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Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode
Cointelegraph.com News - 12 August 2022, 11:51 am
The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token. Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced…Read More
S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
Cointelegraph.com News - 12 August 2022, 11:43 am
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors. Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year.The agency confirmed the downgrade in a note on…Read More
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says
Bitcoin News - 12 August 2022, 11:30 am
High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian Securities Regulator Pushes for…Read More
New Crypto Exchange Platform Bitflex Launches Futures Trading Competition with $15,000 Prize Pool
Bitcoin News - 12 August 2022, 11:00 am
PRESS RELEASE. Seychelles, August 2022 – Bitflex Ltd., a secure crypto trading exchange currently specializing in crypto derivatives, has announced the launch of a new trading competition with a prize pool of $15,000. From August 5 to September 9, new and existing users on the Bitflex platform can participate in the event for a chance…Read More