We round up the weekly news from across Asia, highlighting the most important industry trends. The Korean Metaverse is Shutting Down Amid Scandals and Indifference Korea’s tech-savvy population, high-speed internet, and deep-rooted gaming culture make it an ideal testbed for metaverse applications. Despite these advantages, some of Korea’s top metaverse platforms are now closing their doors. The latest victim is 2nd Block, a metaverse built by Dunamu, which operates South Korea’s largest cryptocurrency exchange Upbit. Dunamu announced that it would be shutting down its metaverse service on September 9 due to weak participation as the pandemic eased. Naver’s Zepeto is…
Author: Crypto Flexs
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Ted Hisokawa 14 Aug 2024 15:28 According to CoinGecko, the Ethereum (ETH) price prediction for 2024 highlights significant upside potential, fueled by ETFs and technological advancements. According to CoinGecko, Ethereum (ETH) is expected to see a significant upside in 2024 due to the potential approval of an Ethereum ETF and advancements in blockchain technology. Despite lagging behind Bitcoin (BTC) in recent performance metrics, analysts are optimistic about Ethereum’s future price trajectory. What is the Ethereum price prediction for 2024? Top analysts and financial outlets have predicted that Ethereum could hit an average of $6,404…
We round up the weekly news from across Asia, highlighting the most important industry trends. The Korean Metaverse is Shutting Down Amid Scandals and Indifference Korea’s tech-savvy population, high-speed internet, and deep-rooted gaming culture make it an ideal testbed for metaverse applications. Despite these advantages, some of Korea’s top metaverse platforms are now closing their doors. The latest victim is 2nd Block, a metaverse built by Dunamu, which operates South Korea’s largest cryptocurrency exchange Upbit. Dunamu announced that it would be shutting down its metaverse service on September 9 due to weak participation as the pandemic eased. Naver’s Zepeto is…
Encryption Market capitalization is a measure of a project’s dominance and popularity. TronMarket capitalization has appeared Resilience Recently Market confusion. TronClosed due to continued strength. CardanoIn the 10th place CoinMarketCap. The market capitalization of a cryptocurrency is a key indicator of its dominance and popularity. It is calculated by multiplying the current price by the circulating supply. However, due to the volatility of cryptocurrency prices, these rankings can change rapidly, reflecting the dynamic and unpredictable nature of the industry.Cryptocurrency prices have fluctuated significantly in recent weeks due to macroeconomic factors and geopolitical tensions. Despite these upheavals, Tron (TRX) has shown…
Social Platforms • August 15, 2024 1:55 PM EDT Posted 1 minute earlier ~ in Quick take The channel name, “The Defiant Ones,” matches a recent trademark registration. Last week, Donald Trump Jr. and Eric Trump shot down rumors that the cryptocurrency project would be a memecoin. Donald Trump Jr. launched a Telegram channel on Thursday, with the sons of Republican nominee Donald Trump further teasing the former president’s foray into decentralized finance. “There are a lot of rumors going around about our crypto project,” he wrote in a post on X. “To hear the real story and get the…
Timothy Morano 15 Aug 2024 01:22 We analyze the potential impact of President Trump’s election on Bitcoin (BTC) and the cryptocurrency market as a whole, including his policies and Vice Presidential candidate JD Vance. As the 2024 US presidential election approaches, the potential victory of Donald Trump has become a highly controversial topic, especially within the crypto community. According to CoinShares, Trump has a 46% chance of winning, reflecting significant interest in his policies among the digital native and crypto-supporting demographic. Trump’s Pro-Crypto Policy and JD Vance’s Influence Trump’s choice of JD Vance as…
A prominent cryptocurrency analyst says Bitcoin (BTC) could fall below $50,000 if one of its key support levels fails to hold. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,900 followers on social media platform X that the next test for the cryptocurrency king could be a breakout above $70,000 or a crash below $50,000. “I think it’s very simple. If BTC breaks current levels, it will go to $70,000. If BTC doesn’t break current levels, it will go to $40,000 (there may be a bounce in between).” Source: Altcoin Sherpa/X Sherpa said that if BTC’s…
A prominent cryptocurrency analyst says Bitcoin (BTC) could fall below $50,000 if one of its key support levels fails to hold. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,900 followers on social media platform X that the next test for the crypto king could be a breakout above $70,000 or a crash below $50,000. “I think it’s very simple. If BTC breaks current levels, it will go to $70,000. If BTC doesn’t break current levels, it will go to $40,000 (there may be a bounce in between).” Source: Altcoin Sherpa/X Sherpa said that if BTC’s…
Ether is trading 25% above its eight-month low of $2,112 on August 5. The second-largest cryptocurrency by market cap is on the rise, up 13% over the past seven days.ETH/USD daily chart. Source: TradingViewDespite these achievements, analysts believe that there are still downside risks to Ether (ETH) for now.“I don’t expect ETH to break $2,800-$2,900, but rather remain range bound for some time through August and September,” McKenna, a partner at Arete Capital, wrote in an August 15 post to X.McKenna cited Ether’s recent price action following a recent drop due to market maker Jump Trading dumping ETH and concerns…
Circle, the issuer of the USDC (Circle-United States dollar) stablecoin, recently published a white paper titled: Risk-based capital for stable value tokens; We propose a novel risk-based capital management model for stablecoins and other digital cash tokens.The authors of the paper argue that stablecoins require appropriate capital reserve requirements that go beyond the capital standards currently established under the Basel banking regulatory framework to mitigate the risks inherent in stablecoins, tokens identical to other fiat currencies, and token issuers.According to the authors, these inherent risks include, but are not limited to, the lack of token price due to market trading,…