Web3 gaming represents a revolutionary intersection of blockchain technology and interactive entertainment, heralding a new era in the gaming industry. This article serves as your comprehensive guide to understanding the intricacies of Web3 gaming, providing insights into the top web3 games and web3 gaming companies that are leading this digital transformation. Whether you’re a seasoned gamer curious about the transition from traditional to Web3 gaming, or a crypto enthusiast eager to understand the synergy between gaming and blockchain, this guide has you covered. We’ll introduce you to the best web3 games that are redefining player experience and discuss the innovative mechanics that set these games apart. Additionally, our curated list of top Web3 games will serve as a valuable resource for enthusiasts and gamers alike. What Is Web3 Gaming? Web3 gaming, at its core, is an innovative fusion of traditional gaming elements with the decentralized, secure, and transparent features of blockchain technology. Unlike traditional gaming, where the game’s data and assets are centrally controlled, Web3 gaming introduces a decentralized approach. This paradigm shift allows players to have true ownership of in-game assets, such as skins, characters, and virtual real estate, in the form of Non-Fungible Tokens (NFTs). This ownership is verifiable and transferable across different platforms, thanks to the underlying blockchain technology. The integration of cryptocurrencies in Web3 gaming also introduces novel monetization models, including Play to Earn (P2E). In these models, players can potentially earn cryptocurrency rewards for their in-game achievements and participation, adding a layer of financial incentive that goes beyond traditional gaming experiences. Another hallmark of Web3 gaming is the emphasis on decentralized autonomous organizations (DAOs). These player-driven governance structures enable a more democratic and transparent way of making decisions about the game’s future, including updates and rule changes. This level of player involvement is unprecedented in traditional gaming paradigms. The Rise of Web3 Games The rise of Web3 games can be traced back to the increasing interest in blockchain technology and the success of early blockchain-based games like “CryptoKitties,” which demonstrated the potential for integrating blockchain with gaming. This success sparked a wave of innovation, leading to more sophisticated and engaging Web3 games. Web3 games have gradually evolved to offer complex gameplay and rich narratives, rivaling their traditional counterparts. This evolution is driven by advancements in blockchain technology, enabling faster transaction speeds, improved scalability, and enhanced user experience. As a result, these games have started to attract not just blockchain enthusiasts but also mainstream gamers. The rise is also fueled by the increasing awareness and acceptance of cryptocurrencies and NFTs among the general public. As people become more comfortable with these concepts, the barrier to entering Web3 gaming diminishes, leading to a broader and more diverse player base. Another factor contributing to the rise of Web3 games is the growing interest from traditional gaming studios and developers in exploring blockchain technology. This interest is leading to partnerships, investments, and development efforts aimed at creating hybrid models that blend the best of both worlds – the immersive experiences of traditional gaming with the innovative features of Web3. The rise of Web3 games marks a significant shift in how we perceive and interact with digital content. It represents not just a new form of entertainment but also a new economy where players have a real stake and say in the gaming worlds they inhabit. Top Web3 Games List The landscape of Web3 games is rich and varied, offering a multitude of experiences that cater to different tastes and interests. These games are not just technologically advanced but also creatively diverse, ranging from simple collectibles and strategy games to complex virtual worlds with rich narratives. In this segment, we explore some of the best Web3 games that have captivated players worldwide. Overview Of The Best Web3 Games To understand what makes a Web3 game stand out, it’s essential to look at the best examples in the market: Axie Infinity: Often likened to Pokémon, this game allows players to collect, breed, and battle creatures called Axies. What sets it apart is its robust economy, where players can earn cryptocurrency through skilled gameplay and contributions to the ecosystem. Decentraland: More than just a game, Decentraland is a virtual world where players can buy, develop, and trade land and assets, all verified on the Ethereum blockchain. It’s a prime example of a virtual economy where players have true ownership and control over their digital assets. The Sandbox: This is a community-driven platform where players can create, own, and monetize their gaming experiences. The use of NFTs and the game’s native cryptocurrency, SAND, allows for a unique player-driven economy. CryptoKitties: As one of the earliest introductions of NFTs to the mainstream, CryptoKitties allows players to buy, collect, breed, and sell virtual cats. Its simplicity and novelty factor have made it a staple in the discussion of NFT-based games. Sorare: Merging the world of fantasy sports with blockchain, Sorare lets players collect, trade, and play with officially licensed digital cards of soccer players. It’s an excellent example of how real-world sports can intersect with Web3 gaming. Illuvium: An open-world RPG game built on the Ethereum blockchain, Illuvium offers a visually stunning experience with a decentralized governance model, allowing players to participate in the game’s decision-making process. Gods Unchained: A strategic trading card game that empowers players by offering real ownership of their cards. It combines traditional card game strategies with the unique benefits of blockchain technology. Aavegotchi: This game blends elements of DeFi (decentralized finance) with NFT collectibles. Players can stake tokens on their Aavegotchis, enhancing their attributes and increasing their value. Popular Web3 Game Mechs (Mechanics) The mechanics of Web3 games are what distinguish them from traditional gaming, introducing new layers of engagement and interaction. Here are some of the most popular mechanics found in