Из жизни альткоинов

According to a South China Morning Post report, Hong Kong customs officers have apprehended three individuals in connection with a massive HK$1.8 billion ($228 million) money-laundering operation that exploited a crypto platform and bank accounts associated with shell companies. 

The arrests were made following an investigation into suspicious activities involving “abnormally frequent” and large transactions in bank accounts lacking tax records, import and export declarations, and physical addresses.

Suspects Allegedly Used Tether

During the probe, it was discovered that one of the accounts involved received significant daily deposits of up to HK$39 million ($4.9 million) and facilitated 167 transactions. 

Further examination revealed that two suspects allegedly handled HK$760 million, equivalent to 40% of the total funds, through a cryptocurrency platform, specifically Tether.

Florence Yeung Yee-tak, commander of the Financial Investigation Division of the Customs Department, cited alleged challenges in investigating money laundering related to cryptocurrencies due to their anonymity and “lack of jurisdictional restrictions.” 

Yee-tak emphasized that the enforcement team relied on intelligence, capital flow analysis, and financial investigations to gather evidence.

In a coordinated operation, customs officers targeted four residences, five companies, and two licensed money service businesses before making the arrests. 

Trio Arrested For Laundering Billions In Crypto

The trio, consisting of a 42-year-old woman and two men aged 48 and 60, allegedly set up five companies and opened 18 local bank accounts between June 2021 and July 2022. 

These companies were reportedly involved in over 1,000 suspicious transactions, receiving funds from undisclosed sources.

Notably, the three arrested suspects did not know each other. The unemployed woman allegedly played a key role in the money laundering, receiving transfers from various companies and crypto exchanges. 

The funds were transferred to other companies or to the two male suspects through licensed money changers.

According to the Customs and Excise Department, the woman managed HK$900 million of the illicit funds, while the 60-year-old driver handled HK$300 million, and the self-employed man dealt with HK$600 million. 

Investigations have revealed that the funds originated from a crypto exchange platform and over 200 local and overseas companies. The funds were rapidly transferred to other entities once deposited into the shell companies’ bank accounts.

The shell companies purportedly operated in mobile phone accessories, wholesale machinery, and vehicle parts. However, they engaged in business transactions unrelated to their stated sectors, including agricultural products and food, indicating their role as shell companies. 

The operation, code-named “Racer,” resulted in the seizure of mobile phones, company documents, stamps, and transaction records. Customs confirmed that the source and destination of the funds are still being investigated.

Although the core members of the syndicate are believed to have been apprehended, customs authorities have not ruled out the possibility of further arrests. 

The three suspects were arrested on charges of conspiracy to deal with proceeds of an indictable offense, commonly known as money laundering. They have been released on bail but could face a maximum penalty of 14 years imprisonment and a HK$5 million fine if convicted.

Featured image from Shutterstock, chart from TradingView.com 

On-chain data shows the Bitcoin “accumulation addresses” have observed all-time high inflows following the latest asset price slump.

Bitcoin Accumulation Addresses Have Aggressively Bought The Dip

As an analyst in a CryptoQuant Quicktake post pointed out, the total Bitcoin inflows going towards the accumulation addresses have set a new all-time high recently.

The “accumulation addresses” here refer to wallets that have only a history of receiving transactions and never of sending. This means that these addresses have only purchased coins and have never participated in any selling.

Besides this definition, fewer other restrictions exist for an address to be considered a part of this group. The wallet should have received at least two transfers (as only one transaction wouldn’t be enough to set the trend one way or another), and its balance should be greater than 10 BTC.

Even if they satisfy these conditions, miners and exchange-associated wallets are still excluded from the group, as they inherently compensate for the sell-side of cryptocurrency.

The accumulation addresses are naturally the opposite of these entities, as these HODLers buy coins and lock them up in their relentless hands, thus effectively removing them from the circulating supply.

There is also one final condition for an address to fall in this category: it must have seen its most recent transfer within the last seven years. Wallets older than this are thought to be lost because of missing keys or just being forgotten, so they don’t exactly represent the voluntary HODLers of the market.

Now, here is a chart that shows the trend in the Bitcoin inflows going toward these accumulation addresses over the past year:

As the above graph shows, Bitcoin inflows to accumulation addresses have recently achieved a new record. In this spike, 27,700 BTC ($1.75 billion at the current exchange rate) have flowed into the wallets of these perennial HODLers in a single day.

The indicator’s previous all-time high was witnessed a couple of months ago when the accumulation addresses purchased 25,100 BTC (almost $1.6 billion).

The chart shows that this buying spree occurred during the rally, eventually resulting in BTC touching new highs. As such, the latest strong accumulation from these diamond hands may also be bullish for the asset’s price.

