Mythical Games, the prominent Web3 gaming studio, has reached a significant milestone by securing $37 million in funding for the initial phase of its Series C extension round. The capital influx was led by Scytale Digital, a leading digital asset manager, with contributions from renowned investors including ARK Invest, Andreessen Horowitz, and Animoca Brands. This
L The Memecoin (L) has taken the cryptocurrency world by storm following a tweet from Elon Musk in 2021. This tweet served as the inspiration for the creation of L The Memecoin, which recently had an explosive initial exchange offering on Uniswap. The price of $L skyrocketed by over 7,500% before experiencing a correction. Bitmex
Bybit, a prominent cryptocurrency exchange, has secured a license to operate in Cyprus and is set to expand its operations in the country. The license will allow Bybit to provide a full suite of services, including trading between cryptocurrency pairs and fiat currency pairs, financial services related to crypto assets, and custody solutions curated specifically
The Australian Treasury’s token mapping of digital assets will implement a “tech agnostic” and “principles-based” approach to define crypto assets. Trevor Power, an Australian Treasury assistant secretary, stated that the framework would classify tokens based on their function and purpose, making it easier to regulate them. The regulation would need to be “robust” to account
The XRP price has recently fallen by 1% in the last 24 hours, dropping to $0.483806 as the cryptocurrency market falls by a similar percentage within the same timeframe. Despite the recent dip, XRP has been up by 2% in the last 30 days and has gained 42% since the beginning of the year, thanks
The prices of Bored Ape Yacht Club NFTs have been highly volatile recently due to a series of transactions by Jeffrey Huang, also known as Machi Big Brother. Huang’s quick sale of over 50 Bored Apes within a few days has had a notable impact on the floor price of these NFTs. In fact, the
As the metaverse expands, it offers a virtual realm where people can connect, create, and explore. With the integration of Artificial Intelligence (AI), gaming experiences within the metaverse are set to transform. AI-powered in-game characters that can be trained and traded as NFTs pave the way for immersive and dynamic gameplay like never before. AI-Powered
U.S. Treasury bonds or Treasurys are essential in all tradeable markets, including Bitcoin and Ether. The cost of capital attributed to U.S. dollars affects every loan, mortgage, and even cryptocurrency derivatives. In the worst-case scenario of the U.S. government defaulting on its debt, the lack of interest debt payments may cause a global shortage of
After experiencing a significant downtrend and period of correction, Ethereum’s price found support at the $1.6K level, coinciding with the 200-day moving average. The buying pressure at this level triggered a rapid reversal and an upward trend towards the critical resistance zone at $2K. Additionally, the price surpassed the 100-day moving average at $1.8K, indicating
The National Tax Agency in Japan has announced the revision of corporate tax rules for cryptocurrency issuers. The new rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings. This move has been welcomed as a step towards easing the business environment for crypto firms in Japan. According to a
The cryptocurrency market is seeing a surge in prices with Bitcoin holding steady at around $30k. Many altcoins are pumping, both old and new, including Bitcoin Cash, Bitcoin SV, and Waves, as well as meme coins like Pepe and newly listed Uniswap coins. The market sentiment is high, and several trending cryptocurrency assets are up
Bitcoin Cash (BCH) has seen an incredible increase of 100% in just one week, leading to speculation about the reasons behind this remarkable upward movement. Despite this significant price increase, BCH faces challenges in breaking above the $220 level, which could potentially trigger a bearish correction. At present, the current price of BCH stands at
Mitsubishi UFJ Financial Group (MUFG), the largest financial institution in Japan, is reportedly considering issuing global stablecoins via its blockchain platform, Progmat. MUFG has already shown interest in introducing such tokens tied to the value of the Japanese yen. However, the company is now in talks with industry leaders and other companies on minting stablecoins
TrustToken temporarily suspended mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, earlier this month. This was due to Prime Trust’s cease-and-desist order from the Financial Institutions Division of the Nevada Department of Business and Industry. However, TrustToken clarified that this does not affect its operations concerning the conversion of
