Author: News Room
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…
Amidst a turbulent week for cryptocurrencies, macro-economist Alex Krüger has provided a crucial breakdown of the factors leading to the market’s downturn. With a significant decline in Bitcoin’s value leading the charge, the cryptocurrency landscape has seen a ripple effect, impacting a broad spectrum of digital currencies. Here, we delve into Krüger’s analysis, enriched with additional context to offer a comprehensive overview of the current market conditions. The Leverage Effect: A Double-Edged Sword Krüger identifies excessive leverage as the primary culprit behind the market’s volatility. With Bitcoin’s price peaking at $73,794 on 14 March and subsequently falling to $61,447 by…
Bear markets are a natural part of the financial cycle, with even the most bullish periods of growth having to end in contractions. Yet each bear market has its own unique causes and conditions, as the cryptocurrency industry has already found out during the two major crypto winters it has experienced since Bitcoin’s launch in 2019. The first of these winters arrived in 2018 and the second in 2022. Both of these depressions had their own particular triggers, with the differences between them – related to market dynamics, utility and regulation – showing how far crypto has matured since its…
CrossSpace, a leading platform in the realm of social mining and content investment, has recently unveiled an exciting partnership with TOZ Universe. It is an innovative Web3 community Metaverse featuring the renowned Anipang IP. This partnership is promising for both platforms and will boost user experiences and global Web3 networks. @CSpaceOfficial🤝@TOZUniverse We are super excited to partner with TOZ Universe, a Web3 community metaverse that includes the 3D Profile Avatar (PFA) “FAM NFT” and the metaverse space “ANIPANG WORLD.” We will unlock a whole new world of NFTs & Sogafi!!!Check partnership… pic.twitter.com/1MFuQw4FGq — CrossSpace Official ⚛️ (@CSpaceOfficial) March 15, 2024…
The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market. Lorna Smith, Minister for Financial Services, Labour and Trade, recently said that the BVI is well-positioned to be a significant player in the worldwide digital asset market. She emphasized the need for a strong set of rules to manage this field, and highlighted the importance of balancing innovation with compliance of legal standards, local outlet BVI News reported Tuesday. She added that…
Metaverse Web3 game Forever Has Fallen has officially launched on the Unique Network today, combining elements of storytelling and monetization. Players can engage with the game as Bounty Hunters in a digital universe, collecting clues, interacting with characters on social media, and discovering ‘easter eggs’, all while solving puzzles that contribute to their progression in the game. Unique is a part of the Polkadot ecosystem, where they created the non-fungible tokens (NFTs) called Bounty Hunter Tickets (BHTs), which unlock different experiences within the game. These tickets can be earned and sold in the marketplace, with the current record for the…