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#BreakingNews 🇮🇳✔️🙏 India prepares to regulate #Cryptocurrency as govt seeks public input: - Full Report India is gearing up to regulate cryptocurrency and is asking for public input. A consultation paper by the Department of Economic Affairs is expected to be released soon. India is getting ready to regulate cryptocurrency, & the government is taking an important step in that direction. A panel led by the Secretary of the Department of Economic Affairs (DEA) is working on a consultation paper, which is expected to be released between September and October this year, according to a report by CNBC TV-18. This paper will ask for input from stakeholders, including industry experts, companies, and the public, on how cryptocurrencies should be regulated in India. This move is part of the government's broader efforts to determine how digital currencies will be handled in the country. Source - As per Business Today Desk
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#Bitcoin Completed its 16 yr. of Journey, from the date of Domain Bitcoin dot Org, Registration date of August 18, 2008 (16 yrs now). Basically #SatoshiNakamoto buy this domain with an Anonymous domain booking & hosting platform while it's also Unclear by WHOIS too, that who was really owned and bought this domain.. Now a days, #SatoshiNakamoto is still a mystery that either he or she was any human being or any group or institution or any Pvt. Entity. But anyhow, $BTC booms & pickup the market in last 16 years with one of the biggest potential growth of Asset as an payments system as well an super secured store value too..
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In July, #MicroStrategy acquired an additional 169 #Bitcoin for $11.4 million and he holds total nos. of 226,500 $BTC now till date...🙏❤️
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#Bitcoin Daily chart analysis It's $BTC last cycle towards downtrends around $62k-63k approx. within next 4-5 days and after that, $BTC starts moving towards their Uptrend cycle of #BullRun , with Amazing Zig-Zag mode of some little bit of Ups-Downs as per #Elliott Impulsive Wave. This Wave starts from 5-7 August onwards, and goes upto Feb. 2025 for 7-8 months and then its another #CorrectionWaves starts afterwards of #ElliottWaves pattern of 0-1-2-3-4-5 & 0-A-B-C. So, take little bit of more patience and just be ready for a big ride of Crypto Market Bull-Run, moving soon with #Altcoins market too. And, always Trade with StopLoss and DYOR before investing into any type of Crypto Assets. NFA 🙏
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#MtGox said on Friday that it started making repayments to customers into July 2024, ending a near 10-year wait for some users to get their crypto back after a 2014 hack sent the crypto exchange into bankruptcy. The company was once the world’s top crypto exchange, handling over 70% of all bitcoin ( $BTC ) Txns. in its early years. The hack resulted in the loss of an estimated 740,000 #bitcoin Mt. Gox moved 47,228 $BTC , signaling the start of their repayment process, which has caused some market fear due to the large potential to sell-off ... However, "it's worth noting that despite these concerns, the long-term impact may be less severe as the market gradually absorbs the selling pressure too due to the upcoming Bullish Market trends, but for short term it impacts the market."
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