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Germany Misses Out on $1.1 Billion Bitcoin Profit
$BTC
In a significant turn of events, Germany's early July decision to sell nearly 50,000 BTC at $53,000 each has led to an astounding estimated loss of $1.1 billion in potential profits. Since the sale, Bitcoin's value has surged past $77,000, illustrating the volatility of the cryptocurrency market and the challenges faced by nations navigating digital assets. This missed opportunity highlights the risks associated with timely liquidation of such investments. As the crypto la
In a significant turn of events, Germany's early July decision to sell nearly 50,000 BTC at $53,000 each has led to an astounding estimated loss of $1.1 billion in potential profits. Since the sale, Bitcoin's value has surged past $77,000, illustrating the volatility of the cryptocurrency market and the challenges faced by nations navigating digital assets. This missed opportunity highlights the risks associated with timely liquidation of such investments. As the crypto la
Solana Surges Past $200 Following Trump's Victory
In a surprising turn of events, Solana has exceeded $200 for the first time since April 1, following Donald Trump’s unexpected victory in the U.S. elections. This surge reflects the market's volatile nature and highlights the growing interest in cryptocurrency as a viable investment. Many investors are optimistic about the direction of digital assets in the wake of political changes. As Solana continues to rise, it stands out as a favorite among crypto enthusiasts. Keep an eye on this hot trend!
Celia Token Sets Stage for Exciting Launch
The excitement in the cryptocurrency community is palpable as the Celia token project team makes a significant announcement regarding their upcoming token distribution. As shared on their social media platforms, "Celia Token Distribution Begins from 15th November! Brace up as distribution will only last for 2 weeks! All you will need is a Binance Smart Chain wallet for token distribution… We are just a couple of weeks away from Celia Exchange Launch💜🚀"
This announcement comes as a breath of f
This announcement comes as a breath of f
Navigating the Premium Rush of Time Farm's TGE Preparations
As we find ourselves enveloped in the fervor of the Time Farm Telegram project's community, a palpable sense of anticipation permeates the atmosphere since the illuminating post released on November 2nd at 10:16 UTC. The Time Farm team, with their dexterous foresight, hinted at the forthcoming Token Generation Event (TGE) which promises to bring forth a plethora of opportunities for its community members.
In their recent announcement, the team elucidated their strategic vision: “As we prep for
In their recent announcement, the team elucidated their strategic vision: “As we prep for
As the crypto market giant "BITCOIN" price struggles below $70000. What are your thoughts and predictions?. Will it go up ↗️ or down ↙️?
#Market_Update #16thBTCWhitePaperAnniv
#Market_Update #16thBTCWhitePaperAnniv
Red Alert: Anchorage Digital's Massive $3.96M Withdrawal Signals Strategic Confidence in $ENA
In a striking development within the cryptocurrency realm, Anchorage Digital has executed a significant withdrawal of $3.96 million in $ENA tokens from Binance. This information was disclosed by Spot On Chain through its official X account, stirring intrigue within the crypto community.
The transaction, amounting to a staggering 10.7 million $ENA tokens, was processed approximately eight hours ago and utilized a unique wallet address. This marks the most substantial transaction involving $ENA
The transaction, amounting to a staggering 10.7 million $ENA tokens, was processed approximately eight hours ago and utilized a unique wallet address. This marks the most substantial transaction involving $ENA
As W-Coin project announces their allocation, what are your thoughts?. Do you think it listing price will be favorable to everyone?. Will the listing be bullish, driving prices upward as demand surges, or bearish, causing price instability due to potential sell-offs?.
W-COIN Community Airdrop: A Glimpse into the Future
On October 31st at 2:08 PM, Telegram’s inbuilt project, W-COIN, unveiled a significant boon for its devoted community. In an enthusiastic announcement, the team declared, “🏳️ W-Coin: 70% of Tokens Reserved for Mates! 🏳️” This move celebrates the community’s contributions, as 70% of the total token allocation is dedicated exclusively to W-Coin Mates.
