Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors. Web3 Gaming Platform Pixelverse Secures $2M in Latest Funding Round Galaxy Interactive, Crit Ventures, and Arc Community contributed to the […] Source CryptoX Portal
Crypto price action is likely to continue on a choppy trajectory for the rest of Q3, 2024, analysts at crypto exchange Coinbase say. Coinbase’ head of institutional research David Duong and David Han, an analyst at the US-based crypto exchange, shared their forecast in the company’s weekly market report. They anticipate greater volatility for cryptocurrencies over the next month or two before a potentiall rally in the fourth quarter. JPMorgan analysts offered a similar bullish analysis, although with a different timeline, noting crypto markets could rebound in August. Q3 started…
According to blockchain data, the German government has transferred the last of its Bitcoin holdings, finalizing a nearly three-week long selling spree. As of Friday, July 12, the wallets linked to German authorities hold no remaining Bitcoin (BTC), according to blockchain data from Arkham Intelligence. The German Government sent the last of their 3846.05 BTC to Flow Traders and 139Po. Three weeks ago, the German government held 50,000 BTC worth nearly $3 billion. Then they started selling the asset and BTC corrected by roughly 18%. As crypto.news reported earlier in…
Mantra price has continued to outperform most cryptocurrencies as demand for Real World Asset (RWA) tokenization rose. The OM token rose to a record high of $1.2711 on Thursday as Bitcoin and altcoins remained in a deep bear market. Mantra, a blockchain network for tokenization, rallied after a report noted that Blackrock’s BUIDL fund had crossed $500 million in assets a few months after launch. This performance shows that there is demand for these assets. Similarly, Ondo Finance, which runs the US Dollar Yield (USDY) and US Treasuries (OUSG), has…
Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […] Source CryptoX Portal
Crypto community has another reason to celebrate as the U.S. Securities and Exchange Commission (SEC) has dropped its investigation against Hiro Systems, a developer firm integral to the Bitcoin Layer-2 network Stacks. A SEC filing on July 12 revealed that the regulator had closed its three-year investigation into Hiro Systems (formerly Blockstack) and would not be pursuing an enforcement action. The decision comes just a day after the SEC ended its investigation against stablecoin issuer Paxos. SEC ends 3-year investigation into Hiro Hiro raised $70 million in token sales between…
Bitcoin price is outperforming popular leveraged ETFs, which have become increasingly popular among investors. Leveraged Bitcoin ETFs inflow is rising Leveraged Bitcoin ETFs like the 2x Bitcoin Strategy ETF (BITX) and the ProShares Ultra Bitcoin ETF (BITU) are seeing inflows this year. Data by ETF.com shows that the BITX ETF has added assets in all months this year. As a result, its total assets under management have risen to over $1.39 billion. BITU, launched in April, has already added $266 million in assets, indicating strong demand among investors. This week,…
Shares of Australian Bitcoin miner Iris Energy dropped 14% on Friday after Culper Research questioned the firm’s ability to serve the high-performance computers for AI. Iris Energy (IREN), the Australian Bitcoin mining company, saw its shares plunge 14% on Jul. 12 after short seller Culper Research issued a report, raising concerns over Iris’ capabilities to provide high-performance computing (HPC) services for artificial intelligence (AI) in Childress, Texas. In a Jul. 11 report, Culper said that Iris’ flagship Childress buildout “lacks numerous features that are critical to HPC applications,” adding that…
Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and […] Source CryptoX Portal
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […] Source CryptoX Portal