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Russia to Experiment with Cryptocurrency in Cross-Border Deals – Crypto Times

Posted on April 20, 2023 by Danzig

The head of the Central Bank of Russia, Elvira Nabiullina revealed that the bank is preparing a bill to provide exposure to cryptocurrencies in cross-border deals for an experimental purpose.

The local news media covered this news when Elvira Nabiullina was attending a meeting with the New People faction in the State Duma.

According to the Central Bank chairmans statement, there are intentions to establish dedicated authorized entities that will handle both mining and transactions with foreign economic entities.

Elvira Nabiullina said, By the way, this applies not only to cryptocurrencies that work in global systems but also to normal digital financial assets that, according to our law, can rotate. It is supposed to work out the use of digital financial assets for international settlements.

She added, We adhere to the same position that within the country, cryptocurrency <> should not be used, and for external settlements, we assume that this is possible in the form of an experiment, this bill is also being prepared in the form of an experimental legal regime.

Furthermore, the Russian government is also working on legislation to form an agency to watch over crypto businesses in Russia, according to the domestic newspaper Vedomosti.

It cited the statement of Sergei Altukhov, a member of the Russian parliaments economic policies committee, who also unveiled that a new tax code will be introduced for crypto miners to regulate.

However, crypto trading and transactions related to digital assets will be still prohibited in the country.

It is possible that these actions may safeguard the Russian economy from severe sanctions imposed by the US and other European nations due to their invasion of Ukraine.

Also Read: Russia to Roll Out First CBDC Pilot with Real Customers

Continued here:

Russia to Experiment with Cryptocurrency in Cross-Border Deals - Crypto Times

Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency … – Innovation & Tech Today

Posted on April 20, 2023 by Danzig

Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional, and sometimes, sketchy rollercoasters, youve come to the right place. So put on some soothing music and lets go!

Binance, the worlds largest crypto currency exchange by volume, will disable multiple existing deposit

blockchain addresses to upgrade its digital infrastructure.

The announcement on April 18, said Binance, in order to upgrade security and efficiencies, would retire selected deposit addresses and memos on multiple blockchains, affecting Ether (ETH), Tron (TRX, BNB and Steller (XML).

Users of impacted addresses will be notified by email, with the exchange urging impacted users to immediately obtain new addresses and memos. The email will include expiration dates for the old addresses. Once users get new deposit addresses, the old ones will no longer be valid.

Users will be required to log into their Binance accounts and follow the instructions on the notification. The schedule for the migration is set to be complete in June. Binance assured users that no funds will be lost if funds are mistakenly sent to expired addresses.

Payments made to expired addresses will not, however, be immediately credited. Instead, users will have to manually credit any deposits from their old address with a transaction history page.

On April 15, US Representative Warren Davidson (R-OH), announced legislation to fire Securities and Exchange Commission chairman Gary Gensler.

In response to Coinbases legal counsel, the crypto-supporting congressman tweeted his intention to remove Gensler after the SEC said they would revise the definition of an exchange.

To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides), Davidson tweeted.

On April 14, Gensler said the proposed redefinition would benefit markets and investors by regulating brokers and modernizing what constitutes an exchange. In January, 2022, similar amendments were proposed, but crypto advocates insisted the SEC was overreaching and could hobble markets.

Pro-crypto SEC commissioner Hester Peirce, affectionately known as Crypto Mom, rebuked the proposed rule amendments, declaring, stagnation, centralization, expatriation, and extinction are the watchwords of the move by Gensler.

On Tuesday, chipmaking titan Intel (INTC) stated it is ceasing production of its Blockscale bitcoin mining chip.

As we prioritize our investments in IDM 2.0, we have end-of-lifed the Intel Blockscale 1000 Series ASIC [application specific integrated circuit] while we continue to support our Blockscale customers, said an Intel spokesperson.

It was about a year ago that Intel announced its entry into bitcoin mining, with the sale of the first chipsets to Argo Blockchain (ARBK), Block (SQ), Grid Infrastructure and Hive Blockchain (HIVE).

However, only Hive confirmed the activation of mining rigs powered by the Blockscale chip. ePIC Blockchain is promoting its bitcoin mining rigs that use the Intel CPUs.

Bitmain and MicroBT chips dominate the bitcoin mining market that Intel meant to disrupt. When asked if they will replace the Blockscale chips with other bitcoin mining chips, a spokesperson said Intel will continue to monitor market opportunities.

Google One just got a lot better at protecting users privacy. The company just announced it will offer a VPN and dark web monitoring, at no additional cost, in its base $1.99 subscription.

The expanded plans will be available in 22 countries and introduced in the next few weeks. In addition to Android and iOS, the new tools will be available on Windows and Mac desktops.

Subscribers will be allowed to share the VPN with up to five others if theyre on the Google One plan. The move is a huge benefit to base-plan users. Previously VPN was limited to Google One $10 a month / 2TB plans.

However, unlike many VPNs, Googles VPN isnt designed to by-pass geographic restrictions. In addition to end to end encryption, it does mask the users IP address from networks and third parties.

The new service will also monitor the dark web for your personal information like, name, address, email, phone numbers, and SSN, which Google said will be handled according to Googles privacy policy and you can delete any info from your profile or stop monitoring at any time.

Crypto NFT Today: The Latest News in Blockchain, Cryptocurrency ... - Innovation & Tech Today

How To Use Cryptocurrency Exchange To Send Money Abroad – Harlem World Magazine

Posted on April 20, 2023 by Danzig

Welcome to the exciting world of cryptocurrencies and international transfers!

As we embark on this journey, well take a look at how you can use cryptocurrency instant exchange Quickex, an advanced crypto currency exchange platform, to effortlessly send money overseas.

With the rise of digital currencies and blockchain technology, transferring funds across borders has never been more affordable, secure and efficient. In this introductory guide, well help you understand the basics of cryptocurrency exchanges, reveal the benefits of using Quickex for international transactions, and give you the knowledge to navigate the future of global finance. So, sit back and get ready to revolutionize cross-border money transfers with Quickex!

