Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Compete

DAAPrivacyRightIcon
Product Reviews

Epic will let Fortnite creators sell in-game items in latest attempt to compete with Roblox

by admin September 18, 2025


Creators building experiences in Fortnite are getting a new way to earn revenue. Epic says developers will soon have the ability to make and sell in-game items in Fortnite, and earn a cut of the V-Bucks users spend to buy them. Previously, developers only earned money through Fortnite based on the amount of time users spent on their “islands,” the in-game name for third-party experiences creators can offer through Fortnite.

Developers will be able to create their consumable and durable in-game items using soon-to-be-released tools in Unreal Editor for Fortnite and a new “Verse-based API,” according to Epic. The company also plans to be generous with the revenue split its offering, at least at first. Developers “will ordinarily earn 50 percent of the V-Bucks value from sales in their islands,” but from December 2025 through the end of 2026, they’ll get to keep 100 percent.

Epic says its 50 percent cut — notably more than the 30 percent popularized by Apple’s App Store — is to help “contribute to server hosting costs, safety and moderation costs, R&D and other operating expenses” of running Fortnite. It’s also a make-good of sorts, since Epic claims it’s been “investing and operating the business at a loss.”

How much 100 percent or 50 percent of “V-Bucks value” actually equals in real money unfortunately isn’t as simple as converting Fortnite’s digital currency to dollars, though. Epic offers the following explanation for how it calculates V-Bucks value:

To determine the V-Bucks value in US dollars in a given month, we take all customer real-money spending to purchase V-Bucks (converted to US Dollars), subtract platform and store fees (ranging from 12 percent on Epic Games Store to 30 percent on current consoles), and divide it by the total V-Bucks spent by players. Fortnite’s average platform and store fees are currently 26 percent (with specific fees ranging from 12 percent on the Epic Games Store to 30 percent on console platforms). So, 50 percent of V-Bucks value translates to ~37 percent of retail spending, and 100 percent of V-Bucks value translates to ~74 percent.

Alongside the new ability to create in-game items, Epic says Fortnite developers will be able to pay to be featured in a new “Sponsored row” inside Fortnite‘s Discover feed. And to better engage new and returning players, developers are also getting access to new tools for creating community forums and sharing updates on their islands.

All of these changes are in service of further extending Fortnite‘s ability to act as a platform for games and social experiences, rather than just a battle royale game (with racing, rhythm game and LEGO spin-offs). Epic clearly wants Fortnite to be Roblox, and reap the benefits of having an active community of adult and child users creating experiences for its platform. Cultivating that audience has led to all sorts of child safety problems for Roblox, but Epic clearly views the risks to be worth it.



Source link

September 18, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Stablecoins Must Offer Yield to Compete: Former Standard Chartered Tokenization Head

by admin September 9, 2025



In brief

  • Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market.
  • The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements.
  • Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system.

The clash between Wall Street and the crypto sector over yield-bearing stablecoins is intensifying in Washington.

The stablecoin industry needs more options for offering yield to users, according to Will Beeson, founder and CEO of RWA liquidity layer Multiliquid and Uniform Labs, and former head of tokenized asset infrastructure at Standard Chartered.

“In a competitive market with others issuing their own stablecoins, you end up in a situation where you’re looking for ways to incentivize users to use your stablecoin,” Beeson told Decrypt. “The ability to pay yield would be an important way to do that.”

The GENIUS Act and stablecoin yields

Beeson’s comments come as the federal government implements the GENIUS Act, legislation signed by President Donald Trump in July to create the first formal U.S. framework for stablecoin issuance and trading. While the law bars issuers from paying yield, it stops short of banning third parties such as exchanges from offering interest or rewards on stablecoin holdings.

For instance, crypto exchange Coinbase pays interest on USDC balances held on its platform in Circle’s stablecoin USDC, effectively offering yield through a third party.

