Yuga Labs, known for driving innovation within the Web3 space, recently made a significant move by acquiring PROOF. This acquisition signifies a strategic alignment with Yuga Labs’ vision to become the forefront of Web3 technology. By bringing PROOF under its wing, Yuga Labs is not only expanding its presence but also solidifying its position as
Following a recent surge in the price of Bitcoin, reaching above $50,000 for the first time since 2021, there have been speculations of a potential bearish correction in the near future. A prominent crypto analyst, Ali Martinez, has highlighted the possibility of a one-to-four candlesticks correction based on the Tom Demark Sequential indicator. This prediction
Bitcoin (BTC) has recently reached a milestone by surpassing the $50,000 mark for the first time since December 2021. The cryptocurrency has continued its upward trajectory and is currently trading above $51,900, showing a strong bullish sentiment in the market. The surge in Bitcoin’s price has been attributed to high demand from spot Bitcoin exchange-traded
As the Bitcoin industry in the US eagerly anticipates the launch of a Bitcoin ETF, concerns are rising about the potential impact on the industry. With major institutions like Goldman Sachs and JPMorgan expected to be custodians of the ETFs, there is a looming threat of Bitcoin being held not by individual investors, but by
Recently, US prosecutors filed a sentencing memo requesting approval of the plea deal entered into by Binance and its former CEO, Changpeng Zhao (CZ). This deal, made in November 2023, involves Binance admitting guilt to charges related to money laundering and sanctions violations. As a result, Binance is required to pay a hefty $4.3 billion
As the countdown to the fourth halving event continues, Bitcoin miners are displaying a high level of operation on the blockchain. The mining difficulty metric, a critical aspect of the Bitcoin blockchain, experienced a significant uptick of more than 8% recently, reaching a new all-time high. This resilience in the face of challenges such as
Exverse, a free-to-play Web3 game, has recently secured $3 million in a private funding round. Unlike early Web3 gaming models that prioritized tokenomics and marketing over game development, Exverse is focusing on delivering a high-quality gaming experience. By addressing flaws in existing models, Exverse aims to appeal to mainstream gamers and crypto enthusiasts alike. Led
Cardano (ADA) has recently broken the $0.61 barrier, signaling a potential bullish trend in the crypto market. A unique trend in derivatives market trends suggests that more bullish action could follow. As of Jan. 25, ADA’s open interest stood at $217.1 million. However, in a surprising turn of events, it has increased by an additional
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant surge in price recently. The price of VeChain (VET) has seen a remarkable increase of 74% over the past six days, reaching a market price of $0.048. This surge in price can be attributed to a key reclamation of the 20-day moving average (DMA) on February
Ethereum (ETH), the second-largest cryptocurrency globally, is poised for significant growth, inching closer to the coveted $3,000 mark. Analysts speculate that this may just be the start of a remarkable ascent, potentially culminating in a staggering $4,000 finish by the end of February. One of the driving factors behind ETH’s upward trajectory is the rising
