The post Is MicroStrategy Set for S&P 500 Inclusion? What You Need to Know appeared first on Coinpedia Fintech News Rumors are swirling in the financial world that MicroStrategy ($MSTR) may soon join the illustrious ranks of the S&P 500 index. Broker Benchmark suggests that with a few strategic moves, MicroStrategy could meet the criteria for inclusion in this prestigious index, potentially reshaping the company’s future trajectory. Impending Earnings Report MicroStrategy, led by CEO Michael Saylor, is set to release its earnings report in just four days. Analysts anticipate a quarterly loss of $0.55 per share. However, adopting new accounting standards could potentially turn that expected loss into a gain of over $300 per share. MicroStrategy currently ticks almost all the boxes for S&P 500 inclusion, boasting adequate liquidity and market capitalization. However, the missing piece of the puzzle has been consistent positive earnings in quarterly reports, a feat that early adoption of the Financial Accounting Standards Board’s (FASB) new rules could accomplish. Early Adoption of Accounting Standards While the FASB’s new accounting rules aren’t slated to take full effect until 2025, companies can adopt them early. MicroStrategy’s decision to embrace these standards ahead of schedule could be a game-changer, potentially paving the way for its inclusion in the S&P 500 index. MicroStrategy has faced challenges in its earnings reports, with losses recorded in 10 out of the last 14 quarters. However, the company’s proactive approach to adopting new accounting standards suggests a potential shift in this trend. This strategic move could significantly impact MicroStraegy’s valuation and market perception. Analysts foresee substantial benefits for MicroStrategy if it secures a spot in the S&P 500. One analyst notes, “Inclusion in the S&P 500 would position MSTR’s stock valuation to receive an ongoing boost from the price-agnostic purchases of its shares resulting from enormous passive inflows.” This suggests that joining the S&P 500 could unlock a new wave of investment and growth opportunities for MicroStrategy.
The post Ripple vs. SEC: Judge Netburn Advances XRP Lawsuit with New Scheduling Order appeared first on Coinpedia Fintech News Magistrate Judge Sarah Netburn has issued a new scheduling order in the years-long legal battle between Ripple Labs and the United States Securities and Exchange Commission. Judge Netburn’s recent nomination as District Judge in the Southern District of New York has not impacted her role in the Ripple vs. SEC case, where she has continued to preside with a reputation for fair rulings. This is viewed as a positive sign by the crypto community, considering her history of rulings in this case. SEC’s Last Date To Respond After Judge Netburn was nominated to preside over the Ripple vs SEC case, the respected pro-crypto judge granted an extension for the SEC to file their rebuttal to Ripple’s motion until April 29, 2024. Following this, Ripple will have three business days to respond. This order is crucial as it addresses Ripple’s motion to dismiss the SEC’s recent expert submissions, which seek to strengthen the SEC’s case for remedies and a final judgment. Ripple maintains its rigid stance against the SEC overstepping its legal boundaries. The Current Arguments in Ripple vs SEC Case Ripple had contested the SEC’s proposed civil penalties, suggesting a settlement of $10 million instead of the $2bn sought by the SEC. Ripple argues that the SEC’s claims are overstated and not supported by sufficient evidence. Additionally, Ripple has challenged the SEC’s basis for disgorgement, arguing that there is no substantial evidence of financial harm resulting from Ripple’s actions. To support their stance, the defendants have also cited the Govil case which highlights the lack of evidence for future violations or reckless behaviour in its institutional XRP sales. Ripple argues that legitimate business expenses should be deducted from any disgorgement calculations. A key point in Ripple’s defence has been the argument that its On-Demand Liquidity (ODL) sales do not constitute investment contracts, as alleged by the SEC. Customers hold XRP for only a few seconds to facilitate cross-border payments, indicating that the primary use of ODL is for transactional purposes, not investment. Ripple’s case rests on the claim that XRP is not intended to be an investment vehicle. This argument is central to refuting the SEC’s classification of XRP as a security. By maintaining its arguments that the SEC has not proven reckless behaviour or a high probability of future violations, Ripple aims to discredit the SEC’s demand for disgorgement and large civil penalties. Overall… The Ripple vs. SEC case continues to be a significant legal battle with implications for the broader cryptocurrency industry. Judge Netburn’s recent order and Ripple’s defense arguments highlight this high-stakes litigation’s ongoing complexities and nuances.
The Pantera Fund V will invest in a range of blockchain-based assets and is slated for launch in April 2025.
