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  • Google eases Crypto Trust Ads Policy ahead of potential Bitcoin ETF approval

    Google eases Crypto Trust Ads Policy ahead of potential Bitcoin ETF approval

    • Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform.
    • Advertisers looking to promote crypto trusts must, however, undergo Google certification.
    • Google’s policy update aligns with a broader industry trend and Bitcoin’s 74% surge in the past 90 days.

    In a strategic move, Google has revised its cryptocurrency-related advertising policy to permit ads for US-based crypto trusts, aligning with predictions of the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.

    This update, effective January 29, 2024, comes at a time of heightened anticipation in the crypto space, as industry analysts speculate a 90% chance of a US spot Bitcoin ETF approval by January 10, 2024.

    Google allows Ads for US crypto trusts

    The update explicitly mentions “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Advertisers interested in promoting crypto trusts must undergo Google certification, ensuring they possess the necessary licenses from relevant local authorities. The policy emphasizes global application, requiring adherence to local laws in the targeted regions.

    This policy adjustment by Google coincides with increasing expectations of the approval of spot Bitcoin ETFs in the United States. Bloomberg’s ETF analysts project a 90% likelihood of approval by January 10, 2024.

    Notably, there are currently 13 Bitcoin ETF applicants, including major players like BlackRock, Grayscale, and Fidelity. These firms have reportedly engaged with the US Securities and Exchange Commission to discuss crucial technical details related to their ETF proposals. The crypto market has responded positively, with Bitcoin experiencing a significant 74% surge in the past 90 days.

    The crypto market is anticipated to add $1 trillion if the SEC approves the Bitcoin ETF applications.

    Certification requirements for Crypto Trust Ads on Google

    Google’s certification process for potential crypto trust advertisers underscores the importance of compliance with local laws.

    Advertisers must obtain the necessary licenses from local authorities, and their products, landing pages, and ads must align with the legal requirements of the respective countries or regions. This meticulous certification process aims to ensure responsible advertising practices within the rapidly evolving and dynamic cryptocurrency landscape.

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  • Institutional traders favour Bitcoin and Ethereum while whales eye this new AI crypto

    Institutional traders favour Bitcoin and Ethereum while whales eye this new AI crypto

    In the crypto world, there’s a noticeable shift in how big investors are playing the game. Institutional traders are increasingly leaning towards Bitcoin and Ethereum as safer choices, as shown by a recent Bybit Research report. 

    Meanwhile, the big players, or ‘whales’, are getting more interested in a new AI cryptocurrency ICO, signalling a change in investment trends in the crypto space.

    InQubeta (QUBE): the new focus for crypto whales

    As per the experts, the AI narrative is going to be the big thing in the next Bull Run. Given the level of development in this sector, it only makes sense to invest in emerging ventures. However, there are significant barriers to owning a stake in these companies. This is where InQubeta comes to the rescue.

    InQubeta’s introduction marks a significant shift in the crypto investment landscape. The platform, through its QUBE token, offers a unique approach to AI startup investments, allowing fractional ownership through popular NFTs and broadening access to this high-growth sector. This initiative is not just an investment opportunity; it’s a paradigm shift, making AI startup investments more inclusive.

    InQubeta’s ecosystem is centred around QUBE, which is a deflationary ERC20 coin designed to promote long-term holding and active involvement in the platform’s decision-making. But QUBE is more than just a crypto for beginners. It’s like a gateway to the world of AI and crypto, offering investors a chance to have a real say in where the platform is headed.

    InQubeta’s successful journey is highlighted by its presale, which has already crossed significant financial milestones, indicating strong investor confidence. The platform’s roadmap, featuring plans for an NFT marketplace and cross-chain expansion, places it at the forefront of AI and blockchain integration.

    Institutional traders’ bullish stance on Bitcoin and Ethereum

    Institutional traders have nearly doubled their holdings in Bitcoin during the first three quarters of 2023. As of September, Bitcoin constituted half of their assets, a sentiment driven by positive market anticipation of an SEC-approved BTC ETF. This institutional preference contrasts starkly with the investment patterns of retail traders, who hold lower BTC proportions, possibly influenced by their higher leverage levels.

