Teetering Giant: The Bloomberg Close, Asia Edition  Bloomberg

A closely followed crypto strategist thinks that the leading smart contract protocol Ethereum (ETH) is positioning for a year-end surge. Pseudonymous analyst Inmortal tells his 199,000 followers on the social media platform X that Ethereum will likely see significantly higher prices before 2023 expires. In the coming weeks, however, the analyst says that ETH could […] The post Trader Predicts Year-End Rally for Ethereum, Updates Outlook on Bitcoin and One Low-Cap Altcoin appeared first on The Daily Hodl.

Ripple CTO wants ads on X removed as he advocates for subscription-based social media usage

Ukraine Halts Danube Checkpoint With Romania After Russia Attack  Bloomberg

BingX, a global leading cryptocurrency exchange, proudly announces its strategic sponsorship of the upcoming Future Blockchain Summit, ...

HTX cryptocurrency exchange was formerly Huobi. The hacker made away with ETH worth around $7.9 million. HTX’s native token experienced a slight decline after the hack. In a recent security breach, cryptocurrency exchange HTX (formerly Huobi) fell victim to a hacker, resulting in the loss of $7.9 million in Ether (ETH) as covered in our […] The post HTX hack: hacker offered 5% as a white hat incentive appeared first on CoinJournal.

Key takeaways Binance Japan is exploring the possibility of issuing a stablecoin in Japan by the end of 2024. The crypto exchange is working with MUTB, a unit of Japan’s MUFG.  Binance Japan plans to issue a stablecoin in Japan Mitsubishi UFJ Trust and Banking Corporation (MUTB) and Binance Japan Inc (Binance Japan) are currently […] The post Binance partners with MUFG to issue a stablecoin in Japan by end of 2024 appeared first on CoinJournal.

Leading crypto exchange Binance is working in partnership with Japan’s top bank, MUFG to study the issuance of a new stablecoin pegged to fiat currencies.  The exchange in a statement on Tuesday said Binance Japan Inc. is conducting a joint study with... The post Binance Partners MUFG to Issue Stablecoin in Japan first appeared on CryptocyNews.com.

Shiba Inu's price teeters on edge, threatening to shatter crucial support level

Recently leaked documents reveal that tech giant Microsoft plans to integrate cryptocurrency wallets into its Xbox gaming console. The leaked internal documents posted on the gaming forum ResetEra show that the Xbox roadmap for May 2022 included crypto wallet support. However, specifics about this planned integration were not shown. Phil Spencer, head of Xbox, attributed […] The post Leaked documents reveal Microsoft’s plans to bring crypto wallets to Xbox appeared first on CryptoSlate.

Quick Take Despite intensifying macroeconomic conditions, Bitcoin has demonstrated remarkable resilience, holding steady at $26,000. This is a noteworthy observation, considering the instability reflected in traditional markets. The Japanese yen is witnessing a swift depreciation against the dollar, currently at 149, indicative of the tumult in the Asian financial sphere. On the other side of […] The post Bitcoin shows resilience as traditional markets quake, yen stumbles, bond market looms with turbulence appeared first on CryptoSlate.

