Gameplay Galaxy, a rising star in the blockchain gaming sector, has recently closed a seed extension round, raising an impressive $11.17 million. This funding round, co-led by Blockchain Capital and Merit Circle, has propelled the company’s valuation to $71 million and brought its total funding to $24 million. The primary focus of this latest funding
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Recently, Maker, a prominent DeFi lending protocol on Ethereum, made significant changes by rebranding itself to “Sky.” This rebranding also involved renaming its stablecoin from DAI to USDS, and its governance token from MKR to SKY. One of the key upgrades introduced was the ability to convert 1 DAI to 1 USDS token and 1
France has been a favorable location for crypto businesses in recent years. With companies like Binance, Crypto.com, and Circle establishing their European headquarters in Paris, France has been seen as an attractive base for the crypto industry. The country has offered relatively favorable tax rates, a diverse pool of talent, and a strong sense of
Sony Blockchain Solutions Labs, a subsidiary of the Sony Group, has teamed up with Startale Labs to create a new blockchain platform called Soneium. The main goal of this collaboration is to bridge the gap between Web3 and Web2, making it simpler and more accessible for individuals to utilize blockchain technology in solving real-world issues
The recent attempt by former FTX executive Ryan Salame to void his guilty plea has caused a stir in the legal community. Salame claims that prosecutors made false promises regarding their investigation into his partner Michelle Bond, leading him to plead guilty under misleading circumstances. However, the US Attorney’s Office has vehemently denied these allegations,
The US Securities and Exchange Commission (SEC) recently took action against crypto lending firm Abra for failing to register its crypto asset lending product, Abra Earn. This failure to register led to the SEC filing settled charges against both Abra and its owner, Plutus Lending LLC, for operating as an unregistered investment company. Stacy Bogert,
The recent decision by Meta to cancel its next-generation mixed-reality headset has sparked discussions within the tech community. The move, led by CEO Mark Zuckerberg, was based on a product review meeting where it was deemed that the development of the headset was no longer viable. The decision was largely influenced by the high costs
The US Securities and Exchange Commission has stood firm against the attempt of Hex founder Richard Heart to dismiss its $1 billion securities fraud lawsuit. The SEC, in its opposition brief filed in a New York federal court, rebutted Heart’s claims that the regulator lacked jurisdiction due to his foreign residency and absence in the
Bitcoin ETFs have experienced a rollercoaster of activity in recent weeks, with significant fluctuations in both inflows and outflows. The spot Bitcoin ETFs faced a challenging start to the month, shedding over $550 million in just three days as the price of BTC plummeted from over $65,000 to under $50,000. This sharp decline was mirrored
Cardano recently announced a delay in the highly anticipated Chang hardfork to September 1, 2024. This delay was confirmed by Cardano founder Charles Hoskinson, who cited the need for platforms like Binance to have more time to prepare for the hardfork. While the Chang upgrade is ready, the decision to push the date allows for
After a tumultuous period for Ethereum (ETH), there are now signs that the worst may be over for the popular cryptocurrency. Metrics such as the market value to realized value (MVRV) suggest that the bottom is already in for ETH, paving the way for a potential surge past its previous all-time high (ATH) of $4,800.
The cryptocurrency market has been experiencing a period of uncertainty with price stagnation and volatility, leaving investors and analysts looking for a catalyst to drive growth. One highly anticipated event on the horizon is the Pectra upgrade for the Ethereum (ETH) network, scheduled for the first quarter of 2025. This upgrade has been generating significant
The recent arrest of Pavel Durov in France has sparked a wave of support from various celebrities and well-known public figures. Among those showing their support are Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. These high-profile individuals have come forward to express their solidarity with Durov in the face of his legal
The recent announcement by Federal Reserve Chairman Jerome Powell at the Jackson Hole Symposium regarding the potential for interest rate cuts has sent shockwaves through the financial markets. Powell explicitly endorsed rate cuts, stating that it was not a matter of if but how deep they would be. This shift in monetary policy has far-reaching
The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork approaches. ADA, the native token of the Cardano ecosystem, has seen a massive surge of over 52% in key metrics leading up to the upgrade. Intersect, a member-based organization for the Cardano ecosystem, recently shared detailed updates on the upcoming
In response to Federal Reserve Chairman Jerome Powell’s recent announcement of potential adjustments to policy and a hint at a 25bps rate cut at the upcoming meeting on September 18, Bitcoin saw a significant increase of over 6%. This unexpected news has added to the already volatile nature of Bitcoin’s price in recent weeks. Optimism
Samuel Edyme, known as HIM-buktu in the digital realm, is a web3 content writer, journalist, and aspiring trader with a unique and varied background. His experience in the crypto space is unlike any other, starting from a scam that led him to become the voice of reason in the industry. Unlike many others, Edyme’s entry
The recent dip in the crypto market, particularly in Bitcoin, saw prices plummet below $50,000 on August 5. This sudden decline took many investors by surprise, leading to a cascade effect on other cryptocurrencies as well. While Bitcoin has since recovered by 20%, the impact of this market downturn on short-term holders has been significant.
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes pleaded guilty to one count of embezzlement by a bank officer after executing 11 unauthorized wire transfers to a cryptocurrency wallet between May and July 2023. This illegal
Recently, crypto analyst XForceGlobal shared a video analysis focusing on Cardano (ADA), shedding light on its current position within the Elliott Wave cycle. According to XForceGlobal, ADA is potentially entering a strong upward phase known as “Wave 3.” The analyst drew parallels between ADA’s current price action and Solana (SOL), highlighting similarities in their Elliott
Indian cryptocurrency exchange WazirX has been facing significant challenges following a major security breach on July 18. In a recent post, the exchange warned that external parties not invested in the platform may attempt to prolong its restructuring process for their own gains. These parties are looking to create and maintain uncertainty rather than seeking
Shibarium, a layer-2 blockchain solution integrated with the Ethereum network, has undoubtedly made significant strides in the past year. The platform was designed to support the development of the Shiba Inu ecosystem by reducing transaction costs, improving speed, and enhancing scalability. However, despite these initial goals, it is crucial to analyze the recent upgrades and
Opeyemi is a dynamic writer who has found a passion for delving into the fascinating world of cryptocurrency. Even though this was not his initial career path, he has wholeheartedly embraced the digital asset industry for over two years now. His ability to dissect the complexities of blockchain technology and provide valuable insights into the
The joint statement by Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek highlights the issue of the European Union’s fragmented regulatory structure stifling artificial intelligence (AI) innovation. The CEOs argue that the EU’s AI regulatory framework is riddled with inconsistent implementation, making it challenging for companies in the region to capitalize on the AI
German authorities recently undertook a significant crackdown on illegal cryptocurrency operations in the country. The Federal Financial Supervisory Authority (BaFin) led the operation and seized nearly 250,000 euros and 13 crypto ATMs. The crackdown targeted 35 locations across Germany where crypto ATMs were allegedly operating without proper licensing. This operation was carried out in collaboration
Bitcoin’s price surged to $65,000 after a period of stagnant trading sideways, with a $5,000 daily increase. One of the potential catalysts behind this sudden surge can be attributed to the actions of the US Federal Reserve. The relationship between Bitcoin and the Federal Reserve’s economic policies has been evident in recent years, particularly following
The recent report released by Coinbase highlights the growing influence of young, pro-crypto voters on the upcoming 2024 US presidential elections. With Gen Z and Millennials now representing 40% of the electorate, there is a notable shift towards candidates who advocate for cryptocurrency and financial innovation. This trend is further fueled by the dissatisfaction among