🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

🔥🔥🔥 Daily Market Review: $BTC , $ETH , $TRX , BTT, LTC

In today's market session, slight fluctuations in the global market cap are evident, with the total cap standing at $2.36 trillion, reflecting a 0.94% increase over the last 24 hours.

- Bitcoin (BTC) continues its consolidation phase, displaying a falling wedge pattern on price charts, typically seen as bullish.
Currently priced at $63,001, BTC shows a 2.05% decrease from its previous 24-hour value, with the Relative Strength Index (RSI) hovering near the 40 level.

- Ethereum (ETH) also experiences consolidation, positioned near the middle band on price charts and currently valued at $3,121, reflecting a 0.5% decrease from its previous 24-hour price.

- Tron (TRX) emerges as today's top gainer, with bullish momentum evidenced by its price trending above the green Supertrend line. Priced at $0.1205, TRX reflects a 3% decrease.

- BitTorrent (BTT) demonstrates gains, with intertwined Alligator lines indicating a sideways market. Currently priced at $0.000001341, BTT shows a 0.44% decrease.

- Litecoin (LTC) showcases impressive performance, fluctuating around the cloud and currently valued at $86.42, representing a 1.3% decrease from its previous 24-hour price.

Source - blockchainreporter.net

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👉👉👉 Market Analyst Says #shibaInu Second Leg Coming with Likely 409% Surge to $0.000125

Shiba Inu ($SHIB ) finds itself amidst bearish pressure as investors show a preference for selling rather than accumulating, signaling potential further declines for the meme coin.

Current #marketsentiment is reflected in the formation of red candlesticks on SHIB's daily chart, indicating a lack of bullish activity among investors. Notably, the dominance of whale holders in the SHIB ecosystem has led to a slowdown in token accumulation.

Over the past two months, top whale addresses have withdrawn approximately 13 trillion SHIB, equivalent to around $328 million. This trend suggests that SHIB holders lack the motivation to accumulate the token, potentially hindering any recovery efforts supported by #whale 🐳🐳🐳activity.

Compounding the bearish outlook, retail investors appear hesitant to adopt an optimistic stance. Analysis of active addresses reveals that only about 21% of investors conducting transactions on the network are currently profiting. This trend suggests that many SHIB holders may be inclined to sell their holdings amid declining prices to mitigate losses, contributing to further downward pressure.

Looking ahead, Shiba Inu's price trajectory is expected to remain within a descending channel that has persisted for the past month and a half. Failure to breach the upper trend line reinforces this pattern, indicating a potential retest of the lower trend line as support. In this scenario, SHIB's price could target a drawdown to approximately $0.00002039.

However, a potential rebound could occur if SHIB manages to bounce off the support level at $0.00002268. Breaking above the upper trend line would invalidate the bearish outlook, potentially propelling Shiba Inu's price towards $0.00002835.

Source - beincrypto.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks

Bitcoin Under Pressure But 🐳🐳🐳 Hold Over $331 Billion Of $BTC : A Sign To Buy?

Recent on-chain data presents a contradictory narrative amid Bitcoin's struggle to break free from a tight trading range. Analyst insights reveal significant accumulation of Bitcoin by whales, who collectively hold over 5.1 million BTC valued at $331 billion. This ongoing accumulation contradicts prevailing market weakness and doubts about further declines.

Bitcoin faces resistance at $73,800 and support at $60,000, struggling to breach the $70,000 mark post-Halving event. Despite overall market confidence, the #cryptocurrency lacks sustained upward momentum since April 21 and 22, indicating underlying fragility.

A potential breakout looms if Bitcoin surpasses the middle Bollinger Band, backed by positive fundamental developments, propelling the coin to fresh all-time highs. Conversely, renewed selling pressure could trigger lower lows, potentially breaching April 2023 lows.

Panic selling on major exchanges like #Binance and OKX, with a combined total of 5,137 BTC sold at a loss, coincides with a gradual price decline. Substantial outflows from ARKB, a spot #BitcoinETF , and other spot ETF issuers further reflect investor caution.

Source - newsbtc.com

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🔥🔥🔥 #shibaInu Coin Price Forecast As Shibarium Upgrades Roll Out, Is This The Road $0.0001?

