Second Life, the virtual world created by Linden Lab, has announced a partnership with Motown Records and STYNGR to create a new immersive music venue. This collaboration will provide a platform for classic and contemporary Motown artists to perform in-world, giving residents of Second Life the opportunity to experience the celebrated Motown sound. The new
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Ripple’s XRP has been consolidating above the key psychological level of $0.50 for over two weeks, coinciding with the Fib 0.382 level at $0.5031. However, on June 14, XRP broke down from this level, sparking concerns about a potential trend reversal. Although finding initial support from the 100-day EMA and the Fib 0.5 level at
According to the latest ASX Australian Investor Study, approximately 15% of Australians have invested their wealth in cryptocurrencies. This figure is similar to the 17% recorded during the bull market in 2021. The study showed that young Australians are more inclined towards the cryptocurrency industry, with 31% of them being HODLers. The study also highlights
Gemini, the digital assets exchange led by Tyler and Cameron Winklevoss, has announced its plan to expand its operations in the Asia-Pacific (APAC) region. The company aims to increase its headcount in Singapore to over 100 employees in the next 12 months, according to a company announcement made on June 19, 2023. The Singapore office
OVAL3, a fantasy card game that blends the love for rugby with the opportunities provided by NFTs, has set its sights on increasing visibility. The company has recently announced that it will launch a portion of its exclusive NFT collection on Binance NFT. The collection’s release is timed a few months ahead of the much-anticipated
ChainGPT is expanding its on-chain presence and increasing its interchain capabilities by bridging its $CGPT token to the Ethereum Network. The bi-directional bridge was developed through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, enabling users to transfer their $CGPT seamlessly between the ETH and BNB/BSC networks. The implementation of the bridge
Blockchain technology has seen a significant advancement with the introduction of zero-knowledge proofs. However, in order to fully unlock the potential of these protocols, streamlined data availability solutions are required. Anurag Arjun, co-founder of Polygon and blockchain data availability protocol Avail, emphasized the significance of data availability for ZK-rollups in an interview with Cointelegraph. ZK-rollups
Crypto.com has been accused of having a potential conflict of interest due to its internal trading team operating as a market maker on its platform, according to a report by the Financial Times. Market makers provide liquidity, which allows users to buy and sell quickly at prevailing market prices, reducing the risk of price fluctuations
4Chan Coin has recorded a significant surge in the last 24 hours, with an increase of 29%. The current price of the meme token stands at $0.000000000000179428, which represents a 1,300% gain in the last 30 days and a 25,000% increase since its launch. The ongoing Reddit blackout, where several forums on the micro-blogging site
Shiba Inu’s (SHIB) price has experienced a minimal change in the past 24 hours, having risen by only 0.3% while the cryptocurrency market slipped slightly by 0.5%. However, SHIB has been one of the best-performing cryptocurrencies of the past week, with a 10% gain in the last seven days. The rally was due to the
BlackRock, the world’s largest asset manager, has made a significant stride towards its involvement in the cryptocurrency industry by filing for a Bitcoin Spot ETF with the US Securities and Exchange Commission. BlackRock’s success rate with the SEC has been unmatched so far, and despite many other companies’ previous applications for such a product failing,
Kaiko, a crypto market data provider, has conducted an analysis which revealed that USD Coin (USDC) has become the most liquid stablecoin on centralized exchanges (CEXs). The asset has approximately $38 million bids preventing a .1% price deviation. USDC’s liquidity is followed by that of Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai
The total market capitalization of the cryptocurrency market declined to $1.02 trillion on June 15, marking its lowest point in three months. However, despite the resilience of the derivatives market and end-of-week price gains amid uncertainty in stablecoins’ reserves, it might be too soon for bulls to celebrate. Over the past few weeks, a bearish
