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The cryptocurrency you shouldn’t miss alongside Bitcoin and Ethereum: Furrever Token 25% bonus

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The cryptocurrency you shouldn't miss alongside Bitcoin and Ethereum: Furrever Token 25% bonus

As we navigate the ever-changing tides of the crypto world, Bitcoin It is Ethereum stay at the forefront. To type Furrever Token, a newcomer with the potential to reshape the market. This article delves into the comparative strengths and unique appeal of these cryptocurrencies.

Impact of New York’s Stricter Customer Service Regulations on Bitcoin Prices

The New York State Department of Financial Services (DFS) has introduced new guidance that requires regulated cryptocurrency entities to implement comprehensive customer service policies and procedures. This regulatory change will likely have several effects on Bitcoin prices:

1. Rising Operating Costs for Crypto Businesses:

The new regulations require crypto companies to implement detailed customer service protocols, collect data and provide quarterly reviews. These prerequisites will increase operational costs for these companies, which could lead to increased transaction fees for users. Higher exchange costs may decrease demand for Bitcoin, possibly placing a decreasing weight on its cost.

2. Greater consumer confidence:

Stricter regulations and advanced customer benefit conventions can increase buyer security in the cryptocurrency stages. The updated belief appears to attract more investors to the publicity, expanding demand for Bitcoin and possibly increasing its price.

3. Market Stability:

With better customer service and more transparent operations, the cryptocurrency market could experience reduced volatility. Stable and reliable service from crypto companies could contribute to a more stable Bitcoin price as investor concerns about the platform’s reliability subside.

4. Regulatory Compliance and Market Perception:

Compliance with DFS regulations can improve the perception of Bitcoin and other cryptocurrencies as genuine and safe ventures. Positive recognition from the showcase could attract business speculators, help expand demand for Bitcoin and increase its price.

5. Potential for Greater Adoption:

Improved customer service and resolution mechanisms could encourage more individuals and businesses to adopt Bitcoin for transactions and investments. Increased adoption could lead to greater demand and a subsequent increase in Bitcoin prices.

6. Short-term market reaction:

In the short term, the market may react negatively to the announcement due to concerns about increased regulatory burdens and operating costs. This initial reaction could cause a temporary drop in Bitcoin prices before the potential long-term benefits are realized.

Ethereum ETF Approvals Could Boost Prices Towards $10,000, Predicts Alex Mascioli

Alex Mascioli, founder of TradeTheChain, a website that provides information about Bitcoin, responded by stating that the initial sell-off had already occurred when the ETF approval was announced. He explained that companies typically target institutional clients first and retail users second, similar to the pattern seen with Bitcoin ETFs. Mascioli expressed confidence that Ethereum ETF trading volumes would increase over the summer, predicting that the price of Ethereum could reach $10,000 within eight months.

At the start of the roundtable, moderator Rob Nelson raised questions about the timeframe needed for Ethereum ETF approval and what that means in relation to market fluctuations. Following companies such as VanEck, Ark 21Shares and BlackRock, Nelson considers whether anticipation alone could push up the price of Ethereum, which is the second largest cryptocurrency to be stimulated.

However, Nelson noted that there is no set-aside deadline for companies wanting to be approved for ETFs, so the timeline cannot be determined. He asked if the event would be a sudden occurrence or if the experience would take up the entire summer.

Furrever Token announces 25% bonus on new purchases before stage 9

Furrever Tokenwhich is in the process of preparing for Stage 9, shares the gains by investing in the platform again with its investors with a new chance at bonuses. The coin bonus opportunity, which will be priced at $0.000732, will end on June 10th.

They have started an introductory promotion to buy a new Furrever Token right now with a 25% bonus for a limited time. To take advantage of this offer, simply use the exclusive bonus code: A further development of the arguments presented here involves FURR25. This special promotion starts on Friday, 05/31/2024 at 17:00 UTC and ends on Monday, 10/06/2024 at 17:00 UTC. This is your opportunity to make your involvement in Furrever Token’s evolving digital economy even more valuable.

Here’s how you’ll claim your reward:

  1. Visit the Furrever Token purchase page.
  2. Enter bonus code FURR25 during your purchase.
  3. Receive 25% extra Furrever Tokens instantly!

Furrever Token (FURR) is shaking up the cryptocurrency divide with its captivating approach and promising features. Standing out for its delightful fuzzy creature themes, FURR isn’t just another computerized cash-in; is a community-centered internship that builds associations and offers significant development potential.

As of now estimated at around $0.000648, Furrever Token has quickly gained consideration with its effective pre-sale. Financial experts are attracted to its potential for returns of up to 15x on introductory ventures, making it an attractive proposition for those looking to capitalize on the meme coin trend.

Don’t miss the opportunity to include Furrever Token in your venture portfolio and be prepared for the configuration that will rule the meme coin sector. Visit furrevertoken.com to secure your tokens and be part of this energizing meander.

