As the January 10, 2024 deadline for the Securities and Exchange Commission (SEC) to make a decision on Bitcoin exchange-traded fund (ETF) applications approaches, the cryptocurrency and financial world is seeing a possible moment: Be historic. There has been a lot of speculation and debate among investors, legal experts, and industry observers as a result of this decision, which is critical to the future of cryptocurrency trading in the mainstream market. Navigating your way through legally and strategically complex cases Fred Rispoli, a prominent legal expert in the cryptocurrency space, is at the forefront of the conversation. He is contributing…
Author: Crypto Flexs
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Solana’s recent price performance has been remarkable. It surpassed Ripple and Binance Coin to become the fourth-largest cryptocurrency by market capitalization. SOL price broke the critical level of $100 for the first time since April 2022 over the weekend, sparking optimism among investors. However, altcoins suffered a correction of about 7%, suggesting that the market was overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60. SOL outlook The price of Solana has shown significant recovery over the past few weeks and has surpassed the psychological level of $100. The altcoin has been one of…
join us telegram A channel to stay up to date on breaking news coverage Within the dynamic environment of cryptocurrency, there are constant waves of innovation and market movement. This captivates both seasoned and new investors. Cryptocurrencies remain a hotbed of excitement and curiosity as the global financial ecosystem embraces digital assets. From groundbreaking technological advancements to regulatory changes and market volatility, cryptocurrencies are witnessing an era defined by their rapid evolution and transformative potential. Next Cryptocurrency to Explode Between the resurgence of Bitcoin, the emergence of innovative altcoins, and the growing adoption of blockchain technology across industries, the excitement…
Without sound or a corporate press release, Microsoft quietly launched a new standalone AI chatbot app for Android. Named Copilot and first discovered by Twitter users, this release from the Redmond-based tech giant adds to the burgeoning field of AI-powered mobile apps, continuing to expand the variety of options consumers can access from the palm of their hands.The Copilot app, now available on the Google Play Store, is Microsoft’s latest move to leverage its partnership with leading AI developer OpenAI. The Copilot app integrates the sophisticated language and image generation capabilities of GPT-4 and DALL-E 3 with the image analysis…
Bitcoin price extended its decline below the $42,650 range. BTC is showing some signs of weakness and may extend its downtrend towards $40,000 support. Bitcoin appears to be declining below the $43,500 level. The price is trading below $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $43,200. The pair may continue to decline towards the $40,500 and $40,000 support levels. Bitcoin price falls further Bitcoin price struggled to initiate a new rally above the $43,500 and $43,650 resistance levels. BTC formed…
Hong Kong authorities have proposed accepting and regulating fiat-pegged stablecoins (FRS). According to the document, the Financial Services Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) allow retail investors to purchase stablecoins, but note that issuers must obtain a special local HKMA license. To obtain a license, a company must fully support all stablecoins in circulation with reserves equal to face value, segregation and storage of reserve assets, and public and regular reporting. You must also open an office in Hong Kong with the CEO, senior management and key personnel. However, algorithmic Stablecoin issuers cannot obtain a license. “Implementing…
Hong Kong has proposed that stablecoin issuers be required to obtain a license in the city as part of a legislative proposal to oversee the industry.in consultation documents According to a joint announcement today by the Hong Kong Monetary Authority (the de facto central bank), the Financial Services Authority and the Treasury Department, the authority will grant licenses from the HKMA to stablecoin issuers if they issue stablecoins that: He said he should receive it. It refers to the value of one or more fiat currencies in Hong Kong.”Under the proposed regime, such licensees must be locally incorporated with management…
Some creditors of the Mt. Gox cryptocurrency exchange have reportedly received double payments in the ongoing settlement process. The development comes as Mt. Bitcoin, the once-dominant Bitcoin exchange that collapsed in 2014. It adds another twist to Gox’s story. According to recent reports, Mt. Several of Gox’s creditors received settlement funds twice. This unexpected incident was brought to light through several Reddit posts where users shared their experiences of receiving duplicate payments. One such Reddit user, u/rlycreativename, said that Mt. We published the text of an email purporting to be from the Gox Rehabilitation Foundation, which states that a system…
A trader who correctly called the bottom of the Bitcoin (BTC) bear market in 2018 believes the upward trend for the Ethereum (ETH) challenger, which has significantly outperformed the broader cryptocurrency market this year, is far from over. Pseudonymous analyst Bluntz told his 233,400 followers on social media platform . According to Bluntz, Solana has more gas left in the tank. predict SOL still has a gain of over 257% from current levels. “SOL is still 113% away from ATH. Why is everyone so obsessed with singing the top? What on earth is your problem? Buy dibs up to $400.…
December was a fiery month for the cryptocurrency sector. South Korea’s Bitcoin Premium Index, a thermometer of the nation’s purchasing power, has soared to levels reminiscent of its November 2021 highs. This sudden heat wave has analysts sweating and unsure whether this is a harbinger of strength or a prelude to a severe correction. Bitcoin ‘Kimchi Premium’ – Korean FOMO excitement Market watcher CryptoQuant points to an interesting trend: “Korean premium overheating.” They whispered that this phenomenon could be a sign of a price peak due to a powerful mix of FOMO-driven excitement and Korean cash pouring into digital shores.…