As we move further into the digital age, the landscape of global finance is changing rapidly. Cryptocurrencies like Bitcoin, Dogecoin, Ethereum, Tether, Binance Coin are becoming increasingly popular as both investment vehicles and means of payment. This shift has brought about innovative solutions for international money transfers, and Quickex is at the forefront of this revolution.

Crypto currency exchanges are online platforms that facilitate the buying, selling, and trading of various digital currencies. These exchanges play a vital role in the crypto ecosystem by providing users with a seamless way to convert their fiat currencies (such as USD, EUR, or JPY) into cryptocurrencies and vice versa.

Quickex stands out among other cryptocurrency exchanges by offering a user-friendly platform designed for both beginners and experienced traders. With a wide range of supported cryptocurrencies and competitive fees, Quickex makes it easy for anyone to send money abroad using digital currencies.

Heres how it works:

Choosing Quickex for your international money transfers comes with numerous advantages over traditional methods, such as bank transfers and remittance services:

Speed: Cryptocurrency transactions are typically processed within minutes, whereas traditional transfers can take hours or even days.

Low fees: Quickex offers competitive exchange rates and low transaction fees, making it more cost-effective than many other international transfer options.

Security: Quickexs robust security measures protect your funds and personal information from potential threats.

Accessibility: With Quickex, you can send money to anyone, anywhere, as long as they have access to a crypto currency wallet and an internet connection.

Apart from using cryptocurrency exchanges like Quickex, there are several other options available for sending crypto funds abroad. These alternatives provide various levels of convenience, fees, and speed, depending on the specific service:

Each option has its pros and cons, so its essential to consider factors such as speed, fees, ease of use, and the recipients familiarity with cryptocurrencies when deciding on the best method for sending crypto funds abroad.

To summarize, the world of international money transfers has changed dramatically with the advent of cryptocurrencies and blockchain technology. Various options, including cryptocurrency exchanges such as Quickex, P2P transfers, crypto currency wallets with embedded exchanges, payment gateways, money transfer services, crypto debit cards and stabelcoins, provide users with many options for sending funds abroad.

These alternatives offer numerous advantages over traditional methods, such as faster transaction speeds, lower fees and increased security. However, factors such as ease of use, the recipients familiarity with cryptocurrencies, and the specifics of each service must be considered when choosing the most appropriate option for international transfers.

By embracing the possibilities of digital currencies and becoming familiar with the methods available, you can revolutionize the way you send money across borders, making international transfers more affordable and efficient than ever before.

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How To Use Cryptocurrency Exchange To Send Money Abroad - Harlem World Magazine

The Sparklo (SPRK) cryptocurrency predicted to pass Uniswap (UNI … – Bitcoinist

Posted on April 20, 2023 by Danzig

Uniswap (UNI) and Chiliz (CHZ) have been a part of the blockchain space for quite a while now. While they did bring various innovations and use cases within the Web3 space, their overall momentum has halted.

Smart investors typically move money around and diversify their holdings to make up for the experienced losses, and one of the latest projects that have grabbed a lot of attention is Sparklo. Today, we will explore why analysts predict Sparklo can increase by 4,000% by the end of the year.

Chiliz (CHZ) announced on Twitter their ChilizX Earth Day. To celebrate Earth Day, Chiliz (CHZ) enabled a 30% trading fee discount for specific CHZ pairs on top of the ChilizX platform.

The event that Chiliz (CHZ) has lined up will occur from April 19 to April 24, 2023.

Despite the stable updates, developments, and community engagement on the side of Chiliz (CHZ), its value has still declined. As of April 19, 2023, Chiliz (CHZ) trades at $0.134153. This means that in the last 24 hours, it has decreased by 3.1.%.

Uniswap (UNI) has historically been one of the most popular decentralized exchanges (DEXs), and it has been consistently evolving.

One of the latest ways in which Uniswap (UNI) has evolved is through the introduction of a dedicated, self-custody, open-source cryptocurrency wallet that got published on the Apple App Store.

The mobile application enables users to swap on the Mainnet, on Polygon, Arbitrum, and Optimism with no configuration.

Despite this launch, Uniswap (UNI) traded at just $5.92 on April 19, 2023. In the last 24 hours, Uniswap (UNI) decreased by 4.7%. In the last 30 days, Uniswap (UNI) has also been down by 9.6%, prompting investors to diversify.

As a cryptocurrency protocol, the Sparklo project will be the first investment platform to enable its members to begin investing in gold, silver, and platinum bars.

What this means is that anyone from anywhere globally can use the platform to invest and trade fractionalized NFTs that are backed by these precious metals. Instead of buying an entire gold bar NFT, investors can buy a smaller percentage of it or a fraction. If they do indeed buy an entire NFT, they can have the physical asset delivered to them at their preferred address.

At the level one presale phase, the price of the SPRK token is $0.015. With the team undergoing a KYC application process and the project already completing its audit by the InterFi network, it is clear that it has a lot of room for growth. Analysts predict that Sparklo can climb 40x by the end of 2023, meaning that investors who get in on it early can get the most out of it.

Find out more about the presale:

Buy Presale: https://invest.sparklo.financeWebsite: https://sparklo.financeTwitter: https://twitter.com/sparklo_financeTelegram: https://t.me/sparklofinance

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

The Sparklo (SPRK) cryptocurrency predicted to pass Uniswap (UNI ... - Bitcoinist

Cryptocurrency exchanges face headwinds even as crypto value rises – Sky News

Posted on April 20, 2023 by Danzig

Last year was a torrid one for those who love cryptocurrencies.

Bitcoin, the biggest and best-known cryptocurrency, fell by 64% during 2022 and Ethereum, the second largest, by 67%.

Dogecoin, the cryptocurrency that started as a joke yet then became beloved by Elon Musk and his followers, fell by nearly 60%.

This year, though, cryptocurrency values have rallied sharply.

Dogecoin is up by nearly 34% since the beginning of 2023, Ethereum by 74% and Bitcoin by a remarkable 80%. The latter hit $30,000 last week for the first time since June last year.

So what's going on?

Interest rates

One factor is the growing consensus this year that the US Federal Reserve is coming close to completing its current cycle of interest rate rises.

Cryptocurrencies, like stocks, remain highly sensitive to what is going on with interest rates and the Fed's rapid series of rate hikes last year was one reason why cryptocurrencies were hammered during 2022.

