Category Archives: Blockchain

Cardano Price Faces Reversal After Reaching 2024 High of $0.657

Cardano’s price experienced a sharp pullback after hitting a high of $0.657, its highest level since March 30, marking a 138% increase from its lowest point earlier in the year. After briefly touching this peak, Cardano (ADA) entered a correction phase, falling by 14% from its weekly high and trading at $0.562 at press time. […]

Animoca Brands Raises $10 Million to Boost Mocaverse Web3 Platform Development

Animoca Brands Raises $10 Million to Boost Mocaverse Web3 Platform Development

Hong Kong-based Animoca Brands has secured an additional $10 million in funding to accelerate the development of its Mocaverse platform, a web3 project centered around a unique collection of 8,888 membership-based NFTs. This latest funding is part of a larger $41.8 million capital raise, aimed at further scaling the platform’s capabilities. The round was led […]

BetHog Launches with $6 Million in Seed Funding to Disrupt Crypto Gambling

BetHog Launches with $6 Million in Seed Funding to Disrupt Crypto Gambling

BetHog, a new crypto-based casino and sportsbook founded by the co-founders of FanDuel, has officially launched with $6 million in seed funding. The platform is designed to offer innovative games and expand its global reach in the online gambling industry. The funding round was led by 6MV, with additional contributions from Will Ventures, Bullpen Capital, […]

Bitcoin nears $90k, long-term holders wake up

Bitcoin nears $90k, long-term holders wake up

Bitcoin’s Rally Continues as Crypto Market Hits New All-Time High Bitcoin’s (BTC) rally post-U.S. elections remains strong, with the cryptocurrency reaching a new all-time high (ATH) of $89,604 early on Tuesday. At this price, Bitcoin’s market capitalization surged to $1.77 trillion. However, the asset saw a slight dip as long-term holders began moving their positions. […]

Truflation launches GameFi Index to track hottest gaming tokens

Truflation launches GameFi Index to track hottest gaming tokens

Truflation has launched its new GameFi Index, a tool designed to track the performance of leading blockchain-based gaming tokens. Announced on November 11, the GameFi Index goes beyond tracking the price of individual play-to-earn (P2E) tokens. Users can leverage the index to gain insights into industry growth and key metrics for play-to-earn projects, including token […]

Saylor’s MicroStrategy ups Bitcoin trove to $22b

MicroStrategy, led by Michael Saylor, has made another significant Bitcoin acquisition, purchasing $2.03 billion worth of Bitcoin, or about 27,200 BTC. This brings the company’s total Bitcoin holdings to 279,420 BTC since it began its aggressive buying strategy in 2020. Saylor confirmed the purchase in a tweet, noting that the latest acquisition was made at […]

Bhutan’s Bitcoin holdings surpass $1b

Bhutan’s Bitcoin holdings surpass $1b

The Himalayan kingdom of Bhutan, known for its emphasis on happiness, has seen its Bitcoin (BTC) holdings soar past $1 billion as the cryptocurrency market continues its strong rally. According to data shared by the blockchain intelligence platform Arkham on November 11, 2024, the Royal Government of Bhutan now holds 12,568 BTC, valued at approximately […]

Crypto market cap hits $3 trillion as BTC smashes past $85k

Crypto market cap hits $3 trillion as BTC smashes past $85k

The global cryptocurrency market has reached a new milestone, surpassing the $3 trillion mark on November 11, 2024, following a significant surge in Bitcoin’s (BTC) price. Bitcoin’s rise past the $85,000 threshold set the stage for the total market cap to cross this critical level. Key Developments: Bitcoin’s Price Surge: Bitcoin surged 6% in the […]

China’s Nano Labs embraces Bitcoin as payment option

China’s Nano Labs embraces Bitcoin as payment option

Nano Labs, a Hangzhou-based fabless integrated circuit (IC) design company, has officially begun accepting Bitcoin as a payment method for its products through a business account with Coinbase. This announcement, made on November 11, 2024, highlights the company’s proactive approach in embracing cryptocurrency within the technology sector. Key Details: Payment via Bitcoin: Nano Labs will […]