Bybit, a prominent cryptocurrency exchange, has announced its decision to cease operations in France due to recent regulatory developments. Effective August 2, 2024, Bybit will restrict all accounts held by French residents to a “Close-Only” mode, preventing new positions from being opened or new funds from being deposited. This move comes in response to the Autorité des Marchés Financiers (AMF), France’s financial regulator, which has been tightening its oversight of cryptocurrency platforms.
The AMF had previously blacklisted Bybit in 2022, citing the exchange’s failure to register as a Digital Asset Services Provider (DASP). This blacklisting has now culminated in Bybit’s decision to exit the French market. The exchange has instructed its French users to close all open positions and withdraw their assets by August 13, 2024, after which any remaining positions will be automatically liquidated.
Bybit’s departure from France highlights the increasing regulatory scrutiny faced by cryptocurrency exchanges in Europe. The AMF’s actions are part of a broader effort to curb illicit activities such as money laundering and to protect retail investors. Bybit has expressed its intention to return to the French market once it secures the necessary regulatory licenses.
This development is a significant blow to Bybit, which had recently surpassed Coinbase to become the world’s second-largest exchange by trading volume. The exchange’s exit from France underscores the challenges that cryptocurrency platforms face in navigating complex regulatory environments. As the industry continues to evolve, exchanges like Bybit will need to adapt to ensure compliance and maintain their market positions.
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BITCOIN WILL FINISH THIS CYCLE CLOSE TO $400K AND ETHEREUM CLOSER TO $40K, PREDICTS MACRO GURU!!
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Macro investor and Real Vision CEO Raoul Pal is unveiling his huge Bitcoin (BTC) and Ethereum (ETH) price predictions for the end of the crypto bull cycle.
The macro guru unveils where he thinks Bitcoin and Ethereum will be, both at the end of the year and at the end of the current bull market cycle.
“I think Bitcoin, somewhere north of $200,000, and ETH closer to $15,000, but I think we finish the cycle with Bitcoin close to $400,000 and ETH closer to $40,000.”
Pal’s targets for BTC and ETH imply a 400% and 966% gain, respectively, from current values of the two largest crypto assets.
In other trending Bitcoin News today: Bitcoin RSI strength suggests BTC price is still far from its cycle top!
Bitcoin has barely started its run to new all-time highs if its relative strength index (RSI) repeats historical behavior.
TechDev previously forecasted a potential top for this cycle lying between $200,000 and $300,000 — again based on mathematical phenomena, notably Fibonacci sequences, which have also characterized every bull run.
Bitcoin O.G. Max Keiser has said that the Bank of England (BoE) will scramble to buy Bitcoin before the digital asset trades at $1 million per BTC.
The host of the Keiser Report and Orange Pill Pod, Max Keiser responded to the Bank of England’s deputy governor’s recent warning about cryptocurrencies in a statement to Express.co.uk.
“Bitcoin is designed to trigger a meltdown of the current fiat money banking system. This is a mathematically guaranteed outcome.
The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops $500,000 and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops $ 1million per coin.”
In other trending Bitcoin News today: Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF!
On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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https://cointelegraph.com/news/analysts-predict-valkyrie-will-launch-bitcoin-futures-etf-this-week
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ANCIENT MATH PREDICTS BITCOIN NEXT TOP AT 0K!! GLOBAL FIAT FALURE WILL PUSH BTC ACCUMULATION!!
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As Bitcoin takes out $11,000 and potentially aims higher, renewed talk of the BTC asset and its next potential peak has returned to the market.
Analysts do their best to do more than just speculate, backing up theories with fundamental statistics or technical signals to predict future prices.
But could it all be based on mathematics that’s been around for centuries? And if so, could Bitcoin’s next peak be at $270K?
Bitcoin price and what it will be some day is a regularly contested subject. Pundits pronounce the asset dead and claim it’s ready to go to zero.
Others, even the likes of billionaire venture capitalist Tim Draper believe it’ll be worth in the hundreds of thousands.
If Bitcoin follows the same exact trajectory as the last bull market, it is on track for a top at around $325K, top crypto experts have claimed.
However, each peak has brought investors diminishing returns, so it is reasonable to expect that peak to be lower than the last in terms of ROI.