Risk appetite has recovered this year, as shown by the fact that the Nasdaq - whose heavier weighting in tech stocks makes it inherently riskier than other well-known US stock indices like the S&P 500 or the Dow Jones Industrial Average - is up by 16% so far this year, making it the best performer of the major US indices.

The speculators are back

A second factor is that speculators are back in the market.

Coindesk, the news site that specialises in cryptocurrencies, noted last week that the ratio between Bitcoin's daily trading volumes in spot markets (where someone buys or sells a financial instrument for immediate delivery) and derivative markets (where someone trades derivative products like futures and options and which promise future delivery of the underlying financial instrument) had fallen to its lowest level for 11 months, pointing to renewed speculative activity in the crypto market.

There also appears to be more interest, in particular, from American investors.

The so-called 'Coinbase Premium' tracks the difference between the price at which Bitcoin trades on Coinbase, the most popular crypto exchange in the United States and on Binance, the biggest crypto exchange outside the US.

When the price on Coinbase is at a premium to that on Binance it can be taken as a sign of stronger crypto demand in the US compared with elsewhere.

The price gap was negative last year as prices fell out of bed but, this year, it has been positive - hitting $100 at one point towards the end of March.

Coinbase also has a higher proportion of institutional investors and so the return of this premium may point to renewed interest among professional investors.

Brian Armstrong, the co-founder and chief executive of Coinbase, said this morning there had been a revival of interest on the exchange since crypto prices began to rally.

He told Sky News: "We have seen a resurgence in interest in crypto which is good and perhaps the most exciting thing about it, though, is that we're still seeing a lot of developer activity.

"That, to me, is the most exciting thing because [while] trading is a big use case for crypto, the potential of it is much bigger than that.

"It's really a technology to update the financial system in all aspects, and then a way for people to build new applications on the internet, which people are calling web three."

Mr Armstrong said he thought that, while changing interest rate expectations were a factor behind the rally, it was not the only one at play.

An alternative to the traditional system benefitting from market upset

One of the most interesting aspects of this year's rally in cryptocurrencies is that, while stock markets were rattled by the collapse of Silicon Valley Bank and the rescue of Swiss lender Credit Suisse by its larger rival UBS, cryptocurrencies took those events in their stride.

In some ways, those situations served to remind crypto enthusiasts of Bitcoin's creation, during the global financial crisis, as an alternative to the traditional banking system.

Mr Armstrong added: "Interest rates, obviously, is a factor. [But] I think some of these bank issues that we've seen with SVB and things like that have caused people to sort of question, you know, is the traditional financial system serving my needs or is there another system that's outside of the banking system that people want to actually hold some wealth?

"And so, that's one reason - but the market is very complex."

It may be, though, that the situations affecting SVB and Credit Suisse may also have persuaded some investors that the Fed and other central banks might have to call a halt to raising interest rates and even start to cut them again - something which would be supportive for crypto assets.

If cryptocurrency values have risen, though, the crypto exchanges on which they are traded still face severe headwinds.

Headwinds for crypto exchanges

The collapse in November last year of FTX and the subsequent arrest of its founder, Sam Bankman-Fried, has raised the focus of regulators on the sector.

Binance is being sued by the Commodity Futures Trading Commission, the main regulator of the derivatives market, amid allegations it has been operating illegally in the US, while Coinbase recently announced it is to cut a fifth of its workforce and reached a $100m settlement with New York regulators over anti-money laundering failures.

Coinbase has also recently been sent a 'Wells Notice' by the Securities & Exchange Commission (SEC), the main US securities market regulator, which is usually an indicator of looming legal action.

Mr Armstrong - who is supportive of regulation to build consumer confidence in crypto - said: "We spent a long period of time over the last 10 months, we spent maybe 30 meetings with the SEC, but never got any feedback from them about what we could be doing better, even though we've asked for it.

"We filed a petition on it. And of course, they even allowed us to become a public company in the US, you know, so they reviewed our business very thoroughly during that process.

"So it was really disappointing to see this Wells Notice arrive. Basically, in the US, the SEC is creating this environment of regulation by enforcement.

"We've repeatedly asked them - we just want to have a clear rulebook, you know, publish the rules, and we'll follow them and we'd be happy to. If there's not a clear rulebook, why are their enforcement actions arriving?

"So anyway, the Wells Notice arrived, I think we have a chance to respond in maybe a week or something like that, and we'll see where it goes.

"But we're prepared to defend ourselves in court. We feel like we're well within the rule of law the SEC has not actually even really told us specifically what it's about."

This is a limited version of the story so unfortunately this content is not available. Open the full version

Here to stay

In the meantime, there are plenty of other indications that this asset class is here to stay.

Possibly the most significant of which is the recent announcement from the London Stock Exchange Group (LSEG) that it is to begin clearing crypto derivatives.

LSEG would not have made this move were it not seeing demand among institutions to trade digital assets, with many institutions prevented by regulations from holding individual coins and tokens, but not the derivatives underpinned by them.

That said, it is worth noting that cryptocurrency values have, when significant milestones have been hit, struggled to consolidate gains.

Bitcoin, for example, struggled to hold above $30,000 when it hit that level last week.

And, as regulators around the world increase their scrutiny of the sector, some are openly hostile.

The Reserve Bank of India, for example, has likened cryptocurrencies to a Ponzi scheme and called for them to be banned.

On that basis, it seems as if it will be a while before crypto climbs again to the peaks in valuations seen towards the end of 2021.

NYDFS will charge cryptocurrency companies for supervision – CryptoSlate

Posted on April 20, 2023 by Danzig

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NYDFS will charge cryptocurrency companies for supervision - CryptoSlate

New services that help you spend cryptocurrency | Business News … – 69News WFMZ-TV

Posted on April 20, 2023 by Danzig

If you know of local business openings or closings, please notify us here.

-Air Products & Chemicals Inc. plans to invest a half-billion dollars to produce environmentally friendly hydrogen in New York state.

- The Trexlertown Chick-Fil-A plans to add a second drive-thru lane as part of a plan to reduce traffic congestion.

-The Harrisburg-based Mid Penn bank has opened its first full-service branch in the Lehigh Valley in South Whitehall.

-The Allentown Planning Commission put off a decision on a new Popeyes Louisiana Kitchen at the site of the former Nostos Greek restaurant.

-The former Star Crete concrete plant at the intersection of Farmersville Road and Easton Avenue has been sold for $1.58 million, and that may clear the way for a medical office building.

-The local business SuperSets Gym will open its third location in Allentown's South Mall, with no opening date set yet.

- The jewelry boutique Versant will close later this year, but the business will be consolidated at Gary Werkheiser's other location in Saucon Valley Square.

-The DSW Woodmill Commons has moved to Berkshire West, 1101 Woodland Road in Wyomissing.

- Trainer Michael Melendez has opened his new Reading Extreme Boxing Club where PacSun used to operate in the Berkshire Mall.

-Frackville NAPA Auto Parts held a grand opening with the Schuylkill Chamber of Commerce and Frackville Business & Professional Association.

-Fyzical Therapy & Balance Centers in North Manheim Township held a grand opening, in conjunction with the Schuylkill Chamber of Commerce and Pottsville Business Association.

- PDC Machines, amaker of hydrogen compressors, showed off a new plant in Lower Salford.

- Maya Capital Partners has acquired Amwell Valley Self Storage, a265-unit storage business on Route 31 in Ringoes, New Jersey.

-Norwescap is buying the former Sullivan's on the Main restaurant in Phillipsburg to renovate the building and then use it for programs to help educate and feed people.

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New services that help you spend cryptocurrency | Business News ... - 69News WFMZ-TV

Can you still make money with cryptocurrency in 2023? Insights from … – Guardian Nigeria

Posted on April 20, 2023 by Danzig

The cryptocurrency industry has always been a hotbed of debate, speculation, and strong opinions. Despite years of controversy and fluctuating market conditions, the digital asset ecosystem has continued to grow and evolve. With its undeniable spike in popularity within the past few years, the question on everyones mind is: Is cryptocurrency still worth it? Dadvan Yousuf, a self-made millionaire through digital assets, advocate, and cryptocurrency investor, explores the ongoing debate, taking a closer look at the merits and potential shortcomings of the industry. While opinions may vary, Yousuf believes that theres still significant value to be found in this revolutionary space.

The resilience of cryptocurrency

Having invested in Bitcoin, Ethereum, and other Initial Coin Offerings (ICOs) for more than a decade, Yousuf has witnessed firsthand how cryptocurrencies have endured countless setbacks, ranging from regulatory crackdowns and high-profile hacks to extreme market volatility. Despite these obstacles, he has seen the market consistently bounce back, demonstrating the resilience and adaptability of both the technology and its supporters. As the industry matures and technology improves, it is expected that many of the current challenges will be addressed, making cryptocurrency investments even more attractive.

Mainstream adoption

Mainstream adoption is a critical milestone for any new technology, and cryptocurrencies are no exception. Over the past few years, Yousuf has noticed a growing number of institutions and businesses embracing digital assets, which has helped propel the industry into the mainstream. Giants like Tesla and Mastercard have begun accepting cryptocurrency payments, while major banks like JPMorgan and Fidelity have launched their own digital asset services. These developments not only reflect the growing acceptance of cryptocurrencies but also help to bolster their long-term prospects.

Decentralization and financial inclusion

The decentralized nature of cryptocurrencies offers individuals and businesses an alternative to traditional financial systems, enabling faster and more cost-effective transactions. Additionally, cryptocurrencies have the potential to empower unbanked and underbanked populations by providing them with access to financial services that were previously out of reach. According to Yousuf, this potential for financial inclusion only adds to the value proposition of cryptocurrencies, making them a powerful force for positive change.

Innovation and disruption

Cryptocurrencies and their underlying blockchain technology have spurred a wave of innovation across various industries. From decentralized finance (DeFi) to non-fungible tokens (NFTs), the applications of this technology have the potential to disrupt and revolutionize traditional systems. Yousuf emphasizes that investors who recognize this potential have the opportunity to capitalize on these cutting-edge developments, making cryptocurrencies a potentially lucrative long-term investment.

Mitigating risks

Despite the strong case for cryptocurrencies, its crucial to acknowledge the associated risks. Market volatility, regulatory uncertainty, and security concerns are all factors that investors must consider. However, these risks can be mitigated through careful due diligence, diversified portfolios, and an awareness of the rapidly changing industry landscape. Yousuf has made it his personal mission to continuously educate anyone willing to take the leap and give cryptocurrency investing a try. Leveraging his accomplishments and prominence in the field, Yousuf has developed various platforms and endeavors focused on simplifying the frequently daunting world of digital assets.

Conclusion:

The question of whether cryptocurrencies are still worth it in 2023 is ultimately subjective and depends on individual risk tolerance and investment strategies. However, with growing mainstream adoption, the potential for financial inclusion, ongoing innovation in the space, and the eagerness of experts like Dadvan Yousuf to assist those who want to achieve financial independence through the industry, its difficult to ignore the compelling case for cryptocurrencies. As with any investment, its essential to approach the market with caution and conduct thorough research, but for those willing to navigate the risks, the rewards may be substantial.

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Can you still make money with cryptocurrency in 2023? Insights from ... - Guardian Nigeria

Cryptocurrency rules to be approved in EU parliament – RTE.ie

Posted on April 20, 2023 by Danzig

The first set of regulations for the trading of cryptocurrency markets are to be approved by the European Parliament today.

If passed, the measures are designed to ensure that crypto assets can be traced, preventing money laundering, terrorist financing and other crimes.

Many MEPs are of the view that cryptocurrencies are still in their infancy, with doubts over their long-term future.

Nevertheless, the European Union is seeking to regulate crypto markets, one of the first legislative bodies to do it.

There is concern over the use of cryptocurrency in criminality and terrorist financing.

When the HSE was hacked in 2021, those behind demanded a crypto currency ransom.

These new measures are expected to be passed later this afternoon and will start to come into effect from July next year.

They would require those facilitating the trading of the currency to register with an oversight body.

There is also a climate element, where service providers would have to disclose their energy consumption.

