South Korea's largest mobile operator SK Telecom has entered into a partnership with Aptos and Atomrigs Lab to offer a secure and seamless Web3 user experience.

Why Now is a Good Time To Buy Bitcoin Based On This Key Metric – Weekly RSI

itcoin (BTC) has been on a tear over the past month, rising 26% and breaching the critical $35,000 level.
However, given the scale of Bitcoin’s surge, investors are wondering whether now is a good time to get involved or whether it’s best to wait on the sidelines for a clearer entry point.
This article explores the technical elements of Bitcoin, focusing on the weekly Relative Strength Index (RSI) to gauge whether the current levels present a buying opportunity.

#CryptoEcosystems #BinanceBlockchainWeek #Web3Wallet #BNBecosystem #BullRun $BTC $BNB $USDC

Is it a good time to invest in MATIC? $MATIC

Looks like it is. Saw the following new article in BinanceSquare 🤩🤩🤩🤩

But always DYOR before investing.

#CryptoEcosystems #CryptoClimb #MATIC/USDT #CryptoTradingTip #CryptoYieldsSkyrocket

ADAUSDT

LONG

Leverage 20x

Entry 0.3797

Target
0.3815
0.3834
0.3872
0.3910

Stoploss
0.3493

#Poloniex #CryptoEcosystems #CryptoYieldsSkyrocket #CryptoLegalVictories #BinanceBlockchainWeek $BTC $ETH $USDC

The Securities and Futures Commission (SFC) of Hong Kong set out business requirements for offering tokenized securities and other investment products in a circular published on November 2, 2023. The circular provides guidance on a variety of topics, including:

Eligibility: Only SFC-licensed corporations and brokers can offer tokenized securities and other investment products.

Disclosure: Providers must disclose all relevant information about the tokenized product, including the underlying asset, the risks involved, and the terms and conditions of the offering.

Custody: Providers must arrange custody of the underlying assets and tokens.
Compliance: Suppliers must comply with all applicable laws and regulations, including those related to anti-money laundering and anti-terrorist financing.

The SFC has also stated that providers should not use public blockchain networks without permission without additional and appropriate controls.

The SFC's decision to regulate tokenized investments is a positive step for market development in Hong Kong. It demonstrates the SFC's commitment to innovation and its willingness to work with industry to develop a regulatory framework that supports responsible growth.

The intention to tokenize investment products authorized by the SFC is linked to growing market demand and the Government's willingness to facilitate market development. Tokenization has the potential to make investment products more accessible and efficient, and to reduce costs and risks.

The SFC's new requirements will help ensure that tokenized investments are offered in a safe and responsible manner. This is important to protect investors and build confidence in the market.

#CryptoEcosystems #Regulation

EU Parliament Approves Data Act with Smart Contract Control: Implications for Crypto

The European Parliament has endorsed the Data Act (DA), a legislation regulating data practices in the EU. Notably, it introduces a controversial "smart contract kill switch" provision, allowing regulators to disable smart contracts deemed a threat to financial stability.

Key Points:

1. The Data Act regulates data collection, sharing, and usage in the European Union.

2. Designed to safeguard EU citizens' data privacy and security, it includes several provisions.

3. The contentious "smart contract kill switch" empowers regulators to deactivate contracts endangering financial stability.

4. Proponents argue it's necessary to mitigate risks posed by smart contracts, citing potential fraud and market manipulation.

5. Opponents claim the provision undermines crypto decentralization and may stifle innovation.

6. The DA is set to take effect in 2024.

7. Implementation details of the smart contract kill switch remain unclear, posing potential significant impacts on the crypto ecosystem.

In my personal opinion the DA's smart contract kill switch provision raises concerns about regulatory control and its impact on the decentralized nature of cryptocurrencies.

#NewsAlert #CryptoEcosystems #ETH #BinanceSquare

Over 361M SHIB Burnt This Week Amid Shiba Inu Price Rally$SHIB Shiba Inu, an Ethereum-based altcoin, is once again gaining significant traction in the world of cryptocurrencies as the coin is witnessing a price surge as of today, November 11.

