Day: November 25, 2023

Top 3 affordable cryptos to consider in December

Crypto investors seeking affordable options can look at Galaxy Fox (GFOX), Dogecoin (DOGE), and Cardano (ADA) this December.  Galaxy Fox is a new player, Dogecoin is often considered a favorite, and Cardano has earned praise for its technology and community.  In this article, we will explore these three options. Galaxy Fox Galaxy Fox can be considered as an investment option this December. Its token, GFOX, is deflationary, meaning its supply decreases over time, leading to more scarcity.  In addition, Galaxy Fox offers a play-to-earn (P2E) gaming experience. Players can earn real…

Victory Securities gains approval by Hong Kong SFC

In a Nov. 24 announcement, the Hong Kong-based securities firm Victory Securities has shared the news that it has secured official approval from the Hong Kong Securities and Futures Commission (SFC) to offer virtual asset trading and consulting services to retail investors.  According to the firm’s executive director, Chen Peiquan, this makes it the first licensed corporation in Hong Kong to be given permission to offer such services to retail investors. Peiquan says these developments highlight growing interest in virtual assets, noting in the announcement that “the amount of virtual…

Ripple (XRP) price analysis hints at a possible upsurge: What do experts predict?

Current bullish indicators in Ripple XRP price prediction suggest a potential rise in its short-term value. How far will it go? XRP, the digital currency associated with the company Ripple, has been experiencing a dynamic phase, marked by both gains and fluctuations.  XRP’s value saw notable changes over the past month. It first experienced a drop amid Binance news which saw its ex-CEO Changpeng Zhao’s exit and XRP fell to around $0.58 on Nov. 22, however, it has made a swift recovery as of Nov. 24 and is trading at…

UK regulator advocates for asset managers to tokenize funds

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Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems. In a recent report published by The Investment Association (IA), it argued that fund tokenization – issuing tokenized units or shares on distributed ledger technology (DLT) – will lead to a more efficient and transparent financial industry.  In particular, the use of a real-time record keeping system shared across all parties servicing the fund will reduce the fund administration costs, simplify the reconciliation process, as well…

Crypto Fund Exits BLUR For Lido And IMX—Endorsing DeFi?

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According to Lookonchain data, Sigil, a fund in Gibraltar, has exited BLUR, one of this week’s top-performing tokens, for Lido DAO’s LDO, and IMX, the native token Immutable X–a layer-2 scaling solution primarily dedicated to NFT trading. Sigil Fund Sells BLUR For IMX And LDO  On November 24, Lookonchain, a crypto analytics platform, noted that Sigil sold 1.55 million BLUR for 807,799 IMX, worth roughly $1.14 million, and 210,905 LDO, trading at $540,000, at spot rates. The exchange was made via multiple transactions and done on-chain. The swap comes roughly three days…