocurrency exchange, the largest in terms of trading volume worldwide, is investing as much as $200 million in Forbes, through a new venture that will see the media unicorn go public in a merger with Special Purpose Acquisition Company (SPAC) Magnum Opus. 　　As announced by Forbes, the company has already inked a partnership with Magnum Opus to establish a business combination that will see Forbes go public listing on the New York Stock Exchange under the ticker symbol ‘FRBS’. The public listing deal is expected to close before the end of the first quarter, and the Binance investment will position the trading giant as a key adviser in digital assets and Web3.0 strategy.　　“Forbes is committed to demystifying the complexities and providing helpful information about blockchain technologies and all emerging digital assets,” said Mike Federle, CEO, Forbes. “With Binance‘s investment in Forbes, we now have the experience, network, and resources of the world’s leading crypto exchange and one of the worlds most successful blockchain innovators. Forbes, already a resource for people interested in the emerging world of digital assets, can become a true leader in the field with their help.” 　　The new company will pursue more innovative products and services

2022-02-11Malalim na Pagsisid

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