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Cryptocurrency: Top 3 Coins To Watch This Weekend – Watcher Guru

Posted on April 19, 2024 by Danzig

The cryptocurrency market has witnessed a significant correction over the last few days, with Bitcoin (BTC) falling below $62,000. The global market cap dipped 2.5% in the previous 24 hours, currently at $2.36 trillion.

However, with BTCs halving just around the corner, lets look at three crypto assets investors should watch this weekend.

Bitcoin (BTC):

Bitcoin (BTC), the original crypto, is expected to undergo its next halving cycle either on the 19th or 20th of this month. Halvings are considered bullish as they reduce the supply of an asset. Historically, the crypto market has always rallied following BTCs halving. A similar pattern might play out this time as well.

According to CoinCodex, the original cryptocurrency could surge to $69,604 on Sunday, Apr. 21, 2024. Hitting $69,604 from current levels would translate to a growth of about 13.06%.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024

Furthermore, CoinCodex predicts BTC to hit a new all-time high of $82,964 on May 15, 2024. Reaching $82,964 from current levels would translate to a growth of about 34.76%.

Shiba Inu (SHIB):

Shiba Inu (SHIB) is another popular cryptocurrency that could surge following BTCs halving. According to CoinCodex, SHIB could surge to $0.00002506 on Sunday, Apr. 21, 2024. Reaching $0.00002506 from current levels would translate to a growth of about 14.85%.

Furthermore, CoinCodex anticipates the dog-themed crypto to hit $0.00007560 on May 16, 2024.

Toncoin (TON):

TON is another cryptocurrency that has witnessed massive gains over the last few weeks. The asset recently hit an all-time high of $7.63 on Apr. 11, 2024. According to CoinCodex, TON will continue to surge over the next few weeks, hitting $19.68 on May 16, 2024.

RANAEX Revolutionizes Cryptocurrency Trading with Team Introduction and Licensing Milestone – AccessWire

Posted on April 19, 2024 by Danzig

POMPANO BEACH, FL / ACCESSWIRE / April 18, 2024 / RANAEX, the newly launched cryptocurrency exchange based in the United States, is making waves in the industry with its team of seasoned developers and a groundbreaking licensing milestone. Founded by former developers from Bybit and Binance, RANAEX brings a wealth of expertise and innovation to the table.

The recent acquisition of Money Services Business (MSB) licenses marks a significant step forward for RANAEX, opening doors for investors eager to engage in cryptocurrency trading on a platform known for its reliability and security. This licensing achievement sets RANAEX apart from competitors and establishes it as a trusted player in the market.

What sets RANAEX apart is its offering of perpetual futures, a service unmatched by other exchanges. This feature provides traders with unique opportunities for long-term investment strategies and hedging against market fluctuations.

Ethan Carter, CEO of RANAEX, envisions a bright future for the exchange, fueled by ambitious goals and a talented team. With the upcoming Bitcoin halving event in 2024 on the horizon, Carter is determined to lead RANAEX to new heights, drawing inspiration from the rapid success of Binance during the 2020 Bitcoin halving.

In an exciting development, Carter announced RANAEX's plans to release its own platform coins, promising further innovation and growth for the exchange. More details about this initiative will be unveiled in the upcoming press conference, underscoring RANAEX's commitment to pushing the boundaries of the cryptocurrency industry.

As RANAEX continues to disrupt the status quo and pave the way for the future of cryptocurrency trading, investors can expect unparalleled opportunities and advancements on the horizon.

Stay tuned for more updates from RANAEX as it embarks on its journey towards becoming a leading force in the global cryptocurrency market.

Media Information

For additional information and media inquiries, please contact:

Name: Ethan Carter Organization: RANAEX Website: https://ranaex.com Website: https://h5.ranaex.com/ Email: [emailprotected] Address: 817 West Sample Road, Pompano Beach, FLORIDA 33064 IG: https://www.instagram.com/ranaex_official/ Twitter: https://twitter.com/RANAEX_Official

Disclaimer

As a committed entity in the cryptocurrency trading space, RANAEX underscores the importance of a secure and decentralized trading environment. Nonetheless, it's crucial for investors to recognize that digital currency trading is not devoid of risks, including potential market volatility and losses. RANAEX encourages all users to undertake comprehensive research and possibly seek financial advice before engaging in investment decisions, acknowledging and understanding the inherent risks involved.

SOURCE: RANAEX

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RANAEX Revolutionizes Cryptocurrency Trading with Team Introduction and Licensing Milestone - AccessWire

Crypto Takes Flight: Monarch Air Group Sees 32% Rise in Cryptocurrency Transactions Year-Over-Year – AccessWire

Posted on April 19, 2024 by Danzig

Premiere private jet charter provider, Monarch Air Group, sees a 32% rise in cryptocurrency transactions this year to date. The company attributes the growth to both the increase in value of cryptocurrency along with the downward movement of private jet charter rates.

FORT LAUDERDALE, FL / ACCESSWIRE / April 18, 2024 / Monarch Air Group, a key player in the private charter aviation industry, has been accepting cryptocurrency as a form of payment since 2017. This forward-thinking approach has positioned the company as a leader in the industry, servicing private jet clients both within the United States and internationally.

Reporting a 32% rise in cryptocurrency transactions this year to date, CEO David Gitman attributes the increase in these transactions to the escalating value of cryptocurrencies and the downward movement of private charter prices. Combining these factors provides an overall higher value to the customer, leading to a 32% year-over-year growth.

Additionally, Monarch Air Group's innovative Online Quoting Tool simplifies the booking process by offering personalized quotes instantaneously. By utilizing this technology, customers can browse available charters in real time and make selections based on various factors, such as price, aircraft amenities, type and model, age, cabin size, location and dates, passenger count, and other preferences. You can easily pay with Bitcoin for a private jet charter or with any other popular cryptocurrency.

The integration of Monarch's Online Quoting Tool supports the growing trend of digitalization in luxury travel services, offering customers easy access to private jet charter rates while maintaining a high level of personal service. The application follows Monarch's 2017 decision to accept cryptocurrency as payment to help enhance and streamline the booking process.

