Biomutant players will need to upgrade their crowbar in order to uncover more caches in the world.
The crowbar is one of the first items players receive upon starting out in Biomutant—a good decision by developer Experiment 101, as players need this item to unlock treasures and items throughout the world. The crowbar can be used to pry open certain treasure caches or locked doors. Basically, if you want to experience every inch of the landscape in-game, you’ll need to keep your crowbar handy.
Players can upgrade their Crowbar to level 2 by visiting an NPC named Pebble and completing a quest for him. Pebble hangs out in Knack Hill and lives in a small cave between the Sknapptrutt Outpost and western Deadzone.
After a brief conversation, Pebble will give players the “Prioritizing Pebble” quest which requires players to travel three different climbing routes. Fortunately, these routes are pretty lowkey and tend to be straightforward. There likely won’t be a need for any serious combat.
Once all three routes have been explored, players should return to Pebble. He will thank the player and upgrade the crowbar in an act of gratitude.
Biomutant is currently available on the PlayStation 4, Xbox One, and PC. More information about the game can be found on its website.
Visa to acquire Swedish open banking firm Tink for €1.8 billion
Card giant Visa is set to acquire Tink, the Swedish open banking platform, in a deal worth €1.8 billion (roughly $2.15 billion).
The news comes less than six months after the termination of Visa’s planned $5.3 billion acquisition of Plaid, the San Francisco-based fintech firm – a deal that had encountered significant opposition to the deal from the U.S. Department of Justice.
Like Plaid, Tink’s platform allows customers to connect with more than 3,400 banks and financial institutions to access aggregated financial data, helping them to build innovative personal finance tools.
“Visa is committed to doing all we can to foster innovation and empower consumers in support of Europe’s open banking goals,” said Al Kelly, CEO and chairman of Visa. “By bringing together Visa’s network of networks and Tink’s open banking capabilities we will deliver increased value to European consumers and businesses with tools to make their financial lives more simple, reliable and secure.”
As part of the Visa deal, Tink will retain its brand and current management team, as well as its headquarters in Stockholm, Sweden.
Tink last raised money in December 2020, when it secured €85 million (roughly $101.5 million) in a round led by Dawn Capital and Eurazeo Growth.
The €1.8 billion transaction, which includes cash and retention incentives, is subject to approval from regulators. Visa will fund the deal in cash.
Active Bitcoin Addresses Reach the Lowest Level in 12 Months
BTC traders remain uncertain about the price action due to the latest market volatility.
Bitcoin network activity has decreased significantly due to the recent price volatility. The world’s largest cryptocurrency dropped below $29,000 earlier this week but posted a strong recovery yesterday after BTC jumped above $34,000. However, bearish market sentiment returned in the last 24 hours as Bitcoin dropped below $32,500.
According to the latest data published by Santiment, the crypto analytics platform, the total number of active Bitcoin addresses dropped below 900,000 in June 2021, the lowest level since July 2020.
“Bitcoin is back at $32.4k after a rebound above a $34.6k high Wednesday. What remains to be seen is an uptick in address activity. On the 30-day rolling scale of daily active address scale, July 13, 2020, was the last time the BTC network was this low,” Santiment mentioned.
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Earlier this week, Finance Magnates reported about the surge in liquidations across the crypto market due to the recent dip in Bitcoin and other digital currencies. During the last few weeks, Bitcoin-related investment products saw significant outflows. According to the latest report published by CoinShares, nearly $89 million worth of investment left BTC investment products last week.
Despite the latest rebound in BTC and other cryptocurrency assets, traders remained uncertain about the future price action of the world’s most valuable digital asset. “Bitcoin’s fear, uncertainty, and doubt (FUD) remain high, as traders are polarized on whether prices can push back below $30k again. For now, though, prices have jumped back on crowd fear. Markets move in the opposite direction of crowd expectation,” Santiment highlighted on Twitter. The total market cap of BTC is currently hovering at around $600 billion. During the last 24 hours, Bitcoin’s crypto market dominance dropped nearly 1% after the latest surge in digital currencies like Dogecoin (DOGE) and XRP.
Earlier this week, Jim Cramer, an American television personality and the host of CNBC’s Mad Money, expressed his concerns regarding China’s Bitcoin mining crackdown announcement and mentioned that he has dumped his Bitcoin holdings.
Bank for International Settlements backs Central Bank Digital Currencies
The BIS, which is often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be.
It estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters.
The momentum comes as usage of physical cash has fallen in the wake of online e-commerce portals and pandemic-induced lockdowns.
The big bankers also see decentralized currencies such as Bitcoin and “Big Tech” as a threat, especially the likes of Facebook and its plans for its own cryptocurrency Diem, formerly known as Libra.
Head of the Innovation Hub at BIS, Benoît Cœuré, warned that without CBDCs, digital money would become increasingly dominated by big tech firms. Describing the scenario as a loss of control of sovereign money, he added:
“That is a place where you don’t want to be, where governments don’t want to be,”
China Leading CBDC Race
According to the report, The Bahamas became the first country to officially launch a general purpose CBDC, known as the Sand Dollar, in October.
China is well on the way to becoming the second.
Earlier this month, Chinese authorities hand out $6.2 million in digital currency to citizens of Beijing for a trial of its digital currency/electronic payments (DCEP) platform.
The Beijing Local Financial Supervision and Administration Bureau allowed citizens to apply for the handout by using two banking applications. The giveaway was part of a lottery system using “red packets” valued at 200 Yuan a piece (around $30).
The southwestern city of Chengdu handed out around 40 million Yuan in digital currency in February this year. Shenzhen also completed a digital currency trial in October 2020.
China also has plans to expand the trials with foreign visitors at the 2022 Beijing Winter Olympics.
More Study, More Regulation
While China forges on, governments in the West are dragging their feet over regulatory woes.
Earlier this month, Republican Maxine Waters announced a task force on Financial Technology that will study cryptocurrencies and CDBCs and their impact on the U.S. economy.
In April, CryptoPotato cited a PwC report that revealed 70% of the world’s central banks are “nowhere near” launching their own CBDCs.
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