The chart also shows that the frequency and scale of large purchases from this cohort have been quite extraordinary in recent months.

This trend could be explained by the bullish environment following the approval of spot exchange-traded funds (ETFs) and their buying.

BTC Price

Bitcoin briefly slipped below the $60,000 level during the past 24 hours, but the asset has since rebounded back towards $63,500.

Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price.

These speculations have led to theories on who the whale buyer might be amidst a continued price decline for Dogecoin, with the most prominent hypothesis being billionaire Elon Musk.

Whale Accumulating Dogecoin

Dogecoin is currently on an extended price decline, with its price now down by 25.8% in the past seven days. However, on-chain data shows that a particular whale has been buying the dip, which is a testament to their strong belief in the cryptocurrency.

Whale Alerts, a crypto whale transaction tracker, noted a DOGE accumulation from crypto exchange Robinhood into the private wallet “DDuXGM” amidst a flurry of other whale transactions in other cryptocurrencies. The transaction involved the movement of 150 million DOGE worth $23.5 million from Robinhood into the unknown wallet.

It is interesting to note that a further investigation into the whale’s on-chain activities reveals that this was not a one-time buy. The whale had acquired another 150 million and 30 million DOGE tokens worth $23.1 million and $4.8 million respectively in the hours before the last purchase. 

Elon Musk’s tweets in the hours leading up to the purchase have only fueled speculation that he may be the whale. Just hours before, the billionaire tweeted a meme picture mentioning Dogecoin, which led to some speculations among investors. Musk has been a vocal proponent of Dogecoin for months, and his tweets are known to cause spikes in the price of DOGE. However, it is important to note that his recent tweet failed to do many wonders for the price of DOGE as the crypto continued on its month-lasting correction. 

At this point, there are more questions than answers about the mysterious $46 million Dogecoin purchase. Was it indeed Elon Musk or another whale quietly accumulating DOGE? At the time of writing, this whale address “DDuXGM” is holding 2.478 billion DOGE tokens worth $363.6 million.

According to MartyParty, a prominent crypto influencer, the accumulation could be in response to a recent announcement from BITMAIN, a company producing crypto mining equipment. BITMAIN recently revealed its plans to expand support for DOGE mining after its Antiminer L9 release in May. Bitmain’s Antiminer L9 model will support mining operations for Litecoin, Dogecoin, and Bells (BEL), which are some of the still-existing proof-of-work blockchains.

At the time of writing, DOGE is trading at $0.144, down by 8.15% in the past 24 hours. The significant price correction in the last day means Dogecoin is now in red in a monthly timeframe, and it is now down by 4.55% in the past 30 days. 

Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year.

Binance’s Cost To Return To India

According to a recent report from India’s Economic Times, the exchange intends to return as a registered entity, aiming to comply with the country’s anti-money laundering laws and tax regulations.

This strategic move entails paying a hefty $2 million penalty as part of its efforts to “reform” its South Asian entity.

Notably, this development follows the Indian government’s action against 9 crypto websites, including Binance, in January for their alleged involvement in illegal operations that violated local regulations. This crackdown led to the removal of crypto exchange apps from the region’s Apple and Google stores.

Despite these challenges, Binance South Asia’s X account noted in January that the exchange remains “committed to regulatory compliance” and is working towards full registration with India’s Financial Intelligence Unit, which oversees digital asset trading activities.

We are aware of new changes that have been introduced regarding crypto exchanges on the iOS App Store in India, impacting the Binance App.

The ongoing situation is not unique to #Binance and we remain committed to complying with local regulations and maintaining dialogue with…

— Binance South Asia (@BinanceDesi) January 10, 2024

The exchange also discloses that it seeks to adhere to all applicable regulations, including anti-money laundering measures and tax laws, to ensure a “smooth re-entry” into the Indian market.

Global Expansion And Asset Management Evolution

The decision to re-enter the Indian market comes amid the exchange’s broader strategic shifts and global expansion efforts. Recently, the exchange secured a full crypto license in Dubai, marking its official entry into the Middle Eastern market.

This development follows co-founder Changpeng Zhao’s agreement to relinquish voting control in the local entity, paving the way for regulatory approval. According to the report, the crypto exchange’s expansion into Dubai aligns with its vision to establish a “strong presence” in key global markets and diversify its geographical footprint.

#Binance is proud to have received a Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA).

This milestone allows us to extend our services to the retail market alongside qualified and institutional investors.

Read more

— Binance (@binance) April 18, 2024

The exchange has significantly changed its asset management strategies, notably converting its entire Secure Asset Fund for Users (SAFU) into USDC, a stablecoin pegged to the US dollar.

