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By Shikha Singh
Tap-to-Earn Games See User Counts Plunge Despite Crypto Boom.
Tap-to-earn crypto games on Telegram are rapidly losing users, despite a bullish crypto market. Search interest in these games has dropped 80% since June 2024, with titles like Hamster Kombat, Notcoin, and Catizen shedding millions of users.
Players often quit after the first airdrop, with many citing repetitive gameplay, diluted rewards, fraud, and withdrawal difficulties.
Retention rates are low, with some projects retaining as few as 25% of peak users. Developers need to address these issues to regain interest and improve user experience.
Iran Plans To Regulate Crypto To ‘Nullify Sanctions’ Ahead Of Trump’s White House Return.
Iran is shifting toward regulating cryptocurrency rather than restricting it, with plans to harness its benefits while minimizing its negative effects.
The Iranian Minister of Economic Affairs, Abdolnaser Hemmati, announced a regulatory framework focusing on tax compliance and anti-money laundering.
This move coincides with U.S. President-elect Donald Trump’s pro-crypto stance and his appointment of David Sacks as “White House A.I. & Crypto Czar.”
PEPE Price Records New All-Time High Amid Threat Of Profit-Taking.
PEPE has recently reached a new all-time high (ATH), maintaining strong bullish momentum despite some sideways movement in recent weeks.
While investor sentiment leans towards profit-taking—38% of active addresses are in profit—PEPE has managed to hold steady due to continued market enthusiasm.
Technical indicators, such as the Chaikin Money Flow (CMF), show increased buying interest, suggesting potential for further gains.
Australian Fintech Landscape Shrinks, Blockchain, Crypto Take 14% Hit.
In 2024, over 7% of fintech companies in Australia shut down, with the blockchain and cryptocurrency sector facing the most significant decline. The number of independent fintech firms dropped from 800 in 2022 to 767, and 14% of the 60 firms that closed were from the blockchain and crypto space. This sector saw a 14% year-over-year decrease, with only 74 active firms remaining.
The growing interest in artificial intelligence and strategic mergers and acquisitions is partly responsible for the decline. However, KPMG suggests that pro-crypto developments, like the approval of spot Bitcoin ETFs in the U.S., could reverse this trend in 2025, alongside potential interest in alternative investments due to U.S. rate cuts.
CoinDCX’s BitOasis Receives Full Crypto License in Dubai.
Following its acquisition by India’s CoinDCX in July 2024, Dubai-based cryptocurrency platform BitOasis obtained a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
This license allows BitOasis to offer a full range of crypto trading services in the UAE and strengthens its position in the Middle East and North Africa (MENA) region.
BitOasis had previously received provisional approval from VARA in 2022 and faced a brief suspension in 2023 due to non-compliance with regulatory deadlines.
With the new license, BitOasis can enhance its existing services and pursue further regulatory approvals. The company currently serves users across several MENA countries, offering trading in over 60 cryptocurrencies.
Magic Eden Partnered with MoonPay for Easy Crypto Purchases.
Magic Eden, a leading NFT marketplace, has partnered with MoonPay to make crypto purchases easier. The new “Top Up” feature allows users to quickly add funds to their crypto wallets using fiat payments, such as credit cards, debit cards, or Apple Pay, eliminating the need to leave the platform. This simplifies the process of buying NFTs with popular cryptocurrencies like Bitcoin and Ethereum.
In addition, Magic Eden has introduced improved support for collaborative NFTs (cNFTs), including features like collection auto-listing, collection offers, and direct selling into bids. These updates streamline the trading process, making it faster and more convenient for creators and collectors.
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