Crypto Currency

Crypto: Against All Odds – The First of a New Round of Crypto Games

The following is a sponsored article.    Cryptocurrency has received a sharp increase in interest in recent months. Its position in wider culture tended to be meme’d, left to the enthusiasts to construct and work their bubble of knowledge. However, more and more businesses have begun to take it more seriously, with even PayPal allowing…

The following is a sponsored article.
  
Cryptocurrency has received a sharp increase in interest in recent months. Its position in wider culture tended to be meme’d, left to the enthusiasts to construct and work their bubble of knowledge. However, more and more businesses have begun to take it more seriously, with even PayPal allowing users to manage bitcoins in their e-wallet. The GameStop saga which inspired the Dogecoin rush added to cryptocurrency’s buoyancy, an effect that was magnified when Elon Musk began Tweeting about it.
Soon after that Tesla announced it had invested $1.5 billion in bitcoin, with the company citing its need to diversify holdings. Cryptocurrencies’ – especially Bitcoin’s – prominence continues to grow as its value hits new heights almost weekly. Its representation in culture is changing, as is its use. And now games are cropping up inspired by cryptocurrency, notably a new release called Crypto: Against All Odds.
  
Crypto: Against All Odds

It never usually takes too long before new technology is used in a gaming context. There are those that are no-brainers – the likes of VR, for instance, which is being used in specialised headsets and for next-gen consoles. Cryptocurrency, aside from being used in the context of payment methods, has fewer clear applications for the gaming world.
Crypto: Against All Odds both confronts and avoids that question. It’s a tower defence game stylised and inspired by cryptocurrency. It doesn’t incorporate the blockchain technology which underpins cryptocurrency, nor cryptocurrency itself, but rather takes inspiration from it. The premise is that the player is a blockchain security specialist, who uses crypto defenders (in the form of Bitcoin, Ethereum, and Litecoin among others) to ward off the threats of hackers, bugs, ransomware, and 51% attacks. There is a wider conspiracy narrative in the game, which the player must uncover by completing levels, exploring clues on forums, and talking with non-player characters. Upgrades are available too, so the player is capable of more as the game progresses.
  
Cryptocurrency and Gaming

This isn’t the first time cryptocurrency and gaming have crossed paths. Many online casinos have been accepting the major options (Bitcoin and Ethereum, for example) as valid payment methods for a while now. Gamers have been able to head to online casinos directly and check or use sites like Newcasinos.com which aggregate and compare online casinos under different categories, with “Bitcoin casinos” being one.
Cryptocurrency’s use here offers flexibility (as Bitcoins can be broken down into 100,000,000 satoshis, much more than standard currencies allow), speed (as cryptocurrency transactions are validated faster than traditional methods), and security (as cryptocurrency’s blockchain technology offers pseudonymity and robust security measures).
There are even casinos that are Bitcoin exclusive. All of this goes to show that online casinos have found valid and important use for cryptocurrency.
   
Crypto-based Games

Crypto: Against All Odds isn’t the first game to have cryptocurrency form a fundamental component of the gameplay itself. Prior releases with a cryptocurrency theme have often revolved around trading, either cards (e.g. Skyweaver, which a member of the Crypto: Against All Odds team worked on) or land (e.g. Crypto Crusades). Cryptocurrency lends itself to this kind of gameplay as it holds no intrinsic value, and is therefore only as expensive or cheap as the interest in it is. Its price at the moment, in real life, is soaring because everyone is talking about and investing in it, but at its core it’s volatile; its value can bottom-out in no time at all as soon as people lose confidence. It’s a bubble.
However, there is high-reward. A gaming world’s currency has the chance to rise significantly should it become more and more popular. And those who have invested in virtual land or specific cards, like in Skyweaver or Crypto Crusades, could see a high return. There are examples of virtual real estate being bought up within game worlds and already going for hundreds of thousands of dollars in anticipation.
As cryptocurrency becomes more commonplace, and as the wider public begins to understand and potentially use it, it’s likely that these and other similar niche games will become more popular. In-game value through digital purchases is a standard concept for many mainstream games already. So is this really such a radical departure?Full Article – https://www.vgchartz.com/article/447741/crypto-against-all-odds-the-first-of-a-new-round-of-crypto-games/
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Crypto Currency

What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 […]
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Crypto Currency

Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech

Key Takeaways Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech. Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns. Share this article Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana

Key Takeaways

  • Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech.
  • Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns.