As reported, the SAFU fund, established in 2018 to safeguard user assets during extreme situations, has transitioned to USDC to “enhance transparency, reliability, and stability.”

Featured image from Unsplash, Chart from TradingView

Crypto analyst Javon Marks has laid out an ultra-bullish narrative for the XRP price, predicting that the crypto token’s price could increase exponentially to triple figures. The analyst also alluded to XRP’s historical price pattern to show that this price move was possible. 

XRP Price Could Rise Above $200

Javon Marks mentioned in an X (formerly Twitter) post that the XRP price “may be more than poised” to rise above $200 based on his Full Logarithmic follow-through analysis. He further noted that XRP saw a price increase of over 108,000% in the 2017 bull run and has since set up and broken out of its “largest resisting structure ever.”

Therefore, he boldly claimed that XRP making a 33,030% run from here “can be more than possible and developing.” Marks first raised the possibility of XRP rising above $200 in February when he revealed that XRP had just experienced another breakout, which would mean another “massive upside move to new All-Time Highs (ATHs) can be commencing soon.” 

Marks’ ambitious price prediction has raised eyebrows, especially considering XRP’s current price level and how it has underperformed since this market cycle began. The crypto token has maintained a rather tepid price action and has failed to make any price gains since the beginning of the year. Instead, it has dropped by over 21%, even amidst several bullish developments in the XRP ecosystem. 

XRP To Hit Two Digits At Least

While doubts remain about whether the XRP price could rise to $200, crypto analysts like CrediBULL Crypto have predicted that it could rise to at least $20. Nick, the founder of Web3Alert, also believes that XRP could rise to double digits, predicting that XRP would hit $10 at some point in this bull run. 

Crypto analyst Egrag Crypto has also predicted, at various times, that XRP will hit $27 at the peak of this bull run. He stated that this was a “plausible target” since XRP saw a price gain of 61,000% in 280 days back in 2017. 

Meanwhile, some analysts have chosen to make more conservative price predictions. One of them is crypto expert Ash Crypto, who predicts that XRP will rise between $3 and $5. With XRP’s current ATH at $3, it is believed that such price targets as Ash Crypto’s could easily be attained. Moreover, crypto tokens are known to surpass their ATH in every market cycle. 

In the meantime, the primary target for XRP holders would most likely be to see the crypto break above the $1 mark. That price level has acted as a major resistance for XRP for the longest time, with the crypto token failing to break above it even when the court ruled that it wasn’t a security. 

At the time of writing, the XRP price is trading at around $0.48, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license. 

Opening Doors For Retail And Institutional Investors

According to a local media report, the VASP license obtained by Binance FZE allows the company to expand its offerings in Dubai, catering to retail and institutional investors. 

With this license, Binance FZE can now provide a comprehensive range of virtual asset products to individual customers, including spot trading, margin trading for qualified users, and staking. Richard Teng, CEO of Binance, expressed enthusiasm about the license, stating: 

As we secure the esteemed full-market VASP License, it notably amplifies our unwavering commitment to advancing the financial landscape through compliance and innovation. This achievement embodies our dedication to transparency, regulatory compliance, and responsible growth in the dynamic digital assets domain.

The successful acquisition of the VASP license underscores Binance’s emphasis on compliance measures and regulated cryptocurrency services. The exchange has taken new steps to adapt to global regulation following increasing pressure from regulators in Nigeria and the United States, even appointing a new board of directors. 

Alex Chehade, General Manager of Binance FZE, emphasized the significance of this regulatory development for the exchange, affirming: 

This is a major milestone that validates our commitment to providing secure, compliant, and top-tier services to our users. It underlines Dubai’s position as a forward-thinking city – acknowledging and embracing the financial potential that blockchain technology brings.

Binance Strengthens Its Position In The UAE

The newly approved license also grants Binance FZE the ability to offer advanced trading capabilities, such as futures, and options, to qualified and institutional investors. 

However, the report notes that access to these higher-risk derivative products remains limited to accredited investors who meet specific criteria.

Meera Judge, Compliance Officer and Head of Risk at Binance FZE highlighted the company’s dedication to compliance and risk management, stating: 

The granting of the Binance FZE VASP license further underscores the firm’s steadfast commitment towards compliance and risk management. This license issuance symbolizes our dedication to our users and regulatory authorities, reinforcing our adherence to transparent and responsible practices.

On the other hand, Stephanie Emile, Head of Operations, expressed excitement about the new opportunities brought by the VASP license, noting that the company is “excited for this next chapter.” 

Ultimately, the VARA-granted VASP license positions Binance FZE as a strong player in the UAE for its operational services. It solidifies Dubai’s reputation as a thriving hub for cryptocurrency regulation and reinforces the emirate’s commitment to embracing new technologies.