Web3 games: True Digital Ownership: Players have real ownership of their in-game assets, thanks to blockchain technology. These assets, often NFTs, can be bought, sold, or traded on various marketplaces, providing players with tangible value for their in-game achievements. Play to Earn (P2E): This model allows players to earn real-world value, often in the form of cryptocurrencies, for their in-game activities. P2E mechanics have revolutionized the gaming industry by providing financial incentives for gameplay. Decentralized Autonomous Organizations (DAOs): Many Web3 games use DAOs for governance, allowing players to vote on key decisions regarding game updates, rules, and future development. This fosters a sense of community and gives players a stake in the game’s direction. Interoperability: Unlike traditional games, where assets are confined to the game they were created for, Web3 games often allow for asset interoperability across multiple games and platforms, enhancing the utility and value of in-game assets. Tokenization: In-game currencies are often tokenized as cryptocurrencies. This not only enables easy transactions within and outside the game but also integrates with the broader DeFi ecosystem, opening up new financial opportunities for players. Provable Scarcity And Rarity: Blockchain enables the creation of items with provable scarcity and unique attributes, increasing their collectability and value. Smart Contract Functionality: These self-executing contracts with the terms of the agreement directly written into code govern transactions within Web3 games, ensuring fairness and transparency. Web3 Gaming Companies And Crypto The surge in Web3 gaming has given rise to a new breed of gaming companies that are at the forefront of blending blockchain technology with interactive entertainment. These companies are not only game developers but innovators who are reshaping the gaming landscape with their unique approaches to decentralized gaming and cryptocurrency integration. Leading Web3 Gaming Companies Here are some of the leading companies that are making significant strides in the Web3 gaming space: Sky Mavis: The creators of ‘Axie Infinity,’ Sky Mavis, have established themselves as a powerhouse in the Web3 gaming world. Their innovative approach to Play to Earn gaming and NFT integration has set new standards in the industry. Animoca Brands: Known for backing ‘The Sandbox’ and other blockchain ventures, Animoca Brands is a key player in the space, with a vision to drive digital property rights via NFTs and build an open metaverse. Dapper Labs: The company behind ‘CryptoKitties’ and the Flow blockchain, Dapper Labs, has been instrumental in bringing blockchain to the mainstream through their engaging and accessible games. Sorare: As the minds behind the popular fantasy football game that uses blockchain, Sorare has carved a niche in combining sports with Web3 gaming, creating a unique and compelling experience. Decentral Games: Operating in the virtual world of Decentraland, Decentral Games is pioneering in the realm of decentralized virtual casinos and gaming experiences, blending entertainment with player-owned economies. Mythical Games: With their focus on building games where players are part-owners and stakeholders, Mythical Games is pushing the boundaries of how games are played, shared, and monetized. Enjin: Known for creating an ecosystem for NFTs that can be used across various games, Enjin is a significant contributor to the concept of a multiverse where assets are interoperable across different gaming platforms. The Role Of Crypto In Web3 Gaming Cryptocurrency plays a pivotal role in the ecosystem of Web3 gaming, fundamentally altering how value is created, distributed, and exchanged within games. Here are key ways in which crypto is integral to Web3 gaming: Facilitating In-Game Transactions: Cryptocurrencies provide a seamless medium for transactions within Web3 games. Whether it’s purchasing items, trading assets, or paying for services, crypto ensures fast, secure, and borderless transactions. Enabling True Digital Ownership: Through the use of crypto wallets, players have real ownership of their in-game assets. This not only adds a layer of security but also allows players to have control over their assets outside the game environment. Play To Earn (P2E) Model: This innovative model rewards players with cryptocurrency for gameplay and achievements. It’s a significant shift from traditional gaming models, offering players not just entertainment but also a potential source of income. Governance And Voting: In many Web3 games, players use cryptocurrencies as governance tokens, allowing them to participate in the decision-making process for the game’s development and updates. Staking And Yield Farming: Some Web3 games incorporate elements of DeFi, allowing players to stake their crypto tokens to earn rewards or to enhance their in-game assets and abilities. Creating A Decentralized Economy: Cryptocurrencies are central to creating a player-driven economy within games, where the value is determined by the community and market dynamics, rather than by the game developers alone. Web3 Game Developers: Pioneers of the Industry Web3 game developers are at the cutting edge of integrating blockchain technology with gaming. The latest report by Footprint Analytics for October 2023 reveals a landscape of both opportunities and challenges. Despite a significant growth in token market capitalization, developers face hurdles in user acquisition and retention. With 73.1% of games having fewer than 10 active users, it’s clear that while the industry is expanding, with a total of 2,651 games, attracting and keeping players engaged remains a key challenge. Notably, the web3 game development landscape is geographically diverse, with the Asia-Pacific region leading the charge, hosting 40% of Web3 game developers. Notably, the United States remains a significant market, accounting for 30% of Web3 game development teams. South Korea has also emerged as a key player, contributing 27% to the Web3 gaming teams, nearly doubling its involvement from the previous year​. Upcoming Web3 Games To Watch The Footprint Analytics report highlights an interesting development with the upcoming release of “Gas Hero” by Find Satoshi Lab, known for their successful game “StepN.” Set for a community beta in late 2023, “Gas Hero” is an MMO set in a sci-fi world, distinct