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Peter Davis

An writer at FOMOdrive

  • Nov 15, 2023
  • 3 min read

Bitcoin is ready to reach new highs of the year above $38,000

After experiencing a two-day dip, Bitcoin is now poised to reach new heights for the year.

Solana's stock rose by 18% due to speculation.

O'Leary predicted that the SEC may not give the green light to a spot ETF for another year and a half.

In 2023, the SEC was able to reclaim a total of $5 billion from 784 different claims.

A crypto wallet for Android has been released by Uniswap Labs.

On Wednesday, Bitcoin experienced a surge of $2,000 (over 5%) and is now close to reaching $38,000. Additionally, Solana saw an increase of 18% due to speculation that FTX has sold off its token holdings.

For fiscal year 2023, the U.S. Securities and Exchange Commission (SEC) brought 784 enforcement actions and collected $4.9 billion in penalties, of which $930 million was distributed to harmed investors.

Despite an overall downward trend in 2023, Binance Research noted that the crypto market showed resilience in the third quarter, maintaining a stable pace of venture deals and investment volumes. The most money was invested in projects related to gaming, payment systems and trading platforms.

BlackRock, a frontrunner in the competition for Bitcoin ETFs, has warned that stablecoins like USDT and USDC could be a danger to the original cryptocurrency.

Kevin O'Leary, host of Shark Tank, proposed that the US SEC could take up to an additional year and a half to approve a Bitcoin spot ETF. This would require a crypto exchange that is in full compliance with SEC regulations.

On November 14th, false news about a BlackRock application to launch an ETF based on the XRP token was spread, causing the coin's quotes to rise by 15% in 30 minutes. However, BlackRock has since filed a complaint with US law enforcement and the quotes have returned to their previous levels.

Citigroup, a US-based financial conglomerate, has unveiled an app that utilizes blockchain technology and smart contracts to facilitate bilateral spot foreign exchange transactions.

Standard Chartered Bank's investment arm, SC Ventures, has teamed up with Fundbridge Capital to introduce a Singapore dollar government bond tokenization platform in Singapore.

Uniswap Labs has unveiled a new crypto wallet app for Android users. This tool enables users to make exchanges through a decentralized exchange directly within the app, eliminating the need for a separate browser extension.

Kaiko reports that Solana (SOL) has seen a remarkable 520% increase in value over the past 12 months, making it the sixth largest cryptocurrency by market capitalization. Analyst Jacob Canfield believes that SOL could reach an incredible $1,000 in the near future.

The attractiveness of Solana's altcoin will be boosted by partnerships with tech giants such as Google, Circle and Amazon. Furthermore, the value of the digital currency will be further enhanced by the growing number of DeFi protocols built on the Solana blockchain.

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