The cryptocurrency market experienced a slight downturn this past week, with most major coins seeing a decline in value. Bitcoin, the flagship cryptocurrency, saw a 3% slide following a sudden drop in open interest for BTC futures among institutional investors. This dip in Bitcoin’s price set the stage for what would become a week of
Samuel Edyme, also known by the intriguing nickname HIM-buktu, is a multifaceted individual with a diverse range of interests and talents. His professional journey encompasses roles as a web3 content writer, journalist, and aspiring trader. Edyme’s unique blend of skills, coupled with his keen eye for emerging trends, has led him to contribute to various
As the world’s largest cryptocurrency exchange, Binance continues to expand its list of trading options to provide users with more choices and respond to market trends. The latest announcement includes the addition of DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC trading pairs on Binance Spot. Additionally, the company will offer trading bot services for pairs such as
The recent actions taken by the US Securities and Exchange Commission (SEC) against various cryptocurrency platforms have sent shockwaves through the industry. The latest platform to come under scrutiny is OpenSea, a popular NFT marketplace. Devin Finzer, the CEO of OpenSea, took to social media to express his disappointment at receiving a Wells Notice from
The Cardano network is on the brink of a significant upgrade with the upcoming Chang hard fork, set to be deployed in the next few days. This upgrade will introduce new features and mark the blockchain’s transition into a community-run network. Originally scheduled for August 27, the launch has been postponed to September 1, 2024,
WazirX, a crypto platform, recently faced a significant setback after a $234 million hack in July. In response to this, the platform has entered into an initial 30-day moratorium, awaiting a decision from Singapore’s High Court on whether to grant an extension. This decision was prompted by a filing from Zettai Pte, the Singapore-incorporated company
OpenSea CEO Devin Finzer recently revealed that the company has received a Wells Notice from the SEC, raising concerns about the classification of NFTs as securities. This move has sparked outrage within the NFT community, with Finzer expressing surprise at the regulator’s actions against creators and artists. The decision by the SEC to target NFTs
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, mirroring the overall downturn in the cryptocurrency market. The price of ADA dropped by 39.7% to $0.39, leading to a 39.4% decrease in market capitalization to $14 billion. Despite a slight increase in circulating supply, which impacted market cap
Gameplay Galaxy, a rising star in the world of blockchain gaming, has recently secured $11.17 million in a seed extension round, bringing its total valuation to an impressive $71 million. This funding, co-led by Blockchain Capital and Merit Circle, will primarily be used to further develop Trial Xtreme Freedom, the company’s groundbreaking blockchain-based game. However,
In a significant shift in the world of decentralized finance (DeFi), Maker has recently undergone a rebranding, changing its name to “Sky” and introducing key upgrades to its stablecoin system. The once-popular DAI stablecoin has now been rebranded as USDS, with the MKR governance token also transforming into SKY. This rebrand marks a new era