from “StepN’s” focus on physical activity. It’s expected to bring a fresh narrative and immersive experience to the Web3 gaming space, using Polygon blockchain and leveraging GMT tokens. Trends, Data, And Predictions For Web3 Gaming The Footprint Analytics report underscores a crucial trend in the Web3 gaming industry: while the number of games is increasing, active user growth is lagging, with only a small proportion of games having more than 1,000 monthly active users. This suggests a “false boom,” raising questions about the industry’s sustainability. Despite these challenges, the industry sees promising developments. For instance, Sega’s co-COO Shuji Utsumi expressed optimism about blockchain gaming and NFTs, marking a shift in attitude from traditional gaming giants. Furthermore, the dominance of blockchains like BNB, Ethereum, and Polygon in hosting Web3 games is evident, with new partnerships, such as Immutable’s collaboration with Amazon Web Services (AWS), aiming to provide infrastructure solutions for Web3 gaming. The market capitalization of Web3 gaming tokens has seen a notable increase in October 2023, aligning with Bitcoin’s surge. Standout projects like Axie Infinity have shown resilience and growth, suggesting that despite the broader market conditions, there is potential for success in the Web3 gaming sector. Still Early, But A Nascent Industry Moreover, the Web3 gaming sector has seen significant investments, with a reported $19 billion funneled into related projects since 2018. Despite a market correction in 2022, investment in Web3 gaming stabilized in 2023, maintaining pre-bull market levels. Notably, sports, MMOs, RPGs, and action game genres have attracted the most funding​​. The majority of the Web3 gaming ecosystem comprises indie-level and midsize projects, with high-budget AA & AAA titles being relatively scarce. RPG, action, strategy, and casual games dominate the genre spectrum. Interestingly, most Web3 games are free-to-play, but a significant portion requires players to hold specific NFTs to access the game​​. Furthermore, blockchain networks targeting the gaming sector are expanding despite market challenges. In 2023 alone, the announcement of over 81 new blockchain networks focusing on gaming indicated a 40% year-over-year growth. Developers primarily build the majority of web3 games on general-use L1 networks like Ethereum. However, there’s a rising interest in L2 and L3 solutions, particularly in Optimism’s L2/L3 networks. The Play To Earn Model In Web3 Gaming The Play to Earn (P2E) model is a revolutionary concept in Web3 gaming that intertwines gaming achievements with real-world economic incentives. This model not only enhances player engagement but also creates a new avenue for income generation through gaming. Understanding Web3 Play To Earn Games Play to Earn games in the Web3 space enable players to earn digital assets or cryptocurrencies as rewards for gameplay and achievements. These rewards often come in the form of NFTs or native game tokens. The P2E model capitalizes on blockchain technology to authenticate and secure these transactions, ensuring transparent and fair distribution of rewards. This model has opened up new opportunities for players, particularly in regions with limited access to traditional financial systems, by providing a platform where their gaming skills and strategies can translate into tangible economic benefits. Popular Play To Earn Web3 Games Several games have successfully implemented the P2E model, gaining popularity and a dedicated player base. Notable examples include: Axie Infinity: In its vibrant ecosystem with engaging gameplay, players breed, raise, and battle fantasy creatures called Axies, earning tokens that they can trade or sell. Decentraland: Players can create and monetize content and applications in this virtual world, earning cryptocurrency for their creations and land transactions. The Sandbox: This user-generated content platform allows players to create, own, and monetize gaming experiences using SAND, the platform’s native token. Alien Worlds: An NFT DeFi metaverse where players can mine and battle for Trilium (TLM), the native token, and collect unique NFTs. Splinterlands: A digital collectible card game where players earn rewards based on their gameplay and the rarity of the cards they collect. These games have popularized the Play-to-Earn (P2E) model and demonstrated its creative integration into various gaming genres and platforms. They offer varied and engaging experiences to players while providing economic incentives. Web3 Gaming News To get the latest updates in the world of Web3 gaming, readers should visit NewsBTC.com and Bitcoinist.com. Additionally, both websites provide up-to-date news, covering the latest developments, trends, and insights in the Web3 gaming sector. Frequently Asked Questions (FAQ) What Is Web3 Gaming? Web3 gaming refers to a new generation of games that integrate blockchain technology, offering decentralized gameplay, true digital ownership of in-game assets, and often incorporating Play to Earn models. What Are The Top Web3 Games? Top Web3 games include Axie Infinity, Decentraland, The Sandbox, Illuvium, and Big Time, each known for unique gameplay and blockchain integration. What Are The Best Web3 Games? The best Web3 games are subjective but popular choices are Axie Infinity, Decentraland, and The Sandbox, recognized for their engaging content and robust player communities. What Are The Most Successful Web3 Gaming Companies? Leading Web3 gaming companies include Sky Mavis (Axie Infinity), Animoca Brands (The Sandbox), and Dapper Labs (CryptoKitties). What Is Web3 Gaming Crypto? Web3 gaming crypto refers to cryptocurrencies used within Web3 games for transactions, rewards, and governance, such as AXS in Axie Infinity or SAND in The Sandbox. What Are Web3 Games? Web3 games, built on blockchain technology, feature elements like cryptocurrency integration, NFT-based assets, and decentralized governance. What Are The Latest Web3 Gaming News? You can find the latest news on websites like NewsBTC.com and Bitcoinist.com, which cover new game launches, market trends, and industry developments. What Are The Most Popular Web3 Play to Earn Games? Popular Play to Earn games include Axie Infinity, Decentraland, and The Sandbox, where players can earn cryptocurrency or NFTs through gameplay. Featured image from Unsplash / Fredrick Tendong

