NFT News by Thebittimes.Com

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000. Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcem...

Trader Joe’s supermarket has initiated legal action against a similarly named decentralized cryptocurrency exchange, alleging trademark infringement and brand dilution. U.S. grocery retailer Trader Joe’s has initiated a lawsuit in a California court against a crypto currency trading platform that goes by an almost identical name. The legal action targets both the platform, named “Trader Joe,” and its co-founder Cheng Chieh Liu. The supermarket’s legal team contends that the naming of the decentralized cryptocurrency exchange aims deliberately to blur the lines between the two entities. Trader Joe’s lawyers argue that the platform has crafted a fictitious backstory around a character they call “Trader Joe,” which they say is clearly designed to invoke the grocery chain’s well-established brand. The lawyers have also raised concerns over the crypto platform’s emblem—a figure wearing a red cap. This hue doesn’t just res...

Ava Labs has partnered with BLDR to launch its first Web3 game. Notably, the former is the software company providing support to the Avalanche blockchain and its ecosystem. The latter, on the other hand, is a subsidiary of Japanese gaming house and internet media company GREE. On its part, GREE has been making high-engagement Web2 games, that include the development of a host of popular games, including Naruto and multiple mobile versions of Final Fantasy. Avalanche ’s developer Ava Labs will, notably, help “spur” BLRD’s growth into blockchain gaming . It’ll do so by “ providing technical , marketing, business, and ecosystem support .” The official statement noted that with the latest partnership, “ BLRD plans to make a broad entry into Web3 gaming, including game development and distribution on Avalanche, NFTs, running validators, and investing in third-party games. “ The new Web3 game is set to launch next year. Comment...