Share this article Despite widespread warnings from analysts predicting a slump after the halving, Geoff Kendrick, head of digital asset research at Standard Chartered, remains optimistic, saying Bitcoin could reach $150,000 by the end of the year and $200,000 by the end of 2025. We’re lowering it to double.Before the U.S. Securities and Exchange Commission approved several spot Bitcoin ETFs, Standard Chartered boldly predicted that the price of Bitcoin would surge fourfold by the end of the year. Kendrick reaffirmed this optimistic prediction in a recent interview with Bloomberg BNN.Explaining the reason for the notable rise, the analyst pointed to…
Author: Crypto Flexs
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Bitcoin price has been choppy for about a month, in line with the fourth halving and past consolidation period.
Many of you know that the Ethereum platform grew out of the realization that blockchains can go far beyond currency, together with a frustration with the limitations of previous projects. The core idea was simple: a blockchain with a built-in Turing-complete programming language, allowing users to build any kind of applications on top. Over time, the vision evolved and expanded. The blockchain remains a crucial centerpiece, but it is ultimately only part of a larger vision of “web 3.0” as described by Gavin Wood here: a more secure, trustworthy and globally accessible internet for agreements, finance, auditing, tracking and simple…
Strategic transition to enhance financial stability and transparencyBinance, the world’s largest cryptocurrency exchange, has fully converted its Secured Asset Fund for Users (SAFU) to Circle’s USD Coin (USDC), which now accounts for 3% of the stablecoin’s total circulating supply. The move, announced on April 18, reflects Binance’s commitment to leveraging “trusted, audited, and transparent stablecoins” for its multibillion-dollar emergency fund.Today all SAFU assets are converted to: $USDC$1 billion to strengthen reliability and stability.Learn more 👇 https://t.co/Dggl3CdQYU— Binance (@binance) April 18, 2024 Source: BinancePurpose of SAFUFounded in 2018, SAFU serves as an emergency insurance fund designed to protect Binance users in…
bitcoin BTC +1.04% According to Glassnode analysts, the fourth halving event may have caused the digital asset to decisively surpass gold in terms of issuance shortfall.”The fourth halving marks an important milestone for Bitcoin versus gold. For the first time in history, Bitcoin’s stable issuance rate (0.83%) is lower than that of gold (about 2.3%), marking a historic milestone,” Glassnode analysts said. “It is our most scarce asset,” he said.Last Saturday’s halving event saw block subsidies reduced from 6.25 BTC to 3.125 BTC per block, or about 450 bitcoins minted per day, the report said.This observation was also pointed out…
Digital asset investment products recorded an outflow of $206 million last week. Bitcoin led outflows of $192 million amid Fed interest rate concerns. Last week, the outflow of digital asset investment products more than doubled, recording a second consecutive decline. According to CoinShares: reportThe outflow totaled $206 million. Bitcoin (BTC) The outflow was the largest at $192 million, followed by $192 million. Ethereum (ETH) 32 million dollars. Bitcoin leads outflows Compared to the previous week ($106 million), last week’s outflows were twice as high, highlighting investors’ risk-averse approach. Bearish sentiment dominated in the US, with US exchange-traded funds (ETFs) recording…
join us telegram A channel to stay up to date on breaking news coverage Tether announced strict measures in response to reports that Venezuela’s state-owned oil company PDVSA had adopted cryptocurrencies such as USDT to manage its oil and fuel exports. The company, which issues the stablecoin USDT, announced its intention to freeze transactions involving entities sanctioned by the Office of Foreign Assets Control (OFAC). This decision highlights Tether’s commitment to adhering to regulatory standards and enforcing sanctions compliance. Compliance Management: Tether’s Response to Venezuela’s Cryptocurrency Use in Oil Trading A Tether spokesperson emphasized its commitment to the OFAC SDN…
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https://unsplash.com/photos/asimo-robot-doing-handsign-g29arbbvPjo Artificial intelligence (AI) is leaving its mark in many industries. It has raised the bar in computing, created new possibilities in medicine, and caused more than a few headaches in the art world. However, one of the sectors that will benefit the most and see only positive changes is the online gambling sector. In fact, AI has already been here for many years. technology Once improvements are made, the possibilities that can be created are endless. Here are some ways AI is revolutionizing the online gambling sector: A more personalized experience I can’t…
The US Department of Justice (DoJ) has argued that former Binance CEO Changpeng ‘CZ’ Zhao should receive three years in prison ahead of his sentencing on April 30 for money laundering.According to a sentencing memo filed Tuesday, Justice Department lawyers recommended the court “sentence 36 months in prison, which is above the guidelines,” on Zhao’s “willful violation of U.S. law.”The former Binance CEO gambled that “he won’t get caught, and if he does, the consequences won’t be as serious as the crime,” and Justice Department lawyers say Binance’s “Wild West” strategy doesn’t comply. claimed. Anti-money laundering requirements in the United…