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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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📉 BREAKING: $240,000,000 worth BTC SENT TO COINBASE EXCHANGE by US GOVERNMENT 📈 The United States government transferred 3,940 Bitcoin to a Coinbase Prime wallet on June 26, as per onchain data from Arkham Intelligence. This transaction took place at 5:00 pm UTC and involves Bitcoin seized from convicted drug trafficker Banmeet Singh. 🚔 Case Background: 👮‍♂ Banmeet Singh: Singh was arrested in London in 2019 on drug distribution charges and extradited to the U.S. in 2023. From 2012 to 2017, he ran a narcotics smuggling network with distributors across multiple states. 🪙 Bitcoin Seizure: As part of his sentencing, Singh was forced to surrender over 8,100 Bitcoin, worth approximately $150 million at the time. The U.S. DEA termed this as their largest cryptocurrency seizure. 🕵‍♂ Current Status: Singh was sentenced to five years in prison in April 2024 but has been released due to time served. He plans to return to India following his release. 💰 Sell-Off Concerns: The Bitcoin market is jittery over potential government sell-offs impacting prices. Recently, the German government was reportedly unloading Bitcoin worth around $2.76 billion. 🗂 Government Holdings: Arkham data shows the U.S. government currently owns about 214,000 Bitcoin valued at around $13 billion, making it the largest state holder in their database. 🏦 Mt. Gox Liquidation: Investor fears are further stoked by the Mt. Gox bankruptcy estate beginning the process of unloading 140,000 Bitcoin to reimburse victims of the 2014 collapse. 📉 Exchange Balances: Despite these sell-off fears, exchange balances are at six-year lows, counterbalancing potential price declines. 📉 Bitcoin Price Watch: The transfer of seized Bitcoin to an exchange typically signals a potential sell-off, which could impact prices. IMPORTANT FOR YOU: Watch out for potential huge dumps that could crash the BTC price! Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE to stay updated on Bitcoin matters! #btc #Bitcoincrashcandle #markettrends #bearish #warning $BTC $ETH $BNB
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💯AMAZING NEWS: BLOCKCHAIN TO UNITE LOYALTY PROGRAMS💯 Loyalty programs have evolved from physical tokens to digital apps, but fragmentation remains. Customers often end up with points spread across multiple services, making it difficult to redeem them. 🌐 Milk Alliance Inc. aims to solve this with blockchain technology. CEO Aria Oh explains how their platform, MiL.k, connects various services in travel, shopping, & entertainment, allowing users to exchange and & use loyalty points seamlessly. 🔒 Security and Integrity: Aria highlights that blockchain ensures the security and transparency of loyalty transactions, preventing fraud and unauthorized access. 💡 Tokenization: Blockchain can tokenize loyalty points, making them easily transferable between different services without post-settlement hassles. Users can benefit from cashing out these tokens on top exchanges. 🌍 Global Infrastructure: Blockchain also serves as a global infrastructure, helping companies expand into new markets securely. By sharing mileage point information on a reliable blockchain, businesses can maintain data credibility. 🎮 Gamification in the Metaverse: MiL.k has partnered with The Sandbox, a popular metaverse platform, to integrate real-world brands into virtual spaces. This allows traditional businesses to engage with global audiences via Web3. 👉 WHY THIS IS EXCITING: 👈 I started building Bonuz almost 3 years ago. We're on a similar mission as MiL.k and this just shows me that we're 100% on the right path. If MiL.k makes sense to you, you will LOVE Bonuz, as we're going a few steps further! Our gamification features transition into the real world, creating REAL WORLD VALUE to users and businesses. Complete real-life quests, claim vouchers and get rewarded in different ways! If this sounds interesting, make sure to visit our page bonuz. xyz for more info! Matthias Mende #startup #web3 #loyaltyprograms #web3startup #bonuz $BTC $ETH $SOL
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🚨 ETHEREUM COULD DROP 30% AFTER SPOT ETF LAUNCH 🚨 💥 Mechanism Capital's Andrew Kang warns that Ether (ETH) might drop to $2,400 following the launch of spot Ether ETFs, a nearly 30% decrease from its current price of $3,410. 🔍 Less Institutional Interest: Kang argues that, unlike Bitcoin, Ether doesn't attract much institutional interest. He believes there are limited incentives to convert spot Ether into ETFs, and the network's cash flows haven't impressed investors. 🗨 Kang's Prediction: “How much upside would an ETH ETF provide? I would argue not much,” Kang stated in a June 23 X post. He predicts Ether could fall to a range of $2,400 to $3,000 after the ETF launch. 📉 Market Context: Ether had previously surged to over $4,000 in March, coinciding with Bitcoin reaching new all-time highs. However, the anticipated ETF impact may not match these previous highs. 