In the phase of skyrocketing blockchain development and emerging innovations, GameFi and Play-to-Earn have become an interesting concept through which ...

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Mixed martial artist Francis Ngannou will be taking half his purse for UFC 270 in the form of Bitcoin, according to his Twitter post yesterday. In addition to getting paid in BTC, Ngannou is also planning to give away $300,000 worth of the flagship cryptocurrency to his fans via Cash App. I believe bitcoin can empower people everywhere. So I’m excited to partner w/ @CashApp to take half my #UFC270 purse in bitcoin. I want to make bitcoin more accessible to my fans, so I’m giving out $300K in bitcoin! Follow @CashApp + drop your $cashtag w/ #PaidInBitcoin pic.twitter.com/8JEvJ1UYu1 — Francis Ngannou (@francis_ngannou) January 18, 2022 Jack Dorsey’s Cash App has formed similar partnerships with several NFL players, including Los Angeles Rams wide receiver Odell Beckham Jr. and Green Bay Packers quarterback Aaron Rodgers, while allowing them to receive their salary in Bitcoin. Prior to his latest announcement, Ngannou had earlier tweeted that bitcoin is big in Africa: “I’ve been talking with my family and friends in the crypto space. Bitcoin is huge in Africa and I’m thinking of taking half my fight purse in it, Bitcoin is the future and I’m a believer.” Ngannou earned a reported £400,000 for his title win against Stipe Miocic last year, meaning he could earn in six figures worth of bitcoin if he decides to convert his UFC 270 purse. The MMA fighter will take on ‘Bon Gamin’ Ciryl Gane on January 23 at the Honda Center in Anaheim, California, and is set to earn a guaranteed $750,000. Ngannou is not the first professional MMA fighter to receive earnings in Bitcoin. In Dec. 2021, American MMA fighter Kevin Lee said that the Russia-based Eagle Fighting Championship will pay him in Bitcoin. UFC has formed a partnership deal with Crypto.com to become its official cryptocurrency partner. Furthermore, the MMA company even launched a non-fungible token (NFT) collection to celebrate UFC 268: Usman vs. Covington 2. Beyond crypto.com, Coinbase and FTX have signed up numerous team sponsorships and endorsement deals to target mainstream users. In fact, FTX brought Tom Brady as a ‘brand ambassador’ along with MLB slugger Shohei Ohtani and NBA sharpshooter Steph Curry.

The post Francis Ngannou to Take Half of His UFC 270 Purse in Bitcoin appeared first on Cryptoknowmics-Crypto News and Media Platform.

The cryptocurrency market continues to have a disappointing January. At $$2.07 trillion, its total cap has dropped by around 1.7% in the past 24 hours. [...]

The Web3 Inu team is excited to announce the introduction of its Rent-To-Earn Gaming concept. Although Web3 shares some similarities ...

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Industry chatter suggests that major Korean exchange Bithumb is developing its own NFT marketplace under a partnership with LG subsidiary, LG CNS. Bithumb, a global cryptocurrency exchange with its headquarters in South Korea, announced today that its NFT marketplace is currently in the early stages of development. The launch is scheduled for 2022, but the [...]

The post Bithumb NFT Marketplace Set To Launch This Year appeared first on Blockonomi.

The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies. Better Inflation Hedge Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that […]

Ethereum extended decline below the $3,200 support zone against the US Dollar. ETH price remains at a risk of a sharp decline below $3,000. Ethereum extended decline below the $3,200 and $3,150 support levels. The price is trading below $3,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 and $3,150 resistance levels. Ethereum Price Faces Resistance Ethereum extended decline below the $3,200 support zone. ETH even broke the $3,150 support level and settled below the 100 hourly simple moving average. There was even a break below the $3,120 level. A low is formed near $3,050 and currently correcting losses. It is now approaching the $3,085 resistance. The stated level is near the 23.6% Fib retracement level of the recent drop from the $3,192 swing high to $3,050 low. The first major resistance is near the $3,120 level. There is also a major bearish trend line forming with resistance near $3,120 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent drop from the $3,192 swing high to $3,050 low. Source: ETHUSD on TradingView.com If there is an upside break above the trend line, the price could rise towards the $3,200 resistance zone. The next major resistance is near the $3,225 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,350 in the near term. More Losses in ETH? If ethereum fails to start a fresh increase above the $3,120 level, it could continue to move down. An initial support on the downside is near the $3,050 level. The first key support is now forming near the $3,000 level. A downside break below the $3,000 level might accelerate losses in the near term. The next major support for the bulls may perhaps be near the $2,880 handle. Any more losses may perhaps push the price towards the $2,750 level in the coming days. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still well below the 50 level. Major Support Level – $3,050 Major Resistance Level – $3,120

