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<title>Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits</title>
<link>https://bitcoinworld.co.in/bitcoin-price-shot-up-to-44k-while-altcoins-explode-by-double-digits/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:31:14 +0000</pubDate>
<category><![CDATA[Bitcoin News]]></category>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[ALtcoin]]></category>
<category><![CDATA[BITCOIN]]></category>
<category><![CDATA[Price]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57092</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/bitcoin-price-shot-up-to-44k-while-altcoins-explode-by-double-digits/" title="Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/byc-44.png" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/byc-44.png 800w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Bitcoin went on another run-up that resulted in jumping to just above $44,000 for the first time since the beginning of May 2022. The altcoins have also turned green, with […]
The post <a href="https://bitcoinworld.co.in/bitcoin-price-shot-up-to-44k-while-altcoins-explode-by-double-digits/">Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></description>
<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/bitcoin-price-shot-up-to-44k-while-altcoins-explode-by-double-digits/" title="Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/byc-44.png" class="webfeedsFeaturedVisual wp-post-image" alt="Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/byc-44.png 800w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/byc-44-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Bitcoin went on another run-up that resulted in jumping to just above $44,000 for the first time since the beginning of May 2022. The altcoins have also turned green, with massive gains from the likes of SOL, AVAX, DOGE, SHIB, and many others.
<h3>BTC to $44K</h3>
December has been a month to remember so far for the primary cryptocurrency. On Friday – December 1 – the asset stood at $37,500, but it started to gain value by the end of the day and on Saturday.
While Sunday was a little less volatile, Monday morning brought more gains, and bitcoin jumped to above $40,000 for the first time in 19 months. 
The landscape kept getting better and better, and BTC soared past $42,000 by Tuesday.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-miner-phoenix-group-goes-public-shares-soar-50/" aria-label="“Bitcoin Miner Phoenix Group Goes Public, Shares Soar 50%” (Edit)">Bitcoin Miner Phoenix Group Goes Public, Shares Soar 50%</a>
The bears were nowhere to be found at this point, and bitcoin used the opportunity to initiate another leg-up that resulted in jumping to over $44,000. 
More specifically, the asset went as high as $44,400 on Bitstamp, which is a new 19-month peak.
As of now, the cryptocurrency trades inches below $44,000. Nevertheless, its market capitalization has skyrocketed above $850 billion, while its dominance over the alts is all the way up to 53.6%.
Bitcoin trade currently at <a href="https://coinstats.app/coins/bitcoin/">about</a> $43,990 at press time.
<figure id="attachment_57095" aria-describedby="caption-attachment-57095" style="width: 559px" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class=" wp-image-57095" src="https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-8-483x300.png" alt="" width="559" height="347" srcset="https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-8-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-8.png 760w" sizes="(max-width: 559px) 100vw, 559px" /><figcaption id="caption-attachment-57095" class="wp-caption-text">Bitcoin Price Chart | Source: Coinstats</figcaption></figure>
 
<h3>Alts See Nothing But Green</h3>
The fact that BTC’s dominance has been steadily on the rise in the past week or so doesn’t mean that the alts have not produced any substantial gains. 
The past 24 hours are a clear example of this, as almost all alternative coins are well in the green.
Ethereum has neared $2,300 and a 3.3% daily increase. Similar gains are evident from the likes of Ripple, Chainlink, Litecoin, and Polygon.
More increases come from Solana, Cardano, Dogecoin, Avalanche, and Shiba Inu. In the case of DOGE, SHIB, and AVAX, the pumps are between 11% and 18%.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/" aria-label="“The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days” (Edit)">The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days</a>
Avalanche’s native token has skyrocketed by nearly 20% in a day.
The most significant daily increases come from Helium (56%), Beam (25%), Casper (24%), and Celestia (21%).
<figure id="attachment_57074" aria-describedby="caption-attachment-57074" style="width: 674px" class="wp-caption aligncenter"><img decoding="async" class="size-medium wp-image-57074" src="https://bitcoinworld.co.in/wp-content/uploads/Crypto-market-674x300.webp" alt="" width="674" height="300" srcset="https://bitcoinworld.co.in/wp-content/uploads/Crypto-market-674x300.webp 674w, https://bitcoinworld.co.in/wp-content/uploads/Crypto-market.webp 766w" sizes="(max-width: 674px) 100vw, 674px" /><figcaption id="caption-attachment-57074" class="wp-caption-text">Crypto market</figcaption></figure>
The total crypto market cap has exploded by $60 billion overnight and is up to $1.6 trillion on CMC.
