Unter dem britischen Premierminister Rishi Sunak wird der ehemalige Wirtschaftsminister Andrew Griffith der nächste Minister für Wissenschaft, Innovation und Technologie.
ETH20 Thrives in Presale As Ethereum Is Forecast to Soar to $4k, Say Experts
The cryptocurrency space has been dominated recently by Ethereum, and it’s not difficult to understand why. ‘Uptober’ eventually lived up to its reputation as Ethereum led the crypto market out of bearish terrains. Now, in November, traditionally Ethereum’s most fruitful month, the token is regularly setting new annual highs.
As experts steer towards a likely $4k milestone for Ethereum, a related project – ETH20 – is making strides during its presale. Before we delve into Ethereum’s outstanding performance, let’s explore the blossoming potential of the ETH20 token.
ETH20 Token – Capitalizing on Ethereum’s ETF Progress
November 9th witnessed an unusual 12% surge in Ethereum’s price within 24 hours. This significant jump, the most significant in over half a year, was prompted by a small progression in BlackRock’s Ethereum ETF application. The ticker for BlackRock’s spot Ethereum ETF simply got listed on the Depository Trust & Clearing Corporation’s website, enough to trigger a considerable price pump for Ethereum.
The ETH20 token seems well-positioned to capitalize on these gains. If this small news could trigger such a pump for Ethereum, it’s exciting to imagine what it could do for a token like ETH20. As every bit of progress is made with BlackRock, or any Wall Street company’s Ethereum ETF application, ETH20 is likely to benefit. The token’s presale, still in its early stages, has already raised over $2.5 million, indicating rising interest.
Ethereum Alternatives: ETH20’s Added Utility
While ETH20’s success appears closely tied to Ethereum, it has put in place mechanisms to become a valuable token in its own right. Staking forms the core of the ETH20 ecosystem, promising potential passive income for investors. An impressive 65% of the total allocation of ETH20 is dedicated to staking, allowing investors to start immediately upon purchasing their tokens.
The project also cleverly leverages scarcity, a characteristic that becomes increasingly valuable in the crypto market over the years. As the project reaches various milestones, a certain proportion of the tokens will be bought back and burn until the goal is attained. The project also includes ETH20 Avatar NFT rewards, offering free minting for early investors who purchase $200 worth of tokens, an enticing passive income opportunity.
Ethereum’s Promising Outlook
Ethereum’s price performance over the last 30 days has been nothing short of phenomenal, delighting not just its investors but the entire crypto community. Given that we’re midway through November, traditionally Ethereum’s most profitable month, it’s reasonable to expect Ethereum breaking the $4k mark.
With Bitcoin’s next halving event just a few months away, it seems plausible that $4k may just be a stepping stone for Ethereum on its path to achieving a new record high. Some experts even believe that Ethereum might experience such a massive breakout that it enters the mainstream consciousness – a prediction that we find compelling.
Conclusion
Ethereum’s outlook appears more promising than ever, and its related project, ETH20, mirrors this positive trend. ETH20 has excelled in its presale and looks set to deliver substantial returns for investors upon its listing. As Ethereum continues to dominate the crypto space, projects like ETH20 that leverage its progress and offer additional utility shine brightly, hinting at a prosperous future for investors.
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Trading frenzy hits Chainlink as Ethereum builds momentum and BorroeFinance presale shines
Grayscale’s Chainlink Trust Shares recently appreciated by 200%, igniting a buying trend among LINK bulls. Also, Blackrock’s spot Ethereum filing triggered a surge in the price of Ethereum (ETH).
Meanwhile, BorroeFinance ($ROE) leads top DeFi projects with a remarkable presale performance.
Let’s find out which is the best cryptocurrency to invest in.
Grayscale’s Chainlink Trust hits $44: can LINK touch $20?
On November 9, Grayscale revealed a significant development in its Chainlink Trust Shares via its official website. According to the company, its Chainlink Trust Shares increased by a 200% premium. This comes as Chainlink (LINK) makes remarkable chart upside moves.
ChainLinkGod, a LINK fan and X user commented on the development around the Chainlink Trust. He said the commodity is the first security whose movement aligns with LINK and draws strength from the token.
The Chainlink Trust Shares’ connection to LINK makes it possible for investors to invest in LINK without making an actual purchase.
Lately, Chainlink (LINK) has been in an uptrend, gaining 24.36% between November 6 and November 10. This rally saw LINK rise from $12.23 to $15.21. Meanwhile, experts remain bullish on Chainlink, with their recent prediction seeing LINK attain the $25.00 region in the long run.
This projection indicates an anticipated 9.79% increase in the price of LINK.
Ethereum rises 10% amid Blackrock Spot Ethereum ETF news
On November 9, ETF analyst James Seyffart called attention to a recent spot Ethereum ETF filing by Blackrock.
James noted on the X platform that the firm confirmed the ETF application with Nasdaq, bearing serial number 19b-4. The news traversed the crypto community, sparking excitement among Ethereum (ETH) users.
This development tipped Ethereum (ETH) into a rally. Ethereum (ETH) experienced a value surge between November 6 and November 10, bouncing from $1891.71 to $2085.14. This jump portends a 10.23% boost in the market value of Ethereum (ETH).
Another factor behind this surge is a recent network development. According to on-chain analytic firm Santiment, small addresses holding 0.1 ETH and less had risen to 100,000 for the first time. Likewise, wallets holding from 10 to 10,000 ETH also went up.