The statement emphasized the commitment to the community with the assurance that, “We’ve decided to dedicate the entire reward pool exclusively t
The statement emphasized the commitment to the community with the assurance that, “We’ve decided to dedicate the entire reward pool exclusively t
Tomarket Airdrop: A Heartfelt Recognition of Community Support
In the ever-evolving landscape of cryptocurrency, the strength of a project is often measured by the community that surrounds it. Tomarket, an innovative new entrant in the crypto scene, recently demonstrated a deep appreciation for its community through an exciting announcement made on their Telegram channel and Twitter handle. The team behind Tomarket knows that the road to success is paved with the support of its users, and they are determined to recognize this essential partnership.
On the
On the
*Exciting News in the Crypto World: The New Telegram Airdrop "PAWS"!*
#In a thrilling turn of events, the new inbuilt Telegram airdrop "PAWS" has taken the crypto community by storm! This surge in interest follows the notable participation of Vladimir Smerkis, the co-founder of the renowned airdrop "BLUM." His involvement has ignited discussions and curiosity among crypto enthusiasts.
Adding to the excitement, Viktor, the founder of the popular Stone Tigers, has also tipped off about "PAWS" in a recent post on Twitter. His influential presence in the crypto sphere
Adding to the excitement, Viktor, the founder of the popular Stone Tigers, has also tipped off about "PAWS" in a recent post on Twitter. His influential presence in the crypto sphere
Nfts Art Room brings to you in moment of love,#NFT "LOVE" at it lowest on #OKXWeb3Wallet as Valentine's gift. With $1.31 ETH,you can buy and own it now within 4 days, before selling price increases. 78.6% sold, 21.4% left. Don't miss out ❣️. okx.com/web3/marketplace/nft #nftcommunity
#NFTs #Write2Earn
to buy https://okx.com/web3/marketplace/nft
open the link search for Nfts Art Room and tap on the Love NFT,then connect wallet and buy.
$ETH $BNB $BTC
#NFTs #Write2Earn
to buy https://okx.com/web3/marketplace/nft
open the link search for Nfts Art Room and tap on the Love NFT,then connect wallet and buy.
$ETH $BNB $BTC
"UniverseX NFT: A Celestial Journey Through the Cosmos"
Enter the captivating world of "UniverseX," an extraordinary NFT that has arrived to redefine the boundaries of digital art. This mesmerizing creation transcends the cosmos, offering viewers a breathtaking glimpse of celestial vistas and cosmic wonders.
"UniverseX" is a true testament to the endless possibilities of NFT art, featuring a captivating blend of vibrant colors and intricate details that draw viewers into an otherworldly journey through the boundless expanse of the universe. Each brushstroke and pixel has been meticulously crafted to evoke a sense of wonder and awe, inviting art enthusiasts and collectors to immerse themselves in an unparalleled cosmic experience.
This stunning artwork is now available on the esteemed OKX exchange, providing an exciting opportunity for collectors and investors to acquire a piece of digital art that is poised to make a profound impact on the NFT market. As "UniverseX" takes its place among the elite offerings on OKX, it stands as a testament to the innovative and transformative nature of NFT art, offering a one-of-a-kind investment opportunity for those seeking to diversify their portfolios with digital assets.
With its enigmatic charm and undeniable allure, "UniverseX" has already garnered widespread acclaim within the NFT community, capturing the imagination of art enthusiasts and collectors alike. As its presence on OKX amplifies its visibility, this remarkable NFT is set to captivate a global audience, cementing its status as a beacon of ingenuity and creativity in the digital art sphere.
Embrace the opportunity to own a piece of "UniverseX" on OKX, and embark on a celestial journey unlike any other. Witness the fusion of art and technology, as this exceptional NFT continues to redefine the boundaries of creativity and innovation in the digital realm. Step into the cosmos and let "UniverseX" transport you to a realm of unparalleled beauty and inspiration.
