Cryptocurrency

Viewers will discover how blockchain technology empowers indie developers to innovate and overcome industry challenges”Blockchain Gaming – Indie Games On-chain”, a Web3 documentary on indie gaming and the Polkadot ecosystem, officially debuts Saturday, January 11th at 9AM ET. The film offers an in-depth look at the intersection of indie game development and blockchain technology. Directed by award-winning photographer, Pnin the film serves as an accessible exploration of the fast-growing Web3 gaming industry.The documentary provides an introduction to the possibilities of Web3 gaming, delving into the innovation and opportunities it presents for both players and developers. “Blockchain Gaming…” takes a warts-and-all, candid approach to exploring the challenges, skepticism, and negative sentiment surrounding blockchain from traditional gamers, and ultimately shows why blockchain is a natural, productive, and future-proof home for indie game development.Featuring interviews with Polkadot-native game dev teams like Evrloot, Ajuna Network, Dot Play, and Team Step, the film also includes man-on-the-street interviews for a grassroots perspective and the perception of blockchain in traditional game development circles from non-crypto indie developer, Celrage.By spotlighting the challenges indie developers face in traditional gaming and how blockchain addresses them, the documentary aims to onboard curious creators seeking transparent, objective information. With an emphasis on tech and transparency, it offers an opportunity for developers to learn about Polkadot’s ecosystem and its vibrant community.To watch the documentary, users can visit the Kusamarian Youtube channel.About PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.ContactJonathan Duranjonathan@distractive.xyzThis article was originally published on Chainwire More

Finney’s iconic tweet “Running Bitcoin” was highlighted by Bitcoin historian Pete Rizzo, who shared on X, “The 1st Bitcoin tweet, posted when the price was $0, exactly 16 years ago.”Finney was among the earliest Bitcoin users, and on Jan. 12, 2009, he received the first Bitcoin transaction from Satoshi Nakamoto, Bitcoin’s pseudonymous creator.Finney’s first Bitcoin tweet, sent 16 years ago, marked the beginning of a new era, as Bitcoin had no monetary value at the time. Fast forward 16 years, and Bitcoin has become a global financial asset, with an all-time high of $108,268 on Dec. 17, 2024.As reported, Finney predicted that if Bitcoin became the world’s dominant payment system, its value “should be equal to the total value of all the wealth in the world.” Extending this logic, he determined a value of $10 million for the leading cryptocurrency.Bitcoin’s Short-Term Holder (STH) cost-basis model is a crucial indicator for gauging sentiment among new investors. Historically, this model has tracked market lows during bull cycles and distinguished between bull and bear markets.According to Glassnode, the BTC price is presently nearly 7% above the STH cost-basis of $88,135. If the price stabilizes below this level, it may indicate dwindling sentiment among new investors, which is often a turning point in market trends.Meanwhile, the percentage of Bitcoin wealth held by new investors (coins less than three months old) has increased, accounting for 49.6% of network liquidity. This implies that mature investors have meaningfully distributed coins throughout the rally, with new demand offsetting sell-side pressure.This article was originally published on U.Today More

According to podcaster and CEO of Jubilee Royalty Tim Kotzman, a Bitcoin Treasury Shareholder Proposal has been submitted to Meta Platforms Inc (NASDAQ:META)., marking a significant development in the adoption of Bitcoin as a corporate asset.The proposal was filed by Ethan Peck, an employee at The National Center for Public Policy Research, on behalf of his family’s shares. This initiative follows similar proposals submitted by the organization to tech giants like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).The proposal likely advocates for Meta to consider adding Bitcoin to its corporate treasury, aligning with the growing trend of institutional adoption of cryptocurrencies. If successful, this move could further solidify Bitcoin’s role as a mainstream financial asset and a hedge against inflation.The shareholder proposal submitted to Meta presents a compelling argument for the company to explore adding Bitcoin to its corporate treasury.Ethan Peck, in his supporting statement, outlines the challenges of holding large cash reserves and bonds in an inflationary environment, noting that these assets are diminishing shareholder value over time.He emphasizes Bitcoin’s superior long-term performance as an inflation-resistant store of value, citing its 124% increase in 2024 and a staggering 1,265% rise over the past five years, vastly outperforming traditional bonds.Peck also highlights the alignment of Bitcoin adoption with Meta’s innovative ethos, referencing Mark Zuckerberg’s symbolic naming of his goats, “Bitcoin” and “Max,” as well as Meta director Marc Andreessen’s favorable stance on cryptocurrencies.He underscores that major institutional investors, such as BlackRock (NYSE:BLK), advocate modest Bitcoin allocations, arguing that a similar strategy could benefit Meta’s shareholders.Peck draws attention to broader trends in Bitcoin adoption, including the rapid growth of BlackRock’s Bitcoin ETF, corporate treasury strategies like MicroStrategy’s and potential government reserves.The proposal calls on Meta’s board to conduct an evaluation of Bitcoin as a treasury asset, positioning it as an opportunity for Meta to remain a leader in forward-thinking asset management.This approach, he argues, would honor the company’s tradition of setting technological and financial trends, rather than merely following them.This marks the company’s ninth consecutive weekly Bitcoin purchase announcement, bringing its total holdings to an astounding 447,470 BTC, currently valued at $44.3 billion.MicroStrategy has ambitious plans to raise $2 billion through a preferred stock offering, potentially fueling further Bitcoin acquisitions.With a market capitalization of $93 billion, MicroStrategy now ranks as the 99th largest U.S. company, having leapt 16 spots in a single day. It also became the third most traded equity on Monday, following Tesla (NASDAQ:TSLA) and Nvidia (NASDAQ:NVDA).This article was originally published on U.Today More

