🇺🇸 Gensler Warns About Bitcoin: “Highly Speculative and Volatile Asset”
Gensler has repeatedly highlighted the volatile nature of digital assets. He compared Bitcoin to a rollercoaster, indicating the unpredictable price swings that investors may encounter. He stated, “This is a highly speculative asset class, one could just look at the volatility of bitcoin in the last few days”, drawing attention to the fluctuating prices that have characterized the bitcoin market.
Source
@TradeCryptoNow
Gensler has repeatedly highlighted the volatile nature of digital assets. He compared Bitcoin to a rollercoaster, indicating the unpredictable price swings that investors may encounter. He stated, “This is a highly speculative asset class, one could just look at the volatility of bitcoin in the last few days”, drawing attention to the fluctuating prices that have characterized the bitcoin market.
Source
@TradeCryptoNow
In its analysis, Glassnode emphasizes the notable entry of institutional funds into bitcoin (BTC), especially after the green light for U.S. spot bitcoin exchange-traded funds (ETFs). This influx, contrary to the doubts of critics, has boosted bitcoin’s value, reaching $70,000 last week—a 58% leap from its $42,800 value before the ETF approval.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
Investment firm BlackRock hired former GSR research analyst Matt Kunke as a director and product strategist focused on iShares digital assets ETFs. At GSR, Kunke predicted in January that Ethereum ETFs had a 75% chance of approval by May. "This optimistic outlook is grounded in Grayscale's Court of Appeals victory and the subsequent approval of Ethereum Futures ETF, collectively suggesting that the approval of a spot Ethereum ETF is only a matter of time," he said at the time.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 Biden’s 2025 budget targets crypto tax loopholes, expands digital asset oversight
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Source
@TradeCryptoNow
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Source
@TradeCryptoNow
After just two months of trading, BlackRock’s IBIT spot bitcoin exchange-traded fund crossed 200,000 in assets under management on Monday. The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — total more than 420,000 BTC. Of the newborn nine ETFs, Fidelity’s FBTC is currently in second place with over 128,000 BTC and Ark Invest 21Shares’ ARKB is third with nearly 38,000 BTC per BitMEX Research data.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
JUST IN: 🇺🇸 The Biden administration is proposing a 30% tax on electricity used by 💰 Bitcoin miners
@TradeCryptoNow
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
🇪🇺 EU publishes draft rules for stablecoin issuer complaint procedures
The EU has published draft regulatory standards for issuers of stablecoins when dealing with complaints. Wednesday's Regulatory Technical Standards (RTS) set procedures for the "prompt, fair and consistent handling of complaints by holders of ARTs," or asset reference tokens, outlining specific guidelines and requirements for stablecoin issuer complaint management policies and procedures.
Source
@TradeCryptoNow
The EU has published draft regulatory standards for issuers of stablecoins when dealing with complaints. Wednesday's Regulatory Technical Standards (RTS) set procedures for the "prompt, fair and consistent handling of complaints by holders of ARTs," or asset reference tokens, outlining specific guidelines and requirements for stablecoin issuer complaint management policies and procedures.
Source
@TradeCryptoNow
MicroStrategy is looking to raise another $500 million via a bond offering to continue growing its Bitcoin stash less than a week after completing a similar debt sale, according to a March 13 press release. The latest senior convertible notes come with a March 15, 2031, maturity date and offer investors a semi-annual interest payment. The offering will include an option for an additional $75 million in notes, subject to market conditions and demand.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
UK High Court has declared that Dr. Craig Wright, an Australian computer scientist, and businessman, is not the author of the Bitcoin whitepaper, did not create the Bitcoin system, and did not operate under the pseudonym Satoshi Nakamoto from 2008 to 2011. The judgment comes as the culmination of the legal battle between Wright and the Cryptocurrency Open Patent Alliance (COPA).
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
This media is not supported in your browser
VIEW IN TELEGRAM
“I think this year we hit a million, if not this year then next year but it’s coming very soon.”
- Samson Mow
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
Wealth management and financial advisory firm Cetera approved the usage of four U.S. spot bitcoin exchange-traded funds for its network of 9,000 affiliated professionals. BlackRock’s IBIT, Fidelity’s FBTC, Franklin Templeton’s EZBC and Invesco’s BTCO were chosen due to the providers’ track record in successfully launching new product strategies, with the required resources, tools and knowledge, according to a statement from the company on Thursday.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
This media is not supported in your browser
VIEW IN TELEGRAM
Bitcoin: Has a block size of 1 MB
Bitcoin Cash: Has a block size of 32 MB
Bitcoin SV: Has a block size of 4 GB.
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
🇸🇻 El Salvador Will Keep Buying 1 💰 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the “large chunk” of bitcoins which Bukele previously revealed.
Source
@TradeCryptoNow
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the “large chunk” of bitcoins which Bukele previously revealed.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that this wallet is actually the cold storage of Upbit, a major South Korean cryptocurrency exchange.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
Standard Chartered Bank has raised its bitcoin price prediction target to $150,000 from its previous estimate of $100,000. "For 2024, given the sharper-than-expected price gains year-to-date, we now see potential for the BTC price to reach the $150,000 level by year-end, up from our previous estimate of $100,000," Standard Chartered Bank analysts led by Geoffrey Kendrick wrote in a report on Monday.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
🇳🇬 Nigeria intensifies probe into 🟠 Binance with court-ordered data disclosure
A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC). The ruling comes amid rising tensions between the crypto exchange and Nigerian authorities over the past month as the country’s fiat currency collapsed after locals turned to crypto to deal with unabated inflation.
Source
@TradeCryptoNow
A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC). The ruling comes amid rising tensions between the crypto exchange and Nigerian authorities over the past month as the country’s fiat currency collapsed after locals turned to crypto to deal with unabated inflation.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22. Inflows of $451.5 million from BlackRock’s dominant IBIT ETF were not enough to help overcome GBTC’s outflows, leading to a total net outflow of $154.4 million yesterday for the first time since March 1, according to data from BitMEX Research.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 SEC delays lower expectations of Ethereum ETF approval by May despite staking additions
The US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show. The delays affect proposals from investment firms, including VanEck, Ark Invest, Hashdex, and Grayscale — which has added a staking component to its ETH ETF application along with Fidelity — sparking discussions about the future of crypto ETFs in the US.
Source
@TradeCryptoNow
The US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show. The delays affect proposals from investment firms, including VanEck, Ark Invest, Hashdex, and Grayscale — which has added a staking component to its ETH ETF application along with Fidelity — sparking discussions about the future of crypto ETFs in the US.
Source
@TradeCryptoNow
The TON Foundation, a non-commercial group of contributors behind The Open Network (TON) blockchain, has launched the first round of a Toncoin community rewards initiative named The Open League, valued at more than $115 million at current prices. Following a successful pilot program, The Open League will distribute 30 million Toncoin to competing projects and TON ecosystem users starting April 1.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM
Base, the layer-2 blockchain from U.S. crypto exchange Coinbase that helps users transact on Ethereum with lower fees, appears to be struggling to keep up with a new wave in network activity, according to an official status warning issued by the protocol. "Base Mainnet is experiencing high traffic and increasing fees," the warning, which was posted to the official Coinbase status page, reads.
Source
@TradeCryptoNow
Please open Telegram to view this post
VIEW IN TELEGRAM