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MicroStrategy buys another 9,245 Bitcoin ($623 million). 🤑🤑🤑🤑 #BOME #future_trading_signal #ETHFI
MicroStrategy buys another 9,245
Bitcoin ($623 million). 🤑🤑🤑🤑
#BOME
#future_trading_signal
#ETHFI
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A new report on BTC has been published in China, known for its bans on Bitcoin and cryptocurrencies. The report written by Chinese academics stated that BTC could be considered a property. Academics who agree on the property characteristics of Bitcoin stated that BTC and cryptocurrencies have a relatively small area in terms of legal regulations in China. At this point, academics pointed out that BTC and cryptocurrencies are not completely banned, but also said that they are not contraband goods. As a result, academics who reached a general conclusion about Bitcoin wrote the following: “Bitcoin is not legal, but it is not completely banned either. BTC is not a contraband commodity either. Bitcoin is actually tradable and has economic value, so it can be considered property.” Chinese scholars generally agree on the property attributes of Bitcoin and summarize: Bitcoin and digital currency has a relatively small space for legal order in China, but it is not completely banned. It is not a contraband. In fact, it can be traded and has economic value, so… — Wu Blockchain (@WuBlockchain) May 6, 2024 China's Bitcoin Ban! In September 2021, the Chinese government made a decision to ban all activities related to Bitcoin and cryptocurrencies, including cryptocurrency mining, and declared these transactions illegal. The Chinese government also banned foreign cryptocurrency exchanges from providing services in the country. #btc #China #btcban
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There are only 50 blocks left until the Bitcoin halving event, which is closely followed by the entire cryptocurrency market. Halving 840,000. The block will be processed from the moment it is mined. According to the latest information, the halving will take place tonight at 05:26 Türkiye time (UTC+3). However, since block extraction times are not constant, there may be minor fluctuations in this time information. After the halving, BTC miners will no longer receive a reward of 3,125 BTC per block, instead of 6.25 BTC. This will help reduce Bitcoin's inflation. This event will cut Bitcoin's inflation rate in half, from roughly 1.7% to 0.85%. Before the halving, the BTC price experienced a partial recovery and at the time of writing, it is trading at $64,175, with an increase of approximately 1% compared to the last 24 hours. JPMorgan analysts predict that production costs will rise to an average of $42,000 after the halving, and “this estimate is also the level at which we predict Bitcoin prices will drift once Bitcoin-halving-fuelled euphoria subsides after April,” the analysts wrote. However, looking at historical data, there are many analysts who think that the BTC price may experience an increase. Because when historical data is examined, even if there is a decline in the first moments, it is extremely likely that BTC will reach high levels in the next medium and long term. *This is not investment advice. #BTCHALVING. #btc #BTC_CRASH_UPDATE
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BREAKING: Iran launches attack against Israel using dozens of drones, four U.S. and Israeli officials told me — Barak Ravid (@BarakRavid) April 13, 2024 #btc #BTCDumpingByUS
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The price of Bitcoin, the world's largest cryptocurrency, experienced a sudden decline today and the price fell below $ 68,000. The BTC price, which was above $ 71,000 during the day, lost more than 5% of its value at its bottom with this decrease and is trading at $ 68,044 at the time of writing this article. The main reason for the decline in Bitcoin price is the tension between Israel and Iran. It is known that Iran wants to retaliate against some groups affiliated with Iran that were killed by Israel weeks ago. Recently, it has been rumored that Iran wants to attack Israel, either directly or by using its affiliated forces. However, in the statement made by Israel, it was claimed that a rocket attack was launched against them from Lebanese territory. In the latest developments, it is stated that Israeli warplanes are flying over Beirut. According to the news of US media outlet CBS, based on two unnamed US officials, officials said that the attack could include more than 100 unmanned aerial vehicles and dozens of missiles against military targets within the country, and warned that Israel would have difficulty fending off an attack of this scale. . As geopolitical tensions reached their highest level in recent days, both gold and Bitcoin lost a significant amount of value today. Although the ounce of gold rose above $2,400 during the day and broke the highest price record of all time, it lost blood with the recent developments but is still traded at $2,392. With the decrease in the price of Bitcoin, the liquidation of millions of dollars was also triggered. According to the data, a huge amount of liquidation of 210 million dollars took place in the cryptocurrency market in the last hour. Approximately 200 million dollars of these liquidations were in long positions. However, the majority of the liquidations, $29 million, were observed in Ethereum and $20 million in Bitcoin. #Bitcoin #bitcoinhalvingn #btc
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According to a report by the Financial Times, San Francisco-based company Ripple is on track to launch a dollar-backed stablecoin. With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities. As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko. The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis. Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset." More use cases Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement. The company believes that its new product will be able to attract more liquidity while generating more use cases. In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community. #Ripple #xrp #XRP/USDT🔥🔥:
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