Cryptocurrency

Platforms like immediate-alpha.org have enabled trading in Bitcoin, and traditional financial institutions alongside peer-to-peer lending platforms are entering the Bitcoin lending space. The loan application process involves understanding collateral requirements, loan terms, interest rates, and repayment schedules. However, borrowers must be aware of potential margin calls and liquidation of collateral if Bitcoin’s value drops sharply during the loan term.As we approach year-end, anticipation for another “Santa Claus rally” for Bitcoin intensifies. This expectation is rooted in historical year-end price surges due to increased trading activity as investors engage in portfolio rebalancing and tax considerations. The holiday season’s optimism typically bolsters trade volumes and bullish sentiment.Institutional involvement from entities like Tesla (NASDAQ:TSLA), Square, and MicroStrategy has fostered Bitcoin’s maturation as an asset class. The advent of Bitcoin futures and other financial products on major exchanges has facilitated institutional exposure to Bitcoin, boosting demand.Bitcoin’s role as a hedge against inflation and currency depreciation amid unprecedented fiscal stimulus measures due to COVID-19 has attracted investors seeking protection against fiat currency depreciation. The low-interest-rate environment and potential negative real yields have made traditional assets less appealing, augmenting Bitcoin’s attractiveness due to its potential for high returns.Despite the allure of a year-end bull run, understanding the inherent volatility and risks associated with cryptocurrency investing is crucial. Bitcoin’s over 70% increase in 2023, largely due to concerns of a banking crisis and the approval of a spot Bitcoin ETF in the US, has drawn parallels with trends from 2017 to 2020 and the historic peak of $69,000 in November 2021, fueling speculation of another significant breakout.Regulatory considerations remain pivotal as governments worldwide grapple with cryptocurrency regulation. Positive regulatory frameworks can instill investor trust, while negative decisions can deter investment. Market sentiment and technical analysis techniques including moving averages, Relative Strength Index (RSI), and Fibonacci retracement levels significantly influence Bitcoin price changes.The future of Bitcoin lending looks promising as Bitcoin gains mainstream acceptance. The lending market is set for growth, with new products and services likely to emerge. Regulatory developments can significantly affect this space, and technological innovations such as smart contracts and cross-chain lending could further transform the landscape. However, tightening regulatory policies by entities like the U.S. Federal Reserve pose challenges for Bitcoin, significantly impacting its future.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Thakur started her cryptocurrency journey by falling for a crypto doubling scam, which she claims taught her an important lesson to take her research of the industry more seriously. She went on to work on multiple projects before moving to MultiChainZ. Continue Reading on Cointelegraph More

The development underscores the challenges the crypto industry continues to face almost a year after the bankruptcy of Sam Bankman-Fried’s exchange FTX, which led to a meltdown in the sector that overwhelmed several major firms.Through the lawsuit, Attorney General James is seeking restitution for investors and “disgorgement of ill-gotten gains,” along with a ban on all the three cryptocurrency firms from the financial investment industry in New York.At the heart of the lawsuit is a program that Gemini ran in partnership with Genesis, dubbed “Gemini Earn”. The program allowed customers to lend crypto assets such as bitcoin to Genesis.Gemini, run by the Winklevoss twins best known for their legal battle against Meta Platforms (NASDAQ:META)’ Mark Zuckerberg, had billed the program as a “low-risk investment” even when its internal analyses had found Genesis was on risky financial footing, James alleged.Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Bankman-Fried’s crypto hedge fund Alameda that later went belly up, James said.It did not reveal any of this information to the investors of Gemini Earn, she added.Gemini posted on messaging platform X, formerly known as Twitter, that the lawsuit “confirms what we’ve been saying all along”, but disagreed with the decision to also sue Gemini. Genesis and Gemini have clashed several times over the past few months, including over Gemini Earn. Gemini is also the largest creditor of Genesis, which filed for bankruptcy protection in January.DCG did not immediately respond to a request for comment. More

Gensler reiterated Bitcoin’s classification as a non-security, indicating that this perspective would guide the SEC’s comprehensive review of these filings. The approval process, which typically spans between 12 to 24 months, often around 15 to 19 months, involves a rigorous procedure akin to an initial public offering (IPO). This process requires registration with the SEC and thorough analysis by its Division of Corporation Finance and Division of Trading and Markets.A significant decision lies ahead for the SEC in terms of Grayscale Investments LLC’s proposal to convert its Bitcoin trust (GBTC) into an ETF. The outcome of this proposal could potentially set a precedent for future approvals in this burgeoning segment of the financial market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Bitpanda holds a license in a number of European jurisdictions, such as Austria, Germany, France, Czechia and Sweden. According to the deputy CEO of Bitpanda, Lukas Enzersdorfer-Konrad, the registration marks another step in the company’s expansion in Europe: Continue Reading on Cointelegraph More

On Thursday, VC Spectra’s ongoing presale reached stage 4, featuring the deflationary BRC-20 standard token SPCT within a democratic investment environment. Early investors have already realized a substantial 450% increase, with SPCT projected to hit $0.08 by the end of the presale. Earlier this year, SPCT garnered $2.4 million in its seed/private sale and realized an astounding 587.5% ROI during its public offering.Meanwhile, Litecoin started the year around $70, soared to a peak of $113.23, then plummeted to $63.07 by October—a 9.9% decrease from January’s price. A recent sell-off of 620,000 LTC tokens by Litecoin whales led to a further 6.93% price drop. However, experts predict it will recover to $68 by year-end and could surge to $237.10 by 2025 due to expanding investor interest and the nearing completion of its supply cap of 84 million coins.Chainlink also demonstrated robust performance in 2023, accruing a gain of 35.91% since January. This growth was stimulated by a K33 Research report highlighting Chainlink’s crucial role in the real-world assets (RWA) tokenization field. Analysts predict that Chainlink will hit $9.79 by October’s end and could reach $21.17 by 2025.In contrast, Offchain Labs’ Arbitrum Stylus faces falling prices due to market volatility and rising short positions. Despite promoting ARB ecosystem accessibility through simplified smart contract creation, ARB is anticipated to drop further to $0.75 by November 2023.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

An official statement from the office of Attorney General Letitia James outlines the basis of the charges, claiming that the companies defrauded more than 23,000 investors, including 29,000 New York citizens, of more than $1 billion.Continue Reading on Cointelegraph More

The two companies plan to leverage OpenAI’s generative AI models in sectors of G42’s expertise, including financial services, energy, healthcare and public services. Continue Reading on Cointelegraph More