A popular cryptocurrency analyst has recently shared a Bitcoin (BTC) price prediction pointing to the $83,000 mark over the next couple of years, based on the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. In a post shared on the microblogging platform X (formerly known as Twitter) with its nearly

DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%. A cocktail of bullish catalysts are being cited as supporting the BTC rally, including; 1) ongoing The post Top Crypto Gainers Today on DEXTools – 10000X, BabyGrok, SaFLok appeared first on Cryptonews .

Source: Shutterstock AXA Investment Managers and Generali Investments have recently joined the growing bandwagon of companies purchasing tokenized green bonds as the digitalization of real-world assets (RWAs) gains momentum. According to a press release by French banking giant Societe Generale, it issued its first digital green bond as a security token on the Ethereum blockchain. The post AXA, Generali Jump on the RWA Wagon Following Purchase of SocGen’s Green Bonds appeared first on Cryptonews .

Robinhood, a popular stock and cryptocurrency trading app, reported a substantial increase in its crypto notional trading volumes for November 2023. According to a filing on Monday with the Securities and Exchange Commission, these volumes were approximately 75% higher than those of October 2023. This surge in activity marks a notable change for Robinhood, which ... Read more

Rockstar Games dropped the first Grand Theft Auto 6 trailer a day early, showcasing the open-world game—but it's not coming very soon.

BlockTower Capital sold a large share of its MKR. The overall price of MKR declined, but MakerDAO saw growth.Over the last few months, MakerDAO [MKR] did very well as a protocol. Despite th The post Whales sell their MKR: Were prices affected? appeared first on AMBCrypto.

The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units of Microbt’s latest Whatsminer M66S models. This substantial purchase is set to boost Riot’s current mining capabilities by