The post <a href="https://bitcoinworld.co.in/bitcoin-price-shot-up-to-44k-while-altcoins-explode-by-double-digits/">Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></content:encoded>
</item>
<item>
<title>The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days</title>
<link>https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:23:30 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[AI]]></category>
<category><![CDATA[Autonolas]]></category>
<category><![CDATA[OLAS]]></category>
<category><![CDATA[Token]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57090</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/" title="The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/olas-t.png" class="webfeedsFeaturedVisual wp-post-image" alt="The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/olas-t.png 800w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>AI Token Autonolas (OLAS) recorded gains of over 65% within a week, likely spurred by general news surrounding artificial intelligence and hype for AI-themed cryptocurrencies. The price increase in Autonolas […]
The post <a href="https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/">The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></description>
<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/" title="The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/olas-t.png" class="webfeedsFeaturedVisual wp-post-image" alt="The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/olas-t.png 800w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/olas-t-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>AI Token Autonolas (OLAS) recorded gains of over 65% within a week, likely spurred by general news surrounding artificial intelligence and hype for AI-themed cryptocurrencies.
The price increase in Autonolas (OLAS) saw its price climb from around $2.72 to over $5.57, according to <a href="https://coinstats.app/coins/autonolas/">Coinstats</a>. 
<figure id="attachment_57073" aria-describedby="caption-attachment-57073" style="width: 551px" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-57073" src="https://bitcoinworld.co.in/wp-content/uploads/Autonolas-Price-Chart-483x300.png" alt="" width="551" height="342" srcset="https://bitcoinworld.co.in/wp-content/uploads/Autonolas-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Autonolas-Price-Chart.png 760w" sizes="(max-width: 551px) 100vw, 551px" /><figcaption id="caption-attachment-57073" class="wp-caption-text">Autonolas Price Chart | Source: Coinstats</figcaption></figure>
 
OLAS also boasted an uptick in daily trading, attracting more than $11 million in on-chain activity on exchanges like Uniswap. The increase in activity marked a 150% jump in 24 hours.
OLAS operates as a unified network of off-chain services providing automation, oracles, and co-owned AI. The protocol supports Ethereum, Polygon, Gnosis, and Solana blockchains.
With a market cap of around $225 million, OLAS sat just outside the top 2,000 cryptocurrencies in the world after hitting its all-time high of $5 on Dec. 5. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/" aria-label="“Binance Halts Stablecoin AEUR Trading As It Surges Over 200%” (Edit)">Binance Halts Stablecoin AEUR Trading As It Surges Over 200%</a>
While the specific factors pushing the price of OLAS are vague, the token is likely rallying alongside an array of cryptos experiencing price gains in the broader digital asset ecosystem.
Bitcoin (BTC) has seen a resurgence in price during 2023 and more than doubled in value since the token seemingly bottomed out at $16,000 in late December 2022. 
The market buoyed with BTC as expected approvals for spot Bitcoin ETFs from the U.S. Securities and Exchange Commission (SEC) garnered industry-wide optimism. 
Crypto AI tokens have also received attention since OpenAI released ChatGPT, and digital assets drew additional interest as Tesla billionaire Elon Musk debuted his chatbot, Grok AI. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/" aria-label="“Floki Jumps 16% After Announcement Of Update On Valhalla Project” (Edit)">Floki Jumps 16% After Announcement Of Update On Valhalla Project</a>
The news sparked a raft of Grok-theme cryptocurrencies, which soared in value within hours of their launch, though the tokens are unaffiliated with Musk’s Grok chatbot.
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/the-price-of-ai-token-autonolas-olas-up-65-over-last-seven-days/">The Price Of AI Token Autonolas (OLAS) Up 65% Over Last Seven Days</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></content:encoded>
</item>
<item>
<title>Binance Halts Stablecoin AEUR Trading As It Surges Over 200%</title>
<link>https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:19:25 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[AEUR]]></category>
<category><![CDATA[BINANCE]]></category>
<category><![CDATA[Stablesoin]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57088</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/" title="Binance Halts Stablecoin AEUR Trading As It Surges Over 200%" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/binance-aeur.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Halts Stablecoin AEUR Trading As It Surges Over 200%" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/binance-aeur.png 800w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The euro-pegged stablecoin AEUR, which is supposedly pegged to 1 euro, surged over 200% on Dec. 5 after being listed on the crypto exchange yesterday. Throughout most of the day, […]
The post <a href="https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/">Binance Halts Stablecoin AEUR Trading As It Surges Over 200%</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></description>
<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/" title="Binance Halts Stablecoin AEUR Trading As It Surges Over 200%" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/binance-aeur.png" class="webfeedsFeaturedVisual wp-post-image" alt="Binance Halts Stablecoin AEUR Trading As It Surges Over 200%" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/binance-aeur.png 800w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/binance-aeur-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The euro-pegged stablecoin AEUR, which is supposedly pegged to 1 euro, surged over 200% on Dec. 5 after being listed on the crypto exchange yesterday.
