China News Daily Official TheBitTimes.com

In an X post published late on Sunday, April 7, the prominent investor and author of the best-selling book ‘ Rich Dad Poor Dad,’ Robert Kiyosaki, gave a strange yet strangely appropriate name for the second Trump administration’s economic policy: the D.O.G.E chainsaw massacre, or, as he put it, ‘DOGE CHAINSAW MASSACRE.’ In the same tweet, Kiyosaki also revealed his strategy for weathering the storm and thriving as it unfolds and after it is over – no matter its eventual impact. Specifically, the author plans to continue building his own ‘standard’ based on Bitcoin (BTC), gold, and silver. Indeed, the prominent investor has been bullish about cryptocurrency and the two commodities for years and has frequently recommended that his followers buy the three assets. In late 2024, Kiyosaki even went as far as to urge his fans to sell their homes to buy BTC. Furthermore, the approach proved rather successful last year, and the focus on the three assets was relatively fru...

The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia. One of the primary benefits of Blockchain Technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a Blockchain network, it cannot be altered, making it an ideal solution for record-keeping.  Tokenized assets, such as nonfungible tokens (NFTs), can also be placed on a blockchain. This can verify ownership while demonstrating that certain events occurred at particular times. For example, the Meta History Museum tokenized data from the war in Ukraine in May 2022, placing the information on a blockchain network to preserve records of the war. Ensuring that specific events take place is also becoming more important than ever due to the rise of artificial intelligence (AI) and its ability to generate deep fakes, along with historical images that may appear realistic. N...

With the Web3 gaming sector often employing unsustainable play-to-earn economic designs, a service economy approachable gamers to earn without having to invest. While 2021 will primarily be remembered for the explosive price appreciation seen across crypto assets and NFTs, blockchain gaming also saw a rapid expansion in user adoption and blossomed into taking up more than 50% of all activity across the blockchain industry. Most of these Web3 games employ a play-to-earn (P2E) economic design where players are rewarded for their time, efforts, and in-game accomplishments. Combining the core gameplay with economic mechanics, most P2E Web3 games rely on rewarding gamers with in-game items in the form of NFTs or with the platform’s native tokens. This model, however, has proven to be highly un sustainable in bear markets and has compelled Web3 gaming entrepreneurs to shift to a hybrid solution involving both NFTs and fungible tokens (FTs). Offering better liquidity on account of fungible...