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#Crypto News

Essential Crypto Update: 15 Breaking News Stories Shaping the Digital Currency World Today!

Bitcoin (BTC) Will Be ‘Much Higher By End of Year’ Predicts Analyst

Amid regulatory changes and macroeconomic shifts, Bitcoin shows bullish signs, with analysts optimistic about its trajectory. The upcoming Bitcoin ETF and the halving event in April, which cuts the mining reward, are fueling positive forecasts. A potential slowdown in Federal Reserve rate hikes could further stimulate investment. Technical patterns also indicate a possible breakout, with critical support levels reinforcing the upward trend.

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Spanish regulator opens first crypto-asset advertising case

Spain’s CNMV is investigating Miolos S.L. for possibly breaching new cryptoasset advertising regulations and is also examining ads on the social media platform X for similar violations. This marks the first enforcement action since Spain imposed rules to protect investors and maintain financial system stability, underscoring the wider global regulatory effort to scrutinize the burgeoning crypto market.

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Swiss crypto bank SEBA gets Hong Kong SFC license

SEBA Bank, a crypto-focused Swiss bank, has secured a license from Hong Kong’s Securities and Futures Commission to operate in the region. This license allows SEBA to deal in securities and offer crypto-related services, marking its first foray into the Asia Pacific market. Hong Kong’s stringent licensing regime underscores the city’s commitment to becoming a global crypto financial hub.

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HSBC launching custody service for tokenized securities

HSBC Holdings Plc is gearing up to launch a digital asset custody service for institutional clients by 2024, in collaboration with Ripple Labs-owned Metaco. This initiative complements HSBC’s recent ventures into blockchain, including tokenized gold and the HSBC Orion platform. The move mirrors a wider financial industry trend towards adopting blockchain for practical applications, with digital custody services gaining traction.

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Did XRP give up at $0.7 resistance?

XRP has hit a strong resistance at $0.7, leading to a potential reversal as indicated by the latest candlestick patterns and a high RSI suggesting overbought conditions. The proximity to the short-term moving average and a marked increase in volume at this price point signal a significant sentiment shift among investors, with the potential for short-term support levels to be tested.

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Bank of England unveils plan to regulate digital pound

The Bank of England and the FCA propose regulation for a stablecoin pegged to the British pound, requiring providers to ensure withdrawals at the pound’s value and backing by central bank deposits. This move aims to bolster consumer confidence and prevent crashes like TerraUSD’s. They seek public and industry feedback by February 2024 to shape the UK’s crypto regulatory framework.

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Cogwise Presale Hits $800K – Next AI Coin to Explode?

Cogwise ($COGW) has raised $800,000 in its presale, banking on its AI trading tools and a strong development team. Priced at $0.03, early investors could see over a 2x return with a future exchange price of $0.065. The project urges potential investors to stay informed via their social media channels about this promising intersection of AI and cryptocurrency.

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Robinhood eyes European expansion amid Q3 revenue drop

Amid releasing third-quarter results with a slight revenue shortfall, Robinhood is eyeing expansion into Europe, specifically the UK. The move follows a 29% revenue growth but a notable dip in crypto trading on their platform. Despite regulatory challenges in the UK and adherence to U.S. SEC rules, Robinhood continues to broaden its cryptocurrency offerings, including the recent addition of Shiba Inu.

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X9 Wallet: Redefining the Crypto Wallet Experience for a New Generation

X9 Wallet emerges as a comprehensive solution in the crypto wallet landscape, rivaling industry leaders by offering a secure, user-friendly platform for both Android and iOS users. It supports multiple blockchains and integrates with decentralized exchanges, positioning itself as a versatile gateway to the Web3 ecosystem for managing digital assets efficiently and engaging with DApps seamlessly.

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Cardano’s ADA Surges: What’s Next for the Popular Cryptocurrency?

Cardano’s ADA cryptocurrency has seen a robust recovery, crossing the $0.30 threshold and spurring investor momentum. However, the RSI indicates an overbought condition, hinting at a possible consolidation or correction ahead. Maintaining above $0.32 could signal a further increase, while a dip below could lead to a retraction to key support levels, impacting the current uptrend.

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Trust Wallet (TWT) plunges over 10% as Binance unveils new wallet

Binance has unveiled its “Web3 Wallet” in collaboration with Trust Wallet, causing Trust Wallet’s token TWT to drop by 10%. The wallet, which restricts private key exports and requires Binance KYC registration, utilizes multi-party computation technology. This move follows a notable dip in Binance’s trading volumes and amidst the exchange’s regulatory challenges in Europe.

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Ripple Partners Onafriq For Cross-Border Payments In Africa, UK, Australia, & GCC

Ripple has forged a partnership with Onafriq to create new payment corridors linking 27 African countries with the UK, Australia, and the GCC, aiming to streamline international transfers. This initiative is part of Onafriq’s extensive network strategy, leveraging Ripple’s blockchain to enhance transaction speed, reliability, and cost. The collaboration is poised to advance financial inclusion and economic growth across Africa.

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FTX and Alameda Move $350 Million in Crypto: Are Your Assets at Risk?

FTX and Alameda Research are transferring substantial crypto assets to exchanges, signaling a likely liquidation amidst bankruptcy and legal woes. With $38.5 million moved, this could be part of FTX’s strategy to convert digital assets into cash, including the sale of trust units worth $744 million. Amidst this, ex-CEO Sam Bankman-Fried’s legal battle on fraud charges continues to intensify the drama.

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Robinhood Poised to Launch Crypto Trading in Europe

Robinhood’s Q3 2023 report reveals a revenue drop and an $85 million loss, yet its crypto holdings grew 9% year-over-year. CEO Vlad Tenev eyes European expansion due to favorable regulatory conditions, differentiating from U.S. offerings. This strategy aligns with other firms like Ark Invest, pivoting to Europe amid stringent SEC regulations in the U.S.

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Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance”

Binance launched a Web3 wallet at its conference in Istanbul, offering simplified self-custody across 30 blockchains and connections to dApps. Despite unclear KYC requirements, the wallet employs MPC technology for enhanced security, distributing private key control. Notably, this new feature will not be available to U.S. users, coinciding with Binance’s recent dip in trading volumes amid rising market competition.

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