Ever since March 20, Cardano’s price has been relatively stagnant, ranging from $0.61 to $0.64. This lack of movement is in stark contrast to other cryptocurrencies such as Solana (SOL) and Avalanche (AVAX), which have experienced significant price gains. The on-chain data trends point towards a bearish catalyst behind Cardano’s underperformance in the market. One
WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, has recently obtained regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business within the state. This approval came in the form of a charter that allows the company to function as a limited-purpose trust company under the New York
Recent reports from analysts at JPMorgan have cast a shadow of doubt over the optimistic expectations many had for Bitcoin following the Halving event. Despite initial enthusiasm, the analysts have warned that a storm may still be brewing for the flagship cryptocurrency. They point to various signals that indicate a potential further downturn in Bitcoin’s
The recent partnership between OKX and Immutable is set to revolutionize the way users interact with NFTs and digital assets within the gaming industry. By incorporating Immutable’s zkEVM chain into both the OKX Marketplace and Wallet, a GameFi NFT launchpad will come to life. This collaborative effort will pave the way for a specialized GameFi
Immutable Games has made waves in the mobile gaming industry with the announcement of Guild of Guardians’ global launch. This highly-anticipated role-playing game is set to release on May 15th, marking a significant moment for gamers around the world. The game invites players to immerse themselves in the mythical realm of Elderym, where they can
After a long back-and-forth, the Terraform Labs co-founder, Do Kwon, may finally be handed over to South Korean authorities. The Appellate Court of Montenegro has confirmed the decision to extradite him back to his native country. This decision comes after Terraform Labs’ Chief Executive Officer, who was arrested alongside Kwon in Montenegro, was earlier supposed
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a chain reaction in the crypto market, resulting in approximately $300 million in liquidations. Traders who had bet on the market’s decline found themselves caught off guard by this sudden reversal in Bitcoin’s trajectory. Data from Coinglass revealed that within a 24-hour period, a
Bitcoin, the leading cryptocurrency, experienced a significant retracement followed by a notable recovery as the week came to a close. After dropping from the $73,000 mark to $61,000, many within the cryptocurrency community were hopeful for a bullish move. However, despite the recent surge to $67,000, Bitcoin has not fully recovered to its previous highs.
The newcomer AI-integrated security token and endearing meme coin, $SCOTTY The AI, made its debut on the decentralized exchange Uniswap to great anticipation. Starting at a price of $0.01 per token, $SCOTTY quickly rose to $0.02597, marking an impressive 150% increase within just half an hour of its launch. This surge in value has caught
In a bold move towards embracing digital assets, asset management firm BlackRock has selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This partnership marks a significant step in the journey towards mainstream adoption of cryptocurrencies in traditional financial institutions. BlackRock’s BUIDL fund aims to