ETF Approval Could Rocket Ethereum to $3,400: Analyst
A famous analyst predicts Ethereum could rally to $3,400 as the market awaits SEC approval for spot Ethereum ETFs in 2024.
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Starbucks Korea to Issue Eco-Friendly NFTs
Starbucks Korea will start issuing NFT rewards on Polygon in January 2024 for customers who use reusable cups, as part of a sustainability initiative.
Ripple’s Plan to Burn 39 Billion XRP Faces Backlash
Crypto expert Kristin Dack warns the XRP community about the risks of Ripple burning all of its escrowed XRP, which could eliminate over $23B worth of tokens and expose holders to unpredictable losses.
RBI Stands Firm Against Crypto Integration
The Reserve Bank of India maintains its opposition to integrating cryptocurrencies into the formal financial system due to economic stability and consumer protection concerns while advocating for central bank digital currencies as a more regulated digital currency alternative.
Hong Kong Virtual Bank ZA Bank Eyes Crypto Trading Services
ZA Bank CEO says the Hong Kong-based virtual bank plans to eventually offer crypto trading services with fiat through its mobile app, as it doubles down on web3 services.
China Sets Sights on NFT and Web3 Leadership
China reveals plans to advance the adoption and growth of web3 services like NFTs and dApps through a new national framework.
Yellow Card Seeks License in Nigeria After Crypto Ban Lift
Pan-African crypto exchange Yellow Card plans to expand into Nigeria by pursuing licensing following the central bank lifting restrictions on virtual asset transactions.
Japan Approves Crypto Tax Reform for 2024
Japan’s government approved eliminating corporate taxes on unrealized crypto gains held by companies in 2024 fiscal reforms, aiming to spur local blockchain startups.
Paxos Expands USDP Stablecoin to Solana in January 2024
Stablecoin issuer Paxos announced its USDP token will launch on Solana starting January 17th, 2024 after attaining regulatory approval, marking a major competitive milestone versus rivals.
Bitcoin Miners See 400% Surge in Daily Fee Revenue
Data shows Bitcoin miners collected roughly $2 million per day on average in 2023 from transaction fees, representing a 400% increase over last year and $10+ billion total.