$ETH $BNB $BTC
#nft_io #nfts #NFTMarketplaceInnovation
Enter the captivating world of "UniverseX," an extraordinary NFT that has arrived to redefine the boundaries of digital art. This mesmerizing creation transcends the cosmos, offering viewers a breathtaking glimpse of celestial vistas and cosmic wonders.
"UniverseX" is a true testament to the endless possibilities of NFT art, featuring a captivating blend of vibrant colors and intricate details that draw viewers into an otherworldly journey through the boundless expanse of the universe. Each brushstroke and pixel has been meticulously crafted to evoke a sense of wonder and awe, inviting art enthusiasts and collectors to immerse themselves in an unparalleled cosmic experience.
This stunning artwork is now available on the esteemed OKX exchange, providing an exciting opportunity for collectors and investors to acquire a piece of digital art that is poised to make a profound impact on the NFT market. As "UniverseX" takes its place among the elite offerings on OKX, it stands as a testament to the innovative and transformative nature of NFT art, offering a one-of-a-kind investment opportunity for those seeking to diversify their portfolios with digital assets.
With its enigmatic charm and undeniable allure, "UniverseX" has already garnered widespread acclaim within the NFT community, capturing the imagination of art enthusiasts and collectors alike. As its presence on OKX amplifies its visibility, this remarkable NFT is set to captivate a global audience, cementing its status as a beacon of ingenuity and creativity in the digital art sphere.
Embrace the opportunity to own a piece of "UniverseX" on OKX, and embark on a celestial journey unlike any other. Witness the fusion of art and technology, as this exceptional NFT continues to redefine the boundaries of creativity and innovation in the digital realm. Step into the cosmos and let "UniverseX" transport you to a realm of unparalleled beauty and inspiration.
$ETH $BNB $BTC
#nft_io #nfts #NFTMarketplaceInnovation
"Exploring the Enigmatic World of 'Dark Web' - An NFT Masterpiece"
The NFT world has been abuzz with the recent listing of ‘Dark Web’,a captivating digital artwork that has taken the crypto community by storm.This stunning piece captures the enigmatic allure of the hidden internet,offering viewers a mesmerizing glimpse into the world of anonymity,secrecy,and intrigue.
From its hauntingly beautiful visual to its intricate details,‘Dark Web’ is a masterpiece that delves into the depths of the digital underworld.The dark,mysterious colors and hypnotic patterns draw viewers in,immersing them in a captivating exploration of the hidden internet.
As an NFT listed on the prestigious OKX exchange,‘Dark Web’ has garnered attention for its unique portrayal of the unknown and its ability to transport viewers into a world shrouded in mystery.The artist behind this extraordinary creation has skillfully captured the essence of the dark web,offering a thought-provoking representation that resonate with audiences on a profound level.
The listing of ‘Dark Web’ on OKX represents a significant milestone for the NFT community,signaling a growing interest in digital art that delves into complex and enigmatic themes.Its presence on a reputable exchange underscores its value as an investment and as a collectible piece of digital art.
With its thought-provoking concept and breathtaking visuals,‘Dark Web’ stands as a testament to the power of NFTs to push artistic boundaries and captivate audiences with their immersive storytelling.As viewers explore this mesmerizing artwork,they are invited to contemplate the hidden facets of the digital realm and engage with the evocative symbolism embedded within ‘Dark Web’.
Conclusion: - ‘Dark Web’ is a compelling NFT that has successfully captured the essence of the hidden internet,offering viewers a mesmerizing journey into the depth of anonymity and secrecy.Its listing on OKX is a testament to its artistic and investment value,solidifying its place as a standout piece in the world of digital art and NFTs.
