🇺🇸 VanEck admits ETF marketing violation, agrees to SEC fine
VanEck will pay a $1.75 million fine to resolve United States Securities and Exchange Commission (SEC) charges linked to its 2021 launch of a social media-focused exchange-traded fund (ETF). The SEC imposed a civil penalty on the investment adviser. On Feb. 16, the SEC revealed in a statement that during the VanEck Social Sentiment ETF launch in March 2021, VanEck did not fully disclose the participation of a prominent social media personality in marketing the product.
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@TradeCryptoNow
💰 Billionaire Stanley Druckenmiller says he should own Bitcoin
“It’s clear young people look at #bitcoin as a store of value. It’s a brand. I don't own any, but I should.”
- Stanley Druckenmiller
@TradeCryptoNow
💰 Stablecoin regulations are coming.
Coinbase's Grant Rabenn and Circle's Caroline Hill just requesting congress to crack down and issue enforcement actions on their competitors.
@TradeCryptoNow
🪙 Chainlink and Telefonica join forces to combat SIM swap attacks as LINK up 30% in Feb
Chainlink has secured a strategic partnership with Telefonica, a global telecommunications powerhouse, to secure the connection of Web3 smart contracts with Global System for Mobile Communications Association (GSMA) Open Gateway APIs. The first use case will involve the SIM SWAP API. According to Telefonica, the API integrates SIM swap detection and management functionality into applications and enhances security by identifying potentially fraudulent activity.
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@TradeCryptoNow
💰 Bitcoin Favored in Human Trafficking, Child Exploitation: FinCEN Report
Based on financial firms' government filings in 2020 and 2021, that period saw an upswing in the use of crypto – most commonly bitcoin – in crimes that included human trafficking and the sexual exploitation of children, according to the trend report released by the Treasury's Financial Crimes Enforcement Network (FinCEN). In those two years, the analysis found 2,311 reported uses of crypto in such crimes, amounting to more than $412 million.
Source
@TradeCryptoNow
📉 Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation
Bitcoin (BTC) fell below $49,000 Tuesday after a hotter-than-anticipated U.S. inflation reading weighed on interest-rate cut expectations. The largest crypto by market capitalization slipped about 2% to $48,700 from slightly above $50,000 earlier in the day, while the broad-market crypto index CoinDesk 20 (CD20) lost 2.4%.
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@TradeCryptoNow
💰 Ethiopia Emerges as Prime Destination for Chinese Bitcoin Miners
According to a report by the South China Morning Post, this shift towards Ethiopia gained momentum last spring. The local media started observing cargo containers near electricity substations linked to Africa’s largest hydroelectric project, the Grand Ethiopian Renaissance Dam (GERD). Bloomberg cites Luxor Technology, estimating that Ethiopia has risen to the top tier of destinations for Bitcoin mining equipment shipments, with a significant portion being contributed by Chinese miners.
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@TradeCryptoNow
💰 CleanSpark Anticipates Doubling Operating Hash Rate Ahead of Bitcoin Halving
CleanSpark expands operations with four new mining facilities, boosting hashing power ahead of the Bitcoin halving. CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic reach.
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@TradeCryptoNow
💰 BlackRock, $BLK, CEO this year: Bitcoin is no different than what gold was for thousands of years...it's an asset that protects you.
@TradeCryptoNow
Exchange: KuCoin
New Trade for #FRR/USDT (Chart: 2 Hour TF)
FRR/USDT Looks good on 2 Hour time frame moving along rectangular support price has taken reversal several times from here. Also on a Breakout.
◼️Entry: $0.00016800 - $0.00015564
🟢 Target 1 : 0.00017567
🟢 Target 2 : 0.00018408
🟢 Target 3 : 0.00020152
🟢 Target 4 : 0.00021897
🟢 Target 5 : 0.00025193
🛑SL : 0.00014853
@ChartsSignalsTrading
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 💰 #Bitcoin ETFs officially the most popular ETFs in Wall Street history!
@TradeCryptoNow
💰 Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself 'World's First Bitcoin Development Company'
Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value proposition, even when compared to spot bitcoin exchange-traded funds (ETFs). “We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy, and technology innovation,” Microstrategy detailed.
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@TradeCryptoNow
🪙 Ether options open interest indicates bullish sentiment about potential May spot ETH ETF approval, analyst says
The crypto derivatives market is suggesting continued excitement in the market regarding the potential approval of a spot Ethereum ETF by the end of May, an analyst said. "Traders seem to be adjusting their ether options contracts with the May 23 date in mind," Bitfinex Head of Derivatives Jag Kooner told The Block. The final approval decision deadline for spot ether ETF applications submitted by asset managers VanEck and Ark/21Shares to the U.S. Securities and Exchange Commission is May 23.
Source
@TradeCryptoNow
🇺🇸 SEC delays Invesco Galaxy spot 🪙 ETH ETF, but May decisions are still expected
The U.S. Securities and Exchange Commission (SEC) extended the decision period for Invesco and Galaxy’s spot Ethereum ETF on Feb. 6. The SEC said that the proposed rule change was published for comment in the Federal Register on Nov. 8, 2023. The agency then designated a longer period for approval on Dec. 13, 2023, extending the period during which it could approve, disapprove, or institute proceedings around approval or disapproval.
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@TradeCryptoNow
💰 Brazilian Tax Authority Reports Bitcoin Irregularities in Over 25,000 Statements
The Brazilian tax authority has reported identifying cryptocurrency irregularities in more than 25,000 tax statements. After a country-wide investigation, the institution detected that 25,126 individuals who possessed at least 0.05 BTC failed to include these holdings in its income tax statements, opening the doors for receiving fines or being charged for crimes against the tax system.
