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Binance introduces a pioneering triparty agreement with a banking partner, offering a secure solution for institutional investors to manage counterparty risks in the crypto market. Binance has successfully executed the world’s first cryptocurrency triparty arrangement with a banking partner, although the specific banking partner was unidentified. This significant development offers a first-in-crypto solution that mirrors traditional financial frameworks, specifically designed to cater to the needs of institutional investors. The triparty agreement allows institutional investors to store their trading collateral off-exchange, under the custody of a third-party banking partner. This innovative solution directly addresses the primary concern of counterparty risk, which is prevalent among institutional investors in the crypto currency market.  #Binance has executed the industry's first Triparty agreement, where institutional investors' collateral is held off-exchan...

Sentiment has been majorly bullish for Ethereum (ETH), particularly with the updates in the last two years. The cryptocurrency market expects a bull market by 2025, and investors are trying to predict its price for the next 24 months. However, predicting volatile cryptocurrencies’ prices poses a challenge, and analysts will often miss their targets. Long-term projections increase the risk of inaccuracy, so investors should regularly revise their estimates. Despite the challenges, Finbold turned to artificial intelligence (AI) tools and expert cryptocurrency traders to present a conservative Ethereum price prediction for late 2025. Meanwhile, ETH is trading at $2,050 per token by press time. ChatGPT bearish, neutral, and bullish ETH price predictions Therefore, ChatGPT-4 was prompted to give three conservative Ethereum price predictions for Q4 2025. One with a bearish bias, a neutral prediction, and a bullish forecast for last. Cryptocurrency Machine learning algori...

BlackRock, the world’s largest asset manager, has recently updated its application for a spot Bitcoin Exchange-Traded Fund (ETF) in a bid to address the U.S. Securities and Exchange Commission’s (SEC) concerns. The revisions, detailed in the meeting minutes from a Nov. 28, 2023, discussion with the SEC’s Division of Trading and Markets, focus on mitigating issues related to market manipulation and broker-dealer registrations. Looks like BlackRock met with the SEC's Trading & Markets division again yesterday and gave presented them with a "revised" in-kind model design based on Staff's comments at their 11/20 meeting.. h/t @btcNLNico here's full doc: https://t.co/sgOpY5D1jz pic.twitter.com/863pWOX6w0 — Eric Balchunas (@EricBalchunas) November 29, 2023 BlackRock’s updated redemption model In its revised proposal, BlackRock introduces a “prepaid model” within the existing in-kind redemption framework. This model req...

The cryptocurrency market is witnessing another surge as we enter the last month of 2023. Bitcoin (BTC) has risen past the $38k mark, rallying by over 3% in the daily charts. With the anticipation of a bull run in 2024, many new investors might want to buy their first digital asset. However, some may want to start small, therefore, let’s look at the best tokens to watch under $1 for December 2023. Top 3 cryptocurrencies under $1 Shiba Inu (SHIB): Source – ZyCrypto SHIB is one of the most popular cryptocurrency projects out there. Although the token’s price has struggled for most of 2023, many analysts anticipate the asset to surge in the next bull run. Moreover, SHIB is also one of the cheapest options in the market right now. Also Read: Shiba Inu: Weekly $100 Since Launch Could Have Got $1.3 Billion Source: CoinGecko The token has surged over 3% in the daily charts and over 4% in the previous week. XRP: Source – Crypto XRP witnessed a surge in...

Ethereum (ETH) remains above the $2,000 support level. A crypto analyst notes that increasing whale activity could trigger the next bull run.  Meanwhile, market participants have been tracking Celestia and Meme Moguls, expecting expansions in 2024. Rising whale activity may drive ETH demand Shortly after BlackRock filed for an Ethereum ETF, prices broke the $2,000 resistance line.  Thus far, despite the decline in the broader crypto market, ETH is firm above $2,000, further buoyed by increasing whale accumulation. You might also like: Ethereum turns deflationary as validators exit and defi transactions drop 57% Glassnode reported that for the first time in more than nine months, large wallet addresses have been steadily accumulating the coin.  Accordingly, experts are bullish on ETH, expecting the coin to retest $2,140. Further gains will likely lift ETH towards $2,500.  Celestia bullish  On Oct. 31, Celestia launched the worl...

