Kategorie: Ethereum News

The Ethereum price prediction is getting increasingly bullish after Vitalik Buterin’s recent comments about the network. However, it remains to be seen whether Ethereum can outperform the AltSignals ($ASI) crypto presale, as the new token is an exciting initiative that will serve a large existing Web3 project.

Vitalik Buterin’s bullish crypto market predictions

Vitalik Buterin’s crypto market predictions forecast bullish Ethereum price action over the coming years. In a recent podcast appearance, Buterin highlighted the launch of Ethereum during the 2015 bear market, the launch of Uniswap in 2018, and the completion of The Merge in 2022, as key technological advancements that have and will move the industry towards mass adoption.

The crypto market predictions from Vitalik Buterin have produced the largest ecosystem of decentralized applications (dApps) since Ethereum was launched in 2015. The Ethereum price prediction grows increasingly bullish with every market cycle, as crypto market predictions forecast that the Ethereum ecosystem will remain the largest ecosystem in Web3.

What is Ethereum?

Ethereum (ETH) was the first Turing complete blockchain. This means that it could support smart contracts and the development of dApps, which has led to over 2000 independent blockchain projects being built on the Ethereum network.

Ethereum originally used a proof-of-work consensus mechanism. This caused congestion on the network as it grew, leading to slow transaction speeds and expensive gas fees. In 2022, Ethereum successfully transitioned to a proof-of-stake consensus protocol, which reduced the blockchain’s energy costs by 99%.

Ethereum price prediction: Can ETH reach $2500 in 2023?

The Ethereum price prediction is bullish, in line with the rest of the crypto market predictions. After rising 60% from its recent lows, the Ethereum price prediction now targets higher levels before the end of 2023.

ETH has a key resistance level at the $2400 price level. The Ethereum price prediction forecasts that ETH will struggle to break through this resistance before the end of 2023, as it may retrace before reaching $2500.

The wider crypto market predictions remain bullish on the long-term future of Ethereum. Crypto market predictions for the Ethereum network,which take layer-2 scaling solutions and thousands of independent dApps into consideration, will place the Ethereum price prediction at over $10,000 over time.

What is AltSignals?

AltSignals is an industry-leading trading group, where accurate crypto market predictions have been shared among members since 2017. The project helps anyone to become an expert trader by sharing lucrative trading opportunities on a daily basis.

AltSignals helps both beginners and professionals alike. New traders can minimize the learning curve as they embark on their crypto trading journey, while professionals can maximize their returns.

AltSignals has already helped its some members to 10x their portfolio in 19 out of 32 months on record with its AltAlgo™ tool. Now, the project is offering an expanded suite of blockchain services and is launching the ASI token to make it happen.

How does $ASI work?

Holders of ASI tokens will have access to AltSignals’ new ActualizeAI tool, which will combine advanced artificial intelligence technologies to deliver unparalleled trading signals. Machine learning, natural language programming (NLP), and predictive modelling will be used to analyze complex market data sets. The tools will take a range of indicators, including market sentiment analysis, and determine the best entry levels for profitable crypto trades.

The ASI token can also be used to gain early access to presales and private sales in the crypto markets. After AltSignals’ highly successful long-term record sharing crypto market predictions, this feature could produce significant returns for all participants.

$ASI can also be used to gain entry to AI Members Club. AI Members Club is where the latest AI-powered trading tools will be shared between members. By holding the ASI token, users can gain access to these tools before they are launched to the public and gain an edge for crypto market predictions.

Can $ASI reach $1 in 2023?

The ASI token is unique, in that it is launching to a large existing community and represents a highly successful blockchain project. Because AltSignals is launching a revolutionary new AI trading tool, the AltSignals crypto presale potentially is a highly lucrative investment opportunity.

Early participants in the $ASI crypto presale can expect major long-term returns. This is because presales are the earliest stage of investment – meaning that $ASI has yet to launch on exchanges. With deflationary tokenomics, $ASI looks destined to rise as more people become aware of the platform and as community members share their success with ActualizeAI trading signals.

By the end of 2023, $ASI has a $1 price target – a 45x price rise from the end of the presale. $ASI is expected to outperform the Ethereum price prediction, as it will enter price discovery once it is made available on digital asset exchanges.

AltSignals vs Ethereum price prediction: Which is worth buying?

The $ASI crypto presale is expected to produce major returns from the current price level. The AltSignals project combines world-leading technologies, both blockchain and artificial intelligence, to help its community make money online.