    While Bitcoin and Ethereum are seen as safer bets, institutional traders and whales exhibit scepticism towards top altcoins. The report indicates a general decline in altcoin holdings among these traders, with a notable decrease starting in August. This cautious stance reflects the perceived volatility and risk associated with these assets.

    Conclusion

    Right now, the investment scene in the crypto market is showing some interesting differences in how people are choosing to invest. On one side, you’ve got institutional traders who are sticking with the top crypto coins like Bitcoin and Ethereum, consolidating their investments in these established names. On the other side, the big individual investors, often called ‘crypto whales’, are looking for something new and exciting like InQubeta (QUBE).

    This split in investment strategies really highlights just how varied and lively the crypto market is. As the market keeps changing and growing, the role of AI in cryptocurrencies, like InQubeta, is probably going to become more and more important. It’s opening up new opportunities for both investment and tech development.

    For more information about InQubeta, Visit InQubeta Presale or Join The InQubeta Communities.

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  • Top crypto picks to buy at rising market before it’s too late

    Top crypto picks to buy at rising market before it’s too late

    • A new and promising crypto, ScapesMania, has witnessed impressive presale success.
    • Ethereum is poised for growth with potential regulatory advancements like an ETF while Solana is the 5th most-traded cryptocurrency, stable and growing.
    • Polygon is resilient and attracts investments, Dogecoin balances community projects amid market fluctuations, and Shiba Inu faces uncertainty due to whale transactions and a bearish outlook.

    The cryptocurrency market is currently experiencing a significant upswing, with Bitcoin (BTC) crossing the $42,000 mark, signaling a broader market recovery. This resurgence is not just limited to the flagship cryptocurrency but is also evident in the performance of other players.

    Today, we’ve put together our 6 top picks for investors looking to capitalize on the rising market before it’s too late: Ethereum (ETH), Solana (SOL), Polygon (MATIC), Dogecoin (DOGE), Shiba Inu (SHIB), and the emerging ScapesMania. These coins have the potential to yield significant returns and showcase substantial growth.

    Let’s take a closer look at each coin.

    Growth factors behind promising coins

    ScapesMania: features and vision

    ScapesMania is an innovative crypto project currently in the presale phase. Amidst the volatility experienced by larger cryptocurrencies, it offers a unique opportunity to diversify your portfolio. 

    Upon closer examination, ScapesMania reveals a range of appealing features. By embracing ScapesMania, crypto enthusiasts get a chance to engage with a unique ecosystem thriving within a multi-billion-dollar gaming industry. 

    Furthermore, ScapesMania has implemented mechanisms to keep holders actively involved and incentivized. By participating in DAO governance, backers have a say about ScapesMania’s future direction. Other notable perks for holders include up to $142 in bonuses for early adopters, token buyback and burn mechanisms, and staking rewards.

    As for safety, the project’s smart contract has undergone a thorough audit by leading security-ranking companies. ScapesMania is backed by an award-winning team that has secured a prestigious grant from a major player in the blockchain industry.

    Visit ScapesMania’s website for more information about its standout features.

    Ethereum: regulatory developments and market Impact

    Ethereum price chart

     

    Ethereum is currently experiencing a noteworthy development related to regulatory matters and market dynamics. The United States Securities and Exchange Commission (SEC) is actively engaged in discussions regarding a proposed rule change. 

    This change, if approved, would enable Fidelity Investments to offer shares of its spot Ethereum (ETH) exchange-traded fund (ETF). 

    Fidelity’s latest SEC filing outlines its ETF’s objective to monitor Ether’s performance using the Fidelity Ethereum Index. If approved, the ETF, trading as ETHF on the Cboe BZX Exchange, may mark a pivotal moment in Ethereum’s broader adoption.

    Solana: climbing the ranks in the crypto market

    Solana price chart

    Solana has recently achieved a significant milestone. As of now, it’s the 5th most-traded cryptocurrency in the world. This achievement indicates a rising trend in its adoption and a growing interest from traders and investors. 