#NFT #BSC
The NFT world has been abuzz with the recent listing of ‘Dark Web’,a captivating digital artwork that has taken the crypto community by storm.This stunning piece captures the enigmatic allure of the hidden internet,offering viewers a mesmerizing glimpse into the world of anonymity,secrecy,and intrigue.
From its hauntingly beautiful visual to its intricate details,‘Dark Web’ is a masterpiece that delves into the depths of the digital underworld.The dark,mysterious colors and hypnotic patterns draw viewers in,immersing them in a captivating exploration of the hidden internet.
As an NFT listed on the prestigious OKX exchange,‘Dark Web’ has garnered attention for its unique portrayal of the unknown and its ability to transport viewers into a world shrouded in mystery.The artist behind this extraordinary creation has skillfully captured the essence of the dark web,offering a thought-provoking representation that resonate with audiences on a profound level.
The listing of ‘Dark Web’ on OKX represents a significant milestone for the NFT community,signaling a growing interest in digital art that delves into complex and enigmatic themes.Its presence on a reputable exchange underscores its value as an investment and as a collectible piece of digital art.
With its thought-provoking concept and breathtaking visuals,‘Dark Web’ stands as a testament to the power of NFTs to push artistic boundaries and captivate audiences with their immersive storytelling.As viewers explore this mesmerizing artwork,they are invited to contemplate the hidden facets of the digital realm and engage with the evocative symbolism embedded within ‘Dark Web’.
Conclusion: - ‘Dark Web’ is a compelling NFT that has successfully captured the essence of the hidden internet,offering viewers a mesmerizing journey into the depth of anonymity and secrecy.Its listing on OKX is a testament to its artistic and investment value,solidifying its place as a standout piece in the world of digital art and NFTs.
#NFT #BSC
"Major Cryptocurrency Freeze: Tether and OKX Collaborate with US Department of Justice to Halt Massive USDT Linked to International Trafficking Scam"
Tether and OKX, two prominent cryptocurrency exchanges, have made headlines today after initiating the largest-ever freeze of USDT (Tether) in history. The freeze, which saw 225 million in USDT tokens being immobilized, was carried out in collaboration with the United States Department of Justice. The tokens were linked to an international human trafficking syndicate operating in Southeast Asia, which was found to be responsible for orchestrating a global "pig butchering" romance scam.
The joint effort between Tether, OKX, and the U.S. Department of Justice represents a significant milestone in combating illicit activities within the cryptocurrency space. By taking decisive action to freeze the tokens associated with the criminal network, the entities involved have sent a clear message that they are committed to upholding the integrity of the digital asset ecosystem and safeguarding against unlawful exploitation.
The human trafficking syndicate's utilization of cryptocurrency to perpetrate their illegal activities underscores the need for heightened vigilance and enhanced collaboration between regulatory authorities and industry stakeholders. This case serves as a stark reminder of the urgent importance of implementing robust measures to identify and address illicit uses of digital assets.
As the investigation unfolds, the cryptocurrency community and relevant authorities will likely continue to closely monitor developments, while simultaneously working towards fostering greater transparency and accountability within the industry.
$BTC $BNB $ETH
Tether and OKX, two prominent cryptocurrency exchanges, have made headlines today after initiating the largest-ever freeze of USDT (Tether) in history. The freeze, which saw 225 million in USDT tokens being immobilized, was carried out in collaboration with the United States Department of Justice. The tokens were linked to an international human trafficking syndicate operating in Southeast Asia, which was found to be responsible for orchestrating a global "pig butchering" romance scam.
The joint effort between Tether, OKX, and the U.S. Department of Justice represents a significant milestone in combating illicit activities within the cryptocurrency space. By taking decisive action to freeze the tokens associated with the criminal network, the entities involved have sent a clear message that they are committed to upholding the integrity of the digital asset ecosystem and safeguarding against unlawful exploitation.
