Yuga Labs, known for its groundbreaking work in the Web3 space, has recently made a significant move by acquiring PROOF. This innovative platform, which focuses on art and community engagement, has now become a part of Yuga Labs’ ever-expanding ecosystem. The acquisition not only includes the team and intellectual property of PROOF but also its
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The landscape of the US Bitcoin industry is currently facing an uncertain future as various factors come into play, threatening to shift the paradigm in a way that may not be favorable for the industry as a whole. With the looming presence of a Bitcoin ETF controlled by major financial institutions and the potential legislation
Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Cardano’s price recently broke through the $0.61 barrier on Feb. 16, marking a significant milestone for the cryptocurrency. What’s interesting is the unusual trend observed in the derivatives market, indicating that more bullish action could be on the horizon. While Cardano (ADA) has emerged as one of the best-performing mega-cap crypto assets in recent times,
VeChain has experienced a significant surge in price recently, with a 24-hour change of +6.23% and a total increase of +74% in VET price over the past six consecutive days. This uptick in price is attributed to the anticipation of a major update set to be released at the Mobile World Congress later this month.
Ethereum (ETH) is gaining momentum in the cryptocurrency market, inching closer to the $3,000 mark. One of the key factors fueling this upward trajectory is the increasing popularity of ETH staking. With Ethereum 2.0 gaining traction, more investors are opting to lock their ETH into staking contracts. This not only allows them to earn passive
Coinbase, one of the major US crypto exchanges, recently released its financial report for the fourth quarter of 2023, shedding light on its performance over the year. The report revealed some key insights into the company’s financial health and growth trajectory. In Q4 2023, Coinbase reported a net income of $273 million and an adjusted
The recent approval of a digital asset bill by the Judiciary Committee in Iowa marks a progressive step towards integrating digital assets into commercial transactions. House File 2519, titled “An act relating to commercial transactions, including control and transmission of electronic records and digital assets,” introduces significant amendments to the Uniform Commercial Code with the
Genesis Global has recently been granted approval by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust, with a total estimated value of $1.3 billion. This decision was made by U.S. Bankruptcy Judge Sean Lane during a court hearing in White Plains, New York. The authorization given to Genesis allows them
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical ‘Cup and Handle’ pattern in the Bitcoin (BTC) price chart. This pattern is considered a strong bullish signal by market analysts and traders. The ‘Cup’ part of the pattern started forming in March 2022 when the price dipped below $48,000,