Cardano (ADA) has experienced a notable surge in its price, surpassing the crucial resistance level of $0.60. This positive price action has generated optimism among investors, as it suggests the potential for further gains in the foreseeable future. However, a careful evaluation of the factors influencing ADA’s price trajectory is essential in order to make
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Moonlit Games, a renowned game development company, is taking the world of gaming by storm with its latest venture, a collaboration with Merit Circle’s Avalanche subnet, Beam. This unprecedented partnership aims to redefine the gaming experience in the blockchain domain, revolutionizing the way players engage with their favorite games. “Rogue Nation,” an action-packed RPG, will
As the final months of the year approach, the anticipation surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has generated considerable excitement among analysts and traders. While many stake their hopes on these index funds to fuel a significant price surge for Bitcoin and the broader
Ledger, a leading provider of hardware wallets for digital assets, has recently issued a cautionary message to its users. The company’s well-known ‘Ledger dApp Connect Kit’ has fallen victim to a supply chain attack, resulting in the theft of an estimated $484,000. A malicious version of the Connect Kit, containing a wallet drainer embedded in
The massive unlock of $195 million worth of Aptos tokens has sent shockwaves through the market, leading to a decline in APT price. This has left some investors wondering if APT is on the brink of becoming worthless. Alongside this development, a decrease in developer activity is further dampening APT’s performance. Despite these challenges, Aptos
Critics who claim that inscriptions, particularly BRC-20 tokens, are a denial of service attack on regular Bitcoin transfers are misguided. On-chain analysis conducted by Glassnode suggests that the majority of Bitcoin block space is still dedicated to normal monetary transactions, with inscriptions simply occupying any remaining space. James Check, the lead Glassnode analyst, argues that
Coinbase, one of the leading cryptocurrency exchanges, made headlines recently with its decision to include Bonk (BONK), a Solana network token, in its list of tradable assets. This move comes at a time when Coinbase is actively involved in institutional activities, such as the highly anticipated Bitcoin ETF custody with BlackRock. The inclusion of Bonk
The Financial Accounting Standards Board (FASB) has recently made a groundbreaking decision, officially adopting new accounting rules for Bitcoin. This significant shift in the financial landscape for corporations introduces fair value accounting for Bitcoin, aligning its treatment with other financial assets. Effective for fiscal years beginning after December 15, 2024, this change marks a crucial
Approval phishing, a deceitful tactic targeting crypto users, has been gaining prominence in recent years. Originally, this scam method involved distributing fraudulent crypto apps to victims. However, romance fraudsters, also known as pig butchering scammers, have now adopted and integrated approval phishing into their strategies. Chainalysis, a blockchain analysis firm, has identified a deliberate form
Recent reports have confirmed that the United States Securities and Exchange Commission (SEC) has introduced a “new regulatory standard” for all applicants of Bitcoin Spot Exchange-Traded Funds (ETFs) while awaiting approval from the regulatory body. This latest development, dubbed the “Cash Redemption Model,” is seen as a significant shift in the SEC’s approach to approving
The world of cryptocurrency continues to evolve rapidly, with new trends and opportunities emerging at a staggering pace. One such trend is the rise of spin-off tokens, which are gaining significant attention from both retail and institutional investors. These tokens, often associated with decentralized exchanges (DEX), have captured the imagination of traders looking for high-risk,
Bitcoin’s recent price movement has been nothing short of a rollercoaster ride for investors. After a few days of trading below the $41,000 mark, the Bitcoin bulls have returned with a vengeance, pushing the asset north to and beyond $43,000. This sudden surge in price has brought relief to the crypto market, which had experienced
A recent update from defunct crypto lender Genesis has revealed that users of the Gemini Earn platform might only be able to recover 61% of the value of their crypto holdings as of January 19, 2023. This news has sparked widespread outrage among Gemini Earn users, who are criticizing various aspects of the proposed plan.
