The worst sell-off of the year occurred on March 10, when the cryptocurrency market unexpectedly went red. The bitcoin price fell below $20,000 for the first time in three months, and the gloomy sentiment is prevalent in the market. Leveraged traders have been left reeling due to the aftermath of the crash, which saw millions … Read more
The Danish toymaker Lego is expanding its assault into the virtual world by joining forces with the video game industry facilitator Epic Games. The Lego Group is teaming together with game engine maker Epic Games to develop a metaverse-driven effort aimed at the digital market. According to sources, the famed Danish toy company intends to … Read more
Starbucks Corporation, an American global chain of coffeehouses, has released its newest collection of Non-Fungible Tokens (NFT), which it has dubbed “The Siren Collection.” According to reports, the collection, which consisted of two thousand artifacts referred to as stamps and offered as part of the Odyssey program, sold out in only around 18 minutes. Despite … Read more
In light of the significant worsening in the macroeconomic factors, Blockchain.com concluded that it was necessary to terminate BACM, which catered to institutional players. Some crypto companies have been feeling the effects of market instability and liquidity problems. The prominent cryptocurrency business Blockchain.com has decided to close down its crypto wealth management arm in the … Read more
A recent Reuters article claims that OpenAI is working on expanding the level of personalization available to users of its ChatGPT chatbot. The developer of ChatGPT plans to distribute tools that will give businesses and individuals greater agency over the widely adopted AI system. Executive Director of OpenAI Sam Altman said (1) the services should … Read more
Bakkt has announced (1) its earnings for the fourth quarter of 2022, reporting $15.6 million in revenue. Although this number was lower than the expected $16 million, it still marks a 14% rise over the previous year (YoY). Q4 revenue growth for the digital asset management software system was met with increased costs. This turn of … Read more
The share price of Silicon Valley Bank, which also operates under the name SVB Financial Group, has dropped by 23.52% in the Pre-Market, after a stunning drop of 60.41% on Thursday. The company is currently experiencing the worst of its days. Considering the significant drop in the price of the bank’s shares, SVB Financial Group … Read more
The cryptocurrency venture capital firms’ portfolio companies were encouraged by the firms to withdraw their assets from the United States commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused VC investors have strongly recommended to their portfolio firms that they remove their cash from the banks as a safeguard. This comes when Silicon Valley Bank Financial … Read more
For the past twenty-four hours, interesting price activity has been seen in Huobi Token. This digital currency, which is native to the Huobi Global market, has witnessed a flash crash, which has resulted in its price falling by as much as 93 percent. During a short period, the value of digital money rebounded to practically … Read more
In a recent lawsuit, the New York Attorney General’s office accused KuCoin of “ignoring our laws and placing investors in danger.” New York Attorney General Letitia James has filed suit against KuCoin (KCS) as part of a larger effort to crack down on virtual currencies. On Wednesday, the New York Attorney General’s office sued (1) … Read more