Since the project is in its earliest stage of investment, this gives it tremendous potential for returns. $ASI is expected to outperform ETH as a result, but both tokens are great additions to an investment portfolio. Make sure to check out the $ASI crypto presale before the price rises too much, as the value of $ASI is rising from $0.012 to $0.02274 over the course of the event.

You can participate in the $ASI crypto presale here.

The post Ethereum Creator Vitalik Buterin Has High Hopes for Ethereum’s Price in 2023 But AltSignals’ New Token Is Gaining Interest appeared first on CoinJournal.

• The NY state AG was able to buy and sell crypto on KuCoin.
• KuCoin is however not registered in New York.
• This is the AG’s eighth lawsuit against shadowy cryptocurrency platforms.

Letitia James, the New York state Attorney General, has announced that she has filed a lawsuit against KuCoin for issuing crypto services in New York without registration.

James says that she was able to buy and sell cryptocurrencies on the Seychelles-based cryptocurrency exchange despite the fact that it has not been registered in New York as a securities broker or dealer.

Violating securities law

In the suit filed on March 9 at the Supreme Court of the State of New York County, James also alleges that KuCoin violated securities law by selling and offering to sell and purchase and purchasing cryptocurrencies that are securities and commodities to New Yorkers without first seeking registration.

In addition, the lawsuit also alleges that KuCoin error by selling its KuCoin Earn product. The AG has labelled this product as a security that has not been registered.

There are also allegations that KuCoin misrepresented itself since it hasn’t registered itself as one to be allowed to function as one.

I’m suing cryptocurrency platform @kucoincom for illegally operating in New York without registering with the state.

This is our eighth action to rein in shadowy cryptocurrency platforms that disregard our laws and put New Yorkers at risk.

— NY AG James (@NewYorkStateAG) March 9, 2023

James cites Ethereum as security in the lawsuit

The New York AG’s suit also states that under the state and federal authority, LUNA, UST and ETH are categorized as commodities under the state’s Martin Act and that KuCoin filed to register as a commodities broker.

It is the first time the AG has referred to Ethereum’s Ether (ETH) as a security although there have been similar allegations by people in other regulatory authorities in the US.

KuCoin’s native token KCS drops 5.7%

The price of KCS, the native token of KuCoin, has plunged 5.78% partly buoyed by the recent developments.

KuCoin is ranked the fifth largest cryptocurrency exchange if found guilty could be liable to a fine as was the case with Kraken, one of the leading US-based cryptocurrency exchanges, which was fined by the Commodity Futures Trading Commission (CFTC) for offering unregulated crypto investment products.

The post New York State Attorney General files a lawsuit KuCoin appeared first on CoinJournal.

Key takeaways

• CFTC chair Rostin Behnam believes that stablecoins and Ether are going to be commodities.

• The CFTC has always maintained that Bitcoin, Ether, and other cryptocurrencies are commodities.

• Behnam has called for a proper regulatory framework to cover the cryptocurrency market.

Stablecoins and Ether will be regarded as commodities

Rostin Behnam, the chairman of the Commodity Futures Trading Commission, told the United States senate that Ether and stablecoins should be regarded as commodities.

He made this statement during a Senate Agricultural hearing on Wednesday, March 8th. When asked by Senator Kirsten Gillibrand about the differing views held by the CFTC and the Securities and Exchange Commission (SEC) following the CFTC’s 2021 settlement with stablecoin issuer Tether, Behnam said the agency considers stablecoins to be commodities. He said;

“Notwithstanding a regulatory framework around stablecoins, they’re going to be commodities in my view. It was clear to our enforcement team and the commission that Tether, a stablecoin, was a commodity.”

The CFTC had maintained that some digital assets, including Bitcoin and Ether, are commodities. 

When asked what evidence the agency would use to win regulatory influence over Ether during the Senate hearing, the CFTC chair said it wouldn’t allow Ether futures products to be listed on CFTC exchanges if it didn’t believe that it was a commodity asset. He added that;

“We have litigation risk, we have agency credibility risk if we do something like that without serious legal defenses to support our argument that [the] asset is a commodity.”

A regulatory framework for crypto is still needed in the United States

Regulating cryptocurrency companies in the United States have been left to the SEC and CFTC. However, there is no clear regulatory framework for cryptocurrency companies to operate in the United States.

The SEC has been very active in regulating cryptocurrency companies for what it believes are violations of securities laws.

Last month, the SEC charged Nishad Singh, a former lead engineer at cryptocurrency exchange FTX for defrauding investors of the now-collapsed crypto trading platform.

The regulatory agency is also investigating Robinhood over its cryptocurrency activities.

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