For real-time pricing and immediate bookings, customers can access Monarch Air Group's online quoting tool at https://monarchairgroup.com/private-jet-charter-flights-cost-calculator.

About Monarch Air Group

Monarch Air Group is a leading private jet provider based in Fort Lauderdale, FL. The company specializes in providing personalized and luxurious air travel solutions to a discerning clientele. With a commitment to excellence, attention to detail, and unwavering dedication to customer satisfaction, Monarch Air Group is the preferred choice for private charter flights.

Monarchairgroup.com Instagram: @monarchairgroup Facebook: https://www.facebook.com/monarchairgroup TikTok: @monarch.air.group X: @monarchairgroup

Contact Information

Mackenzie Smith Director, PR & Marketing [emailprotected] 7723218785

SOURCE: Monarch Air Group

View the original press release on newswire.com.

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Crypto Takes Flight: Monarch Air Group Sees 32% Rise in Cryptocurrency Transactions Year-Over-Year - AccessWire

Bitcoin halving on deck here’s what to expect (Cryptocurrency:BTC-USD) – Seeking Alpha

Posted on April 19, 2024 by Danzig

JuSun

Bitcoin (BTC-USD) is a little ways away from undergoing a once-every-four-years software update in the blockchain that has historically been hyped as a positive catalyst for the highest-profile cryptocurrency.

The quadrennial halving event, due as soon as Friday, occurs when bitcoin (BTC-USD) miners reward for validating transactions is slashed in half, essentially reducing the rate at which new tokens are created by 50%. As such, the technical event reduces the supply of new bitcoins entering the market, a move that could drive up the coins price should demand remain constant or rise.

And, given the fixed supply of 21M bitcoins (BTC-USD), the halving event reinforces scarcity by reducing the rate at which new BTCs are introduced into circulation.

If history serves as a guide (that is, the halving has preceded big price gains), the event could boost the price of bitcoin (BTC-USD) to more than $115K, crypto tax-reporting firm CoinLedger said in a study last month. Since there have only been three halvings so far, it should be taken with a grain of salt that bitcoin (BTC-USD) tends to rise after the event. SA analyst Florian Grummes had warned that BTC typically weakens for about 15 to 45 days immediately before and after the halving.

Bitcoin (BTC-USD) had already reached a record high of $73.8K in mid-March, as the green light for spot bitcoin exchange-traded funds (ETFs) has spurred strong and persistent demand for the token. Now, volatility has spiraled amid the countdown to the halving (as well as jitters about higher-for-longer interest rates), with bitcoin dropping some 17% since hitting its record.

H.C. Wainwright analyst Mike Colonnese is in the camp that the halving will prove to be a positive development for the price of bitcoin (BTC-USD). But the supply shock impact could take months to materialize, and we are now cautious on BTC prices over the short term given geopolitical issues in the Middle East and re-accelerating inflation.

He wouldnt be surprised to see BTC retreat to the low-to-mid $50K range over the near-term, before rebounding and resuming its longer-term bull run. Should that come to fruition, he added, there could be some short-term pressure on mining stocks (MARA) (RIOT) (HUT)(HIVE)(BTBT)(BITF) if we were to see such drawdown in BTC prices.

Note that miners profitability generally suffers after a halving as their miner reward gets cut in half. This fourth halving will lower the reward to 3.125 BTC from the current 6.25. The overall halving process is expected to end in 2140, when the number of bitcoins (BTC-USD) in circulation are expected to reach its programmed cap of 21M. There are currently about 19.7M BTC in circulation.

Still, publicly-traded miners are well positioned to take advantage of the new environment, mainly due to greater access to funding and in particular financing, J.P. Morgan analyst Nikolaos Panigirtzoglou wrote in a Thursday note. This helps them to scale their operations and invest into more efficient equipment.

Deutsche Banks Marion Laboure argued that bitcoins (BTC-USD) price likely wont see a significant increase post-halving, as the event is already partially priced in by the market. The analyst does expect prices to stay high, though, amid expectations of spot ether (ETH-USD) ETF approvals, central bank policy easing and regulatory changes.

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Bitcoin halving on deck here's what to expect (Cryptocurrency:BTC-USD) - Seeking Alpha

Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill – PYMNTS.com

Posted on April 19, 2024 by Danzig

Proposed rules for marijuana banking and cryptocurrency regulation may be combined into a single bill.

The legislation has not been finalized, but there have been talks in the U.S. Congress about combining a cannabis bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, and a stablecoin measure, Marijuana MomentreportedSunday (April 14).

Senate Majority Leader Chuck Schumer (D-NY) has said that he aims to pass legislation to safeguard cannabis banking and achieve that in the weeks and months ahead, according to the report.

The SAFER Banking Bill has been awaiting action by the Senate since being passed by the Senate Committee on Banking, Housing and Urban Affairs in September 2023, Seeking AlphareportedMonday (April 15).

The bill could impact a number of multistate operators and cannabis exchange-traded funds (ETFs), according to the report.

It was reported April 1 that while more than half of all Americans live in a state that has legalized marijuana, banks wont work withcannabis sellersbecause the drug is still illegal under federal law.

As a result, legitimate cannabis businesses still find themselves wondering what to do with all their cash, as it is nearly impossible for them to accept payments in anything other than cash.

While the U.S. House has passed a bipartisan bill that would make it easier for cannabis companies to find banking services, the Senate has never voted on its version. However, that vote could come this year.

Some saw a possible opening of the door to more cohesive payments systems in the sector in August 2023, when U.S. health officials recommended easingrestrictions on cannabisand reclassifying it as a Schedule III drug under the Controlled Substances Act.

Currently, cannabis is classified as a Schedule I substance, which implies a high risk of abuse and no accepted medical use. If cannabis were to be reclassified as a Schedule III drug, it would be seen as less dangerous and could be obtained legally with a prescription.

As an indicator of the size of potential business payments, the business-to-business (B2B) cannabis platform LeafLinkreported that it passed the $1 billion transaction mark in September 2022 with its payment solutions and expected more growth.

