Game On: Why GameFi Is the Next Big Thing in ... - cyptoranking.com

2024-05-06

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In an interview with Blockster, COZ CEO Tyler Adams said, “Through this fusion of blockchain and art, we are showcasing Denver as an inclusive haven for those pushing the boundaries of digital expression, firmly positioning the city as a leader in digital innovation.” McLaren Automotive partnered with Mythical for the launch, the gaming company also said. Game On: Why GameFi Is the Next Big Thing in ...According to the analyst, the ongoing war between Israel and Palestine has led to weakness in bond yields and the dollar. However, Van de Poppe thinks a positive figure from the Consumer Price Index (CPI) could provide much-needed help. CPI in the USA will be announced on Thursday at 15:30 Turkey time (UTC+3). 2 QNT crypto slipped below 20, 50, 100 and 200-days daily moving averages.

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A young entrepreneur who made mistakes while running a crypto empire or a liar who stole and used people’s money to enrich himself? In the first hours of Sam “SBF” Bankman-Fried’s six-week trial, that was the tone between his defense counsel and the prosecution.The former FTX CEO is facing a total of seven charges related to fraud and conspiracy to commit fraud. He could spend over 100 years in prison if convicted.At the trial, SBF appeared to be focused on his defense strategy, constantly checking his laptop and attorneys’ paperwork. As his defense counsel delivered an opening statement, he turned his focus toward the 12 jurors who will decide if SBF intentionally misused FTX customer funds or if mistakes were made in good faith.Related: Sam Bankman-Fried FTX trial — 5 things you need to knowTwo witnesses testified on the first day of the trial: Marc Juilliard, a French trader who lost 4 Bitcoin (BTC) worth over $100,000 in November 2022, and Adam Yedidia, a personal friend of SBF and a former employee of Alameda Research and FTX.FTX advertising campaigns, celebrity endorsements and SBF’s tweets are among the evidence being used by prosecutors to prove that SBF lied to customers while defrauding them. According to the defense, however, there’s nothing wrong with hiring Tom Brady for an advertisement and filing for bankruptcy during a market downturn.The third day of the trial begins around 10:00 am Eastern Time in a federal court in lower Manhattan, New York City. It will feature Yedidia’s second appearance in the trial, as well as FTX co-founder Gary Wang, who is a key witness.Cointelegraph is on the ground in New York with the latest updates on the trial. Follow live updates here. IMF’s chief economist Pierre-Olivier Gourinchas said: Want a Crypto Fortune from $500? Forget DogecoinRead more: Moonbeam (GLMR) Review: What Is It And Why It’s Becoming a Big Deal? Critics have long questioned Ethereum’s perceived excessive influence by founders and large token holders. But proponents maintain credible decentralization and contributions far beyond individuals.

Billy Markus responded to Musk's comment, suggesting that the "realness" of cryptocurrency is "transitory." This statement can be interpreted in multiple ways. It could mean that the value and acceptance of cryptocurrencies are evolving, or it might hint at the volatile nature of the crypto market, where assets quickly gain and lose their value. Similarly, 6 years after his departure, Jackson Palmer expressed his feelings about the cryptocurrency community in a Twitter thread in 2021. Palmer shared how he had wholeheartedly left the cryptocurrency community due to conflicts with his politics and belief system. He cited the negativity and exploitation by wealthy individuals, as well as the inherent harm this caused the vulnerable and underprivileged due to limited interventions. Palmer expressed his dissatisfaction with the industry, which has turned into a means of making more money through shallow blockchain integration rather than actually developing the technology. Bitcoin's Privacy Problem-And What Cypherpunks Are Doing to Solve ItTo simplify, a trader borrows money from their broker and funds a crypto trading position. The broker needs small collateral for the loan, which may be as low as 1% of the position size in a 100:1 leverage ratio. Recent sideways Bitcoin price action mirrors past cycles heading into upcoming halvings, according to crypto analyst Miles Deutscher.

Furthermore, Jones cast a grim picture, naming China, Russia, and North Korea under the helm of “sociopaths.” Therefore amplifying the urgency for a financial refuge. Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar.BTC/USD 1-hour chart. Source: TradingViewTrader: Bitcoin behavior at resistance “not the best”Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend.The pair recovered from a snap retest of $27,000 on Oct. 6, thanks to surprise United States employment data which diverged from policy tweaks by the Federal Reserve.Now, the $28,000 resistance formed the main point of interest for market participants going into the new week.In low timeframe (LTF) analysis of exchange order books, popular trader Skew said that major bidding power was still required in order to flip $28,000 to support.“So on LTF we can see clearly the market is still trading $28K as resistance. Going to require a big spot buyer to crack that area imo,” he told X (formerly Twitter) subscribers.“Perps are shorting every LTF bounce into $28K as well.”Bitcoin order book data. Source: Skew/XSkew further described Bitcoin’s reaction to both that level and the 200-day moving average (MA), currently at $28,040, as “not the best kind.”Fellow trader Daan Crypto Trades meanwhile cautioned on going short BTC should a sudden breakout occur, as this might form the start of further upside.“I will say that with BTC sitting around this big $28K level which has the Daily/Weekly 200MA sitting there, I am personally not very keen on shorting any deviations above,” part of an X post stated.“In the past, we’ve often seen a weekend breakout at these kinda spots which tend to not retrace as easily as they otherwise would.”An accompanying chart showed the closing price of last week’s CME Bitcoin futures markets, this apt to form a price “magnet” going into the new week.“Trading around the CME price is best practiced during a ranging & choppy environment,” he added. “We are still in such environment but that would likely change upon a strong break above this region. Hence me not being too eager to short immediately in case we'd see a weekend pump.”BTC/USD annotated chart with CME Bitcoin futures data. Source: Daan Crypto Trades/XAnalyst renews $30,000 BTC price forecastIn the wake of events in Israel, others meanwhile flagged geopolitical instability as a potential BTC price catalyst to come.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesAmong them was Michaël van de Poppe, founder and CEO of trading firm MN Trading.“Now; market perspective it’s going to be a volatile week,” he wrote in part of X analysis. “My idea is that Bitcoin continues the upwards grind & potentially reaches $30K as worldwide uncertainty grows.”Van de Poppe had previously forecast a trip beyond the $30,000 mark in October, traditionally Bitcoin’s strongest calendar month.At just under $28,000, BTC/USD was up 3.5% month-to-date at the time of writing, per data from monitoring resource CoinGlass.BTC/USD monthly returns (screenshot). Source: CoinGlassThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Is there a trade agreement between Malaysia and USA?Oh, I nearly forgot the most revolutionary addition: The models come with USB-C. Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula EEl Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor

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