 Show Posts
|
|
Pages: [1] 2 3 4 »
|
|
According to JPMorgan experts, Bitcoin might tumble below the $13,000 mark as a result of the FTX disaster. The American banking behemoth also stated that the market will suffer "a torrent of margin calls" in the coming weeks as a result of the collapse of one of the major cryptocurrency exchanges. Another forecast given by Fundstrat's Mark Newton is that Bitcoin will go below $10,000. Meanwhile, the king cryptocurrency fell to a fresh two-year low of $15,632 on Wednesday, Nov. 9. According to CoinMarketCap statistics, BTC has recovered and is presently trading at $17,322, although many analysts anticipate the largest cryptocurrency will continue to fall.
|
|
|
|
|
Elon Musk, the wealthy CEO of Tesla and SpaceX, has spoken out against the global recession, saying he expects it to persist until about 2024, when Bitcoin will halve.
Elon Musk turned to Twitter on Friday to express his opinions on the global recession in a thread, and he believes it will run until the spring of 2024.
The conversation was initiated by Billy Markus, a Dogecoin co-creator who in his tweet said:
“Coronavirus numbers are actually pretty low. I guess all we have to worry about now is the impending global recession and nuclear apocalypse.” Musk commented: “It sure would be nice to have one year without a horrible global event.”
In the responses, another Twitter user proceeded to ask Musk about the current global economic situations, asking that:
“How long do you think the recession will last?” The Tesla boss replied: “Just guessing, but probably until spring of ’24.”
|
|
|
|
A Hong Kong-based cryptocurrency startup has announced a collaboration with FinTech firm SmartPay to make USDT available at 24,000 ATMs across Brazil. Crypto use is increasing around the globe, which is why many financial institutions are using it to create services that will make crypto easy to spend like conventional currencies. Tether stated via official press on Thursday that it will make USDT available for simple spending across Brazil. According to the statement, SmartPay, a FinTech business, will handle the connection to provide easy access for Brazilians, and this innovation is aimed at making financial technology accessible to Brazilians through digital currencies. Source: https://mycryptoparadise.com/tether-will-be-available-in-24000-atms-across-brazil/ |
|
|
|
Despite Interpol serving a "red notice" on the controversial Terra CEO last month, Do Kwon denied being on the run from authorities on Tuesday. Kwon told Laura Shin in a recent interview that he came to Singapore from South Korea prior to the breakdown of Terra and its whole ecosystem in May. “There’s no reason why any government official would believe we fled to Singapore,” Kwon said. The Terra ecosystem crisis in May sent a shockwave through the crypto industry, increasing investor skepticism about cryptocurrency ventures. Many investors lost their life savings as a result of this incident, and one guy in Taiwan allegedly lost $2 million, prompting him to attempt suicide. Source: https://mycryptoparadise.com/do-kwon-breaks-silence-says-he-is-not-on-the-run/ |
|
|
|
Google will accept cryptocurrency payments for cloud services through Coinbase. According to CBNC, Google will begin taking crypto payments from select clients for its cloud services in early 2023, a rumour that sent Coinbase shares up 5% on Tuesday. In reaction to this agreement, Coinbase Commerce will migrate "data-related apps" from Amazon Web Services cloud to Google cloud. According to the report, the terms of the agreement have not been disclosed, but Jim Migdal, Vice President of business development at Coinbase, stated that the agreement will be similar to other Coinbase Commerce arrangements in that Armstrong Coinbase will earn a cut for every transaction that goes through the system. Coinbase Commerce now accepts 10 cryptocurrencies, including Bitcoin, Ethereum, Tether's USDT, and Dogecoin. CBNC also stated that it is unclear whether Google would continue to use Coinbase for payment processing due to competition from a recently crypto-integrated PayPal business solution. Source: https://mycryptoparadise.com/google-to-use-coinbase-to-accept-crypto-payments-for-cloud-services/ |
|
|
|
|
According to various accounts, Iranian security agents detained Ziya Sadr, an Iranian Bitcoin supporter, last month.
Sadr's buddy, Nima Yazdanmehr, told CoinDesk that Sadr was arrested on the streets of Tehran on September 19 and that he has not been freed. The arrest happened during huge anti-government rallies for the state-sanctioned execution of Mahsa Amini, 22.
Sadr is a well-known Bitcoin lecturer and YouTuber, as well as a supporter of the technology. He has translated Bitcoin information into Farsi and pushed ways to utilize Bitcoin for personal transactions that are more private.
According to Yazdanmehr, Sadr is now being imprisoned at Fashafouyeh Prison and maintains touch with his family and close friends.
|
|
|
|
I saw this & it’s all very amusing as not many people like her much but really the SEC is ridiculous & they should be concentrating on much more serious things like Congress insider trading, central banks laundering money for terrorists.
There are many more serious things for the SEC to protect investors from. I really don’t have much respect for Gensler & the SEC, will they ever approve a bitcoin ETF?