Join the Furrever Token presale now:

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Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.



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We are the editorial team of TokenTrends, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTrends, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Bitcoin

RIOT, MARA and CLSK shares at risk

TokenTrends Staff

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Bitcoin price nears key support: RIOT, MARA, and CLSK stocks at risk

Bitcoin (BTC) Mining stocks like Riot Platforms (RIOT), Marathon Digital (MARA) and CleanSpark (CLSK) retreated in pre-market trading as BTC retreated.

RIOT, MARA and CLSK all fell more than 2%, while other crypto-related stocks such as MicroStrategy (MSTR) and Coinbase (COIN) fell 1.5%.

Bitcoin sell-off continues

Crypto-linked stocks retreated as Bitcoin resumed its downtrend on Wednesday. After rising to $63,750 on Monday, BTC is hovering at $60,0000 and it is unclear whether it will recover.

More importantly, Bitcoin is dangerously close to the crucial support at $58,273, which is the 200-day Exponential Moving Average (EMA). The next support level for Bitcoin is $56,426, representing its lowest level in May.

Bitcoin Price Chart

If Bitcoin drops below this price, it will be a sign that the bears have prevailed, which could take it to the $50,000 level, if not below.

This decline happened after a whale deposited nearly 2,000 Bitcoins to Binance in two separate transactions. While this isn’t always the case, deposits to exchanges often happen when holders are exiting their positions.

The whales’ action coincided with a period in which the German government continues to sell off its Bitcoin holdings. It transferred $52 million worth of coins to exchanges on Tuesday.

As a result, data from CoinGlass shows that the volume of Bitcoin balances on exchanges has started to increase. The volume rose to 2.49 million on Tuesday, from last month’s low of 2.47 million.

Bitcoin Balances

Bitcoin balances on exchanges

Bitcoin Mining Companies at Risk

If the Bitcoin sell-off continues, it will put Bitcoin mining companies like Marathon, CleanSpark, and Riot Platforms at risk. These companies have tended to have a close correlation with Bitcoin in the past.

This drop is happening a few months after the halving event, reducing the amount of Bitcoins that miners receive.

To compensate for this drop, most of these companies have added their mining equipment. CleanSpark has reached a hash rate of 20 EH/swhich helped her mine 445 coins in June after mining 417 coins the previous month. She did this after purchasing 5 mining sites in Georgia.

Digital Marathon mined 590 coins in June, down 40% from the same month in 2023 and flat from May.

Riot Platforms, on the other hand, focused on acquiring Bitfarms, a company that mined 189 coins in June.

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Michael Saylor Issues Statement on Bitcoin Amid Crypto Market Sell-Off by U.Today

TokenTrends Staff

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Michael Saylor issues statement on Bitcoin amid crypto market sell-off

U.Today – Amid an ongoing sell-off in the cryptocurrency market, Michael Saylor, a prominent advocate and president of MicroStrategy, made a statement on X (Twitter) that reverberated across the crypto space: “Just Bitcoin.”

This two-word tweet comes as the cryptocurrency market faces significant sell-offs as the price of Bitcoin plummets.

Bitcoin, the largest cryptocurrency by market value, began its decline in Tuesday’s trading session, hitting $63,223 at one point before falling further.

Losses deepened on Wednesday as investors considered remarks from Fed Chair Jerome Powell, with Bitcoin hitting intraday lows of $59,509. At the time of writing, BTC is down 2.85% over the past 24 hours to $60,274.

According to data from CoinGlass, the sell-off has resulted in a significant amount of cryptocurrencies being liquidated in the past 24 hours, totaling over $166 million. However, this has not deterred Saylor’s confidence in Bitcoin, as he reiterates his longing for the crypto asset in his tweet.

Cryptocurrency market crashes

Cryptocurrencies fell on Tuesday after Fed Chairman Jerome Powell said the central bank needs to see more progress on inflation before cutting interest rates, which are now at 5.25%-5.50%. Powell revealed at a monetary symposium in Sintra, Portugal, that the United States is moving closer to a disinflationary path.

“We want to be more confident that inflation is moving sustainably downward toward 2% before we begin the process of tapering or easing policy,” Powell said.

Market losses deepened after Wednesday’s economic releases that indicated the labor market is cooling. Recent data showed weaker-than-expected private payroll growth in June, but weekly jobless claims were higher than economists had forecast. The latest figures come ahead of the highly anticipated June nonfarm payrolls report on Friday.

As the cryptocurrency market goes through a period of uncertainty, the coming days and weeks will be crucial in determining the direction of BTC’s price.

This article was originally published on U.Today



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Bitcoin and Ethereum in GTA 6? Still rumors — for now

TokenTrends Staff

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Bitcoin and Ethereum in GTA 6? Still rumors — for now

Rumors that the long-awaited Grand Theft Auto 6 will use cryptocurrency that has been circulating for more than a year now—and they’re spinning again.

