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š The Untold Story of Cryptocurrency: From Zero to Hero
#CryptoUsersHit18M
š” "Once upon a time, in 2008..."
The worldās financial system crashed. People lost jobs, trust, and savings overnight. But amid the chaos, an anonymous figureāSatoshi Nakamotoādropped an idea that would shake the very foundation of money: Bitcoin.
š "Digital Money With No Banks?"
No governments. No middlemen. Just a peer-to-peer network where YOU are in charge of your money. Crazy, right? Yet, in 2009, the first Bitcoin transaction happened, and a revolution began.
šÆ But It Didnāt Stop There
Fast forward to today:
Ethereum gave us smart contractsāself-executing deals with no lawyers.
NFTs turned memes, art, and music into million-dollar digital assets.
Altcoins like Solana, Cardano, and Ripple joined the race to change finance forever.
š° From $0 to $1 Trillion+ Industry
In 2010, 2 pizzas were bought for 10,000 BTC (now worth over $600 million). By 2021, Bitcoin hit $60,000. Today, crypto is not just currency; itās the future of investing, gaming, art, and even identity.
š OshFinance: Bridging You to the Future of Finance
While crypto paved the path for financial freedom, it can still feel complex. Thatās where OshFinance comes in. The OshFinance app simplifies your journey:
š Easy access to crypto and fiat savings with high yields (21% APY for fiat, 23% APY for crypto).
š Global services integration for seamless investing and trading.
š Secure, user-friendly transactions to manage your crypto and unlock opportunities without the hassle.
OshFinance is designed to help YOU navigate the new financial frontierāempowering you to make the most of this revolution.
š„ But Hereās the Big Question:
Will crypto replace banks? Or is it just a bubble waiting to burst?
š Whatās Your Take? Drop your thoughts in the comments. Letās talk!š
#cryptonewsdaily #bitcoinnews #cryptonewstoday #trendingpost
š” "Once upon a time, in 2008..."
The worldās financial system crashed. People lost jobs, trust, and savings overnight. But amid the chaos, an anonymous figureāSatoshi Nakamotoādropped an idea that would shake the very foundation of money: Bitcoin.
š "Digital Money With No Banks?"
No governments. No middlemen. Just a peer-to-peer network where YOU are in charge of your money. Crazy, right? Yet, in 2009, the first Bitcoin transaction happened, and a revolution began.
šÆ But It Didnāt Stop There
Fast forward to today:
Ethereum gave us smart contractsāself-executing deals with no lawyers.
NFTs turned memes, art, and music into million-dollar digital assets.
Altcoins like Solana, Cardano, and Ripple joined the race to change finance forever.
š° From $0 to $1 Trillion+ Industry
In 2010, 2 pizzas were bought for 10,000 BTC (now worth over $600 million). By 2021, Bitcoin hit $60,000. Today, crypto is not just currency; itās the future of investing, gaming, art, and even identity.
š OshFinance: Bridging You to the Future of Finance
While crypto paved the path for financial freedom, it can still feel complex. Thatās where OshFinance comes in. The OshFinance app simplifies your journey:
š Easy access to crypto and fiat savings with high yields (21% APY for fiat, 23% APY for crypto).
š Global services integration for seamless investing and trading.
š Secure, user-friendly transactions to manage your crypto and unlock opportunities without the hassle.
OshFinance is designed to help YOU navigate the new financial frontierāempowering you to make the most of this revolution.
š„ But Hereās the Big Question:
Will crypto replace banks? Or is it just a bubble waiting to burst?
š Whatās Your Take? Drop your thoughts in the comments. Letās talk!š
#cryptonewsdaily #bitcoinnews #cryptonewstoday #trendingpost
Gina Mcclennan F52a:
amazing projects keep it up bro š
#bitcoinnews - Bitcoin Technical Outlook: Candlestick Patterns Suggest Bullish Continuation is Possible in Q2. #decentrajoint #BTC #crypto2023 #dyor
Tomorrow 8 AM UTC, 93.7K $BTC are set to expire on Deribit with a notional value of $3.73 billion.
Max pain price $41,000, put/call ratio: 0.52
#BTC/Update #bitcoinnews #CryptoUpdate #cryptonews
Max pain price $41,000, put/call ratio: 0.52
#BTC/Update #bitcoinnews #CryptoUpdate #cryptonews
BREAKING
Ark Invest has sold its remaining shares in the Grayscale #Bitcoin Trust.
#bitcoinETFs #bitcoinnews $BTC #BTC
Ark Invest has sold its remaining shares in the Grayscale #Bitcoin Trust.
#bitcoinETFs #bitcoinnews $BTC #BTC
This post is for you if you are a cryptocurrency enthusiast!
