In a bold move towards expanding its presence in the Web3 world, Yuga Labs has recently acquired PROOF, a platform known for its focus on art and community engagement. This strategic acquisition includes the transfer of PROOF’s team, intellectual property, and artistic portfolio to Yuga Labs. By bringing PROOF under its umbrella, Yuga Labs is
Bitcoin (BTC) has seen a remarkable surge recently, surpassing the $50,000 mark and continuing to trade above $51,900. This surge has been attributed to the high demand coming from spot Bitcoin exchange-traded funds (ETFs). According to analysts from CryptoQuant, approximately 75% of the new money invested into BTC is flowing in through these ETFs, excluding
Recently, the Bitcoin price has been showing significant strength, breaking above the $50,000 mark for the first time since 2021. However, a prominent analyst has raised concerns about a potential bearish trend in the near future. Ali Martinez, a well-known crypto analyst, has warned investors of a possible correction based on the Tom Demark Sequential
As the anticipation for the Bitcoin ETF grows, there is a looming concern in the US Bitcoin industry. The approval of the Bitcoin ETF may lead to a shift where bitcoins held by American citizens might be controlled by massive institutions such as Goldman Sachs and JP Morgan. This shift, mandated by law, introduces a
The recent sentencing memo filed by US prosecutors sheds light on the serious charges brought against Binance and its former CEO, Changpeng Zhao (CZ). In November 2023, both entities pled guilty to charges related to money laundering and sanctions violations. This led to an unprecedented plea deal that includes a staggering criminal penalty of $4.3
With the fourth halving event for Bitcoin just around the corner, miners are stepping up their game as the mining difficulty metric surged by more than 8% recently. This increase propelled the difficulty to a new all-time high, showcasing the resilience of the blockchain network. The mining difficulty, a crucial element of the BTC ecosystem,
Cardano’s price broke through the $0.61 resistance level on February 16, signaling a potential uptrend in the cryptocurrency’s value. This surge in price comes amidst a unique trend in the derivatives market, hinting at further bullish action in the near future. Since January 25th, Cardano’s price has increased by 37%, reaching a peak of $0.61
VeChain has recently experienced a significant surge in price, leading to a market price of $0.048 with a 24-hour change of +6.23%. This surge can be attributed to the anticipation of a major update that is set to be released at the Mobile World Congress in Barcelona later this month. However, the current price positioning,
Exverse, a groundbreaking free-to-play Web3 game, has recently announced the successful completion of a $3 million private funding round. This funding round, led by Cogitent Ventures, Cointelligence, and Moonrock Capital, marks a significant milestone in the gaming industry. Unlike its predecessors in the Web3 gaming space, Exverse is focusing on delivering a high-quality gaming experience
XRP, the cryptocurrency associated with Ripple, has experienced a notable increase in price over the past 24 hours. After surpassing the $0.57 mark, the bulls were unable to sustain the momentum, leading to a slight dip to around $0.56. Nonetheless, this represents a significant uptick of over 10% since February 9th when XRP was trading