Author: News Room
Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin. But while Pixels is a relatively robust experience akin to traditional video games, Crypto Valleys—at least in its initial incarnation—is focused on keeping DeFi degens coming back to harvest more gains. In the web-based game, you’ll…
On March 22, Fred Thiel, the CEO of Marathon Digital Holdings (NASDAQ: MARA), joined CNBC’s ‘Closing Bell Overtime’ to discuss with co-anchor Morgan Brennan the nuances of Bitcoin’s recent performance, including its volatility, and delve into the evolving dynamics of Bitcoin mining and its energy requirements. Fred Thiel began by addressing Bitcoin’s dramatic recent rally, which saw it hit an all-time high of nearly $74,000. Thiel attributed this surge to a combination of factors, including pent-up demand for US-listed spot Bitcoin ETFs and a rotation out of miners into these funds. According to Thiel, these ETFs are yet to fully…
Online reports suggest that Mingxing Xu, commonly referred to as Star Xu, the founder of OKX, is reportedly under investigation in the United States. Xu swiftly refuted these allegations, expressing his frustrations with the ongoing FUD across social media. Is OKX Founder Facing Legal Troubles in the US? Rumors began swirling in the Chinese crypto community when Alvin, a prominent figure, fielded inquiries about Xu’s supposed arrest in the US. Alvin promptly debunked the rumors, suggesting the news was a potential ploy to manipulate OKX’s native token, OKB. “Many people asked me today if it is true that there are…
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with […] Read the full article here
A closely followed crypto strategist believes one red-hot Shiba Inu (SHIB) rival will be a top performer in the ongoing bull market. Pseudonymous analyst Inmortal tells his 211,200 followers on the social media platform X that he is bullish on the dog-themed crypto asset Floki (FLOKI) due to significant project announcements. “Important announcement on Thursday. Roadmap release on Friday. Nothing stops this train. This is what is positioning FLOKI to be the main memecoin in this bullrun.” Floki and its sister project TokenFi, a crypto and asset tokenization platform, are reportedly set to serve as official partners of the World…
A widely followed crypto analyst is warning that Ethereum (ETH) could collapse in value after failing to hold a key level. In the latest edition of the trader’s altcoin newsletter, pseudonymous crypto trader Rekt Capital warns that Ethereum could dip below $3,000 based on historical precedence. “Ethereum is in a complicated spot. Because it has rejected from the green $3,956 resistance, similarly as in the past (red circles).” The trader believes that Ethereum needs to hold the level around $3,342 or it could move down much further to the $2,700 level. “A weekly close below the orange box [around $3,342]…
Web3 has always felt like an inclusive and empowering community to be a part of. In making the transition from traditional finance to DeFi, there has been no lack of support, encouragement, and guidance. Embodying a leadership role as a female has also felt free from obstacles or adversity.Gender Gap Still EvidentHowever, despite personal experience, it cannot be ignored that the evident gender gap in Web3 has been brought to attention recently. With the recent celebration of International Women’s Day, the community must acknowledge that only 13% of founding teams in Web3 include at least ONE woman. 2023 data from Swiss…
TL;DR The meme coin sector has witnessed a significant boom, with certain assets being highly popular on social media platforms. While early traders in the ecosystem have seen considerable profits, particularly with tokens like SHIB and WIF, investors are cautioned about the potential for severe losses due to the niche’s notorious volatility. The meme coin sector has been booming in the past several weeks, with numerous assets experiencing triple-digit price increases and capturing investors’ attention. Those types of assets have also been highly popular, becoming the subject of heated discussions on social media platforms. According to DrobsTap, the meme coin with…
The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like Binance, OKX, Bybit, and Huobi were the arenas for these…
KORUS, an interactive music platform under PIXELYNX, an Animoca Brands subsidiary, has teamed up with Film.io, a decentralized filmmaking ecosystem. This partnership signifies a major advancement in entertainment, using blockchain to empower creators and safeguard their original works.—While KORUS focuses on music creation and collaboration, and Film.io specializes in filmmaking, both platforms share a common goal of supporting creators in meaningful ways within the Web3 community ethos. By coming together, they aim to champion artists’ intellectual property (IP) rights and promote fair compensation, bridging fundamental aspects of the creator economy.Film.io’s innovative platform utilizes blockchain to gamify engagement and revolutionize digital…