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StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos
Boston, MA, 26th July, 2022, Chainwire [embedded content] StarCard Sports Games (SCSG), the creator of New World Football Alliance, a play-to-earn football (soccer) video game marrying blockchain with social impact and environmental initiatives, announced today the launch of their Legends platform. This is a series of real-world and in-game partnerships between SCSG and some of the most iconic names in football history, including Ashley Cole and Roberto Carlos. These partnerships will be reflected in StarCard Sports Games’ new title, “New World Football Alliance,” as well as through the creation of NFTs and the curation of real-world events around the globe. SCSG is the first-of-its-kind social impact play-to-earn (P2E) gaming platform, bridging the digital divide between real-life athlete...
Experts clash on where virtual reality sits in the Metaverse
Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts. There isn’t much that can rival the experience of having one’s senses almost immersed in a virtual world — which is why many believe that the technology will have a natural fit for the Metaverse. It’s a technology that Mark Zuckerberg’s Meta is betting big on by introducing Meta accounts that it says will allow users to access its Meta Horizons platform more easily through Oculus VR headsets. Founder and CEO of metaverse platform CEEK Mary Spio is also one waving the VR metaverse flag. In an interview with Cointelgraph, Spio argues that the true power of a Metaverse cannot be realized unless users are totally immersed through ...
Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation. While many hoped that the pair could exit its recent trading range and continue higher, the weight of the Fed is clearly visible as the week gets underway, adding pressure to an already fragile risk asset scene. That fragility is also showing in Bitcoin’s network fundamentals as miner strain becomes real and the true cost of mining through the bear market shows. At the same time, there are encouraging signs from some on-chain metrics, with long-term investors still re...
The best bear market plan? ‘Relentless optimism for the future,’ says fintech CEO
While many crypto veterans give out a wide range of bear market advice and strategies, some opt for a more straightforward approach—optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, the CEO of Paystand, a business-to-business (B2B) payments fintech. Almond told Cointelegraph that the best way to plan during the crypto winter for companies is having what he calls a “brutal understanding of the facts” and “relentless optimism for the future.” He explained that: “As a company, you always want to be resilient in case of hard times but also optimistic about the world we are creating.” The CEO expressed that companies get to be the ones to implement the vision. Because of that, Almond said that they need to be prepared, saying that the best co...
Thai SEC launches digital hotline for Zipmex users
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors. Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on Zipmex. The regulator officially announced on July 25 that Zipmex customers can submit information via an online forum on the Thai SEC’s official website. The SEC has received a number of complaints from people affected by Zipmex after the crypto exchange temporarily suspended withdrawals of the Thai baht and digital assets on Wednesday, the regulator said. “In the past, the SEC issued a letter requesting the company [Zipmex] to provide an efficient sy...
NFT utility to remedy ticketing dilemmas? Experts weigh in
The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing. Counterfeit tickets played a massive role in the chaotic scenes that played out in the French capital in June 2022, as fans broke into the stadium precinct while authorities rebuffed many. French authorities estimated that 35,000 people had arrived at France’s national stadium with fake tickets or none at all, in addition to the 75,000 fans that had legitimate tickets for the grand final. Black market ticket sales and touting have been part and parcel of the sporting and events world for decades, but ...
Tether, Bitfinex, Hypercore collab to launch encrypted P2P apps
Staying true to the “bear market is for building” motto, crypto exchange Bitfinex along with Tether (USDT) and Hypercore announced the launch of a fully encrypted platform, Holepunch, for building peer-to-peer applications. As part of the initiative, the trio launched Keet, an encrypted application capable of facilitating real-time audio and video calls, text chat and file sharing. Partners aim to bestow control over data while breaking technology monopolies with Holepunch, according to the announcement. Tether and Bitfinex funded the development of the Holepunch platform. Paolo Ardoino, the chief technology officer of Tether and Bitfinex, will lead the new initiative as the chief strategy officer. Speaking on behalf of Tether and Bitfinex, Ardoino highlighted the need to address the growi...
When worlds collide: Joining Web3 and crypto from Web2
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm. This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world. Is the blockchain tech business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering a new project’s potential to build a new L1 blockchain as promised — and, thus, deliver your token rewards. The risk-reward metrics mean there are opportunities for great success. But with great success comes great tax problems… Taking the leap from Web2 to Web3 is not for the fainthearted. “The first thing I see is that everyone in the space has an innovativ...
Bitcoin drops below $21.8K realized price as FOMC spooks markets
Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight. The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything could still change. No guarantee any support holds after Wednesday’s #FED announcement, but for now #FireCharts shows a ladder of #Bitcoin bids around these next technical support levels. https://t.co/Ng2R...
3AC: A $10B hedge fund gone bust with founders on the run
Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis brought upon by an unchecked decision-making process. To put it concisely, the hedge fund made a series of large directional trades in Grayscale Bitcoin Trust (GBTC), Luna Classic (LUNC) and Staked Ether (stETH) and borrowed funds from over 20 large institutions. The May crypto crash led to a series of spiral investment collapse for the hedge fund. The firm went bust and the loan defaults have led to mass contagion in crypto. The first hint...
Big Time Studios announces OPEN LOOT Platform & Gaming Fund
Grand Cayman, Cayman Islands, 27th July, 2022, Chainwire Following the success of launching the flagship title ‘Big Time’ into Early Access and generating NFT sales in excess of 100 million dollars, BIG TIME Studios Ltd. (BTS) announced the OPEN LOOT (OL) Platform. OL enables developers to launch web3 games and distribute their NFTs through the OPEN LOOT Marketplace. Its Vault technology enables an extremely easy-to-use experience for receiving and managing blockchain-based digital assets, allowing players to trade and sell to one another in a very natural way. With no gas fees and instant transaction settlement, OL creates the best possible experience for players like no other. “We believe that we can bring the success we realized with Big Time to our partner studios, and have them join t...
KuCoin CEO Johnny Lyu launches ‘Anti-FUD Fund’
The CEO of crypto exchange KuCoin says it is launching an “Anti-FUD Fund” to track down and potentially take legal action against “FUDers” and educate crypto users on identifying misinformation. Johnny Lyu, CEO of the exchange, announced the fund in a Tuesday Twitter thread, coming only days after publishing a blog post criticizing Twitter user Otteroooo for spreading misinformation about his firm. (1/5) FUD benefits no one except the FUDers. It misleads investors and harms the industry’s image and market confidence. To build a crypto space with less FUD, #KuCoin is going to launch an Anti-FUD Fund. Currently, the fund will mainly focus on… thread pic.twitter.com/dWA93nEmHz — Johnny_KuCoin (@lyu_johnny) July 26, 2022 Lyu said the Anti-FUD fund will cover three elements, the fir...
