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According to the US Attorney, the Terraform co-founder facilitated transactions of more than $10,000 on the platform “knowing that the property involved in certain financial transactions represented the proceeds of some form of unlawful activity.”
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Marketing at events is being tightened as well. Violators risk fines of up to 10 million dirhams, which equates to more than $2 million. This move was implemented in close cooperation with the federal Securities and Commodities Authority (SCA), illustrating the cohesive regulatory ecosystem that the UAE is building.
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On the marketing front, the Virtual Assets Regulatory Authority introduced stricter rules applicable across the entire UAE, not just the emirate of Dubai. Influencers and businesses promoting digital assets must now include clear risk warnings, refrain from guaranteeing returns and operate within a licensed framework.
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Australia has proposed stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules aimed at tightening oversight of the cryptocurrency industry to combat financial crime.
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Still, in November, Hangzhou-based crypto mining-chip designer Nano Labs started accepting Bitcoin as payment for its goods and services through a business account on Coinbase.
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Bloomberg data analyst Jack Wang said in April that Hong Kong’s crypto exchange-traded funds would not be available for mainland China investors.
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Standard Chartered has maintained the $200,000 price level since January 2024, back before ETFs were approved. The anticipation of a wave of institutional investors seems to be the driving factor for their prediction.
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Geoff Kendrick, global head of digital assets research at Standard Chartered — a cross-border bank — also believes Bitcoin could reach the $200,000 mark by the end of 2025, regardless of who won the 2024 US presidential election.
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On Oct. 22, institutional market researcher Bernstein predicted that Bitcoin would reach $200,000 by the end of 2025. The report suggests that 2025 will mark the beginning of a “new institutional era” for crypto markets, with Wall Street expected to “replace Satoshi as the top Bitcoin wallet” by the end of 2024.
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As Bitcoin’s price surges, wild predictions are bound to multiply. Yet, some bold analysts have dared to stake their reputations, setting specific price targets for BTC before the post-election surge — even at the risk of future ridicule if they’re wrong.
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The crypto market has entered the banana zone, where it continuously reaches new all-time highs. As Bitcoin enters into price discovery, nobody knows what its peak price may be.
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Unlike traditional currencies, Bitcoin is untouched by inflationary forces — a design many now find compelling.
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On top of that, fiat currencies have weakened after years of central banks flooding markets with liquidity. This environment has led to a resurgence of interest in hard assets. Previously, one of the only options was gold; however, Bitcoin is the new kid in town, often dubbed “digital gold” due to its capped supply of 21 million coins.
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The Fed has begun to pivot to more accommodative policies in response to economic headwinds, as the latest rate cuts indicate. The resulting liquidity could be fertile ground for Bitcoin’s growth.
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The US Federal Reserve’s aggressive interest rate hikes, aimed at taming inflation, have unsettled markets and fueled fears of a recession.
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With inflation running rampant, fiat currencies worldwide are experiencing a steep decline in purchasing power. In the United States, inflation peaked at 9.1% in 2022 — its highest in four decades — before easing but still settling uncomfortably above historical norms.
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The company had previously limited the availability of its USDt and EURt stablecoins in a bid to continue carrying both, but this latest move indicates the company is focusing its efforts on the dollar-pegged offering going forward.
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Cryptocurrency firm Tether announced it will cease support for its euro-pegged EURt stablecoin. The company is no longer minting new EURt, with the last order processed as of 2022, and will close out balances by November 2025.
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