Pixion plans to put the funds towards Fableborne, the studio’s action-based role-playing game that allows players to interact with on-chain assets built atop the Avalanche network. Kam Punia, founder and CEO of Pixion Games, told CoinDesk he’s hoping to grow the game by building out its tech stack as well as hiring for roles across the leadership team. Source
Binance and its legal team filed a motion to have the SEC stopped from stating that CZ and the exchange had commingled users’ funds. The ongoing litigation between Binance Holdings Limited and the United Securities and Exchange Commission (SEC) is slated to have a huge impact on the cryptocurrency industry in the region. Crypto firms that operated in a similar manner as the Binance ecosystem – including staking as a service, crypto custodial services, and token listing for trading – clearly understand whatever the court rules for the exchange will…
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After a failed rally above $31,000 on June 23, Bitcoin (BTC) has sustained the $30,300 resistance for the past three days. Curiously, this happened while gold reached its lowest level in three months, trading at $1,910 on June 22, down from a $2,050 peak in early May. Investors now question how solid Bitcoin’s $30,000 support is. So analyzing what caused the recent price rally is essential to understanding how traders are positioned on BTC margin and futures markets. Why did BTC price break above $30,000? Some analysts attribute Bitcoin’s recent…
The reason experts are skeptical of the gold-backed digital token’s prowess is because it may not be enough to stop money supply growth, which is the real problem at hand. A digital token, without strong macroeconomic policies in place, cannot reduce the amount of money circulating in the economy, Chitambara said. Source
White House infrastructure coordinator Mitch Landrieu emphasized that high-speed internet is a necessity in today’s society and should be accessible to every household in America. The incumbent and 46th president of the United States (US) Joe Biden has announced a high-speed internet initiative worth $42 billion in America. The scheme is his next push to invest in the country as he prepares for his re-election bid. The president is launching the project, targeted at offering high-speed internet to all households in America by 2030. Notably, Congress has already allocated the required…
The news from IBM on its plans to acquire Apptio came at a time organizations are digitally transforming their business operations faster than before. Amid the increasing use of cloud architecture, technology corporation IBM (NYSE: IBM) said it would acquire software company Apptio from Vista Equity Partners. According to a press release, IBM is purchasing Apptio SaaS solutions which help organizations to plan, analyze, optimize, control, and collaborate with other investments as they make smart decisions, after entering into a definitive agreement with Vista Equity Partners. Per the deal, the technology…
Bitcoin (BTC) may see a “market correction” should BTC price action go much beyond $33,000, research warns. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged speculative selling risk on the horizon. Bitcoin speculator profits average 12% Bitcoin short-term holders (STHs) — the more speculative BTC investors — have returned to the spotlight this year. Recently, their aggregate cost basis appeared to form wider BTC price support near $26,000. For Glassnode, which observed the cost basis’ significance in recent weeks, the opposite effect could…
Cryptocurrency custody technology provider Fireblocks has started offering support for cloud service providers Amazon Web Services (AWS), Google Cloud Platform, Alibaba Cloud, Thales and Securosus, the company announced Tuesday. Source
The political deal, which also introduces sweeping and controversial changes to how banks assess the risk of corporate and home loans, must now be voted on by member states in the EU’s Council and by lawmakers to become legislation, a process that can in practice take many months. Source