✏️Fresh cryptocurrency news at the end of October 2024
🏞️ Ukraine is actively integrating into the world of cryptocurrencies. The National Securities and Stock Market Commission (NCSC) held its first crypto workshop, demonstrating the country's ambition to become an important player in the sector. This is in line with recent reports that Ukraine ranks second in Eastern Europe in terms of the volume of crypto transactions. Meanwhile, Stripe has acquired a startup called Bridge, which could expand the integration of cryptocurrencies into the financial ecosystem.
📗 Significant events are taking place at the global level. The US Federal Reserve is discussing the possibility of taxing or restricting the use of Bitcoin. At the same time, large institutional investors, such as Morgan Stanley, are actively investing in spot bitcoin ETFs, increasing their investments to $272 million. There is increased volatility on crypto exchanges: in the last day, liquidations amounted to more than $524 million, mainly on Binance and OKX.
📙Binance has also implemented warnings to users about the risks associated with changes to the tokennomics of a number of coins to increase transparency and minimize risks for investors. Among the active developments in the market is Bitwise's attempt to launch the first spot ETF based on XRP, which is attracting the attention of regulators and investors.
📒Thus, the cryptocurrency market remains dynamic and under the influence of both local initiatives and global regulatory changes, which creates both new opportunities and challenges for market participants.
🅰️🗣️Disclaimer:
The content of this publication does not constitute financial advice. Always do your own research.
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