Dogecoin has inspired a new generation of meme tokens, one of which is Tamadoge (TAMA). The new meme token has garnered massive investor adoption. TAMA, […]
One of the most prominent financial hubs in gulf countries, Dubai, has shown keen interest in web 3 and metaverse technology. The country’s moves also spurred innovative development and the establishment of regulatory frameworks in neighboring states like Saudia Arabia. But UAE remains ahead of the curve with its latest announcement revealed on Wednesday in […]
The U.S. Bitcoin Policy Institute has urged US regulators to reject the idea of CBDCs and stick to Bitcoin and other stablecoins.
Since the growing crypto issues, high inflation, and happenings like the Terra collapse have shocked the world, law enforcement agencies, including China, have been working actively to protect users and capture criminals. China has busted a new group in a recent crackdown on money launderers. Cybercriminals and fraudsters from almost every corner of the world […]
The GMT’s price has been in a strong upward trend in the past seven days despite other major coins nosediving. It experienced a 13% 7-day growth and a 24-hour gain of 0.53% this morning. Meanwhile, several top coins like FEI USD, Basic Attention Token (BAT), and Ravencoin have seen their prices plummet badly. STEPN (GMT) remains a major move-to-earn crypto project in the market despite fierce competition from the likes of SWEATCOIN. With a market cap of over $400 million, GMT is the 87th largest cryptocurrency by market capitalization on Coinmarketcap. Related Reading: BIS Announces Successful Completion Of CBDC For Cross-border Transactions STEPN Pumps Thanks To GigaSpace Partnership The coin’s price has risen significantly over the past few days after it announced its partnership with GigaSpace metaverse. The partnership will see both companies building a STEPN virtual city for community members. STEPN users can buy STEPN items, organize community events, and engage with others in the metaverse. It’ll have a sports theme and have buildings and amenities, including stadiums, shopping malls, and communal space. After the announcement on GigaSpace’s official Twitter handle, the coin price doubled within 24 hours. This was followed by a steady weekly rise from $0.59 on the 21st to $0.73 yesterday. Meanwhile, other top coins were all down between -5% and -10%. Surviving Amidst Competitors And General Bearish Sentiments STEPN (GMT) has enjoyed a good run since its inception in 2021. Over 4.72 million people have downloaded the app, attracting $5 million in financing and one million active daily users. But in recent weeks, the GMT price exhibited a significant negative trend as Stepn activity showed symptoms of slowing. Sweatcoin’s rise in popularity coincided with its decline. On September 13th, Sweatcoin released its own cryptocurrency, SWEAT. CoinMarketCap reported that the price of SWEAT increased by over 30% in the 24 hours following the launch. As a result, it’s likely that the introduction triggered the GMT price struggle as investors rushed to purchase SWEAT. GMT had also struggled alongside the entire crypto market. On April 29, 2022, it climbed to an all-time high of $3.80. But by the middle of June 2022, it dropped to its all-time low of$0.58, plummeting even more sharply than GST, its sister token. GMT Price Predictions Despite these bearish sentiments, GMT has managed to hold onto its position this week. It closed with a 10% increase two days back at $0.684746. The trading volume over the last 24 hours totaled $265,743,486, with a current price of $0.6719. STEPN lost 0.39% in the past day, ranking #87 on CoinMarketCap with a $400,997,811 market cap. There are a total of 600,000,000 GMT coins in circulation and a maximum of 6,000,000,000 GMT coins available. Related Reading: Is Short Bitcoin ETF Exposure Gearing Up For A Squeeze? STEPN may find support at $0.5964 after bouncing to $0.8070, which is now its resistance. If the GMT price manages a strong breach over $0.8070, it might go to $0.9215 or $1.1170. Featured image from Pixabay and chart from TradingView.com
After a four-year absence, the largest exchange in the world wants to stamp its presence in the Far East.
