The metaverse is no longer a distant concept; it is now a reality that is transforming the digital world and how we engage with it. Metaverse apps act as gateways to these virtual shared spaces, offering immersive experiences, social interactions, and economic activities in a 3D environment. The concept of a metaverse app bud is
DeFi
Robinhood’s recent announcement of acquiring Bitstamp for $200 million in cash has sent shockwaves across the global crypto market. This strategic move is poised to redefine the landscape of the industry and solidify Robinhood’s position as a key player in the sector. The acquisition of Bitstamp, a major global crypto exchange founded in 2011, will
The upcoming House Appropriation budget has the potential to hinder the implementation of the US SEC’s controversial Staff Accounting Bulletin 121 (SAB 121). According to FOX Business reporter Eleanor Terrett, the bill includes a policy rider that prohibits the SEC from using appropriated funds to enforce the rule. The inclusion of this provision raises questions
The cryptocurrency sector faced significant challenges in May, with losses totaling $42.6 million due to various security breaches. The largest chunk of these losses, approximately $20.7 million, was attributed to flash loan attacks. Sonne Finance bore the brunt of these attacks, losing a staggering $20 million, while TLN Protocol suffered losses amounting to $746,000. Additionally,
In a recent development, SEC commissioner Hester Peirce put forward an intriguing proposal for a shared digital securities sandbox between the US and the UK on May 29. This proposal aims to expand the existing joint digital securities sandbox (DSS) of the Bank of England and the FCA to include US firms. The idea behind
The Sandbox, a decentralized gaming platform, has taken a significant step towards community governance by introducing The Sandbox DAO. This decentralized autonomous organization aims to empower SAND token holders and virtual LAND owners to actively participate in the decision-making processes of the platform. The implementation of The Sandbox DAO is divided into three distinct phases.
Ethereum (ETH) is currently experiencing a significant technical breakout, leading the way for a potential market surge. Analysts, such as Jelle, have pointed out that Ethereum has broken out of a bearish pattern, specifically the “falling wedge,” and has successfully turned key resistance levels into support zones. The current push towards the $4,000 mark indicates
The fusion of social media and decentralized finance has given birth to a groundbreaking concept known as SocialFi. This innovative approach redefines user engagement by offering digital currency rewards for every interaction on social media platforms. SocialFi empowers users and creators by providing them with more control over their content and the opportunity to profit
The recent approval of the Ethereum Spot ETF has stirred up a lot of speculations regarding its potential performance once it hits the trading market. Analysts like James Seyffart have weighed in on the subject, offering their thoughts on the possible level of investments that these funds could attract compared to their Bitcoin-based counterparts. Seyffart
The recent report released by the team behind the Mollars token project has shed light on the growing interest in this new store-of-value asset within the cryptocurrency community. The data reveals that Mollars is gaining traction among crypto traders, with search volumes rivaling well-known tokens like Bonk Inu (BONK) and Pepe (PEPE). A closer look