Blockchain
Blockgamer Raises USD7M from Revolutionary Growth Program as Expansion into Asia Gains Traction
Helsinki, Finland–(Newsfile Corp. – December 14, 2022) – Blockgamer raised USD7M from a revolutionary growth program as expansion into Asia gained traction and grew its game database from a dozen home-grown games to over 1,000 as of December 2021. Its player base grew exponentially as well as players around the world are attracted to its freemium, play to win model.
Blockgamer, an online gaming platform that has a player base of 80,000 monthly active users has continued to find success in its hybrid gaming model of providing hyper-casual games, leaderboards and exciting prizes to players.
Blockgamer is pushing the limits of what constitutes an online gaming platform world by rewarding consistent and dedicated players with attractive prizes.
With the introduction of a revolutionary growth affiliate plan namely BlockGamer Growth Program in 2021 that provides anyone who wants to grow with Blockgamer the opportunity to participate in its expansion plans, BlockGamer has bypassed traditional roadblocks and allowed players themselves to determine and guide the future of BlockGamer.
“We could’ve taken investments from institutional firms, but it’s stronger to take it from the game industry and players who believe in our mission,” said Johannes Virtanen, Media manager of Blockgamer. “We are a gaming company first that is utilizing and bringing new technologies into our games and players.”
In 2022, the Growth Program managed to raise over $7M from players all around the world. New games were added to the platform, the prizes and player base augmented significantly and new technologies were introduced to the platform. The private marketplace where players can experience different gaming experiences came out of Beta and is now being enjoyed by over 1,000 active daily players in BlockGamer.
With over 1,000 game items being traded regularly and more being added daily, the marketplace has not only grown the revenue but also received rave reviews from the players. The Growth Program participants have also received substantial rewards for their commitment and belief in the platform.
“As we head into 2022, we are exploring and developing games that push the limits of our imagination and are actively pursuing the next-level of gaming,” said Johannes. The next frontier will be entering the VR/AR gaming ecosystem and using the latest blockchain technologies to enhance the gaming experience.
BlockGamer
About BlockGamer:
BlockGamer is also doubling down on its plan to expand into the global market and will push aggressively into the Asian market in 2023, namely Southeast Asia.
Media details:
Contact Person: Johannes Virtanen
Email: [email protected]
Website: https://www.blockgamer.io/
Location: Finland
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147885
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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