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On-chain data shows the Bitcoin mining difficulty has risen by 4% recently as the mining hashrate has approached all-time high (ATH) levels.

Bitcoin 7-Day Mining Hashrate Is Back Near ATH Levels

The “mining hashrate” refers to the total computing power that the miners have connected to the Bitcoin blockchain. This metric correlates with the network’s security.

To perform a successful 51% attack on the network, bad actors must gain control over at least 51% of the online mining rigs. When the hashrate goes up, the security naturally strengthens, as there are now more machines that an attacker needs to succeed.

Of course, this is only true if the new power being added to the network is properly decentralized. If the hashrate is centralized, the network risk may not decrease by the same degree if more power is added.

The hashrate also provides a look into the demand for mining cryptocurrency. Growth suggests that miners find the network attractive, while a decline implies that some miners find the chain unprofitable and have thus decided to disconnect.

Now, here is a chart that shows the trend in the 7-day average Bitcoin mining hashrate over the past year:

As displayed in the above graph, the 7-day average Bitcoin mining hashrate has registered an increase recently and has approached its ATH value setback in mid-March. The miners have decided to re-expand their facilities after dialing back earlier.

Besides measuring the total computing power, the hashrate can also be viewed as a representation of the competition between the individual miners.

On the Bitcoin network, block rewards that the miners receive are fixed in BTC value (except for during Halving events, when they are permanently slashed in half). The chain also aims to distribute them at a more or less steady rate, with a block added about every 10 minutes.

This means that even if the miners add more hashrate, they can’t use the extra power to process blocks faster. Thus, since the rewards stay the same, an increase in the hashrate means the share of every individual miner gets smaller.

A miner can only prevent this from happening if they also increase their hashrate by the same proportion as the network increase. Either way, an increase in the hashrate is bad news for the margins of the individual miners, as it means that competition has just become tougher.

To ensure this dynamic remains true, the Bitcoin network has the “difficulty” feature implemented. When the miners add more computing power, the block time initially shrinks as they leverage the extra hashrate to pump out blocks faster.

As a response, however, the network increases the difficulty, making it harder for the miners to solve blocks. Thus, any speed increase counteracts the extra computing power offered.

Following the latest hashrate increase, it’s not unexpected that the difficulty has also increased in the latest biweekly adjustment on the chain.

BTC Price

At the time of writing, Bitcoin is trading at $69,700, up 3% over the past week.

A recent Fortune Magazine report revealed that Dapper Labs, a prominent non-fungible token (NFT) company, was under investigation by the Securities and Exchange Commission (SEC) until September 2023. 

The internal agency document obtained by Fortune indicates that the investigation was abruptly closed, leaving many questions unanswered.

Dapper Labs Investigation Terminated By SEC Chief

Per the report, the SEC’s crypto and cyber unit chief, David Hirsch, terminated the “Dapper Labs, Inc.” investigation on September 29. However, the report does not disclose the reasons for the investigation, the duration, or the factors leading to its closure. 

Notably, the SEC did not provide the five-page recommendations associated with the report, and a spokesperson declined to comment on the investigation’s existence.

The SEC’s decision to close the Dapper Labs investigation follows settlements with Impact Theory and Stoner Cats, marking the SEC’s initial actions against the NFT industry. 

The agency argued that both projects offered and sold “unregistered securities” in alleged violation of federal law. Notably, Dapper Labs also faces an ongoing class action lawsuit in which plaintiffs allege that NBA Top Shot Moments, NFTs sold by Dapper Labs, are unregistered securities.

Caution Still Necessary?

The SEC’s closure of the investigation into Dapper Labs, one of the industry’s well-funded companies, may provide some reassurance to participants in the NFT market. 

However, securities lawyers caution that not all NFTs can be presumed safe, as the SEC has already indicated that certain transactions in NFTs could be considered securities transactions.

Legal experts such as Philip Moustakis, a securities attorney with Seward & Kissel, caution that the SEC’s closing of the investigation does not necessarily absolve Dapper Labs of any wrongdoing or guarantee an end to securities-related litigation. 

Interestingly, the ongoing class action lawsuit against Dapper Labs alleging unregistered securities in NBA Top Shot Moments continues to move through federal court.

