Author: NBTC

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

The Bitcoin mining industry has been under considerable pressure this year, marked by declining revenues, reduced hash prices, and soaring production costs. Despite these challenges, miners have continued to expand infrastructure, predicting a favorable Bitcoin ($BTC) price trajectory in the long term. CoinShares’ Q3 2024 report shows that mining expansion has raised both difficulty and production costs. The average cash cost per Bitcoin ($BTC) rose to $49,500 in Q2, up from $47,200 in Q1. When incorporating other expenses like depreciation and stock-based compensation, this estimate increases to around $96,100, signaling that mining profitability increasingly relies on favorable Bitcoin ($BTC) prices.…

Hedge fund manager Mark Spiegel, who is best known as a major Tesla short-seller, has issued a bearish warning about high-flying business intelligence firm MicroStrategy. In a Thursday social media post, Spiegel opined that Michael Saylor, the charismatic co-founder of MicroStrategy, is “like the Hunt Brothers in the silver market.” “One day he’s going to want to unload all the Bitcoin and realize that he was ‘the market,'” Spiegel warned. Nelson Bunker Hunt, the eldest son of oil tycoon H.L. Hunt, famously tried to corner the silver market together with his two brothers (William Herbert Hunt and Lamar Hunt). With…

Vet, an XRPL dUNL validator, has debunked speculations that the highly anticipated Ripple stablecoin RLUSD is only for institutional investors. In an X post, the dUNL validator stated that RLUSD is for everyone, both institutions and retail users. According to him, a compelling ecosystem would need an all-rounded adoption to thrive. As a result, Ripple will need both retail and institutions to boost the stablecoin’s utility. #RLUSD is for everyone! There is no such thing as “not meant for retail”, for a compelling ecosystem you need institutions AND retail. Institutions on ramp with RLUSD to the XRP Ledger and distribute…

Avalanche-based battle royale shooter Off the Grid has experienced mainstream success that we haven’t seen from crypto games before. The third-person shooter quickly became the top free-to-play title on the Epic Games Store last month, as the early access rollout attracted a crowd of traditional gamers—some of whom may be more open to Web3 than before. But what made the big launch a crypto gaming success, and how could Off the Grid’s unique approach impact how future blockchain games attempt to reach players? Most industry experts that Decrypt spoke with put Off the Grid’s success down to the “game-first” approach…

Developing nations are increasingly exploring Bitcoin integration, driven by the increasing popularity and importance of the cryptocurrency to the global financial system. On November 1, David Bailey, CEO of Bitcoin Magazine, revealed that several countries are quietly advancing towards Bitcoin adoption. Developing Nations Prepare for Bitcoin Adoption Through State-Funded Mining Projects Bailey highlighted this “behind-the-scenes” movement on X (formerly Twitter), where he pointed out that many developing countries are conducting energy-intensive pilot projects to adopt Bitcoin. He mentioned that these nations are funding domestic mining initiatives, transitioning from pilot projects exceeding 100 megawatts to larger efforts reaching gigawatt scales. According…

Ellipsis Labs, the core developer of the Solana decentralized exchange platform Phoenix, has secured $21 million in funding led by venture capital firm Haun Ventures. According to Ellipsis Labs’ the funding round will allow the platform to accelerate the development of Atlas, a verifiable finance blockchain. The purpose-built blockchain is Ellipsis Labs’ new project following the successful launch of its on-chain orderbook, Phoenix, on Solana (SOL). Read more: Coinbase’s L2 Base welcomes Franklin Templeton’s tokenized fund Phoenix is a key decentralized finance infrastructure contributing to Solana’s growth. With this funding, Ellipsis Labs aims to bring Atlas to the next level…

Media personality Ben “BitBoy” Armstrong has recently sparked conversation in the crypto community by identifying XRP among altcoins he believes are set to “rip” soon. He took to X earlier today to express his view that the altcoin market is gathering momentum for a significant upsurge in the near term. This outlook comes amid the unimpressive price action of altcoins last week. While Bitcoin successfully recaptured the $60K range and defended it for at least two days, prominent altcoins failed to benefit significantly from this momentum. For instance, Ethereum only rallied up to $2,460 when Bitcoin re-entered $60K, which is…

A veteran crypto strategist is issuing a dire warning on Bitcoin, saying that BTC is in danger of plummeting to the $50,000 price level. In a new video update, pseudonymous analyst DonAlt tells his 62,500 YouTube subscribers that a Bitcoin weekly close below $70,000 opens the door for another round of cascading liquidations for BTC. DonAlt believes that Bitcoin’s recent climb above $70,000 is driven by paper-handed traders looking to make a quick buck in the event of a Trump victory. But the analyst warns that their positions will likely be liquidated if BTC struggles to sustain its rally. “I…

Tether increased its Bitcoin and precious metals holdings in Q3 2024, bringing them to $4.8 billion and $5 billion, respectively, according to its latest Consolidated Financials Figures and Reserves Report. The stablecoin issuer also significantly boosted its US Treasury Holdings to $102.5 billion, the largest portion of its reserves. Building on a strong financial foundation, Tether’s net equity rose to $14.2 billion, doubling from $7 billion at the end of 2023. This quarter, Tether’s USDT in circulation reached an all-time high of nearly $120 billion, driven by rising global demand. With a 30% increase in 2024, adding $27.8 billion year-to-date,…