After every four years, Bitcoin halving takes place. Bitcoin halving means the supply of new Bitcoins is cut in half, making the supply short and the demand high, ultimately leading to an increase in price. This time, halving will occur in April 2024. With the increase in the price of Bitcoin, all cryptocurrency prices will rise alongside it. These price increases will start from April 2024 and continue until April 2025. This is commonly known as Bull Run in Crypto market Terminologies. So, this is the best time to enter the crypto market.
Note: This post is for educational purposes only and not financial advice. Remember, before making any investment, do your own study and research.
#bullrun #BitcoinHalwing #bitcoinnews
After every four years, Bitcoin halving takes place. Bitcoin halving means the supply of new Bitcoins is cut in half, making the supply short and the demand high, ultimately leading to an increase in price. This time, halving will occur in April 2024. With the increase in the price of Bitcoin, all cryptocurrency prices will rise alongside it. These price increases will start from April 2024 and continue until April 2025. This is commonly known as Bull Run in Crypto market Terminologies. So, this is the best time to enter the crypto market.
Note: This post is for educational purposes only and not financial advice. Remember, before making any investment, do your own study and research.
#bullrun #BitcoinHalwing #bitcoinnews
šØšØšØšØšØšØšØšØšØšØšØšØšØšØšØšØšØ
#BitcoinĀ News: Use Sources You Trust. #bitcoinnews
#BitcoinĀ News: Use Sources You Trust. #bitcoinnews
Spot XRP ETF Approval Wouldn't Be Easy as Spot Bitcoin ETF
Approval of Spot XRP ETF Seems To Be Challenging
On January 10, the Securities and Exchange Commission (SEC) granted approval for all 11 spot Bitcoin Exchange-Traded Funds (ETFs), leading to increased speculation about the potential approval of other cryptocurrency spot ETFs. There is growing anticipation that Ethereum and XRP ETFs might also receive approval in the near future.
Recent reports suggest that approval for these cryptocurrency ETFs could materialize by April 2024. However, experts caution that not all cryptocurrency ETFs may necessarily receive regulatory approval.
Challenges for XRP ETF Approval Amid Ripple-SEC LegalĀ Battle
According to Coingabbar, while approval for a spot Ethereum ETF seems likely, obtaining approval for a spot XRP ETF is considered quite challenging. This difficulty is attributed to the ongoing legal dispute between Ripple and the SEC.
The partial victory secured by Ripple in July, where the court ruled that XRP is not a security if not sold to institutional buyers, has implications for the ongoing case. The trial is scheduled for April 23.
Rippleās CEO, Brad Garlinghouse, expresses optimism about the approval of spot XRP ETFs following the SECās recent approval of all 11 spot Bitcoin ETFs. Garlinghouse is confident that the SEC will grant approval for spot XRP ETFs in the coming days.
Spot Ethereum ETF Approval Expected, Ripple CEO Foresees Next Cryptocurrency ETF
Garlinghouse not only holds optimism for XRP but also believes that a spot Ethereum ETF will be the next cryptocurrency ETF to receive approval after #Bitcoin ($BTC).
The SECās approval of spot Bitcoin ETFs is seen as a crucial regulatory validation for the cryptocurrency market. It instills confidence in investors and paints a promising future for the overall cryptocurrency market.
Visit: CoinGabbar
#BTCETF #bitcoinnews #cryptocurrency
On January 10, the Securities and Exchange Commission (SEC) granted approval for all 11 spot Bitcoin Exchange-Traded Funds (ETFs), leading to increased speculation about the potential approval of other cryptocurrency spot ETFs. There is growing anticipation that Ethereum and XRP ETFs might also receive approval in the near future.
Recent reports suggest that approval for these cryptocurrency ETFs could materialize by April 2024. However, experts caution that not all cryptocurrency ETFs may necessarily receive regulatory approval.
Challenges for XRP ETF Approval Amid Ripple-SEC LegalĀ Battle
According to Coingabbar, while approval for a spot Ethereum ETF seems likely, obtaining approval for a spot XRP ETF is considered quite challenging. This difficulty is attributed to the ongoing legal dispute between Ripple and the SEC.
The partial victory secured by Ripple in July, where the court ruled that XRP is not a security if not sold to institutional buyers, has implications for the ongoing case. The trial is scheduled for April 23.
Rippleās CEO, Brad Garlinghouse, expresses optimism about the approval of spot XRP ETFs following the SECās recent approval of all 11 spot Bitcoin ETFs. Garlinghouse is confident that the SEC will grant approval for spot XRP ETFs in the coming days.
Spot Ethereum ETF Approval Expected, Ripple CEO Foresees Next Cryptocurrency ETF
Garlinghouse not only holds optimism for XRP but also believes that a spot Ethereum ETF will be the next cryptocurrency ETF to receive approval after #Bitcoin ($BTC).