The post US FBI Issues Stark Warning Against Unregistered Cryptocurrency Services appeared first on Coinpedia Fintech News The U.S. regulatory forces have launched a full-fledged attack on cryptocurrency services that are not registered to the U.S. and do not comply with their rules. The Federal Bureau of Investigation has warned American consumers about the risks of using cryptocurrency money-transmitting services not registered as Money Services Businesses (MSBs). FBI’s Warning on Unlicensed Cryptocurrency Services In a recent Public Service Announcement, the FBI alerted consumers to the dangers of unlicensed cryptocurrency money-transmitting services. According to the announcement, these services fail to comply with federal regulations, pose significant user risks, and may be subject to law enforcement actions. This alert aims to prevent individuals from engaging with services that do not meet anti-money laundering (AML) requirements or collect required “know your customer” (KYC) information. Consequences of Using Unregistered Services The FBI’s warning is not general but comes with a consequential provision. The FBI notice warns customers that using unlicensed cryptocurrency services could lead to financial disruptions if these businesses are subject to law enforcement operations. Because these services often intermingle legitimate funds with those obtained through illegal means, users may lose access to their cryptocurrency or experience significant delays in regaining access. The FBI underscores that law enforcement will investigate services that purposely break the law or facilitate illegal transactions. Law enforcement targeting a business can lead to significant disruptions for users. Consequently, users should ensure that any service they use complies with federal regulations to avoid unexpected financial complications. Tips for Identifying Registered Services To help consumers avoid unregistered cryptocurrency services, the FBI offers several practical tips such as – Before using a money-transmitting service, individuals should check whether it is registered as an MSB with the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The FBI recommends visiting the FinCEN website to confirm a service’s registration status. The FBI advises against using services that do not ask for KYC information, such as name, date of birth, address, and identification, before allowing money or cryptocurrency transactions. Users should be wary of services that advertise illegal activities or have a reputation for being used by criminals to launder funds.
The post BONK Price Leads Memecoin Rally with a 122% Increase, Surpassing PEPE appeared first on Coinpedia Fintech News Despite recent market turbulence, meme coins on the Solana network defy the trend, showing resilience and significant gains. Bonk (BONK) stands out with a remarkable 130% surge in 12 days, while PEPE lags with 109.8% gains. This surge reflects investor sentiment shifting towards higher-risk assets, especially as the Bitcoin craze fades and the market becomes more favorable for meme coins. Bonk’s performance surpasses meme coins like Dogwifhat (WIF) and Shiba Inu (SHIB), indicating growing investor confidence in the meme coin sector. So what next for BONK, Let’s dive in. is the BONK Price in a buying zone? Despite its rapid surge, technical analysis indicates that BONK still has room for further growth, particularly if leading cryptocurrencies like Bitcoin and Ethereum regain momentum. The Bollinger band analysis suggests that BONK is approaching a crucial resistance level at $0.0000028, and a breakthrough could propel its price to new highs above $0.000030. However, there are potential downfalls. BONK could face a reversal if BTC and ETH continue to struggle, leading to a pullback towards key support levels. Investors should closely monitor these levels, particularly at $0.0000216 and the $0.0000152 to $0.0000186 range, as they could present buying opportunities in case of a dip. Despite these risks, BONK’s strong social dominance and robust trading volume indicate sustained interest from investors. This suggests that BONK may continue to attract attention, especially if market conditions improve. While BONK has shown significant upside potential in recent weeks, investors should remain cautious and stay informed about market dynamics. By staying vigilant and managing risks effectively, investors can capitalize on potential opportunities while navigating the cryptocurrency market’s volatility. What to expect from BONK Price? Memecoins are playing smart and most Solana-based coins are getting investor attention all due to the low risk and quick profit. Interestingly, BONK’s price is showing potential for gains. But you need to look for an opportunity to buy if it dips to around $0.0000216 or between $0.0000152 and $0.0000186. If it breaks above $0.0000245, it could keep going up, possibly reaching $0.0000299, then even higher to $0.0000342 and $0.0000373. Investors who are still interested in BONK need to be careful if it doesn’t attract buyers around $0.0000152 to $0.0000186, as this could indicate a weak market. Keep an eye on these levels to make smart investment choices.
Countries in the Middle East saw a 166 per cent increase in daily crypto traders in February earlier this year; Bitget Research, the research arm of the world’s crypto exchange and Web3 company Bitget, reveals in its latest report. In February 2023, six countries in the Middle East saw 300,000 daily active users on centralised crypto exchanges. But in the same month a year later, there were over 500,000. Bitget Research has attributed much of this growth to favourable local crypto regulations in the Middle East, the approval of Bitcoin ETFs, and the increasing attractiveness of digital assets amid a market upturn. The UAE emerged as the region with the highest cryptocurrency adoption rate in the region, with 72 per cent of local users investing in Bitcoin. Twenty-nine per cent of UAE-based users surveyed believe that digital assets offer a more convenient way of holding assets. Meanwhile, 34 per cent of users are cryptocurrency traders, and 22 per cent use them for daily payments. Bitget added that the leading position of the UAE as a hub of crypto activity is not surprising, considering that it has the most crypto-friendly policies in the Middle East. In the meantime, most other countries continue to improve their cryptocurrency regulations, moving from outright bans to a more compliant approach to stream new investments, projects, and users to their jurisdictions. Gracy Chen, managing director of Bitget Gracy Chen, managing director of Bitget, states: “We are excited about the potential of the Middle East market and anticipate continued growth in both users and market size. “The UAE, in particular, holds significant importance as a base within the region. It has emerged as a hub for cryptocurrency talents, funds, and enterprises, while also steadily gaining global influence in the crypto space. We look forward to contributing to and witnessing the further development of this dynamic market.” Looking to the future The research revealed that Middle Eastern countries are heavily reliant on global-level centralised exchanges. The Bitget research division has attributed such lacklustre values to the lower variety and liquidity of tradable assets on local exchanges compared to global exchanges, as well as the convenience of local currency deposit and withdrawal channels available on most global competing platforms. Decentralised exchanges are also among the go-to venues for users across the Middle East. The primary platforms for P2P trading are based on blockchains like Solana, BSC, and Ethereum, and include DEXs such as Uniswap, Pancakeswap, Raydium, and others. The Bitget report also highlights in conclusion that cryptocurrency adoption rates in the Middle East are expected to continue rising from 330,000 daily active users in 2023 to around 700,000 by the end of 2024. The main factors influencing such growth are favourable crypto regulation in the analysed countries, as well as the investment attractiveness of digital assets as a whole in light of a market upturn. The post Middle East Experiences Crypto Surge With 166% increase in Daily Crypto Traders, Reveals Bitget appeared first on The Fintech Times.
