A recent article by Time followed the story of Samerson Orias, who, like many Filipinos during covid, had turned to Axie Infinity to supplement their income. But an unsustainable Play-to-Earn structure, plus the issues caused by the Ronin hack, has led to a mass exodus of Axie players from the once lucrative platform. Orias and …
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Investment bank Moelis & Co. launched a new initiative called ‘the Global Blockchain Group’ to advise blockchain companies to increase crypto adoption by offering their existing advisory capabilities. Moelis & Co.’s co-founder John Momtazee is appointed to oversee the effort. The company’s long-term investor Lou Kerner, the founder of CryptoOracle Collective, is appointed as a …
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With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4% as the value of Bitcoin (BTC), Ethereum (ETH), and other crypto assets have dropped in the last 24 hours. Coinglass data showed that over $150 million in positions …
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Thailand’s Securities and Exchange Commission (SEC) has launched a public investigation to ascertain the impact of losses incurred by users following the suspension of withdrawals on the Zipmex platform. Users are requested to fill out a form explaining their experience. The direct investigative effort of the SEC with affected users is coming shortly after issuing …
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Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a “soft rug pull,” blockchain security and analytics firm PeckShield alleged in a July 25 tweet. Rug pulls refer to scams where developers of a cryptocurrency project attract investors and then abandon the project and abscond with the money. Wallets …
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Shiba Inu’s team announced the coming of the new SHIB Burn Visa card on July 25, which burns SHIB while making payments. The announcement was made through Shiba Inu’s burn tracker Twitter account, @shibburn. The three-second announcement video only showed an orange-colored Visa card with SB initials, with the slogan “Make Payments, Burn SHIB.” Shibburn …
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc. filed its second-quarter report with the …
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Chipotle Mexican Grill, often referred to as simply Chipotle, has announced a new cryptocurrency game that encourages fans to “Buy the Dip.” The game aims to give away over $200K in crypto rewards and coupons for specific foods priced at a penny. Chipotle Returns With Another Crypto-Infused Contest In April 2021, Bitcoin.com News reported on …
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite the fact that two negative GDPs have always been considered a …
Are you looking for new ways to invest in digital finance? We have all you need to know about the latest opportunity, non-fungible tokens or NFTs’. At BC.GAME, you now have the chance to up your earnings by getting invested in its very own NFT, Degen Pass. In the early 2010s, NFTs’ brought a new …
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Uniswap has significantly outperformed other performing crypto. This crypto has moved roughly 5% upward which is considerably higher than other cryptos on the daily mover list. Also, readings on trading indicators predict that a bit more upward price gain can be expected in this market. Uniswap Current Price: $7.36 Uniswap Market Cap: $5.4 billion Uniswap …
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The blockchain space is seeing some areas of strength despite the perceived downturn in the market. The perpetual futures funding rates for Bitcoin (BTC) and Ether (ETH) have flipped back to positive on major exchanges, which shows bullish sentiment among derivatives traders. In addition, Bitcoin started trading below its cost basis, which has marked previous …
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Bitcoin (BTC) could be in the process of bottoming after gaining 25%, based on several market signals. BTC’s price has rallied roughly 25% after dropping to around $17,500 on June 18. The upside retrace came after a 75% correction when measured from its November 2021 high of $69,000. BTC/USD daily price chart. Source: TradingView The recovery …
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United States-based fast casual restaurant chain Chipotle has started an online game which will give customers the chance to win more than $200,000 in crypto. In a Monday announcement, Chipotle said that, through July 31, fans would be able to play its “Buy The Dip” game using their rewards accounts. The company will give away …
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The United States Commodity Futures Trading Commission (CFTC), the regulatory agency that shares primary crypto regulatory responsibility with the Securities and Exchange Commission, will undergo restructuring to become more proactive and comprehensive, CFTC chair Rostin Behnam announced on Monday. LabCFTC, which was described as “the focal point for the CFTC’s efforts to promote responsible fintech innovation,” …
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