Month: November 2023

Analyst likens upcoming XRP run to Bitcoin

boss

In a Nov. 30 YouTube video, popular crypto analyst “DustyBC” shared his continued bullish perspective on XRP despite some recent technical issues experienced by exchanges like Binance and Ledger. Shifting to price action, the analyst drew comparisons to XRP’s performance during Bitcoin’s last bull run in 2017. With Bitcoin up 250% from its 2017 high while XRP remains down 33%, he believes external factors like SEC litigation have suppressed XRP’s price. Now with the SEC case seemingly nearing conclusion, the analyst thinks it’s a matter of time before XRP sees…

Celsius Network Allows Withdrawals for Qualified Custody Clients

Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time. Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform. Celsius which previously stopped withdrawals on its platform declared Chapter 11 bankruptcy in July 2022. Since then, many customers lost access to their assets. According to a court document, roughly 58,300 users hold “custody assets” valued at around $210 million on the platform. Celsius’ Clients…

Algorand Expands Its Presence in India with Key Partnerships

Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA).  Blockchain protocol Algorand (ALGO) has announced its expansion into India through major collaborations with prominent organizations including NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Algorand’s Impact Strengthened by New Collaboration Under collaboration with NASSCOM, Algorand aims to harness the Web3 capabilities of the youth through the FutureSkills Prime skilling hub. This initiative will contribute to the development of a skilled workforce…

Gary Gensler Is Believed to Be Politician Masquerading as Regulator

As a Democratic-affiliated SEC Commissioner, Gary Gensler has shifted his regulatory role to a politician seeking to be appointed as Treasury Secretary according to some Congressmen. The nomination of the 33rd Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler on April 17, 2021, was viewed as a huge relief in the crypto space. Nearly three years later, the former Goldman Sachs Investment banker has turned against the crypto in what seems like pleasing the Oval Office for future favors. In a recent detailed piece by news…

Bitcoin Whales Ready To Push Price Above $40,000? Data Throws Clues

boss

The Bitcoin price has been steadily moving around its current range as 2023 comes to an end. Recent data cast light on the current market structure and what could trigger an extension in the bullish momentum. As of this writing, Bitcoin (BTC) trades at $37,900 with a 1% loss in the last 24 hours. Over the previous week, the cryptocurrency has traded in the green as other assets recorded small losses, except for Solana (SOL) and Dogecoin (DOGE). BTC’s price trends to the upside on the daily chart. Source: BTCUSDT…

Binance launches pilot program for bank custody of collateral

boss

Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk. Binance trading interface. Source: Binance. According to the announcement, the program allows institutions to hold collateral at a third-party bank instead of depositing it to the exchange. This “replicates a framework common in traditional financial markets, which enables investors to proportion their crypto-asset allocation based on their risk tolerance,” the announcement stated. Collateral can be held in the…

Robinhood (HOOD) Extends Trading Services To The UK

boss

Robinhood, a major player in the United States financial technology industry is set to stretch out its trading services in the United Kingdom for the purpose of growing its business globally. Robinhood To Offer US Stock Trading In the UK Co-founder and Chief Executive Officer (CEO) of Robinhood Vladimir Tenev confirmed the expansion toward the UK sector in an interview with Bloomberg. According to the CEO, the expansion aims to bring the US stocks into the UK market. The CEO stated: The intention is, for the U.K. market, Robinhood to…

Bitcoin eyes best November since 2020 as PCE fails to move BTC price

boss

Bitcoin (BTC) brushed off fresh United States macro data into the Nov. 30 Wall Street open as traders focused on the monthly close. BTC/USD 1-hour chart. Source: TradingView PCE keeps Fed pivot pressure alive Data from Cointelegraph Markets Pro and TradingView showed BTC price movements sticking to a narrow intraday range below $38,000. After a failed breakout the day prior, hopes were high that the Federal Reserve’s “preferred” inflation metric, the Personal Consumption Expenditures (PCE) Index, would help fuel volatility. This, however, had not come to pass at the time…

Microstrategy (MSTR) Bought Over $600M of Bitcoin in November, Now Holds 174,530

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…