Funding Secured for Ambitious Growth Phase Nibiru Chain, a general-purpose layer one blockchain, has secured $12 million in funding to fuel its ambitious growth plans. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. Developer-Centric Platform with Built-In Dev Toolkit Nibiru Chain stands out with its innovative…
Taki Games, the player-owned mobile gaming network, has partnered with Web3 gaming community GameFi to launch GameFi Food Fighter, a new mobile game that combines addictive gameplay with blockchain-based loyalty. The game aims to bring Web3 loyalty and one of the leading Web3 brands to mainstream gamers. Taki Games addresses flawed tokenomic models where players…
Why the Halving Event Will Send the Market Higher Crypto analyst James van Straten explains why the Bitcoin halving event is bullish for price. The halving is an event that occurs approximately every four years, cutting the block rewards in half. This means that the number of BTC that miners are awarded for mining a…
Bitcoin Dominates Institutional Inflows Bitcoin saw a massive inflow of $703 million last week, accounting for 99% of all inflows into digital asset investment products. Solana came in second with a modest inflow of $13 million, outperforming Ethereum’s $6.4 million inflow. Spot Bitcoin ETFs Shine in the US Spot Bitcoin ETFs in the US attracted…
Digital Currency Group’s Objection: DCG, the parent company of bankrupt lender Genesis, objects to the proposed bankruptcy plan. The plan allegedly violates the Bankruptcy Code by overpaying customers. This favors a select group of creditors and strips DCG of economic and governance rights. Overpayments and Violation of Bankruptcy Code: DCG argues that the plan pays…
Ripple Case: No End in Sight Former Securities and Exchange Commission (SEC) Chair Jay Clayton recently commented on the ongoing battle between the SEC and Ripple. His remarks suggest that the case may not be coming to an end anytime soon. SEC May Appeal Court’s Ruling In an interview, Clayton hinted that the SEC could…
Hedera, a public distributed ledger network, has partnered with the Saudi Ministry of Investment in a five-year deal worth $250 million. DeepTech Venture Studio: Nurturing Innovation in Saudi Arabia As part of the partnership, Hashgraph, the company behind Hedera, has launched the DeepTech Venture Studio in Riyadh. This studio will support local Saudi companies and…
Shiba Inu (SHIB) is still a hot topic among crypto investors, especially large ones. This is evident from the significant increase in their activity over the past week. This surge in whale activity coincides with a notable rise in SHIB burns, which could potentially drive the meme coin toward another rally. Whale Transactions Skyrocket Large…
Background Synthetix (SNX) founder Kain Warwick believes US regulators should have stayed away from initial coin offerings (ICOs). SEC’s Response to ICOs Warwick criticizes the U.S. Securities and Exchange Commission’s (SEC) response to ICOs as “schizophrenic and bumbling,” leading to a worse outcome for the sector. ICOs and Retail Investors ICOs were used to raise…
Crypto trader Jason Pizzino believes the altcoin market is nearing a bottom and poised for a significant upswing in the coming months. In a recent strategy session, he told his YouTube subscribers that the total altcoin market cap has flipped a key resistance level into support, indicating a potential bull run later this year. Key…