The exchange’s native token, BNB, is currently trading at $544, reflecting a modest 0.6% recovery over the past 24 hours. However, it experienced 9% and 7% losses in the seven-day and fourteen-day time frames, respectively.

Featured image from Shutterstock, chart from TradingView.com 

Генеральный директор Tether заявил в интервью изданию DL News, что аудиторские компании, входящие в «большую четверку» (Deloitte, PwC, EY и KPMG), боятся работать с Tether, поскольку опасаются нанести ущерб своей репутации.

Despite experiencing steep price declines in the past few weeks, popular Shiba Inu marketing team member, Lucie, has remained optimistic about SHIB’s price fundamentals, stating that the cryptocurrency is still on track for a supercycle.

SHIB Set For A Major Bullish Cycle

On Wednesday, April 17, Lucie took to X (formerly Twitter) to shed light on Shiba Inu’s price outlook using historical data of Bitcoin’s market movements.

Sharing a Bitcoin analysis chart of the market’s progress from 2015 up to 2024, Lucie highlighted key periods which displayed a bottom phase, a re-accumulation phase and a bull market.

A bottom phase typically occurs when the price of a cryptocurrency is low but appears to show minor signs of growth, as indicated by the multiple green and red candles on Lucie’s Bitcoin chart. On the other hand, a re-accumulation phase is a period where investors begin to buy cryptocurrencies at a fairly cheap rate in anticipation of a bull market. 

According to the Bitcoin analysis chart, in 2015, Bitcoin experienced a bottom and re-accumulation phase from 2017 to 2018 before entering a full-blown bull cycle. A similar trend occurred in 2019 as Bitcoin bottomed again and investors entered a re-accumulation phase. From 2020 to 2021, the cryptocurrency surged considerably, marking the onset of another bull market. 

Based on these historical price movements, Lucie predicts that the next Bitcoin bull market will likely happen between 2024 and 2025, following the reaccumulation phase, which occurred in 2023. The Shiba Inu marketing lead sees these parallel market movements as evidence that Shiba Inu could still experience a super cycle, maintaining optimism about the cryptocurrency’s long-term prospects. 

Shiba Inu Price Analysis

Over the past month, the price of SHIB has been plummeting significantly, declining by approximately 23.24%. This trend continues as the cryptocurrency records further decline to 21.99% in just one week. 

Despite the downward spiral, whales are still accumulating the doggy-themed meme coin at a rapid pace. Notably, an anonymous whale had purchased a whopping 223 billion SHIB tokens, valued at more than $5.7 million, after the cryptocurrency had crashed to a low of $0.00001830. 

For many investors, SHIB’s consistent declines are seen as a buying opportunity as they gear up for a potential bull run in the future. At the time of writing the cryptocurrency is trading at $0.000021, according to CoinMarketCap. 

Earlier in March, SHIB had witnessed double-digit gains that pushed its price to $0.000045, soaring almost half its all-time high of $0.00008616 in October 2021.

Recession, war, rising inflation—history has shown that these conditions consistently reappear, and when they do, they signal a systematic change in the global economy. With dramatic change comes risk, fear, and volatility. According to Ray Dalio, every 100 years or so, situations where the hegemony of a global superpower comes to an end always create new beginnings, and therefore, opportunities abound.

After the Wall Street Crash of 1929, the Great Depression, and two World Wars, what came of the disaster was the birth of a booming stock market and the Information Age that ultimately resulted in computers, smartphones, and the internet. Although global markets are explosive and confusing due to ongoing conflict, rising interest rates, currency debasement, and more, we could be on the cusp of a new once-in-a-lifetime opportunity.

AI is already one example of how life will change forever. But it’s not the only one. Cryptocurrencies, too, will play a critical role in the future. Investors globally recognize this shift, relying less on storing the US Dollar and increasingly seeking borderless assets, such as cryptocurrencies. 

The acceptance of this asset class is also rapidly growing, as evident by the approval of several spot Bitcoin ETFs. This is a clear sign that cryptocurrencies are here to stay, and investing in them now could be a smart move for your future financial security.

Despite recent growth and adoption in crypto, the nascent asset class is only a fraction of what it will ultimately become. For example, the cryptocurrency market is valued at a combined $2.1 trillion. This is the same current valuation as that of one company: NVIDIA. Apple and Microsoft are worth more at $2.6 trillion and $3 trillion, respectively. Gold is worth over $16 trillion today.

These figures are just a glimpse of what could eventually occur in the crypto market. If this sounds unimaginable, those scared following the Great Depression and World Wars wouldn’t have anticipated the decades of prosperity that immediately followed.

