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The metaverse, one of the pillars of the blockchain industry, has lost traction in the past few months as the crypto winter continues. Most of the flagship metaverse platforms have seen their users and their tokens plummet by double digits. Similarly, companies like Meta Platforms that were betting on the industry have slashed their ambitions.
Once thought to be a far-fetched notion, rooted primarily in the realm of science fiction, the idea of a digital metaverse has garnered a lot of traction over the last couple of years. In fact, owing to the social, monetary, and technological potential possessed by this burgeoning digital paradigm, many analysts believe that the space could generate up to $5 trillion over the next 7 odd years.
Commencing on August 29th, Bitstamp plans to temporarily halt trading activities for a carefully selected range of well-known tokens. Notable names on this list include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR, Sandbox (SAND), and notably, Solana (SOL).
The SEC's enforcement actions have turned the U.S. market into rugged terrain for crypto firms.
Bitstamp will "permanently" halt trading for a selection of altcoins for its clientele based in the U.S. What Happened: The crypto exchange stated that it has a "comprehensive framework in place to continuously evaluate" cryptocurrencies and that it takes into account "the dynamic regulatory environment." "Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.
Cryptocurrency exchange Bitstamp has announced its decision to suspend trading of several cryptocurrencies for customers based in the United States starting from August 29th. The move comes in response to recent developments, although the specific reasons behind the suspension were not detailed in the announcement.
Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers, canceling all existing orders for those assets. After this deadline, U.S.
According to a recent post by Chinese crypto journalist and blogger Colin Wu, major crypto trading platform Bitstamp has made an announcement that it plans to delist several major cryptos at the end of the month.
Bitstamp will halt U.S. trading of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL from August 29, 2023, amid regulatory considerations and expansion plans.
After a brief rebound last week, another 5% price correction has seen Decentraland (MANA) price retest $0.35 on Monday Aug 7. With Yield Guild Game's (YGG) climbing 350% and entering a new gear, it appears play-to-earn (P2E) investors are now dumping MANA.
Metaverse, once hailed as the future of the internet, now faces a potential flop. But amidst the challenges, there is hope for refinement and widespread accessibility in the virtual realms.
The crypto market has been abuzz recently, sparked by the landmark ruling declaring XRP is not a security. This ruling has had a partial influence on the prices of major cryptocurrencies.
Welcome to the latest update on the news and prices of the most interesting crypto assets of the moment: Decentraland (MANA), Cronos (CRO), and Shiba Inu (SHIB).
Decentraland (MANA) price edged closer to $0.40 on Friday morning, bringing its weekly gains to 18%. On-chain data reveals an accumulation wave among a cluster of price-savvy millionaire whale investors.
These cryptos to sell now offer little real-world utility and have lost a ton of value and will lose more amidst the market volatility
Story Highlights MANA price could reach a maximum of $0.68 by the end of 2023. Decentraland price with a potential surge could go as high as $6.17 by the end of 2030. The current price of MANA coin is .
AI and metaverse tokens are taking hits despite the hype over artificial intelligence and Apple's Vision Pro headset reveal. CoinDesk Executive Director of Global Content Emily Parker breaks down the underperformance of tokens affected by the SEC's lawsuits against Binance and Coinbase.
Trading platform eToro announced on Monday that it would delist four crypto assets for its US customers, citing “recent developments.” On Monday, social investment platform eToro said it would delist four crypto tokens from its platform for US customers.
Social investing platform eToro will delist a selection of cryptocurrency tokens for its U.S. customers. What Happened: The company will no longer allow U.S. customers to open new positions in Algorand (CRYPTO: ALGO), Decentraland (CRYPTO: MANA), Dash (CRYPTO: DASH), and Polygon (CRYPTO: MATIC).
The investment provider will delist four cryptocurrencies for U.S. customers in response to the SEC's lawsuits against Binance and Coinbase.Customers will not have the option to open new ALGO, MANA, DASH, and MATIC positions from July 12.Users can still hold and sell their positions until further notice.eToro cited “recent developments” as the reason following securities claims in filing against the two major cryptocurrency exchanges. The U.S. Securities and Exchange Commission enforcement actions against crypto exchanges Binance and Coinbase continue to reverberate throughout the industry as investment platform eToro plans to delist four digital assets that are allegedly unregistered securities.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
eToro, a leading social trading platform, has delisted four crypto assets for U.S. customers, citing recent developments.
Israeli multi-asset investment platform eToro announced that its users in the United States will soon be unable to access Algorand (ALGO), Polygon (MATIC), Decentraland (MANA), and Dash (DASH), following a similar move made by Robinhood.
The delisting of these crypto assets by eToro may hurt their prices and liquidity as they will lose access to a large and active customer base.
