Why is the crypto market down today?

July 25, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

The crypto market is down today as an unexpected sharp sell-off triggered a wave of liquidations in the derivatives market.

“The question for every nation is, do they want to participate and get a share of this pie,” says WazirX CEO Nischal Shetty. 2931 Total views 23 Total shares Nischal Shetty, an Indian entrepreneur and CEO of crypto exchange WazirX, envisions a race between countries to launch their local versions of central bank digital currencies…

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Square-Enix backs blockchain-based football MMO ‘Soccerverse’

The game uses the Polygon blockchain and currently runs in most browsers.

New Blockchain Partnership Aims to Pave the Way for Mass Adoption in China

A blockchain platform and a mobile gaming company have unveiled a partnership designed to benefit hundreds of millions of users.High Performance Blockchain (HPB) has announced it is the first public chain to team up with gaming company Shanghai Youwan — paving the way for widespread adoption by the customers of some of China’s biggest brands.According…

From payments to DeFi: A closer look at the evolving stablecoin ecosystem

The rise of digital currencies, exemplified by Bitcoin (BTC), brought a groundbreaking shift in the financial landscape. However, it also brought to light a critical challenge: price volatility. Bitcoin and many other early cryptocurrencies exhibited extreme price fluctuations, making them difficult to use for everyday transactions or as a reliable store of value. Users recognized the

Crypto ‘cannot be partisan,’ says US lawmaker who scored negative on bipartisanship index: Report

"This is literally about looking at America and opportunities for Americans," according to Minnesota Representative Tom Emmer. 507 Total views 25 Total shares United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans.According to…

Metaverse schooling to help Japanese city combat growing absenteeism

Government data showed that 244,940 Japanese elementary and junior high school students were absent for at least 30 days in FY 2021. 72 Total views 1 Total shares The Japanese city of Toda, Saitama, adopted a metaverse-schooling service to encourage students — especially those staying far away from school — to attend their classes. The metaverse…

Andreessen Horowitz leads $40M investment round into crypto-trading platform

Talos seeks to accelerate institutional adoption of digital assets. It now has some of the industry’s biggest backers supporting its mission. 1693 Total views 1 Total shares Talos, an up-and-coming institutional technology provider for cryptocurrency trading, has secured $40 million in Series A funding from some of the biggest venture capitalists in the digital asset…

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.”

GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

GameStop launches an Ethereum-powered self-custodial wallet that is set to integrate with an upcoming NFT marketplace. 937 Total views 26 Total shares American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality.The GameStop Wallet will allow gamers to acquire, send…

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