Davinci named an important Bitcoin metric he used while coming up with his Bitcoin price outlook.The crypto influencer revealed that in past bull markets, Bitcoin has managed to soar more than 5x the BTC mining cost. Therefore, taking into account that currently miners spend $70,000 to mine one BTC, the price of the largest cryptocurrency may skyrocket as high as $350,000 in the future if a bullish scenario described by Jeremie Davinci plays out. “Huge potential ahead!” he stated speaking about the Bitcoin price. At the time of writing this material, Bitcoin is changing hands at $94,420.Back then, Kiyosaki tweeted that he found the news about Bitcoin crashing to be great. The financial guru explained his joy, saying that Bitcoin got on sale and it was now possible to start buying it at a big discount.He also reminded the community that almost 20 million Bitcoins out of 21 million have been mined already, which leaves less than 2 million BTC to be produced by miners. After the April 2024 halving, the Bitcoin block reward constitutes 3.125 BTC. The final Bitcoin, according to Satoshi’s plan, is to be mined in the year 2140.This article was originally published on U.Today More

With two tests and bounces off the $0.00002079 level, SHIB’s price has formed a double-bottom pattern, indicating strong buying interest at this important support zone. Since the 200 EMA closely resembles this level, traders and investors should pay close attention to it. If this pattern plays out well, it may pave the way for a reversal that aims for higher price levels.SHIB might first target resistance at $0.00002294 and then $0.00002314 if the pattern holds. The price may move toward the $0.00002550 region, a crucial level where SHIB could regain momentum if these levels are broken, confirming the reversal.Volume, however, is still comparatively low, indicating that greater market involvement is required to confirm the breakout. The RSI is currently at 43, suggesting that there is still opportunity for growth without going into overbought territory. If support at $0.00002079 is not maintained, the double-bottom pattern may be deemed invalid, which could result in additional declines.SHIB might test lower levels in such a situation, with $0.00002000 serving as the next significant support. A pivotal moment for SHIB is presented by this configuration around the 200 EMA and the double-bottom pattern. In the event that bullish momentum increases, the meme token may recover, giving traders who are expecting a reversal a chance. In the upcoming sessions, it will be crucial to closely monitor important levels and market conditions.Bullish sentiment has been reignited by this bounce, which has moved the price closer to the 100 EMA at $3,265. The next major resistance level is $3,500, and a clear break above this level could pave the way for additional upside. For a long-term recovery, $3,700 is still a crucial level to monitor above that. At 47 right now, the RSI indicates neutral momentum. The recent increase, however, points to a possible move in the direction of bullish territory. Additionally, there has been a slight increase in volume, which lends credence to the notion that buyers are defending important support zones. The reversal comes after a larger market sell-off, in which Ethereum tested pivotal levels after previous sessions’ inability to maintain momentum above $3,700.As it attempts to regain the trust of traders and investors, this recovery is crucial for ETH. ETH may indicate additional decline if it is unable to sustain its upward trajectory and falls below the 200 EMA, with $3,000 serving as the next psychological level of support. By regaining $3,500, on the other hand, bullish sentiment would be strengthened, and Ethereum would be ready to challenge higher levels in the upcoming weeks.The recent action highlights Ethereum’s resilience in the face of market turbulence as its expanding adoption and network foundations continue to draw in long-term investors. For those hoping for a long-term recovery in the larger cryptocurrency market, ETH’s most recent surge is encouraging — even though the road ahead may still be rough.As Bitcoin attempts to recover the $97,500 mark, which currently serves as a short-term resistance, there has been a spike in activity. Bullish confidence could be further increased if this level is successfully breached, as it could lead to a retest of the psychologically significant $100,000 level.With an RSI of 48, Bitcoin is presently in neutral territory, meaning it has room to rise further without reaching overbought conditions. This is consistent with the volume increase that has been seen, which is a crucial indicator of investors increasing their interest. On the downside, the first crucial support to keep an eye on is still $92,000.A retest of the $87,500 region, where the 100 EMA offers more support, may occur if this level is not maintained. If the price breaks below this level, it could indicate a more significant correction that could target $78,124, close to the 200 EMA. Since volume frequently precedes major price movements, the recent spike is encouraging for Bitcoin.This article was originally published on U.Today More

