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Steve Muchoki



Articles by Steve Muchoki

Top GameFi Tokens to Focus On amid Bitcoin-led Crypto Bull Run

7 days ago

[unable to retrieve full-text content]CoinspeakerTop GameFi Tokens to Focus On amid Bitcoin-led Crypto Bull Run
The use of Web3 gaming protocols to onboard millions of users to the crypto and blockchain industry has helped the respective tokens to experience parabolic rallies.
Top GameFi Tokens to Focus On amid Bitcoin-led Crypto Bull Run

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VanEck Slashes Spot Bitcoin ETF Fee from 0.25% to 0.20% to Obtain Competitive Edge

11 days ago

[unable to retrieve full-text content]CoinspeakerVanEck Slashes Spot Bitcoin ETF Fee from 0.25% to 0.20% to Obtain Competitive Edge
The majority of US spot Bitcoin ETF issuers have set their sponsor fee between 0.19% and 0.25%, but the high competition could easily cause further lowering in the near term.
VanEck Slashes Spot Bitcoin ETF Fee from 0.25% to 0.20% to Obtain Competitive Edge

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Bakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%

12 days ago

[unable to retrieve full-text content]CoinspeakerBakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%
Bakkt announced that the US SEC approved its universal shelf registration in Form S-3 to raise up to $150 million in several offerings over the next three years.
Bakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%

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Flare Network Introduces FXRP Assets to Enhance XRP Adoption via Web3 Industry

15 days ago

[unable to retrieve full-text content]CoinspeakerFlare Network Introduces FXRP Assets to Enhance XRP Adoption via Web3 Industry
The Flare Network has integrated XRP through the LayerCake bridging protocol, thus increasing XRP’s real-world utility amid the mass adoption of digital assets.
Flare Network Introduces FXRP Assets to Enhance XRP Adoption via Web3 Industry

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New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency

15 days ago

[unable to retrieve full-text content]CoinspeakerNew Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency
New Zealand’s central bank governor told the parliamentary Finance and Expenditure Committee that stablecoins are not a substitute for fiat money and are not as stable as purported.
New Zealand Central Bank Governor Slams Stablecoins and Crypto in Favor of Fiat Currency

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Recently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings

18 days ago

[unable to retrieve full-text content]CoinspeakerRecently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings
The several spot Bitcoin ETFs excluding Grayscale Investments now hold about 192k Bitcoins compared to MicroStrategy’s 190k according to its latest quarterly report.
Recently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings

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ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015

26 days ago

[unable to retrieve full-text content]CoinspeakerARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015
Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class.
ARK Invest Says Optimal Bitcoin Portfolio Allocation for 2023 Was 19.4%, Up from 0.5% in 2015

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SUI Price Hits New All-Time High, Enters Top 10 DeFi Blockchains by TVL Metric

27 days ago

[unable to retrieve full-text content]CoinspeakerSUI Price Hits New All-Time High, Enters Top 10 DeFi Blockchains by TVL Metric
Sui has been among the top performers in the cryptocurrency market as of late, fueled by a notable spike in its on-chain DeFi activity and rising trading volume.
SUI Price Hits New All-Time High, Enters Top 10 DeFi Blockchains by TVL Metric

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Web3 Social Game Forgotten Playland Completes $7M in Seed Round

28 days ago

[unable to retrieve full-text content]CoinspeakerWeb3 Social Game Forgotten Playland Completes $7M in Seed Round
With several products in the pipeline, the Forgotten Playland team is confident the ecosystem will grow exponentially in the coming years.
Web3 Social Game Forgotten Playland Completes $7M in Seed Round

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PayPal Unveils New AI-powered Products to Redefine Global Payments Between Merchants and Customers

29 days ago

[unable to retrieve full-text content]CoinspeakerPayPal Unveils New AI-powered Products to Redefine Global Payments Between Merchants and Customers
PayPal CEO Alex Chriss revealed that the company will tap into the vast data collected from customers and merchants to teach its AI for the mutual benefit of all parties.
PayPal Unveils New AI-powered Products to Redefine Global Payments Between Merchants and Customers

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Finnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach

29 days ago

[unable to retrieve full-text content]CoinspeakerFinnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach
Although the Finnish authorities did not reveal the method used in analyzing Monero, Julius Aleksanteri Kivimäki has been confirmed as the key figure behind the Vastaamo data breach.
Finnish Authorities Connect Monero (XMR) Transactions to Vastaamo Data Breach

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HashKey Group Announced Completion of Series A Funding Round with $100M at Valuation of Over $1.2B

January 16, 2024

The newly acquired funds will help HashKey to build diversified Web3 products amid the mainstream adoption of digital assets and blockchain technology in Asia.