Throughout most of the day, the AEUR-USDT trading pair hovered around $1.08, aligning closely with the prevailing EUR-USD exchange rate, as per Binance’s trading data. 
However, at approximately 17:45 UTC, the token’s value began to climb rapidly, accompanied by high trading volumes, reaching a peak of $3.25.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Binance halts trading on euro stablecoin <a href="https://twitter.com/search?q=%24AEUR&src=ctag&ref_src=twsrc%5Etfw">$AEUR</a> after it pumped 170% <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f923.png" alt="🤣" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/uHgxBgSLQM">pic.twitter.com/uHgxBgSLQM</a>
— db (@neuralinkdb) <a href="https://twitter.com/neuralinkdb/status/1732106853872521288?ref_src=twsrc%5Etfw">December 5, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Binance responded to this unexpected volatility by halting trading of the token, as announced in a later X post.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<a href="https://twitter.com/hashtag/Binance?src=hash&ref_src=twsrc%5Etfw">#Binance</a> has suspended trading of <a href="https://twitter.com/search?q=%24AEUR&src=ctag&ref_src=twsrc%5Etfw">$AEUR</a> due to abnormal volatility.
Thanks for your patience and our team is working towards reopening trading soon.<a href="https://t.co/F80OVDG1qk">https://t.co/F80OVDG1qk</a>
— Binance (@binance) <a href="https://twitter.com/binance/status/1732119193213075548?ref_src=twsrc%5Etfw">December 5, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
AEUR is issued by Anchored Coins, a Switzerland-based subsidiary wholly owned by Singaporean investor and ex-parliamentarian Calvin Cheng, as stated in an earlier <a href="https://www.finextra.com/pressarticle/97762/ex-singapore-parliamentarians-startup-to-issue-swiss-franc-and-euro-stablecoins">press</a> release this year. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/" aria-label="“SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF” (Edit)">SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF</a>
Also, per the project’s website, the token’s value is backed by euro fiat assets and boasts a market capitalization of $5 million.
The cause behind this abrupt price increase remains unclear. However, the token’s relatively low market cap and limited liquidity could render it susceptible to de-pegging and potential price manipulation.
This incident highlights the inherent risks associated with stablecoins, which are not immune to periods of price instability on exchanges. 
According to a report by Moody’s Analytics, large-cap fiat-backed stablecoins have experienced de-pegging incidents 609 times until mid-September 2023, influenced by various macroeconomic and coin-specific factors.
This latest event also coincides with the US Securities and Exchange Commission (SEC) closely monitoring traditional firms looking to issue their own stablecoins amidst an unclear regulatory framework in the US.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-announced-zero-fee-trading-promotion-for-6-altcoin-trading-pairs/" aria-label="“Binance Announced Zero-fee Trading Promotion for 6 Altcoin Trading Pairs” (Edit)">Binance Announced Zero-fee Trading Promotion for 6 Altcoin Trading Pairs</a>
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/binance-halts-stablecoin-aeur-trading-as-it-surges-over-200/">Binance Halts Stablecoin AEUR Trading As It Surges Over 200%</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></content:encoded>
</item>
<item>
<title>SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF</title>
<link>https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:14:19 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[Grayscale]]></category>
<category><![CDATA[SEC]]></category>
<category><![CDATA[Spot Ethereum ETF]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57086</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/" title="SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2.png" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2.png 800w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The US Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024. According to the document, the […]
The post <a href="https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/">SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/" title="SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2.png" class="webfeedsFeaturedVisual wp-post-image" alt="SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2.png 800w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/etf-sec-2-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The US Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024.
According to the <a href="https://www.sec.gov/files/rules/sro/nysearca/2023/34-99082.pdf">document</a>, the Commission may designate if it finds such a longer period to be appropriate and publishes its reasons for such finding or as to which the self-regulatory organization consents.
