Crypto Ethone

According to CoinDesk, Austria's Raiffeisen Bank International plans to introduce cryptocurrency trading services for retail customers by the end of January 2024.  Initially, the service will be available to customers in Vienna, where the bank is headquartered, in partnership with cryptocurrency exchange Bitpanda.  The two companies signed a letter of intent earlier this year. Curt Chadha, the bank's head of innovation, explained that customers can access BitPanda through the Raiffeisen app on their mobile devices, offering a familiar experience with the same level of security as account-to-account bank transfers.  The bank, which has $215 billion in assets and 7.8 million customers across the European Union and eastern Europe, sees this move as a sign of increasing crypto adoption, especially in areas with clear regulatory guidelines. Chadha stated that the service targets digitally savvy customers who may only want to make small investments, unlike other banks' offerin...

Binance is the safest crypto exchange in the world. Roughly 24 hours following the announcement of a settlement with U.S. officials, Nansen reported Binance’s total holdings increased to more than $65 billion. Blockchain analytics firm Nansen reported that following a settlement for civil and criminal charges against Binance and CEO Changpeng “CZ” Zhao, outflows from the crypto exchange didn’t result in a “mass exodus of funds.” In a Nov. 22 X post, Nansen  said  roughly 24 hours after the United States Department of Justice announced a $4.3-billion settlement with Binance, the exchange has experienced a $956 million net outflow on Ethereum.  However, Binance’s total holdings increased to more than $65 billion. “Withdrawals are continuing, and we’re not seeing a mass exodus of funds,” said Nansen. “ In the past, Binance has processed higher volumes of outflow and negative netflow: Jun 2023 after the SEC sued Binance, December 2022 after insolvency rumors, a...

  The altcoins market has recently witnessed a resurgence of interest and confidence, primarily driven by the largest cryptocurrency,  Bitcoin  (BTC) . This renewed enthusiasm has resulted in a bull uptrend, with most of the top 100 cryptocurrencies benefiting from Bitcoin’s resurgence.  However, the market is currently experiencing a correction as Bitcoin and  Ethereum  (ETH) face pullbacks after failed attempts to breach upper resistance lines. Despite this correction, crypto analyst Miles Deutscher shares insights and  highlights  several altcoins with potentially significant gains. SOL Emerges As Safe Haven In Crypto Market Correction Solana has exhibited  remarkable growth , even as the broader market experiences a correction. With a 0.5% gain in the past 24 hours, SOL’s potential for further upside cannot be ignored.  Deutscher suggests that SOL may continue to benefit from the ongoing rotation of investments from other Layer-1 so...

  The FTX Factor In The Solana Price Movement After a significant dip to $51.27, Solana (SOL) is currently witnessing a notable recovery in its market price, currently trading at $55.31 (up 7%). This upswing follows a period of intense volatility, with SOL reaching a peak of $63.80 last Saturday, marking an impressive 270% rally over 61 days, only to drop almost 20% subsequently. FTX has probably been a significant influence on SOL’s price volatility. A report from Lookonchain, an on-chain analysis service, indicates that FTX’s liquidity in SOL has drastically diminished, with Solana worth only $185,000 remaining in their public addresses. “FTX deposited 250,000 SOL ($13.6 M) to Kraken 7 hours ago. Currently, FTX’s public addresses on Solana only have 3,408 SOL,” Lookonchain reported. Crypto influencer MartyParty  commented  on the situation, criticizing FTX’s strategy of liquidating SOL holdings for creditor payments as “one of the most idiotic moves in crypto history....

About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks. SOL’s price jumped above $60, as GSOL’s premium also increased. While the price may retrace, it may not take long before SOL hits $70. Despite being a notable casualty of the FTX contagion in 2022, Solana (SOL) has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11. However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital. The Big Players Are Here According to Bluntz, FTX, after getting the go-ahead to liquidate its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price ha...

The first day of November marked an eventful moment in the cryptocurrency market as altcoins surged vigorously, led by impressive gains of Solana. This rally in Solana’s value set the tone for a day where altcoins gained significant traction. (Concurrently, Bitcoin experienced a late rally, breaching the $35,500 mark. This unexpected surge in Bitcoin not only solidified its position but also contributed to the overall bullish sentiment in the market.) The day’s dynamic movements highlighted the growing influence of altcoins, particularly Solana, showcasing their capacity to drive market trends. This collective push underscored a major shift in the crypto landscape, suggesting a broader diversification of investment interest beyond Bitcoin. Solana’s recent strides in the market have been nothing short of spectacular, showcasing an astounding growth of over 80% in just a few short weeks. SOL demonstrated its bullish momentum by surging to approximately $42.30, as reported by Coingecko. W...