SEC’s Ongoing Crackdown

Dapper Labs gained attention in 2017 with the launch of CryptoKitties, a blockchain-based game that allowed players to create and trade NFTs of cartoon cats. The success of CryptoKitties led to significant investments from renowned firms. 

Dapper Labs further expanded its presence with Top Shot, an NBA-endorsed marketplace for NFT-based video highlights. However, the NFT market experienced a substantial decline in 2022, leading to layoffs at Dapper Labs.

It is important to highlight that although the case above has been closed, recent developments indicate that the SEC’s enforcement actions and crackdown on the cryptocurrency industry show no signs of abating. 

Bitcoinist reported on Wednesday that the regulatory body issued a Wells Notice to Uniswap Labs, the software development company behind the decentralized exchange (DEX) Uniswap.

A Wells Notice serves as formal communication to the company, indicating that the SEC staff has concluded their investigation and is considering recommending enforcement action against them in response to their findings.

Featured image from Shutterstock, chart from TradingView.com 

Dogecoin investors have recently seen the crypto stalling at the $0.2 mark as bullish sentiment amongst whales and other traders starts to falter. Interestingly, DOGE has yet to have a tangible breakout above the $0.2 mark since March 31. In fact, the crypto went on a decline in the first week of April to reach as low as $0.1719. 

Despite having reversed some of this decline at the time of writing, Dogecoin has yet to perform as many investors would expect. Furthermore, chart formation shows the cryptocurrency could be stuck in a bearish pattern and on-chain data indicates whales are selling their DOGE holdings. At the same time, short-term holders have seen their holdings increase, which makes them vulnerable to selloffs.

Dogecoin Whales Are Selling

According to data from the on-chain analytics platform Santiment, the amount of Dogecoin in wallets holding between 10,000,000 and 100,000,000 DOGE has been in a freefall since the beginning of the month. The wallets have particularly decreased their holdings by 333 million DOGE in this timeframe. 

Whales often drive price action and sentiment in the crypto market, as evidenced by an accompanying fall in the price of Dogecoin. For example, the drop in the total whale balance has corresponded with an 18% drop in DOGE’s price from $0.2262 on March 28 to $0.1854 in the past 24 hours. 

Source: Santiment

Recent data from IntoTheBlock also shows a 6% increase in the holdings of short-term traders in the past 10 days. While this could signal a bullish trend among DOGE short-term holders, their trading nature spells a potential decline for the crypto. Unlike whales and long-term holders, short-term traders are known for holding their assets for only between one to three months, making their holdings vulnerable to selloffs any time soon which could lead to a drop in price.

What’s Next For DOGE?

At the time of writing, DOGE is trading at $0.1970, up by 4% in the past 24 hours. However, the bullish sentiment would need to flow to a majority of the whales for the crypto to keep up the bullish action. Increased selloff from large traders could change the sentiment of other investors, leading to a fall in the price of DOGE.  

IntoTheBlock recently noted that Dogecoin is facing a big resistance at $0.20 on its way to breaking a new yearly high. Notably, over 32,000 addresses are holding 3.78 billion DOGE at a loss at this price level. This means a break over this level could see a large bunch selling their holdings, which in turn could derail a price increase.  

Montenegro’s High Court has once again approved the extradition of Do Kwon, a key figure in the cryptocurrency Terra Luna crash, paving the way for a potential transfer to the United States. 

The decision came after the local Supreme Court overturned the previous decision to extradite Do Kwon to South Korea, requiring the extradition process to begin again.

Montenegro Court Clears Path For Do Kwon’s Extradition

According to South Korean media reports, the likelihood of Do Kwon’s repatriation to the United States has increased due to the stance of the Attorney General, who has the final decision-making power. 

On Wednesday, the Podgorica High Court in Montenegro ruled in favor of Kwon’s extradition, saying that the legal requirements for extradition to both South Korea and the United States had been met. 

However, Marija Rakovic, head of public relations at the Podgorica High Court, confirmed that Justice Minister Andrej Milovic would make the final decision regarding the extradition case.

The previous extradition decision by the Podgorica High Court, which took place in November last year, was invalidated due to the Supreme Court’s ruling. 

Following a request from the Supreme Prosecutor’s Office to determine its legality, the Supreme Court overturned the decision because it exceeded the court’s authority. 

