The recent strategic partnership between Oasys, a blockchain platform, and South Korean gaming community platform Vortex Gaming, has sparked excitement in the gaming industry. By joining forces, the two entities aim to broaden Oasys’ presence in the Korean market and introduce Vortex players to the world of blockchain-based gaming. This collaboration is expected to not
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Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level has prompted caution among traders and investors, leading to
Bitcoin, the undisputed king of cryptocurrencies, finds itself at a crucial juncture as it navigates through a period of uncertainty. Having witnessed a remarkable surge in the first half of 2024, soaring past the significant $71,000 threshold, the digital asset has now retraced, with its price currently stabilizing around the key support level of $61,000.
Recently, a US bankruptcy court approved FTX to solicit votes on a liquidation plan that involves paying customer claims in cash. This plan, which bases payments on crypto prices at the time of FTX’s collapse in November 2022, has sparked controversy among customers seeking higher amounts due to the rise in crypto prices. Despite objections
The Spot Bitcoin ETFs have been experiencing outflows for seven consecutive days, with an average of $100 million being pulled out daily. This has led to a total of $1.2 billion being withdrawn from the funds so far. The high level of outflows is seen as alarming, especially considering the correlation with the decline in
In the realm of blockchain gaming, an unprecedented collaboration has emerged between Netmarble’s Marblex and Immutable, focusing on the utilization of Immutable’s cutting-edge zkEVM chain. This innovative layer-2 Ethereum network is poised to revolutionize the gaming landscape by introducing advanced features and capabilities to enhance the gaming experience for both developers and players. The standout
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a subject of interest since it began in 2020. The outcome of this lawsuit will have a significant impact on the classification of XRP as a security and could potentially influence its legal status in the eyes of regulators.
The cryptocurrency market is abuzz with anticipation as asset managers gear up for the launch of new spot Ethereum ETFs, awaiting approval from the US Securities and Exchange Commission (SEC). This development has sparked interest and speculation among investors and analysts alike, with many industry experts weighing in on the potential implications of these ETFs
Scott Matherson, a well-known crypto writer at NewsBTC, has established himself as a leading voice in the cryptocurrency industry. With a background in banking and investment, Scott brings a wealth of experience to his writing, allowing him to simplify complex topics for readers from all walks of life. Scott’s dedication to clarity and accuracy has
The recent weeks have seen a significant downturn in the once-sizzling crypto market, with Bitcoin leading the retreat. From reaching a high of $73,000 earlier this year, Bitcoin has now plummeted to new lows, causing a ripple effect across the entire crypto ecosystem. Investors have been spooked by the prolonged price slump, resulting in a
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the
Marvel Entertainment’s partnership with VeVe signifies a significant shift in the world of digital collectibles with the integration of NFTs. This collaboration not only revolutionizes how fans engage with Marvel comics but also brings together traditional and digital collecting in a seamless manner. By offering over 300 digital comic issues from Marvel, VeVe’s platform introduces
MetalCore presents an innovative approach to gaming with its sci-fi mech shooter set on the distant planet of Kerberos. This MMO game offers players thrilling PvPvE battles and a player-driven economy that impacts gameplay. By immersing players in epic mech battles amidst war-torn landscapes, MetalCore showcases strategic combat and immersive gameplay, reflecting the changing landscape
Louisiana Governor Jeff Landry recently signed a bill aimed at prohibiting central bank digital currencies (CBDCs) in the state. HB 488 prevents governing authorities from accepting or requiring payments in CBDCs, and also bars participation in CBDC tests conducted by the Federal Reserve Board of Governors and other federal government bodies. The bill not only
Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate, Joe Biden, wins the election, Bitcoin could see new all-time highs. Scaramucci is confident that during a second Biden administration, Bitcoin could reach prices between $170,000 and $250,000. Scaramucci’s support
Coinbase, a prominent player in the cryptocurrency sector, is facing potential regulatory challenges due to its compliance with new FASB accounting rules. These rules, set to take effect in 2025 but already adopted by some firms, shift the accounting and disclosure of digital assets to a fair-value model from the previous cost-less-impairment model. Changes in
Dalmas Ngetich is a prominent figure in the crypto industry, known for his in-depth knowledge and expertise in topics such as NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years.
Bitcoin’s price has experienced a rapid decline in recent days, failing to sustain levels above $70K. Currently, the market is teetering around a crucial point, approaching the $60K support level. Since the start of June, the price has been on a downward trend, with a rejection from the $72K zone. The market’s mid-term trajectory will
Bitcoin is currently facing a significant decline in price, edging closer to the critical $60,000 mark. This downward trend is primarily driven by a mix of macroeconomic factors and mounting selling pressure. The prevailing sentiment in the market has turned decidedly bearish, causing anxiety among investors and traders. The $60,000 threshold has become a focal
In recent years, the world of digital collectibles has exploded with the popularity of NFTs (non-fungible tokens) taking center stage. These digital assets have not only enthralled artists and collectors, but have also opened up new avenues for investment. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, NFTs are unique digital assets that cannot be exchanged
The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border
A recent analysis by a renowned crypto analyst has raised concerns regarding the future price movement of Bitcoin. The analyst, Justin Bennett, pointed out that Bitcoin has recently broken through key support levels, signaling a potential shift from a bullish to a bearish trend. This development has led Bennett to predict a possible price crash
In the world of cryptocurrencies, Artificial Intelligence (AI)-related coins have been making waves with their recent development activities. The market intelligence platform Santiment has outlined the top 10 AI cryptocurrencies that have shown the most progress over the last 30 days. NEAR Protocol Takes the Lead At the forefront of this list is NEAR Protocol
The AVAX native token for the layer-1 blockchain Avalanche is facing a tumultuous time this weekend, plummeting over 10% to reach its lowest level since December 2023. The token’s value has dramatically dropped from $27.87 to a six-month low of $24.92 within just 24 hours, as reported by CoinGecko. Community Speculations Crypto community members are
The ongoing case involving Ripple in the cryptocurrency industry is a matter of great interest and speculation. Many analysts are closely monitoring the situation, as the outcome of the SEC lawsuit is expected to have a significant impact on the price of XRP. However, despite the legal proceedings, some analysts are looking at technical patterns
If Ripple loses the SEC lawsuit, the implications could be far-reaching. One of the most immediate effects could be a significant drop in the price of XRP. This is because investor confidence in the cryptocurrency might wane, leading to a sell-off and downward pressure on its value. In addition to the price drop, Ripple might
The month of May saw a significant surge in crypto investments, totaling around $1.02 billion. With Ethereum dominating the market, there were approximately 156 investments disclosed publicly. This indicates a growing interest in digital assets and blockchain technology. Despite facing money laundering allegations, Nigerian authorities dropped tax evasion charges against Binance executives. This decision, as