The recent Bitcoin halving has caused ripples in the cryptocurrency world, marking a significant event where the creation rate of new coins is cut in half every four years. This phenomenon has far-reaching effects on the entire crypto market, including the emerging realm of Web3 gaming. But how exactly does this pivotal event influence the
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Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC), recently made a bold move by burning 4,295 HV-MTL NFTs. This decision was triggered by the acquisition of two gaming IPs by the blockchain gaming studio Faraway. By burning a significant portion of the HV-MTL NFTs, Yuga Labs aimed to create scarcity and
The MiCA regulation, set to reshape the crypto industry, is a significant development within the European Union. This regulatory framework aims to provide clarity and security within the crypto-asset market, addressing the needs of crypto-asset service providers (CASPs) and issuers, while also safeguarding investors. As the crypto industry approaches this regulatory evolution, companies must understand
The cryptocurrency market has been experiencing a surge in interest towards Ethereum, with investors accumulating significant amounts of ETH in recent times. Despite the price volatility that Ethereum has undergone in the past week, on-chain data has revealed a clear accumulation trend among Ether investors. The past seven days have seen over $500 million worth
The recent Bitcoin halving event has caused a significant reduction in miners’ block rewards, leading to a decrease in the daily issuance of BTC. This reduction is expected to result in a price rally for the cryptocurrency market. While the focus is primarily on Bitcoin, there is also speculation about how meme coins, such as
Following the recent Bitcoin halving event, market analysts and experts are now turning their attention to potential price movements in the BTC market. One prominent crypto analyst, ecoinometrics, has made a bullish prediction for Bitcoin’s price in the current bull cycle. The prediction suggests that Bitcoin could potentially reach six-figure value levels, based on historical
The NFT trading space experienced a significant surge in volumes during the first quarter of 2024, reaching a total of $4.7 billion across the top 10 marketplaces. Leading the pack was Blur, which boasted $1.5 billion in volume and a 27.6% market share. However, Magic Eden emerged as a major competitor, surpassing Blur in March
Cardano’s native token, ADA, has been under the spotlight recently due to a significant decline in its price by 18.77% over the past month. This drop is not unique to ADA, as most cryptocurrencies have been experiencing price turbulence following major dips in Bitcoin’s price. Despite these challenges, crypto analyst Ali Martinez has expressed confidence
MicroStrategy founder Michael Saylor has been active in selling off shares of his company, making use of a stock-sale agreement that he entered into last year. This agreement allowed him to sell up to 400,000 shares by April of this year. So far, he has successfully managed to cash in 370,000 shares, amounting to $372.7
Ethereum has recently experienced a sharp downturn, but it has found crucial support in a specific zone. This zone is made up of the 100-day moving average at $3050 and the price range between the 0.5 and 0.618 Fibonacci levels ($3190 and $2972). This zone is pivotal as it attracts significant demand, potentially preventing further
The recent analysis by the well-known crypto analyst Rekt Capital sheds light on the potential timeline for the next Bitcoin market peak. With the Bitcoin Halving event expected to occur soon, the market has been relatively stable with a current price of $64,578. Rekt Capital’s analysis suggests that Bitcoin typically reaches its bull market peak
The recent occurrence of Bitcoin’s fourth halving event has brought significant attention to the cryptocurrency market. This event, reducing the block reward from 6.25 BTC to 3.125 BTC, has major implications for the industry. The reduction in daily BTC issuance to around 450 Bitcoin has sparked discussions about the long-term impact on BTC’s volatility and
Recently, crypto exchange HashKey made a significant announcement regarding its support for Binance-related transactions. The Hong Kong-based platform shared that it would implement restrictions on deposits from Binance starting from May 10. Additionally, HashKey will no longer support virtual asset withdrawals to Binance-hosted wallet addresses after May 17. This decision comes as a surprise to
