The post Kazakhstan Closed Down on Illegal Crypto Exchanges: 3,500 Platforms Blocked! appeared first on Coinpedia Fintech News Kazakhstan has taken a strong stance against illegal cryptocurrency activity, shocking the world with its massive crackdown. Over 3,500 illegal crypto exchanges have been blocked, marking a major shift in the country’s approach to digital assets. This move came after years of growing concern over unregulated crypto platforms operating within the country. Kazakhstan Strict Action On Crypto Exchanges The crackdown was led by Kazakhstan’s Agency for Financial Monitoring (AFM RK), in collaboration with the National Security Committee and the Ministry of Culture and Information. Together, these institutions have launched a significant operation to rid the country of illegal crypto exchanges and the problems they cause. In 2023, Kazakhstan shocked the crypto world when it blocked access to Coinbase , one of the biggest crypto exchanges. Authorities said Coinbase violated Kazakhstan’s digital asset laws according to Coinpedia news. This action against a giant like Coinbase sent a clear message: Kazakhstan is serious about regulating the crypto space. Last year in 2024, Kazakhstan stepped up its efforts even more. It closed 36 illegal crypto exchanges that were dealing with over $113 million in transactions. The authorities also froze assets worth 4.8 million USDT, which is a popular stablecoin. During this operation, officials uncovered two crypto pyramid schemes and returned over 500,000 USDT to the victims. New Rules for Crypto Transactions Kazakhstan is not just targeting illegal platforms. The government is also working on new laws to make sure crypto transactions follow the rules. They are focusing on stopping money laundering and other crimes linked to digital assets. The government is also working with international partners to enhance the country’s ability to track and regulate digital asset transactions. Opening Doors to Legal Crypto Exchanges While the country is cracking down on illegal platforms, Kazakhstan is also welcoming regulated crypto exchanges. In 2023, Bybit and Binance both received full licenses from Kazakhstan’s Astana Financial Services Authority (AFSA). This move shows Kazakhstan’s intention to create a safe and regulated space for crypto businesses. Kazakhstan’s Future Digital Currency Kazakhstan’s central bank is also exploring the possibility of creating a digital version of its national currency, called the digital tenge. This is part of the country’s push to stay ahead in the world of digital currencies. Kazakhstan’s actions show that it’s serious about regulating the crypto market while also embracing new technologies.
The nearing Trump administration introduces a wave of speculation and anticipation around crypto regulations, impacting Bitcoin’s fluctuating price landscape. As the market braces for a potential influx of over $612
Renowned investor Robert Kiyosaki has recently commented on the dramatic drop in Bitcoin prices, framing it as an opportunity for savvy investors. Kiyosaki’s perspective is rooted in the belief that
Shiba Inu (SHIB) price fell sharply on Wednesday, dropping over 10% in the past 24 hours. The decline broke crucial support levels following a market-wide correction that erased gains from the recent bullish trend. Despite the drop, whales accumulated 1.63 trillion SHIB tokens. Bitcoin also suffered a notable drop, breaking below $96k, impacting market sentiment. Investors now await signs of a potential price rebound amid market uncertainties. Shiba Inu Whales Buy 1.63T SHIB After 10% Price Crash The SHIB price has dropped by 10%, currently at $0.000021, as the broader crypto market faces liquidation pressures. The sudden downturn highlights ongoing volatility, with significant moves by large holders or “whales” contributing to the market dynamics. A notable transaction caught attention on January 7, 2025, as Whale Alert reported a massive transfer of 1.63 trillion SHIB tokens. Valued at $39 million, the SHIB tokens moved from Crypto.com to an unidentified wallet. This activity followed the recent price slump, raising speculation about whale strategies and their impact on SHIB’s price action. Despite the setback, some investors see these whale movements as a potential setup for a price rebound. With the market eyeing recovery, analysts are closely watching Shiba Inu’s performance for signs of stabilization. 1,636,940,000,000 #SHIB (39,038,563 USD) transferred from #CryptoCom to unknown wallet https://t.co/3J9xiNndj3 — Whale Alert (@whale_alert) January 7, 2025 SHIB Technical Analysis Shiba Inu’s price chart reveals the formation of a textbook cup and handle pattern, sparking bullish sentiment among traders. The cup-shaped curve showcases a period of accumulation followed by a smaller consolidation phase, forming the handle Such technical setups often signal a strong bullish breakout, with the meme coin aiming for potential targets at $0.00003287 and $0.00005339. The anticipated breakout offers a substantial upside of 62.53%, based on historical data. The buying zone, ranging from $0.0000161 to $0.0000193, provides a strategic entry point for investors seeking to capitalize on the trend. The SHIB is currently consolidating near $0.00002151, just above this range, indicating a potential for accumulation before a breakout. If the pattern holds, Shiba Inu may experience a steady upward trajectory into mid-2025, supported by strong volume inflows. Shiba Inu Price Targets For January 2025 The Shiba Inu price prediction has sparked significant interest among investors aiming for potential gains in the crypto market. According to technical analysis, the projected movement suggests two critical targets for SHIB. The first target, referred to as the Neckline is set at $0.00003287, representing a potential 103% profit from the buy zone. Beyond that, the second target reaches $0.00005339, offering an impressive 230% gain for those holding through the projected rally. Investors should note the buy zone identified in the chart, marking an optimal entry point before the anticipated bullish breakout. Source- TradingView Shiba Inu price whales have accumulated 1.63 trillion SHIB after a 10% price crash, fueling speculation of a potential price rebound. The current technical setup suggests strong bullish potential, with SHIB targeting gains of up to 230% if the pattern holds. Investors are closely monitoring the price action for opportunities amid ongoing market volatility. The post Shiba Inu Whales Accumulate 1.63 Trillion As SHIB Crashes 10%, Will Price Bounce? appeared first on CoinGape .