    Furthermore, Solana’s blockchain has experienced positive developments. Among notable achievements are inclusion in Visa’s stablecoin trials, a rise in total value locked, and maintaining around nine months of continuous uptime. 

    These factors enhance Solana’s presence and credibility in the market. Ultimately, investors can expect an ongoing upward trend in SOL’s price performance.

    Polygon: navigating through market volatility

    Polygon price chart

    MATIC underwent a significant price correction recently, drawing considerable interest from prominent investors commonly known as “whales.” 

    Capitalizing on the dip in Polygon’s price, these large-scale investors seized the opportunity and injected a substantial $90 million into acquiring MATIC tokens. This influx of funds suggests a strategic move by major players in response to the recent price fluctuations in the Polygon market. 

    Major backers continue to play a pivotal role in shaping the asset’s value amidst dynamic market conditions in the Polygon ecosystem. So, keeping an eye on the movements of these whales remains crucial. 

    Dogecoin: aiming for the moon

    Dogecoin price chart

    The Dogecoin community has embarked on an ambitious mission to send a physical token to the moon, reflecting the coin’s playful and pioneering spirit. This endeavor coincides with a significant technical development in Dogecoin market behavior. 

    DOGE’s price recently broke out from a long-term descending resistance trend line, which had been in place for 900 days. 

    Furthermore, the number of total crypto wallets holding DOGE reaches 5 million. These dynamics indicate the growing adoption and increased user activity within the blossoming Dogecoin network.

    Shiba Inu: whale transactions and network developments

    Shiba inu price chart

    Shiba Inu recently underwent a substantial transaction involving the transfer of 300 billion SHIB tokens to an anonymous wallet. Notably, this transfer originated from the popular cryptocurrency exchange Binance. 

    The occurrence of this transaction has generated curiosity and speculation within the crypto community, driving investors’ interest in the token. However, it’s not the only growth factor behind Shiba Inu.

    Shiba Inu’s advancements, such as the launch of Shibarium, aim to enhance transaction efficiency and reduce costs. These developments can further increase SHIB’s appeal for decentralized finance use cases.

    Current state and prospects

    ScapesMania: ambitious future vision

    The ScapesMania presale unfolds in several rounds, with the current one presenting a substantial 70% discount on token purchases. This discounted entry point provides an attractive incentive for early adopters, offering potential ROIs of 400-500% as the post-listing price hits the $0.1 mark.

    Looking ahead, ScapesMania’s ambitious vision includes listings on major exchanges and continuous improvements. The team is on a mission to develop a unique niche concept not yet explored in crypto circles. This forward-thinking approach contributes to the outstanding presale figures, positioning ScapesMania as one of the potential long-term assets for crypto enthusiasts.

    With its visionary roadmap and current presale offerings, ScapesMania could be a worthy bet for those seeking a foothold in the crypto space. To dig deeper into ScapesMania’s proposition, visit its official website, Twitter account, and Telegram channel.

    Ethereum: potential impact of US ETF

    The prospect of an Ethereum ETF in the U.S. market could lead to increased institutional interest and investment in Ethereum. The anticipation of such developments could create a bullish sentiment among investors, potentially driving up the price of ETH.

    Crypto enthusiasts eagerly await SEC approval for ETFs, given the SEC’s historical reluctance, often citing market manipulation concerns. Optimists believe that ETFs holding major cryptocurrencies could significantly transform the market by facilitating mainstream investors’ entry into digital assets.

    The future of Ethereum looks promising with the potential approval of an ETF. However, the SEC’s history of caution in approving spot cryptocurrency ETFs suggests that the road ahead may not be smooth. 

    Solana: stable growth amid volatility

    The price situation of SOL is currently stable, showing signs of steady growth. The stability in its price, despite the volatile nature of the cryptocurrency market, is a positive sign for investors looking for a relatively less volatile asset.