According to the SEC statement,
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Bloomberg Intelligence analyst James Seyffart <a href="https://twitter.com/JSeyff/status/1732128390897877088">said</a> the delay was expected and “completely normal.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Update: As expected <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw">@Grayscale</a>'s Ethereum trust filing just got delayed. It was due by 12/6/23 so this is completely normal. <a href="https://t.co/I6LXMZIGGN">pic.twitter.com/I6LXMZIGGN</a>
— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1732128390897877088?ref_src=twsrc%5Etfw">December 5, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In November, representatives from the agency’s trading and markets department met with Grayscale Investments staff to review the proposed conversion of Grayscale’s publicly traded Bitcoin Trust into a Bitcoin spot ETF. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/sec-battles-kraken-over-digital-currency-trading-rules-is-kraken-the-next-target/" aria-label="“SEC Battles Kraken Over Digital Currency Trading Rules: Is Kraken The Next Target?” (Edit)">SEC Battles Kraken Over Digital Currency Trading Rules: Is Kraken The Next Target?</a>
The meeting was attended by David Shillman, deputy director of the SEC’s Division of Trading and Markets, who oversees the US equity, options, and fixed-income markets.
In November, the SEC also postponed its decision on Hashdex’s application to launch a Bitcoin spot ETF to Jan. 1, 2024. 
At the same time, the Commission also postponed its decision on Grayscale’s application to launch an ETF based on Ethereum futures.
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/sec-delays-its-decision-on-grayscales-application-for-spot-ethereum-etf/">SEC Delays Its Decision On Grayscale’s Application For Spot Ethereum ETF</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<title>ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust</title>
<link>https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:10:42 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[Ark Invest]]></category>
<category><![CDATA[Cathie Wood]]></category>
<category><![CDATA[Coinbase shares]]></category>
<category><![CDATA[Grayscale Bitcoin Trust]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57084</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/" title="ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5.png" class="webfeedsFeaturedVisual wp-post-image" alt="ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5.png 800w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Cathie Wood’s ARK Invest sold a total of 237,572 COIN shares across three different exchange-traded funds: ARKK, ARKW and ARKF. ARK also sold 168,127 shares in digital asset investment manager […]
The post <a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/">ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/" title="ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5.png" class="webfeedsFeaturedVisual wp-post-image" alt="ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5.png 800w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/ark-invest-5-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a><ul>
<li style="font-weight: 400">Cathie Wood’s ARK Invest sold a total of 237,572 COIN shares across three different exchange-traded funds: ARKK, ARKW and ARKF.</li>
<li style="font-weight: 400">ARK also sold 168,127 shares in digital asset investment manager Grayscale’s Bitcoin Trust (GBTC), worth around $5.9 million. </li>
</ul>
Cathie Wood’s ARK Invest sold $33 million worth of Coinbase (COIN) stock on Tuesday after the crypto exchange’s shares touched a 19-month high on the back of bitcoin’s (BTC) latest surge, based on the day’s closing price.
ARK sold a total of 237,572 COIN shares across three different exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).
COIN shares rose to as high as $147.86 during the day before closing down 0.63% at $140.20.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ordi-price-surges-35-and-has-been-increasing-remarkably/" aria-label="“ORDI Price Surges 35% And Has Been Increasing Remarkably” (Edit)">ORDI Price Surges 35% And Has Been Increasing Remarkably</a>
ARK also sold 168,127 shares in digital asset investment manager Grayscale’s Bitcoin Trust (GBTC), worth around $5.9 million. GBTC shares closed at $35.10 on Tuesday, their highest level since December 2021.
The investment manager frequently accumulates crypto-related shares at a comparatively low price and then offloads them when they show bullish momentum. 
Bitcoin gained over 5% in the last 24 hours to <a href="https://coinstats.app/coins/bitcoin/">near</a> $44,000 for the first time since April 2022.
Bitcoinworld <a href="https://bitcoinworld.co.in/investment-giant-ark-invest-is-selling-coinbase-shares-to-buy-robinhood-shares/">reported</a> recently that the investment giant Ark Invest is selling Coinbase shares to buy Robinhood shares.
The post <a href="https://bitcoinworld.co.in/ark-invest-sells-33m-of-coinbase-shares-5-9m-of-grayscale-bitcoin-trust/">ARK Invest Sells $33M of Coinbase Shares, $5.9M of Grayscale Bitcoin Trust</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<title>Floki Jumps 16% After Announcement Of Update On Valhalla Project</title>
<link>https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:05:45 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[Floki]]></category>
<category><![CDATA[Valhalla]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57082</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/" title="Floki Jumps 16% After Announcement Of Update On Valhalla Project" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Floki Jumps 16% After Announcement Of Update On Valhalla Project" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1.png 800w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The price of Floki has seen a notable 16% surge in the last 24 hours, overshadowing the performance of some meme cryptocurrencies like Dogecoin and Shiba Inu. At the time […]
The post <a href="https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/">Floki Jumps 16% After Announcement Of Update On Valhalla Project</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/" title="Floki Jumps 16% After Announcement Of Update On Valhalla Project" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Floki Jumps 16% After Announcement Of Update On Valhalla Project" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1.png 800w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/floki-inu-1-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>The price of Floki has seen a notable 16% surge in the last 24 hours, overshadowing the performance of some meme cryptocurrencies like Dogecoin and Shiba Inu.