The SECās approval of spot Bitcoin ETFs is seen as a crucial regulatory validation for the cryptocurrency market. It instills confidence in investors and paints a promising future for the overall cryptocurrency market.
Visit: CoinGabbar
#BTCETF #bitcoinnews #cryptocurrency
**#bitcoinnews Potential Price Surge to $145,000 by 2025**
The crypto market has always been a point of interest, and there's good news for investors. A recent macroeconomic analysis suggests that the price of Bitcoin could reach $145,000 by 2025. What makes this prediction intriguing? Let's delve into the key points.
**Positive Economic Growth**: Recent economic data indicates stronger-than-expected economic growth, with Q3 GDP reaching 4.9%, surpassing expectations.
**Crypto Catalysts**: Several catalysts, especially the approval of a Bitcoin ETF by the SEC and the upcoming Bitcoin halving in April 2024, can drive crypto prices.
**Investment Advice**: The article advises investors to increase their crypto exposure to around 70-75% of their investment portfolio, with some reserves in USD to cushion against potential market downturns.
**2025 Price Target**: The article also provides a price estimate for 2025, with Bitcoin expected to have a value between $110,000 and $145,000. Ethereum and Solana are also expected to experience significant price increases.
However, it's crucial to remember that crypto investments come with risks. Investment decisions should always be made after careful consideration and research. Happy investing!
The crypto market has always been a point of interest, and there's good news for investors. A recent macroeconomic analysis suggests that the price of Bitcoin could reach $145,000 by 2025. What makes this prediction intriguing? Let's delve into the key points.
**Positive Economic Growth**: Recent economic data indicates stronger-than-expected economic growth, with Q3 GDP reaching 4.9%, surpassing expectations.
**Crypto Catalysts**: Several catalysts, especially the approval of a Bitcoin ETF by the SEC and the upcoming Bitcoin halving in April 2024, can drive crypto prices.
**Investment Advice**: The article advises investors to increase their crypto exposure to around 70-75% of their investment portfolio, with some reserves in USD to cushion against potential market downturns.
**2025 Price Target**: The article also provides a price estimate for 2025, with Bitcoin expected to have a value between $110,000 and $145,000. Ethereum and Solana are also expected to experience significant price increases.
However, it's crucial to remember that crypto investments come with risks. Investment decisions should always be made after careful consideration and research. Happy investing!
šØ BITCOIN ACTIVITY DROPS TO LOWEST LEVEL SINCE 2010 šØ
š Bitcoin wallet activities have dropped, reaching their lowest levels since November 2010, according to onchain data from IntoTheBlock. The lack of retail participation and the rise of celebrity memecoins are diverting speculators away from established cryptocurrencies like Bitcoin.
Juan Pellicer, a senior researcher at IntoTheBlock, attributes this decline to weaker retail participation compared to past cycles. āThis yearās run to a new all-time high was driven by institutional capital instead of retail investors,ā Pellicer told Cointelegraph.
He suggests that the broader economic situation may have led to fewer retail investments in crypto this year.
š Whale Movements and Market Trends
ā The decrease in activity comes as investors prepare for increased whale movements, including the Mt. Gox trusteeās planned distributions to creditors in July. Larger holders, including some linked to governments, have also been observed selling off Bitcoin.
š® The Impact of Runes and Miners
š Despite the introduction of Runes, a fungible token protocol aimed at providing an alternative revenue stream for miners, the activity has cooled off. While Runes initially boosted trading fees for miners on the halving day, transaction fees have since returned to pre-halving levels.
Pellicer emphasizes that the lull in activity is likely temporary due to the cyclical nature of such assets.
š” The Rise of Memecoins and Celebrity Tokens
š Recent attention in the crypto space has shifted towards memecoins and celebrity tokens, which are attracting speculators seeking larger gains. Although Bitcoin is known for its volatility, its current state is relatively stable compared to the wild swings seen in lower cap memecoins.
What do you think about this situation?
Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder
#celebritytoken #celebrities #bitcoin #marketanalysis #bitcoinnews
$BTC Ā $ETH Ā $BNB
š Bitcoin wallet activities have dropped, reaching their lowest levels since November 2010, according to onchain data from IntoTheBlock. The lack of retail participation and the rise of celebrity memecoins are diverting speculators away from established cryptocurrencies like Bitcoin.
Juan Pellicer, a senior researcher at IntoTheBlock, attributes this decline to weaker retail participation compared to past cycles. āThis yearās run to a new all-time high was driven by institutional capital instead of retail investors,ā Pellicer told Cointelegraph.