Shiba Inu Coin (SHIB), a prominent meme coin, is currently experiencing a notable downtrend, mirroring the broader volatility in the #cryptocurrency market. Currently priced at $0.0000252, it reflects a 2.33% decline, signaling bearish momentum amidst fluctuating market conditions.

In the past 24 hours, SHIB's trading volume decreased by 10% to $661.23 million, while its market capitalization also dropped by 2.33% to $14.85 billion, maintaining its position as the 11th largest cryptocurrency. Despite a 10% increase over the last week, SHIB has witnessed a 16% decline over the past month from its peak of $0.000035, indicating a downward trend.

Shibarium Project Update: Enhancing Performance and Scalability

- The development team announced an upcoming hard fork for the #Shibarium project set to launch on May 2. This update, targeting the Ethereum-based layer-2 solution, promises significant advancements, including improved block processing speeds and stable transaction fees, addressing user concerns and aiming for a smoother experience within the Shibarium ecosystem.

Technical Analysis: Potential Price Movements for $SHIB

- SHIB currently faces significant resistance at $0.000026. A breach of this level could drive the coin's value towards $0.00003, potentially leading to a rally up to $0.00005. Conversely, strengthening bearish sentiment may see SHIB retreat to its support level at $0.000024, with further negative shifts pushing it towards $0.00002 or lower.

Analysis of the Bollinger Bands indicates SHIB trading within a narrow range, with potential resistance at 0.00002986 and support at 0.00002520. The Relative Strength Index (RSI) at 49.04 suggests a neutral trend, while the Average Directional Index (ADX) at 18.21 indicates weak trend strength.

Source - coingape.com

#BinanceSquareTalks #CryptoNews🔒📰🚫

#Bitcoinprice Chops Either Side of $64,000 Following Latest US Inflation Report – Here’s What You Need To Know

The Bitcoin price remained around $64,000 on Friday after the latest US inflation data showed a 0.3% MoM increase in the Core PCE index for March, exceeding the Fed's 2% target.

This translates to an annualized rate of approximately 3.6%, indicating persistently high inflation. Elevated housing and utility inflation could prompt the Fed to maintain higher interest rates for longer, presenting a near-term headwind for Bitcoin.

Despite a slowdown in the US economy, the Fed is expected to remain cautious regarding rate cuts until weakness translates into lower inflation, posing a continued headwind for Bitcoin.

Bitcoin is consolidating near the lower end of its range between $60,000 and $74,000. Stablecoin growth remains robust, signaling continued strong inflows into the crypto market, which could support Bitcoin's price.

However, any weakness in #stablecoin growth could pose downside risk for Bitcoin, potentially leading to a breach of range lows around $60,000 and further decline towards support at $53,000.

In the long term, Bitcoin's bullish thesis remains intact, driven by factors like the recent halving and increasing adoption in traditional finance and investment through #ETFs . Additionally, macroeconomic factors such as global currency debasement and the narrative of Bitcoin as "digital gold" support its long-term growth trajectory.

Technological advancements are enhancing Bitcoin's utility and accessibility, reinforcing its long-term outlook. Bitcoin is anticipated to challenge the $100,000 mark sometime between 2024 and 2025.

Source - cryptonews.com

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$NEAR Protocol Soars 7.3%, Is It Poised To Go Higher?

In the midst of the ongoing crypto bull run, NEAR Protocol (NEAR) is gaining momentum with significant partnerships and advancements, prompting speculation of a potential surge.

NEAR's Performance and Analyst Predictions:

- Crypto analysts note a bullish flag pattern forming on NEAR's monthly chart, suggesting a potential 60-65% surge if a breakout occurs. NEAR briefly surpassed the $7.50 mark before retracing, but analysts remain optimistic, anticipating a move towards $14-$15 if it maintains its position above $7.00.

- Analyst Bluntz highlights NEAR as one of the top performers among #cryptocurrencies , observing an ABC zigzag pattern followed by an ongoing impulse wave pattern. With NEAR breaking out of the $7.00 resistance, Bluntz considers it a market leader.

Expansion and Collaborations:

- NEAR Protocol prioritizes performance, #Security , and scalability, boasting a TVL of $309 million and doubling since Q4 2023. Recent integrations with NodeKit and TrueZK, along with partnerships with Colombian fintech Lulo X and Peersyst Technology, illustrate NEAR's commitment to expanding financial possibilities.

