Google Prepares For Potential Bitcoin ETFs By Easing Crypto Ad Rules
Welcome to today's publication of the Cryptic Crypto Climate newsletter. Your guide to Crypto, Blockchain and more.
Disclaimer: Nothing in this newsletter and any links to outside sources is professional/financial advice and The Cryptic Crypto Climate newsletter is not responsible for any decisions you make.
Greetings, hope you are having an incredible day, are ready to dive into today’s crypto news and will enjoy this issue of the Cryptic Crypto Climate Newsletter.
Markets
Values recorded at 9:19 PM UTC on December 11th 2023 from coinmarketcap.com
Bitcoin - 41,184.04 USD
Ethereum - 2,212.12 USD
BNB - 243.25 USD
XRP - 0.6175 USD
Cardano - 0.5456 USD
Dogecoin - 0.09457 USD
Litecoin - 72.67 USD
Meme Of The Day
Disclaimer: The meme is not financial, professional or legal advice and is not a paid promotion
News
North American Blockchain Gaming Market Set To Reach $600B By 2030
Source: crypto.news
The global blockchain gaming market is projected to reach $614 billion by 2030, showing a robust growth rate of 21.8% annually, driven by regional expansion and the evolution of game types. North America has been a significant contributor, accounting for over $30 billion in 2022, around 24% of the total market. Role-playing games (RPGs) have emerged as the fastest-growing category, representing over 33% of the market in 2022 due to their appeal in integrating special characters and themes into blockchain. While web-based games currently dominate, there's a noticeable shift toward Android-based games, indicating a diversification in player-preferred platforms. Companies like Immutable are innovating to improve user experience, with recent additions like Transak for facilitating purchases. However, a CoinGecko study highlighted the high failure rate (over 75%) of blockchain games launched between 2018 and 2023, indicating the market's volatility and risk. Read More
FIFA’s New Web3 Initiative Offers World Cup Final Tickets
Source: nft.news
FIFA, the global football governing body, is launching a series of digital collectibles that offer unique opportunities to fans. The first 100 in this collection could grant access to tickets for the 2026 World Cup final. This move is part of FIFA's embrace of NFTs, with 900 more collectibles coming to the Polygon network via OpenSea. The switch from Algorand to Polygon coincides with the Club World Cup 2023 and signals FIFA's future use of Polygon for its collectibles. Last year's “FIFA+ Collect” marked their initial step into digital items, now managed by Modex. The CEO of Modex highlighted how these collectibles enhance fan engagement. This initiative is in line with other blockchain-sports connections like OKX's sponsorship of Manchester City, Barcelona FC's NFT releases, and Sorare's partnerships in fantasy sports. FIFA's involvement in metaverse projects and Web3 gaming further solidifies its pioneering role, promising more engaging experiences for sports enthusiasts. Read More
Japan’s SBI Looks To Saudi Aramco As It Continues Middle East Expansion
Source: cointelegraph.com
Japan’s SBI Holdings and Saudi Aramco are exploring collaborations in digital asset investment and semiconductor production. They've signed an MoU, setting the stage for SBI Middle East in Riyadh as their operational base. This partnership could involve joint ventures in digital assets, identifying Japanese startups for expansion into Saudi Arabia, and initiating semiconductor projects in both countries. The alliance's scope is potentially expandable by mutual agreement. Saudi Aramco, the world's second-largest corporation by revenue, mentioned investments complementing its supply chain. While cryptocurrency isn't recognized legally in Saudi Arabia, the government shows interest in Web3. SBI Holdings has been expanding its presence in the Middle East through partnerships like the one with Powerchip Semiconductor Manufacturing in Taiwan. Additionally, it recently formed ventures in the UAE for diverse investments, including DeFi, tokenization, and the metaverse. SBI Holdings, Ripple's major outside shareholder, continues to strengthen ties within the crypto and Web3 sectors, as seen in its recent MoU with Circle to boost USDC circulation and Web3 services in Japan, pending regulatory approval. Read More
Google Prepares For Potential Bitcoin ETFs By Easing Crypto Ad Rules
Source: Shutterstock
Google, a dominant force in online advertising, is revising its crypto ad policies to allow the promotion of "cryptocurrency coin trusts." This change, effective January 29, permits verified advertisers to promote financial products enabling trading in trusts holding significant digital currency pools. Though Google hasn't explicitly defined "trusts" in relation to products like ETFs, this move signals readiness for a future where crypto-based financial products become mainstream. Presently, Google restricts ads related to crypto trading, DeFi, ICOs, and token pools but collaborates with licensed, compliant crypto exchanges. The potential approval of a spot Bitcoin ETF by the SEC, anticipated between January 8 and 10, is a significant shift, with BlackRock's application earlier shaping this landscape. If approved, this ETF could inject $1 trillion into the crypto market, with recent price surges already reflecting optimism around its potential approval. Read More
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Games
Guess The Chart
Chart recorded at 9:27 PM UTC on December 11th 2023 from coinmarketcap.com. Scroll down to the end of the newsletter to find the answer.
Quote Of The Day
“True success is overcoming the fear of being unsuccessful” - Paul Sweeney
More Bubbling News
Former Yuga Labs Founder Addresses Come Back Rumors - Read Here
South Korea To Implement New Regulations On Crypto Exchanges; NFTs Are Exempted - Read Here
FIFA Launches NFT Collection Amid 2023 Club World Cup - Read Here
US Senator Elizabeth Warren Introduces Bill To Crack Down On Crypto - Read Here
Bitcoin's 4% Drop Cools Overheated Funding Rates, Data Show - Read Here
Outro
Thank you for reading today’s publication of the Cryptic Crypto Climate newsletter and that’s it for today. We hope you enjoyed this and learned something new today. Also please feel free to share this newsletter with your friends. Stay tuned for future publications and we hope you have an amazing day.
Guess The Chart Answer: BTC Market Cap Over Past 1 Month
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