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Cryptocurrency: Top 3 Coins To Watch This Weekend – Watcher Guru

The cryptocurrency market has witnessed a significant correction over the last few days, with Bitcoin (BTC) falling below $62,000. The global market cap dipped 2.5% in the previous 24 hours, currently at $2.36 trillion.

However, with BTCs halving just around the corner, lets look at three crypto assets investors should watch this weekend.

Bitcoin (BTC):

Bitcoin (BTC), the original crypto, is expected to undergo its next halving cycle either on the 19th or 20th of this month. Halvings are considered bullish as they reduce the supply of an asset. Historically, the crypto market has always rallied following BTCs halving. A similar pattern might play out this time as well.

According to CoinCodex, the original cryptocurrency could surge to $69,604 on Sunday, Apr. 21, 2024. Hitting $69,604 from current levels would translate to a growth of about 13.06%.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024

Furthermore, CoinCodex predicts BTC to hit a new all-time high of $82,964 on May 15, 2024. Reaching $82,964 from current levels would translate to a growth of about 34.76%.

Shiba Inu (SHIB):

Shiba Inu (SHIB) is another popular cryptocurrency that could surge following BTCs halving. According to CoinCodex, SHIB could surge to $0.00002506 on Sunday, Apr. 21, 2024. Reaching $0.00002506 from current levels would translate to a growth of about 14.85%.

Furthermore, CoinCodex anticipates the dog-themed crypto to hit $0.00007560 on May 16, 2024.

Toncoin (TON):

TON is another cryptocurrency that has witnessed massive gains over the last few weeks. The asset recently hit an all-time high of $7.63 on Apr. 11, 2024. According to CoinCodex, TON will continue to surge over the next few weeks, hitting $19.68 on May 16, 2024.

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How Crypto ATM Scammers Steal Millions – Top Videos and News Stories for the 50+ | AARP – AARP

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How Crypto ATM Scammers Steal Millions

Scammers are banking on your confusion about virtual currency to get you to deposit your money into cryptocurrency ATMs. Once your cash is imported into their crypto wallet, it is almost impossible to get it back. AARP Fraud Expert Amy Nofziger explains how a cryptocurrency ATM scam works and what you should look out for.

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How Crypto ATM Scammers Steal Millions - Top Videos and News Stories for the 50+ | AARP - AARP

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Cryptocurrency Price on April 18: Bitcoin dips below $61.2K; Dogecoin, Solana drop over 7% – The Economic Times

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Cryptocurrency Price on April 18: Bitcoin dips below $61.2K; Dogecoin, Solana drop over 7% - The Economic Times

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Crypto Takes Flight: Monarch Air Group Sees 32% Rise in Cryptocurrency Transactions Year-Over-Year – AccessWire

Premiere private jet charter provider, Monarch Air Group, sees a 32% rise in cryptocurrency transactions this year to date. The company attributes the growth to both the increase in value of cryptocurrency along with the downward movement of private jet charter rates.

FORT LAUDERDALE, FL / ACCESSWIRE / April 18, 2024 / Monarch Air Group, a key player in the private charter aviation industry, has been accepting cryptocurrency as a form of payment since 2017. This forward-thinking approach has positioned the company as a leader in the industry, servicing private jet clients both within the United States and internationally.

Reporting a 32% rise in cryptocurrency transactions this year to date, CEO David Gitman attributes the increase in these transactions to the escalating value of cryptocurrencies and the downward movement of private charter prices. Combining these factors provides an overall higher value to the customer, leading to a 32% year-over-year growth.

Additionally, Monarch Air Group's innovative Online Quoting Tool simplifies the booking process by offering personalized quotes instantaneously. By utilizing this technology, customers can browse available charters in real time and make selections based on various factors, such as price, aircraft amenities, type and model, age, cabin size, location and dates, passenger count, and other preferences. You can easily pay with Bitcoin for a private jet charter or with any other popular cryptocurrency.

The integration of Monarch's Online Quoting Tool supports the growing trend of digitalization in luxury travel services, offering customers easy access to private jet charter rates while maintaining a high level of personal service. The application follows Monarch's 2017 decision to accept cryptocurrency as payment to help enhance and streamline the booking process.

For real-time pricing and immediate bookings, customers can access Monarch Air Group's online quoting tool at https://monarchairgroup.com/private-jet-charter-flights-cost-calculator.

About Monarch Air Group

Monarch Air Group is a leading private jet provider based in Fort Lauderdale, FL. The company specializes in providing personalized and luxurious air travel solutions to a discerning clientele. With a commitment to excellence, attention to detail, and unwavering dedication to customer satisfaction, Monarch Air Group is the preferred choice for private charter flights.

Monarchairgroup.com Instagram: @monarchairgroup Facebook: https://www.facebook.com/monarchairgroup TikTok: @monarch.air.group X: @monarchairgroup

Contact Information

Mackenzie Smith Director, PR & Marketing [emailprotected] 7723218785

SOURCE: Monarch Air Group

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Crypto Takes Flight: Monarch Air Group Sees 32% Rise in Cryptocurrency Transactions Year-Over-Year - AccessWire

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72 arrested, HK$228 million in assets frozen in Hong Kong JPEX crypto scandal – South China Morning Post

Police Commissioner Raymond Siu Chak-yee updated the legislature with the forces latest progress in the investigation on Thursday, saying the number of arrests related to the case had shot up to 72 and about HK$228 million had been frozen.

The force has received 2,636 reports with regard to the case as of today, and the amount involved is about HK$1.6 billion, he said.

