Animoca Brands: Revenue Surges as AI Slashes Costs by 12%

Animoca Brands: Jumping Ahead with AI

Imagine a company that’s not just keeping up with the times, but leaping ahead. That’s Animoca Brands for you! They’ve been using smart computers, or artificial intelligence (AI), to make their work faster and cheaper. Let’s find out how they’ve been doing so well.

Growing Revenue and AI’s Magic Touch

Animoca Brands made $314 million in 2024, which is 12% more than the year before[1][3]. That’s impressive, especially when you consider how tough things have been in the crypto world. Their Digital Asset Advisory (DAA) business did amazing, making $165 million, which is 116% more than the year before[1][3].

Here’s where AI comes in. Animoca Brands used AI to cut their costs by 12%, from $246 million in 2023 to $217 million in 2024[1][3]. That’s like having a smart helper who knows how to save money!

Many Ways to Make Money

Animoca Brands doesn’t put all its eggs in one basket. They have different parts of their business, like Mocaverse, The Sandbox, Open Campus, and GAMEE, that made $110 million together[3]. They also make money by investing in other things, which brought in $39 million[3].

AI’s Super Powers

Animoca Brands isn’t just using AI to save money. They’re also using it to do cool things. They worked with FLock.io to make HeyAni, an AI platform that helps people understand Web3 investments better[5]. It uses special learning to look at business plans and tokens, giving useful feedback to everyone involved[5].

Looking Ahead with AI by Their Side

Animoca Brands is ready for the future. They think that with AI helping them, they can keep growing in 2025 and beyond[1][4]. AI not only helps them work better, but it also helps them think of new ideas. That’s why Animoca Brands is a leader in the digital asset and blockchain world.

Sources:
Cointelegraph
Blockchain Gamer
Coin Central

Ethereum’s RSI Plunges to May ’22 Lows: More Sell-Off Looms

Ethereum’s Weekly RSI Drop: A Closer Look

Ethereum, the second-biggest cryptocurrency, has been going through a tough time lately. Its weekly Relative Strength Index (RSI) has dropped to its lowest point since last May. This has worried many investors and analysts because it might mean Ethereum’s price could keep going down in the coming days. Let’s find out what this means and what it could mean for Ethereum’s future.

What’s the RSI and Why It Matters

The Relative Strength Index (RSI) is like a thermometer for the cryptocurrency market. It shows how much the price has changed recently and helps us know if a cryptocurrency is being bought too much (overbought) or sold too much (oversold). When the RSI is below 30, it usually means the cryptocurrency is oversold and might be a good time to buy. But, it also means that the cryptocurrency has been sold a lot, which could continue if people are still worried about the market.

Ethereum’s weekly RSI has dropped to about 35.87, which is the lowest it’s been since last May[1]. This is important because when Ethereum’s RSI was at a similar level before, its price dropped a lot. For example, in May 2022, Ethereum’s price kept going down by about 60% after reaching a similar RSI level[1][3].

What’s Happening in the Market

The whole cryptocurrency market has been going down lately. The total value of all cryptocurrencies has dropped from $3.7 trillion to $2.8 trillion in recent months[1]. This is partly because of things happening in the world economy, like trade arguments and fears of a recession. The U.S. putting trade tariffs on Canada and Mexico has also made the market more uncertain, which makes cryptocurrency prices go up and down more[1].

Ethereum, in particular, has been having a hard time since it reached its highest price of $4,878 in November 2021. In the past year, Ethereum’s price has gone down by 41.6%, which is different from Bitcoin, which has gone up by 26% in the same time[1]. Some people are worried that Ethereum’s price might keep going down and even reach $1,000[3][5].

What Technical Analysis Says

From a technical point of view, Ethereum’s price is having a hard time getting past some important levels. To start a real recovery, Ethereum needs to go past the $2,275 resistance level, which is also where the 50% Fibonacci retracement level of its recent drop is[4]. If Ethereum can’t get past this level, its price might drop again, with important support levels at $2,080 and $2,000[4].