BlockDAG’s ROI Potential Soars From 20,000x To 30,000x After Moon-Shot Keynote As Rivalry with Dogwifhat & Worldcoin Intensifies Following its moon-shot keynote, BlockDAG‘s ROI potential has dramatically escalated from 20,000x to an astonishing 30,000x, highlighting a significant leap in the crypto landscape. This potential surge boosts BlockDAG’s market stance and intensifies its competition with rising crypto entities like Dogwifhat and Worldcoin. As BlockDAG continues to merge digital and traditional finance through innovative blockchain solutions, it now leads with a presale that has exceeded $20.6 million, capturing the attention of investors and setting new benchmarks in the industry. Meanwhile, Dogwifhat and Worldcoin are carving their niches, with Worldcoin pushing boundaries on transparency and Dogwifhat capitalising on its community support. The rivalry heats up as each strives to attract investors with unique offerings. Still, BlockDAG’s groundbreaking approach and the visionary keynote from the moon distinctly set it apart in the evolving crypto race. Dogwifhat: Making Significant Strides in Crypto Dogwifhat, known for its appealing market perception, has significantly carved out its niche in the crypto universe. Its market capitalisation has soared past $3 billion, buoyed by a community that firmly backs its vision and invests confidently. Despite experiencing price fluctuations, analyses suggest a bullish outlook for Dogwifhat (WIF), forecasting consistent growth. This token’s blend of humour and smart market strategies exemplifies the potential of meme coins to stand toe-to-toe with more established cryptocurrencies, captivating investors and sparking community discussions. Worldcoin: Advocating for Transparency and Trust Worldcoin has adopted a groundbreaking approach by making its Orb eye-scanning technology accessible to the public, enhancing transparency and trust. This move towards open biometric data protection practices has solidified its commitment to user privacy. With the WLD token’s value climbing above $7, the market remains optimistic about Worldcoin’s prospects despite potential adjustments ahead. Worldcoin’s dedication to transparency and technological innovation firmly establishes it as a leader in fostering user trust and advancing cryptographic solutions. BlockDAG: Pioneering a New Era in Crypto BlockDAG is revolutionising the cryptocurrency market with its innovative ecosystem. The launch of its presale for a revolutionary payment card has captivated the financial transaction sector by blending the practicality of traditional finance with the security and efficiency of blockchain technology. This card facilitates the conversion of various cryptocurrencies, including Ethereum and Bitcoin, into fiat currency, simplifying the management of daily expenses with minimal fees and no annual charges. Its global acceptance ensures hassle-free international transactions, eliminating extra costs and providing extensive convenience to its users. The crypto community’s excitement has surged following the release of BlockDAG’s white paper, which has converted initial sceptics into believers. Thanks to the compelling white paper and informative video, the community eagerly anticipates the rapid sell-out of its presale, expected within three months. Having raised over $20 million already, the projected 300x ROI reflects strong investor confidence in BlockDAG’s strategic vision to achieve a valuation of $600 million by 2024. A New Dawn for Crypto Investments As the cryptocurrency scene buzzes with activity, BlockDAG cements its status as a top contender through its pioneering technology and user-centric innovations. While Dogwifhat and Worldcoin have their own unique stories of community engagement and transparency, BlockDAG distinguishes itself with a blend of convenience, security, and strategic market presence. This positions BlockDAG not just as a promising investment opportunity but as a transformative force ready to redefine the standards of success in the digital currency space. The BlockDAG team is enhancing the project’s excitement by announcing a teaser for a keynote video from the moon. This groundbreaking initiative will undoubtedly elevate the project’s profile and outreach, setting the BlockDAG presale apart as a historic event in cryptocurrency. It promises to reshape the arena of digital finance. Join BlockDAG Now! Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post BlockDAG’s $20.6M Presale Success and 30,000x ROI Forecast Surpasses Dogwifhat and Worldcoin in the Crypto Race appeared first on The Merkle News.
Crypto analysts believe the large transfers could have a “big impact” depending on where the capital is getting deployed.