Day: December 8, 2023

VanEck Releases List of 15 Predictions for Crypto Industry in 2024

One of the 2024 predictions is the emergence of at least one breakout blockchain game that will surpass a million daily active users as Web3 gaming continues to vie for mainstream adoption. Asset manager VanEck has made 15 forecasts for the crypto industry in 2024. In what it terms a “speculative expedition”, the New York-based firm touches many corners of the cryptoverse with mentions of the highly anticipated Spot Bitcoin ETFs, peak NFT season, and KYC regulations in DeFi. A Relatively Smooth 4th Bitcoin Halving and a New BTC ATH…

Reebok Launches Accountable Ant Sneakers Collection with VeeFriends

Following the announcement of the sneakers collection, VeeFriends unveiled a special early access program for its token holders. In what is fast becoming an ongoing collaboration, Reebok has partnered with VeeFriends again to launch an exclusive collection of sneakers dubbed Accountable Ant Classic Nylons. Earlier in August, the duo partnered to launch the VeeFriends Aspiring Alpaca sneaker, which sold for $90 apiece. The new launch is likely an attempt to build on the momentum generated by the previous collaboration. Gary Vaynerchuk, CEO of VeeFriends, expressed his enthusiasm for the ongoing…

Amazon Removes PayPal-backed Venmo as Payment Option, PYPL Stock Drops Nearly 2%

While Amazon did not provide the actual reason for not supporting Venmo as a payment option, the notable rise of web3 payment platforms could be a major factor. In October last year, Amazon.com Inc (NASDAQ: AMZN) announced that it would begin to offer Venmo, a product of PayPal Holdings Inc (NASDAQ: PYPL), as a new payment option to boost its orders on the mobile app and Amazon.com site during the festival season. Initially, Amazon announced only its US-based customers would shop with the Venmo payment option. A year later, Amazon…

El Salvador Launches $1M Freedom Visa Program, Seeking BTC and USDT Investors

Critics argue that the substantial $1 million requirement makes citizenship unattainable for many investors. Comparable citizenship-by-investment programs in the Caribbean start at around $100,000. The government of El Salvador has introduced an innovative yet controversial program that offers residency and a pathway to full citizenship in exchange for a substantial investment in cryptocurrency. Tagged El Salvador’s “Freedom Visa”, the program requires participants to invest $1 million in either Bitcoin (BTC) or Tether (USDT). This program has been promoted by the administration of President Nayib Bukele as a way to encourage…

Armenian cultural heritage sites get tokenized on Solana blockchain

The project “Realm of Historia” recently announced its intentions to make strides in preserving Armenian cultural heritage through leveraging the use of blockchain technology and nonfungible tokens (NFTs). In a departure from conventional methods, this initiative seeks to digitize historical artifacts and physical historical sites, starting with the “Realm of Historia: Carahunge X” digital asset collection. Cointelegraph spoke with the two creators of Realm of Historia, Ivan Grantovsky and Ivan Krylov, about how emerging technologies can preserve culture and connect new generations with history. Source: Realm of Historia At the…

Buy Or Sell Now? Analyst Predicts Trend

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Amidst a week of significant volatility in the cryptocurrency sphere, the Bitcoin price has been a focal point, especially following a dip below $43,200 today. After climbing to $44,533 on Tuesday, the price has since entered an ascending channel, touching a local low of $42,835 on Thursday. This trend has sparked a critical debate: is this a sign of an impending major correction following Bitcoin’s 65% rise in the past seven weeks, or is it a temporary bear trap in a continuing bullish market? Adam Cochran, partner at CEHV, has…

Bitcoin (BTC) Halving Is Poised to Unleash Darwinism on Crypto Miners

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Historically, the event has increased bitcoin prices exponentially, creating generational wealth for investors – but a presenting challenge for the miners that actually create BTC. During the third halving, which occurred in 2020, bitcoin’s price went from around $8,500 to nearly $18,000 within a few months, while the reward for successfully mining a block was cut to 6.25 BTC from 12.5 BTC. Original

LayerZero to Airdrop 12M $ZRO Tokens in First Half of 2024

LayerZero announced the distribution of the $ZRO token via airdrop will be based on wallet activity as of the time of the snapshot. LayerZero Labs, an omnichain interoperability protocol supporting dozens of blockchains, has announced plans to airdrop its highly anticipated governance token dubbed $ZRO. The LayerZero community has been discussing a potential token for the past months and the team has announced airdrop will be completed during the first half of next year. Moreover, the LayerZero network has grown into a mature ecosystem with dozens of web3 projects from…

Fidelity spot Bitcoin ETF listed on DTCC

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Fidelity’s Wise Origin spot Bitcoin ETF is listed on the Depository Trust & Clearing Corporation (DTCC) under the ticker symbol FBTC. The spot Bitcoin ETF was listed by DTCC, which is engaged in clearing transactions. Source: DNCC It provides post-trade clearance, settlement, custody, and information services for stocks, exchange-traded funds, and other products, according to NASDAQ. Bloomberg Intelligence analyst Eric Balchunas said on X (formerly Twitter) that almost all tickers have already been set. Fidelity has revealed their ticker, $FBTC, another boring-on-purpose choice aimed at the Boomerati. Almost all the tickers…