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Bitcoin and Render are making notable advancements within the dynamic realm of cryptocurrencies. However, Rebel Satoshi stands out as a leading cryptocurrency to buy, demonstrating impressive growth during its presale. Can $RBLZ usurp top crypto coins like BTC and RNDR? Lets find out.

Binance revealed its collaboration with Fiat Automobiles on October 18, enabling the automobile manufacturer to receive payments in Bitcoin. This initiative holds the promise of expanding the global market relevance of Bitcoin.

Since this announcement, the price of BTC has risen by 25.88% from $28,719.81 on October 18 to $36,154.77 on November 16. Experts believe that the BTC price could rise to $45,000 by the first quarter of 2024 if the SEC approves the Bitcoin spot ETFs.

However, bearish BTC analysts suggest a potential downward trajectory for BTC, projecting a price decline to $25,175 by the end of 2023. They attribute this outlook to the Securities and Exchange Commissions (SEC) delay in approving the Bitcoin spot ETF applications before it.

The surge in meme coin popularity has attracted numerous investors, but many projects just tend to imitate others. In contrast, Rebel Satoshi stands out with its rebel-themed meme token, emphasizing a vibrant community fighting against oppressive elites and centralized control inspired by Satoshi Nakamoto.

A collection of approximately 10,000 unique NFTs and digital art characters narrates the Rebel Satoshi story, which is traded on a dynamic marketplace and forms the initial income stream. The second stream involves staking the platforms utility token, $RBLZ, offering attractive returns and enhancing blockchain security.

Beyond its serious mission, Rebel Satoshi embraces humor by introducing the Rebel Meme Hall of Fame, an early adopter-exclusive gallery showcasing the most amusing rebel-themed memes. With these amazing benefits, Rebel Satoshis $RBLZ has emerged as a top cryptocurrency to buy.

Now is the opportunity to join the $RBLZ presale early stages. A stake in the Rebel Satoshi story is obtainable by purchasing $RBLZ at a modest $0.010 during the Early Bird Round of Rebel Satoshis presale. With $RBLZ projected to reach $0.025 at launch, this represents a 150% growth for your holdings.

On November 15, Binance publicly disclosed its choice to list RNDR and introduce 12 new cryptocurrencies on its Japanese platform, Binance Japan. This listing is expected to drive adoption for top altcoins like RNDR.

Since this development, the price of RNDR has risen from $2.83 on November 15 to $3.01 on November 16, signifying a 6.36% increase. Consequently, Render experts are enthusiastic, as they expect the price of the Render coin to rise to $3.30 by the end of November.

However, other bearish analysts foresee a price dip to $2.50 because of the volatile state of the market. Additionally, technical indicators like the daily RSI and Bollinger Bands predict a price decline for the Render coin.

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Optimal Moment for Bitcoin Investment? Indicators of Upcoming ... - Cryptonews

By Ari Juels and Eswar Prasad

Blockchain technology and proof of reserves will help to create transparency and build trust

The vertiginous fall of Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX who was recently convicted of fraud and money laundering in New York, has cast a harsh light on a largely unregulated market. For all the supposed wonders of the blockchain technology underpinning cryptocurrencies, the headline-grabbing events of the past few years indicate an industry in turmoil.

In addition to the criminal activity that led to the spectacular collapse of FTX in 2022 and Bankman-Fried's guilty verdict in early November, U.S. regulators have sued Binance, the world's largest crypto exchange, for allegedly operating a "web of deception." An industry-wide reckoning looms. Will crypto always be a magnet for fraud and malfeasance, or can it eventually transform and democratize finance?

An increasingly obvious paradox has emerged. Satoshi Nakamoto, the pseudonymous creator of bitcoin (BTCUSD), proposed the idea of a purely peer-to-peer version of electronic cash in the wake of the 2008 global financial crisis, when confidence in governments and central banks was at its nadir. Soon after the launch of bitcoin in 2009, Nakamoto wrote that "the root problem with conventional currency is all the trust that's required to make it work." Today, the system that was supposed to eliminate the need for trust between people and in traditional financial institutions is experiencing a crisis of trust.

Cryptocurrencies such as bitcoin and ethereum (ETHUSD) rely on computer code and networks that are not controlled or managed by a central party. Remarkably, such decentralization works. Transactions can be completed in a secure manner, without relying on a bank, credit-card company, or other institution. In principle, this should make financial systems less vulnerable to fraud and manipulation.

Any innovation inevitably attracts speculative mania and chicanery, especially in the early stages.

Unfortunately, grifters and unscrupulous companies have exploited customers and investors enamored with the new technology and, in the process, obscured crypto's most compelling innovation: blockchain-enabled tools that can improve transparency and strengthen the trustworthiness of the financial sector.

Maintained on computers around the world and publicly accessible by anyone with an internet connection, blockchains are digital ledgers that carry an immutable record of all transactions in a system. Their reliance on algorithms, rather than human interaction, creates a robust money trail that traditional financial infrastructure lacks.

