The Kip Web3 AI base layer previously closed an undisclosed funding round from Animoca Brands in April. Source: https://cointelegraph.com/news/blockchain-developer-warns-of-centralization-risks
Month: June 2024
Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […] Source: https://news.bitcoin.com/metaplanet-directors-approve-btc-acquisition-plan-companys-stock-up-by-nearly-500-ytd/
Crypto investment products see $584M outflow as Bitcoin descends to $60K
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Source: https://cointelegraph.com/news/crypto-investment-products-see-584m-outflow-as-bitcoin-descends-to-60k
Are market makers manipulating 78% of new crypto listings?
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly. Why do market makers seem to be indifferent? Source: https://cointelegraph.com/news/market-makers-manipulating-new-crypto-listings
Jason Derulo Solana Meme Coin Surges After He Claims He Was Duped by Celeb Promoter
Jason Derulo is the latest in a long line of celebrities to launch a meme coin on Solana—and likewise to claim they were scammed by the notorious celebrity coin promoter, Sahil Arora. But the token fixer claims it was all part of the plan. On Sunday, the famed R&B singer posted the address for JASON, a meme coin launched via…
Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide
While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding […] Source: https://news.bitcoin.com/analyst-warns-of-us-banking-sector-troubles-foresees-stock-market-and-bitcoin-slide/
Mech Shooter ‘MetalCore’ Launching Ethereum Token Alongside Latest Beta
Studio369, the developer behind the sci-fi mech shooter MetalCore, announced that it will launch its Ethereum token this week alongside the third phase of its closed beta, introducing new gameplay modes and economic features to the blockchain-based game. Set to begin on June 27, MetalCore’s Closed Beta 3 (CB3) will feature session-based PvP esports competitions, including Domination, Capture the Flag,…
Goblintown Creators Launch ‘Portals’ to Let Holders Move NFTs Across Ethereum Ecosystem
Truth Arts, the company behind the NFT collections Goblintown and Secret Society, is launching a feature that it believes will help shape a multi-chain future for tokenized assets. The team has unveiled “Portals,” a platform that allows users to bridge their Goblintown or Illuminati NFTs from Ethereum to one of several supported blockchains. Effective immediately, holders of those NFTs can…
MetalCore Closed Beta 3 introduces NFTs and Web3 integration
MetalCore’s CB3 launches on June 27. It integrates NFTs and SHARDS, a new offchain currency, and aims to appeal to both Web2 and Web3 gamers. Source: https://cointelegraph.com/news/metalcore-beta3-nfts-web3-integration
4-week correction for Bitcoin? Mt. Gox, Germany gov't add sell-pressure
Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany’s government selling its 50,000 BTC. Source: https://cointelegraph.com/news/bitcoin-price-4-week-correction-mt-gox-germany-sell-btc