The Supreme Court clarified that the court’s role is to assess whether the legal requirements for extradition are met, while the decision to approve or prioritize extradition lies with the competent minister.

Consequently, the Podgorica High Court had to repeat the extradition review process, ultimately permitting Do Kwon’s extradition and leaving the final decision in the hands of Justice Minister Andrej Milovic.

Is Kwon’s Extradition To The US More Likely?

Despite the ongoing appeal process, speculation has arisen regarding the increased likelihood of Do Kwon’s extradition to the United States, primarily due to Minister Milovic’s expressed desire for Kwon to face legal proceedings in the US. 

Per the report, the defense team representing Do Kwon has a three-day window to appeal the decision once they receive the translated judgment from the Podgorica High Court.

Minister Milovic, in a local interview posted in November last year, emphasized the United States as Montenegro’s most important foreign policy partner, which may shed light on his position concerning Kwon’s extradition.

Do Kwon, the co-founder of Terraform Labs, disappeared shortly before the cryptocurrency Terra Luna crash in April 2022 and later surfaced in Montenegro after a journey through the United Arab Emirates and Serbia. 

Kwon was apprehended at a local airport on March 23 last year upon discovering a fake passport. Kwon served a four-month prison sentence for using the counterfeit document and was subsequently transferred to a foreign detention center upon his release on the 23rd of last month.

As the legal proceedings unfold, Do Kwon’s fate remains uncertain. The potential outcome is significantly impacted by the decision of Montenegro’s Minister of Justice, Andrej Milovic.

At present, Luna Classic (LUNC), the native token of the original Terra blockchain, is trading at $0.0001285, reflecting a 31% decrease in price over the past 30 days. However, LUNC has experienced a slight surge of 1.2% in the past 24 hours.

Featured image from WIRED, chart from TradingView.com

The Shiba Inu ecosystem has hit another remarkable milestone, surpassing four million total addresses on its network. This achievement comes amidst fluctuations in the cryptocurrency’s price and a string of sharp declines that have pushed its value below market expectations. 

Shiba Inu Total Addresses Hit 4 Million

The total number of addresses on Shiba Inu has now exceeded four million, according to data from IntoTheBlock. This achievement underscores the resilience and continued growth of the doggy-themed meme coin in the competitive market. 

Despite witnessing periods of high volatility and declines, the Shiba Inu network has continued to expand vigorously, underscoring the immense support and strength of its community. More importantly, Shiba Inu’s new milestone emphasizes an increase in its already extensive user base, fostering adoption and aiding the network’s growth and development. 

Earlier in March, the cryptocurrency recorded another milestone, surging by a whopping 170% in its daily active addresses, while the cryptocurrency’s daily trading volume exceeded $16 million. Notably, the Shiba Inu community has been a key factor in driving the ecosystem’s growth and cryptocurrency’s adoption rate. 

SHIB Price Struggles Below $0.00003

At the beginning of the year, the price of SHIB, the native token of the Shiba Inu ecosystem, had witnessed double-digit gains that pushed its price upwards above $0.00003. However, recently, the cryptocurrency has been on a decline trend, rising one moment before retracing and experiencing a price correction. 

Around February and March, the demand and interest for the doggy-themed meme coin surged to unprecedented highs, driving its market value and contributing significantly to its price increases. At the time, SHIB had been among the most popular cryptocurrencies, even hitting new records in Europe by emerging as the second most searched cryptocurrency on the continent.   

Currently, the value of SHIB is trading below market expectations at a price of $0.0000279, at the time of writing. The cryptocurrency displayed a slight uptick in the past week, increasing by about 4.7%. However, in the past month, Shiba Inu has been showing red candles, trading in the red zone for weeks and declining by 14.46%, according to CoinMarketCap. 

These price fluctuations have placed Shiba Inu’s market value in an uncertain position, as more declines could lead to anxiety and uncertainty from investors. Despite the recent bearish performance, SHIB’s price has stayed resilient, striving to keep its value above $0.000027 as the market volatility continues. 

For many investors, this decline will be seen as a buying and HODLing opportunity, as they anticipate a potential rebound in the cryptocurrency’s value to yield profits. 