The same fear could prevent those scared today from potentially participating in what becomes a thriving crypto market—much like in the past; the stock market was shunned for this very reason. Avoid missing out on the opportunities ahead and skip out on the fear by leveraging the experience of experts through copy trading.

Copy Trading and the Mechanism Behind It

Copy trading is a new feature available in the cryptocurrency space that allows users with no trading experience to replicate the trades and strategies of other experienced traders on the same platform. 

Experienced traders share their portfolios and return on equity (ROE) with their followers to enable them to adapt a strategy for copying these trades. This gives cryptocurrency novice traders a glimpse of potentially proven traders, as they do not need to analyze trades or develop their own trading strategies. 

With the emergence of institutions and big players in the cryptocurrency space due to the Bitcoin spot ETF, copy trading has become a big advantage for investors as they look to maximize returns while paying attention to other aspects of trading that interest them. 

Despite global changes, banks and institutions have all spoken about creating digital national currencies to boost the interaction of digital currencies by retailers, as the use of fiat currencies has declined significantly in the past decade. 

These have highlighted a shift and mass adoption of digital assets, including the crypto space. Developing and exploring better trading strategies will foster profitability for many looking to tap the potentials of the cryptocurrency market. 

Copy Trading Records Over 93% Success Rate Than Spot Trades

There has been a surge in derivative trading in the crypto market over the past few months due to retailers’ high demand for copy trading as shown from the data above. This requires little to no trading experience with a good ROE on assets compared to manual trading of digital assets.

The fast-growing derivative market has created a need for more automation, with AI algorithms shaping the financial market and enhancing the trading experience. According to CCData, in April, copy trading drove the volume of crypto derivatives by 77%, with over $2.13 trillion invested in copy trading. 

Notably, users in 2024 have a stronger inclination towards copy trading than in the past when users entrusted their trading to experienced traders and brokers to trade and remit profit to them. With market changes and economic influences, this type of trading is more accepted now than manual trading.

The leaderboard shows astronomical gains by users and experienced traders, highlighting the potential copy trading has had over the past few months. This could be a game changer for many users leveraging this trading strategy for either medium—or long-term investment.

How To Explore Crypto Assets Without Any Experience 

Trading requires experience and practical skills. These skills often require years of practice and honing to mastery. 

The most successful traders have been in the crypto space for at least five years, acquiring technical, fundamental, and macroeconomic skills to stay ahead of market trends. It is nearly impossible for users looking to invest to quickly attain such fluency and mastery.

The copy trading strategy bridges the gap between experienced and users as this automated form of trading becomes a tool with many advantages in the dynamic market. 

This is another form of trading that gives users endless opportunities to make good profit returns by investing in digital assets with little knowledge of the space. 

Crypto Investing

Cryptocurrency investing and other financial markets provide enormous opportunities for traders to earn high returns on investments while holding digital assets with good use cases.

Although this form of trading has been adopted by many, it requires basic trading knowledge. Exponential profit return on investment requires a solid knowledge of technical and fundamental analysis of digital assets and their use cases. 

Cryptocurrency investment has a great upside potential but also possesses a downside for new and inexperienced traders.

1. High risk, high rewards – There are over 10,000 cryptocurrencies in the market today, providing limitless opportunities for traders looking to invest in different tokens with high rewards within a short time. Prices of digital assets are driven by demand and use cases surrounding them. With supply and demand dynamics in play for such digital assets, there is a high-profit return for many investors. 
2. Secure and fast mode of payment – Key features of investing in digital assets are linked to the currencies themselves, as they are a good way for fast transactions on the blockchain with high-security measures compared to traditional financial institutions, which have limitations to cross-border payment systems.

Disadvantages of investing into cryptocurrencies include the following;

1. Understanding cryptocurrency takes time and effort – Becoming an expert trader takes years and consistent practice as the concepts of blockchain, cryptocurrencies, trends and adapting to new technologies can perplex beginners.
2. Extremely volatile investment – While the price of cryptocurrencies can rally to unimaginable highs, they can also fall to terrifying lows quickly. Without proper market orientation, it becomes difficult for many traders to remain profitable.

Copy Trading 

Copy trading, like investing, is a very innovative strategy for trading digital assets that allows people with no trading expertise to automatically replicate or mirror the trades of experienced traders using a trading platform like Margex. 

Upon selecting a trader to copy, all positions are duplicated within the follower’s account, and subsequent trades are initiated automatically. This allows traders to diversify and make profits while gaining better market experience and developing better strategies. 

The pros of copy trading includes the following- 

1. Easy to use – One of the biggest advantages of copy trading is its ease of adoption for novice and inexperienced traders and investors with little to no trading experience. Considering this key factor, Margex has spent more on copy trading to help traders enjoy the best possible experience when copying crypto assets.
2. Time Saving – Copy trading strategy remains one of the biggest tools for saving time when trading digital assets as all processes are automated to enable traders to make a profit and replicate the process. 

