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Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. […]

Introducing right-click trading: Place limit and stop orders directly from price charts

Xbox Boss Phil Spencer Skeptical About Metaverse, Criticizes Play-to-Earn Models

Xbox Boss Phil Spencer Skeptical About Metaverse, Criticizes Play-to-Earn ModelsPhil Spencer, head of the Xbox brand, believes that the metaverse has been with us since 30 years ago, when digital gaming was largely introduced. However, Spencer criticized play-to-earn (P2E) models, stating that they create a workforce out of a kind of gamer who needs to monetize the time spent playing. Xbox Boss Phil Spencer […]

Introducing right-click trading: Place limit and stop orders directly from price charts

Sega Might Drop NFT Experiments if Perceived by Gamers as a Money Grab

Sega Might Drop NFT Experiments if Perceived by Gamers as a Money GrabSega, a leading videogame development company, has announced its new stance when it comes to the play-to-earn model and the inclusion of NFTs in its games. In the latest management meeting of the company, which happened on December 24th, Sega CEO Haruki Satomi stated that the company may drop its current experiments in the NFT […]

Introducing right-click trading: Place limit and stop orders directly from price charts

Bakkt shares skyrocket after partnering with Mastercard and Fiserv

Bakkt’s share price surged by 120% during Monday’s trading session on the heels of fresh partnerships with global payments firms.

The share price of the Intercontinental Exchange-backed crypto services company Bakkt ($BKKT) has surged as it unveiled two partnerships with major global payments firms.

On Monday 25 Oct., Mastercard announced it would be working with digital asset platform Bakkt to allow its customers based in the United States to buy, sell and hold digital assets through custodial wallets. On the same day, global payment provider Fiserv also announced a strategic collaboration with Bakkt to offer merchant-facing digital asset services.

The news drove a bullish day of trading for BKKT, with the stock rallying by more than 50% outside of regular trading hours from Friday Oct. 22’s closing price of $9.15, before surging a further 120% to close out Monday Oct. 25 at $30.60.

While Bakkt’s debut on the New York Stock Exchange saw its share price pull back by 6% to close out its first day of trading, BKKT has since rallied more than 236% from $9.09 to $30.60 over the past five days.

'BKKT/USD: TradingView'

Bakkt went public on Oct. 18 through a Special Purpose Acquisition Company deal that valued the company at $2.1 billion. Bakkt’s market capitalization currently sits at more than $4 billion.

Related: Mastercard plans to allow US partners to offer crypto loyalty rewards

In August 2018, Coinbase investor and New York Stock Exchange owner Intercontinental Exchange announced it would launch a digital asset platform dubbed Bakkt.

The following year, Bakkt launched its highly anticipated physically "deliverable" Bitcoin futures contracts for institutional investors.

After initially claiming to pioneer physically-delivered Bitcoin futures contracts, the firm received criticism over their cash settled product design. In response, Bakkt fully collateralized its daily futures contracts.

The firm launched a retail crypto asset payments app in April of this year, while its futures contracts posted record volume earlier this month.

Introducing right-click trading: Place limit and stop orders directly from price charts

Basketball Players in Canada to Be Paid in Bitcoin

Basketball Players in Canada to Be Paid in BitcoinCEBL, the Canadian men’s basketball league, will offer its professional basketball players the option to receive a portion of their salary in cryptocurrency. The new payment option has been enabled through a partnership with the Canadian cryptocurrency exchange Bitbuy. Bitbuy to Convert Canadian Dollar Salaries Into Bitcoin The Canadian Elite Basketball League (CEBL) announced the […]

Introducing right-click trading: Place limit and stop orders directly from price charts

Porsche Enters NFT Market Launching Trading Card Platform Fanzone

Porsche Enters NFT Market Launching Trading Card Platform FanzonePorsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products. Porsche […]

Introducing right-click trading: Place limit and stop orders directly from price charts