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@TradeCryptoNow
🟠 US prosecutors ask judge to approve Binance plea deal
US prosecutors filed a sentencing memo on Feb. 16 asking a federal judge to sign off on the Binance plea deal, Bloomberg News reported. The plea deal entails Binance paying one of the largest criminal penalties in US history, amounting to $4.3 billion. The plea deal also requires that Binance be monitored for five years to ensure compliance with regulations.
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@TradeCryptoNow
💰 Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings
Crypto Intelligence firm Arkham Intelligence has reportedly identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings. According to a Feb. 16 post on social media platform X (formerly Twitter), MicroStrategy, which recently repositioned itself into a BTC development company, holds 107,000 BTC of the top digital asset with Fidelity, while 79,000 BTC is held in segregated custody, including Coinbase Prime.
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@TradeCryptoNow
📣 MicroStrategy now holds $10b worth of 💰 Bitcoin, Investments currently have $4 billion in unrealized profits
@TradeCryptoNow
💰 Bitcoin forks down up to 70% against BTC in since all-time high
Major Bitcoin forks, including Bitcoin Cash (BCH), Bitcoin SV (BSV), and eCash (XEC, formerly Bitcoin Cash ABC), have experienced significant price depreciation against Bitcoin (BTC) since its all-time high in November 2021. BCH declined by 48%, BSV by 42%, and XEC suffered a substantial 71% loss against BTC during this timeframe. However, as Bitcoin began to recover from January 2023, the forks then started to retreat.
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@TradeCryptoNow
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 💰 Wall Street institutions BlackRock and Fidelity are in a close competition to manage the most Bitcoin for clients.
@TradeCryptoNow
💰 Less than 10,000 blocks to the next Bitcoin halving
The countdown to Bitcoin’s highly anticipated halving event is on, with fewer than 10,000 blocks left as of Feb. 12. According to the Bitcoin Halving Clock, approximately 9,843 blocks remain before the event, which is estimated to occur by April 17. The halving event is significant for the crypto industry because it enhances Bitcoin’s scarcity by reducing miner rewards. CryptoSlate Insight reported that the event would slash the number of BTC produced daily by miners to 450 BTC from 900 BTC.
Source
@TradeCryptoNow
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💰 Bitcoin's Price Soars Past $48K, Nears $1 Trillion Market Cap Amidst Bullish Momentum
On Saturday, Feb. 10, 2024, bitcoin’s price soared beyond the $48K mark, reaching heights unseen since prior to Dec. 28, 2021. On Sunday, the leading digital currency maintained its robust momentum, consistently staying above the newly established price level. Over the last 24 hours, the crypto asset’s value has risen by over 2.6%, and it has gained more than 12% relative to the U.S. dollar in the past week.
Source
@TradeCryptoNow
💰 Cloud Bitcoin Mining Firm BitFuFu Seeks Public Listing
BitFuFu, a prominent player in the cloud bitcoin mining industry, is making strides towards a public listing in the United States. Backed by Bitmain, the firm is eyeing an initial public offering (IPO) through a Special-Purpose Acquisition Company (SPAC) merger. The firm initially planned to go public in January 2022 through a merger with Arisz Acquisition Corp. The anticipated debut on the stock market was set for the third quarter with a pro forma enterprise value of almost $1.5 billion.
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@TradeCryptoNow
💰 Citrea Proposes First ZK Rollup to Make Bitcoin the All-Chain
Citrea, a project that aims to scale Bitcoin through ZK rollups, came out of stealth on Tuesday. The project aims to become a pathway for several initiatives to take advantage of the decentralization and security of Bitcoin while at the same time contributing to scaling and giving developers the ability to adapt Ethereum Virtual Machine (EVM) apps into the protocol.
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@TradeCryptoNow
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: 💰 The world’s largest bitcoin mine begins construction in Texas.
Riot's Corsicana Facility will harness an impressive one gigawatt of electricity. The project will cost an estimated $333,000,000.
@TradeCryptoNow
#BTC Update:
What a pump 📈
BTC pumped right after the trendline breakout we discussed earlier
Bulls are in control, but watch out for potential resistance levels ahead.
@ChartsSignalsTrading
💰 Bitcoin’s hash rate soars to record heights
Bitcoin’s hash rate has reached an unprecedented high, marking a fourteen-day moving average of 566 exahashes per second (EH/s). This surge follows Feb. 2, a 7.3% rise in difficulty adjustment, bringing it to a record-setting 75.50T. Over the past three weeks, since the Texas freeze-induced low, the hash rate has skyrocketed by 12%, further reinforcing the network’s resilience to external shocks.
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@TradeCryptoNow
💰 Solana confirms outage on mainnet, engineers are investigating
Solana has confirmed an outage on its blockchain, causing block progression to halt. “Engineers from across the ecosystem are investigating an outage on mainnet-beta,” Solana stated in an incident report. “Solana mainnet-beta is experiencing a performance degradation, block progression is currently halted, core engineers and validators are actively investigating,” blockchain software company and Solana validator Laine posted on X.
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@TradeCryptoNow
🪙 ENS collaborates with GoDaddy to link web domains with blockchain names
Ethereum Name Service has partnered with domain registrar GoDaddy to allow users to link their domain names to ENS, aiming to connect the DNS protocol used by all traditional websites with the blockchain-based names. The collaboration will bridge the gap between traditional DNS and blockchain technology, with no additional costs or technical expertise required for users.
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@TradeCryptoNow