Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’

[ad_1] Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days. The project’s co-founder Jeff Zirlin echoed such sentiments via Twitter on July 8, after he stated that the project was “healing” in reference to the strong adoption of NFT land staking, the Ronin bridge being back up, and a notable uptick of game downloads and

CoinFLEX to begin arbitration for $84 million recovery and open limited withdrawals

[ad_1] Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong against an individual account holder.Co-Founders Sudhu Arumugam and Mark Lamb acknowledged in their July 9 announcement that the judgment would provide access to the individual’s “worldwide assets” and that their lawyers were “very confident” they could enforce the award. “We have commenced arbitration in HKIAC for

Twitter lawyers up to force through Musk deal. Will it work?

[ad_1] Social media platform Twitter is reportedly looking to file a lawsuit as early as this week against Telsa CEO Elon Musk after he announced his intention to pull out of the $44 billion deal to acquire the social media giant on July 8. Bloomberg reported on July 10 that the company has hired corporate law firm Wachtell, Lipton, Rosen & Katz and will bring the case to the Delaware Court

Ethereum’s failure to close above $1.3K prompts analysts to predict more downside

[ad_1] The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network.Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a high near $1,280 on July 8 but has since trended down to hit a daily

A brief history of Bitcoin crashes and bear markets: 2009–2022

[ad_1] Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021.June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years.However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to

Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21K

[ad_1] Bitcoin (BTC) hit three-day lows into the July 10 weekly close as $21,000 gave way as short-term support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader eyes bullish divergences across marketsData from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up some of its gains from earlier in the week while still looking to cap its best weekly gains since March.The pair circled $20,850 at the time of writing, around $1,600

AI will help realize the true vision the Metaverse hopes to achieve

[ad_1] The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out? We’re a long way from seeing a true metaverseMany of the

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

[ad_1] We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to  Rene Reinsberg, a co-founder of Celo, an open platform that makes financial tools accessible to anyone with a mobile phone. Rene Reinsberg is a co-founder of Celo and president of The Celo Foundation, a grant-giving

Your crypto wallet is the key to your Web3 identity

[ad_1] Digital identity has been a fraught subject since the earliest days of the internet. Web2 bridged the gap between people’s offline lives, online identities, and creative and consumer habits, which has given way to a thoroughly integrated internet experience designed to be as personalized and targeted as possible. As a new phase of virtual interaction and digital identity appears on the horizon — one even more interconnected than Web2