Policy • February 13, 2024 3:41 AM EST Posted 1 minute ago In ~ The Blockchain Association, a non-profit organization representing the interests of the U.S. cryptocurrency industry, sent a letter to Congress on Tuesday expressing concerns about the Digital Asset Anti-Money Laundering Act of 2023 proposed by Senator Elizabeth Warren.“(This bill) threatens our country’s strategic advantage, threatens tens of thousands of American jobs, and has little impact on the illegal actors it targets,” he said. letterIt was co-signed by 80 former military and national security experts with backgrounds in digital assets. Senator Warren’s proposal aims to address existing security…
Author: Crypto Flexs
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The Oasys blockchain, backed by popular gaming companies Ubisoft and Sega, saw its OAS token rise 22% to a record high of $0.1414 late Monday after announcing a partnership with South Korean game developer Com2uS.Image: CoinGeckoOasys (not to be confused with Oasis) is a combination of a layer 1 blockchain and an Ethereum-compatible optimistic rollup-based layer 2 scaling solution. Individual games may launch their own versions, or “Verse”, to utilize the architecture.Oasis announced that it will collaborate with Com2uS, a Korean game developer known for video game titles such as action and strategy RPG ‘The Walking Dead: All Stars’ and…
Bitcoin price continued its upward trend above the $48,800 resistance level. BTC tested $50,000 and is currently showing signs of a downward correction. Bitcoin price rose above the resistance levels of $48,500 and $48,800. The price is trading above $48,800 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term ascending channel with support at $49,750. The pair may begin a downward correction below the $49,750 and $49,500 levels. Bitcoin price rises 5% Bitcoin price remained in the positive zone above the $48,000 resistance zone. BTC continued its upward trend…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACELshvrw is a fraudulent cryptocurrency investment DApp used by scammers to trick prospective investors out of their cash.Victims are approached online, often using ‘accidental’…
reporter Posted on: February 13, 2024 Cardano’s recent activity has hinted at potential positive outcomes for the network. Cardano’s NFT space has presented challenges that impact its diversity and appeal. Over the past month, Cardano (ADA) has been fighting between bullish and bearish sentiments, causing the ADA price to fluctuate frequently. surge in activity But recent network activity could help the ADA see green more consistently. According to data, the Cardano network successfully executed 81,000 transactions in the last 24 hours. Just joined: Cardano $ADA The network successfully completed 81,000 transactions in the last 24 hours. — Adaptive News |…
The Bank of Russia said in its latest report that financial fraud involving cryptocurrency-related elements will increase in 2023. illegal activityIncluding financial pyramids, the number of confirmed cases increased by 15.5% compared to the previous year, reaching 5,735. Online fraud surges as cryptocurrency takes center stage that much report This highlights the growing trend of illegal participants in the financial market using cryptocurrency. By 2022, every second similar investment project involved a cryptocurrency, and by 2023, almost every financial pyramid and illegal broker offered investments in domestic tokens or accepted donations in cryptocurrencies, the bank claims. According to the report,…
According to Anthony Pompliano, Wall Street is on its way to new all-time highs, acquiring Bitcoin at a rate 12.5 times greater than daily production. Anthony Pompliano recently highlighted Wall Street’s significant interest in Bitcoin (BTC) on CNBC’s Squawk Box, saying, “Wall Street loves Bitcoin. “They are buying 12.5 times more Bitcoin per day than the network can produce.” Pompliano’s comments highlight strong institutional demand for Bitcoin. This especially highlights that as the cryptocurrency approaches its halving in mid-April, the rate at which new Bitcoins are created will be cut in half, potentially strengthening the already tight supply-demand balance. Wall…
Digital Currency Group said in a letter to shareholders on Monday that the company recorded $210 million in revenue in the fourth quarter of last year. This is a 59% increase compared to the same period last year.The company, which owns Grayscale Investments, said high asset prices, particularly Bitcoin, were the main reason for the increase in profits. DCG also reported fourth-quarter EBITDA jumped to $99 million, compared to negative $7 million during the same period in 2022.“For fiscal year 2023, DCG’s consolidated revenue was $749 million and EBITDA was $275 million,” the company said in its letter to shareholders.…
“There is no news that could have a price correlation with Bitcoin other than the halving, which could provide returns in the medium to long term,” Ryan Lee, senior analyst at Bitget Research, wrote in a note to CoinDesk. “It is also important to consider psychological levels in the market, such as the BTC price from $50,000 to the previous ATH, which could lead to a larger price retracement,” he said.
Ethereum price rose more than 5% and headed towards $2,700. ETH is consolidating gains and could target a move towards $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bullish flag pattern with resistance at $2,500. If it stays above the $2,630 support area, it could start a new rally. Ethereum price begins a new surge Ethereum price remained stable above the $2,420 resistance level. ETH outperformed Bitcoin by forming…