Markets

With the rapid growth of the web3 market, CGS has begun to accelerate the globalization. As the gamefi market has been recognized in recent years, the audience of CGS is gradually moving from gamefi enthusiasts to the entire web3 crowd. As the blockchain is gradually recognized by the public, CGS will face new opportunities and challenges. So CGS (Crypto Gladiator Shards) brand upgrade was renamed CGL (Crypto Gladiator League), which will grow from the original single...

Hong Kong’s position as an upcoming hub of crypto businesses is being increasingly noticed and discussed in the relevant circles. In a tweet, Coinbase CEO Brian Armstrong referred to the city-state to stress that the United States may lose its position as the financial hub of the world for lacking crypto regulations. Armstrong Calls for Regulations “America risks losing it’s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from...

The Dutch Central Bank has thrown a $3.6 million penalty fee at Coinbase for allegedly failing to meet the region’s registration requirements prior to offering digital currency services in the Netherlands. Coinbase Hit with Huge Penalty Fee The bank says Coinbase has been operating on an unregistered basis since November of 2020. While the appropriate registration protocols were finally adhered to in September of 2022, the company went through a two-year period where it...

Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500. Several altcoins are well in the green as well, with OKB stealing the show and tapping a new all-time high beyond $50. Bitcoin Stopped at $25K Again It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed...

Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate. In an attempt to clarify the situation, Binance.US said that only executives of the platform had such access to its bank accounts. Binance Purportedly Transferred $400 Million from Binance.US A report released by Reuters on Thursday (Feb. 16, 2023) claimed that bank records and company messages...

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

[PRESS RELEASE – Irvine, California, United States, 16th February 2023] The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer gameplay. ProudNet, formerly a subsidiary of Pearl Abyss best known for cross-platform...

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Cardano Foundation The Cardano Foundation has announced today the appointment of Andreas Pletscher as its Chief Operating Officer (COO) and Nicolas Jacquemart as its Chief Legal Officer (CLO). Pletscher joins the Foundation from PwC while Jacquemart joins from FINMA, the Swiss financial market supervisory authority. Commenting on the appointments, Frederik Gregaard, CEO of the Cardano Foundation, stated: “I am thrilled to welcome Andreas and...