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Why Coinbase’s Decision Not to Support Gala V2 Token Upgrade is a Big Deal for Crypto Investors

Do you own Gala coins on Coinbase as a cryptocurrency investor? If so, you might want to pay close attention to the latest information about Gala Games\’ planned token upgrade. On May 15, the blockchain gaming startup will send current holders an updated version of its native token, Gala V2, through an airdrop. But there\’s a catch: the biggest cryptocurrency exchange, Coinbase, has said it won\’t accept the upgrade and will stop trading the current token (Gala V1) on May 12.

What does this mean for the people who own Gala? Why is Coinbase being so careful about the coin upgrade? In this blog post, we\’ll get into the details and talk about what they mean for the crypto business as a whole.

Understanding Gala’s Token Upgrade and Coinbase’s Response:

First, let\’s look at what upgrading Gala\’s tokens means. The company says that the new token\’s smart contract will have better burn processes, better security, and the ability to be upgraded in the future. This is an important and necessary step for the cryptocurrency because it will help improve its usefulness and make sure it stays competitive in the ever-changing world of blockchain gaming.

But Coinbase\’s choice not to support the upgrade has stirred up debate in the cryptocurrency community. The exchange says that Gala holders won\’t be able to get the new airdropped token (V2), and it also won\’t be able to help with any token swaps after the shift. Because of this, many owners are upset and don\’t know what will happen to the Gala they own.

So why is Coinbase being so careful about the coin upgrade? The exchange hasn\’t given a clear reason, but Gala Games\’ President of Blockchain, Jason Brink, thinks it could be because the way the tokens were given out was more like a \”airdrop\” than a replacement. No matter what the reason is, it\’s clear that Coinbase\’s decision has big effects on the crypto business as a whole.

The Implications of Coinbase’s Decision for Gala Holders:

For people who own Gala, Coinbase\’s move could have serious consequences. If you already have Gala tokens on Coinbase, you\’ll need to move them to a wallet by May 15 in order to get the new Gala token. If you don\’t do this, you won\’t get the perks of the token upgrade, and after May 15, your Gala V1 tokens won\’t work or be supported anymore. This could be a big problem if you kept your Gala coins in a liquidity pool or a smart contract. In this case, you\’ll need to withdraw your coins to make sure you get the new token. Holders have been told by Gala Games to do this as soon as possible to avoid any problems.

The move by Coinbase will also have a bigger effect, which is also a worry. Since the U.S. Securities and Exchange Commission (SEC) is paying more attention to regulation, many platforms are being careful about issuing tokens. This could make it harder for new businesses like Gala Games to raise money and grow. It could also keep investors from getting involved in the crypto business, which would be a huge setback for the whole ecosystem.

The Wider Impact of Regulatory Challenges on Cryptocurrency Exchanges:

The fact that Coinbase is careful about issuing tokens is just one example of the legal problems that cryptocurrency exchanges face. In the past few years, the SEC has been tough on crypto companies, focusing on initial coin offers (ICOs) and token sales. Because of this, trades are being looked at more closely. The Gala token upgrade is just one of the legal problems that cryptocurrency exchanges like Coinbase have to deal with. Regulatory problems with cryptocurrency exchanges can have a wide range of effects that can be big and affect the whole business.

Regulatory problems can be as simple as having to follow the rules or as complicated as having to deal with licensing and regulatory systems. Regulatory bodies like the U.S. Securities and Exchange Commission (SEC) are paying more attention to cryptocurrency platforms because they are worried about investor safety, money laundering, and other illegal activities. Many cryptocurrency exchanges have taken steps to improve their compliance processes and build ties with regulatory bodies in response to these problems. This includes putting in place Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and applying for licenses and approvals from the government.

But problems with rules and regulations can also be bad for the business. For example, stricter regulations can make companies less likely to come up with new ideas because they have to focus on meeting the rules instead of coming up with new ideas. This can slow down progress and make it harder for new companies to get into the market. Regulatory problems can also cause investors to lose faith because they may think that the regulatory environment is unclear and hard to predict. This can make people less likely to buy and less likely to trade, which can hurt the cryptocurrency market as a whole.

