Timothy Morano 26 Jul 2024 08:32 Learn the truth behind five common misconceptions surrounding Web3 games, including AAA studio involvement, user-friendliness, and financial models. Web3 gaming is rapidly evolving, but misconceptions still exist. According to immutable.com, it is important to distinguish fact from fiction in this rapidly growing field.AAA Studios Are Investing in Web3Contrary to popular belief that AAA game studios are ignoring Web3, industry giants like Ubisoft, Sony, and Epic Games are investing heavily in the space. According to Immutable (IMX), 29 of the world’s top 40 game companies are already on board.…
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Top Stories This Week BlackRock Bitcoin ETF records biggest inflow day since March at $523M BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23. The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X. The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth…
Top Stories This Week BlackRock Bitcoin ETF records biggest inflow day since March at $523M BlackRock’s spot Bitcoin exchange-traded fund (ETF) notched its biggest day of inflows in over four months, with over $523 million entering the fund on July 23. The iShares Bitcoin Trust ETF (IBIT) scooped up 7,759 Bitcoin on July 22 — worth just over $523 million at the time of writing — according to Hey Apollo data cited by its co-founder, Julian Fahrer, in a July 23 post on X. The July 22 inflows bring the total assets under management for IBIT to 333,000 BTC, worth…
FLOKI could see a 25% recovery if market sentiment improves This recovery could be thwarted if whales sell off their holdings Among the top Mimecoins on the market, FLOKI INU It showed the least price relief in the last 24 hours. FLOKI rose by 1.5%. Pepe and Dog Whip Hat (WIF)but Bonk and Dogecoin (DOGE) They rose 6% and 4% respectively. This suggests that if the relief rally continues into the new week, Mimecoin may not rally equally. But what does this mean for FLOKI? Can FLOKI reverse its recent 20% loss? Source: FLOKI/USDT, TradingView FLOKI lost more than 20%…
Wyoming Senator Cynthia Lummis told The Block that she will introduce legislation next week that would direct the U.S. Treasury to purchase 1 million bitcoins (worth about $68 billion at current prices) over five years. She said the move was intended to counteract the effects of the dollar’s declining value.“Bitcoin Bitcoin -0.24% “It’s a huge store of value. It’s increased by about 55 percent a year over the last four years. Over that same period, we’ve seen the value of the U.S. dollar go down and inflation go up,” Senator Lummis said.“So I think it would be valuable to have…
James Ding 26 Jul 2024 08:57 Binance has launched a promotion for the FDUSD Easy Profit product, offering eligible users up to 11.5% APR rewards during the promotion period. Leading cryptocurrency exchange Binance has launched a new promotion for FDUSD Simple Earn Flexible Products. According to binance.com, eligible users can enjoy an exclusive bonus tiered annual percentage rate (APR) of 10.5% on top of the real-time APR rewards, bringing the total potential APR to 11.5%.Promotion DetailsThe promotion period runs from July 26, 2024 (00:00 UTC) to August 8, 2024 (23:59 UTC). Users who sign…
Update July 26, 1:20 PM UTC: This article has been updated to include a quote from Nexo’s Eleonor Genova.Elon Musk’s X is causing waves in the cryptocurrency community once again by removing the cryptocurrency emoji that has been in use for more than four years.The cryptocurrency community on X is wondering why several cryptocurrency emojis, including Bitcoin (BTC), have been removed from the social media platform. According to multiple reports, X deleted the Bitcoin hashtag emoji and several other cryptocurrency emojis on July 25.Source: Degen NewsCommunity requests Bitcoin emojis with UnicodeThe cryptocurrency community was quick to react to the news…
Donald Trump further detailed his cryptocurrency platform on stage in Nashville. Bitcoin Bitcoin +0.93% He is scheduled to take the stage an hour after his scheduled address on Saturday to deliver his 2024 convention address. In a speech that mostly covered broad election-related policies, former President Trump also outlined more specific promises related to Bitcoin and the broader cryptocurrency industry. In a speech that drew a roar from the audience, the candidate surprised Trump by announcing that if elected, he would replace SEC Chairman Gary Gensler. Gensler is a common enemy of the crypto industry, which generally sees his policies…
Arbitrum’s decentralized autonomous organization (DAO) is reviewing proposals to expand the network’s Orbit Chain to other blockchains beyond Ethereum.ExtensionsIn January, the Arbitrum Foundation introduced the Arbitrum Extensions program to extend Orbit Chain to other Ethereum-based chains.This program allowed crypto projects to fork the Arbitrum codebase and adapt it to their business needs while sharing 10% of their revenue with the broader Arbitrum ecosystem. These chains have gained significant adoption in recent months as they enable the development of highly customizable throughput and governance-supported networks.So, due to this growing demand, the Foundation proposed to expand Orbit Chain to non-Ethereum networks. They…
Louisa Crawford 26 Jul 2024 09:46 Binance is launching a promotion where selected users who complete deposit and trading operations within a specified period will receive a prize of 50,000 FDUSD. According to Binance, Binance has launched a new promotion where selected users can receive 50,000 FDUSD as a reward by inviting them to complete deposit and trading operations.Promotion DetailsThe promotion will run from 12:00 UTC on July 25, 2024 to 08:00 UTC on August 15, 2024. During this period, selected users will receive invitations to participate in the task via email, InMail, and…