The SportVerse is an innovative online gaming platform designed for sports fans who want to participate in various sports-related activities on a metaverse. It offers more than just competing against other players. Players can engage in training, diverse events, social interaction, and other supplementary goods and services. The gameplay also enables players to develop their
Pepe (PEPE), the new meme-coin, has entered a sharp correction phase after a surge of more than 2,000% since its debut a few weeks ago. On May 3, the PEPE price dropped to $0.00000089, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market
The White House has expressed concern over the environmental impact of crypto asset mining, citing negative spillovers on the environment, quality of life, and electricity grids. To address these costs, the Biden administration has proposed the Digital Asset Mining Energy (DAME) tax, which will gradually increase to 30% and encourage companies to take better account
For beginners, the booming NFT market can be quite perplexing. However, Launchpad XYZ ($LPX) is here to simplify the process. The platform offers a suite of state-of-the-art features that assist investors in making informed decisions and streamlining the crypto analysis process. Launchpad XYZ leverages artificial intelligence to provide unparalleled insights into potential opportunities with the
New Brunswick’s provincial government has implemented a moratorium on energy access to crypto miners and other large-scale users due to concerns about additional load demand. N.B. Power, the main power company in the province, expressed concerns about the potential significant pressure that crypto mining could put on the energy supply. The cabinet order that endorsed
Gemini, a leading cryptocurrency exchange, has launched its derivatives platform – Gemini Foundation – in 30 countries outside of the United States. The platform will offer Bitcoin perpetual contracts denominated in Gemini dollars (GUSD) with up to 100 times leverage and Ethereum trading will be available soon. The exchange plans to expand its offerings with
Ecoterra is a new cryptocurrency that is advocating for a sustainable ecosystem through digital carbon credits. The effects of climate change have become increasingly evident, and individuals and entities have embraced technologies that offer intentional ways to offset carbon emissions. Among these emerging technologies, Ecoterra offers the best solutions to support environmentally friendly initiatives with
Bitcoin (BTC) has begun a new week with increased volatility following the announcement that First Republic Bank is being placed in public receivership and taken over by JPMorgan Chase. This news comes before this week’s Federal Reserve meeting, where the next interest rate shift will be revealed, adding further potential pressure to BTC price action.
Bitcoin experienced significant volatility between April 25 and May 1, fluctuating between $27,200 and $30,000. While this 10.5% move may cause alarm from a trading perspective, resulting in $340 million in leveraged BTC futures contract liquidations, from a broader perspective, Bitcoin’s price is up 72% year-to-date in 2023, while the S&P 500 stock market index
The Office of Foreign Assets Control (OFAC) has reached a settlement with Poloniex for $7.6 million regarding various sanctions violations. Poloniex allowed customers in sanctioned countries to trade and transact over $15.3 million of digital currencies through 66,000 transactions between January 2014 and November 2019. Violation Details The violations took place in Cuba, Iran, Sudan,