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Laraxen
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What do you think the price of
bitcoin
will be on the weekend?
$BTC
#Bitcoin
52.000-54.000
37%
55.000-58.000
23%
59.000-64.000
23%
65.000-70.000
17%
86 votes • Voting closed
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Is China going back to crypto? Signals are getting stronger After the claims that China will return to crypto, the signals began to strengthen in this direction. The latest statements made by a senior member of the Chinese Communist Party were interpreted as "China's approach is changing." Follow Us on Google News China may be looking for ways to step back from the cryptocurrency ban it introduced in 2021. After the allegations that China will lift this ban by the end of the year, positive signals have started to come in this direction in recent days. Recently, China's former deputy finance minister Zhu Guangyao said that Chinese authorities should reconsider their stances towards crypto. While describing cryptocurrencies as "a vital element for the development of the digital economy", Guangyao drew attention to the developments in the USA. Guangyao stated that the USA has started to embrace the sector and that China needs to keep up with this situation in order not to be left behind. “China's approach is changing” According to the US-based cryptocurrency exchange Coinbase, China's approach to crypto is changing. Coinbase's research analysts David Duong and David Han stated in their latest report that Guangyao is a senior party member and his comments are therefore important. “Due to the fact that Zhu Guangyao is a senior party member, we think these comments are meaningful and can give positive signals for this asset class,” the analysts commented. YOU MAY BE INTERESTED – Crypto demand in China is growing despite ban “
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The same Bitcoin whale reappeared the day the HBO trailer was released Shortly after Bitcoin's launch in 2009, it was determined that over $3 million BTCs issued through mining were transferred to the Kraken exchange on Thursday. This process also drew attention when it coincided with the day HBO released the documentary trailer about Satoshi Nakamoto. On the other hand, two weeks ago, another whale moved BTCs, which extended to January 2009, for the first time in 15 years and 7 months. Follow Us on Google News 10 days ago, the whale, which sent 5 BTC to the exchange, dating back 15 years, reappeared. This time, the transactions coincided with the day HBO released a documentary trailer with the claim that "we found Satoshi". According to the information shared by the blockchain analysis platform Arkham, the whale in question owns Bitcoins worth over $72.5 million. With its latest transactions, the cryptocurrency exchange transferred 3 million 580 thousand dollars of BTC to Kraken. The last BTCs it transferred were released a month after the day Bitcoin was launched. On the other hand, another whale transferred a total of 250 BTC from 5 separate wallets to new addresses two weeks ago. This wallet, which took action for the first time after 15 years and 7 months, was created in January 2009. At that time, Satoshi Nakamoto and his very limited environment knew about Bitcoin. Arkham asks the question: Why did these Bitcoin whale wallets from the early days suddenly start to wake up?
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After the announcement of employment and unemployment data in the USA, regarding the Fed decision on November 7; Discount of 50 basis points at CME 32%, A discount of 25 basis points is priced with 68%.
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Ripple's appeal move against SEC: 'It's embarrassing for them' The SEC's exercise of the right to appeal in the Ripple case yesterday evening also mobilized the other party. Stuart Alderoty, the legal advisor of the Ripple company, stated that they were also considering the possibility of a counter-objection and made harsh words to the SEC. Follow Us on Google News The Ripple company was harsh on the objection of the US Securities and Exchange Commission (SEC) against the court decision. Stuart Alderoty, the legal advisor of the company, stated that they could also file a counter-objection. “Embarrassing...” Alderoty, who sent a long tweet over X, said the SEC's objection was disappointing and embarrassing: “The SEC's appeal decision was disappointing and of course no surprise to us. In fact, this process, which has a clear end, will only extend it a little more. This whole process has become a shame for the institution. Already, the court denied the SEC's allegations of fraud, loss and victimization. The SEC is still trying to apply forced regulation instead of complying with the law. These policies under this president are giving a war message to the crypto world. The lawsuit filed by the SEC has been both unreasonable and misdirecting from the very beginning. We also think about the possibility of objecting and making this decision taken once again in the court of appeal.” Alderoty also said for the resignation of Gurbir Grewal, the SEC's chief executive officer, "It is a coincidence that the SEC resigned an hour before the appeal decision," and made a significant comment.
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Unexpected high-level resignation at the SEC: Is it related to cryptocurrencies? In the SEC, which has imposed harsh sanctions against the cryptocurrency world, especially in the last 2 years, the chief executive manager Gurbir Grewal, who is one of the biggest responsible for these steps, will step on October 11. Due to the resignation, no statement has been made by the SEC yet. "I am proud of what I have done and the stance of my institution," Grewal said. Follow Us on Google News In recent years, the US Securities and Exchange Commission (SEC), which has been at war with the crypto world, especially Ripple and Coinbase companies, has received a high-level resignation. Gurbir Grewal, the chief executive manager of the institution, stated that he would step down on October 11. It is currently unknown who will replace Grewal, who is seen as one of the biggest influencers such as the head of the institution, Gensler, in his attitude towards the crypto world and in the lawsuit filed. It is stated that his assistant Sanjay Wadhwa will temporarily take the position. Signed more than 100 applications Grewal, who is responsible for the actions of the SEC, has filed important lawsuits or penalties against many companies, including companies operating in cryptocurrencies. Grewal has a role in more than 100 actions by the SEC. Will the perspective on crypto change? This unexpected and sudden resignation has led to a re-debate on whether the SEC's perspective on the cryptocurrency world will change. Recently, it was seen that Kamala Harris also winked at the world of cryptocurrencies in her election speeches. It is also an interesting coincidence that the SEC objected to the Ripple case decision on the day Grewal's resignation was announced... Grewal worked for the SEC for 21 years and spent the last 3 years as the chief executive practitioner. Making a brief statement about the stack, the manager said, "I am proud of my institution and what we do, from our practices to our steps to protect investors and punishing those responsible."
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