According to the latest K33 Research report, the recovery of Bitcoin price to all-time highs will be “significantly faster” this cycle.The decline has lasted 755 days so far, and is currently about 36% off Bitcoin’s all-time high of about $69,000 in November 2021. This compares to K33 Senior’s 1,178 days to recovery since 2013 and 1,092 days since 2017. Analyst Vetle Lunde and Vice President Anders Helseth said:“Neither of the past cycles have seen institutional demand comparable to what we see now. All major financial institutions have participated in this space and have vocally endorsed it. BTC +2.86% “Publicly,” analysts…
Author: Crypto Flexs
Read More
JWK Show’s cryptocurrency analyst predicts a rise for XRP and expects a near-term Bitcoin rally while awaiting ETF approval. The analyst stated that he was personally invested in XRP at the time of the video and that it was trading at around $0.62. He said he “bought more XRP” on December 3 based on certain technical analysis signals. Based on the current chart, we expect XRP to rise. We expect XRP to hit this high around $0.71. Let’s see if it works. JWK Show In addition to the analyst’s technical analysis, he believes that a broader rise in the cryptocurrency…
The added functionality also comes as many other companies, especially large companies in the traditional financial world, are working to gain exposure to the cryptocurrency ecosystem. In about a month, the Securities and Exchange Commission (SEC) is expected to approve or reject spot Bitcoin exchange-traded funds (ETFs) from various applicants, including BlackRock, Fidelity, and Franklin.
Debt Box and other defendants in a lawsuit against the U.S. Securities and Exchange Commission want the case dismissed after a court determined the agency lied to secure a temporary restraining order against them.“The SEC misjudged this case. Attorneys for Digital Licensing, which does business as Debt Box, said they filed a motion to dismiss on Dec. 4 with Judge Robert Shelby of U.S. District Court for the District of Utah. “The SEC should not allow false stories to continue to be spread to avoid dismissals.” The SEC obtained a temporary restraining order on freezing Debt Box assets on August…
join us telegram A channel to stay up to date on breaking news coverage As Europe’s gambling industry grows, cases of gambling addiction are also increasing on the continent. According to the Gambling Commission, 53% of people aged 16 and over in the region gambled last year. Of these, 430,000 people are addicted to gambling, and more than 1.85 million people are at risk of addiction. However, people who use online gambling platforms know how addictive gambling can be. They do not mind setting up self-exclusion and stopping gambling. Thus, GamStop has emerged as one of the best platforms with…
Ethereum price continued its upward trend above the $2,250 resistance line. ETH is up more than 10% and may continue to rise towards the $2,500 resistance. Ethereum is showing positive signs and recently broke above the $2,300 resistance level. The price is trading above $2,250 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trend line forming with support near $2,250. A break above the $2,320 resistance could extend the rally. Ethereum price rally extends Ethereum price, like Bitcoin, stayed in the positive area above $2,120. ETH continued its upward…
Since Satoshi Nakamoto launched Bitcoin in 2009, cryptocurrencies have emerged as a viable asset class as well as a speculative investment.This means that in an ever-evolving financial landscape, cryptocurrencies have the potential to reshape traditional banking systems and disrupt the status quo when it comes to how people use their money.A natural expansion is the acceptance of Bitcoin and other cryptocurrencies as legitimate assets, allowing users to use their holdings as collateral to secure loans. The ability to obtain loans using cryptocurrencies is changing the way individuals perceive and interact with digital assets, opening up new possibilities for financial flexibility…
The Bank of Italy and the Bank of Korea recently formalized their cooperation through a Memorandum of Understanding (MOU) signed on December 5, 2023. This partnership marks a pivotal moment in the exploration and potential implementation of digital currencies by central banks, adding to growing global interest in the digitization of national currencies. The core of this MOU is mutual knowledge sharing, with a particular focus on information and communication technology (ICT) that supports real-time payment systems and CBDC. This is not the first cooperation project between the two banks. Previously, the two organizations had made joint efforts by collaborating…
Truly bipartisan legislative efforts are rare in Washington, D.C. these days, but Democratic Senators Elizabeth Warren and Joe Manchin and Republican Senators Lindsey Graham and Roger Marshall have come together to co-sponsor a bill focused on cryptocurrency crime. The Digital Asset Anti-Money Laundering Act of 2023 aims to close loopholes in the country’s anti-money laundering regulations, according to the senator. The bill would amend the Bank Secrecy Act and designate various digital asset providers as financial institutions. The Bank Secrecy Act establishes programs, recordkeeping, and reporting requirements for national banks, federal savings associations, federal branches, and foreign banking institutions. Digital…
New BNB Chain TVL Incentive Program Offers Up to $160,000 to opBNB-Based Web3 Projects – Chainwire housenewsroomNew BNB Chain TVL incentive program offers up to $160,000 to build opBNB-based Web3 projects We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…