The commission had until Dec. 23 to decide or punt on approval or disapproval for the spot crypto investment vehicle. The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove a spot Ether (ETH) exchange-traded fund, or ETF, proposed by Invesco and Galaxy Digital. In a Dec....Continue Reading

Bitcoin proves its value as an inflation hedge and store of value by hitting repeat all-time highs in multiple currencies. Since bottoming around $16,800, Bitcoin (BTC) has displayed resilience throughout 2023, posting over 153% gains year-to-date and $143% over the last 12 months to outperform major tech companies. Despite this impressive performance, the flagship cryptocurrency’s...Continue Reading

Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which is widely cited as a significant barrier to Web3 gaming adoption. Web3 gaming firm Immutable is set to completely cut out gas fee payments for gamers when its proprietary zero-knowledge proof-based (ZK-proofs) scaling platform goes live in early 2024....Continue Reading

NFT platform Enjin migrated 200 million NFTs from Ethereum and a sidechain to its blockchain network. In this week’s newsletter, read about how nonfungible token (NFT) trading volume neared $1 billion in November, and check out new NFT releases from former United States President Donald Trump, FIFA and heavy metal band Megadeth. In other news,...Continue Reading

The new project may eventually allow users to restore their accounts using a simple fingerprint or facial scan, developers stated. Hitachi Research & Development is teaming up with blockchain developer Concordium Foundation to create a “proof of technology” for a biometric crypto wallet, according to a December 12 announcement. The new wallet will allow users...Continue Reading

Memecoins are a gamble — and they’re almost always scams. What motivates crypto buyers to continue losing their money for bad reasons? In 2013, the launch of a dog-themed crypto token as a private joke between a couple of software developers was a harmless piece of fun. The fact that Dogecoin (DOGE) has since amassed a...Continue Reading

The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year. Crypto companies and institutions holding crypto assets have gotten some good news about accounting practices. They will be able to record the value of their crypto more realistically under rule changes in the United...Continue Reading

Bitcoin and altcoins are trying to find support at lower levels, indicating that the sentiment remains positive, and that traders are buying the dips. Bitcoin (BTC) has failed to rebound sharply following the fall on Dec. 11, suggesting selling pressure on relief rallies. Glassnode data shows that short-term holders (STHs), entities holding Bitcoin for 155...Continue Reading

The amount allocated is down from a budget of $40 million in 2023. Switzerland-based Interchain Foundation (ICF), the core developer behind cross-chain communications protocol Cosmos, will allocate $26.4 million for maintaining the said ecosystem next year. According to a Dec. 13 announcement seen by Cointelegraph, the ICF 2024 roadmap “prioritizes funding for the Interchain Stack’s...Continue Reading

Both in-game Checkmate token rewards and NFT gameplay modes will be disabled. Developers of blockchain chess game Immortal Game are pulling the plug on its play-to-earn (P2E) and nonfungible tokens (NFT) features due to rampant cheating. According to the December 13 announcement, while developers continue to build Immortal Game as an online chess hub and...Continue Reading