I'm 100% with you. They should be focusing more on serious matters. |
|
|
|
As per October 3 court filing, bankrupt Celsius Network has set the deadline date for the much-anticipated asset auction to October 17. In a report by Bloomberg, the troubled crypto lender submitted an auction plan to the United States Bankruptcy Court for the Southern District of New York on October 3. According to the filing, the deadline has been set to October 17, 4 pm for any bid to be submitted, and possibly, the auctioning plan will be executed by 10 am October 20. Celsius paused withdrawals on its platform in June citing extreme market conditions and the following month, it filed for bankruptcy for protection against creditors. However, recent court documents revealed that the lending firm’s liabilities were more than $6.7 billion and its assets were worth only around $3.9 billion, resulting in a balance sheet hole of $2.8 billion. News: https://mycryptoparadise.com/insolvent-celsius-network-sets-date-for-asset-auction/ |
|
|
|
Kim Kardashian to Pay $1.26 Million for Unlawful Touting Crypto Security As per SEC release, Kim Kardashian shared a promotional content on her Instagram page regarding Emax token in 2021 that contains links to EthereumMax website and provided instructions for potential investors to buy EMAX token, a crypto asset security offered by EthereumMax. The reality TV star and influencer, Kim Kardashian has agreed to pay the US Securities and Exchange Commission $1.26 Million charges for illegitimate crypto promotion. Crypto scrutiny is on the rise by financial watchdogs, this, of course, is an indication that more investors will be getting more interested in the space as more regulators’ scrutiny will render crypto a more trusted security, be miles ahead of others through the information and education from experts that will propel you ahead of others. Meanwhile, the US federal stated clearly that any celebrity or individual who promotes crypto security must disclose the nature, source, and amount of compensation they received in exchange for the promotion. Kardashian however received a sum of $250,000 for promoting the content through her Instagram handle which she refused to disclose and as a result of this, she faces SEC charges of over $1 million including approximately $260,000 in disgorgement, which represents her promotional payment, plus prejudgment interest, and a $1,000,000 penalty, in addition to this, she will not promote any crypto-related content on her page for the next three years. News: https://mycryptoparadise.com/sec-charges-kim-kardashian-1-26-million-for-unlawful-crypto-promotion/ |
|
|
|
The United States House of Representatives has drafted legislation that will see Terra-like stablecoins banned in the US for the next 2 years and regulatory agencies will be required to carry out a study of “endogenously collateralized” tokens. According to the draft revealed by Bloomberg, it will be a criminal offense to create or issue new “endogenously collateralized stablecoins” in the United States. Furthermore, the draft includes a provision of 2 years for the existing stablecoin issuers to amend their models and collateralize their offerings differently. The word endogenous means something synthesized within the system, meanwhile, stablecoins like TerraUSD require their issuers to mint or burn Luna to stabilize the value of UST, creating stablecoins with similar backing will henceforth be prohibited in the US. The earlier version of the bill required stablecoins creators to maintain a 1:1 liquid reserve for every stablecoin in the crypto space and would also limit the types of assets that could back them. The latest draft—which Bloomberg notes is currently sitting with committee chair Rep. Maxine Waters (D-CA), and may need to be reviewed by ranking member Rep. Patrick McHenry (R-NC)—goes even further. Read Full News: https://mycryptoparadise.com/us-proposes-a-2-year-ban-on-algorithm-stablecoins/ |
|
|
|
|
Why are many governments not regulating cryptocurrency?
|
|
|
|
The wait for the Ethereum transition to proof of stake is finally over after the successful merge on Thursday, an event that led to Ether attracting the US Securities and Exchange Commission. According to a recent report by the Wall Street Journal, SEC chairman, Gary Gensler has hinted about Ether, which according to him, the recent transition to proof-of-stake could be enough reason to push Ether out of its current legislation and make it security. As Ether has completed its transition to PoS, staking, which has the staker make his own tokens unavailable to himself for a period of time in exchange for a return on investment, could be seen as a “reasonable expectation of profit.” Meanwhile, SEC and Commodity Futures Trading Commission (CFTC) had previously said they didn’t recognize Ether as security with both commissions agreeing that Ether acted more like a commodity. Full News: https://mycryptoparadise.com/ether-could-be-registered-as-a-security-sec-chairman/ |
|
|
|
|
What is the projected price of Bitcoin?
|
|
|
|
|
The WOO network is a fantastic DeFi initiative since it provides deep liquidity for normal users and investors looking to get into the DeFi industry. Its decentralized and centralized exchanges have no fees, allowing traders to fully use trading, market executions, and narrower bid/ask spreads.
The WOO network links institutions and experienced traders into the realm of Decentralized finance, allowing them to exchange large quantities of money without fear of network congestion or excessive transaction fees.
To participate in the early phases of the WOO network, follow their roadmap and purchase $WOO tokens via respected exchanges like as Binance, Kraken, Kucoin, Gate.io, and WOO X.
|
|
|
|
|
!!!!!!!!!!! + Crypto Market Analysis Today
