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Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K

Bitcoin fails to react to a positive PPI print, while Ether gets busy defending the $2,000 mark which it reclaimed for the first time in eight months.

Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K

Bitcoin (BTC) preserved $30,000 support at the April 12 Wall Street open as more United States macroeconomic data boosted bulls.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

PPI hints further inflation drops to come

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,250 on Bitstamp.

Amid a slowdown in volatility, U.S. Producer Price Inflation (PPI) data provided a timely hint that inflation was slowing faster than expected.

Headline PPI came in at 2.7% year-on-year versus market expectations of 3% — an encouraging result for risk assets.

Financial commentary resource The Kobeissi Letter was among those noting that the month-on-month drop in PPI values was the largest since the peak in March 2022.

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Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K

Bitcoin fails to react to a positive PPI print, while Ether gets busy defending the $2,000 mark which it reclaimed for the first time in eight months.

Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K

Bitcoin (BTC) preserved $30,000 support at the April 12 Wall Street open as more United States macroeconomic data boosted bulls.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

PPI hints further inflation drops to come

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,250 on Bitstamp.

Amid a slowdown in volatility, U.S. Producer Price Inflation (PPI) data provided a timely hint that inflation was slowing faster than expected.

Headline PPI came in at 2.7% year-on-year versus market expectations of 3% — an encouraging result for risk assets.

Financial commentary resource The Kobeissi Letter was among those noting that the month-on-month drop in PPI values was the largest since the peak in March 2022.

image

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain game developers are turning to gaming guilds for market research and to enable players to help create better games.

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain gaming guilds are the continuation of an ancient tradition. Guilds have existed since the beginning of capitalism in the fourteenth century. The most popular European artisan guilds were seven major guilds of Florence known as Arti Maggiori, which helped refine and improve crafts and trades from medicine to banking and weaving.

Can blockchain gaming guilds perform a similar role to help refine and improve games and gameplay? We’re in the middle of rapid experimentation to find out. 

Colin Goltra, chief operating officer of Yield Guild Games.

Colin Goltra, chief operating officer of Yield Guild Games — a decentralized autonomous organization — says that similar to the ancient guilds, a gaming guild is a group of players who pool their resources and collaborate to achieve greater rewards. They work with valuable in-game digital assets in games developed by decentralized communities.

As the blockchain gaming sector grows rapidly, guilds have positioned themselves as key entry points for new players, offering unique feedback loops with informative insights into game design, future gameplay and education around blockchain features of games.

Gaming guilds onboard new players

Up to date and accurate research on blockchain gaming guilds appears thin on the ground. According to BreederDAO figures, a Philippine-based blockchain gaming startup, the top 25 guilds had a potential base of 900,000 players by the end of 2021, but only 89,935 scholarships were operating. However today, YGG alone has 30,000 scholarships so those numbers are out of date, but it seems safe to say there is likely still a large untapped base out there. 

Colin Goltra, COO, Yield Guild Games

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain game developers are turning to gaming guilds for market research and to enable players to help create better games.

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain game developers are turning to gaming guilds for market research and to enable players to help create better games.

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain game developers are turning to gaming guilds for market research and to enable players to help create better games.

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain game developers are turning to gaming guilds for market research and to enable players to help create better games.

Why join a blockchain gaming guild? Fun, profit and create better games

Blockchain gaming guilds are the continuation of an ancient tradition. Guilds have existed since the beginning of capitalism in the fourteenth century. The most popular European artisan guilds were seven major guilds of Florence known as Arti Maggiori, which helped refine and improve crafts and trades from medicine to banking and weaving.

Can blockchain gaming guilds perform a similar role to help refine and improve games and gameplay? We’re in the middle of rapid experimentation to find out. 

Colin Goltra, chief operating officer of Yield Guild Games.

Colin Goltra, chief operating officer of Yield Guild Games — a decentralized autonomous organization — says that similar to the ancient guilds, a gaming guild is a group of players who pool their resources and collaborate to achieve greater rewards. They work with valuable in-game digital assets in games developed by decentralized communities.

As the blockchain gaming sector grows rapidly, guilds have positioned themselves as key entry points for new players, offering unique feedback loops with informative insights into game design, future gameplay and education around blockchain features of games.

Gaming guilds onboard new players

Up to date and accurate research on blockchain gaming guilds appears thin on the ground. According to BreederDAO figures, a Philippine-based blockchain gaming startup, the top 25 guilds had a potential base of 900,000 players by the end of 2021, but only 89,935 scholarships were operating. However today, YGG alone has 30,000 scholarships so those numbers are out of date, but it seems safe to say there is likely still a large untapped base out there. 

Colin Goltra, COO, Yield Guild Games

First of many? How Italy’s ChatGPT ban could trigger a wave of AI regulation

A data breach and a lack of transparency led Italy to ban ChatGPT, the popular AI-powered chatbot, sparking a debate on the future of AI regulation and innovation.

Ether price cracks $2K amid staking withdrawals enabled post-Shapella upgrade

Ether (ETH) has crossed the $2,000 mark after the much-awaited Shanghai and Capella upgrade that was implemented into the Ethereum Mainnet.

Ether staking withdrawals: Crypto exchanges set calendar for unstaking

A majority of the validators are withdrawing their staking rewards rather than the whole 32 staked ETH.

Ether staking withdrawals: Crypto exchanges set calendar for unstaking

A majority of the validators are withdrawing their staking rewards rather than the whole 32 staked ETH.

EOS Network lands $60M investment and partnership from DWF Labs

DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption.

ERC-20 tool recovers $150M — Coinbase exec explains how

Will Robinson, vice president of engineering at Coinbase, explains the crypto exchange’s plan to increase its on-chain presence with new tools and the Base network.

ERC-20 tool recovers $150M — Coinbase exec explains how

Will Robinson, vice president of engineering at Coinbase, explains the crypto exchange’s plan to increase its on-chain presence with new tools and the Base network.

ERC-20 tool recovers $150M — Coinbase exec explains how

Will Robinson, vice president of engineering at Coinbase, explains the crypto exchange’s plan to increase its on-chain presence with new tools and the Base network.

Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply

Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade.

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