As the GameFi sector keeps growing, the competition keeps getting tougher. New cryptocurrencies in this crypto market space will have to offer more value and utility than existing ones before they can match up to the prominence and success level of top crypto assets in the space, like The Sandbox (SAND) and Axie Infinity (AXS). […]
Disney CEO Bob Chapek, back in November 2021, said he’s making the necessary preparations to enable the company to combine its physical and digital assets into the digital realm. In their quarterly earnings call last year, Chapek said that for a long time, the company has always been at the forefront of adopting emerging technologies […]
Edward Snowden is now a legal inhabitant of Russia, courtesy of Russian President Vladimir Putin who signed a decree Monday granting the former National Security Agency intelligence contractor – and whistleblower – full citizenship. Related Reading: Bitcoin Down Under: Australia Bags 4th Spot In Global Crypto Adoption – Survey What Else Is In It For […]
Moshnake is a community-backed play-to-earn NFT game. The classic snake game on Nokia mobile inspired the game developers. Eventually, they modified the game so players won’t waste time playing games without any benefit. Instead, they could experience the good old days and, simultaneously, make some money in the form of digital assets. Moshnake players should […]
The issuer of the largest stablecoin by market cap is announcing the launch of the dollar-pegged crypto asset on Ethereum (ETH) challenger Polkadot (DOT). In a new company blog post, USDT issuer Tether says the top stablecoin is now available on the Polkadot blockchain as a means of increasing its presence in decentralized ecosystems. According […]
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A lot of builders have come up in the crypto space since its inception. As it expands, so has the innovation around it. Today, we meet Ari Meilich, co-founder of Decentraland, who tells us about his start in crypto, as well as the interesting projects he continues to build. QUESTION: Can you tell us a […]
The most recent event will be held on the launchpad of the cryptocurrency trading platform MEXC from 06:00 on September 23 to 15:59 on September 27 (UTC). The massively multiplayer online role-playing game (MMORPG) Zalmoxis (KOSON), created by Wenmoon Studios Ltd., is the event project. It is well known that MX holders have priority access […]
One of the pressures in the crypto market is regulation. Many countries’ regulators are consistent in supporting the control and monitoring of crypto assets. These regulators always create laws to manage the industry and protect investors’ funds. California and New York are taking the lead in global crypto regulations. For instance, crypto companies in New York currently operate under a law mandating them to get a “BitLicense” before offering virtual asset services. The law has become operational in the State, although the current mayor Eric Adams is not supportive of the law. Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why But apart from these top players, other States such as Arizona and Wyoming are also coming up with diverse crypto regulations. California Bill For Crypto Businesses And Exchange Another bill, like the BitLicense law, emerged in California. The “Digital Financial Assets Bill” will mandate exchanges and businesses in the industry to get a license from California regulators. This bill had earlier passed the assembly with a 71-0 vote. It also gave the senate and now awaits the Governor, Gavin Newsom, to sign it by September 30. Unfortunately, but surprisingly, Newsom vetoed the bill. The decision has surprised the regulators, but the crypto community is thrilled about it. Newsom wrote to the California State Assembly, stating that he would veto the bill. According to him, the crypto oversight bill is unsuitable for the State. The Governor believes that the crypto industry is gaining more popularity by the day. As such, there should be a transparent law protecting the citizens of the State. To achieve that, Newsom mentioned that his administration had researched the crypto industry to uncover protective approaches for investors. Therefore, signing a bill without cognizance of his research will be wrong. Also, he pointed out that the federal mid-term election is in the pipeline and should be completed first. Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6? According to Newsom, the bill will draw tens of millions from the State’s general fund. This amount will be required in the cost-benefit analysis of the bill and will be accounted for during the State’s budgeting process. So, he suggests that the regulators wait for now and develop a flexible approach to strike a balance between innovation and protection. The Digital Asset Community Rejoices Every regulation in the crypto industry affects operations in one way or another. That’s why the community applauds Newsom’s actions to keep the bill. The Blockchain Association Jake Chervinsky applauded the Governor’s guts and strength in standing up to the State Assembly. Also, Miles Jennings from a16z praised Newsom for his support of Web3 in California. Featured image from Pixabay, chart from TradingView.com
After successfully raising $19 million during the period of July 25 to September 18, Tamadoge is now ready to be listed on OKX, a cryptocurrency […]