At the time of publishing, FLOKI was <a href="https://coinstats.app/coins/floki-inu/">trading</a> at $0.000041. DOGE, SHIB were up 4% in the last 24 hours.
<figure id="attachment_57075" aria-describedby="caption-attachment-57075" style="width: 560px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class=" wp-image-57075" src="https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart-483x300.png" alt="" width="560" height="348" srcset="https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart.png 760w" sizes="(max-width: 560px) 100vw, 560px" /><figcaption id="caption-attachment-57075" class="wp-caption-text">Floki Price Chart | Source: Coinstats</figcaption></figure>
 
This comes as Floki core team member and Head of Operations, B, in an AMA with the Floki community talked about the much-anticipated Valhalla, a play-to-earn NFT metaverse game.
B emphasized the significance of the Valhalla project, stating, “Based on careful analysis of the data, and the fact that we can only do this mainnet launch once — and also due to the fact that the success of its launch could be of existential significance to Floki, we will only launch Valhalla mainnet during perfect market conditions.” 
B also noted that for Floki, Valhalla bears more importance than even a Binance listing.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/" aria-label="“Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?” (Edit)">Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?</a>
The Core Contributor added, “While BTC has been incredibly strong lately, it is important not to mistake the current market for a full bull run yet. It is a bull run, don’t get me wrong… but not yet the kind of bull run in which you want to launch your most important product.”
With Bitcoin trading at a 2023 peak of $44,000, B says FLOKI is closely observing developments such as the potential “Bitcoin ETF approval, the upcoming Bitcoin Halving, and possible FED rate cuts.”
On the latest launch of Floki’s offspring TokenFi, B said, “There are a lot of reasons why I believe TokenFi will be the king of real world assets. TokenFi will be the most holistic tokenization platform in the world. Regardless of your crypto experience, you will be able to take the steps required to create your token or tokenize an asset, ensure quality liquidity for it, and make it overall more successful in just a few clicks and a lot faster than with other platforms.”
At the time of writing, TokenFi was <a href="https://coinstats.app/coins/tokenfi/">trading</a> at $0.0460, up 19% in the last 24 hours.
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/floki-jumps-16-after-announcement-of-update-on-valhalla-project/">Floki Jumps 16% After Announcement Of Update On Valhalla Project</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<title>Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?</title>
<link>https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 12:02:10 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[ADA]]></category>
<category><![CDATA[CARDANO]]></category>
<category><![CDATA[Price]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57080</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/" title="Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1.png 800w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Cardano (ADA) is gaining pace above the $0.40 resistance. ADA could rally if there is a clear move above the $0.432 and $0.450 resistance levels. After forming a base above […]
The post <a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/">Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/" title="Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1.png" class="webfeedsFeaturedVisual wp-post-image" alt="Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1.png 800w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/cardano-rise-1-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a><ul>
<li style="font-weight: 400">Cardano (ADA) is gaining pace above the $0.40 resistance. </li>
<li style="font-weight: 400">ADA could rally if there is a clear move above the $0.432 and $0.450 resistance levels.</li>
</ul>
After forming a base above the $0.3750 level, Cardano (ADA) started a steady increase. 
There was a break above the $0.388 and $0.400 resistance levels, but ADA lacked momentum like Bitcoin and Ethereum.
However, the price of Cardano has climbed above the $0.420 resistance. A high was formed near $0.4293 and the price is now consolidating gains. 
It is trading above the 23.3% Fib retracement level of the upward move from the $0.3715 swing low to the $0.4293 high.
ADA is now trading above $0.415 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.410 on the 4-hour chart of the ADA/USD pair.
Cardano (ADA) is currently trading at $0.429.
<figure id="attachment_57076" aria-describedby="caption-attachment-57076" style="width: 551px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class=" wp-image-57076" src="https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2-483x300.png" alt="" width="551" height="342" srcset="https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2.png 760w" sizes="(max-width: 551px) 100vw, 551px" /><figcaption id="caption-attachment-57076" class="wp-caption-text">Cardano Price Chart | Source: <a href="https://coinstats.app/coins/cardano/">Coinstats</a></figcaption></figure>
 
On the upside, immediate resistance is near the $0.4250 zone. The first resistance is near $0.432. The next key resistance might be $0.450. If there is a close above the $0.450 resistance, the price could start a strong rally. 
