Thanks to its explosive popularity, Axie Infinity is now in the crosshairs of the Philippine government. The incredibly popular (and lucrative) cryptogame has been a lifesaver for many people who have been affected by the pandemic, serving as an alternate (and for many, main) income streams. But as with anything income-related, the Department of […]
There’s no question that Axie Infinity is gaining a lot of popularity in the Philippines for its play-to-earn model. Players can potentially earn a lot of cash in Axie Infinity via SLP or AXS, that the BSP and DoF are looking into regulating SLP and AXS currencies and imposing taxes on earnings made through the […]
Here’s big news all Axie Infinity players need to know right now: since the game involves profits, DoF Undersecretary Antonette Tionko said that earnings from Axie Infinity are subject to tax. In an article by Manila Bulletin, Tionko explained that both their agency and BIR are looking into Axie Infinity especially since the game […]
The Bangko Sentral Ng Pilipinas (BSP) is looking into cryptocurrency-based game Axie Infinity as it explodes in popularity in the Philippines according to an interview given by BSP Deputy Director Of Payment System Oversight Attorney Leah Irao during an interview. While the BSP is still studying Axie Infinity and has no specific guidance as of […]
Axie Infinity is a “play-to-earn” game that lets you earn cryptocurrency in the form of Small Love Potions or SLP. These coins can then be converted to pesos or any local currency. The game has been blowing up locally and internationally due to the possible earnings you can receive from playing the game. However, not […]
Now that we have talked about all the basics you need to know about Axie Infinity and the rather complicated process of cashing in and cashing out your earnings, we tackle one of the bigger questions: is Axie Infinity legit AND a sustainable business model? Beyond the media coverage on how it has helped a […]
Axie Infinity is currently taking the country by storm, with more and more Filipinos joining in looking to make serious bank. If you don’t know what Axie Infinity is, we’ve written an extensive article talking about it already that you can check out here, but to quickly recap, Axie Infinity is a blockchain-based game inspired […]
In the blockchain world, there’s a new term that’s been making waves everywhere. Called NFT (short for non-fungible tokens), it’s been used in selling authenticated copies of artwork, NBA highlights, and even music albums for obscene amounts of money. How obscene? Well, Beeple’s Everydays-The First 5000 Days sold for an absurd amount of $69 million at […]
NVIDIA’s new RTX 3000 series may be impressive pieces of kit for anyone looking to experience the best ray tracing experience available today, but they’re not exactly what you’d call affordable. It seems like NVIDIA agrees with you, as the company has released the most affordable Ampere GPU that has RT capabilities in the form […]
Keybase will provide improved end-to-end encryption to Zoom As part of its 90-day plan in improving the privacy and security of its videoconferencing platform, Zoom acquired secure messaging and file-sharing service Keybase. The acquisition should help Zoom improves its end-to-end encryption as it expands its platform. “This is what Zoom plans to build, giving our […]
Both apps aim to push the Philippines’ Financial Ecosystem FinTech Company Zybi Tech introduced two new products to encourage Filipinos to embrace the digital financial economy with JuanCash and JuanExchange. JuanCash is an eWallet app that helps users in managing finances. It offers features such as bills payment, mobile reloading, and fund transfer services, along […]
It is the social media giant’s first foray to cryptocurrency Facebook marks its entry to digital wallet and cryptocurrency with Calibra and Libra. The former is the social media giant’s digital wallet platform while the latter is its digital currency. Calibra aims to be both a separate app and an added feature for Messenger and […]