Binance Secures Regulatory Authorization in Brazil, Its 21st Globally
#binance Binance Secures Regulatory Authorization in Brazil, Its 21st Globally Main Takeaways Binance has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in Latin Americaās most populous country, marking its 21st global regulatory milestone and solidifying its status as the most licensed cryptocurrency exchange worldwide.
Binance CEO Richard Teng highlighted Brazil's burgeoning crypto adoption and emphasized the company's com
Goldman Sachs Continues Showing Interest in Bitcoin, Ethereum and other Cryptocurrencies
#bitcoin #ethereum Back in November, Goldman Sachs submitted its 13FĀ filingĀ to the US SEC. According to the filing, the financial giant holds around $710 million worth of Bitcoin (BTC) ETFs already as of September 30, 2024. The BlackRock iShares BTC ETF is the preferred pick from Goldman Sachs, with the firm holding $461 million. The increase in Goldman Sachsā holdings highlights its bullishness on Bitcoin (BTC). Many had anticipated a rally if Donald Trump won the US Presidential election, which came to fruition. BTC hit an all-time high of $93,477.11 on Nov. 13, 2024. Since then, BTC has surpassed the $100k mark on multiple occasions but currently sits at $94,973.17. Furthermore, the firm also released a note earlier this week revealing its stance on crypto entering 2025. The investment bankās crypto trading desk is reportedly open for business with a variety of offerings. These include BTC and ETH CME futures clearing, along with OTC non-deliverable forwards (NDF) and options (NDO). Institutional crypto adoption appears to be growing, and Goldman Sachs could be one of the biggest dominos to fall in that area.
Goldman Sachs CEO Considers Entry Into Bitcoin And Ethereum Markets
In a bold move that has caught the attention of the financial world, Goldman Sachs CEO David Solomon has announced that the investment banking giant is seriously considering entering the Bitcoin and Ethereum markets. This potential shift in strategy comes as Goldman Sachs ramps up its focus on cryptocurrency services, aiming to cater to the growing demand from institutional investors Goldman Sachs has already expanded its crypto capabilities, offering Bitcoin and Ethereum futures, over-the-counter (OTC) non-deliverable forwards (NDF), and options (NDO). The bank also provides access to Bitcoin and Ether exchange-traded products (ETPs), including leading ETFs like the ARK 21 Shares Bitcoin ETF and Grayscale Bitcoin Trust
The decision to explore Bitcoin and Ethereum investments is driven by the recent surge in institutional interest and the significant growth in crypto-linked ETFs With Bitcoin prices soaring and Ethereum's smart contract capabilities making it a popular development platform, Goldman Sachs sees an opportunity to position itself as a leader in institutional crypto services However, the move is not without its challenges. The cryptocurrency market is known for its volatility, and Goldman Sachs' traditional fiat desk has reported a massive 40% drop in bond trading revenue. Despite these risks, Solomon remains optimistic about the potential of digital assets and the evolving regulatory landscape
As Goldman Sachs continues to evaluate its entry into the Bitcoin and Ethereum markets, the financial world watches closely. The outcome of this decision could have far-reaching implications for the broader adoption of cryptocurrencies and the role of traditional financial institutions in the digital economy.
What do you think about Goldman Sachs' potential move into the cryptocurrency market? Do you see it as a positive development or a risky venture? #bitcoin #ethereum
Goldman Sachs CEO Considers Entry Into Bitcoin And Ethereum Markets
In a bold move that has caught the attention of the financial world, Goldman Sachs CEO David Solomon has announced that the investment banking giant is seriously considering entering the Bitcoin and Ethereum markets. This potential shift in strategy comes as Goldman Sachs ramps up its focus on cryptocurrency services, aiming to cater to the growing demand from institutional investors Goldman Sachs has already expanded its crypto capabilities, offering Bitcoin and Ethereum futures, over-the-counter (OTC) non-deliverable forwards (NDF), and options (NDO). The bank also provides access to Bitcoin and Ether exchange-traded products (ETPs), including leading ETFs like the ARK 21 Shares Bitcoin ETF and Grayscale Bitcoin Trust
The decision to explore Bitcoin and Ethereum investments is driven by the recent surge in institutional interest and the significant growth in crypto-linked ETFs With Bitcoin prices soaring and Ethereum's smart contract capabilities making it a popular development platform, Goldman Sachs sees an opportunity to position itself as a leader in institutional crypto services However, the move is not without its challenges. The cryptocurrency market is known for its volatility, and Goldman Sachs' traditional fiat desk has reported a massive 40% drop in bond trading revenue. Despite these risks, Solomon remains optimistic about the potential of digital assets and the evolving regulatory landscape
As Goldman Sachs continues to evaluate its entry into the Bitcoin and Ethereum markets, the financial world watches closely. The outcome of this decision could have far-reaching implications for the broader adoption of cryptocurrencies and the role of traditional financial institutions in the digital economy.
