After the promulgation of the two high courts and one law, does cryptocurrency trading = money laundering? Can we still continue to speculate in cryptocurrencies? What is the biggest risk?
Recently, the cryptocurrency circle of friends has been flooded with a new regulation, which is the "Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Law in Handling Criminal Cases of Money Laundering"
In short, this is a new regulation jointly issued by the Supreme People's Court and the Procuratorate to combat money laundering crimes. This new regulation has 13 articles, with the focus on comprehensively combating money laundering crimes.
In particular, Article 5 explicitly includes "virtual asset transactions" as a catch-all clause for money laundering crimes.
According to Article 13 of the Interpretation, the new regulations will come into effect on August 20, 2024.
After the "Interpretation" was officially implemented, it attracted widespread attention, especially the provisions on virtual currency.
The latest withdrawal tutorial in 2024! How to prevent receiving black money? How to withdraw money safely?
After the promulgation of the two high courts and one law, the criteria for determining "serious circumstances" of money laundering crimes were clarified, and we need to pay special attention to the issue of withdrawals.
Previously, the biggest risk of withdrawing cryptocurrencies was freezing your card or confiscating your funds. But now, not only will your bank card be frozen, you may also be convicted of money laundering. After the new regulations are introduced, the following two aspects need special attention regarding the issue of deposits and withdrawals: the first is the obligation to guard against funds during the withdrawal process, and the second is the importance of the transaction contract.
1. How do we identify black money? How do we prevent receiving black money?
On November 16, DEXX exchange was stolen! How to ensure the safety of assets?
The market experienced a rebound today, with the price of Bitcoin returning to above $91,200, while Ethereum performed relatively weakly and is currently fluctuating around $3,100.
Ethereum hasn’t been doing well lately.
Judging from the current K-line chart, there is no sign of reversal yet.
The ETH/BTC trading pair even hit a new low, indicating that the panic in the market is quite serious and many holders have begun to panic sell.
However, BlackRock has been buying Ethereum recently. BlackRock’s CEO also mentioned yesterday that he wanted to tokenize assets.
Bitwise, the issuer of Ethereum ETF, also recently acquired Attestant, a company specializing in ETH staking services, which may be in preparation for the upcoming Ethereum ETF staking.
November 15th Market correction is an opportunity, do you dare to get on board?
Market sentiment has cooled down a bit in the past two days, and the overall market has also seen some adjustments.
Bitcoin fluctuates around $88,000 and Ethereum fluctuates around $3,160.
Altcoins generally fell by about 10%, but the AI meme sector is still very strong. ACT, GOAT, and Shoggoth all rose against the trend today.
So what will happen to the market next?
In the short term, I think the market may have a correction.
Now the market sentiment has reached a stage high point. It is recommended that those who rush to the chain to invest in local dogs should be cautious, as no one may take over.
I have observed that many valuable projects, such as ltc, iotx, and io, have begun to transform into MEME coins, and even institutions like animoca have begun to issue MEME coins.
How high will PNUT rise on November 14? Are there any new opportunities?
With the release of yesterday's CPI data, investors' risk aversion sentiment was also released.
After the release of the CPI data, the Federal Reserve is likely to cut interest rates by 25 basis points in December and can continue to play the music and dance.
Yesterday, Bitcoin hit a new all-time high, reaching $93,265, and Ethereum also broke through $3,400.
Among the altcoins, MEME coins performed the best. For example, PNUT increased five times in one day, and its market value exceeded 2.5 billion US dollars. LUCE also increased by more than 100%.
PEPE and WIF also increased by 50% because they were listed on the Coinbase exchange.
Yesterday, the USDT trading volume of DOGE, PEPE and PNUT on Binance exceeded that of ETH, which shows that the market's funds and attention are now concentrated in the MEME sector.
November 13: Trump officially appoints Musk! Is DOGE about to take off?
As we expected, the cryptocurrency market saw a pullback yesterday, with Bitcoin dropping to $85,000 and Ethereum also dropping to $3,200.
Altcoins generally saw a decline of about 10%, but the MEME sector still performed strongly, with coins like bonk, doge, and act rising against the trend.