While Bitcoin (BTC) and altcoins experienced a sharp decline due to increasing macroeconomic concerns in the US, this decline was also reflected in ETFs. Spot Bitcoin and Ethereum ETFs also experienced major outflows. However, BlackRock saved the day. While other ETFs experienced significant outflows, BlackRock iShares Bitcoin ETF (IBIT) recorded an inflow of over $596 million, ensuring the day closed positively. According to Farside Investors data, Fidelity’s FBTC saw an outflow of $86.3 million, Bitwise’s BITB $13.8 million, Ark’s ARKB $212.6 million, Franklin Templeton’s EZBC $5.6 million, and Grayscale’s GBTC $125.4 million. Invesco's BTCO, Valkyrie's BRRR, VanEck's HODL and WisdomTree's BTCW recorded 0 inflows. On the other hand, BlackRock's iShares Bitcoin ETF (IBIT) recorded an inflow of $596.1 million, allowing BTC ETFs to close with a total inflow of $52.4 million. 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-01-07 TOTAL NET FLOW: 52.4 IBIT: 596.1 FBTC: -86.3 BITB: -113.8 ARKB: -212.6 BTCO: 0 EZBC: -5.6 BRRR: 0 HODL: 0 BTCW: 0 GBTC: -125.4 BTC: 0 For all the data & disclaimers visit: https://t.co/Wg6Qpn0Pqw — Farside Investors (@FarsideUK) January 8, 2025 There Has Been No Login in Ethereum! In the decline, the largest altcoin, Ethereum (ETH), also fell by 9.4% in the last 24 hours and the price fell below $ 3,400. This drop in price was also negatively reflected in spot Ethereum ETF inflows, and there was an outflow of $ 86.8 million yesterday. According to Farside Investors data, no ETH ETF experienced inflows, while BlackRock's ETHA, Bitwise's ETHW, 21 Shares' CETH, VanEck's ETHV, Invesco's QETH and Franklin Templeton's EZET recorded 0 inflows. Fidelity’s FETH saw an outflow of $67.6 million, Grayscale’s ETHE saw an outflow of $8 million, and Grayscale’s ETH saw an outflow of $11.2 million. *This is not investment advice. Continue Reading: Bitcoin (BTC) Is Down! But BlackRock Saved the Day!
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
The post Why Bitcoin Is Down Today? Exploring the Economic Impact on the Crypto Market Crash appeared first on Coinpedia Fintech News Bitcoin’s price took a significant hit and dived to the $96K level, marking its biggest selloff of 2025 so far, and altcoins followed suit. But amidst this downturn, major buyers are stepping in to scoop up the dip. If you’re wondering why this is happening, you’re not alone — many are confused by the market movement, but the Altcoin Daily analyst has analyzed the current market scenario. The market is in a state of panic with Trump’s inauguration and FOMC meeting the month of January will be a catastrophic month for altcoins. There is fear that Trump’s biggest plan to create the Bitcoin reserve plan and pass crypto regulations will be delayed is the reason behind the recent crashes. The Real Reason Behind the Selloff The crypto market is feeling the heat due to new U.S. economic data. While the economy shows strength, it’s not all rosy for risk assets like Bitcoin. The Federal Reserve is actively working to control inflation, and recent job openings data — the highest since June 2024 — has contributed to a spike in U.S. 10-year Treasury yields. This suggests that the Fed might not be cutting rates as expected, which has caused the crypto market to dip. The Trump Effect? Not Quite Amid the selloff, some are blaming Donald Trump, citing concerns that he’s changing away from his pro-crypto stance. However, the analyst argues that this isn’t the case. Trump’s appointments are promising for the crypto space, with individuals who support digital assets and innovation. There’s optimism that Trump could make the U.S. a global leader in crypto regulation, even surpassing places like Dubai and Singapore. Big Predictions for Bitcoin’s Future Despite the current dip, the market is bullish about raising ETF inflow there is a bright future for Bitcoin. The channel believes Bitcoin could soar well beyond $100,000 in 2025, possibly even reaching $200,000. While some analysts predict a more conservative top of $125K to $150K, there’s a risk that many will sell too early, missing out on the long-term gains. Wall Street is also getting more involved in Bitcoin, and many altcoins are poised for big growth in the coming years. With the changing political scenario, the market is poised for significant growth in 2025. With major players buying the dip and a long-term bullish outlook, now might be the perfect time to hold onto your assets. Stick with it, as 2025 could be the year for massive crypto gains.
Famous Bitcoin supporter Kiyosaki celebrates BTC’s 6.55% overnight plunge
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Bitcoin's price declined significantly due to strong U.S. economic data. Continue Reading: Bitcoin Plummets as Strong U.S. Economic Data Shifts Market Dynamics The post Bitcoin Plummets as Strong U.S. Economic Data Shifts Market Dynamics appeared first on COINTURK NEWS .