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What TRON’s $100 Million Blockchain Gaming Fund Indicates

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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.

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On.Live Is Pleased to Announce That ONL Token Holders Can Now Use Bitgo’s Industry-Leading Wallet and Custodial Offerings

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BitGo is the market leader in digital asset financial services providing security, compliance, custodial, liquidity solutions for institutional investors. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of global Bitcoin transactions and $15 billion per month across all cryptocurrencies.

In 2018, BitGo introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo Business Wallets and BitGo Custody are used by hundreds of clients around the world including the largest cryptocurrency exchanges.

Since its inception in 2013, BitGo has been focused on the institutional market and that makes working together a natural fit, as we want to extend the accessibility of ONL tokens for institutional and enterprise clients.

On.Live is a distributed live video broadcast network project, build to fill the niche in payed live and on demand services delivery in the Internet. The platform offers one of the kind, innovative, no subscription business model, beneficial for all parties involved in On.Live marketplace.

With live streaming on the rise, and lack of other comparably flexible solutions on the market, On.Live is natural choice for access and delivery of live streamed services for individuals, small and big businesses. On.Live is aiming at becoming market leader and platform of choice for everyone who realizes the huge potential in live streaming, and what profits it may bring in his own economic activities.

We believe that BitGo’s support will elevate On.Live’s business potential, contribute to growth of the platform itself and positively affect the security of ONL.

Source:nulltx

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10,000 Retail Shops in France Will Sell Bitcoin, XRP, Ethereum, Litecoin and Dash, Powered by Payments Giant Ingenico: Report

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Bitcoin, XRP, Ethereum, Litecoin and Dash are reportedly expanding to 10,000 points of sale throughout France.

Digycode first rolled out its crypto coupons last year. The startup says it’s now expanding to over 10,000 shops through a collaboration with Paris-based payments giant Ingenico, according to local news outlet Cryptonaute. The leading payments firm reported $2.8 billion in revenue in 2017.

“‘The deployment of Digycode is the result of a partnership between Digital Service and Ingenico, and tobacconists equipped with a Devlyx cash registerare, therefore eligible to sell our product for their customers, commented Christopher Villegas, CEO of Digital Service.”

The crypto startup will offer prepaid recharge coupons that can be purchased in three available increments – 20, 50, or 200 euro – by visiting any of the supported locations. Once a customer redeems the coupon on Digycode’s website by using a secret code, the euro is converted into crypto.The company says crypto balances will appear in the user’s crypto wallet as soon as the transaction is confirmed.

Tobacco shops are selling crypto despite regulatory uncertainty.

France’s tobacco federation was granted permission to sell crypto from the French Prudential Supervision and Resolution Authority, according to a report from the French radio network Europe 1.

But France’s central bank is singing a different tune, saying it has not approved retail sales of cryptocurrency. In addition, the Financial Markets Authority, which regulates the country’s stock market, has issued a statement saying no company is licensed to sell crypto in stores.

Source.dailyhodl
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Crypto-Friendly Wyoming Becomes First US State to Give Bitcoin, XRP, Ethereum, Litecoin, EOS and Altcoin Owners Complete Property Rights

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The Wyomng Senate passed SF125 on Thursday. The “Digital Assets” bill will now become law, granting cryptocurrency holders property rights for direct ownership of digital assets. Wyoming is the first state in the US to pass a clear regulatory framework for Bitcoin, XRP, Ethereum, Litecoin, EOS and other altcoins, setting the stage for cryptocurrency investors, entrepreneurs and crypto-related businesses to flourish in the state.

The bill allows people to hold cryptocurrency without the need for an intermediary to own digital assets, and clears the way for banks to offer custodial services for cryptocurrencies.

According to the act, digital assets are considered intangible personal property.

“AN ACT relating to property; classifying digital assets within existing laws; specifying that digital assets are property within the Uniform Commercial Code; authorizing security interests in digital assets; establishing an opt-in framework for banks to provide custodial services for digital asset property as directed custodians; specifying standards and procedures for custodial services under this act; clarifying the jurisdiction of Wyoming courts relating to digital assets; specifying applicability; authorizing the promulgation of rules; and providing for an effective date.”

Other forms of intangible personal property are partnership interests, life insurance contracts, securities investments and royalty agreements.

The bill is expected to come into effect on July 1. It also supports the advancement of tokenized securities.

Caitlin Long, co-founder of the Wyoming Blockchain Coalition, expects the new legislation to attract blockchain companies and talent, making Wyoming a frontrunner in the space with a clear regulatory framework designed to foster innovation and spur adoption of Bitcoin, altcoins, blockchain-based businesses, trading platforms and crypto custodial services.

Source.dailyhodl

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