Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Traditional gaming is in a tough spot. Mobile revenues are slipping and user acquisition costs are heading in the other direction. To revive growth and cultivate community, developers are turning to web3 to bake in true digital ownership, token incentives, and play-to-earn models. You might also like: Gone to hell: Web3 governance can save mainstream gaming | Opinion This stickiness is changing how players engage and how games attract and monetize audiences. As a result, users are…
Core Scientific’s CEO, Adam Sullivan, said that since announcing the CoreWeave AI infrastructure deal, the company has received several approaches from top-tier private equity firms for financing and partnerships. PE firms are chasing data center business for AI-related computing power and looking at bitcoin miners’ existing infrastructure as attractive options. Sullivan said the miner isn’t focusing on CoreWeave’s recent acquisition offer but expects M&A to accelerate in the mining sector in general. Private equity (PE) firms are finally seeing value in bitcoin (BTC) miners, thanks to the rising demand for data centers that can power artificial intelligence-related (AI) machines. The…
A widely followed cryptocurrency analyst and trader believes Bitcoin (BTC) is gearing up for a big bounce. The analyst pseudonymously known as Credible Crypto tells his 393,300 followers on the social media platform X that Bitcoin could reclaim the $68,000 level within days. “Not much has changed here folks, but lots of alts are now hitting my downside targets/bounce zones so things are starting to line up here. Won’t rule out one more spike down into local demand and then expect that relief/reversal to the upside that we have been looking for. Let’s get it.” Source: Credible Crypto/X Looking at…
Last night’s landslide victory of the UK’s Labour Party in the general election saw little to no mention of Bitcoin, blockchain, or digital assets. Leading up to the election, the party’s manifesto remained silent on crypto or Bitcoin at a time when the topic is becoming increasingly prevalent in the US election race. However, Labour’s previous statements and plans suggest a cautious yet open stance toward blockchain technology. While not directly addressing crypto, Labour has shown interest in related technologies, such as the support for the tokenization of assets. Shadow Chancellor Rachel Reeves and Shadow City Minister Tulip Siddiq have…
Justin Drake critiqued Solana’s Layer 1 approach, suggesting it may limit scalability compared to Ethereum’s layered solutions. Anatoly Yakovenko defended Solana’s focus on practical, efficient user solutions over Ethereum’s ultrasound money concept. Over the past year, Solana has displayed significant growth, attracting substantial capital inflows and rapidly climbing the market cap rankings. Further, Solana surpassed Binance’s BNB Coin in March, establishing itself as a key competitor to Ethereum. Despite Ethereum maintaining its dominance in the decentralized finance (DeFi) sector, anticipation surrounding the approval of an Ethereum ETF has further fueled investor enthusiasm, boosting its market performance. However, the two blockchain…
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This reduction, the second-largest this year, follows a 5.62% drop that occurred on May 9 at block height 842,688. Both significant decreases came after the fourth halving event at block height 840,000. Despite hashprice levels hitting unprecedented lows, the hashrate remains at 582.33 exahash per second…
The Sandbox, the subsidiary of Animoca Brands, is conceptualizing a decentralized virtual world where creativity merges with gaming. Animoca Brands is a pioneer in digital property rights for the metaverse platform, and it is amazing to note that the Sandbox raised $20 million of promissory notes with a $1 billion market cap. Kingsway Capital and Animoca Brands, in collaboration with the other two firms, manage the funding. The new multimillion-dollar funding by Animoca Brands will lead to a new era of novelty in composable user-generated content games. The Sandbox depicts the evolution or revolution of user-generated content games for the…
Bitcoin price defends support due to ascending trendline as BTC bulls hold above $61,000. GameStop stock shapes and accelerates markets for two days after Roaring Kitty’s surprise resurfacing. GME could generate renewed appetite for risk/hype among speculators seeking opportunities, potentially causing downstream effects on BTC and alts. Bitcoin (BTC) price continues to glide along an ascending trendline on the four-hour time frame. Meanwhile, the GameStop saga that has resurfaced after three years distracts the market, with speculation that it could inspire risk appetite among traders and investors. Also Read: GameStop shorts lose over $1 billion in mark-to-market losses on Monday…
Crypto investor Will Clemente predicted that Coinbase stock could be valued at $400 billion, implying a gain of seven times from current levels. Coinbase is one of the largest centralized crypto exchanges alongside market stakeholders like Binance, Bybit, and Kraken. Despite Coinbase stock (COIN) recording an uptrend since January 2023, the company’s shares are more than 30% below its where shares traded at after its initial public offering. Currently, COIN is trading at around $222 and Clemente opined that shares have an upside potential to $1,700 by the end of the crypto cycle. My price target for Coinbase this cycle…
VeChain hints at a collaboration between Tesla with an app launch on VeBetterDAO. Looks like Elon Musk’s sustainability mission aligns perfectly with VeChain’s. How high will the price of VET go once the Tesla app goes live? VeChain hints at a possible upcoming collaboration or partnership with Elon Musk’s Tesla with a Tesla VeBetterDAO app launch. The bullish momentum for VET price may just be getting started as VeChain reveals beta insights of what the project is working on next. Insights and beta galore – $VET– Tesla VeBetterDAO app launch– Boston Consulting Group phase 3 kicking off – VeBetterDAO mainnet…