The recent decline of Bitcoin by approximately 20% from its year-to-date high raises questions about the broader performance of cryptocurrencies. In order to gain a better understanding of the market, it is imperative to assess the performance of tokens listed in the Coinbase and Binance lawsuits. These lawsuits, filed on June 6 and June 5,
In a groundbreaking collaboration, renowned game studio, Endless Clouds, has joined forces with Immutable to launch its highly anticipated games, Treeverse and Capsule Heroes, on Immutable’s zkEVM blockchain. This partnership marks the convergence of two industry powerhouses and has garnered considerable attention within the gaming community. With an immersive MMORPG and an intense player-versus-player (PVP)
An Ethereum (ETH) whale recently made waves in the crypto world by executing a series of transactions that involved a significant movement of funds across various platforms. According to Spot On Chain, a blockchain analytics platform, this activity amounted to approximately $46.02 million in ETH tokens. What makes this even more intriguing is that the
On Monday, the Securities and Exchange Commission (SEC) shocked the public with the disclosure that the multi-factor authentication (MFA) on its X account had been disabled, leading to a false post regarding the approval of spot Bitcoin ETFs. This incident occurred on January 9, 2024, when the SEC’s official Twitter account was compromised, raising serious
In the world of cryptocurrency, the approval of exchange-traded funds (ETFs) holds significant importance. Among the various digital currencies, Ethereum has emerged as a strong contender for a spot ETF. However, according to FOX Business reporter Eleanor Terrett, the future of spot Ethereum ETF approvals seems uncertain. Terrett suggests that the U.S. Securities and Exchange
The Internal Revenue Service (IRS) recently issued a reminder to all taxpayers to report any income related to digital assets. The IRS defines digital assets as including convertible virtual currency and cryptocurrency, stablecoins, and non-fungible tokens (NFTs). The agency has expanded the number of forms that include the question about digital assets and requires all
Coinbase, the prominent cryptocurrency exchange, has recently expressed concerns about the overwhelming influence of go-Ethereum (Geth) and announced its intention to diversify its execution clients. In a statement shared on the social media platform X (formerly Twitter) on January 23, Coinbase Cloud revealed ongoing evaluations to identify qualified alternative execution clients for its platform. The
The world of cryptocurrency is constantly evolving, and investors are always on the lookout for the next big opportunity. With BONK’s price plummeting by 70% since mid-December, the search for a new crypto winner is more intense than ever. Launchpad XYZ’s crypto ICO, set to end in just 24 hours, has caught the attention of
The concept of a metaverse, a virtual shared space where users can interact in various ways, has been gaining traction globally. In response to this trend, the Chinese government has taken proactive steps towards establishing standards for a Chinese metaverse platform. The Metaverse Standardization Working Group This month, the Ministry of Industry and Information Technology
Speculation is swirling once again about a possible significant Bitcoin purchase, potentially one of the largest in cryptocurrency history. Crypto analyst Justin Verrengia has raised the possibility that Saudi Arabia and Qatar may be preparing to acquire a massive amount of Bitcoin, with an official announcement expected in the near future. Verrengia, host of the
The recent approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has undoubtedly sparked excitement in the crypto space. However, despite this development, the prospects for the approval of Ethereum Spot ETFs seem less optimistic. JP Morgan, a renowned American multinational financial service firm, has raised concerns about the potential
In a groundbreaking collaboration, Darewise Entertainment, a subsidiary of Animoca Brands, and Animoca Brands Japan have partnered with Honda to co-develop Web3 automotive gameplay in the highly anticipated AAA science fiction game, ‘Life Beyond’. This partnership aims to revolutionize the gaming experience by introducing new gameplay elements and assets. By integrating Honda’s expertise and craftsmanship
Cryptocurrency analyst and enthusiast, Chris J Terry, has recently shared his views on the price action of Bitcoin, projecting a continuous downward trend for the popular crypto asset. Terry took to the social media platform X (formerly Twitter) to express his belief in the possibility of a “continuation of a flat or declining trend.” His
Sen. Elizabeth Warren recently made comments that have drawn significant backlash from the cryptocurrency community. Her remarks, based on a report from the U.S. Government Accountability Office (GAO), suggested that cryptocurrency is being used by “rogue nations” to evade sanctions and pose threats to national security. However, many in the crypto community argue that her