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- Ho Ho HODL! Christmas Comes Early For BTC
Ho Ho HODL! Christmas Comes Early For BTC
Bitcoin is trading above $43K after crossing the level yesterday, but it was noted that large amounts of BTC tokens are being sent to exchanges
The BTC price was able to surpass $43K yesterday, but short-term holders are actively sending their tokens to exchanges.
On Tuesday, BTC’s price was able to break above the $43,000 mark, which was a 160% increase year-to-date for the market leader. Many attribute BTC's price successes to its reputation as a reliable store of value and growing the interest from institutional investors in anticipation of the potential approval of a U.S. Spot Bitcoin ETF. In the meantime, around $5 billion worth of tokens has been moved to cryptocurrency exchanges by short-term BTC holders. This could suggest that these holders are gearing up to sell some or all of their holdings.
Societe Generale, the third-largest bank in France, has introduced its first digital green bond as a security token. This bond has been launched on the Ethereum public blockchain and is valued at 10 million euros.
Societe Generale's subsidiary, Forge, introduced a groundbreaking digital green bond on Nov. 30, valued at 10 million euros (around $11 million) with a three-year maturity period. Distinguishing itself from traditional financial instruments, this bond stands out because of its transparency and eco-friendly focus. It is designated as "green," which means that the proceeds from its issuance will exclusively support environmentally responsible projects and businesses falling under eligible green activities.
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken for selling cryptocurrencies, but it seems to be a recycled version of a losing lawsuit.
The lawsuit against Kraken by the SEC is poised to join a growing list of regulatory failure in the cryptocurrency industry, reminiscent of the SEC's previous legal actions against Coinbase. This recurring pattern of assertive yet ill-informed regulation enforcement not only proves ineffective but also damages the SEC's credibility a lot. It certainly sends a message that the regulator is more focused on flexing its regulatory authority than on fully grasping and adapting to the dynamics of emerging technological industries.
In 2023, Animoca Brands emerged as the largest validator on the TON blockchain, leveraging the vast user base of Telegram to increase the adoption of GameFi.
In anticipation of growing mainstream institutional interest in Bitcoin in 2024, Animoca Brands co-founder Yat Siu is optimistic about the potential of several investments and partnerships. One notable collaboration announced on Nov. 28 is their strategic partnership with The Open Network (TON) blockchain. As part of this venture, Animoca Brands invested in an undisclosed amount of Toncoin, which was subsequently staked as part of their validator agreement.
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