European Commissioner for Financial Services Mairead McGuinness says it will allow the sector to evolve in a safer environment.

Sinn Fin MEP Chris MacManus was involved in negotiating these new regulations.

He acted as shadow rapporteur for Left Group, meaning he negotiated on the group's behalf.

Speaking to RT's European Parliament Report programme, Mr MacManus said that while he did not necessarily want to foster or encourage the growth of cryptocurrencies, he believed there was a need to regulate the market.

He also said that the future viability of cryptocurrencies was not certain.

MEPs largely agree that regulations will have to be updated on a continuous basis, in order to evolve with the crypto sector.

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Cryptocurrency rules to be approved in EU parliament - RTE.ie

Elon Musk’s Changing Focus: From Cryptocurrency to Artificial … – Investing.com Australia

Posted on April 20, 2023 by Danzig

Investing.com |Apr 20, 2023 12:16

By Oliver Gray

Investing.com -The world of cryptocurrencies has often been criticized for being highly speculative, and this notion remains unchallenged even with Bitcoin, the largest crypto asset. As the market waits for a signal from either broader trends or influential individuals like Elon Musk, it becomes evident that his influence on digital assets is waning.

In recent months, mentions of cryptocurrencies by Elon Musk have decreased significantly. Apart from occasional tweets about Dogecoin, he has remained relatively quiet while Bitcoin experienced a bullish rally surpassing $30,000 this week. This seemingly reduced impact is especially apparent when examining Tesla's actions.

Tesla Inc (NASDAQ:TSLA) recently released its Q1 earnings report which revealed that the company had not sold any of its approximately 11,950 BTC holdings worth $350 million. Although previously renouncing Bitcoin in 2021, this lack of selling indicates a bullish sign; however, investors appear unfazed at present.

This development suggests that the cryptocurrency market may be decoupling itself not only from traditional financial markets but also from influencer impacts returning focus to supply and demand patterns instead.

A significant reason behind Elon Musks shift away from cryptocurrencies lies in his growing interest in artificial intelligence (AI). This rapidly evolving technology caught his attention as he announced that his primary focus would no longer be on crypto but rather on AI: "I used to be in crypto but now I got interested in AI."

The potential consequences of Elon Musk's departure from the crypto sphere are twofold. On one hand, any negative impact stemming from his ability to influence digital asset values would diminish.

Conversely, panic may envelop the cryptocurrency market.If Musk were to completely withdraw from cryptocurrencies and sell Tesla's BTC holdings, a sudden and significant selling spree could trigger another bear market for Bitcoin. In essence, Elon Musk continues to wield considerable power over the cryptocurrency market with his capacity to affect an asset's value at will a fact that remains concerning for many investors. As uncertainty looms within the world of digital assets, it is crucial for investors to remain vigilant about influential figures like Elon Musk whose interests can sway the value of any given asset without much effort.

Join the millions of people who stay on top of global financial markets with Investing.com.

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Elon Musk's Changing Focus: From Cryptocurrency to Artificial ... - Investing.com Australia

Best-Performing ETF Area of Last Week: Cryptocurrency – Zacks Investment Research

Posted on April 20, 2023 by Danzig

Wall Street was moderately upbeat last week with the S&P 500 (up 0.8%), the Dow Jones (up 1.2%), the Nasdaq Composite (up 0.3%) and the Russell 2000 (up 1.5%) gaining moderately. Cryptocurrency has topped the list of winners last week due to the bets over slower interest rate hikes by the Federal Reserve.

Bitcoin, the largest digital currency by market value, has gained about 2.6% in prices in the past five trading sessions (as of Apr 14, 2023). Bitcoin and other crypto tokens were trading with big gains last week as the moderate momentum continued.

Bitcoin marched toward the $31,000-mark as the largest crypto token was trading 2% higher. Its largest peer, Ethereum, too outdid with a big margin as it jumped more than 10% to hit the $2,1000-mark. Notably, data indicating cooling inflation released last week cut the bets over faster Fed rate hikes this year and boosted high-risk and high-growth investing areas like cryptocurrency.

Against this backdrop, below we highlight a few cryptocurrency ETFs that topped last week.

Vaneck Digital Assets Mining ETF (DAM) Up 35.8%

The undelying MVIS Global Digital Assets Mining Index tracks the performance of companies that are participating in the digital assets mining economy. The fund charges 50 bps in fees.

Valkyrie Bitcoin Miners ETF (WGMI) Up 33.4%

This ETF is active and does not track a benchmark. The Valkyrie Bitcoin Miners ETF is an actively-managed exchange-traded fund that will invest at least 80% of its net assets in securities of companies that derive at least 50% of their revenue or profits from bitcoin mining operations and from providing specialized chips, hardware and software or other services to companies engaged in bitcoin mining. The fund charges 75 bps in fees.

Vaneck Digital Transformation ETF (DAPP) Up 30.1%

The underlying MVIS Global Digital Assets Equity Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the global digital asset segment. The fund charges 50 bps in fees.

Bitwise Crypto Industry Innovators ETF (BITQ) Up 25.4%

The underlying Bitwise Crypto Innovators 30 Index measures the performance of companies involved in servicing the cryptocurrency markets, including crypto mining firms, crypto mining equipment suppliers, crypto financial services companies, or other financial institutions servicing primarily crypto-related clientele. The fund charges 85 bps in fees.

Global X Blockchain ETF (BKCH) Up 23.4%

The underlying Solactive Blockchain Index provides exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund charges 50 bps in fees.

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Best-Performing ETF Area of Last Week: Cryptocurrency - Zacks Investment Research

This bill would limit cryptocurrecy companies’ participation in … – Texas Standard

Posted on April 20, 2023 by Danzig

Texas grid operator ERCOT has some tools to help prevent blackouts in times of peak demand. One such tool is an incentive program that calls on some large-scale customers to cut back on power usage when asked.

But a bill working its way through the Texas Legislature would limit cryptocurrency companies participation in certain incentive programs, as well as require those companies to register with ERCOT as something called a large flexible load.

Houston Chronicle energy reporter Kyra Buckley has been following the latest and spoke with Texas Standard about what the bill would do, and why some think its necessary. Listen to the story above or read the transcript below.

