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Grayscale Bitcoin Fund up 25% this year, but discount still killing investors
Key Takeaways GBTC Fund is up 25% since the start of the year, compared to a 4% rise in the underlying asset, Bitcoin The discount is now back to where it was prior to the FTX collapse, at 37% The discount had hit an all-time high of 50% only four weeks ago The largest…
Bitcoin could tank further but you might be excited by this Bloomberg prediction
Bloomberg report projects bullish Bitcoin in 2023 Analysts bank on recession dynamics and central banks’ actions as bull triggers BTC trades on a short-term recovery, with $19,000 in sight Investors may hold their breath, hoping that 2023 will turn out to be a good year for crypto and stocks alike. But even with these hoped-for…
Its the calm before the storm in crypto markets
Key Takeaways Crypto volatility has come down and extreme on-chain activity subsided in period of relative calm Several concerning developments around Genesis, Gemini and DCG are still ongoing, however Volatility could also spark up once the US inflation data is revealed this week Period is reminiscent of the low drama environment pre-FTX in October …
What to expect in crypto ahead of inflation report, as Bitcoin banks eight straight days of gains
Key Takeaways Bitcoin has increased for eight straight days, now up 9.2% on the year Period of low volatility in the crypto markets paired with softer inflation data has sent prices upward Latest CPI report is out Thursday which will trigger volatility and is vitally important for the market following increased optimism over last month…
Argo Blockchain mined 28% fewer bitcoins in December
Argo Blockchain mined 147 bitcoins in December 2022, down from 198 in November. Mining revenue was $2.49 million, compared to $3.46 million during the previous month. Argo sold its Helios facility to Galaxy Digital for $65 million as it looked to avoid nose-diving into bankruptcy. Argo Blockchain, a leading Bitcoin miner that endured a terrible…
Forza Horizon 5 Creative Director, Five Other Playground Staff Start New Studio To Build ‘Premium Open-World Game’
Six Playground Games employees, including the creative director of 2021’s Forza Horizon 5, have left the studio to form their own. This new studio is called Maverick Games and the team there is already working on a new “premium open-world game for consoles and PC,” according to a Eurogamer report. This studio is not connected…
Final Fantasy 16 Producer Naoki Yoshida Isn’t Sure Why People Are Talking About A PC Release
Final Fantasy XVI is due out June 22 exclusively on PlayStation 5, but some fans believe a PC version of the game could release as soon as six months after its console debut. However, FF16 producer Naoki Yoshida isn’t sure why. During a recent Final Fantasy XIV stream, Yoshida, who is a director on that game,…
Dambuster Studios Never Considered Remaking The Original Dead Island 2 Reveal Trailer
The original Dead Island 2 reveal trailer is now an iconic (perhaps infamous) moment in games. It was a great trailer, people were excited, and then fast forward nearly a decade later, and the game is still in development. First revealed back in 2014, Dead Island 2 was in development at Spec Ops: The Line…
Marvel Snap ‘Battle Friends’ PvP Update Coming Later This Month
Get your decks ready because it might finally be time to face off against your friends in Marvel Snap later this month. Marvel Snap has been a resounding success since its release, allowing players to compete against other real-world players with a variety of cards, random locations, and more. Despite the positive reception, one thing…