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The rise of DOGE is due to Trump announcing that he will appoint Musk as the Minister of Government Efficiency in the U.S., a department abbreviated as DOGE.
As soon as this news came out, the price of the D.O.G.E coin on the Ethereum chain also broke through $0.34, with an increase of over 100%.
November 12: BTC is about to break $100,000! Is altcoin season coming?
Today, Bitcoin has once again set a historical high, with the peak approaching $90,000. At this trend, we might not have to wait until the end of the year; it could break $100,000 by the end of November.
The total market capitalization of cryptocurrencies has also reached a historical high, with Bitcoin surpassing silver to become the eighth largest asset in the world. Ethereum's performance is relatively weaker but has also risen to $3,300.
Among altcoins, ACT, PNUT, and LUCE have performed particularly well, with some rising several times in just one day. Members of our core group have already doubled their capital.
November 11: How to Successfully Top Out in a Bull Market?
This morning, the price of Bitcoin broke through $81,000 again, reaching as high as $81,730. The price of Ethereum also surged to $3,250.
Altcoins have also entered a rising trend, with coins like DOGE, GOAT, and PEPE rising over 20%, and many sectors have started to rotate; the market has entered a phase of picking up money.
Although Bitcoin has broken through $80,000, for many outsiders, they are just beginning to pay attention to this market.
From a trend perspective, the market is still in the main rising wave phase, and there’s no need to guess the top in the short term; I will remind the core group when we approach the top.
November 9th: How much will ETH rise in this round of the bull market?
Yesterday, Bitcoin broke through a new high again, reaching a peak of $77,200.
Ethereum reached a peak of $2,995, just one step away from $3,000.
Altcoins are also starting to stir, showing signs of an impending breakout.
With Trump in office and the Federal Reserve's second interest rate cut, the market's risk appetite has also begun to increase.
Many people are betting that there will be an altcoin season in the fourth quarter of this year and the first quarter of next year, so investment in altcoins has also started to increase.
But it should be noted that the next two days are the weekend, and institutions will not be working.
Market liquidity will also decrease, and people's emotions may gradually calm down.
November 8: Can Bitcoin break through $200,000 after Trump takes office?
Today, Bitcoin has set another historical high, with prices approaching $77,000.
Ethereum has finally become robust, with prices approaching $3,000.
Currently, the Ethereum staking ETF has not been approved yet, and it is likely to see another wave of increase.
I believe it is only a matter of time before Ethereum ETFs allow staking after Trump comes to power.
The logic is simple, because a stable annual return of 3% from such a large amount of capital is simply too attractive.
This is also the reason I have always been optimistic about Ethereum; with the support of a spot ETF, it is unlikely to cool down.
The altcoin market also shows signs of a potential explosion. According to previous patterns, Bitcoin will rise first, followed by Ethereum. It seems this bull market is following that pattern.
On November 7, Ethereum broke through $2,800! Is the altcoin season coming?
Early this morning, Bitcoin hit a new all-time high, reaching $76,400. Ethereum also began to rise, reaching a high of $2,800.
Altcoins also saw a surge, with general increases of around 20%.
After the U.S. stock market opened yesterday, the three major stock indexes all opened higher, especially the S&P 500 and the Dow Jones Industrial Average, which opened directly higher.
Coinbase and MicroStrategy shares opened up 30% and 15%, respectively.
All spot ETFs also opened higher. BlackRock's spot Bitcoin ETF's trading volume exceeded US$4.1 billion yesterday, also setting a record high.
Today, the crypto market experienced a rebound, with Bitcoin returning to $71,000, and altcoins generally following the market trend with an overall increase of about 10%.
Currently, the price of Bitcoin is less influenced by market data and more related to whether Trump is elected.
The significant rise in Bitcoin's price after today's opening is due to market expectations that Trump will be elected.
As of the time of writing, the voting results of the U.S. election show that Trump is leading Harris 177 to 99. Next, we just have to wait and see the final result.
So who would be more favorable for the crypto market, Trump or Harris?
On November 5, will Bitcoin rise to $100,000 after the election?
The cryptocurrency market has been in a volatile trend these days, with Bitcoin fluctuating around $67,600 and Ethereum oscillating around $2,400.
