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RepubliK, a SocialFi platform striving to combine traditional social media with the advanced features of Web3, entered into a strategic partnership with The Open Network (TON) on December 19, according to the latest information shared with Finbold. The partnership, scheduled to begin in earnest in the second quarter of 2024, aims to bridge the gap between Web2 and Web3 further. RepubliK plans to ensure its social media platforms are more user-friendly by integrating recognizable solutions while still being powered by blockchain technology. Registration will be simplified as users will be able to choose between utilizing their email or opting for a single sign-on option like Gmail or Facebook. RepubliK also explains that the design of its UI and UX are deliberately reminiscent of popular platforms like Instagram and TikTok to make adoption easier and more intuitive. True to its overall approach, RepublK will also offer some gamification Features , such as an experience system wit...

Speaking to CNBC, Grayscale CEO Michael Sonnenshein says that the approval of a Spot Bitcoin ETF would unlock about $30 trillion worth of advised wealth for Bitcoin. Indeed, speaking on the Squawk Box program, Sonnenshein noted that approval will allow investment from individuals who have been “locked out” of a chance to have Bitcoin exposure. Sonnenheim specifically noted that the advised market would have seen a massive influence on Bitcoin investment. Unfortunately, the Grayscale CEO echoes similar statements shared by those optimistic about the approval of a Spot Bitcoin ETF. Moreover, many expect a decision to be made by the US Securities and Exchange Commission (SEC) in early 2024. JUST IN: Grayscale CEO says Spot #Bitcoin ETF approval would unlock about $30 trillion worth of advised wealth for #Bitcoin. pic.twitter.com/KTrSUMInnP — Watcher.Guru (@WatcherGuru) December 18, 2023 Also Read: ARK Invest Sells $2.5M in Grayscale GBTC Amid BTC Price Surge...

A Matrixport report indicates publicly-listed crypto companies have outperformed Bitcoin’s year-to-date returns. Bitcoin-focused firms such as crypto miners and crypto exchanges (e.g. Coinbase) demonstrated a notable performance that surpassed Bitcoin’s returns themselves. As per a Matrixport report, a group of listed Bitcoin mining companies, in conjunction with Coinbase, has yielded a commendable return of +266%, showcasing an advantage of +150% compared to Bitcoin’s performance. Average performance of Bitcoin mining companies (or crypto related firms) vs. Bitcoin | Source: Matrixport related -link"> related -link__icon icon" aria-hidden="true"> related -link__prefix"> You might also like: Marathon stock jumps 11% amid global expansion The outperformance suggests a changing landscape in investor preferences and strategies, even though these entities have navigated significant fluctuations in performance lately. In recent market de...

A crypto strategist thinks that one altcoin that’s trading under the radar could repeat its mid-2020 price action en route to printing massive gains. Analyst Ali Martinez tells his 35,900 followers on the social media platform X that supply-chain management blockchain VeChain (VET) looks poised to break out of its immediate resistance at $0.033. According to the analyst, VET appears to be mirroring its consolidation between 2018 to 2020 and a breakout could push the altcoin to his long-term target of $0.70. “VeChain , the forgotten Chinese Ethereum , appears to mirror the consolidation phase we saw in 2018-2020! If so, VET could break through the $0.033 resistance barrier within the next two weeks. The upswing could send VET to $0.077 by late January. That’s a 150% price increase!”  Source: Ali Martinez/X At time of writing, VET is trading for $0.030, suggesting an upside potential of about 2,230% if the altcoin hits the analyst’s...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Cubera defi staking platform is in its early access phase and will soon offer users a streamlined environment to stake their assets across multiple chains.  Cryptocurrency users can now explore the innovative defi landscape and earn rewards on the Cubera multi-chain staking platform. Cubera has unveiled a platform that synergizes staking, yield optimization, and auto-compounding in a unified, transparent environment.  Cubera defi reward staking  The Cubera platform has been developed to offer a transparent, streamlined experience for users to manage their portfolios whilst still being able to utilize their assets across multiple defi platform s. The company focuses on transparency and building trust amongst its growing community.  Cubera is committed to harnessing the power of defi and DAOs to bring users an open-source pl...