Impressive Performance Amid Bull Run:

- Despite a 6.25% decline from its #ATH , NEAR has surged by over 146% in the last three months. Daily trading volume and market capitalization have also seen significant increases, with NEAR trading at $7.2, reflecting a 7.3% increase in the last 24 hours and a 26% rise in the past week.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks

👉👉👉 #Apple Reportedly in Talks to Deal with This Altcoin -Linked Company

Apple is reportedly in discussions with #openai , a prominent artificial intelligence startup, regarding the integration of OpenAI's technology into upcoming features of the iPhone. These features are anticipated to be part of the forthcoming iPhone operating system, iOS 18, set to launch later this year.

OpenAI CEO #SamAltman is involved in an altcoin project called #Worldcoin (WLD).

The talks between the two tech giants have focused on the terms of a potential agreement and the specifics of incorporating OpenAI's features into iOS 18. Sources, seeking anonymity due to the confidential nature of the discussions, revealed that this signals a renewed dialogue between Apple and OpenAI. Earlier this year, the companies were in preliminary discussions about a deal, but little progress has been made since then.

In addition to OpenAI, Apple is reportedly in negotiations with Alphabet's Google regarding the licensing of Gemini chatbot technology. However, Apple has not yet finalized its decision on which partners it will collaborate with for upcoming artificial intelligence features. It remains a possibility that Apple will strike a deal with both OpenAI and Google, or opt for a different provider altogether.

Apple CEO Tim Cook acknowledged his personal use of OpenAI's ChatGPT last year but also acknowledged that there were "a number of problems that need to be solved." He assured that any new AI features introduced to Apple's platforms would be done "very carefully."

Source - en.bitcoinsistemi.com

#BinanceSquareTalks

🔥🔥🔥 Brace For Price Impact: Dogecoin #Whales 🐳🐳🐳Move Massive 456 Million $DOGE To Exchanges

Recent on-chain data reveals a substantial movement of 456 million DOGE tokens to the crypto exchange Coinbase, coinciding with a flurry of whale transactions across various platforms in the past 24 hours. Despite the recent uptick in meme coin prices, DOGE has struggled to maintain levels above $0.165 over the past week, leading to bearish sentiment towards the #cryptocurrency . The transfer of such a large amount of DOGE into an exchange suggests whales may be preparing to offload their holdings, posing downward pressure on DOGE's price.

Whales Transfer 456 Million DOGE to Coinbase

- The uncertainty around the restructuring plan and potential appeals raises questions about creditors' crypto holdings' true value and their return process. Creditors are seeking legal advice to challenge the plan's fairness, which could impact the bankruptcy case and the broader crypto community

- The rapid succession suggests they may be orchestrated by the same entity. Investigation into the involved addresses reveals they no longer hold any DOGE, reinforcing the notion of selling off the tokens.

- Both addresses held DOGE since last year, with the last inflow on November 1, 2023, when DOGE was around $0.068, potentially making these holdings significantly profitable.

What Lies Ahead for Dogecoin?

- At $0.1511, DOGE shows signs of correction after failing to sustainably break above $0.164. The movement of nearly half a billion Dogecoins suggests potential significant price volatility. While DOGE saw a marginal decline of 0.64% over the past week, other #altcoins and #memecoins like Shiba Inu, PEPE, Dogwifhat, and FLOKI have seen notable gains.

- Predicting DOGE's future remains challenging given its speculative nature and susceptibility to hype. Some foresee short-term declines, while others remain bullish, predicting a potential rally towards $1. Caution & careful analysis are advised for investment decisions involving Dogecoin.

Source - newsbtc.com

#BinanceSquareTalks

👉👉👉 #BitcoinInvestment Received from BNY Mellon, the Oldest #bank of the USA!

In January, the Securities and Exchange Commission's decision to greenlight spot #BitcoinETFs marked a pivotal moment for BTC, drawing the attention of numerous institutional investors eager to tap into the cryptocurrency market through these exchange-traded funds.

Although some banks have been hesitant to fully embrace ETFs, there was a notable shift when BNY Mellon, the oldest bank in the United States, made a substantial move. In a filing submitted to the SEC, BNY Mellon disclosed its investments in #BlackRock and #grayscale Bitcoin ETFs, signaling its confidence in the potential of these financial instruments.