Most altcoins have performed quite sluggishly, with only a few MEME coins related to the U.S. election, such as DOGE and MASK, seeing an increase.
Although Bitcoin's price has been quite volatile these days, it is less related to market purchasing power and is mainly influenced by expectations and outcomes of the U.S. election.
The latest report from Bitfinex Alpha (The Calm Before the Storm) also mentioned that after experiencing 8 months of volatility, Bitcoin nearly broke its historical high last week before sharply retracing.
November 2nd: The 10 Most Common Mistakes in Investing
1. Likes to trade frequently.
In a bull market, many people lose money due to frequent trading.
For example, if a certain altcoin rises by 100% and you sell thinking you've made a profit, it may actually be due to a larger market trend.
Then, you see it rise another 100%, unable to resist chasing the price, only for the market to suddenly crash, leading to a breakdown in mindset and forced to sell at a loss.
Warren Buffett once said: 'Wall Street makes money through constant trading; you make money by being immovable as a mountain.' This statement is very reasonable.
Bitcoin rose from $1,000 to $70,000, experiencing countless ups and downs along the way.
Some people earn cyclical money, some earn money from mid-term fluctuations, but some earn by being immovable as a mountain.
In the past couple of days, the overall crypto market has experienced a pullback, with Bitcoin dropping below $70,000, currently oscillating around $69,600.
So why is Bitcoin declining? Are there any negative news?
This pullback is mainly due to the uncertainty surrounding the U.S. presidential election.
According to the latest polls, Harris's support rate has started to lead Trump again, which has raised some concerns in the market about Trump's potential defeat.
Moreover, the recent poor performance of tech stocks, along with disappointing U.S. core PCE data, has affected market sentiment and confidence.
October 31: MicroStrategy plans to raise $4.2 billion to purchase BTC!
Yesterday, MicroStrategy and Coinbase released their third-quarter financial reports, and from their financial data, the apparent earnings were not very good. Therefore, after the financial reports were released, their stock prices fell.
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Moreover, the three major U.S. stock indices experienced a slight pullback yesterday, which also affected the crypto market.
Bitcoin is currently fluctuating around $72,000, while Ethereum is oscillating at $2,650. Altcoins are also following the market's pullback, generally down about 5%.
Although MicroStrategy and Coinbase's financial reports are not very good, the impact on the crypto market is not significant.
October 30th American investors FOMO! Will Bitcoin hit $80,000 this week?
Stimulated by the US election and US stock earnings season, Bitcoin surged to US$73,620 yesterday, just US$150 away from its all-time high of US$73,777.
However, compared with Bitcoin, Ethereum's performance is much worse, and most projects are currently being drained of money by Bitcoin.
A friend asked, will there be a big correction after the US election?
Judging from the trends after previous US elections, the three months after the election are generally favorable for risk markets, and it is highly unlikely that the market will plummet as soon as the results come out.
Over the past 60 years, risk markets have overwhelmingly continued to rise after elections.
October 29: BTC Strongly Breaks 70,000! Can It Reach New Heights in November?
Today, the crypto market experienced a widespread rally, with Bitcoin breaking 70,000, reaching a high of 71,500, and Ethereum rising to 2,600.
Among altcoins, DOGE and SHIB have surged the most, rising over 10%. This is mainly due to Musk posting an image featuring elements of Dogecoin's Shiba Inu.
What has driven the rise of Bitcoin?
This rise is mainly attributed to expectations that Trump may win, as well as the stimulus from the U.S. earnings season.
Some smart money may have known something in advance and started to rush ahead.
October 28: Is the U.S. government investigating USDT?
Over the weekend, the market was not highly volatile, and liquidity was relatively poor. Bitcoin oscillated around $68,000, while Ethereum fluctuated around $2,500.
The current market trend is very similar to Bitcoin's trend before the spot ETF.
Bitcoin struggles to maintain an independent trend, mainly driven by external factors.
Currently, the factors most affecting Bitcoin's price are the U.S. elections and the earnings season for U.S. stocks.
However, as long as no black swan events or substantive negative news occur, the possibility of a significant drop in Bitcoin is very low.
Among altcoins, the MEME sector still performs strongly, with market funds and attention focused on the Solana ecosystem.