2023-11-23 14:43

The cryptocurrency market has experienced a series of mixed results in recent trading sessions. Digital currencies like KILT Protocol, Aidi Finance, Zoo Token, and CareCoin have all seen declines, while Kitty Inu and Hokkaidu Inu have posted gains. Amidst this volatility, new token developments have also caught the attention of investors. In addition to these price movements, the digital footprint of XRUN has expanded with its advertising platform leveraging AR and GPS technology for immersive advertising experiences. XRUN's total supply stands at 2,100,000,000 tokens with a circulating supply of 11,000,000. Furthermore, IndiGG, which initiated on March 2nd, 2022, aims to carve out space for gamers in the Indian market with support from Polygon and Yield Guild Games. IndiGG's total supply is one billion tokens. StormX has also been drawing interest with its vast total supply of 12 billion tokens and a circulating volume of 10 billion. The platform goes beyond standard cryptocurrency use by incentivizing user activity on its proprietary platform. Lastly, HUNT token anchors the Hunt Town ecosystem with a capped supply of about 199 million tokens. Established on March 5th, 2018 by YoungHwi Cho and Sebastian Kim, HUNT is integral across various Web3 platforms and upholds a fair-launch approach through the Town Hall Contract that ensures trust without upgradeability or administrative controls. Investors continue to monitor these developments closely as they navigate through the dynamic landscape of the cryptocurrency market. https://www.investing.com/news/cryptocurrency-news/cryptocurrency-market-sees-mixed-movements-amid-new-token-developments-93CH-3242154

2023-11-23 14:34

Copyrighted Image by: Mundo Crypto PR The cryptocurrency Bitcoin saw a 2% increase, crossing the $37,000 mark today following the election of Javier Milei as Argentina's new president. Milei, known for his libertarian economic views and strong criticism of centralized banking systems, has struck a chord with the cryptocurrency community despite not planning to adopt Bitcoin as legal tender. Milei's victory on Sunday resonated with investors and crypto enthusiasts who are hopeful that his proposed radical economic reforms will foster economic growth and attract investments to Argentina. His plans include abolishing the central bank and implementing dollarization to address the country's soaring inflation rate, which has surpassed 140%. Prominent figures in the cryptocurrency sector, such as Michael Saylor and Arthur Hayes, have congratulated Milei on his win. Fernando Nikolić expressed optimism that while Milei's platform did not explicitly endorse pro-Bitcoin policies, the president-elect's approach to monetary freedom is in line with Bitcoin principles. Iván Paz also anticipates that Milei's policies will catalyze growth and create a more favorable environment for organic cryptocurrency adoption. Milei's complex profile extends beyond economics into social issues. He has garnered controversy for his opposition to sex education and denial of human-driven climate change. Nonetheless, his stance on cryptocurrencies as a private-sector solution against fraudulent monetary systems has been well-received within the financial community. The president-elect has signaled major budgetary reductions, including ministry elimination plans shared via social media, where he highlighted departments slated for removal using a chainsaw metaphor during his campaign to symbolize deep government spending cuts. As Argentina faces a $31 billion debt with the International Monetary Fund (IMF), Kristalina Georgieva of the IMF has expressed willingness to collaborate with Milei's administration. This comes after extending congratulations to the newly elected president, who has often been compared to former U.S. President Donald Trump due to their shared populist appeal but maintains distinct personal beliefs that influence his policy approaches. Investors and the global market are closely watching how Milei's administration will tackle these challenges and whether his presidency will indeed lead to an increase in economic freedom and investment opportunities in Argentina. https://www.investing.com/news/cryptocurrency-news/bitcoin-rises-2-as-javier-milei-wins-argentinas-presidency-93CH-3242150

