In a recent announcement, Animoca Brands Corporation Limited and its subsidiary, Bacasable Global Limited, revealed that The Sandbox had secured $20 million in funding. This funding round comes with a valuation cap of $1 billion, showcasing Animoca’s commitment to advancing digital property rights within the open metaverse. The injection of capital will accelerate The Sandbox’s
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The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant
Ethereum price recently made an attempt to clear the $3,720 resistance level, however, it failed and started a decline. The price is now at risk of further losses below the $3,550 support zone. This failure to break through the resistance is a concerning sign for Ethereum investors and traders. Looking at the hourly chart of
The US spot Bitcoin ETFs, including GBTC, started off June on a high note despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC, showing a strong interest from investors. This marked a significant increase compared to the previous months, with data showing that in January, these ETFs acquired
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Christian’s path into the world of journalism began long before the rise of cryptocurrencies. His love for storytelling was nurtured during his time as a feature writer for his college paper. This early experience set the stage for a successful career as an editor at a data engineering firm, where his writing skills earned him
As the cryptocurrency market gears up for the upcoming Federal Reserve rate decision on June 12, analysts are drawing parallels to previous market cycles. The situation in June 2019 saw altcoin and Bitcoin pairs capitulating just before a rate cut by the Federal Reserve. Fast forward to the current market scenario, and the chart patterns
Decentralized gaming is taking a new turn with the release of Overworld Arena, showcasing the power of blockchain technology to revolutionize the gaming industry. With a focus on accessibility, involvement, and real-world rewards, Xterio has introduced a mini-game that is set to change the way players engage with decentralized gaming platforms. Overworld Arena offers a
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of making a new all-time high, potentially rallying towards $83,000 in the near future. Despite hitting resistance and a slight retreat to just over $69,000, Thielen remains bullish on the cryptocurrency. The “head and shoulders” chart pattern he observed indicates
Core Scientific, a leading company in North America’s digital infrastructure industry, has recently announced a strategic partnership with CoreWeave, an AI Hyperscaler, through a series of long-term contracts spanning over 12 years. This partnership signifies a major milestone for Core Scientific as it expands into the AI data center space while continuing to dominate in