The current crypto market is facing a turbulent phase, with Ethereum experiencing a significant downturn of nearly 15% in the past week. This negative price performance has led Peter Schiff, a well-known economist and critic of cryptocurrencies, to project a grim prediction for Ethereum. According to Schiff, Ethereum could plummet to as low as $1,500,
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PancakeSwap, a well-known multi-chain decentralized exchange (DEX), recently unveiled an exciting community reward program that is set to run from July 5 to August 5. The program involves the distribution of more than 2.45 million zkSync (ZK) tokens to members of the PancakeSwap community. This initiative serves as a gesture of gratitude towards the community
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently applied for a license to operate as a Virtual Asset Service Provider (VASP). The Financial Supervisory Commission has included Taiwan Mobile as the 26th VASP in its latest report. Lin Zhichen, the General Manager of the company, is designated as the person in charge, with
Former Solicitor General Donald B. Verrilli, now serving as Grayscale Investments’ senior legal strategist, has accused US regulators of intentionally stifling the crypto industry through debanking practices. Verrilli, along with Paul Clement, highlighted bipartisan concerns about the regulatory environment for digital assets. In a joint amicus brief filed on behalf of Custodia Bank, they criticized
The European Banking Authority (EBA) recently announced updates to its Travel Rule guidelines, which will now include crypto service providers and intermediaries. These changes are set to take effect starting December 30, 2024, and will impact crypto exchanges in the European Union. Key Changes and Requirements The updated guidelines require crypto exchanges to report information
RETROBLOCK is not just another gaming platform; it is a revolutionary GameFi platform that aims to transform the retro gaming landscape. With a focus on competition, interaction, and rewards, RETROBLOCK offers players a unique gaming experience that sets it apart from the rest. One of the key highlights of RETROBLOCK is its Web3 technology, which
The gaming industry is constantly evolving, with new technologies like blockchain revolutionizing the way games are developed and played. Double Jump.Tokyo, a prominent blockchain application developer in Japan, has recently announced an exciting partnership with Ubisoft, a leading game developer and publisher. This collaboration aims to bring web3 integration support to Ubisoft’s latest web3 game,
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization plunging to $2.07 trillion, marking an 8.6% decrease within a day. This downward trend has impacted the majority of major digital assets, leaving only a handful of them resilient to the negative trajectory. The flagship cryptocurrency, Bitcoin,
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has stirred significant market anxiety. This amount represents 0.68% of the total Bitcoin supply and is slated for distribution among the exchange’s creditors. Large transfers of 52,633 BTC in recent hours suggest preparations for a large-scale disbursement, raising concerns among market observers
Ethereum (ETH) has been facing a tough time in the recent cryptocurrency market bloodbath. With a 9% price decline in the past week, ETH is currently sitting at the $3,130 level. The market is watching closely as key levels are being tested to avoid further losses and liquidations. As highlighted by crypto analyst “Inspo Crypto,”
