Top Three Crypto News Stories
Major Japanese Exchange Adds Support for Shiba Inu (SHIB)
SHIB Gains Support on Coincheck Exchange
Recently, the major Japanese cryptocurrency exchange Coincheck announced its support for Shiba Inu (SHIB) starting December 14th. This move is expected to significantly increase SHIB’s accessibility and liquidity. With Coincheck’s integration of SHIB, users will have the ability to send, receive, buy, and sell the asset through its mobile app and web platforms. To ensure accurate pricing, users are advised to update to the latest version of the Coincheck app. Additionally, SHIB token will be added as a payment currency in the Coincheck NFT marketplace on December 15th. It’s worth noting that Coincheck is not the only Japanese exchange to add SHIB, as BitTrade also made a similar announcement back in October.
Bitcoin (BTC) Price Predicted to Surge to $80,000
Bitwise Predicts Bitcoin’s Price for 2024
Bitwise, the world’s largest crypto index fund manager, recently released a report titled “The Year Ahead: 10 Crypto Predictions for 2024,” in which they predicted the price of Bitcoin in the upcoming year. According to their forecast, Bitcoin is expected to trade above $80,000 in 2024. This optimistic prediction is based on Bitcoin’s exceptional performance in 2023, where it outperformed major asset classes, surging by 128% compared to the S&P 500’s 21%, gold’s 12%, and bonds’ 2%. Bitwise attributes Bitcoin’s projected value increase to two major catalysts: the anticipated launch of a spot Bitcoin ETF and the Bitcoin halving event in April or May 2024.
Ripple’s Advertising Campaign Emerges in London
Ripple’s Brand Presence in London Underground
Antony Welfare, a CBDC advisor at Ripple, recently shared photos of the company’s eye-catching banners on the London Underground. These banners are part of Ripple’s advertising campaign aimed at strengthening its brand presence. Ripple has expressed a keen interest in London as a global financial hub, with co-founder Chris Larsen expressing confidence in the city’s potential as a major center for financial and technology innovation. Ripple’s objectives include getting listed in the U.K.’s register of cryptocurrency companies, as evidenced by its application to be recognized as a crypto asset firm by the Financial Conduct Authority.
This article was originally published on U.Today
