The Philippines

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

Cryptoday 058 – Paano Kumita Gamit ang Katana Dex ng Axie Infinity (Part 2)

Share some Bitpinas love:Isang linggo na ang nakakaraan simula ng lumabas ang Katana, ang decentralized exchange ng Sky Mavis. Ngayon ay mayroon na akong sapat na impormasyon upang makapagbigay ng mga praktikal na payo. Narito ang TLDR; Hindi natin maaaring husgahan ang maaaring kitain sa Katana base lamang sa trading fees. Kapag ginawa natin ito, mag-mimistulang mas mababa ang kita dito kumpara sa AXS staking. Ang tanging paraan upang masuri ito ay ang pag estima ng halaga sa hinaharap ng $RON rewards. At lubos na magiging teknikal ang usaping ito!This

Ex-PBA Import Renaldo Balkman Launches PH-inspired NFT Series

Share some Bitpinas love:By Nath CajudayFormer Philippine Basketball Association (PBA) import Renaldo Balkman introduced earlier this month his own Balkmania Worldwide NFT Collection, a series of non-fungible token (NFT) that includes Philippine-inspired items – his gaming experience in the Philippines.Balkman, who played in National Basketball Association (NBA) for six years under Denver Nuggets and New York Knicks, released 46 NFTs for sale, 11 of which are Philippine-inspired, all of which were made by digital designer Steve Cupart, and are currently available on selling on NFT marketplaces SolSea and OpenSea.The most

Yolo-Powered Arsenal Innovation Lab Launches Hunt for Tech Startups with £250,000 Prize Pool

Press Release: Arsenal Innovation Lab is offering a £250,000 Investment and prize pool to hunt for new tech start-ups, with application ending on December 10, 2021   21st October 2021, Tallinn, Estonia — Tech startups focused on fan experience can now apply to the Arsenal Innovation Lab powered by Yolo Group. Arsenal Innovation Lab will create new opportunities for Arsenal fans around the world as it searches for a cohort of inventive startups with solutions on the following themes: Bringing Fans Closer to the Club Arsenal Innovation Lab makes it

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

IOV Labs Prepares to Aid Cryptocurrency Adoption in Asia

Share some Bitpinas love:By Shiela BertilloIOV Labs, a Bitcoin merge-mined smart contracts platform, is arranging the adoption of cryptocurrency worldwide, starting from the emerging markets in Asia such as Vietnam and the Philippines. Through IOV Labs’ RSK, a bitcoin sidechain notable for how it has revamped the way users swap bitcoin for RBTC, and its new Powpeg system user transaction would be easier as the proof of transaction is automatically generated and vetted by a special hardware security module. And once these modules receive the proof, they distribute the RBTC to

Axie Infinity Maker Reminds Players to Pay Taxes

Axie Infinity, the gigantically popular play-to-earn game in the style of Pokemon, is helping gamers supplement their incomes and even make a living. Now the maker of the game and regulators are reminding users internet money will not free them from the tax man.  That seems to be the message behind a tweet from Sky Mavis, the company that makes the Axie universe, in which it wrote, “Sky Mavis encourages Axie community members to abide by the laws of their home countries.”The comment was posted shortly after a report in the

Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Before Bitcoin was a movement, it was a digital currency. While the store-of-value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment into a tool for Bitcoin adoption. In years past, thousands of merchants have participated in Bitcoin Black Friday, offering special discounts for those willing to pay in BTC. P2P marketplaces have