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Blockchain gaming, which previously took the crypto and non-fungible token communities by storm, is back on hype and is considered a hot new frontier in online gaming. In recent weeks, the NFT games market has seen notable institutions and global asset managers shift their focus back and reconsider web3 gaming as a viable investment destination. VanEck is the latest firm to bet big in this web3 gaming sector, with investment in Gunzilla Games. VanEck Invests In NFT Gaming Startup Gunzilla In an October 31 blog post, VanEck confirmed through its spokesperson Mattmaximo that they have invested in Gunzilla Games and their ambitious new project, Off the Grid (OTG). The recent investment in Gunzilla Games has brought VanEck’s investment in the Web3-enabled gaming space to two under its liquid token strategy. Liquid Token Strategy refers to staking assets in liquid form, allowing users to engage in various economic activities while earning staking rewards. Excited to announce our 2n...

Nexo, a leading digital asset institution, has announced a major rebrand, transitioning from a crypto lender to an all-encompassing digital asset wealth platform, as revealed to Finbold on Wednesday, October 31.  The rebrand coincides with the Bitcoin Whitepaper Day and shows Nexo’s commitment to empowering investors with the sophisticated tools necessary to build, safeguard, and leverage digital wealth. The Nexo rebrand After 20 months of extensive research and involving 5,000 users in almost two dozen countries, Nexo is evolving its platform to accommodate the needs of sophisticated crypto investors.  Picks for you Bitcoin set to make the highest monthly close ever 58 mins ago Pudgy Penguins and Mythical Games reveal  Pudgy ...

A crypto strategist who accurately called the Bitcoin (BTC) correction earlier this year thinks a decentralized finance (DeFi) altcoin is getting ready to erupt. Pseudonymous analyst Rekt Capital tells his 508,200 followers on the social media platform X that the native asset of the yield tokenization protocol Pendle (PENDLE) looks poised to start a new uptrend. The analyst shares a chart suggesting that PENDLE has successfully retested the neckline of an inverse head and shoulders pattern on the weekly chart, indicating that the altcoin is in a position to move higher. “Technically, PENDLE has performed a good weekly close above the $4.48 (blue) level Two weeks ago, PENDLE broke blue as resistance. Last week, PENDLE successfully retested it as support. This week, PENDLE needs to continue holding here to lift-off.”  Source: Rekt/X An inverse head and shoulders pattern is a bullish reversal structure suggesting that demand for an asset is on the ri...

New PolitiFi meme coin FreeDum Fighters ($DUM) has raised over $350,000 in its ICO. As early voting is underway in the U.S., with over 50 million ballots cast ahead of Election Day on November 5, the intensity of the presidential race is ramping up as candidates make their final appeals. Polls indicate a tight contest, with Kamala Harris holding a slight lead in an ABC poll. However, the crypto landscape tells a different story, as bettors on Polymarket favor Donald Trump, aligning with the sentiment expressed by FreeDum Fighters’ early contributors. The key question remains: will the crypto community’s influence be strong enough to sway the election results? The answer hinges on amplifying that voice. FreeDum Fighters invites the politically engaged crypto audience to scream their votes by staking their tokens on MAGATRON or Kamacop 9000. Staking requires the project’s native token, $DUM, currently priced at $0.00006 during its ...

Bitcoin (BTC) has officially eclipsed its previous all-time high in price, surpassing $73,800 on Tuesday afternoon. The king cryptocurrency has climbed 4% in the last 24 hours, and over 10% in the past 30 days. Bitcoin’s market cap now stands at $1.44 trillion as well, with trading activity in the last 24 hours breaching $57 billion, up by over 68%. JUST IN: $73,000 #Bitcoin pic.twitter.com/jitPeLysDB — Watcher.Guru (@WatcherGuru) October 29, 2024 BTC’s latest upward momentum could be due to investors bracing themselves for MicroStrategy’s quarterly earnings . The company’s stock hit an all-time high closing price of $313 on Monday and trades for around $255.34. Microstrategy is one of the most bullish entities in Bitcoin (BTC). The company owns 252,220 as of September 20, 2024. Furthermore, MicroStrategy’s Bitcoin investment now sits at a $8,400,000,000 unrealized profit. MicroStrategy’s Bitcoin accumulation strategy has been huge for its success this year. However, ...

Bitcoin (BTC) has finally flipped the $70,000 resistance into a support zone, and most market participants anticipate that the momentum will likely target $100,000. Amid this anticipation, a cryptocurrency analyst has shared insights on what Bitcoin’s technical setup means for the possibility of claiming the $100,000 spot.  While Bitcoin clinching the $70,000 spot is a highly bullish move, it needs confirmation to establish a stable uptrend likely to push the price to $100,000, according to an Alan Santana Analysis published on TradingView on October 29.  Picks for you Bitcoin price prediction for U.S. election 2024: Finance experts' forecast 37 mins ago Xandeum confirms the October 29 XAND token launch and xandSOL liquid ...

