Day: November 17, 2023

Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps

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DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin (BTC) swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as a “native, decentralized and permissionless manner.” The integration is set to include Sushi’s v2 and v3 automated market makers and Sushi’s cross-chain swap, SushiXSwap. ZetaChain core contributor Ankur Nandwani told Cointelegraph that the partnership can bring Bitcoin’s…

What is PIVX, and why is it 160% up this week?

Cryptocurrency PIVX (PIVX) has seen a meteoric rise in price over the past week, leaving many in the crypto community wondering — what is PIVX and what is causing this massive surge? PIVX is a privacy-focused cryptocurrency that uses advanced cryptography protocols to protect users’ financial data and provide anonymity. It was launched in January 2016 as a fork of Bitcoin and Dash, with the goal of creating a decentralized, community-governed cryptocurrency focused on financial privacy through features like stealth addresses and anonymous transactions. Over the past week, PIVX has…

Avalanche Bulls Are Just Getting Started

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AVAX price rallied over 50% and climbed above $22.50. The price might correct lower but there could be more upsides above $25. AVAX price is showing a few positive signs above the $20 level against the US dollar. The price is trading above $22 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $20.50 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if there is a clear move above the…

Singapore central bank to trial live wholesale CBDC for settlements

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A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements.  “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to instantaneously settle payments across commercial banks,” MAS Managing Director Ravi Menon said on Nov. 16 at the Singapore Fintech Festival. The MAS had previously only simulated the issuance of a CBDC in test environments, Menon said the central bank would soon partner with…

CoinShares eyes acquisition of Valkyrie Funds to expand into U.S. crypto ETF market

CoinShares has announced an option to potentially acquire Valkyrie Funds, signaling a strategic move to extend its footprint in the U.S. cryptocurrency ETF landscape, pending regulatory approvals. CoinShares, a renowned name in cryptocurrency investments, has recently announced its plan to potentially acquire Valkyrie Funds, an investment advisory business specializing in crypto Exchange-Traded Funds (ETF). This announcement, made via a press statement on Thursday, marks a pivotal moment in the evolving landscape of crypto-focused investment products. The deal, which includes an exclusive option to acquire Valkyrie Funds, active from Nov. 16…

Ethereum Price Holds Ground – Indicators Suggest Fresh Surge To $2,120

Ethereum price corrected lower and tested the $1,935 support. ETH is likely forming a double-bottom and might start a decent increase. Ethereum reacted to the downside and tested the $1,935 support. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support near $2,025 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely forming a double-bottom pattern and might outperform Bitcoin. Ethereum Price Revisit $1,935 After facing rejection near the $2,090 zone, Ethereum…

Bitfinex Securities partners with Mikro Capital to pioneer tokenized bond

In an announcement shared with crypto.news on Nov. 15, Bitfinex Securities Ltd, the first global digital asset platform licensed and registered in the AIFC, has shared the news of its new tokenized bond, which has since gone live. The accompanying capital raise is set to run for two weeks, starting on the same day as the announcement was made. On the liquid network The pioneer tokenized bond, ALT2611, is a 36-month, 10% coupon bond denominated in USDt, issued by Alternative, a Luxembourg-based securitization fund under the management of Mikro Kapital.…

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…