Rojin Nair, Advisor
June 1st, 2021
At Incyub8 Inc, Rojin is focusing on nurturing and guiding various national and international start-[...]
Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
South China Morning Post | Zheping Huang | Apr 13, 2019
The world’s biggest gaming market is finally getting a taste of Pokémon Go and CryptoKitties.
Not the original versions but a new title that merges concepts underlying the two games into one, produced by Chinese gaming giant Tencent.
The Shenzhen-based company on Thursday launched its long anticipated augmented reality (AR) game called Let’s Hunt Monsters, where users can cruise around streets and catch hundreds of virtual monsters, while rearing and trading millions of digital kittens stored on a blockchain. That essentially combines what Pokémon Go and CryptoKitties are known for.
Launched about three years ago, Pokémon Go is the most successful mobile title in the Pokémon franchise, with an estimated US$2.5 billion in total revenue, according to data from Sensor Tower. CryptoKitties, meanwhile, is the first viral blockchain game, which upon its release in late 2017 jammed up the ethereum network where it is based with players spending millions of US dollars trading cartoon kittens.
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Both titles have had little or no exposure in China. Pokémon Go’s location-based gameplay is dependent on Google Maps, which is banned in the country. As for CryptoKitties, players essentially need to get ether – the world’s second biggest cryptocurrency after bitcoin – to trade those digital cats, and there is no easy way to do that in China after the government banned cryptocurrency exchanges in 2017.
As of Friday, Let’s Hunt Monsters ranked as the most downloaded free game on China’s iOS App Store, beating in-demand titles like PUBG Mobile and Honour of Kings.
Much like in Pokémon Go, players of Tencent’s new game can flick a ball on their screens to capture virtual creatures while exploring real-world locations – only the monsters in this case are not Pikachus but mythological beasts like dragons and phoenixes. In a separate feature, players will get to summon digital kittens that they can trade with other players on Tencent’s own blockchain platform – in return for in-game credits rather than real money.
Tencent could use Let’s Hunt Monsters as a much needed helping hand to boost its gaming revenue while the company is still waiting for government approvals to monetise two smash-hit shooter games, PUBG and Fortnite.
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IMD | Arturo Bris | Jul 25, 2022 The sharp fall in the value of cryptocurrencies this year is misleading. The underlying blockchain technologies remain truly transformational across a host of business applications – and are at a tipping point for adoption. Regardless of the current price of Bitcoin, digital decision-makers can benefit from understanding how blockchain works and why it matters. Retail investors are enduring a deeply painful year, but there are four major reasons why blockchain technology is likely to continue to flourish and remain a source of value for digital leaders. 1. Blockchain technology is driving major innovation Major innovation in the finance sector (i.e., DeFi) A cryptocurrency is simply a decentralized payment system powered by blockchain technology, which also supports applications including digital wallets, decentralized borrowing and lending, decentralized exchanges, alongside more traditional finance operations. Also driving innovation in many other sectors, ranging from healthcare to shipping and insurance to music. See: Crypto Bridges are Integral to Blockchain Adoption but Vulnerable to Attack Supports large networks that are both decentralized and secure, with the ability to exchange currency or data efficiently. The versatility of blockchain technology means that every business leader can find a use case ...
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Guest Post | Aug 18, 2022 Punto Banco is a casino card game that is very popular among gamblers. It is played in casinos all over the world and is considered to be one of the easiest games to learn. A lot of gamblers like playing this game not less than getting free spins. If you are new to gambling, then you should definitely try Punto Banco. Punto Banco is a very simple game to learn and play. However, it can be quite addictive, and many people find themselves spending hours playing the game. History of Punto Banco The origins of Punto Banco can be traced back to Italy in the 1800s. The game was then known as "banca rossa" or "red bank". It is believed that the game was created by a man named Felix Falguierein, who was a professional gambler from Naples. The game quickly gained popularity in the gambling circles of Italy and eventually spread to other European countries, such as France and Spain. Punto Banco made its way to America in the early 1900s and became one of the most popular casino games in the country. The game really took off in Las Vegas in the ...
