In an exciting announcement, blockchain game startup supporter, Animoca Brands, has teamed up with Ubisoft’s Strategic Innovation Lab. The primary focus of this joint venture is to advance Ubisoft’s Web3 endeavors within Mocaverse, an extensive metaverse initiative launched by Animoca Brands. The partnership aims to boost Ubisoft’s Web3 projects, particularly the highly anticipated RPG game,
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Cryptocurrency trading has long been plagued by uncertainty, fear of missing out (FOMO), fear, uncertainty, and doubt (FUD), as well as a flood of misinformation. The noise in the market can often make it difficult for traders to decipher the real market realities and make informed decisions. However, yPredict.ai is on a mission to change
Bitcoin’s market dominance has long been considered a crucial indicator of its strength in the cryptocurrency market. Currently, this metric sits at a multi-year high above 51%. However, a closer examination reveals that the concept of “Bitcoin dominance” may not be as informative as it appears, particularly when considering the broader dynamics of the cryptocurrency
Binance, one of the leading cryptocurrency exchanges, recently issued a statement regarding its resolution of investigations from the U.S. Department of Justice (DOJ) and other agencies. The company publicly admitted to past wrongdoing and expressed its satisfaction with the resolution. In its statement, Binance acknowledged that when it initially launched, it lacked adequate compliance controls
The world of cryptocurrencies is constantly evolving, and a new class of digital assets is gaining traction in the market. These innovative cryptocurrencies, known as AI crypto tokens, are revolutionizing the industry by integrating artificial intelligence into the underlying blockchain architecture. With features like predictive analytics and automated trading algorithms, AI crypto tokens offer promising
In the ever-evolving world of cryptocurrencies, Cardano’s ADA token has caught the attention of many market analysts, with YouTube cryptocurrency analyst LuckSide Crypto highlighting its potential for a major breakout. Despite recent struggles with its price, ADA has consistently hit key levels, indicating a positive market pressure. This article aims to explore the possibilities of
In a shocking turn of events, Binance CEO Changpeng Zhao has pled guilty to violating U.S. anti-money laundering requirements. As a result, he will be stepping down from his role at the exchange, according to the Wall Street Journal. This revelation has sent shockwaves throughout the cryptocurrency community and raises serious concerns about the future
The recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Kraken, a prominent cryptocurrency exchange, has sent shockwaves across the industry. The SEC’s allegations of various violations of federal securities laws, including the commingling of user funds, have raised concerns and sparked a broader discussion about the regulatory landscape surrounding cryptocurrencies. A
The Fantom Foundation, a nonprofit organization dedicated to developing the Fantom blockchain platform, has recently faced significant challenges. In October, the foundation experienced a hot wallet hack that led to the loss of $550,000. However, the organization’s swift response and commitment to security helped them mitigate the situation and eliminate a major vulnerability associated with
Bitcoin (BTC) is currently stuck in a consolidation phase, causing uncertainty and fears among investors about the potential for further price declines. The latest Bitfinex Alpha report highlights several factors that contribute to this consolidation phase, including diminishing momentum and positive funding rates on futures contracts. Diminishing Momentum and Positive Funding Rates The report reveals
Bitcoin transaction fees have experienced a significant surge recently, surpassing the average transaction fees of Ethereum. As of November 20, Bitcoin’s average daily transaction fee stood at $10.34, whereas Ethereum’s fees averaged at $8.43, according to BitInfoChart data. This development marks a turning point in the transaction fee landscape, highlighting the growing market interest in
Ethereum (ETH) has shown signs of a fresh increase as it broke above the crucial $1,950 resistance level. The digital asset is now consolidating its gains and aims to surpass the $2,070 resistance in the near term. Following a period of stability, Ethereum initiated a decent increase above the $1,900 level. In line with Bitcoin’s
The U.S. Securities and Exchange Commission (SEC) has recently taken action against the cryptocurrency exchange Kraken. The regulatory body has accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. This accusation highlights the extent to which Kraken has illegally facilitated the purchase and sales of securities without adhering to the necessary
