Day: July 8, 2024

Is This Ethereum ICO Project To Blame For ETH’s Price Slump?

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The Ethereum price has fallen by around -25% since its mid-March peak at around $4,100 and is currently trading just above $3,000. While this loss is in line with the broader market trend and in particular Bitcoin’s price drop of about -22% in the same time, there could be another reason for ETH’s price slump, which seems plausible since the German government only sells BTC and not ETH, and Mt. Gox doesn’t own any ETH either. But what if Ethereum has its very own “Mt. Gox“? Is The Ethereum Price…

Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?

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The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on July 11. CPI Data Could Move The Narrative For Crypto…

Mt. Gox is a ‘thorn in Bitcoin’s side,’ analyst says

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Bitcoin struggled amid recent Mt. Gox repayments and market trends, but the bearish behavior shouldn’t be interpreted as unfavorable.  Last week, Bitcoin (BTC) concluded the week at approximately $55,850, marking an 11% drop from the prior week’s closing price of $62,775. The week saw signficant selling pressure, with BTC dipping to as low as $53,500 on Thursday before rebounding to $58,250 and finally settling at $55,850. BTC Spot ETFs recorded $238 million in net inflows during the downturn. Cumulative trading volume since inception stands at around $315 billion, showcasing a…

Prediction Markets and Polls Both Got the French Election Wrong

“The ‘Liste des nuances’ includes both individual parties and coalitions, which supports the interpretation that the official French election results do not strictly differentiate between the two types of entities,” wrote bettor kipakipa, who had a “no” bet on the National Rally winning the most seats. “This is important for resolving the market because it suggests that official results treat coalitions as significant and comparable entities alongside individual parties.” Source

‘We Are Here to Build a Business Ecosystem’

I think users now like projects that have no investors in the tokenomics. They like less investors, more airdrops to the players, so they get more benefits. And for us, all we wanted to do, fundamentally, is develop and publish games that are actually fun to play. We want to give emotional value to players that play our games. We’re not here to launch a game, get attention, list the token, sell the token, make money, and forget about it. We are here to build a business ecosystem that can…

19 Out of 20 Assets in the Green

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Astra Nova: The Tier 1 Web3 Game Booming With 170,000+ Active Users Pre-Token Launch

PRESS RELEASE. RIYADH, Saudi Arabia – July 8, 2024 – Astra Nova, the revolutionary action RPG, is making significant strides as the 1st Web3 game to emerge from Saudi Arabia’s vibrant gaming landscape. Built on Unreal Engine 5, Astra Nova is captivating the gaming community with its innovative approach and immersive gameplay. Currently, Astra Nova […] Source CryptoX Portal