GameFi could be the answer to unemployment for some — Aussie game studio

Australian-based Web3 game studio Ninja Syndicate’s CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games. Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that traditional jobs are increasingly at risk through factors such as automation. According to the game developers, blockchain games can and are playing a vital role for people to earn a living in the digital world through play-to-earn (P2E) and move-to-earn. The process often requires significant work, but Dunmow says many mainstream…

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Bitcoin Price Breaking This Confluence Resistance Could Spark Strong Surge

Bitcoin price is showing positive signs above $20,000 against the US Dollar. BTC could start a strong surge if it clears the $20,500 resistance. Bitcoin is gaining pace above the $19,800 and $20,000 resistance levels. The price is trading above $20,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $20,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above the $20,500 resistance. Bitcoin Price…

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Web3 gaming still a long way from mainstream adoption: Survey

A new survey commissioned by blockchain entertainment provider Coda Labs suggests that despite the huge amount of money being poured into Web3 gaming, traditional gamers are still yet to warm up to crypto or NFTs and have little interest in Web3 games.  According to the survey, gamers pointed to practical barriers as their main reason for shying away from Web3 games, with gamers often not knowing how they might work and lacking a blockchain wallet. The survey found that only 12% of non-crypto gamers have tried Web3 games, while just…

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Taliban had a ‘massive chilling effect’ on Afghan crypto market: Report

The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report. Blockchain analytics firm Chainalysis in an Oct. 5 report stated the Middle East and North Africa (MENA) region saw the largest crypto market growth in 2022 but noted that Afghani crypto dealers had three options: “flee the country, cease operations, or risk arrest.” The report states after the Taliban seized power in August 2021, crypto value received in August and September that year spiked to…

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XRP Continues Positive Moves, Added Over 11% In A Week

Ripple (XRP) has been steadily climbing, adding over 12.50% in the past seven days. This is despite its ongoing case with the SEC coupled with the overall bearish market sentiments.  The bulls have managed to keep the XRP token flying high above $0.48 and are edging to break through its $0.50 resistance. XRP experienced a rocky start last week Wednesday, falling below its $0.44 floor price. However, the coin quickly gained momentum the next day, adding over 13% gains before the end of the trading day. Related Reading: Low Volatility…

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NEAR Protocol partners with Google Cloud to support Web3 devs

NEAR Foundation has announced a new partnership between Google Cloud and NEAR Protocol, providing infrastructure to NEAR’s Web3 startup platform, Pagoda.  According to an Oct. 4 announcement, this partnership will allow Google Cloud to provide “technical support” to NEAR grant recipients by providing infrastructure for NEAR’s Remote Procedure Call (RPC) node provider to Pagoda. Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. It uses sharding technology to achieve scalability and, as a competitor to Ethereum, is also smart-contract capable and a proof-of-stake…

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Near Protocol Collapses Despite Rounded Bottom, Is $6 Possible?

NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times.  NEAR price trades in a range as the price looks set for a retest of key support areas. The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe.  Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether…

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Opensea to allow users to submit bulk NFT listings and purchases

OpenSea, the digital marketplace for crypto collectibles and nonfungible tokens (NFTs), announced in a series of tweets on Oct. 5 that the platform will officially allow its users to bulk list and bulk purchase up to 30 digital collectible items in a single flow.  We’re officially live with bulk listing and buying! You can now list and buy up to 30 items in a single flow on OpenSea.Let’s walk through what this experience looks like in this — OpenSea (@opensea) October 5, 2022 In the case of bulk buying, the…

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US lawmakers request Justice Dept share CBDC assessment

Republican members of the House Financial Services Committee have requested the Department of Justice provide its assessment and legislative proposals around a digital dollar within ten days. In an Oct. 5 letter addressed to U.S. Attorney General Merrick Garland, 11 Republican lawmakers asked the Justice Department for a copy of its “assessment of whether legislative changes would be necessary to issue a CBDC,” as required by President Joe Biden’s executive order on digital assets from March. The House members claimed the “appropriate place for the discussion” on legislation concerning a…

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Three Arrows Capital’s NFTs collection to be liquidated

Teneo, the liquidation firm in charge of the Three Arrows Capital (3AC) bankruptcy process, confirmed in a statement to Cointelegraph on Oct. 5 that it has custody of the NFTs moved from the addresses related to Starry Night Capital, a fund launched by the co-founders of the now-bankrupt hedge fund.  According to the firm, the collection move was part of the liquidators’ duty of identifying assets and maximizing recoveries on behalf of all creditors. A report from Bloomberg estimated that the Starry Night Capital collection’s total value sits at around $35 million.…

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