    Looking ahead, the future of Solana appears bright, with its rising adoption and stable price situation. The increasing interest from traders and its position as one of the most-traded cryptocurrencies could lead to further growth in its value. 

    Solana’s price surged by approximately 550% this year, emphasizing its strong network. Given Solana’s remarkable performance and robust infrastructure, it holds the potential to extend its ascent.

    Polygon: resilience and whales’ interest

    The price of MATIC has shown resilience in the face of volatility. After a retracement from its peak, MATIC has managed to rebound from its recent lows, retaining a substantial portion of its monthly gains with an overall 20% increase within the evaluated period. 

    At the same time, Polygon is seeing a rise in the MATIC exchange reserve. This signal indicates increased net deposits possibly driven by profit-taking motives.

    The future of Polygon appears to be on a recovery path. The network’s heightened activity and continued interest from influential whales contribute to the optimism surrounding Polygon MATIC

    Dogecoin: fluctuations and bullish signals

    The price of Dogecoin DOGE has seen fluctuations since reaching a high of $0.087 on November 17. The decrease caused a deviation above the $0.082 horizontal resistance area. 

    The future of Dogecoin seems to be a blend of optimism and caution. The weekly timeframe suggests a bullish trend, while the daily timeframe indicates the potential for a retracement before a possible increase. 

    Considering the high levels of adoption and usage, the odds are certainly looking in favor of the bulls. Still, if DOGE manages to close above the $0.082 resistance area, it could signal a bullish takeover, potentially leading to a significant price increase. 

    Shiba Inu: a rebound potential

    The technical analysis of the SHIB price chart shows a descending triangle formation, with a recent break below the lower trendline, suggesting a bearish outlook. However, the price is hovering above a crucial support level, with the 50-day moving average potentially acting as a springboard for a rebound.

    The future of Shiba Inu is shrouded in uncertainty. If the wallet’s accumulation strategy positively influences market sentiment, we could see an upward price correction. However, the bearish indicators and unpredictability of large-scale transactions make it challenging to forecast SHIB’s prospects. 

    Investors are keenly anticipating Shiba Inu to surpass the $0.01 mark, aiming for the significant milestone of $1. Despite this optimistic outlook, reaching the price of $1 doesn’t look realistic. The Shibarium layer-2 network’s lack of burning trillions of SHIB adds complexity to the token’s growth.

    Bottom line

    In this dynamic phase of the cryptocurrency market, these six coins represent a blend of established reliability and exciting potential. Ethereum and Solana continue to demonstrate stability and growth, Polygon and Dogecoin offer a mix of stability and innovation, while Shiba Inu presents an opportunity for those willing to navigate its uncertain waters. 

    Meanwhile, ScapesMania emerges as a dark horse, offering potentially high returns and an opportunity to save big for early adopters. This affordability opens doors for investors with varying budget sizes to explore ScapesMania without significant financial commitments.

    Discover more details about ScapesMania on the official site.

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  • Crypto token outlook this week: Vertex Protocol (VRTX)

    Crypto token outlook this week: Vertex Protocol (VRTX)

    A Trader Watches Market Performance On Mobile Phone
    • Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals.
    • VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22.
    • Total value locked (TVL) has reached $32 million.

    Most altcoins are trading at near year-to-date highs after mirroring Bitcoin’s march to its highest price in 18 months – the spike to above $38k.

    With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC.

    Here is what to know about Vertex Protocol (VRTX) going into next week.

    Vertex (VRTX)

    The Vertex Protocol is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing dYdX as top volume DEX for perpetuals.

    Vertex Protocol TVL and price

    With users incentivized via the recently launched Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The ARB incentives week 2 saw over 210,000 ARB tokens distributed to traders last week.

    The claim for the tokens is live, adding to the incentive that earn traders VRTX via the Vertex Protocol’s Trade & Earn program. Users are thus poised to earn rewards on trading fees, with a maximum of 75% of taker fees. VRTX liquid staking allows holders to stake VRTX to generate voVRTX and earn rewards.

    According to DeFiLlama, a total of $32 million has been staked on the Vertex chain, with $566 million in derivatives volumes recorded in the past 24 hours. 