Taiwan's cryptocurrency industry is taking steps towards establishing an industry association in collaboration with its financial regulator. This move comes ahead of the expected release of official guidelines later this week.Cryptocurrency Sector in Taiwan Prepares for Regulatory FrameworkIn a collective statement, nine cryptocurrency firms have announced their intent to apply for the formation of an industry association by mid-October. To expedite the process, they have formed a dedicated working group.Since July 2021, Taiwan has mandated virtual asset services providers (VASPs) to adhere to anti-money laundering (AML) laws, as introduced by the Financial Supervisory Commission (FSC). However, beyond these AML regulations, the broader cryptocurrency industry in Taiwan has largely operated without formal oversight. The FSC is on the verge of unveiling comprehensive guidelines pertaining to cryptocurrency trading and payments for VASPs by the end of this month. Taiwan's Commitment to Enhancing Regulatory ComplianceIn anticipation of these guidelines, cryptocurrency companies are keen to establish an industry association that can develop self-regulatory rules aligned with the forthcoming regulatory framework.Wayne Huang, co-founder and Group CEO of Taipei-based crypto exchange XREX, expressed optimism about the FSC's impending guidelines. He believes that these guidelines could give birth to a new industry, providing legitimacy, oversight, a clear path for growth, and a means to gain public trust.The working group comprises nine firms, including prominent exchanges such as MaiCoin, BitoGroup, and ACE. Winston Hsiao, co-founder and Group CRO of XREX, has taken on the role of working group convener.A draft plan outlined by the working group indicates that once the industry association is established, it aims to encompass various types of crypto firms. This includes over-the-counter trading platforms, wealth investment platforms, custody services providers, and quantitative trading companies.As part of the forthcoming guidelines, the FSC intends to impose restrictions on offshore crypto exchanges operating in Taiwan without proper compliance registration. This move aligns with the government's commitment to ensuring regulatory compliance within the cryptocurrency sector.Binance is looking to get AML compliant in Taiwan.Only this week, they became the first fully licensed exchange in El Salvador.Since crypto is considered a commodity in Taiwan, regulations are relatively lenient.The odds are in Binance’s favor.After all the legal battles,… pic.twitter.com/WUEpUZqDeS— Dyor Exchange (@dyorexchange) August 11, 2023It was reported last month that Binance is in the process of seeking registration in Taiwan to meet anti-money laundering (AML) compliance requirements as well. This article was written by Tareq Sikder at www.financemagnates.com.

Swing traders will be eyeing the $8.5 level to see LINK's reaction at the HTF resistance level- can the bulls drive the rally that far or will they face exhaustion earlier?

The latest purchase of the cryptocurrency is at an average price of $27,053 per coin, which is 9% lower than the average purchase price of its entire BTC stash.

Sun added that the exchange has fully covered the losses suffered during the attack and resolved all other related issues.

