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The financial behemoth, Fidelity Investment said in an email to selected members that the wait is ended, "noting that in order to fund a new Fidelity Crypto account, a Fidelity brokerage account was required. The account promises commission-free trading of ether and bitcoin. Fidelity has embraced digital assets more quickly than the majority of other major investment firms, but not without criticism.
Game7, a decentralized autonomous organization (DAO) with a focus on Web3 gaming, introduced a $100M award program to aid in the acceleration of blockchain-enabled games by removing some of the barriers to mass adoption. In the press release, Game7 core contributor Ronen Kirsh stated that improving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games.
Major crypto investors bought 47,888 BTC over the last five days, according to Santiment, whales holding between 100 and 10,000 BTC sold off 1.36% of the crypto's total supply in the first three weeks of the month. Recent purchases are still well in excess of what was sold in November alone. Given that a "Santa Rally" typically begins on the financial markets in December, this raises the possibility that BTC whales have decided to begin amassing BTC.
Australians continue to support Bitcoin, and the boomer generation's support is growing. The Independent Reserve Cryptocurrency Index (IRCI) polled 2,000 Australians, and the results showed that Bitcoin ranked first in terms of ownership, brand recognition, and general mood. Bitcoin has the highest levels of brand awareness even though 92% of Australians have heard of cryptocurrencies. As a result, 90.80% of those surveyed had heard of Bitcoin.
Germany has the second-largest concentration of Ethereum validator nodes, thanks to the country’s early entrant advantage in the blockchain sector. The report indicated Germany accounts for nearly 6% of Europe’s blockchain funding. The European country has a 22.8% share of all Ethereum nodes, while the United States leads with 45.3%. Both countries operate more than half of the entire ETH ecosystem, which involves the need for optimal decentralization.
In 2022, a number of crypto investors lost money as the market entered a prolonged period of turbulence. The majority of owners of the meme crypto Dogecoin (DOGE), however, are still profitable in spite of the market's downturn. In fact, at the asset's price on November 28, about 61% of DOGE holders were profitable. According to data from CoinMarketCap, another 36% are experiencing losses, while 3% have achieved a profit.
Robert Kiyosaki, spoke with Mark Moss as a guest on the Rich Dad Radio Show earlier this week about the FTX collapse and bitcoin. After hearing Moss discuss FTX's issues and the numerous alleged fraudulent acts by its previous CEO Sam Bankman-Fried, Kiyosaki stated that despite the failure of crypto exchange FTX, he continues to be bullish on bitcoin, emphasizing that the actions of former FTX CEO Sam Bankman-Fried cannot be attributed to crypto.
The founder of Crypto Capital Venture, Dan Gambardello, believes that the outcome of the Ripple lawsuit will have a significant impact on the whole cryptocurrency sector. He goes on to explain that this might be a turning point that marks the beginning of the bear market's bottom. The CEO of Ripple, Brad Garlinghouse, is optimistic that the case won't go to trial because he believes the judge has enough information to make a decision without a jury.
Mark Cuban began unfollowing numerous crypto-related Twitter accounts on Monday, leading some to believe he is shifting from the industry but he said he isn't abandoning crypto because of the failure of crypto exchange FTX. He maintains his confidence in the industry and his strong belief in the potential of crypto. As long as consumers have competitive options in the crypto market, he does not expect the value of the currency to crash.
President Vladimir Putin suggested creating a system based on digital currency and blockchain tech, saying that the new system would be completely safe for participants, independent of banks and third-party interference. The President made this statement at a Sberbank-organized artificial intelligence conference. In his speech, Putin disclosed that international settlements are now threatened following the tense relations between Russia and the Western superpowers.
Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.
Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.
Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.
Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.
Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.