Read More
Betakit | Isabelle Kirkwood | Aug 17, 2022 Morrow expects the Bank will begin registering payments service providers in 2024 Of the nearly 700 FinTech companies in Canada, roughly one-fifth offer payment services. All money service businesses in Canada are required to comply with anti-money and anti-terrorist financing regulations, as well as privacy and consumer protection laws. However, FinTech firms handling low-value, electronic payments are not overseen by a dedicated central regulator in Canada in relation to how they manage risks, respond to incidents, and protect user funds. But this reality is starting to change. The Bank of Canada will soon regulate entities facilitating retail payment functions in Canada, including FinTech firms of various sizes, domestic and foreign. See: Bank of Canada: The Latest on Retail Payments Supervision and Survey New retail payment regulations Ron Morrow, executive director of retail payments supervision at the Bank of Canada: They need to know that it’s coming, and they need to be ready for this regime when it comes into force. The Bank’s role as retail payments supervisor evolved out of the federal government’s 2021 budget, which first proposed to create an oversight framework for payments service providers (PSPs), meaning companies that perform ...
Read More
CNBC Make It | Jody Michael | Aug 17, 2022 In my 25-plus years of research as a psychologist, I've found that there are five main mental muscles that all work together to help us increase our emotional intelligence, respond to situations with more resilience, build stronger interpersonal relationships, and thrive in all parts of life. While a good amount of successful people have already mastered these muscles, most people aren't there yet 1. Accountability You'd be surprised at how many people incorrectly think they've already mastered this one. Personal accountability doesn't have to do with everyday actions like showing up for work or taking your kids to baseball practice on time. See: How Entrepreneurs Can Manage Their Mental Health You stop blaming other people and circumstances for how you feel or for what has happened. You fully own your part in your results, even while recognizing other potential contributors to what has unfolded. You own exactly what's yours and you hold others to owning what's theirs. 2. Helpful beliefs Most of us think that our beliefs are truths. But they are actually a set of assumptions, which means that we can experiment with them. We can probe them, challenge ...
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CryptoSlate | Samuel Wan | Aug 16, 2022 Ethereum's Beacon Chain Validators Discuss Censorship Resistance In a recent Twitter poll on Ethereum censorship, Vitalik Buterin revealed that he voted to punish validators complying with censorship requests by burning their staked tokens.The poll was held by software engineer Eric Wall, who asked the Ethereum community if they would burn the staked tokens of validators who comply with censorship requests or “tolerate the censorship” and do nothing. The majority of voters — 62%, including Buterin — opted for the former. Meanwhile, 9% voted to tolerate censorship, and 29% clicked show results. As of press time, several hours remain until the poll closes. See: Canadian cryptocurrency exchanges ordered to cease dealings with convoy-linked accounts Want Institutional Adoption? You Have to Sacrifice Tornado Cash, says Kevin O’Leary Wall’s poll was a response to a tweet from Lefteris Karapetsas, the founder of Rotkiap, a privacy-focused portfolio tracker, who asked five significant Proof-of-Stake validators if they would comply with censorship requests or respond to the request by closing their staking service. Question for @LidoFinance, @coinbase, @krakenfx, @stakedus, @BitcoinSuisseAGIf regulators ask you to censor at the #ethereum protocol level with your validators will you:A) Comply and censor ...
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IMD | Arturo Bris | Jul 25, 2022 The sharp fall in the value of cryptocurrencies this year is misleading. The underlying blockchain technologies remain truly transformational across a host of business applications – and are at a tipping point for adoption. Regardless of the current price of Bitcoin, digital decision-makers can benefit from understanding how blockchain works and why it matters. Retail investors are enduring a deeply painful year, but there are four major reasons why blockchain technology is likely to continue to flourish and remain a source of value for digital leaders. 1. Blockchain technology is driving major innovation Major innovation in the finance sector (i.e., DeFi) A cryptocurrency is simply a decentralized payment system powered by blockchain technology, which also supports applications including digital wallets, decentralized borrowing and lending, decentralized exchanges, alongside more traditional finance operations. Also driving innovation in many other sectors, ranging from healthcare to shipping and insurance to music. See: Crypto Bridges are Integral to Blockchain Adoption but Vulnerable to Attack Supports large networks that are both decentralized and secure, with the ability to exchange currency or data efficiently. The versatility of blockchain technology means that every business leader can find a use case ...
