Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet investors and institutions. Brevan Howard Asset Management LLP and Tudor Investment Corp refreshed their bitcoin holdings by adding more of the cryptocurrency to their portfolios. Related Reading | Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down The growing geopolitical tension and the increasingly tense crisis in Russian-Ukraine are negatively impacting investor risk appetites for both equities as well crypto. This has fueled a bearish narrative surrounding Bitcoin’s price, which plunged below $40,000 with no signs of letting up. Cryptocurrencies are not without their risks, and it seems that even large investors know this. On March 11th of 2022, survey data from Datamish showed 1,500 Bitcoin being lent out as short positions to finance those risks- a total debt amounting close enough for a 3,603 BTC loan. Following an increase in funding for short positions, there have usually been negative consequences such as price drops. Analysts have been monitoring the recent changes in Bitcoin price, predicting that it will continue to fall. They believe there is still a significant risk for an upcoming decline, even after its recent recovery. The Bitcoin price recovery is attributed to the first bearish Ichimoku breakout since December 4, 2021. Analysts believe Bitcoin price has formed a bottom in the $38,000 -$38500 range. This is an important confirmation zone for trading on bitcoin. This may signal more losses for investors who have been selling assets in anticipation of an upcoming crash. According To Reuters, Russians Flooded The UAE With Liquidation Requests In a Russia- drowning attempt to save their fortune, company executives and financial sources told Reuters that many Russians flooded the UAE’s cryptocurrency firms with liquidation requests. That’s not all they want to do. Some of these investors are looking for real estate in the UAE. While others plan to convert it into fiat and hide their money somewhere else – insiders reported. Related Reading | Bitcoin Exchange Withdrawals Suggests Whales Are Accumulating The Swiss financial industry is currently in chaos. In fact, brokers requested the withdrawal of billions of dollars worth of Bitcoin. The request came from their clients concerned that Switzerland might freeze all funds. One representative claims they have received requests for up to $2B.  The UAE has been a neutral ground for Russians and Belarusians who have come to Dubai with their money to avoid being left out during any wars that may break out. There’s even been talk of people bringing cryptocurrencies here because they know it will always stay safe no matter what side wins. According to sources in the UAE, many Russians purchase real estate with cryptocurrency. They’re using digital forms of money both ways – bringing their resources into Dubai while getting them out from other regions. Featured image from Pixabay, chart from Tradingview.com

Diem will sell assets to Silvergate for $200 million which means that Facebook’s stablecoin project will wind down as we are reading more in today’s latest crypto news. The Diem Association will sell off its asset and an IP to Silvergate for about $200 million. Facebook launched the stablecoin project in 2019 as Libra. Facebook’s […]

• The operation is backed by international funds such as Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix Capital, and Peech Capital.  The advisory board is comprised by Youtubers Willy Rex, Reven, and Kmanus88 
• The project has already issued 72 million of its token (MSU) in private sale and 18 million in public sale. 
• The company's goal is to elevate MetaSoccer's professional leagues to the current football leagues. With this round of financing, the founders will hire new positions to develop the video game and will invest in marketing activities.

Inspired by projects such as Axie Infinity, which recently achieved a market capitalization of $9 billion according to Coingecko, play-to-earn is one of the sectors that is managing to raise the most money in the blockchain world. In Spain, the video game studio Champions Games presents the first metaverse football game, MetaSoccer, which is based on blockchain technology, a play-to-earn NFT project. 

To continue growing, the company has just raised 2 million euros in a recent round of financing supported by the investment fund Play Ventures. It has the advice of specialized companies in the sector such as Ath21 and Polygon and, in addition, highly regarded international funds such as Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures and Metrix Capital have entered.  Defiance Capital and Parafi Capital are two of the most important crypto specialized funds in the world.

MetaSoccer is aimed at both play-to-earn players and football fans to enter the new metaverse, a term to refer to the virtual world parallel to the real one in which you interact with other users through digital devices.  The ultimate goal of the Spanish startup, as its co-founder and COO, Patxi Barrios, explains “is to create a new generation of digital native football players and clubs, which in the coming years will achieve similar ratings to those of professional football leagues.  Ultimately, we aspire for the next Messi to be born in the metaverse and play on a platform like ours."  

The first step is to allocate the funding obtained to the dual purpose that the company has set for 2022: on the one hand, to develop and execute the video game with the hiring of new profiles specialized in the development of Golang technologies and onchain programming in Solidity. On the other hand, marketing actions will be reinforced to give more visibility to the project. This will include advisors on digital and football content.

The project is supported by streamers and Youtubers such as Willy Rex, Reven and Kmanus88, who have millions of followers. According to Kmanus 88 himself, “MetaSoccer has three key points to be the next milestone in the world of blockchain gaming: it is the first football metaverse with unique characteristics, it has a new economic model based on token bonding curve that brings stability to the token and as a studio they have over 6 years of experience in developing video games.” 

Three sectors totaling 400 billion dollars

MetaSoccer is part of a new sector that is in full swing, combining blockchain technology, decentralized finance, sports betting and football.  

The potential audience of MetaSoccer reaches 40% of the planet's inhabitants. That's because 3.1 billion people play video games. In addition, 3.5 billion people are football fans in over 200 countries. In addition, 1.6 billion people bet on sports.

This is part of the blockchain sector and NFT technologies, which is another market that is still in its early stage. As a result, MetaSoccer is targeting three sectors with a $400 billion turnover.

A universe based on the MetaSoccer token: buying and selling assets in the metaverse

MetaSoccer users own their assets on the gaming platform (teams, stadiums, players, etc.) and transactions are made with the MetaSoccer Universe (MSU) token.

They have the ability to create and lead their own teams and generate revenue while playing. It closely resembles real clubs because the user can generate income through their assets, by renting their stadiums, or by selling players. Another way that the user has to raise funds is through the sponsorship of their club. 

In addition, managers can also train their players to improve, trying to achieve their maximum performance. At the same time, players age and eventually retire.

At the moment, MetaSoccer has sold 72 million MSU in a private pre-sale and 18 million in a public pre-sale.  The public sale of its token will be on December 7th through the DAO Maker platform. Additionally, the NFT drop sale will take place on December 25 on the MetaSoccer marketplace.

About MetaSoccer

Metassoccer is an earn-to-play alternative football universe developed primarily on the blockchain.  The video game was born with the intention of being the starting point of a new paradigm in the football ecosystem, decentralized and of which it is an active part in many ways. This universe is a combination of 3 billion-dollar markets with global impact: video games, football and sports betting, all merged by blockchain and NFT technologies. Metassoccer is part of a new generation of video games in which users can earn cryptocurrency through their contributions to the ecosystem. 

More information at: https://metasoccer.com