Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, aligning with the overall downturn in the cryptocurrency market. The price of ADA dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. These numbers reflect a substantial decrease in key performance indicators for
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Gameplay Galaxy, a rising star in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This boost in funding has propelled the company’s total valuation to $71 million, with a cumulative funding amount of $24 million. The primary focus of this latest funding round is to drive the
Maker, one of the pioneers of decentralized finance (DeFi) lending protocols on Ethereum, has recently undergone a significant rebranding to Sky. This rebranding comes with key upgrades to its decentralized stablecoin system. The stablecoin, formerly known as DAI, has now been rebranded to USDS, while the governance token MKR has been changed to SKY. The
Former FTX executive Ryan Salame’s attempt to void his guilty plea has been met with resistance from the US government. Salame claims that his guilty plea was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has called Salame’s allegations “demonstrably false” and emphasized that
Sony Blockchain Solutions Labs, in collaboration with Startale labs, is embarking on a groundbreaking project to develop a blockchain platform named Soneium. The primary goal of Soneium is to bridge the gap between Web3 and Web2, making blockchain technology more accessible and user-friendly for the masses. The key features of Soneium include accessibility, scalability, efficiency,
France has been known as a hub for crypto businesses over the past decade, attracting giants like Binance and Crypto.com to set up their European headquarters in the country. This is largely due to favorable tax rates, a talented workforce, and clear regulations in the crypto sector. However, with the recent French elections and increasing
The recent cancellation of Meta’s next-gen mixed-reality headset has sent shockwaves through the tech community. CEO Mark Zuckerberg and other executives made the decision to halt the development of the headset due to high costs associated with advanced OLED display technology. This move raises the question: was this cancellation a necessary strategic decision or a
The recent charges filed by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra highlight the company’s failure to register its crypto asset lending product, Abra Earn. This oversight led to Abra selling nearly half a billion dollars of securities to US investors without complying with registration laws. The lack of transparency
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s efforts to have the $1 billion securities fraud lawsuit against him dismissed. The SEC argued, in a brief filed in a New York federal court, that Heart’s motion to dismiss does not adequately address the allegations in the complaint and disregards
Recently, crypto analyst @XForceGlobal shared a new video chart analysis focusing on Cardano (ADA), a cryptocurrency that many are currently overlooking as a “dinosaur coin.” In the analysis, XForceGlobal provided an in-depth look at Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the brink of entering a strong upward phase
