Day: January 23, 2023

Ripple (XRP) Price Prediction: Orbeon Protocol (ORBN) Rallies Over 987% In The Presale

Place/Date: – January 23rd, 2023 at 5:17 am UTC · 3 min read Source: Orbeon Protocol Orbeon Protocol (ORBN) is making waves in the crypto world with its presale rally of over 987%. This revolutionary protocol is changing the way crowdfunding and venture capital work, and investors are taking notice. The ORBN token can now be purchased for $0.0435, and analysts believe that the price will continue to soar, with predictions of a 6000% increase from the initial presale price, making the token worth $0.24. As the Securities and Exchange…

Aussie execs refute ‘argument’ to treat crypto as financial products

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Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia’s assistant treasurer on the ma Speaking to the Sydney Morning Herald on Jan. 22, Assistant Treasurer and Minister for Financial Services Stephen Jones was commenting on the state of crypto regulation in the country. He confirmed that the government was on track with its “token mapping” exercise this year to determine which crypto assets to regulate, with a consultation process “to start soon” with the industry, according…

Ethereum Price Consolidates Below $1,650 As The Bulls Aim Another Rally

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Ethereum climbed further higher above $1,620 against the US Dollar. ETH is consolidating gains and might aim another rally towards the $1,720 level. Ethereum is correcting gains from the $1,655 and $1,665 resistance levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if it stays above the $1,600 support zone. Ethereum Price Eyes Another Increase…

Philippine Authorities Rescue Alleged Victims of ‘Crypto Trafficking Ring’ – Featured Bitcoin News

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Philippine authorities say that they have rescued alleged victims of a “crypto trafficking ring” who were recruited to work in a call center in Cambodia and scam people out of their cryptocurrencies. The authorities are also investigating government employees who may have assisted crypto trafficking syndicates. Alleged Victims of ‘Crypto Trafficking Ring’ Rescued The Philippine Bureau of Immigration (BI)’s travel control and enforcement unit (TCEU) announced Friday that it has rescued six alleged victims of a “cryptocurrency trafficking ring,” the Philippine government-owned news agency reported. Bureau of Immigration Commissioner Norman…

Binance Says Signature Bank Won’t Support Transactions for Crypto Exchange Customers of Less Than $100K

Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 20% and potentially under 15% eventually, Signature CEO DePaolo said at a New York conference hosted by investment bank Goldman Sachs. Source

Former SEC chief blasts ‘bogus’ catchphrase: ‘Regulation by Enforcement’

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A former Securities and Exchange Commission (SEC) official has slammed “cryptocurrency lobbyists” for labeling SEC enforcement actions as “regulation by enforcement” — calling the term a “Bogus Big Crypto Catch Phrase.” John Reed Stark, a former chief of the Securities and Exchange Commission Office of Internet Enforcement and a crypto skeptic, opined in a Jan. 22 post that the argument is “sorely misguided” as it was just how securities regulations worked. “Litigation and SEC enforcement are actually how securities regulation works,” he argued. “The flexibility of SEC statutory weaponry is an…

Bitcoin Bulls Keeps Pushing, Why BTC Price Increase Isn’t Over Yet

Bitcoin price gained pace and traded above $23,000. BTC is consolidating gains and might start another increase towards $23,500. Bitcoin traded to a new yearly high at $23,428 before it started a downside correction. The price is trading above $22,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Eyes Additional…

Vitalik Buterin divulges the ‘largest remaining challenge’ in Ethereum

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Ethereum co-founder Vitalik Buterin has shared a possible solution to what he describes as the “largest remaining challenge” on Ethereum — privacy. In a blog post on Jan. 20, Buterin acknowledged the need to come up with a privacy solution because by default, all information that goes onto a “public blockchain” is public too. He then arrived at the concept of “stealth addresses” — which he said can potentially anonymize peer-to-peer transactions, nonfungible token (NFT) transfers, and Ethereum Name Service (ENS) registrations, protecting users.  An incomplete guide to stealth addresses:https://t.co/21Q18BrD30…

Chinese blockchain firm launches the ‘SWIFT’ of stablecoins and CBDCs at Davos

A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs). Red Date Technology, the blockchain infrastructure firm which is also leading one of China’s blockchain efforts, launched the Universal Digital Payment Network (UDPN) on Jan. 19 during the World Economic Forum (WEF) 2023 meeting in Davos, Switzerland. According to its whitepaper, the UDPN is a distributed ledger technology (DLT) platform that would serve a similar purpose to what the SWIFT network does for banks, but for stablecoins…