Decentralization, at its core, is and has always been a community-driven revolution in money and culture, and cryptocurrency has served as a key player in the movement. After the advent of cryptocurrency, Dogecoin came in as a meme coin purely to mock investors who bought crypto despite a lack of understanding of the concept. Ironically, Dogecoin grew to become one of the most valuable coins in terms of market capitalization. Once Dogecoin emerged as a trend it rapidly spread into popular culture and with its widespread success, several tokens based on dog breeds were been created, including Shiba Inu, Baby Shiba Inu, and Floki Inu – named after Elon Musk’s pet. Dogecoin is now being accepted as a form of payment at Coinbase Commerce, paving the way to conventional utility, and with the Metaverse growing and evolving, users can already use several cryptocurrencies, including meme coins as payment in various ecosystems. With the power of artificial intelligence meme coins have finally come to life. A relative newcomer in the space Kitty Inu ($KITTY) splashed onto the scene with a Fair Launch on October 24, 2021. Capitalizing on the dog-themed coin craze, the adorable Kitty Inu meme is of a cat disguised in a dog costume, seemingly so she can run with the big dogs. The female-led team behind Kitty Inu is comprised of experienced industry professionals, who have wasted no time laying out their vision and embarking on some seriously ambitious projects, especially given the current microcap status of the project. The $kitty token will be the native currency of an NFT based Free-to-Play and Play-to-Earn racing game, KittyKart, being built on the Ethereum blockchain where players race karts to “mine” NFT assets.  Through continued gameplay, mined NFT assets will then confer either skillset advantages or enhancements to visual appearance.  Assets will have the ability to be “mined” (earned) through gameplay or bought and sold on the secondary market via the in-game marketplace. From the preview trailer on the Kitty Inu website, it appears KittyKart will be colorful, serious, and fun, having been inspired by the likes of past favorites such as Mario Kart and Crash Bandicoot.  Further broadening the game’s appeal, Team Kitty has been acquiring popular NFTs, the likes of a Bored Ape, a Deadfellaz, and Rumblekong to name a few, for use to populate the game with characters that will be inclusive of the larger community. The beta release of Kitty Kart is expected around the end of January or early February of 2022. Kitty Inu is also engaged in a partnership with The Culture Dao ($CULTUR) a decentralized Web3 Pixar and Virtual Beings Development Guild founded by Emmy award winner Edward Saatchi (founder of Fable Studios and co-founder of Oculus VR story studio) and blockchain developer Anna Nevison, M.S. to assist in the development of an Artificially Intelligent Kitty Virtual Being.  AI Kitty would tap into an array of data from sources such as news & world events, cities, communities, social media, facial analysis, and Google trends to teach her to feel.  The intent is that AI Kitty would empathize on multiple scales, gathering data from the communities that adopt her and once perfected in the metaverse, she would find a place in IRL public spaces. Furthering the use-case of their token, Team Kitty Inu also recently partnered with Shopping.io where non-us holders can use their Kitty Tokens to shop at major retailers online.  They have also have retained the outside legal counsel of the international law firm of Squire Patton Boggs to aid in the development of their business enterprise.  Furthermore, Kitty Inu is Certik audited and the Lead Developer is KYC Verified by InterFi Network. Kitty Inu ($kitty) is currently available for trade on Uniswap and Pancakeswap.

