In a recent interview, Mathew McDermott, the head of digital assets at Goldman Sachs, shared his thoughts with FOX Business on the future of digital assets and blockchain technology. McDermott highlighted the increasing involvement of traditional financial institutions in the digital assets space over the last 12 to 18 months. He attributed this trend to a growing recognition of the potential for digital assets to create efficiencies and reduce risks in business operations, aided by improved regulatory clarity worldwide.McDermott emphasized that the digital assets market has reached a stage where the technology’s efficacy is broadly accepted, allowing the focus to shift to building out and scaling the technology. This development, he believes, is crucial for realizing the commercial value proposition of digital assets.Looking ahead to 2024, McDermott anticipates significant advancements in tokenization and the development of marketplaces, particularly in the context of investor adoption. He expects the emergence of secondary liquidity on blockchain platforms to be a key driver of this trend. According to McDermott, this development will facilitate scale adoption, especially among buy-side investors.Another area of growth McDermott foresees is in enhancing collateral mobility by addressing inefficiencies in the financial market’s infrastructure. He predicts that adopting blockchain technology will reveal immediate commercial benefits, including reduced risks and improved operational settlement.McDermott also discussed the potential impact of the approval of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, which the Securities and Exchange Commission is currently considering. He believes that such approval could attract more institutional investors to the digital assets market, even if they do not directly invest in the underlying assets. This, he says, will broaden and deepen market liquidity by creating institutional products accessible to entities like pension funds and insurers:“… it broadens and deepens the liquidity in the market. And why does it do that? It does that because you’re actually creating institutional products that can be traded by institutions that don’t need to touch the bare assets,” McDermott said. “And I think that, to me, that opens up the universe of the pensions, insurers, etc.“While McDermott does not expect an immediate major change in the marketplace following the approval of spot cryptocurrency ETFs, he predicts a gradual increase in liquidity and interest in these products throughout the year. He also anticipates growth initially focused on more traditional asset classes, gradually expanding to more opaque asset classes later in the year and beyond:“I think what you’ll see gradually and throughout the year, even if it’s approved, kind of first quarter, is a broadening and a deepening of the liquidity and those looking to trade the product. It is, as we all know, the highest performing asset class this year.“$BTC #BitcoinETF #BinanceFeed. #BinanceSquare.

The #Binance platform is rich in definition. It is the number one centralized platform in the world of cryptocurrencies.Binance is a company founded by the famous Chinese cryptocurrency billionaire zhenagping Zhao CZ in 2017. The platform received an initial funding of USD 15 million when the BNB coins were put up for initial sale and the platform did not receive any further funding after this initial funding. Binance has quickly managed to rise to the top of the cryptocurrency market, becoming the world's No. 1 platform for trading various currencies and undisputed. Currently, the company has many branches around the world and is licensed in the United States. But there is no main branch of the company yet. Although the company has recently established its own branch in the UAE, it is considered the main branch of the Middle East operations only. According to CZ, the founder of the company, Binance is a decentralized company operating in the digital currency market. Decentralization is the first sign that characterizes the cryptocurrency market and therefore CZ wants to adhere to it and give the company a decentralized spirit in line with the crypto market. What is the size of the platform Is Binance a great platform?The Binance platform is the largest cryptocurrency trading platform in the world. It is ahead of other platforms by huge strides. On CoinGecko CoinGecko you can notice the huge difference between the Binance platform and the next one. In the midst of the current bear market and after the many crises that the market has gone through, the daily trading volume of the platform is still estimated at 11 billion dollars. And this figure is about 10 billion dollars more than the next one! Also, the peak trading volume in the bull market for 2021 has reached 76 billion dollars in one day. This is in addition to the fact that BNB, the main currency of the blockchain Binance and the official currency on the Binance platform, currently has a market value of 48 billion dollars. All these figures put the Binance platform in the undisputed and unrivaled lead. Even before the fall of the FTX platform, Binance was much larger than it, although it was the rival platform of Binance. Why everyone trusts Binance platform? There are many reasons why the Binance platform has won the trust of everyone, but on top of these reasons comes CZ, the founder of the platform. Many cryptocurrency enthusiasts consider CZ to be the godfather of this field. FCZ has been present in the world of cryptocurrencies since approximately 2015 when he bought bitcoin