Among those previously arrested were social media influencers who had appeared in adverts for the trading platform and set up their own over-the-counter shops. They included Chan Wing-yee, Joseph Lam Chok and Sheena Leung.

In his reply to lawmaker Johnny Ng Kit-chong who had been following the issue, Siu also said the force recorded 6,330 investment scams both offline and online last year, with more than HK$5.93 billion lost. Among them, 2,342 cases were related to cryptocurrency and involved about HK$3.16 billion.

Separately, the meeting also touched on the governments proposed amendments to the Fire Safety (Buildings) Ordinance, which came under public scrutiny following the fatal blaze at New Lucky House in Yau Ma Tei.

Authorities are seeking to increase the penalty for non-compliance with fire-safety orders from a maximum of HK$50,000 to HK$200,000.

The amendments also seek further fines for every day the offences continued, ranging from HK$5,000 to HK$20,000.

Hong Kong JPEX cryptocurrency scandal exposes regulatory loopholes: victims

Security minister Chris Tang Ping-keung said the government would expedite the legislative process by tabling the amendments in the second quarter of this year instead of the fourth following the recent fire.

The blaze at the mixed-use 60-year-old building in Yau Ma Tei filled with guest houses and subdivided flats killed five people and injured 43 last Wednesday.

The fire-stricken block was one of 9,578 buildings that had failed to comply with fire safety notices as of last December. It also had failed to follow a compulsory building inspection order for six years.

Lawmakers at Thursdays meeting grilled authorities on whether they would consider adding a jail term as one of the penalties for non-compliance with the Fire Safety (Buildings) Ordinance.

Deadly Hong Kong blaze prompts switch of fire safety focus to high-risk sites

But Tang said that it would be difficult for the government to consider imprisonment as a punishment for not following fire safety instructions as it would mostly be a collective responsibility, rather than guilt falling on a single person.

For instance, not fixing the fireproof door, not placing a fire hose, there being obstructions in a passageway it is very hard to find a personal responsibility here, he said.

As it is not a personal responsibility, it is easier to issue a fine. If they cant find a person who is responsible, how do you determine who goes to jail? This is the difficulty here.

The security minister also noted that buildings that did not follow fire safety instructions did not mean they were unsafe for residents, but rather they had not reached current standards.

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72 arrested, HK$228 million in assets frozen in Hong Kong JPEX crypto scandal - South China Morning Post

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Bitcoin halving on deck here’s what to expect (Cryptocurrency:BTC-USD) – Seeking Alpha

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Bitcoin (BTC-USD) is a little ways away from undergoing a once-every-four-years software update in the blockchain that has historically been hyped as a positive catalyst for the highest-profile cryptocurrency.

The quadrennial halving event, due as soon as Friday, occurs when bitcoin (BTC-USD) miners reward for validating transactions is slashed in half, essentially reducing the rate at which new tokens are created by 50%. As such, the technical event reduces the supply of new bitcoins entering the market, a move that could drive up the coins price should demand remain constant or rise.

And, given the fixed supply of 21M bitcoins (BTC-USD), the halving event reinforces scarcity by reducing the rate at which new BTCs are introduced into circulation.

If history serves as a guide (that is, the halving has preceded big price gains), the event could boost the price of bitcoin (BTC-USD) to more than $115K, crypto tax-reporting firm CoinLedger said in a study last month. Since there have only been three halvings so far, it should be taken with a grain of salt that bitcoin (BTC-USD) tends to rise after the event. SA analyst Florian Grummes had warned that BTC typically weakens for about 15 to 45 days immediately before and after the halving.

Bitcoin (BTC-USD) had already reached a record high of $73.8K in mid-March, as the green light for spot bitcoin exchange-traded funds (ETFs) has spurred strong and persistent demand for the token. Now, volatility has spiraled amid the countdown to the halving (as well as jitters about higher-for-longer interest rates), with bitcoin dropping some 17% since hitting its record.

H.C. Wainwright analyst Mike Colonnese is in the camp that the halving will prove to be a positive development for the price of bitcoin (BTC-USD). But the supply shock impact could take months to materialize, and we are now cautious on BTC prices over the short term given geopolitical issues in the Middle East and re-accelerating inflation.

He wouldnt be surprised to see BTC retreat to the low-to-mid $50K range over the near-term, before rebounding and resuming its longer-term bull run. Should that come to fruition, he added, there could be some short-term pressure on mining stocks (MARA) (RIOT) (HUT)(HIVE)(BTBT)(BITF) if we were to see such drawdown in BTC prices.

Note that miners profitability generally suffers after a halving as their miner reward gets cut in half. This fourth halving will lower the reward to 3.125 BTC from the current 6.25. The overall halving process is expected to end in 2140, when the number of bitcoins (BTC-USD) in circulation are expected to reach its programmed cap of 21M. There are currently about 19.7M BTC in circulation.

Still, publicly-traded miners are well positioned to take advantage of the new environment, mainly due to greater access to funding and in particular financing, J.P. Morgan analyst Nikolaos Panigirtzoglou wrote in a Thursday note. This helps them to scale their operations and invest into more efficient equipment.

Deutsche Banks Marion Laboure argued that bitcoins (BTC-USD) price likely wont see a significant increase post-halving, as the event is already partially priced in by the market. The analyst does expect prices to stay high, though, amid expectations of spot ether (ETH-USD) ETF approvals, central bank policy easing and regulatory changes.

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Bitcoin halving on deck here's what to expect (Cryptocurrency:BTC-USD) - Seeking Alpha

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