Bitcoin price opened the week with a sharp sell-off, but on-chain and technical data points to a much-needed cooling-off period. Bitcoin (BTC) price is down 5% over the last 24 hours to trade at $41,645 on Dec. 11. Despite the sharp price correction, technical indicators and on-chain data show that Bitcoin still displays strength as...Continue Reading

They have signed a memorandum of understanding on digital asset investment and semiconductor production. Japan’s SBI Holdings financial services firm and Saudi Arabian state-owned oil company Saudi Aramco are considering teaming up on digital asset investment and semiconductor production projects. The sides signed a memorandum of understanding (MoU) on cooperation that includes the establishment of...Continue Reading

A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition. Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024, with a federal judge determining there’s too much...Continue Reading

FIFA NFTs, powered on Algorand, have totaled only $2.4 million in trading volume since their inception last September. Fédération Internationale de Football Association (FIFA), the international body governing international competitions of soccer, will launch its own nonfungible tokens (NFT) collection ahead of the 2023 Club World Cup in Saudi Arabia. According to the December 11...Continue Reading

Bitcoin’s sharp correction surprised investors, but is it a sign that further downside is in store? Bitcoin (BTC) closed last week with gains of 9.55%, but started the new week on a weak note, falling near $40,500. The sharp correction in Bitcoin also caused liquidations in several altcoins. According to CoinGlass data, cross-crypto long liquidations...Continue Reading

The current market is growing by a 21.8% CAGR, according to a report from Fortune researchers. The global blockchain gaming market will grow to an estimated $614 billion over the next seven years, according to an analysis from Fortune Business Insights released on December 11. The market currently accounts for an estimated $154 billion in...Continue Reading

Atlas Development Services executive Oscar Franklin Tan told Cointelegraph that to avoid the gas fees for transferring 200 million NFTs, it took a different approach in the migration. Nonfungible token (NFT) platform Enjin recently migrated over 200 million NFTs from Ethereum and a sidechain to its own Enjin Blockchain.  In an announcement received by Cointelegraph,...Continue Reading

Extended Bitcoin block times have been in the headlines recently, but are they really that big of a deal — or even very common? A Bitcoin (BTC) block that took over an hour to mine made headlines earlier in November. This is despite Bitcoin’s core protocol being written to aim to mine a block every...Continue Reading

The ruling only applies to the use of the trademark in Hong Kong until a final decision is issued at trial. X-Spot Global Limited, a company owned by Huobi Global exchange (now HTX) co-founder Leon Li, has won an injunction against Huobi Global for the latter to cease its use of the Chinese-equivalent “Huobi” trademark...Continue Reading

The French artificial intelligence startup Mistral AI closed a funding round worth around $415 million as it strives to be the EU’s rival to OpenAI and accelerates the EU AI race. French artificial intelligence (AI) startup Mistral AI has announced it raised €385 million ($415 million) in its latest funding round to develop its technology...Continue Reading