Day: December 8, 2023

ChatGPT backs Rebel Satoshi over Litecoin and Polygon

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi sold 25 million RBLZ in three weeks Litecoin added 4.2% after Mecum Auctions news.  Polygon improved despite the recent DraftKings scandal.  Rebel Satoshi, a new meme coin, is gaining traction following the completion of its initial presale phase. Meanwhile, Litecoin (LTC) and Polygon (MATIC) are on an uptrend. Even so, ChatGPT predicts Rebel Satoshi will outperform Litecoin and Polygon. Rebel Satoshi sells 25 million RBLZ Rebel Satoshi aims…

Litecoin Wallets Draining Fast – What’s Next For LTC Prices?

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Litecoin (LTC) suffered a major fall after a week of consistent growth, posing possible difficulties going forward. According to recent data, a significant proportion of wallets have sold their Bitcoin holdings. As of this writing, LTC is trading at $74.60, down 1.1% from its peak price over the previous day. This decline has also had an effect on LTC’s market capitalization. With Litecoin’s market value falling by 55% compared to Bitcoin in just five months, the price chart for LTC presents a bleak image. This sharp decline in value is…

Kazakhstan blocked 980 non-licensed crypto exchanges in 2023

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This year, Kazakhstan’s Financial Monitoring Agency (AFM) blocked access to almost a thousand crypto exchanges that were serving the country’s citizens without proper registration.  According to the press release from Dec. 7, published on the government’s website, the AFM denied access to 980 illegal platforms in 2023. It also launched nine investigations into “illegal exchange operations” and money laundering. This information was revealed by the chairman of the AFM, Ruslan Ostroumov, during the meeting of the Eurasian Group on Combating Money Laundering in China. Related: Kazakhstan officially launches digital tenge…

GameStop CEO Buying New Stocks from Company’s Cash Balance, GME Stock Up 10%

GameStop gives CEO complete control to buy stocks from the company’s cash books, however, analysts have given a major red flag on this. Gaming retailer GameStop Corp (NYSE: GME) is taking a shift in its approach while allowing its CEO and chair Ryan Cohen to gain even more control in these struggling times. This includes the ability to use the company’s cash to buy new stocks. In its quarterly report unveiled on Wednesday evening, GameStop disclosed two modifications to its corporate investment strategy. First is that it allows the use…

Polygon CDK to power Web3 loyalty program for Indian e-commerce Flipkart

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India’s homegrown e-commerce giant Flipkart will use Polygon’s chain development kit (CDK) to launch a Web3 loyalty program.  On Dec. 2, Polygon and Flipkart announced a strategic partnership to effectively position the e-commerce platform into Web3 and the metaverse. This included initiatives such as Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops NFT marketplace. Building on this partnership, Polygon co-founder Sandeep Nailwal announced on Dec. 7 that Flipkart will use Polygon CDK to scale its FireDrops Web3 loyalty program. Main announcement for today@Flipkart, the largest ecommerce and…

Jack Dorsey’s Block Launches Self-Custody Bitcoin Wallet Bitkey in 95 Countries

The wallet was developed by Block’s Proto Team and is in line with the fintech’s vision of increased access and global financial independence.   Jack Dorsey’s Block Inc has rolled out a self-custody Bitcoin wallet available for pre-order in over 95 countries. The Bitkey wallet is made up of a mobile application, a hexagon-shaped hardware device and a set of recovery tools that can be used to recover a customer’s assets in case they lose their phone or hardware device. The $150 wallet will begin shipping in early 2024. It sets…

Solana-Based DeFi Protocol Jito Airdrops $225M Free Tokens to Users 

With the airdrop distribution now complete, Jito states that all claimable tokens will be available for 18 months starting on the token generation date. Jito, a decentralized finance (DeFi) liquid staking protocol based on the Solana (SOL) ecosystem, started the distribution of its long-awaited airdrop on Thursday, sharing a total of over 90 million of its native token to early birds who helped in bootstrapping the network. According to reports, the digital asset JTO, which also serves as the governance token within the protocol, was listed on many Solana-based exchanges…

Developers of Bitcoin sidechain MVC prepare for BRC-20 DEX launch

Developers of Bitcoin side-chain MicroVisionChain (MVC) have unveiled a BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024. In an interview with Cointelegraph, MVC chief operating officer Jason Kwok claims to have developed a “1:1 mapping relationship” with Bitcoin on its sidechain. “This essentially creates a parallel version of your Bitcoin assets, such as BRC-20, on MVC,” said Kwok, explaining that the bridge allows users to swap BRC-20 token assets on the MVC sidechain, thus bypassing the high transaction and gas fees required to deploy decentralized applications…

Experts explain why two ETF industry giants are sitting out Bitcoin-ETF race

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Despite all the hype surrounding spot a Bitcoin (BTC) exchange traded fund (ETF), two of the biggest issuers in the industry are brushing off the buildup. As journalists from Bloomberg note, two of the industry’s three largest ETF companies are deliberately sitting out on the bid to introduce BTC to the market. The two entities — Vanguard and State Street — are poised to miss out on the frothing speculation posed by the asset’s institutional introduction. Officials from Vanguard said that the company does not intend to offer a spot…

Can cryptocurrencies be frozen on a blockchain?

Frozen funds in crypto, explained Frozen funds typically mean access to such funds has been restricted or temporarily halted. Several factors, such as technological errors, security precautions, disagreements, investigations and regulatory compliance, can lead to such circumstances. So, can a crypto exchange freeze your account? If exchanges or financial institutions suspect fraudulent activity or money laundering related to the account, they may freeze funds. Furthermore, freezing may occur as a preventive measure in reaction to possible security lapses or unwanted access attempts. Funds may also be frozen during disagreements or…