Nike has recently announced an exciting new collaboration with digital fashion brand RTFKT, unveiling their latest collection of sneakers – the RTFKT Dunk Genesis. This collaboration marks a departure from previous models, as these sneakers can now be acquired without the need to own a corresponding RTFKT non-fungible token (NFT). With two distinct editions available
In a recent announcement, Bittrex Global revealed its decision to wind down its operations, marking the end of most exchange activities and trading. The company acknowledged the inconvenience this move would pose to its valued customers, emphasizing that this decision was not made lightly. Starting from December 4, 6:00 p.m. UTC, Bittrex Global will disable
Celestia, a rapidly growing modular blockchain layer-1, has been on a major rally since the TIA airdrop. However, recent price movements have raised concerns about whether Celestia’s price is heading towards zero. Unlike other airdrops, such as Arbitrum, TIA has experienced sustained upside momentum following the distribution, with limited sell pressure dampening the excitement among
When Bitcoin first emerged, it was more of an experimental concept than a financial revolution, according to Jameson Lopp, co-founder and CTO of Casa. In an interview at the BTC Amsterdam conference, Lopp shared his insights on the evolution of Bitcoin security and the challenges faced along the way. He noted that early adopters were
The blockchain gaming industry has experienced significant growth in October 2023, marking a milestone of 1 million daily unique active wallets (dUAW). This represents a 16% increase from the previous month, highlighting the increasing importance of the gaming sector within the Web3 environment. The statistics provided by DappRadar and the Blockchain Gaming Alliance demonstrate the
In a historic moment for both the nation and the crypto community, Argentina has inaugurated its first-ever pro-Bitcoin President. The recently concluded presidential election on November 19 saw right-wing libertarian and Bitcoin advocate Javier Milei securing a significant victory, with nearly 56% of votes counted. His rival candidate, Minister Sergio Massa, garnered 44% of the
In a shocking turn of events, a hacker managed to gain unauthorized access to quantitative trading firm Kronos Research’s API keys, resulting in a loss of $25 million. The incident came to light on November 19 when Kronos Research announced the security breach and promptly suspended its trading services. The hacker, whose identity remains unknown,
Atomic Wallet, the company at the center of a $100-million hack, has filed a dismissal motion in a United States court, urging the court to reject the class action suit seeking damages. The firm argues that the claims should have been filed in Estonia, where it is based, rather than in the US. According to
In a recent security breach, Taipei-based market maker and trading firm Kronos Research experienced unauthorized access to its API keys, resulting in the withdrawal of a substantial amount of crypto assets. The company promptly addressed the incident via a post on X (formerly Twitter), acknowledging the breach and halting all trading operations to conduct a
2023 has witnessed a surge in the focus on digital asset regulation as countries around the world recognize the importance of creating a safe crypto market. Despite these efforts, widespread adoption of digital assets is still a distant goal. The lack of uniform regulation and the dynamic nature of the crypto market pose significant challenges.
The NFT space, although exciting, is not without its challenges. Scalability, security, and the lack of user-friendly NFT marketplaces are among the key obstacles faced by the industry. As more transactions occur, networks like Ethereum can experience slowdowns, causing delays and high fees for users. Additionally, security is a major concern as cyberattacks have led
It has been a year since the collapse of the FTX exchange, an event that had a profound impact on the cryptocurrency market. The collapse saw nearly $300 billion wiped off the market cap, affecting several cryptocurrencies. However, as time has passed, we can now observe the recovery and growth of certain cryptocurrencies that were
The week ending Sat, Nov 18 witnessed a decline in XRP token prices. Following a substantial increase from $0.49 to $0.72 in mid-October, XRP saw a drop to $0.61 by Sunday morning Tokyo time. This volatility in prices has left many investors uncertain about the future of XRP. Renowned attorney John Deaton recently shared his
The growth rate of crypto-denominated fentanyl sales has experienced a significant decline in 2023, according to research conducted by TRM Labs. The research reveals a correlation between the slowdown and the aggressive measures taken by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) in pursuing individuals and entities associated with fentanyl