‘Web3 Games’ Causes Employee Attrition: Grease Monkey Games Founder Changing direction is nerve-wracking for any company. But when greek monkey games Founder Arran Potter told his team he was transitioning to “Web3 gaming,” but had no idea that 10 employees would be leaving the company. “We told the studio this was happening. We lost a lot of staff going into this space. They just didn’t want to make Web3 games.” Potter tells Web3 Gamer. “We lost about 10 people in about a month,” he added. The Australian-based company is part of Animoca Brands and is best known for the popular…
Author: Crypto Flexs
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One cryptocurrency strategist who correctly called Bitcoin’s (BTC) halving correction believes that altcoins are close to taking center stage. Household analyst Rekt Capital told his 473,400 followers on social media platform I said there is. According to Rekt, OTHERS appears to be following the script he laid out in February, which suggests the broader altcoin market is poised for a gain of around 42% from current levels of $297.5 billion. “Altcoin market caps have hit their highest weekly close since early April 2024. They are also perfectly following the ultimate altcoin market cap game plan outlined earlier this year.” Source:…
BNB price is one of the few cryptocurrencies that continues to rise despite recent market weakness. Binance Native Tokens benefit from changing holder attitudes and improving market conditions. BNB could see growth The price of BNB could capitalize on the optimism shown by investors. Over the past week, BNB holders have shifted their stance from bearish to bullish as funding rates held steady for the first time since late March. The funding rate is a periodic payment between futures contract traders to ensure that the contract price remains close to the spot price. It reflects the difference between the perpetual…
Japanese listed company Metaplanet Inc. (TSE ticker: 3350) announced a significant boost to its Bitcoin holdings. At a recent board meeting, the company decided to purchase an additional 250 million yen worth of Bitcoin, currently worth $1.6 million.JUST IN: 🇯🇵 Japanese listed company Metaplanet makes additional purchases worth 250 million yen #Bitcoin pic.twitter.com/YmRDiLl02z— Bitcoin Magazine (@BitcoinMagazine) May 28, 2024 Metaplanet recently outlined its approach to Bitcoin management. The company also stated that Bitcoin acquired for long-term purposes is recorded at cost, ensuring stable accounting over time. Conversely, Bitcoin held for short-term purposes is revalued to market value on a quarterly…
Riot Platform proposes to acquire Bitfarms for $2.30 per share CASTLE ROCK, Colo. – Riot Platforms, Inc. (NASDAQ: RIOT) announced an offer to acquire all outstanding shares of Bitfarms Ltd. (NASDAQ/TSX: BITF) for $2.30 per share. According to Riot Platforms, the acquisition aims to create the world’s largest publicly traded Bitcoin miner. The proposed acquisition price is a 24% premium to Bitfarms’ one-month trading volume-weighted average stock price as of May 24, 2024, and a 20% premium to Bitfarms’ stock price as of April 19, 2024. The total asset value is approximately $950 million. Strategic…
Posted 1 minute ago In ~ Semler Scientific, a medical device manufacturer and health technology company, announced Tuesday that it plans to purchase Bitcoin with its cash reserves, sending the company’s stock price up 27% almost immediately.Semler Scientific’s Board of Directors “adopted Bitcoin as its primary treasury reserve asset” and “purchased a total of 581 Bitcoins. 40 million dollarsThe company said, “This amount includes fees and expenses.”After closing at $23.32 per share on Friday (U.S. markets are closed on Monday), Semler Scientific’s stock price soared 27% on Tuesday, reaching $29.50 per share at one point, according to Yahoo Finance. So…
After a significant week for Ethereum, a technical candlestick arrangement shows that ETH price could be poised for a sharp rise in the coming weeks and months. One analyst points out the incident in the monthly chart. note The ETH/BTC ratio is reversing from its multi-year support trend line. In general, the analyst went on to say that when prices bounce from this line, altcoin prices tend to react and rise. ETH/BTC rises from important support trend line ETH/BTC is a ratio closely monitored by technical analysts. Compare the performance of the world’s 1st and 2nd most valuable coins. Bitcoin…
Torque Drift 2 adds iconic car models and integrates with Motorverse. According to a recent announcement from Animoca Brands, gaming studio Grease Monkey Games (GMG) has released the official 0.9 update for its premier drift racing simulator, Torque Drift 2 (TD2). This update, available for PC from the Epic Games Store, includes new features and improvements that enhance your overall gaming experience. New car models and features The version 0.9 update brings a variety of new car models from iconic brands such as Nissan, Toyota, and Honda. Players can now drive the Nissan R33, Toyota…
The EU plans to limit MEV in cryptocurrencies to minimize ‘market abuse’. Industry analysts have mixed opinions on this proposal. The European Securities and Markets Authority (ESMA) plans to limit the Maximum Extractable Value (MEV) utilized by miners and validators. Commenting on the plan, Patrick Hansen, Circle’s Head of Strategy and Policy for the EU Region, said: decided The EU aims to make MEVs ‘illegal’. ‘MEVs are treated as a clear example of illicit market abuse by the EU draft standard setting out the MiCA rules.’ The MEV limits are part of ESMA’s implementation guidance for various rules included in…
XRP price has struggled to continue rising above the $0.540 resistance level. It is currently consolidating near $0.5320 and could target a bullish reversal. XRP still faces many hurdles near the $0.5420 region. The price is currently trading near $0.5320 and the 100-hourly simple moving average. On the hourly chart of the XRP/USD pair, there is a bullish trendline connecting with support near $0.5265 (data source from Kraken). If the bulls remain active above the $0.5220 area, the pair could start a fresh increase. XRP price maintains support Over the past few sessions, XRP price has been trading in positive…