The $1000SATS chart has been looking healthy since its listing on #binance The price appears to be pulling back, and I'm eyeing the support level between 0.0007148 and 0.0007620 for my entry. If it doesn't reach that level, I plan to set a buy stop just above the key resistance level at 0.0009273
🚨🚨Just in India Takes Action Against Offshore Crypto Exchanges Under Money Laundering Act Binance and others
In a significant move, the Indian government has issued compliance show cause notices to nine offshore cryptocurrency exchanges. These notices, served under the Prevention of Money Laundering Act (PMLA), have been initiated by the Financial Intelligence Unit (FIU) of India's Finance Ministry. The targeted exchanges include major players like Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
The government's stance is clear: it intends to block the URLs of these entities, accusing them of operating illegally in India without adhering to the PMLA requirements. This action is part of India's broader efforts to integrate the burgeoning cryptocurrency sector with its traditional finance system.
Since March, the Indian government has mandated that all crypto businesses must register with the FIU. This requirement is a part of the country's stringent anti-money laundering measures, which also include compliance with Know Your Customer (KYC) processes. Notably, this obligation is based on the nature of the business activities rather than the physical presence of these entities in India.
Despite these regulations, several offshore crypto exchanges, which cater to a substantial Indian user base, have not registered. They are also accused of failing to comply with the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework, leading to this current government action.
The specific details regarding the timeframe for compliance and the consequences of non-compliance remain uncertain. This situation is unprecedented in India, as there are no crypto-specific precedents for such action. However, to date, 31 entities have successfully registered with the FIU. The issuance of these notices signals a push for more rigorous enforcement and regulation in the cryptocurrency space, especially concerning foreign entities operating in the Indian market.
The recent surge in Binance Coin (BNB) price, breaking $300, can be attributed to several factors:1. Announcement of Sleepless AI Launch:The announcement of the Sleepless AI launch on the Binance Launchpool significantly influenced investor sentiment. This new Web3+AI gaming platform will allow Binance traders to farm Sleepless AI tokens by staking BNB and other tokens, with the token being listed on Binance for various trading pairs.Source: Coinchapter 2. Bullish 2024 Roadmap:Binance's bullish
Here's my setup on $MEME #MemecoinMadness to potentially make a 50% to 100% profit.
The price of #memecoin is currently, as of the time of writing this, testing a support level. In my opinion, if you look at the support, it has been touched many times, which shows weakness. Additionally, there seems to be #liquidity below it, so the market may attempt to manipulate and hunt stop-loss orders before going up. I've also identified a demand zone, which could possibly serve as a buying zone. #NFA✅ #dyor .
Revolutionizing Digital Collectibles: The Emergence of Bitcoin Ordinals and Inscriptions
Introduction to a New EraIn January 2023, the Bitcoin blockchain witnessed a groundbreaking evolution with the introduction of Bitcoin Ordinals, a novel method for generating non-fungible tokens (NFTs) through a process known as inscribing. This innovative concept allows users to embed diverse forms of data, including images, text, and videos, directly onto the Bitcoin blockchain, marking each satoshi – the smallest unit of Bitcoin – as unique.Inscriptions: The Heart of OrdinalsBitcoin inscripti
In just two days, $ORDI has risen from around $50 to over $80, and is now experiencing a slight retracement. The pump coincided with the break of the Triangle pattern. Currently, it appears to be retesting the broken trend line, which also aligns with the 61% Fib level. This zone, between $57 and $62. Might be a good buying opportunity. TP1 at $86 TP2 at $109
The Secret Power of Head and Shoulders Patterns in Crypto Trading
Head and Shoulders: The Bearish HeraldThe Head and Shoulders pattern is a harbinger of a potential trend reversal from bullish to bearish. It's easily spotted: look for three peaks on a chart, with the middle peak (the head) outstripping the flanking ones (the shoulders). A critical component of this pattern is the 'neckline,' drawn along the lows of the peaks. The pattern typically completes when the price falls below this neckline after forming the right shoulder.This formation is lauded for i