bitcoins. The platform has also experienced a lot of difficulties and passed through it peacefully. CZ is always present on Twitter through his tweets and interactions with cryptocurrency users on Twitter. This shows the extent to which CZ is always in touch with reality, aware of customer problems and constantly striving to solve those problems. This is the most important reason why people trust the Binance platform. Binance platform is the number one utility platformThe main reason why many turn to cryptocurrency platforms and to the world of cryptocurrencies is utility. These people are looking for the cheapest and fastest secure way to move their money across continents easily and conveniently. In addition to this, the platform offers a package of various services.Support different trading options Whether you want instant Spot trading or futures and derivatives trading, the Binance platform supports you. The platform is also characterized by low trading costsDifferent blockchain networks You can transfer your digital currencies to the platform via various networks. The platform supports the Lightning Network Bitcoin Lightning Network and of course supports the Ethereum Ethereum network ERC-20. This is in addition to platform-specific networks such as BEP-20 and BEP-2. The platform also supports the Avalanche, Solana and cardano network. Finally, it supports some second-layer solutions such as Polygon and Optimism. This means that the Binance platform for the user is like a networking forum on which currencies can be easily converted and then choose the network through which currencies are sent to others or to encrypted wallets. And the availability of the platform for this number of networks made it a convenient solution for many companies in Web3 to pay employee salaries! A lot of crypto companies pay employees with digital currencies or stablecoins and the Binance platform is very suitable for this.  Also, internal transfers on the platform are free, without any fees and instant! Making the platform available for different currencies  One of the most important services offered by the platform is the possibility of the platform accepting regular cash currencies such as USD, GBP, EURO and AED. Many people suffer when they want to convert their digital currencies into cash, especially those who receive their salary as digital currencies. But on the Binance platform, some of the BTC, ETH, BNB, USDT or BUSD can be easily converted into euros or AED with the utmost ease. And this is due to the flexibility and massiveness of the platform. The platform also supports a lot of money withdrawal options, for each currency there are a lot of different options through which you can withdraw money. The opposite is also true, you can easily deposit money on the platform. Binance educational academy Binance educational academy is also constantly expanding. The platform has the largest educational academy in the world of cryptocurrencies. And on them you can learn about various terms of the cryptocurrency market. This academy is available in many languages, including Arabic, and new articles and translations in Arabic are always being added! Currently, you can earn some digital currencies on Binance through learn and earn. This is an initiative of Binance in order to increase the educational level of web 3 users so that they do not object to fraud and fraud. Investing via the Binance platform The platform also offers a lot of options for investing through it, whether by Staking Staking or through yield farming yield farming or DeFi decentralized finance and others. Investing through Flexible savings Currencies stored on the platform can be placed in flexible savings for an annual return of up to 5% or 6%. This yield in the bull market sometimes reaches 10% on stablecoins stablecoins combined with the dollar rate! The current position of the Binance platform Currently, the Binance platform is firmly leading the world of digital currencies. She is indisputably the first winner of investor confidence in this market. Currently, the platform is expanding through partnerships with various projects in the world of cryptocurrencies. The platform has also doubled the size of its staff since last year to the present time. In addition, the platform has announced the reserve for the platform. CZ decided to do this after the FTX crisis occurred in November 2022. As a result, Binance was the first of the central platforms to announce its reserve. The advertiser was enough to gain customers ' trust in the platform, unlike some other platforms.Disclaimer of liabilityAll information posted on our website is displayed on a bona fide basis and for general information purposes only. Therefore, any action, action or decision made by the reader in accordance with this information assumes his responsibility and its consequences exclusively individually and the site does not bear any legal responsibility for such decisions. At the Learn website, our first goal is to provide high-level information. We provide educational content with the right selection, research and innovation to ensure that we provide everything that is useful and interesting to our readers. And to maintain this level and continue to make great, interesting and useful content, our partners may reward us with a commission for mentioning them in our articles. However, we would like to emphasize that these commissions do not in any way affect our integrity in creating honest and useful neutral content for our dear readers without bias or preference at all.#WhaleAlert #AVAX #PYTH #BinanceSquare.