He suggests that the broader economic situation may have led to fewer retail investments in crypto this year.
š Whale Movements and Market Trends
ā The decrease in activity comes as investors prepare for increased whale movements, including the Mt. Gox trusteeās planned distributions to creditors in July. Larger holders, including some linked to governments, have also been observed selling off Bitcoin.
š® The Impact of Runes and Miners
š Despite the introduction of Runes, a fungible token protocol aimed at providing an alternative revenue stream for miners, the activity has cooled off. While Runes initially boosted trading fees for miners on the halving day, transaction fees have since returned to pre-halving levels.
Pellicer emphasizes that the lull in activity is likely temporary due to the cyclical nature of such assets.
š” The Rise of Memecoins and Celebrity Tokens
š Recent attention in the crypto space has shifted towards memecoins and celebrity tokens, which are attracting speculators seeking larger gains. Although Bitcoin is known for its volatility, its current state is relatively stable compared to the wild swings seen in lower cap memecoins.
What do you think about this situation?
Drop a comment below and stay updated with @Professor Mende - Bonuz Ecosystem Founder
#celebritytoken #celebrities #bitcoin #marketanalysis #bitcoinnews
$BTC Ā $ETH Ā $BNB
Bitcoin Surpasses Saudi Aramco in Market Cap: Next Target Amazon?
Bitcoin Market Cap Surpasses Saudi Aramco: Google and Amazon Next?
Bitcoin has once again captured the spotlight with its remarkable bullish rally. Over the past eight days, the cryptocurrency has broken all-time highs seven times, pushing its market cap to $1.809 trillion. This achievement places Bitcoin ahead of Saudi Aramco, the oil giant valued at $1.79 trillion, marking a significant milestone in Bitcoin's journey.
Source: Companies Market CapĀ
At the time of writing, the Bitcoin price is trading at $91,347.99, following an intraday surge of 3.78%. With a market cap of $1.81 trillion and a 24-hour trading volume of $73.65 billion,Ā Bitcoin's rise to the 7th largest assetĀ globally is capturing widespread attention. This surge fuels speculation about whether Bitcoin could one day overtake gold, which holds a market cap of approximately $17 trillion.
Amazon and Google: The Next Targets?
As Bitcoin continues its climb, the next targets for the cryptocurrency are Alphabet (Google) and Amazon. Alphabet currently has a market cap of $2.1 trillion, and Bitcoin would need to rally 23% from its current value to surpass it. Similarly, Amazon, with a market cap just $0.1 trillion higher than Google, would require a 29% rally for Bitcoin to overtake it.
Above these companies are NVIDIA, valued at $3.6 trillion, and gold, the world's most valuable precious metal. To surpass gold, Bitcoin's market cap would need to increase by more than 900%. While this may seem ambitious, Bitcoin's trajectory suggests it could challenge these traditional giants of global finance and commodities.
Bitcoin Price Prediction and FutureĀ
Bitcoin's recent performanceĀ has led to various price predictions for the future. By 2025, experts predict the Bitcoin price could range from $120,000 to $180,000. This forecast is driven by post-halving effects, increased adoption, regulatory clarity, and ongoing institutional interest in BTC as a long-term asset. Looking further ahead to 2030, Bitcoin's value could soar between $300,000 and $500,000, solidifying its role as a global store of value and integrating into the financial system like digital gold.
ConclusionĀ
Bitcoin's explosive growth and market cap surpassing Saudi Aramco are testaments to its increasing recognition as a valuable asset. As Bitcoin aims for the likes of Google and Amazon, the cryptocurrency's future looks promising, with significant potential for further growth and adoption in the coming years.
Visit: CoinGabbar
#Bitcoin #bitcoinnews #cryptonews #coingabbar
Bitcoin has once again captured the spotlight with its remarkable bullish rally. Over the past eight days, the cryptocurrency has broken all-time highs seven times, pushing its market cap to $1.809 trillion. This achievement places Bitcoin ahead of Saudi Aramco, the oil giant valued at $1.79 trillion, marking a significant milestone in Bitcoin's journey.
Source: Companies Market CapĀ
At the time of writing, the Bitcoin price is trading at $91,347.99, following an intraday surge of 3.78%. With a market cap of $1.81 trillion and a 24-hour trading volume of $73.65 billion,Ā Bitcoin's rise to the 7th largest assetĀ globally is capturing widespread attention. This surge fuels speculation about whether Bitcoin could one day overtake gold, which holds a market cap of approximately $17 trillion.
Amazon and Google: The Next Targets?
As Bitcoin continues its climb, the next targets for the cryptocurrency are Alphabet (Google) and Amazon. Alphabet currently has a market cap of $2.1 trillion, and Bitcoin would need to rally 23% from its current value to surpass it. Similarly, Amazon, with a market cap just $0.1 trillion higher than Google, would require a 29% rally for Bitcoin to overtake it.