HashKey Group, the operator of a leading Hong Kong-based cryptocurrency exchange and other web3-focused platforms, announced the completion of the Series A funding round with nearly $100 million. As a result, the company saw its valuation rally beyond $1.2 billion to a unicorn status. According to the announcement, HashKey will direct the funds to build more licensed and diversified web3 products to solidify its position in the Asian market. Moreover, the Asian market has led to the adoption of digital assets and web3 products to streamline the financial system and online experiences.
HashKey Group did not disclose the investors

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Binance Report: Crypto Exchange Adds 40M Users in 2023 Despite Regulatory Hurdles

December 29, 2023

Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report.

Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former Chief Executive Officer Changpeng Zhao (CZ) being forcefully ousted by the United States government, Binance has demonstrated that it was built to stay and facilitate the mainstream adoption of Bitcoin and digital assets.
Moreover, the Binance crypto exchange holds more than half a million Bitcoins and is regulated in several global jurisdictions. Additionally, the newly appointed Binance CEO Richard Teng has promised to continue

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Monex Group to Acquire Majority Stake in Canada-based 3iQ

December 29, 2023

The Tokyo-based Monex Group intends to further strengthen its digital asset offerings to institutional investors through the 3iQ acquisition.

Monex Group Inc, a holding financial company based in Japan with operations around the world, will acquire Canada-based crypto asset manager 3iQ Digital Holdings Inc for an undisclosed amount. According to the announcement, 3iQ will collaborate with Coincheck Inc, a Japanese cryptocurrency exchange with different products in the market that was acquired by Monex Group back in 2018 for about $33.4 million, to bolster the digital asset offerings focused on institutional investors. Additionally, the partnership will entail enhanced liquidity for the 1.8 million Coincheck customers already invested in the cryptocurrency industry.
Frederick T. Pye,

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Crypto Exchanges Seeking to Tap on Vast Indonesian Market Must Register with Commodity Future Exchange (CFX)

December 28, 2023

The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection.

The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in the coming years, the Indonesian government has been preparing to tap into the blockchain and the nascent industry to grow its economy securely. In the latest move, the Indonesian government has announced that all cryptocurrency exchanges seeking to offer services in the country must register with the new bourse dubbed the Commodity Future Exchange (CFX). The CFX was launched earlier this year to enable the Indonesian government

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Grayscale Investments’ Top Executives Barry Silbert and Mark Murphy Resign from Board of Directors

December 27, 2023

In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday.

Top cryptocurrency investor Grayscale Investments LLC has been preparing to offer spot Bitcoin exchange-traded funds (ETF) in a bid to widen its market share. On Tuesday, the company made several moves to ensure an imminent approval of spot BTC ETF, which is anticipated to happen in the next few weeks. Grayscale Investments announced on Tuesday that its chairman and founder of Digital Currency Group Barry Silbert and DCG president Mark Murphy had resigned from the board of directors effective January 1, 2024.
Notably, the company highlighted that Mark Shifke has replaced Silbert, whereby Mathew Kummell and Edward

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Coinbase Builds Runway for Mass Adoption of Crypto Assets and Web 3.0 Industry

December 20, 2023

With about 425 million owning crypto and more than 80 percent of G20 countries moving towards enabling digital assets, Coinbase is confident the industry will unlock economic freedom to billions of users.

The cryptocurrency industry has continued to evolve with the market needs and the fast-changing global regulatory landscape. The trillion-dollar industry is preparing for mass adoption with about 425 million global investors owning various crypto assets. Moreover, more governments around the world have been perpetuating poor monetary policies that weigh heavily on ordinary investors over the years. With Bitcoin (BTC) already at the tipping point where no government in the world can stop its mainstream adoption, experts believe the digital asset is on the cusp of historical wealth

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Affirm Expands to Self-Checkout at Over 4,590 Walmart Stores, AFRM Stock Jumps 15%

December 20, 2023

The collaboration between Affirm and Walmart is expected to increase the purchasing power during the end-of-year festive season as more shoppers can pay over time.

Affirm Holdings Inc (NASDAQ: AFRM), an American financial technology company that offers buy now pay later (BNPL) services for online and in-store purchases, has announced a strategic partnership with Walmart Inc (NYSE: WMT) to expand their services during this holiday shopping season. According to the announcement, Affirm has now expanded its buy now, pay later services to self-checkout Walmart kiosks at over 4,500 Walmart stores in the United States. The partnership increases the shopping capacity for eligible customers, which in return helps the companies widen their sales during the end-of-year festivals.
Following the

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Bybit Unveils Crypto Ark Space in Dubai to Enhance Web3 Adoption

December 18, 2023

The first offering of Bybit’s Crypto Ark Space is the Crypto Ark Trading Academy, which will run every Thursday from 7:00 pm to 8:30 pm.

The Bybit cryptocurrency exchange, a top-rated crypto firm with more than 20 million registered global users, has announced plans to ensure a seamless web3 adoption through its Crypto Ark Trading program. According to the statement, Bybit’s Crypto Ark has embarked on a journey to reshape the future of crypto collaboration beginning with its headquarters in Dubai. Moreover, Bybit’s Crypto Ark is focused on bringing together crypto users from different parts of the world to learn and collaborate in regard to the wen3 industry.
In a bid to kickstart the Crypto Ark Space, Bybit has announced that the Crypto Ark Trading Academy will be the first offering

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LayerZero Launches V2 Upgrade Across More than 40 Testnets to Streamline Cross-Chain Interoperability

December 15, 2023

LayerZero’s V2 introduces an omnichain network of blockchains to enable web3 developers to build universal decentralized applications.