    VRTX is currently listed on crypto exchanges such as Bybit, Bitget, and Gate.io. Data from CoinGecko shows the VRTX price is up 34% in the past 24 hours and reached a high of $0.44. VRTX/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.

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  • Inflows into crypto products surpass $1B year-to-date

    Inflows into crypto products surpass $1B year-to-date

    • Digital asset investment products recorded inflows of $293 million last week.
    • Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million.
    • A report by CoinShares shows year-to-date inflows have surpassed $1 billion.

    Inflows into digital asset investment products hit $293 million last week, the seventh consecutive week of positive flows. 

    According to data from asset manager CoinShares, the 7-week streak of inflows has brought the total year-to-date flows into crypto exchange traded products to $1.14 billion. This follows increased institutional interest that has pushed yearly inflows YTD to its third highest yearly level. 

    Meanwhile, total assets under management (AuM) in cryptocurrencies have increased 9.6% this past week.

    The weekly flows report shows total AuM stood at $44.3 billion last week, up 99% this year and at the highest level since May 2022.

    Bitcoin inflows hit $240 million last week

    In specific investment products, Bitcoin saw $240 million in inflows last week to bring the total YTD reading to $1.08 billion. ETP trading volume for the flagship cryptocurrency accounted for nearly 20% of volume on trusted exchanges.

    James Butterfill, the head of research at CoinShares, notes that the increase in ETP volume compared to BTC trading volume is a rare occurrence that “suggests ETP investors are participating much more in this rally compared to 2020/21.”

    Also notable were the inflows into Ethereum investment products.

    According to CoinShares’ weekly report, inflows of $49 million last week was the largest for Ether since August 2022. The sentiment around Ether-based ETPs has improved significantly over the past two weeks. Notably, this outlook is unfolding as spot Ethereum ETF filings spark interest.

    Solana sees huge inflows

    Solana, one of the top performing crypto assets these past few weeks, also recorded notable inflows this past week. $12 million were poured into SOL products over the seven days , while the altcoin leads the segment with $121 million in year-to-date inflows.

    The optimism is reflected in the SOL price, which had fallen dramatically in November 2022 as the market reacted to the collapse of FTX. At current levels of $59, Solana is trading 170% over the past 30 days and 315% over the past year.

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  • New altcoin outshining Ethereum and Shiba Inu as Morgan Stanley calls crypto winter end

    New altcoin outshining Ethereum and Shiba Inu as Morgan Stanley calls crypto winter end

    Morgan Stanley Wealth Management has called the end of the extended crypto bear market, indicating that the crypto spring is on the horizon. The crypto market has been projected to rally to a new high in this new bull market. Ethereum and Shiba Inu have already recorded significant gains as the crypto market enters a bull phase.

    There have been dark horses that outperformed the crypto market in previous bull cycles. Analysts have identified a potential dark horse for this bull market. Read on to find more information.

    Shiba Inu reclaims a major resistance level: devs hint at major changes 

    Shiba Inu has struggled in 2023, despite the gains recorded in the broader crypto market. However, the Shiba Inu coin joined the recent market rally, increasing past a key resistance level at $0.000008000. 

    SHIB also rallied above its 200-day Exponential Moving Average (EMA). This level holds significance as it historically acts as a barrier between the bearish and bullish territories. With this bullish trend, crypto analysts have predicted a potential Shiba Inu price increase. 

    If the price of Shiba Inu holds the $0.00000800 support, it has been forecasted to rally to $0.000012000. This prediction was strengthened by the recent updates shared by the Shiba Inu development team.

    The team hinted that the product will be a potential game changer in the crypto space. Other SHIB developments that could spur a Shiba Inu value increase include ShibaSwap and its Self-Sovereign Identity (SSI) feature.

    Ethereum reclaims $2,000 on spot ETF excitement, analyst predicts 80% increase 

    The price of Ethereum has surged past $2,000 for the first time in more than seven months over spot ETF excitement. 

