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SOAI Announces a Secure MSB License from FinCEN, Setting New Standards in the Global Cryptocurrency Industry – AccessWire

NEW YORK, NY / ACCESSWIRE / April 18, 2024 / SOAI (SoAI Co., Ltd), a leading platform, has announced that it has received a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN).

(MSB Inquiry URL: https://www.fincen.gov/msb-state-selector. Enter the license number 31000268620477 to search the official system.)

To address the latest approach, SOAI marks a significant milestone with an announcement that it has received a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN). This news has drawn widespread attention in the global cryptocurrency industry, marking further international recognition of SOAI's compliance and professionalism.

The platform achieved an MSB license, issued and regulated by the United States Department of the Treasury, which is essential for businesses involved in financial services, covering activities related to cryptocurrencies, digital assets, ICOs, foreign exchange, international remittances, and more. SOAI gains the trust of global investors through regulatory compliance and supports its global operations strategy by obtaining an MSB license.

Including more, SOAI, based in Silicon Valley, focuses on leveraging AI to revolutionize human social interactions, emphasizing compliance and globalization. It enhances credibility through regulatory transparency and fosters partnerships with platforms like Google Play and Apple Store. SOAI also uses blockchain technology to deploy smart contracts, ensuring users' privacy is robustly protected.

With the MSB license, SOAI stands as a testament to regulatory compliance within the cryptocurrency sector. This achievement contributes to the overall legitimacy and acceptance of cryptocurrencies on a global scale. The platform employs cutting-edge encryption technologies and security protocols to secure users' funds and confidential information. With its unwavering dedication and commitment, the platform remains vigilant in its efforts to reduce risks and protect users from security breaches.

Furthermore, SOAI's mission is to create a safe, transparent, regulated, and trustworthy environment that is sustainable for cryptocurrency trading. SOAI will revolutionize the integration of artificial intelligence and emotional interaction, paving the way for a new era.

SOAI ((SoAI Co., Ltd):

SOAI ((SoAI Co., Ltd), a top-tier platform, represents a significant milestone in artificial intelligence technology. It will become an invaluable resource for research and teaching, offering students engaging and interactive learning experiences. The platform provides robust technical support for entrepreneurial ventures.

Additionally, the hot presale of SOAI tokens is about to start. Follow @SOAI_web3 on Twitter to stay updated on this rising star!

CONTACT:

Project official website: https://www.soai.org/ Project official Twitter: https://twitter.com/SOAI_web3 Email: [emailprotected] Contact person: Ellison Blake

SOURCE: SOAI

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SOAI Announces a Secure MSB License from FinCEN, Setting New Standards in the Global Cryptocurrency Industry - AccessWire

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Bitcoin drops below $60,000 before the big ‘halving’ event – Quartz

Bitcoin is getting jittery before the big halving event scheduled for Friday. The top cryptocurrency fell to $59,900 on Wednesday for the first time since early March, almost 17% below its all-time high.

TSMC beat on Q2 expectations driven by AI boom, Nvidia, and Apple

Many of the other major cryptocurrencies also dropped Wednesday, including the second-largest, Ether, which has gone below $3,000, according to crypto tracking website CoinMarketCap.

The Bitcoin halving is due on April 19, cutting the current mining rate to 3.125 Bitcoin from 6.25 Bitcoin. Halving is an integral part of the Bitcoin blockchain system, which creates a monetary system that controls inflation. While this major event has been projected to possibly increase Bitcoins price in the long term, Bitcoins price has been increasingly volatile recently and will likely continue to be going into the halving.

There has been a lot of discussion about this years Bitcoin halving being different from all the previous such events. The cryptocurrencys price reached its peak a month before the halving event, which has never happened before.

Sam Callahan, a senior analyst at Swan Bitcoin, a Bitcoin financial services firm, says Bitcoin is currently in a consolidation phase. The recent volatility is likely a result of short-term traders placing bets on the outcome of the highly anticipated halving event, Callahan said in an email.

If an investor chooses to own Bitcoin, short-term volatility should be expected, but if they zoom out, Bitcoins long-term trend remains clear.

Bitcoin halving has historically boosted the price of the cryptocurrency.

For instance, after the first Bitcoin halving in 2012, the price was $12. It went up to $44 100 days after the event and $135 after 300 days.

Similarly, after the 2016 halving event, the cryptocurrency went from $658 to $1,551 in 300 days.

