Category: Reviews

Crypto Lobbying Surges in 2023 amidst Push for Stablecoin Regulation

The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market.  In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the United States, Bloomberg reported. According to the report, lobbying on stablecoin legislation experienced a significant uptick this year, with 161 reports – a remarkable 79% increase compared to last year. The Rise of Stablecoins and Regulatory Urgency For clarity, Stablecoins…

Spartan Group Executives Highlight Exciting Updates Expected of Web3 Sector in 2024

In 2024, the Web3 industry is expected to become more robust, with increased Bitcoin involvement, mergers, acquisitions, and RWA tokens. Blockchain investment and advisory firm The Spartan Group has highlighted a few exciting things in the Web3 space that are expected in 2024. In a recent Medium publication, the company revealed predictions made by several stakeholders connected to the Spartan Group, each one offering their thoughts on blockchain and Web3 next year. According to Spartan Capital’s co-founder, partner, and CIO Kelvin Koh, 2024 will be an exciting year for AAA-quality Web3…

Bitcoin Price Can Retrace to $36,000 despite ETF Approval, Says QCP Capital

QCP Capital believes that the Bitcoin ETF approval could be a sell-the-news event thereby pushing the Bitcoin price under $40,000, before resuming the next uptrend. The Bitcoin (BTC) price has registered a strong rally gaining 15% so far in December and moving closer to $44,000, where it encounters strong resistance. At press time, Bitcoin is trading at $43,649 with a market cap of $854 billion. As the Bitcoin spot ETF launch approaches within the next three weeks, QCP Capital provides insights into the potential announcement timeline and market dynamics. The…

BlackRock Makes Push for Bitcoin ETF Approval Its Corporate Priority

A spot Bitcoin ETF approval would open doors for institutional and retail investors to access the world’s largest cryptocurrency with greater ease and at a lower cost compared to Bitcoin ETFs tied to the futures market. BlackRock Inc (NYSE: BLK), the world’s largest money manager with a whopping $9 trillion in assets under management, has made obtaining approval for its proposed Bitcoin (BTC) Exchange-Traded Fund (ETF) a strategic corporate priority. BlackRock Bitcoin ETF Push: Visibly Persistent Efforts According to a recent report, BlackRock’s CEO, Larry Fink, has been vocal about…

The Sandbox Targets to Make India Its Largest Market with Strategic Partnerships

The Sandbox metaverse platform is confident to add 3 to 4 million users in the next two years from India through the BharatBox platform. India, a fast-growing country that has adopted the digital industry to improve its economy, has attracted notable global Web 3.0 companies in the past few years. Despite the country’s regulators implementing punitive 30 percent tax rates on digital currencies profits, the Web 3.0 industry is preparing for the highly anticipated bull cycle to avoid running into bankruptcy. Moreover, the crypto bear market has taken several firms…

Bitcoin ETF to Push BTC Price Above $50,000, Says Matrixport Research

Many Bitcoin fans have ambitious predictions for 2024 and if the token is about to hit $50,000 in the first month of the year as Matrixport says, higher milestones might be in view. A Bitcoin ETF has been one of the most coveted milestones in the crypto industry for years. Some of the biggest companies in the space have applied for the ETF and all have been rejected thus far. But BlackRock seems to be in the final stages of its application and seems like a shoo-in for approval. This has…

Polkastarter Announced Initial Dex Offering with Overlay Protocol and $OV Tokens

The Overlay Protocol has the ability to create instant liquid markets without relying on traditional liquidity providers (LPs) or third-party market makers. In a major development, the popular decentralized fundraising platform Polkastarter announced the launch of the Initial DEX Offering – Overlay Protocol. Overlay Protocol has emerged as a decentralized perpetual futures protocol revolutionizing the trading landscape. Facilitated by its native token $OV, Overlay Protocol enables users to engage in long and short positions on diverse data streams. Thus, it eliminates the need for counterparties and effectively addresses liquidity challenges.…

Warner Bros Discovery and Paramount Global Reportedly in Early Merger Talks, WBD and PARA Shares Down

The media shake-up has intensified amid changing advertising trends fueled by the rise of X platform backed by tech billionaire Elon Musk. Warner Bros Discovery Inc (NASDAQ: WBD) and its media rival company Paramount Global (NASDAQ: PARA) are reportedly in early merger talks, according to people familiar with the matter. The two media houses intend to come together and strengthen their economic outlook amid the changing market landscape. Reportedly, Warner Bros Discovery CEO David Zaslav and Paramount CEO Bob Bakish met on Tuesday to discuss the details of a possible…

Finance Expert Says Explains Why XRP Is A Scam

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…

Elastos Floats Bitcoin Layer 2 Offering to Maximize BTC Staking Demand

Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service. Blockchain network Elastos may have devised a strategy to take advantage of the current high demand for Bitcoin (BTC) staking on its platform. This follows after it launched BeL2, a Bitcoin layer-2 network, in a supposed effort to retain the billions of dollars in BTC volumes that currently flow from the staking tools it offers. According to Elastos developers, BeL2 is an upgrade to the base Bitcoin blockchain. And that is especially true…