Bitcoin historian Pete Rizzo reignited interest in the iconic prediction in a recent tweet. Sixteen years ago, Hal Finney had forecast a future Bitcoin price of $10 million when the cryptocurrency was still valued at $0.Finney’s prediction dates back to Jan. 10, 2009, a day after Satoshi Nakamoto released version 0.1 of the Bitcoin software and seven days after Bitcoin’s pseudonymous creator mined the genesis block known as block 0.Hal Finney, a computer scientist, is well known for receiving the first Bitcoin transaction and tweeting about Bitcoin on Jan. 11, 2009.Finney is considered to be the leading Satoshi contender, even though he denied it until his passing in 2014. Satoshi Nakamoto’s true identity remains unknown till now.Finney predicted that if Bitcoin became the world’s dominant payment system, its value “should be equal to the total value of all the wealth in the world.” Extending this logic, he arrived at $10 million per Bitcoin.Finney stated: “As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of total worldwide household wealth that I have found range from $100 trillion to $300 trillion. With 20 million coins, that gives each coin a value of about $10 million.”At a current price of $93,726, Bitcoin is far from Finney’s $10 million target, but the prediction continues to inspire long-term faith in the cryptocurrency.This article was originally published on U.Today More

First, Lindner suggested that the German government issue bonds on the blockchain. This involves using blockchain technology to issue government bonds for efficiency and transparency on the bond market. The move would position Germany as a leading nation in that regard.A second option would involve Germany or the EU deciding to hold Bitcoin as a strategic reserve asset. If agreed upon, it would align with the recent interest by governments across the globe to adopt the asset as a store of value and hedge against inflation.Another route, the third option suggested by Lindner, is for Germany to enable Bitcoin exchange-traded funds (ETFs) in the EU. This could provide accessible, regulated and mainstream investment options for both institutional and retail investors.The goal is to encourage greater adoption and liquidity on the cryptocurrency market. Currently, the European market lacks Bitcoin ETF and offers BTC via exchange-traded notes (ETN) or exchange-traded commodities (ETCs).The offloading of that large volume of Bitcoin onto the market hugely impacted the price of Bitcoin, with the asset declining from around $70,000 to $56,000.As of this writing, Bitcoin is exchanging hands for $94,888.47 as it struggles to reclaim the $100,000 mark. Some analysts opine that Bitcoin is currently in the distribution phase, and the price will pick up once it is over.This article was originally published on U.Today More

The post was inspired by the recent news that the 10,000 Bitcoin spent by Laszlo Hanyecz, who bought pizza with BTC in 2010, would have now turned into $1 billion.The post emphasized Dogecoin payment utility which, as they believe, surpasses that of the world’s largest cryptocurrency, Bitcoin.However, now, those 10,000 BTC — if they had not been spent on the pizzas — would have cost $1 billion and perhaps would still have been owned by Hanyecz.Dogecoin’s post says that one can also buy a pizza with DOGE without having to worry that the meme coins one had spent would one day surge to $1 billion in fiat. They stressed that, perhaps unlike Bitcoin, Dogecoin is “a currency designed for everyday transactions, not grownup’s fairy-tales.” Dogecoin exists “for regular people,” the X post stressed.That canvas was used during a speech by Senator Joni Ernst (IA) of the Republican Party. She spoke about the harsh necessity of cutting down extensive government spending and praising D.O.G.E — the Department of Government Efficiency spearheaded by billionaire entrepreneurs Elon Musk and Vivek Ramaswamy.“Doge is inevitable,” the Senator proclaimed during her speech. On the canvas, Doge is overtaking Washington, D.C. She urged other politicians to join D.O.G.E. and support it.Billy Markus commented on that, saying that he was very much amused to see “this doge meme IN THE SENATE.”This article was originally published on U.Today More