#Bitcoin Price Flying, Reaches IDR 588 Million!

The price of bitcoin reached a new high for 2023 on Friday (24/11/2023). It was recorded that the crypto asset reached a value of US$ 37,862.76 (Rp. 588 million).

This is the first record since May 2022, according to Coin Metrics. It is on pace to end the week higher by 3.9%.

Meanwhile, ethereum has moved back above the key psychological level of US$ 2,000, last trading 1.8% higher at US$ 2,104.14 (Rp. 32.6 million). The second largest crypto token by market capitalization is accelerating at a speed of more than 8%.

Solana, the year's top performer, is up more than 476% compared to bitcoin's 130%, trailing the major token this week. Prices are just below the flat line for the week.

Coinbase, Binance's main rival, also hit a high of US$ 116.94 (Rp. 1.8 million) for the first time since May 2022. Coinbase last traded higher by 5.4% at $115.14.

Elsewhere in crypto equities, Microstrategy's bitcoin proxy rose 2.4%. Bitcoin miners are also surging. The biggest gains came from Iris Energy and CleanSpark, which rallied 12% and 14.8%, respectively.

#BTC #rose #ETH

Bitcoin Price Soaring, Hits IDR 588 Million!

The value of bitcoin surged to a fresh peak for 2023 on Friday (24/11/2023). It was documented that the digital currency attained a worth of US$ 37,862.76 (Rp. 588 million).This marks the initial milestone since May 2022, as per Coin Metrics.

It is set to conclude the week with a 3.9% upward trajectory.Meanwhile, ethereum has reclaimed its position above the pivotal psychological threshold of US$ 2,000, trading 1.8% higher at US$ 2,104.14 (Rp. 32.6 million).

The second largest cryptocurrency by market capitalization is accelerating at a rate surpassing 8%.Solana, this year's standout performer, has soared over 476% compared to bitcoin's 130%, trailing slightly behind the primary token for this week.

Prices are hovering just below the neutral line for the week.Coinbase, the primary competitor of Binance, also achieved a peak of US$ 116.94 (Rp. 1.8 million) for the first time since May 2022.

Coinbase concluded its last trade with a 5.4% increase at $115.14.In other cryptocurrency stocks, Microstrategy's bitcoin surrogate rose by 2.4%. Bitcoin miners are experiencing a surge as well. The most significant increases came from Iris Energy and CleanSpark, rallying by 12% and 14.8%, respectively.

#BTC #btcsoaring #BTCupdate

$ETH $BTC Richard Teng: Who is the new boss of Binance?
#BinanceBlockchainWeek #btcbullish #ceobinance

Changpeng "CZ" Zhao's sudden resignation has taken the crypto world by storm. But who is Binance's new boss, Richard Teng? A native of Singapore, Mr Teng joined the world's largest crypto exchange a little more than two years ago as chief executive of Binance's Singapore business. That was the year Binance became the subject of a Justice Department investigation, and as regulatory scrutiny of the company and Mr Zhao intensified, Mr Teng rose quickly through the ranks behind the scenes.

In announcing his successor, Mr Zhao called Mr Teng a “highly qualified leader”, adding that “with more than three decades of experience in financial services and regulation, he will guide the company through its next period of growth”. Prior to joining Binance, Mr Teng worked in the more traditional financial and regulatory sectors as director of finance at the Monetary Authority of Singapore (MAS) and chief regulatory officer at the Singapore Stock Exchange (SGX). He then moved to become chief executive at Abu Dhabi Global Market (ADGM), an international financial center in the United Arab Emirates, where he remained for six years. ADGM regulates digital asset trading.

In March, US regulators attempted to ban the company, alleging it had been operating illegally in the country. The company is also accused of violating a number of US financial laws, including rules intended to prevent money laundering. The Department of Justice later ordered Binance to pay $4.3 billion (£3.4 billion) in fines and disgorgement.

Nonetheless, Mr Teng has insisted that Binance is "here to stay", adding that the company's foundations are "stronger than ever".

https://www.google.com/amp/s/www.bbc.com/news/business-67493289.amp