The recent approval of Coinbase by the Monetary Authority of Singapore is a testament to the city-state’s growing adoption of cryptocurrency. As Bitcoin (BTC) continues its uptrend, supported by robust production from Marathon Digital, rising star VC Spectra (SPCT) is stealing the spotlight. Let’s explore what’s happening in the crypto industry and learn more about this cryptocurrency for beginners.
Summary
Coinbase obtains an MPI license from the Monetary Authority of Singapore.
Analysts estimate that Bitcoin (BTC) could approach $28,500 by the end of October.
VC Spectra (SPCT) attracts investors with its 82% upside promise.
Coinbase Secures Key Singapore License for Crypto Expansion
On October 1, Coinbase reached a major milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows the platform to expand digital payment token services, including top altcoins, to Singapore’s retail and institutional customer base.
Nana Murugesan, VP of Internal and Business Development at Coinbase, sees this as an endorsement and duty to the thriving crypto and Web3 field in Singapore. As Singapore carves out its place as a crypto hub, Coinbase’s introduction of bespoke regional offerings underlines its ambition to consolidate its international presence.
Marathon Digital accelerates the production of Bitcoin (BTC)
Marathon Digital Holdings saw a 245% increase in its Bitcoin (BTC) production in September 2023 due to its optimized operations in Texas. Their upcoming installation in Garden City and a 20% increase in the US hash rate present a promising future for Bitcoin. Their partnership in Abu Dhabi brought in an additional 50 BTC, bringing their total to 13,726 BTC at the end of the month.
With assets totaling $471.2 million, Marathon is consolidating its position in the market. Data indicates that the $27,000 mark is now a crucial Bitcoin prediction topic, with many traders highlighting its importance as a support level. The Bitcoin forecast suggests that even though Bitcoin (BTC) traded around $27,500 in October, resistance is evident.
When discussing the top five cryptocurrencies, experts point out that the recent rise in Bitcoin (BTC) could mean that the BTC network’s valuation exceeds its transaction value, hinting at a potential price bubble. There is a consensus in the Bitcoin prediction sphere that BTC could approach $28,500 by the end of October, with $27,500 as critical support, attracting more investors.
VC Spectra (SPCT) is the epicenter of decentralized investment gains
With its decentralized asset management protocol and trading platform, VC spectra (SPCT) attracts fintech and blockchain investors among major crypto coins like Bitcoin (BTC).
VC Spectra (SPCT) rose to $0.044 due to overwhelming demand during Stage 3 of the public presale. As a result, Stage 1 SPCT participants saw a whopping 450% return, while Stage 2 backers enjoyed a 300% gain.
A unique selling proposition of VC Spectra (SPCT) is its commitment to democratizing access to the blockchain and technology industries. They are creating a future where individuals can confidently invest in the blockchain and technology sectors, regardless of their financial background.
VC Spectra (SPCT) is designed to provide a rewarding journey for its investors, offering numerous benefits and dividends based on tokenized holdings. VC Spectra’s transparent and strategic approach to portfolio selection and capital allocation enhances value for stakeholders.
Investors in the new Stage 3 VC Spectra (SPCT) will experience an 82% increase when SPCT hits the predicted $0.080 by the end of the presale. Additionally, VC Spectra’s attractive pre-sale incentive, granting a 50% bonus on deposits, embodies SPCT’s commitment to rewarding early supporters.
Learn more about the VC Spectra presale here:
