Day: November 29, 2023

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

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[ad_1] Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.”…

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Central Banker Says Crypto ‘Miserably’ Failed Test of Money, Will Make Way for CBDCs and TradFi Products: Report

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[ad_1] The head of Singapore’s central bank doesn’t think crypto has a future in financial services. Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), said in a speech earlier this month that cryptocurrencies have “failed the test of digital money.” “They have performed poorly as a medium of exchange or store of value. Their prices are subject to sharp speculative swings. Many investors in cryptocurrencies have suffered significant losses.” During a panel discussion this week, Menon says he thinks crypto assets “will eventually leave the scene,” according…

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Paxos receives two in-principle approvals in Abu Dhabi

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[ad_1] Paxos has received two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM). The company will issue USD-pegged stablecoins as well as crypto brokerage and custody services. Blockchain infrastructure firm Paxos has scored another regulatory milestone as it expands its reach globally. On Wednesday, the New York-based company announced it had secured two preliminary approvals to issue stablecoins in Abu Dhabi. Paxos regulated in the Abu Dhabi Global Market Specifically, the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) has…

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Charlie Shrem tells how he became a Bitcoin millionaire

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[ad_1] Charlie Shrem went from running a small online business to becoming a Bitcoin millionaire and making the cover of Forbes magazine. And then, he went to prison. In the latest episode of Cointelegraph’s Crypto Stories, Shrem tells the story of how he founded BitInstant, grew it into a multimillion-dollar Bitcoin empire, an then was arrested for his role in it. Shrem’s first business was an e-commerce site that only charged $5 shipping per item. The idea was his cousin’s, but Shrem used his coding skills to create the actual…

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ScapesMania and its potential to outshine Ripple (XRP) and Cardano (ADA) in the cryptocurrency investment race in 2024

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[ad_1] ScapesMania: Innovatively positioned for growth in the crypto market. Ripple (XRP): Resilient despite legal challenges, with fluctuating market performance. Cardano (ADA): At a pivotal point, with potential for significant price movements based on market trends. The cryptocurrency market has pulled back from recent highs, but overall sentiment remains bullish. Bitcoin and major cryptocurrencies like Ether show resilience, with Bitcoin experiencing a 30% rally since early October.  This surge is attributed to the anticipation of a spot BTC Exchange-Traded Fund (ETF) approval and a favorable macroeconomic backdrop. Technical indicators suggest a positive…

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Jack Dorsey wants to decentralize Bitcoin mining with new investment

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[ad_1] Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey is backing a new BTC mining pool to help miners regain control of block rewards and transaction fees. Dorsey has led a $6.2 million seed round for Mummolin, the parent company of the new decentralization Bitcoin mining pool called Ocean, according to an announcement on Nov. 29. The seed funding will support the launch of Ocean, which is designed to decentralize and reshape the process of Bitcoin mining. The mining pool specifically aims to provide more mining process transparency…

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