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#DigitalAssetBill KuCoin CEO BC Wong told Cointelegraph that some regulators might be using regulation to drive away global players and pave the way for domestic trading platforms. Crypto exchange KuCoin said that it may reenter South Korea after its platform was blocked in the country. On March 21, South Korean regulators ordered Google Play to block access to exchanges that were not compliant with the requirements needed to operate in the country. On April 11, South Korea’s Financial Services Commission (FSC) ordered the Apple Store to block unregistered crypto exchanges. KuCoin was among those affected by the country’s crackdown on unregistered platforms that were previously available. While the platform is now unavailable to South Koreans, it has not fully abandoned the jurisdiction. In an exclusive interview with Cointelegraph, KuCoin’s newly appointed CEO, BC Wong, said that the crypto exchange has plans to reenter the country.
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North Carolina’s House passed a bill to allow the state treasurer to invest government funds in approved cryptocurrencies with a 71 to 44 vote. North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate. #xrp The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44. #TRUMP Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets. #BTC The investments can only be made after obtaining an independent third-party assessment confirming that the crypto holdings are maintained with a secure custody solution and risk oversight and regulatory compliance standards are met. #Ethereum New amendments allow the treasurer to examine the feasibility of allowing members of retirement and deferred compensation plans to elect to invest in digital assets held as exchange-traded products (ETPs).
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To read "Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028" ==>>
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Bitcoin macro indicator that predicted 2022 bottom flashes 'buy signal' The indicator is making a strong case for a Bitcoin price rally toward $100,000 and higher, helped further by growing bullish signals from the futures market. Macro Chain Index issues first buy signal since 2022, hinting at a new Bitcoin bull run. RSI crossover on the MCI aligns with past cycle bottoms that preceded 500%+ BTC rallies. Bitcoin price recovers from $74K to $95K amid rising open interest and positive funding rates. A key Bitcoin BTC $94,391 indicator that accurately signaled the 2022 market bottom has just flashed another buy signal, suggesting the cryptocurrency may be entering a new bull phase. Bitcoin metric hints at “absolute bottom” Dubbed the Macro Chain Index (MCI), the indicator is a composite of several long-term on-chain and macroeconomic metrics. It analyzes factors such as accumulation behavior, network activity, and supply trends, helping identify whether Bitcoin is undervalued or overvalued relative to its historical cycle position. The most important part of the current chart is the RSI (Relative Strength Index) of the MCI (purple). In April, the RSI crossed above its 52-week moving average (yellow), which has historically confirmed the start of Bitcoin bull runs. 2015 ahead of Bitcoin’s surge to $20,000, in 2019 before the run to $65,000, and in late 2022 just before BTC bottomed near $15,500.
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#AirdropSafetyGuide Banks must adopt crypto or be extinct in 10 years, Eric Trump says While the existing financial system is slow and expensive, crypto apps already allow people to send money instantly and cheaply, Eric Trump stated. Eric Trump, executive vice president of the Trump Organization and son of US President Donald Trump, has delivered a warning to global banks regarding cryptocurrency adoption. Banks around the world will have to adopt cryptocurrency or go extinct in a decade, Trump predicted in an interview with CNBC’s Dan Murphy in Dubai on April 30. “The modern financial system is broken, it’s slow, it’s expensive,” the businessman said, adding that the existing banking system “favors the ultra-wealthy.” “It forced me into the crypto world,” he continued, adding: “And I’m telling you, if the banks don’t watch what’s coming, they’re going to be extinct in 10 years.” SWIFT is an “absolute disaster” While emphasizing the need for banks to closely monitor developments in the crypto industry, Trump highlighted the benefits of cryptocurrency’s underlying blockchain technology for the financial system.
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