With anticipation around Bitcoin ETFs from giants like BlackRock, Fidelity, and Invesco, and an expected halving in April 2024, forecasts for Bitcoin’s price next year show a significant range. From JPMorgan to Standard Chartered Bank, here are the most notable estimates for 2024: Pantera Capital: $150,000 In their August “Blockchain Letter”, Pantera Capital, led by Dan Morehead, predicts a possible rise to $147,843 post the 2024 halving. Employing the stock-to-flow (S2F) ratio, they believe the price model suggests the valuation of Bitcoin against its scarcity will become more pronounced. Related Reading: MicroStrategy Expands Bitcoin Holdings with $147.3 Million Purchase Specifically, Pantera Capital stated, “The 2020 halving reduced the supply of new bitcoins by 43% relative to the previous halving. It had a 23% as big an impact on price.” With history as a reference, this could indicate a hike from $35k before the halving to $148k after. However, not all Bitcoin supporters are on board, having witnessed failed predictions based on this model in the recent past. Standard Chartered Bank: $120,000 In a recent research report from July, Standard Chartered Bank offered a bullish outlook on Bitcoin’s potential trajectory. The British multinational bank now expects Bitcoin’s value to ascend to $50,000 by the end of the current year, with the potential to soar as high as $120,000 by the close of 2024. This revised forecast from Standard Chartered marks an increase from their previous April prediction, where they projected a top of $100,000 for Bitcoin. The upward revision in the bank’s forecast is underpinned by several determining factors. Notably, one primary reason cited for the potential price escalation is the ongoing banking-sector crisis. Additionally, the report sheds light on the rising profitability for Bitcoin miners as a pivotal factor influencing the price trajectory. Geoff Kendrick, the head of FX and digital assets research, emphasizes the instrumental role of miners. He notes, “The rationale here is that, in addition to maintaining the Bitcoin ledger, miners play a key role in determining the net supply of newly mined BTC.” JPMorgan: $45,000 Per Bitcoin JPMorgan, one of the world’s leading investment banks, anticipates a more restrained growth for Bitcoin, predicting a rise to $45,000. This forecast is influenced by the surging gold prices. Historically, Bitcoin and gold have shown correlation in their price movements, and with the gold price recently surpassing the $2,000 mark per ounce, it has bolstered JPMorgan’s conservative outlook on Bitcoin. In a detailed note from May, JPMorgan strategists explained, “With the gold price rising above $2,000, the value of gold held for investment purposes outside central banks stands at about [$3 trillion]. Consequently, this suggests a Bitcoin price of $45,000, based on the premise that BTC will achieve a standing akin to gold among private investors.” Matrixport: $125,000 By End-2024 In July, Matrixport, a prominent crypto services provider, predicted that Bitcoin’s price could surge to as high as $125,000 by the close of 2024. This optimistic outlook was based on historical price patterns and a significant signal: Bitcoin’s recent breach of $31,000 in mid-July, marking its highest level in over a year. Historically, such milestones have signaled the end of bear markets and the beginning of robust bull markets. By comparing these patterns with historical data from 2015, 2019, and 2020, Matrixport estimated potential gains of up to 123% within twelve months and 310% within eighteen months. This translates to potential Bitcoin prices of $65,539 and $125,731 within those respective timeframes. Tim Draper: $250,000 Tim Draper, a prominent venture capitalist, maintains a highly bullish outlook on Bitcoin. While his previous prediction for Bitcoin to reach $250,000 by June 2023 didn’t materialize, he remains optimistic about the cryptocurrency’s long-term potential. In a July interview on Bloomberg TV, Draper attributed recent regulatory actions in the United States, such as those against Coinbase and Binance, to BTC’s short-term downtrend. Related Reading: Will Bitcoin Drop To $20,000? EURUSD Correlation Indicates It Might Despite these challenges, Draper continues to believe in Bitcoin’s transformative power and sees it potentially reaching $250,000, albeit now possibly by 2024 or 2025. His confidence in Bitcoin’s ability to revolutionize finance and retain its long-term value remains unwavering. Berenberg: $56,630 At Bitcoin Halving The German investment bank Berenberg revised its prediction in July, pointing toward $56,630 by April 2024. This upward adjustment was supported by improved market sentiment attributed to the anticipation of the Bitcoin halving event expected in April 2024 and the growing interest exhibited by prominent institutional players. Berenberg’s team of analysts, led by the insightful Mark Palmer, emphasizes their expectation of significant appreciation in Bitcoin’s value in the coming months. This projection is driven by two key factors: the highly anticipated Bitcoin halving event and the growing enthusiasm displayed by significant institutions. Highlighting their confidence in the market, Berenberg also reaffirmed its buy rating on the stock of Microstrategy. The bank has revised its share price target for Microstrategy from $430 to $510, driven by a higher valuation of the company’s BTC holdings and an improved outlook for its software business. Blockware Solutions: $400,000 Blockware Intelligence, in an analysis from August titled “2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving,” delved into the intriguing possibility of Bitcoin’s price reaching $400,000 during the next halving epoch, anticipated in 2024/25. A central factor identified in the research is the role of the halving in shaping Bitcoin’s market cycles. The report asserts that miners, responsible for a significant portion of sell pressure, receive newly minted BTC, much of which they must sell to cover operational costs. However, the halving events serve to weed out inefficient miners, leading to reduced sell pressure. With supply diminishing due to halvings, the research emphasizes that demand becomes the primary determinant of BTC’s market price. Historical data indicates that a surge in demand typically follows halving events. Market participants, equipped with an understanding of the supply-side dynamics introduced by halvings, prepare to deploy capital at the first signs of upward momentum, potentially leading to substantial price appreciation. This surge in demand is particularly evident in current on-chain data, validating the positive sentiment surrounding halving events. Beyond these notable forecasts, there are a plethora of other price predictions for BTC, ranging from Cathie Wood’s (ARK Invest) ambitious $1 million projection to Mike Novogratz’s (Galaxy Digital) $500,000, Tom Lee’s (Fundstrat Global) $180,000, Robert Kiyosaki’s (Rich Dad Company) $100,000, Adam Back’s $100,000, and Arthur Hayes’ $70,000 prediction, underscoring the diverse perspectives on Bitcoin’s future value. At press time, Bitcoin traded at $26,286. Featured image from Shutterstock, chart from TradingView.com

MaiCoin Group, BitoGroup and ACE became the first three founders of the Taiwan Virtual Asset Platform and Transaction Business Association.