The recent developments surrounding the bankrupt FTX exchange have caused quite a stir in the cryptocurrency community. On April 18, the FTX exchange transferred a substantial amount of assets from its FTT treasury account to a new wallet address. The transferred assets included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued
The traditional gatekeepers in scientific publishing have long benefited financially from the hard work and findings of the scientific community. Scientific journals, while crucial for spreading knowledge, face various challenges such as article suitability, high fees, and complex review processes. Despite attempts at digital evolution to widen access, inefficiencies and access obstacles persist. Similar to
Binance, one of the largest cryptocurrency exchanges in the world, has made headlines for its return to the Indian market after facing a ban by the Indian government. The exchange has agreed to pay a significant penalty of around $2 million to re-enter the market under the oversight of the Financial Intelligence Unit (FIU). This
In a recent interview with Anthony Scaramucci, the founder and managing partner of Skybridge Capital, a bold prediction was made regarding the future price of Bitcoin. Scaramucci suggested that the Bitcoin price could potentially surge to $200,000, following the upcoming halving event. This forecast comes at a time where the crypto markets are experiencing notable
The recent announcement of Sony and Microsoft’s plans to integrate blockchain into their consoles marks a significant turning point in the gaming industry. This move towards incorporating NFTs into Playstation and Xbox games has the potential to revolutionize the way gamers interact with virtual assets. But before delving into the impact of NFT integration, it
The recent amendment to the US SEC’s complaint against Justin Sun and other defendants has brought to light the regulator’s argument that Sun’s alleged visits to the US should establish the jurisdiction necessary to initiate legal proceedings. According to the SEC, Sun purportedly spent more than 380 days in the US between 2017 and 2019,
The rise of Ethereum (ETH) in the first quarter of 2024 has been nothing short of impressive, with a nearly 100% increase in price action. Not only that, but the Ethereum blockchain has also managed to generate substantial profits of up to $369 million during this period. This unforeseen profitability has sparked inquiries into how
The recent legislative bill introduced by US Senators Cynthia Lummis and Kirsten Gillibrand has sparked controversy within the crypto industry. Former Blockchain Association member Jake Chervinsky criticized the bill, calling it “deeply flawed” and warning that it would only allow centralized and custodial stablecoins to operate. Chervinsky argued that the proposed ban on algorithmic stablecoins
Crypto analyst Trend Rider has recently pointed out the potential for Cardano (ADA) to experience a significant price rally in the near future. According to Trend Rider, based on historical data, Cardano could see a price surge up to $3. This prediction is based on Cardano’s past behavior, where the price dipped to $0.10 in
The cryptocurrency market, particularly Bitcoin, has seen a recent surge in price, with Bitcoin hovering above the $62,000 mark. However, cautionary warnings from leading crypto analytics platform, CryptoQuant, suggest that Bitcoin may face a significant downturn to $52,000 if specific key levels are breached. The analysis from CryptoQuant indicates a growing sense of uncertainty in
Over the past week, Bitcoin Cash (BCH) has experienced a significant decline in value, dropping by 20% to trade at $484. This dip mirrors the overall downward trend in the cryptocurrency market, particularly following a 9% decrease in the price of Bitcoin. Recent geopolitical tensions in the Middle East have contributed to this sell-off, but
In a recent move, Binance has transitioned its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, signaling a shift towards enhanced reliability and transparency. By transferring 100% of SAFU’s assets to USDC, Binance aims to ensure stability at $1 billion, utilizing a trusted and audited stablecoin for added security. Apart from
As the fourth Bitcoin halving approaches, scheduled for later this week, Bitcoin miners are facing a significant drop in stock prices. Key players in Bitcoin mining such as Marathon Digital (MARA) and Riot Blockchain (RIOT) have experienced substantial declines, with their stock prices dropping by approximately 53% and 54%, respectively, from their peak values earlier
Yuga Labs, a prominent player in the gaming industry, recently announced the sale of two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This strategic move by Yuga Labs aims to concentrate its efforts on the development of its two major projects, Otherside and