Weekly altcoins analysis. Terra Luna Classic and Ripple (XRP)
The LUNC coin price has declined over three consecutive days, the price reversed from a downward trendline, and breached $0.000167 in local support. The current price of the coin is $0.000165, and a daily close below the mentioned support will intensify the current selling pressure. This development encourages further Terra coin price declines. A descending […]
Wemix delisting saga continues at South Korean court
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea’s largest crypto exchanges. Wemade’s request to have its Wemix (WEMIX) tokens delisted was denied by a South Korean court, which backed the local exchanges’ decision. The Digital Asset eXchange Alliance (DAXA) decision to delist WEMIX from significant South Korean exchanges […]
Consumer interest in Metaverse is over 90% : Capgemini
Consulting company Capgemini has released a report showing that with the current tech winter, consumer interest in metaverse remains high. The metaverse and its potential utility continue to hold sway in consumers’ minds despite tumultuous market conditions over the previous year. Over three-quarters of consumers anticipate that their interactions with brands and people will be […]
Japan’s Financial Group to issue soulbound token to explore Web3
Sumitomo Mitsui Financial Group, a financial organization in Japan, is moving to explore the benefits of Web3 by issuing soulbond tokens. Sumitomo Mitsui Financial Group (SMBC), a Japanese financial organization, is going to investigate the advantages of Web3 by releasing soulbond tokens (SBTs). SBTs are referred to as digital identity tokens that represent a person’s […]
Nomad Releases Bridge Relaunch Guide
The Nomad protocol will allow users to bridge back madAssets and access a pro-rata share of recovered funds. After correcting the contract flaw that was the source of an August $190 million exploit, the Nomad token bridge has made an announcement about their relaunch manual. The Nomad protocol will enable users to bridge back madAssets […]