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Home Blog Page 4411

Bitcoin Price Prediction – BTC Could Fly Past $30,000

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There’s a great chance that Bitcoin’s price could increase significantly, exceeding the $25k to $30,000 range, if a specific event happens on Wednesday, namely during the release of the FOMC minutes from the US economy.

This opportunity has generated interest and conjecture in crypto and the financial markets. Therefore, many are looking forward to the outcome of this event and how it could affect Bitcoin’s value.

How Bitcoin Could be Affected by the Release of FOMC Minutes on Wednesday

The release of the Federal Open Market Committee (FOMC) minutes on Wednesday could influence the price of Bitcoin. This is because the FOMC is responsible for determining the US monetary policy. Any sign of policy changes could have a domino effect on the financial markets, including cryptocurrency.

James Powell, the chair of the Federal Reserve, recently talked about the ongoing deflation process at the Economic Club of Washington, commenting specifically on the decline within the goods sector. Powell further expressed great confidence in reducing inflation to a 2% target rate from the Fed’s end. Although Powell’s response to the full January report doesn’t indicate much change in the approach of central banks to a future rate hike, he has warned about sustained robust labor data leading to an increased terminal level of the Fed funds.

During the February 2023 Federal Reserve meeting, there was a 25 basis point rise in the fed funds rate of the targeted range, which now stands at 4.5% to 4.75%. This is the second meeting in a row where the proportions of the rate hike have decreased, despite borrowing costs now being observed at their highest point since 2007. Those who trade or invest in Bitcoin will be closely monitoring the FOMC minutes, as any indication of concerns regarding inflation or alterations in interest rates could potentially affect Bitcoin’s price.

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Crypto asset investing is highly volatile

Regulators Move Toward Cryptocurrency

The Securities and Exchange Commission (SEC) announced the latest custody regulation on Feb 15th that could restrict asset managers from investing customer funds in crypto assets. This proposal follows a series of recent measures regulators took to improve investor protection within a market known for its considerable price swings.

Additionally, the New York Department of Financial Services (NYDFS) directed crypto firm Paxos to halt issuing the BUSD stablecoin, because of its association with the crypto exchange, Binance. In cooperation with the NYDFS’s directive, Paxos will halt the issuance of new BUSD tokens starting on Feb 21st.

The BTC/USD is increasing as investors have returned to the unpredictable digital asset market space despite repeated assurances from authorities and politicians to regulate the crypto industry.

A Hotel Based in Bahrain Announces Crypto as a Mode of Payment

Arabian Business announced on Feb 13th that Novotel Bahrain Al Dana is now accepting crypto payments, making it the first hotel within that area to do so. The resort has teamed up with Eazy Financial Services to provide guests with the ability/option to pay their hotel expenses with cryptocurrencies. To allow this payment option via the Binance app, the hotel will set up personalized terminals at its locations.

Furthermore, Changpeng Zhao, the Binance CEO, has recommended that entrepreneurs involved in the crypto industry consider moving to countries like France, Bahrain, and Dubai (UAE), which have demonstrated their backing for bitcoin. He thinks that business owners who are devoted to their ventures should consider the option of relocating to another country without hesitation.

Over the past months, several hotels in the Arabian Peninsula, such as Palazzo Versace Dubai and W Dubai – The Palm, have joined the movement of digitizing financial assets and have started accepting payment modes of cryptocurrencies. These hotels have followed the lead of Novotel Bahrain Al Dana Resort and have implemented the option for their guests to pay using digital currencies for their services.

Moreover, the Central Bank of Bahrain has approved Novotel Bahrain Al Dana Resort’s decision to accept crypto payments, making it one of the first hotels in the country to enable this payment option. This move by the hotel comes at a time when the use of digital assets is becoming more widespread and has contributed to a sharp increase in the value of popular digital assets like BTC/USD.

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Bitcoin Price Forecast

BTC/USD opened at a trading price of around $24k and is presently being traded at about $24,645, thus, reflecting a small rise in the last 24-48 hours. Bitcoin has managed to obtain a technical recovery after receiving backing near the $23,325 50% Fibonacci retracement level. This has induced a surge in purchases within the crypto market as candles have recently closed above this level. Nevertheless, the lack of price fluctuations is limiting Bitcoin’s trading range.

Looking ahead, Bitcoin price prediction is encountering initial opposition at around $24,350, and a positive intersection could push it toward the range of $25,300. Within the 4-hour chart, the appearance of a “doji & spinning top” candle suggests uncertainty among traders, potentially resulting in a rebound following the FOMC minutes.

In addition, Bitcoin’s upward trend is backed by the 50-day moving average, indicating the likelihood of it continuing. Hence, investors may want to observe the $24,300 level to decide whether to purchase or sell BTC.

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Crypto asset investing is highly volatile

INEC Reiterates Commitment Towards Achieving Free, Fair and Credible 2023 Polls

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The Independent National Electoral Commission, INEC, has reiterated its commitment towards umpiring and delivering a free, fair, credible and inclusive election on Saturday, February 25, for the Presidential and National Assembly polls as well the Gubernatorial and State Assembly polls slated for March 11.

