Im Januar konnte der Anwalt John Deaton den Richter im Fall zwischen der SEC und LBRY davon überzeugen, dass Sekundärverkäufe kein Wertpapier darstellen.
AltSignals’s stage 2 presale quickly closes the 50% mark amid the rush for AI-trading
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Phase 2 of AltSignals presale is 50% sold out
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The token’s demand has been fueled by a proprietary trading service and AI craze
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$ASI could rise to $0.1 in 2024 as more investors join ActualizeAI
Days after a successful presale in phase 1, investors are back on AltSignals ($ASI) in the second stage. Phase 2 of the presale has raised more than $1.15 million, representing approximately 51.12% of the tokens. The quick presale underlines strong investor interest in the token of the trading signal service, despite the price rising slightly to $0.01875 in the second phase.
AltSignals AI angle exciting for investors
AI has nearly been a buzzword in 2023, with analysts predicting it to be a game-changer for numerous industries. The launch of ChatGPT in late 2022 started the craze as enthusiasm also gripped crypto and stock markets.
In trading, AI has been touted as a game-changer as it aids in machine learning, predicting modelling, and sentimental analysis to generate quality trading signals. AltSignals is tapping into the power of AI to supercharge trading results. The trading signal service has previously used a highly successful algorithm to generate signals for its over 52,000 traders.
Dubbed AltAlgo™, the algorithm has produced over 3,782 trading signals, with accuracy rates averaging 64%. Owing to the increase in AI application, AltSignals want to take the game higher and make its platform a go-to place for new and seasoned traders in stock, forex, crypto, and CFD markets.
What is AltSignals’s AI trading service’s value proposition?
AltSignals AI trading service will be dubbed ActualizeAI. The team looks at ActualizeAI as the ideal iteration to expand the scope of the trading instruments covered and increase the accuracy of the signals. Investors will become ActualizeAI members by buying $ASI, the token that will power the trading community and become the medium of exchanging value.
One of the benefits of owning $ASI is access to quality trading signals by the AltSignals team. With the early success of AltSignals since its founding in 2017, there has been a lot of enthusiasm that the AI service will grow investors’ earnings. Investors also benefit from the appreciation in the value of $ASI as the AI trading service continues to garner popularity.
ActualizeAI members acquire trading-related skills by participating in tournaments and competitions on the platform. They also get to accumulate $ASI for winning competitions against other traders.
Other utilities that $ASI carries include participation in community governance which gives holders the decision-making power in the affairs of the platform. There are also exclusive presale opportunities and access to AI-powered products for ActualizeAI members.
Will $ASI reach $0.1 in 2023?
$ASI is a token with a lot of potential, given that $AltSignals has been in existence and has organically built a trusted trading community. Coupled with the growing popularity of AI, the potential for the token to rise by up to $0.1 is strong.
A prediction of $0.1 in 2023, however, looks too soon since it means the price must rise by 1,000%. As the token starts listing in the third quarter, investors should expect substantial price increases, with a prediction of three-digit percentage rises more likely.
Predictably, a 1,000% is likely in 2024. This is when all the developmental activity of ActualizeAI will have occurred, opening the doors to more investors.
Should you buy $ASI this week?
$ASI is in its second presale phase, and the price is rising at each stage. With less than 50% left to end phase 2 of the presale and the price to rise, it could be the right time to buy the token.
Also, $ASI is geared toward listing on Uniswap in the third quarter. Listing on an exchange means the token will be opened up to more investors, giving it a chance to skyrocket in price. This means that buying now presents a better opportunity for investors as the token’s value is still low.
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South Korean companies to disclose crypto holdings from 2024
Key takeaways
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South Korean financial regulator wants companies to disclose their crypto assets in their financial statements.
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The aim is to improve accounting transparency amongst companies operating in the country.
South Korea introduces a new crypto bill.
South Korea would soon require companies that own or issue cryptocurrencies to disclose their holdings in financial statements.
The country’s financial regulator released this draft on Tuesday, and if approved, companies that hold cryptocurrencies would be required to disclose their holdings starting in 2024.
Per the new rules, companies would be required to provide investors with information about the quantity, characteristics, business models and accounting policies regarding the sale of cryptocurrencies.
Companies will also need to provide other information such as profits, volume and market value of their crypto.
South Korea seeks to boost accounting transparency
While commenting on this latest cryptocurrency news, the Financial Services Commission (FSC) said it is making this move to improve accounting transparency following the passing of the Virtual Asset User Protection Act last month.
In the past, companies and auditors differed regarding the timing and criteria for determining whether the sale of cryptocurrencies to customers is regarded as profit. However, the new rules stipulate that if companies sell cryptocurrencies and other virtual assets, the sales would be recognised as profit after the company fulfills obligations to its holders.
Furthermore, the regulatory agency said costs incurred while developing virtual assets and platforms would not be classified as intangible assets.
South Korea remains one of the countries in the world with clear cryptocurrency regulations. In May, the National Assembly approved a bill that requires South Korean officials to disclose their cryptocurrency holdings.
Per the bill, government officials must declare all crypto holdings that amount to $760 or more. The requirement was already in place for cash, stocks, and bonds, among other assets.
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Riot Platforms stock price is defying gravity as Bitcoin sleeps
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Riot Platform’s share price has surged to the highest point since April 2022.
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This rally is happening as Bitcoin remains at $30,000.
Riot Platforms stock price has made a bullish breakout even as Bitcoin remains in a deep consolidation phase. The stock has risen in the past three straight days and is now trading at the highest level since April last year. In all, the shares have jumped by more than 430% from the lowest level last year.
Mining stock is doing well
Riot Platforms, formerly known as Riot Blockchain, is one of the biggest Bitcoin mining companies in the world. Therefore, like other mining companies, the firm makes money when BTC is doing well.
Bitcoin has done well this year as its price jumped by more than 90% this year. Recently, however, demand for Bitcoin has eased while its price has remained above the important point at $30,000. Bitcoin liquidations have also dropped sharply in the past few days.
Therefore, the Riot Platforms stock price is rising for two main reasons. First, some analysts are still bullish on Bitcoin. I wrote that analysts at Standard Chartered see BTC hitting $120,000 by 2024. In a separate report, Tim Draper, a billionaire investor, said that he expects that BTC will surge to over $325k in the coming years.
Second, investors believe that Riot will increase its mining capacity in the coming months. The company recently acquired 33k Bitcoin miners for $163 million. So, how high can RIOT stock rise?
Riot Platforms stock price forecast
Turning to the daily chart, we see that the RIOT share price has been in a strong bullish trend in the past few months. This rally culminated in the shares jumping above the key resistance level at $14.37, the previous YTD high.
Riot Platform’s share price ha also moved above the 25-day and 50-day moving averages while the Average Directional Index (ADX) has moved to 26.50 An ADX figure above 20 is a sign that the bullish trend will continue.
Therefore, while a pullback is possible, there is a likelihood that the RIOT share price will continue rising as buyers target the resistance level at $20. A move above $20 will open the possibility of the shares moving to $23.60 (March 22 high).
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Bitcoin (BTC)-ETFs erneut beantragt: CBOE fügt Überwachungsvereinbarung mit Coinbase hinzu
Die Überwachungsvereinbarungen sind eine Maßnahme, die die SEC empfiehlt und die vor Betrug schützen soll.