And in the most recent halving of 2020, the price of $8,601 went to $50,941 within 300 days.

Read more: The big Bitcoin halving event is almost here. Weve got answers to all your questions

CoinDesk reports that Goldman Sachs warns caution due to unpredictable macroeconomic factors regarding Bitcoins upcoming halving.

Historically, the previous three halvings have been accompanied by BTC price appreciation after the halving, although the time it took to reach the all-time highs differs significantly, said Goldmans Fixed Income, Currencies and Commodities (FICC) and Equities team per CoinDesk. Caution should be taken against extrapolating the past cycles and the impact of halving, given the respective prevailing macro conditions.

In the midst of investor nervousness as well as Bitcoins volatility, Rennick Palley, a Founding Partner at Stratos, a crypto venture capital firm, remains optimistic about Bitcoins long-term performance.

There are two headwinds for Bitcoin in the short term, the volatile pre-halving period as well as prior all-time highs, which typically take 2 to 3 attempts to definitively breach, he said in an email.

However we expect bitcoin to break through this by mid summer and continue towards 150k plus by 2025.

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Bitcoin drops below $60,000 before the big 'halving' event - Quartz

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M20 Chain and MCoin: Pioneering the Future of Cryptocurrency – NewsBTC

In the rapidly evolving world of digital finance, M20 Chain stands out as a beacon of innovation. This pioneering blockchain platform is not just keeping pace with the times; its setting the pace, redefining how we think about transactions, assets, and the very fabric of economic exchange with its native cryptocurrency, MCoin.

M20 Chain emerges as a robust Web3 ecosystem that seamlessly integrates blockchain technology into everyday life. This platform isnt just another blockchain solution; its a comprehensive approach designed to enhance the utility, accessibility, and efficiency of digital transactions globally. With a strong emphasis on decentralization, transparency, and security, M20 Chain is forging a path toward a decentralized financial future that empowers users and developers alike.

At the heart of this innovative platform is MCoin, M20 Chains native token. MCoin is more than just a digital currency; it is the cornerstone of the M20 ecosystem, facilitating not only transactions but also serving as a vital element in maintaining and operating the network. Users can employ MCoin for a variety of functions, such as payment processing, executing smart contracts, and participating in governance through voting on protocol changesa testament to the tokens integral role in the platforms operations.

MCoin is listed on several top-tier cryptocurrency exchanges, including LBank, MEXC, and Coinstore, ensuring it is accessible to a global audience. This widespread availability supports MCoins potential for increased adoption and integration into the broader ecosystem of digital finance. Notably, MCoins community is particularly strong in Asia and Europe and continues to expand globally, reflecting its growing relevance and adoption in the international markets.

Security is paramount in the digital currency world, and M20 Chain excels in this area. The platform is fortified with advanced encryption technologies and a rigorous security protocol that includes regular audits and updates. Significantly, M20 Chain has undergone a comprehensive Certik audit, affirming its security measures and bolstering user confidence. Additionally, M20 Chain has demonstrated exceptional scalability, capable of handling increasing loads through its innovative design and architecture, ensuring that it can grow without compromising speed or user experience.

As M20 Chain continues to evolve and expand, it remains dedicated to its mission of making blockchain technology accessible and beneficial for a wide range of applications. From individual users seeking a secure space to perform transactions to developers creating the next generation of decentralized applications, M20 Chain provides a solid foundation for a future where blockchain technology is an integral part of our digital lives.

The future of blockchain looks bright with M20 Chain and MCoin. As more people and enterprises recognize the potential of this powerful technology, M20 Chain is poised to lead the way, making digital transactions more secure, efficient, and accessible to everyone, everywhere.

Whether you are a seasoned investor, a blockchain enthusiast, or simply curious about the future of technology, keeping an eye on M20 Chain and its developments with MCoin might give you a glimpse into the future of finance and technology. Join the revolution and be part of a community that is shaping the world of tomorrow, today.

https://m.lbank.com/trade/mcoin_usdt

https://www.mexc.com/exchange/MCOIN_USDT

https://m20chain.com

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Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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M20 Chain and MCoin: Pioneering the Future of Cryptocurrency - NewsBTC

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US DOJ: Man Convicted For $110 Mln Scheme In Dept’s First Cryptocurrency Open-Market Manipulation Case – XM

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Reuters

Apr 18, 2024 at 7:16 pm GMT

April 18 (Reuters) -

Source text : https://tinyurl.com/yc39vmpf

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US DOJ: Man Convicted For $110 Mln Scheme In Dept's First Cryptocurrency Open-Market Manipulation Case - XM

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Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week – Watcher Guru

The cryptocurrency market underwent a correction over the weekend, with the global market cap falling to $2.48 trillion. The price dip could be due to Irans attack on Israel, which has impacted global economics. Furthermore, rising inflation in the US has also led to investors becoming weary of risky assets, such as crypto.

