A subsidiary of OKX Middle East Fintech has received a preliminary license for a minimally viable product from the Dubai Virtual Asset Regulatory Authority.
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According to Glassnode, it takes 13.3 ounces of gold to buy one BTC, which is 46% more than at the beginning of the year.
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Β«Don't Trust Anyone: The Hunt for the Crypto KingΒ», 2022
In it, a group of investors is investigating the suspicious death of cryptocurrency multimillionaire Jerry Cotten and the loss of $250 million, which, in their opinion, he stole from them.
We recommend watching it!
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The indicator reached a record level of 200 million addresses.
Probably, the surge of activity in the network is associated with the upcoming halving, which is scheduled for August 4, 2023.
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Investors and traders are moving to Singapore, Japan and South Korea, and more recently to Hong Kong, where a new cryptocurrency regulation regime was introduced this month.
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This was stated by the regional manager of the company.
According to him, the UAE Virtual Asset Regulatory Authority is a key driver of interest in new technologies in the region.
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The BTC price breakdown of the psychologically important $31,000 level was crucial in many ways. And, apparently, his successes will not end there.
Over the previous three months of July, the yield exceeded 27%, 20% and 24%.
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On June 30, the LTC price rose above $100, but after the correction, the quotes declined.
The LTC/USDT chart shows that the surge was accompanied by a sharp increase in trading volume.
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The cryptocurrency exceeded all expectations and reached a new annual maximum, exceeding $31 000 for one coin.
Other major national stock markets also showed positive dynamics, although not as impressive as BTC
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It will be available in both virtual and physical forms, and will allow users to make any consumer payments directly with cryptocurrency through an LBank loan.
It is expected that almost 9 million users of the platform will start using it in the 3rd quarter of 2023, and VIP users will be granted an exclusive right to early access.
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According to Coin Metrics, this figure is 270% more than in the previous period, and exceeds the figure for the whole of 2022.
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According to Glassnode, on July 7, the number of addresses with a balance of 1 000 BTC reached a monthly maximum of 1 685.
Also, the perception of BTC by former skeptics is becoming more and more positive.
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The Chinese Bureau of Statistics reported that the annual growth rate of the consumer price index in June 2023 was 0%, which is the lowest since December 2015.
This can support the demand for cryptocurrencies as an alternative asset that protects against the depreciation of fiat currencies and offers high returns.
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Many cryptocurrencies have updated the annual maximum after the court did not recognize the native XRP token as a security.
In particular, BTC at the moment was trading at the highest price since June 2022 β $31,818. Over the year it grew by more than 90% and by almost 30% over the month.
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The presidential candidate promised to cancel the conversion of BTC to USD from tax. Also, if elected, he will abolish the capital gains tax for investors who profit from BTC.
Kennedy Jr. also stressed that BTC is not a security. Moreover, it should never be regulated by governments around the world.
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At the moment, large farms and pools mine mainly BTC. Since the beginning of the year, mining companies have significantly increased their capacity.
On the 2nd place in terms of production is LTC β $ 1.3 billion per day. Experts associate the increased interest in altcoin mining with the upcoming halving.
The 3rd place in terms of production belongs to BCH. The capacities of 31 pools, including ViaBTC, Solomining and AntPool, are configured for this BTC fork. The daily volume of BCH production is $498.42 million, the total hashrate is 1.95 EH/s.
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According to the announcement, the devices have a hashrate of 4300T, and users can connect the devices to the platform of the Antpool mining pool associated with Bitmain to receive rewards immediately after purchase.
FIL offers a unique combination of mining and staking to support its decentralized storage network.
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