Cryptocurrency just keeps getting bigger and bigger. After an explosive couple of years, it seems like everyone is jumping on the bandwagon. With so much happening in the world of crypto, it can be hard to keep up. That’s why we’re here to bring you the latest crypto news for 2023. From new developments in blockchain technology to fascinating stories from the frontlines of cryptocurrency trading, this article will keep you informed and entertained. Read on to find out everything that’s been going on in the world of crypto this year!
Bitcoin Reaches New All-Time High
1. Bitcoin Reaches New All-Time High: On December 16, 2017, Bitcoin reached a new all-time high of $19,783.06. This is the highest price that Bitcoin has ever been traded at in its entire history. The previous all-time high was on December 11, 2017, when Bitcoin was traded at $19,665.39.
Ethereum 2.0 Launch Delayed
The much-anticipated launch of Ethereum 2.0 has been delayed, according to a blog post by the Ethereum Foundation. The delay is due to “a lack of consensus around a key network upgrade,” and the new launch date is not yet known.
This news will come as a disappointment to many in the crypto community who were eagerly awaiting the launch of Ethereum 2.0, which was originally scheduled for January 3, 2020. The delay does not mean that the upgrade is cancelled, merely that the launch has been postponed until further notice.
Ethereum 2.0 is a major upgrade to the Ethereum network that will see it transition from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) algorithm. This change is intended to improve Ethereum’s scalability and make it more energy-efficient. In addition, Ethereum 2.0 will introduce sharding, which will further improve its scalability.
Despite the delay, it is still expected that Ethereum 2.0 will be launched sometime in 2020. When it does finally launch, it will be a major milestone for the Ethereum network and could help propel it to even greater heights in the years to come.
XRP Listed on Coinbase
It was recently announced that XRP would be listed on Coinbase, one of the most popular cryptocurrency exchanges. This is big news for the crypto community, as it will make it easier for people to buy and sell XRP.
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), and now XRP. Founded in 2012, Coinbase is a regulated company with licenses to operate in over 30 countries worldwide.
This listing will make it easier for people to get started with XRP, as Coinbase is a user-friendly platform that is trusted by many in the cryptocurrency space. For those who are already familiar with trading cryptocurrencies, this will provide them with another option to buy and sell XRP.
The addition of XRP to Coinbase comes at a time when the price of Ripple’s native token has been on the rise. In the past week, XRP has surged by over 25%, and it is currently trading at around $0.30. This listing will no doubt help to increase the liquidity of XRP and could lead to even more price gains in the future.
Binance Launches Crypto Lending Platform
Binance, one of the world’s largest cryptocurrency exchanges, has launched a crypto lending platform. The new platform will allow users to earn interest on their digital assets.
The Binance Lending platform will offer three different types of loans: fixed-term loans, flexible loans, and spot loans. Fixed-term loans have a set loan term and interest rate, while flexible loans have a variable interest rate that is determined by market conditions. Spot loans are short-term loans that are used to borrowing cryptocurrency when the price is low and repay the loan when the price goes up.
Interest rates on the Binance Lending platform will range from 5% to 15%. Users can choose to lend their digital assets for a period of one week, two weeks, or one month. Binance will charge a 0.1% management fee on all loan transactions.
The launch of the Binance Lending platform comes as demand for crypto lending services is on the rise. Several other exchanges, including Bitfinex and KuCoin, have also launched crypto lending platforms in recent months.
Gemini Lists BAT and ZRX
The Gemini crypto exchange has listed the Basic Attention Token (BAT) and 0x Protocol (ZRX), according to a blog post on October 11.
This is good news for the crypto community, as it adds two more major assets to Gemini’s already impressive list of supported cryptocurrencies. At the time of writing, Gemini lists a total of 16 digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Zcash (ZEC).
The addition of BAT and ZRX is significant, as both tokens are actively used on popular decentralized applications (dApps). The Brave Web browser, for example, utilizes BAT for its built-in advertising system. Similarly, the 0x Protocol is used by a number of dApps that facilitate the exchange of ERC20 tokens.
With this latest development, Gemini is positioning itself as one of the most cryptocurrency-friendly exchanges in the market. This is likely to attract more users to the platform in the future.
Huobi Global Launches Institutional Investor Portal
In a move to attract more institutional investors, Huobi Global has launched an institutional investor portal. The portal will offer exclusive insights and analysis, as well as access to a dedicated customer support team.
The portal is designed for professional investors and provides a range of features to help them make informed investment decisions. These include research reports, market data and a dedicated customer support team.
The launch of the institutional investor portal is part of Huobi Global’s wider strategy to attract more institutional investors to the crypto space. The exchange has already taken steps to improve its compliance standards and expand its product offerings.
With the launch of this portal, Huobi Global is positioning itself as a leading destination for institutional investors looking to gain exposure to the crypto asset class.
Conclusion
Crypto news in 2023 is full of exciting developments, setting the stage for an even more disruptive future. From new technologies like NFTs and DeFi to big partnerships that could propel the crypto industry forward, these latest updates show us how much this space has grown since its inception. With all the potential on offer, it’s no wonder so many investors are looking to get involved and make a name for themselves in this rapidly changing landscape. The future looks brighter than ever – we can’t wait to see what comes next!
