Author: News Room
In recent weeks, the cryptocurrency community has witnessed Bitcoin’s thrilling ascent to new all-time highs, only to see it retreat below the $63,000 mark. According to data from TradingView, although the Bitcoin price got as high as $73,794 on crypto exchange Bitstamp on March 14, it fell to as low as $61,447 yesterday. This rollercoaster has left many investors and enthusiasts seeking clarity on the forces at play in such dramatic price movements. Enter Jason Urban, the global head of trading at Galaxy Digital, who appeared on CNBC’s “Crypto World” on March 19 to explain what is happening in the…
EGRAG, a prominent analyst in the XRP community, has emphasized that his XRP target of $27 this cycle remains unchanged, highlighting historical technical patterns crossing paths. Technical Patterns Crossover In a recent analysis shared on X, EGRAG cited similarities between XRP’s current candlestick patterns and those seen approximately seven years ago. The analyst pointed out a historical crossover in XRP’s simple moving averages (SMA) over 20 and 50-day timeframes, reminiscent of patterns observed in 2017. #XRP 🚀 Is This Similar to 2017, or Are We Witnessing Something New? The historical data reveals two crosses between the Yellow Line (20 SMA)…
The crypto industry is intensifying its battle for regulatory clarity against the US Securities and Exchange Commission (SEC). Notably, the Crypto Council for Innovation (CCI), investment firm Paradigm and the US Chamber of Commerce are backing Coinbase in its legal challenge against the SEC. The industry flagbearers demand clear regulations for the crypto sector. Need For Specific Crypto Regulations Coinbase has been in a protracted dispute with the SEC, seeking specific crypto regulations. Despite its efforts, culminating in a lawsuit, the SEC insists that existing securities laws are adequate. This stance has led to legal conflicts with major crypto firms.…
Readyverse Studios and Walker Labs have joined forces to introduce a groundbreaking multi-genre metaverse battle royale experience. Currently in the works for PC and current-gen platforms, “OPEN” is set to revolutionize the gaming world as we know it.—The third-person battle royale experience, OPEN, will be the hero experience in The Readyverse. The Readyverse is a next-gen immersive and interoperable platform for discovering metaverse games and experiences. A first glimpse of OPEN was debuted in a trailer today by Readyverse Studios Co-Founders at SXSW; watch here.Venture into OPEN’s immersive multiverse, where nostalgia-infused biomes feature characters and cultural legends from iconic franchises.…
Gaming giant Square Enix, the long-running publisher behind such franchises as Final Fantasy and Kingdom Hearts, announced Tuesday that it has invested in HyperPlay, a crypto-native game launcher. And Square Enix will bring its Symbiogenesis game to the store. Billed as “strategic fundraising” for the platform, HyperPlay declined to disclose the amount of the investment. But pseudonymous founder JacobC.eth exclusively told Decrypt’s GG that he sees the Japanese publisher as “the most forward thinking of all the major game studios, and has always been on the forefront of innovation.” Square Enix has been playing in the blockchain space for a…
On March 19, Anthony Pompliano, the founder of Pomp Investments, appeared on Bloomberg TV’s “Bloomberg Crypto,” hosted by Sonali Basak and Tim Stenovec, to share his insights on Bitcoin’s recent price correction, which has seen the flagship cryptocurrency fall below $63,000. TradingView data shows that Bitcoin prices peaked at $73,794 on the Bitstamp exchange on March 14th, have been falling for the past six days, and reached a low of $61,447 yesterday: In a conversation marked by Pompliano’s depth of knowledge on Bitcoin’s historical performance and market dynamics, he provided a reassuring perspective on the current state of the market…
“Ready Player One” helped popularize the concept of a vast, shared metaverse, and the novel and film franchise are being turned into a metaverse game world of their own, as revealed earlier this year. Now, its creators have shared a first look at what’s planned. The Readyverse, as it’s called, will debut with a battle royale game experience called Open, as teased in the initial trailer embedded below. Like the source material, the Readyverse will bring in many notable brands and IP, with the teaser showcasing the classic DeLorean car (as prominently featured in the “Back to the Future” films)…
With the majority of assets in the cryptocurrency sector slowing down and reversing their gains from the previous several weeks, things do not look very optimistic for Cardano (ADA) in the short term, but artificial intelligence (AI) algorithms remain bullish regarding its price trends in 2024. As it happens, Cardano is currently recording losses on multiple charts, although it has managed to increase its price from the year’s turn and defeat Avalanche (AVAX) in the battle for the position of the eighth-largest crypto asset by market capitalization, and AI forecasting algorithms predict further improvement. Cardano price prediction 2024 So, when…
Elixir Games, a prominent Web3 gaming platform supported by Square Enix, has unveiled plans to integrate the $LITT token into two of its hit games, Tinies and No Way Back. Developed by LitLab Games, these integrations are set to roll out in April 2024, promising significant infrastructure enhancements and improved liquidity for players.—The $LITT token has already made waves in the Web3 gaming sphere with its successful debut in CyberTitans, an auto-chess title. Its integration into Tinies and No Way Back marks a strategic move by Elixir Games to bolster its lineup of innovative projects and pave the way for…
On March 19, the National Agency for Prospective Projects (NAPP) released a new mandate that increases the monthly fees for crypto market participants in Uzbekistan. According to the official press release, the updated fee structure is a revision to a mandate first established in September 2022 by the Ministry of Justice. The modification came in response to the NAPP’s evaluation of “sufficient profitability” among cryptocurrency retailers and exchanges in the sector. Consequently, the NAPP introduced a new fee structure that affected both entities. Per the new fee structure, crypto exchanges are now subject to a fee of 740 BRV, equivalent…