Amid the mass adoption of web3 applications, LayerZero (ZRO), a fast-growing omnichain interoperability protocol, has emerged as a crucial component. Backed by a strong community and group of software engineers, LayerZero has been making waves as a top interoperability network. Moreover, LayerZero supports more than 50 blockchains and has so far facilitated over $50 billion in value transfer across different web3 protocols. The LayerZero protocol is currently valued at over $3 billion following the recent $120 million funding round that attracted top-notch investors like a16z crypto, Sequoia Capital, OKX Ventures, and Circle Ventures among others.
As a

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Intel Unveils New AI Chips to Rival Nvidia’s Dominance in AI Industry, INTC Stock Up 1%

December 15, 2023

Dubbed Gaudi3, Intel intends to attract generative AI companies like OpenAI away from Nvidia and bolster its stock market performance.

Intel Corp (NASDAQ: INTC) stock closed Thursday trading at $45.18, up 1.37 percent from the day’s opening price. Although Intel has been on a winning streak since the calendar flipped in January, the company is not satisfied with the performance as its rival Nvidia Corp (NASDAQ: NVDA) has more than tripled its valuation year-to-date. As a result, Intel has unveiled new products to compete with Nvidia and other peers in the generative Artificial Intelligence (AI).
During the Intel AI Everywhere launch event in New York on Thursday, the company’s Chief Executive Executive Officer (CEO) Patrick Gelsinger announced several AI-focused chips that will hit the

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Binance Survey: Nearly Half of Crypto Users Rely on Digital Assets to Earn Extra Income

December 14, 2023

Binance surveyed 1,172 of its registered users in jurisdictions where it is allowed to operate and found that 45 percent rely on crypto to earn an extra income.

Binance Holdings Ltd, the leading cryptocurrency exchange by daily traded volume and globally registered users, recently surveyed its registered users to understand top use cases for crypto assets. Notably, the cryptocurrency exchange conducted the survey on 1,172 randomly distributed in Asia, the Middle East, Europe, Africa, and Latin America. The survey happened between November 15, 2023, and December 6, 2023, on the Binance Survey platform. Despite the different opinions relayed by different individuals, it is evident that the crypto industry is better with Binance at the helm. Moreover, the crypto exchange has remained loyal

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L2 Crypto Project Blast Crosses $822M in TVL Ahead of Next Year’s Mainnet Launch

December 8, 2023

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024.

Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members.
According to the latest market data provided through DeBank, Blast protocol has about 308,114 Ether worth approximately $727.7 million. Additionally, the Blast protocol has deposited DAI stablecoins worth $94.7 million into Maker for yield farming. As a result, Blast protocol has more than $822 million in total value locked (TVL) and over 67k community members, thus making

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

December 8, 2023

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 realm. According to the announcement, the strategic partnership between Oasys and Fireblocks will reduce the entry-level requirements for gaming developers to build a

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

December 8, 2023

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 notified its users on Wednesday that it had dropped Venmo as a payment option, and the company will no longer let users pay using the PayPal-backed payment method beginning January 10, 2024. Following the announcement, PYPL stock closed Thursday trading at

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

December 6, 2023

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 that the minimum investment that will be accepted in the offering is $2 million.
xAI and the AI Boom
Musk has dedicated his time to improving global technology through his family of companies. After leaving the OpenAI team due to internal conflicts, Musk is

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Osmosis DEX and Umee UX Chain Announce Network Merger to Enhance Services and Liquidity

December 4, 2023

The collaboration between Osmosis and the UX chain will focus on addressing potential security vulnerabilities and shared liquidity to enhance growth prospects.

The ultimate growth of blockchain technology has been pegged to the multi-chain capabilities, whereby the Cosmos (ATOM) network has described it as blockchain 3.0. In the context of multichain capabilities, Osmosis (OSMO), a leading decentralized exchange (DEX) on the Cosmos ecosystem with more than $128 million in total value locked (TVL), has announced plans to merge with UX Chain, a layer one blockchain on the Cosmos formerly known as UMEE. Notably, the merge proposal was adopted to enhance their network security and simply the respective token ecosystem. Moreover, the two protocols joined together have a higher synergy that

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Top Analyst Says Potential Spot Bitcoin ETF Approval Could Happen between January 5 and 10, 2024

December 1, 2023

With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January.

The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k narrative before the end of the year. Moreover, Bitcoin price had been consolidating in an ascending triangle on the daily time frame, which signaled a possible bullish continuation.
US Spot Bitcoin ETF Politics at Play
With more than 10 fund managers seeking to offer spot Bitcoin exchange-traded funds

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