Coin circle news focus:

  • Will Bitcoin Break to $45,000? Matrixport predicts the time is coming

  • Bitcoin ATM in El Salvador will be upgraded to support Lightning Network

  • HSBC will launch tokenized securities custody and join forces with Ripple Venture Capital

The currency circle boss said this:

  • ZERO IKA: "When will altcoins usher in spring?"

Critical hit chance this week:

  • Mingo: "Blockchain game platform airdrop ambush!"

Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.11.08 AM 08:00 ~ 2023.11.09 AM 08:00

Coin News Focus

Will Bitcoin Break to $45,000? Matrixport predicts the time is coming

Cryptocurrency technology service Matrixport says that Bitcoin price BTC is about to break through the key $36,000 level. The current good news includes stable Bitcoin buying during U.S. trading hours, as well as the upcoming more relaxed macroeconomic situation, the fall in bond yields and the slowdown in the pace of long-term debt issuance by the U.S. Treasury Department, which will be conducive to the rise of Bitcoin prices. , Matrixport reports that it will exceed US$45,000 by the end of 2023.

Currently, in addition to Bitcoin, many project altcoins include LINK, SOL, CAKE, MATIC and other currencies, all of which have experienced increases of more than 20% in the recent past. Many investors in the currency circle believe that the opportunity for a bull market has arrived. Bitcoin was trading at $35,875 at press time, up 1.7% in the past 24 hours and 1.2% in the past seven days.

 

Bitcoin ATM in El Salvador will be upgraded to support Lightning Network

As an African country that supports Bitcoin as a legal currency, El Salvador has announced that its domestic Bitcoin ATMs will soon undergo a technical upgrade and introduce a Lightning Network with lower fees to facilitate users to make smaller and possibly more frequent transactions. trade.

Lightning Network is a second-layer expansion solution based on the Bitcoin blockchain. It allows users to send and receive Bitcoin quickly and at low cost while sacrificing some decentralization. It has already been implemented by many cryptocurrency wallets and exchanges. This technology. The country’s Bitcoin ATM providers, Athena and Genesis Coin, have announced that installations will be completed by the first quarter of 2024, with upgrades to 100 ATMs completed by the end of December.

 

HSBC will launch tokenized securities custody and join forces with Ripple Venture Capital

Global financial giant HSBC announced that it will cooperate with Metaco, a technology company backed by Ripple (the issuer of XRP), to launch a tokenized securities custody platform for institutional investors in 2024. The new service will be launched in conjunction with the recently launched gold tokenized custody solution.

Tokenized securities are typically based on blockchain technology to create digital versions of real-world assets, such as stocks, ETFs, or bonds. Zhu Kuang Lee, Chief Digital Innovation Officer of HSBC, said that this move was implemented in response to the increasing demand from asset managers and holders for digital asset custody and fund management.

 

Other currency news

  • The well-known luxury brand Gucci will open an exhibition in the metaverse game project The Sandbox. Gucci Cosmos Land provides users with a unique way to interact.

Full version of Lian Xi’s birthday report

Watch the boss’s views and critical attack opportunities this week

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