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Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill - PYMNTS.com

72 arrested, HK$228 million in assets frozen in Hong Kong JPEX crypto scandal – South China Morning Post

Posted on April 19, 2024 by Danzig

Police Commissioner Raymond Siu Chak-yee updated the legislature with the forces latest progress in the investigation on Thursday, saying the number of arrests related to the case had shot up to 72 and about HK$228 million had been frozen.

The force has received 2,636 reports with regard to the case as of today, and the amount involved is about HK$1.6 billion, he said.

Among those previously arrested were social media influencers who had appeared in adverts for the trading platform and set up their own over-the-counter shops. They included Chan Wing-yee, Joseph Lam Chok and Sheena Leung.

In his reply to lawmaker Johnny Ng Kit-chong who had been following the issue, Siu also said the force recorded 6,330 investment scams both offline and online last year, with more than HK$5.93 billion lost. Among them, 2,342 cases were related to cryptocurrency and involved about HK$3.16 billion.

Separately, the meeting also touched on the governments proposed amendments to the Fire Safety (Buildings) Ordinance, which came under public scrutiny following the fatal blaze at New Lucky House in Yau Ma Tei.

Authorities are seeking to increase the penalty for non-compliance with fire-safety orders from a maximum of HK$50,000 to HK$200,000.

The amendments also seek further fines for every day the offences continued, ranging from HK$5,000 to HK$20,000.

Hong Kong JPEX cryptocurrency scandal exposes regulatory loopholes: victims

Security minister Chris Tang Ping-keung said the government would expedite the legislative process by tabling the amendments in the second quarter of this year instead of the fourth following the recent fire.

The blaze at the mixed-use 60-year-old building in Yau Ma Tei filled with guest houses and subdivided flats killed five people and injured 43 last Wednesday.

The fire-stricken block was one of 9,578 buildings that had failed to comply with fire safety notices as of last December. It also had failed to follow a compulsory building inspection order for six years.

Lawmakers at Thursdays meeting grilled authorities on whether they would consider adding a jail term as one of the penalties for non-compliance with the Fire Safety (Buildings) Ordinance.

Deadly Hong Kong blaze prompts switch of fire safety focus to high-risk sites

But Tang said that it would be difficult for the government to consider imprisonment as a punishment for not following fire safety instructions as it would mostly be a collective responsibility, rather than guilt falling on a single person.

For instance, not fixing the fireproof door, not placing a fire hose, there being obstructions in a passageway it is very hard to find a personal responsibility here, he said.

As it is not a personal responsibility, it is easier to issue a fine. If they cant find a person who is responsible, how do you determine who goes to jail? This is the difficulty here.

The security minister also noted that buildings that did not follow fire safety instructions did not mean they were unsafe for residents, but rather they had not reached current standards.

72 arrested, HK$228 million in assets frozen in Hong Kong JPEX crypto scandal - South China Morning Post

Cryptocurrency: 3 Coins That Could 2X Post Bitcoin Halving – Watcher Guru

Posted on April 19, 2024 by Danzig

As the highly anticipated Bitcoin halving event approaches, the cryptocurrency market is abuzz with speculation about which coins could potentially double in value in the aftermath.

While Bitcoin is expected to experience significant price movements, several altcoins are also garnering attention for their potential to deliver substantial gains.

In this article, we will explore three coins that could potentially 2X post-Bitcoin halving: Solana (SOL), Shiba Inu (SHIB), and Dogwifhat (WIF).

Also read: Can Ethereum (ETH) Hit All-Time High After Bitcoin Halving?

Solana is a high-performance blockchain platform with impressive technical capabilities and a growing ecosystem. Currently trading at $139.28, SOL has experienced a 2.86% increase in the past 24 hours. Over the last month, Solana has seen a low of $119.83 and a high of $209.70, demonstrating its potential for significant price movements.

As the Bitcoin halving event draws near, many experts believe that Solana could benefit from the increased attention and investment flowing into the cryptocurrency market.

Also read: Can Solana (SOL) Hit $200 After Bitcoin Halving?

Shiba Inu, the meme-inspired cryptocurrency that has captured the hearts of many investors, is another coin that could potentially see significant gains post-Bitcoin halving.

Currently trading at $0.00002259, SHIB has experienced a 4.66% increase in the past 24 hours. Over the last month, Shiba Inu has seen a low of $0.00001853 and a high of $0.00003272, highlighting its potential for volatility and substantial price movements.

With a loyal and enthusiastic community behind it, Shiba Inu has demonstrated its ability to generate hype and attract investors. As the Bitcoin halving event brings increased attention to the cryptocurrency market, SHIB could benefit from the renewed interest in altcoins.

Also read: Shiba Inu (SHIB) & Dogecoin (DOGE) Price Prediction This Week

Dogwifhat, a relatively new entrant to the cryptocurrency scene, has been making impressive strides and could potentially deliver significant returns post-Bitcoin halving. Currently trading at $2.67, WIF has experienced a 0.92% increase in the past 24 hours. Over the last month, Dogwifhat has seen a low of $1.96 and a high of $4.85, showcasing its potential for growth.

As the Bitcoin halving event approaches, Dogwifhats unique features and growing community could help it stand out in the crowded cryptocurrency market.

Also read: Cryptocurrency: Whales Scooped Up These Coins Amidst Market Dip

In conclusion, several altcoins, such as Solana, Shiba Inu, and Dogwifhat, are poised for potential gains, despite the anticipated significant impact of the Bitcoin halving event on the cryptocurrency market as a whole.

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Cryptocurrency: 3 Coins That Could 2X Post Bitcoin Halving - Watcher Guru

Today’s cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana – NewsBytes

Posted on April 19, 2024 by Danzig

What's the story

Bitcoin has climbed 1.13% over the last 24 hours, trading at $62,486.64. It is 11.99% lower than the previous week. Ethereum, the second most popular token, is down 0.65% from yesterday and now trades at $3,003.89. It is down 15.22% from last week. The market capitalization of Bitcoin and Ethereum is now at $1,204.02 billion and $361.86 billion, respectively.