The human trafficking syndicate's utilization of cryptocurrency to perpetrate their illegal activities underscores the need for heightened vigilance and enhanced collaboration between regulatory authorities and industry stakeholders. This case serves as a stark reminder of the urgent importance of implementing robust measures to identify and address illicit uses of digital assets.
As the investigation unfolds, the cryptocurrency community and relevant authorities will likely continue to closely monitor developments, while simultaneously working towards fostering greater transparency and accountability within the industry.
$BTC $BNB $ETH
ChainGPT x HTX Initiates 14 days learn and earn campaign -
Recently, HTX launched ChainGPT . To help users gain a comprehensive understanding of ChainGPT, HTX Learn has launched the Learn & Earn campaign for this project. Participants who complete the course and successfully pass the quiz will stand a chance to win CGPT rewards.
Event Rules:
1. Each participant stands to win 18 CGPT as learning rewards. The event will end when all the rewards are claimed or at the end of the event period.
2. Eligibility: HTX users who complete KYC L3 verification. Verify now to enjoy our event benefits!
3. To earn your rewards, you need to learn the knowledge about ChainGPT and answer all the questions correctly (three attempts allowed) during the event period.
4. Users who engaged in any of the previous HTX Learn's Learn & Earn campaigns will be eligible for an extra reward of 3 CGPT.
5. Rewards will be credited to your accounts within 7 working days after the end of the event.
Referral Benefits:
1. Refer friends to sign up on HTX, learn about ChainGPT, and answer all the questions correctly. Your friends will earn the corresponding rewards, and you, as an inviter, will receive the same rewards regardless of participation. The more friends you invite, the higher your rewards will be.
2. Your invitation is valid only when the new user signs up via your referral link. (HTX app > Referral on homepage > Share referral link or QR code)
Note: HTX reserves the right of final interpretation of the event. Users violating the rules of HTX, including click farming and illegal bulk registration of accounts, will not be eligible for rewards.
At HTX Learn, we're committed to offering the best resources and opportunities that help you achieve greater success in the crypto world. Actively learn during the event to enhance your investment skills.
https://coinmarketcap.com/community/share/post/331616709
$USDC $BNB $BTC
#AirdropAlert #alert #CryptoCurrents #Informational #CryptoNews🔒📰🚫
Recently, HTX launched ChainGPT . To help users gain a comprehensive understanding of ChainGPT, HTX Learn has launched the Learn & Earn campaign for this project. Participants who complete the course and successfully pass the quiz will stand a chance to win CGPT rewards.
Event Rules:
1. Each participant stands to win 18 CGPT as learning rewards. The event will end when all the rewards are claimed or at the end of the event period.
2. Eligibility: HTX users who complete KYC L3 verification. Verify now to enjoy our event benefits!
3. To earn your rewards, you need to learn the knowledge about ChainGPT and answer all the questions correctly (three attempts allowed) during the event period.
4. Users who engaged in any of the previous HTX Learn's Learn & Earn campaigns will be eligible for an extra reward of 3 CGPT.
5. Rewards will be credited to your accounts within 7 working days after the end of the event.
Referral Benefits:
1. Refer friends to sign up on HTX, learn about ChainGPT, and answer all the questions correctly. Your friends will earn the corresponding rewards, and you, as an inviter, will receive the same rewards regardless of participation. The more friends you invite, the higher your rewards will be.
2. Your invitation is valid only when the new user signs up via your referral link. (HTX app > Referral on homepage > Share referral link or QR code)
Note: HTX reserves the right of final interpretation of the event. Users violating the rules of HTX, including click farming and illegal bulk registration of accounts, will not be eligible for rewards.
At HTX Learn, we're committed to offering the best resources and opportunities that help you achieve greater success in the crypto world. Actively learn during the event to enhance your investment skills.
https://coinmarketcap.com/community/share/post/331616709
$USDC $BNB $BTC
#AirdropAlert #alert #CryptoCurrents #Informational #CryptoNews🔒📰🚫
Crypto Market Surges as New Coin Listings Drive Investor Interest
The crypto market has experienced a significant surge in activity following the recent listing of new coins on leading exchanges, marking a pivotal moment for the digital asset ecosystem. The addition of new coins has triggered a wave of excitement and investor interest, contributing to heightened trading volumes and market momentum.
