Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
The International Monetary Fund (IMF) has recently adjusted its approach toward El Salvador regarding its controversial Bitcoin policy. After years of resistance, the IMF has suggested that the Central American nation reduce its government support for Bitcoin rather than repeal its status as legal tender altogether. This shift marks a notable change in tone from … Read more
The excitement is palpable as the countdown to the highly anticipated MemeFi event begins! From October 3 to October 17, 2024, participants will have the chance to win astonishing prizes, including the grand prize: a Lamborghini Aventador SV. With only 600 units ever produced, this rare model represents a once-in-a-lifetime opportunity for lucky winners. Upcoming … Read more
Chinese tech giant Tencent and the Guillemot family, Ubisoft’s founders, are reportedly discussing a potential buyout that would take the French gaming company private. This news comes amid speculation about Ubisoft’s future following a disappointing performance for their flagship game, “Assassin’s Creed: Shadows.” Key Points: Private Buyout: The proposed deal would remove Ubisoft from public … Read more
CleanSpark, a prominent Bitcoin mining company, has significantly expanded its operations and increased its hashrate by a substantial 187% over the past year. This growth is primarily attributed to strategic acquisitions and a focus on diversifying its mining facilities across the United States. Key Highlights: Impressive Hashrate Growth: CleanSpark’s hashrate increased from 9.6 EH/s to … Read more
India Blockchain Week 2024 was a landmark event that brought together blockchain enthusiasts, developers, investors, and industry leaders from across the globe. Held in India, the conference showcased the latest advancements in blockchain technology and its potential to revolutionize various sectors. Key Highlights of the Conference Blockchain Adoption Across Industries: The conference featured discussions on … Read more
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a prominent player in global fintech communication, is set to make significant strides into the digital asset realm. According to a recent report by Bloomberg, commercial and central banks may participate in live trials for digital asset transactions on the SWIFT network as early as next year. … Read more
The cryptocurrency market has recently encountered a significant setback, particularly impacting AI and big data-related tokens, which collectively lost approximately $4.69 billion in market capitalization over just three days. This downturn raises questions about the anticipated “UPtober” trend, which many investors hoped would signal a recovery after a challenging year. Market Decline As of September … Read more
Aptos Labs, the developer behind the Aptos Network, has made significant strides in its expansion into the Asian market by acquiring HashPalette, a Japanese non-fungible token (NFT) service provider. This strategic move aims to strengthen Aptos’s foothold in Japan and leverage local business relationships to foster innovation in blockchain technology. Acquisition of HashPalette On October … Read more
The X Empire project is thrilled to announce significant updates to its tokenomics, aiming to enhance community engagement and rewards. An additional 34.5 billion $X tokens have been allocated specifically for the community, reflecting the project’s commitment to fairness and excitement for all participants. Airdrop Criteria: 70% Token Distribution from Phase One As part of … Read more
FTX, the cryptocurrency exchange that faced a high-profile collapse, is set to auction its holdings of WLD tokens, offering investors a rare opportunity to purchase them at steep discounts ranging from 40% to 75% off the current market price. With WLD trading at approximately $1.69, this auction could attract significant interest from bidders looking to … Read more