Yuga Labs recently announced a partnership with Improbable during a Town Hall meeting at Otherside, a metaverse developed by Yuga Labs. This collaboration involves migrating Otherside onto Improbable’s MSquared network, which has generated a lot of excitement within the community. The potential benefits of this partnership have sparked anticipation among “Voyagers,” the community members of
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Coinbase, a well-known player in the crypto market, made headlines recently with its first-quarter revenues totaling $1.64 billion. This amount surpassed the expected $1.34 billion, shocking both analysts and investors. The surge in revenue comes at a time when Bitcoin is experiencing a robust rally, significantly impacting the entire crypto sector. A substantial component of
The recent market-wide crash has sent the Bitcoin price tumbling below $60,000, triggering a 20% decline and exposing critical support levels for the cryptocurrency. One of the key figures in the crypto space, Norok, has identified $51,800 as the most crucial support level for Bitcoin. According to Norok, this level is essential for maintaining the
The rise of Web3 technology has paved the way for new possibilities in the realms of creativity and innovation. One of the trailblazers in this space is Imaginary Ones, a blockchain-based platform that seamlessly merges art, storytelling, and community engagement. Their recent achievement of reaching 2 million downloads for their mobile game Bubble Rangers demonstrates
The cryptocurrency market experienced a brief crash recently, with Dogecoin ($DOGE) being one of the fastest recovering coins. In the past 24 hours, DOGE has seen a 7% increase, bringing its price to $0.1317. Despite this recovery, Dogecoin is still down by 12% from the previous week. Bitcoin ($BTC) and Ethereum also faced losses, with
In the midst of a significant pullback in the crypto market, economist and trader Alex Krüger provided insights into the peculiarities of the current market cycle. Notably, meme coins have taken the spotlight, alongside the frenzy surrounding spot Bitcoin ETF launches. While the initial hype propelled these meme coins to new heights, many of them
The Fintech giant Block is currently facing scrutiny from federal prosecutors in the Southern District of New York due to allegations of significant compliance failures involving its main business units, Square and Cash App. These allegations emerged after a former employee disclosed multiple lapses in the company’s transaction monitoring systems. The former employee provided internal
The meme coin sector has faced heavy losses recently, with market capitalization dropping below $50 billion. Dogecoin (DOGE), one of the largest assets in this category, has seen a 15% weekly price decline. However, there are signs of potential recovery for DOGE, with a rise in non-empty wallets indicating increased demand. The number of addresses
The former CEO of Binance, Changpeng Zhao, recently emphasized the critical importance of compliance in the crypto industry. In the wake of his own legal troubles and imprisonment due to breaking US compliance rules, Zhao acknowledged the necessity of adhering to regulations. He stated that he would step back and remain a passive investor in
The recent downturn in the price of Bitcoin has caught the attention of investors and analysts alike. After months of euphoria following the launch of Spot Bitcoin ETFs in the US market, Bitcoin has finally broken below the $60,000 support level for the first time in two months. This signals a potential shift in market