*This is not investment advice.

Source - en.bitcoinsistemi.com

🔥🔥🔥 Bitcoin takes a hit due to latest U.S. inflation data

Bitcoin faced a challenge as it briefly dropped below $63,000 on Thursday, a move attributed to concerning U.S. economic data. The first-quarter GDP report showed growth at just 1.6%, below expectations of 2.5%, and inflation surged to 3.1%, raising concerns about stagflationary pressures.

The market reacted swiftly across asset classes, with major U.S. indexes like the S&P 500 and Nasdaq dropping nearly 2%, and bond yields climbing to 4.73%. Cryptocurrencies , including Bitcoin and Ethereum, slid over 4%, while #Altcoins👀🚀 like Solana, Avalanche, and Aptos saw steeper losses of 8% to 9%.

Liquidity shifts were evident in #cryptocurrency exchanges, with strong sell orders around $64,765 to $67,700 and bids concentrated around $63,500. Despite volatility, Bitcoin filled one of two gaps left by recent futures trading, indicating underlying market strength.

The market's response to the economic data raised doubts about the Federal Reserve's ability to cut interest rates, potentially prolonging the recovery phase for assets like Bitcoin. #CryptoTrading firms advise caution in the immediate term, expecting capped upside potential for Bitcoin and likely consolidation as the market assesses the economic impact.

Source - cryptopolitan.com

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Here’s #shibaInu Potential Growth Rate for May

Shiba Inu is following the broader market's trend, with a recent correction leading to an 8% decline over 24 hours, though it remains resilient around the $0.000025 mark. Short-term outlooks suggest possible further decline before April ends, but long-term sentiment remains optimistic, especially with the #BitcoinHalving on the horizon.

Projected Performance in May 2024

- Changelly predicts SHIB could surge to $0.00008740 in May 2024, a 248% increase from its current price, maintaining an average monthly price of $0.00006120 with a minimum of $0.00003490. CoinCodex shares a bullish outlook, expecting SHIB to reach $0.00003278 in five days and $0.00008284 overall, aligning with Changelly's projection.

Potential Range of $0.00004 to $0.00007

- Cryptorank's historical data suggests SHIB typically sees a 99% increase in May, potentially reaching $0.00004991 in 2024. Google Bard (Gemini) projects a speculative range between $0.00004 and $0.00007 for SHIB's May price, emphasizing caution in interpreting such projections.

Source - thecryptobasic.com

#CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks

Despite #MarketVolatility , #MicroStrategy 's " $BTC per Share" reaches near record levels

MicroStrategy (MSTR) has recently faced a downturn in its stock price, currently hovering around $1,260 per share, down by 35% from its recent peak of nearly $2,000. This decline mirrors Bitcoin's (BTC) 8% pullback over the same period.

Despite the recent dip, MicroStrategy's stock has demonstrated stronger performance year-to-date, with MSTR registering an 84% increase compared to BTC's 44% gain. Data from the MSTR-tracker reveals the "MSTR/BTC Ratio" chart, indicating the relative value between MicroStrategy's stock price and Bitcoin's price. The ratio peaked at around 0.028, similar to its 2021 high, but has since retreated to 0.02.

Moreover, the "NAV Premium" chart provided by MSTR-tracker, which showcases the premium of MicroStrategy's stock over its Bitcoin-based Net Asset Value (NAV), has declined from approximately 2.3 to 1.4. This decline suggests a decrease in the market's valuation of the company's stock compared to its Bitcoin holdings.

However, a critical metric for analyzing MSTR is "BTC per Share," representing the amount of Bitcoin each outstanding share of MicroStrategy corresponds to. According to MSTR-tracker, this metric is currently near all-time highs at 0.012. This figure indicates that investors are accruing more Bitcoin per share over the long term.

Source - cryptoslate.com

#BinanceSquareUpdates #bitcoin

👉👉👉 Celsius Loan Creditors Consider Appeal Against Restructuring Plan Over Alleged Unfair Treatment

Creditors who lent funds through Celsius, a #bankrupt #cryptocurrency lender, are expressing dissatisfaction with the proposed restructuring plan, citing concerns about its fairness and treatment of their claims.

Reports indicate that these creditors believe the current plan favors certain creditors over others, potentially resulting in lower recoveries for users of Celsius loan services.