“What is prohibited under GENIUS is the ability for stablecoin issuers to pay interest or yield directly to holders,” Beeson explained. “The bill does not prevent intermediaries or third parties from paying incentives.”

That gap has become the flashpoint of a lobbying battle. “My understanding is that it has to do with requests by the banking lobby as the regulation was structured, and fears about yield-bearing stablecoins effectively providing a much more attractive savings tool than lower-yielding bank deposits,” Beeson said.



Banks have pressed Congress to close the door completely. In an August 12 letter, the Bank Policy Institute and four other major trade groups warned lawmakers that leaving the so-called loophole intact could drain as much as $6.6 trillion from the U.S. deposit system.

“Without an explicit prohibition applying to exchanges, which act as a distribution channel for stablecoin issuers or business affiliates, the requirements in the GENIUS Act can be easily evaded and undermined by allowing payment of interest indirectly to holders of stablecoins,” it said.

“The result will be greater deposit flight risk, especially in times of stress, that will undermine credit creation throughout the economy,” the BPI’s letter argued, adding that the resulting reduction in credit supply would lead to “higher interest rates, fewer loans, and increased costs for Main Street businesses and households.”

Crypto groups fight back

Crypto groups have fought back. On August 20, the Blockchain Association and the Crypto Council for Innovation sent their own letter urging regulators to resist bank pressure and disputing the $6.6 trillion claim. “This claim does not hold up to scrutiny,” the letter read.

Cutting off yield, they warned, would freeze innovation and leave U.S. firms at a disadvantage internationally. “Allowing responsible, robustly regulated platforms to share benefits with customers is not a loophole – it is a feature that promotes financial inclusion, fosters innovation, and ensures American leadership in the next generation of payments,” they said.

Still, Beeson said expectations for any near-term change to the law should be tempered. “I think realistically it’s less than a fifty percent chance,” he said, pointing to Washington’s legislative gridlock.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

September 9, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

Upbit Unveils Ethereum Layer 2 ‘GIWA’ To Compete In Infrastructure Race

by admin September 9, 2025



Upbit, South Korea’s largest exchange by volume, confirmed plans on Tuesday to launch its own Ethereum Layer 2 network, GIWA, as part of a broader infrastructure push, a month after trademark filings hinted at the project.

Shortly before the confirmation, Dunamu CEO Oh Kyung-seok teased details of the project in a keynote speech at the Upbit Developer Conference, saying South Korea “can aggressively compete in the global financial infrastructure race, extending beyond Asia,” according to a rough translation of a company tweet.

Citing the approval of the first U.S. Bitcoin ETF last year and the signing of landmark stablecoin legislation into law, Oh added that digital assets are “not a bubble but the result of evolution.”



While blockchain development has advanced in markets like the U.S. and Singapore, “the Korean market remains largely sidelined,” a representative for the company told Decrypt. 

“Dunamu hopes that more domestic developers will build innovative blockchain services on GIWA, enter the Web3 ecosystem, and avoid being excluded from the global market,” the representative said.

GIWA will follow a phased decentralization roadmap, with stablecoin plans dependent on pending Korean regulation, Decrypt was told. The network is designed to offer scalability through Optimistic Rollups, privacy features with verified liquidity from Upbit’s market data, and a mobile wallet for assets, NFTs, and dApps. 

The confirmation follows trademark filings on August 8 from Dunamu Inc., the operator behind Upbit. A Sepolia testnet for the layer-2 chain is now live.

“Although still in testnet, Giwa represents an important step in expanding opportunities for both Korean and global builders,” Rei Nam, chief technology officer at Lambda256, Dunamu’s blockchain technology arm and subsidiary, told Decrypt, adding that their team has supported “Giwa Chain from its earliest stage,” to help “new services and ideas emerge from it.”

Diversification play

GIWA is built on Optimism’s OP Stack, with its public testnet targeting one-second block times. A dedicated GIWA Wallet application is in development, per details on its official documentation.

Analysts say the network’s design raises familiar questions around centralization.

Like Coinbase’s Base, GIWA is expected to begin with a single sequencer under operator control, a model that can give exchanges significant influence over transaction ordering and potential maximal extractable value (MEV) capture. 

In Ethereum-based Layer 2 networks, a sequencer orders transactions, groups them into batches, and submits them back to Ethereum for settlement. 

Earlier this month, a regulatory report cautioned that exchange-operated Layer 2 networks could in practice function as trading venues, raising questions over whether similar scrutiny may extend to Asia.

Similar to Upbit, large exchanges such as Coinbase in the U.S. also have “centralized sequencer issues,” Jay Jo, senior analyst at Seoul-based Tiger Research, told Decrypt. “Both Coinbase and Upbit focus more on financial infrastructure innovation and utility than decentralization. They’ll likely operate similarly.”

“Sure, Upbit tried diversifying with Levvels, NFTs, and overseas exchanges in Thailand and Indonesia. Most failed,” he said.

Still, even if those have failed and regulatory risks exist, Upbit “operates under the direct supervision of Korean authorities,” Jo said, noting that the crypto exchange had likely reached some agreements with regulators before moving forward with GIWA.

Given this, Upbit would need “growth drivers since domestic volumes declined after 2021 and competition keeps intensifying,” he said, adding that fee-based models have clear limits, because previous attempts at revenue diversification have failed to deliver.

Building its own chain could leverage its advantages, Jo said, pointing to a “massive user base and liquidity” for Upbit.

“This might be their most realistic diversification play.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

September 9, 2025 0 comments
0 FacebookTwitterPinterestEmail
Boxing legends Tyson, Mayweather Jr. to compete in exhibition
Esports

Boxing legends Tyson, Mayweather Jr. to compete in exhibition

by admin September 5, 2025


  • Andreas HaleSep 4, 2025, 08:37 PM ET

    Close

      Andreas Hale is a combat sports reporter at ESPN. Andreas covers MMA, boxing and pro wrestling. In Andreas’ free time, he plays video games, obsesses over music and is a White Sox and 49ers fan. He is also a host for Sirius XM’s Fight Nation. Before joining ESPN, Andreas was a senior writer at DAZN and Sporting News. He started his career as a music journalist for outlets including HipHopDX, The Grammys and Jay-Z’s Life+Times. He is also an NAACP Image Award-nominated filmmaker as a producer for the animated short film “Bridges” in 2024.

Boxing legends Mike Tyson and Floyd Mayweather Jr. agreed to compete in an exhibition match next spring. The event will be put on by CSI Sports/Fight Sports, but details regarding a location, date and where the fight will be broadcast have yet to be determined.

“I’ve been doing this for 30 years, and there hasn’t been a single fighter that can tarnish my legacy,” Mayweather (50-0, 27 KOs) said in a news release. “You already know that if I am going to do something, it’s going to be big and it’s going to be legendary. I’m the best in the business of boxing. This exhibition will give the fans what they want.”

Mayweather, 48, retired after knocking out MMA superstar Conor McGregor in 2017. He has since competed in eight exhibition fights, with his most recent against John Gotti III in August 2024.

Editor’s Picks

2 Related

Though his bout with Logan Paul was the biggest of his exhibitions to this point, stepping into the ring with former heavyweight champion Tyson (59-7, 44 KOs) is certain to dwarf his previous engagements.

Tyson, 59, last competed in a professional boxing match against Jake Paul in November 2024 at AT&T Stadium in Arlington, Texas. It was the first time the former heavyweight champion had competed in nearly two decades. The event was a massive success, with 65 million concurrent viewers on Netflix, making it the most-streamed sporting event ever. Tyson lost a unanimous decision to Paul and was far from his devastating form during his heyday.

Tyson recently told ESPN that he had interest in competing in another fight if the right opportunity presented itself.