Above these companies are NVIDIA, valued at $3.6 trillion, and gold, the world's most valuable precious metal. To surpass gold, Bitcoin's market cap would need to increase by more than 900%. While this may seem ambitious, Bitcoin's trajectory suggests it could challenge these traditional giants of global finance and commodities.
Bitcoin Price Prediction and FutureĀ
Bitcoin's recent performanceĀ has led to various price predictions for the future. By 2025, experts predict the Bitcoin price could range from $120,000 to $180,000. This forecast is driven by post-halving effects, increased adoption, regulatory clarity, and ongoing institutional interest in BTC as a long-term asset. Looking further ahead to 2030, Bitcoin's value could soar between $300,000 and $500,000, solidifying its role as a global store of value and integrating into the financial system like digital gold.
ConclusionĀ
Bitcoin's explosive growth and market cap surpassing Saudi Aramco are testaments to its increasing recognition as a valuable asset. As Bitcoin aims for the likes of Google and Amazon, the cryptocurrency's future looks promising, with significant potential for further growth and adoption in the coming years.
Visit: CoinGabbar
#Bitcoin #bitcoinnews #cryptonews #coingabbar
ā Colorado Church Tokenizes $2.5M Chapel
In what could be the worldās first tokenized church, the āColorado House of Prayerā has embarked on an innovative mission to purchase its $2.5 million chapel by leveraging blockchain technology. Led by Pastor Blake Bush, this bold move intertwines faith with finance, aiming to secure the Old Stone Church through a unique digital asset offering.
The church, guided by Pastor Bushās spiritual vision, has introduced āStone Coin,ā a blockchain-based token designed to raise funds for the purchase of their historic building. This 11,457-square-foot chapel, known for its stone exterior, was acquired by its current owner for $2.2 million in 2022. Now, the church group plans to reclaim it through a digital asset tied to real estate, operating on the Polymesh private blockchain.
Pastor Bush attributes the idea to a divine revelation, recounting how he felt called to ātokenize the buildingā during a moment of prayer. This modern twist on a traditional capital campaign represents a fusion of faith and technology, with the pastor describing it as a mission directed by God to āgo get my house.ā
As the church raises funds, theyāve already garnered about half of their $2.5 million goal. Moving forward, the tokenās board, including Bush and other local leaders, plans to expand sales beyond the congregation, potentially to any interested investors.
While some might worry about the risks of external ownershipālike a hypothetical scenario where non-believers or even Satanists could acquire a significant stakeāBush remains unfazed. His response? āLetās introduce you to Jesus.ā
what's your opinion on combining blockchain and religion?
#religion #bitcoin #tokenization #cryptonews #bitcoinnews $BTC
In what could be the worldās first tokenized church, the āColorado House of Prayerā has embarked on an innovative mission to purchase its $2.5 million chapel by leveraging blockchain technology. Led by Pastor Blake Bush, this bold move intertwines faith with finance, aiming to secure the Old Stone Church through a unique digital asset offering.
The church, guided by Pastor Bushās spiritual vision, has introduced āStone Coin,ā a blockchain-based token designed to raise funds for the purchase of their historic building. This 11,457-square-foot chapel, known for its stone exterior, was acquired by its current owner for $2.2 million in 2022. Now, the church group plans to reclaim it through a digital asset tied to real estate, operating on the Polymesh private blockchain.
Pastor Bush attributes the idea to a divine revelation, recounting how he felt called to ātokenize the buildingā during a moment of prayer. This modern twist on a traditional capital campaign represents a fusion of faith and technology, with the pastor describing it as a mission directed by God to āgo get my house.ā
As the church raises funds, theyāve already garnered about half of their $2.5 million goal. Moving forward, the tokenās board, including Bush and other local leaders, plans to expand sales beyond the congregation, potentially to any interested investors.
While some might worry about the risks of external ownershipālike a hypothetical scenario where non-believers or even Satanists could acquire a significant stakeāBush remains unfazed. His response? āLetās introduce you to Jesus.ā
what's your opinion on combining blockchain and religion?
#religion #bitcoin #tokenization #cryptonews #bitcoinnews $BTC
šāØ The Bitcoin Rollercoaster Chronicles šš„
2012 | $12 | "Who cares"
2013 | $126 | "Too risky"
2014 | $567 | "Too risky"
2017 | $1,603 | "Too late"
2019 | $6,579 | "Too late"
2021 | $69,175 | "Too late"
2023 | $38,583 | "Too risky"
š® The #Bitcoin Saga: Where skeptics become FOMO believers!