So, how did we end up with a crypto industry that often contradicts its founding ethos? One answer is that any innovation inevitably attracts speculative mania and chicanery, especially in the early stages of its development. In the 19th century, banks deceived examiners by padding gold reserves with nails. More recently, the dot-com era gave us the likes of Enron, while a biotech boom brought us Elizabeth Holmes and Theranos.

Another problem is that the industry's consumer-facing platforms have simply grafted old ways of doing business onto a technology designed specifically to do away with them. For example, while FTX was an "exchange" -- a gateway to blockchain-powered cryptocurrencies -- it did not make fundamental use of decentralized technologies. Ironically, most crypto holders today store their assets in exchanges that require high levels of trust and carry many of the risks of traditional financial institutions.

Behind the scenes, the crypto industry has started using technology to shift the balance back toward innovation. One example is the development of proof of reserves, a mathematically-based method that enables institutions to verify their crypto assets. Such tools could help prevent debacles like FTX, where the lack of transparency allowed Bankman-Fried to conceal financial fraud.

Importantly, proof of reserves and similar tools work best for cryptocurrencies, not for ordinary financial assets -- including the U.S. dollar (DX00). These technical advances have therefore prompted traditional financial institutions -- the very ones bitcoin sought to replace -- to embrace crypto. JPMorgan Chase (JPM), for example, has plans to move trillions of dollars of value on to the blockchain, while monetary authorities are exploring central bank digital currencies, which would involve using blockchain technology to issue digital versions of their fiat currencies.

To be sure, the crypto industry faces several daunting challenges: the large environmental footprint of bitcoin mining; its use for illicit transactions; privacy shortcomings, and more. But, as proof of reserves suggests, the crypto community is innovating powerful new ways to harness the inherent transparency and trustworthiness of blockchain technology to create a more secure and flexible financial ecosystem.

As these innovations proceed, governments around the world are exploring ways to safeguard consumers from the crypto industry's excesses. They would do well to look past the headlines and seek a balanced approach that enables this remarkable technology to thrive.

Ari Juels, a professor at Cornell Tech, is co-director of the Initiative for CryptoCurrencies and Contracts (IC3), chief scientist at Chainlink Labs, and the author of the forthcoming The Oracle (Talos Press, 2024).

Eswar Prasad, professor of economics at Cornell University, is a senior fellow at the Brookings Institution and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance (Harvard University Press, 2021).

This commentary was published with the permission of Project Syndicate -- Whither Crypto?

Also read: 'Fraudsters, hucksters and scam artists': Gensler defends SEC track record on crypto in wake of FTX scandal.

More: All memes aside, crypto buyers aren't any different from stock investors

-Ari Juels -Eswar Prasad

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

11-18-23 1453ET

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Crypto will overcome the stain of FTX and Sam Bankman-Fried - Morningstar

Investing.com|EditorNikhilesh Pawar

Published Nov 20, 2023 09:51AM ET

In the evolving landscape of digital currencies, Lightspark CEO David Marcus has recently highlighted Bitcoin's potential to revolutionize global real-time payments. On Sunday, Marcus took to social media to express his preference for Bitcoin over alternative cryptocurrencies such as Ethereum (ETH) and Solana (SOL), praising Bitcoin's technical superiority despite acknowledging its scalability challenges.

Marcus underscored the significance of continuous development in non-custodial wallet technology, which he believes will enhance the efficiency of the Lightning Networka second-layer protocol built on top of Bitcoin's blockchain designed to facilitate faster transactions. His advocacy for Bitcoin comes amidst discussions about the network's ability to handle a higher volume of smaller transactions quickly and with lower fees.

The Lightning Network itself has been under scrutiny, as evidenced by a vulnerability known as replacement cycling attacks identified in late October 2023. Security researcher Antoine Richard pointed out this flaw, suggesting that a consensus upgrade might be necessary for a long-term solution. However, it is noteworthy that no such attacks have been reported in the past ten months, indicating that the network has remained secure despite the theoretical risks.

In a related development on Monday, DODO, a decentralized exchange platform, has been making strides with its proactive market-making strategy on the Binance Smart Chain. This move is seen as influencing Bitcoin's utility in peer-to-peer cryptocurrency exchanges. Since Satoshi Nakamoto introduced Bitcoin in 2008 as a decentralized electronic payment system, it has paved the way for various digital currencies while cementing its status as a reliable store of value and means of transaction.

Marcus's endorsement of Bitcoin and his focus on technological advancements like non-custodial wallets for the Lightning Network signal a strong belief in Bitcoin's foundational role in the future of payments. With industry leaders advocating for its use and addressing its limitations, Bitcoin continues to maintain its relevance in an increasingly competitive cryptocurrency market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Written By: Investing.com

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Bitcoin championed for global real-time payments by Lightspark ... - Investing.com