Es ist derzeit unklar, ob illegale Aktivitäten stattgefunden haben, aber eine Reihe von Warnsignalen kann man bei dem Token dennoch erkennen.
Gesetzgeber in Hongkong schlägt Bitcoin (BTC) als strategische Finanzreserve vor
Johnny Ng will Hongkong zum Vorreiter bei der Einführung von Bitcoin und Web3-Technologien machen.
Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k
- Bitcoin Cash (BCH) gains mirror Bitcoin’s surge to near $70k.
- With Bitcoin Cash price rising above $450, are bulls strong enough to eye further gains?
Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June.
BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its intraday highs above $69,800 reached during the Asian trading hours.
BCH price: Are Bitcoin Cash bulls back?
Bitcoin Cash, like Bitcoin, has in the past few weeks navigated a tough terrain in terms of sell-off pressure related to potential Mt. Gox selling.
However, Bitcoin remains above $60k with a good chunk of the staggering $9 billion worth of BTC that the defunct crypto exchange announced would be going to customers. This resilience has also shown with Bitcoin Cash, which continues to ride positive sentiment as Mt. Gox customers choose to hodl rather than sell.
Crypto is also upbeat after last week’s Bitcoin 2024 conference that saw former US president Donald Trump make major announcements related to Bitcoin and cryptocurrencies. With elections on the horizon, Trump pledged to make America the home of crypto and to establish a Bitcoin reserve for the US among other key remarks.
According to Kim Dotcom, there’s no fear that the US government will ban crypto.
Crypto is going to pump big time. The fear of US Govt bans against crypto is over. Legitimacy has been established. The whales lobbied all political camps and they succeeded. As the US dollar is weakening crypto will rise. My favorite is Bitcoin Cash. https://t.co/DIOiBCxaVJ
— Kim Dotcom (@KimDotcom) July 27, 2024
BCH price prediction
The Bitcoin Cash price surging above $400 has the cryptocurrency testing a key resistance zone.
A move above this means bulls have broken above a robust horizontal resistance line. Price is currently retesting a previous support area, above which the altcoin could eye a new year-to-date high.
In this case, the psychological level at $1,000 will be a major short term target, while a run to the 2021 bull market highs remains possible if Bitcoin leads crypto into another mega run.
The daily chart shows the Relative Strength Index (RSI) supports buyers as does the Moving Average Convergence Divergence (MACD) indicator.
Potentially, BCH will see a retest of the horizontal line before surging again. However, a breakdown will likely push prices to the primary support area around $350.
The post Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k appeared first on CoinJournal.
Schweizer Aufsichtsbehörde FINMA: Regulierung von Stablecoin-Emittenten
Da Stablecoins weltweit immer mehr an Bedeutung gewinnen, wollen Regulierungsbehörden wie die FINMA diesen Bereich immer schärfer regulieren.
Cantor Fitzgerald to launch $2 billion Bitcoin financing business
- Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion.
- The financing services giant’s CEO announced the plans at Bitcoin 2024.
- Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC.
Cantor Fitzgerald, a New York-based global financial services company, will invest an initial $2 billion in a new Bitcoin financing business, the firm’s CEO Howard Lutnick announced at Bitcoin 2024.
The company confirmed the plans via a press release.
Cantor Fitzgerald eyes BTC financing business
According to the Cantor Fitzgerald CEO and per details in the news release, the new business venture will offer leverage to investors holding Bitcoin. The firm will invest more into the financing platform after the initial $2 billion splash.
“We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets,” Lutnick said in a statement.
In his comments at Bitcoin 2024, Cantor Fitzgerald exec said his firm was bringing the flagship digital asset to the global financial markets. The company is ready to work with leading custodians in the market, he added.
Lutnick also revealed that Cantor Fitzgerald owns Bitcoin and that he personally also holds the benchmark crypto asset.
JUST IN: $13.2 billion Cantor Fitzgerald CEO says they own “a shit load of #Bitcoin” pic.twitter.com/Ei9mmNUwlF
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
“My view is Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world we are going to do everything in our power to make it so,” he said at Bitcoin 2024.
Cantor Fitzgerald launched in 1945 and has grown into one of the world’s leading financial services providers.
The company offers access to services such as investment banking, equity research, capital markets, asset management and prime brokerage among others.
The post Cantor Fitzgerald to launch $2 billion Bitcoin financing business appeared first on CoinJournal.