Read More
Read More
CryptoSlate | Samuel Wan | Aug 18, 2022 The Ontario Securities Commission has implemented CAD$30,000 annual buy limits for some Canadians, drawing criticism from across the community. Ethereum co-founder Vitalik Buterin commended community members for speaking out against new Canadian rules limiting crypto buys. Newton: “These changes are to protect crypto investors, like yourself, and to make sure investors are aware of the risks associated with investing in crypto assets.” As well as the annual buy limits, Newton said its users will now be required to complete a trading questionnaire before being allowed to trade. This is to collect information on users’ trading experience, personal financial situation, and risk tolerance. Portfolios will have set loss levels assigned based on the risk tolerance stated in the trading questionnaire. Loss notifications will be sent as the user’s portfolio approaches the loss level indicated. Some social media users pointed out that affected individuals can bypass the rules by loading up on unrestricted tokens, transferring to a decentralized exchange, and swapping into the token of their choice. See: Canadian Securities Regulators Expect Crypto Trading Platforms to Complete Pre-Registration Step Simon Dixon, CEO/Co-founder, BnkToTheFuture.com: If you are doing something silly like Canada best to go ...
Read More
Read More
CNBC via Reuters | Aug 19, 2022 Proactively Clamping Down Asset managers are tightening controls on personal communication tools such as WhatsApp as they join banks in trying to ensure employees play by the rules when they do business with clients remotely. Regulators had already begun to clamp down on the use of unauthorized messaging tools to discuss potentially market-moving matters, but the issue gathered urgency when the pandemic forced more finance staff to work from home in 2020. See: Crypto Payments Report 2022: How digital currencies are revolutionizing commerce, corporates and culture Reuters reported last year the SEC was looking into whether Wall Street banks had adequately documented employees’ work-related communications, and JPMorgan was fined $200 million in December for “widespread” failures. Last month Britain’s Information Commissioner’s Office (ICO), the country’s top data protection watchdog, called for a review of the use of WhatsApp, private emails and other messaging apps by government officials after an investigation found “inadequate data security” during the pandemic. Most of the companies caught in communications and record-keeping probes by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been banks - which have collectively been fined or have set aside more than $1 billion ...
Read More
Read More
Tristram Waye for Bitvo | Aug 18, 2022 What is hedging? Hedging is a strategy used by all sorts of market participants. It is widely used in commodity trading, hedge fund, and portfolio management strategies. And you can use it for crypto trading. Hedging is an instrument for protecting capital gains and avoiding losses. You can think of it like a synthetic insurance policy or a risk management technique that can be used in a variety of trading contexts. It is used extensively by commodity producers and consumers to lock in prices for products to be delivered at some point in the future. Options pros or market makers use hedging to offset the call and put options they sell. Equity traders use option-based hedges to protect up and downside of respective positions. They can also use a replacement strategy for existing positions as a sort of hedge. Large portfolio managers may use a variety of instruments, including index futures, and government securities to protect portfolio downside. See: Expert Tips and Strategies for Crypto Trading While bitcoin is sometimes described as a hedge, there are various instances where bitcoin exposure itself could benefit from hedging. The origin of hedging as an idea is old, ...
Read More
Read More
Montreal Gazette | Frédéric Tomesco | Aug 17, 2022 The Caisse de dépôt et placement du Québec is considering its legal options after writing off its entire US$150-million investment in cryptocurrency lending platform Celsius Network. “Clearly, things didn’t unfold as anticipated,” chief executive officer Charles Emond said Wednesday. “No one at the Caisse, starting with me, is happy with the result in this file. That being said, one shouldn’t lose sight of the fact that this is an exception in our venture capital portfolio, which has performed well,” returning 35 per cent annually over about seven years, he added. See: First day of Celsius’ bankruptcy hearing New Jersey-based Celsius filed for Chapter 11 bankruptcy protection in the U.S. last month following a decision to freeze customer accounts. The Caisse and WestCap led Celsius’s US$400-million investment round in October. A net investment loss of $33.6 billion slashed net assets down to $391.6 billion as of midyear, the Caisse said Wednesday in a statement. The first-half performance still topped that of the Caisse’s benchmark index, which dropped 10.5 per cent. Charles Emond, Caisse CEO: It’s clear that we got in too early, in a sector that was in transition, with a company ...
Read More
Read More
Guest Post | Aug 18, 2022 Punto Banco is a casino card game that is very popular among gamblers. It is played in casinos all over the world and is considered to be one of the easiest games to learn. A lot of gamblers like playing this game not less than getting free spins. If you are new to gambling, then you should definitely try Punto Banco. Punto Banco is a very simple game to learn and play. However, it can be quite addictive, and many people find themselves spending hours playing the game. History of Punto Banco The origins of Punto Banco can be traced back to Italy in the 1800s. The game was then known as "banca rossa" or "red bank". It is believed that the game was created by a man named Felix Falguierein, who was a professional gambler from Naples. The game quickly gained popularity in the gambling circles of Italy and eventually spread to other European countries, such as France and Spain. Punto Banco made its way to America in the early 1900s and became one of the most popular casino games in the country. The game really took off in Las Vegas in the ...
