Powel, Author at Cryptotimes Africa

Avalanche is up 132% since last year, market cap surges to over $13b

by Powel January 15, 2024

Within the decentralized finance (defi) space, Avalanche (AVAX) boasts an impressive 132% price increase in defiance of market shifts. Avalanche ascending Avalanche has been making headlines in the crypto community for the past three months as DeFi traders flock toward it. Avalanche’s…

NFT

Nike dives into video game wearables, explores NFT fashion

by Powel January 14, 2024

The digital wearables branch of Nike, .Swoosh has hinted at diving deeper into the domain of video game fashion. The company has also expressed doubts over its non-fungible token (NFT) expansion plans, according to a Jan. 12 blog post. Nike unveils virtual…

uncategorized

Over 30% of blockchain games are now abandoned, data shows

by Powel January 13, 2024

Out of more than 1,300 blockchain games that have been announced since 2021, over 400 are now discontinued or canned. According to data compiled by BlockchainGamer.biz, out of a total of 1,318 blockchain-based games that have been in circulation since 2021, approximately 407, or over 30%,…

News

Blockchain game developer SkyArk Studio raises $15m in round led by Binance Labs

by Powel January 13, 2024

SkyArk Studio, a developer of blockchain-based video games, has secured $15 million from over 40 investors in its latest funding round. In an X announcement on Jan. 12, SkyArk Studio said the funding was led by Binance Labs, with the participation of 40 institutions, including LayerZero CEO Bryan Pellegrino,…

Coins

Top 5 Meme Coins in January 2024: Meet the Trendsetters: DogeCoin, ApeMax, Shiba Inu, Bonk, Corgi AI

by Powel January 13, 2024

The crypto market is experiencing a surge in meme coins, as rumors of a crypto bull run keep crypto fans at the edge of their seats. As we gaze into the crypto landscape of 2024, a slew of noteworthy meme coins is…

News

Father and son sentenced for laundering millions in Bitcoin

by Powel January 12, 2024

A Maryland father and son receive federal prison sentences for their involvement in a dark web drug trafficking and Bitcoin laundering operation. In a case underscoring the complex challenges of digital crime, a father and son duo from Maryland have been sentenced for their…

Coins News

Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making a U-Turn on Stablecoin Launch

by Powel January 12, 2024

The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the…

Feature

Monthly NFT Sales as Solana OutPaced Ethereum for the First time in December 2023

by Powel January 11, 2024

Data from the analytics platform, CryptoSlam, shows that Solana NFT sales amounted to approximately $366.5 million in December 2023, surpassing the $353.2 million recorded on the Ethereum network during the same period. The monthly sales volume of NFTs on the Solana network…

Coins Feature

Ethereum price to cross $3k after Bitcoin ETF approval

by Powel January 11, 2024

Ethereum price briefly broke past the $2,400 mark on Jan. 10, up 10% within the weekly time frame, ahead of the much-anticipated Bitcoin ETF Approval. The crypto market experienced widespread volatility on Jan 9 after the U.S. Securities and Exchange Commission (SEC)…

Article Coins

Ethereum and Bitcoin ETFs: Understanding Your Investment Options

by Powel January 11, 2024

While Bitcoin Exchange-Traded Funds (ETFs) have been a hot topic in the financial world, investors are now turning their attention to the prospects of Ethereum ETFs. Sources provide a detailed analysis of the current global trends, regulatory filings with the Securities and…