Summary Bitdeer Technologies Group is one of the largest publicly traded Bitcoin mining companies with a total hash rate under management of 21.2 EH/s. The company reported its Q3 results with Bitcoin production up 121% y/y, while adjusted EBITDA surged by 222%. Following a sharp selloff in recent months, the stock appears undervalued relative to industry peers. We are bullish on Bitcoin and see Bitdeer as well-positioned to rally higher. Bitdeer Technologies Group ( BTDR ) is one of the world's largest publicly traded Bitcoin ( BTC-USD ) mining companies with a last reported hash rate of 21.2 EH/s between its self-mining operation and hosting services. That's an envious position considering the price of BTC has surged this year, currently trading above $40,000 and at the highest level since early 2022. That being said, shares of BTDR have disappointed, losing nearly a third of its value since the company's April SPAC merger IPO . One explanation for this apparent divergence compared to the strength of the broader crypto sector could be related to the end of the stock's six-month post-IPO lock-up timing assuming some early insiders have added to the selling pressure. Taking a closer look, we sense that this sharp selloff from Q2 highs is likely unjustified resulting in the stock becoming undervalued. While Bitcoin mining remains in a speculative corner of the market, Bitdeer is generating some impressive results we believe can continue. We are bullish on the stock and see room for shares to rally alongside the momentum in BTC. Data by YCharts BTDR Financials Recap BTDR reported a Q3 GAAP EPS loss of -$0.02, narrowing from -$0.20 in the period last year. More favorably, the adjusted profit of $10.5 million, reversed a loss of -$4.1 million in the period last year. Revenue of $87.3 million climbed by 14% year-over-year, reflecting a 64% increase in the total hash rate under management. The company mined 1,085 BTC in Q3 considering only the self-mining, more than double the 490 last year. source: company IR The reconciliation here considers what has been an ongoing shift in the business with self-mining playing a bigger role at the top line while the higher margin "cloud hash rate" service, has lost some momentum. In this case, the company offers a subscription plan where customers can contract the hash rate for a fee. The demand there has slowed with the climbing network difficulty essentially making the product less appealing relative to self-mining. The bigger takeaway is that Bitdeer has still managed to capitalize on the rising price of Bitcoin while expanding the overall operation. Q3 adjusted EBITDA at $28.0 million, climbed by 222% from $8.7 million in Q3 2022. source: company IR In terms of operational updates , the company's newest Bhutan-based "Gedu facility" with 100MW electrical capacity and 3.3EH/s hash rate went online in August. From the current 895MW of global data center electrical capacity, the plan is to reach 2,024MW by 2025 through the expansion of existing facilities in addition to building-out of a new location in the state of Ohio. For reference, Bitdeer's largest active site is the 563MW Rockdale, Texas facility. Notably, the company has announced it has been selected as a Preferred Cloud Service Provider by Nvidia Inc ( NVDA ) to utilize the latest DGX SuperPod with DGX H100 cloud systems for its cloud hash rate mining service in Asia through a new "Bitdeer AI cloud" initiative. The expectation here is that this could help revitalize that side of the business going forward while leveraging its existing infrastructure. source: company IR Finally, we can bring up Bitdeer's balance sheet as another strong point in the company's investment profile. The company ended Q3 with $134.5 million in cash against just $22.6 million in long-term debt. There is also an active $2.0 million share-repurchasing program authorized through April 2024. While this amount is marginal against the company's current $550 million market capitalization, we believe it serves as a signal to the board of directors' view that the stock is undervalued at the current level. Is BTDR Undervalued? We mentioned that Bitdeer is among the largest publicly traded commercial miners in the world by hash rate. That was a point reiterated by management citing its total hash rate capacity with data from Q2. The caveat here is that not all the Bitcoin mining companies are directly comparable. In the case of category leader Marathon Digital Inc ( MARA ), for example, the company's 23.1 EH/s hash rate is entirely directed at self-mining. Other companies like Riot Platforms Inc ( RIOT ) take a more vertically integrated approach and own the power infrastructure by generating electricity through company-owned power plants. These factors play into varying levels of earnings potential and growth outlook. The other consideration here is that Bitdeer is a Singapore-based company. While this is not necessarily a problem, it appears the market places a valuation premium on U.S. and Canadian-incorporated miners. source: company IR We bring all this up because the weakness in shares of Bitdeer, down by 60% in the last three months, has been something of a puzzle next to the stronger performance of these same Bitcoin mining peers. We speculated on the timing of the post-SPAC-merger IPO lock-up period. It could be related to the market's implicit verdict on Bitdeer's specific strategy. The truth is that there simply isn't one specific catalyst. What we do know is that the business and infrastructure are real, and the company is benefiting from the same climb in the price of Bitcoin as everyone else. Data by YCharts We can also say that BTDR is trading at a 1.2x EV to consensus 2023 revenue multiple is heavily discounted compared to the peer group that has an average multiple closer to 6x. source: yCharts That wide valuation spread also extends to the EV to forward EBITDA multiple where BTDR appears "cheap" trading at 4.3x compared to 11.5x for Bitfarms Inc ( BITF ) and particularly RIOT at 31x from this same measure. Again, there are many moving parts here, and we can cite reasons why some of these stocks are at a premium including their higher hash rate growth deployments. Nevertheless, we believe there is room for those valuation spreads to at least narrow. Data by YCharts BTDR Benefits As BTC Climbs The bullish case for Bitdeer is that the price of Bitcoin continues climbing, as a runway for its mining operation to grow profitably. We've been bullish on BTC with a view that the cryptocurrency has gained institutional acceptance as a credible and legitimate alternative asset that is here to stay. The capped supply of 21 million Bitcoin drives intrinsic value based on its scarcity. The setup now is an environment of building momentum capturing macro trends between a weakening U.S. Dollar, and the pullback in interest rates, with overall renewed bullish sentiment. source: finviz On the other hand, there are lingering uncertainties in this market that represent real risks. For Bitdeer as a mining company, an open question is how the operation will evolve beyond the looming Bitcoin halving set for Q2 2024, where the value of the Bitcoin network reward will essentially be cut in half. The company will need to at least double its production level through the addition of new hash rate capacity to maintain a level of implied revenue considering a constant price of BTC. It's also unclear how the network difficulty will progress through the halving which could introduce some volatility to results over the next several quarters. If anything, one criticism of Bitdeer is that the company may not be aggressive enough in its announced expansion plans. We can also cite the regulatory backdrop as a risk to consider. Bitdeer with its operations spanning three continents and multiple states in the U.S. is subject to different jurisdictions that may be less welcoming to Bitcoin mining in the future. There is also the possibility that the price of Bitcoin simply reverses lower for any number of reasons. Putting it all together, we believe the next big move for BTDR is higher. We rate BTDR as a buy on the basis that the stock appears underpriced relative to its industry peers and the extreme volatility in recent months was unjustified. Final Thoughts Bitdeer isn't perfect but we think there are enough strong points in its outlook and like the setup particularly considering the bullish trading action in the price of Bitcoin. Over the next few quarters, the monitoring points include the monthly production level updates while we also believe margins and cash flow trends should be closely followed. Seeking Alpha

BlackRock and Bitwise updated their S-1 filings for spot bitcoin ETFs with the Securities and Exchange Commission on Monday.

