Category: Reviews

BlackRock Updates ETF Application Inviting Wall Street Banks to Participate

BlackRock’s recent app update indicates their engagement with the SEC led by Gary Gensler on Dec. 11, marking the third meeting in a series held over the past few weeks. BlackRock Inc (NYSE: BLK) has implemented structural modifications in its application to launch a spot Bitcoin ETF in the US. The updated filing allows Wall Street banks to generate new shares in the fund using fiat currencies, expanding beyond cryptocurrencies. To participate, banks must acquire authorized participant (AP) status. This adjustment is notable as regulated US banks, unable to hold…

Donald Trump Launches New Mugshot Edition NFT Collection with Actual Pieces of Mugshot Suit and Tie

The new NFT collection will give users a chance to own an actual piece of the Trump mugshot suit and tie, and access to dinner at his resort. Former United States president Donald Trump has unveiled a new non-fungible token (NFT) collection for $99, called the “Mugshot Edition”. The collection references the billionaire businessman’s legal issues, allowing Trump to monetize the problem. As part of a new sale of “digital trading cards” NFT collection he launched late last year, Trump is selling the Mugshot Edition NFTs along with pieces of a suit…

Coinbase Launches Project Diamond to Tokenize Real-world Assets in Regulated Way

Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets. Leading United States cryptocurrency exchange by registered users and average daily traded volume Coinbase Global Inc (NASDAQ: COIN), has continued to widen its global market reach with Binance Holdings Ltd under regulatory siege. Backed by notable institutional investors with deep pockets like BlackRock Inc (NYSE: BLK) and Circle Internet Financial, Coinbase has managed to grow throughout the crypto bear market to a stable crypto institution with…

Stock Futures Move Higher as Traders Await Today’s Fed Rate Policy Decision

The gains have come while traders await the conclusion of the final Fed meeting of 2023. Stock futures in the United States climbed slightly higher on Tuesday, December 12, as investors await news on the Federal Reserve’s (Fed) policy. Futures on the Dow Jones Industrial Average (DIJA) climbed 0.11%, adding 42 points, while S&P 500 and Nasdaq 100 futures rose 0.11% and 0.18%, respectively. The market expects the US’ apex bank to keep rates steady instead of a reduction or an increase. This means the interest rate will remain in…

Blockchain Gaming Sector Expected to Reach $614.91B in 2030

Analysts at Fortune found that the flourishing landscape of blockchain gaming is not without its hurdles. As such, they have pinpointed several important factors hindering the sector’s growth. With the current global cryptocurrency market valued at around $1.54 trillion, the blockchain gaming sector is set to make waves over the next six years. According to research conducted by analysts at Fortune Business Insights, the decentralized finance gaming sector (GameFi) is projected to hit an impressive $614.91 billion by 2030 at a compound annual growth rate (CAGR) of 21.8%. Blockchain Games…

AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

AVAX price rallied over 50% and traded above the $40 level. Avalanche is now correcting gains, but the bulls might remain active near the $32 support zone. AVAX price gained pace above the $30 and $40 levels against the US dollar. The price is trading above $30 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $35.00 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if it stays above the…

Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

Ethereum price is moving lower below the $2,250 support zone. ETH is now at risk of more downsides below the $2,120 support zone. Ethereum struggled to start a fresh increase above the $2,250 resistance. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance near $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it declines below the $2,120 support zone. Ethereum Price Takes Hit Ethereum price attempted a…

StakingRewards Releases Guide to ORBS Staking Ecosystem

The newly launched ORBS guide on StakingRewards provides token holders access to robust analytics for optimizing staking strategies. The customizable dashboards offer at-a-glance visibility into key metrics. StakingRewards, a leading staking information platform, has published a comprehensive guide catering specifically to ORBS token holders interested in staking on the Orbs blockchain network. The newly released guide offers useful metrics, comparisons, and tutorials to inform and assist those who are staking on the platform. Orbs is an open, decentralized public blockchain designed to facilitate scalability and security for decentralized apps through…

Binance Announces Resolution with US Agencies, Shares Compliance Improvement

Binance says it has agreed to a robust monitorship for its compliance and sanctions control programs. Popular crypto exchange Binance has revealed that it has made significant progress with regulators. This follows after its recent run-in with regulatory bodies such as the US Securities and Exchange Commission (SEC) and the (CFTC). In a Tuesday blog post, the exchange acknowledged that it may have done things a bit wrongly in the past. That is, it may have not considered how quickly it was growing as a firm, to update its compliance…

Bitcoin Mining Investment Commitments Hit $1.2B YTD as BTC Halving 2024 Approaches

Several companies are anticipating the changes expected from the Bitcoin halving next year and have pumped in more mining investments. The Bitcoin mining industry has consistently picked up steam over the last few months. According to a report from Bitcoin mining consultancy and PR firm BlocksBridge Consulting, Bitcoin miner investment commitments have crossed $1.2 billion year-to-date. In its Miner Weekly report, BlocksBridge Consulting notes that since the year began, twelve public mining companies have placed orders for spot and future stocks of Bitcoin miners, with a total capacity of more than…