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London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) announced its intention to accept Bitcoin and Ethereum exchange-traded note (ETN) applications, signaling a significant shift towards the integration of digital currencies into traditional financial markets.
LSE Announces Acceptance of Crypto ETNs

The launch of the Bitcoin (BTC) and Ethereum (ETH) ETNs on the LSE platform marks a crucial development for investors seeking regulated pathways into the rapidly evolving crypto sector. These instruments are designed to track the price movements of Bitcoin and Ethereum, creating a link between the dynamic prices of cryptocurrencies and the traditional stock market structure.

“The proposed Crypto ETN: (a) is physically backed, that is, without leverage; (b) has a market price or other measure of the value of the underlying that is reliable and publicly available”, highlights the focus on security and transparency of this innovative product. The fact sheet details also emphasize the protection of assets through cold storage, thereby increasing investor confidence in the sustainability and security of these offerings against online risks.

This decision by the LSE to adopt crypto ETNs reflects the evolving regulatory landscape and the growing acceptance of crypto assets in the financial sector. This comes after the UK Financial Conduct Authority (FCA) indicated its openness to cryptocurrency-related ETNs.

Mikkel Morch, founder of digital asset investment fund Ark36, spoke to Bitcoin.com News, stating that the rise in Bitcoin prices to all-time highs coincides with the FCA facilitating the introduction of crypto-connected exchange-traded products.

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Bitcoin cryptocurrency exchange Cryptocurrency news

Cryptocurrency Price Prediction: BitBot, BabyBonk, Cryptex Finance

Cryptocurrency prices were mixed over the weekend as investors focused on upcoming US inflation data. Bitcoin remained slightly below $70,000, while Ethereum was stuck at $3,950. Tokens like BabyBonk, Cryptex Finance, and Rarible rose, while others like Wen, Solama, and Coq Inu fell by double digits. This article discusses what to expect from BitBot, CTX and BabyBonk.

BabyBonk Price Prediction

BabyBonk is a meme coin that was designed inspired by Baby Doge Coin, one of the main tokens today. It is a BNB token that aims to be a better alternative to Bonk, the fourth largest meme coin in the world.

Aside from simply being a meme currency, the token has more uses, such as an NFT collection of 1,000 unique cards. It also has a unique card game known as Bonk Royale that people can play and earn rewards.

BabyBonk price rose sharply over the weekend, reaching a high of $0.000000000099, its highest point since March 4. The token has skyrocketed above all moving averages and is approaching its all-time high of $0.000000000010.

It also became very overbought, with the Relative Strength Index surpassing 100. The MACD indicator also spiked. Therefore, the outlook for BabyBonk price is moderately pessimistic as some investors begin to take profits. If this happens, the token could fall and retest the support at $0.000000070. It will then recover as other cryptocurrencies recover.

Unlike BabyBonk and Cryptex Finance, BitBot is not a cryptocurrency you can trade for now. Instead, it is a crypto project that moved to token sales before its release to the public market.

BitBot is a company that aims to revolutionize the financial trading sector. The developers intend to launch a Telegram bot that will send signals to thousands and even millions of users around the world.

Unlike many other Telegram bots, this one will be non-custodial, ensuring users maintain full control.

The other benefit is that it will be a decentralized bot, ensuring that $BITBOT token holders will have a say in the network. They will be able to vote on important decisions and also receive part of the income generated.

The BitBot token sale is going well and the developers have raised over $900,000 from global investors. These investors hope to benefit from the token’s eventual listing in the coming weeks. You can buy the BitBot token here.

Cryptex Finance Price Prediction

Cryptex Finance’s CTX token has become one of the best-performing cryptocurrencies on the market. It rose to a high of $6 on Saturday, giving it a market value of more than $28 million. As it rose, the token crossed the important resistance point of $3.75, its highest point in March. This invalidated the double top pattern.

Cryptex held above the 50-period moving average and formed what appears to be a bullish pennant pattern. Therefore, the outlook for the token is extremely bullish, and the next point to watch is $6. A break above this point will confirm the bullish outlook.

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Bitcoin Cryptocurrency news Investment News

Arizona State Considering Adding Digital Asset Exposure to Retirement Funds

Arizona is evaluating whether to add exposure to digital assets in government pension funds’ investment portfolios.

A new resolution passed by the Arizona state legislature would take a step toward converting pension funds for government and public safety employees into exchange-traded funds (ETFs) based on digital assets.

The proposal comes about a month after the US Securities and Exchange Commission (SEC) approved Bitcoin (BTC) spot ETFs. The agency may also approve additional ETFs for other digital assets like Ethereum (ETH) at some point in the future.

If passed, the resolution calls on the Arizona State Retirement System (ASRS) and Public Safety Personnel Retirement System (PSPRS) to take several actions that could lead to retirement funds gaining exposure to digital assets.

