Month: March 2024

DOT Price (Polkadot) Looks Set To Crush $10 And Rally Further

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Polkadot (DOT) is gaining pace above the $8.80 resistance against the US Dollar. The price could extend its rally once it settles above the $10 barrier. DOT is gaining pace above the $8.50 and $8.80 levels against the US Dollar. The price is trading above the $9.00 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $9.20 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise unless the bears are…

Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $3,800

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Ethereum price is consolidating gains above $3,400. ETH is showing positive signs and might soon aim for a move above the $3,500 resistance zone. Ethereum is holding gains and consolidating below the $3,500 resistance zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be setting up for a move toward the $3,650 and $3,800 levels. Ethereum Price Remains Supported Ethereum…

Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’

Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of “investment contract” might preempt state legislation. Montana and Seven […] Source CryptoX Portal

Bitcoin Price Restarts Rally, Why BTC Could Soon Hit $65K

Bitcoin price is gaining momentum above the $62,000 resistance. BTC is signaling an upside break and might surge toward the $65,000 resistance. Bitcoin price is moving higher from the $61,200 support zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $62,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher toward the $65,000 resistance or even $65,730. Bitcoin Price Regains Strength Bitcoin price remained…

Will Bitcoin hit a fresh all-time high in 2024?

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Exchange-traded funds (ETFs) have emerged as a significant topic, particularly concerning their potential to fuel the Bitcoin (BTC) price to surpass its previous all-time high (ATH) of nearly $70,000. Furthermore, BTC proponents are optimistic that the upcoming halving event scheduled for April 2024 will provide a further boost to the world’s flagship cryptocurrency. Bitcoin’s bullish momentum Bitcoin (BTC) hit its highest price since 2021 and neared its record peak of $69,000 achieved in November 2021, before undergoing a significant correction. The price remains comfortably above the $62,000 price region at…

UK bolsters crypto law enforcement efforts with new bill passage

Following the passage of the Economic Crime and Corporate Transparency Bill, the UK law enforcement authorities will now find it easier to confiscate the crypto assets of bad actors. The legislation takes effect in April. A recently issued statutory instrument documentation indicates that U.K. law enforcement agencies will gain the authority to freeze cryptocurrency assets involved in criminal activities without requiring a conviction. Issued on Feb. 29, the Bill summarized its amendments to the Economic Crime and Corporate Transparency Act 2023, expanding the National Crime Agency’s power to confiscate and…

Former Coinbase CTO Balaji Srinivasan: Bitcoin Is a ‘Political Revolution’

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Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who […] Original

Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%

The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in […] Source CryptoX Portal

Bitcoin is like Berkshire Hathaway

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Anthony Scaramucci, founder of alternative asset manager SkyBridge, says Bitcoin should not be merely compared to gold. Bitcoin is a “compounding machine for investors,” the former White House Director of Communications says. Instead, it’s more comparable to Berkshire Hathaway, he adds. Bitcoin is the Berkshire Hathaway of the 21st century – a compounding, wealth generating machine for investors. It was never “too late” to buy Berkshire stock. It is still very very early for Bitcoin. — Anthony Scaramucci (@Scaramucci) March 2, 2024 The flows to #bitcoin are going to accelerate.…

Milton Friedman’s 1999 Vision: Predicting Bitcoin Before the Digital Age Dawned

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Nearly two decades before the Bitcoin network revolutionized the digital world, Nobel Laureate Milton Friedman foresaw the emergence of digital currencies. His prediction of an electronic currency facilitating anonymous transactions has become a cornerstone in understanding the evolution of digital finance. Ahead of His Time: How Milton Friedman Envisioned Bitcoin Before the conceptualization of Satoshi […] Original