What It All Means

In short, Ethereum’s recent RSI drop to its lowest level since last May means that there’s more selling pressure, and Ethereum’s price might keep going down. Some analysts think this could be a good time for long-term investors to buy, but others warn that Ethereum’s price might drop to $1,000 if the market doesn’t get better[3][5]. As the cryptocurrency market keeps dealing with challenges from the world economy and things happening inside the market, investors need to stay alert and think about both the technical and fundamental things that affect Ethereum’s price.

Sources:
NewsBTC
Coingape
Mitrade
Binance

Ethereum’s ‘Pectra’ Nears Mainnet After Sepolia Success

Ethereum’s Big Upgrade: Pectra Explained

Hey there! You might have heard that Ethereum is getting a big upgrade. It’s called Pectra, and it’s a huge deal in the world of blockchain. This upgrade is like a major makeover for Ethereum, designed to make it faster, safer, and easier to use. Let’s dive in and see what’s in store!

What’s the Pectra Upgrade?

The Pectra upgrade is like a combo of two previous updates: Prague for the part that runs stuff on Ethereum, and Electra for the part that makes sure everyone agrees on things. They’re joining forces to make Ethereum’s architecture work better together. This upgrade comes with a bunch of changes that will make Ethereum even better.

What’s New in the Pectra Upgrade?

1. No More ETH for Fees!

You heard it right! With Pectra, you won’t need ETH to pay for fees anymore. You can use stablecoins like USDC or DAI instead. Isn’t that cool?

2. More Efficient Staking

Staking is like putting your ETH to work to help keep Ethereum secure. With Pectra, you can stake up to 2,048 ETH instead of just 32 ETH. This means you can stake more and help the network even more!

3. Faster and Smarter Storage

Verkle trees are like a smart way to store data. They’ll make Ethereum’s storage more efficient and speed up transactions. Win-win!

4. Less Congestion on Layer 2

Layer 2 solutions like Arbitrum and Optimism help Ethereum handle more transactions. With Pectra, they’ll be able to handle even more, making Ethereum faster and cheaper to use.

5. Faster Confirmations

With Pectra, your transactions will be confirmed faster. This means you won’t have to wait as long to know if your transaction went through.

Why is Pectra a Big Deal?

The Pectra upgrade is a huge step forward for Ethereum. It makes Ethereum faster, safer, and easier to use. With these changes, Ethereum can support even more apps and users, making it even more popular and valuable.

Get Ready for a New Era!

The Pectra upgrade is like a giant leap forward for Ethereum. It’s not just a technical update; it’s a way to make Ethereum even better and more competitive. With Pectra, Ethereum is ready to take on the future and become even more amazing!

Sources: Binance, Figment, Learn 2 Trade, Stakely, Coinbase

Ethereum’s Pectra Upgrade Live on Testnet; Mainnet Delay Possible

Ethereum’s Big Upgrade: Pectra Explained!

Great news, Ethereum fans! The Ethereum Pectra upgrade has taken a big step forward by activating on the Sepolia testnet[1][2]. This upgrade is like a superpower for Ethereum, making it faster, safer, and easier to use. But, some people are worried that the main upgrade might be delayed. Let’s find out more about this exciting upgrade and what it means for Ethereum’s future.

What’s the Pectra Upgrade?

The Pectra upgrade is a combination of two major updates: “Prague” for the part that runs the network’s rules, and “Electra” for the part that agrees on the network’s state[2]. It wants to make Ethereum better for users, validators, and developers. Here are some cool things it can do:

    • Account Abstraction: This means that regular Ethereum accounts can do things that only smart contracts can do, like paying gas fees with other coins[3].
    • Validator Staking Limit Increase: Right now, you need 32 Ethereum coins to become a validator. With this upgrade, that limit goes up to 2,048 coins. This helps big validators and makes it easier to set up a node[1][2].
    • Rollup Scalability: Rollups are like side quests in a video game. They help Ethereum handle more transactions at the same time, making them cheaper and faster[4].

Testing and Challenges

The Pectra upgrade first went to the Holesky testnet on February 24, but it had some problems, like a chain split[2]. But, the team fixed those issues, and the upgrade went smoothly on the Sepolia testnet on March 5[1][5].

When’s the Main Upgrade?