This transcript has been edited lightly for clarity:

Texas Standard: I want to understand how these ERCOT incentive programs work in general, before we get to the crypto companies.

Kyra Buckley: Basically, ERCOT has a handful of programs where they work with customers that use a lot of electricity. So normally youre thinking like big industrial users, manufacturers. But lately, thats also meant cryptocurrency mining. But what happens in these scenarios is that essentially these customers register with ERCOT and say hey, if there is a grid emergency on the horizon, we could shut down some of our power and they get compensated for that. And normally they get compensated at the wholesale price of electricity. And as we know here in Texas, when electricity is scarce on the grid, thats when the price goes up. So when these companies say hey, we will turn off our electricity as part of this program, theyre getting compensated a pretty good premium for doing that.

So thats how they work in general. Tell us more, though, about this Senate Bill 1751 and what it would do.

So Senate Bill 1751 would basically say that, of these ERCOT programs where companies can enroll and shut down their power, any of these programs, the amount of participants that are cryptocurrency miners would be capped at 10%. So any program wouldnt have more than 10% of cryptocurrency miners. And one of the reasons that the bill authors say that this was important is because cryptocurrency miners, they are very flexible with their energy use and they can essentially shut down really quickly. But a large industrial user might not be able to do that and might not be able to shut down for as long as a cryptocurrency mine can. So there was a little bit of, you know, to try and maybe make this more fair and then also to kind of make sure that cryptocurrency miners werent making up the bulk of participants in the program, that they kind of stayed at that smaller amount of 10%.

And just to be clear, I think a lot of listeners may know this by now, cryptocurrency mining uses a lot of energy. And I guess that sort of adds to the controversy surrounding crypto companies participation in incentive programs because, in essence, you can build a business model that relies on taking advantage of these incentives.

Absolutely. And one of the issues is that, as we know here in Texas, when we have a lot of people using power at once, it can stress out our grid. And it normally happens on a hot summer day when everybody turns on their air conditioner. One of the concerns is that, if youre a cryptocurrency mine using a lot of electricity, that you could essentially be one of the reasons that the grid is being pushed towards that max. And then you would be capitalizing on it as soon as you shut down your electricity. And as we know, thats just not a widespread program for a regular user. So I cant just say hey, ERCOT, Ill shut down my electricity for 2 hours and why dont you write me the wholesale price for it?

Okay, so what about the crypto industry? What are they saying in response to this? And does it appear likely that this bill will pass?

You know, they are not happy, which probably doesnt surprise folks. I will say, though, that the cryptocurrency mining industry has said that they agree with part of the legislation where they say, yes, we should be registering with ERCOT and letting them know that were one of these large electricity users and that we can shut down when needed. What they dont agree with is being capped at that 10% participation. Another part of the bill also would end property tax abatements for these companies. They opposed that, as well. They say hey, we can actually help stabilize the grid because we are flexible users of electricity.

Now, of course, some electricity experts would take issue with that statement, but that is what the industry is saying. They also say hey, we help create jobs in some rural areas. Now, I should note that a lot of those jobs do end up being temporary contract work to help set up some of these big operations. But that is the argument that the industry is making.

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This bill would limit cryptocurrecy companies' participation in ... - Texas Standard

Michael Saylor and Bitcoin Grilled by Peter Schiff By U.Today – Investing.com

Posted on July 6, 2024 by Danzig

U.Today - (BTC) began Friday with another round of declines, trading at $54,300 and resulting in liquidations totaling over $662.62 million in the past day.

This decline prompted a reaction from Michael Saylor, CEO of MicroStrategy and a well-known BTC advocate, who took to social media to express his continued support, stating that Bitcoin represents independence (well-timed for U.S. Independence Day on July 4).

However, Peter Schiff, a well-known financial expert and outspoken critic of Bitcoin, responded with characteristic sarcasm, suggesting that Bitcoin would indeed make investors independent of their money. But there's a catch.

Schiff also elaborated on his views, highlighting the recent low of $53,550 per BTC, an enormous drop from its record high of $74,000. He pointed out that this represents a 27.5% decline in U.S. dollar terms and a 38.5% decline against gold.

Furthermore, Schiff predicted that if Bitcoin's value falls below $38,000, all ETF buyers will experience losses, which could trigger widespread selling as investors decide to cut their losses.

As Bitcoin navigates its current bearish phase, the question is whether it can recover from this downturn and reach new heights, or whether the predictions of critics like Schiff will come true and lead to further declines.

This article was originally published on U.Today

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Michael Saylor and Bitcoin Grilled by Peter Schiff By U.Today - Investing.com

After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned – WIRED

Posted on July 6, 2024 by Danzig

In late February 2014, Daniel was at his computer trading bitcoin on Tokyo-based crypto exchange Mt. Gox. Suddenly, the website flashed white and became unresponsive. In a panic, Daniel turned for answers to internet forum Bitcoin Talk, where speculation had already begun: Mt. Gox was in trouble.

Daniel, who lives in Europe, was a university student at the time. After making a bit of money trading bitcoin on Mt. Gox, he had posted almost all of his wealth to the exchange. When Mt. Gox fell offline, Daniel says, he went into full crisis mode. He needed that money to fund the remainder of his time in school.

On February 28 of that year, Mt. Gox filed for bankruptcy. Hundreds of thousands of bitcoinback then worth around $400 million, now $45 billionhad been stolen in an elaborate heist, the company said. It had practically no remaining funds with which to process withdrawals.

Thus began a Kafkaesque ordeal for Mt. Gox customers, who for the past decade have wrestled through a winding and bureaucratic corporate reorganization process in hope of recovering the bitcoin they lost. WIRED spoke to eight former Mt. Gox customers, all but one of whom, like Daniel, asked to appear under a pseudonym to protect their financial privacy. They each told a similar story, characterized by confusion, repeated delays, and a maddening lack of control.

The first few weeks were the worst, says Daniel, who fell into a depression in this period and began to drink. Though he later secured a loan to finish college, Daniel resorted for a time to credit card fraud to replace the stolen funds, telling himself that no harm would come to the individual card owners, who were insured. After nearly being caught, he sought out a stable job, but at the time, he had pretty much given up on life, says Daniel.

