The metaverse needs to become a “rich, fulfilling and beautiful” place to be, said Serontonin CEO Amanda Cassett—and luxury brands are well-placed to make that happen. Speaking on a panel discussion at Decrypt and Rug Radio’s R HAUS event in Paris, Cassett said that the “parents” of the Web3 industry were technology and finance. “What got us here won’t get…
Startale Labs disclosed this week that it has garnered an additional $3.5 million in funding from UOB Venture Management. This latest seed funding round elevates the startup’s total investment to $7 million, which is earmarked for enhancing the firm’s Web3 offerings. Startale Labs Bags $3.5M Capital Injection From UOB Startale Labs, known for spearheading initiatives […] Source: https://news.bitcoin.com/startale-labs-secures-3-5m-in-funding-to-boost-web3-innovation-gains-support-from-samsung-next-and-uob/
Two European Central Bank officials have been little moved by the approval of spot Bitcoin ETFs in the U.S. The Securities and Exchange Commission approved 11 spot Bitcoin ETFs to begin trading in January. Since then, the funds have surpassed more than $3 billion in net flows, saw more than $1 billion in deposits in a week, and kicked off…
As Bitcoin climbs higher and higher, crypto watchers are furiously debating when the number-one cryptocurrency will meet and exceed its all-time high—but a lot has changed since November 2021. Should the price of Bitcoin return to its high-water mark of $69,044 per coin, according to CoinGecko, it would do so in very different market conditions, including the rate of inflation…
Many have already pronounced the death of NFTs, and in part, they are correct. Amidst the fervor of the NFT hype cycle, we saw huge valuations and sales such as Beeple’s ‘The 5000 Days’ collection selling for a staggering $69.3 million. However, not substantiated by anything beyond the hype, the market came crashing down with […] Source: https://news.bitcoin.com/non-fungible-items-picking-up-where-nfts-left-off-coz-co-founder-tyler-adams/
Bitcoin was flat early Thursday morning ahead of new U.S. data on two important economic indicators—initial jobless claims and housing sales. At the time of writing, Bitcoin is trading for $51,823.78. That’s a modest 0.3% gain since this time yesterday and virtually flat compared to last week, according to CoinGecko data. Both Bitcoin and Ethereum have shown signs of traders…
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, […] Source: https://news.bitcoin.com/privacy-coins-under-attack-not-down-for-the-count-yet/
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing […] Source: https://news.bitcoin.com/stablecoin-issuer-circle-announces-discontinuation-of-usdc-support-on-tron-blockchain/
Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete understanding that his legal representatives were also advocating for Mashinsky. […] Source: https://news.bitcoin.com/report-bankman-fried-stands-by-legal-team-amid-potential-conflict-of-interest/
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF. “In my opinion, it makes these markets […] Source: https://news.bitcoin.com/beyond-bitcoin-ripple-ceo-says-approval-of-multiple-crypto-etfs-inevitable-embraces-idea-of-spot-xrp-etf/