Bitcoin's surge reignites investor excitement. Technical analysis suggests Dogecoin rally. The post Investors Excited as Bitcoin Surpasses $42,000: Dogecoin’s Potential Rally appeared first on COINTURK NEWS.

At the 2023 UN Climate Change Conference (COP28), Envision Blockchain made a significant impact with its innovative blockchain and artificial intelligence (AI) based platforms. These platforms are designed to enhance emissions tracking and facilitate the growth of voluntary carbon markets. The company’s latest offerings include advanced features for methodology search, project data comparison, and adherence ... Read more

Ripple Labs’ Metaco is integrating with an institutional custody firm backed by financial services giant Standard Chartered. According to a new press release, Metaco, a provider of digital assets infrastructure, is integrating with the London-based crypto custodian firm Zodia Custody as a means of creating a global network for institutions. “The integration enables institutions to The post Ripple-Owned Metaco Integrates With Institutional Custody Firm Backed by Standard Chartered appeared first on The Daily Hodl .

The Terra Classic (LUNC) price has been on a tear recently and over the last month, it has managed to outperform almost every cryptocurrency in the market. Its price has risen over 300% in a 30-day period, and this has brought its market cap back over $1.5 billion once more. As the coin continues to outperform, the possibilities of it returning to its previous all-time high market cap become greater. LUNC Price Breaks One-Year High Following the Terra collapse in 2022, the LUNC (then known as LUNA) price crashed completely, going from above $100 to less than $0. This has continued through the last year especially as the LUNC supply has swelled to over 6.5 trillion. Related Reading: AVAX Uprising: Crypto Analyst Predicts Bullish Wave To Push Price To $30 As the price has plunged, so has the market cap. But with the recovery in price so far, the jump in market cap has come as no surprise. However, it is still a long way from its all-time high market cap of $45 billion which was reached back in 2021. Now, if LUNC were to return to this all-time high market cap once more, it would be a significant increase from its current price. But it will still be a long way from its ATH price of $$120. At a market cap of $40 billion, the price of the altcoin would be just around $0.007. This would mean a more than 10x increase from its current price. However, it’ll still be very low compared to its previous price as well as the price of the new LUNA token which was launched in 2023 and is already trading above $1. Token price breaks $0.0002 | Source: LUNCUSDT on Tradingview.com Can Terra Classic Break Previous ATH? The LUNC community has implemented a burn initiative to reduce the amount of tokens in circulation. This has seen billions of tokens taken out of circulation in less than a year. Data from the LuncMetrics website shows that so far, 83.77 billion tokens have been burned since the burn initiative was introduced in 2022. However, this is only a drop in the ocean of the total token supply which numbers in the trillions. Related Reading: 3 Bitcoin-Like Proof Of Work Altcoins That Could Make You A Millionaire In 2024 Nevertheless, the community continues to burn tokens in a bid to drastically reduce the circulating supply. In the last seven days, a little over 5.2 billion LUNC tokens have been sent to the burn address, reducing the supply little by little. The LUNC price is already far from returning to its past glory, but there is still a lot ahead for the coin. If it continues to perform well in the bull market, a return to the $0.01 level is a possibility. As the crypto industry grows, the likelihood of top coins crossing the $100 billion market cap becomes even more likely, signaling a better future for the altcoin. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Analytics Insight, chart from TradingView.com

In a global shift that could redefine the dynamics of international trade and finance, an increasing number of countries are contemplating replacing the US Dollar (USD) with the Chinese Yuan (CNY). This pivotal change is spearheaded by China’s Belt and Road Initiative (BRI), launched in 2013. The BRI, a massive global infrastructure development strategy, has ... Read more

Speaking at an exclusive interview with CNBC, OpenAI COO Brad Lightcap warned users of Artificial Intelligence (AI) against expecting immediate results from the integration of the technology into their business. The Wrong Myth About AI There is a perceived notion of AI that is beginning to consume the entire ecosystem. Precisely, the evolving technology is The post OpenAI COO Debunks Crucial AI for Businesses Myth appeared first on CoinGape .

ORDI, PEPE, and Bitcoin Cash rally strongly, signaling their potential as the best crypto to buy now amid renewed market optimism. Image by cryptonews.com. Among considerations around attractive buys and the best crypto to buy now, ORDI has generated interest reaching a new all-time-high in a climate of optimism enabling a 27% surge so far The post Best Crypto to Buy Now December 4 – ORDI, PEPE, Bitcoin Cash appeared first on Cryptonews .

Switzerland-based Pando Asset AG has made a notable entry into the spotlight. The digital asset management firm has recently filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to spot Bitcoin prices. This move places Pando among a growing list of companies eager to tap into ... Read more

Today in the crypto world was nothing short of eventful, with significant moves and announcements stirring the digital currency markets. From the ambitious merger of Cosmos-based networks to Brazil’s largest bank diving into cryptocurrency trading, the landscape is buzzing with activity. Adding to the excitement, Bitcoin broke through a significant price barrier, reaching heights not ... Read more

A Discord Mod exposed a scam on Stargate where a deceptive vote manipulated over 1,000 users into staking tokens.

