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2022-11-10 11:35:02 Roblox misses on revenue, reports wider than expected loss in Q3

Roblox reported a big miss on revenue, posting sales of $517.7 million for the third quarter compared to the average analyst estimate of $692 million, and reported a wider than expected loss in the period. Shares tumbled 14% in premarket trading. Bookings, or sales of the platform's virtual currency "Robux," totaled $701.7 million, versus second-quarter's $640 million.

The company reported a net loss per share of $302 million versus the $204 million average analyst estimate. Roblox has 58.8 million daily active users and over 13.4 billion engagement hours, compared to 52.2 million daily active user and over 11.3 billion engagement hours in the prior period. While Roblox is widely considered a web2 game, it’s often included as one of the many metaverse platforms for its ability to allow simultaneous online experiences and chat functions in a virtual world.

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2022-11-09 08:48:02 Bitmex to launch trading of its BMEX token on Friday

Bitmex said on Tuesday that the token will be used to reward customers, as the company aims to regain market share in the derivatives space. Rewards will be offered in the form of trading fee discounts, withdrawal fee waivers, improved staking rewards and access to new products and services, said Bitmex.

The exchange first announced the BMEX token in December last year and started airdropping to users in February. Bitmex today said it has airdropped "millions of BMEX to over 80,000 traders" since February. In June, the company delayed the listing of its token, citing "market conditions." But now is the right time to launch, according to Bitmex's chief marketing officer Benjamin Usinger.

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2022-11-08 07:13:02 Hive Blockchain Reveals No Debt Costs as it Holds 3,311 Bitcoin

Hive sold all of its ETH holdings after vowing to produce other GPU mineable coins following Ethereum shifts to Proof-of-Stake. Prominent Bitcoin miner Hive Blockchain revealed having 3,311 Bitcoin, worth more than $68 million, as of November 5, 2022. Canadian firm said it does not have expensive borrowing against equipment such as ASICs or GPU chips, or digital assets.

Amidst Bitcoin’s price hovering around $20k, difficulty soaring, and high energy costs, miners in the network are under tremendous pressure. Mining companies, too, have been reeling under the bear market. Compute North filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas earlier this year, while Iris Energy disposed of $100 million in equity in a bid to generate some cash. Firms such as Argo and CleansSpark borrowed millions against their mining equipment.

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2022-11-07 06:42:02 Solana co-founder Yakovenko wants “consensus at the speed of light” with over 20k validators

Federa highlighted that around 12% of U.S. citizens own some form of crypto asset in 2022, while a similar percentage had access to the internet in 1995. Looking at the parallels it is clear to see that we are truly ‘still early’ in crypto. Federa spoke more broadly about the web3 industry comparing crypto’s adoption to that of the internet in 1995.

Federa continued to explore gaming, DeFi, and NFTs on Solana. Federa commented that web3 is now building “games that are actually fun for the sake of the game” rather than focusing solely on financial incentives. This evolution is at the core of Polkastarter Gaming’s Gam3 Awards being held in December with 13 categories across multiple blockchains. Only games that put gaming first are being considered for the awards.

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2022-11-06 08:41:02 Cloud Provider Bans Solana Nodes, Taking 40% Offline

Solana – which prides itself on being a decentralized censorship-resistant network – is, like any other blockchain, heavily dependent on cloud computing. As a result, it remains vulnerable to centralized providers, who can halt servicing the network at any time. Solana’s main network providers decided to stop providing their services to entities running Solana nodes and took them all offline.

Hetzner Online GmbH – the provider who took all Solana nodes offline – turned off more than 1,000 Solana nodes overnight. Although many are back up and running using the services of rival cloud computing providers, there is no guarantee a similar event won’t happen in the future. Hetzner gave node runners no warning before taking them offline, the firm’s sentiment towards blockchain networks had, in fact, been made public earlier this year.

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2022-11-05 10:36:02 Do Kwon says he's legally residing in current country; report indicates in Europe

Terra founder Do Kwon may be in Europe, South Korean prosecutors told national news outlet KBS. Kwon, a native of South Korea, reportedly left Singapore for an unknown location in September, via Dubai, according to KBS. He is wanted in South Korea on charges of violating the capital markets act.

The KBS report notes that South Korea invalidated Kwon's passport after his purported arrival in Europe. He also defended himself against accusations made by prosecutors that he ordered price manipulation of Terra's UST stablecoin, which was supposed to be pegged to one US dollar. He has repeatedly claimed that he is not in hiding and continues to be active on Twitter, even poking fun at those searching for him. On Thursday, he said he would throw a conference and "cops" from the world over would be welcome to attend.

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2022-11-04 06:39:02 Polygon surges 10% following Instagram integration announcement

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. According to the Nov. 2 announcement, selected creators in the United States would be able to make their digital collectibles which can be sold both on and off Instagram.

The platform continued that its users could also now showcase video NFTs, and the metadata of certain collections, which include their descriptions and names, would be provided by OpenSea.Meanwhile, Meta stated that it was extending its support to the Solana (SOL) blockchain and the popular Phantom Wallet. The Mark Zuckerberg-led company already supports Ethereum, Polygon, and Flow blockchains.

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2022-11-03 08:58:02 Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

The Monetary Authority of Singapore (MAS) successfully completed a cross-currency transaction involving tokenized Japanese yen and Singapore dollar deposits as part of a pilot exploring the potential of DeFi applications in wholesale funding markets.

According to a tweet from JPMorgan's Ty Lobban, the multinational investment bank first used Polygon in order to settle on Ethereum for low fees — which were necessary to reduce operating costs associated with identity verification. It then leveraged Aave's permissioned pools concept and deployed a modified version of Aave Arc in order to set specific parameters. Singapore dollars and Singapore Government Securities Bonds, MAS said in a statement.

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2022-11-02 17:52:14 CryptoMarketUpdates pinned a photo Open / Comment

2022-11-02 17:52:10 Yellow is the next leading Web3 solution in market

Yellow is grabing all the attention by combining all the DEX & CEX with shared liquidity. Team is building a Next-Generation global network of Web3 financial exchanges, using state-channel technology to fix the liquidity problems and eliminate the need for Cross-Chain Bridging once and for good.
As a retail customer, we can set up our own node and make money from liquidity mining.

The token launch is scheduled for Q1 with several exciting mechanism like NFTs, and sub-token $DUCKIES

Achievements:

• Hard cap got knocked out in less than 1 mins at launchblock.com

• Limited edition NFTs sold more than 1000s in less than 24 hrs.

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Website : www.yellow.org
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