A new report by Coinbase, the largest cryptocurrency exchange in the United States, has highlighted the uncertainty surrounding the impact of Bitcoin halving events on the asset’s performance. While the halving is seen as a positive development as it is believed to enhance Bitcoin’s prospective scarcity and support its supply-demand dynamics, it is difficult to
Bitcoin has experienced two days of consecutive price increases, marking the first time in a while. During this period, the cryptocurrency rose from under $25,000 to almost $27,000. The second-largest crypto, Ethereum (ETH), has also experienced similar performance, as it now sits at $1,750. Most other altcoins are also in the green. Despite this, last
Bitwise Asset Management has submitted a new filing for a proposed rule change that would accommodate its planned Bitcoin spot ETF. This comes after the U.S. Securities and Exchange Commission (SEC) rejected a previous Bitcoin spot ETF application from Bitwise in June 2022. SEC’s Reasons for Rejection The SEC had stated that Bitwise’s ETF could
Binance, the world’s largest cryptocurrency exchange by trading volume, has launched a new tool called “Bitcoin Transaction Accelerator” to enable users to confirm their transactions on the Bitcoin network more quickly, regardless of any potential network congestion issues. The new solution was launched on June 15, and it will only be available for verified Binance
The Weeknd’s “After Hours Til Dawn” global tour is not your typical concert experience. Thanks to a partnership with Binance, fans can expect a full-fledged immersive experience that combines live performance and digital interaction to transform the idea of what a concert can be. At each tour stop, fans can interact with on-site Augmented Reality
Binance, a leading cryptocurrency exchange, has asked Binance.US management to reduce the size of its workforce across the division as it foresees protracted and expensive litigation with the US Securities and Exchange Commission (SEC). In a letter to employees, Binance warned that the litigation with the SEC is likely to be lengthy and costly. The
ZachXBT, a blockchain investigator, has been sued for libel by Jeffrey Huang, also known as “MachiBigBrother” on Twitter. Huang claims that ZachXBT has damaged his reputation through false allegations. ZachXBT responded to the lawsuit by calling it “baseless” and an attempt to chill free speech, pledging to fight back against it. ZachXBT is known for
Do Kwon, co-founder of Terraform Labs, has been arrested in Montenegro and faces possible extradition to both South Korea and the United States for numerous fraud charges. Kwon has been in custody since March of this year, and the Montenegrin authorities are considering extending his detention for another six months to decide on his extradition.
On June 15, Ethereum’s price plummeted by 7%, reaching its lowest level in three months. The altcoin’s drop to $1,620 impacted investors’ perception that it was on track to turn $2,000 into support. Despite its decline, Ethereum’s $196 billion market capitalization remains higher than PetroChina’s $186 billion and close to chipmaker AMD’s $198 billion. Ethereum
Despite a consistent downturn in the Arbitrum governance token ARB since the airdrop in late March, the ecosystem shows healthy growth. A recent report by Nansen shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees, and transaction count have maintained consistently
This week, the crypto market witnessed intense sell pressure due to the US Federal Reserve’s latest monetary policy announcement. Although the Fed paused its interest rate hikes, it was hawkish on the interest rate outlook. Fed Chairman Jerome Powell signaled that more interest rate hikes might be needed later in the year. This guidance shocked
The Texas State Securities Board has taken action against cryptocurrency lending firm Abra by filing an emergency cease and desist order on June 15, 2023. The regulatory agency has accused Abra and its related parties of committing fraud and making misleading statements. The regulator has found that Abra made fraudulent statements by referring to itself
Animoca Brands, a gaming company, has teamed up with NFT platform Rarible to launch a dedicated marketplace for its membership NFT collection called Mocaverse. The Mocaverse Marketplace is built on Rarible Protocol’s decentralized infrastructure and has been authorized by RARI token holders through the RARI Foundation. The primary goal of the marketplace is not just
The governance token of the Curve decentralized autonomous organization (DAO), CRV, suffered a 12% drop on June 15th. This occurred after reports surfaced that the founder, Michael Egorov, had taken out risky loans on Aave. These loans were deposited across multiple decentralized lending protocols and amounted to around $246 million worth of CRV. This accounts