Michael Saylor. Source: a video screenshot, Natalie Brunell / YouTube MicroStrategy’s executive chairman Michael Saylor believes that Bitcoin (BTC) can still be 1000x from its current price of $41,500 – if given enough time. In a keynote published to X on Monday, the billionaire explained how all major asset classes appreciate against the US dollar The post Billionaire Michael Saylor Explains Why Bitcoin Will Be the ‘Apex Commodity’ in New Keynote – Here’s What You Need to Know appeared first on Cryptonews .

Bloomberg analyst Eric Balchunas gave the latest information about Bitcoin Spot ETF rumors this week in his statement. Continue Reading: Bloomberg Analyst Reveals Latest Bitcoin Spot ETF Rumors and Expected Developments This Week

Over half a billion SHIB has been burned in the last week. SHIB has risen by almost 10% in the last 24 hours.Shiba Inu [SHIB] recently experienced one of the highest burn rates in recent me The post SHIB fires up the furnace: Burn rate crosses 3000% appeared first on AMBCrypto.

he iconic 90s rapper Biggie Smalls, also known as Notorious B.I.G., will be immortalized on the blockchain. His estate has embarked on a new collaboration with the The Sandbox metaverse.

Leading cryptocurrency crosses $42,000 again. Bitwise ETF update hints at SEC's warming stance. The post Cryptocurrency Markets Surge as ETF Hopes Rise appeared first on COINTURK NEWS.

In an unprecedented move, the landscape of American politics is set to embrace the digital age in a whole new way. As we edge closer to the 2024 US Presidential Election, a groundbreaking event is slated to unfold – a forum dedicated to blockchain technology and digital assets, hosted by none other than the renowned The post 2024 Presidential Candidates Gather At Blockchain Forum appeared first on CryptoCoin.News .

Robinhood said Monday that November Crypto Notional Trading Volumes were about 75% above October 2023 levels.

Source: Pexels Web3 development protocol Envision Blockchain Solutions has partnered with the HBAR Foundation to create a blockchain-centric system for handling the carbon markets. The collaboration, announced in a press release on December 4, aligns with Envision Blockchain’s commitment to innovative enhancements within its open Guardian framework. Formalized during the United Nations Climate Change Conference The post Envision Joins Hands With HBAR Foundation in Latest Move to Digitize Carbon Markets appeared first on Cryptonews .

Bitcoin hit a fresh yearly high of $42,000, pushing the market capitalization of all cryptocurrencies over $1.5 trillion for the first since May 2022.

Final Fantasy maker Square Enix's first character NFTs for its Symbiogenesis game have names like “Condiment” and “Wastebasket.” Why?

According to breaking information, BlackRock has submitted an updated version of the Bitcoin Spot ETF S-1 filing to the SEC. Bloomberg analysts had reported that negotiations between the SEC and BlackRock and other Bitcoin Spot ETF applicants were continuing. Similarly, Bitwise made a change in its application to the SEC a few hours ago. According Continue Reading: BREAKING: BlackRock Updates Bitcoin Spot ETF Application

Bitcoin's rise has left altcoins without expected gains. Ethereum surpasses $2,200, bullish despite ETF detachment. The post Senior Analyst Sets the Last Point: It’s the End of the Super Cycle, Bitcoin Outperforms Gold – Here are the Details appeared first on COINTURK NEWS.

As institutional interest in Bitcoin grows, Fidelity and BlackRock’s proposed spot Bitcoin Exchange-Traded Fund (ETF) faces an unexpected hurdle: the crypto market’s unwillingness to let go of the coin at bargain prices. Bitcoin To $60,000 In Progress? According to Mike Alfred, who claims to be a value investor and a board director, the market will “unlikely” allow BlackRock to purchase BTC below $60,000. Taking to X on December 4, Alfred said BlackRock and other Wall Street players keen on issuing spot Bitcoin ETFs would have to “buy for Boomer’s 401k plans for at least $60,000.” This preview stems from the rapidly growing demand among institutional investors, as seen by the number of Wall Street players willing to issue complex derivatives tailored for, among other investors, “baby boomers,” most of whom are “approaching retirement.” With their substantial retirement savings, baby boomers increasingly recognize BTC’s potential as a hedge against inflation and a store of value. Related Reading: ADA In The Spotlight: Heavyweight Investors Pile Into Cardano, What’s Next? Following Federal Reserve intervention during the COVID-19 pandemic, inflation rose to multi-year levels in 2021. To preserve purchasing power, the central bank began hiking interest rates. Although inflation has fallen and the economy stabilized, it remains higher than the target of 2%. The Fed continues to track this metric and may further intervene by raising rates to lower inflation. This might impact Bitcoin prices, as seen in the past months. Nonetheless, the potential influx of boomer money into Bitcoin via a Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) approved derivatives product is a big boost for the coin. Though the SEC has yet to authorize multiple spot Bitcoin ETFs, the crypto and Bitcoin market expects the strict regulator to greenlight the first product in the next few weeks. BlackRock And Company To Buy BTC At A Premium Accordingly, ahead of this milestone development for the Bitcoin and crypto market, Alfred thinks BlackRock, Fidelity, and other players won’t secure Bitcoin at spot rates. Instead, the market anticipates that BlackRock, one of the world’s largest digital asset managers, will make their “bi-weekly purchases at prices above $60,000.” Related Reading: Bitcoin Cycle Analysis And Macro Factors Reveal When Price Will Reach $125,000 The coin is trading at April 2022 levels, ripping above $40,000 over the weekend as bulls step up. Looking at the BTC candlestick arrangement on the daily chart, the first clear resistance is around $48,000. The coin trades within a bullish breakout formation following gains above $32,000. As buyers step up and investors anticipate the SEC approving the first batch of spot Bitcoin ETFs, the coin will likely continue increasing toward all-time highs of around $70,000. Feature image from Canva, chart from TradingView