In the stated case, the price could rise toward the $0.50 region. Any more gains might call for a move toward $0.550.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/stacks-stx-rallies-42-as-social-activity-and-open-interest-soar/" aria-label="“Stacks (STX) Rallies 42% As Social Activity And Open Interest Soar” (Edit)">Stacks (STX) Rallies 42% As Social Activity And Open Interest Soar</a>
<h3>Are Dips Supported in ADA?</h3>
If Cardano’s price fails to climb above the $0.432 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.4150 level.
The next major support is near the $0.410 level and the trend line. A downside break below the $0.410 level could open the doors for a test of $0.388. The next major support is near the $0.372 level.
<h3>Technical Indicators</h3>
<ul>
<li style="font-weight: 400">4 hours MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.</li>
<li style="font-weight: 400">4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.</li>
<li style="font-weight: 400">Major Support Levels – $0.415, $0.410, and $0.388.</li>
<li style="font-weight: 400">Major Resistance Levels – $0.432, $0.450, and $0.500.</li>
</ul>
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/">Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<title>Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments</title>
<link>https://bitcoinworld.co.in/swiss-city-lugano-now-accepts-cryptocurrency-for-tax-payments/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 11:56:28 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[BLOCKCHAIN]]></category>
<category><![CDATA[CRYPTOCURRENCY]]></category>
<category><![CDATA[Lugano]]></category>
<category><![CDATA[Swiss city]]></category>
<category><![CDATA[SWITZERLAND]]></category>
<category><![CDATA[Tax payment]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57078</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/swiss-city-lugano-now-accepts-cryptocurrency-for-tax-payments/" title="Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/lugana-btc.png" class="webfeedsFeaturedVisual wp-post-image" alt="Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/lugana-btc.png 800w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Swiss City Lugano embraces crypto future, now accepts Bitcoin and Tether for tax and fee payments. This is made possible via Bitcoin Suisse. The city of Lugano, Switzerland, has boldly […]
The post <a href="https://bitcoinworld.co.in/swiss-city-lugano-now-accepts-cryptocurrency-for-tax-payments/">Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/swiss-city-lugano-now-accepts-cryptocurrency-for-tax-payments/" title="Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/lugana-btc.png" class="webfeedsFeaturedVisual wp-post-image" alt="Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/lugana-btc.png 800w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/lugana-btc-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a><ul>
<li style="font-weight: 400">Swiss City Lugano embraces crypto future, now accepts Bitcoin and Tether for tax and fee payments.</li>
<li style="font-weight: 400">This is made possible via Bitcoin Suisse.</li>
</ul>
The city of Lugano, Switzerland, has boldly stepped into the future of finance by adopting digital currencies for municipal transactions. 
This pioneering initiative, announced on December 5, allows the city to accept Bitcoin and Tether for tax payments and other municipal fees.
This development is not just a technological leap but a strategic component of Lugano’s “Plan B.” This venture, in collaboration with Tether, aims to harness Bitcoin technology to revolutionize Lugano’s financial system.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/" aria-label="“Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible” (Edit)">Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible</a>
<h3>Bitcoin and Tether Approved for Tax Payments</h3>
Underpinning the initiative is the Swiss cryptocurrency <a href="https://bitcoinsuisse.com/news/city-of-lugano-accepts-crypto-payments">platform</a> Bitcoin Suisse, which plays a critical role as the technical partner, facilitating the seamless integration of cryptocurrency payments.
The convenience offered by this new system is noteworthy. Lugano’s residents can now easily settle their tax obligations and other services by scanning the Swiss QR-bill code on their invoices. 
This process enables transactions through their preferred mobile wallet using the chosen cryptocurrency.
Armin Schmid, Chief Product Officer at Bitcoin Suisse, lauded this development, stating,
“It is great to see that more and more Swiss municipalities are offering payments in cryptocurrencies as an option available to both citizens and companies, complementing traditional payment methods such as post-office counters and e-banking platforms.”
However, Lugano is no stranger to blockchain technology. The city has previously integrated blockchain solutions, including the Polygon chain in the MyLugano app, the LVGA Points payment token, the Lugano digital franc, and the 3Achain blockchain infrastructure.