A key downside to copy trading is that it takes away trading decisions from the copier and requires a constant change of strategy that will allow for better profit return while reducing risk exposure.

Margex Copy Trading Explained 

Margex copy trading is aimed at helping traders recreate successful trades of top-performing traders in the crypto industry with just a few clicks. Margex’s approach to copy trading sets them apart from other trading platforms as they allow copiers to leverage different traders and strategies to become profitable on their copy trades with no extra commissions on successful trades. 

Margex has spent a lot of money and effort ensuring traders, both novice and expert, have a seamless trading experience. Much interest has been placed on the usability of its platform. 

How can you copy the trades of experienced and profitable traders on Margex as a new or beginner trader in just a few steps? 

1. Create an account on Margex or login with your details if you have one

2. Deposit with as little as $10 to start your copy trading journey by clicking on deposit

3. To start following a strategy, click the copy trading page to view the leaderboard and make your decision on which trader you wish to follow

4. Create your strategy, then decide on a strategy you wish to follow depending on the trader’s ability, such as return on equity (ROE), equity size, Percentage equity split among followers, and strategy age of experienced traders

5. Click follow and confirm your decision in the confirmation window while you allocate the amount you wish to use for the strategy and click FOLLOW NOW

Why Margex

Margex, a crypto trading platform, boasts about its robust, modern copy trading platform, which is highly focused on the usability of traders, both beginners and advanced, and offers a wide range of digital assets to trade.

Having spent over $3 million redesigning its platform and adding new features, Margex introduces a zero-fee converter for traders to enhance the swapping of different crypto assets without extra fees. 

Margex also plans to introduce its dynamic crypto wallet for traders, which will further promote a secure and intuitive means of storing digital assets in one place. 

Other advantages of using Margex copy trading arena include:

• Low entry barrier for as low as $10
• No trading experience is needed
• Matching return on equity (ROE)
• Daily profit withdrawal for all copy traders

В 2024 году цена биткоина может достичь отметки $122 000, а к концу года закрепиться на уровне $109 000. Платформа Finder представила итоги опроса 31 эксперта в области криптовалют и финансовых технологий.

Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance.

Paolo Ardoino, CEO, emphasized the strategic pivot: “Thriving together is in our DNA. We disrupted the traditional financial landscape with the world’s first and most trusted stablecoin. Now, we’re daring to kickstart inclusive infrastructure solutions, dismantling traditional systems for fairness,” highlighting the company’s vision for a future-oriented financial system.

The 4 New Divisions Of Tether

Tether Data, the Strategic Investments in Technology Division, aims to push the boundaries of digital possibilities through significant ventures and investments in emerging technologies such as artificial intelligence and peer-to-peer platforms. This division has already made its mark with investments in Holepunch, a platform that has pioneered advanced P2P technologies like Keet and Pear Runtime, and Northern Data Group, a leader in AI technology.

Tether Finance, serving as the Digital Asset Services Division, will continue to support and expand upon Tether’s stablecoin offerings while also developing new blockchain-based financial infrastructures. Among its upcoming projects is a digital asset tokenization platform expected to facilitate mainstream digital asset adoption.

Besides USDT, the company also manages a variety of other stablecoins, such as the Euro-denominated EURT (EURT), the offshore Chinese Yuan (CNH₮), the gold-backed Tether Gold (XAU₮), among others.

In addition, they have been actively acquiring Bitcoin over the past, purchasing 8,888 BTC for $618 million in late March 2024. Currently, the company’s total Bitcoin holdings amount to 75,354 BTC, which were acquired at an average price of $30,305 each.

Tether Power focuses on sustainable Bitcoin Mining and Energy. This division is committed to environmentally responsible Bitcoin mining practices, aiming to align with global sustainability goals while maintaining the integrity of the Bitcoin network.

Lastly, Tether Edu, the Digital Education and Advancement Transformation Division, is dedicated to enhancing global access to digital education, particularly in blockchain and peer-to-peer technologies. Edu supports various educational initiatives and public-private partnerships, including the noteworthy Plan B project in Lugano and investments in the Academy of Digital Industries.

Tether’s expansion into diverse sectors represents a paradigm shift from being primarily a stablecoin provider to a multi-faceted organization aiming at inclusivity and technological empowerment. This strategic realignment not only diversifies the company’s operational focus but also sets a precedent in the digital asset industry for companies aiming to contribute holistically to a future-proof financial ecosystem.

At press time, Bitcoin traded at $62,067.

