Greetings! Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. Today, we will delve into the insights shared by the CEO of Blum regarding gamers of tap-to-earn apps.
Let’s take a look at the most recent crypto news within the past 24 hours.
Market Analysis and Updates 📈
Here are the key highlights of the day in the crypto world:
Crypto Price Update:
– Bitcoin (BTC): $57,169.96, showing a 1.2% increase over the last 24 hours.
– Ethereum (ETH): $2,409.32, up by 1.4% in the last 24 hours.
– Solana (SOL): $132.70, up by 4.3% compared to the previous day.
Trending Coins Update:
– Huobi: $0.4534, with a 55.5% increase compared to the previous day.
– Ethervista: $34.07, up by 52.9% in the last 24 hours.
– Toncoin: $4.57, showing a 4.8% decrease compared to the previous day.
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Feature News: Blum CEO: 50% of Telegram Tap-to-Earn Gamers Are New to Crypto
Gleb Kostarev, the CEO of Blum and former Binance executive, revealed that 50% of players in Telegram’s tap-to-earn games have never previously engaged with crypto. This signifies a significant influx of newcomers to the crypto space through gaming platforms.
Why is this significant?
– Telegram could potentially drive mass adoption of crypto by introducing it to millions of new users.
– However, there’s a crucial need for enhanced education to guide new users in avoiding scams and navigating the crypto landscape securely.
DeFi and Telegram:
Telegram holds the potential to expand decentralized finance (DeFi) by circumventing limitations imposed by tech giants like Apple and Google, which constrain crypto and NFT utilization on mobile apps. Kostarev highlighted that 80% of users access exchanges via mobile devices, yet DeFi growth has been impeded by these policy restrictions.
Nonetheless, while Telegram could pave the way for broader crypto and DeFi accessibility, the platform is currently under scrutiny with the recent arrest of its founder Pavel Durov in France for allegedly permitting unlawful activities on the app.
For more updates on Philippine Crypto News and other pertinent updates, stay tuned to BitPinas for the latest developments in the crypto and blockchain space.
