Category: Reviews

El Salvador’s Freedom Visa Program Attracts $153M in Less Than One Week

The El Salvador Freedom Visa program opens the path to citizenship to 1000 crypto millionaires per year in a bid to build a stronger economy. Nearly three years after El Salvador made headlines by adopting Bitcoin (BTC) as legal tender alongside the United States dollar, the country has grown into a robust economic hub in Latin America. El Salvador President Nayib Bukele has remained steadfast in transforming the country to an improved financial position despite the heavy criticism from Western banking institutions like the World Bank. Moreover, El Salvador could…

Coinbase Base Gets Its First Token as Seamless Protocol Unveils ERC-20 SEAM Token

Seamless Protocol, a prominent project within Coinbase’s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM, the inaugural Base token, will debut on Coinbase. The distribution of SEAM occurred through an airdrop, rewarding users based on their engagement with the Seamless platform, including activities like providing funds to pools and participating…

Cardano Foundation Unveils Identity Wallet to Support Seamless Web3 Adoption

The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy. Cardano (ADA) network, a leading smart contract-focused blockchain with more than $378 million in total value locked (TVL) in its decentralized financial (DeFi) protocols, has grown to a mature ecosystem despite the devastation of the 2022 crypto bear market. The Cardano network has seen exponential growth in the staked ADA, amid the mass adoption of digital assets and the web3 industry led by institutional investors. Backed by the Cardano Foundation, IOHK,…

XRP Price Could Regain Strength If It Clears This Key Barrier

XRP price is eyeing a fresh increase from the $0.600 support. The price could gain bullish momentum if it clears the $0.625 resistance zone. XRP is slowly moving higher above the $0.612 level. The price is now trading below $0.625 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.628 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh rally if it clears the $0.625 and $0.628 resistance levels. XRP…

Which One Has Had A Better Impact?

Both the Shiba Inu and the LUNC tokens have seen their growth hindered by the fact that their circulating supply is incredibly large. As a way to curb this, both communities have come up with a burn initiative to reduce the supply of the tokens as much as possible. So far, there have been significant amounts of tokens sent to burn addresses by members of the community. But which community’s effort has had the best impact on the token price? LUNC Community Hits 85 Billion Mark The LUNC community burn…

OpenAI’s Rival Mistral AI Valued at $2B after Latest Funding Round

Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful funding round which raised €385 million ($415 million) to further develop its innovative technology and open-source software. Significance of Mistral AI’s New Funding Round The funding round, led by Andreessen Horowitz (a16z) and supported by…

Binance Introduces Fusionist (ACE) as 40th Project Released on Launchpool

Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain. Major crypto exchange Binance has introduced a new project on the Binance Launchpool – Fusionist (ACE). According to an official announcement, the ACE token is the native token of decentralized social blockchain Endurance. The blockchain will house Fusionist, a web3 AAA game. Binance’s announcement specifies that the total token supply is 147 million ACE. The Launchpool will have an initial circulating supply of 21,969,520 ACE, about 14.95% of the total token supply.…

Crypto Analyst Predicts Short-Term XRP Price Rally To $18

A crypto analyst has provided some optimism regarding the XRP price as many contemplate whether or not to continue to hold on to their XRP tokens. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a potential manipulation resounding through the community. XRP Price To Hit $18 In The Short-Term In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP could hit $18 soon enough. To back up his…

Solana Price Drops Under $70, Watch Out These Key Support Levels for SOL

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts. Solana price continues to maintain its position above $66.…

Fed Decision and Inflation Report to Trigger Market Volatility

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding announcements from the Fed. How These Events Move the…