The introduction of these new coins, including various decentralized finance (DeFi) tokens and non-fungible tokens (NFTs), has expanded the investment landscape within the cryptocurrency market, providing investors with diverse opportunities to participate in emerging sectors. As a result, trading activity has intensified, driving up market capitalization and demonstrating a robust demand for these innovative digital assets.
Amidst the influx of new coins, industry experts have highlighted the potential for these listings to foster greater innovation and adoption within the crypto space. The introduction of DeFi tokens and NFTs has catalyzed discussions around the evolution of blockchain technology and its implications for disrupting traditional financial systems and creating new avenues for digital asset ownership.
This surge in market activity underscores the resilience and adaptability of the crypto market, as it continues to evolve and attract widespread interest from investors and enthusiasts. As the ecosystem expands with the addition of new coins, it is evident that the crypto market remains dynamic and responsive to emerging trends, offering opportunities for investors to engage with innovative digital assets and participate in the ongoing growth of the industry.
$BTC $BNB $ETH
#BNBecosystem #listings #CryptoEcosystems #newlistings #InvestorConfidence
The crypto market has experienced a significant surge in activity following the recent listing of new coins on leading exchanges, marking a pivotal moment for the digital asset ecosystem. The addition of new coins has triggered a wave of excitement and investor interest, contributing to heightened trading volumes and market momentum.
The introduction of these new coins, including various decentralized finance (DeFi) tokens and non-fungible tokens (NFTs), has expanded the investment landscape within the cryptocurrency market, providing investors with diverse opportunities to participate in emerging sectors. As a result, trading activity has intensified, driving up market capitalization and demonstrating a robust demand for these innovative digital assets.
Amidst the influx of new coins, industry experts have highlighted the potential for these listings to foster greater innovation and adoption within the crypto space. The introduction of DeFi tokens and NFTs has catalyzed discussions around the evolution of blockchain technology and its implications for disrupting traditional financial systems and creating new avenues for digital asset ownership.
This surge in market activity underscores the resilience and adaptability of the crypto market, as it continues to evolve and attract widespread interest from investors and enthusiasts. As the ecosystem expands with the addition of new coins, it is evident that the crypto market remains dynamic and responsive to emerging trends, offering opportunities for investors to engage with innovative digital assets and participate in the ongoing growth of the industry.
$BTC $BNB $ETH
#BNBecosystem #listings #CryptoEcosystems #newlistings #InvestorConfidence
Kazakhstan Blocks Coinbase Over Alleged Violation of New Cryptocurrency Laws
Reports have emerged that Coinbase, the prominent cryptocurrency exchange, has been blocked in Kazakhstan due to an alleged breach of the country's newly implemented digital asset regulations.
According to local media outlet Kursiv, the Ministry of Culture and Information of Kazakhstan confirmed that access to the Coinbase website has been officially restricted within the country's borders.
In accordance with Clause 5 of Article 11 of the Law on "Digital Assets," Kazakhstan prohibits the issuance, circulation, and trading of digital currencies, as well as the operations of crypto exchanges dealing in such assets outside of the Astana International Financial Center (AIFC).
The Ministry of Digital Development accused Coinbase of failing to comply with these regulations and submitted a request to block the website across internet service providers in the country.
This development underscores Kazakhstan's strict approach to overseeing cryptocurrencies and exchanges within its jurisdiction. The country introduced the digital assets law earlier this year and established licensing requirements for crypto trading platforms following an increase in mining activities following China's ban. Nevertheless, the licensing requirements have posed challenges for international exchanges like Coinbase.
