99 Bitcoins

GameFi. Today, we’ll discuss the intersection of decentralized finance (DeFi) and gaming—aka GameFi. GameFi, short for “game finance,” is the title for blockchain-based video games where players can earn in-game assets (crypto, game tokens, NFTs, etc.). This model, called “play-to-earn,” or P2E, lets gamers make money while playing. P2E isn’t the only GameFi format, however. There’s also move-to-earn, where users interact with the StepN app by walking to earn crypto for the number of steps they rack up. For the more adventurous, there’s even a sex-to-earn game =) On a more serious note, meanwhile, many GameFi games require some sort of initial payment or deposit. Always remember to DYOR and that investing carries inherent risks. 🪙 99Bitcoins

🆕Google adds blue check mark to official email addresses. Phishing is a fraudulent technique that hackers use to steal your information and data. This is done by impersonating a company and trying to mimic the email address. To reduce the problem of email fraud, Google (via its Gmail service) launched the Verified feature to confirm official email addresses from unofficial ones. 🪙 99Bitcoins

OpenAI to restructure amid staff changes OpenAI CTO Mira Murati has announced (that she is leaving the company - after more than six years with the company, she said she intends to focus on her own research. The AI startup also saw the departure of two specialists - Chief Scientist Bob McGrew and Vice President of Research Barrett Zoph. Amid the personnel reshuffle, OpenAI will be restructured into a for-profit company, with Sam Altman taking an equity stake. 🪙 99Bitcoins

What do you want to learn next? We need your help to publish more interesting content! Let us know in the comments what topic you want us to cover in more detail. The questions with the most likes will get a dedicated post! 🪙 99Bitcoins

🪙 The last strong resistance for BTC is at the $66,300 level, which is the focus of a group of short-term holders holding the coins for 3-6 months. CryptoQuant analysts are confident that after that, the way to test ATN will be open. Meanwhile, bitcoin broke through $66 thousand. 🪙 99Bitcoins

BTC at $500k 🔼 PlanB expects BTC at ~$500k in the period 2024-2028. 🛍 Based on his stats, his forecast error could be around 30% in either direction. PlanB and Kiyosaki are sitting on a short wire with each other 😁 🪙 99Bitcoins

Metaverses. Metaverses are a contentious topic because, as it stands, there is no single metaverse platform that we can call “the Metaverse.” A metaverse is a digital space comprising digital environments, such as virtual reality, augmented reality, and other immersive technologies. Metaverses are like a virtual reality game where you have an avatar, walk around, interact with other users, and immerse yourself in a new world. They take these game-like environments one step further by hosting events, such as concerts and business meet-ups, while users can buy and own land in the space and earn digital assets that they can sell later. Meanwhile, decentralized blockchain technology and cryptocurrencies keep these spaces running, ensuring secure transactions. As we mentioned above, there is no singular metaverse—just a bunch of “games with metaverse elements” to them. The metaverse space is one of the more nebulous aspects of blockchain and crypto, and predicting what direction it will take in the future is too difficult to tell. Your guess is as good as ours! 🪙 99Bitcoins

👀The court upheldthe SEC and recognized cryptocurrency mining devices as “securities.” 🪙 99Bitcoins

JUST IN: 🇺🇸 BlackRock and Fidelity have increased their 💰 #Bitcoin ETF holdings to a combined total of 536,738 $BTC❗️ 🪙 99Bitcoins

ICOs. Although the fad has come and gone, initial coin offerings, or ICOs, were a craze in the crypto industry. ICOs are the crypto equivalent of initial public offerings (IPOs), a way for crypto projects to raise capital by selling tokens to supporters before listing on exchanges. Project teams need money to sustain development, so they release coins to investors at a steep discount. What happens next is anyone’s guess🙂 If the business plan is sound and the dev team makes the right decisions, the issued token’s value may rise, with investors rejoicing over their gains from the ICO. However, the opposite can also occur. If the project fails to deliver on its promises, its token’s value may tumble sharply, leaving investors with junk coins. ICOs greatly resemble IPOs (offering company shares on the stock market), with one of the main differences being that ICOs are considered riskier investments. What complicates things even further is that IPOs are obliged to follow strict rules and regulations, only some of which affect ICOs—for the time being. 🪙 99Bitcoins

