Blockchain gamers see playing NFT games as a potential full-time job, says new survey

Despite the fall of nonfungible token (NFT) prices, play-to-earn NFT gaming carries on as more people see it as a potential way to make a living.  In a survey conducted in the Philippines, 32 percent of the respondents said they would quit or consider quitting if NFT games allowed them to go full-time. John Stefanidis, the CEO of NFT gaming platform Balthazar, said that he’s “not surprised by the findings.”  “Many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the…

Ethereum Climbs to $2,800, Why Dips Could Be Attractive

Ethereum rallied above $2,700 against the US Dollar. ETH price is now consolidating near $2,800 and might start a short-term downside correction. Ethereum started a fresh increase above the $2,700 resistance level. The price is now trading above $2,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating above $2,750 and might correct lower in the near term. Ethereum Price Extend Gains Ethereum remained well bid…

Bored Ape NFT holders to receive ApeCoin: ‘The Dogecoin of NFTs’

Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club.  The developer of the new token is the ApeCoin DAO and is notably separate from Yuga Labs. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. — ApeCoin (@apecoin) March 16,…

Democrat division over crypto isn’t all bad news for regulation

The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency. The lack of consensus among Democrats could mean that a progressive regulatory framework for cryptocurrencies could still be a long way off —but also makes it more likely the eventual regulations won’t be too harsh thanks to the work of crypto-friendly representatives. The crypto community is familiar with the names cropping up time and time again in the…

Terra founder plans to obtain $10B BTC for reserves

The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves. Terra is a decentralized blockchain platform that specializes in stablecoin minting. Its Terra USD (UST) is an algorithmic stablecoin pegged to the value of the U.S. dollar, with the USD value partly maintained via an equivalent amount of its native token LUNA. Specific details are sparse at this stage, however Kwon noted via Twitter on March 14…

Bitcoin Price Eyes Another Key Upside Break Above $41.5K

Bitcoin started a fresh increase above the $40,000 resistance against the US Dollar. BTC remains supported and might rally again above the $41,500 resistance. Bitcoin reclaimed the $40,000 level and might continue to rise. The price is trading above $40,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but the bulls might remain active near the $40,000 zone. Bitcoin Price Remains Elevated…

Internet Computer founder’s $250M plan to help end the war in Ukraine

Internet Computer (ICP) and DFINITY founder Dominic Williams has conjured up an oddball plan to speed up the end of the Russian invasion of Ukraine via smart contracts and $250 million worth of crypto rewards. DFINITY’s Internet Computer was launched in May 2021 and is a public blockchain and protocol that’s trying to decentralize the internet. Williams’ March 16 proposal is focused on countering propaganda, and informing the Russian population — who he suggests are in general “completely ignorant” — on the reality of what is actually taking place in…

We Voted on It, and You’re Fired. Welcome to the New World of DAOs

In democracies, Fortune 500 companies, blockchain DAOs, and other large organizations, few stakeholders actually contribute thoughtfully to governance. This isn’t a moral failing; rather, it’s a practical challenge. For example,I own shares in S&P 500 index funds, but I couldn’t possibly track the range of open issues at even a fraction of companies in the funds. Author: Paul Brody Source link

Congress members concerned SEC stifling innovation with crypto scrutiny

In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator’s scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry.  They suggest the SEC is drowning companies in paperwork in contravention of the SEC’s stated aims and mandated jurisdiction. Emmer tweeted to his 51,000 followers: “My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting ‘requests’…

FaZe Clan CEO Lee Trink talks web3 and future of gaming

Photo courtesy of Lee Trink, FaZe Clan As the fields of entertainment and gaming have merged over the past few years, the massive esports and gaming organization FaZe Clan is one of the most well-known names in the biz with more than 12 teams. They have established a die-hard fanbase at the intersection of gaming and youth entertainment, with over 33 million followers on YouTube, Instagram, Twitter, TikTok, and Twitch.  Yesterday at SXSW, Lee Trink, CEO of FaZe Clan, spoke with media reporter Sara Fischer of Axios about how gaming…