Category: Reviews

Ripple Releases White Paper Reaffirming Its Belief in CBDCs

Ripple is currently working with over 20 central banks from around the world, helping them to develop digital versions of their national currency. Blockchain-based payment solutions provider Ripple has reaffirmed its support for central bank digital currencies (CBDC). In a 23-page white paper released on December 14, the firm explains the basics of CBDCs, their potential benefits, risks, and barriers to mainstream adoption. It also stresses the need for governments and private sector players to collaborate in addressing challenges. Citing a report by global management consulting firm McKinsey, Ripple presents…

Solana Phone Sales Soar amidst BONK Frenzy

In response to the overwhelming demand, Solana Mobile announced that the phone will be restricted to one device per household to ensure broader community participation in the Saga experience. The frenzy surrounding Solana‘s crypto phone has reached a fever pitch after struggling to catch investors’ attention since its debut on May 8, 2023. The move comes as memecoin enthusiasts scramble to capitalize on the meteoric rise of a fast-rising memecoin, Bonk (BONK), which has surged an astonishing 1,100% in the past month surpassing the market cap of its major memecoin…

Brazil Enforces 15% Taxation on Overseas Crypto Holdings, President Approves

Strating January 1, 2024, Brazil will introduce a flat 15% tax on crypto profits and up to 6,000 Brazilian reais ($1,200), will be exempt from taxation.  In a significant move, President Luis Inácio Lula da Silva of Brazil has signed into law a measure that imposes taxes on crypto assets held abroad by Brazilian citizens. The law, signed on December 12, was officially published in the Diário Oficial da União (Official Diary of the Union) on the following day. The taxation law shall come into enforcement starting January 1, 2024.…

SafeMoon Files for Liquidation Bankruptcy as Execs Face DoJ Charges

The filing comes just weeks after it was reported that Moonpay executives were at the centre of a Department of Justice (DoJ) securities fraud investigation. Crypto firm SafeMoon on Thursday, December 14,  filed for Chapter 7 bankruptcy, also known as liquidation bankruptcy. The filing was done by attorney Mark Rose in the United States Bankruptcy Court for the District of Utah. This comes as the company’s executives face criminal charges in the United States for allegedly defrauding customers of millions of dollars. The court filing shows that MoonPay has between…

Solana Developers Get More than $600K as BONK Soars in Price

The 25 billion BONK tokens airdropped to Solana developers last year are now worth over $600,000 after the meme token has rallied in the last few months. During the holidays, it is common for companies to give their employees bonuses, usually in cash or kind. But last year, Solana developers got a potentially life-changing bonus when they were airdropped 25 billion BONK tokens each. Now, a year later, these developers could find themselves making quite a profit after the value of BONK has skyrocketed. BONK to the Moon BONK is…

Cyber.Fund Commits $100M to Blockchain Projects Merging AI and IoT

With a history of backing successful ventures like Cosmos, Solana, and Polkadot, Cyber.Fund aims to foster the development of what it terms the “cybernetic economy”, where blockchain forms the foundation. Cyber.Fund, an investment firm renowned for its early support of Ethereum, has recently unveiled an impressive commitment of $100 million towards blockchain projects that merge artificial intelligence (AI) and the Internet of Things (IoT). With a history of backing successful ventures like Cosmos, Solana, and Polkadot, Cyber.Fund aims to foster the development of what it terms the “cybernetic economy”, where…

LayerZero Launches V2 Upgrade Across More than 40 Testnets to Streamline Cross-Chain Interoperability

LayerZero’s V2 introduces an omnichain network of blockchains to enable web3 developers to build universal decentralized applications. Amid the mass adoption of web3 applications, LayerZero (ZRO), a fast-growing omnichain interoperability protocol, has emerged as a crucial component. Backed by a strong community and group of software engineers, LayerZero has been making waves as a top interoperability network. Moreover, LayerZero supports more than 50 blockchains and has so far facilitated over $50 billion in value transfer across different web3 protocols. The LayerZero protocol is currently valued at over $3 billion following…

Intel Unveils New AI Chips to Rival Nvidia’s Dominance in AI Industry, INTC Stock Up 1%

Dubbed Gaudi3, Intel intends to attract generative AI companies like OpenAI away from Nvidia and bolster its stock market performance. Intel Corp (NASDAQ: INTC) stock closed Thursday trading at $45.18, up 1.37 percent from the day’s opening price. Although Intel has been on a winning streak since the calendar flipped in January, the company is not satisfied with the performance as its rival Nvidia Corp (NASDAQ: NVDA) has more than tripled its valuation year-to-date. As a result, Intel has unveiled new products to compete with Nvidia and other peers in…

Sotheby’s Breaks Ground with Historic Auction of Bitcoin Ordinals NFTs

The BitcoinShrooms compilation featured pixelated artworks, with a particularly captivating avocado that outperformed initial expectations, commanding an impressive $101,600. In a groundbreaking move, renowned auction house Sotheby’s has ventured into the world of Bitcoin Ordinals inscriptions, a form of Non-Fungible Tokens (NFTs), with unprecedented success. The auction featured a set of three pixelated images from the “BitcoinShrooms” collection, marking the auction house’s debut in the NFTs on Bitcoin space. The sale, concluded on Wednesday, December 13, exceeded all expectations, with the three digital images fetching a total of approximately $450,000.…

Celestia (TIA), Injective (INJ), Neon EVM (NEON) Hits New ATHs

In addition to TIA, INJ, and NEON, other tokens have also demonstrated noteworthy performance. The crypto market is once again abuzz with excitement as three major tokens, Celestia (TIA), Injective (INJ), and Neon EVM (NEON), have reached new all-time highs, showcasing the dynamic nature of the crypto space. Celestia (TIA): Surging to the Stars Celestia (TIA) has experienced a remarkable surge in value, marking a 17.02% increase within 24 hours, propelling its price to $14.38. Over the past week, TIA has demonstrated impressive momentum, witnessing a surge of over 46.0%,…