GameStop rallies overnight as Roaring Kitty reveals $180M GME position
Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets.
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Music NFTs will take gaming to new levels
The GameFi industry has surged since 2020, with some estimating a market capitalization of $55.4 billion as of February 2022. While others have much lower estimates closer to $3 billion, one thing is for sure: The industry grew rapidly from zero and is poised for continued growth. What matters, however, is not the day-to-day or…
Mainnet launch and NFT sale lift Aavegotchi (GHST) to a new all-time high
Non-fungible tokens (NFTs) have rapidly become the new hot topic in the cryptocurrency sector, as evidenced by Litecoin creator Charlie Lee comparing the current spike in NFT interest to the ICO mania of 2017. The recent pullback in the cryptocurrency market hit decentralized finance tokens (DeFi) pretty hard but as Bitcoin price recovered the $50,000, DeFi…
Nifty News: OpenSea dominance fades, Azuki skateboards fetch $2.5M and more
Opensea’s dominance begins to waiverNonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states. Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in…
North Carolina House passes bill to commission study on holding Bitcoin
The study would examine the possible impact of holding crypto and how the state would custody a digital currency. A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature.On June 28, the House passed the bill which…
Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. 4394 Total views 4 Total shares MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.The council was formed on May 25 after Saylor brokered…
Heating a home with a Bitcoin miner: Staying warm with sats
Bitcoin (BTC) miners emit a lot of heat. Some miners use that heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber at a Swedish hydropower Bitcoin farm. In Ireland, the “Bitcoin Farmer” joked that he hangs out laundry to dry in front of his Bitcoin miner.S9 #bitcoin beef jerky…
Chainlink Tops DeFi Ranking on CoinMarketCap Amid ‘Baseless Criticism’
Suspicion is mounting as CoinMarketCap defends its listing methodology and denies Chainlink paid for exposure. 763 Total views 13 Total shares Cryptocurrency ranking resource CoinMarketCap is facing a backlash after listing Chainlink (LINK) as the biggest DeFi token by market cap.The website’s new DeFi section lists what executives consider to be the most important altcoins…
Reddit’s New Blockchain Community Points Can Be Controlled ‘Just Like Bitcoin’
One of the largest online networks, Reddit, has announced a new community points system based on the Ethereum blockchain. 1993 Total views 61 Total shares In a bid to create a more user-centric social media platform — “a free frontier” — Reddit has introduced its new community points system built on top of the Ethereum…