Soccerverse, a blockchain-based football management game, has recently received a substantial investment of £2.5 million ($3.1 million) led by game publisher Square Enix. This funding round, supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. This injection of capital signifies a significant moment for Soccerverse as it aims to revolutionize the
admin
The recent decision by the US Securities and Exchange Commission (SEC) regarding exceptions for certain institutions impacted by Staff Accounting Bulletin No. 121 (SAB 121) has sparked debate within the financial industry. This move is seen as a significant development in the realm of crypto accounting compliance and has the potential to shape the future
Bitcoin’s price saw significant fluctuations recently, hitting close to $60,000 after the release of CPI numbers, only to plummet by over $2,000 shortly after. This rollercoaster ride has left investors on edge as the primary cryptocurrency struggles to maintain its momentum. With dramatic swings in price from multi-month lows to temporary peaks, Bitcoin’s volatility remains
A recent prediction by a crypto analyst suggests that Ethereum (ETH) could potentially surge to new all-time highs, specifically targeting the $8,000 price mark. While this forecast may seem optimistic, it is important to critically analyze the key conditions that need to be fulfilled for Ethereum to achieve this ambitious price target. Roadblocks Ahead The
Railgun, a popular crypto privacy protocol, has recently made headlines for thwarting an attempt by Inferno Drainer to launder stolen funds. SlowMist’s anti-money laundering tracking system, MistTrack on X, reported that Railgun intercepted an attempt to launder over 174 ETH, valued at around $533,000 at the time. As a result, the stolen funds were sent
Anomaly Games has recently announced their collaboration with the Google for Startups Cloud Program, marking a significant step towards revolutionizing the gaming sector. This strategic partnership aims to blend advanced cloud technology with artificial intelligence and Web3 innovations, promising a novel approach to game development and deployment. By becoming a member of the Google for
The Cardano blockchain has been relatively quiet since the beginning of July, alongside an ADA price consolidation. As per on-chain transaction data, Cardano whales have also been relatively quiet since the last week of June. Daily whale inflows have steadied under 5 million ADA since the beginning of the month, save for a recent spike
During a recent hearing, Judge Katherine Polk Failla expressed criticism towards Coinbase for its attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the firm. Failla highlighted that Coinbase’s request included Gensler’s statements prior to taking office as SEC chair in 2021. The company’s lawyer defended this request by explaining that they
The recent vote in the US House of Representatives regarding HJ Res. 109 to rescind SEC Staff Accounting Bulletin (SAB) 121 ended in a disappointing outcome. While 228 House members voted in favor of ending SAB 121, 184 voted against the resolution and 21 abstained. This majority support was still insufficient to overturn the bulletin,
In a recent development, the US Securities and Exchange Commission (SEC) has officially closed its investigation into stablecoin issuer Paxos. This decision comes after over a year of uncertainty surrounding Paxos and its role in the issuance of the Binance USD (BUSD) stablecoin. On July 11, Paxos made an announcement revealing that they had received
