Day: December 4, 2023

What Is Web3 Gaming? Top Web3 Games And Crypto Companies

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Web3 gaming represents a revolutionary intersection of blockchain technology and interactive entertainment, heralding a new era in the gaming industry. This article serves as your comprehensive guide to understanding the intricacies of Web3 gaming, providing insights into the top web3 games and web3 gaming companies that are leading this digital transformation. Whether you’re a seasoned gamer curious about the transition from traditional to Web3 gaming, or a crypto enthusiast eager to understand the synergy between gaming and blockchain, this guide has you covered. We’ll introduce you to the best web3…

Valour plans 20 new crypto ETPs in 2024 amid market growth

Valour Inc., a major subsidiary of DeFi Technologies, is introducing up to 20 new cryptocurrency Exchange Traded Products (ETPs) in 2024. The ambitious expansion plan aligns with the growing global demand for crypto and blockchain ETPs from both retail and institutional investors. Valour’s decision to expand into the ETP segment is influenced by the recent surge of its market share on Swedish exchanges, soaring to an impressive 42.71% as of November 2023, up from 28% at the end of October.  Valour has also experienced a notable increase in Assets Under…

LUNC Stuns With 300% Gains, Can It Reach Its Previous ATH Market Cap?

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The Terra Classic (LUNC) price has been on a tear recently and over the last month, it has managed to outperform almost every cryptocurrency in the market. Its price has risen over 300% in a 30-day period, and this has brought its market cap back over $1.5 billion once more. As the coin continues to outperform, the possibilities of it returning to its previous all-time high market cap become greater. LUNC Price Breaks One-Year High Following the Terra collapse in 2022, the LUNC (then known as LUNA) price crashed completely,…

Why Bitcoin (BTC) Price Rallied to $42K?

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“Despite the run, bitcoin remains very constructive,” Thorn said with overhangs reducing (bad actors exiting, bankruptcies resolving), catalysts on the horizon (spot ETFs, halving), holders remaining firm, a constructive macro environment, and institutional engagement still mostly on the sidelines.” Original

Boomers Interested In Bitcoin, Market Won’t Allow BlackRock To Buy BTC Below $60k

As institutional interest in Bitcoin grows, Fidelity and BlackRock’s proposed spot Bitcoin Exchange-Traded Fund (ETF) faces an unexpected hurdle: the crypto market’s unwillingness to let go of the coin at bargain prices.  Bitcoin To $60,000 In Progress? According to Mike Alfred, who claims to be a value investor and a board director, the market will “unlikely” allow BlackRock to purchase BTC below $60,000. Taking to X on December 4, Alfred said BlackRock and other Wall Street players keen on issuing spot Bitcoin ETFs would have to “buy for Boomer’s 401k…

Core Scientific explains its latest bankruptcy plan ahead of court date

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Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is based on the third amended joint Chapter 11 plan filed on Nov. 16 and includes an audio commentary by CEO Adam Sullivan. Common shareholders and holders of two series of convertible notes are being planned for separately. Common shareholders will receive new shares exchanged at a ratio of 25:1, to provide them with $1.08 per pre-exchange share. Planned Core Scientific indicators through 2027. Source: Core Scientific Noteholders…

IRS team reports rise in crypto tax investigations

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The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting. In its annual report released on Dec. 4, the IRS investigative arm said it had initiated more than 2,676 cases in which it had identified more than $37 billion related to tax and financial crimes in the 2023 fiscal year. According to the team, it had observed an increased use of digital assets, resulting in a rise of related tax investigations. “These investigations consist of unreported…

Bitcoin, Cardano, Ethereum show bull market setup: analyst

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The crypto analyst who runs the YouTube channel Crypto Capital Venture says he remains extremely bullish on Bitcoin and the wider crypto market, but cautioned viewers not to get overly excited amid the latest price surge. “I’m bullish. I’m so bullish,” the analyst, who goes by the name Crypto Capital Venture, stated in a live YouTube video on Sunday. If you’ve been watching my YouTube channel, you know, this is, if we go to the Bitcoin chart zoomed out, you know that on the weekly, on Bitcoin chart, come maybe…

Solana TVL Balloons To Over $690 Million

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A transformative wave is sweeping through the decentralized finance (DeFi) arena, as novel blockchain platforms disrupt the status quo. Standing tall among these challengers is Solana, celebrated for its exceptional throughput and scalability. In a recent turn of events, Solana’s DeFi ecosystem has etched a momentous milestone, thrusting itself into the dynamic DeFi landscape. The surge in Total Value Locked (TVL) to an impressive $655 million signals a watershed moment, underpinned by the escalating interest and unwavering confidence in Solana’s prowess within the DeFi sector. Solana TVL Skyrockets: A Decisive…

Mantle Launches Liquid Staking Protocol, Aiming for Top 3 in Decentralized Staking

Mantle, Ethereum’s Layer 2 platform, launched Mantle LSP, a liquid staking protocol. It positions itself among top providers, competing fiercely for the third spot in liquid staking volume, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s Layer 2 platform Mantle announced the launch of Mantle LSP “a permissionless, non-custodial ETH liquid staking protocol”. This marks the second key product from the Mantle ecosystem following the main Mantle network released in July 2022. Mantle LSP allows platform users to stake ETH in exchange for $mETH tokens. According to the company,…