Valve to expand Steam with blockchain-based service

Posted 22 June, 2018

The leading US video game company – Valve Corporation – has reportedly started developing a blockchain update for its online Steam market. 

With such development, the company plans to monitor the achievements of players, including awards, ranks, discounts for other applications in the store, as stated the source familiar with the matter.

As a result, Valve will collect information about gamers to choose the most perspective to take part in cybersport tournaments, as the media stated.

"Valve wants not only to sell games but to provide the entire life cycle of a player," the report reads.

However, these are just rumours so far, as the company is yet to officially comment on this matter. Nevertheless, Valve is looking for developers and blockchain experts that will probably be involved in the new product launch. 

For reference, Valve expressed intentions to integrate blockchain service back in 2015. Steam stopped accepting Bitcoin for payments due to high transaction costs last year. It was said earlier that the blockchain could propel income of the video gaming industry even above the figures in the film industry in 2018.

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22 June, 2018 14:07

← Tencent and Beijing to jointly stand against blockchain crimes

The leading telecom company – Tencent – has reportedly announced a cooperation with Chinese authorities in the sphere of blockchain security in the country. The vice president of Tencent proclaimed at the China Blockchain Security Forum a creation of the China Blockchain Security Alliance. The new team will reportedly deal with security issues while using blockchain technology. 

Tencent and Beijing to jointly stand against blockchain crimes

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22 June, 2018 10:44

US dollar trimms gains on Friday, while sterling gets support from BOE →

On Friday, the US dollar is no longer on almost a year peak against the majors. The decline is related to investors' interest in taking profit after the hikes. At the same time, the sterling recovered from the bottom driven by unexpected bullish sentiments in the monetary policy of the Central Bank. The US Dollar index decreased to 94.23, while earlier it was recorded at 95.533.

US dollar trimms gains on Friday, while sterling gets support from BOE
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