“When CSI came to me about stepping in the ring with Floyd Mayweather, I thought, ‘No way this happens,’ but Floyd said yes,” Tyson said. “This fight is something neither the world nor I ever thought would or could happen. However, boxing has entered a new era of the unpredictable — and this fight is as unpredictable as it gets.

“I still can’t believe Floyd wants to really do this. It’s going to be detrimental to his health, but he wants to do it, so it’s signed and it’s happening!”

Tyson weighed 228.4 pounds in his fight against Paul; Mayweather tipped the scales at 160.8 pounds against Gotti.

“Mike Tyson and Floyd Mayweather are two of the most compelling names and personalities, with lasting legacies, in all of sports. They are 21st-century icons,” said Richard and Craig Miele, co-founders of CSI Sports/Fight Sports. “Tyson vs. Mayweather will break every broadcast, streaming and economic record set by Mike Tyson in 2024. We are planning a robust promotional campaign complete with weekly premium storytelling and worldwide marketing reach. The event itself will be in a world-class venue and be presented to a global audience with new in-ring technology elements that will reshape how boxing is presented, and scoring is achieved, for years to come.”

Details regarding the number of rounds, weight and more will be revealed at a later date.



Source link

September 5, 2025 0 comments
0 FacebookTwitterPinterestEmail
Cz Urges Hong Kong To Act Fast To Compete As Global Crypto Hub
GameFi Guides

CZ Urges Hong Kong to Act Fast to Compete as Global Crypto Hub

by admin August 29, 2025



Chanpeng Zhao, also known as CZ, Co-Founder and largest shareholder of cryptocurrency exchange Binance, believes that Hong Kong has the potential to become a hub for digital assets, if it moves quickly. 

In a recent interview with the South China Morning Post, CZ emphasized that the region has all the potential to rival the US and the UAE in the crypto space, but warned that regulatory inertia could hold it back.

“We shouldn’t evaluate a place’s future potential based on its current status,” CZ said. “We should assess it based on the speed of change.”

Zhao urged Hong Kong authorities to open up faster, especially by allowing more cryptocurrencies to be traded on licensed exchanges. Currently, only four, Bitcoin (BTC), Ether (ETH), Avalanche (AVAX), and Chainlink (LINK), are approved. He argued that this limited selection was “not enough,” suggesting Hong Kong adopt a model like Japan’s, where exchanges have more freedom in deciding which tokens to list.

“There’s nothing magical about what the US, the UAE, or other countries are doing,” he added. “Maybe tomorrow, there could be a meeting in Hong Kong where [officials] say, ‘Look, we’re going to change some things.’”

CZ, who also regularly advises regulators around the world, described Hong Kong’s current crypto framework as overly cautious. He shared that while he does understand this stance, he believes it could slow progress. “When going from no regulation to regulation … most regulators would tend to err on the cautious side.”

This caution is evident in Hong Kong’s new stablecoin rules, which came into effect on August 1. The regulations impose strict controls around reserves, anti-money laundering, and user verification, causing some industry hesitation.

Cz’s Post-Binance Journey: From Prison to Blockchain Mentorship

Cz resigned as Binance CEO in 2023 after pleading guilty to US money laundering charges. He was imprisoned for four months and was released in September 2024. Despite past legal troubles he remains active in the space, focusing on mentorship and supporting BNB-Chain, an ecosystem now powering over 4,000 blockchain projects.

Though CZ holds a significant share of BNB tokens, he said he doesn’t own equity in most BNB Chain projects. He sees blockchain as still in its early days, comparing its development to the internet in 2000. He believes wider adoption will come as AI-driven tools become commonplace in daily life.

Meanwhile, despite being enthusiastic about crypto’s future, in the same interview, CZ offered a cautionary note on applying old-world terms to new technologies: “If we use an old term like ‘banking’ to describe a new industry, we need to be careful.”