Крупнейшая криптобиржа мира Binance уведомила клиентов, что конвертировала весь Фонд экстренного страхования и безопасных активов (SAFU) в стейблкоины USDC.

Dogecoin and XRP have seen varying performances over the last few weeks, going from bullish to bearish. As the market progresses into the highly anticipated Bitcoin halving event, crypto analysts have begun to give their predictions for where the market is headed for the next year in the expected bull market. This time around, it is crypto analyst Ash Crypto, who revealed his predictions for where the price of Dogecoin and XRP, among others, are headed.

Dogecoin And XRP 12-15 Months Prediction

In a post on X (formerly Twitter), Ash Crypto made his one year predictions for the prices of Dogecoin and XRP going forward. The specific timeframes for these price targets were placed at the 12-15 months, which means they are expected to fully play out sometime in 2025, which is when the bull market is expected to peak.

For Dogecoin, the crypto analyst predicts a $1 price target by 2025. Now, given Dogecoin’s current price of $0.14, it means that the analyst expects a less than 1000% move for the meme coin, which, for meme coins, can be said to be quite disappointing. Additionally, it would put the market cap of the meme coin at around $150 billion, give or take, depending on how much the DOGE supply grows until then.

The next interesting prediction on the list is that of XRP. Now, XRP has disappointed investors over the last four years as it has been unable to replicate the bullish moves of other altcoins in the space. Even with Judge Analisa Torres declaring that programmatic XRP sales did not classify as a security offering, the XRP price still failed to reach $1.

However, Ash Crypto believes that the price of the meme coin will eventually cross this level, reaching as high as $5 in the bull market. More specifically, the crypt analyst puts the possible price points between $3 and $5. From its current value of $0.49, it would mean that XRP would rise around 600% to reach $3 and around 1,000% in order to reach $5.

Reaching these targets would put the market cap of XRP as between $165 billion and $275 billion going by current supply. However, with token unlocks happening every month, this market cap figure would be much higher if the price grows that high.

Ash Crypto’s Other Predictions

In addition to Dogecoin and XRP, the crypto analyst also made predictions for 11 other cryptocurrencies. Top of the list is Bitcoin, who moves are expected to lead the market. The analyst predicts that the pioneer cryptocurrency will rise between $100,000 and $250,000.

For Ethereum, Ash Crypto expects another 4x to 5x move for the second-largest cryptocurrency by market cap, putting it between $10,000 and $15,000. This is followed by Binance’s BNB, which the analyst expects to reach between $900 and $1,400.

Solana’s prediction is between $450 and $650, Polkadot is between $100 and $120, and Chainlink at $250 and $500. Others mentioned include Avalanche at $200-$300, Internet Computer at $120-$160, Injective at $180-$250, Celestia at $100-$150, and MANTA at $30-$70.

Руководитель Ассоциации промышленного майнинга России Сергей Безделов объявил, что стране срочно необходимо законодательство для регулирования майнинга криптовалют. Оно поможет увеличить мощности действующих ферм и способствовать пополнению госбюджета.

Американская Tether, эмитент стейблкоина USDT, объявила о выделении в отдельные дочерние структуры четырех направлений своего бизнеса: обработку данных, финансы, энергетику и образование.

Команда аналитиков американского инвестиционного банка JPMorgan ожидает снижения курса биткоина после халвинга. Специалисты корпорации сделали вывод после анализа открытого интереса к фьючерсам на первую криптовалюту.

Popular economist and vocal opponent of Bitcoin Peter Schiff has issued a warning to the cryptocurrency community, predicting that BTC Spot Exchange-Traded Funds (ETFs) buyers will soon start bailing out as they become overwhelmed by the volatility in the market.

Bitcoin ETF Buyers Will Soon Bail Out

Being known for holding unconventional opinions, investors are drawn to Peter Schiff‘s cautious approach, which raises the possibility of market instability. According to Schiff, the price of Bitcoin is currently trading below 26 ounces of Gold, which is a 30% drop from its record high witnessed approximately 2 and half years ago.

He further noted that the long-term bear market for Bitcoin is picking up speed again, and all the new investors of BTC ETFs will be riding along for the trip. As a result, he believes that these investors will bail out shortly given the market turmoil’s growth.

The post read:

Bitcoin is trading below 26 ounces of gold. That is a 30% decline from its record-high set 2.5 years ago. Bitcoin’s long-term bear market is gathering renewed momentum, just in time to take all the new Bitcoin ETF buyers along for the ride. My guess is soon they will bail out.

Schiff’s prediction may be fueled by the recent shift in interest seen toward BTC ETFs in the past few days. Earlier this week, there was a noticeable drop in interest in the US ETF market, with several ETF issuers recording zero or no net inflows.

