Category: Reviews

Cardano (ADA) Price Shoots Over 15% as DeFi TVL Crosses $450M

Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the Cardano (ADA) price is trading 13.85% up at $0.6495 with a market cap of $22.9 billion. The recent price rally for ADA also comes on the backdrop of solid growth in Cardano’s decentralized finance (DeFi)…

Bitwise’s Spot Bitcoin ETF Listed on DTCC Under BITB Ticker

DTCC data shows that the Wise Origin Bitcoin FD SHS is listed under the ticker BITB. Bitwise joins BlackRock, Invesco Galaxy, and Fidelity on the DTCC’s list.  Bitwise Asset Management has listed its spot Bitcoin exchange-traded fund (ETF) on the Depository Trust and Clearing Corporation (DTCC). This comes after Fidelity Investments listed its FBTC spot Bitcoin ETF on the DTCC’s active and prelaunch list last week. Bitwise’s move is evidence of the firm’s confidence that a spot Bitcoin ETF will be approved in the United  States soon. Chief Investment Officer…

Bitcoin Price Jumps to $43,000 as Fed Hints Three Rate Cuts in 2024

The Santa Claus rally in the crypto market is likely to continue with analysts expecting the Bitcoin price to touch $48,000 during pre-spot ETF approval. Bitcoin and the broader cryptocurrency market are experiencing a state of euphoria after the FOMC meeting on Wednesday, December 13. The Bitcoin (BTC) price is up more than 5% in the last 12 hours advancing past $43,000 levels. At the same time, the altcoins have advanced even further. Ethereum (ETH) is up by 5% moving past the $2,250 level while Cardano (ADA) and Avalanche (AVAX)…

Ubisoft Unveils ‘Champions Tactics’ Ethereum NFTs, Announces Free Mint Date

The Champions Tactics game itself will launch on Oasys, a separate chain from that of the Warlords NFTs – Ethereum. Ubisoft’s first original blockchain game Champions Tactics: Grimoria Chronicles, is set to begin a free mint in a few days. According to a recent announcement, mint for the game’s “Warlords” will go live on December 18. However, a private mint, set for 6 am ET on the day, will come before the general mint which is slated to open by 2 pm ET the same Monday. It might be important…

Goldman Sachs Sees Three Straight Fed Rate Cuts in March, May, June in 2024

Goldman believes that the Fed could begin rate cuts from the first quarter of next year as inflation hopefully falls. Financial services giant Goldman Sachs Group Inc (NYSE: GS) has revised its call for Fed interest rate cuts for 2024. According to a report, the banking and investment management company has added a possible rate cut in Q1 2024 to its forecast, adding that the Fed could cut rates in March, May, and June next year. Goldman Sachs Forecasts Rate Cuts Goldman previously forecasted that the Fed would begin rate cuts in December.…

JPMorgan: Amazon and Alphabet ‘Top Picks’ for 2024

JPMorgan chosen Amazon and Alphabet stocks as the most probable front-runners for 2024. As 2024 is just around the corner, investors are looking forward to getting predictions from experts. JPMorgan believes that tech stocks are going to get a good year. In a recent note, JPMorgan experts highlighted that Amazon and Alphabet would be the probable front-runners for 2024. Amazon.com Inc’s (NASDAQ: AMZN) revenue is expected to grow by 13% in comparison with 2023. The price target for AMZN will be around $190 which indicates a gain of 29% from…

Ethereum’s Vitalik Buterin Wants to Transfer Some Layer-2 Functions Back to L1 via Enshrined zkEVM

Buterin believes the enshrined zkEVM method, which returnes functions to L1, is the next course of action as “light clients” get stronger. Ethereum co-founder Vitalik Buterin has made a case for taking some functions away from Layer-2 networks or rollups, back to the main Ethereum chain. This “enshrined zkEVM” (zero-knowledge Ethereum Virtual Machine) method is a direct opposite of his previous campaign years ago, which sought to transfer computational load from the main Ethereum chain to Layer-2 networks. Buterin previously touted major support for Layer-2 networks that bundle transactions for off-chain…

Worldcoin Integrates with Major Tech Firms, Expands Its World ID to Mexico and Singapore

Riding in its current wave of success, Worldcoin has decided to spread its tentacles. Presently, the company is looking at expanding to Mexico and Singapore. Worldcoin, co-founded by OpenAI’s Sam Altman, has shared an update about its digital identity platform World ID. According to a company statement, the upgrade includes making significant integrations with five prominent tech firms. The tech firms that the crypto project has now added support for regarding the use of its World ID for user authentication, include Telegram, Reddit, Shopify, Minecraft, and Mercado Libre. Recall that…

SpaceX Valuation Eclipse to $180B as Company Prepares to Sell Existing Stocks at $97 per Share

SpaceX is now one of the most valuable private companies in the world with a scalable business in the Starlink satellite internet sector among others. Elon Musk-backed Space Exploration Technologies Corp commonly referred to as SpaceX has seen its total valuation climb to as high as $180 billion, according to the latest estimates by Bloomberg. The space telecommunications company has continued to make waves despite the hostile environment between Musk and the current United States government led by President Joe Biden. Furthermore, SpaceX has launched more than 5000 satellites since…

JPMorgan: Ethereum to Outperform Bitcoin in 2024

This prediction made by JPMorgan comes in the antivipation of Ethereum’s EIP-4844 upgrade that is scheduled for the next year. JPMorgan experts suppose that Ethereum (ETH) will be able to outperform Bitcoin (BTC) and other crypto assets in 2024.  But despite this statement, the bank is generally “cautious” about crypto markets in the near future. JPMorgan analysts led by Nikolaos Panigirtzoglou wrote: “We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem. The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is…