Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s vision of bolstering its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to begin on August 13,
2024
After a recent price crash that saw Bitcoin dip below $60,000, many hopeful investors were left wondering if the leading cryptocurrency would ever reach a new all-time high. However, analysts like CryptoQuant CEO Ki Young still believe that there is room for growth in the long term. Ki Young recently shared his bullish outlook for
Nexera, a DeFi protocol, recently fell victim to a smart contract security breach that led to the theft of $1.5 million in NXRA tokens. As a result of this incident, the value of the protocol’s native token plummeted by more than 40%. The breach was initially reported by Cyvers, a blockchain security firm, on August
The Ronin Network recently made headlines due to a significant loss of $10 million worth of ETH as a result of a hack, adding to the growing number of Web3 security breaches in 2024. This popular gaming blockchain platform lost 4000 ETH in the incident, creating a wave of concern within the cryptocurrency community. In
Jan van Eck, the CEO of VanEck, has made headlines with his bold prediction that Bitcoin could skyrocket to an astounding $350,000. This optimistic outlook is based on the comparison of Bitcoin’s adoption rate to that of gold. Van Eck, a key player in the world of Spot Bitcoin ETFs, believes that the cryptocurrency market
Laguna Games and Crypto Unicorns DAO have recently made a joint decision to shut down the Unicorn Party, a series of games based on the intellectual property of Crypto Unicorns. This decision comes after a governance council meeting held on the 22nd of July 2024, where it was unanimously agreed to cease funding for the
Marathon Digital (MARA) recently reported second-quarter revenue of $145.1 million, which fell short of Wall Street’s forecast by approximately 9%. The company attributed this revenue miss to several operational challenges such as unexpected equipment failures, transmission line maintenance, an increased global hash rate, and the impact of the recent halving event on the mining sector.
The stablecoin market saw a 2.11% growth in total market capitalization in July, reaching a staggering $164 billion. This growth trend has been consistent for the past ten months, signaling a steady ascent for major stablecoins. Tether, the leading stablecoin, experienced a 1.61% increase to $116 billion, setting a new all-time high. This indicates Tether’s
In the second quarter of this year, Riot Platforms reported a net loss of $84.4 million, a significant increase from the $27.4 million loss in the same period last year. The widened losses can be attributed to the continued impact of the April Bitcoin halving event. Despite this, Riot still managed to generate a total
The cryptocurrency market faced significant volatility this past week, with Bitcoin experiencing a steep drop of ten thousand dollars from Monday to Sunday morning. The dramatic fluctuation in prices can be largely attributed to factors stemming from the United States. At the beginning of the week, Bitcoin’s price surged by three thousand dollars on Monday,