While Bitcoin prices reject bear pressure, another historic shift is happening in the non-fungible tokens (NFTs) world. According to one analyst on X, Runestone, an NFT collection minted on Bitcoin, has recently gained popularity.

The Rise And Rise Of Runestone: A Bitcoin NFT Collection

The observer now notes that its value is halfway from flipping one of the most valuable collections on Ethereum, the CryptoPunks. This emerging trend, the “orange wave,” signifies a potential shift in the NFT landscape that will likely cement Bitcoin’s position.

Bitcoin is the most valuable coin by market cap, ahead of Ethereum. However, despite its mega valuation, the coin has lagged in other spheres because of its inherent lack of capability for smart contracts.

This is where Ethereum shines, as seen in the multiple innovations launched over the years, such as decentralized finance (DeFi), gaming, NFTs, and more.

The success of DeFi protocols like Uniswap or Maker, for instance, and the wild popularity of NFT collections like CryptoPunks and Bored Ape Yacht Club (BAYC), among others, are testaments to Bitcoin’s role in the sphere. However, this is about to change as innovators look to tap into Bitcoin’s security and broad base to launch DeFi protocols and even NFT collections.

According to the analyst, Runestone currently commands a total value locked (TVL) of over $731 million, roughly double that of BAYC. It is half that of CryptoPunks, but given its fast-rising popularity, it could narrow the gap with the most valuable collection in Ethereum. 

Runestone is an open-source protocol. The collection was minted to reward participants who participated in the first year of the Ordinals protocol. 

So far, CoinGecko data shows that 112,400 NFTs have been minted and distributed to 76,972 addresses. Runestone NFTs have a floor price of around $6,500 at spot rates. However, as demand increases, prices will likely increase even further, pushing the total TVL to $1 billion.

Runes Incoming: Will It Be A Game Changer?

Given the success of Runestone NFTs, it is likely that more collections will be launched on Bitcoin following the anticipated launch of Runes in the next few days. 

Runes, a new standard, will aim to improve the current BRC-20 standard by allowing the issuance of fungible tokens on Bitcoin. This development could open up more opportunities for developers to launch new solutions, leveraging Bitcoin’s superior security.

Since the surge of crypto assets in 2021, the value of NFT collections has been depressed over the last two years. BAYC, CryptoPunks, and other high-value collections on NFTs slumped by over 50%, which was made worse by the relatively high cost of minting on Ethereum. 

Additionally, the rise of meme coins shifted attention from NFT trading as traders scrambled to catch the next big meme coin wave launching on Solana, Ethereum, Avalanche, and even Ethereum layer-2 protocols.  

Despite already possessing more Bitcoin than over half the crypto community, numerous BTC whales continue to rapidly acquire the cryptocurrency. Thus, taking advantage of any slight dips in its price as buying opportunities to purchase and HODL the pioneer cryptocurrency. 

Whale Appetite For Bitcoin Continues To Grow

Usually, it might appear that investors with minimal amounts of Bitcoin would be the ones increasing their holdings by acquiring more of the cryptocurrency. However, recent data from CryptoQuant has suggested otherwise, indicating that the current demand for Bitcoin has actually been growing stronger from large-scale investors. 

According to the on-chain analytics provider, BTC’s demand growth has been around the highest ever, at 11% month on month. A significant portion of this demand comes from Bitcoin whales, who have been accumulating the token at a rapid pace. 

Julio Monero, the Head of Research at CryptoQuant revealed in a recent blog post that the BTC demand growth from large holders has been one of the major catalysts triggering price rallies in the cryptocurrency. The report indicates the appetite for Bitcoin among these whales has surged to unprecedented levels, underscoring the high value and acceptance of this pioneer cryptocurrency. 

Furthermore, with the Bitcoin halving event fast approaching, the hype surrounding the cryptocurrency’s future outlook has been growing steadily. The cyclic halving event could be one of the potential reasons for large-scale investors displaying an insatiable thirst for acquiring the cryptocurrency, as many crypto investors and analysts anticipate a bullish outlook for BTC following the halving event.

Crypto Analyst Reveals BTC’s Next Price Target

On Tuesday, April 9, popular crypto analyst, Ali Martinez predicted that Bitcoin could witness a surge to a new all-time high once it successfully breaks above $70,800.