Ten years later, Mt. Gox customers are about to be reunited with their bitcoin. On June 24, the trustee responsible for managing the estate, veteran bankruptcy lawyer Nobuaki Kobayashi, announced that crypto repayments would begin to filter through from July onward. On Friday, the coins began to move.

In a highly atypical turn of events, Mt. Gox customers actually stand to profit financially from their involvement in the bankruptcy. Because only a limited amount of bitcoin was recovered, customers will receive only roughly 15 percent of the bitcoin they held on the exchange. However, the hundredfold increase in price in the intervening period means the dollar-value of the coins will far exceed the worth of their original pile. In all, around $9 billion worth of bitcoin will be returned. Ive seen the crypto universe rise, die, and rise again, says Daniel. Im watching the bitcoin charts daily.

Mt. Gox was started in 2010 by Jed McCaleb, an early bitcoiner from the US. McCaleb sold the exchange in 2011 to Mark Karpels, a young French developer, under whom it became the largest in the world. In 2013, three-quarters of global bitcoin trades were reportedly passing through Mt. Gox.

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After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned - WIRED

Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold Analyst – Cointelegraph

Posted on July 6, 2024 by Danzig

Most of the Bitcoin being repaid by defunct exchange Mt. Gox will likely be sold, threatening to cause more downside pressure on the price of Bitcoin.

The Mt. Gox repayments could add $8.2 billion worth of additional selling pressure to the Bitcoin (BTC) price, according to finance analyst Jacob King.

The analyst said that onchain movements already point to the fact that Mt. Goxs creditors have started selling. King wrote in a July 4 X post:

The gloomy prediction comes hours after Mt. Gox began repaying its debts in Bitcoin and Bitcoin Cash (BCH), the collapsed crypto exchange announced on July 5.

Related: Ether ETFs will only be a sidekick to Bitcoin ETFs Bloomberg analyst

The predictions raise concerns about the price of Bitcoin, which has been struggling to gain traction for over a month and is currently trading above the $60,000 psychological mark.

Bitcoin has been in a downtrend for the entire month of June, logging a nearly 18% loss during the second quarter of 2024.

However, the market selling by Mt. Goxs creditors could potentially take Bitcoin back into bear market territory, according to the analyst:

The Bitcoin price fell 3.9% in the 24 hours leading up to 10:17 am UTC on July 5 to trade at $55,250. The worlds first crypto is down over 10% on the weekly chart, according to CoinMarketCap data.

Despite the potential selling pressure, the repayments are a positive development for the industry and the defunct exchanges users. This sentiment is echoed by Mark Karpels, the former CEO of Mt. Gox, who highlighted this in a July 5 X post:

Despite the potential selling pressure, the repayments come as a positive for the industry and the exchanges defunct users, as also highlighted by Mark Karpels, the former CEO of Mt. Gox. He wrote in a July 5 X post:

Related: Justin Sun offers to buy German govts $2.3B Bitcoin stack to minimize market impact

More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 Mt. Gox creditors who have been waiting for over 10 years to recover their funds.

Considering that the Bitcoin price increased by over 8,500% during the past 10 years, the majority of defunct creditors will likely look to lock in some profits.

This is partly why King also expects around 99% of the creditors to sell their BTC. He wrote:

Magazine: Could a financial crisis end cryptos bull run?

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Up to 99% of Mt. Gox's $8.2B Bitcoin could be sold Analyst - Cointelegraph

Bitcoin Falls as Mt. Gox Repayment Roils Crypto Market – Investopedia

Posted on July 6, 2024 by Danzig

Key Takeaways

Prices for major cryptocurrencies, as well as shares of Coinbase Global (COIN) and MicroStrategy (MSTR),slumped Friday as collapsed crypto site Mt. Gox began paying back creditors.

Nobuaki Kobayashi, the trustee for the Mt. Gox bankruptcy estate, said that the estate made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation creditors through a part of the Designated Cryptocurrency Exchanges etc. in accordance with the Rehabilitation Plan.

He noted that other creditors would be promptly repaid when certain conditions were met, among them that they can be made safely and securely.

Bitcoin (BTCUSD)was trading around $55,700, down roughly 2.4%, as of 10:45 a.m. ET Friday. Ether was off about 3.4%.

Mt. Gox was once the worlds biggest crypto exchange, at one point handling 70% of bitcoin transactions. A hack attack in 2014, which resulted in the loss of an estimated 740,000 bitcoin, led to the firms demise.

The anticipation of the Mt. Gox news, which Kobayashi signaled last month would happen in July, had already begun to roil the crypto market. Todays announcement sent bitcoin to its lowest level in five months.

The impact has also been felt at Coinbase, which reported it had $935 million in revenue from customer crypto trading in the first quarter, double what it was in the fourth quarter. MicroStrategy said in its first-quarter financial report that it owned 214,400 bitcoin.

Coinbase shares were down about 5% to $213.87 as of 10:45 a.m. ET Friday, while MicroStrategy fell more than 6% to $1,220.11. Still, shares of Coinbase and MicroStrategy have surged about 23% and 93% year-to-date.

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Bitcoin Falls as Mt. Gox Repayment Roils Crypto Market - Investopedia

Mt Gox creditors may have to wait for up to three months to receive their bitcoin – The Block

Posted on July 6, 2024 by Danzig

Companies July 5, 2024, 5:18AM EDT Published 1 minute earlier on

Mt Gox creditors may need to wait up to three months to receive their bitcoin or bitcoin cash repayments depending on which crypto exchanges they made the claims with, according to a trustee document.

The trustee of the defunct crypto exchange announced today that it has started to make repayments to a part of the designated crypto exchanges based on the rehabilitation plan.

The trustee has previously detailed that the timeline for payouts to become visible in creditors' accounts may vary depending on the exchanges. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.

Each Designated Cryptocurrency Exchange, etc. is obligated to add the number of BTC +4.91% / BCH +10.80% to the balance of a rehabilitation creditor's account (or to transfer BTC/BCH to a wallet linked to the account) within a certain number of days after the day the BTC/BCH are transferred from the Rehabilitation Trustee, the trustee said in the document.

