Investments targeting the crypto industry reached $30.3B in the first half of the year, more than the whole year combined in 2021, according to Messari’s H1 2022 Fundraising Report. It shows that the market slump in the first six months did not shake investors’ faith in blockchain and crypto technology. Despite the notorious collapses of...Read More
The U.S. Department of Justice (DOJ) announced Friday that Alexander Vinnik, a 42-year-old Russian, has been extradited from Greece to the United States to face multiple charges relating to money laundering and operating an illegal cryptocurrency exchange. Vinnik first got into legal trouble with the DOJ in 2017 for allegedly operating the now-defunct crypto trading...Read More
Dating giant Match Group has announced several modifications to its management team alongside disappointing second-quarter earnings. The CEO, Renate Nyborg, revealed that heavy investments in the metaverse will now take a backseat. Tinder’s first foray into web3-related research and metaverse development was previously envisioned by the exec. She unveiled the ambitious “Tinderverse” project after acquiring...Read More
Over the past two years, the parabolic run of cryptocurrencies has resulted in significant awareness of the crypto-verse. Acala is one such cryptocurrency that has captured the attention of investors. It was launched in January of 2022 and is based on the Polkadot blockchain. That being said, despite severe instability, it has done well in...Read More
The already challenging shift that the Ethereum blockchain is slated to go through soon, is about to receive a monkey wrench. Ethereum is expected to undergo a major software upgrade called the Merge, as early as September. It is expected that the network will shift from using scores of computers, generally referred to as miners...Read More
Ethereum price is entering the crucial resistance zones in an attempt to close the weekly trade above $1800. As the traders appear to have switched to accumulation mode, the ETH price is expected to range beyond $2000 in the coming weekend. As per Glassnode, the addresses holding 100+ coins have reached a 15-month high of...Read More