The crypto market has experienced a positive macro event, resulting in a scaled-back market valuation of $1.19 trillion. Bitcoin is leading this major uptrend, making a strong comeback to the $30,000 price tag. However, it is not the only major beneficiary of this bullish sentiment. Ethereum Classic, a popular proof-of-work (PoW) protocol, has also experienced
Patrick Hughes, known as the King of Reverspective, is set to launch a new collection of NFTs on ElmonX. The collection includes two one-of-a-kind pieces, Rubik’s Cube and Die. The launch will take place on Sunday, 25th June at 9AM PT. Background Patrick Hughes held his first solo show in 1961 at the Portal Gallery
Over the past 24 hours, Bitcoin’s price attempted to reach $31K and maintained its dominance over the rest of the market. However, the bulls were unable to sustain the price above $31K, and sellers pushed it below this level to where it currently trades at around $31,600. It’s worth noting that Bitcoin’s dominance, which tracks
Senator Cynthia Lummis of Wyoming has criticized the US Securities and Exchange Commission’s (SEC) recent action against Coinbase, stating that it “is not the right way to do business in America.” She made the statement during an interview with Yahoo Finance on June 22. Lummis said the cryptocurrency exchange had demonstrated its willingness to cooperate
Optimism (OP) has been experiencing an impressive recovery, having surged 27% in the past week after hitting a new YTD low of $0.895 on June 10. As of now, OP is trading at $1.411, indicating a 4.06% increase today. The cryptocurrency is currently attempting to surpass the reverse Fib 0.5 level at $1.386, which coincides
Etherscan, an Ethereum block explorer and analytics platform, has launched Code Reader, a tool that uses artificial intelligence (AI) to retrieve and interpret the source code of a specific contract address. The tool generates a response via OpenAI’s large language model, providing insight into the contract’s source code files. Code Reader’s use cases include gaining
Belgium’s Financial Services and Markets Authority (FSMA) has ordered the global cryptocurrency exchange and blockchain platform, Binance, to immediately halt all cryptocurrency services offered in the country. The FSMA issued a statement on June 23, citing concerns over Binance’s exchange services between virtual and legal currencies and custody wallet services, which were found to originate
The crypto market has seen a flurry of activity in recent days, with various coins and tokens experiencing double-digit returns. However, Ethereum (ETH) and Solana (SOL) have experienced a slowdown in their growth, leading investors to question whether their recent momentum was only temporary. At the time of writing, ETH is hovering around the $1,870
Pepecoin, a frog-themed ERC-20 token on Ethereum, has emerged as a potential challenger to Dogecoin’s dominance in the memecoin sector. The token gained popularity in May 2023, leading the memecoin hype on Ethereum. Although the chart resembles the standard crypto pump-and-dump scheme, Pepecoin’s recent price action suggests that it could be the newest contender to
Shiba Inu, the Dogecoin-killer, experienced a surge on Thursday following the announcement of a new upgrade in the ecosystem. One of the lead developers revealed that Shibarium would soon enable users to link non-fungible tokens (NFTs) to real-world assets. This will provide proof of ownership and authentication for physical items. Shibarium is a layer 2
Binance.US, a cryptocurrency exchange, has announced that it has resolved almost all delayed U.S. dollar withdrawals. The company has also warned customers that USD withdrawals may soon be removed due to its banking partners discontinuing the service. Resolution Binance.US has been working with its banking partners to restore USD withdrawals but has suggested that this
Wimbledon, the oldest tennis tournament, will be offering artificial intelligence (AI)-based audio commentary and player analysis for fans during the upcoming competition. The initiative is the result of a collaboration between The All England Lawn Tennis Club and International Business Machines (IBM). The AI-powered audio commentary tool will allow fans to observe key moments of
Binance, a cryptocurrency exchange, has disputed claims from the Securities and Exchange Commission (SEC) that the company mismanaged user assets. In response, Binance’s U.S. subsidiary has filed a motion stating that the SEC’s claims are misleading and have the potential to harm its customers. Contradictory Statements from the Regulator Binance’s U.S. subsidiary has highlighted contradictory