Earnings

Daily Earnings of Typical Axie Infinity Player ‘Fall Below the Philippines’ Minimum Wage Line:’ Report

This year, the Sky Mavis-crafted blockchain game Axie Infinity has seen incredible growth and has recently surpassed $3 billion in all-time sales. However, researchers at Naavik explain in a recent study that Axie Infinity players called ‘scholars’ are seeing daily earnings drop, and many have seen earnings dip below the minimum wage line of countries like the Philippines. Naavik Researchers Take a Deep Dive Into Axie Infinity — ‘Scholar’ Earnings Have Been Dropping Since August The Ethereum-based blockchain game Axie Infinity is one of the most popular video games hosted

🔴 A Major Bitcoin Upgrade Activated | This Week in Crypto – Nov 15, 2021

 Apple’s CEO reveals he owns crypto, Twitter establishes a crypto department and bitcoin gets a major upgrade. These stories and more this week in crypto. The value of the total crypto market topped above $3 trillion this week with Bitcoin reaching $69000 and Ethereum going over the $4800 mark. Prices rose after the US Bureau of Labor Statistics released its October inflation figures which reflected the steepest monthly rise in 30 years, and investors are looking to cryptocurrencies as a hedge against inflation. Tim Cook—the CEO of Apple—revealed that

Dorsey Sticking to Bitcoin, No New Cryptocurrencies Planned for Cash App

Square CEO and fintech investor maintains a firm and bullish position on Bitcoin, as revealed in a Q3 earnings call for Cash App. Sponsored Sponsored Moreover, the billionaire entrepreneur said that Cash App has no future plans to accept any other cryptocurrencies at this point. “Our focus is on helping Bitcoin become the native currency of the internet…we have a number of initiatives towards that goal,” Dorsey said.  Bitcoin ‘resilience, fundamentals, and principles’ This comes in the midst of bullish market trends for BTC. After a new all-time high of over

Gaming Giant Ubisoft Mentions Blockchain in Recent Earnings Report

Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key points of focus for the future of the brand. The company said it is exploring blockchain as an innovative technology to be included in games in its latest earnings report. While blockchain’s play-to-earn trend has experienced a boom this year, the traditional gaming industry still has yet to embrace blockchain as part of a flagship product. Ubisoft to Explore Blockchain for Future Products Ubisoft, the gaming giant known for mega-successful franchises like

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

What is OP Games?

OP Games is a gaming platform designed to help players access HTML5 games, join tournament competitions, and purchase OP NFTs.  Blockchain technology is currently making waves of innovations in various industries, taking the center of power away from big corporations and finally handing it over to the people. And the gaming industry would not be spared from this transition as blockchain is already on its way to land its territory through Web 3.0 gaming.  Table of Contents Background  Chase Freo OP Games is a Philippines-based gaming platform founded by CEO

Greenheart Token Closes Four Consecutive Pools

The Greenheart CBD Staking Program opened on June 7, 2021 and closed swiftly after reaching its target. To the same high demand, two more pools opened soon after and also closed early. Sponsored Sponsored The fourth pool closed recently—signifying a total of four (4) successfully closed pools for the first-ever CBD DeFi token on the blockchain network—the Greenheart CBD Token. Greenheart CBD Limited is innovating to improve the CBD (cannabidiol) production process through DeFi Blockchain and AI (Artificial Intelligence). Sponsored Sponsored After the close of three of its four staking

Cryptocurrency-Trading Hamster Outperforms Bitcoin, S&P 500 Since June

A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff. Crypto-Trading Hamster Performs Better Than S&P 500, Bitcoin A cryptocurrency-trading hamster that streams trading signals through Twitch has been on a roll since June, outperforming fellow human

Key Takeaways: House Bill 7425 on Taxing Digital Services in the Philippines

Share some Bitpinas love:By Shiela BertilloThe House of Representatives on Tuesday evening approved a bill that would impose a 12% value-added tax (VAT) on digital service providers in the country.House Bill No. 7425 was approved with a voting of 167-6 with one abstention on the third and final reading; the bill is meant to amend sections of the National Internal Revenue Code of 1997 and parallel the level between traditional and digital businesses.The proposed VAT shall also cover electronic or digital sale of services such as online advertisements and provision