A widely followed crypto analyst is breaking down Bitcoin (BTC) while keeping an eye on some top altcoin projects. Pseudonymous crypto trader Rekt Capital tells his 376,600 followers on the social media platform X that BTC has overcome its fall from last year. “This year has completely engulfed the downside from last year. A lot can change in a year.” Source: Rekt Capital/X Looking ahead for BTC, Rekt Capital says the crypto king might soon drop slightly in price. “Picture-perfect rejection from the bottom of this green range BTC failed to Daily Close inside the old range In doing so, BTC has formed a new Lower High also on the RSI (relative strength index) (red) – potential sign of weakness. Price may soon drop into ~$41,200 (black).” Source: Rekt Capital/X BTC is worth $41,792 at time of writing. Moving on to top artificial intelligence (AI) altcoin Fetch.ai (FET), the analyst says the altcoin project has risen by 300% sinc...

The collective valuation of the meme coin market rose by more than 4% in the past day of trading. DOGE was not the biggest contributor to this feat as its price only rose by 0.51% since yesterday. Technicals on DOGE’s chart suggest that the meme coin could face price drops in the coming days. The meme coin market saw its collective valuation rise by 4.42% over the past 24 hours, according to CoinMarketCap data. Subsequently, the total market cap for meme coins stood at above $24.128 billion. Dogecoin (DOGE), the largest meme coin by market cap, saw its price rise 0.51% over the past 24 hours. Its competitor, Shiba Inu (SHIB), was not able to post a gain during the same period. CoinMarketCap data showed that SHIB was down 1.46%, bringing its price down to $0.000009907 at press time. It was Bonk (BONK), however, that was the best-performing meme coin on the top 10 meme coins list. The Solana-based altcoin surged more than 102% throughout the past day of tra...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that the regulator has updated its approach to Bitcoin (BTC) ETFs. In an interview with CNBC, Gensler was asked about considering applications for spot Bitcoin ETFs. In response, the head of the regulator noted that the SEC is now considering “from eight to a dozen applications .” According to Gensler, the SEC has rejected several applications in the past, however, the regulator now appears to be changing course. “We’re taking a new look at this based upon those court rulings.” Gary Gensler, SEC Chairman News anchor Sarah Eisen asked if he was referring to the Grayscale case, with Gensler sidestepping the question saying that everything at the SEC is done “within the confines of the laws passed by Congress and how the courts interpret them.” You might also like: SEC may refuse Grayscale’s Bitcoin ETF despite court win While Gensler does not comment on the consideration of applicati...

Tech giant Google must hand over identifying information to Ireland’s second most senior politician about the buyers of crypto scam ads that used his likeness, a court has ruled. Tánaiste Mícheál Martin of the Fianna Fáil party says ads promising to “transform anyone into a millionaire within three to four months” have damaged his reputation. With this court ruling, Martin aims to hold those accountable. Local media reports that an agreement was reached between the two parties before heading to court. On Thursday, a judge formally ruled that Google must provide the financial accounts used to pay for the crypto Scam ads, along with associated names , IP addresses, and more. Google said that it won’t object to any court orders — but its legal counsel noted it wasn’t consenting, either.  Buyers of crypto scam ads join Martin’s naughty list by Christmas In previous court action, the Fianna Fáil party said that the crypto scam ads displayed “egregious ...

Ethereum will outperform Bitcoin next year despite the halving and the possible launch of Bitcoin ETFs, JPMorgan said. “We believe that next year Ethereum will re-assert itself and recapture market share within the crypto ecosystem,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a note on Dec. 13.  JPMorgan Based Its Prediction On The Ethereum EIP-4844 Upgrade The Wall Street bank believes an upcoming upgrade could be one of the big events that will drive Ether’s price next year.  “The main catalyst is the EIP-4844 upgrade or Protodanksharding, which is expected to take place during the first half of 2024,” said the JPMorgan analysts. “We believe that this upgrade will likely prove a bigger step towards improving Ethereum network activity, thus helping Ethereum to outperform.”  Protodanksharding is the first step towards the full implementation of Danksharding within the Ethereum network. Danksharding avoids t...

Three Arrows Capital co-founder Su Zhu is set for release for good behavior.  Zhu faced questioning in a two-day hearing in a Singapore court, addressing the collapse of the crypto hedge fund. The legal proceedings between Zhu and the liquidator’s representatives are characterized as a civil matter. Co-founder Su Zhu of bankrupt hedge fund Three Arrows Capital is reportedly expected to be released this month based on standard provisions for good behavior. Bloomberg: 3AC founder Zhu Su is set to be released this month based on standard provisions for good behavior. The two-day court hearing this week required Zhu to respond to lawyers for the liquidator, including how the fund failed and the whereabouts of assets.… — Wu Blockchain (@WuBlockchain) December 13, 2023 As reported by Bloomberg, Zhu faced questioning in a Singapore court about the fund’s collapse in a two-day court for the first time. The hearing required Zhu to respond to lawyers fo...

The cryptocurrency exchange Binance has faced several major setbacks – mostly stemming from U.S. regulators – throughout 2023. The troubles started in earnest when, in June, the Securities and Exchange Commission (SEC) revealed it was suing the company. Furthermore, American watchdogs announced in November that they have secured a guilty plea both from the firm and from its CEO, Changpeng Zhao, as part of a settlement aimed at concluding their investigation, and in December, reports claiming that the SEC is also looking to secure a guilty plea have also emerged. These events had a notable effect on BNB and saw its price fall from about $300 at the start of June to just above $230 after the SEC suit was unveiled. Binance Coin again experienced a notable decline after Changpeng Zhao stepped down as CEO following his guilty plea from approximately $253 to $227. Despite the adverse developments, BNB has proven its relative stability after the emergence of bad news and has ma...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a move that signals a major shift towards cryptocurrency adoption, Lugano, a picturesque Swiss city, has announced it will start accept ing Bitcoin (BTC) for tax payments . This decision puts Lugano in the spotlight , showcasing the city’s forward-thinking approach to financial technology. Meanwhile, BorroeFinance (ROE) is drawing investor attention and is being explored as one of the top cryptos investors can examine. Lugano: paving the way for crypto in municipal finance Imagine paying your taxes with Bitcoin. Well, for the residents of Lugano, this is set to become a reality. The city recently announced a partnership with Tether (USDT) to revitalize its financial system using Bitcoin. This step makes Lugano one of the first cities in the world to integrate crypto into its municipal finance system. You might also li...

Binance announced on its blog today that it will be listing SATS at 12:00 UTC today. SATS is a BRC-20 token that pays tribute to Bitcoin’s founder Satoshi Nakamoto. An ascending triangle has emerged on BTC’s 4-hour chart, which suggests that its price may enter into a bullish move soon. The leading cryptocurrency exchange platform Binance announced on its blog today that it will be listing BRC-20 SATS (1000SATS) at 12:00 UTC today. According to the post, the platform will open trading for three new spot trading pairs; 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY. In addition to these spot trading pairs, the blog post revealed that 1000SATS will also be added as a borrowable asset. This new margin pair will be opened for trading within 48 hours after the spot trading pairs go live, according to the post. SATS is a BRC-20 token that pays homage to Satoshi Nakamoto, the creator of Bitcoin (BTC). The token’s name, SAT, is an abbreviation for satoshi, which ...

Avalanche (AVAX) flipped Dogecoin (DOGE) and became the ninth-largest cryptocurrency by market capitalization. AVAX’s market cap gained 15% in the past 24 hours, reaching $14.98 billion. The price surge on AVAX was propelled by increased activity on Trader Joe, Avalanche’s top DEX. AVAX, the native cryptocurrency of the Avalanche blockchain, flipped DOGE, the internet meme-based crypto token featuring the Shiba Inu logo, to become the ninth-largest cryptocurrency by market capitalization. AVAX became the ninth largest cryptocurrency after its market cap gained 15%, reaching $14.98 billion. The significant rise in the value and ranking of AVAX in the past 24 hours coincides with a notable development on Trader Joe, the Avalanche blockchain’s top decentralized exchange (DEX). According to Colin Wu, a renowned crypto journalist, Trader Joe’s fee capture reached $1.23 million, while its revenue rose to $145,000 in the past 24 hours, at the time of the report. ...

In the dynamic realm of crypto currencies, the lead-up to major announcements is often marked by anticipation and excitement. Shiba Inu (SHIB) enthusiasts currently find themselves eagerly anticipating an impending “game-changing announcement.” This was hinted at by the anonymous leader of the Shiba Inu development team. Lucie, the marketing lead, shared this revelation in a screenshot from the official Shibarium Telegram group. It went on to spark speculation and curiosity within the community. The Enigmatic Message Kusama, the pseudonymous leader, tantalized the community with the assurance of a significant revelation. The developer noted that a “game-changing announcement” is on the horizon. Adopting a customary cautionary tone prevalent in the crypto space, Kusama also cautioned against the dissemination of FUD (Fear, Uncertainty, and Doubt) by malicious actors, underscoring the importance of responsible communication within the community. Source Possi...

Shiba Inu (SHIB) has seen a 55% increase in the last three months. Nearly 90,000 addresses hold over 422 trillion SHIB at $0.000016. 59.87% of all SHIB holders are currently  “Out Of The Money.” Shiba Inu (SHIB) has seen a 55% increase in the last three months, staying relatively quiet during the recent altcoin season, according to Ali, a renowned crypto analyst on X (formerly Twitter). Ali noted that SHIB faces major resistance despite significant potential for growth. He also observed that nearly 90,000 addresses hold over 422 trillion SHIB at $0.000016. Ali fetched the data for his Analysis from IntoTheBlock, a blockchain data-providing firm.  #ShibaInu has seen a 55% increase in the last 3 months, staying relatively quiet during the recent altcoin season. While there's potential for growth ahead, $SHIB faces a major resistance zone. Nearly 90,000 addresses hold over 422 trillion #SHIB at $0.000016. pic.twitter.com/LE6kpLb1Or — Ali (@ali_ch...

DOT was able to overtake both MATIC and LINK to become the twelfth-largest cryptocurrency by market cap. DOT was changing hands at $6.86 after its price underwent a correction in the past 24 hours. Technicals suggest that DOT’s bullish momentum may have reached a peak. Polkadot (DOT) was able to climb above Chainlink (LINK) and Polygon (MATIC) in terms of market cap. This is after DOT’s price surged more than 21.50% over the past week.  At press time, DOT was trading hands at $6.86 according to CoinMarketCap data. Despite the altcoin’s price undergoing a slight correction in the past 24 hours, DOT was still ranked above LINK and MATIC in terms of market cap. DOT outperformed LINK throughout the past day of trading as well, as LINK saw its price drop more than 8%. MATIC was the best performer of the three cryptocurrencies, as it only recorded a 24-hour loss of 4.96% during the same period. Subsequently, LINK changed hands at $15.04, while MATIC’s price ...

APT’s price may drop below $8 but if bulls defend $7.58, the token may recover. APE’s move in the $2 direction may be short-lived while 1INCH’s potential nosedive may be minimal. The unlock could trigger FLOW’s decrease below $0.80, and CYBER’s sideways movement may eventually turn bearish. A lot of projects plan to unlock new tokens between 11 and 17 December, according to data from Token Unlocks. Some of the major ones of this lot include  Aptos (APT), 1inch Network (1INCH), ApeCoin (APE),  Flow (FLOW), and CyberConnect (CYBER). Token unlocks refer to the scheduled release of previously restricted tokens into the market. Most times, the tokens are reserved for investors, stakeholders, or developers of a project. Also, the scheduled release of these cryptocurrencies ensures that the market supply is balanced with demand for the tokens. However, since unlocks cause an increase in supply, it usually leads to price decline. Therefore, market players may nee...