Worldcoin (WLD), the token of Sam Altman’s retina-scanning project of the same name, saw major volatility over the past few days as he was ousted from OpenAI, reported to be in talks to make a return before finally being replaced. #WLD saw a Nov. 16 high of $2.48 before starting a slide that accelerated after Altman was outed by OpenAI late on Nov. 17 in the United States which saw it drop to a low of nearly $1.84, according to CoinGecko data.It bounced back, surging 12% over the past 24 hours to reach an intraday high of $2.54 during Monday morning Asian trading then again dropped to $2.30 after Altman was replaced as CEO by Twitch co-founder Emmett Shear.Seven-day WLD price. Source: CoinGeckoAltman co-founded Worldcoin which launched in July. While the project is separate from OpenAI, WLD’s initial rebound came after reported efforts by a group of OpenAI executives and investors to reinstate Altman as CEO of the artificial intelligence firm.Worldcoin is a digital identity platform with ambitions to build a World-ID and financial system using retina scanning technology to authenticate humans amid a rise in AI technology.Related: A timeline of Sam Altman’s outing from OpenAIWorldcoin’s launch polarized the crypto community who raised questions about its centralization, privacy, and security.AI-related crypto assets have been outperforming over the past 24 hours, with the market capitalization of AI-related tokens notching a 7.2% rise to $6.5 billion with tokens such as Fetch (FET), SingularityNET (AGIX), and Akash Network (AKT) notching up double-digit gains according to CoinGecko.Magazine: AI Eye — Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees$WLD #WLD #BinanceSquare. #Binancefeed

#Bitcoin ETF Hopes Boost Wall Street; Solana and InQubeta Attract Whales"The financial realm has been buzzing about cryptocurrencies, and the recent buzz on Wall Street revolves around the eagerly awaited Bitcoin Exchange-Traded Fund (ETF).This article will delve into the intricacies of the Bitcoin ETF, the attention it has garnered from Wall Street, and the noteworthy roles played by Solana and InQubeta in piquing the interest of cryptocurrency whales. Bitcoin ETF and Wall Street's Fascination:An exchange-traded fund (ETF) is a unique type of investment fund with shares traded on a stock exchange, but what distinguishes Bitcoin ETFs is their reliance on the overall performance of the crypto market, not solely Bitcoin.The excitement surrounding Bitcoin ETFs has escalated due to their distinctive qualities and recent regulatory developments. While the fusion of traditional finance and cryptocurrencies isn't novel, Wall Street's potential $100 billion investment is currently generating excitement. The institutional interest in the Bitcoin ETF is anticipated to reshape the game by potentially injecting unprecedented amounts of capital into the cryptocurrency space, potentially altering the entire financial landscape.The Role of Solana:While Bitcoin takes center stage, Solana, a blockchain platform known for its scalability and speed, is gaining attention. Investors are attracted to Solana for its unique qualities, enhancing the narrative of the Bitcoin ETF. Solana could become a major player in the crypto space, potentially experiencing an influx of capital alongside BTC once the ETF is approved. InQubeta: Revolutionizing AI Investment:InQubeta introduces a platform facilitating fractional investment in AI startups using QUBE tokens. Their platform, unlike traditional methods, is efficient, transparent, and accessible to all, bridging the gap between investors and AI startups.At the core of InQubeta's innovation lies its unique NFT marketplace, enabling AI startups to raise funds through reward and equity-based NFTs. Investors can seamlessly participate using QUBE tokens, contributing to a more transparent, secure, and democratic investment ecosystem. InQubeta aims to empower promising AI startups by leveraging blockchain and smart contracts, positioning itself as an AI Crypto Titan. Whale Attention and Market Dynamics:"Whales" are significant players in the top crypto market with substantial holdings. Their involvement in the Bitcoin ETF narrative complicates market dynamics, becoming a central theme in forecasting and interpreting market movements.The market has already responded significantly to the mere mention of Wall Street's interest in a Bitcoin ETF. Amid the cryptocurrency community's eagerness to witness how institutional and retail players manage this new chapter, speculations, swings, and price fluctuations are prevalent. Conclusion: A Crypto Landscape UnfoldingIn conclusion, an enthralling scene is unfolding in the cryptocurrency world, driven by the convergence of Wall Street's interest, the anticipation of a $100 billion investment, Solana's distinctive contributions, InQubeta's strategies, and the attention of crypto whales. With the Bitcoin ETF taking center stage, significant changes in the future of the best crypto investments appear likely.$BTC #BTC #Binancefeed #BinanceSquare. #Bitcoin2024