    The rally was ignited by reports of BlackRock registering for a spot at Ethereum ETF in Delaware. Because of this, analysts are bullish about Ether. A popular crypto analyst, Kyle Doops shared his bullish predictions for the price of Ethereum.

    According to the Ethereum chart shared by Doops, a pattern for an enormous 80% move has been formed. Based on his Ethereum price prediction, ETH could outperform Shiba Inu and rally to $3,600 in the coming weeks.

    In the short term, while ETH remains above the $1,979 level, the trajectory of the leading altcoin remains decisively positive.

    Meet the crypto bull market dark horse, Meme Moguls

    Ethereum and Shiba Inu were top performers in previous bull markets. However, while they have been predicted to record substantial gains in the coming bull market, they will be outperformed by new crypto, Meme Moguls (MGLS).

    Meme Moguls meet the requirements of dark horses in previous bull markets – launching in a unique market. It has introduced what will be the world’s first meme-backed stock market-style exchange.

    As a trailblazer, the project aims to help investors become their own moguls in the $17.9 trillion meme coin market. The unique placement of MGLS as the token to power this ecosystem gives it enough potential to outperform ETH, SHIB, and the rest of the crypto market. Join now for only $0.0019.

    To learn more about Meme Moguls, Visit Meme Moguls.

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  • Bitcoin May Be The Biggest Crypto, But Is This The Best?

    Bitcoin May Be The Biggest Crypto, But Is This The Best?

    Bitcoin (BTC) has long been the most recognizable and dominant player in the cryptocurrency world. BTC started it all and has consistently maintained its position as the gold standard. As the crypto universe expands, new competitors emerge, each with a unique proposition. Among these rising stars is InQubeta (QUBE), an AI-powered cryptocurrency that reve­rberates with possibility and innovation. But can InQubeta truly reign supreme as the best in the crypto space?

    InQubeta has revolutionized the cryptocurrency industry with innovative­ features, such as its deflationary mode­l. Its NFT marketplace has gained re­cognition among influential figures searching for ne­w DeFi crypto to inve­st in for substantial returns. Many crypto analysts are forecasting that InQube­ta will lead the next bull run due­ to its aim of bridging the gap between AI startups and investors.

    This article explores Bitcoin’s dominance and why InQubeta could claim the title of the best crypto.

    InQubeta (QUBE): Pioneering DeFi crypto with potential for the best ROI

    InQubeta, a new DeFi crypto, is making waves as the first crowdfunding platform in the crypto market that promises high returns. Despite Bitcoin’s dominance, InQube­ta shines as the best potential crypto choice by enabling fractional investment in AI-based startups, all facilitated by QUBE tokens. These tokens operate on the Ethereum blockchain, leveraging its robust technology to create a secure and seamless investment ecosystem for startups and investors.

    The brilliance­ of the platform as the best prospe­ct in crypto lies in its ability to mint each investme­nt opportunity as an NFT and then fractionalize it. This means you can invest in a way that suits your budget while enjoying the benefits of being an early supporter. The platform’s tre­nding NFT marketplace takes it further by empowering AI startups to raise funds and offer enticing rewards and equity-based digital assets. Conversely, QUBE token holders can easily invest in the projects they believe in, establishing a unique ecosystem that be­nefits all parties involved.

    QUBE exce­ls in the crypto market as the potential ultimate­ choice due to its nature as a de­flationary ERC20 token. This unique deflationary mechanism offers a valuable investme­nt opportunity for crypto enthusiasts seeking the best crypto investment platform to dive­rsify their portfolios. By imposing a 2% buy and sell tax for a burning wallet and a 5% buy and sell tax for a dedicated reward pool, QUBE e­nables holders to earn re­wards through token staking. This feature makes it particularly appealing to investors who recognize the growth potential of AI technology startups.

    The QUBE toke­n, serving as a governance toke­n, helps position it as one of the best crypto investme­nt platforms. As a governance token, InQubeta gives its holders a say in the decision-making processes of the platform. 

