Day: December 28, 2023

Debunking Bitcoin Myths in the Wake of 2023 Crypto Market Recovery and Regulatory Evolution

Since 2014, there has been a significant effort to develop and implement infrastructure to prevent, detect and investigate bitcoin and other crypto transactions. Today, there are numerous tools available for financial institutions, regulators, law enforcement and virtual asset service providers (VASPs) that enable advanced techniques and tools to track and analyze bitcoin and crypto transactions, leading to the identification and apprehension of criminals in various cases. The level of traceability in bitcoin is actually higher than in many other financial systems, especially cash where transactions can be much more opaque.…

Crypto Analyst Predicts Major Price Shift For Cardano (ADA)

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LuckSide, a crypto analyst, has weighed in on the price action of Cardano (ADA), giving an analysis of the near-term price performance of the crypto asset.  Cardano (ADA) Poised For Bullish Or Bearish Trajectory The crypto analyst recently shared his predictions for Cardano (ADA) with the crypto community during one of his YouTube videos. In the YouTube video – “CARDANO ADA – MOMENT OF TRUTH!,” LuckSide asserted that ADA is at a critical crossroads. The analyst revealed a technical projection that indicates ADA is about to undergo a major price…

Top Banker Reveals Why XRP Price Will Rise 390,000% To $2,500

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Crypto analyst Egrag Crypto recently shared an interesting story of his discussion with a top banker regarding the XRP price. The discussion centered around XRP, with Egrag and the banker analyzing how the altcoin could be worth $2,500 in the near future.  XRP Price To $2,500 Is A Possibility Talks about XRP hitting $2,500 arose when the banker challenged Egrag to explain how 40,000 XRP could end up equalling $100 million. The banker was aware of Egrag’s knowledge of technical analysis and, from the story, seemed to have posed the…

Ethereum surging as crypto turns bullish, new altcoin set for more gains

Crypto prices are back to bullish ways on Dec. 28 after a brief pullback. Ethereum is in focus after rising 6.7%, peaking at $2,440, the highest level since May 2022. Meanwhile, Ethereum-based tokens are also surging, with newly launched Bitcoin Minetrix trending higher in its presale. Ethereum set for strong gains CEO and founder MN Trading, Michael van de Poppe,recently said ETH will post strong gains in Q1 2024 as Bitcoin dominance has seemingly peaked. At the time, Ethereum was trading at $2,310, and after a brief pullback, it rose…

Javier Milei’s Draft Bill Proposes Incentives for Declaring Domestic, Foreign Crypto Holdings

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Crypto Exchanges Seeking to Tap on Vast Indonesian Market Must Register with Commodity Future Exchange (CFX)

The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in the coming years, the Indonesian government has been preparing to tap into the blockchain and the nascent industry to grow its economy securely. In the latest move, the Indonesian government has announced that all cryptocurrency…

MicroStrategy Buys More BTC and ARK Invest Buys BITO

MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), added more to its holdings on Wednesday, buying 14,620 BTC for around $615.7 million. The company’s executive chairman, Michael Saylor, tweeted that MicroStrategy bought the bitcoin at an average price of $42,110 each. The recent purchase pushes the company’s holdings to 189,150 BTC worth around $5.9 billion, which was bought at an average price of $31,168 per BTC. MicroStrategy began purchasing bitcoin in August 2020. The company’s most recent purchase before Wednesday’s took place last month, when it acquired 16,130 BTC…

Blast Secures $1.1B in Deposits Ahead of Launch

The native BLUR token has also seen positive price movements. 2024 is only a few days away and we already have many highly anticipated blockchain projects in the works. Even though it is the holidays, crypto lovers are still engaging with these projects and many of them seem very promising. Take Blast, a layer-2 blockchain that is being launched by the creators of Blur. The blockchain will not be fully live until February 2024 but has already reported an impressive $1.1 billion in deposits. Blast Makes a Splash According to publicly…