First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend

📆 7/5/2023 4:58 AM
📰 CoinDesk

⏱ Reading Time:
42 sec. here
2 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

As the U.S. has been off for an extended long weekend, markets were soft as Asia began its Wednesday trading day. Bitcoin was down 1.1% to $30,807, while ether was down 0.8% to $1,939. TheSamReynolds writes

The GameFi industry is working hard to rid itself of the perception that it’s a cesspool of Ponzi schemes.

“The narrative around GameFi as a Ponzi is an American narrative. If you go to Asia or the Middle East, you wouldn’t hear any of that,” Siu said in response to a question from YouTuber A.Cole. “That’s due to a misunderstanding of what GameFi really is.” Siu continued by arguing that GameFi isn’t about creating financial value, but rather opening up the finances of games to transparency.

But he’s being incredibly dismissive about the real problem GameFi has with Ponzis – which others have recognized as something holding the industry back.outlining its investment theses, Vader Research, a Web3 gaming market research shop, argued that the current wave of web3 games are not designed for fun-seeking traditional gamers but are “designed for ponzi-return seeking crypto degens and gold farmer scholars.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Asia: Bitcoin Maintains $30K as Prospective Issuers Refile ETF ApplicationsPLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
Source: CoinDesk - 🏆 291. / 63 Read more »

First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin RefilingBitcoin began Tuesday's Asia business day at $31,153 as the world’s largest digital asset rallied on Monday after prospective spot BTC ETF issuers re-filed their applications. ALSO: The first half of 2023 has been good for majors. By TheSamReynolds
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin, Ethereum Technical Analysis: ETH Nears $2,000, Ahead of US Independence Day – Market Updates Bitcoin NewsEthereum moved closer to $2,000 on Monday, as markets prepared for a short, but busy week of U.S. economic data.
Source: BTCTN - 🏆 531. / 51 Read more »