Category: Reviews

New ETF Proposal Linked to MicroStrategy Stocks Aims for Monthly Payouts to Investors

The fund would use investor capital to buy call options on MSTR while simultaneously selling put options. The premiums collected from these transactions would then be distributed to shareholders as monthly yields. An investment firm YieldMax directed a request to the Securities and Exchange Commission (SEC) seeking regulatory approval for an exchange-traded fund (ETF) that offers monthly income tied to MicroStrategy derivatives. If granted the green light, the ETF is scheduled to launch in 2024 under the name Option Income Strategy ETF, with the ticker symbol MSTY. YieldMax, the company…

Oasys Network Announces Strategic Partnership with Fireblocks to Enhance Web3 Gaming Experience

The partnership between Oasys blockchain and Fireblocks will help web3 developers focus on building immersive games that entail seamless fluidity without worrying about securing digital assets. The web3 gaming industry has been touted as the best channel to onboard millions of new users to cryptocurrency and blockchain technology. As a result, Oasys blockchain, a layer one (L1) network focused on optimizing the web3 gaming industry, has announced a strategic partnership with Fireblocks LLC, a New York-based software development company focused on empowering organizations to seamlessly venture into the digital asset…

Fidelity’s FBTC Spot Bitcoin ETF Inches Closer to SEC Approval on DTCC List

As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelity’s director of global macro, believes the crypto asset could surge to over $1 billion in 2038. Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on the active and pre-launch list of the Depository Trust & Clearing Corporation (DTCC). The move places the financial services company at the forefront of the race for the first spot Bitcoin (BTC) ETF approval in…

VanEck Releases List of 15 Predictions for Crypto Industry in 2024

One of the 2024 predictions is the emergence of at least one breakout blockchain game that will surpass a million daily active users as Web3 gaming continues to vie for mainstream adoption. Asset manager VanEck has made 15 forecasts for the crypto industry in 2024. In what it terms a “speculative expedition”, the New York-based firm touches many corners of the cryptoverse with mentions of the highly anticipated Spot Bitcoin ETFs, peak NFT season, and KYC regulations in DeFi. A Relatively Smooth 4th Bitcoin Halving and a New BTC ATH…

Reebok Launches Accountable Ant Sneakers Collection with VeeFriends

Following the announcement of the sneakers collection, VeeFriends unveiled a special early access program for its token holders. In what is fast becoming an ongoing collaboration, Reebok has partnered with VeeFriends again to launch an exclusive collection of sneakers dubbed Accountable Ant Classic Nylons. Earlier in August, the duo partnered to launch the VeeFriends Aspiring Alpaca sneaker, which sold for $90 apiece. The new launch is likely an attempt to build on the momentum generated by the previous collaboration. Gary Vaynerchuk, CEO of VeeFriends, expressed his enthusiasm for the ongoing…

Amazon Removes PayPal-backed Venmo as Payment Option, PYPL Stock Drops Nearly 2%

While Amazon did not provide the actual reason for not supporting Venmo as a payment option, the notable rise of web3 payment platforms could be a major factor. In October last year, Amazon.com Inc (NASDAQ: AMZN) announced that it would begin to offer Venmo, a product of PayPal Holdings Inc (NASDAQ: PYPL), as a new payment option to boost its orders on the mobile app and Amazon.com site during the festival season. Initially, Amazon announced only its US-based customers would shop with the Venmo payment option. A year later, Amazon…

El Salvador Launches $1M Freedom Visa Program, Seeking BTC and USDT Investors

Critics argue that the substantial $1 million requirement makes citizenship unattainable for many investors. Comparable citizenship-by-investment programs in the Caribbean start at around $100,000. The government of El Salvador has introduced an innovative yet controversial program that offers residency and a pathway to full citizenship in exchange for a substantial investment in cryptocurrency. Tagged El Salvador’s “Freedom Visa”, the program requires participants to invest $1 million in either Bitcoin (BTC) or Tether (USDT). This program has been promoted by the administration of President Nayib Bukele as a way to encourage…

LayerZero to Airdrop 12M $ZRO Tokens in First Half of 2024

LayerZero announced the distribution of the $ZRO token via airdrop will be based on wallet activity as of the time of the snapshot. LayerZero Labs, an omnichain interoperability protocol supporting dozens of blockchains, has announced plans to airdrop its highly anticipated governance token dubbed $ZRO. The LayerZero community has been discussing a potential token for the past months and the team has announced airdrop will be completed during the first half of next year. Moreover, the LayerZero network has grown into a mature ecosystem with dozens of web3 projects from…

GameStop CEO Buying New Stocks from Company’s Cash Balance, GME Stock Up 10%

GameStop gives CEO complete control to buy stocks from the company’s cash books, however, analysts have given a major red flag on this. Gaming retailer GameStop Corp (NYSE: GME) is taking a shift in its approach while allowing its CEO and chair Ryan Cohen to gain even more control in these struggling times. This includes the ability to use the company’s cash to buy new stocks. In its quarterly report unveiled on Wednesday evening, GameStop disclosed two modifications to its corporate investment strategy. First is that it allows the use…

Jack Dorsey’s Block Launches Self-Custody Bitcoin Wallet Bitkey in 95 Countries

The wallet was developed by Block’s Proto Team and is in line with the fintech’s vision of increased access and global financial independence.   Jack Dorsey’s Block Inc has rolled out a self-custody Bitcoin wallet available for pre-order in over 95 countries. The Bitkey wallet is made up of a mobile application, a hexagon-shaped hardware device and a set of recovery tools that can be used to recover a customer’s assets in case they lose their phone or hardware device. The $150 wallet will begin shipping in early 2024. It sets…