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Bitcoin Could See A Huge $2.4 Billion Inflow in 2024: VanEck Predicts VanEck predicts a $2.4B surge in Bitcoin ETFs in 2024, expecting record highs and major crypto market changes. A big investment company, VanEck, has made a surprising prediction, they predict a huge $2.4 billion rush into Bitcoin ETFs (funds linked to Bitcoin) in early 2024. This is due to the expectations of the first real Bitcoin ETFs, which could change the cryptocurrency market. People are more interested in assets like Bitcoin, which the U.S. government can't easily control. Bitcoin doesn't follow normal market trends and is tough making it to be seen by investors as a strong investment. Even though it might be up and down a lot, experts think Bitcoin will stay above $30,000 in early 2024. They also expect a rise in price which could come after a smooth Bitcoin "halving" in April 2024 (when Bitcoin rewards drop), #cryptocurreny #cryptoexpert@Ksrawat #BinanceTournament #ETFTrends $BTC $ETH $SOL

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UK Parliamentary Committee urges further evaluation of digital pound benefits, risks Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound. The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize. While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks. Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues. #cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery

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South African financial regulator may license 36 crypto companies in December The FSCA will review an additional 22 applications in February Another 14 applications are scheduled for evaluation in March Out of 128 applications from crypto service asset providers (CASPs), South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has decided to review only 36 during its upcoming Licensing Executive Committee meeting on 12 December. The FSCA will review an additional 22 applications on 13 February, while another 14 applications are scheduled for evaluation on 12 March. Last week, the FSCA also released its "Crypto Assets Markets Study" for 2023. The survey revealed that roughly 46% South African CASPs earn an annual revenue ranging from 1 to 50 million South African rand ($53,000 to $2.7 million). Moreover, only 8% of all CASPs generate more than 100 million rand ($5.4 million). Additionally, the highest monthly transaction value in the South African crypto market occurred in November 2022, reaching over 8 billion rand (approximately $427 million). Notably, in July of this year, the FSCA had issued a warning emphasizing that every CASP in the country must acquire a license by the year's end. The regulator has signaled its intention to take "enforcement action" against those operating without a license post-deadline, potentially involving fines or even closure. #cryptoexpert@Ksrawat #BitcoinNews #cryptocurreny #TradingOpportunities $BTC $ETH $SOL

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BONE and SHIB soar as Shibarium's daily transactions record new high.. Shibarium’s daily transactions hit a new high of 5.1 million on 1 December SHIB's value increased by 8.3% in the past 24 hours, BONE surged over 26.2% in the last seven days Last week, the Bone ShibaSwap token (BONE), a popular token within the Shiba Inu (SHIB) ecosystem, experienced a double-digit surge. Additionally, SHIB, the network's primary token, also displayed positive momentum. CoinMarketCap data indicated that BONE surged over 26.2% in the last seven days. At the time of writing, it was trading at $0.7826 with a market cap exceeding $195 million. Meanwhile, SHIB's value increased by 8.3% in the past 24 hours, reaching $0.00000919, with a market cap surpassing $5 billion. Notably, the surge in the prices of both tokens may be linked to Shibarium's recent success, marked by a new daily transaction record of 5.1 million on 1 December. As per data by Shibariumscan, this figure further skyrocketed, reaching 7.4 million on 2 December, signifying a rapid surge in daily transactions. Moreover, the total count of wallet addresses on Shibarium reached 1.27 million. #cryptoexpert@Ksrawat #CryptoExpert #Bitcoinfees #TradingOpportunities #BinanceSquareAnalysis $BTC $ETH $SHIB

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Polkadot faces challenges as traders take bearish stance despite price surge. The percentage of short positions rose from 49% to 55% in recent days This indicates a substantial number of traders anticipating a decline in DOT's price Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin. According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price. The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot. However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT. #cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto

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Jaunākās ziņas

Renzo Team Focuses On Enhancing Liquidity Re-Staking Protocol

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US Government Holds Over 50,000 ETH Worth $124 Million

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Cartridge Secures $7.5 Million In Series A Funding Led By Bitkraft Ventures

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Capula Management Discloses $500 Million Bitcoin ETF Holdings

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ZetaChain Mainnet Beta Now Supports Polygon and Its Active Wallets

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