Category: Reviews

South Korean Crypto Traders Emerge as Major Force in BTC Rally

South Korea has long been recognized for its robust blockchain and crypto community. Crypto traders in South Korea have recently emerged as key players, wielding considerable influence during the latest Bitcoin (BTC) rally that has seen the digital currency surge by more than 50%, according to reports. The Rise of the South Korean Won Over the Dollar Recent data compiled by CCData shows that the South Korean won surpassed the US dollar to become the largest fiat trading pair in the crypto market. According to the data, the won accounted…

BlackRock May Move $200M from Private Bitcoin Trust to Its Spot ETF upon Approval

Rumors suggest that BlackRock plans to give itself a head start by moving funds from its private Bitcoin trust to its ETF. Giant asset manager BlackRock Inc (NYSE: BLK) may have set plans in motion that will put the company well ahead of its competition if the United States Securities and Exchange Commission (SEC) approves a spot Bitcoin ETF. BlackRock, likely to receive approval according to market observers, may have started the ETF race well in advance. According to Bloomberg ETF analyst Eric Balchunas, there are rumors that BlackRock could…

DWF Labs Commits $1M to Theta Edgecloud Hybrid Computing Platform

Theta Edgecloud stands out in the cloud computing area as it provides a flexible hybrid model designed to meet the diverse needs of businesses and individuals. Venture capital firm DWF Labs has committed $1 million towards advancing Theta Edgecloud, an innovative hybrid cloud computing system within the Theta Labs ecosystem. This strategic investment demonstrates DWF Labs’ desire to shape the future by combining blockchain technology with thriving industries such as video, 3D rendering, AI, and machine learning via Theta’s innovative solutions. DWF Labs Supports Theta Edgecloud Theta Edgecloud stands out…

Ark Invest Is Dumping Large Amounts of Coinbase (COIN) Stock, Here’s Why

The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140. Cathie Wood’s asset management firm Ark Invest has been liquidating its Coinbase Global Inc (NASDAQ: COIN) stock holdings in big numbers recently. On December 5, ARK executed the sale of up to 237,572 Coinbase shares across its three funds, as indicated by a trade notification. The transaction occurred when Coinbase’s stock closed at $140 per share, resulting in a minimum revenue of…

Anotherblock to Release Michael Jackson’s First-ever Studio Demo on Blockchain

Per the announcement made by Anotherblock, the project will have two packages – the open edition and the limited edition. I Swedish Web3 music startup Anotherblock will release the first Michael Jackson’s studio demo as a digital vinyl on a blockchain-based platform. Jackson and his brothers recorded the track titled Big Boy (One-Derful Version)  in July 1967. The song went on to become the first for the Jackson 5.  Company CEO and co-founder Michel Traore expressed his thrill at his involvement in retelling the story of the early days of…

Elon Musk-backed xAI Notifies US SEC of Its Intentions to Raise $866.3M through Equity Offering

xAI, the Nevada-based tech company, has so far raised $134 million in its bid to achieve $1 billion to further improve AI tools used by GROK. In a bid to grow its market share and infrastructure, Elon Musk-backed xAI Corp. has filed with the United States Securities and Exchange Commission (SEC) to raise an extra $865.4 million through equity sales. The Nevada-based technology company notified the US SEC through Form D, which is yet to be revised, that it has already sold offerings worth about $134.6 million. The company highlighted…

French Lender Societe Generale Floats Controversial Euro Stablecoin

Unlike what JPMorgan offers with its JPM Coin, the EUR ConVertible will be available for trading, thus opening up immediate access for a wide range of investors. Societe Generale, the third-largest bank in France is set to launch its EUR CoinVertible stablecoin on the crypto exchange Bitstamp. The move represents a pioneering effort by the Paris-based bank as it will be the first bank to offer a stablecoin on a cryptocurrency exchange. For what it’s worth, the bank’s groundbreaking action will cause a major shift in the way traditional financial…

Elon Musk’s X Secures Money Transmitter Licenses across Three US States

With the latest authorization from three US states, the X platform expanded its ability to offer financial services to users in the region. Elon Musk-owned social media platform X has received money transmitter licenses from three states in the United States to aid its transformation into an “everything app”. According to a TechCrunch report, the platform formerly known as Twitter was authorized to operate as a payment gateway in the US states of Dakota, Kansas, and Wyoming in late November 2023. X has previously received the same money transmitter license…

Coinbase Wallet Introduces Shareable Links Option for Local and International Payments to Simplify Money Transfers

Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a shareable payment link to distribute via messaging apps, social media, or email. The new feature removes the need to exchange complicated bank details or wait through sluggish traditional wire transfers. With a few taps, people…

Assemblyman Proposes Bill to Regulate Digital Assets as Securities

The bill shows that New Jersey is following New York’s lead by establishing a comprehensive crypto framework. A new bill in New Jersey aims to regulate digital assets and virtual currencies as securities. The bill, introduced by Democratic Assemblymember Herb Conaway, Jr., specifies the conditions under which a digital asset would be considered a security under state law. According to the proposal, all virtual currencies issued and sold to institutional investors should be treated as securities. The bill goes further to define institutional investors as “companies or organizations that invest…