Blockchain
If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.Today
If Bitcoin (BTC) fails to maintain its position above $57,000, it could trigger three significant outcomes. Rather than soaring to new highs, Bitcoin has recently been on a downward trajectory, necessitating preparedness for potential scenarios. Firstly, breaching the crucial $57,000 support level would invalidate the 200 Exponential Moving Average (EMA) as a reliable support, potentially pushing Bitcoin into bearish territory and exacerbating the ongoing sell-off.
Secondly, a drop to around $56,000 might attract a surge of buyers hoping to capitalize on what they perceive as a discounted price. However, failure to sustain this level could lead to increased liquidations and mounting selling pressure, complicating efforts to stabilize Bitcoin’s price and accelerating its decline.
Thirdly, inadequate liquidity could prompt some institutional sellers to pause their operations, creating a sideways market where Bitcoin fluctuates between $55,000 and $60,000 as buyers and sellers await more favorable conditions. Continued institutional selling, however, might drive Bitcoin’s price down further, possibly towards the $50,000 mark.
In related developments, Michael Saylor forecasts a significant price boom for Bitcoin over the next decade. Binance CEO offers key insights for navigating the crypto market, while Julian Assange receives a substantial Bitcoin donation. Ripple’s CEO criticizes SEC Chairman Gary Gensler, and ‘Rich Dad Poor Dad’ author advises holding onto Bitcoin amidst volatile market conditions.
On the regulatory front, VanEck’s filing for a spot Ethereum ETF with the SEC suggests a potential approval, following a similar pattern to Bitcoin ETF approvals. This move hints at imminent approval for Ethereum ETFs by early July, reflecting growing optimism in the cryptocurrency market.
Meanwhile, Ripple’s Emi Yoshikawa highlights the rising momentum of XRP Ledger (XRPL) in South Korea, with Infinite Block expanding its XRPL-based custody services. This strategic move aims to ensure compliance with domestic regulations and support the ecosystem’s growth through consultancy services.
Source: u.today
The post If Bitcoin Plunges Below $57,000, Here Are 3 Possible Outcomes, Ethereum ETF Approval May Be Imminent as VanEck Steps in: Crypto News Digest by U.Today appeared first on HIPTHER Alerts.
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain
Global Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
TwyAe Exchange
SILEGX Exchange
-
Blockchain Press Releases6 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases5 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain5 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases5 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases6 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases5 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain6 days ago
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain4 days ago
This Week in Finance News: 11 Stories You Need to See
