Bitcoin News and Finance: What You Need to Know

A crypto winter has come. With BitCoin ( BTC ) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and its AXS coin) have seen prices tumble; without an endless flow of new money, only those with sustainable business models will survive.   Against the Current: Karmaverse Zombie In this kind of bear market, GameFi faces unprecedented headwinds and negative sentiment, but there are also new projects full of opportunities. However, Yield Guild Games SEA (YGG SEA) has moved thousands of players from Axie Infinity to Karmaverse Zombie, with other leading guilds including Path DAO, Ola GG, and Avacado also showing their confidence in the future of the project by establishing themselves and investing their time and effort. Investment Backing for Stability Karmav...

Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) consensus algorithm, and with The Merge coming up, speculators assume Ethash PoW miners will transition to ethereum classic mining. During the last two weeks, ethereum classic has climbed more than 124% against the U.S. dollar, and the network’s hashrate has spiked a great deal as well. Ethereum Classic Catches Triple-Digit Gains During the Last Two Weeks Ethereum classic (ETC) is six years old this month and it’s seen some significant gains during the last 14 days. In fact, ever since the penciled-in date for The Merge was revealed, ETC has risen in value alongside its counterpart ethereum (ETH) . While ETH has seen a significant double-digit ​​45.7% gain in ...

Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event. The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been fighting a legal battle with the securities regulator. During the interview, Garlinghouse was asked what would happen if he does not get a ruling in his favor and XRP is deemed a security. The Ripple executive quickly emphasized that in that situation, XRP would only be considered a securit...

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset Management, Michael Burry, briefly commented on the U.S. Securities and Exchange Commission (SEC) investigating crypto exchange Coinbase Tuesday. 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. Commenting on a Bloomberg article titled “Coinbase Faces SEC Probe on Crypto Listings,” Burry tweeted: Pretty sure the SEC does not have the resources or the IQ points to do this correctly. ...

PRESS RELEASE. Pocket Network , a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the incentive structure for nodes participating in Pocket Network’s protocol. Pocket’s protocol is serving approximately 1 billion RPC requests every day , and is on course towards a goal of supporting 100 blockchains before year-end. At the same time, as Pocket Network has seen explosive growth in the number of active nodes on the network (all the way up to almost 50,000 nodes in May of this year), infrastructure costs of the protocol have risen as well. Thanks to some of the highest levels of engagement out of any past proposals in the Pocket DAO, voters and commenters took on this economic challenge on two separate fronts: b...

Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the country. The capital Moscow is among the popular mining destinations alongside the places offering the cheapest power. Cost of Electricity, Logistics Determine Russian Miners’ Choice of Location for Crypto Farms Russia has everything necessary to become a leader in the crypto mining industry, including low-cost electricity, surplus generating capacity, and well-developed energy infrastructure in many of its regions. That’s one of the conclusions in a study conducted by Intelion Data Systems, an importer of mining equipment, quoted by RBC Crypto. The company’s researchers say that interest in setting up new data centers for digital currency extraction has increased across the vast country. The primary task for businesses is to choose the right location for their facilities, crucial for the effectiveness of ...

PRESS RELEASE. XRPayNet has been making major progress in the DeFi space this year. Their recent launch of a versatile mobile application has allowed users to trade with freedom. The app tautes the flexibility to trade with 90,000 trading pairs available for use. This vast expansion of technology and availability has been a widely positive first impression from its customers. XRPayNet makes major strides towards the goal of converting crypto payments made to businesses that use existing processing systems to give the business their payment back in their conventional currency. With another new exchange listing in the pipeline this week on Bitmart and their flashy new crypto cards coming out later this year that will allow consumers to spend any crypto in stores globally, XRPayNet is redefining the future of financial transactions. They are making the Crypto to Fiat payment process seamless and furthering global adoption as less than fifty thousand businesses accept crypto out of 250 ...

Cryptocurrency investors are perceived to be more attractive, smarter, and wealthier than non-investors, the latest survey by Cryptovantage has found. Just over three-quarters of respondents said they are likely to go on a date with someone if their dating app profile mentions crypto. However, some 69% of crypto investors surveyed admitted that they had a relationship end because they invested in a cryptocurrency. Crypto Investors Perceived More Favorably Than Non-Investors A new survey seeking to determine if investing in cryptocurrency makes one attractive has found that crypto investors are “seen as more attractive, smarter, and wealthier than non-investors.” According to the survey findings in which 1,002 Americans were interviewed, 50% of the female respondents perceive crypto investors to be more attractive than non-investors. About 46% of the respondents perceive crypto investors to be more desirable while 42% think they are smarter. Some 34% perceive crypto investors to be ...

The University of Tokyo will offer a series of engineering courses using metaverse tech. The courses, which are projected to start being offered later this year, will introduce students to the subjects of engineering and will combine this knowledge with the skills to handle metaverse-based worlds, to manage the digital transformation that work and educational environments are undergoing. University of Tokyo to Introduce Metaverse-Based Courses Later This Year Educational institutions are starting to recognize the power of metaverse platforms as tools to leverage in educational and instructional processes. The University of Tokyo, one of the most prestigious higher education institutions in Japan, has recently announced a plan for imparting metaverse-based engineering courses. While these courses in the metaverse won’t confer degrees, they will be set up by the engineering faculty of the university and will have two goals. The first is to introduce high school students to the possi...