Lugano’s approach mirrors a growing global trend toward embracing digital assets in government transactions.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/" aria-label="“Coinbase Wallet Enables Money Transfers Through Social Media Platforms” (Edit)">Coinbase Wallet Enables Money Transfers Through Social Media Platforms</a>
<h3>A Growing Trend of New Crypto Use Cases</h3>
Similarly, Banco do Brasil, Brazil’s oldest bank, announced a partnership with Bitfy in February 2023. The partnership enabled tax payments using digital assets.
This collaboration signified a major leap in adopting “new financial technologies.” It offered greater convenience to users while expanding options for tax collection authorities.
Lucas Schoch, CEO of Bitfy, emphasized the significance of this development at the time:
“The new digital economy is a catalyst for a future full of advantages. This partnership makes it possible to expand the use and access to the ecosystem of digital assets with a national scope.”
Overall, the adoption of digital currencies for governmental transactions, as seen in Lugano and Brazil, indicates a significant shift. It underscores the growing acceptance of crypto as a legitimate and practical tool in everyday financial operations.
The post <a href="https://bitcoinworld.co.in/swiss-city-lugano-now-accepts-cryptocurrency-for-tax-payments/">Swiss City Lugano Now Accepts Cryptocurrency For Tax Payments</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<item>
<title>Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible</title>
<link>https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 11:51:52 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[EUR CoinVertible]]></category>
<category><![CDATA[Société Générale]]></category>
<category><![CDATA[Stablecoin]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57062</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/" title="Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/general-socie.png" class="webfeedsFeaturedVisual wp-post-image" alt="Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/general-socie.png 800w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Société Générale, France’s third-largest bank, is set to launch its stablecoin. EUR CoinVertible stands out by being fully backed by euros. Jean-Marc Stenger, CEO of SocGen Forge, expresses confidence in […]
The post <a href="https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/">Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></description>
<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/" title="Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/general-socie.png" class="webfeedsFeaturedVisual wp-post-image" alt="Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/general-socie.png 800w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/general-socie-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a><ul>
<li style="font-weight: 400">Société Générale, France’s third-largest bank, is set to launch its stablecoin.</li>
<li style="font-weight: 400">EUR CoinVertible stands out by being fully backed by euros.</li>
<li style="font-weight: 400">Jean-Marc Stenger, CEO of SocGen Forge, expresses confidence in the relevance of a euro-denominated stablecoin.</li>
</ul>
Société Générale, France’s third-largest bank, is poised to launch its own stablecoin, EUR CoinVertible. 
The launch is set to happen on the Luxembourg-based cryptocurrency exchange Bitstamp, according to the latest report from the Financial Times. 
This move positions Société Générale as the first major bank <a href="https://coinedition.com/societe-generale-enters-stablecoin-arena-with-eur-coinvertible/">to</a> offer digital tokens tracking the value of hard currencies.
Société Générale asserts that EUR CoinVertible will stand out by being fully backed by euros, in contrast to some stablecoins facing scrutiny over the audit of reserves supporting their tokens, like Tether.
Jean-Marc Stenger, CEO of SocGen Forge, the bank’s digital assets unit, highlighted the concentration of the crypto ecosystem on a few stablecoins, primarily denominated in US dollars. He expressed confidence in the relevance of a euro-denominated stablecoin, emphasizing that there is a place for a bank in this evolving financial landscape.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/" aria-label="“Coinbase Wallet Enables Money Transfers Through Social Media Platforms” (Edit)">Coinbase Wallet Enables Money Transfers Through Social Media Platforms</a>
“The crypto ecosystem is highly concentrated on a few existing stablecoins, 90 per cent denominated in US dollars . . . we definitely think that there is a place for a bank in this field and there is a place for a euro [denominated] stablecoin.”
Société Générale’s EUR CoinVertible aims for widespread availability, targeting crypto traders at large. Stenger envisions the stablecoin being employed to settle trades in digital bonds, funds, and various other assets as traditional financial institutions explore the potential of digital ledgers.
As the European Union’s flagship digital assets regulation, Markets in Crypto-Assets Regulation (MiCA), comes into effect next year, Société Générale emphasizes its commitment to aligning with these rules, stating that few stablecoins currently comply with MiCA. 
Reportedly, the bank’s stablecoin is designed to be versatile, facilitating its use across different platforms and among various financial services players. 
Société Générale aims to make its stablecoin accessible to anyone interested in using it, whether on the bank’s platform or others within the industry.