There are three main actions that ASRS and PSPRS must take:

“a) consider the implications of including a digital asset ETF in your investment portfolios.

b) closely monitor the development of Bitcoin ETFs and other digital asset ETFs and consider the implications of including such assets in your investment portfolio after consulting with any company to which the U.S. Securities and Exchange Commission has granted approval to offer a Bitcoin ETF digital assets.

c) present a comprehensive report on the feasibility, risk, and potential benefits of allocating a portion of state retirement system money to digital asset ETFs, including a list of options and recommendations on how the state could safely invest in the class of digital assets for the State. Treasurer, President of the Senate and Speaker of the House of Representatives at least three months before the beginning of the Fifty-seventh Legislature, First Regular Session.”

The Republican-sponsored resolution recently passed the state Senate by a vote of 16 to 13. Only Republicans voted for it, while only Democrats opposed it. The resolution is now being considered by the state House.

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Bitcoin Bitcoin Investment Cryptocurrency Investment HYIPs Investment News

Bitcoin Energy – Earn Bitcoins Fast

Bitcoin Energy is a leading financial institution established by a team of experienced and specialized venture capitalists, traders, investors and financial planners with an global outreach. With a length and depth of experience in operational strategies of global stock markets, forex, investment opportunities, liquidity and cash , our dynamic traders embrace upon the institutional strength and objective to continuously seeking the best opportunities and deliver the outmost leading returns to our investors.

Bitcoin Energy is your key to financial prosperity, progress and stability. We offer you this unique opportunity to achieve your financial freedom even though you do not have the experience to do so.

Business Overview

Bitcoin Energy objective is to maximize your investment and financial success as an investor with a minimum of risk. It offers the possibility of earning substantial returns in any kind of market.

Benefits

  • Projected High Returns
  • Reduction of Risk via Portfolio Diversification
  • Low Correlation to Traditional Investments such as Stocks, Real-estate and Bonds
  • Bear Market Protection
  • Liquid and Transparent

Foreign exchange market in the most liquid financial market in the world having a daily turnover of over the 1.5 trillion dollars (spot, forward and option transaction) it provides an excellent opportunity for online investing. As per the Euromoney FX Survey (May 2006) top 10 foreign exchange banks? transaction represents more then 60% of global FX deals. The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily.

Name PlansDetailsMinimumROIPlan status
Started Plan7500% after 2 days300 USD/0.005 BTC7500%Avalible
Normal Plan 17500% after 36 hours6,000 USD/0.1 BTC7500%Avalible
Normal Plan 27500% after 24 hours30,000 USD/0.5 BTC7500%Avalible
Vip Plan7500% after 12 hours60,000 USD/1 BTC7500%Avalible

There are three main reasons to participate in the Forex market: One is to facilitate an actual currency exchange, whereby an international corporation, for instance, may convert profits earned in foreign currencies back into its domestic currency. Hedging is another common commercial use of the forex market — corporate treasurers and money managers routinely use the FX market in order to hedge against unwanted exposure to future price movements in the currency market.

https://www.bitcoinenergy.site/

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Bitcoin

Coinbase Crash: App Outage Sparks Panic As Customers Face $0 Balances In Accounts

In a concerning turn of events, Coinbase (COIN), one of the world’s largest cryptocurrency exchanges, experienced a crash in its application, causing the firm’s stock to rapidly plummet to the $200 level.
Coinbase Outage Leaves Users With Zero Balances

The Coinbase application crash resulted in users seeing zero balances on their accounts. Reports from users of the exchange on social media platforms such as X (formerly Twitter) highlighted this issue, with customers voicing their frustration at their inability to reach customer support.

Coinbase’s official support account on X acknowledged the problem, stating that they were aware of users seeing zero balances and experiencing errors when buying or selling. The exchange assured users that their assets were safe and that their team was actively investigating the issue, promising to provide an update soon. The statement reads:

We are aware that some users may see a zero balance across their Coinbase accounts and may experience errors in buying or selling. Our team is investigating this issue and will provide an update shortly. Your assets are safe.

Impact On Bitcoin’s Price? 

The crash of Coinbase’s app occurred during a significant milestone for Bitcoin, as it surpassed the $60,000 mark and reached a multi-year high of $63,800. The application outage had a noticeable impact on Bitcoin’s price and market volatility. Within minutes of the situation unfolding, the largest cryptocurrency experienced a drop below $60,000. 

Coinbase’s CEO Brian Armstrong acknowledged the situation on social media platform X, stating that they were facing a large surge in traffic and apologizing for any issues users encountered. 

As of now, it remains to be seen what measures the firm will take to address this development and how they will respond to users who experienced zero balances in their accounts.