One of the first use cases first explored by member of the cryptocurrency community was the role of crypto in video games. Unfortunately, the most recent wave of blockchain games has primarily fallen flat. What effect could the TRON Arcade fund have on this pivotal niche?
On November 29th, TRON announced a three year, US$100 million investment fund. This fund, coined TRON Arcade, will incentivize and empower developers who build blockchain gaming solutions on the TRON network. This can be seen as yet another initiative by the network to try and coerce activity to migrate from Ethereum to TRON.
In all fairness, Ethereum has fallen short in every metric regarding blockchain gaming. Simple games, that barely qualify as fostering actual “gameplay”, such as CryptoKitties have completely clogged the ETH network in the past. Gameplay that has taken place has been incredibly sparse, slow, and expensive. At its fundamental core, the speed and throughput of the network combined with inefficient handling of data suggests that Ethereum simply isn’t a compatible host for blockchain gaming activity.
Alas, this heavyweight fund, combined with a TRON network that is better situated for fast-paced, resource-intensive activities could act as a major catalyst to help bring blockchain gaming up-to-speed with mainstream counterparts. As several major players in gaming have already began to toy with blockchain integration, a proliferation of the niche by TRON could inevitably urge many of the blockchain-curious Triple A studios to begin developing blockchain and cryptocurrency games.
For TRON fans that are interested in blockchain gaming, this move might evoke mixed reactions. Of course, TRON Arcade will likely have a major impact on the niche, but this announcement also undermines the role of TRON subsidiary Game.com (GTC). Game.com is a social gaming platform that dates back to the start of the year. After hitting an all-time high market cap in April of roughly US$250 million, GTC has been bleeding severely. Prior to the Arcade announcement, Game.com was teetering around the $6.5 million mark. However, it fell significantly to a current market cap of $5 million in response to the announcement, as speculators suggest the Arcade fund means TRON plans to phase out interactions with GTC.
In relation to the crypto space as a whole, utilization of TRON’s warchest is a stark contrast to many of the projects that have tried to stretch funds as long as possible, with some even being forced to fold already. TRON’s relative success in the recent crashes means that the market values effective business negotiations, perhaps even moreso than tangible developments.
This blockchain gaming fund is not the first big spending by TRON. In the summer, the project purchased BitTorrent for a cool US$140 million. As the project continues to trek through the bear market, the focus of developments may turn to the projects and coins that are equipped to generate profit and armed with enough funds to build a business.
Ripple Prediction: XRP Could Reportedly Rally Against Bitcoin (BTC)
According to the latest reports, Ripple’s digital asset XRP could be soon rallying against Bitcoin.
The token’s price has formed major support near 0.0000900BTC against BTC. XRP seems to be preparing for an upside break above 0.0000920BTC and 0.0000950BTC in the near term
XRP price analysis
During the past few days, there have been range moves below 0.0000920BTC in the price of XRP against BTC.
XRP to BTC has reportedly declined a few points below the 0.0000910BTC and 0.0000900BTC levels, but downsides were limited, says Etehreumworldnews.
They conclude by saying that XRP is definitely getting ready “preparing for the next crucial break either above 0.0000920BTC or below the 0.0000885BTC support. The current price action is positive, suggesting high chances of an upside break above 0.0000920BTC. If not, XRP to BTC could break the 0.0000885BTC support and trade towards the 0.0000850BTC or 0.0000840BTC level in the near term.”
What’s in the cards for Ripple and XRP?
XRP forecast regarding the price for 2019 looks positive especially considering that the coin’s price is somehow related to Ripple, the company’s developments.
Back in September 2018, XRP was able to surge by 300% triggering massive excitement in the Ripple and XRP community.
Since then, Ripple’s products became adopted by more banks and financial institutions, and today, for instance, RippleNet include about 200 members.
Just recently, Euro Exim Bank flaunted the massive benefits of using Ripple’s xCurrent and xRapid:
“Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] building on its extensive technological capabilities and blockchain expertise in trading systems.”
Brad Garlinghouse said that more banks would be flipping the switch and starting to use XRP as well.
