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Bitcoin and Ethereum Holders: Prepare for Impact

Bitcoin and Ethereum Holders: Brace for Impact
Bitcoin and Ethereum Holders: Brace for Impact

Market Overview

The cryptocurrency market is showing signs of recovery, with the total market cap up 1.06% in the past 24 hours, standing at $1.41 trillion. Bitcoin is leading the charge, up 4.19% in the last 24 hours to $37,634.83. Ethereum is also above $2,000, showing a positive trend.

Crypto Headlines

Bullish Exchange Acquires CoinDesk

In a significant development, Bullish, an exchange founded by NYS president Tom Barley, has acquired 100% of CoinDesk in an all-cash deal. While this acquisition could bring new resources and opportunities to CoinDesk, it also raises concerns about potential conflicts of interest and market manipulation.

MasterCard’s Efforts Against Crypto Fraud

MasterCard is doubling down on its efforts to combat crypto fraud by leveraging artificial intelligence (AI) to detect and tackle suspicious transactions. This move highlights the growing concern about fraud in the crypto space and the need for robust security measures.

New Bitcoin-Friendly President in Argentina

Argentina’s newly elected president, Alberto Fernandez, has expressed strong support for Bitcoin, signaling potential adoption of the cryptocurrency in the country. This development could have a significant impact on the adoption of Bitcoin in South America.

Binance Parts Ways with Anti-Crime Staff

In a surprising move, Binance has reportedly laid off staff working on anti-crime efforts. This decision raises concerns about the impact on Binance’s commitment to security and regulatory compliance.

Crypto ETP Volume Surge

Cryptocurrency exchange-traded products (ETPs) are gaining traction, with volume surging 91% between January and October 2023. Bitcoin accounts for 75% of the ETP market, highlighting its dominance in the institutional investment space.

Santander Private Bank and Crypto Trading

Santander Private Bank, a division of the Spanish banking giant, has introduced Bitcoin and Ethereum trading for its clients in Switzerland. This move indicates growing institutional interest in cryptocurrencies and could pave the way for wider adoption among wealth management firms.

Global Crypto Adoption and Opportunities

Opportunity in Crypto Investment

The potential for generational wealth creation through blockchain and crypto investments is immense. However, it is crucial to stay informed, conduct thorough research, and invest wisely for long-term gains.

Record Low Supply of Bitcoin and Ethereum

The active supply of Bitcoin and Ethereum is at record lows, highlighting the scarcity of these assets. Despite the low supply, demand remains high, indicating a significant opportunity for investors.

Promotion and Resources

Discord Community and Educational Resources

Join the Cheeky Crypto Discord community with over 7,000 members for meaningful crypto discussions and expert insights. Access a wealth of educational resources and expert insights through cheeky

Black Friday Crypto Deals

Take advantage of Black Friday deals on Ledger hardware wallets and the Keystone family bundle with significant discounts. Don’t forget to stake ADA to the Cheeky Pool to support Cardano’s ecosystem.

Closing and Community Engagement

The Cheeky Crypto channel is committed to transparency, honesty, and supporting the crypto community. Like, subscribe, and engage with the community in future videos to stay informed and connected.

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