Blockchain
Bitcoin IRA™ Accounts Are Soaring as Bitcoin Passes $18,000
Bitcoin IRA is the world’s first, largest, and most secure digital asset IRA technology platform allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts. The increase in the price of Bitcoin has benefited individual investors who added cryptocurrencies to their retirement accounts and as a result are seeing sizable gains in their portfolios relative to other investment assets.
Crypto is the Best Performing Asset Class in 2020 (again)
Bitcoin has passed $18,000 as of November 20th and is now only 10% away from reaching its 2017 all-time high price, which is around $19,700. Since January 2020, Bitcoin is now up around 158% which far exceeds the S&P 500, up approximately 10%, the Dow which is up around 3%, and the Nasdaq Composite, up approximately 36%. Other leading cryptocurrencies are up even more in 2020 including Ethereum, Chainlink, and XRP, up around 365%, around 751%, and 207% respectively, as of 11/23/2020.
These robust gains are not unusual, as Bitcoin is up over 150% in 2020 and up over 5,000% over the last 5 years (source: TradingView).
Bitcoin IRA’s Clients have seen Dramatic Gains to their Retirement Accounts
Bitcoin IRA clients that purchased Bitcoin, and are still holding onto the assets, have had a positive return for their accounts. If they purchased around the new year of 2019 when Bitcoin was approximately $7,200, their retirement accounts would be up 158%, the same increase in the price of Bitcoin this year.
As a result, Bitcoin IRA has had over $60M in transactions so far in 2020 and $500 million in total transactions since the company started in 2016.
What’s Next for Crypto?
PayPal recently announced they are offering crypto to their 350 million users and 26 million merchants, JP Morgan announced the official launch of their blockchain project, and 80% of all central banks around their world are planning a digital currency.
Bitcoin’s price may grow to $318,000 by the end of 2021, according to a Citibank analyst and a popular crypto researcher, Willy Woo, believes Bitcoin’s bull run is just beginning.
How a Bitcoin IRA works
Bitcoin IRA allows clients to easily buy, sell, or swap cryptocurrencies and physical gold inside their retirement accounts online 24/7. The company safely stores its client’s assets with a US-based qualified custodian, not overseas, and has over 50,000 account holders with over 2,500 real 5-star reviews. Clients can invest in seven leading assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), Zcash (ZEC), and physical Gold (PG).
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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