BNB is trading at $546.02, which is 0.94% lower than yesterday and 11.84% down since last week. The current price of XRP is $0.44, down 1.28% in the last 24 hours. It is 19.79% lower compared to last week. Cardano and Dogecoin are trading at $0.44 (down 0.67%) and $0.11 (down 0.14%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $139.4 (up 3.35%), $6.58 (down 1.1%), $0.000022 (down 0.22%), and $0.66 (down 2.82%), respectively. Based on the weekly chart, Solana has slipped 20.04%, while Polka Dot has declined by 22.37%. In the past week, Shiba Inu's value has decreased by 20.6%, whereas Polygon has lost 26.7%.

Based on the 24 hourly movement, the top gainers are Toncoin, Neo, Gala, Jupiter, and Immutable. They are trading at $6.99 (up 14.81%), $18.94 (up 11.67%), $0.044 (up 8.26%), $1.02 (up 6.26%), and $2.02 (up 5.53%), respectively.

A stablecoin is a cryptocurrency with extremely low volatility. Its value is pegged to a real-world asset such as fiat currency or gold. Talking about some of the prominent tokens, Tether and USD Coin are trading at $1 (up 0.01%) and $1 (down 0%), respectively.

The biggest losers of the day are Core, Maker, Nervos Network, Ondo, and Chiliz. They are trading at $1.95 (down 8.30%), $2,964.12 (down 8.10%), $0.011 (down 6.58%), $0.77 (down 5.04%), and $0.11 (down 5.03%), respectively.

DeFi, short for decentralized finance, refers to all global, peer-to-peer financial services on public blockchains. Some of the prominent DeFi tokens are Avalanche, Chainlink, Internet Computer, Dai, and Uniswap. They are trading at $34.26 (down 0.65%), $13.50 (up 1.35%), $12.70 (up 4.29%), $1 (up 0.03%), and $7.21 (up 1.46%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, which means they cannot be exchanged for one another like other tokens. Internet Computer, Stacks, Render, Immutable, and Theta Network are among the prominent NFT tokens. They are currently trading at $12.68 (up 4.37%), $2.36 (up 2.01%), $7.68 (down 1.79%), $2.02 (up 5.51%), and $2.02 (down 0.02%), respectively.

The current global crypto market cap is $2.31 trillion, a 3.33% increase over the last day. The total crypto market volume over the last 24 hours is $85.38 billion, which marks a 12.0% increase. Last month, the global crypto market valuation was $2.54 trillion, while the total capitalization stood at $1.63 trillion three months ago.

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Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana - NewsBytes

SOAI Announces a Secure MSB License from FinCEN, Setting New Standards in the Global Cryptocurrency Industry – AccessWire

Posted on April 19, 2024 by Danzig

NEW YORK, NY / ACCESSWIRE / April 18, 2024 / SOAI (SoAI Co., Ltd), a leading platform, has announced that it has received a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN).

(MSB Inquiry URL: https://www.fincen.gov/msb-state-selector. Enter the license number 31000268620477 to search the official system.)

To address the latest approach, SOAI marks a significant milestone with an announcement that it has received a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN). This news has drawn widespread attention in the global cryptocurrency industry, marking further international recognition of SOAI's compliance and professionalism.

The platform achieved an MSB license, issued and regulated by the United States Department of the Treasury, which is essential for businesses involved in financial services, covering activities related to cryptocurrencies, digital assets, ICOs, foreign exchange, international remittances, and more. SOAI gains the trust of global investors through regulatory compliance and supports its global operations strategy by obtaining an MSB license.

Including more, SOAI, based in Silicon Valley, focuses on leveraging AI to revolutionize human social interactions, emphasizing compliance and globalization. It enhances credibility through regulatory transparency and fosters partnerships with platforms like Google Play and Apple Store. SOAI also uses blockchain technology to deploy smart contracts, ensuring users' privacy is robustly protected.

With the MSB license, SOAI stands as a testament to regulatory compliance within the cryptocurrency sector. This achievement contributes to the overall legitimacy and acceptance of cryptocurrencies on a global scale. The platform employs cutting-edge encryption technologies and security protocols to secure users' funds and confidential information. With its unwavering dedication and commitment, the platform remains vigilant in its efforts to reduce risks and protect users from security breaches.

Furthermore, SOAI's mission is to create a safe, transparent, regulated, and trustworthy environment that is sustainable for cryptocurrency trading. SOAI will revolutionize the integration of artificial intelligence and emotional interaction, paving the way for a new era.

SOAI ((SoAI Co., Ltd):

SOAI ((SoAI Co., Ltd), a top-tier platform, represents a significant milestone in artificial intelligence technology. It will become an invaluable resource for research and teaching, offering students engaging and interactive learning experiences. The platform provides robust technical support for entrepreneurial ventures.

Additionally, the hot presale of SOAI tokens is about to start. Follow @SOAI_web3 on Twitter to stay updated on this rising star!

CONTACT:

Project official website: https://www.soai.org/ Project official Twitter: https://twitter.com/SOAI_web3 Email: [emailprotected] Contact person: Ellison Blake

SOURCE: SOAI

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SOAI Announces a Secure MSB License from FinCEN, Setting New Standards in the Global Cryptocurrency Industry - AccessWire

Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform – Marijuana Moment

Posted on April 19, 2024 by Danzig

Bipartisan congressional lawmakers from the House and Senate are discussing the possibility of combining cyptocurrency regulation legislation with a marijuana banking bill.

Senate Majority Leader Chuck Schumer (D-NY) raised the topic with House Financial Services Committee Chairman Patrick McHenry (R-CA) and Ranking Member Maxine Waters (D-CA) on Thursday, a source familiar with the conversation confirmed with Marijuana Moment.

The legislation has yet to be finalized, but the prospect of merging the Secure and Fair Enforcement Regulation (SAFER) Banking Act with the stablecoin measure comes amid heightened expectations about the Senate moving the cannabis bill as a standalone, months after it cleared committee.

Politico reported that the package under consideration could potentially be attached to a Federal Aviation Administration reauthorization bill that needs to pass before May 10.