During the reception of the Commonwealth Election Observation Mission on Monday in Abuja, INEC Chairman, Prof. Mahmood Yakubu assured Nigerians of the commission’s readiness and capacity to facilitate a free, fair and credible electoral process despite the huge responsibility foisted on the commission. The chairman of the Nigerian highest electoral body made the following remarks:

“We are aware of the responsibility that lies on our shoulders, but we cannot do it alone.

“Our work is clearly cut out with assigned responsibilities for the security agencies, the parties and others.

“As a commission, we have constantly engaged with all stakeholders.

“Every three months, we meet with stakeholders made up of political parties, civil society organizations, the media and security agencies, but we can meet several times a year depending on the issues.

“We are committed to a free and fair process. I want to assure you that INEC is not a political party.

“We don’t have a candidate in the election. The choice of who becomes what during the general election is entirely the choice of the Nigerian people.

“We are committed to free, fair, credible, inclusive election and verifiable elections.

“Elections in Nigeria are huge. We understand the magnitude of the responsibility placed on our shoulders and we also understand that a credible election is a pillar on which good governance rest.

“I want to assure you that we will never let Nigerians down and we will not let the international community down.”

Leading the Commonwealth Election Observation Mission, Thabo Mbeki, former South African President remarked that this is the seventh election the team will be observing in Nigeria, adding that whether the 2023 elections become successful or otherwise primarily depends on INEC and members of the electoral body.

“That understanding on our part is important because, in the end we will make a statement about the election and more importantly, make recommendations about whatever we see in the conduct of this election and give a comprehensive picture of what we see during the election as much as possible,” Mbeki stated.

US Embassy Alerts US Citizens in Nigeria on Possible Protest and Movement Restriction During forthcoming Elections

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In view of the general elections in Nigeria which is less than five days away, the United States Embassy in Nigeria has warned the US citizens in the country against possible protests and restricted movements in the country during and after elections slated for February 25 and March 11 for the Presidential/National Assembly and Gubernatorial/State Assembly positions respectively.

In a statement entitled ”Security Alert – Possible Protests Leading to Elections and Restricted Movements on Election Days” published on the embassy’s website, US nationals in Nigeria are advised to avoid political rallies as these can turn violent with little or no notice.

The statement reads in part: “The government of Nigeria will restrict the movement of all personal vehicles on election days across the country.

“Information from the government of Nigeria indicates that only law enforcement personnel and Independent National Electoral Commission, INEC-accredited election observers will be allowed to move freely along the roads.

“Based on past election practice, we anticipate personal vehicles will be blocked from any and all attempted road movement from 00:00 until 18:00 February 25 and 00:00 until 18:00 March 11.

“Please be advised that movement restrictions may be extended at any time. Be alert to government of Nigeria’s information about the restrictions.”

The Embassy also advises on actions its citizens in Nigeria could take for their safety during and after the elections in the country. These include the following:

“Have three days of food and water in your residence in case movement restrictions are extended beyond Election Day.

“Have a pre-packed bag that contains your travel documents, medications, toiletries, cash, and clothes in case you need to relocate from your residence.”

The citizens are also implored to avoid large crowds; be conscious of their surroundings; Keep a low profile; carry proper identification; review personal security plans; keep cell phone charged in case of emergency; as well as constantly monitor local media for updates.

TMS Network (TMSN) : A Better Investment Opportunity Compared to Gifto (GFT) and SingularityNET (AGIX)

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tms trading

The crypto market has been on a meteoric rise over the past few months, with digital assets experiencing unprecedented growth. Investors are seeking opportunities to take advantage of this trend, but with so many options available, it can be challenging to determine which platforms are worth investing in.

This article will explore three popular crypto assets: Gifto (GFT), SingularityNET (AGIX), and TMS Network (TMSN).

TMS Network (TMSN) is like a secure bridge connecting the traditional finance world with the vast potential of crypto trading.

Gifto (GFT) Won’t Make You Wealthy

Gifto (GFT) is a decentralized platform for virtual gifting and content creation. The platform enables content creators to monetize their work through virtual gifts, allowing them to earn income for their creations.

With a market cap of $116,473,078 and a 24-hour volume of $260,333,608, Gifto (GFT) is a well-established platform in the crypto space. However, while it offers a unique use case, the platform may not be the best investment opportunity for traders looking to maximize returns.

Therefore, Gifto (GFT) may have a high trading volume, but the returns may not be worth the risk involved. Gifto (GFT) is a great platform for presents, not accruing trading riches. Stay away from Gifto (GFT) if profits are on your radar??

SingularityNET (AGIX) Can’t Compete

SingularityNET (AGIX), is a decentralized artificial intelligence (AI) development and deployment platform. The platform aims to make AI more accessible and affordable for developers and businesses, allowing them to create and deploy AI solutions more efficiently.

With a market cap of $484,822,780 and a 24-hour volume of $325,270,389, SingularityNET (AGIX), is another well-established platform in the crypto space. However, while it has a promising future, the forum may not be the best investment opportunity for traders looking for immediate returns. SingularityNET (AGIX) might just be a short-term trend, not a real generational wealth creator.

