December 20, 2023

Finance Expert Says Explains Why XRP Is A Scam

December 20, 2023

A finance expert and Bitcoin maximalist has taken a major dig at XRP as he labeled the crypto token a “scam.” The expert outlined several reasons why he holds this opinion, although he seemed misguided in some. Why XRP Is A “Scam” In a post shared on his X (formerly Twitter) platform, finance expert Rajat Soni mentioned XRP not being decentralized as one of the reasons he believes the crypto token is a scam. He seemed to suggest that Ripple Labs solely controlled the XRP Ledger as he noted that…

The Rise of Chain Abstraction and End of Blockchain Factionalism

December 20, 2023

The other major key to smoothing out user experience is account aggregation, or removing the need to manage accounts for every L1 and L2, which are increasingly becoming silos for apps and communities. NEAR, for instance, is working on multichain, non-custodial accounts that will enable cross-chain transactions. Source CryptoX Portal

SBF Request to Delay Sentencing Is Rejected by Judge Kaplan

December 20, 2023

“We submit that Mr. Bankman-Fried should not begin the sentencing process on the counts of conviction, including the presentence interview, until the severed counts are resolved,” the letter said. “Doing so could potentially result in a separate PSR and a separate sentencing hearing on conduct that was already part of the Government’s proof at trial.” Source

UK Crypto Hub Plans Takes Next Step as Government Discusses Digital Securities Sandbox

December 20, 2023

“The government will work with the regulators and industry to identify any further legislative provisions that need to be brought into scope, and if necessary can facilitate this via further statutory instruments amending the DSS,” the consultation response said. Source

Bitcoin surges to $44,000, fuels $100m call option trades

December 20, 2023 boss

According to a Dec. 20 post from Greeks.live, a trading tools solution provider to crypto options traders, bullish sentiment is evident in the Bitcoin market. The report states that while the market has been relatively quiet today, Bitcoin (BTC) has seen upward movements in all major terms, implying volatility (IV). Also stated in the post on X, Ethereum (ETH) has experienced a shift in trend, marked by a block trade involving the purchase of over $100 million worth of puts earlier in the day. Even amid the recent rally, the…

TaxWraps: Unwrap the Financial Gift of Tokenization this Christmas

December 20, 2023

As tokenization takes hold, we propose a way to defer tax liabilities, bringing the tax efficiencies of ETFs to a wide market. Source

2024’s Outlook for Blockchain, DeFi, and Web3 Adoption

December 20, 2023

The first two scenarios appear more likely, supported by macro tailwinds, mainstream adoption and technology advancements. Moreover, long-term BTC holders continue to accumulate, and stablecoin supply has rebounded, indicating potential external capital to flow into crypto. Source

Blockchain Tech Predictions for 2024, From Experts at Ripple, Coinbase, a16z, Starknet

December 20, 2023

We assembled 10 new year’s predictions for blockchain tech trends and developments, from the experts. They might be right. Source

Meme Coin Mania Spurs Growth in SOL, Which Overtakes XRP to Become Fifth-Largest Crypto

December 20, 2023

But much of the recent focus has been on Solana itself. The blockchain appears to improved network stability following a series of outages last year. It has also distanced itself from FTX following the collapse of the exchange, which purchased $1 billion worth of Solana-based tokens before it filed for bankruptcy. Source

Ethereum Retests Breakout Zone, Analyst Sets $3,500 Target

December 20, 2023 boss

An analyst has explained how Ethereum is retesting a breakout zone currently and that this might lead toward a price target of $3,500. Ethereum Is Retesting The Breakout Line Of An Ascending Triangle As pointed out by analyst Ali in a new post on X, Ethereum may be preparing for a further climb right now as it’s retesting the breakout zone of an ascending triangle. An “ascending triangle” is a pattern in technical analysis that, as its name implies, resembles a triangle. The pattern involves a horizontal line made by…