The decision of major retail companies in South Korea, such as Lotte and Hyundai, to withdraw from the non-fungible token (NFT) market marks a significant shift in their digital strategies. This move comes in response to a slowdown in the NFT industry and a refocusing of resources towards their core business operations. Lotte Home Shopping,
In a recent hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam discussed the agency’s readiness to take on additional responsibilities in the crypto market. Behnam emphasized that the CFTC is well-equipped to oversee crypto commodities as they fall under the agency’s existing regulatory framework. He refuted the idea that the CFTC would
The Bitcoin market is experiencing a shift in dynamics, with the emergence of a new wave of short-term traders alongside the steadfast veteran holders. A recent report by Bitfinex Alpha sheds light on this dichotomy in investor behavior, showcasing the contrast between those chasing quick profits and those accumulating for the long term. Spot Bitcoin
The recent drop in the price of Ethereum (ETH) to around $3,500 has left many investors concerned about the future of the cryptocurrency. However, analysts are optimistic about the potential for new all-time highs due to a number of positive technical indicators. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI)
There has been a recent surge in bullish expectations for Cardano, with one crypto analyst predicting that the price could reach as high as $2. This prediction is based on the upcoming Chang upgrade, which has generated excitement within the Cardano community. The analyst, known as @Av_Sebastian, believes that the price of ADA could rally
Terraform Labs has recently come to a settlement agreement with the Securities and Exchange Commission (SEC), agreeing to pay a hefty fine of $4.47 billion for their involvement in fraudulent activities related to the defunct Terra blockchain. This settlement comes after the SEC filed charges against Terraform and its co-founder, Do Kwon, for securities fraud
Recently, Terraform Labs CEO Chris Amani made a significant announcement regarding the future of Terra. In light of a $4.5 billion settlement with the SEC, Amani stated that Terra will transition into becoming a community-driven project. This decision comes as the company prepares to wind down its operations. Amani emphasized the need for the community
Parallel, a revolutionary NFT-based card game powered by Ethereum, has recently made its debut on the Epic Games Store. Developed by the esteemed Parallel Studios team, the game offers players a unique gameplay experience set in a futuristic sci-fi world on Earth 10,000 years in the future. With five factions competing for control, players must
Gamee, a hypercasual gaming ecosystem managed by Animoca Brands, initially operated its games on Telegram. However, the recent surge in activity within the network can be attributed to a strategic decision to transfer Gamee’s GMEE token to Ethereum after Polygon was hacked for $15 million in early 2024. Impact of TON Blockchain Integration Apart from
Cryptocurrency analyst Dave the Wave has made waves with his bullish prediction for Bitcoin, despite a recent setback in its price. According to Dave the Wave, Bitcoin could potentially reach as high as $300,000 based on his logarithmic growth channel (LGC) indicator. This unprecedented price level is expected to be achieved by 2025, as indicated