Confiction Labs, the developer behind the popular shooter game Riftstorm, has recently unveiled a groundbreaking system known as Proof of Exposure. This system is specifically designed to tackle the growing issue of bot accounts in Web3 gaming by integrating NFT allowlist verification. The introduction of this system is a direct response to the disruptions caused
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The recent settlement of $1.76 million between Binance and the Brazilian securities regulator, Comissão de Valores Mobiliários (CVM), brings an end to a year-long investigation into the exchange’s activities in the country. The crackdown began in July 2020, when the CVM ordered Binance to cease its unauthorized derivatives trading activities in Brazil. Despite warnings and
Core Scientific, a Bitcoin mining company based in Texas, has recently priced an increased offering of $400 million in 3.00% convertible senior notes due in 2029. The initial offering size was $350 million but has been upsized due to favorable market conditions. These notes will be settled on August 19, 2024, and will be issued
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual in the world of web3 content writing, journalism, and trading. His path into the realm of cryptocurrencies was not paved with success from the start but rather with a scam that involved a Ponzi scheme using crypto as payment. Instead of being deterred by this
Peter Brandt, a veteran crypto analyst, recently discovered an inverted or expanding triangle pattern in Bitcoin (BTC). This pattern, as analyzed through classical charting principles, has significant implications for Bitcoin’s price trajectory. Brandt’s assessment of the technical pattern formation sheds light on potential outcomes for Bitcoin’s price movements. Brandt’s examination of the chart revealed two
The defunct crypto hedge fund, Three Arrows Capital (3AC), is currently embroiled in a $1.3 billion lawsuit against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators of 3AC are accusing TerraForm Labs of manipulating the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens. This alleged
The current market condition has placed many new Bitcoin investors in a state of financial stress. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis illustrate that newer market participants are facing significant losses on their bitcoin investments. The Short-Term Holder MVRV
Recent trading activities in Ethereum have revealed the formation of a bearish triangle pattern, which is pointing towards a potential significant breakout. If Ethereum breaks below the lower boundary of this triangle, it may result in a sharp decline towards the $2,160 support level. On the 4-hour chart, Ethereum’s price is currently below the 100-day
Ethereum (ETH) recently experienced a significant downturn, dropping to $2,112, the largest market slump of the year. However, the cryptocurrency has since rebounded, gaining 8% over the last week and surpassing the crucial $2,600 level. This recovery has reignited hopes of reaching the $3,000 milestone. Market analytics firm CryptoQuant highlighted a substantial liquidation of long
The latest data from crypto asset manager CoinShares indicates a significant rebound in the crypto market. According to the ‘digital asset fund flows weekly report,’ digital asset investment products experienced $176 million in inflows last week. This surge in investor confidence, as noted by James Butterfill, head of research at CoinShares, suggests a strong and
