Month: February 2024

Billionaire Tim Draper Bullish On Bitcoin As It Will Surpass Traditional Currencies, Here’s Why

boss

Tim Draper, founder of Draper Associates and Billionaire venture capitalist, recently shared his thoughts on Bitcoin and the flagship crypto token’s potential to revolutionize the global economy. Specifically, Draper highlighted how BTC could replace the Dollar and other fiat currencies soon enough. BTC To Replace The US Dollar Draper mentioned during an interview on Bloomberg that the time is coming when people “won’t want the Dollars” anymore. He believes this would happen as a result of everyone having a preference for the flagship crypto token. When that happens, the billionaire…

South Korean Province Gyeonggi Uses Digital Tracking to Collect $4.6M From Crypto Tax Evaders

The process involved using the local registration number of violators or delinquents, as they are referred to in South Korea, held by local governments. This revealed the mobile numbers of the violators, which were then used to track the linked accounts on crypto exchanges. The system reduced the previous six-month long process of requesting case-to-case information from crypto exchanges to a mere 15 days. Source

Bitcoin pump stirs crypto as Meme Moguls, Solana, and Cardano surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The cryptocurrency market is witnessing a remarkable surge, led by a significant uptick in Bitcoin (BTC) prices. This upward momentum has cascaded into the altcoin sector, spotlighting Meme Moguls (MGLS), Solana (SOL), and Cardano (ADA) for their unique contributions and recent advancements. Bitcoin’s influence Bitcoin‘s recent rally, achieving a notable price point of $52,097.20, marks a significant moment for Bitcoin and the cryptocurrency industry​​.  This Bitcoin’s uptrend is underscored…

Spot Bitcoin ETF approval changes nothing, analysts at ECB insist

boss

European Central Bank analysts refute Bitcoin’s value despite the recent spot ETF approval, citing its unsuitability for payment and investment, and advocate for stricter regulations. The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) changed nothing as the crypto’s fair value “is still zero,” Ulrich Bindseil, director general of market infrastructure & payments, and Jürgen Schaaf, adviser in market infrastructure & payments at the European Central Bank, said in a recent blog post. Refuting Bitcoin’s claims of being a global decentralized digital…

South Africa to Start Work on Stablecoin Regime and Tokenization

Alongside many countries, South Africa has been ironing out its approach to crypto. Last year, the Financial Sector Conduct Authority (FSCA) and the Financial Intelligence Centre (FIC) declared crypto to be a financial product and started registering crypto asset service providers. This year, the country will add stablecoins as a particular type of crypto, the Treasury department’s budget paper said on Wednesday. Stablecoins are digital assets whose value is tied to assets like the U.S. dollar. Source

XRP and Bitcoin Cash disappoints; traders explore KangaMoon

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Under the current market conditions, the presale of KangaMoon (KANG) is drawing investors. Its unique business plan and growth trajectory have placed it in a prime position to lead the crypto market. On the other hand, projects like XRP and Bitcoin Cash (BCH) have failed to register gains. This article will investigate these cryptocurrencies to discover why KANG is the new market king. Ripple expands Ripple is continuing to…

Privacy Coins Under Attack – Not Down for the Count Yet

The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, […] Source CryptoX Portal

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

boss

Apecoin (APE) is experiencing a rollercoaster ride in 2024. After plummeting to an all-time low of $1.01 in October 2023, the Bored Ape Yacht Club governance token has experienced a dramatic turnaround, buoyed by strategic whale buying and a recent partnership with the Arbitrum network. However, with a 13% pullback in the past two days and lingering profit-taking concerns, questions remain about whether the bulls can defend key support levels and push the price back towards its former glory. At the time of writing, APE was flashing green, trading at…

French Football Team PSG to Become First to Run a Blockchain Validator

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Solana phone pre-orders hit 100k, GFOX presale nearly sold out 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. It is a painful time to be sidelined in stablecoin and a great time to be a crypto owner. Institutional appetite is roaring for exposure. Bitcoin (BTC) ETF inflows remain constant, and even crypto-native hardware is experiencing and enjoying product market fit.  Solana’s (SOL) phone pre-orders hit 100K as new memecoins flourish. The Galaxy Fox (GFOX) presale is nearly sold out, and mounting demand for crypto ownership across the board implies…