Bitcoin

press release PRESS RELEASE. SinVerse Studios, a trailblazing web-3 game studio, has secured a substantial seven digit investment deal led by DWF Labs to propel its platform’s growth and solidify its position as an industry leader. The partnership marks a significant milestone for SinVerse Studios, with DWF Labs providing strategic backing and support to accelerate

After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while

Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility. Last

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May

Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next. After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000. Data from Cointelegraph Markets Pro and TradingView shows

The Lightning Network, a layer-2 payment solution built on top of the Bitcoin blockchain, is six years old.  Products, users and the amount of Bitcoin (BTC) sent on the Lightning Network (LN) has sky-rocketed in 2023, despite the price per Bitcoin slipping under $20,000. The LN has benefited from the integration into the Nostr protocol — in which

New York Times’s latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents. A number of Bitcoin proponents took to Twitter to call out certain aspects of the report calling it “cheery picking data.” The NYT article calls Bitcoin mining a “voracious” appetite and claims

Bitcoin started the week climbing back above $28,000, as markets returned from the Easter holidays. The move saw the world’s largest cryptocurrency briefly break out of a key resistance level of $28,500. Ethereum was also higher, as it closed in on the $1,900 level. Bitcoin Bitcoin (BTC) was back above $28,000 to start the week,

In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance said it has

press release PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm. DWF Labs, that has recently been labeled as a top

More than half of all Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode. On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years. Citing data published by Glassnode, Pompliano pointed

The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased

Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new ten-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set to

Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) continues to maintain its position as the most Googled term in the United States.  A search volume comparison based on Ahrefs data revealed that Americans care more about Bitcoin, with Nevada taking the spot as the “most

U.S. President Joe Biden decided to extend the sanctions that the U.S. government enacted against Russia for one more year, arguing that the country continues to pose a threat to the security of the nation. Biden had talked about these sanctions before, explaining that the only option besides enacting them would involve a direct international

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and

According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex

Now is the “right time” for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan. In an April 9 blog post, Chan explained that one of the three major directions he has proposed in the city’s budget was for the further development

Bitcoin (BTC) layer 2 scaling solution Lightning may feature on the cryptocurrency exchange Coinbase in some capacity, according to its chief Brian Armstrong. In a tweet on April 8, Armstrong said that “Lightning is great and something we’ll integrate” in response to a tweet criticizing him for “actively ignoring” the network. My tweets auto-delete after

Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect the economic momentum to deteriorate during the second half of the year on the back of rapidly tightening credit conditions, exacerbated by the banking crisis,” said the insurance giant’s analysts. Crash Landing Ahead, Warned

Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to