The Future of Crypto World:

To sum up, it\’s clear that Gala Games\’ coin upgrade has caused a bit of a stir in the crypto world. But the bigger picture is that the problems with regulations that bitcoin exchanges like Coinbase face have a big effect on a lot of people. Lack of clarity and rules that don\’t make sense can cause misunderstanding, uncertainty, and stop growth and new ideas from happening. Still, even with all of these problems, the business keeps growing and changing. As it gets older, we can hope for clearer rules and more standards, which will spur more innovation and growth. Until then, companies will have to carefully get around these problems while pushing the limits of what crypto and blockchain technology can do. The crypto business has a bright future, and we can\’t wait to see what comes next!

\"Coinbase’s — Coinbase’s Decision Not to Support Gala V2 Token

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Exploring the World of Crypto Gaming: Benefits, Top Games, and Future Outlook

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Discover the world of crypto gaming in this comprehensive guide. Learn about play-to-earn and NFT games, how to buy and start playing, and how crypto games make money.

Cryptocurrency has revolutionized the way we view financial transactions, and now it\’s changing the face of gaming. Crypto gaming combines the excitement of gaming with the security and transparency of cryptocurrency. It\’s a relatively new concept, but one that is gaining popularity quickly. In this article, we\’ll take a deep dive into the world of crypto gaming, exploring its history, advantages, and potential future. Whether you\’re a seasoned gamer or new to the world of cryptocurrency, read on to discover the benefits, top games, and future outlook of this exciting and innovative industry.

Introduction

Cryptocurrency and blockchain technology have been transforming industries for years, and the gaming industry is no exception. Crypto gaming is the fusion of cryptocurrency and gaming, where players can use digital currencies like Bitcoin, Ethereum, or others to play games and make in-game transactions. This innovative concept is gaining popularity as more gamers seek new ways to play games and earn rewards.

The history of crypto gaming can be traced back to the early 2010s when Bitcoin was first introduced. Since then, numerous games have integrated cryptocurrencies, creating a new genre of gaming that is growing in popularity. Cryptocurrencies offer advantages like decentralization, transparency, and security that traditional currencies can\’t match, making them an ideal fit for gaming.

The importance of crypto gaming in the gaming industry lies in its potential to create a more decentralized and equitable gaming experience. By using cryptocurrencies, game developers can create a fairer and more transparent environment for gamers, reducing the potential for cheating, hacking, or fraud. Additionally, crypto gaming offers new opportunities for players to earn rewards through play-to-earn games and NFTs. As the gaming industry continues to evolve, crypto gaming is poised to be an important part of its future.

What is Crypto Gaming?

Crypto gaming is a new and exciting genre of gaming that uses cryptocurrencies to facilitate in-game transactions. In a crypto game, players can use digital currencies to buy, sell, and trade in-game items like weapons, skins, or other virtual assets. These transactions are facilitated using blockchain technology, which provides an unalterable record of all transactions and ensures a secure and transparent gaming environment.

One of the main advantages of using cryptocurrencies in gaming is the level of decentralization it provides. Cryptocurrencies are not controlled by a central authority or government, which means that no single entity has control over the transactions. This level of decentralization reduces the potential for cheating, hacking, or fraud, which can be a problem in traditional gaming environments.
There are several popular crypto games that are gaining traction in the gaming community. Some of the most popular crypto games include Axie Infinity, The Sandbox, Gods Unchained, and Splinterlands. These games offer players unique gameplay experiences that are not available in traditional games, like the ability to earn real-world rewards through play-to-earn games.

Play-to-Earn Crypto Games

Play-to-earn (P2E) games are a type of crypto game that allows players to earn real-world rewards by playing the game. In a P2E game, players can earn cryptocurrencies or other rewards by completing tasks or achieving certain milestones within the game. This creates a new way for players to earn money while playing their favorite games, which has the potential to change the gaming industry as we know it.

One of the most popular P2E games is Axie Infinity, a blockchain-based game where players can breed, raise, and battle creatures called Axies. Players can earn the game\’s native cryptocurrency, Axie Infinity Shards (AXS), and Non-Fungible Tokens (NFTs) by participating in battles and tournaments. This has created a new market for NFTs, where players can sell and trade their digital assets for real-world currency.

NFT Gaming

NFT gaming is a type of crypto game that uses non-fungible tokens (NFTs) to represent in-game assets like characters, weapons, and other virtual items. NFTs are unique digital assets that are stored on a blockchain, making them unalterable and unique. This creates a new way for players to buy, sell, and trade in-game assets, which can have real-world value.

