Author: News Room
In a blog post published on March 19, Brian Armstrong, the Co-Founder and CEO of Coinbase, challenges the prevalent skepticism surrounding the utility of cryptocurrencies. Armstrong confronts the narrative that crypto’s only purposes are speculation and illicit activity, saying that over 50 million Americans and 400 million people globally have engaged with crypto, with illicit activities constituting less than 0.5% of transaction volume. Armstrong points out that, while many are drawn to cryptocurrencies for investment opportunities, the underlying attraction is a fundamental distrust in traditional financial systems. He references the historical decision by the US in the 1970s to sever…
Cryptocurrency markets have faced a challenging week as investors opted to secure profits, leading to a pause in the macro uptrend. In the same way, Stacks (STX), the layer 2 network aimed at making Bitcoin more functional, has been subject to high volatility. However, after a steep fall to $2.47, STX made a rebound towards $2.90, amid market instability. Bitcoin Leads Market Correction The selloff was led by Bitcoin, which suffered a huge pullback from its previous week’s high above $73,000. The fall pushed Bitcoin below the $62,000 level, causing a big correction across the altcoin market. During the market…
Yuga Labs has released their under-development Metaverse “Otherside” and received mixed reviews for the same from the initial users. Yuga Labs is a blockchain technology company involved in the development of NFTs and digital collectibles. It has dedicated itself to shaping Web3 through storytelling, experience and community building. The company recently did a test of its Bored Apes-themed other side, Metaverse for a handful of NFT holders this week. The metaverse is designed for players to decide their fun, which means that there is little guidance available and players themselves must control their own experiences. After the launch, users shared…
Solana has been surging again lately, rising 38% this week alone to pass $200 for the first time since 2021—and it has skyrocketed from the sub-$10 mark it hit in late 2022. And if you’re looking to fill your wallet with even more Solana, then why not earn more by playing games? Numerous play-to-earn games are based on Solana, and either reward players with SOL itself or another token within the Solana ecosystem, which can be swapped for SOL at an exchange. In some of the examples below, you’ll need to purchase an NFT to enable in-game earnings—but it might…
The U.S. SEC and Ripple have filed a joint proposal seeking to govern all sealing issues with respect to the upcoming remedies-related brief that would be filed in the lawsuit. In a motion submitted yesterday in the United States District Court for the Southern District of New York, the parties proposed a new schedule for sealing confidential materials in the upcoming remedies brief. As usual, the development was shared by prominent crypto advocate James K. Filan in a tweet yesterday. #XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint sealing proposal “to govern sealing issues relating to the…
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…