But could an extremely simple mathematical pattern named after a mathematician born in 1170 perfectly predict each Bitcoin top?
If it is possible, the formula points to the next peak at $270K according to a chart shared by a leading cryptocurrency analyst.
The cryptocurrency has been peaking at each Fibonacci extension ending in “.272.” Fibonacci retracement and extensions are ratios based on Fibonacci sequence.
The next one above is the 4.272 extension, residing at roughly $270K.
Everything about Bitcoin is steeped in mathematics, so it shouldn’t be shocking that math itself is the key to predicting the crypto asset’s peaks.
The remaining piece of the equation is when this peak occurs.
The “when” is argued in the crypto market nearly as much as how much Bitcoin price will ultimately reach.
Believers in the stock-to-flow model expect the cryptocurrency to rip any day now into a new bull market, potentially making that peak a lot sooner than anyone is ready for.
In other trending Bitcoin News today:
Global Fiat Failure Will Push Countries to Accumulate Bitcoin, Says Max Keiser
Max Keiser, Wall Street vet and host of RT’s Keiser Report, says he believes countries will seek refuge in Bitcoin as fiat currencies fail on a global scale.
In a new installment of Blockchain Interviews, Keiser says the gold market won’t be able to satisfy a surging appetite for safe-haven assets.
“You work through the numbers and there’s just not that much [gold] around. If you needed to buy 300 tons of gold you’re not going to find it, not at the current price. It’s going to be like ‘Okay I’ll sell you 300 tonnes of gold but I’m going to sell it to you at $25,000 an ounce, you can have all you want at $25,000.’”
Keiser expects demand for truly scarce assets to push governments around the world to eventually come around and see the value of Bitcoin.
“So then we need hard money. I think that’s where you’re going to see these central banks turn to Bitcoin and sovereign wealth funds. They’ll be like, ‘Well this Bitcoin this has been around now for 11-12 years. It’s 99.9% fail-proof and it’s got everything we want in hard money.’
You’ll see countries start to accumulate Bitcoin and start to mine for Bitcoin as well, and then they’ll start to subsidize the money they would be subsidizing the energy industry in and subsidizing that in the Bitcoin mining space. So then the game theory kicks in. So, for example, Iran right now has something like 2% of the global hash rate of Bitcoin…”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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Pretty words but no @michael_saylor type commitment to #Bitcoin on the balance sheet
American CEO’s are not getting the Big Picture about what’s happening with #BTC in countries like Nigeria with 30% hyperbitcoinization RIGHT NOW!
Let’s stop the posturing. Take action. https://t.co/mNIUgaOjEN
— Max Keiser (@maxkeiser) October 1, 2020
Crypto Calculated: How Ancient Math Predicts Bitcoin’s Next Top At $270K
https://cointelegraph.com/news/12k-bitcoin-price-back-on-the-table-after-btc-rallies-above-114k
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CHAINLINK (LINK) 5 Reasons Why It’s Leading The Market Today! | Bitcoin Price Bullish Signals!
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ChainLink (LINK) is having an ‘Altcoin Season’ of its own – all over again.
LINK has been known to move against the trend, staging a similar rally in the second quarter.
The Chainlink crypto has now grown more than 49% in a single week, touching $2.97 last night, with predictions of easily reaching $3.
LINK has managed to grow to and all time high of $4.54, and may repeat this record. The ChainLink price is also growing against Bitcoin (BTC), already breaking its own record to above 34,000 Satoshi.
Are Altcoins ready to explode?!
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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I have had the 7.2-7.4k region as my bottom target for some time now, but if it is lost I think we test the mid 6k region and then we get our mega bounce to 14k+. Will be buying more spot all the way down and likely opening some low-leveraged longs in the mid 6k’s. $BTC pic.twitter.com/XfHdPdCRea
— Credible Crypto (@CredibleCrypto) October 9, 2019
$BTC – As you can see from the blue lines and volume profile Bitcoin price managed to break and close above the highest volume areas in this rangeThis will now typically act as support
$8,380s could act as resistance but price can run up to $8500s with a break above there pic.twitter.com/06PaiqdjTa
— Josh Rager 📈 (@Josh_Rager) October 8, 2019
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