#BTC #bitcoinnews #BitcoinETFš°š°š° #BitcoinPrice2024
2012 | $12 | "Who cares"
2013 | $126 | "Too risky"
2014 | $567 | "Too risky"
2017 | $1,603 | "Too late"
2019 | $6,579 | "Too late"
2021 | $69,175 | "Too late"
2023 | $38,583 | "Too risky"
š® The #Bitcoin Saga: Where skeptics become FOMO believers!
#BTC #bitcoinnews #BitcoinETFš°š°š° #BitcoinPrice2024
š·šŗ Russia Legalizes Crypto Mining!!!
Russia has taken a significant step in embracing cryptocurrency with the State Duma passing two pivotal laws. The first law, set to take effect on November 1, 2024, fully legalizes cryptocurrency mining in the country. Legal entities and registered entrepreneurs will be allowed to engage in mining activities, while those not registered can only operate mining rigs if they do not exceed certain energy consumption limits. Oversight of mining activities will be shared among various institutions, with the Bank of Russia holding considerable authority.
Miners will be required to report their digital currency earnings to a government-authorized body. This law also introduces a ban on advertising cryptocurrencies and offering them to the general public. The Russian government, in agreement with the Bank of Russia, will establish specific requirements for mining operations, including for participants in mining pools.
The second law, which comes into force on September 1, 2024, introduces an experimental regime allowing the Bank of Russia to authorize selected companies to conduct cross-border settlements and exchange trading in digital currencies. Companies interested in participating in this experimental regime must apply to the central bank. The experiment will explore the use of cryptocurrency for foreign trade settlements, exchange trading, and the creation of an electronic platform for cryptocurrency operations.
These legislative moves reflect Russia's strategic approach to integrating cryptocurrency into its economy, while maintaining strict regulatory oversight to ensure financial stability. The global crypto community will be watching closely to see how these changes influence both the Russian market and the broader crypto industry.
What's your opinion on this? I personally love it. Thanks Putin.
Drop a comment below!
#russia #mining #cryptomining #bitcoinnews #bitcoin $BTC
Russia has taken a significant step in embracing cryptocurrency with the State Duma passing two pivotal laws. The first law, set to take effect on November 1, 2024, fully legalizes cryptocurrency mining in the country. Legal entities and registered entrepreneurs will be allowed to engage in mining activities, while those not registered can only operate mining rigs if they do not exceed certain energy consumption limits. Oversight of mining activities will be shared among various institutions, with the Bank of Russia holding considerable authority.
Miners will be required to report their digital currency earnings to a government-authorized body. This law also introduces a ban on advertising cryptocurrencies and offering them to the general public. The Russian government, in agreement with the Bank of Russia, will establish specific requirements for mining operations, including for participants in mining pools.
The second law, which comes into force on September 1, 2024, introduces an experimental regime allowing the Bank of Russia to authorize selected companies to conduct cross-border settlements and exchange trading in digital currencies. Companies interested in participating in this experimental regime must apply to the central bank. The experiment will explore the use of cryptocurrency for foreign trade settlements, exchange trading, and the creation of an electronic platform for cryptocurrency operations.
These legislative moves reflect Russia's strategic approach to integrating cryptocurrency into its economy, while maintaining strict regulatory oversight to ensure financial stability. The global crypto community will be watching closely to see how these changes influence both the Russian market and the broader crypto industry.
What's your opinion on this? I personally love it. Thanks Putin.
Drop a comment below!
#russia #mining #cryptomining #bitcoinnews #bitcoin $BTC
BREAKING
Max Keiser predicts that $BTC could soar to above $400,000!
#Crypto #BTC #BitcoinETF #bitcoinnews
Max Keiser predicts that $BTC could soar to above $400,000!
#Crypto #BTC #BitcoinETF #bitcoinnews
Bitcoin price crashes in South Korea following martial law declaration
Bitcoinās price on South Korean exchanges plunged on Dec. 3 after President Yoon Suk YeolĀ declared martial lawĀ in the East Asian country.
TheĀ Bitcoin-Korean won (KRW) exchange rateĀ plunged from 130 million KRW to 93.6 million KRW following the announcement, according to data from Upbit. This represented a nearly 30% drop.Ā
ļæ¼
The BTC/KRW exchange rate experienced heavy volatility on South Korean exchanges. Source: Upbit
Yoonās declaration of martial law came in response to āthreats posed by North Koreaās communist forces,ā the president said. The measures were intended to āeliminate anti-state elements.ā
Yoon also cited attempts by the countryās Democratic Party to remove government officials. Democratic Party leader Lee Jae-myung and others immediately voted to block Yoonās decree.Ā
āThe President should immediately lift the emergency martial law following the voting by the National Assembly,ā said Woo Won-sik, the National Assembly Speaker. āNow, the emergency martial law declaration is invalid.ā
#bitcoinnews $BTC
Bitcoinās price on South Korean exchanges plunged on Dec. 3 after President Yoon Suk YeolĀ declared martial lawĀ in the East Asian country.
