Short crypto news:
- Bitcoin (BTC) is hovering around $28,000, but analysts say it could go higher. The crypto market has been relatively quiet in recent days, but Bitcoin could see a boost if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF).
- Ethereum (ETH) is also trading around $1,300, but its performance in October could be driven by the upcoming Ethereum Merge. The Merge is a major upgrade to the Ethereum network that will transition it from a proof-of-work to a proof-of-stake consensus mechanism.
- Dogecoin (DOGE) miners have cut their reserves to an all-time low of 4.35 billion. This could be a sign that miners are losing confidence in Dogecoin or that they are selling their coins to cover costs.
- Crypto lending platform Nexo is phasing out cashback for UK exchange and card transactions. This is likely due to new regulations from the UK Financial Conduct Authority (FCA).
- Bitcoin financial services firm Swan has unveiled a "collaborative custody" service. This service allows users to store their Bitcoin in a secure vault while still maintaining control over their private keys.
In other news, Asian banking giant DBS is reportedly expanding its crypto operations. DBS is said to be hiring more crypto talent and looking to launch new crypto products and services.
#opbnb #ETH #crypto2023 #Layer2 #BTC
- Bitcoin (BTC) is hovering around $28,000, but analysts say it could go higher. The crypto market has been relatively quiet in recent days, but Bitcoin could see a boost if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF).
- Ethereum (ETH) is also trading around $1,300, but its performance in October could be driven by the upcoming Ethereum Merge. The Merge is a major upgrade to the Ethereum network that will transition it from a proof-of-work to a proof-of-stake consensus mechanism.
- Dogecoin (DOGE) miners have cut their reserves to an all-time low of 4.35 billion. This could be a sign that miners are losing confidence in Dogecoin or that they are selling their coins to cover costs.
- Crypto lending platform Nexo is phasing out cashback for UK exchange and card transactions. This is likely due to new regulations from the UK Financial Conduct Authority (FCA).
- Bitcoin financial services firm Swan has unveiled a "collaborative custody" service. This service allows users to store their Bitcoin in a secure vault while still maintaining control over their private keys.
In other news, Asian banking giant DBS is reportedly expanding its crypto operations. DBS is said to be hiring more crypto talent and looking to launch new crypto products and services.
#opbnb #ETH #crypto2023 #Layer2 #BTC