In a groundbreaking research report, Binance, the world's leading cryptocurrency exchange, highlights seven pivotal events poised to shape the trajectories of Bitcoin, Ethereum, Ripple, and Cardano throughout 2024.
The report underscores the significance of the US SEC's approval of spot Bitcoin ETFs on January 10th. Anticipating substantial institutional interest, Binance predicts this development to open floodgates for long-term institutional capital inflows into Bitcoin.
Major asset managers like BlackRock and Fidelity filing for spot Ethereum ETFs could have a transformative impact on Ethereum and the broader market, presenting a potential game-changer in 2024.
Ripple's favorable rulings against the US SEC and the launch of its CBDC platform position it to play a pivotal role in the issuance of digital currencies, particularly as Central Bank Digital Currencies (CBDCs) gain global attention.
Cardano's continuous efforts in scaling solutions, including the development of Hydra and the upcoming Midnight sidechain, are expected to contribute significantly to its growth and adoption in 2024.
Binance emphasizes the resurgence of interest in blockchain projects like Aptos (APT) and Sui (SUI). Their steady growth, coupled with the non-Ethereum Virtual Machine (EVM) market rally, positions them as key players in creating a thriving ecosystem in 2024.
The entrance of reputable asset management giants, BlackRock and Fidelity, in 2023 signals a growing wave of institutional adoption. Binance anticipates more institutions joining the crypto industry in 2024, driven by positive headlines surrounding spot Bitcoin ETFs and the upcoming halving event.
While acknowledging improvements, the report underscores the paramount importance of security in the crypto industry. Continuous efforts to refine processes and fortify defenses are crucial for maintaining user trust.
In a noteworthy development, Binance's native token, BNB, records a remarkable upward trend, gaining 28% in the past 30 days. With a current trading price of $314, BNB's performance reflects the positive momentum in the broader cryptocurrency landscape.
Binance’s BNB growth over the past 30 days on the daily chart. Source:BNBUSDT on TradingView.com
Binance's comprehensive report provides insights into the transformative events expected to define the cryptocurrency landscape in 2024. From institutional inflows to blockchain project renaissance, the crypto market gears up for a dynamic and influential year ahead.
The Bitcoin Asia conference will be held at Kai Tak Cruise Terminal in Hong Kong from May 9 to May 10, 2024. This conference will bring together many industry leaders. Golden Finance has compiled a conference guide to help you attend the conference with peace of mind.
JinseFinanceLive Nation (LYV) Faces DoJ Lawsuit: Allegations of antitrust violations prompt sharp premarket decline. Settlement expected with financial penalties and operational changes. Industry impact and broader antitrust implications.
Huang BoTrump acknowledges Bitcoin's popularity but prefers the dollar. Despite past skepticism, he engages in NFT ventures. Speculations arise about his evolving stance on crypto, contrasting with Biden's skepticism.
Huang BoRekt Builder's investigation reveals Ledger Live's covert user activity tracking, raising serious privacy concerns for Ledger hardware wallet users.
KikyoScammers exploit fake Ledger Live app on Microsoft Store, stealing over $760,000 worth of Bitcoin from unsuspecting users.
Hui XinNotable participants include zkSync, Solana, thirdweb, alongside well-known brands such as Google, Manchester United, and Hugo Boss.
SamanthaGBEX Token Staking is here! Globiance has announced that the highly anticipated Staking feature is now LIVE as of August ...
BitcoinistINTERNET CITY, DUBAI, Aug. 2, 2022 – LBank Exchange, a global digital asset trading platform, has listed Live Crypto Party ...
Bitcoinist