Schumer recently reiterated his intent to pass legislation to safeguard cannabis banking as part of a busy agenda that he hopes to achieve in the weeks and months ahead, though he again stressed the need for bipartisan cooperation.

He also recently asked people toshow their support for the SAFER Banking Act by signing a petitionas he steps up his push for the legislation. A poll released last month by the American Bankers Association (ABA) shows that roughly three out of five Americanssupport allowing marijuana industry access to the banking system.

Rep. Nancy Mace (R-SC) said last week that that if Republicans want to keep the House, they should pass the marijuana banking bill, arguing that there are votes to approve it.

Schumer told Marijuana Moment last month thatthe bill remains a very high priority for the Senate, and members are having very productive bicameral talks to reach a final agreement.

Marijuana Moment is tracking more than 1,400 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they dont miss any developments. Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

Senate Banking Committee Chairman Sherrod Brown (D-OH) also said last month thatpassing the SAFER Banking Act off the floor is a high priority.However, he also recently said in a separate interview thatadvancing the legislation is complicated by current House dynamics.

House Majority Whip Tom Emmer (R-MN) separately said during a recent American Bankers Association (ABA) summit that he wants to see the SAFER Banking Act move.

He said that, for whatever reason, the federal government has been slow to act on the incremental reform that he supports even though he doesnt identify as a marijuana guy.

One key factor thats kept the bill from the Senate floor is disagreement over mostly non-cannabis provisions dealing with broader banking regulations, primarily those contained in Section 10 of the legislation.

Bicameral negotiations have been ongoing, however, and recent reporting suggests that a final deal could be just over the horizon.

The Democratic Senate sponsor of the SAFER Banking Act, Sen. Jeff Merkley (D-OR), told Marijuana Moment last month that the legislation is gaining momentum as lawmakers work to bring it to the floor and pass it this year.

The office of the Republican SAFER Banking prime sponsor, Sen. Steve Daines (R-MT), separately told Marijuana Moment that conversations have been productive and Senator Daines is working to get the bill across the finish line.

At the close of the first half of the 118th Congress in December, Schumer said in a floor speech that lawmakers would hit the ground running in 2024, aiming tobuild on bipartisan progress on several key issues, including marijuana banking reformthough he noted it wont be easy.

Biden, Harris And Top DOJ Official Promote Marijuana Pardons While Commemorating Second Chance Month

Photo courtesy of Mike Latimer.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

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Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform - Marijuana Moment

Cryptocurrency: Top 3 Coins to Watch This Week – Watcher Guru

Posted on April 19, 2024 by Danzig

The cryptocurrency market underwent a slight correction over the weekend, with the global market cap falling to $2.48 trillion. The correction could be due to high inflation numbers in the US and escalating global conflicts between Iran and Israel.

However, we may witness a market rebound, with Bitcoins (BTC) halving right around the corner. Lets look at three crypto assets to watch this week.

Bitcoin (BTC):

Bitcoin (BTC) is the current market leader, and other assets are following in its footsteps. BTC has fallen 6.2% in the weekly charts, and its price hovers just over $65k. However, BTC will undergo its next halving cycle later this month. Many consider halvings bullish as they reduce the supply of an asset. There is a possibility that BTC will rebound from its current slump and reclaim its all-time high of $73,737, which it attained in March of this year.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024

Furthermore, if inflation in the US cools down, we may see a further price appreciation. The latest Iranian attack on Israel has further strained global economics. If the conflict comes to an end, the markets may recover faster.

Toncoin (TON):

While other assets faced a price correction, TON continued to rally. The cryptocurrency is up by 16.4% in the daily charts and nearly 31% in the weekly. TON has also overtaken Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.

Also Read: Top 3 US Stocks To Watch in April 2024

TONs latest rally could be due to positive ecosystem news. The asset may continue to surge over the next few weeks, especially given BTCs halving later this month.

dogwifhat (WIF):

WIF is another cryptocurrency that witnessed a massive rally in the last 24 hours. The popular memecoin is up by 14.3% in the daily charts and 20.2% over the previous month. However, the cryptocurrency is down by 17.8% in the weekly charts and over 30% in the 14 day charts.

According to CoinCodex, WIF will continue to rally over the next few weeks, hitting $5.48 on May 1, 2024.

Cryptocurrency: Top 3 Coins to Watch This Week - Watcher Guru

M20 Chain and MCoin: Pioneering the Future of Cryptocurrency – NewsBTC

Posted on April 19, 2024 by Danzig

In the rapidly evolving world of digital finance, M20 Chain stands out as a beacon of innovation. This pioneering blockchain platform is not just keeping pace with the times; its setting the pace, redefining how we think about transactions, assets, and the very fabric of economic exchange with its native cryptocurrency, MCoin.

M20 Chain emerges as a robust Web3 ecosystem that seamlessly integrates blockchain technology into everyday life. This platform isnt just another blockchain solution; its a comprehensive approach designed to enhance the utility, accessibility, and efficiency of digital transactions globally. With a strong emphasis on decentralization, transparency, and security, M20 Chain is forging a path toward a decentralized financial future that empowers users and developers alike.

At the heart of this innovative platform is MCoin, M20 Chains native token. MCoin is more than just a digital currency; it is the cornerstone of the M20 ecosystem, facilitating not only transactions but also serving as a vital element in maintaining and operating the network. Users can employ MCoin for a variety of functions, such as payment processing, executing smart contracts, and participating in governance through voting on protocol changesa testament to the tokens integral role in the platforms operations.

MCoin is listed on several top-tier cryptocurrency exchanges, including LBank, MEXC, and Coinstore, ensuring it is accessible to a global audience. This widespread availability supports MCoins potential for increased adoption and integration into the broader ecosystem of digital finance. Notably, MCoins community is particularly strong in Asia and Europe and continues to expand globally, reflecting its growing relevance and adoption in the international markets.

Security is paramount in the digital currency world, and M20 Chain excels in this area. The platform is fortified with advanced encryption technologies and a rigorous security protocol that includes regular audits and updates. Significantly, M20 Chain has undergone a comprehensive Certik audit, affirming its security measures and bolstering user confidence. Additionally, M20 Chain has demonstrated exceptional scalability, capable of handling increasing loads through its innovative design and architecture, ensuring that it can grow without compromising speed or user experience.

