Day: November 17, 2023

CoinShares gets buying rights to Valkyrie’s crypto ETF unit

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European digital asset management firm CoinShares secured the exclusive option to acquire the exchange-traded fund (ETF) unit of its United States competitor Valkyrie Investments, including the Valkyrie Bitcoin Fund that’s awaiting approval in the U.S. CoinShares said on Nov. 17 that the move helps it expand to the U.S., which could soon become the epicenter for ETF offerings. The firm’s CEO Jean-Marie Mognetti added he hopes the Valkyrie acquisition will help it capitalize on what is currently a fragmented global ETF market. “The establishment of crypto spot ETPs in Europe…

Analyst says XRP may see huge boost in coming days

A popular crypto YouTube personality known as The Bearable Bull predicts major changes are coming for XRP and the broader crypto market around Nov. 19. In a video posted on Nov. 16, the influencer pointed to an important date on the horizon that could trigger a bull run for XRP and other altcoins. He cited the SWIFT global payments network’s plans to fully launch its new ISO 20022 standard on Nov. 19. ISO 20022 is a new messaging standard that allows more data to be included in financial transactions. It…

Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO

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The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR. Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-first oriented and create attractive products to draw newcomers. She added using Web3 and nonfungible tokens (NFTs) as “just another money grab from brands” to create another slate of multi-millionaires “doesn’t seem like a good look” nor a good use of what is an “elegant technology.” “This is…

Ethereum Is No Longer A 20-100X Coin, But Panic Selling Is A Big Mistake

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Ryan Sean Adams, a crypto investor and a vocal Ethereum supporter, notes that some ETH holders are panic selling and diversifying into layer-1 altcoins like Solana (SOL) or Cardano (ADA), primarily concerned that the coin may not outperform the market as it did in the last bull cycle when it soared to around $5,000. Ethereum Holders Selling For High-Performing Altcoins In an X post on November 16, Adams said price action, despite these actions, might rapidly change even if ETH is no longer a 20-100X coin in the eyes of venture…

Polygon gas fees spike 1000% amid Ordinals-inspired token craze

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Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS.  In a Nov. 16 X (formerly Twitter) post Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network saying the spike could’ve been due to the launch of a new Polygon-based nonfungible token (NFT) collection. What is going on on @0xPolygon POS chain? 6m transactions in last 24 hrs. 170 TPS on average. 1mn+ MATIC…

Analyst shares recommendations to invest in crypto on a budget

With cryptocurrency prices down significantly from their all-time highs, many are wondering if now is a good time to invest in crypto on a budget. According to popular YouTube crypto analyst Guy from Coin Bureau, the answer is yes. In a recent video, Guy outlines several tips for investing in crypto even if you only have a few dollars to spare. He started by warning viewers to watch out for fees charged by cryptocurrency exchanges, which can eat away at your capital when making small investments. When selecting which cryptocurrencies…

100% DOGE Price Blast Expected

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‘Dogecoin to the moon’ is a saying that anyone in the crypto community is familiar with. This is usually said figuratively in relation to the DOGE price actually surging. But Dogecoin is now actually headed to the moon – literally – after the official account confirmed the first DOGE space mission. Strap In: Dogecoin Is Headed To The Moon On Thursday, November 16, the official Dogecoin account on X (formerly Twitter, confirmed that a mission that will be taking the meme coin to the moon has now been confirmed. The…

Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price

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Ripple Labs has announced plans to integrate Automated Market Makers (AMMs) into the XRP ledger. The decision has left the XRP community feeling uneasy, as they ponder the potential long-term effects of AMMs on the XRP price.  AMMs To Be Integrated Into XRP Ledger Ripple, a global payments network provider has stated its intentions to incorporate AMMs into the XRP Ledger to help improve liquidity. The introduction of AMMs into the XRP Ledger is expected to further develop the Ripple ecosystem by providing enhanced trading efficiency and liquidity. The initiative…