$XRP The British government may offload billions of dollars in bitcoins.
The UK holds vast reserves of bitcoin, most of which were confiscated from convicted money launderer Jian Wen.
Now officials are considering the possibility of selling these bitcoins to plug holes in the budget.
Chancellor of the Exchequer Rachel Reeves is under pressure – it's important to choose the right moment for the deal. But let's be honest: governments are not known for their 'steady hands' in investments.
Last year, Germany sold 50,000 BTC.
If the UK follows suit, the market will be flooded with liquidity. Stay tuned.
#XRPETFIncoming? British government could dump billions of dollars worth of bitcoin.
The UK has huge bitcoin reserves, much of which was seized from convicted money launderer Jian Wen.
Now officials are considering selling those bitcoins to plug holes in their budget.
Chancellor of the Exchequer Rachel Reeves is under pressure to time the sale. But let's be honest: governments aren't known for their "steady hands" on investments.
Germany sold 50,000 BTC last year.
If the UK follows suit, a wave of liquidity could flood the market. Stay tuned.
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"If you are afraid of your currency devaluing, of economic or political instability in your country, you may have an international tool called Bitcoin that can overcome these local fears... Bitcoin could be worth $500,000, $600,000, $700,000..."
#CryptoMarketDip 🗣The Rada urgently wants to ban the transit of Russian oil through Ukraine to the EU: the contract is currently valid until 2029, — bill
1. The Druzhba oil pipeline, for example, brings Russia $20 million daily.
2. Let us remind you that on January 1, Ukraine stopped the transit of Russian gas through its territory.
As of January 5, 2025, the price of BNB is around $711.85, reflecting a slight decrease of 0.01% over the last 24 hours.
Technical Analysis:
Moving Averages (MA): The price of BNB is above the 50-day and 200-day moving averages, indicating the continuation of an upward trend.
Oscillators: Indicators such as RSI are in the neutral zone, indicating the absence of overbought or oversold conditions.
Support and Resistance Levels:
Support: The nearest support level is around $700, confirmed by previous lows.
Resistance: The resistance level is around $720; a breakout above this level may strengthen the upward movement.
Trading Volume:
The trading volume over the last 24 hours is around $842 million, indicating stable interest from traders in BNB.
Recommendations:
The current technical picture indicates a neutral trend with the possibility of growth upon breaking the resistance level. Investors are advised to monitor the dynamics of volume and price behavior relative to key support and resistance levels to make informed trading decisions.
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#bnb Asking AI a question Can you provide a professional and clear analysis of the price for BNB/USDT based on today's data? Focus on key insights and ideas.
As part of upcoming regulatory changes, new requirements for crypto transactions—known as the Travel Rule—will soon apply. The Travel Rule, mandated by the Financial Action Task Force (FATF) and the European Union, requires Virtual Asset Service Providers (VASPs) like Kuna to exchange details about the parties involved in virtual asset transactions. These regulations aim to improve the traceability of cross-border transfers by requiring crypto providers to collect and share information about the sender and recipient. Kuna plans to begin implementing the changes outlined above in January 2025, with gradual progress thereafter. helps prevent money laundering and terrorist financing, promoting a more transparent financial system.
As a result of these changes, you may be required to provide additional information for your crypto deposits and withdrawals. Specifically, we may need to collect and verify the following information on the transaction parties (senders and receivers):
For individuals:
Full name
Residential address
Government ID type and number
Virtual currency wallet address
For legal entities:
Full name
Registered office address
Legal Entity Identifier (government ID, tax ID, or registration number)
Virtual currency wallet address
Please be advised that transfers between accounts on Kuna will not be impacted by the upcoming changes and will continue to be processed as usual.
Transactions Involving Self-Hosted Wallets
For deposits or withdrawals to or from self-hosted wallets (also known as unhosted or non-custodial wallets, which are controlled and hosted by the user rather than by exchanges, markets, or other virtual asset service providers), the same information may be required.
However, for transactions exceeding EUR 1,000 (or equivalent) sent to or received from a self-hosted wallet, we are required to verify the ownership of the wallet and confirm this ownership using specific technical methods provided by our Travel Rule compliance solutions provider.
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