2023-11-23 14:19

Copyrighted Image by: Reuters. BBVA (BME:BBVA) Switzerland has announced a strategic alliance with Ripple, leveraging Metaco's Harmonize platform to enhance its digital asset management capabilities and support future business ventures. This move is seen as a significant step in BBVA's commitment to blockchain technology and digital asset offerings, which it has been pioneering in the Eurozone since June 2021. The integration of Metaco's Harmonize with BBVA's Avaloq-driven infrastructure is designed to bolster the security and compliance of digital asset solutions offered to institutional clients. BBVA CEO Alfonso Gómez highlighted the importance of this partnership in maintaining the bank's competitive edge through improved security protocols and operational efficiency. Ripple's growing influence in the financial sector is further solidified through strategic collaborations with HSBC for security token custody and the Georgian National Bank for central bank digital currency (CBDC) initiatives. Additionally, Ripple's involvement in Palau's financial services roadmap underscores its expanding role in the trillion-dollar digital asset management market. Metaco's Harmonize platform caters to various aspects of digital asset custody, including decentralized finance (DeFi) activities. It offers functionalities such as self-custody through Metaco Vaults and order management via Metaco Trades. The platform will be integrated with Avaloq's cryptocurrency assets platform, which falls under the ownership of NEC Corporation. This partnership comes as other financial institutions, such as HSBC, prepare to launch services targeting institutional clients. HSBC is readying a custody service for tokenized securities expected to go live in 2024. Other banks like DekaBank, DZ Bank, and VP Bank have already incorporated Harmonize into their offerings. With these developments, BBVA Switzerland aims to improve its digital asset services' efficiency and governance, building on the foundation it established when it first introduced cryptocurrency trading and custody services tailored for Swiss customers in June 2021. InvestingPro Insights As BBVA Switzerland forges ahead with its digital asset management initiatives, it's essential to consider the financial health and market performance of the parent company, Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria (BBVA). According to InvestingPro data, BBVA has a market capitalization of $54.05 billion and is trading at a low P/E ratio of 6.93, reflecting a valuation that may appeal to investors looking for earnings potential at a reasonable price. This is further supported by a P/E ratio adjusted for the last twelve months as of Q3 2023 standing at 6.38. InvestingPro Tips for BBVA highlight a mixed financial landscape. On one hand, BBVA is recognized as a prominent player in the banking industry, with a consistent track record of increasing earnings per share and maintaining dividend payments for 33 consecutive years. On the other hand, concerns are raised about its slowing revenue growth and weak gross profit margins, which could indicate challenges ahead. Additionally, the bank's stock price has experienced significant volatility, yet it has provided a high return over the last year. For investors and industry observers considering BBVA's latest strategic moves, these insights are crucial. The bank's ability to leverage partnerships and integrate advanced technologies could be pivotal in offsetting some of the financial headwinds it faces. With InvestingPro offering a plethora of additional tips—19 in total—for BBVA, subscribers can delve deeper into the bank's financial nuances. Moreover, the InvestingPro subscription is now available at a special Black Friday sale, offering up to a 55% discount, allowing users to access comprehensive analytics and tips to inform their investment decisions. https://www.investing.com/news/cryptocurrency-news/bbva-switzerland-and-ripple-partner-to-advance-digital-asset-services-93CH-3242141

2023-11-23 14:14

The precious metals market saw a mix of trends today, with spot gold prices in India decreasing, while futures showed a slight increase. The Multi Commodity Exchange of India (MCX) reported a drop in spot gold to ₹61,208 per ten grams and an uptick in gold futures to ₹61,084 per ten grams. In contrast, silver futures saw a decline to ₹74,590 per kilogram. In major Indian cities, the price of gold varied, with Ahmedabad listing ₹63,360, Mumbai at ₹63,190, New Delhi at ₹63,350, Chennai at ₹63,320, and Kolkata at ₹63,370 for ten grams of the precious metal. On the international front, Comex Gold experienced a rebound as the U.S. dollar weakened following the release of hawkish Federal Open Market Committee (FOMC) minutes. The lighter trade volumes typical of Thanksgiving Day also played a role in the movement of prices. Expectations that the Federal Reserve may pursue less aggressive interest rate hikes have contributed to the recent rally in gold prices. Meanwhile, U.S. economic indicators sent mixed signals to investors. Unemployment claims dropped significantly, suggesting strength in the labor market. However, consumer sentiment revealed growing concerns over inflation, and durable goods orders showed a decrease—a potential indicator of an economic slowdown. These diverse economic factors are likely influencing the precious metals market as investors seek safe-haven assets amidst uncertainty. https://www.investing.com/news/commodities-news/gold-prices-rally-on-comex-amid-softer-dollar-and-fed-outlook-93CH-3242140