Terra’s re-pegging is in focus as the community votes to stop minting. The minting of TerraClassicUSD (USTC) will be terminated following an important decision ended last week. A proposal submitted on September 14 aimed to stop all minting and reminting of USTC and facilitate the re-peg through the burning of the stablecoin supply. The proposal [...] The post Will TerraUSD Re-peg to $1 Post-Community Vote? appeared first on Blockonomi.

In the fast-moving world of digital money, there’s a platform shaking things up – Tokencoin, which is like a rising star in the world of cloud mining. And it’s getting noticed for doing things differently. Imagine coming with us on an exciting journey into Tokencoin, where they put users first. They’ve got cool perks like [...] The post Revolutionizing Cloud Mining With Leading Super Computing Power: Tokencoin’s User-Centric Approach And Diverse Product Plans appeared first on Blockonomi.

Key takeaways Bitcoin continues to trade below $26,500 despite MicroStrategy’s latest BTC purchase. Chancer’s stage two presale has now surpassed the $2.2 million mark. The cryptocurrency market began the week in a bearish mode, with prices of most coins and tokens in the red zone over the last few days. However, that hasn’t halted Chancer’s […] The post MicroStrategy purchases 5,445 bitcoins as Chancer’s presale hits $2.2m appeared first on CoinJournal.

Justin Sun (Founder of TRON);; Yat Siu (Co-Founder and Executive Chairman of Animoca Brands);; Dr. Marwan Alzarouni (CEO of Dubai Blockchain Center) ...

Today MUFG's Trust arm announced a joint study with Binance Japan to explore the crypto exchange issuing public blockchain stablecoins in Japanese ...

Amazon to Invest Up to $4 Billion in AI Startup Anthropic  Bloomberg

All 16 counties in Maine and all 14 counties in Massachusetts qualify for IRS filing and payment extensions until Feb. 15, 2024 from the October 16 2023 due date.

