How do you explain cryptocurrency to a beginner? - cyptoranking.com

2024-05-06

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BTC/USD 1-Week Chart (Source: CoinMarketCap) Embrace Diversity How do you explain cryptocurrency to a beginner?A High-Profile Trial If the bears break through the $2.67 support level, the next level to look for is around $2.60.

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In September, BeInCrypto reported that South Korea’s crypto surge has seen an unprecedented $100 billion in digital assets dominate overseas accounts. As a result, the analysts predicted the government may decide to start printing the dollar again to salvage the situation but potentially crash the currency further. The report stated that investors could move to crypto assets to prevent exposure to the crisis. Coinbase Derivatives Exchange to add Nano Ether Futures ContractJeff Feng, co-founder of Sei Labs, said that while a rate hike could signify an environment where risk-taking is discouraged, crypto markets are influenced by many factors beyond just central bank policies. Voting

A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge. Web1 (1990-2005) Top 10 crypto exchanges for Australia and OceaniaStill, Zuckerberg noted that the company wants to reduce the barriers as much as possible, explaining that in the future, these scans may be achievable with a regular smartphone. Image by Sergei Tokmakov, Esq. https://Terms.Law from PixabayToday, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can operate as banks in Hong Kong."Under the Banking Ordinance, only licensed banks, restricted license banks and deposit-taking companies, which have been granted a license by the HKMA can carry out banking or deposit-taking business in Hong Kong," the HKMA clarified in its statement.Crypto companies are also not allowed to compare their services to traditional banking services, nor can they encourage customers to open "banking accounts" or label their offerings as "deposits."Regulatory Actions on Misleading Crypto CompaniesThis alert from the HKMA follows another from the Hong Kong Securities and Futures Commission (SFC) targeting a crypto trading platform known as JPEX. The SFC criticized JPEX for using terms like "crypto 'deposits,' 'savings,' or 'earnings,' which are not permitted under the SFC's oversight framework for crypto trading platforms."The SFC also rebuked JPEX for portraying itself as a licensed entity, despite not having applied for or received any such license.In a similar vein, back in August, the SFC warned the public about unlicensed crypto platforms that were involved in questionable activities. According to the SFC, platforms that claim to have applied for licenses "may not be in compliance with the legal and regulatory requirements under the new regime."Misrepresenting a company as a licensed entity when it has not received authorization is also an offense, much like the misuse of the term "bank" by crypto companies.The Changing Landscape of Hong Kong Crypto RegulationEarlier this year, Hong Kong made several moves to become more welcoming to crypto businesses, including the initiation of a Central Bank Digital Currency (CBDC) trial. Yet, as these recent warnings indicate, the authorities are taking a balanced approach to crypto regulation, ensuring that companies do not mislead the public or operate outside the bounds of established regulations.In short, while Hong Kong has made efforts to become more accommodating to crypto businesses, the recent actions by HKMA and SFC show that they are not letting their guard down in terms of crypto regulations. The authorities are diligently working to ensure that the public is not misled by companies operating in the hong kong crypto market.US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6%

The BAYC is a collection of 10,000 unique Bored Ape NFTs on the Ethereum blockchain. Owning a Bored Ape NFT offers users particular benefits, including doubling in Yacht Club membership status and accessing some sections of the project’s ecosystem. BAYC had an estimated market cap of 261,878 ETH at the time of writing, according to data from CoinmarketCap, with a floor price of 26.14 ETH. For a stablecoin, adding Uranium as collateral seems… well, volatile. Bitcoin Is Slow: What Is the Fastest Cryptocurrency & Blockchain?Maker price is down by 8.29% over the past 7 days, whereas according to the price action, the MKR price continues to move in the bear’s influence. Sellers are trying to pull Maker crypto prices toward the lower trendline. Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people.

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