What do you think about Goldman Sachs' potential move into the cryptocurrency market? Do you see it as a positive development or a risky venture? #bitcoin #ethereum
Microsoft Shareholders' Bitcoin Investment Vote Likelihood Drops to 9%
In a surprising turn of events, the likelihood of Microsoft shareholders approving a Bitcoin investment proposal has plummeted to just 9% This dramatic drop comes ahead of the highly anticipated vote scheduled for today at the company's annual shareholder meeting
The proposal, initiated by the National Center for Public Policy Research (NCPPR), suggests that Microsoft allocates 1% of its assets to Bitcoin, citing the cryptocurrency as a hedge against inflation. However, Microsoft's board of directors has advised shareholders to vote against the proposal, emphasizing the company's focus on artificial intelligence AI band the need for stability in its financial strategy
Despite initial optimism, with approval odds peaking at 22% when the poll was launched, the sentiment has shifted significantly Polymarket traders now predict a mere 9% chance of the proposal passing. This skepticism is largely due to concerns over Bitcoin's volatility and the board's recommendation to prioritize less risky investments
Microsoft's commitment to AI is evident, with the company having invested $13 billion in Open AI since 2019 This focus on AI and machine learning is seen as a strategic priority, potentially overshadowing the allure of cryptocurrency investments
As the vote approaches, the outcome remains uncertain, but the low likelihood of approval suggests that Microsoft will continue to steer clear of Bitcoin for the time being The decision will undoubtedly have implications for the broader tech industry and the perception of cryptocurrencies as viable assets for large corporations.
What are your thoughts on this development? Do you think Microsoft should invest in Bitcoin, or is their focus on AI the right move? #bitcoin #microsoft
Bitcoin(BTC) Drops Below 95,000 USDT with a 3.14% Decrease in 24 Hours On Dec 10, 2024, 16:40 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,860.929688 USDT, with a narrowed 3.14% decrease in 24 hours. #bitcoin
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I do understand some are really big and its a lot to look through, so the more the people know the better.
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Boost Your Bitcoin Returns with Babylon BTC Staking
#binanc š² Fellow Babylonian š² Babylon Labs has launched an innovative staking program that allows Bitcoin holders to earn additional rewards. By staking BTC on Bitrue, users can earn Babylon Points and up to 2.3% APR rewards1. This dual-rewards system offers both immediate and long-term incentives, making it an attractive option for Bitcoin enthusiasts. With simple, automated staking and enhanced security, Babylon BTC Staking is set to revolutionize the way Bitcoin holders maximize their inves
#binance Binance P2P Merchant Program: Unlocking New Opportunities in Crypto Trading Binance has recently revamped its Peer-to-Peer (P2P) Merchant Program, introducing a dynamic three-tier system: Bronze, Silver, and Gold. This new structure rewards merchants based on their trade volume and performance, fostering a competitive and rewarding environment1. Merchants at the Bronze level start with fundamental tools to support their growth, while those at the Silver and Gold levels enjoy enhanced v
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#ethereum In conclusion, Ethereum's journey from a whitepaper to a multi-billion-dollar platform is nothing short of revolutionary. As it continues to evolve and adapt, Ethereum's influence on blockchain technology and decentralized systems is poised to grow even further, making it a cornerstone of the digital age. š® #BURNGMT #ETHCrosses4K #EthereumPower #ElonMuskUpdates $$ETH
#bitcoin Bitcoin has played a significant role in bringing attention to digital currencies and blockchain technology. Without it, public awareness and adoption of cryptocurrencies might be lower. Bitcoin has created new investment opportunities and financial instruments. Its absence would mean fewer options for investors seeking alternative assets outside traditional markets. Bitcoin's emergence has spurred numerous advancements in blockchain technology. Without Bitcoin, the pace of innovation
$BTC Bitcoin has surged past the $100,000 mark for the first time, driven by a massive rally following Donald Trump's election victory2. The cryptocurrency's value skyrocketed from $69,374 on Election Day to a peak of $103,713. This unprecedented rise is fueled by Trump's pro-crypto stance and his plans to nominate cryptocurrency advocate Paul Atkins as the next chair of the Securities and Exchange Commission4. Despite the excitement, experts continue to caution about the inherent risks and vola