Subsequently, as of writing, the Shiba Inu burn rate witnessed a substantial decrease and caught the eyes of crypto enthusiasts globally.#ShibaSurge #MEME+2 #CryptoEcosystems

BREAKING NEWS 🚨🚨

Robinhood set to introduce #Bitcoin  and cryptocurrency trading in the European Union and United Kingdom.🔥🚀

Robinhood's entry into the European and UK cryptocurrency markets will likely increase competition for existing players, such as Coinbase and Binance. It could also lead to increased adoption of cryptocurrency in these regions

#BTC Price; Now holding comfortably above $36170 resistance. No worry as long as price hold above $36170 for Targets $40,000-$43000-$48000. #Bitcoin $BTC #BinanceBlockchainWeek #CryptoEcosystems #ETH #BlackRock’s

GMO LLC, the asset management firm co-founded by veteran investor Jeremy Grantham, will launch its first exchange-traded fund (ETF) on Wednesday.

#etf #CryptoEcosystems

#MyFirstFeedPost Hello, Binance Square!

#Greetings from the Ze #Queen #crypto.

What is the best thing in #Digital world?
#CryptoEcosystems

#Web3Wallet

$BTC $ETH $BNB

#CryptoEcosystems The crypto ecosystem encompasses a broad range of digital assets, blockchain technology, exchanges, wallets, developers, users, and various applications built on blockchain platforms. It's a dynamic and rapidly evolving space with diverse stakeholders, including investors, traders, developers, and regulators, all contributing to its growth and development.

$ENA

$
Cryptocurrency, the digital darling of the financial world, has stirred up quite a storm since its inception. Let's take a closer look at the highs and lows of this decentralized phenomenon.
Pros:
1. Decentralization: One of the primary attractions of cryptocurrencies is their decentralized nature. Operating on a blockchain, they eliminate the need for a central authority, providing users with more control over their financial transactions.

2. Global Accessibility: Cryptocurrencies transcend borders, enabling anyone with an internet connection to participate. This opens up financial opportunities for the unbanked and underbanked populations, fostering financial inclusion on a global scale.

3. Security: Blockchain technology, the backbone of cryptocurrencies, ensures a high level of security. Transactions are encrypted and linked in a way that makes altering the data nearly impossible. This helps protect against fraud and enhances the overall security of the financial system.
Lower Transaction Costs: Traditional financial transactions often involve intermediaries and hefty fees. Cryptocurrencies, with their decentralized structure, can significantly reduce transaction costs, making it more cost-effective for users.

Cons:
1. Volatility: Cryptocurrency markets are notorious for their extreme price volatility. While this volatility presents opportunities for substantial gains, it also poses a significant risk, with the potential for sharp and unpredictable price declines.
Regulatory Uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies. The lack of clear regulations can create uncertainty for users and businesses operating in the crypto space, leading to legal and compliance challenges.

2. Limited Adoption: Despite gaining popularity, cryptocurrencies are not yet universally accepted as a means of payment. Limited adoption by mainstream businesses and the lack of widespread understanding hinder the seamless integration of cryptocurrencies into daily transactions.

#BTC #pepe #Crypto #hazucci_ #CryptoEcosystems

Reports from undisclosed sources suggest that Kraken, a prominent U.S.-based cryptocurrency exchange, is purportedly in talks with leading blockchain technology firms to potentially create its own layer 2 network. This strategic move mirrors the steps taken by its competitor, Coinbase, which recently unveiled its layer 2 network, Base.
Allegedly, Kraken is exploring potential partnerships with industry players such as Polygon, Matter Labs, and the Nil Foundation. However, these discussions have not been officially disclosed. When approached for comments, a Kraken spokesperson maintained a reserved stance, emphasizing the company's continual exploration of new industry possibilities and challenges.
Several major players in the cryptocurrency sector, leveraging their established user bases, have ventured into blockchain development. For instance, Coinbase rolled out Base, utilizing Optimism's OP Stack technology. Despite its recent launch, Base has demonstrated strong performance and currently holds a prominent position in terms of total value locked (TVL) within the Layer 2 landscape.
Kraken's prospective collaborations with Polygon, recognized for its Ethereum scaling solutions, and Matter Labs, the innovator behind the zkSync layer 2 network, reflect the exchange's growing interest in layer 2 solutions and on-chain scaling. This inclination is further evidenced by Kraken's recent job posting for a Senior Cryptography Engineer.

$HIFI

📈 #HiFiUSDT Update 🚀
Potential #ElliottWave 4 in play, signaling an upward push towards the nearest target of 1.16.

📈 If the last swing high is breached, confirmation of Elliott Wave 5 could lead to higher prices – eyeing 1.5, 1.6, or 1.7.

⚠️ Caution: Possible Dleg 2.2 extension down to 0.6833. Set a stop at Xleg around 0.7022.

#CryptoEcosystems #TradingSignal #TechnicalAnalysis #cryptonews