    QUBE holders can propose, discuss, and vote on various aspects of the platform’s development, operation, and future direction. With the increasing participation of investors and startups in the InQube­ta platform, the demand for QUBE is expected to surge, potentially driving up the token’s value over time. 

    By holding and staking QUBE tokens, investors not only position themselves for potential price appreciation but also receive rewards from the dedicated reward pool.

    Bitcoin (BTC): A potential game-changer for cryptocurrency

    As the first cryptocurre­ncy, Bitcoin wields a substantial influence over the crypto market. With BTC breaching the $35K threshold, its trajectory could significantly shift, potentially reaching $64K by the end of 2023, as suggested by historical chart patterns. This optimistic outlook permeates the broader crypto market, propelling altcoins into a bullish ascent.

    Historical data highlights November as a pivotal month for Bitcoin, with gains second only to April. The fourth quarter (Q4) is renowned for yielding the most substantial returns, heightening the anticipation for this upcoming month. Boasting a note­worthy track record, November promises an exhilarating journey for BTC enthusiasts.

    Conclusion

    Bitcoin paved the way in the crypto space, but InQubeta is poised to become the best choice for investors and enthusiasts. With its trending NFT marketplace, de­flationary mechanism, and governance toke­n, InQubeta is revolutionizing the AI se­ctor. Now in its fourth stage, the ongoing presale­ offers an unparalleled opportunity to join the platform. Investors can acquire the QUBE toke­n using major cryptocurrencies such as ETH, BTC, and USDT.

    Visit InQubeta Presale 

    Join The InQubeta Communities

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  • Bitcoin ETF approvals to drive $1T crypto market surge: CryptoQuant

    Bitcoin ETF approvals to drive $1T crypto market surge: CryptoQuant

    • CryptoQuant forecasts Bitcoin’s market cap could hit $900 billion if Bitcoin spot ETFs are approved.
    • The report also forecasts that $1 trillion could be added to the entire crypto market.
    • The various spot Bitcoin ETFs may be approved by March 2024, signalling a new era of crypto adoption.

    In a recent report, data analytics firm CryptoQuant revealed compelling insights into the potential impact of Bitcoin spot exchange-traded funds (ETFs) on the cryptocurrency market.

    The report suggests that, if approved, these ETFs could trigger substantial growth in the crypto space, raising Bitcoin’s market capitalization to a staggering $900 billion and boosting the overall crypto market by a monumental $1 trillion.

    Spot Bitcoin ETFs approval could be a game-changer

    The first wave of institutional involvement in the cryptocurrency market, which occurred during 2020-2021, was characterized by institutions adding Bitcoin to their balance sheets.

    CryptoQuant’s report highlights that the second wave of adoption may come from financial institutions enabling clients to access Bitcoin through spot ETFs. CryptoQuant believes that these ETFs present a significant opportunity for investors to gain exposure to the crypto market.

    Several major financial institutions in the United States have applied for regulatory approval to launch spot Bitcoin ETFs. These approvals could potentially be granted by March 2024 at the latest with some US lawmakers requesting the SEC to approve the applications. This marks a critical milestone in the evolution of cryptocurrency investment instruments.

    Potential inflows and market impact

    CryptoQuant’s analysis indicates that should the issuers of Bitcoin ETFs allocate just 1% of their Assets Under Management (AUM) to these ETFs, it could result in a remarkable influx of approximately $155 billion into the Bitcoin market. This influx, equivalent to nearly one-third of Bitcoin’s existing market capitalization, could potentially drive Bitcoin’s price into a range between $50,000 and $73,000.

    The report also draws upon historical data, revealing that during previous bull markets, Bitcoin’s market capitalization typically expanded by a factor of 3 to 5 times more than its realized capitalization. This historical pattern suggests that for every $1 of new investment entering the Bitcoin market, the market’s capitalization could surge by $3 to $5, indicating substantial growth potential.

    The market got a test after some false news about BlackRock Bitcoin ETF approval pushed Bitcoin to $30,000.