Some of the most popular NFT games include CryptoKitties, Axie Infinity, and The Sandbox. In these games, players can buy, sell, and trade unique digital assets using cryptocurrencies like Ethereum. The value of these assets is determined by supply and demand, creating a new market for virtual assets.

How to Buy Crypto for Gaming?

To buy cryptocurrencies for gaming, players need to create a digital wallet that can hold their preferred cryptocurrency. There are several popular cryptocurrency exchanges that players can use to buy and sell digital currencies, like Coinbase, Binance, or Kraken.

Once a player has set up their digital wallet and chosen their preferred cryptocurrency, they can buy the cryptocurrency using a credit card, bank transfer, or other payment methods. After the transaction is complete, the cryptocurrency is deposited into the player\’s digital wallet, and they can use it to play crypto games or make in-game transactions.

How to Start Playing Crypto Games?

To start playing crypto games, players need to create a digital wallet that can hold their preferred cryptocurrency. They can then choose a crypto game that they want to play and register for an account. After registering, players can buy, sell, and trade in-game assets using their digital currency.

There are several popular crypto game platforms that players can use to find new games and connect with other players.

One of the most significant benefits of using crypto in gaming is that it provides gamers with greater control over their assets. Unlike traditional games where in-game items and currencies are owned and controlled by the game developer, crypto games are built on blockchain technology, which enables players to own their assets and manage them independently.

Furthermore, the use of crypto in gaming has opened up new opportunities for players to earn money while playing. Play-to-Earn (P2E) games, for instance, allow players to earn cryptocurrencies by participating in the game\’s economy and contributing to its growth.

Play-to-Earn Crypto Games

P2E games are a relatively new concept in the gaming industry that has gained a lot of attention in recent years. In P2E games, players are rewarded with cryptocurrency for completing in-game tasks or contributing to the game\’s economy. This new model of gaming has created a paradigm shift in the gaming industry, where gamers can now earn money while playing their favorite games.

How P2E games work

P2E games work by creating a digital economy within the game, where players can earn, trade, and spend cryptocurrencies. Players are rewarded with cryptocurrency for completing tasks such as completing quests, participating in battles, or contributing to the game\’s economy. The more a player contributes to the game, the more cryptocurrency they can earn.

Benefits of playing P2E games

One of the most significant benefits of playing P2E games is the potential to earn money while playing. P2E games have created a new way for players to monetize their time spent gaming. Additionally, P2E games create a sense of ownership and control over in-game assets, as players can directly manage and trade their cryptocurrency earnings.

NFT Gaming

Non-Fungible Tokens (NFTs) have recently become a popular trend in the world of crypto gaming. NFTs are unique digital assets that are verified on a blockchain, making them impossible to replicate or counterfeit. NFTs have created a new way for game developers to monetize their games and for players to own unique in-game items.

Explanation of NFT gaming

NFT gaming involves the use of NFTs to create unique in-game items that can be owned and traded by players. These items can range from weapons and armor to unique character skins or even entire game assets. The use of NFTs creates a sense of ownership and rarity around these in-game items, as they are unique and verified on a blockchain.

Benefits of NFT gamingOne of the primary benefits of NFT gaming is the creation of unique and rare in-game items. NFTs enable game developers to create a new revenue stream by selling unique in-game items directly to players. Additionally, NFTs give players a sense of ownership and control over their in-game assets.

\"Buying — Buying Crypto for Games – Play-to-Earn

Examples of popular NFT games

Some popular NFT games include Axie Infinity, Decentraland, and The Sandbox. These games use NFTs to create unique in-game assets and economies, enabling players to own and trade their in-game items.

How to Buy Crypto for Gaming

For players looking to get into crypto gaming, the first step is to purchase cryptocurrency. There are many popular cryptocurrency exchanges that players can use to buy and sell cryptocurrencies.

Explanation of how to purchase cryptocurrencies for gaming

To purchase cryptocurrency, players must first set up an account with a cryptocurrency exchange. Once their account is set up, players can then purchase cryptocurrency using a bank transfer or credit card. Once purchased, the cryptocurrency can be transferred to a digital wallet, where it can be used for gaming.

Examples of popular cryptocurrency exchanges

Some popular cryptocurrency exchanges include Coinbase, Binance, and Kraken.

