Coinbase 'Free Bitcoin' Super Bowl Ad Causes Site to Briefly Crash
Good Morning FinTech, 14 February
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Here is a quick summary of the financial markets including Crypto and Gold:-
Coinbase 'Free Bitcoin' Super Bowl Ad Causes Site to Briefly Crash
Coinbase's bold QR-code ad led to a free Bitcoin promotion that was so popular it crashed the site.
Coinbase made the first big crypto splash during this year's Super Bowl after the company aired a bold commercial that consisted of nothing but a QR code floating around the screen for 60 seconds.
The ad also quickly flashed a Coinbase URL at the end, leading to a website displaying a promotion for $15 in free Bitcoin for new customers who sign up in the next two days.
Bitcoin, Stock Prices Fall as Russia-Ukraine Tensions and Inflation Spook Markets
Ethereum, Solana and the rest of the altcoin market is leading the tumble in prices.
Cryptocurrency markets dropped late Friday—along with U.S. stocks—as investors dumped riskier assets amid fears Russia could invade Ukraine.
Bitcoin, the largest cryptocurrency by market cap, was down nearly 4% in the past 24 hours, according to CoinMarketCap. It was trading for $42,469.06 at the time of writing.
But the altcoin market was what took the biggest beating. Solana, the eighth largest cryptocurrency by market cap, was down 10%, priced at $98.02.
Ethereum, the second largest cryptocurrency, also tumbled: down 5.6% in 24 hours at $2,932.73.
Pre-orders of Samsung’s New Galaxy S22 Smartphone to Come With NFTs
The launch of Samsung’s flagship devices is accompanied by a commemorative NFT from Theta Network for consumers who pre-ordered in South Korea.
Here's one way to max leverage publicity around the launch of your keystone product: Throw in an NFT.
And that's just what Samsung has done, at least for consumers in South Korea. In partnership with crypto project Theta Labs, the electronics company will dole out commemorative non-fungible tokens (NFTs) to people who have pre-ordered either the Galaxy S22 smartphone or the new Tablet S8.
The NFTs reportedly come equipped with "ongoing membership benefits and privileges," according to CEO and co-founder of Theta Labs, Mitch Liu.
Bitcoin Hashrate Hits New All-Time High Amid Bearish Macro Signals
The Bitcoin network’s hash rate has exploded to a new record high over the weekend, making the network as robust as ever.
Bitcoin’s (BTC) hashrate recorded its biggest increase of the year on Saturday, jumping from 188.40 exahashes per second (EH/s) to a new all-time high of 248.11 EH/s in just one day, according to data from Blockchain.com.
Despite the value dropping to 209.63 EH/s on Sunday, the world’s leading blockchain network is now as secure as ever.
Play-to-Earn Ethereum NFT Game Axie Infinity Nears Free-to-Play Shift
Axie Infinity will add free “starter monsters” to help onboard new players, while also launching an overhauled battle system.
Axie Infinity will add free in-game “starter monsters” so that new users can play without buying NFTs.
The feature will launch alongside a new battle system in a gradual rollout beginning by the end of Q1 2022.
Axie Infinity is the biggest play-to-earn game on the market, with more than 2 million daily active users, but it requires an upfront investment into NFTs to play—and developer Sky Mavis wants to reach many, many more players. That’s why it will soon launch free “starter monsters” in the game to give new users a taste before they spend any cash.
YouTube Post of the Week
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