Bitcoin price prediction: Today's value, why crypto is ... - cyptoranking.com

2024-05-08

Popular crypto exchanges(2023 Update) 2024-05-08
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In the same manner, trade losses can also be calculated. For instance, if you purchase 10 Bitcoins and sell everything for $20,000 at a rate of $30,000, the calculations for unrealized PnL go thus: With the rapid expansion of artificial intelligence, environmental watchdogs are beginning to sound the alarm about the amount of energy artificial intelligence models consume. But such warnings need to be based on real numbers, and a new report by Digiconomist founder Alex de Vries attempts to quantify the growing environmental impact of AI. Bitcoin price prediction: Today's value, why crypto is ...Source: Pixabay / Andy LeungThe Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined. Through its CyberDefender program, Hong Kong police warned that fraudsters impersonating Binance sent texts claiming accounts needed verification by linking. "Recently, fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated," the warning read. It added that once users clicked on the link, hackers were able to drain victims' wallets of all crypto assets.11 Binance Users Have Fallen Victim in Past Two WeeksIn the last two weeks alone, fraudulent messages have duped 11 people into disclosing their account login details. Police asked everyone who received suspicious messages to report them. They also shared the Securities and Futures Commission's newly published list of authorized virtual asset platforms to help residents identify legitimate exchanges.Currently, only Hashkey and OSL hold full retail operating licenses from the SFC. As reported, the Hong Kong Police Force launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse, in May. The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong citizens for the challenges ahead in the digital age, with a focus on technology crime preventionHong Kong Embroiled in Controversy Following JPEX SagaDespite its growing regulatory stance toward digital assets, Hong Kong has been embroiled in controversy following the JPEX saga. JPEX, established in 2021, targeted retail investors through extensive advertising campaigns in prominent business and transportation hubs. The exchange claimed to be a licensed cryptocurrency exchange and enticed investors with promises of high returns, reaching up to 20 percent. However, on September 13, Hong Kong's Securities and Futures Commission accused the platform of operating without a license and engaging in "suspicious" activities. Amid the ongoing investigation, the Hong Kong and Macau police have received 2,417 complaints involving alleged losses exceeding HK$1.5 billion. Meanwhile, analysts and industry experts have voiced concern that the fallout from the JPEX debacle will present significant challenges for virtual asset companies and hinder the government's efforts to expand the sector.“At a time when people still don’t completely understand what Web3 is, the JPEX case has created a negative impression for people in Hong Kong on digital assets and the broader Web3 industry,” Cyrus Ip, a crypto venture investor and chief business officer at artificial intelligence start-up DreamWld Technology, said. Tezos Price Prediction as XTZ Pumps 11.5% - Here’s Where the Crypto Is Headed Next CITY/USD 24-hour price chart (source: CoinStats)

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PepeCoin: Internal Strife and a Mysterious Transaction A stablecoin is a type of cryptocurrency that is expected to maintain a fixed value over some time. Stablecoins bridge the worlds of cryptocurrency and fiat currency as their prices are pegged to a reserve asset like the USD or precious metals like gold. Ideally, one unit of this cryptocurrency equals one unit of the real currency. Best Cryptocurrency Wallet for Mobile, DesktopCrypto Daily is fortunate to have interviewed Tiago Pratas, DeFi lead at Ankr. Pratas has given us access to the nuances of Ankr's groundbreaking Liquid Staking protocol and to discuss EigenLayer's Ethereum restaking and safety features. Source: AdobeStock / photo_gonzoAn analyst at Berenberg investment firm believes MicroStrategy is now a safer bet compared to Coinbase due to the exchange's regulatory issues. Mark Palmer, an equity research analyst at Berenberg Capital Markets, said the US Securities and Exchange Commission will likely file an enforcement action against Coinbase as the commission increases its scrutiny of the crypto sector. “Given the heightened uncertainty that Coinbase faces, we believe investors would be much better served investing in shares of MicroStrategy,” the analyst reportedly wrote.Shares of MicroStrategy, a software maker better known for being the largest public holder of Bitcoin, have increased more than 90% YTD, compared to a 63% increase in Coinbase's shares over the same period. The strong performance comes on the back of Bitcoin’s rebound in recent months. The flagship cryptocurrency has gained more than 60% YTD.According to Palmer, MicroStrategy is an “attractive alternative” to Coinbase given the regulatory pressures on the latter. The analyst also noted that the SEC has identified Bitcoin as a commodity while claiming that the majority of other crypto assets are securities. This makes MicroStrategy, which is a major holder of Bitcoin, an appealing choice for investors. “The SEC has characterized bitcoin as a commodity while asserting that most (if not all) other crypto tokens are unregistered securities, putting bitcoin and MSTR in advantaged positions amidst the regulatory onslaught."Palmer said the enforcement actions against crypto exchanges Kraken and Bittrex, as well as crypto lending platform Nexo, could be a preview of the SEC's approach to Coinbase.“We believe investors should be focusing on whether the company would have the ability to successfully pivot its business model and geographic focus if it were forced to curtail or cease a large portion of its activities in the US."SEC-Coinbase Relationship Continues to DeteriorateThe SEC has been in a legal battle with Coinbase as of late.Back in March, the commission sent a “Wells notice” to Coinbase, threatening the crypto exchange with legal actions regarding some of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. In response, Coinbase CEO Brian Armstrong accused the agency of engaging in “some really sketchy behavior.”The exchange also filed a lawsuit with a federal appellate court in Philadelphia last month, alleging that "the SEC refuses to address Coinbase’s rulemaking petition" even as the agency aims to initiate enforcement actions against the firm for listing unregistered securities.However, the commission has asked a judge to reject Coinbase’s request to compel the commission to respond to the rule-making petition. It is worth noting that Armstrong has suggested that the exchange could leave the US if regulators don't clarify their approach to the digital asset space. "Anything is on the table, including relocating or whatever is necessary," he said during the Innovate Finance Global Summit last month.Solana Price Prediction as New Blockchain Update Provides Native Support for Private Transactions – Time to Buy?

Bitcoin Price Slides As Bombs Rain on Gaza And Deaths Toll Rise Bankman-Fried has pleaded not guilty to fraud charges, and his lawyers say the involvement of company counsel in loan arrangements suggests that he didn't realize it was improper. Judge Lewis Kaplan has previously ruled that arguments over the advice received from counsel could confuse or prejudice the jury, and can’t be made in the defense’s opening statement. Buy ETH with Switchere.com: Fast and Easy Way to ...Ethereum’s price has ultimately initiated an uptrend after failing to break below the $1.5K support region. Interestingly, the futures market is demonstrating a very bullish signal in contrast to Ethereum’s bearish price action. “You really think they did not look at him first and monitor his activity?” asked Zach.

Gordon-Sand told Blockworks that the firm was drawn to the deal in part because of how the collection has maintained its value over time. Coinbase, another global crypto exchange company was fined $3.60 million by the Dutch Central Bank for failing to comply with the domestic regulations. These incidents highlight the country’s commitment to upholding stringent regulatory standards, even at the cost of losing major players in the crypto space. The Difference Between Initial vs. Maintenance MarginMeanwhile, Litecoin transactions with cryptocurrency payment processor Bitpay are increasing. According to September numbers, nearly a third of all consumers used Litecoin to pay for goods and services at Bitpay merchants. Base network’s significant surge in TVL has seen it outpacing zkSync Era’s $435 million TVL. The former maintained uptrends following USD Coin issuance on the platform on 4 October, leading to a notable 470.55% surge to 159 million stablecoins.

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