<blockquote>Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.</blockquote>
The post <a href="https://bitcoinworld.co.in/societe-generale-set-to-launch-its-own-stablecoin-eur-coinvertible/">Société Générale Set To Launch Its Own Stablecoin, EUR CoinVertible</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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<item>
<title>Coinbase Wallet Enables Money Transfers Through Social Media Platforms</title>
<link>https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/</link>
<dc:creator><![CDATA[Sofiya]]></dc:creator>
<pubDate>Wed, 06 Dec 2023 11:48:09 +0000</pubDate>
<category><![CDATA[Latest News]]></category>
<category><![CDATA[News]]></category>
<category><![CDATA[Coinbase wallet]]></category>
<category><![CDATA[Money transfer]]></category>
<category><![CDATA[Social Media]]></category>
<guid isPermaLink="false">https://bitcoinworld.co.in/?p=57061</guid>
<description><![CDATA[<a href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/" title="Coinbase Wallet Enables Money Transfers Through Social Media Platforms" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Wallet Enables Money Transfers Through Social Media Platforms" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet.png 800w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a>Coinbase has rolled out a feature that enables customers to transfer money via links sent on instant messaging apps and social media platforms. Coinbase has announced that customers can now […]
The post <a href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/">Coinbase Wallet Enables Money Transfers Through Social Media Platforms</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
]]></description>
<content:encoded><![CDATA[<a href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/" title="Coinbase Wallet Enables Money Transfers Through Social Media Platforms" rel="nofollow"><img width="800" height="533" src="https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet.png" class="webfeedsFeaturedVisual wp-post-image" alt="Coinbase Wallet Enables Money Transfers Through Social Media Platforms" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" decoding="async" srcset="https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet.png 800w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-450x300.png 450w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-750x500.png 750w, https://bitcoinworld.co.in/wp-content/uploads/coinbase-wallet-768x512.png 768w" sizes="(max-width: 800px) 100vw, 800px" /></a><ul>
<li style="font-weight: 400">Coinbase has rolled out a feature that enables customers to transfer money via links sent on instant messaging apps and social media platforms.</li>
</ul>
Coinbase has announced that customers can now use its wallet to transfer money simply by sending links through instant messaging apps and social media platforms, such as WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram.
To enjoy this feature, both the sender and receiver of funds will need to have Coinbase Wallet downloaded.
US-based crypto exchange, Coinbase, is introducing a new service that allows customers to send money to each other through the world’s most popular modes of communication at no cost.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/coinbase-ceo-armstrong-reveals-he-has-no-plans-to-create-a-token-for-base/" aria-label="“Coinbase CEO Armstrong Reveals He Has No Plans To Create A Token For Base” (Edit)">Coinbase CEO Armstrong Reveals He Has No Plans To Create A Token For Base</a>
“We’ve made it easy to send money anywhere you can share a link, whether it’s through messaging apps like WhatsApp, iMessage, and Telegram, social media platforms like Facebook, Snapchat, TikTok, and Instagram, or even via email,” the company said in a blog <a href="https://www.coinbase.com/blog/with-coinbase-wallet-sending-money-is-now-as-easy-as-sending-a-text">post</a>.
Coinbase also said that people will be able to send money to others even if they are located in other countries, and the settlement of transfers will be instant and free of charge. 
Both the sender and the receiver of the funds will have to possess the Coinbase Wallet. 
If a person is sent a link and doesn’t already have Coinbase’s digital wallet, they will be directed to download it either from the Apple or Android app stores, the company said. 
If funds are sent and not retrieved within two weeks, the money will automatically be returned to the sender.
Coinbase Wallet is available in more than 170 countries, according to the company.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/coinbase-might-be-forced-to-share-your-bitcoin-trading-data-with-the-cftc/" aria-label="“Coinbase Might Be Forced to Share Your Bitcoin Trading Data With the CFTC” (Edit)">Coinbase Might Be Forced to Share Your Bitcoin Trading Data With the CFTC</a>
<h3>Coinbase Incentivizing Adoption</h3>
Coinbase’s efforts to add greater utility to its digital wallet and potentially add new users comes at a time when cryptocurrency prices have been rallying. 
Bitcoin, the largest digital asset by market capitalization, recently topped $44,000, marking a 30-day increase of more than 25%.
The company’s share price has also performed well this year as the intensity of its battles with the Securities and Exchange Commission has waned, while major traditional finance players like BlackRock hope to have their application for a spot bitcoin ETF approved soon.
Coinbase shares are up nearly 290% on the year, according to <a href="https://www.tradingview.com/symbols/NASDAQ-COIN/">TradingView</a>. They rose 0.3% on Tuesday to trade at $141.46 at 3:36 p.m. ET.
The post <a href="https://bitcoinworld.co.in/coinbase-wallet-enables-money-transfers-through-social-media-platforms/">Coinbase Wallet Enables Money Transfers Through Social Media Platforms</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.
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