Igloo, Inc., the company behind the wildly popular NFT brand Pudgy Penguins, has recently secured a funding round of over $11 million to support the development of its groundbreaking Ethereum layer-2 scaling network known as ‘Abstract’. This infusion of capital marks a significant milestone in Igloo’s journey towards blockchain innovation. Leading the investment charge is
Shiba Inu (SHIB) has experienced a significant drop in price over the past week, with experts suggesting that this downward trend may continue in the short term. The decline, which amounts to approximately 13% according to CoinGecko’s data, has raised concerns among investors and analysts alike. One industry observer even went so far as to
The arrival of spot Ethereum ETFs in the United States on July 23 has sent shockwaves through the crypto market. One of the major players, Grayscale, saw its newly converted Ethereum Trust (ETHE) experience a staggering loss of $484 million on the first day of trading. This indicates a potentially rocky road ahead for the
Atari and Coinbase have joined forces to bring about a new era in the world of gaming. The collaboration aims to utilize blockchain technology to recreate classic video games such as Asteroids and Breakout. By leveraging the blockchain, the partnership seeks to eliminate middlemen and ensure that the proceeds from game sales go directly to
The strategic investment made by Binance Labs in Pluto Studio, the GameFi publishing platform behind Catizen, has opened up new opportunities for growth and development. This partnership will not only provide major funding for initiatives already in progress on the Pluto Studio platform but also solidify the studio’s vision to lead the next wave of
India-based WazirX is currently in the process of seeking partnerships to fully restore its operations following a major exploit that led to the loss of nearly half of its assets. Co-founder Nischal Shetty took to social media on July 23 to announce this development and reassure users that the exchange is working on a solution
Recently, the United States House of Representatives passed the Financial Technology Protection Act to address the increasing concerns over the use of digital platforms for illicit activities and terrorism financing. This bill, introduced by Representative Zach Nunn in April 2023, was unanimously approved by the House on July 22, 2024. The main focus of the
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. This significant shift has sparked speculation about a potential resurgence of institutional interest in Bitcoin. According to research from Kaiko, the Coinbase premium plays a crucial role in measuring institutional sentiment in the cryptocurrency market. The Coinbase
The largest spot Bitcoin ETFs in the US have seen positive inflows recently, but the price of Bitcoin itself experienced a significant retracement yesterday. Despite this, Bitcoin is currently trading close to $67,000 once again. The past few days have been volatile for the primary cryptocurrency, with fluctuations in price leading to a rollercoaster ride
The recent approval of spot Ethereum ETFs has generated a buzz in the crypto market, with traders closely monitoring the potential impacts on Ether’s price and market dynamics. While expectations of rapid asset accumulation have been high, there are also concerns about the possible outcomes following the launch of these ETFs. Following the approval of
