In an interview with Bloomberg, Robinhood co-founder and CEO Vladimir Tenev said that the app has already opened a waitlist for those who want to get early access. The executive added that the company is set to gradually open its platform to everyone in the U.K. in early 2024. Tenev explained.Continue Reading on Cointelegraph More
Speaking with Cointelegraph, the CEO and co-founder of Canza Finance — a neobank enabling decentralized cross-border payments for Africans — said that Canza’s new DeFi technology, Baki, aims to address this challenge by providing decentralized foreign exchange (FX) for African currencies, enabling slippage-free swaps at central bank rates. It also seeks to create a hub for businesses to participate in intra-African and FX trades at a reduced cost.Continue Reading on Cointelegraph More
The current technical formation on the daily chart is reminiscent of a rising wedge, a pattern that often indicates a continuation or reversal based on the subsequent breakout. Bitcoin’s steadfast approach toward the upper resistance level signals an undercurrent of buying pressure that seeks to disrupt the equilibrium and set a new course for price discovery.A key observation is the proximity of the price to the upper trendline of the wedge. As continues to knock on this pivotal door, traders and investors alike are monitoring for either a definitive breakout to the upside or a rejection that could lead to a retest of underlying support levels.The RSI, a momentum indicator that gauges the speed and change of price movements, remains above the midline, suggesting that bullish momentum has not yet been exhausted. However, it is essential to remain vigilant as the RSI approaches overbought territory, which could presage a potential retracement or consolidation.The moving averages paint a supportive backdrop for the bullish case, with shorter-term averages situated above longer-term ones, indicative of sustained bullish sentiment. Volume, while not overwhelmingly robust, has been sufficient to sustain the gradual ascent, providing a foundation for incremental price increases.Recent price charts reveal a pattern of consolidation for XRP, with the token struggling to establish a clear directional trend. After experiencing a sharp uptick in value, the token has entered a period of ranging, wherein the price oscillates within a relatively stable band. Technical indicators on the daily charts, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), are painting a picture of cautious optimism. The MACD shows the potential for a bullish crossover, suggesting that upward price movement may be on the horizon. However, the RSI, which measures the speed and change of price movements, resides in a neutral zone, hinting at a potential lack of conviction among traders.The support level is currently being tested, and the ability of XRP to maintain this level is crucial. A decisive break below could signal a bearish trend, while holding or bouncing off could reinforce investor confidence, potentially leading to a rebound.The daily chart for presents a narrative of anticipation. After a significant surge, the price has entered a phase of consolidation, characterized by a tightening of price movements between support and resistance levels. A closer examination of the chart reveals that LINK has been printing higher lows, a bullish signal that points to sustained buying interest at each dip. Moving averages are aligned on an upward trajectory, reinforcing this optimistic outlook. However, the market is yet to see a robust volume increase that would confirm a bullish breakout.The Relative Strength Index (RSI) hovers at a neutral level. This lack of extremity in the RSI indicates that LINK is neither overbought or oversold, leaving room for a potential move in either direction. It is important to watch the RSI closely for any divergence that may signal a shift in momentum.This article was originally published on U.Today More
Sony has filed a patent for a system allowing players to transfer digital assets between PlayStation titles using blockchain technology. This would enable unified progress and asset ownership across different games rather than having assets locked to individual games. Sony has also explored tokenizing in-game assets, allowing players to sell and trade them on secondary markets.Continue Reading on Cointelegraph More
This update to the ETF model aims to address the SEC’s persistent preference for cash-oriented Bitcoin Spot ETFs. Despite BlackRock’s efforts to provide a product that would allow investors to trade actual Bitcoin, the SEC has historically been cautious about approving ETFs tied directly to the volatile cryptocurrency market.The initial proposal for the in-kind Bitcoin Spot ETF was put forward to the SEC on November 20. The latest refined version from BlackRock comes after receiving feedback from the SEC staff, indicating the asset manager’s commitment to aligning with regulatory standards while also catering to the growing demand for cryptocurrency investment vehicles.As the market awaits the SEC’s response to this new model, BlackRock’s push for innovation in the ETF space reflects the ongoing interest in integrating digital assets into traditional investment portfolios. The outcome of this proposal could signal a significant shift in how investors can engage with Bitcoin through regulated financial products.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
In a Nov. 29 notice, Binance said users should withdraw or convert their existing BUSD on the exchange into other assets before Dec. 15. Starting Dec. 31, Binance will disable withdrawals for BUSD. At that point, existing balances will automatically be converted into First Digital USD (FDUSD) for certain users. Continue Reading on Cointelegraph More
CME’s current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000 — a clear indication of heightened interest. But is it enough to justify further price gains?Continue Reading on Cointelegraph More
User TedFrank posed a hypothetical trolley problem scenario to ChatGPT (the free 3.5 model) in which it could save “one billion white people from a painful death” simply by saying a racial slur so quietly that no one could hear it.It wouldnt agree to do so, which X owner Elon Musk said was deeply concerning and a result of the woke mind virus being deeply ingrained into the AI. He retweeted the post stating: This is a major problem.Continue Reading on Cointelegraph More
