Recently, the Russian State Duma made a significant decision to legalize Bitcoin mining and allow the use of cryptocurrencies for international trade. This bill, which has been in the works for a few years, is set to come into effect on September 1 pending final approval. The legislation aims to address the challenges faced by
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After years of waiting, creditors of the defunct Mt. Gox exchange are finally seeing progress in the form of returned digital assets. Bitstamp, along with other exchanges like Kraken, has begun the process of distributing Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) to users affected by the infamous 2014 hack that led to Mt.
Save, formerly known as Solend, has embarked on a strategic rebranding journey to enhance its platform and offer more financial opportunities to the Solana community. The rebranding goes beyond just changing the name; it signifies a significant evolution aimed at providing users with a broader range of financial services, from borrowing to trading. This transformation
The current price of Ethereum has been consolidating above the 100-day and 200-day moving averages, indicating a bullish trend in the market. This consolidation phase follows a period of sideways fluctuation after breaking above the critical 100-day moving average at $3,354. The lack of clear direction in the price suggests an equilibrium between buyers and
Igloo, Inc. has recently secured a substantial $11 million in funding to support the development of its groundbreaking Ethereum layer-2 scaling network, known as ‘Abstract’. This marks a significant milestone in the company’s journey towards blockchain innovation and mass adoption of cryptocurrencies. The funding round was led by Founders Fund, with key investment partners including
Shiba Inu (SHIB) has recently experienced a 13% drop in value over the past week, leaving many investors concerned about its future trajectory. Analysts are divided on whether this downtrend will continue in the short term or if SHIB has the potential to rally in the long term. While some believe that the cryptocurrency is
Atari, a household name in the gaming industry, has made a bold move by partnering with Coinbase, a major cryptocurrency exchange, to bring classic video games into the blockchain era. This innovative cooperation aims to not only recreate iconic games like Asteroids and Breakout but also to rethink how creators are compensated in the gaming
Upon the launch of the Spot Ethereum ETFs in the United States, Grayscale’s Ethereum Trust experienced a significant outflow of $484 million on the first day of trading. This was largely expected due to the large premium gap that investors were capitalizing on before the ETF transitioned to spot-based trading. The potential loss of around
Binance Labs has recently made a strategic investment in Pluto Studio, the driving force behind Catizen, a Telegram-based gaming bot. This partnership is not just about financial support but also about enabling major fund injections for ongoing initiatives on the Pluto Studio platform. The aim is to solidify the studio’s vision of leading the next
The recent security breach at India-based centralized exchange WazirX has sent shockwaves throughout the cryptocurrency community. The exchange lost nearly half of its assets, amounting to over $230 million in user funds. The co-founder, Nischal Shetty, has been actively seeking partnerships to restore full operations and recover the stolen funds. This incident serves as a
