Blockchain
Polker Fans Delighted as PKR Staking Gets Extended, Meanwhile Polker Team Returns from Los Angeles-Based NFT Event
Tallinn, Estonia–(Newsfile Corp. – April 5, 2022) – As part of the next phase of their roll out, Polker has announced that they will be adding 1,000 more participants to the early access. Polker previously gave an early access edition of their game to 500 people. Users were excited to get a sneak peak at the game before the launch roll out began.
Polker Staking Gets Extended
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Furthermore, on March 21st, at 1:00 P.M. UTC, the Polker NFT sale (FCFS) on the GenShards Market came to an end. Every NFT sold is fully functional in the game and contributes to the overall goal of building the project’s ecosystem. Polker also attended the NFT Los Angeles event not too long ago, which was held from March 28th to March 31st, 2022.
Polker Team Decides to Extend PKR Staking
Polker began offering everyone the chance to stake their PKR on Ethereum on September 25th, 2021, and on BSC on December 25th, 2021. Polker has now agreed to continue the two staking pools for three more months due to the team’s ongoing growth on early access and the game approaching completion. Polker has also achieved many of the goals listed in the roadmap, having finished four successful Betas and is now in the final development stages.
Also, users who have previously staked their PKR in the Ethereum or Binance Smart Chain (BSC) pools do not need to withdraw or redeposit because the staking contract will be updated on a regular basis and they will continue to acquire PKR coins. In addition, the two staking pools currently possess around 30 million PKR tokens. As of now, Ethereum provides a 29% APY and BSC provides a 19% APY.
About Polker
Polker is the world’s inaugural blockchain-oriented poker NFT that uses Unreal Engine 4 to deliver a genuine gaming experience that is also highly dynamic and interactive in nature. It is founded on a tried-and-true fair methodology and TRNG technology. Polker is also not operating by itself either, having formed alliances with Polygon for its non-fungible tokens, and partnerships with Master Ventures and Chainlink as well. One of the most successful music celebrities of all time, Akon, also gave Polker a shout-out not too long ago.
Polker plans to partner with a number of prominent platforms and be linked with a variety of streaming channels that have sophisticated VR capabilities and stunning 3D characters, aesthetics, and digital environments. Polker aims to be the first blockchain NFT game with metaverse elements that is fully free to play and includes P2E capabilities. Meanwhile, within a year, the business will begin production on new games, with a focus on VR and mobile development in 2022.
Be sure to follow Polker on the official Twitter, Facebook, Discord and Telegram channels as well as check out the website.
Contact Details:
Company: PolkerPKR OÜ
Director: Jiseok Seo
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119303
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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