Chainlink’s LINK token soars 5.67% following the launch of its staking v0.2 priority migration. MACD and MFI indicators signal bullish momentum for LINK’s price. Investor interest surges as Chainlink’s staking upgrade bolsters security and rewards. Chainlink (LINK) has recently witnessed a notable market value surge following the launch of its s taking v0.2 priority migration. This upgrade, a significant stride in Chainlink’s ecosystem, introduces enhanced stakeholder flexibility, robust security measures, and a dynamic rewards system. Consequently, LINK, Chainlink’s native token, has seen a bullish trend, with market analysts predicting a potential 10% increase in its value. #Chainlink has quietly had a massive amount of older coins moving wallets today. Big older coin movement typically is followed by big price movements, which is what occurred September 15th, resulting in a +31% $LINK price climb the following 2 weeks. pic.t...

Cryptocurrency miner Phoenix Group has delay ed its listing on the Abu Dhabi Securities Exchange. Bitcoin (BTC) mining firm Phoenix Group has moved the date for going public on the Abu Dhabi Securities Exchange (ADX). According to a press release published on Nov. 28, 2023, the firm has rescheduled the listing date to Dec. 5, 2023, the UAE’s National Day. The UAE-headquartered firm noted that despite the delay, it anticipates “a warm reception from investors.” “This alignment with our national festivities affirms our deep respect for the UAE’s heritage and commitment to its future.” Phoenix Group Co-Founder Bijan Alizadeh You might also like: OPNX fined $2.7 million in UAE for flouting marketing laws Initially, Phoenix Group was planning to go public on Dec. 4, 2023 after the firm said its IPO was oversubscribed over 30 times. However, the Ministry of Human Resources and Emiratisation marked Dec. 2-4 as public holidays for the private sec...

Amid its sustained rally beyond the $2,000 mark, the Gold price is set to surpass record highs in 2024. Indeed, the precious metal is set to match the highs that it saw in 2020, as it has reached heights of $2,038.45 this week. Subsequently, new highs are not out of the question as 2023 comes to a close. Gold has long been perceived for its value against inflationary concerns. Therefore, as the United States’ economic situation continues to develop, the rising investment interest in GOLD has increased. Now, many are expecting that increase to continue well into next year. Also Read: AI Predicts Gold Price for December 2023 (XAU/USD) Gold Price to Reach New Highs in 2024? The past year has seen a very fragile US economy attempt to fight off inflation. Indeed, the Federal Reserve has embraced a tightening campaign that saw them raise interest rates for a year straight. Subsequently, that activity had a major effect on certain markets, with GOLD certainly leading the wa...

dYdX trading and launch rewards went live on the dYdX Chain on November 28. dYdX users can now earn rewards for using the dYdX Chain, with $20 million set for launch rewards. dYdX trading rewards are live on the dYdX Chain, the decentralised derivatives trading protocol announced on Tuesday. This comes as the platform began its full trading after progressing from the beta stage, with the move made possible following a community vote.  dYdX Chain progresses to full production trading The dYdX Chain’s mainnet beta went live on November 14, with trading available across 33 markets and offering leverage of up to 20x. The platform recorded more than $1.86 million in trades across some 14k transactions over the two weeks. 1/ Trading and Launch Rewards are live on dYdX Chain! ✨ Traders can now earn rewards when they use dYdX Chain available via the @dydx_ops_subdao! Let’s dive into the details:https://t.co/MGiRUzBSMV pic.twitter.com/Bin...

Cardano founder Charles Hoskinson outlined recent developments and strides on the blockchain.  Hoskinson said Cardano aims to power true Web3 applications.  The founder said Cardano is still committed to investing in Africa, despite recent challenges. In a recent AMA session, Charles Hoskinson, founder of the Cardano blockchain and reputed member of the cryptocurrency community, highlighted recent developments and strides on Cardano.  During the unexpected AMA on Sunday, Hoskinson reiterated that the Cardano blockchain is still on the right path. According to the founder, the blockchain has grown since its 2021 Cardano summit, with NFTs and projects like Indigo and Djed powering several applications. Furthermore, he noted that Cardano aims to support dozens of chains that work together to power “true Web3 applications.” He continued by saying that 2023 is the year governance on Cardano is built, while the full effects are expected to come in...

In a groundbreaking feat, Euler Network’s (EUL) rapid $3 million fundraising in just 24 hours has sent shockwaves through the cryptocurrency landscape. This article explores how Euler Network is poised to reshape the future of cryptocurrency, drawing comparisons with giants like Bitcoin (BTC) and Ethereum (ETH). Bitcoin Struggles with Scaling Up Bitcoin, the pioneer in the cryptocurrency realm, faces challenges with scalability and sustainability. Euler Network, with its advanced technology and Proof-of-Stake consensus mechanism, positions itself as a scalable and eco-friendly alternative. As Bitcoin grapples with energy-intensive mining practices, Euler's sustainable approach becomes a key differentiator, potentially influencing the broader crypto community's stance on environmental responsibility. Ethereum Charges Ahead with Smart Contracts Ethereum revolutionised the crypto space with the introduction of smart contracts. Euler Network, however, is not content wi...

Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares. The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.  According to the Analysis , crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US. Bitcoin ETPs record $312 million in inflows As total crypto ETPs inflows hit $346 million, the...

Hong Kong Police and SFC investigate Hounax, a non-licensed crypto exchange , after receiving 145 reports of fraud. Following the arrest of several individuals linked to the JPEX cryptocurrency fraud, another Hong Kong-based virtual asset trading platform, Hounax, has experienced a rug pull. According to local reports, the Hong Kong Police have received reports from 145 victims, involving a total loss of approximately HK$148 million. You might also like: DOJ doc details length of Binance founder Changpeng Zhao’s possible prison sentence The Securities and Futures Commission (SFC) of Hong Kong revealed that they had received 18 complaints related to Hounax, with the amount involved ranging from HK$12,000 to as high as HK$10 million. Julia Leung, the CEO of the SFC, clarified that Hounax is not a licensed virtual asset trading platform and has not applied for a license from the SFC. Consequently, the SFC lacks the authority to halt its operations but has included the platfor...

Tech entrepreneur and billionaire Mark Cuban expressed interest in a transformative crypto real estate project to integrate smart contracts and non-fungible tokens (NFTs) to facilitate construction and urban development. This development follows a proposal by Jason Calacanis, a serial entrepreneur, to build ten new cities across the US, each housing a million units. These cities are envisioned to redefine urban living with an emphasis on sustainability and affordability. Cuban’s vision for crypto-driven real estate Cuban took the conversation a step further. The billionaire investor’s proposal involves utilizing a blockchain -based smart contract that operates on a layer-2 scaling solution to ensure privacy and efficiency. So you are saying you will have written a smart contract on a ZK L2 which will check for a construction permit being issued , which in turn will create and send me an NFT that unlocks and delivers 250k in USDC when the oracle checks property and uti...

BRICS member India’s local currency the Rupee is falling to a new low on Monday against the US dollar. The Indian Rupee plummeted to 83.38 as the US dollar gained strength against all the BRICS local currencies this month. The Rupee is relentlessly experiencing a dip due to various factors including local and international financial pressure. Despite India’s thriving economy, the Rupee’s lackluster performance in the currency market is a cause of worry for the Modi administration. Also Read: BRICS: De-Dollarization Gaining Steam in Developing Countries Source: Google BRICS: What’s Happening With the US Dollar and the Indian Rupee? Source: Bloomberg The Rupee ’s fall comes after leading global banks and traders were seen bidding for the US dollar and not the Rupee . The move was most likely initiated on behalf of institutional and custodial clients of the global banks. The result led the Rupee to become “sticky in the 5-10 paisa zone near 83.30” said a tr...

This week, Binance agreed to a $4.3 billion settlement and saw founder Changpeng Zhao exit as CEO; the U.S. SEC levels charges against Kraken; and HECO Bridge, another venture affiliated with Justin Sun, suffered an $85 million hack. Binance troubles On Nov. 20, the U.S. Department of Justice (DoJ) proposed a $4 billion settlement with Binance, addressing allegations related to money laundering and sanction violations. Binance founder Changpeng Zhao resigned due to the criminal charges. Uncertainty regarding extradition emerged, as Zhao currently resides in the United Arab Emirates. Binance’s influence within the crypto sector is still undeniable; Blur’s recent listing on Binance, for example, triggered an upward move in its price. The aftermath Meanwhile, Binance’s BNB token plummeted 9.2% in 24 hours. Binance also witnessed outflows amounting to $1.3 billion in a seven-day period amid the reports. In a Nov. 23 report, CryptoQuant confirmed that some of these fu...

BRICS countries Russia, China, and India are looking to replace the US dollar with local currencies for global trade. China is advancing in convincing other developing countries to ditch the US dollar and settle cross-border transactions in local currencies. The Communist nation has convinced Saudi Arabia, Pakistan, Russia, India, and other African countries to pay the Chinese Yuan and not the US dollar for bilateral trade. Also Read: Argentina Has No Interest in BRICS, Says President’s Top Aide On the other hand, Russia is bypassing US sanctions by selling crude oil at discounted rates to developing nations. BRICS member Russia is asking other countries to settle oil payments in the Chinese Yuan or the Ruble. Additionally, India is signing new trade agreements with the UAE and other countries to pay the Rupee for global trade and not the US dollar. The developments indicate that the three BRICS countries want to put their local currencies first and not the US dollar. So wil...