Let’s check out what were the most important news and trends on the crypto market in November.
zondacrypto Team
14 Δεκεμβρίου 2023
3 Φεβρουαρίου 2024
These were the most important developments in crypto in November 2023.
The Binance Court Settlement
Binance’s 4.3 billion USD court settlement rocked the crypto market in November. The largest centralized crypto exchange in the world reached a settlement with US regulators regarding accusations of providing non-regulated services to US customers, enabling potential money laundering, and the financing of terrorist groups. The exchange agreed to pay a massive 4.3 billion USD fine and improve it’s anti-money laundering compliance. Also, Binance’s CEO pleaded guilty to the listed charges and stepped down from his role in the company. This news clearly shows that the time is up for non-regulated crypto exchanges and that the way forward for the industry is regulatory compliance.
Bitcoin and Ethereum Spot ETFs
Bitcoin ETFs have been the talk of the industry for several months now after various major investment firms filed for BTC ETFs in the US. The ETF filings are now expanding to Ethereum Spot ETFs filed by Fidelity and BlackRock. As for the approval of these ETF applications, the US Securities and Exchange Commission has delayed its final decision on the matter from the 21st of November to early 2024. It remains to be seen whether BTC ETFs will get approved in the US, but if they do, many analysts predict a huge possible inflow of capital into the crypto market.
Ripple’s Expansion In the Banking Sector
After winning its years long court battle against the SEC, Ripple has been witnessing a considerable recovery in XRP coin value, along with a rapid business expansion. The Grayscale investment fund has recently highlighted Ripple as a potential alternative to the international SWIFT transaction system, thanks to XRP’s ability to facilitate fast and cheap cross-border transactions. Also, Ripple has just bought Metaco, a Swiss digital asset custody provider a gained the attention of the HSBC Bank. It seems that Ripple is decisive on growing its position in the 300 trillion USD cross-border payments market.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Cointelegraph: Blockchain will transform football’s broken transfer system
Football’s transfer system is plagued by delays and barriers. Blockchain technology offers faster settlements and global market access - says Przemysław Kral, CEO of zondacrypto, in his opinion regarding blockchain in football market.
Will President Nawrocki veto it? Polish company earns money in Poland but pays taxes in Estonia
Why Estonia and not Poland? Because Poland doesn't want us. Poland is backward when it comes to crypto regulation and development. And the future regulator, which I think will be the Polish Financial Supervision Authority (KNF) — although this is not yet certain — has a very negative attitude towards the crypto market, so there is no point in operating in a country that does not want such entities and does not want the taxes we pay in other countries, says Przemysław Kral, CEO of the zondacrypto platform, in an interview with Business Insider Polska. President Karol Nawrocki also commented on the new regulations for the industry during his campaign and promised that he would not sign any restrictive laws on this issue.
Przemysław Kral harshly criticises cryptocurrency regulations. ‘Poland lags behind Europe’
Przemysław Kral, CEO of zondacrypto, points out that his country is missing out on opportunities for growth, while the US is attracting investors. Will Poland miss out on the digital revolution?
Qui Bici Sport: The future of sport (and cycling) according to zondacrypto
We have seen it appear in cycling that matters, and we will certainly continue to see it again. zondacrypto has chosen sport, and cycling in particular, to make itself better known to the general public.
We are talking about a cryptocurrency exchange platform, which currently involves over a million people worldwide. To understand this phenomenon a little better, we asked the CEO of zondacrypto, Przemysław Kral, a few questions.
Cryps.pl: ‘We prove that cryptocurrencies are not so bad’ – an interview with Przemysław Kral (CEO of zondacrypto)
The Polish cryptocurrency exchange zondacrypto has recently been making increasingly bold moves to integrate this asset class into the world of sports. We spoke with its CEO, Przemysław Kral, about what this rapidly growing brand has achieved so far.
goal.pl: Pogoń has extended its contract with a key partner. ‘This is our success and a challenge at the same time’.
Pogoń Szczecin and zondacrypto announced on Monday the renewal and extension of their sponsorship agreement. The logo of the leader of the cryptocurrency market in our part of Europe will continue to be visible on the Porters' shirts.
MilanoSportiva: zondacrypto Official Crypto Exchange Partner of Giro d'Italia Women
zondacrypto, one of the leading regulated cryptocurrency exchanges in Europe, has been announced as the official cryptocurrency sponsor of the Giro d'Italia Women 2025 (Giro Donne), one of the most important women's cycling competitions in the world. The agreement further consolidates the company's commitment to the world of cycling, already witnessed by its support of major events such as Strade Bianche, Milano-San Remo and Tour de Pologne.
Business Insider: Cryptocurrencies “not in accordance with principles of morality”, but still taxed. Ministry of Digital Affairs with a surprising decision
The Ministry of Digital Affair has denied the zondacrypto exchange access to the mechanism for sharing data from the mObywatel application. There would be nothing surprising about this, were it not for the reason for the decision - the ministry considered cryptocurrencies to be ‘incompatible with good morals’. The refusal is all the more surprising given that identical integration is already used by at least four licensed bookmakers, a gambling industry traditionally seen as riskier. This one, however, has met no resistance from the administration.
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