Gameplay Galaxy, a promising player in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This round, co-led by Blockchain Capital and Merit Circle, has propelled the company’s total valuation to $71 million and total funding to $24 million. The primary focus of this funding round is to
App
Cardano, along with its native token ADA, experienced a significant decline in the second quarter of 2024. The report by Messari highlighted various key performance indicators that pointed towards a downturn in the cryptocurrency market. ADA’s price dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was
Maker, one of the pioneering DeFi lending platforms on Ethereum, has recently undergone a rebranding to “Sky” alongside significant upgrades to its decentralized stablecoin ecosystem. This rebranding includes renaming its stablecoin from DAI to USDS and its governance token from MKR to SKY. Additionally, users can now access the upgraded SKY token by supplying USDS
Sony Blockchain Solutions Labs, in collaboration with Startale Labs, recently unveiled plans to create Soneium, a blockchain platform that aims to bridge the gap between Web3 and Web2 technologies. The primary goal of Soneium is to enhance accessibility to blockchain technology while offering solutions that are scalable, efficient, and capable of addressing real-world challenges. Soneium
France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
Meta’s recent decision to cancel its next-generation mixed-reality headset has sent shockwaves through the tech community. The move, which CEO Mark Zuckerberg and other top executives deemed necessary after a product review meeting, reflects a broader shift in the company’s strategic priorities. Instead of going head-to-head with high-end hardware competitors like Apple’s Vision Pro, Meta
In a surprising turn of events, Bitcoin crashed below $50,000 on August 5th, causing a ripple effect that led to a market-wide downturn. This unexpected plunge, which affected other cryptocurrencies as well, caught many investors off guard. Following the crash, Bitcoin managed to bounce back by 20%, but short-term holders are still facing losses. Glassnode’s
As the cryptocurrency market grapples with uncertain price movements and lack of clear direction, the Ethereum (ETH) network is on the brink of a major transformation with the upcoming Pectra upgrade scheduled for the first quarter of 2025. This upgrade has garnered significant attention from bullish analysts who believe it could be the driving force
The recent endorsement of rate cuts by Federal Reserve Chairman, Jerome Powell, has sparked a new wave of speculation in the financial markets. While the current benchmark rate for overnight money market loans hovers around 5.25% to 5.5%, Powell’s announcement at Jackson Hole, Wyoming indicated a clear intention to lower interest rates in the near
Pavel Durov, the founder of the popular messaging app Telegram, has found himself in hot waters following his arrest in France over the weekend. The incident has led to a surge in support from various well-known public figures, including Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson, among others. Turbulence in the Crypto