As of now, Coinbase has not issued an official statement regarding this situation in Kazakhstan, and it remains uncertain whether the company was formally providing services in the country before the block.
$BTC $ETH $BNB
#NewsAlert #educational #CoinbaseControversy #CryptoCurrents #CryptocurrencyManagement
Reports have emerged that Coinbase, the prominent cryptocurrency exchange, has been blocked in Kazakhstan due to an alleged breach of the country's newly implemented digital asset regulations.
According to local media outlet Kursiv, the Ministry of Culture and Information of Kazakhstan confirmed that access to the Coinbase website has been officially restricted within the country's borders.
In accordance with Clause 5 of Article 11 of the Law on "Digital Assets," Kazakhstan prohibits the issuance, circulation, and trading of digital currencies, as well as the operations of crypto exchanges dealing in such assets outside of the Astana International Financial Center (AIFC).
The Ministry of Digital Development accused Coinbase of failing to comply with these regulations and submitted a request to block the website across internet service providers in the country.
This development underscores Kazakhstan's strict approach to overseeing cryptocurrencies and exchanges within its jurisdiction. The country introduced the digital assets law earlier this year and established licensing requirements for crypto trading platforms following an increase in mining activities following China's ban. Nevertheless, the licensing requirements have posed challenges for international exchanges like Coinbase.
As of now, Coinbase has not issued an official statement regarding this situation in Kazakhstan, and it remains uncertain whether the company was formally providing services in the country before the block.
$BTC $ETH $BNB
#NewsAlert #educational #CoinbaseControversy #CryptoCurrents #CryptocurrencyManagement
Kenyan Government Empowers Blockchain Association to Draft Groundbreaking Cryptocurrency Regulation Bill
The Kenyan government has taken a significant step towards regulating cryptocurrencies by instructing the Blockchain Association of Kenya (BAK) to spearhead the drafting of the country's inaugural comprehensive cryptocurrency regulation bill.
Following a summons by the Departmental Committee on Finance and National Planning on October 31, BAK’s representatives engaged in discussions about the regulation of digital assets. According to Allan Kakai, BAK's legal and policy director, the committee provided the association with a two-month timeframe to formulate the bill, citing concerns that Kenya risked losing capital inflows to other African countries with clearer crypto frameworks.
This directive represents the first instance of a Kenyan parliamentary committee assigning an industry association the task of drafting legislation for potential approval and review. Kakai emphasized that previous directives of this nature had never been issued to associations representing banks, fintech, or digital lenders in the past.
The move for legislation follows the introduction of a 3% tax on crypto transfers and exchanges under the Financial Act 2023 in September, a move fiercely contested by BAK earlier this year and currently being legally challenged in the High Court of Kenya.
Amidst a recent hardline stance on cryptocurrencies, some Kenyan officials have called for the suspension of the contentious digital ID crypto project Worldcoin over privacy concerns, despite it being co-founded by OpenAI CEO Sam Altman.
To keep pace with Nigeria, South Africa, and other African nations in formulating crypto regulations, the MPs have urged BAK to simplify digital assets and assist Kenya in becoming a trailblazer in the "Silicon Savannah." Additionally, the association has been tasked with prioritizing robust public education in its draft bill.
$BTC $BNB $ETH
#NewsAlert #CryptoCurrents #BlockchainMilestones #educational #BTC
The Kenyan government has taken a significant step towards regulating cryptocurrencies by instructing the Blockchain Association of Kenya (BAK) to spearhead the drafting of the country's inaugural comprehensive cryptocurrency regulation bill.
Following a summons by the Departmental Committee on Finance and National Planning on October 31, BAK’s representatives engaged in discussions about the regulation of digital assets. According to Allan Kakai, BAK's legal and policy director, the committee provided the association with a two-month timeframe to formulate the bill, citing concerns that Kenya risked losing capital inflows to other African countries with clearer crypto frameworks.
