Category: Reviews

The Sandbox Launches ‘Revamped’ Marketplace on Polygon for Reduced Gas Fees

The Sandbox is celebrating the launch of its marketplace on Polygon with a new NFT collection by 30 artists from its Creator Fund. Virtual gaming world The Sandbox has announced that its NFT marketplace is now available on the Polygon blockchain. The Sandbox Marketplace on Polygon was created to ‘further empower’ creators and enable the community to monetize their ASSETs at reduced gas fees. 📣 Introducing The Sandbox Marketplace on @0xPolygon! 📣 Anyone can now mint ASSETs with greatly reduced fees! 💰 Monetize your creations – Put your work up…

Dow Records 158 Point Rise on Thursday as Economic Data Shows General Improvement

There was a general rise in the Dow, S&P 500 and Nasdaq Composite indexes following hints that the Fed policy would favor the general market. The Dow Jones Industrial Average (DIJA) ended Thursday higher even as the 10-year Treasury fell below 4%. The Dow’s rise corresponds with an increase in retail sales, providing an optimistic outlook on the economy as the year comes to an end. The 10-year Treasury note fell below 4%, a level not seen since August, losing 11 basis points to crest at 3.922%. The fall in…

Nearly Half of Crypto Users Rely on Digital Assets to Earn Extra Income

Binance surveyed 1,172 of its registered users in jurisdictions where it is allowed to operate and found that 45 percent rely on crypto to earn an extra income. Binance Holdings Ltd, the leading cryptocurrency exchange by daily traded volume and globally registered users, recently surveyed its registered users to understand top use cases for crypto assets. Notably, the cryptocurrency exchange conducted the survey on 1,172 randomly distributed in Asia, the Middle East, Europe, Africa, and Latin America. The survey happened between November 15, 2023, and December 6, 2023, on the…

Bitcoin and Altcoins Market Rally Resumes Following Fed Interest Rate Announcement

Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin (BTC) and some altcoins. Following the news, BTC spiked 2.2% to reach $43,400, reflecting an overall sense…

EOS Network Enhances Its Stablecoins Ecosystem via Partnership with EOS Stable Coin Chain (ESCC)

ESCC will introduce stablecoin-based gas fees and Ethereum compatibility on EOS. EOS Labs and EOS Network Foundation (ENF), the main stewards of the EOS Network have announced a strategic collaboration with EOS Stable Coin Chain (ESCC), an Ethereum-based stablecoin solutions provider. ESCC is a novel smart contract on the EOS Network using a customized implementation of the EOS EVM architecture. According to the partnership details reaching our desks, the three companies aim to integrate an optimized platform for high-speed compliant stablecoin transactions. Together, they aim to provide EOS users with…

Crypto.com Partner Cronos Launches Layer 2 zkEVM Testnet Chain with Matter Labs

Cronos has announced a layer 2 network for the Ethereum blockchain in collaboration with Matter Labs, Crypto.com, Fulcrom, VVS, and Veno. Cronos Labs, the name behind the Cronos blockchain, and a partner to Crypto.com, has announced a new layer 2 platform built for the Ethereum network. Cronos Labs has now joined a growing list of services working on improving Ethereum’s scalability by building and launching off-chain networks. The platform is initially available as a public testnet. 📖 Closing the year with a new #CROFam chapter: Introducing the Cronos zkEVM Chain…

Solana’s BONK Rockets 40% on Coinbase Listing

Solana, the blockchain network hosting Bonk, has experienced an impressive run in 2023. Earlier this month, SOL saw a remarkable 50% jump in just a few days, indicating a strong bullish trend.   The crypto market is seeing another boom in the altcoin space as Solana-based memecoin, Bonk (BONK), witnessed a 40% surge in the past 24 hours following the announcement of its listing on the prominent exchange, Coinbase Global Inc (NASDAQ: COIN). This development positions BONK as the third-largest meme coin on the platform, trailing behind the giants Dogecoin (DOGE) …

Bitcoin to Be Measured at Fair Value in US Under New FASB Rules

The crypto market responded positively to the FASB announcement, with Bitcoin’s price rising over 4.12% to $42,979 following the guidance release. The Financial Accounting Standards Board (FASB), the US entity responsible for detailing how companies report assets on their balance sheets, has introduced new standards allowing corporations to measure Bitcoin (BTC) and other crypto assets at fair value. FASB’s Shift Towards Fair Value Measurement This marks a departure from the previous accounting rules, known as the “indefinite-lived intangible asset accounting model,” which mandated using the original purchase price and cumulative…

Bitwise Drops 10 Predictions for Crypto in 2024

Bitwise has published 10 predictions for the crypto industry in 2024, including a fall in Ethereum transaction cost and the approval of Bitcoin ETFs. As we are coming closer to a new year, there are inevitably not only recaps of 2023 but predictions for 2024. The industry is in a very interesting place with top tokens showing signs of recovery and major milestones within view. In light of this, Bitwise has released 10 predictions they have for the crypto industry in 2024. Bitwise’s Crypto Predictions for a New Year The…

Dow Jones Jumps 500 Points to All-Time High as Fed Keeps Rates Unchanged

With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of multiple rate cuts in the coming year was the major catalyst behind the move. The 30-stock Dow soared by 512.30 points, or 1.40%, finishing at 37,090.24, surpassing its previous record from January 2022. The S&P…