To boost the adoption of Web3 technologies and digital assets in Japan, cryptocurrency exchange Binance and Japan's largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), have announced a joint study to explore the issuance of stablecoins in Japan. Collaborative Effort to Issue Fiat-Backed StablecoinsThe collaborative effort seeks to issue yen and other fiat-backed stablecoins to revolutionize the financial landscape in the country.The initiative will leverage a platform called "Progmat Coin". It is designed to comply with Japanese regulatory standards for stablecoin issuance and management. This endeavor aligns with Japan's recently revised and enforced Payments Services Act. The Payment Services Act permits Japanese banks and regulated crypto providers to issue stablecoins. The "Progmat Coin" platform, developed by the Japanese bank, will serve as critical infrastructure for issuing these compliant stablecoins.Initially supporting stablecoin issuance on the Ethereum blockchain, the platform's capabilities may expand to include BNB Chain, with the Binance partnership. This expansion could further diversify the stablecoin offerings in Japan.Takeshi Chino, General Manager of Binance Japan, emphasized the importance of stablecoins in the broader financial ecosystem. He noted that stablecoins enable lower-cost and instantaneous cross-border trade settlements for businesses. It facilitates seamless cryptocurrency transactions for retail investors. Stablecoins are seen as a crucial component in the successful adoption of Web3 technologies.Optimism Surrounds Japan's Stablecoin Market PotentialTatsuya Saito, Vice President of Product at MUFG, expressed optimism about the potential of Japan's stablecoin market. It is estimated that its growth potential to reach as high as $34 billion (5 trillion yen). This projection would account for approximately 27% of the estimated global stablecoin market. It is currently valued at $123.7 billion, according to CoinGecko.Binance has encountered regulatory challenges in Western markets. However, it took a significant step towards serving the Japanese market by offering 34 tokens at the launch of its services in August 2023.Meanwhile, Japan's Orix Bank is considering plans to issue stablecoins within the country. Orix aims to commence testing stablecoins denominated in yen, dollars, and other fiat currencies in October, with a targeted launch date in 2024. These stablecoins will be backed by fiat deposits, utilizing the Japan Open Chain blockchain developed by Tokyo-based G.U. Technologies and its partners.Japan appears well-positioned to pioneer the adoption of stablecoins for payment rails. It is demonstrated by several financial institutions and startups exploring similar initiatives. In August, it was reported that Japanese blockchain startup Soramitsu was exploring the development of a new stablecoin exchange for a cross-border payment system spanning Asian countries.The Japanese government has signaled its intention to permit startups to raise public funds through the issuance of cryptocurrency assets and stablecoins. These developments underscore Japan's commitment to embracing the potential of stablecoins and blockchain technology in its financial ecosystem.As Binance and MUTB embark on their collaborative journey to issue stablecoins in Japan, the partnership is poised to reshape the country's digital financial landscape and advance the adoption of Web3 technologies in the region.Binance Raises Concerns Over MiCA Regulation Impact on StablecoinsIn a recent Finance Magnates report,Binance voiced its concerns regarding the impending Market in Crypto Asset (MiCA) regulation and its potential impact on stablecoins. Scheduled to take effect in June 2024, MiCA's provisions on stablecoins have raised uncertainties for the cryptocurrency exchange.During an online public hearing hosted by the European Banking Authority (EBA), Marina Parthuisot, Head of Legal at Binance France, expressed apprehension about the lack of project approvals. She warned that Europe might face a delisting of all stablecoins by June 30. This move could significantly affect the European crypto market compared to the global landscape.The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) work on refining MiCA details. However, concerns remain about how the regulation will apply to decentralized and foreign issuers. Stablecoins, designed to provide stability amidst crypto volatility. They are closely watched as they navigate these regulatory waters.Separately, Binance CEO Changpeng Zhao ("CZ") refuted rumors of stablecoin delisting. However, he emphasizes ongoing efforts to launch fully compliant EUR and other stablecoins. This article was written by Tareq Sikder at www.financemagnates.com.

At the time of writing, Shiba Memu presale had raised $3,242,388.49. One Shiba Memu (SHMU) token is going for 0.029800 USDT although expected to sell at 0.030025 USDT in the next presale stage. The Celsius bankruptcy case is nearing its end after creditors approved the lender’s reorganization plan. In a whirlwind of developments within the […] The post Shiba Memu presale hits $3.2M as Celsius’ creditors approve reorganization plan appeared first on CoinJournal.

Rising BTC accumulation on exchanges doesn't always translate to bullish trends, warns analyst, highlighting the nuances in crypto market dynamics.

Following a successful presale, the biggest meme coin, Wall Street Memes, is set to list on OKX on Tuesday, September 26th, at 10:00 am UTC. [...]

The Celo price prediction reveals that CELO may need to stage a meaningful short-term rally for the coin to see a rise above the $0.50 [...]

The Chainlink price prediction shows that LINK is currently changing hands at $7.45 as the technical indicator swings to the upside. Chainlink Prediction Statistics Data: [...]

The Storj price prediction shows that STORJ spikes above the 9-day and 21-day moving averages to touch the $0.38 high. Storj Prediction Statistics Data: STORJ [...]

In just over two weeks, Bitcoin BSC, one of the trending crypto presales of 2023, reached significant milestones by raising over $5 million in its [...]

Bear (BEAR) is a crypto that has been making headlines in the volatile crypto market, where fortunes are created and destroyed in the blink of [...]

It is no secret that the crypto industry thrives on innovation, and AstroPepeX (APX) is a testament to that reality. With its unique combination of [...]

Gold (GOLD) went into orbit on launch but has since fallen back to earth and is down almost 43% from its all-time high. The Gold [...]