The trustee noted in its announcement today that repayments to eligible creditors will be promptly made if they meet certain conditions, including confirmation of the validity of registered accounts, acceptance of the intention to subscribe to an agreement by designated crypto exchanges, as well as completion of discussions with the trustee.

Earlier today, Mt Gox moved 47,228.7 BTC (about $2.71 billion) to a wallet and later transferred the assets in multiple transactions, including sending 1,545 BTC ($85 million) to a hot wallet on crypto exchange Bitbank, according to data from Arkham.

Bitcoin's price dropped below $54,000 at one stage today, and the largest cryptocurrency is currently trading at $54,270, down 6.48% over the past 24 hours. The broader crypto market saw more than $665 million in daily liquidations across centralized exchanges.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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Mt Gox creditors may have to wait for up to three months to receive their bitcoin - The Block

Watch these Bitcoin price levels next as $52K supertrend risks failure – Cointelegraph

Posted on July 6, 2024 by Danzig

Bitcoinfaces a battle to preserve its bull market as Mt. Gox reimbursements spark the biggest liquidation cascade in years.

The Bitcoin (BTC)price downside hit 5% on July 5 alone, according to data from Cointelegraph Markets Pro and TradingView and now traders are eyeing lines in the sand that bulls must protect.

For popular trader Matthew Hyland, first on the radar is support at the $52,000 mark.

This forms the floor of Bitcoins supertrend indicator on weekly timeframes a foundation for price in place since mid-Marchs $73,800 all-time high.

Supertrend employs average true range to create a Supertend line, which delineates buy and sell phases for BTC/USD. The pair has been above the supertrend line since the end of 2022, when Bitcoins last bear market ended.

Observing prior Bitcoin bull markets, the current drawdown from all-time highs is still modest.

Since 2016, BTC/USD has dipped 38% on multiple occasions, making the capitulation target $45,750.

Commenting on the phenomenon, Adam Back, founder and CEO of Blockstream, criticized fickle market sentiment. Instead, he argued that hodlers should increase exposure to both Bitcoin and the stock of MicroStrategy, the firm with the largest BTC treasury of any public company.

Reminder, zoom out. prior bull runs had half a dozen -30% draw downs too. we're at about -26% (-27% earlier), he wrote on X.

Just as unfazed about the extent of the downside is popular trader and analyst Rekt Capital.

Related: Mt. Gox begins repayments in Bitcoin and Bitcoin Cash

This pullback is -21% deep & 45 days long. In this cycle, average retrace depth is -22% & average retrace duration 42 days, he calculated.

Long-term, he added in a further X post alongside a comparative chart, BTC price history is repeating as we speak.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Watch these Bitcoin price levels next as $52K supertrend risks failure - Cointelegraph

Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low – Cointelegraph

Posted on July 6, 2024 by Danzig

Bitcoinsought a rebound into the July 5 Wall Street open as the market digested the start of Mt. Gox reimbursements.

Data from Cointelegraph Markets Pro and TradingView tracked a 3.8% Bitcoin (BTC)price rebound from lows of $55,550 on Bitstamp.

This represented the lowest levels for BTC/USD since late February, as liquidations mounted and sentiment fell close to extreme fear.

Market observers, while surprised at the extent of the latest downside, pinned blame on the start of transfers from wallets affiliated with the Mt. Gox rehabilitation proceedings.

The first transfers have begun. Market sold off again following these transfers. Now comes the time where well figure out how much is getting sold and how the market absorbs it, popular trader Daan Crypto Trades wrote on X.

As Cointelegraph reported, the total funds involved in the distribution to Mt. Gox creditors totaled more than $8 billion in Bitcoin and Bitcoin Cash (BCH).

Daan Crypto Trades noted that BTC/USDT continued to respect a broad downward trending channel something which even infamously cautious trader Il Capo of Crypto considered an encouraging sign.

Interaction with channels usually means corrective pattern (consolidation before continuation), he responded.

Meanwhile, even the more bullish voices within the trading community conceded challenging times for hodlers.

Bitcoins higher timeframe market structure is being put to the test, popular trader Jelle acknowledged while analyzing the three-day chart.

The latest weekly candle further pressured the bull market from the perspective of the Ichimoku Cloud indicator.

Related: Watch these Bitcoin price levels next as $52K supertrend risks failure

At $56,150, the price fell below the Kijun Sen trendline on weekly timeframes, with the weekly candle sandwiched between it and the upper trendline, Tenkan Sen.

Commenting on the setup, popular trader Titan of Crypto suggested that a close below Kijun Sen on monthly timeframes would require a rethink of overall bullish market structure.

From Ichimoku perspective, unless a monthly candle closes below Kijun and confirms with the following monthly candle, Bitcoin remains bullish, part of a recent Xpost read.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low - Cointelegraph

Bitcoin Witnesses Crazy $624 Million Mystery: What Happened? By U.Today – Investing.com

Posted on July 6, 2024 by Danzig

U.Today - The crypto market has experienced its second largest liquidation event of all time today, with almost $700 million in long orders wiped out overnight. This occurred as 's price plunged below $54,000, leading to a cascade effect that has further destabilized the market.

Large liquidations like these not only depress prices but also trigger investor panic, exacerbating the sell-off and leading to even more liquidations. The current market situation appears grim, with experts predicting a slower recovery compared to the past.

In the midst of this mess, a jaw-dropping transfer has raised eyebrows, as a transaction involving 11,302 BTC, equivalent to $624 million, was detected moving between unknown wallets. This large-scale transfer has added to the unease among investors, already jittery from the market's wild ride.

The timing of this transfer also coincided with the FUD surrounding large-scale sales by entities such as Mt. Gox paybacks and the German and U.S. governments. The movement of such a substantial amount of Bitcoin in this climate has only fueled speculation about the intentions behind the transfer and its potential impact on market stability.

However, in a surprising twist, Arkham has identified these wallets as belonging to BitMEX, one of the leading and oldest crypto exchanges.

As the market navigates such a chaotic timeline, the actions of major players and the perception of investors will be critical in determining the trajectory of cryptocurrency prices in the near future.

This article was originally published on U.Today

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Bitcoin Witnesses Crazy $624 Million Mystery: What Happened? By U.Today - Investing.com

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