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

Posted: April 19, 2024 at 2:46 am

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

View the original press release on newswire.com.

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

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

Posted: April 19, 2024 at 2:45 am

JuSun

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

Recommendation and review posted by G. Smith

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

Posted: April 19, 2024 at 2:45 am

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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Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill – PYMNTS.com

Posted: April 19, 2024 at 2:45 am

Proposed rules for marijuana banking and cryptocurrency regulation may be combined into a single bill.

The legislation has not been finalized, but there have been talks in the U.S. Congress about combining a cannabis bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, and a stablecoin measure, Marijuana MomentreportedSunday (April 14).

Senate Majority Leader Chuck Schumer (D-NY) has said that he aims to pass legislation to safeguard cannabis banking and achieve that in the weeks and months ahead, according to the report.

The SAFER Banking Bill has been awaiting action by the Senate since being passed by the Senate Committee on Banking, Housing and Urban Affairs in September 2023, Seeking AlphareportedMonday (April 15).

The bill could impact a number of multistate operators and cannabis exchange-traded funds (ETFs), according to the report.

It was reported April 1 that while more than half of all Americans live in a state that has legalized marijuana, banks wont work withcannabis sellersbecause the drug is still illegal under federal law.

As a result, legitimate cannabis businesses still find themselves wondering what to do with all their cash, as it is nearly impossible for them to accept payments in anything other than cash.

While the U.S. House has passed a bipartisan bill that would make it easier for cannabis companies to find banking services, the Senate has never voted on its version. However, that vote could come this year.

Some saw a possible opening of the door to more cohesive payments systems in the sector in August 2023, when U.S. health officials recommended easingrestrictions on cannabisand reclassifying it as a Schedule III drug under the Controlled Substances Act.

Currently, cannabis is classified as a Schedule I substance, which implies a high risk of abuse and no accepted medical use. If cannabis were to be reclassified as a Schedule III drug, it would be seen as less dangerous and could be obtained legally with a prescription.

As an indicator of the size of potential business payments, the business-to-business (B2B) cannabis platform LeafLinkreported that it passed the $1 billion transaction mark in September 2022 with its payment solutions and expected more growth.

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Marijuana Banking, Cryptocurrency Regulation May Be Combined Into Single Bill - PYMNTS.com

Recommendation and review posted by G. Smith

Today’s cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana – NewsBytes

Posted: April 19, 2024 at 2:45 am

Next Article

What's the story

Bitcoin has climbed 1.13% over the last 24 hours, trading at $62,486.64. It is 11.99% lower than the previous week. Ethereum, the second most popular token, is down 0.65% from yesterday and now trades at $3,003.89. It is down 15.22% from last week. The market capitalization of Bitcoin and Ethereum is now at $1,204.02 billion and $361.86 billion, respectively.

BNB is trading at $546.02, which is 0.94% lower than yesterday and 11.84% down since last week. The current price of XRP is $0.44, down 1.28% in the last 24 hours. It is 19.79% lower compared to last week. Cardano and Dogecoin are trading at $0.44 (down 0.67%) and $0.11 (down 0.14%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $139.4 (up 3.35%), $6.58 (down 1.1%), $0.000022 (down 0.22%), and $0.66 (down 2.82%), respectively. Based on the weekly chart, Solana has slipped 20.04%, while Polka Dot has declined by 22.37%. In the past week, Shiba Inu's value has decreased by 20.6%, whereas Polygon has lost 26.7%.

Based on the 24 hourly movement, the top gainers are Toncoin, Neo, Gala, Jupiter, and Immutable. They are trading at $6.99 (up 14.81%), $18.94 (up 11.67%), $0.044 (up 8.26%), $1.02 (up 6.26%), and $2.02 (up 5.53%), respectively.

A stablecoin is a cryptocurrency with extremely low volatility. Its value is pegged to a real-world asset such as fiat currency or gold. Talking about some of the prominent tokens, Tether and USD Coin are trading at $1 (up 0.01%) and $1 (down 0%), respectively.

