The recent turmoil in the cryptocurrency market, especially in Ethereum (ETH), has caused a significant drop in its value, with a nearly 15% decrease over the past week. Adding fuel to the fire, renowned economist Peter Schiff has made a gloomy prediction for ETH, suggesting that it could crash to as low as $1,500. This
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In a recent announcement, popular multi-chain DEX, PancakeSwap unveiled a significant community reward program scheduled to run from July 5 to August 5. This initiative aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their unwavering support towards the zkSync PancakeSwap deployment since July 2023. The
Former Solicitor General Donald B. Verrilli, who currently serves as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. In a joint amicus brief filed on July 3 with Paul Clement, the former Solicitor General under President George W. Bush, Verrilli highlighted growing bipartisan concerns about
The European Banking Authority (EBA) recently made updates to its Travel Rule guidelines, extending the regulations to include crypto service providers and intermediaries. This change is set to have a significant impact on the crypto exchanges operating within the European Union, affecting the way they handle funds and crypto asset transfers. Starting on December 30,
Taiwan Mobile, a prominent player in the telecom industry in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move has positioned the company as the 26th VASP in Taiwan, according to the latest report from the Financial Supervisory Commission. The company’s General
In a groundbreaking move, Double Jump.Tokyo, a prominent blockchain application developer in Japan, has unveiled a new collaboration with gaming giant Ubisoft. This partnership is set to revolutionize the gaming industry by providing web3 integration support and serving as a key marketing ally for Ubisoft’s web3 game, Champions Tactics, specifically in the Asian market. Champions
Retroblock is an innovative GameFi platform that is set to transform the retro gaming industry. The platform focuses on competition, interaction, and rewards, providing players with a unique gaming experience. One of the exciting features of Retroblock is the launch of the Synth City Genesis NFT Collection, which consists of 1001 unique items representing various
One of the key factors that have contributed to the recent dramatic fall in Bitcoin’s price is the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution has raised market anxiety significantly, as it represents 0.68% of the total Bitcoin supply. It is intended to be distributed among the creditors
The cryptocurrency market experienced a significant downturn in the last 24 hours, with the total capitalization dropping to as low as $2.07 trillion, marking an 8.6% decrease in just one day. This decline has caused major digital assets to plummet, with only a handful managing to buck the trend and see slight gains. Bitcoin, the
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing a significant downturn in the past week, with a 9% price decline bringing it down to $3,130. The market is now closely watching crucial levels that need to be maintained to avoid further losses and potential liquidations. Analysts are highlighting the importance of the