However, with Bitcoins (BTC) halving just around the corner, we may witness a rebound in the crypto markets.

Bitcoin (BTC):

BTC has faced a 4.9% correction in the weekly charts, with prices falling to around $66.4k. However, with the asset undergoing its next halving cycle later this month, we may witness a sudden rally.

Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits

According to CoinCodex, BTC will hit a new all-time high of $74,621 on Apr. 20, 2024. Reaching $74,621 from current levels would translate to a growth of about 12.31%.

Furthermore, CoinCodex predicts BTC to continue surging over the next few weeks. The platform anticipates the cryptocurrency to hit $85,986 by mid-May 2024. Reaching $85,986 from current levels would translate to a growth of about 29.4%.

Toncoin (TON):

TON is one of the best-performing cryptocurrencies right now. The asset is up by 10.2% in the daily charts, 28.2% in the weekly charts, 34.5% in the 14-day charts, and 85.6% over the previous month. TONs recent surge could be due to positive ecosystem developments within the project. The asset recently overtook Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.

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

Although TON recently hit an all-time high of $7.63 on Apr. 11, CoinCodex anticipates the asset to hit a new high this week. The platform predicts TON to hit $7.94 on Apr. 18, 2024. Furthermore, CoinCodex expects TOn to continue surging over the next few weeks, hitting $23.86 on May 13, 2024.

dogwifhat (WIF):

WIF is another cryptocurrency that is expected to hit an all-time high soon. The asset recently hit a new high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could hit a new high next week. According to the platform, WIF could surge to $4.87 on Apr. 28, 2024.

Furthermore, CoinCodex anticipates the cryptocurrency to continue surging over the next few weeks, hitting $10.29 on May 13, 2024.

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Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week - Watcher Guru

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Will bitcoin continue its surge in 2024? (Cryptocurrency:BTC-USD) – Seeking Alpha

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2024 might be the year bitcoin (BTC-USD) sees new all-time highs thanks to two key catalysts: potential spot exchange-traded fund approval and the halving event.

With the earliest deadline for the U.S. Securities and Exchange Commission to greenlight a spot bitcoin (BTC-USD) ETF just one week away, investors appear to be jumping on the FOMO (fear of missing out) train.

To be sure, the highest-profile crypto (BTC-USD) topped $45K early in Tuesday's session for the first time in almost two years, spurring a rally in crypto-linked stocks. BTC, up some 160% in 2023, changed hands at $44.9K at the time of writing.

"With current prices now sitting above $40K and being almost 3 years removed from the last bull market, Bitcoin is in a prime position to appreciate and I would imagine many institutional investors will be buying their stake in the Bitcoin network relatively soon," said crypto expert Brandon Zemp, citing the likely spot ETF approval in early January and the halving event in April.

Note that in each of the last three halvings, which occurs once every four years, the price of bitcoin (BTC-USD) hit records.

That's not to say the coin doesn't face risks. One of BTC's biggest, looming headwinds is the unfriendly regulatory environment, but that didn't seem to bother the token last year.

"Though the crypto space continues to wade through an unfriendly regulatory situation with several after-the-fact actions from SEC on the heels of missing Terra/LUNA, Celsius, Voyager, and of course FTX, BTC has been undeterred this year in its strong ascent higher," Seeking Alpha Analyst Jason Appel said in his bitcoin outlook.

James Foord, Investing Group Leader of 'The Pragmatic Investor,' is bullish on bitcoin (BTC-USD), though he reckons investors already may have priced in the expected price appreciation from the upcoming halving event.

"With everyone expecting a halving rally, it's possible that the market may not behave as expected, and the final Bitcoin price target could be lower than anticipated," he wrote in mid-December.

Foord laid out another risk: "since Bitcoin is so tied to liquidity, I don't think it will be immune to a deflationary recession, something which is becoming more likely in the past few months and could hit in 2024."

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Will bitcoin continue its surge in 2024? (Cryptocurrency:BTC-USD) - Seeking Alpha

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