This directive represents the first instance of a Kenyan parliamentary committee assigning an industry association the task of drafting legislation for potential approval and review. Kakai emphasized that previous directives of this nature had never been issued to associations representing banks, fintech, or digital lenders in the past.
The move for legislation follows the introduction of a 3% tax on crypto transfers and exchanges under the Financial Act 2023 in September, a move fiercely contested by BAK earlier this year and currently being legally challenged in the High Court of Kenya.
Amidst a recent hardline stance on cryptocurrencies, some Kenyan officials have called for the suspension of the contentious digital ID crypto project Worldcoin over privacy concerns, despite it being co-founded by OpenAI CEO Sam Altman.
To keep pace with Nigeria, South Africa, and other African nations in formulating crypto regulations, the MPs have urged BAK to simplify digital assets and assist Kenya in becoming a trailblazer in the "Silicon Savannah." Additionally, the association has been tasked with prioritizing robust public education in its draft bill.
$BTC $BNB $ETH
#NewsAlert #CryptoCurrents #BlockchainMilestones #educational #BTC
Performance and market analysis of SOL/USD - 7th November,2023
As of November 7th, 2023, SOL (Solana) is exhibiting a bullish state in the crypto market. With a 52-week range of 7.99 - 46.84 and a day range of 39.90 - 42.25, SOL demonstrates stability and potential for growth. With a circulating supply of 561,946,422.59 and a market cap of $17.51B, SOL presents itself as a formidable player in the crypto space.
The 24-hour trading volume of 21.89M, equivalent to $910.20M, indicates active and consistent market participation, endorsing its current bullish momentum. This high volume suggests increased interest and confidence in SOL, reflecting a positive sentiment among investors.
The performance and market analysis of SOL against USD reinforce its bullish state. Notably, its market cap and trading volume indicate strong demand and liquidity, contributing to its upward price movement. Additionally, the stable 52-week range provides an underlying support level, offering reassurance to investors.
Moreover, the consistently high trading volume signifies sustained market interest, bolstering SOL's position in the market. This, combined with its market cap, indicates that SOL has the potential to attract further investment and maintain its bullish trend.
In conclusion, SOL (Solana) is currently experiencing a bullish state in the crypto market on November 7th, 2023. Its strong market performance, indicated by its 52-week range, market cap, and trading volume, positions it as an attractive investment opportunity with the potential for further growth.
$USDC $BTC $BNB
#MarketPotential #MarketObservation #Solana📈🚀🌐 #SolanaInsights #BullRunPredictions
As of November 7th, 2023, SOL (Solana) is exhibiting a bullish state in the crypto market. With a 52-week range of 7.99 - 46.84 and a day range of 39.90 - 42.25, SOL demonstrates stability and potential for growth. With a circulating supply of 561,946,422.59 and a market cap of $17.51B, SOL presents itself as a formidable player in the crypto space.
The 24-hour trading volume of 21.89M, equivalent to $910.20M, indicates active and consistent market participation, endorsing its current bullish momentum. This high volume suggests increased interest and confidence in SOL, reflecting a positive sentiment among investors.
The performance and market analysis of SOL against USD reinforce its bullish state. Notably, its market cap and trading volume indicate strong demand and liquidity, contributing to its upward price movement. Additionally, the stable 52-week range provides an underlying support level, offering reassurance to investors.
Moreover, the consistently high trading volume signifies sustained market interest, bolstering SOL's position in the market. This, combined with its market cap, indicates that SOL has the potential to attract further investment and maintain its bullish trend.
In conclusion, SOL (Solana) is currently experiencing a bullish state in the crypto market on November 7th, 2023. Its strong market performance, indicated by its 52-week range, market cap, and trading volume, positions it as an attractive investment opportunity with the potential for further growth.
$USDC $BTC $BNB
#MarketPotential #MarketObservation #Solana📈🚀🌐 #SolanaInsights #BullRunPredictions
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