JPMorgan analysts have recently expressed a cautiously optimistic perspective on the cryptocurrency market, particularly when it comes to Ethereum (ETH). In fact, they believe that Ethereum has the potential to outperform Bitcoin (BTC) and other digital currencies in terms of market price performance by 2024. This unique viewpoint sets Ethereum apart within the institution and
Binance has taken decisive action in response to the ongoing case initiated by the U.S. Securities and Exchange Commission (SEC). On December 12th, the cryptocurrency exchange submitted two crucial filings that aim to dismiss the case against the company and its former CEO, Changpeng Zhao. These filings make a strong argument against the SEC’s claims
The blockchain gaming industry has been gaining momentum in recent years, and the Blockchain Game Alliance (BGA) has released its 2023 State of the Industry Report, providing valuable insights into the current state and future trends of this space. The report highlights the important role that traditional web2 studios and franchises are expected to play
Bitcoin experienced a sudden correction at the beginning of the week, causing some investors to panic sell and avoid further losses. However, after the initial selling frenzy subsided, the cryptocurrency has been gradually recovering. In light of this, a crypto analyst has made a prediction that Bitcoin may have more upside potential. Currently, the coveted
In today’s fast-paced digital world, companies are constantly seeking innovative ways to connect with their customers and stay ahead of the competition. Worldline, a leading global payment solutions provider, has recognized the immense potential of the Metaverse as a platform for e-commerce. With an estimated market value of US$2.6 trillion by 2030, according to McKinsey,
In a recent conversation with Bloomberg, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler expressed his skepticism towards spot Bitcoin exchange-traded funds (ETFs). Gensler, who has recently introduced new rules to reduce risk in the U.S. Treasury market, highlighted the significance of Treasury markets in funding the government and conducting monetary policy. While acknowledging
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently reached a settlement with cryptocurrency exchange CoinList on December 13th. The settlement arose from CoinList’s processing of 989 transactions amounting to $1.25 million made by individuals residing in Crimea over a two-year period ending in May 2022. The agency deemed this a violation of its
In recent discussions among crypto industry experts, Tether has emerged as a potential frontrunner to become the world’s dollar-pegged defacto central bank digital currency. This speculation was sparked by the endorsement of Cantor Fitzgerald CEO, Howard Lutnick. Lutnick publicly voiced his admiration for Tether, stating, “I’m a big fan of this stablecoin called Tether…I hold
Coinbase International, a leading cryptocurrency exchange, announced its plans to enable spot trading for Bitcoin (BTC) and Ethereum (ETH) on its platform starting from December 14th. This move comes as part of Coinbase’s global expansion strategy to cater specifically to non-US institutional clients. In this article, we will explore the details of this announcement and
Coinbase Global Inc. is taking bold steps to expand its services by introducing spot crypto trading on its international exchange. This move is part of a global expansion strategy to cater to users who may have reservations about U.S.-based platforms. The company aims to create a trusted non-U.S. spot exchange that offers a seamless and
A recent YouTube video by LuckSide Crypto, a prominent crypto analyst, presents an optimistic outlook on Cardano (ADA) amidst the current market downturn. Despite the overall negative sentiment in the market, ADA has exhibited resilience, according to the analyst. While acknowledging the broader turbulence, LuckSide Crypto highlights several technical analysis indicators that suggest ADA may
The recent bearish trend in the crypto market doesn’t seem to affect Shiba Inu (SHIB) as much, thanks to the increased adoption of the Shibarium Layer 2 network. In fact, it is the large holders of SHIB who are driving the bullish return. According to on-chain data tracker IntoTheBlock, the net flow of Shiba Inu
LINE NEXT Corporation, a prominent venture in the NFT ecosystem, has successfully obtained a substantial investment of USD 140 million led by Crescendo Equity Partners. This remarkable investment signifies the largest funding in the Asian Web3 industry for the current year, positioning LINE NEXT for significant growth in the global Web3 ecosystem. In January 2024,
Osmosis (OSMO), the leading decentralized exchange (DEX) on the Cosmos (ATOM) blockchain, has experienced a staggering 25% price surge. This surge can be attributed to a major development on the Cosmos network, which involves the merger of the two largest DEXs on the blockchain: Osmosis and Umee. The Cosmos ecosystem has been buzzing with activity