The main upgrade is expected in early April, but we need to wait for the All Core Developers meeting on March 6 to make sure everything is ready[1][3]. Some people are worried that the upgrade might be delayed because it’s so big and needs lots of testing.

What Does This Mean for Ethereum?

The Pectra upgrade can make Ethereum faster and easier to use, which can attract more developers and users. This can make Ethereum more competitive in the blockchain world. The upgrade on the Sepolia testnet has already made Ethereum’s price go up a little bit[5].

Ethereum’s New Chapter

The Pectra upgrade is a big deal for Ethereum. It’s making Ethereum better and more efficient. Even though some people are worried about delays, the successful testnet activations show that Ethereum is on the right track. As the main upgrade gets closer, everyone is excited about this new chapter in Ethereum’s story!

Sources: Odaily, PANews, CoinDesk, Cointelegraph, Blockchain.News

Olympic Breakdancer’s Brother Accused of Crypto Crime

Surprise Twist: Breakdancer’s Brother Accused of Crypto Crimes

Imagine this: the brother of a famous breakdancer is suddenly accused of handling money linked to crypto-related crimes. This shocking news has surprised everyone, showing us that even in the most unexpected places, serious things can happen. Let’s find out more about this surprising case.

The Accusation: Crypto Fraud Charges

Brendan Gunn, the brother of well-known breakdancer Rachael Gunn, has been accused by a special Australian group called ASIC. They say he handled more than $100,000 from illegal activities through something called Mormarkets[5]. This is a big change from what people thought about the Gunn family, who were known for their breakdancing, not financial crimes.

The Impact on the Family and Community

This news will probably have a big effect on Brendan’s family, especially his sister Rachael. She has worked hard to become a great athlete. The breakdancing community, which values creativity and honesty, might also be affected. This reminds us that financial crimes can happen anywhere, affecting not just individuals but also their loved ones and the wider community.

Understanding Crypto Crimes

Cryptocurrency, which is like digital money, can be used for illegal activities because it’s hard to track who’s using it. This has led to more scams and money laundering. The charges against Brendan Gunn show that we need stricter rules and better checks in the crypto world to stop these crimes.

The Role of Regulatory Bodies

ASIC’s involvement in charging Brendan Gunn shows how important it is for special groups to watch and stop financial crimes. They help us trust the financial system and make sure people who do wrong things are punished. This case also shows we need to work together to fight crypto-related crimes.

Conclusion: A Call for Vigilance

This accusation against Brendan Gunn shows us that different worlds can be connected in surprising ways, and unexpected challenges can happen. It’s important to always do the right thing, whether we’re talking about sports or money. As the world gets more complicated, we need to be careful and make sure our actions are fair and honest.

Sources:

BitDegree

Adelaide Now

Bitcoin’s Pullback: Consolidation Likely

Bitcoin’s Calm Before the Storm: Understanding Consolidation

Bitcoin, the world’s most famous digital currency, is going through a crucial phase called consolidation. This means its price is staying steady within a certain range, with less ups and downs. Let’s find out what this means for investors and the market.

What is Consolidation?

Consolidation in the money world happens when an asset’s price becomes stable after big changes. For Bitcoin, this phase is important because it often happens before big price changes. Right now, Bitcoin is trading between $65,000 and $69,000, showing price stability[1]. This range has less price changes, with the Average True Range (ATR) at $1,500[1].

Market Signs and Feelings

Some market signs suggest that Bitcoin might have a big move soon. The Relative Strength Index (RSI) is at 55, which means the market isn’t too excited or too worried[1]. The Bollinger Bands have gotten closer, with the top one at $69,000 and the bottom one at $65,000, showing less price changes[1]. Also, the Moving Average Convergence Divergence (MACD) showed a positive crossover, which could mean prices might go up[1].

But, the Crypto Fear & Greed Index shows that investors are feeling more careful now, with a score of 52[1]. This means they might be waiting to see what happens before making big decisions.

Network Activity and On-Chain Stuff

Bitcoin’s network activity has gone down a bit, with fewer active addresses[1]. This is normal in a consolidation phase, when people are less active in the market. On-chain metrics, like the Bitcoin MVRV ratio, show that the market is in a fair value zone, which fits with the consolidation story[1].