Sharing a price chart illustrating BTC’s price movement based on a technical pattern, Martinez expressed enthusiasm for a potential bullish breakout for the cryptocurrency. The crypto analyst disclosed that if BTC could maintain a price above $70,800, the cryptocurrency’s next target could become $85,000. 

Additionally, market intelligence platform Santiment has revealed that possible declines in Bitcoin’s price are presently viewed as “dip buy opportunities,” as panic stays high to justify a potential recovery. 

At the time of writing Bitcoin is trading at $70,895, reflecting a 24-hour daily increase of 2.84% and a weekly increase of 6.94%, according to CoinMarketCap. The cryptocurrency has already successfully crossed Martinez’s $70,800 threshold, however, it remains to be seen if Bitcoin can effectively hold onto its new price point, to potentially amass gains up to $85,000.

EMURGO, a foundational arm of the Cardano network, has partnered with Huawei Cloud to amplify the network’s presence and enhance its cloud-based blockchain solutions. Announced on April 11, 2024, this strategic alliance integrates EMURGO’s blockchain prowess with Huawei Cloud’s formidable infrastructure, aiming to accelerate Web3 adoption across the region.

Cardano Expands In Asia

At the heart of this partnership is the establishment of a Cardano Validator Node on Huawei Cloud. This strategic integration will leverage Huawei’s expansive cloud infrastructure, offering unprecedented scalability and reliability to the network.

By combining Huawei Cloud’s robust computational resources and global network with Cardano’s advanced blockchain technology, this partnership aims to enhance the performance, scalability, and interoperability of Web3 applications on the platform.

A key aspect of this collaboration is the project’s access to Huawei’s Marketplace, a renowned platform frequented by leading enterprises globally. This integration will significantly extend the reach and applicability of Cardano’s Web3 solutions, fostering innovative applications and services within the blockchain ecosystem.

The partnership thus stands as a beacon of innovation, inviting developers to explore new frontiers in Web3 development on a secure and scalable cloud platform.

In expressing his enthusiasm for the partnership, EMURGO CEO Ken Kodama remarked, “This collaboration converges the traction of Huawei Cloud’s trusted cloud technology with Cardano’s network of blockchain developers and Web3 solutions, representing our shared vision to accelerate Web3 adoption while enabling transparency and trust in the cloud ecosystem.” Kodama’s statement underscores the strategic alignment of both entities in fostering an environment conducive to digital innovation and growth in the Asia Pacific region.

Rex Lei Yang, Managing Director of Huawei Cloud Singapore, highlighted the strategic advantage this partnership offers to Huawei Cloud: “Collaborating with EMURGO enables us access to an expansive network of Web3 developers and innovative solutions on the Cardano blockchain network. This is a significant step towards future-proofing Huawei Cloud’s business and solidifying our position as a leader in the cloud ecosystem.”

Furthermore, the partnership also underscores EMURGO’s commitment to extending the ADA ecosystem across major economies in Asia Pacific and Africa. With an established presence in regions including Singapore, Indonesia, India, and Japan, EMURGO aims to further cement its footprint, leveraging more than 3,000 stake pools or validators that secure the network.

The Cardano accelerator, Adaverse, and EMURGO Africa, are pivotal to this expansion, enhancing accessibility and utility across the continents.

At press time, ADA traded at $0.583.

Председатель комитета по финансовым услугам Палаты представителей Конгресса США, республиканец от штата Северная Каролина, уверен: все политические режимы, пытавшиеся остановить развитие биткоина, потерпели неудачу.

Shiba Inu saw a lull in its burn rate last week, which coincided with the decline in the price of the meme coin. During this time, the number of tokens being burned on a daily basis dropped tremendously, causing the burn rate to suffer. However, as this week draws to a close, there has been a turn in the tide, with the Shiba Inu burn rate seeing a massive uptick in its burn rate, spurred on by the lead developer of the project.

Shiba Inu Burn Rate Climbs 48,554%

According to data from the Shiba Inu burn tracking website, Shibburn, there has been a notable increase in the number of SHIB tokens being sent to the burn address. In the 24-hour period, a total of 87.76 million tokens have been incinerated, leading to a 48,554.74% spike in the burn rate.

Interestingly, the total number of tokens burned only came from two wallets. The first transaction was from the “0xb8001c3” wallet which sent a total of 61.9 million tokens to the burn on Wednesday. The next transaction would come only two hours later from the “0xa9d1e0” wallet, which carried 25.85 million SHIB tokens.

This was a huge difference compared to the prior day which had seen only 180,375 tokens burned in one transaction in a 24-hour period. This abysmal number saw the Shiba Inu burn rate fall drastically, leading to a 99.59% decrease in burn rate.

On the weekly timeframe, the burn rate is still performing poorly compared to the prior week, despite the surge in the last day. Shibburn’s data shows 275.57 million tokens burned in the last seven days, which constitutes a 4.63% decline.

What Triggered The Surge In The SHIB Burn Rate?

There are often various triggers for a surge in burn rates, ranging from improved community sentiment to the Shiba Inu team itself burning tokens. However, this time around, it was neither of those things as the current burn trend looks to be rather organic.

This could suggest a return in positive sentiment for Shiba Inu investors, especially when it comes to trying to reduce the number of SHIB tokens in circulation. By reducing supply, it enables demand to rise above supply, thereby increasing the meme coin’s price in the process.

SHIB’s price is currently seeing small gains of 0.32% after the burn transactions were carried out. However, with the Bitcoin price fluctuating and favoring a downtrend, the start to the recovery may only be short-lived.

Директор Управления по регулированию виртуальных активов Дубая (VARA) заявил, что регулятор изучает способы снижения затрат небольших компаний на соблюдение сложных правил регулирующего ведомства.

Политические причины экономических процессов. Геополитические и социальные вопросы в едином узле противоречий. Кто оплатит итоговый счёт? Экспертный четверг в прямом эфире программы «АВРОРА НА ЛИНИИ с...

Высокий суд Подгорицы подтвердил отсутствие юридических оснований, препятствующих экстрадиции сооснователя Terraform Labs в Южную Корею или США. Окончательное решение об экстрадиции должен принять министр юстиции балканской страны.

In a concerted effort to tackle the escalating threat of online fraud, state authorities in Thailand have joined forces, emphasizing the need to regulate peer-to-peer (P2P) transactions involving cryptocurrencies. Led by Prasert Jantararuangthong, the Minister of Digital Economy and Society (DES), the collaborative initiative aims to curb the rampant use of P2P channels by scammers to launder money obtained through illicit activities.

Amid growing concerns over the proliferation of online scams in Thailand, recent estimates suggest that the damage inflicted by fraudulent schemes amounts to a staggering 100 million baht per day. Shockingly, a significant portion of fraudsters, approximately 80%, exploit the unregulated nature of P2P cryptocurrency transactions to evade detection and traceability, posing a formidable challenge to law enforcement agencies.

Thailand: Regulatory Focus Sharpens On P2P Crypto Transactions

Recognizing the urgency of the situation, regulatory authorities, particularly the Securities and Exchange Commission (SEC), are spearheading efforts to develop stringent rules governing P2P cryptocurrency exchanges. With scammers increasingly leveraging digital assets to perpetrate fraud, the SEC emphasizes the necessity of adapting existing regulations to effectively supervise and restrict P2P transactions.

In response to Prime Minister Srettha Thavisin’s directive to demonstrate tangible progress within 30 days, Minister Prasert underscores the imperative of regulatory intervention to address the vulnerabilities inherent in P2P crypto channels. Failure to enact robust measures could prompt the introduction of a new regulatory framework aimed specifically at regulating P2P cryptocurrency purchases.

Collaborative Measures To Thwart Online Fraud 

The crackdown on online fraud in Thailand extends beyond regulatory adjustments, encompassing a multi-agency approach involving key stakeholders from the public and private sectors.

Representatives from the National Broadcasting and Telecommunications Commission (NBTC), the Anti-Money Laundering Office (Amlo), banking associations, and law enforcement agencies converge to devise comprehensive strategies to combat the scourge of online scams.

In a bid to disrupt the operations of fraudulent syndicates, authorities are intensifying efforts to integrate data and intelligence sharing among relevant agencies. The Anti-Online Scam Operation Centre (AOC), in collaboration with the DES Ministry, spearheads initiatives to collate information on mule accounts, SIM cards, and illicit online platforms, facilitating targeted enforcement actions.