Also Read: ARK Invest Doubles Down on Ethereum, Buys $15.6M Bitmine Shares



Source link

August 29, 2025 0 comments
0 FacebookTwitterPinterestEmail
Crypto
GameFi Guides

Crypto Industry Urges National Stablecoin Plan For The United Kingdom To Compete With US

by admin August 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent open letter to Finance Minister Rachel Reeves, figures from the cryptocurrency industry are calling for the United Kingdom (UK) to develop a national stablecoin strategy, seen as essential for positioning the UK at the forefront of the digital asset landscape.

This comes after the US positioned itself to capitalize on the growing adoption of digital assets through pro-crypto legislation, fulfilling President Donald Trump’s mission to establish the country as the crypto capital of the world.

UK’s Crypto Sector At Risk?

The letter, which garnered support from 30 industry players, emphasizes the need for a proactive and coordinated approach to dollar-pegged cryptocurrencies. It argues that they should not be viewed merely as potential risks but as integral components of a financial infrastructure that can be responsibly embraced. 

The letter highlights that the United Kingdom must act swiftly to ensure it remains competitive with countries like the United States, which have taken significant steps to integrate stablecoins into their financial systems with the passage of the GENIUS Act.

Industry players have voiced concerns regarding the UK’s current regulatory stance on stablecoins, suggesting that it places the nation’s crypto sector at a disadvantage. 

One of the primary issues is the legal classification of stablecoins as “crypto-assets with reference to fiat currency.” Critics argue that this definition focuses too much on the form rather than the function of stablecoins, likening it to defining a cheque solely as paper that references currency. 

The establishment of a national stablecoin strategy could enhance the UK’s status as a global financial center, they assert, and generate new revenue streams, particularly in fees and foreign exchange, while also supporting demand for government bonds.

The Key To Unlocking Stablecoin Potential

The letter received endorsements from executives and firms such as crypto exchange Coinbase, Kraken, Copper, Fireblocks, BitGo, and asset manager and crypto exchange-traded fund (ETF) issuer VanEck.

Daragh Maher, HSBC’s head of digital assets research, has highlighted the potential of stablecoins to bridge the gap between traditional finance and the digital asset world. 

He described them as the cash equivalent of digital assets, serving as a foundational currency for almost all crypto transactions. Maher also pointed out that stablecoins can facilitate money transfers using blockchain technology, offering a modern alternative for the UK financial system.

Despite their potential, regulatory hurdles remain a significant barrier to the widespread adoption of stablecoins. Maher emphasized that creating a suitable regulatory environment is crucial for unlocking the full potential of stablecoins in the UK.

The daily chart shows the total crypto market cap valuation at $3.81 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

August 21, 2025 0 comments
0 FacebookTwitterPinterestEmail

Categories

  • Crypto Trends (1,098)
  • Esports (800)
  • Game Reviews (757)
  • Game Updates (906)
  • GameFi Guides (1,058)
  • Gaming Gear (960)
  • NFT Gaming (1,079)
  • Product Reviews (960)

Recent Posts

  • Battlefield 6 Review – Battle Ready
  • Battlefield 6 review – the best entry in ages, when it’s actually being Battlefield
  • ASUS TUF Gaming Laptop (NVIDIA RTX 4050) Still at an All-Time Low With Hundreds Off, but Returning to Full Price Soon
  • Absolum Review – A Sleeper Hit
  • Little Nightmares 3 review | Rock Paper Shotgun

Recent Posts

  • Battlefield 6 Review – Battle Ready

    October 9, 2025
  • Battlefield 6 review – the best entry in ages, when it’s actually being Battlefield

    October 9, 2025
  • ASUS TUF Gaming Laptop (NVIDIA RTX 4050) Still at an All-Time Low With Hundreds Off, but Returning to Full Price Soon

    October 9, 2025
  • Absolum Review – A Sleeper Hit

    October 9, 2025
  • Little Nightmares 3 review | Rock Paper Shotgun

    October 9, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Battlefield 6 Review – Battle Ready

    October 9, 2025
  • Battlefield 6 review – the best entry in ages, when it’s actually being Battlefield

    October 9, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close