Will this ultimately prove to be a significant step for mainstream adoption, or a publicity stunt? SBI esports, a subsidiary of Japanese financial services conglomerate SBI Group, announced that its esports players would receive salaries in Ripple (XRP) going forward as part of a sponsorship deal with venture capital firm, VC Trade.According to the official announcement, player salaries will be paid via crypto instead of fiat in order to strengthen the company’s presence among esports players who also use digital currencies.SBI esports, which is a long-time Ripple partner, said that this sponsorship deal is a way to diversify its portfolio within the blockchain industry.Their goal is to “create and nurture a healthy market based on customer-centricity, improve prices, and expand liquidity.” As of press time, XRP holds a market capitalization of $10,827,898,158, making it the fourth largest crypto in the category of market cap, according to CoinMarketCap.Back in 2019, Ripple’s developer ecosystem, Project Xpring, and the game-centric blockchain platform, Forte, jointly established a $100 million fund to support game developers.
Mac Ocampo, head of growth at blockchain entertainment studio Virtually Human Studio, previously lamented to Cointelegraph that “not all gamers are crypto traders, and not all crypto traders are gamers” — something he felt was a major challenge faced by the gaming industry.Share this: Bitcoin’s Correlations With Global Financial Assets Soar Amid Coronavirus Crisis Many investors hold Bitcoin (BTC) as a hedge against the global financial system.
However, as the numbers show, Bitcoin has not been spared from the recent COVID-19 financial crisis.This article will analyze the movement of global financial markets and its correlation with Bitcoin during the COVID-19 crisis.
We’ll consider the following sources as price measures… How the Crypto World Is Preparing for Quantum Computing, Explained 1200px”},{“size”:”md”,”label”:”Medium devices”,”breakpoint”:”> 992px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”> 768px”},{“size”:”xs”,”label”:”Smartphones”,”breakpoint”:”> 480px”},{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:”< 480px"}],"position":1,"status":true},"twitter":{"url":"https://twitter.com/intent/tweet?text=%TEXT%”,”icon”:”twitter”,”title”:”Twitter”,”position”:2,”status”:true,”sizesAllowed”:[{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:” 480px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”> 768px”},{“size”:”md”,”label”:”Medium devices”,”breakpoint”:”> 992px”},{“size”:”lg”,”label”:”Large devices”,”breakpoint”:”> 1200px”}]},”telegram”:{“url”:”https://t.me/share/url?url=%URL%&text=%TEXT%”,”icon”:”telegram”,”title”:”Telegram”,”position”:3,”status”:true,”sizesAllowed”:[{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:” 480px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”> 768px”},{“size”:”md”,”label”:”Medium devices”,”breakpoint”:”> 992px”},{“size”:”lg”,”label”:”Large devices”,”breakpoint”:”> 1200px”}]},”pocket”:{“url”:”https://getpocket.com/save?url=%URL%”,”icon”:”pocket”,”title”:”Pocket”,”position”:4,”status”:true,”sizesAllowed”:[{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:” 480px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”> 768px”},{“size”:”md”,”label”:”Medium devices”,”breakpoint”:”> 992px”},{“size”:”lg”,”label”:”Large devices”,”breakpoint”:”> 1200px”}]},”linkedin”:{“url”:”https://www.linkedin.com/shareArticle?mini=true&url=%URL%&title=%TITLE%”,”icon”:”linked-in”,”title”:”LinkedIn”,”position”:5,”status”:true,”sizesAllowed”:[{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:” 480px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”> 768px”},{“size”:”md”,”label”:”Medium devices”,”breakpoint”:”> 992px”},{“size”:”lg”,”label”:”Large devices”,”breakpoint”:”> 1200px”}]},”copy”:{“url”:”%URL%”,”icon”:”copy”,”position”:7,”title”:”Copy Link”,”sizesAllowed”:[{“size”:”xxs”,”label”:”Extra small devices”,”breakpoint”:” 480px”},{“size”:”sm”,”label”:”Small tablets”,”breakpoint”:”>… Miners on Decentralised Storage Network Compete For 4 Million Token Prize It’s a different kind of Space Race.667 Total views 10 Total shares Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch.As promised, Filecoin will start its testnet launching competition.It encourages global miners for the next three weeks to be competing… Reasons Why US Government Won’t Ban Libra Cryptocurrency Things are heating up for Libra: This week’s United States congressional hearings showed that many politicians are not convinced by the safety aspects of Facebook’s cryptocurrency project, as they grilled the social media giant on privacy- and trust-related issues.
In response, Facebook keeps stressing Libra’s compliance with regulators and readiness to discuss possible frameworks.Meanwhile, a… Report: Bitcoin ‘Potential Breakout’ at $7.2K but Watch VIX Volatility A delicate balance for Bitcoin price could still resolve in any case, says Delphi Digital as markets navigate a unique environment pre-halving.1835 Total views 23 Total shares Bitcoin (BTC) is flipping its 50-day moving average (MA) to support and eyeing $7,200 for a “potential breakout,” a new report has concluded.Published on April 22, Delphi… Bitcoin Is Already at 40% of Average Fiat Currency Lifespan — 10 Years Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value.Average fiat dies in 27 yearsAs Bitcoin statistician and commentator Willy Woo noted on Oct.
18, the largest cryptocurrency has been around 40% as long as the average… Chinese Police Find Secret Bitcoin Mining Operation in Suspected Tombs Chinese law enforcement discovered an illegal Bitcoin mining operation in what appeared to be multiple underground burial sites.783 Total views 21 Total shares Chinese law enforcement discovered a Bitcoin (BTC) mining operation in what appeared to be multiple underground burial sites.Local English-language news outlet Beijing News reported on May 31 that law enforcement found… Bitcoin Price Spikes on Fed Rate Cut But Hits $8.9K Sell-Wall The price of Bitcoin (BTC) made a severe drop in the past week, similar to the heavy dropdown of the equity markets.However, equity markets have been showing strength this week with a strong relief bounce and today’s announcement from the United States Fed of a 50 bps rate cut.Not only are equity markets showing… Pangea Blockchain Fund Debuts With $22 Million Round Supported by Roger Ver Pangea Blockchain Fund has debuted its blockchain fund, securing $22 million with key investors including Bitcoin.com CEO Roger Ver, according to a press release on Feb.27.Switzerland-based Pangea Blockchain Fund is targeting the development of transformative blockchain-driven solutions and expects the total fundraising to be capped at $200 million.The recent seed round was also participated… Leave a Reply You must be logged in to post a comment.
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