Investment manager VanEck, one of the bullish institutional investors in Bitcoin (BTC), believes the maiden cryptocurrency is on track to surpass the $1 million valuation in the coming years. Specifically, the firm’s Head of Digital Assets Research, Matthew Sigel, projects that VanEck’s model will have Bitcoin trading at $3 million by 2025 when the digital currency will transition into a global reserve asset held by central banks, he said during an interview with CNBC’s Squawk Box on October 28. According to Sigel, this projection hinges on Bitcoin achieving a modest 2% allocation within global reserves. He emphasized that this scenario might sound extreme but is based on a realistic 16% compound annual growth rate over a few decades. Picks for you Bitcoin is ‘under Vampire attacks’ warns crypto analyst ...

Billionaire Paul Tudor Jones is bullish on gold and Bitcoin The hedge fund manager told CNBC that commodities are under-owned Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote. The billionaire hedge fund manager shared his investment strategy during an interview with CNBC’s Andrew Ross Sorkin on October 22. Jones, the founder and chief investment officer of Tudor Investment, told Sorkin that his trading strategy is long gold and long Bitcoin. "I'm long gold, I'm long bitcoin, I think commodities are so ridiculously under-owned so I'm long commodities," says @ptj_official. "I probably have some basket of gold, bitcoin, commodities and Nasdaq, something like that. And I own zero fixed income." pic.twitter.com/i152rZFlbs — Squawk Box (@SquawkCNBC) October 22, 2024 Bitcoin, gold According to t...

Economist Alex Krüger is putting traders on notice in regards to Ethereum, saying that one of ETH‘s biggest rivals has already reached escape velocity and will likely continue to outperform. In a post on the social media platform X, Krüger tells his 184,000 followers that “it’s about time to stop betting on ETH the asset,” given its underwhelming performance over the last several years. “Even in the event of a Trump win. When an asset is supposed to go up and it does the opposite, that’s the market telling you something. There are better crypto assets to bet on. Don’t be stubborn.” Krüger says he was planning to leverage long ETH and Solana (SOL) on the night of the US election if it looked like pro-crypto presidential candidate Donald Trump was coming ahead. But now, the trader says he’s “scratched ETH off” in favor of SOL and other opportunities. He notes that the recent memecoin frenzy on Solan...

Microsoft shareholders face a critical decision on a Bitcoin investment plan this December. The board opposes the proposal of the National Center for Public Policy Research (NCPPR). The group says Bitcoin works well against inflation. JUST IN: Per an SEC filing, Microsoft will have a proposed board resolution for an "Assessment of Investing in Bitcoin". The board is recommending that shareholders vote AGAINST the proposal. pic.twitter.com/0WveygitH9 — TFTC (@TFTC21) October 24, 2024 They suggest companies put at least 1% of their assets into cryptocurrency. Major corporations like Microsoft are now showing more interest in using Bitcoin to spread their investments, and the vote comes as more companies seek new ways to protect their assets. Also Read: SEC Can’t Stop It: Ripple CEO Predicts Inevitable XRP ETF Approval Exploring the Potential Impact of Microsoft’s Shareholders Voting on Bitcoin Investment The Proposal’s Foundation NCPPR points to Bitcoin’s strong pe...

The MAGA price has plunged 35% in a week even after climbing 5% in the last 24 hours to trade at $3.31 as of 03:22 a.m. EST on trading volume that plunged 27% to $9.9 million. This comes as prominent US elections analyst Nate Silver says that his “gut” tells him Republican candidate Donald Trump will win the presidential election against Kamala Harris next month. MAGA Price Bulls Looking For A Likely Bullish Trend Reversal The MAGA price has been in a bullish rally in October, as the bulls took charge of the price around $2.82 to drive TRUMP through a rising channel pattern, according to data from GeckoTerminal . The bulls, however, encountered some resistance around $5.5, which pushed the price to a correction within a falling channel pattern. This recent downtrend led the price of MAGA to trade below both the 50-day and 200-day Simple Moving Averages (SMAs). However, the MAGA price has touched the upper boundary of the falling channel, which is an indication that the...

Michael Saylor has backed away from his anti-self-custody stance amid fierce crypto community pushback. After first calling self-custody supporters “paranoid crypto-anarchists” and pushing for big bank custody of Bitcoin, Saylor faced direct criticism from major crypto figures. His comments about trusting “too big to fail” banks with BTC sparked immediate outrage. I support self-custody for those willing & able, the right to self-custody for all, and freedom to choose the form of custody & custodian for individuals & institutions globally. #Bitcoin benefits from all forms of investment by all types of entities, and should welcome everyone. — Michael Saylor️ (@saylor) October 23, 2024 Also Read: Gold Enters Overbought Territory: Should You Sell & Rebuy the Asset? Understanding the Crypto Community’s Response to Michael Saylor’s Self-Custody Support Swift Community Reaction “The recent comments attacking self-custody demonstrate a regressi...

Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade will be discussed in the three-day summit. Also Read: BRICS De-Dollarization Begins: 40 Countries To Attend 2024 Summit The Western world is closely watching the BRICS 2024 summit as the new policies could affect their trade and global dominance. This could put them in an uncomfortable situation as the decision to alter global finances is no longer in their hands. Developing countries are in the driver’s seat pushing the West in the rear seat on decision-making. Also Read: Russia Discusses BRICS Currency Before 2024 Summit BRICS 2024 Summit Gets Reaction From Former Western Leaders Source: csis.org / Martin Bertrand / Adobe Stock T...