TheĀ Bitcoin-Korean won (KRW) exchange rateĀ plunged from 130 million KRW to 93.6 million KRW following the announcement, according to data from Upbit. This represented a nearly 30% drop.Ā
ļæ¼
The BTC/KRW exchange rate experienced heavy volatility on South Korean exchanges. Source: Upbit
Yoonās declaration of martial law came in response to āthreats posed by North Koreaās communist forces,ā the president said. The measures were intended to āeliminate anti-state elements.ā
Yoon also cited attempts by the countryās Democratic Party to remove government officials. Democratic Party leader Lee Jae-myung and others immediately voted to block Yoonās decree.Ā
āThe President should immediately lift the emergency martial law following the voting by the National Assembly,ā said Woo Won-sik, the National Assembly Speaker. āNow, the emergency martial law declaration is invalid.ā
#bitcoinnews $BTC
See original
SEC Approval of Spot Bitcoin ETF Looks Like a 'Done Deal' in January, Bernstein Says.
Bernstein Research, a subsidiary of global asset management firm Alliancebernstein, expects the US Securities and Exchange Commission (SEC) to approve its first spot bitcoin exchange-traded fund (ETF) in January next year. A memo from Bernstein Research sent to Thestreetcrypto reads:
"The bitcoin ETF in early January now looks like a 'done deal'."
The memo explains that the market is waiting to see whether the SEC will āappeal the Grayscale ruling.ā The largest crypto asset manager, Grayscale Investments, is working to convert its bitcoin trust (GBTC) into a spot bitcoin ETF. The SEC initially rejected the application but the court later ruled in favor of the crypto company and ordered the securities regulator to reevaluate its application.
āNow that the SEC has chosen not to appeal, and in fact, has actively responded with edits/comments on the ETF application, approval is most likely due on January 10,ā the Bernstein Research memo details.
According to SEC Chairman Gary Gensler, the securities watchdog is considering eight to 10 spot bitcoin ETF applications. According to public records, there are 12 spot bitcoin ETF applications pending review at the SEC, including Grayscale's application to disguise GBTC as a spot bitcoin ETF.
Other suitors include Cathie Wood's ARK Investment Management, Blackrock, Bitwise, Wisdomtree, Fidelity, Vaneck, and Invesco. Eight applications have a possible final review date in the first quarter of next year, and three applications have a final possible review date in the second quarter.
Some analysts, including at JPMorgan, expect the SEC to approve several bitcoin ETFs at once. Last week, bitcoin prices surged amid speculation that Blackrock, the world's largest asset manager, would soon launch a bitcoin ETF
#bitcoinnews #bitcoin #ETF
Bernstein Research, a subsidiary of global asset management firm Alliancebernstein, expects the US Securities and Exchange Commission (SEC) to approve its first spot bitcoin exchange-traded fund (ETF) in January next year. A memo from Bernstein Research sent to Thestreetcrypto reads:
"The bitcoin ETF in early January now looks like a 'done deal'."
The memo explains that the market is waiting to see whether the SEC will āappeal the Grayscale ruling.ā The largest crypto asset manager, Grayscale Investments, is working to convert its bitcoin trust (GBTC) into a spot bitcoin ETF. The SEC initially rejected the application but the court later ruled in favor of the crypto company and ordered the securities regulator to reevaluate its application.
āNow that the SEC has chosen not to appeal, and in fact, has actively responded with edits/comments on the ETF application, approval is most likely due on January 10,ā the Bernstein Research memo details.
According to SEC Chairman Gary Gensler, the securities watchdog is considering eight to 10 spot bitcoin ETF applications. According to public records, there are 12 spot bitcoin ETF applications pending review at the SEC, including Grayscale's application to disguise GBTC as a spot bitcoin ETF.
Other suitors include Cathie Wood's ARK Investment Management, Blackrock, Bitwise, Wisdomtree, Fidelity, Vaneck, and Invesco. Eight applications have a possible final review date in the first quarter of next year, and three applications have a final possible review date in the second quarter.
Some analysts, including at JPMorgan, expect the SEC to approve several bitcoin ETFs at once. Last week, bitcoin prices surged amid speculation that Blackrock, the world's largest asset manager, would soon launch a bitcoin ETF
#bitcoinnews #bitcoin #ETF
Bitcoin At $120K? Trading Firm Links Trumpās Reserve Plan To Bold Prediction
AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website āÆ PlayAiGames.online
Many analysts arenāt surprised by the recent price surge of Bitcoin to $80,000, given Donald Trumpās convincing victory in the recently concluded US national elections.