What’s Next?

Some experts think that Bitcoin’s consolidation could end with a big move, maybe leading to big price changes. The Bollinger Bands show that a breakout might happen soon, like it did before when prices went up a lot[3]. But, when this will happen is not clear and depends on many things, like what’s happening in the world and how investors feel[5].

Waiting for the Next Big Thing

Summary and Outlook

Bitcoin’s consolidation phase gives both chances and challenges to investors. While it can lead to big price changes, it also means the market is uncertain. As Bitcoin stays in its current range, investors are waiting for signs of a big move. Whether Bitcoin will go up or down depends on how investors feel and if new things happen to make prices change.

Sources:

Crypto ‘Godfather’s’ Ex-Girlfriend Admits to $2.6M Tax Fraud

Unraveling the Crypto ‘Godfather’ Story

Imagine this: a man, known as the crypto “Godfather,” and his girlfriend, involved in a web of financial crimes that’s left them facing serious legal trouble. This is not a movie plot, but a real-life story that’s been making waves in the world of cryptocurrency. Let’s break down this fascinating saga.

The Crimes and Charges

Adam Iza, the self-proclaimed crypto “Godfather,” was up to no good. He sneaked into advertising accounts and lines of credit from big tech companies like Facebook and Meta Platforms, then sold access to these accounts[1]. He made millions this way, but didn’t tell the tax man. In January, he admitted to his crimes – conspiracy, wire fraud, and tax evasion[1].

Iris Ramaya Au, Iza’s ex-girlfriend, was right there with him. She created fake companies and bank accounts to hide the money they made from these shady deals[1]. They used this money to pay over $1 million to some deputies, buy fancy stuff, and even get $16 million in cryptocurrency[1].

The Tax Charge and Plea Agreement

Au has agreed to say she’s guilty of not telling the truth on her tax returns. She admitted to moving more than $2.6 million from the fake companies’ accounts to her own between 2020 and 2023, but didn’t report it on her tax forms[1][2]. This could land her in federal prison for up to three years[1].

Legal and Financial Implications

The law is taking this case very seriously. Iza and Au’s guilty pleas show that financial crimes related to cryptocurrency are no joke. Plus, the involvement of law enforcement officials in Iza’s schemes suggests there might be corruption going on[1].

From a money point of view, this case shows the dangers of hiding income and misusing cryptocurrency. The $16 million in cryptocurrency they got using dirty money shows how easy it is to use digital assets to hide illegal gains or launder money[1].

Conclusion: A Lesson in Being Honest with Money

This story is a big warning about the importance of being honest with money. Iza and Au are facing serious trouble because they didn’t tell the truth about their income. As the world of cryptocurrency grows, we need stricter rules and better watchdogs to stop these kinds of crimes in the future.

Sources:
mynewsla.com
panewslab.com
binance.com
advfn.com

PS5 Studio Layoffs Fuel Gaming Industry Job Cuts

Gaming Industry’s Ups and Downs: A Look at PlayStation’s Layoffs

The world of gaming is known for its creativity and tech innovations, but it’s also facing some tough times. Recently, Sony’s PlayStation Visual Arts team in San Diego had to let some of their team members go. This isn’t the first time it’s happened, and it’s not just Sony facing these challenges. Let’s dive into what’s happening and why.

What’s Going On at PlayStation Visual Arts?

Sony’s PlayStation Visual Arts team has been through some tough times. They’ve had to let people go a few times this year, including some who worked on popular games like “The Last of Us Part 1 Remastered” and “The Last of Us Part 2 Remastered”. These aren’t just any employees; they’re experienced developers who are hard to replace [2][4].

Why Are These Changes Happening?

The gaming industry is going through some big changes, and there are a few reasons why:

    • Technology is Changing Fast: New technologies are making some jobs more efficient, and sometimes that means fewer people are needed [1].
    • Competition is Tough: The gaming market is very competitive. Companies need to innovate and save money, which can sometimes mean letting people go [4].
    • Companies are Shifting Focus: Some companies are focusing more on profitable areas, like games that keep players engaged over time, which need different skills [4].