How to Start Playing Crypto Games

Getting started

Non-fungible tokens, or NFTs, have taken the world by storm in recent years, and the gaming industry is no exception. NFT gaming involves the use of these digital assets in games, allowing players to collect, trade, and own unique in-game items.
NFT gaming has revolutionized the way players think about in-game items. Unlike traditional games where items can be easily duplicated, NFTs are unique and have proof of ownership on the blockchain. This means that players can truly own their in-game items and can even sell them for real money.

Some popular NFT games include Axie Infinity, Decentraland, and Gods Unchained. These games have gained massive followings and have even generated millions of dollars in revenue.

Benefits of NFT gaming include increased player engagement and ownership of in-game assets. The use of blockchain technology ensures that items cannot be duplicated or stolen, creating a sense of security for players.

How to Buy Crypto for Gaming

If you\’re interested in getting started with crypto gaming, you\’ll need to purchase some cryptocurrency. Here are some steps to help you get started:

Choose a cryptocurrency exchange – There are many exchanges available to purchase cryptocurrency, including Coinbase, Binance, and Kraken.
Create an account – Once you\’ve chosen an exchange, create an account and verify your identity.

Add funds – You\’ll need to add funds to your account to purchase cryptocurrency. Most exchanges accept bank transfers, credit cards, or debit cards.
Purchase cryptocurrency – Once you\’ve added funds, you can purchase cryptocurrency like Bitcoin, Ethereum, or others.

Transfer to a crypto game platform – After you\’ve purchased your cryptocurrency, you\’ll need to transfer it to a crypto game platform like Axie Infinity or Decentraland.

How to Start Playing Crypto Games

Once you\’ve purchased your cryptocurrency and transferred it to a game platform, you\’re ready to start playing crypto games. Here are some steps to help you get started:

Choose a game – There are many crypto games available, so choose one that interests you and fits your skill level.

create an account – Most crypto game platforms require you to create an account to start playing.

Fund your account – Some games require you to fund your account with cryptocurrency to start playing.

Start playing – Once your account is set up and funded, you can start playing the game and earning cryptocurrency.

Making Money with Crypto Games

One of the biggest draws of crypto games is the ability to earn money while playing. There are several ways to make money with crypto games, including:

Play-to-Earn (P2E) – As mentioned earlier, P2E games allow players to earn cryptocurrency by playing the game. The more you play, the more you can earn.
Trading – Some games allow players to trade in-game items or NFTs for real money. This is a great way to earn money if you have rare or valuable items.
Tournaments and Competitions – Many crypto games offer tournaments and competitions with cash prizes. If you\’re skilled at the game, you could win big.
Investments – Some players invest in cryptocurrency or NFTs with the hopes of making a profit.

Is Crypto Gaming Free?

While some crypto games are free to play, others require players to purchase cryptocurrency or in-game items to get started. Additionally, some games may have in-game purchases or fees to access certain features.
It\’s important to do your research and understand the costs that come with a game before you start. However, many players find that the potential earnings from playing crypto games outweigh the initial cost

NFT Gaming

In recent years, NFT (non-fungible token) gaming has emerged as a popular subset of crypto gaming. NFTs are unique digital assets that are stored on the blockchain and cannot be replicated, making them valuable and collectible. In NFT gaming, these tokens can represent in-game items, characters, and even entire game worlds.

One benefit of NFT gaming is that players have true ownership of their in-game assets, which they can buy, sell, and trade just like physical collectibles. This creates a new level of immersion and investment in the gaming experience.

Popular NFT games include Axie Infinity, a Pokémon-inspired game where players can battle and collect creatures, and The Sandbox, a virtual world where players can build and monetize their creations.

How to Buy Crypto for Gaming?

To start playing crypto games, you will need to purchase some cryptocurrency. There are several popular exchanges where you can buy crypto with fiat currency, such as Coinbase, Binance, and Kraken.

After creating an account on an exchange, you can purchase popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These will help players buy in-game items, participate in play-to-earn games, and trade on crypto game platforms.

How to Start Playing Crypto Games

Once you have purchased some cryptocurrency, you can start playing crypto games. There are several platforms for hosting a variety of crypto games, such as Gala Games, Enjin, and Immutable X.

To being, create an account on a crypto game platform and link your crypto wallet to the platform. You can then browse and choose from a variety of games, purchase in-game items, and start playing.

Making Money with Crypto Games

One of the most exciting aspects of crypto gaming is the ability to make money while playing. Play-to-earn games offer a unique opportunity to earn cryptocurrency by completing in-game tasks or challenges. NFT gaming also allows players to own and sell valuable in-game assets.

Crypto games can also generate revenue for game developers through the sale of in-game items and through transaction fees on their platforms. Some games also use a profit-sharing model where players can earn a portion of the game\’s revenue.

Is Crypto Gaming Free?

While many crypto games offer free-to-play options, some games require an initial investment of cryptocurrency to start playing. In addition, many games offer in-game purchases of items and upgrades that can enhance the gaming experience.

It is important to do research and carefully consider the costs and benefits of each game before investing in cryptocurrency and playing.

Future of Crypto Gaming

The future of crypto gaming is bright, with many experts predicting significant growth in the industry. As blockchain technology becomes more widely adopted, it is likely that more games will incorporate cryptocurrencies and NFTs.

Advancements in virtual reality and augmented reality technology may also lead to new and innovative crypto gaming experiences.

Crypto Gaming Conclusion

Crypto gaming offers a new and exciting way to play games and earn money. With the ability to truly own in-game assets and participate in play-to-earn games, crypto gaming has the potential to revolutionize the gaming industry.

If you are interested in exploring the world of crypto gaming, start by purchasing some cryptocurrency and creating an account on a crypto game platform. With a growing number of games and platforms to choose from, there has never been a better time to get started.

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Crypto Security Concerns

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Crypto Security Concerns and Web3 Antivirus Solution

Security is a serious concern when it comes to the crypto and the Web3 industry. Many have lost billions in crypto hacks, cyberattacks, and scams owing to the decentralized nature of Web3. In a recent interview Alex Dulub, an expert in the blockchain industry, highlights many issues and their potential solutions. Alex Dulub is a member of the Forbes Technology Council and works on the creation of a Web3 antivirus. In this article, we share Dulub’s views on security and his upcoming work on it.

Security, A Paramount Concern in Crypto

According to Dulub, the world of cryptocurrency faces a significant security concern. It exists due to the decentralized and digital nature of these currencies. This loophole leaves them vulnerable to a wide range of cyberattacks. Compounding this issue is the fact that cryptocurrencies are typically held in digital wallets and are easily transferable and stolen without the possibility of recourse, in stark contrast to traditional bank accounts.

Given its complexity, blockchain technology is a bit difficult for non-technical users to comprehend. The intricacies leave them vulnerable to scammers who exploit this knowledge gap. These bad actors may trick users into making critical errors, such as unwittingly executing a malicious smart contract or sharing sensitive information such as a seed phrase or private key.

Digital asset enthusiasts recognize the high significance of scams targeting cryptocurrencies. It continues to evolve and deceive unsuspecting users, resulting in stolen coins and tokens. These scams may take various forms such as phishing, fake websites, copycats, and the implementation of malicious smart contract logic.

Web3 Antivirus an Upcoming Solution

Talking about Web3 antivirus, Dulub shares that the primary motivation behind it is to instill a sense of safety and confidence in users while they browse and carry out transactions in the Web3 ecosystem. We developed this solution in response to the unfortunate loss of tokens experienced by many of our clients and friends, often due to ignorance or carelessness. Although taking precautions to secure private keys is important. Such as employing a Faraday cage or generating seed phrases using a hardwired entropy source. These measures can still be rendered ineffective if an attacker gains control of the user\’s account and liquidates their tokens. With this in mind, Web3 Antivirus aims to help safeguard users against these types of threats, drawing upon our extensive experience to create a solution capable of quickly identifying Web3-specific scams.

Web3 Antivirus Working

It acts as a browser extension and provides real-time protection to users against potential Web3 threats. Its primary function is to act as a safeguard layer, intervening in transactions as they are about to occur. Specifically, the extension temporarily halts the transaction and initiates a simulation, breaking down each interaction into its fundamental components or \”atoms.\” From there, it scrutinizes inputs and outputs, as well as internal logic, while performing statistical analyses of the transaction\’s code.

To evaluate risk, W3 Antivirus leverages a comprehensive crypto-asset data set consisting of hundreds of millions of records. Upon receiving a user request, the mechanism rapidly processes it through this massive data set. This provides a detailed due diligence check. Additionally, this information is presented in an easily comprehensible format, enabling users to quickly take appropriate action.

According to Dulub, Web3 Antivirus takes this a step further by color-coding contracts according to their risk level, which is determined based on the number and severity of potential threats they contain. Specifically, low-risk contracts are designated with the color green, moderate-risk contracts with yellow, and high-risk contracts with red.

Alex Dulub on Blockchain Mass Adoption

As for blockchain, Dulub believes that it is still in its nascent stages of gaining widespread adoption in the technology industry. Nonetheless, I see enormous potential for its success. In the past, only tech enthusiasts were familiar with blockchain technology, but nowadays, it has become a pervasive topic across a diverse range of industries and sectors, spanning from finance to healthcare and government.

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Crypto Still In Limbo

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Crypto Still in Limbo But Investors Stay Confident in 2023

Last April, Fidelity Investments customers got the news that they will have the feature to add the digital commodity to their retirement plans through a first-of-its-kind service. At the time, Bitcoin was trading about $38,000, below 45% of its highest value.

When the company\’s 401(k) plan came to light the following fall, the value of Bitcoin took a steep dive. Prices fall due to the deteriorating financial conditions and the $60 billion collapse of the digital currencies Luna and TerraUSD. Bitcoin saw another bad year as it fell down to $20,000 in November. Meanwhile, the once $32 billion-valued cryptocurrency exchange FTX got a massive hit on the jaw and reached Chapter 11 bankruptcy. It imposed a shadow over the industry as the fallout from its collapse spread like wildfire. The quick demise of the exchange would further undermine investor trust in digital assets, driving Bitcoin\’s price to $15,480, its lowest level in two years.

Several U.S. senators, notably Dick Durbin and Elizabeth Warren, encouraged Fidelity to review its support for Bitcoin. The reason was that the digital assets exposed retirement funds to unjustified risk. “Any investment strategy based on catching lightning in a bottle, or motivated by the fear of missing out, is doomed to fail,” they stated in a letter. “We are already in a retirement security crisis, and it should not be made worse”.

One of many major companies that stands tall till now is Fidelity. It still claims openly that digital assets have a lot of potential. Ironically, given that Bitcoin\’s aim is to eliminate financial brokers and enable people to control their own money, traditional banking titans are gradually adopting cryptocurrencies. Their entry could cause crypto to deviate from its fundamentals and weaken the characteristics that make the sector unique, like asset\’s self-custody and transaction clarity.

Big Companies are Moving into Web3

Big enterprises are entering the market because they have the expertise to provide products that customers would instantly trust, including BlackRock and Fidelity.

BlackRock, the biggest investment manager in the world with $8.6 trillion in assets under administration, and Coinbase signed a collaboration agreement last August. The partnership will allow Aladdin clients to own and exchange digital assets including Bitcoin.

Nasdaq Digital Assets, the cryptocurrency initiative, came to market in September. The platform believes that its new venture would enable a greater level of institutional involvement in digital assets. It will start by providing businesses with a secure way to store cryptocurrency.

We have also BNY Mellon, the oldest bank in America, holding Bitcoin and Ethereum for its customers. Bitcoin and Ethereum are the first and second largest cryptocurrencies by market value right now. BNY Mellon has $1.8 trillion in managed assets and $42.2 trillion in assets under administration as of September 30.

Moreover, we have Wall Street giants Fidelity, Charles Schwab, and Citadel Securities founded EDXM, a crypto exchange. The facility combines cutting-edge technology with best practices from conventional banking, including an emphasis on regulatory compliance and conflict-of-interest mitigation.

These institutions have made it clear to use digital assets as a substitute for stocks/bonds when making investments. The bulk of funds that made investments in cryptocurrencies last year aimed to diversify their portfolios more by using digital assets.

Crypto\’s Inclusion in Investment Portfolio is a Necessity

Some businesses are learning about blockchain technology with the goal of using it as the foundation for future mainstream market operations. In the tokenization process, BlackRock CEO Larry Fink predicts that blockchain will help generate digital assets that replicate securities such as stocks and bonds.

Last year, despite a global market collapse, cryptocurrency remained more appealing than it was before. In a poll conducted by Fidelity of more than 1,000 institutional investors, the results were interesting. It came to light that 51% had a positive opinion of digital assets in 2022 as opposed to 45% in 2021. The significant advantage of digital assets was the major attraction for institutional investors. Majority of the institutional investors are of the opinion that Digital assets do have a concrete role in investment portfolios.

Despite cryptocurrency\’s severe volatile market in the year 2022, financial institutions and banks are happily involving themselves in the market. These institutions are positive and expect to drive higher trading volume. While financial firms trade tokens, retail traders are more likely to purchase and hold cryptocurrencies.

Cryptocurrencies are more transparent than conventional money. Experts have argued that ownership information is maintained on public digital ledgers. Theoretically, this also makes it simpler to follow the flow of cash among market players. However, many financial organizations are reluctant to reveal their plans in advance. Adam Struck, managing partner, and founder of Struck Capital said some people prefer to trade cryptocurrency with businesses like Galaxy Digital or Genesis to mask their tracks.

Despite the crypto winter and FTX collapse, many big names in investment firms and institutions are confident. They believe that crypto will bounce back and is here to stay.

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Crypto Whales Expect Rise in Altcoins

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As the year 2023 starts, financial experts and cryptocurrency advisors are eyeing the bullish behavior of bitcoin and predicting a massive surge that will surely make or break cryptocurrency investors. Bitcoin has already seen a decline, which has led to rumors that the mini-bull run is over. However, bitcoin will follow the bullish run that will result in the rise of other digital assets too.

According to reports, bitcoin is expected to skyrocket and reach a staggering $1.5 million by the end of the decade.

ARS predicts: “Contagion caused by centralized counterparties has elevated Bitcoin’s value propositions: decentralization, audibility, and transparency,”

He further added: “Its network fundamentals have strengthened and its holder base has become more long-term focused.”

ARK Insights on Cryptocurrency

In support of this assumption, ARK cites an increase in hash rate, long-term holder supplies, and identities with non-zero balances when compared to previous recessions.

According to ARK, bitcoin has continued to outperform conventional asset classes due to this stability.

Financial report says: on a five-year CAGR basis, gold is up 2.2%, global stocks are up 6.1%, global debt yields 1.4%, and bitcoin is up an average of 272%.

ARK and its CEO, Cathie Wood, have previously made such audacious forecasts on the rising trend of bitcoin. During a Bloomberg appearance in May 2021, Wood made her first audacious forecast: she said bitcoin will reach $500,000 by 2026. She then increased the wager to $1 million by 2030 in early 2022.

It is essential to remember that \”crypto whales\’\” thoughts and predictions are arbitrary and prone to quick change. We cannot predict with precision any single cryptocurrency impact in the future. Before investing any money in the cryptocurrency market, it is always advised to conduct an in-depth study and financial consultancy.

Cryptocurrency is influenced by various factors among them market demand, governmental regulations, and digital advancements are notorious. Being an extremely volatile market sometimes it follows a reversal approach. So we can say that past performance is not highly indicative of future results.

Crypto Bull Market Run

At the end of 2022, bitcoin made a bullish run and eventually uplifted other cryptocurrencies and digital assets. January 2023 runs bull and bitcoin showed the biggest run of more than $5000 in a single month. The $1 million figure is echoed by various notable market experts and every individual is eyeing an opportunity to make their first step into the crypto market. When it comes to blockchain technology, it surpasses cryptocurrencies and has the potential to impact a wide range of industries. Blockchain technology offers a wide range of investment opportunities, from entertainment to securing intellectual property.

Make a stable investment; Follow the Crypto Whales

We all know risk comes with high-reward opportunities and cryptocurrency and blockchain are surely among them. Cryptocurrency is like one moment up and another moment down. That’s why ample research and analysis are required before making any assumption. In this market, one cannot be successful by just following the footprints of some expert advisor. Cryptocurrency demands time and accuracy more than money.

Cryptocurrencies run on a framework that is not governed by a centralized authority since they are decentralized. They have a high degree of volatility and their value is dictated by market requirements. The possibility for significant profits and improved access to financial services are just a couple of the possible advantages of investing in digital assets.

Remember that dealing in crypto assets is not similar to trading in investment products. It should only make up a small fraction of your overall equity investment. To protect the security of your assets, it\’s also crucial to store them appropriately.

