Crypto news

TL;DR Uphold is hosting an XRP giveaway to conclude 2023, offering 100,000 XRP to one winner and 1,000 XRP each to 25 participants. Eligibility requires a minimum of $20 in trades on the platform, with no limit on entry count. The giveaway is exclusive to US residents, continuing a series of similar events held by Uphold in previous months. This initiative follows Ripple’s partnership with Uphold in October to improve cross-border payments, leading to a surge in XRP trading...

It’s nearly guaranteed that regulators will force Bitcoin (BTC) ETF applicants to adopt a “cash-create” model before launching their highly anticipated investment products, according to Bloomberg ETF analyst Eric Balchunas.  The decision, if true, would have major implications for the cost of managing each fund – and by extension, the fees passed down to customers. In-Kind VS In-Cash Since last month, BlackRock and other applicants have held multiple meetings with the...

Analysts for the world’s largest bank expect Ethereum (ETH) to outperform Bitcoin (BTC) next year amid a critical network upgrade for the former, and a wildly disappointing ETF launch for the latter. In a report published Wednesday, JPMorgan argued that Ethereum’s upcoming “Protodanksharding” (EIP-4844) upgrade will help bolster network activity after a lull period during which Ether (ETH) has underperformed other cryptos. Ethereum’s Impending Comeback Expected for April,...

Gemini, the Winklevoss Twins crypto platform offering an exchange, custodian services, and – in partnership with Genesis – Earn services, has been in a bit of trouble ever since the latter filed for bankruptcy last January. Possible Recovery Plan Waiting For Court Approval Genesis, whose legal troubles stemmed partly from a loan to its parent company DCG that had not been repaid, has reportedly finally worked out a plan for repayment with said firm, allowing it to repay...

[PRESS RELEASE – Edmonton, Canada, December 14th, 2023] A fusion of patent-pending geospatial tech with NFTs for next-gen marketing & immersive experiences In an era when Web3 has begun integrating with the real world events, MyGeoTokens redefines the meaning of use case and tangible utility by developing a geospatial NFT marketplace. Bridging patent-pending proof of location technology with existing NFT capabilities, digital marketing and on-location experiences are...

[PRESS RELEASE – Tallinn, Estonia, December 14th, 2023] Winz.io Revolutionizes Player Rewards with the Launch of WinzUp Loyalty Program Winz.io, a leading force in the online gaming industry, proudly introduces WinzUp, a cutting-edge loyalty program meticulously designed to elevate player experiences and set new benchmarks in rewarding gameplay. WinzUp emerges as a game-changer, signaling Winz.io’s commitment to providing an unparalleled gaming environment enriched with...

Bitwise Asset Management has joined the list of companies aiming for a spot Bitcoin (BTC) Exchange Traded Fund (ETF) approval in the United States. The firm’s ETF has been officially listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker BITB, signaling a growing optimism within the sector. Bitwise Optimistic Following Listing Bitwise’s entry into this arena follows the steps of Fidelity, another prominent financial institution that had its spot...

Chainlink has announced that its price feeds are now live on the zero-knowledge (ZK) scaling solution, Polygon zkEVM. The latest development essentially aims to allow developers to build advanced DeFi applications. Chainlink Data Feeds’s functionality allows DeFi developers to tap external price data to develop and launch highly effective liquidity protocols and advanced decentralized exchanges, among other things. Polygon zkEVM Welcomes Chainlink Price Feeds According to the...

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...

Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin...