According to a report by The Block, J.P. Morgan analysts, led by Nikolaos Panigirtzoglou, have expressed skepticism about the recent surge in the cryptocurrency market, suggesting that the rally might be overdone. Their research note, dated 8 November, identifies two primary factors believed to be influencing the market’s recent performance. As per The Block’s coverage, the first factor is the […]

Galaxy Digital founder Mike Novogratz has told investors that 2024 will be headlined by institutional adoption of cryptocurrencies, which will be driven by the pending approval of Bitcoin (BTC) spot exchange-traded funds (ETFs). During Galaxy Digital’s third-quarter earnings call on Nov. 9, Novogratz highlighted the firm’s belief that approving several ETFs “is now not a matter of if but when.” The […]

Lightspeed Ventures, a leading VC firm, has invested $285M in blockchain startups, demonstrating its commitment to the industry. Lightspeed has partnered with Faction, a company with blockchain experts, to provide support to early-stage projects. Lightspeed’s investment will boost emerging companies with the potential for remarkable growth in the blockchain and Web3 space. In a major move, Lightspeed Ventures, a veteran […]

Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10.  The Organisation for Economic Cooperation and Development (OECD) published the CARF in 2022. Developed from an April 2021 […]

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community. On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after prosecutors challenged a Utah Magistrate judge’s decision to let Karony out […]

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup. The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field. Photonic’s […]

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo. Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 of the bankruptcy plan approved by Celsius creditors overwhelmingly […]

The growth of social media has made it possible for everyone to become a content creator. And while the creator economy grew, incentives to become part of it continued to diminish. Since the $100 billion market is dominated by a handful of centralized platforms, creators hardly ever see a fair compensation for their efforts.  YouTube, for example, has only recently […]

The Solana (SOL) price has shown resilience in the past five days after a remarkable surge, almost reaching $47. Despite recovering from the bear market, a looming challenge comes in the form of potential sell pressure from substantial FTX holdings. The cryptocurrency market is treading cautiously as Solana (SOL) approaches a critical juncture. Analysts are closely eyeing the $31.2 million […]