Evaluation of digital investment

To evaluate the coin or assets\’ financial situation, earnings, and development prospects, look at its financial statements.
Look for the connected elements that contribute to market ups and downs by analyzing the market. Take into account elements like market size, competition, and growth possibilities.
Analyze the operation of the blockchain sector and a company\’s holdings of digital assets.
Analyze the investment\’s risks, taking into account any regulatory, financial, and technological ones.
Calculate the probable return on investment, taking into account both immediate and long-term goals.
Evaluate the investment’s fair value on the basis of financial indicators like changes in the digital market, the stability of the dollar, and a cash flow analysis.

Crypto whales are investing in cryptocurrencies like MEMAG, FGHT, and CCHG that fulfill these criteria, indicating their potential to succeed.

MEMAG Mastering Web3 Game

The Meta Masters Guild\’s community-based platform and cutting-edge approach to game production have the potential to transform cryptocurrency. The technology has a strong probability of succeeding since it solicits user feedback, gives users full control of their resources, and creates games with real gamers in mind. Due to a strong online presence, the Meta Masters Guild preorder has exploded in the past weeks. It enjoys a good time with some 24-hour periods catching a revenue of $100,000. Traders or gamers can visit the official website and use any digital wallet to trade MEMAG with ETH or USDT.

Check out for past week\’s news cluster in Super Sunday news.

Play to Earn Games News

Crypto Deals in Web3 Sector

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Web3 and crypto sectors suffered a massive downfall in 2022 with blockchain projects crumbling and investments almost freezing. Raging crypto winter deterred investors and a number of VC deals paused for a moment. Although the crypto winter had its fair share of downturns, it cleared the industry from getting rich quickly kind of investors. The declining figures pushed short-term fast money grabbers out of the market. Moreover, it also opened up the path for sustainable development. As for the investments, surprisingly, the data was the complete opposite in 2022. It shows that VC investors still believe in Web3.

Additionally, Robert Le, a senior analyst at PitchBook, reports that venture capital investors continue to have faith in Web3. In Q3 2022, VCs invested approximately $1.5B into Web3 companies. Although funding has decreased compared to 2021, Web3 remains an attractive area for investors. Moreover, investors and experts view Web3 as having significant potential.

Top 5 Web3 VC Deals in the Spotlight

Mysten Labs ($300M)

Mysten Labs received promising VC funding led by FTX and raised a whopping $300M. Established in 2021, the startup aims to speed up the adoption of Web3. Its plan is to offer infrastructure support through its Sui blockchain. Moreover, the Series B funding round was supported by prominent investors including a16z crypto, Apollo, Binance Labs, Coinbase Ventures, among others. Mysten Labs is working on two projects; Sui blockchain, and Move. Sui is a horizontally scalable, proof-of-stake blockchain with decentralized throughput and storage capabilities. Move is an open-source language with the aim of creating smart contracts.

M2 or Msquared ($150M)

M2’s funding round, led by Andreessen Horowitz and SoftBank Vision Fund 2, raised $150M and was supported by other Web3 and crypto investors. This startup, launched by Improbable, a metaverse technology company, was created with the goal of establishing a network of interoperable metaverses. So, its mission is to enhance metaverse experiences and bring interconnected virtual worlds to reality.

Layer Zero Labs ($135)

A funding round co-led by Sequoia Capital, FTX Ventures, and Andreessen Horowitz raised $135M and was supported by other leading venture capital firms. This Web3 startup aims to bring together decentralized applications across multiple blockchains. Furthermore, it plans to achieve this by unlocking a borderless future in the process, according to Ryan Zarick, the CTO and co-founder. With its omnichain dApps, users can interact with applications existing on multiple blockchains, without even realizing that communication is happening seamlessly through LayerZero.

Magic Eden ($130M)

A Series B funding round co-led by Electric Capital and Greylock Partners raised $130M. Magic Eden\’s NFT marketplace, launched only 1.5 years ago, saw its valuation reach $1.6 billion in June 2022. COO Zhuoxun Yin commented, \”These numbers only further validate the market and industry we\’re in, showing that there\’s strong investor interest in investing in this market.\”

5ire ($100M)

The company received $100M in Series A funding from SRAM & MRAM Group, valued at $1.5 billion. Moreover, 5ire is a Web3 startup, a 5th-generation Layer-1 blockchain network, and the fastest-growing unicorn in India. According to CEO and Founder Pratik Gauri, the company is on a mission to integrate sustainability into blockchain and change the focus from \”for-profit\” to \”for-benefit.