In a notable development within the cryptocurrency market, Bitcoin spot exchange-traded funds (ETFs) in the United States are now on the brink of potential simultaneous approvals in January. Analysts posit that the recent decision by the Securities and Exchange Commission (SEC) to postpone the considerations for Franklin Templeton and Hashdex #ETFs has effectively paved the way for a smooth approval process. Strategic Maneuvers by the SEC Bloomberg ETF analyst James Seyffart decided to shed light on the SEC’s strategic moves. He emphasized that the SEC’s delay in deciding on the ETF applications occurred 34 days prior to the decision deadline of Jan. 1, 2024. The SEC has called for comments on forms submitted by Templeton and Hashdex, forms crucial for the ETFs to secure listing and commence trading. The designated comment and rebuttal period is set to last 35 days. Seyffart and colleague Eric Balchunas had previously assigned a 90% likelihood of spot Bitcoin ETF approvals by January 10 of the following year. Seyffart contends that the recent delays strongly indicate that the SEC is orchestrating the alignment of all applicants for potential approval by the January 10, 2024, deadline. Balchunas echoed this sentiment, proposing that the SEC is likely seeking to “clear the runway” by swiftly addressing these delays. However, commercial litigator Joe Carlasare provided a slightly divergent perspective, suggesting that the delays might elevate the probability of approval in March 2024. He highlighted the extension of the comment period for Franklin’s ETF bid until January 3, 2024, and noted the SEC’s typical three-week maximum duration for reviewing comments. Nevertheless, Carlasare maintained that January remains the favored timeline, speculating approval on either January 5 or January 8. Distinctive Position of Franklin On November 28, Franklin Templeton submitted an updated Form S-1 for its ETF, a crucial document for registering securities with the SEC. Seyffart had previously underscored that Franklin stood out as the only bidder yet to submit an updated prospectus. Balchunas, while supportive of the idea of simultaneous ETF launches, expressed reservations about Franklin potentially being granted approval to launch its ETF on the same day as other providers, despite submitting the form months later. Going super early on Franklin today (and potentially hashdex coming too?) would set things up for a full wave of approvals in early January. Might be the reasoning? pic.twitter James Seyffart (JSeyff) November 28, 2023 Also Read: Bitcoin: GBTC May Lose $2.7B If ETF Approved: JPMorgan Evolution of Market Dynamics Amidst these regulatory developments, the cryptocurrency market’s dynamics are undergoing continuous transformation. Reports suggest that Bitcoin’s supply on exchanges is shifting towards self-custody, signifying a trend where users opt to securely hold their assets rather than keep them on exchanges. Concurrently, the ten largest Tether exchange wallets currently hold $15.23 billion, indicating a notable increase in exchange buying power to its highest level in 17 months. Source Additionally, at press time, BTC was trading at $37,959.20 with a 2.47% daily rise. Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge The recent delays in the approval process for Bitcoin spot ETFs in the United States have triggered anticipation and speculation among analysts. As the cryptocurrency market eagerly anticipates regulatory clarity, the prospect of simultaneous approvals in January 2024 emerges as a potential game-changer. The nuances of Bitcoin’s supply dynamics and the surge in Tether exchange wallet holdings contribute additional layers of complexity to the evolving narrative of cryptocurrency adoption and market dynamics.#ETF #binancefeed #BinanceSquare.

SEC holding rare joint conference call' with spotU.S. Securities and Exchange Commission (SEC) is rumored to be speaking with multiple spot Bitcoin ETF applicants at once according to a Dec. 21 report.FOX Business correspondent Charles Gasparino wrote on X:“SCOOP: [The SEC] is having what’s described as a rare joint conference call with prospective “spot” [Bitcoin] ETF filers, as its closely watched decision looms on whether to give these [companies] the green light to sell to small investors access to crypto.”Eleanor Terret, also a FOX correspondent, said that the call involved ensuring that applicants are committed to a cash creation model. Terret added that the SEC told applicants to “remove all hints of in-kind redemptions from their filings.”An in-kind model would allow for certain Bitcoin transactions among ETF industry participants. Recent updates to BlackRock’s filing have already replaced mentions of in-kind with cash but leave room for an in-kind model pending approval.None of the involved parties have publicly confirmed the above call. Previously, the SEC has confirmed individual meetings, albeit not always immediately.Jan. 10 emerges key dateThe rumored conference call may indicate that the SEC may soon decide on spot Bitcoin ETF applications. Many experts suggest this will occur by Jan. 10, 2024.FOX Business itself has supported expectations of an ETF approval in the new year. In an article on Dec. 20, Gasparino and Terret wrote that sources close to various firms believe that an ETF will be approved by Jan. 10. Until now, the January deadline has largely been mentioned by members of unrelated companies and news sources rather than company insiders.Most sources expect approval by Jan. 10 based on public knowledge of a deadline by which the SEC must decide on an application from Ark Invest. Meetings between the regulator and numerous applicants, plus updates to filings, are also producing optimism — especially due to the SEC’s engagement with BlackRock, the most significant of the current ETF applicants.Separately, a legal ruling obtained by Grayscale requires the SEC to review (but not approve) its application. This has similarly produced optimism.Despite widespread expectations around approvals, the SEC could reject any application in January. It has not approved any spot Bitcoin ETF to date.$BTC #BTCETF #Binancefeed #BinanceSquare.