Gucci has partnered with Yuga Labs, a well-known NFT issuer, to expand its presence in Web3 and the metaverse. Yuga Labs created popular collections such as Bored Ape Yacht Club and Mutant Ape Yacht Club, as well as CryptoPunks, Meebits, and 10KTF. Gucci’s announcement tweet features an Ape hand holding a bottle with a Koda […]
The XRP price has increased by 3% in the last 24 hours, reaching $0.484611 despite a 2.5% drop in the overall cryptocurrency market. XRP has gained by 28.5% over the past seven days, with many investors expecting the long-standing Ripple-SEC case to conclude soon. With a 24-hour trading volume of $4 billion, many traders are […]
South Korean prosecutors plan to arrest Daniel Shin, co-founder of Terraform Labs, after raiding his company, Chai Corporation. Evidence suggests that the CEO of Terraform, Do Kwon, founded a company in Serbia during his 11-month flight from prosecution. Shin was previously questioned in connection with Terraform and Do Kwon, but a court denied an arrest […]
The Stellar Development Foundation and Coinme have announced the release of the USDC stablecoin on Stellar through the Coinme wallet and cash onramp/offramp ecosystem. This integration allows physical cash to become borderless digital cash accessible across thousands of locations nationwide. THORChain has paused and unpaused its network due to reports of a potential vulnerability affecting […]
Bitcoin trading volumes have decreased significantly in recent days. According to CoinGecko data, daily trading volumes on major exchanges dropped to as low as $14.5 billion on Monday, the lowest level since early March. US regulatory concerns and fears of a bank crisis may have contributed to the drop in investor appetite for Bitcoin purchases […]
Bitcoin has begun the week on a negative note due to market-wide issues and wider macroeconomic uncertainty, following legal action from the Commodities Futures Trading Commission against Binance and its CEO, Changpeng Zhao. This development may have an impact on the choice of the best cryptocurrencies to buy now. The cryptocurrency market reacted immediately to […]
The article discusses the current state and outlook for Luna Classic (LUNC), a cryptocurrency that powers the now largely defunct Terra blockchain. The article notes that LUNC bears remain in control, with the cryptocurrency performing poorly and on track to lose 26% of its value. Technical selling and a flight to quality within the cryptocurrency […]
The Bitcoin market is facing a significant challenge as Binance, one of the largest cryptocurrency exchanges, is being sued by the Commodity Futures Trading Commission (CFTC). This has caused unease and speculation on the future of Bitcoin’s price. The CFTC filed a complaint for regulatory violations against Binance, its CEO Changpeng Zhou, and former top […]
Disney’s metaverse division, responsible for exploring new interactive storytelling formats across their intellectual property, has been dissolved. The 50-person team was cut as part of Disney’s efforts to reduce operating costs by $5.5 billion, which includes dismissing 7,000 employees over the next two months. Although the division was created over a year ago, it remains […]
Coinbase, a US-based crypto exchange, has called on developers to create a new type of stablecoin that is inflation-proof for its own blockchain. In a blog post on Thursday, the exchange expressed an interest in “flatcoins”, which are stablecoins that track inflation rates, offering users stable purchasing power and resilience against uncertainty in the traditional […]