Key objections to the restructuring plan include perceived disparities in the allocation of funds. Critics argue that the court's decision to allocate $225 million for company capital rather than repaying bonds is unjust, highlighting discrepancies in recovery rates among different creditor groups.

Creditors who provided loans through Celsius are considering filing appeals against the plan, citing unfair treatment. The Bankruptcy Code imposes strict deadlines for appeals, typically requiring filing within 14 days of the judgment. However, extensions may be possible under certain circumstances.

One of the main grievances from loan creditors is the unequal treatment between users of Celsius Earn and Celsius Loan services. Earn creditors reportedly received higher recoveries compared to loan creditors, leading to dissatisfaction among the latter.

Another concern is the allocation of bankruptcy estate funds to capitalize a new #Mining entity instead of enhancing creditors' recoveries. Loan creditors feel their interests are not being adequately addressed in this decision.

The uncertainty around the restructuring plan and potential appeals raises questions about creditors' crypto holdings' true value and their return process. Creditors are seeking legal advice to challenge the plan's fairness, which could impact the bankruptcy case and the broader #CryptoCommunity .

#CryptoNews🔒📰🚫

👉👉👉 #Ethereum Price Faces Crucial Test: Will $3,200 Withstand The Pressure?

Ethereum is striving for a rebound above the $3,125 mark, aiming to overcome the resistance at $3,200 for further upward movement.

The recent downtrend saw Ethereum testing the support zone near $3,075. Presently, the price is trading below $3,180 and the 100-hourly Simple Moving Average. Notably, a notable rising channel is forming with support at $3,140 on the hourly chart of ETH/USD.

Despite a minor climb above the $3,125 resistance, Ethereum faces resistance near the $3,200 zone. Bears are showing activity around this level, hindering significant upward momentum.

Immediate resistance is at $3,180 and the 100-hourly Simple Moving Average, with primary resistance at $3,200 or the 61.8% Fib retracement level from $3,292 to $3,074.

Further resistance lies at $3,240, with potential gains towards $3,280.

A break above $3,280 could lead to testing the $3,350 resistance and potentially targeting $3,500, with upside potential towards $3,550.

If Ethereum fails to break above $3,180 resistance, it may face continued downside pressure. Initial support is near $3,125, followed by a significant zone around $3,075. Primary support rests at $3,030, with a break below suggesting further losses towards $2,880. Extended downside could target $2,750 in the near term.

Technical indicators suggest a loss of momentum in the bearish zone, as evidenced by the hourly MACD and RSI, which is now below the 50 level.

In summary:

- Ethereum is targeting a rebound above $3,125 towards resistance at $3,200, supported by a rising channel forming around $3,140.

- Resistance levels at $3,180, $3,200, and $3,240 could lead to gains towards $3,500 and $3,550.

- Support lies at $3,125, $3,075, and $3,030, with potential downside targets at $2,880 and $2,750.

- Although technical indicators suggest a weakening bearish momentum, caution is warranted given the RSI below 50.

Source - newsbtc.com

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Vertex AI Price Forecast: #bitcoin Has 60% Chance Of Hitting $100,000, Key Predictions Unveiled

Spot On Chain, in partnership with Google Cloud's Vertex AI, has analyzed Bitcoin's future price movement.

#BitcoinPricePredictions

- Spot On Chain forecasts Bitcoin prices to range between $56,000 and $70,000 from May to July 2024. There's a 48% chance of BTC dropping below $60,000, indicating potential volatility. By late 2024, there's a 63% likelihood of Bitcoin hitting $100,000.

- This mid-term outlook reflects a bullish sentiment, driven by anticipated rate cuts post-FOMC meeting in December 2023. Spot On Chain predicts a strong probability of Bitcoin surpassing $150,000 in the first half of 2025, with a 42% chance, rising to 70% for the entire year.

Anticipated Consolidation Phase

- Retk Capital, a crypto analyst, notes Bitcoin's struggle to breach the $65,600 resistance level. This resistance has stalled Bitcoin's upward momentum, with observed support around $60,600.