Are Bitcoin Tumblers Smart to Use or Do They Bring Unwanted Attention From Regulators
A bitcoin tumbler site that offers users untraceable cryptocurrency, BestMixer, could have tainted many wallets by giving them small amounts of BTC as gifts, a practice called crypto dusting.
According to a cryptocurrency security firm, Cypher Trace, if your wallet was among those that received the gift then you may be holding laundered coins. The company believes that, although BestMixer’s owners are compliant, they could have transacted with an alleged money launderer, without consent or knowledge.
According to the CEO of Cipher Trace, David Jevans, wallets that dealt with BestMixer could attract attention from relevant regulators. He also believes that anyone using a tumbler site could be suspected of questionable motives.
It All Started In October 2018
BestMixer began the promotional campaign in October 2018, whereby it set BTC to wallet addresses, adding a promotional message for their tumbler services. The amount sent was minuscule, and ranged between 666 and 888 satoshis.
BestMixer allows people to transact completely anonymously, enabling them to remain private when swiping funds with others. The funds are sourced from different pools, depending on the privacy level a person requires.
The tumbler site also perfects on a time delay in the intention of making it hard for blockchain analysts to trace transactions.
Cryptocurrency Payments No Longer Anonymous
Tracing cryptocurrency transactions used to be difficult, and lack of AML/KYC control made it difficult to link a person to their wallet addrc Be of this, criminals found an opportunity to use the mediuurm for their illicit activities; with platforms such as Silk Toad become more popular in the belief that bitcoin is untraceable.
After a Tumultuous 2018 for Crypto and the Birth of Stablecoins, Here is what to Expect in 2019
2018 was the year of the bear run and the stablecoin. So what does 2019 hold for the crypto world? While it is impossible to tell what exactly will happen in 2019, one can make a good guess. Here are the five likely scenarios that will play out in 2019 for crypto:
Tether Will Lose Traction
For years, there have been issues raised about how legit Tether is. Despite this, it has remained a popular stablecoin in the crypto world.
However, rival stablecoins such as Coinbase, Circle, and Gemini could offer a challenge. This will erode the monopoly that it has enjoyed in the past. Even if Tether does not shutter as Basis did at the end of 2018, it will most likely not be as dominant.
Facebook Will Mint The WhatsApp Crypto
Facebook has been interested in creating a payments platform for years. The effort started in 2014 when it poached David Marcus of PayPal.
Marcus became the head of messaging products at the company. However, he was picked to head the company’s blockchain project in 2018, which is still shrouded in mystery. Recent reports indicate that he might launch a WhatsApp-based remittance service in India. After a rough period in 2018, the company could use a win in 2019.
The Regulators Will Go After Big Fish
The SEC will take on the major players in crypto in 2019. For instance, it might decide that XRP is unregistered security.
If that happens, Ripple could be hit with huge fines. It might also decide to shut down an exchange for not adhering to anti-money laundering laws. Besides that, celebrities who have used their star power to pump ICs might be in trouble.
The Bitcoin ETF Gets Approved
As the crypto world evolves, it could help the stage for a BTC traded fund also called an ETF. After the bubble burst, investors that are more reasonable are joining the crypto world.
Right now, a firm called Bakkt, created by those behind the NYSE wants to launch a BTC futures market. This could help to improve liquidity in the crypto world. Thus far, it is known that an SEC commission is seeking to have the BTC ETF approved. Before that, a VanEck might or might not be approved next month. It is worth noting how that works out.
The Bear Run Persists
The crypto world has been in a bear run since they reached a high in 2017. Right now, various factors such as volatility in the equity market, a possible economic recession, and global geopolitics might reduce appetite for crypto assets for now.
However, there is a bit of disagreement on this. Some experts believe that prices might bounce back soon. Others believe that crypto prices have not hit their low yet.
There is a lot of agreement and disagreement over whether these predictions will happen. However, there is quite good evidence to support them if you look at the crypto world right now. It is also worth noting that this is a young industry and anything is possible.