Bright Star Studios, the developers behind the highly anticipated MMORPG Ember Sword, have made a significant decision to switch from Immutable X to the Mantle Network. This bold move is aimed at elevating the gaming experience by harnessing Mantle’s cutting-edge technology. The impact of this transition is not only crucial for the game itself but
German authorities recently carried out a coordinated nationwide operation to seize $28 million in cash and 13 crypto ATMs in an effort to combat unlicensed activities within the country’s crypto market. Spearheaded by the Federal Financial Supervisory Authority (BaFin), this operation is part of a larger initiative to enhance oversight and regulation in the rapidly
Binance, the leading cryptocurrency exchange, proudly announced that it had thwarted over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. This impressive feat showcases the platform’s dedication to safeguarding its users from malicious activities in the volatile crypto space. The exchange attributed its success to a
Shaquille O’Neal, the legendary basketball player, is currently facing legal trouble as he is involved in a class action lawsuit linked to his association with the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, with the court ruling that O’Neal could be considered a ‘seller’ of Astral NFTs. Despite this ruling, the
Recently, the cryptocurrency market witnessed a significant surge in cat-themed meme coins, leading a rally that pushed the sector’s market capitalization above $40 billion. Some of the notable performers in this category include Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW). POPCAT, for instance, saw a nearly 30% increase on a
Samuel Edyme, also known as HIM-buktu, has a unique story that began with a scam rather than a typical triumphant investment in the crypto world. Despite falling victim to a Ponzi scheme that used crypto as payment, Edyme did not retreat. Instead, he emerged wiser and more determined, channeling his experience into over three years
The recently published 2024 Party Platform by the Democratic National Committee has garnered attention for its lack of mention of Bitcoin, cryptocurrency, or blockchain. This stands in stark contrast to their Republican counterparts who have explicitly addressed these technologies in their own platform. The platform, which spans ninety-two pages, focuses on key Democrat issues such
The journey of ADA, the native token of Cardano, has been a rollercoaster ride in the cryptocurrency market. At the peak of the 2020 to 2021 bull run, ADA reached a remarkable $3 in August, attracting significant attention from investors and traders. However, the activation of smart contracts through the Alonzo hard fork marked a
The Nigerian Federal Inland Revenue Service (FIRS) is set to implement new legislation aimed at taxing the burgeoning crypto sector in Nigeria. This move, as reported by Business Day, comes as part of FIRS Executive Chairman Zacch Adedeji’s plan to modernize the country’s regulatory framework and foster economic growth through innovation. Adedeji’s special adviser on
Cardano, once a prominent player in the cryptocurrency market, has now slipped out of the top 10 rankings by market capitalization. The primary reason behind this decline can be attributed to its overreliance on off-chain components, which compromise its decentralization. Unlike its competitors like Ethereum and Solana, Cardano has failed to maintain high network activity