Expert comment: “This platform is a game-changer in the crypto world! It combines security, efficiency, and accessibility to create a top-notch trading experience ???”

TMS Network (TMSN) offers a more attractive opportunity for traders looking for a secure and efficient way to invest in a wide range of assets. The decentralized trading platform eliminates intermediaries, providing lower fees, faster transactions, and better trading conditions.

The platform is also designed to be scalable, meaning that it can handle an increasing number of users and transactions without slowing down.

Furthermore, TMS Network (TMSN) promotes financial literacy and education, helping traders understand the market and make informed decisions.

Final Thoughts

In conclusion, while both Gifto (GFT) and SingularityNET (AGIX), have unique use cases and promising futures, TMS Network (TMSN) is the best investment opportunity for traders looking for a secure and efficient way to invest in the crypto market.

With its commitment to promoting financial literacy and education, traders can be confident in their investment decisions, making TMS Network (TMSN)  a strong choice for those looking to capitalize on the growth of the crypto market, especially at a low price of $0.0047.

Gifto (GFT) and SingularityNET (AGIX) can’t be the best choice out there when TMS Network (TMSN)  approaches ICO. As early as now, it is vital to understand the differences between these platforms and decide where your money can be best spent! ??

For more information on TMS Network (TMSN)  (TMS) please see the links below:

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

Dogecoin (DOGE) And Chainlink (LINK) Holders Intrigued By RenQ Finance (RENQ) Presale

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The crypto world is abuzz with excitement over the upcoming RenQ Finance (RENQ) presale, with Dogecoin (DOGE) and Chainlink (LINK) holders showing particular interest in this promising new project. RenQ Finance (RENQ) aims to revolutionize the DeFi ecosystem by introducing innovative solutions and features that offer improved security, scalability, and user experience.

As one of the most highly anticipated presales of the year, RenQ Finance (RENQ) has attracted a significant following from investors and developers alike, drawn to its vision of creating a more accessible, equitable, and user-friendly DeFi ecosystem. The presale offers a unique opportunity to get in on the ground floor of this exciting project, providing early adopters with the chance to benefit from its potential growth and success.

Dogecoin (DOGE) and Chainlink (LINK) holders, in particular, are intrigued by RenQ Finance (RENQ), recognizing its potential to disrupt the status quo and create new opportunities in the crypto space. As the presale approaches, the anticipation and excitement around RenQ Finance (RENQ) are only continuing to grow, signaling a bright future for this promising project.

Dogecoin (DOGE) And Chainlink (LINK)

Dogecoin (DOGE) and Chainlink (LINK) are two popular cryptocurrencies that have been gaining a lot of attention in the crypto market.

Dogecoin, which was initially created as a joke, has been around since 2013. It gained a lot of popularity in 2021, largely due to tweets from Tesla CEO Elon Musk. Dogecoin’s value soared to an all-time high of over $0.70 in May 2021, although it has since fallen back to around $0.20 as of early 2023. Despite its fluctuating value, Dogecoin continues to have a strong community of supporters and investors.

Chainlink, on the other hand, is a decentralized oracle network that allows smart contracts on the blockchain to securely access off-chain data. It was created in 2017 and has quickly become one of the most valuable cryptocurrencies, with a market cap of over $14 billion as of early 2023. Chainlink’s technology is widely used in the decentralized finance (DeFi) space, which has seen significant growth in recent years.

Both Dogecoin and Chainlink have their own unique features and uses, but both have attracted a significant amount of interest from investors. Dogecoin’s popularity is largely due to its meme status and celebrity endorsements, while Chainlink’s success can be attributed to its innovative technology and widespread adoption.

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RenQ Finance Presale

RenQ Finance is a decentralized finance (DeFi) platform that aims to provide a comprehensive solution for all kinds of traders under one platform in the DeFi world. It aims to empower users with a platform that has the benefits of a centralized exchange and beyond, by providing a cross-chain asset exchange network that connects all isolated blockchains and provides necessary underlying support for the DeFi ecosystem. RenQ Finance offers a user-friendly interface that makes it easy for users to participate in the platform’s financial services, even if they have little experience with cryptocurrencies or DeFi.

The RenQ Finance Presale is currently underway, and it offers investors an opportunity to purchase RENQ tokens at a discounted price before they are listed on major exchanges. RENQ is the governance token of the RENQ ecosystem, and it will be deployed on the Ethereum blockchain (ERC20) at inception. The total supply of RENQ is 1 billion tokens, with 500 million tokens available for purchase during the public sale, which accounts for 50% of the total supply.

The remaining 50% of the RENQ tokens will be distributed as follows: 10% will be allocated to the RENQ pool, 10% to the RENQ vault, 10% to the RENQ farms, 10% for exchange listings, 5% for liquidity, and 5% for the team. The RenQ Finance Presale will take part in 8 stages, with the price of RENQ tokens increasing after each stage’s hard cap has been reached.

Investing in RenQ Finance during the presale presents an opportunity for investors to get in early on a promising DeFi platform that has the potential for significant growth.

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Website: https://renq.io/
Whitepaper: https://renq.io/whitepaper.pdf
Telegram: https://t.me/renqfinance