As M20 Chain continues to evolve and expand, it remains dedicated to its mission of making blockchain technology accessible and beneficial for a wide range of applications. From individual users seeking a secure space to perform transactions to developers creating the next generation of decentralized applications, M20 Chain provides a solid foundation for a future where blockchain technology is an integral part of our digital lives.

The future of blockchain looks bright with M20 Chain and MCoin. As more people and enterprises recognize the potential of this powerful technology, M20 Chain is poised to lead the way, making digital transactions more secure, efficient, and accessible to everyone, everywhere.

Whether you are a seasoned investor, a blockchain enthusiast, or simply curious about the future of technology, keeping an eye on M20 Chain and its developments with MCoin might give you a glimpse into the future of finance and technology. Join the revolution and be part of a community that is shaping the world of tomorrow, today.

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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 NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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M20 Chain and MCoin: Pioneering the Future of Cryptocurrency - NewsBTC

Bitcoin drops below $60,000 before the big ‘halving’ event – Quartz

Posted on April 19, 2024 by Danzig

Bitcoin is getting jittery before the big halving event scheduled for Friday. The top cryptocurrency fell to $59,900 on Wednesday for the first time since early March, almost 17% below its all-time high.

TSMC beat on Q2 expectations driven by AI boom, Nvidia, and Apple

Many of the other major cryptocurrencies also dropped Wednesday, including the second-largest, Ether, which has gone below $3,000, according to crypto tracking website CoinMarketCap.

The Bitcoin halving is due on April 19, cutting the current mining rate to 3.125 Bitcoin from 6.25 Bitcoin. Halving is an integral part of the Bitcoin blockchain system, which creates a monetary system that controls inflation. While this major event has been projected to possibly increase Bitcoins price in the long term, Bitcoins price has been increasingly volatile recently and will likely continue to be going into the halving.

There has been a lot of discussion about this years Bitcoin halving being different from all the previous such events. The cryptocurrencys price reached its peak a month before the halving event, which has never happened before.

Sam Callahan, a senior analyst at Swan Bitcoin, a Bitcoin financial services firm, says Bitcoin is currently in a consolidation phase. The recent volatility is likely a result of short-term traders placing bets on the outcome of the highly anticipated halving event, Callahan said in an email.

If an investor chooses to own Bitcoin, short-term volatility should be expected, but if they zoom out, Bitcoins long-term trend remains clear.

Bitcoin halving has historically boosted the price of the cryptocurrency.

For instance, after the first Bitcoin halving in 2012, the price was $12. It went up to $44 100 days after the event and $135 after 300 days.

Similarly, after the 2016 halving event, the cryptocurrency went from $658 to $1,551 in 300 days.

And in the most recent halving of 2020, the price of $8,601 went to $50,941 within 300 days.

Read more: The big Bitcoin halving event is almost here. Weve got answers to all your questions

CoinDesk reports that Goldman Sachs warns caution due to unpredictable macroeconomic factors regarding Bitcoins upcoming halving.

Historically, the previous three halvings have been accompanied by BTC price appreciation after the halving, although the time it took to reach the all-time highs differs significantly, said Goldmans Fixed Income, Currencies and Commodities (FICC) and Equities team per CoinDesk. Caution should be taken against extrapolating the past cycles and the impact of halving, given the respective prevailing macro conditions.

In the midst of investor nervousness as well as Bitcoins volatility, Rennick Palley, a Founding Partner at Stratos, a crypto venture capital firm, remains optimistic about Bitcoins long-term performance.

There are two headwinds for Bitcoin in the short term, the volatile pre-halving period as well as prior all-time highs, which typically take 2 to 3 attempts to definitively breach, he said in an email.

However we expect bitcoin to break through this by mid summer and continue towards 150k plus by 2025.

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Bitcoin drops below $60,000 before the big 'halving' event - Quartz

US DOJ: Man Convicted For $110 Mln Scheme In Dept’s First Cryptocurrency Open-Market Manipulation Case – XM

Posted on April 19, 2024 by Danzig

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US DOJ: Man Convicted For $110 Mln Scheme In Dept's First Cryptocurrency Open-Market Manipulation Case - XM

Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week – Watcher Guru

Posted on April 19, 2024 by Danzig

The cryptocurrency market underwent a correction over the weekend, with the global market cap falling to $2.48 trillion. The price dip could be due to Irans attack on Israel, which has impacted global economics. Furthermore, rising inflation in the US has also led to investors becoming weary of risky assets, such as crypto.

However, with Bitcoins (BTC) halving just around the corner, we may witness a rebound in the crypto markets.

Bitcoin (BTC):

BTC has faced a 4.9% correction in the weekly charts, with prices falling to around $66.4k. However, with the asset undergoing its next halving cycle later this month, we may witness a sudden rally.

Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits

According to CoinCodex, BTC will hit a new all-time high of $74,621 on Apr. 20, 2024. Reaching $74,621 from current levels would translate to a growth of about 12.31%.

Furthermore, CoinCodex predicts BTC to continue surging over the next few weeks. The platform anticipates the cryptocurrency to hit $85,986 by mid-May 2024. Reaching $85,986 from current levels would translate to a growth of about 29.4%.

Toncoin (TON):

TON is one of the best-performing cryptocurrencies right now. The asset is up by 10.2% in the daily charts, 28.2% in the weekly charts, 34.5% in the 14-day charts, and 85.6% over the previous month. TONs recent surge could be due to positive ecosystem developments within the project. The asset recently overtook Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024

Although TON recently hit an all-time high of $7.63 on Apr. 11, CoinCodex anticipates the asset to hit a new high this week. The platform predicts TON to hit $7.94 on Apr. 18, 2024. Furthermore, CoinCodex expects TOn to continue surging over the next few weeks, hitting $23.86 on May 13, 2024.

dogwifhat (WIF):

WIF is another cryptocurrency that is expected to hit an all-time high soon. The asset recently hit a new high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could hit a new high next week. According to the platform, WIF could surge to $4.87 on Apr. 28, 2024.