📊 Smaller Flows Compared to Bitcoin ETFs: Kang estimates that spot Ether ETFs will attract only 15% of the flows seen by spot Bitcoin ETFs. Extrapolating from Bitcoin's $5 billion inflow in the first six months, this suggests a mere $840 million for Ether ETFs over the same period. 🔮 Divergent Opinions: Not all analysts agree with Kang. Patrick Scott, known as Dynamo DeFi, expects a directional movement similar to Bitcoin ETFs but doesn't foresee Ether's price doubling. Meanwhile, VanEck predicts spot Ether ETFs could drive Ether to $22,000 by 2030. 🛠 Real-World Asset Tokenization: While institutions like BlackRock are exploring asset tokenization on Ethereum, Kang is skeptical about its immediate impact on Ether’s price. 📉 ETH/BTC Ratio: Kang predicts the ETH/BTC price ratio could drop from 0.054 to as low as 0.035 over the next year. However, he also suggests that a Bitcoin rally to $100,000 could pull Ether to a new all-time high. Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE to stay updated on the topic! #ethereum #etf #spotetf #eth #blackrock $ETH $BTC $PEPE
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🚀 BITCOIN EYES $90,000 BREAKOUT, ANALYSTS SAY 🚀 📈 Prepping for a Surge: Bitcoin is setting the stage for a significant breakout, with two classic indicators hinting at a bullish continuation. 🔍 Key Weekly Close: Renowned trader Roman has highlighted crucial signals on X, suggesting BTC is poised for a major move. Despite a lackluster June, Bitcoin’s higher timeframes indicate a promising outlook. Consolidation Phase: Some analysts argue that Bitcoin's current price action is typical bull market behavior, characterized by consolidation below all-time highs, a phase that could last several months. Bullish Divergence: Roman points out that Bitcoin is forming a third bullish divergence between price and the Relative Strength Index (RSI). Coupled with tightening Bollinger Bands, this setup could trigger substantial volatility. 🧐 Potential Upside: Roman’s analysis indicates that once volatility builds, BTC could surge well into new all-time high territory. He emphasized the importance of the weekly close, stating, "We are forming more bullish continuation indications on HTF. Once volatility is built, we can finally full send to $90K+." Bulls Stay Hopeful: Cointelegraph’s previous reports noted that other bullish BTC price predictions are struggling to meet timelines. For instance, an $80,000 target for June is unlikely with just a week left. However, a separate prediction from May sees BTC hitting $95,000 in a rapid breakout. Now, we have 2 different currents. Some sources say Bitcoin is headed towards $50k before breakout, other sources say we're already preparing for the $90k. The good thing both waves have in common: They're both talking about an upward trend in the long run, so I guess HODLERS can only win! Matthias Mende out! #btc #bitcoin #bitcoinpricealert #PricePredictions2024 #markettrends $BTC  $ETH  $BNB
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🚨 UAE’S NEW REGULATIONS MAY BAN CRYPTO PAYMENTS, LAWYER WARNS 🚨 🛑 Potential Ban: The UAE's new regulations might spell trouble for crypto payments, suggests crypto and blockchain lawyer Irina Heaver. This policy shift could create a less welcoming environment for crypto in the UAE. 🔄 Regulatory Shift: On June 5, the Central Bank of the United Arab Emirates (CBUAE) board discussed new financial infrastructure projects, including regulations for payment token services. These guidelines mandate that payment tokens must be backed by UAE dirhams and can't be linked to other currencies. Crypto Payment Ban: Heaver told Cointelegraph that these rules essentially prohibit the use of cryptocurrencies for payments within the country. She noted, "The CBUAE is prohibiting the acceptance of cryptocurrencies for goods and services unless they are licensed dirham payment tokens or registered foreign payment tokens, neither of which currently exist." ⚖ Contradicting Policies: This new development appears to clash with the UAE’s historically pro-commerce and pro-investment stance. Heaver emphasized, “Historically, the UAE has thrived on foreign direct investment due to its liberal policies, including the absence of capital controls and the allowance for freedom of contract under the commercial law.” 💸 Economic Impact: Heaver is concerned about the impact on foreign investment inflow and the alignment with the country’s economic principles. She highlighted Tether (USDT) as a crucial component in Web3 and crypto transactions, noting that the ban on stablecoins could hinder the sector's progress. 🚫 Unfavorable Environment: “This policy shift could signal a less favorable environment for the crypto industry, which is not beneficial for the UAE’s image or its ambitions in the digital economy,” Heaver added. What do you think about this news? I hope it's not true! Drop a comment and follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #uae #blockchain #dubai #crypto #cryptopayments $BTC $ETH $SHIB
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