The recent downturn in the cryptocurrency market has sparked concern among investors, especially for Ethereum, which has seen a notable drop in value. Notably, economist Peter Schiff has made a bold prediction, suggesting that Ethereum could plummet to as low as $1,500. This forecast comes at a time when Ethereum is struggling to maintain its
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PancakeSwap, a popular multi-chain DEX, recently revealed a significant community reward program set to take place from July 5 to August 5. This program will see the distribution of more than 2.45 million zkSync (ZK) tokens to community members who have shown support for the zkSync PancakeSwap deployment since July 2023. The goal of this
Taiwan Mobile, the second-largest telecom operator in Taiwan, recently made headlines by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move was in line with the Financial Supervisory Commission’s efforts to regulate virtual currency platforms and prevent money laundering. The company’s General Manager, Lin Zhichen, has been named as
Former Solicitor General Donald B. Verrilli, who previously served under the Obama administration, has recently accused US regulators of intentionally stifling the growth of the crypto industry through debanking practices. This accusation comes as a joint amicus brief was filed on July 3 alongside Paul Clement, the former Solicitor General under President George W. Bush.
RETROBLOCK is a groundbreaking GameFi platform that is set to change the way we experience retro gaming. With a focus on competition, interaction, and rewarding gameplay, RETROBLOCK aims to provide players with a unique and immersive gaming experience like never before. One of the most exciting features of RETROBLOCK is the upcoming launch of the
Double Jump.Tokyo, a prominent blockchain application developer based in Japan, has recently unveiled an exciting collaboration with Ubisoft that is set to revolutionize the gaming industry. The partnership will not only provide web3 integration support but also establish Double Jump.Tokyo as a key marketing partner for Ubisoft’s web3 game, Champions Tactics, in the Asian market.
The European Banking Authority (EBA) recently announced an update to its Travel Rule guidelines that will now include crypto service providers and intermediaries. This update, which will come into effect on December 30, 2024, will require crypto exchanges in the European Union to adhere to the Travel Rule guidelines (EU-2023/1113). The aim of these guidelines
In the last 24 hours, the cryptocurrency market has experienced a significant decrease in total capitalization, dropping to $2.07 trillion. This 8.6% decrease has had a major impact on leading digital assets, with many seeing losses and only a few managing to maintain positive momentum. The primary cryptocurrency, Bitcoin, has been hit hard, with its
The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents a substantial portion of the total Bitcoin supply, causing market anxiety among investors and analysts. The fear of massive selling by these creditors has led to preemptive selling
In the midst of the recent turmoil in the cryptocurrency market, Ethereum (ETH) has not been immune to the chaos. With a notable 9% decrease in price over the past week, Ethereum now stands at the $3,130 level. Market watchers are keeping a close eye on the situation, with a particular focus on key levels
Bitwise, a prominent asset management firm, recently made amendments to its S-1 registration statement with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). The decision to amend the registration statement comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a strong background as a web3 content writer, journalist, and aspiring trader. His writing skills have led him to contribute to various well-known platforms in the industry, such as AMBCrypto, Blockchain.News, and Blockchain Reporter. Edyme’s journey into the world of cryptocurrency was not without
Bitcoin has recently experienced a dip below $60,000, causing concern among investors. However, crypto expert Michael van de Poppe believes that there is hope for a rebound. He points to the closure of Bitcoin’s CME gap as a positive sign, suggesting that the cryptocurrency could see a relief bounce from its current price level. Van
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with the opportunity to access a variety of meme coins in the market through a single contract. Referred to as the “S&P500 for crypto meme coins,” this new offering enables
Recently, the Financial Supervisory Service (FSS) in South Korea has announced plans to tighten oversight of cryptocurrency trading platforms under its jurisdiction. The goal is to eliminate fraudulent transactions within the crypto space. The regulator has mandated that local exchanges must establish a continuous monitoring system for unfair transactions and report any abnormal activities via
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase typically involves miners either shutting down their operations or selling off some of their Bitcoin holdings. Interestingly, historical data suggests that such a period often precedes a bottoming out of Bitcoin prices, signaling a potential uptrend for the digital asset. Since the
DraftKings, a leading online sportsbook operator, is currently facing legal challenges, particularly regarding the DraftKings NFT lawsuit. The recent ruling by a US District Judge in Massachusetts rejecting DraftKings’ motion to dismiss a class action lawsuit related to its NFTs has significant implications for the classification and regulation of NFTs. The class action lawsuit, initiated
The recent crash in the crypto market has led to a state of panic among investors, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, thousands of traders have found themselves in a difficult position, resulting in losses totaling hundreds of millions of dollars in just one day. In the
In a recent court ruling on Binance’s BNB token, Ripple has found an opportunity to argue against harsh penalties from the SEC for XRP sales. The company cited the lack of regulatory clarity as a key defense in their case. Ripple’s argument hinges on the idea that the ruling in the Binance case supports their
Ethereum (ETH) is currently facing a significant downturn in its price, with a rapid approach towards the crucial support level of $3,051. This sudden drop in value is indicative of increased selling pressure and a growing bearish sentiment prevailing in the market. Traders are now closely observing Ethereum’s behavior as it nears this critical support
Bitcoin, despite facing significant bearish trends in the market, has not deterred large investors with holdings exceeding $600,000 from accumulating more BTC over the past six months. According to data from Santiment, these major players holding 10 BTC or more have been consistently increasing their holdings by 1.07% during this period. While this might appear
The recent surge in the price of meme coin DADDY by 35% has caught the attention of many investors in the cryptocurrency market. This sudden increase in value was sparked by a bold announcement from Andrew Tate, a former kickboxer and online influencer, encouraging DADDY holders to accumulate more assets within a limited time frame.
Meta’s CEO, Mark Zuckerberg, envisions a future where smart glasses equipped with holographic displays will revolutionize the way we communicate and interact with the digital world. In a recent interview, Zuckerberg highlighted the potential of these glasses to eventually replace smartphones as the primary device for daily activities. While critics have been skeptical of Meta’s
In a recent statement, crypto exchange KuCoin announced that they would begin collecting a 7.5% value-added tax on trading fees from Nigerian users starting on July 8. This decision is said to be in compliance with an important regulatory update in the country. The 7.5% VAT will be applied to each trade’s transaction fees, signaling
Cardano (ADA) has shown a significant correlation with the broader market in recent months, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, in a surprising turn of events, ADA has diverged from the struggles of Bitcoin (BTC) and Ethereum (ETH), with a 2%
Asset managers are eagerly anticipating the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission. The deadline for updated paperwork and amended S-1s is set for July 8, with the possibility of additional rounds of filings. Despite minor questions from the SEC, asset managers like Steve Kurz
The recent setback in the price of Ethereum (ETH) has left investors disappointed, as the cryptocurrency briefly surpassed the $3,500 mark before dropping back to the $3,400 support level. The delay in price movement can be attributed to the postponement of the full approval by the SEC for Ethereum ETF applications, which were originally anticipated