Data on the most well recognized nonfungible token projects show that key metrics have fallen with floor prices and market capitalization over the past month. “Blue-chip” nonfungible token (NFT) collections have seen their floor prices and market capitalization slide over the past 30 days, with some of the most well-recognized projects halving in value for…
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China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local Regulations China mainland users of the NFT gaming app Stepn will not be able…
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In a move to comply with Chinese regulatory policies, Stepn will be blocking users based in mainland China from its mobile app. The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company’s uncertainty has been fueled by rumors that it will be forced…
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GMT’s downside pressure remains as an analyst calls STEPN a “hype-driven speculative frenzy.” A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the…
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PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over 2 million merchant partners, online and offline, in more than…
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Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest…
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Catch up on the latest funding and partnership news about GameFi and web3 gaming. This week Cointelegraph covers LootRush, Axie Infinity and Polygon Studios. SpongeBob and Warhammer mobile game scores Polygon partnership Free-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 web3 games over the next two…
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A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN. The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite…
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Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain. The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and…
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Following a short-lived move above $4.50 on Wednesday, GMT was once again higher, and traded up by over 20% in today’s session. GRT was another big gainer in Thursday’s session, as it moved to a multi-week high, whilst CAKE rebounded after recent losses. The Graph (GRT) Newly formed GMT was undoubtedly today’s top gainer, climbing…
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