Iqtrade-in

IQ Trade - Cryptocurrency Investing & Trading Platform

03/06/2023

International banking is currently possible to have crypto assets but must meet quite strict requirements. Where, if you look in the mirror from international regulations, one of the requirements of the bank can have crypto assets viewing in terms of weighted assets according to risk (ATMR).

This was revealed by Deputy Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mirza Adityaswara to the media in Balikpapan this week. International rules set banks to have crypto assets as long as they have an ATMR of 1,250 percent.

03/03/2023

Head of Crypto Strategy, Nanovest crypto exchange, Muhammad Yusuf Musa is optimistic that the crypto industry in Indonesia will continue to grow. Musa said this growth was driven by the continuing increase in the number of crypto investors or users in Indonesia. According to him, crypto users in Indonesia are predicted to reach 25 million by 2025.

"In terms of crypto regulation in Indonesia, it has also continued to progress from 2019 to the present. Then, with the existence of crypto tax regulations, crypto is increasingly legitimizing and the government is starting to see the potential of crypto assets," said Musa in the Nanovest Media Group Interview event, Thursday (2 /3/2023).

03/02/2023

PT Profit Forexindo Berjangka Director, Ibrahim Asjuangbi predicts that the price of Bitcoin will open fluctuate but strengthen in the range of USD 22,791 or the equivalent of IDR 347.5 million (assuming an exchange rate of IDR 15,249 per US dollar) to USD 23,896 or the equivalent of IDR 364.3 million per coin in trading Wednesday (1/3/2023).

Bitcoin and a number of monitored crypto assets tended to strengthen in Tuesday night's trading, although previously they had weakened due to negative news that had arisen in a few days.

03/01/2023

PT Profit Forexindo Berjangka Director, Ibrahim Asjuangbi predicts that the price of Bitcoin will open fluctuate but strengthen in the range of USD 22,740 or the equivalent of Rp. 346 million (assuming an exchange rate of Rp. 15,216 per US dollar) to USD 24,100 or the equivalent of Rp. 366.7 million per coin on Tuesday's trading ( 28/2/2023).

Ibrahim explained Bitcoin whales, unique entities that own 1,000 Bitcoins or more, are unsure of a recovery in the crypto market.

02/28/2023

Seasoned rapper and Canadian singer Drake lost USD 400,000 or the equivalent of IDR 6.11 billion when he made a bitcoin bet (assuming an exchange rate of IDR 15,275 per US dollar). Drake is betting that YouTuber-turned-boxer Jake Paul will beat Tommy Fury by knockout.

Had Jake Paul won, Drake could have earned $1.44 million worth of bitcoins, but in reality Fury won the battle by split decision. Launch Bitcoin, Monday (27/2/2023), on February 26, 2023, in Diriyah, Saudi Arabia, the winning streak of YouTuber turned boxer Jake Paul was stopped by Tommy Fury, half brother of Mike Tyson.

02/27/2023

The US Securities and Exchange Commission (SEC) is proposing major changes to federal regulations. This rule will expand the repository of assets such as crypto and require companies to obtain or maintain registrations to hold or store those customer assets.

Reporting from CNBC, Sunday (26/2/2023), under the new rules, in order to safeguard any client's assets including crypto an institution must hold a charter, or qualify as a registered broker-dealer, futures commission trader, or be some sort of trust or finance foreign.

02/25/2023

The price of Bitcoin has fallen since Thursday below USD 24,000 or the equivalent of IDR 365 million (assuming an exchange rate of IDR 15,211 per US dollar). On Friday trading, Bitcoin was traded around USD 23,959 or the equivalent of IDR 364.4 million.

The dip in the price of the crypto is as investors are still digesting data from the minutes from the US Federal Reserve's Federal Open Market Committee (FOMC) meeting earlier this month and the latest economic data.

02/24/2023

Most of the Bitcoins in the world are currently inactive or there is no transaction movement. This number of dormant coins has almost reached a new all-time high.

According to blockchain analysis firm Glassnode, the number of Bitcoins that have not moved for at least six months is 14.99 million coins, or a value of around USD 370 billion or the equivalent of IDR 5638 trillion (assuming an exchange rate of IDR 15232 per US dollar) based on current prices.

02/23/2023

Crypto firm Polygon Labs said it had laid off 100 employees, or nearly 20 percent of its positions, as of Tuesday, February 21, 2023. This makes it the latest digital asset company to undertake a wave of layoffs.

Reporting from Channel News Asia, Wednesday (22/2/2023), employees will each receive severance pay for three months, regardless of their level or length of service at the company, said Polygon Labs in a blog post.

02/22/2023

Binance's stablecoin, Binance USD (BUSD) worth nearly USD 3 billion has been removed from the crypto market or the equivalent of IDR 45.4 trillion (assuming an exchange rate of IDR 15,185 per US dollar).
Reporting from Yahoo Finance, Tuesday (21/2/2023), statistics from Glassnode show the current supply of BUSD is 13.43 billion while statistics from coingecko.com show a supply of 13.23 billion.

This drastic drop in value came after Paxos, the company behind the creation of BUSD announced it would no longer mint the stablecoin BUSD, following a case with the US Securities and Exchange Commission (SEC). The SEC refers to BUSD as an unregistered security.

02/21/2023

Norwegian police seized a record 60 million kroner ($5.9 million) in cryptocurrency linked to a heist of roughly $600 million last March that the US authorities say were stolen by the North Korean hacker group Lazarus.

The confiscation of the funds stolen from a blockchain network connected to Axie Infinity, a popular video game, is also among the largest cash seizures made in the Nordic country, Okokrim, Norway’s unit for fighting economic and environmental crimes, said in an emailed statement on Thursday.

02/20/2023

The US Securities and Exchange Commission (SEC) accused crypto entrepreneur and CEO of Terraform Labs, Do Kwon and the companies he founded of committing fraud involving the stablecoin TerraUSD which collapsed in 2022.

The SEC alleged in federal court on Thursday that Terraform Labs and Kwon offered and sold unregistered securities, including stablecoins, and conducted a scheme that erased the market value of at least USD 40 billion or the equivalent. IDR 605.8 trillion (assuming an exchange rate of IDR 15,147 per US dollar).

Address

7442 Suntide Place
Colorado Springs, CO
80919

Telephone

+628960382415

Website

http://www.iqtrade.me/

Alerts

Be the first to know and let us send you an email when Iqtrade-in posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Iqtrade-in:

Shortcuts

Want your business to be the top-listed Finance Company in Colorado Springs?