Category Archive: Cryptocurrency, No picture
Bitcoin reduced volatility points to market growth and institutional influence
Bitcoin’s (BTC) recent price movements reflect a newfound stability in the crypto market, with a notable decrease in volatility, highlighted by a report by on-chain analysis firm Kaiko. Last week, amid US macroeconomic updates, Bitcoin experienced a brief surge from $66,000 to nearly $70,000 before settling back above $66,600, as per the Kaiko BTC Benchmark […]
HashKey set to airdrop HSK tokens this June
HashKey Group, an end-to-end digital asset financial services group in Asia, is set to list its HSK token in the third quarter of 2024, according to an announcement shared by the team on Tuesday. As part of the listing, HashKey plans to launch a “massive community airdrop” to reward contributors later this month. “Before the […]
Drake’s $500K Bitcoin bet upset after Celtics take Mavs 4 to 1
Renowned rapper Drake, known for flaunting his extravagant lifestyle on Instagram, recently placed substantial Bitcoin bets on the outcomes of both the NBA Finals and the NHL Stanley Cup Finals via his partnered betting platform, Stake. However, his $500,000 wager on the Dallas Mavericks winning the NBA championship has gone awry, and he could face […]
Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA
New York-based crypto exchange Uphold will discontinue support for several stablecoins, such as Tether (USDT), Dai (DAI), and Frax Protocol (FRAX), in anticipation of the upcoming Markets in Crypto Assets (MiCA) regulation, according to Uphold’s recent notice shared by Antony Welfare, a senior advisor to CBDC Europe and Global Partnerships at Ripple.The affected stablecoins also […]
MetalCore launches Barony guild system to enhance PvP experience
Blockchain-based game MetalCore introduces its guild program called Barony system, according to an announcement from Studio 369, the team behind the title. This system allows players to establish self-governed factions, known as Baronies, enhancing their gameplay experience through accelerated progression, resource sharing, and recruitment opportunities. Players within these Baronies can unite to dominate large-scale PvP […]
Trump Solana meme coin surges after suspected hack of Pirate Wires twitter
A Solana-based meme coin named after former US President Donald Trump has seen a significant surge in value following a tweet from the Pirate Wires account, an independent media outlet. Per conversations, Trump is launching an official token — $DJT on Solana. Barron spearheading. — Pirate Wires (@PirateWires) June 17, 2024 The legitimacy of the tweet […]
“We are aiming to provide a MMORPG-style experience”: Pixels founder talks about Chapter 2
Ronin-based game Pixels is gearing up for its Chapter 2, which will introduce various changes to the game. According to a recent report by data aggregator DappRadar, Pixels registered 22.3 million unique active users in May, making Ronin the largest blockchain for gaming by daily active wallets in the same period.Luke Barwikowski, founder of Pixels, […]
Ethena updates ENA tokenomics with forced vesting and new use cases
Ethena Labs has announced a significant update to the tokenomics of its native token called ENA. Users receiving ENA through airdrops, such as from the Shard Campaign, must now lock at least 50% of their claimable tokens. The lock-in can be done through one of three methods: Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. […]
US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit
The US Supreme Court has agreed to hear a bid by Nvidia, the artificial intelligence chipmaker, to dismiss a securities fraud lawsuit accusing the company of misleading investors about the extent of its sales to the crypto industry.The lawsuit is led by the Stockholm-based investment management firm E. Ohman J:or Fonder AB and seeks unspecified […]
Bitcoin price pressured by whales, long-term holders, and miners: Bitfinex
Bitcoin (BTC) dropped by 4.4% last week pressured by long-term holders (LTH), whales, and miners selling their holdings, according to the latest edition of the “Bitfinex Alpha” report. The movements happened mainly through exchange sales and over-the-counter (OTC) transactions. These groups, historically known to divest during bull markets and consolidation phases, are demonstrating their market […]
