Day: December 30, 2023

Crypto Market Set for Growth, WazirX VP Forecasts Bullish 2024

Rajagopal Menon, Vice President of WazirX, projects a bullish year ahead for cryptocurrencies. Citing U.S. interest rate cuts and the Bitcoin halving, Menon sees a favorable climate for the crypto market in 2024. U.S. Interest Rate Cuts and Bitcoin Halving Bitcoin ETFs and Regulatory Dynamics Gold Market and Political Factors Political and Regulatory Efforts in […]

U.S. Dollar ‘Demise’—Iran And Russia Abandon The Dollar Amid Crypto Boom

The U.S. dollar is experiencing its first yearly loss since 2020, influenced heavily by the Federal Reserve’s change in monetary policy. This shift has sparked widespread speculation about a possible “Biden bailout” and a dramatic change in global financial trends. The Dollar’s Decline Cryptocurrency’s Ascendancy Economic Insights Global Financial Realignment This trend of countries moving […]

JPMorgan CEO Criticized for Bitcoin ETF Role Amid Anti-Crypto Comments

JPMorgan CEO Jamie Dimon has come under fire from the cryptocurrency community. This criticism follows the revelation that JPMorgan has been named an authorized participant (AP) by investment giant BlackRock in their updated Form S-1 filing for a proposed spot Bitcoin ETF. The Irony Highlighted Bloomberg ETF analyst Eric Balchunas pointed out the irony in […]

NFT Market’s New Twist: Unsellable’s Penny Deals

The NFT landscape, battered by a prolonged bear market, presents a bleak picture for the majority of collections, with DappRadar’s Head of Research, Pedro Herrera, estimating that 90-95% of them won’t regain their peak values. This downturn has left many NFT holders pondering their next steps with what are now essentially “worthless” JPEGs. Enter Unsellable, […]

Crypto Anonymity Under Fire: OKX’s Delisting of Privacy Coins

Cryptocurrency exchange OKX has announced the delisting of several privacy-focused tokens, including well-known cryptocurrencies like Monero (XMR) and Dash (DASH). This decision comes amidst growing regulatory scrutiny and the implementation of Financial Action Task Force (FATF) guidelines aimed at combating money laundering and tax evasion. The delisting, set to occur in early 2024, is part […]

Coinbase Appoints New Head of Custody Services

Coinbase is making strategic changes in its leadership, particularly in its custody division, which is crucial for handling services related to the eagerly anticipated spot Bitcoin Exchange-Traded Funds (ETFs). The company recently announced a significant alteration in its custody leadership, with Aaron Schnarch, the former Chief Executive Officer of Coinbase Custody, stepping down. His successor, […]

GameFi in 2024: A Year of Opportunity and Challenge

As 2024 dawns, the GameFi sector stands on the brink of a potentially transformative era. The promise of several Triple-A (AAA) titles set to be released this year ignites speculation about GameFi’s capacity to revolutionize the traditional gaming market. Yet, despite the excitement, the road ahead is fraught with challenges and skepticism. GameFi, a blend […]

Avalanche Foundation Embraces Meme Coin Culture

Meme coins have often been regarded with skepticism by blockchain enthusiasts. However, their growing popularity and market influence are undeniable. The Avalanche Foundation’s recent decision to invest in meme coins marks a significant shift, acknowledging the unique appeal and potential of these tokens in the broader crypto ecosystem. The Avalanche Foundation, known for its support […]