What Do These Changes Mean?

The layoffs at PlayStation Visual Arts and other studios have big impacts:

    • Losing Experienced People: When experienced developers leave, it’s hard to replace their knowledge and skills [2].
    • Uncertainty in the Industry: All these changes can make people feel uncertain about their jobs and the industry’s future [4].
    • New Opportunities: While it’s challenging, these changes can also create new opportunities for people to learn new skills and find new jobs in areas like AI and game development [1].

Navigating Changes in the Gaming Industry

The layoffs at PlayStation Visual Arts are part of bigger changes in the gaming industry. As technology and markets change, companies need to adapt to stay competitive. While it’s tough for the people affected, the industry’s ability to innovate and change will decide its future success.

Sources: psu.com, gameranx.com, slashdot.org

MiCA: USDt Custody & Transfers Unrestricted

Crypto Rules in Europe: What’s Changing?

The European Union (EU) is making big changes in the world of cryptocurrency. Let’s talk about something called MiCA, which is like a set of rules for crypto in Europe. These rules are making some big companies change how they work.

What’s MiCA and Why’s It Important?

MiCA stands for Markets in Crypto-Assets. It’s a way for the EU to make sure crypto is safe and fair for everyone. It wants to stop bad things like cheating and protect our environment too. But some big crypto companies might have to change how they work because of these rules.

Who’s Allowed to Make ‘Stablecoins’?

Stablecoins are like special cryptocurrencies that try to be worth the same as something else, like a dollar. MiCA says only certain people can make these. Ten companies are allowed, but one big one, called Tether, isn’t on the list.

What’s Changing for Tether?

Because Tether isn’t on the list, a big crypto exchange called Binance is going to stop letting people in Europe use Tether. But don’t worry, you can still take it out of your Binance account if you have it. The EU says it’s okay to keep and move Tether, you just can’t trade it on Binance in Europe.

What’s Next for Tether?

Tether might have a hard time in Europe, but it’s looking for new places to work. It’s even thinking about things like energy and sports!

What Does This Mean for Crypto?

These new rules in Europe are making crypto companies change how they work. It’s like a new start for crypto, with more rules to keep it safe. We’ll have to wait and see how this changes the crypto world.

Remember, this is just a simple explanation. There’s lots more to learn about MiCA and crypto. If you want to know more, ask an adult or look it up online.

Sources:

Americans’ Reluctance to Report Crypto Scams: The ‘Victim-Blaming’ Deterrent

Crypto Scams: Why Blaming Victims Hurts Us All

In the fast-paced world of digital money, cryptocurrency has become a magnet for scams. Every year, people lose millions of dollars to these tricks. But there’s a big problem: many people don’t report these scams because they feel ashamed or blamed for falling for them. This is called “victim-blaming,” and it’s a big obstacle in fighting crypto scams.

What is Victim-Blaming?

Victim-blaming happens when people think the victim is responsible for what happened to them. In crypto scams, this could mean criticizing or doubting people who got tricked by clever scammers. This can make victims feel guilty, ashamed, and alone, making it even harder for them to report their experiences.

The Harm of Victim-Blaming

Victim-blaming can stop people from asking for help. They might be afraid of being judged or laughed at. It’s also hard to track digital money transactions, so it’s tough for authorities to find and get back the stolen money. Plus, scammers might feel braver knowing their victims are less likely to report them.

Crypto Scams: A Growing Problem

Crypto scams, like those happening at crypto ATMs, are becoming more common. These scams often target people who are less financially savvy or older adults. It’s hard to track these scams because cryptocurrencies aren’t controlled by any one person or organization.

Why We Need Kindness and Support

To fight crypto scams better, we need to stop blaming victims and start being kind and supportive. Anyone can fall for a clever scam, no matter how much they know about money. If we create a safe place where victims feel comfortable reporting fraud without fear of judgment, we can catch more scammers and prevent future scams.

Breaking the Silence

In conclusion, victim-blaming is a big reason why people don’t report crypto scams. If we stop blaming victims and start supporting them, we can help create a safer financial world where everyone feels protected. It’s time to break the silence and shame, and support those who fall for scams instead of blaming them.

Sources: