Bitcoin News and Finance: What You Need to Know

Four years ago, a mobile game application called “Bitcoin Miner” came out that simulates bitcoin mining but at the time, the game’s development team Fumb Games could not integrate bitcoin rewards. On Thursday, Fumb Games revealed it has partnered with the fintech firm Zebedee and the Bitcoin Miner game now allows players to earn real bitcoin. Crypto Mining Simulation Game Adds Real Bitcoin Rewards The bitcoin mining game for Android and iOS called Bitcoin Miner has recently added real bitcoin ( BTC ) rewards into the game experience. Essentially, Bitcoin Miner is an idle mobile game that reproduces a mock bitcoin mining business. Fumb Games has inked a deal with Zebedee in order to add the real bitcoin rewards into the Bitcoin Miner game. Zebedee is a Hoboken, New Jersey-based company that specializes in integrating bitcoin into games and the firm raised $11.5 million in September 2021 in a funding round led by Lakestar. If a user is playing the game, Zebedee’s blog post publishe...

The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions. Paper Not Guidance for Financial Institutions The FSRA, a regulatory arm of the UAE financial centre ADGM, has issued a discussion paper that seeks the public’s comments on policy considerations for decentralized finance (defi). The release of the document comes as the defi space has seen strong growth both in terms of the number of users as well as the value of such transactions, the FSRA acknowledges in the paper. According to the regulatory arm, the discussion paper will serve “as a starting point for a dialogue on how Defi may be eventually regulated.” The FSRA nevertheless clarified that the paper is not a “guidance” for financial institutions. Instead, the paper contains the r...

The CEO of e-commerce giant Amazon is optimistic about crypto and non-fungible tokens (NFTs). He says that over time crypto will “become bigger” and NFTs will continue to “grow very significantly.” CEO on Amazon Accepting Crypto Payments and Selling NFTs Amazon CEO Andy Jassy talked about cryptocurrency and non-fungible tokens (NFTs) in an interview with CNBC Thursday. Jassy replaced Jeff Bezos as president and CEO of Amazon in July last year. He previously led Amazon Web Services (AWS) since its inception in 2003. Regarding whether Amazon will accept cryptocurrency for payments of products on its platform, the CEO affirmed, “We’re not probably close to adding crypto as a payment mechanism in our retail business.” However, he noted: I do believe over time that you’ll see crypto become bigger. Commenting on whether he owns any cryptocurrency, the Amazon executive disclosed, “I don’t have bitcoin myself.” When asked whether Amazon could one day sell NFTs, Jassy replied, “I think...

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point hikes are for getting elevation before stocks and the consumer tap out.” Michael Burry on Inflation and Fed’s Rate Hikes Famous investor and founder of investment firm Scion Asset Management, Michael Burry, shared his thoughts Thursday on the U.S. economy, inflation, and interest rate hikes. He is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale. Burry tweeted Thursday: The Fed has no intention of fighting inflation. Serial half-point hikes are for getting elevation before stocks and the consumer tap out. “Same with rapid-fire QT [quantitative tightening]. The...

PRESS RELEASE. As the complexity of current dApps (decentralized applications) on Algorand grows, so must the infrastructure, notably oracles, to enable significantly higher and better feature sets. In the Algorand ecosystem, Algoracle’s opinions on off-chain computing are therefore worth discussing in key detail. What is it exactly? Since smart contracts are unable to access external data on their own , all Web 3.0 technology is built on the foundation of the most crucial of blockchain middleware, oracles. The current generation of decentralized oracle networks therefore seeks to connect real-world, off-chain data to blockchains. As the complexity of contemporary dApps grows however, oracles must also mature and expand to accommodate significantly higher and deeper feature sets as aforementioned. The next major frontier in oracle development is indeed off-chain computing, which essentially allows oracles to handle significantly more advanced programming logic as well as data a...

An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge after the Ministry of Culture, Sports and Tourism announced on April 12 that it will adopt an NFT copyright policy. This copyright policy is expected to help South Korea deal with the scourge of fake NFTs as well as to support the metaverse ecosystem. According to a report by Ajunews, Yoon Suk-yeol had during his election campaign promised to “nurture a new concept digital asset market through NFT activation.” In addition, the incoming president had said he would revitalize the token economy once he was elected. Indeed, following the April 12 announcement, South Korea’s government — via the Ministry of Culture, Sp...

Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Russian clients. The restrictive measure comes in response to Russia’s assault on Ukraine, the platform said, noting that customers in other jurisdictions will not be affected. Currency.com Exchange Denounces ‘Terrible War’ in Ukraine, Denies Services to Russian Traders Crypto trading platform Currency.com has announced its decision to halt operations for residents of the Russian Federation over Moscow’s military aggression against neighboring Ukraine. The move comes after, earlier, the Belarus-born exchange stopped opening new accounts for Russian users. 📢 https://t.co/utaDc9wnIa halts operations for residents of the Russian Federation (Russia). Clients from other countries and regions will not be impacted by this decision. Learn more: https://t.co/PxQRpgjsGa pic.twitter.com/uhsQJvgp6O — Currency.com (@CurrencyCom) April 12, 2022 In a statement released by the platform...