    In general, the approval of Bitcoin spot ETFs holds the promise of attracting significant institutional investment and contributing to the cryptocurrency market’s expansion. Despite its volatile nature, this development could become a catalyst for further institutional involvement, bringing the crypto space closer to the $1 trillion milestone.

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  • ESMA warned crypto investors on Tuesday: find out more

    ESMA warned crypto investors on Tuesday: find out more

    esma warns crypto investors
    • ESMA says MiCA will take time to be fully implemented.
    • Crypto investors, therefore, remain at risk in the meantime.
    • Bitcoin is trading well under the $29,000 level on Tuesday.

    All eyes are on Bitcoin after ESMA – the European Securities & Markets Authority cautioned crypto investors on Tuesday.

    MiCA will take time to be implemented

    Earlier this year, the European Union approved an extensive set of regulations for crypto assets that it’s calling Markets in Crypto-Assets Regulation.

    On Tuesday, however, ESMA warned crypto investors that it will likely take until December of 2024 for MiCA to be fully implemented.

    It is also worth mentioning here that a bunch of crypto firms will be able to remain in business without an EU license in states that grant them a transitional period of 18 months – which means full protections in these EU states will not be available until July 2026.

    At writing, Bitcoin is trading well under the $29,000 level.

    ESMA says no cryptoassets is ‘safe’

    ESMA did, however, confirm on Tuesday that it’s working closely with national regulators and is motivating them to apply Markets in Crypto-Assets Regulations rules as soon as possible.

    Even with full protection, though, it recommended investors to be cautious when investing in cryptocurrencies. The EU watchdog’s statement reads:

    Even with implementation of MiCA, retail investors must be aware that there will be no such thing as a safe cryptoassets.

    Currently, crypto assets are unregulated under the rules laid out by the European Securities and Markets Authority. Regulating the crypto market has become a priority for ESMA ever since the collapse of FTX and Terra Luna.

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  • BitGo acquires HeightZero to bolster crypto wealth management services

    BitGo acquires HeightZero to bolster crypto wealth management services

    • BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management.
    • BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval.
    • HeightZero’s services enhance BitGo’s capacity to offer secure long-term crypto holdings for institutional clients.

    Cryptocurrency custody specialist BitGo has made a strategic move in the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate cryptocurrencies into their clients’ portfolios.

    While the financial specifics of this acquisition have not been disclosed, the implications are clear for the growing institutional interest in the crypto market.

    Preparing for the imminent Spot Bitcoin ETF approval

    With the anticipated approval of a spot Bitcoin (BTC) exchange-traded fund (ETF), BitGo’s CEO, Mike Belshe, has issued a clear call to wealth managers and regulated investment advisors (RIAs) to take action before the ETF is launched. Belshe emphasized the importance of acting swiftly in light of the impending surge in Bitcoin demand that the ETF is expected to trigger.

    “RIAs should absolutely be calling up BitGo, getting HeightZero, getting qualified custody and doing it now, before the ETF,” Belshe said in a recent interview. “Because when the ETF hits, there’s going to be massive demand for bitcoin. Now, you can wait for the ETF, and then you can invest in that. But you’re going to miss out on a big growth.”

    HeightZero acquisition by BitGo

    HeightZero has been instrumental in simplifying the integration of cryptocurrencies into traditional wealth management practices. The platform offers a range of services, including portfolio rebalancing, statement generation, tax loss harvesting, and automated billing tailored specifically for crypto clients.

    This acquisition strengthens BitGo’s capabilities in facilitating secure long-term holdings for institutions entering the crypto market.

    BitGo recently secured $100 million in funding and has been actively seeking strategic acquisitions. While some companies in the crypto industry have faced financial challenges, BitGo’s approach underscores a commitment to a forward-looking strategy. The acquisition of HeightZero aligns with BitGo’s aim to be a leader in providing comprehensive cryptocurrency solutions to institutions, especially as the crypto market continues to evolve and gain traction among mainstream investors.

    This acquisition is a significant step for BitGo, marking a deliberate move towards servicing the wealth management sector as digital assets become an integral part of traditional investment portfolios.

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