In South Korea, officers used military passwords as collateral to buy cryptocurrencies - media outlet In March 2024, a top military officer was accused of violating the Military Secrets Protection Act for handing over secret military passwords as collateral to obtain loan funds to buy cryptocurrencies. A similar incident occurred in Chuncheon, where banks refused to grant loans to military personnel, after which the defendants in the case offered the passwords as collateral. After receiving the borrowed funds, the soldiers apparently used them to buy tokens on cryptocurrency exchanges. 🪙 99Bitcoins

Media: personal data of 12.8 million Binance users went for sale on a darknet forum in a database leak in August 2024. Hackers from Greavys reportedly stole email addresses, phone numbers and residence information. Binance support said, that no leak occurred. 🪙 99Bitcoins

What is volatility? In the context of crypto, “volatility” describes the ebbs and flows of cryptocurrency prices. High volatility is a hallmark of the crypto market, whereas traditional stock exchanges are relatively stabler. The following has a profound impact on volatility: — Market sentiment — Liquidity — Speculation — Regulation — News. However, myriad other unpredictable factors may also impact volatility🙂 Therefore, investors of all levels should take into account influencing factors that could sway the markets to reduce risks. 🪙 99Bitcoins

👀U.S. banks' unrealized losses are seven times higher than they were during the 2008 financial crisis. 🪙 99Bitcoins

JUST IN: 🇧🇹 Firstpost America reports that the Kingdom of Bhutan has “nearly a third of its GDP” in 💰 Bitcoin "Bhutan has become the 4th largest government holder of Bitcoin" 🪙 99Bitcoins

What does “market capitalization” mean? A “market capitalization” is an indicator of the general value of a cryptocurrency. To calculate it, multiply the price of one coin by its total number of coins in circulation (however, CoinMarketCap and CoinGecko do this for you already). For example, if the price for one coin is $100 and there are 1 million coins in circulation, its market capitalization, or “market cap,” will be $100 million. A coin’s market cap is a data point that gets a lot of attention from investors because it shows how much the market values a specific coin. The higher the market cap, the more valuable the coin is. Although there’s always tons of chatter surrounding the market caps of various cryptocurrencies, it’s by no means the only data indicator of a coin’s health. 🪙 99Bitcoins

#Xiaomi will introduce foldable smartphones with its new device Xiaomi MIX Flip until next year. 🪙 99Bitcoins

Harris beats Trump on Polymarket On the crypto-betting platform Polymarket, Kamala Harris has once again outperformedDonald Trump. The chances of the latter to return to the presidency are 47%, the probability of victory Harris - 52%. The volume of bets on the event has almost reached $1 billion. In August, Harris collected $189 million in donations for her campaign, which is almost 4 times more than Trump's $44 million. It's worth noting, Trump has said he will not run again if he loses this presidential race. 🪙 99Bitcoins

Bitcoin mining consumes more energy than some entire countries. This issue is unavoidable, but we have to face it head-on: PoW blockchains—especially Bitcoin—consume enormous amounts of energy and may be harmful to the environment. In 2021, Bitcoin used more electricity than in Kazakhstan and the Philippines. Bitcoin’s energy consumption accounts for 0.5%–1% of the world’s total energy use. Thankfully, few blockchain networks operate via a PoW consensus algorithm, meaning most networks use PoS, which we’ll tell you about in another post. 🪙 99Bitcoins

SEC approves BlackRock's application to trade options for a spot bitcoin-ETF The U.S. Securities and Exchange Commission (SEC) has approved a joint application by BlackRock and the Nasdaq exchange to launch options trading for spot bitcoin-ETF shares. The agency authorized trading and listing of this product for iShares Bitcoin Trust under the ticker IBIT. 🪙 99Bitcoins