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Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana lower. The total crypto sector fell to $3.8 trillion, down 3.5% on the day.

The price of Bitcoin dropped nearly 3% in the last day to $112,696, marking a return to levels not seen since the beginning of the month, CoinGecko data shows.

Ether dropped more than 4% to $4,100 after flirting with record highs in the past few days. Losses are spread across major altcoins, with XRP down nearly 6%, Dogecoin and Chainlink off over 5%, and Sei and Cardano plunging 8%.

The pullback comes ahead of the Fed’s Jackson Hole symposium on Friday, where Chair Jerome Powell is scheduled to deliver his keynote address. Markets are bracing for whether he signals a September rate cut or doubles down on inflation concerns, especially after US inflation data offered mixed signals in July.

The headline CPI slowed to 2.7% but core inflation edged up to 3.1% and PPI climbed 3.3%. The combination of weakening job growth and persistent price pressures has raised stagflation fears, which could complicate the Fed’s decision-making.

“Higher‑than‑expected PPI numbers (producer prices jumped 0.9% month‑on‑month against a 0.2% forecast) have complicated the Fed’s policy framework, so the market will be looking for hints on the Fed’s thinking ahead of its September policy meeting,” said QCP Capital analysts in a statement. “Last year, Powell used Jackson Hole to telegraph an easing bias; this year, Trump’s tariffs and political pressure create a much more contentious backdrop.”

Traders are still pricing in a 25-basis-point cut at the September 17 FOMC meeting, though odds have eased following hotter-than-expected inflation readings.

Analysts predict Powell will be cautious during his final Jackson Hole speech. The Fed Chair may acknowledge that risks to employment and inflation are balancing, suggesting a cut could be appropriate if trends continue, but he is unlikely to commit to a specific policy action.

Since expectations for a September cut are already priced in, any hint that action might be delayed could feel like a tightening of policy for investors.

However, signals that quantitative tightening may end or that regulatory shifts are coming could boost liquidity and potentially reignite Bitcoin’s rally toward year-end, analysts suggest.

Elsewhere, US stocks also reflected uncertainty at Tuesday’s market close.

The S&P 500 fell nearly 0.6% and the Nasdaq Composite dropped around 1.5%, while the Dow Jones Industrial Average edged up.

Tech and chipmakers led losses, with Nvidia down 3.5%, AMD off 5.4%, and Broadcom lower by 3.6%. Palantir sank 9%, the worst S&P 500 performer, while Tesla, Meta, and Netflix also slipped.

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David Bailey’s Bitcoin treasury KindlyMD acquires $679 million in BTC

Key Takeaways KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings. The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset. Share this article KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate

Key Takeaways

  • KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings.
  • The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset.

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KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate around 5,744 Bitcoin.

With the latest acquisition, KindlyMD’s Bitcoin stash surpasses 5,764 units, equating to over $655 million at current prices of about $113,840. The company used PIPE proceeds for the purchase as part of its strategy to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.

Commenting on KindlyMD’s BTC purchase, the first since it completed its merger with Nakamoto Holdings, CEO Bailey reiterated that his team is doubling down on Bitcoin as a cornerstone asset for the future.

“Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” he added.

KindlyMD now ranks sixteenth among corporate Bitcoin holders, ahead of firms like Semler Scientific and GameStop.

Shares of the company (NAKA) fell 14% at Tuesday’s open as Bitcoin slipped from above $115,800 to $113,846 amid a market-wide pullback.

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Halving Tailwind or Liquidity Trap? Analysts Weigh In on Bitcoin’s Path Ahead

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…
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