Farside revealed that Blackrock’s Bitcoin ETF was the only company to have attracted inflows in days. Blackrock’s IBIT saw net inflows of $73.4 million on Monday, according to Farside data. While Grayscale saw a net outflow of around $110 million, other asset companies reported net inflows of $0.

The development has since triggered a wave of speculations in the cryptocurrency market with several members claiming that Farside must have had a bug because it is too coincidental and too many fund flows cannot be zero. However, Bloomberg Intelligence analyst James Seyffart weighed in on the subject noting the development is perfectly normal.

“On any given day, the vast majority of ETFs will have a flow number of zero, this is very normal,” he stated. Seyffart further pointed out that on Monday, 2,903 of the 3,500 ETFs in the US had a flow of exactly zero.

Creation Of ETF Shares

Seyffart clarified that creation units are used to generate or destroy shares and this only occurs when the supply and demand are out of balance. Specifically, these creation units are where ETF shares are developed and redeemed, and the size of each ETF’s creation unit may vary.

Blocks of shares, ranging in size from 5,000 to 50,000, comprise the BTC ETFs. Thus, there needs to be a significant mismatch that is bigger than a creation unit to warrant tapping the underlying market.

As the crypto sector struggles with fluctuating sentiment, Schiff’s insights highlight the difficulties associated with investing in digital assets. It also serves as a sobering reminder for market players to be cautious given the evolving cryptocurrency landscape.

Денежно-кредитное управление Гонконга (HKMA) начало сравнивать преимущества розничной и оптовой версии государственных стейблкоинов (CBDC): каким образом цифровая валюта ЦБ может влиять на экономику этого особого административного региона Китая.

Prominent Bitcoin advocate and co-founder at CMCC Crest, Willy Woo, has sparked a spirited discussion surrounding the future of Bitcoin and its potential impact on younger generations.

In a recent Twitter exchange with Jesse Colombo, Director of Marketing at BullionStar, Woo disputed the characterization of Bitcoin as a risk asset and instead painted it as a beacon of hope and empowerment for the youth.

This debate comes at a time when Bitcoin’s status as a crisis hedge is being challenged due to a recent drop in its price while gold and silver experienced gains.

Bitcoin is down nearly 4% today while gold and silver are up nicely today.

That’s further confirmation that Bitcoin is a risk asset (like high-flying, speculative tech stocks) rather than a crisis hedge, which is why it doesn’t interest me.$BTC $GLD pic.twitter.com/MPqncxs6MC

— Jesse Colombo (@TheBubbleBubble) April 15, 2024

Challenging Conventional Notions: Bitcoin’s Potential For Empowering The Youth

Woo’s response to Colombo’s criticism stands as a testament to his unwavering optimism about Bitcoin’s future. He argues that traditional “risk-off” assets primarily benefit older generations and nation-states, while Bitcoin offers a transformative force that can empower the younger generation.

Drawing parallels to the early days of the internet, Woo sees Bitcoin as a symbol of optimism and a catalyst for exponential growth, challenging conventional notions of wealth accumulation and investment.

The new #Bitcoin ETFs brings price targets of $91k at the bear market bottom and $650k at the bull market top once ETF investors have fully deployed according to asset manager recommendations***.

These are very conservative numbers. #Bitcoin will beat gold cap when ETFs have…

— Willy Woo (@woonomic) April 15, 2024

Bullish Projections: Willy Woo’s Optimistic Stance On Bitcoin

Amid the ongoing discussion, Woo’s bullish projections received a significant boost with the recent approval of Bitcoin spot ETFs in Hong Kong. His rough estimations result in remarkable projections, with a predicted price of $91,000 during bear market bottoms and an astonishing $650,000 at the peaks of bull markets.

These projections are based on the expected influx of capital from ETF investors, as anticipated by asset managers. Woo’s vision suggests that Bitcoin’s market capitalization could soar to new heights, potentially surpassing that of gold.

Woo compares the rise of Bitcoin to the massive gold bull run that followed the ETF’s adoption. He sees Bitcoin as a harbinger of change in traditional wealth protection and investment strategies, with institutional investors increasingly embracing cryptocurrencies and integrating them into the mainstream financial landscape.

As institutional interest in cryptocurrencies continues to grow, Bitcoin stands poised to usher in a new era of financial prosperity, particularly for younger generations seeking alternative paths to economic empowerment in an ever-changing landscape.

Featured image from Pixabay, chart from TradingView

Средняя комиссия в сети биткоина выросла до отметки $19,4, говорят цифры BitInfoChart. Причина: в конце апреля должен состояться релиз платформы Runes, которую создатели позиционируют как более простую альтернативу протоколу Ordinals.