Swift Action Against Mule Accounts And SIM Cards

The central bank and the Thai Bankers’ Association are taking decisive steps to stem the tide of online fraud by swiftly identifying and dismantling mule accounts utilized by scammers. Recent actions by Amlo have resulted in the closure of hundreds of thousands of mule bank accounts, dealing a significant blow to criminal networks engaged in fraudulent activities.

Meanwhile, the NBTC is leveraging its regulatory authority to address the proliferation of mule SIM cards in Thailand, mandating stringent identity verification measures for individuals possessing multiple SIM cards. By tightening controls on telecommunications infrastructure, authorities seek to disrupt the operational capabilities of fraudsters, thereby safeguarding the integrity of the financial ecosystem.

Featured image from Pexels, chart from TradingView

Американский предприниматель, инвестор и автор бестселлера «Богатый папа, бедный папа» представил новый прогноз стоимости биткоина в преддверии халвинга.

Кандидат в мэры столицы Великобритании намерен раздать каждому жителю новые токены LONDON по 100 фунтов стерлингов на горожанина и начать принимать цифровую монету к оплате за муниципальные услуги.

Famous acclaimed author and investor Robert Kiyosaki has publicly endorsed Cathie Woods’ Ark Invest audacious prediction on Bitcoin, demonstrating a noteworthy agreement of viewpoints toward the potential for the crypto asset to reach unprecedented heights.

This unity is evidence of the increasing number of people in the financial community who are confident that the asset has the potential to be a game-changer with exponential growth potential.

Bitcoin At $2.3 Million Is Not Unreasonable

In a February report titled “Big Ideas 2024,” Ark Invest made an intriguing projection that might have a significant effect on the cryptocurrency market, especially Bitcoin. The research examines multiple scenarios and projects the possible price movements of BTC depending on varying global asset allocation degrees.

Specifically, their analysis suggests that investing more than 19% of the world’s assets, valued at a whopping $250 trillion in BTC, may cause it to soar to an all-time high of $2.3 million. It is worth noting that the firm considers the asset as a trustworthy risk-off asset that is often viewed as a haven during times of market turbulence.

Starting off, Robert Kiyosaki highlighted his confidence in the bold prediction. He said that this is because he believes the firm’s Chief Executive Officer (CEO) Cathie Wood is incredibly intelligent and her judgment is reliable.

Although he noted that Wood’s forecast could be wrong, the crucial question here is what people in the community believe. However, amidst speculations about whether she could be right or wrong, the most important perspective to consider is how much Bitcoin an individual holds.

Should Cathie Wood’s projections prove to be correct, Kiyosaki asserts he will regret not acquiring more BTC over time. On the other hand, if she turns out to be wrong, he will be happy not to have owned any.

Even though Wood’s claims might be correct or not, Kiyosaki underscored ignorance within the crypto space, saying that the majority of people will still possess zero BTC. “School is the only place on earth where ‘smart’ people are people who never make mistakes,” he added.

According to the author, those who make mistakes and grow from them are the wealthiest and happiest persons in the real world. So far, Kiyosaki has commended the CEO for possessing the courage to make errors and learn from them, affirming that he also believes BTC will reach $2.3 million in the future.

A Supporter Of BTC

Aside from backing Wood’s viewpoints, the investor is a supporter of the largest cryptocurrency asset. Kiyosaki has been constantly advocating BTC, urging the crypto community to invest in the coin rather than in fiat currencies which usually he labels “fake money.”

The acclaimed author has also made several bullish price targets for BTC this year. He projects that the impending halving event expected to take place in April will cause Bitcoin to spike to $100,000 by September. Additionally, he claims that Bitcoin might peak at the $300,000 threshold before the end of the year.

10 апреля в Москве состоялось торжественное мероприятие «На всех одна Победа», приуроченное к 80-летию освобождения Одессы от немецко-фашистской оккупации. На протяжении многих лет Фонд поддержки и развития...

Журналисты изданий Finbold и Bits.media предложили чат-ботам с элементами искусственного интеллекта сформировать вариант эффективного, но ограниченного по сумме криптопортфеля в преддверии халвинга сети Биткоина.

Заместитель председателя комитета Государственной думы по информационной политике Антон Горелкин объявил о создании российского реестра майнеров криптовалюты.