Category: Reviews

Injective (INJ) Price Reaches Another All-Time High after Nearly 3000% Increase in 2023

One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours. The price of crypto asset Injective (INJ) has seen an impressive explosion in 2023, surging almost 3000% in the process. The rapid price rise has also brought the asset to new all-time highs ATH as it continues to trade in greens. Recall that the asset recently reached a $34.64 ATH on December 15 before retracing its steps. Injective (INJ) Price History…

Bitcoin Price Reacts Positively with 5% Increase as BlackRock Nears ETF Deal

BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news. Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the crypto market as a whole, everyone seems convinced that BlackRock will make history with the ETF by next year. The company has scored another coup in this endeavor by agreeing to some requirements set out…

SocialFi Platform RepubliK Partners TON to Simplify Web 3.0 for Social Media Users

The value proposition of RepubliK goes beyond mere token transfer as users can experience a full-blown social media content-sharing ecosystem that rivals what is on offer on Instagram and TikTok among others. SocialFi startup RepubliK has entered into a strategic partnership with The Open Network (TON) in a bold attempt to bring the dissimilar worlds of Web 2.0 and Web 3.0 together. As contained in a Press Release shared with Coinspeaker, the collaboration will kick off fully in the secondary quarter of 2024 with the ultimate focus on user experience.…

US SEC Delays Decision on Multiple Ethereum ETFs, What’s Next?

In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF shall hold both spot Ether and futures contracts. Similarly, Grayscale’s Ethereum Futures ETF is a strategic…

ESG-focused 7RCC Joins Race for Bitcoin ETF Approval

7RCC’s crypto ETF differs from those of other similar products. 80% of it will consist of Bitcoin, while the rest will hold carbon credits futures Crypto asset management firm 7RCC might be the latest in a long list of firms seeking a spot Bitcoin exchange-traded fund (ETF) approval. This follows after the ESG-focused firm recently applied with the Securities and Exchange Commission (SEC). According to the filing, 7RCC is hoping to get the nod for its spot bitcoin and carbon credits futures ETF. 7RCC was founded in 2021 with a…

Binance Settles Landmark $2.7B Case with CFTC

The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls. The US Commodity Futures Trading Commission (CFTC) made a significant announcement, confirming that the US District Court for the Northern District of Illinois has approved the previously disclosed settlement for the Binance exchange and its executive. The court has finally entered a consent order outlining civil monetary penalties and equitable relief against the trading platform and its ex-CEO, Changpeng ‘CZ’ Zhao. The court findings…

What’s Helium Mobile And Why Is It Exploding To Over 800%?

Smaller cryptocurrencies are drawing greater attention from investors while larger well-known ones are taking a break following significant increases. One of the lesser-known altcoins is making some big noise: Helium Mobile (MOBILE) has surged by about 1,000% in the past seven days. Leading the way in the cryptocurrency market’s dynamic trend toward smaller-cap cryptocurrencies is Helium Mobile, whose price has surged by 32% to $0.0072 in the previous day. The altcoin’s trading volume has increased by almost 200% to $20 million, reflecting its recent spike. The market valuation of the…

BlackRock Adapts Bitcoin ETF Proposal to SEC’s Preferences as Approval Nears

Many of the required revisions and adjustments are being carried out urgently by most companies, fueled by rumors that there may be a possible approval in January. BlackRock is making a strategic move in its plans for a bitcoin exchange-traded fund (ETF) by revising its approach to overcome regulatory obstacles. The asset management giant has updated its filing to feature cash redemptions instead of the previous in-kind model, where shares were converted directly to bitcoin. This change aligns with the preferences of the Securities and Exchange Commission (SEC), which has…

Revolut Halts UK Crypto Services Ahead of FCA Ads Rule Changes

With the new law set to take effect next year, Revolut has temporarily paused its crypto services to ensure compliance with these new requirements. Revolut, a prominent financial technology company providing online banking services, has temporarily suspended crypto services for customers in the United Kingdom. Starting January 3, 2024, digital asset traders in the region will no longer have access to Revolut’s business platform.  However, it’s worth noting that an email notifying customers of this decision specifically addressed purchasing, leaving room for customers to continue selling and storing their crypto…

Coinbase, a16z, Ripple and Others Invest $78M in Pro-crypto PAC Ahead of US Elections 2024

With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries. The crypto market has faced immense regulatory scrutiny from the current US government led by President Joe Biden. The lack of a clear crypto regulatory framework has left significant room for the United States Securities and Exchange Commission (SEC) and other federal agencies to crack down on web3 companies with decades-old policies. However, the mass adoption of crypto assets and web3 protocols in the United States…