If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027.

According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.

About 28 Virtual Digital Assets (VDA) or crypto service providers have officially registered with the Financial Intelligence Unit (FIU) in India, as confirmed by the Indian Minister of State for Finance, Pankaj Chaudhary. This move comes in the wake of regulatory measures aimed at integrating the burgeoning crypto market into the nation’s financial oversight framework. ... Read more

The analyst believes, based on historical data, that the worst of the recent crypto bear market is likely over and that Bitcoin is approaching its next bull cycle.

Projects like Pudgy Penguins, Mad Lads, and Milady Maker are leading the charge for a NFT market upswing across Ethereum, Solana, and beyond.

Amid fluctuating market sentiments and regulatory expectations, the U.S. dollar regains strength while Bitcoin breaches the $42,000 mark, reflecting shifting dynamics in global financial markets. The post Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations! appeared first on COINOTAG NEWS .

In a notable development in the ongoing legal saga involving Terraform Labs and its founder, Do Kwon, the company’s legal team has highlighted a potential sanction threat against the U.S. Securities and Exchange Commission (SEC) by a federal judge in Utah. This situation emerged in the high-profile case overseen by Judge Jed S. Rakoff in The post Judge Hints at SEC Sanction in Terraform Labs Case appeared first on CoinGape .

Investors anticipate major developments in the crypto world by 2024. Interest grows as key dates for potential ETF approvals approach. The post Crypto Investors’ High Expectations for 2024 appeared first on COINTURK NEWS.

Crypto analyst sees Bitcoin surpassing $69,000 soon. Large futures positions indicate strong BTC confidence. The post Bitcoin to Reach All-Time Highs Sooner Than Expected, Analyst Predicts appeared first on COINTURK NEWS.

Amidst a transformative wave in decentralized finance, Solana's TVL balloons to over $600 million, raising questions about its impact on the price of SOL and the broader DeFi landscape. The post Solana’s TVL Surges to $600M: A Catalyst for SOL’s Price Movement! appeared first on COINOTAG NEWS .

Bitcoin, the flagship of cryptocurrencies, soared to its highest price in nearly 20 months, eclipsing the $42,000 mark. This surge, echoing across the digital currency landscape, was propelled by a wave of investor speculation that interest rates might tumble next year. Gold, too, wasn’t left behind in this rally, reaching an all-time high. This synchronized ... Read more

The prices of Ethereum and XRP rallied over the last seven days. DOGE, SHIB, and PEPE showed bullishness as well.Bitcoin [BTC] managed to go above the $40,000 mark after quite a long time The post Will Bitcoin's move above $41K spark an altcoin rally? appeared first on AMBCrypto.

Bitcoin marked its second most active day for transactions on December 3, 2023, as the cryptocurrency’s value soared past the $40K mark. This surge in activity comes closely after the record-setting day of November 19, 2023, when bitcoin miners validated 710,579 transactions. On Sunday, bitcoin miners authenticated a total of 707,876 transactions during the 24-hour

The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file any post-trial motions,” wrote Bankman-Fried’s attorneys in a letter The post SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal appeared first on Cryptonews .

Extraordinary volume increases were observed in some altcoins on Upbit, South Korea's largest cryptocurrency exchange. Continue Reading: Following Bitcoin’s Rally, South Korea’s Largest Exchange Reports Extraordinary Volume Surges in 5 Altcoins

Bloomberg is optimistic that Bitcoin (BTC) could reach as high as $500,000 considering the rate at which the coin is inching more towards new yearly highs. Bitcoin (BTC) Price Breaks New Barriers The flagship cryptocurrency has made a significant mark in the last few days as its price soared beyond the $42,00 mark. Within the The post Bloomberg Predicts Bitcoin (BTC) Price Rally to $500k appeared first on CoinGape .

Bitcoin flirts with $42,000 as investors reassess resistance levels. New heights for Bitcoin suggest a bullish market trend. The post Bitcoin’s Surging Price: What’s Next for the King of Crypto? appeared first on COINTURK NEWS.