- Retk Capital suggests a consolidation phase before an expected upward trend, emphasizing the significance of interpreting downside movement within this context.
As of the latest update, BTC trades at $64,355, marking an approximate 8% decrease over the past two weeks and 30 days.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks $BTC #cryptocurrency

🔥🔥🔥 85% Of #Altcoins👀🚀 In “Opportunity Zone,” Santiment Reveals

Santiment's recent analysis reveals that more than 85% of altcoins are currently positioned within the historical "opportunity zone."

Using its MVRV ratio model, Santiment assesses the state of the altcoin market. The MVRV ratio compares Bitcoin's market cap with its realized cap, offering insights into investor capital injection and current value holdings.

The market cap represents the total valuation of a #cryptocurrency 's circulating supply based on the current spot price, while the realized cap calculates the asset's value based on its last transaction on the #Blockchain , reflecting its "true" value.

The MVRV ratio provides insights into the total capital investors have injected into the asset compared to the value holders are currently carrying.

Historically, elevated profits among investors often precede market tops, while widespread losses may indicate potential bottom formations as selling pressure wanes in the market.
Santiment has established an "opportunity" and "danger" zone framework for altcoins based on the MVRV ratio. When the MVRV divergence exceeds 1, the coin is deemed to be within the bullish opportunity zone, while falling below -1 indicates entry into the bearish danger zone.

According to Santiment, over 85% of tracked assets are currently within the historic opportunity zone, suggesting potential investment opportunities.

In #Ethereum news, the largest altcoin by market capitalization has experienced a 3% uptick over the past week, pushing its price to $3,150.

Source - newsbtc.com

#CryptoNews🔒📰🚫

Identity Meets #Blockchain : How Civic Pass’s Latest Move with #Solana⁩ Redefines Token Ownership

#Civic Pass has integrated with Solana Token Extensions, revolutionizing digital identity verification in blockchain. This collaboration introduces transfer hooks, enabling token issuers to embed identity criteria directly into token transactions, enhancing regulatory compliance and preventing fraud. This innovation caters to various sectors, ensuring compliance with specific regulations, such as real-world assets (RWAs) and Unconditional Basic Income (UBI) programs.

The integration unlocks diverse use cases for token issuers. For RWAs, it ensures only authorized investors hold tokens, complying with national regulations. In UBI programs, it enforces one-person-one-wallet policies, bolstering program integrity. Moreover, it streamlines token dispensing for live events, #Airdrops , and DAOs by automating identity verification processes, reducing overhead and enhancing security.

Civic Pass's integration with Solana Token Extensions signifies blockchain's evolution toward secure, compliant transactions.
As blockchain technology advances, such integrations will be crucial for meeting the demands of digital interactions and regulatory frameworks while upholding compliance standards. Developers and issuers aiming to leverage blockchain's potential will find solutions like Civic Pass indispensable.

Source - blockchainreporter.net

#BinanceSquareTalks

👉👉👉 #Bitcoinminer Marathon increases 2024 hash rate target to 50 EH/s

Marathon Digital, a prominent Bitcoin mining firm, has revised its 2024 hash rate target upward from 35-37 exahashes per second (EH/s) to an ambitious 50 EH/s. This decision stems from expanded capacity resulting from recent acquisitions.

CEO Fred Thiel highlighted the company's ample capacity following recent acquisitions and expressed confidence in doubling Marathon's mining operations' scale in 2024. Notably, Thiel emphasized that the new target would be fully funded, requiring no additional capital raising.

Marathon's recent acquisitions include a 200-megawatt Bitcoin mining center acquired from Digital Applied for $87.3 million in March and two additional mining sites totaling 390 megawatts from Generate Capital for $179 million last December.

Currently, Marathon boasts a hash rate of 24.7 EH/s for its Bitcoin mining operations, placing it ahead of competitors like Core Scientific and Riot Platforms, according to #hashrate Index. Achieving the 50 EH/s target would signify a remarkable 100% increase in Marathon's hash rate since the beginning of 2024.

Marathon's stock (MARA) experienced a slight decline of 0.42% to $19.01 on April 25. However, after the announcement, it rallied 4.5% in after-hours trading. This increase follows a trend observed across the industry, with miners experiencing growth since the fourth #BitcoinHalving event at block 840,000 on April 20.

In summary, Marathon Digital's upward revision of its hash rate target reflects its confidence in its expanded capacity and the overall bullish sentiment in the Bitcoin mining sector.

Source - cointelegraph.com

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