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Wall Street stockbroker Martin Schwartz wrote in his book "Pit Bull": "Based on the first law of physics, a moving object continues to move until an external force acts on it," referring to the recent movement in the digital currency market, which is expected to continue to rise unless External forces influence it, which he mentioned in his interview with CoinDesk.
Bitcoin to $56,000:
“I expect it to move all the way to $56,000,” William Noble, director of research at Emerging Asset Group and former analyst at Goldman Sachs (NYSE:GS) (NYSE:GS) and Morgan Stanley (NYSE:MS) (NYSE:MS) told CoinDesk. Noble (OTC:NEBLQ) had predicted that the cryptocurrency would rise in late 2020 from $20,000 to $40,000.
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Canadian Securities Administrators may intend to tighten rules for cryptocurrency exchanges later this month.
In this regard, people familiar with those government plans explained that the recent scams that have taken the digital currency market as an outlet have accelerated the steps of the concerned authorities in Canada to regulate the digital currency market as a whole. Including regulating the operations of cryptocurrency exchanges that are not registered in Canada.
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After strong gains in the crypto market, yesterday evening, Thursday, digital currencies returned to decline again during today's trading, Friday, affected by the surprising US data issued yesterday, which reinforces the tightening trend of the US Federal Reserve in raising interest rates.
Bitcoin reached its highest level in six months yesterday, Thursday, as it rose in line with stocks and other relatively riskier assets amid investors' appetite for risk as their confidence in the economic outlook increased.
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Possible fines on Binance
According to a recent report by the Wall Street Journal, which cited the company's director of strategy and planning, Patrick Heilman, the world's largest digital asset exchange, Binance, is preparing to comply with sanctions imposed on it and pay fines, in order to settle ongoing regulatory and legal investigations in the United States, which have not yet been announced. be settled yet.
Heilman stated that Binance is "working with regulators to find out what it should do to resolve outstanding issues," adding that the ongoing investigations will end in imposing fines, but that otherwise could happen, noting that this decision "will be taken by the regulators."
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Bitcoin fell after failing to hold the $25,000 levels last seen in June 2022.
Bitcoin fell towards the $23,500 levels after losing the $25,000 level, at which it faces intense selling that hinders the continuation of the ascent. Bitcoin fell from $25,250 to $23,500, a decline of 7%, and now settles at $23,733, a decline of 3.6% in the last session.
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El Salvador announced that it plans to open a bitcoin office in the US state of Texas in its latest project related to promoting the most famous digital currency, after the US state agreed to open the office there.
El Salvador's plans to open a bitcoin office were announced via Twitter after the country's ambassador to the United States, Melina Mayorga, met with Texas Deputy Secretary of State Joe Esparza on February 15.
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Bank of Japan Executive Director Shinichi Uchida announced Friday morning that he intends to launch a beta version to test using his version of the CBDC, popularly known as the digital yen, in April.
In remarks during the 5th meeting of the Bank of Japan's Liaison and Coordination Committee, which was convened to discuss the latest developments on the Japanese yen, Uchida said the country's central bank plans to develop a system for testing the digital yen before adopting the final issuance.