2023-11-23 13:56

Copyrighted Image by: Reuters In a significant development for the blockchain industry, Movement Labs has announced the launch of M2, a layer-2 Ethereum rollup designed to revolutionize blockchain functionality by offering heightened security and scalability. The new platform, which integrates the Move VM, originally developed by Meta (NASDAQ:META), utilizes advanced data availability technology from Celestia and Blobstream to support over 145,000 transactions per second (TPS). This development is expected to enable global app reach while keeping costs minimal. M2 stands out for its ability to facilitate the transition of Solidity projects without the need for rewriting code. This is made possible through the Fractal module, which converts Solidity scripts into Move opcodes, allowing developers to capitalize on the enhanced performance capabilities of Move VM. The main net of M2 combines Celestia’s data solutions with Snowman sequencing and the execution power of Move VM. This trifecta aims to ensure swift processing speeds without compromising on security—core tenets of Movement Labs' commitment to accessible innovation in web3 infrastructure. The platform also features the Snowman Consensus sequencing and supports public goods while facilitating connections with the Aptos and Sui ecosystems as well as Ethereum Virtual Machine (EVM) projects. This interoperability promotes upgradeability across distributed networks, positioning M2 as a potential game-changer in the blockchain space. Movement Labs' initiative is akin to Linux's impact on open-source software, providing a secure yet scalable framework for developers and users alike. The company's ethos centers around making web3 infrastructure more accessible and innovative, and with M2's imminent rollout, it appears set to make a significant stride in that direction. https://www.investing.com/news/cryptocurrency-news/movement-labs-unveils-m2-to-enhance-ethereum-with-move-vm-and-celestia-tech-93CH-3242132

2023-11-23 13:48

Copyrighted Image by: Reuters As the cryptocurrency community commemorates the 15th anniversary of the Bitcoin whitepaper, a new player, GameStop (NYSE:GME) Memes ($GSM), enters the digital currency scene. This new meme coin, with a starting valuation of $2 million, aims to shake up the sector and compete with established cryptocurrencies like XRP and Dogecoin. The launch coincides with a significant date in crypto history, marking a decade and a half since Satoshi Nakamoto introduced what would become the cornerstone of blockchain technology and digital currencies. The GameStop Memes token is inspired by the GameStop stock phenomenon that captured headlines for its unprecedented market impact driven by retail investors. The token embodies a community-focused ethos, advocating for a financial revolution that prioritizes unity and humor. It seeks to build on Dogecoin's successful transition from an internet meme to a monetary asset, while also capturing investor interest in the vein of Shiba Inu. The emergence of GameStop Memes highlights the evolving narrative of cryptocurrencies, where community innovation is becoming as significant as utility. Unlike XRP, which is known for its role in facilitating global transactions through Ripple's technology, GameStop Memes centers on creating a communal force within the crypto market. As GameStop Memes makes its debut with promises of substantial returns and symbolizing financial rebellion, it carries forward the spirit of resistance that was evident during the GameStop stock surge. This movement is now being translated into the cryptocurrency realm, where it could potentially inspire similar collective actions. Information about this new token is accessible through its website and social media platforms. However, alongside the announcement, there is a disclaimer emphasizing that this information constitutes paid content without journalistic input. It also warns potential investors about the risks associated with unregulated markets and absolves the publisher from any liabilities connected to these risks. The launch occurs amid discussions about privacy and transparency in technology. Notably, criticisms have arisen concerning the US AI Executive Order which requires AI developers to disclose safety assessments and essential data for public security verification. XRP attorney Jeremy Hogan has called out this directive as hypocritical given past privacy intrusions in crypto dealings. The introduction of GameStop Memes ($GSM) on this historic day for Bitcoin serves as a reminder of the ever-evolving landscape of digital currencies and the continuous interplay between technological innovation and community-driven movements in shaping the future of finance. https://www.investing.com/news/cryptocurrency-news/gamestop-memes-token-launches-on-15th-anniversary-of-bitcoin-whitepaper-93CH-3242131