The post DOGE Price Fears to Deplete At 3x Speed Soon, Will Dogecoin go up Again? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Dogecoin nowadays is showing huge signs of weakness and hence the volatility rate is expected to remain high. The popular memetoken is on the verge to break through the crucial support levels and test lower support zones yet again. While currently the asset is pointing towards an extreme downtrend, the possibilities of a flip remain …

TOKYO, Jan 19, 2022 - (JCN Newswire) - As part of the next step into the energy management business, Honda is partnering with the V2X Suisse consortium to demonstrate the vital role of electric vehicles (EVs) and bi-directional charging technology in the future of energy management.

Honda will supply 50 Honda e electric vehicles to Switzerland's car sharing operator, Mobility. The Honda e units will be used as part of a car sharing fleet in a pioneering trial which uses the Honda e's bi-directional charging function to feed energy back to the grid when the vehicles are not in use for sharing. To allow bi-directional charging, Honda is also providing 35 Honda Power Manager units. These will deliver vehicle-to-grid (V2G) energy recovery capability for Mobility, at various urban and suburban sites across Switzerland.

The V2X Suisse trial includes the world's first mass-deployment of the COMBO-CCS (Combined Charging System) configuration with bi-directional functionality: currently Honda e is the only electric vehicle in the European market to allow both charging and discharging, as standard, for the European charging system CCS, making the Honda e the perfect vehicle to join the fleet.

Honda Power Manager is a bi-directional system that connects EVs to a power grid, enabling the collection and distribution of electricity between the two. This allows for intelligent balancing of the supply and demand of energy, including the better use of renewable sources and supports the stabilisation of the grid.

In this project, a total of 50 Honda e units will be allocated to 40 stations across Switzerland. A single Honda e can feed up to 20 kilowatts of power back into the grid when plugged into a bi-directional charging station. This not only regulates power to stabilise the grid during periods of high demand and minimise bottlenecks in the distribution of energy, but also reduces the need for expensive grid expansions as demand for EV charging increases.

Using a cloud-to-cloud IT platform developed by fellow consortium member sun2wheel, the Honda Power Manager units can manage the available power for each EV in 15 minute cycles to assess and regulate the flow of electricity. The scheme will enable Honda to verify the relationship between vehicle usage frequency and V2G operation, actual V2G operation time and frequency, and how this impacts on customer convenience.

Honda aims to create a sustainable society with zero environmental impact by connecting electrified mobility products and energy services, whilst contributing to the 'freedom of mobility' and 'expanding the use of renewable energy'. Not only the smart electric car, but innovations such as the bi-directional Honda Power Manager charging system will become increasingly important in a future carbon neutral society where both EVs and the use of renewable energy will become commonplace.

Through a real-world demonstration, Honda can conduct data collection and analysis of car sharing and V2G battery energy services, which will lead to the development of Honda's future energy services.

The actual demonstration of this project will start from September 2022, and will run until the end of 2023, includes consortium members Mobility, EVTEC, sun2wheel, tiko, Novatlantis and ETH Zurich, and is supported by the Swiss Federal Office of Energy.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comAs part of the next step into the energy management business, Honda is partnering with the V2X Suisse consortium to demonstrate the vital role of electric vehicles (EVs) and bi-directional charging technology in the future of energy management.

One crypto whale just embarked on an altcoin shopping spree to the tune of $14.1 million. The blockchain-transaction tracker WhaleStats reveals that the Ethereum whale wallet named Light bought 642,999 Decentraland (MANA) for $1,845,409. Decentraland is a 3D virtual reality world that runs on Ethereum. The 43rd-ranked crypto asset is priced at $2.81. The 3rd-richest […]

The post Third-Richest Ethereum Whale Splurges Over $128,000,000, Accumulates Two Metaverse Tokens and Four Other Crypto Assets appeared first on The Daily Hodl.

The meme-based cryptocurrency Shiba Inu (SHIB) faced extreme selling pressure in the last few months after a retail frenzy pushed the digital asset’s price to a record high of $0.000088 in October 2021. CoinMarketCap’s recent data shows that the market cap of Shiba Inu has dropped below $15 billion, the lowest level since 12 January.  […]