Furthermore, CoinCodex anticipates the cryptocurrency to continue surging over the next few weeks, hitting $10.29 on May 13, 2024.

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Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week - Watcher Guru

Here’s what happened in crypto today – Cointelegraph

Posted on December 10, 2023 by Danzig

A group of bipartisan United States senators have introduced legislation to tackle cryptos alleged role in terrorism financing. Meanwhile, Kazakhstan has blocked 980 unlicensed crypto exchanges in 2023 and started nine investigations into illegal exchange operations and money laundering, and former Binance CEO Changpeng CZ Zhao has been ordered to remain in the United States until his sentencing in February.

Republican and Democratic lawmakers in the United States Senate have introduced legislation to counter cryptos alleged role in financing terrorism.

On Dec. 7, Senators Jack Reed, Mark Warner, Mike Rounds and Mitt Romney announced the introduction of the Terrorism Financing Prevention Act. The bill aims to expand sanctions to include parties funding designated terrorist organizations with crypto or fiat.

Senator Rounds said:

The bill would also allow the U.S. Treasury to prohibit any transaction with a foreign digital asset transaction facilitator thats under sanctions.

In October, the Treasury sanctioned a Gaza-based crypto operator with alleged ties to Hamas.

In 2023, Kazakhstans Financial Monitoring Agency (FMA) blocked access to almost a thousand crypto exchanges serving the countrys citizens without proper registration.

According to a Dec. 7 press release published on the governments website, the FMA denied access to 980 illegal platforms in 2023. It also launched nine investigations into illegal exchange operations and money laundering.

The Digital Assets Law, enacted in February 2023, prohibits creating and trading digital currencies and cryptocurrency exchange activities unless a national license is obtained.

The list of unlicensed exchanges blocked includes some major international platforms. In November, it was revealed that Kazakh citizens could not access the Coinbase website after an order from the Ministry of Culture and Information blocked it.

To date, Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit and Xignal&MT have been approved to operate in the country.

Binance founder CZ has been ordered to stay in the United States until his sentencing in February, with a federal judge determining theres too much of a flight risk if the former exchange CEO is allowed to return to the United Arab Emirates.

On Dec. 7, Seattle District Court Judge Richard Jones ordered Zhao to stay in the U.S. until his Feb. 23, 2024 sentencing date.

The defendant has enormous wealth and property abroad, and no ties to the United States, Judge Jones wrote, agreeing with earlier arguments from federal prosecutors who said they would not be able to secure his return if Zhao decided not to return to the United States.

His family resides in the UAE and it appears that he has favored status in the UAE. Under these circumstances the Court finds that the defendant has not established by clear and convincing evidence that he is not likely to flee if he returns to the UAE, Judge Jones added.

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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Here's what happened in crypto today - Cointelegraph

Argentinan president advocates for cryptocurrency declaration in reform bill – crypto.news

Posted on January 4, 2024 by Danzig

Argentinas government will offer a flexible tax rate and legitimize the usage of cryptocurrency assets within the country, irrespective of location or origin.

President of Argentina Javier Milei proposed the bill as part of a broader set of economic and political reforms. The crypto community has responded positively to Mileis election in November, given his endorsement of Bitcoin (BTC) during his campaign. However, the bill, which includes numerous reforms, has quickly sparked controversy and protests since its introduction on Tuesday.

Under the proposed framework, cryptocurrencies and various assets, from liquid cash to real estate, fall under a new regularization plan. This plan offers incentives for early disclosure of such assets. Specifically, Argentinians declaring their cryptocurrency assets by March 31 will benefit from a low tax rate of 5%. This rate, however, will escalate up to 15% by Nov. 30.

This move comes after the Argentine governments earlier decision to recognize Bitcoin for contractual agreements. Diana Modino, Argentinas Minister of Foreign Relations and International Commerce, announced this month that Bitcoin and other digital currencies are now considered valid for legal contracts nationwide.

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Argentinan president advocates for cryptocurrency declaration in reform bill - crypto.news

Is the Crypto Winter Over? – Kiplinger’s Personal Finance

Posted on January 4, 2024 by Danzig

The bounceback of Bitcoin and its fellow digital assets was a major storyline in 2023, leading many to wonder: Is the crypto winter over?

Indeed, the trial of former FTX CEO and co-founder Sam Bankman-Fried, the head of the collapsed cryptocurrency exchange, drew plenty of attention to the digital asset space.

At one point, FTX had a value of more than $32 billion. However, by November 2022, FTX had collapsed, and a month later, Bankman-Fried was arrested in the Bahamas, charged with seven counts of wire fraud, securities fraud, and money laundering, and extradited to the U.S. to face his charges.

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On November 2, 2023, a federal jury in a Manhattan courthouse found Bankman-Fried guilty on all seven counts. The former crypto icon faces up to 110 years in prison. His sentencing is scheduled for March 28, 2024.

"It's a warning, this case, to every single fraudster out there who thinks that they're untouchable or that their crimes are too complex for us to catch or that they're too powerful for us to prosecute or that they could try to talk their way out of it when they get caught," said Damian Williams, the U.S. attorney for the Southern District of New York, as reported by NBC News. "Those folks should think again."

In the lead-up to FTX's collapse, cryptocurrencies were in high demand on Wall Street, with Bitcoin hitting an all-time high of $68,569 in November 2021. Shortly after that, demand fell off a cliff and prices plummeted. And in late 2021 or early 2022, what is described as a "crypto winter" began.

A crypto winter is loosely defined as an extended period when cryptocurrency prices move lower, combined with a decrease in overall trading volume. They can last months or even years. In that regard, they're not unlike bear markets for stocks.

Unlike a recession, customarily defined by economists as two consecutive quarters of negative GDP (gross domestic product), cryptocurrencies have no specific definition. Therefore, every person's idea of when and what constitutes a crypto winter differs.

The first crypto winter began in February 2011 when Bitcoin dropped by 40% from $1.06 to 67 cents. The next one didn't happen until 2014, when the price of Bitcoin dropped from a high of more than $1,200 entering the year to a low of $180 by January 2015.