Some market analysts and observers offer even bolder projections, fueled by rumors of a Bitcoin strategic reserve and the possible approval of the Bitcoin Law.
Trading firm QCP is one of those analysts taking a bullish stance on the crypto, predicting that the top digital asset will break $120,000 soon.
QCP cites the administration of incoming President Donald Trump, the plan to create a strategic BTC reserve, and updated US inflation data as critical drivers for the assetās price.
Favorable Market Conditions Boost Bitcoin PriceBitcoinās price surge continues this week, hitting another all-time high of $93,120, boosting the global cryptocurrency market cap to over $3 trillion.
The rally comes as the US government released its inflation data, with headline and core inflation numbers at 2.60% and 3.30%, respectively, in line with expectations.
Also, analysts are confident of a potential 25 basis point rate cut from the December Federal Open Market Committee meeting. Many say that a shift in monetary policy boosts optimism among risk-based assets, including Bitcoin.
$100k To $120k For BTC Possible, Says QCPIn the Twitter/X post, QCP Trading predicts that Bitcoin can hit $100k to $120k. The post added that BTC price action benefits from proposals to create a BTC strategic reserve and the governmentās potential shift from gold to digital asset.
QCP: In view of Bitcoinās impressive rally since the US election, our view is that $100,000 ā $120,000 may not be too far off.
#bitcoinnews #Analytics #cryptomarket #CryptoNews
AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website āÆ PlayAiGames.online
Many analysts arenāt surprised by the recent price surge of Bitcoin to $80,000, given Donald Trumpās convincing victory in the recently concluded US national elections.
Some market analysts and observers offer even bolder projections, fueled by rumors of a Bitcoin strategic reserve and the possible approval of the Bitcoin Law.
Trading firm QCP is one of those analysts taking a bullish stance on the crypto, predicting that the top digital asset will break $120,000 soon.
QCP cites the administration of incoming President Donald Trump, the plan to create a strategic BTC reserve, and updated US inflation data as critical drivers for the assetās price.
Favorable Market Conditions Boost Bitcoin PriceBitcoinās price surge continues this week, hitting another all-time high of $93,120, boosting the global cryptocurrency market cap to over $3 trillion.
The rally comes as the US government released its inflation data, with headline and core inflation numbers at 2.60% and 3.30%, respectively, in line with expectations.
Also, analysts are confident of a potential 25 basis point rate cut from the December Federal Open Market Committee meeting. Many say that a shift in monetary policy boosts optimism among risk-based assets, including Bitcoin.
$100k To $120k For BTC Possible, Says QCPIn the Twitter/X post, QCP Trading predicts that Bitcoin can hit $100k to $120k. The post added that BTC price action benefits from proposals to create a BTC strategic reserve and the governmentās potential shift from gold to digital asset.
QCP: In view of Bitcoinās impressive rally since the US election, our view is that $100,000 ā $120,000 may not be too far off.
#bitcoinnews #Analytics #cryptomarket #CryptoNews
India to block crypto exchanges Binance, Kraken websites
š®š³ india to ban 9 crypto exchange URL's.
ā¢ Binance
ā¢ Kraken
ā¢ Huobi
ā¢ Kucoin
ā¢ Bittrex
ā¢ Gateā¤io
ā¢ Bitstamp
ā¢ Bitfinex
ā¢ MEXC Global
Many Indian traders haveĀ switched to global cryptocurrency platformsĀ in recent quarters
#newscrypto #bitcoinnews
š®š³ india to ban 9 crypto exchange URL's.
ā¢ Binance
ā¢ Kraken
ā¢ Huobi
ā¢ Kucoin
ā¢ Bittrex
ā¢ Gateā¤io
ā¢ Bitstamp
ā¢ Bitfinex
ā¢ MEXC Global
Many Indian traders haveĀ switched to global cryptocurrency platformsĀ in recent quarters
#newscrypto #bitcoinnews
Do you believe #ShibaInu will hit $0.1 in this Bull Run?
Repost this if you believe in #ShibaInu
#shibaArmy #ShibaInuETF #Shibarium #TrendingTopic $BTC $ETH #SHIBARMYSTRONG #crypto #CryptoNews #BitcoināÆāÆāÆ #BTC āÆāÆāÆ #bitcoinnews
Repost this if you believe in #ShibaInu
#shibaArmy #ShibaInuETF #Shibarium #TrendingTopic $BTC $ETH #SHIBARMYSTRONG #crypto #CryptoNews #BitcoināÆāÆāÆ #BTC āÆāÆāÆ #bitcoinnews