Read More
Read More
Betakit | Isabelle Kirkwood | Aug 17, 2022 Morrow expects the Bank will begin registering payments service providers in 2024 Of the nearly 700 FinTech companies in Canada, roughly one-fifth offer payment services. All money service businesses in Canada are required to comply with anti-money and anti-terrorist financing regulations, as well as privacy and consumer protection laws. However, FinTech firms handling low-value, electronic payments are not overseen by a dedicated central regulator in Canada in relation to how they manage risks, respond to incidents, and protect user funds. But this reality is starting to change. The Bank of Canada will soon regulate entities facilitating retail payment functions in Canada, including FinTech firms of various sizes, domestic and foreign. See: Bank of Canada: The Latest on Retail Payments Supervision and Survey New retail payment regulations Ron Morrow, executive director of retail payments supervision at the Bank of Canada: They need to know that it’s coming, and they need to be ready for this regime when it comes into force. The Bank’s role as retail payments supervisor evolved out of the federal government’s 2021 budget, which first proposed to create an oversight framework for payments service providers (PSPs), meaning companies that perform ...
Read More
Read More
CNBC Make It | Jody Michael | Aug 17, 2022 In my 25-plus years of research as a psychologist, I've found that there are five main mental muscles that all work together to help us increase our emotional intelligence, respond to situations with more resilience, build stronger interpersonal relationships, and thrive in all parts of life. While a good amount of successful people have already mastered these muscles, most people aren't there yet 1. Accountability You'd be surprised at how many people incorrectly think they've already mastered this one. Personal accountability doesn't have to do with everyday actions like showing up for work or taking your kids to baseball practice on time. See: How Entrepreneurs Can Manage Their Mental Health You stop blaming other people and circumstances for how you feel or for what has happened. You fully own your part in your results, even while recognizing other potential contributors to what has unfolded. You own exactly what's yours and you hold others to owning what's theirs. 2. Helpful beliefs Most of us think that our beliefs are truths. But they are actually a set of assumptions, which means that we can experiment with them. We can probe them, challenge ...
Read More
Read More
Aug 17, 2022 If you want to be a successful trader, it is essential that you have a trading strategy in place. A trading strategy will help to ensure that you are making the right decisions when it comes to your trades, and it can also help to keep you disciplined. In this article, we will show you how to build a trading strategy that will bring you results. Here are the steps that you need to follow. 1. Prop trading One of the most important aspects of any trading strategy is to have a clear understanding of what you are trying to achieve. Are you looking to make short-term trades or long-term investments? What kind of risk are you willing to take? These are all important questions that need to be answered before you can start putting together your strategy. To actually become a prop trader, you will need to have a very good understanding of the markets and the assets that you are trading. This means that you will need to spend some time doing research and learning about the different markets. 2. Develop a system Once you know what you want to achieve with your trading, you ...
Read More
Read More
CryptoSlate | Samuel Wan | Aug 16, 2022 Ethereum's Beacon Chain Validators Discuss Censorship Resistance In a recent Twitter poll on Ethereum censorship, Vitalik Buterin revealed that he voted to punish validators complying with censorship requests by burning their staked tokens.The poll was held by software engineer Eric Wall, who asked the Ethereum community if they would burn the staked tokens of validators who comply with censorship requests or “tolerate the censorship” and do nothing. The majority of voters — 62%, including Buterin — opted for the former. Meanwhile, 9% voted to tolerate censorship, and 29% clicked show results. As of press time, several hours remain until the poll closes. See: Canadian cryptocurrency exchanges ordered to cease dealings with convoy-linked accounts Want Institutional Adoption? You Have to Sacrifice Tornado Cash, says Kevin O’Leary Wall’s poll was a response to a tweet from Lefteris Karapetsas, the founder of Rotkiap, a privacy-focused portfolio tracker, who asked five significant Proof-of-Stake validators if they would comply with censorship requests or respond to the request by closing their staking service. Question for @LidoFinance, @coinbase, @krakenfx, @stakedus, @BitcoinSuisseAGIf regulators ask you to censor at the #ethereum protocol level with your validators will you:A) Comply and censor ...
Read More
Read More
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