Category: Reviews

Ark Invest Continues to Trim Holdings in Coinbase (COIN) and GBTC

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.  Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). According to the company’s recent trade filing, Ark Invest sold additional tranches of Coinbase shares, offloading a total of 149,780 COIN ($24.2 million) from two of its funds as the stock reached…

Three Arrows Capital Founders See $1 Billion Asset Freeze

A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year. One of the most notable events in the crypto industry last year was the collapse of the Terra ecosystem. After Terra failed, many companies connected or exposed to it suffered losses as well. One of these was Three Arrows Capital which filed for bankruptcy in July 2022.  Now, about $1 billion in assets belonging to Three Arrows Capital’s…

Bitcoin Price Eyes $44K Mark as Crypto Market Cap Is Close to $1.7T

The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that saw the S&P 500 index closing 1.42% lower on the day. This drop, albeit unsurprisingly, was enough to impact riskier assets like Bitcoin and the rest. And as a result, the broader market immediately went…

Oasys Teams Up with Datachain and TOKI to Transform Web3 Gaming Interoperability

This partnership with Datachain and TOKI marks the latest in a series of high-profile collaborations for Oasys, demonstrating its commitment to expanding its ecosystem and progressing through its roadmap. Oasys, a leading gaming-focused blockchain, has forged strategic partnerships with Datachain and TOKI to enhance the interoperability of Web3 games built. This collaboration with Oasys demonstrates the industry’s commitment to pushing the boundaries of Web3 gaming despite difficult conditions in the broader crypto market over the last 18 months. Oasys’ Commitment to Unique Blockchain Experiences Daiki Moriyama, Director of Oasys, emphasizes…

Redditors Redflag Deepfake Video Featuring Ripple CEO Brad Garlinghouse

A Reddit user has reported that Google is unwilling to take down a video advertisement that appears to be an attempted scam targeting cryptocurrency users. Reddit users have recently uncovered a deepfake video featuring Ripple CEO Brad Garlinghouse, urging XRP holders to transfer their tokens to a specific address with the promise of receiving double the amount – a notorious tactic employed by scammers. A Reddit user reported the fraudulent video in a Reddit thread, thus encountering the deceptive advertisement on YouTube between Nov. 25 and Dec. 3. Additional users…

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…