The biggest losers of the day are Core, Maker, Nervos Network, Ondo, and Chiliz. They are trading at $1.95 (down 8.30%), $2,964.12 (down 8.10%), $0.011 (down 6.58%), $0.77 (down 5.04%), and $0.11 (down 5.03%), respectively.

DeFi, short for decentralized finance, refers to all global, peer-to-peer financial services on public blockchains. Some of the prominent DeFi tokens are Avalanche, Chainlink, Internet Computer, Dai, and Uniswap. They are trading at $34.26 (down 0.65%), $13.50 (up 1.35%), $12.70 (up 4.29%), $1 (up 0.03%), and $7.21 (up 1.46%), respectively.

Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, which means they cannot be exchanged for one another like other tokens. Internet Computer, Stacks, Render, Immutable, and Theta Network are among the prominent NFT tokens. They are currently trading at $12.68 (up 4.37%), $2.36 (up 2.01%), $7.68 (down 1.79%), $2.02 (up 5.51%), and $2.02 (down 0.02%), respectively.

The current global crypto market cap is $2.31 trillion, a 3.33% increase over the last day. The total crypto market volume over the last 24 hours is $85.38 billion, which marks a 12.0% increase. Last month, the global crypto market valuation was $2.54 trillion, while the total capitalization stood at $1.63 trillion three months ago.

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Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana - NewsBytes

Recommendation and review posted by G. Smith

Cryptocurrency: 3 Coins That Could 2X Post Bitcoin Halving – Watcher Guru

Posted: April 19, 2024 at 2:45 am

As the highly anticipated Bitcoin halving event approaches, the cryptocurrency market is abuzz with speculation about which coins could potentially double in value in the aftermath.

While Bitcoin is expected to experience significant price movements, several altcoins are also garnering attention for their potential to deliver substantial gains.

In this article, we will explore three coins that could potentially 2X post-Bitcoin halving: Solana (SOL), Shiba Inu (SHIB), and Dogwifhat (WIF).

Also read: Can Ethereum (ETH) Hit All-Time High After Bitcoin Halving?

Solana is a high-performance blockchain platform with impressive technical capabilities and a growing ecosystem. Currently trading at $139.28, SOL has experienced a 2.86% increase in the past 24 hours. Over the last month, Solana has seen a low of $119.83 and a high of $209.70, demonstrating its potential for significant price movements.

As the Bitcoin halving event draws near, many experts believe that Solana could benefit from the increased attention and investment flowing into the cryptocurrency market.

Also read: Can Solana (SOL) Hit $200 After Bitcoin Halving?

Shiba Inu, the meme-inspired cryptocurrency that has captured the hearts of many investors, is another coin that could potentially see significant gains post-Bitcoin halving.

Currently trading at $0.00002259, SHIB has experienced a 4.66% increase in the past 24 hours. Over the last month, Shiba Inu has seen a low of $0.00001853 and a high of $0.00003272, highlighting its potential for volatility and substantial price movements.

With a loyal and enthusiastic community behind it, Shiba Inu has demonstrated its ability to generate hype and attract investors. As the Bitcoin halving event brings increased attention to the cryptocurrency market, SHIB could benefit from the renewed interest in altcoins.

Also read: Shiba Inu (SHIB) & Dogecoin (DOGE) Price Prediction This Week

Dogwifhat, a relatively new entrant to the cryptocurrency scene, has been making impressive strides and could potentially deliver significant returns post-Bitcoin halving. Currently trading at $2.67, WIF has experienced a 0.92% increase in the past 24 hours. Over the last month, Dogwifhat has seen a low of $1.96 and a high of $4.85, showcasing its potential for growth.

As the Bitcoin halving event approaches, Dogwifhats unique features and growing community could help it stand out in the crowded cryptocurrency market.

Also read: Cryptocurrency: Whales Scooped Up These Coins Amidst Market Dip

In conclusion, several altcoins, such as Solana, Shiba Inu, and Dogwifhat, are poised for potential gains, despite the anticipated significant impact of the Bitcoin halving event on the cryptocurrency market as a whole.

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Cryptocurrency: 3 Coins That Could 2X Post Bitcoin Halving - Watcher Guru

Recommendation and review posted by G. Smith


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