Day: February 12, 2024

Analysts Signal Potential New ATH For BTC

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After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Halving Event: A Catalyst For Scarcity, Price Appreciation The Bitcoin halving event, scheduled for April 2024, stands as a pivotal moment in the cryptocurrency’s history. This event, occurring every four years, reduces the block reward for miners…

Watch Out for This Popular Crypto Exchange Clone

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Life is not easy when you are one of the largest cryptocurrency exchanges by volume and number of clients. On the one hand, you deal with regulators in different parts of the world, and on the other, with scammers who try to impersonate your brand. Coinbase is well aware of this and has again fallen victim to a clone company with the catchy name Coinbaseie. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto world. Board the Crypto Train now! The UK financial regulator FCA…

ICO responds to Home Office’s draft regulations to the immigration exemption

The Information Commissioner’s Office has welcomed proposed government changes to provide clearer safeguards around how people in a potentially vulnerable position within the immigration system are able to access the information held about them. The draft regulations will amend the immigration exemption in the Data Protection Act, and follows December’s Court of Appeal ruling that required the government to make the exemption clearer. The ruling followed a case brought by the3million and the Open Rights Group, in which the ICO was an interested party, where concerns were raised that the…

Latam Insights: Bukele Wins Presidential Ballot by Landslide, Brazil Strengthens Crypto Tax Oversight

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000 irregularities in crypto tax statements, and Argentine President Javier Milei warns there will be no dollarization this […] Source CryptoX Portal

Bitcoin ETFs flows could bring BTC to $112k price, CryptoQuant suggests

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The price of Bitcoin (BTC) could reach $112,000 as early as 2024, according to CryptoQuant. CryptoQuant CEO Ki Young Ju believes the current trend of inflows related to spot exchange-traded funds (ETFs) will continue. He said the “worst case scenario” for Bitcoin would be at least $55,000, or almost 15% higher than prices on Monday, Feb. 12. The targets were set based on the impact of inflows on Bitcoin’s market capitalization and a metric ratio that historically indicated whether prices were “overvalued” or “undervalued.” At the same time, the BTC…

Chainlink Takes Over Dogecoin In Key Metric As Mysterious Whale Pushes LINK Upwards

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Chainlink (LINK) is now experiencing three weeks of robust positive price activity, putting it well ahead of the overall cryptocurrency market. LINK’s price has skyrocketed over 48% since January 25, surpassing $20 on February 11 for the first time since February 2022. Amidst this price surge, which saw the cryptocurrency moving closer to Dogecoin in market cap rankings, on-chain data has revealed a consistent whale accumulation. One whale, in particular, has accumulated $83.6 million worth of LINK in the past five days. Chainlink Overtakes Dogecoin In Market Cap Chainlink’s price…

Ethereum Co-Founder 22K ETH Transfer Sparks Price Speculation

In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. The deposit made by Wilcke amounts to 22,000 ETH, valued at approximately $41.1 million at the time. With Ethereum’s current price standing at $2,500, this deposit has injected renewed interest and excitement into the market. Ethereum Co-Founder Transfers 22K ETH: Impact On Price Despite this substantial deposit, the overall trend of Ethereum’s netflow remains unaffected. This deposit comes after a considerable hiatus, with the last recorded transaction from…

Bitcoin declines following crypto’s ominous sidelining during Super Bowl LVIII

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Bitcoin (BTC) has slightly declined after the annual league championship game of the National Football League, known as the Super Bowl features no crypto ads. BTC is down by 0.7% in the past 24 hours and is trading at the $48,200 mark at the time of writing. The asset’s market cap is still above $945 billion with a daily trading volume of $19.2 billion. BTC price, open interest, funding rate and RSI – Feb. 12 | Source: Santiment The decline comes as the Super Bowl goes without any crypto ads…