Crypto News Roundup: December 11, 2023

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11 Dec 2023

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Hello, crypto enthusiasts! Welcome to another edition of the Crypto News Roundup, where we bring you the most important and exciting developments in the crypto space. In this issue, we will cover:

The top 10 predictions for the future of crypto in 2023
The 19 cryptos to watch in 2023
The end of the crypto winter and the start of a new bull cycle
The delisting of five crypto pairs by Binance
The latest market updates from Crypto.com

Let’s dive in!

🔮 10 Predictions for the Future of Crypto in 2023

As we approach the end of 2023, many of us are wondering what the next year will bring for crypto. Will we see more regulation, innovation, adoption, or disruption? Will we witness new highs, lows, or surprises? To answer these questions, CoinDesk has rounded up predictions from smart people in the space, ranging from the bullish to the skeptical. Here are some of the highlights:

There will be harsh crypto regulation proposed and an epic battle by the community to fight the parts that threaten decentralization
Bitcoin will reach $100,000 by the end of 2023, driven by institutional demand, ETF approvals, and network upgrades
Ethereum will continue to dominate the smart contract space, but will face competition from other platforms such as Solana, Avalanche, and Polkadot
NFTs will evolve beyond digital art and collectibles, and will be used for identity, social media, gaming, and metaverse applications
DeFi will grow exponentially, reaching $1 trillion in total value locked, and will offer more services such as insurance, derivatives, and lending
Web3 will become more mainstream, as more users and creators embrace decentralized platforms and protocols that offer more privacy, security, and sovereignty
DAOs will become more popular and powerful, as more communities and organizations use them to coordinate, collaborate, and govern
CBDCs will be launched by several countries, but will not pose a threat to crypto, as they will be centralized, controlled, and surveilled
Crypto will see more adoption and integration by mainstream companies, celebrities, and influencers, as well as more education and awareness by the media and the public
Crypto will face more challenges and opportunities, such as cyberattacks, hacks, scams, innovation, competition, and disruption

Source: CoinDesk

🚀 19 Cryptos to Watch in 2023

With thousands of cryptocurrencies in the market, it can be hard to keep track of the ones that have the most potential and promise. To help you out, Cryptonews has compiled a list of 19 cryptos to watch in 2023, based on their unique features, use cases, and growth prospects. Here are some of the cryptos that made the list:

Bitcoin ETF Token (BTCETF) – A deflationary token that offers high staking yields and a dynamic burn strategy linked to the approval milestones in the Bitcoin ETF space
Bitcoin Minetrix (BTCMTX) – A revolutionary stake-to-mine crypto that tokenizes cloud mining credits and offers huge staking APYs
Meme Kombat (MK) – A new meme cryptocurrency that will launch a battle arena where users can earn rewards by wagering tokens and staking them for 112% APYs
Wall Street Memes (WSM) – A popular meme coin project that has raised over $25 million since its launch and has a social media following of over 1 million
Launchpad XYZ (LPX) – A user-friendly platform that provides timely alerts, insights, and access to the best crypto projects and launches
eTukTuk (TUK) – A new initiative that targets TukTuk drivers in underdeveloped countries with more efficient vehicles, charging stations, and income opportunities2
Chimpzee (CHMPZ) – An eco-friendly campaign that provides multiple income streams for participants while helping the environment and wildlife
Scorpion Casino (SCORP) – A casino coin that allows users to earn more staking rewards the better the casino performs and offers a variety of games and prizes

Source: Cryptonews

Disclaimer: The information and content provided in this article are for informational and educational purposes only and do not constitute any financial, investment, or legal advice. Trading, buying, or investing in cryptocurrencies involves significant risks and may result in the loss of your capital. You should do your own research and consult a professional before making any decisions. This article is not a suggestion or an endorsement of any cryptocurrency or platform.

❄️ Crypto Winter Is Over

After a long and brutal crypto winter that lasted for most of 2023, it seems that the sun is finally shining again on the crypto space. Bitcoin is up 28% in the last month, reaching $60,000 for the first time since May. Crypto ETFs are expected to be approved soon, opening the door for more institutional investors and retail traders. Crypto investment funds saw their largest weekly inflows last week since mid-2022, indicating a renewed interest and confidence in the market. Meme coins are making a comeback, with Dogecoin, Shiba Inu, and Floki Inu surging in popularity and price. And the trial of Sam Bankman-Fried, the founder and CEO of FTX, is almost over, giving crypto the chance to start anew and move on from the scandal that rocked the industry. All these signs point to the end of the crypto winter and the start of a new bull cycle that could take crypto to new heights in 2024

Source: CoinDesk

🗑️ Binance to Delist Five Crypto Pairs in December

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will delist five cryptocurrency pairs following its latest review aimed at maintaining high standards and ensuring user protection. The affected trading pairs are BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT. According to Binance, these pairs have failed to meet its criteria for continued listing, which include factors such as trading volume, liquidity, market health, project quality, and compliance. The delisting will take effect on December 15, 2023, at 12:00 PM (UTC). Users are advised to cancel their orders involving these pairs before the delisting date. Binance also reminded users that they can still trade the delisted tokens on other markets or withdraw them from their accounts

Source: Investing.com

📈 Crypto Market Updates from Crypto.com

To wrap up this issue, let’s take a look at the latest market updates from Crypto.com, one of the leading platforms for buying, selling, and earning crypto. Here are some of the highlights from their latest report:

Cosmos Hub, the main network of the Cosmos ecosystem, has decided to decrease the maximum inflation rate of its native token, ATOM, from 20% to 7%, in order to reduce the supply pressure and increase the value of the token
South Korea has announced that it will pilot its central bank digital currency (CBDC), the digital won, with 100,000 citizens in 2024, as part of its efforts to test the feasibility and functionality of the digital currency
Santander Private Bank, the wealth management arm of the Spanish banking giant, has revealed that it will offer Bitcoin and Ethereum trading to its high-net-worth clients in Europe, following the growing demand and interest in crypto assets

Source: Crypto.com

Conclusion

That’s all for this issue of the Crypto News Roundup. We hope you enjoyed reading it and learned something new. Stay tuned for more updates and insights on the crypto space, and don’t forget to share this with your friends and fellow crypto enthusiasts. Until next time, happy trading!

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