Category: Reviews

Crypto Policies Take Center Stage at Republican Presidential Debate

The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users. The Republican presidential debate in Tuscaloosa, Alabama, on Wednesday, delved into cryptocurrency policies and regulation. Vivek Ramaswamy, who stood out for integrating crypto into his campaign, did not hesitate to address the industry’s challenges. In response to a query about his crypto policy, Ramaswamy referenced the recent legal turmoil involving Changpeng “CZ” Zhao, the former CEO of Binance. Zhao faced charges related to breaking sanctions and money-transmitting laws, igniting a debate…

a16z Crypto Reveals Top Trends to Look Forward to in Crypto in 2024

At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it. Venture capital firm Andreessen Horowitz (a16z) has released its “big ideas” for 2024, with its crypto arm composing a list of trends to look forward to in crypto in 2024. The list contains trends that the firm’s crypto partners are looking forward to across sectors such as artificial intelligence (AI), decentralization, and modular technology. We…

Former Bitzlato CEO Legkodymov Pleads Guilty to $700M Crypto Fraud 

After spending 11 months in custody, Legkodymov pleaded guilty to one count of operating an unregistered exchange. Anatoly Legkodymov, the former CEO of Bitzlato, a cryptocurrency exchange based in Hong Kong, has pleaded guilty to charges of operating an unlicensed money-transmitting business and facilitating the laundering of illicit funds totaling up to $700 million. According to an announcement on Wednesday, the former Bitzlato CEO, popularly known as “Gandalf” or “Tolik”, appeared before Judge Eric Vitaliano at a United States court in Brooklyn, N.Y., where he admitted the crimes. The Genesis…

Bitcoin Halving and Spot ETF Hype Fuels Bulls but There Is Catch

Crypto experts during the Next Block Expo conference in Berlin unanimously agreed the crypto bear market is over but emphasized a cautious approach. Bitcoin (BTC) price has continued to showcase its stability as an investment product in the past few days. After reaching a new yearly high of around $44.5k, Bitcoin price has been ranging in a bullish pennant pattern, which could yield a fresh rally toward $48k before the end of the year. The flagship cryptocurrency has attracted significant attention from institutional investors seeking to diversify their portfolios and…

Filecoin Network and io.net Announces Strategic Partnership to Widen Income Opportunities for Decentralized Storage Providers

The partnership between the Filecoin network and the io.net platform is a major shift for the decentralized storage providers, as more income avenues have been created. The Filecoin (FIL) network has grown to a mature decentralized storage ecosystem with a fully diluted valuation of more than $9.2 billion. In a bid to ensure sustainable growth in the future, the Filecoin network has been working with other industry players to onboard more stakeholders. In the latest development, the Filecoin network has announced a strategic partnership with io.net, an established platform that…

Google to Allow Crypto ETF Ads in January 2024

In Jabuary 2024, Google will updated its ad policy related to the advertsing of crypto assets, products, and services. Google is expected to update its policy regarding advertisements of cryptocurrencies and crypto-related products in January 2024. The updates will include clarifications of the requirements and scope of such ads. Starting on January 29, 2024, Cryptocurrency Coin Trusts (ETFs) can be advertised to users in the United  States in those cases when the offered services and products correspond to the rules set by Google. More detailed info to be added soon.…

Robinhood Launches Commission-free Crypto Trading App in EU

Robinhood’s clients in the European Union can buy and sell 25 tokens via a commission-free app. Today it has been announced that Robinhood Markets Inc (NASDAQ: HOOD) made a commission-free crypto trading application available to users in the European Union. It happened just a week after Robinhood’s stock-broking services were launched in the UK. Via the app, the company’s customers have the possibility to purchase and sell over 25 digital assets. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are also among them. “It is the only custodial crypto platform where…

US Mortgage Refinance Demand Surges 14% as Interest Rates Hit Lowest Point since August

Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August. After a robust 8% rise in October, US mortgage rates are again approaching the 7% mark. This decline is proving to be a catalyst for the refinance market, offering homeowners an opportune moment to revisit…

TikTok Parent Company ByteDance to Spend $5B Buying Back Stock

TikTok’s parent company ByteDance plans to spend $5 billion buying back stock from shareholders. This will bring its valuation to $268 billion. As per recent reports, ByteDance, the parent company of TikTok, plans to spend about $5 billion buying back stock from its shareholders. This comes as the company has faced several setbacks in its journey to becoming publicly listed, including the economy back in China and regulatory issues in the United States. ByteDance Buying Back Stock Reports suggest that ByteDance will be offering $160 per share to current holders,…

Bonk vs Dogecoin and Shiba Inu

While DOGE and SHIB experienced notable gains of 16% and 10%, respectively, in the past 24 hours, Bonk outshone its counterparts with a surge exceeding 70%. In recent developments in the crypto market, the resurgence of dog-themed tokens has taken center stage, with Bonk (BONK) emerging as a formidable contender against the more established players like Dogecoin (DOGE) and Shiba Inu (SHIB). The recent resurgence in interest in these tokens has seen substantial gains for holders, particularly in the case of BONK, which has experienced a remarkable 1,000% surge in…