Category Archive: Cryptocurrency, No picture
Web3 gaming startup GFAL raises $3.2 million from Supercell, Mitch Lasky
Web3 gaming startup GFAL has closed a $3.2 million seed funding round with investors including Supercell and Mitch Lasky. This builds on $4.4 million GFAL raised in 2023 from token presales.According to the announcement, the funding will expand GFAL’s team and accelerate production plans, building on the soft launch of the mobile game Elemental Raiders […]
EigenLayer unveils EIGEN token with an airdrop set to May 10
Restaking protocol EigenLayer revealed its EIGEN token today, which will be airdropped to users who staked Ether (ETH) in its layer until March 15. Users who staked Ether (ETH) in EigenLayer can start claiming their tokens on May 10, with 5% of EIGEN’s supply destined for this first ‘stakedrop’, as labeled by Eigen Foundation, the […]
Samourai Wallet founders’ arrests are ‘a wake up call for crypto’ — Bitcoin pioneer Amir Taaki opines
Amir Taaki, an anarchist revolutionary, hacktivist, and programmer known in the crypto space as one the first Bitcoin core developers, has spoken out on the Samourai Wallet indictment.In a recent blog post, Taaki urged the crypto community to “step up” its game in the face of heightened state-sanctioned regulation and governmental oversight. Taaki regards the […]
Less than 0.5% of Runes tokens were successful, highlights analyst
Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma Education, shared on X that only 77 meme coins in the over 20,000 tokens launched have over 500 holders.Guiriba describes that the two most common ways to acquire Runes […]
SEC considers Ethereum unregistered security for at least a year: FOX Business
The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been operating under the belief that Ethereum (ETH), the second-largest crypto, is an unregistered security. This perspective has been held for at least a year, FOX Business reported on Monday, citing recent court filings.The filings emerged from a lawsuit filed by Ethereum software […]
“Bitcoin signals a potentially advantageous buying opportunity,” highlights Bitfinex report
The open interest (OI) funding rate for Bitcoin (BTC) futures and the MVRV ratio are showing “advantageous buying opportunity,” according to the latest “Bitfinex Alpha” report.The OI turned positive on April 24, suggesting a growing interest in long positions and a shift from bearish to bullish market sentiment. Meanwhile, the MVRV, which measures Bitcoin’s market […]
Bernstein maintains $150K Bitcoin prediction despite ‘short-term pause’ caused by ETF flows
Research and brokerage firm Bernstein recently released a note specifying and maintaining its bullish outlook for Bitcoin despite the recent slowdown in spot Bitcoin exchange-traded fund (ETF) flows.In a note to clients on Monday, Gautam Chhugani and Mahika Sapra described the trend as a “short-term pause” and maintained their $150,000 price target for Bitcoin by […]
Circle’s USDC pulls ahead of Tether’s USDT in transaction volume — Visa
Circle Internet Financial’s stablecoin, USDC, has surpassed Tether’s USDT as the market leader in transaction volume this year, according to data compiled by Visa Inc. in partnership with Allium Labs.The adjusted stablecoin metric, which aims to reflect the state of the stablecoin market while minimizing potential distortions from inorganic activity and artificial inflationary practices, shows […]
Russia prepares for total crypto ban as geopolitical tensions rise
Russia will enforce a strict ban on the general circulation of crypto assets such as Bitcoin, allowing only digital financial assets issued within its jurisdiction. This initiative, led by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, is part of a broader governmental effort to control the crypto ecosystem amid rising […]
Bitcoin and Ether drop as US stagflation fears resurface
The US economy experienced a more significant cooling than anticipated in the first quarter of 2024, with the gross domestic product (GDP) measuring an annualized rate of 1.6%, according to the Commerce Department. This marks the weakest pace of growth since the second quarter of 2022 when the economy contracted, and falls below the 2.2% […]
