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 crypto.io
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
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Additional Tips
- Conduct thorough research before investing in any cryptocurrency.
- Diversify your portfolio to minimize risk.
- Invest only what you can afford to lose.
- Be prepared for volatility in the cryptocurrency market.
- Seek professional advice if you are unsure about any investment decisions.
