Stepn to block mainland China users in compliance with regulators, SCMP says

The company will begin “checking and clearing out” mainland China users and stop providing them GPS and IP geolocation services on July 15. The post Stepn to block mainland China users in compliance with regulators, SCMP says appeared first on The Block.

Timeline of Green-metaverse-token

China's anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn's in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local Regulations China mainland users of the NFT gaming app Stepn will not be able

The two popular twin tokens, STEPN (GMT) and Green Satoshi (GNT), plunged following the announcement that the app would ban players from mainland China. GMT fell from $1.24 to $0.83 following the ban announcement but has regained strength and is now at $1.05.

STEPN GMT/USD has weakened from $3.61  to $0.80 since May 01, 2022, and the current price stands at $0.95. Technically looking, GMT remains in a bear market, and the risk of further decline still persists. STEPN is a Web3 lifestyle app STEPN is a Web3 lifestyle app that aims to nudge millions toward a healthier The post Is STEPN (GMT) a good buy in June 2022? appeared first on Invezz.

GST, a non-fungible token (NFT) tied to fitness app STEPN, dropped around 10% after its operator said it would be banned in China this summer. As Bloomberg reported Friday (May 27), a second cryptocurrency tied to the app, GMT, fell more than 30% before recovering.

STEPN, a cryptocurrency trading game that offers nonfungible tokens (NFTs), will ban users in mainland China in order to comply with Chinese regulatory standards. Starting from mid-summer, the move-to-earn game will block geolocation services for users in mainland China.

STEPN, a move-to-earn blockchain project had exploded by a staggering 20,000% after launching earlier this year. In fact, the move-to-earn fitness app also saw native token(s) register strong gains in March and April.

GMT, the token of recently hot “move-to-earn” mobile running game STEPN, went up nearly 39% in mid-May. In fact, the move-to-earn fitness app also saw its token GMT register strong gains in March and April.

One of the popular crypto traders known as @AlgodTrading or also known as Algod had recently made a prediction that Terra's stablecoin USDT will fall drastically and now expects STEPN (GMT) to follow TerraUSDT. Algod, Terra's critic had pointed out that UST/LUNA is unstable and they had also bet against Do Kwon, Terra's founder on …

The gaming tokens surge along with the metaverse token as well as Decentraland surged by almost 35% so let's read more about it in today's latest altcoin news. Following the week's crypto market collapse, the gaming tokens surge and are seeing some bigger recoveries.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In April, Bitcoin and most of the altcoin market as well were in decline, but GMT rallied from the $2.1 support, as high as $4.17 in late April.