In the beginning of July, Mt. Gox, the now-defunct cryptocurrency exchange, began the process of repaying creditors who were affected by the infamous 2014 hacking incident. This move was long-awaited by those who had lost their funds in the hack, and it sparked a mix of curiosity and concern among the crypto community. Market Stability
Russia has recently made headlines with the passing of a bill legalizing Bitcoin mining and the use of cryptocurrency for international trade. This move marks a significant shift in the country’s approach to digital assets and currencies, with implications for both the domestic and international financial landscape. Regulatory Framework and Compliance The new legislation aims
The long-awaited Ethereum ETFs have finally hit the market, marking a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are looking at how the effects could play out on Ethereum’s price action in the coming months. Renowned crypto analyst Doctor Profit has made a bold prediction. According to him, Ethereum’s value is
Igloo, Inc., the company behind the popular NFT brand Pudgy Penguins, recently announced the successful closure of over $11 million in funding. Founders Fund led the investment round, with other notable parties like Fenbushi Capital, 1kx, Everest Ventures Group, and Selini Capital also participating. This funding will play a crucial role in the development of
Solend, a popular lending protocol built on Solana, has recently undergone a rebranding to Save and has relaunched its platform at save.finance. This strategic evolution goes beyond just a name change and aims to provide users with enhanced financial services, ranging from borrowing to trading. With three new innovative products introduced, Save is positioning itself
Ethereum’s price has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend. The breakout above the critical 100-day moving average at $3,354 led to a period of sideways fluctuation, with the price lacking clear direction. This phase confirms the breakout and suggests an equilibrium between buyers and sellers in the market.
Shiba Inu (SHIB) has recently experienced a significant drop of 13% in the past week, leading many analysts to speculate on its future performance. The popular meme coin has been struggling, with its price plummeting according to CoinGecko’s data. Some industry experts have warned that this downward trend could continue in the short term, posing
The launch of Spot Ethereum ETFs in the United States marked a significant milestone in the world of cryptocurrency trading. However, the initial results were less than impressive for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a massive outflow of $484 million on the first day of trading.
Pluto Studio, the GameFi publishing platform behind Catizen, has recently received a major investment from Binance Labs. This partnership is set to inject funds into the platform, enabling the development of new initiatives and solidifying Pluto Studio’s position as a leader in the Web3 gaming space. Catizen, a Telegram-based gaming bot developed by Pluto Studio,
Atari, a household name in the gaming industry, has always been at the forefront of innovation. In a bold move, Atari has entered into a partnership with Coinbase, a leading cryptocurrency exchange, to bring classic games such as Asteroids and Breakout into the world of blockchain technology. This partnership aims to reimagine these iconic games
Following a major exploit, India-based centralized exchange WazirX has been struggling to restore its full operations. The exchange’s co-founder, Nischal Shetty, took to social media to share the challenges they are facing and the efforts being made to find a solution. With nearly half of its assets lost in the exploit, WazirX is actively seeking
The Coinbase premium turned positive in early July after a period of concern following a dip in mid-May. According to research from Kaiko, this could hint at a resurgence of institutional interest in Bitcoin. The Coinbase premium, a key indicator of institutional sentiment in the cryptocurrency market, measures the difference between hourly bitcoin prices on
The United States House of Representatives recently passed the Financial Technology Protection Act, a bill that aims to address the growing concerns surrounding the use of digital platforms for illicit activities and terrorism financing. The bill, introduced by Representative Zach Nunn on April 27, 2023, was approved on July 22, 2024. One of the key
As the approval for several spot Ethereum ETFs has been granted, the crypto market is eagerly awaiting their launch on Tuesday. While there have been adjustments to registration statements, the price of Ether has remained relatively stable. According to Kaiko, a leading crypto data provider, there is anticipation that the inflows from these spot ETFs