On Wednesday, a pseudonymous Crypto Twitter influencer named Gordon — apparently named after Gordon Gekko from the iconic 1987 film “Wall Street” —shared to his nearly 500,000 followers that “GTA 6 will allow cryptocurrency payments” and that “so far only Bitcoin, EthereumIt is USDT [are] confirmed.”

But in reality, no cryptocurrency has been confirmed for Grand Theft Auto 6, despite ongoing chatter about the rumors. Rockstar Games and parent company Take-Two have made no such announcements this week on the subject, nor have they made any prior announcements, and official trailers and announcements have made no mention of cryptocurrency being included.

However, the tweet — which also included a fake trailer for the game — quickly went viral, with over 500,000 views as of this writing in a matter of hours. When Twitter users asked Gordon for his sources, he would jokingly respond that his “uncle works there” or say that previous reports on the matter were “old” at this point.

But really, nothing has changed since then. DecipherGG’s reported in previous rumors in May 2023, not even since the first official trailer — which initially leaked with “BUY BTC” stamped on itApparently by the leaker in question—premiered last December.

DecipherGG reached out to Rockstar Games for comment but did not receive an immediate response.

Could Grand Theft Auto 6 implement a crypto element when it releases in 2025? It’s certainly possible, and if so, it would be a transformative moment for cryptocurrency adoption by the traditional gaming industry.

Take-Two Interactive has explored the space before, acquiring casual gaming giant Zynga in early 2022, when Take-Two founder and CEO Strauss Zelnick suggested there were “Web3 opportunities” that they could explore better as a team. Zynga has launched its first blockchain game on Ethereum, called Sugartownbut Take-Two has yet to get involved with other brands.

Rockstar Games, on the other hand, prohibited the use of cryptocurrency or NFTs on player-run Grand Theft Auto 5 servers in late 2022, following a rise in the use of NFTs to represent unique player-owned assets on modded game servers.

And given Grand Theft Auto’s satirical tone, the game may be more likely to criticize cryptocurrency and poke fun at caricatures of crypto fans and NFTs, for example, rather than trying to launch its own on-chain currency. But that’s all speculation at this point, as there are relatively few official details about GTA 6.

For now, at least, don’t believe the hype. While Rockstar Games hasn’t officially closed the door on cryptocurrency usage in Grand Theft Auto 6, it hasn’t confirmed anything about it either. However, it’s sure to remain a hot topic in the long run leading up to release, which is currently scheduled for fall 2025.

Edited by Ryan Ozawa.

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Crypto President Trump’s ‘Lesser’ Regulation Will Bless Coinbase’s Bitcoin Leverage, Expert Says – Coinbase Glb (NASDAQ:COIN)

TokenTrends Staff

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Crypto President Trump's 'Lesser' Regulation Will Bless Coinbase's Bitcoin Leverage, Expert Says - Coinbase Glb (NASDAQ:COIN)

Chris SenyekChief Investment Strategist at Wolfe Researchrecently expressed his opinion on the potential impact of a Donald Trump win the 2024 elections in the cryptocurrency market.

What happened: Senyek suggested that a Trump presidency could ease cryptocurrency regulations, benefiting companies like Coinbase Global Inc. COIN due to its importance Bitcoin BTC/USD Leverage.

“Trump would be less harsh on crypto regulation, and Coinbase would be a big beneficiary of that given its influence on bitcoin,” Senyek said during CNBC’s “Last Call” on Tuesday.

See too: Enhance Your Retirement Portfolio: The Benefits of Adding Cryptocurrency

Why does this matter?:Senyek’s comments come in the context of the former president Donald Trump‘s reported plans to participate at the Bitcoin 2024 convention, which could reinforce his image as a “Crypto President”.

Trump’s potential participation in the Bitcoin 2024 convention, a major event on the cryptocurrency calendar, could have significant implications for the industry.

Pratik KalaHead of Research in DigitalX Limitedhe has predicted a Trump victory in the upcoming elections, but warns that immediate cryptocurrency-friendly regulations may not be a priority.

A recent report by 10x Search explore the recent rise in Bitcoin price and its potential connection to Trump’s strong position in the 2024 election race. The report, titled “Is the Bitcoin Trump Pump Sustainable?”, highlights a 4% spike in Bitcoin’s price following the news that the president Joe Biden will remain in the race despite a poor performance in the presidential debate.

Price Action: At the time of writing, Bitcoin was trading 2.10% lower at $60,860.66, according to Benzinga Pro.

Read next:

Image created using photos from Shutterstock

This story was generated using Benzinga Neuro and edited by Pooja Rajkumari

News and market data brought to you by Benzinga’s APIs

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