Experts noted in their Ethereum price prediction that ETH could push further to $2,500, moving at its current pace. This suggests a potential 4.82% rally in the price of ETH.
BorroeFinance outperforms leading cryptocurrencies in its presale
BorroeFinance ($ROE) has been making waves on the crypto scene since its birth. The new DeFi project caught the eyes of institutional investors with its remarkable growth potential and presale performance. While in its presale phase, BorroeFinance ($ROE) has outperformed top crypto coins, simultaneously amassing substantial gains for investors.
BorroeFinance ($ROE) is an AI-driven funding marketplace empowering content creators and Web3 participants to swiftly generate cash flow by selling future earnings, including subscriptions, royalties, and invoices, to supportive communities.
Content creators leverage BorroeFinance to mint NFTs representing their future or outstanding invoices, discounted and traded on the marketplace to generate funds. BorroeFinance ($ROE) enhances buyer convenience by facilitating automatic repayments on its platform.
$ROE, the native cryptocurrency of BorroeFinance, is a Polygon-compatible deflationary token. It was developed to facilitate activities on BorroeFinance, including payment of transaction fees. This function makes $ROE a utility token whose value tends to grow over time.
Currently priced at $0.015 in the second stage of its public presale, $ROE aims for a 167% surge to reach its target price of $0.040. This projection positions BorroeFinance as a promising DeFi project in the market.
To learn more about BorroeFinance ($ROE) Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter.
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IMF MD asks for global preparation for central bank digital currencies (CBDCs)
- IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival.
- CBDCs are a potential cash replacement, enhancing resilience, and promoting financial inclusion.
- IMF introduces CBDC handbook and acknowledges BIS’s role in global digital finance experiments.
In a compelling address at the Singapore FinTech Festival, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged nations to ready themselves for the eventual deployment of central bank digital currencies (CBDCs).
Georgieva expressed optimism despite acknowledging that the widespread adoption of CBDCs is still on the horizon, with approximately 60% of countries currently exploring these digital currencies in some capacity.
CBDCs as a replacement for Cash
Georgieva underscored the potential of CBDCs to replace traditional cash, offering heightened resilience in advanced economies and fostering financial inclusion in underbanked communities. According to her, CBDCs can coexist with private money, as a secure and cost-effective alternative.
The IMF head emphasized the crucial role of technological infrastructure in CBDC projects, emphasizing personal data protection and considering the integration of artificial intelligence (AI) to enhance national digital currencies. She particularly stressed the importance of CBDCs being designed to facilitate cross-border payments, addressing the current issues of expense, slowness, and limited accessibility.
Georgieva’s argument comes amid fears that CBDCs risk attracting money launderers and cyber criminals.
IMF’s CBDC virtual handbook and collaborative efforts with BIS
During the event, Kristalina Georgieva introduced the IMF’s CBDC virtual handbook, marking a milestone in the ongoing discourse around the global adoption of digital currencies. She also acknowledged the pivotal role of the Bank for International Settlements (BIS) in supporting the public sector’s experimentation with digital money.
In recent initiatives, the IMF has actively engaged in analysing necessary crypto regulations, presenting a crypto-risk assessment matrix (C-RAM) aimed at helping countries identify potential risks in the cryptocurrency sector.
The collaborative effort of the IMF and BIS, as exemplified in the Synthesis paper, was unanimously endorsed by the G20 Finance Ministers and Central Bank Governors Communique in October, indicating growing global interest and commitment in shaping the future of digital finance.
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OKX partners with Komainu and CoinShares for institutional segregated asset trading
- OKX teams up with Komainu and CoinShares for institutional asset trading.
- CoinShares trades on OKX, while Komainu safeguards assets, mitigating counterparty risks.
- The collaboration establishes a legally robust mechanism, enhancing the reliability of institutional transactions.
In a strategic move aimed at fostering institutional adoption of digital assets, cryptocurrency exchange OKX has entered into a partnership with custody provider Komainu and asset manager CoinShares.
This collaboration, designed to facilitate round-the-clock trading of segregated assets, addresses a crucial concern for institutional traders—counterparty risks.
The partnership comes right on the heels of another OKX partnership with Polygon that saw OKX launch a ZK-powered L2 network built with Polygon CDK.
Mitigating counterparty risks with a traditional touch
In this innovative partnership, CoinShares will execute trades on the OKX exchange, while Komainu, functioning as a third-party custody provider, safeguards the collateral assets. The segregation of assets and the involvement of trusted custodians aim to mitigate counterparty risks, providing institutional traders with a level of assurance mirroring traditional financial market practices.
According to Sebastian Widmann, head of strategy at Komainu, this step is essential to attract institutions to adopt digital assets. By acting as independent, trusted, and regulated custodians for collateral assets, Komainu seeks to instil confidence in institutional clients throughout their trading lifecycle.
Lennix Lai, Chief Commercial Officer at OKX, emphasizes that while secure custody solutions, regulatory frameworks, and deepening exchange liquidity are in place, counterparty risk remains a significant hurdle for institutional traders. The collaboration aims to provide a legally robust mechanism for the mutual management of assets, demonstrating expertise in negotiating complex tripartite agreements covering collateral, security, and legal risks—critical aspects for institutional investors.
This partnership aligns with the ongoing trend in the crypto industry, focusing on enhancing infrastructure and risk management practices to attract traditional finance investors. As institutional interest continues to grow, initiatives like these contribute to creating a more reliable landscape for institutional transactions in the digital asset space.
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