Immutable, a blockchain development company, and Polygon Labs, known for its significant contributions to the blockchain infrastructure, have announced a partnership to establish a $100 million fund dedicated to Web3 gaming. This partnership is intended to spur the development of early-stage gaming startups in the blockchain space, thus ensuring impressive growth in the emerging sector. […]

Well, the tides seem to be turning around as the Bitcoin ETFs have recorded the second consecutive day of outflows on Tuesday, March 19. As a result, the Bitcoin (BTC) price has come under pressure dropping by another 6% while taking a dive under $62,000. The Bitcoin ETF Outflows As per data from Farside investors, […]

In the latest release from S&P Global Ratings, the Mountain Protocol’s USDM stablecoin has been granted an “adequate” rating regarding its stability and ability to maintain its peg to the U.S. dollar. This assessment is part of the firm’s ninth Stablecoin Stability Assessment, aimed at providing tolerance and dependability for different stablecoins within the market. […]

Alexey Pertsev, the developer behind the popular Tornado Cash crypto mixer is facing an indictment for his alleged involvement in laundering up to $1.2 billion in crypto assets. This news is based on reports from DL News. Alexey Pertsev Indicted for 36 Illicit Crimes The Tornado Cash developer is becoming more popular for crypto crime […]

Bitcoin’s (BTC) inflow in the last two quarters has triggered massive bullish sentiment in the market spurring increased activity around the leading cryptocurrency. New on-chain data from cryptocurrency analytics firm CryptoQuant shows Bitcoin supply on exchanges plummeting in the last four years. Since 2020, the amount of BTC held by users has plunged almost 40%  […]

Grayscale Investments has announced its intention to incorporate staking capabilities into its proposed spot Ethereum exchange-traded fund (ETF). This move is in line with a recent modification made by the financial giant Fidelity in its own Ethereum ETF filing which indicates the common desire of investment houses to incorporate the staking provision into their cryptocurrency […]

Kyle Davies, co-founder of the now-bankrupt hedge fund Three Arrows Capital (3AC), recently engaged in a revealing conversation with journalist Laura Shin. In the course of the interview, Kyle Davies shed light on the continued bankruptcy proceedings of 3AC, the challenges regulators across the globe are facing, and his activities following the downfall of the […]

In lieu of the recent incessant outages on Coinbase Global Inc., the exchange has declared that it would need to invest in its infrastructures to effectively tackle the challenge. High Demand on Coinbase Triggers System Shutdown American cryptocurrency exchange Coinbase strongly believes that improving its trading infrastructure will go a long way in curtailing the […]

The Securities and Exchange Commission (SEC) has postponed its decision on the approval of the Hashdex Nasdaq Ethereum exchange-traded fund (ETF) until May 30, 2024. This ETH ETF, which will be offered to investors if approved, will represent an investment product with access to both ongoing ether prices and futures. This postponement will provide the […]

Solana’s memecoins have recorded massive gains following recent events in the cryptocurrency market. As bullish pressure mounts across Bitcoin (BTC) and altcoins, memecoins have also posted increased inflows since Q4 2023. At press time, the total market capitalization of Solana memecoin is up by 1.9% at $5.8 billion with a 24-hour trading volume of $5.2 […]