A widely known cryptocurrency analyst says a little-known altcoin has massive upside potential as he updates his outlook on smart contract platform Solana (SOL). Pseudonym: Cryptocurrency Strategist Altcoin Sherpa says Beam (BEAM), an open-source gaming blockchain, has “big upside” potential in 2024, according to social media platform X, which has 202,300 followers. “BEAM: A good buy (I think)… I will keep this until 2024. Big upside and my play for this cycle (albeit with other smaller bets).” Source: Altcoin Sherpa/X BEAM is trading at $0.021 at the time of writing, up 8.34% in the last 24 hours. Altcoin Sherpa goes…
Author: Crypto Flexs
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October 29 FCA statement Posting time: 14:01h announcement Posted by Elodie Jallet October 27, 2023 — We understand that Bitfinex is included in the UK Financial Conduct Authority’s (FCA) unauthorized firms warning list. Bitfinex is very disappointed with the action taken by the FCA. Bitfinex has had detailed discussions with the FCA and has proactively taken steps to meet the FCA’s requirements, including notifying all customers of details of any steps taken to meet the FCA’s requirements. Bitfinex also blocked various website pages that UK visitors might visit, including the Bitfinex Affiliates page, Stake page, credit/debit cards, Lending Pro, Bitfinex…
Several cryptocurrency industry stakeholders have lawsuits pending in the U.S. and other jurisdictions after a busy year for government prosecutors and digital asset lawyers. 2023 saw the cryptocurrency industry’s largest court case to date, with a multibillion-dollar settlement between the industry’s largest exchange and several U.S. regulators. But 2024 promises another series of court battles against illegal activities and cryptocurrency defendants. The U.S. Securities and Exchange Commission (SEC) has sued several cryptocurrency companies in what some advocates are calling a “regulation by enforcement” campaign for blockchain assets. I found a typo in the SEC’s briefing. They cite an “aggressive regulatory…
After years of mostly unkind words for the crypto industry, 2023 was the year that U.S. regulators took out the sticks and stones. Following the collapse of criminally mismanaged crypto brand FTX in November 2022, Wall Street’s top regulator, the Securities and Exchange Commission, had the perfect reason to crack down on an industry full of “hucksters, fraudsters and scam artists”—to quote SEC chair Gary Gensler.But has the crackdown gone too far?Some U.S. lawmakers, including the crypto-friendly Majority Whip Tom Emmer, have criticized the regulator for “stifling innovation” in the world’s biggest economy. Republican Patrick McHenry (R-NC) accused Gensler of wanting to…
XRP price is on a war path today and has already started to rebound. Interestingly, this rally is coming at a time when the rest of the cryptocurrency market is slowing down with losses here and there. So what is driving the XRP price rise? Ripple showing positive upward trend Much of the positive sentiment that has fueled the rise in XRP price comes from XRP’s parent company, Ripple. Ripple, which has rallied through an outstanding year, looks set to see further gains, especially in the wake of the FTX bankruptcy. In a new development, court documents show that Ripple…
On a chilly day on December 25th, overall market sentiment was somewhat quiet and investors appeared to be retreating to enjoy the holiday cheer. Despite the market taking a moment to catch its breath right now, it’s been an impressive year and there are rumors that a Bitcoin spot ETF could possibly receive approval in January. With a market capitalization of $1.68 trillion and a trading volume of $63.6 billion, the current market scenario interestingly leans towards ‘greed’ with a score of 72 on the fear-greed index. As the year comes to a close, we hear the whispers of Santa…
Cryptocurrency legislation faces several major headwinds in 2024, including the upcoming election season, potential opposition from Securities and Exchange Commission Chairman Gary Gensler, and pushback from some lawmakers who express concerns that the bill does not do enough to regulate the cryptocurrency sector. there is. Cryptocurrencies range from the criminal trial of former FTX CEO Sam Bankman-Fried and the indictment of several exchanges to some industry court wins, the downfall of former Binance CEO Changpeng Zhao, and physical Bitcoin Even the excitement about exchange-traded funds has had a rough year. . Come 2024, lawmakers will have all this in mind…
reporter Posted on: December 26, 2023 SOL did not show strong signs of fatigue in the higher period charts. There was attractive liquidity near $100 for Solana to test again. Solana (SOL) continues its upward trend during the festive season, giving holders an additional reason to celebrate. From a low of $71.78 on December 19, SOL rose more than 57% in less than six days. AMBCrypto noted in its previous analysis that resistance at $96.45 would be a good place to book profits, while $103-$106 could act as resistance. SOL bulls blew these expectations out of the water by rising…
There is an app called kzzy. You can fund your account with btc, eth and usdt. All cryptocurrencies are converted to usdt once transferred to your account. You are given two wallet addresses to send your cryptocurrency to. This is an eth address that matches the usdt address and the btc address. When I searched for this address in Blockchain Explorer, I found more transactions than I did. There are transactions that exist in your wallet address before creating a kzzy account. Also, like on a futures exchange, you bet on the high or low contract for BTC via USDT.…
Kaku Saito, chairman of the JCBA Tax Review Committee, said in an interview with JCBA Japan that Web3 companies have been relocating overseas because they are liable to pay taxes even before they make a profit from their activities. Companies had to pay taxes on unrealized profits, which forced them to sell assets and hindered business development.