Nonfungible token platforms incorporating Web3 and the metaverse continue to attract sizable investments from venture capital firms. Nonfungible token (NFT) startup Genies has secured $150 million in Series C funding at a valuation of $1 billion, making it the latest crypto-focused platform to attain “unicorn” status.  The funding round was led by California-based private equity...Continue Reading

BTC price tumbled back under $40,000 as on-chain metrics indicate dwindling demand from new investors and long-term holders largely dominate the market. Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer...Continue Reading

“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm. Crypto trading company Currency.com has announced it halted operations for clients based in Russia following the country’s “violence and disorder” imposed on the people of Ukraine. In a Tuesday announcement, Currency.com said Russian...Continue Reading

The network also pledged $20 million to offsetting their carbon footprint and fostering an industry wide movement. The Polygon network announced on Tuesday its commitment to going carbon neutral and climate positive this year by releasing their “Green Manifesto: A Smart Contract with Planet Earth.” They also made a $20 million pledge to offset their...Continue Reading

The researchers from BIS and the World Bank identify common factors across nine central banks that face a variety of different challenges. The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy goals for financial inclusion. The paper...Continue Reading

Crypto prices are down, but a surge in blue-chip NFT sales and OpenSea’s volume climbing above $1.3 billion in the last week could signal the return of the NFT bull market. In the last two months, OpenSea began to cool down from its New Year’s bull run and many nonfungible token (NFT) pundits began to...Continue Reading

The ETH futures premium turned bearish and the network’s TVL dropped 22% from its peak, but how is this impacting pro traders’ sentiment? Ether (ETH) lost the critical $3,000 psychological support level on April 11 after a 16% weekly negative performance. Bulls were definitively caught by surprise as $104 million in leveraged long futures got...Continue Reading

Only “verified accredited investors” in the United States will be able to add coins to their Earn accounts starting on April 15 while users outside the country will be unaffected. Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions...Continue Reading

Bored Ape Yacht Club owners can take advantage of IP rights by auditioning for a BAYC movie trilogy, while other popular NFT characters now make up the cast of iHeartMedia’s latest podcast venture. Bored Apes take on the restaurant and movie business The Bored Ape Yacht Club, or BAYC, NFT holders own the intellectual property rights...Continue Reading

But SHIB price risks another 50% decline as it continues to fluctuate inside a bearish triangle pattern. Shiba Inu (SHIB) prices soared on April 12 upon its debut on Robinhood, a U.S.-based commission-free trading platform. SHIB price climbed by more than 35% to 0.00003, its highest level in almost two months, before paring some gains. Nonetheless,...Continue Reading