Category: Reviews

Solana Cancels Some Orders for Saga Phones Due to Inventory Management Issue

Following a spike in demand, Solana has canceled some orders of Saga mobile phones due to shortages. Demand rose due to the free 30 million BONK tokens that come with the phone. Solana Labs might have already had a win on its hands with its blockchain and native token which have become some of the biggest in the industry. But the company decided last year to enter the mobile phone business by releasing the Solana Saga, an Android phone that came with Solana apps pre-installed and many other features that…

Polkadot Set to Integrate with Pokémon Go and Call of Duty Mobile Engine

Polkadot, the blockchain interoperability platform, is entering the world of gaming through a strategic collaboration with Parity Technologies and Unity Games. This partnership facilitates Polkadot’s integration with the game engine that powers popular titles such as Pokémon Go and Call of Duty Mobile. Unity Games, a leading software development kit (SDK) provider for game developers, commands a substantial 60% share of the mobile gaming market. The collaboration involves Polkadot joining Unity’s verified solutions (VS) program, a pathway within Unity for decentralized networks like Polkadot to earn a coveted spot in…

Marathon Digital (MARA) Stock Surges Over 628% YTD amid Significant Drop from ATH

Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price shows a major decline from its all-time high of $166.40, it also indicates an appreciable gain over the last 12 months. The rise of MARA, however, has been linked to two separate events that have…

Revolut Posts Delayed 2022 Financial Report, Reveals Revenue of $1.2B

Revolut anticipates that its revenue for 2023 will continue its growth trajectory. British online banking company Revolut has finally published its delayed 2022 annual financial earnings report on Friday, December 22. The company reported a significant 45% increase in revenue for the year, reaching £922.5 million worth appropriately $1.2 billion. The pre-tax loss, in turn, dropped to £25.4 million ($32.2 million), a notable shift from the restated profit of £39.8 million in 2021. Revolut’s 2022 Financials The 2022 earnings results came after the firm received approval in September from the…

Bitcoin for Contracts Now Legal in Argentina

Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice. Ahead of Christmas, the crypto sector in Argentina has gotten a major win as contracts denominated in Bitcoin have now been legally recognized. This news comes via  Argentina’s Minister of Foreign Affairs, Diana Mondino. This also comes as Argenitna’s national currency the Argentine peso has seen a dip in its value. Bitcoin Contracts Come to Argentina With the new law, parties in Argentina can create contracts…

BlackRock Bitcoin ETF Potential Approval Faces Questions, SEC Could Make Decision by January 10

In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian.  BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final touches to its plan for a Bitcoin exchange-traded fund (ETF). As part of the process, the company intends to use a third-party broker, which it regards as a “Prime Execution Agent” to handle BTC purchases…

Coinbase (COIN) Stock Could Indicate Index Play for TradFi Institutions Looking for Crypto Exposure

The analyst said TradFi institutions trying to get into crypto, but are unsure how to begin, may use Coinbase stock to enter. According to the co-founder of research firm Reflexivity Research Will Clemente, shares of major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) could serve as an indicator for the crypto sector. Clemente says Coinbase shares could be an “index play” for traditional finance (TradFi) firms looking for a way into the industry. Clemente offered his opinion while speaking on an X (formerly Twitter) Space hosted by Bitcoin bull and…

El Salvador Attracts Foreign Bitcoin Investors with Citizenship Offer

The legislative overhaul attracts the philanthropic foreigners keen on contributing to the economic, social, and cultural development of El Salvador through Bitcoin donations. In a recent development, the Legislative Assembly of El Salvador has reportedly approved a migration law that facilitates expedited citizenship for foreigners contributing Bitcoin (BTC) donations to government social and economic development programs. The reform, endorsed by Nayib Bukele’s New Ideas party, passed through the country’s legislature on December 21, as reported by Reuters. The new law is also anticipated to take effect in the coming days.…

Elon Musk’s X to Roll Out Payment Services by Mid-2024

With X now obtaining payment licenses across a dozen states in the United States, Musk said the app is ready to start its payment services come 2024 at an undisclosed date.  Billionaire tech entrepreneur Elon Musk, CEO of Tesla and SpaceX, recently disclosed that his social media platform, X, will launch its in-app payment services by mid-next year. Musk shared the news during a space conversation with Cathie Wood, CEO of ARK Invest, on December 21. The discussion covered various topics, including artificial intelligence (AI) and Bitcoin (BTC). Looking forward…

Solana Price Rallies to $100 Unseating BNB Coin for Fourth Spot

During the recent rapid surge in Solana’s value, significant players appear to have been offloading their holdings. The mega rally in Solana continues as the SOL price rallies another 18% moving closer to $100 earlier today. With this, the Solana price gains on the monthly chart have extended beyond 75% thereby unseating Binance’s native BNB Coin for the fourth spot. Earlier today, the Solana market cap reached a high of $41.9 billion, while surpassing that of BNB. Just one day prior, on December 21, Solana exceeded XRP in market capitalization,…