Markets

Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in crypto intend to increase their allocations for digital assets in the next...

TL;DR Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market. Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets. Cryptocurrency Price Impact: The...

TL;DR XRP’s Price Fluctuation: Ripple’s XRP has seen price fluctuations between $0.61 and $0.70, leading to various expert predictions. Analysts’ Predictions for XRP: Analyst Dark Defender predicts a more than 30% increase in XRP’s price to reach $0.87 by the end of the week, while EGRAG CRYPTO suggests a potential rise to $1.40 by the end of 2023, contingent on overcoming major resistance levels. “God Candle” Forecast: Analyst Tony “The Bull” speculates that XRP might form a...

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

Leading U.S. crypto exchange Coinbase has launched a new protocol for on-chain payments. The new open-source Onchain Payment Protocol is an update to Coinbase’s Commerce product. According to a blog post, the new protocol will simplify and standardize on-chain payments for currencies available on Base, Polygon, and other Ethereum Virtual Machine networks, offering volatility-free payments and low transaction fees. Coinbase’s New Protocol for On-Chain Payments Coinbase...

Digital asset manager CoinShares announced securing an exclusive option to acquire Valkyrie Funds – the exchange-traded fund (ETF) division of Valkyrie Investments. The strategic acquisition option represents the next phase of CoinShares’ penetration into the US market, following the launch of CoinShares Hedge Fund Solutions in September this year. The option for CoinShares to acquire Valkyrie Funds is currently active and will be in force until March 31, 2024. However, the...

The innovative new platform Bitcoin Minetrix (BTCMTX) has raised over $4 million on presale as investors clamor to get involved before the token hits the open market. This hot new Stake-to-Mine platform allows users to earn BTC rewards passively – and is already being touted as the next 10x token in the presale space. Exploring Bitcoin Minetrix’s Stake-to-Mine Model Bitcoin Minetrix’s Stake-to-Mine model allows users to stake Bitcoin Minetrix (BTCMTX), the platform’s native...

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction. Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All...

[PRESS RELEASE – New York, USA, November 17th, 2023] New features include ‘Buy Now Pay Later’, ‘Sell and Repay’, ‘Refinance Lockups’, ‘Flexible Principal’,’Gondi Vaults’, ‘Loan Extensions’, and ‘Flash Actions’ NFT lending protocol Gondi launched V2 of its protocol on November 16th, 2023, providing lenders and borrowers with expanded credit options and increased capital efficiency across the board. Gondi V1 was launched in July 2023 as a proof of concept for a more...

Crypto startup investment company Republic has selected Avalanche as the blockchain to launch its native token, the Republic Note, as part of its mission to democratize private market investing. According to an announcement seen by CryptoPotato, Republic chose Avalanche for the launch due to the network’s scale, speed, and customizability, with intentions to expand its footprint to a subnetwork next year. Republic Picks Avalanche for Token Launch The Republic Note has...