However, the term crypto winter only came into common usage in 2018, after 2017's big run from $900 to $20,000, a 2,122% gain over 12 months, to fall back to $3,180 by December 2018.

During 2017's irrational exuberance, publicly traded mainstream companies were changing their names to include the words blockchain or crypto, while others completely pivoted their business models to catch the crypto craze, similar to what occurred during the dot-com bubble in late 1999 and early 2000.

The most recent crypto winter occurred over 13 months, from the all-time Bitcoin high of $68,569 in November 2021 to a December 2022 bottom of below $17,000, a 75% decline.

In the most recent crypto winter in 2022, rampant inflation from a post-pandemic world required the Federal Reserve to raise interest rates to dampen the economy, slowing demand and lowering prices.

It began raising the federal funds rate in March 2022, ultimately boosting the federal funds rate 11 times through July 2023, from 0.25%-0.50% to 5.25% to 5.5%%, the highest level in 22 years.

As a result, investors sold their risk-on assets such as crypto and stock, sending prices of both much lower by the end of 2022. It didn't help crypto prices that two cryptocurrencies, Luna and TerraUSD, collapsed in May 2022, followed by bankruptcies by crypto lenders Voyager Digital and Celsius Network. And FTX's bankruptcy in November 2022 put the nail in the proverbial coffin.

Like stocks, crypto winters are often (but not always) caused by bad news, whether self-inflicted wounds such as a security breach or hack, reduced interest from institutional investors, unsettling economic news such as what happened in 2022, or increased regulatory overview.

Over the long haul, these are all signs of a healthy marketplace that adjusts to current market, economic, and regulatory conditions.

With Bankman-Fried set to go to prison for a long time in the first half of 2024, the industry can finally look ahead rather than in the rearview mirror.

Positive signs that the latest crypto winter could be over include Bitcoin gaining roughly 150% in 2023, higher weekly inflows of crypto investment funds much like how you'd look at mutual fund and ETF net inflows and outflows and institutional money getting back into the crypto space by offering mainstream digital assets from the likes of BlackRock, Mastercard, etc.

However, some crypto industry professionals suggest that the latest crypto winter won't be over until spot Bitcoin ETFs and spot Ethereum ETFs are approved for sale in the U.S. markets.

"That's the floodgate for large portfolios to allocate 50 basis points of their holdings to Bitcoin," said Greg Magadini, director of derivatives at Amberdata, as reported by Decrypt. "To me, that would be the catalyst to essentially open up ... the end of crypto winter."

Just as there is no specific definition of a crypto winter, there is no rule to indicate when one has ended. As a relatively new asset class, that comes with the territory.

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Is the Crypto Winter Over? - Kiplinger's Personal Finance

This Cryptocurrency Rallied 200% And Overtook Shiba Inu – Watcher Guru

Posted on January 4, 2024 by Danzig

Internet Computer (ICP) is currently one of the best-performing cryptocurrencies in the market. The token has rallied by 14.9% in the last 24 hours, over 73% in the weekly charts, and over 204% in the previous month. Moreover, ICP has overtaken Shiba Inus (SHIB) market cap and is currently the 16th largest crypto project.

According to CoinMarketCap data, ICPs market cap has surged by 14.48%, while its 24-hour trade volume has risen by over 102%.

Also read: Top 3 Cryptocurrencies Under $2 That Could Reach $25 in 2024

Crypto analysis firm Santiment notes that currently, long positions dominate ICPs open interest. The firm further stated that if FOMO (Fear Of Missing Out) stays away, the cryptocurrency could continue to rise.

ICP had a lackluster performance for most of 2023, and the asset only began to rally in mid-December.

According to a recent post by Santiment, ICP was among the top coins in terms of development activity. The surge in developmental activities may be behind the latest price spike for the cryptocurrency.

Despite the recent gains, there is a chance that ICP will face a downward correction. According to Santiment, the cryptocurrencys Relative Strength Index (RSI) surged from 66 on Dec. 30, 2023 to 76.7 on Jan. 3, 2024. For ICP to continue its bullish momentum, it requires its RSI to remain below 65.

Also Read: Top 3 Cryptocurrencies Under $1 That May Explode in 2024

However, there is also a possibility that the project continues to surge in terms of developmental activity, thereby continuing its bullish momentum. Moreover, the asset is down by over 97% from its all-time high of $700.65, which it attained in May 2021, over two years ago. Hence, there is still a lot of room for growth.

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This Cryptocurrency Rallied 200% And Overtook Shiba Inu - Watcher Guru

Cryptocurrency-linked stocks rally as Bitcoin surpasses the $45K milestone – Seeking Alpha

Posted on January 4, 2024 by Danzig

Vladimir Vladimirov

Cryptocurrency-focused stocks are on the rise after Bitcoin (BTC-USD) reaches its highest levels since April 2022.

On Tuesday, Bitcoin (BTC-USD) surged to a peak of $45.5K, reflecting an almost 7% increase.

The anticipation of the U.S. Securities and Exchange Commission granting approval for a spot Bitcoin ETF as early as January 10 is fueling this rally.

Notably, Coinbase (NASDAQ:COIN) shares rose by 3%, MicroStrategy (NASDAQ:MSTR) saw an 8% increase, Riot Platforms (NASDAQ:RIOT) surged by 9%, CleanSpark (NASDAQ:CLSK) climbed by 11%, and Marathon Digital (NASDAQ:MARA) soared by over 12%, respectively. Additionally, Bitfarms (NASDAQ:BITF) witnessed a notable 11% increase, HIVE Digital (NASDAQ:HIVE) rose by 12%, TeraWulf (NASDAQ:WULF) jumped by 17%, and Bit Digital (NASDAQ:BTBT) recorded a 9.7% gain.

Concurrently, other major cryptocurrencies are also seeing positive movement, with Ethereum (ETH-USD), the leading altcoin by market cap, rising by 4% to $2.4K, followed by a 3% growth in Dogecoin USD (DOGE-USD).