Day: June 13, 2024

Parallel Launches on Epic Games Store, Expands NFT Game Reach

Parallel, a competitive card game that integrates non-fungible tokens (NFTs), made its debut on the Epic Games Store this Wednesday, significantly broadening its potential user base. The Epic Games Store, a major platform in the PC gaming market, boasted a user base of 270 million by the end of 2023, including 75 million monthly active […]

Bitcoin Miners Begin Massive Sell-Off After Revenue Drop

Following the network’s fourth ‘halving’ event, Bitcoin miners have begun to offload substantial amounts of their coin reserves, driven by nearly two months of reduced revenue. According to a recent report from CryptoQuant, a crypto market intelligence firm, the scale of this sell-off has reached a two-month high, with miners transferring approximately 3,000 BTC—valued at […]

Cryptocurrency Reacts to Fed’s Hawkish Stance on Interest Rates

Cryptocurrency markets experienced volatility on Wednesday, influenced by the latest commentary from the Federal Reserve regarding its ongoing battle against inflation. Despite earlier gains driven by an encouraging inflation report, the Fed’s decision to maintain interest rates led to a decline in cryptocurrency prices. The Federal Reserve’s policy meeting left interest rates unchanged, holding the […]

Andrew Tate’s Meme Coin Frenzy Amid Legal Troubles

Former kickboxer and social media figure, Andrew Tate, known for his controversial views, has re-entered the cryptocurrency scene with a splash, despite previously distancing himself from it. This shift comes amid his ongoing legal battles. Tate has recently promoted a new meme coin, DADDY, which surged to a market cap of $275 million following his […]

SEC Settles with Terraform Labs for $4.5 Billion

Terraform Labs and its former CEO, Do Kwon, have consented to a substantial settlement of approximately $4.5 billion, as revealed in recent court filings. This agreement comes after they were held liable for civil fraud in connection to the $40 billion debacle of UST and LUNA in 2022. Last month, a Manhattan jury concluded that […]

Fortune 100 Companies Ramp Up Onchain Initiatives

In an unprecedented move, America’s leading public companies have substantially increased their engagement with blockchain technologies, according to Coinbase’s latest State of Crypto report. The first quarter of 2024 saw a remarkable 39% year-over-year growth in onchain initiatives among the Fortune 100, highlighting a burgeoning corporate interest in blockchain applications. The report also indicates that […]

Cudis Smart Ring Challenges Oura with AI and Crypto

A new contender is emerging in the wearable technology arena as Cudis introduces its Genesis smart ring, equipped with advanced artificial intelligence (AI) and a unique crypto earning feature, aiming to take on the market leader, Oura. Smart rings are compact devices designed to measure health metrics such as heart rate, step count, sleep tracking, […]

Bitcoin’s Volatile Day Amid Rate Cut Speculation

In the past 24 hours, Bitcoin has experienced significant volatility. Initially, the price surged following a favorable Consumer Price Index (CPI) report, which was better than expected and momentarily lifted market spirits as the U.S. markets opened. However, this surge was ephemeral, with Bitcoin’s value dropping sharply following remarks from Federal Reserve Chair Jerome Powell. […]