: Crypto Alert: Altcoins Could Tank, Warns Trader Pentoshi

• Well-known cryptocurrency trader and analyst Pentoshi has tweeted a warning to investors and traders, stating that he is feeling less confident in the market than he was a week ago due to concerns over momentum and tired altcoins.
• Pentoshi’s opinion carries a lot of weight, so his decision to be „less aggressive“ in the market is a sign that he’s taking a more cautious approach to trading.
• This could be a sign that we’re entering a period of consolidation, where prices stabilize after a period of growth. Alternatively, it could mean that the hype around cryptocurrency is starting to die down, which could lead to a decrease in demand.

Pentoshi’s Warning

Well-known cryptocurrency trader and analyst Pentoshi has tweeted a warning to investors and traders, stating that he is feeling less confident in the market than he was a week ago due to concerns over momentum and tired altcoins. Cryptocurrency can be a wild ride, with prices that can soar one day and then plummet the next. So when someone with as much experience in the crypto industry as Pentoshi takes such an action, it carries significant weight.

Cautious Approach

Pentoshi’s decision to be „less aggressive“ in the market means that he will click less than before but also become more careful when trading. This could be beneficial for other traders who need to stay alert and ready for changes within the crypto community. Their actions should reflect what Pentoshi does as this could have an impact on wider market sentiment going forward.

Period of Consolidation?

The current state of the market may indicate that we’re entering into period of consolidation – where prices stabilize after experiencing rapid growth – or alternatively it may signal waning hype around cryptocurrencies leading to decreased demand overall. It is hard to predict exactly what will happen moving forward but following Pentoshi’s words closely could provide some insight into how best respond within this situation.

Impact on Market Sentiment

Pentoshi’s tweet serves as reminder of just how quickly things can change within cryptocurrency markets – particularly when experienced opinions are voiced by those with knowledge on how best respond during these times. His words will undoubtedly have an effect on wider sentiment within this domain going forward so staying alert for further updates from him is essential if attempting remain ahead of potential price movements from hereon out.

Conclusion

Overall, Pentoshi has provided insight into his opinion about current state of affairs within cryptocurrency markets – particularly with regards to altcoins – which should not be overlooked by those attempting make informed decisions about their investments moving forward . Therefore being aware of any new comments from him regarding this topic is highly advised for any individual wishing trade successfully within this space .

CZ Refutes Bloomberg Report: Binance to End US Partnerships, Delist Tokens

• Reports emerged that Binance Global intends to end partnerships with U.S.-based firms and terminate listing tokens linked to U.S.- based projects as regulators cast the net deeper.
• Binance CEO Changpeng Zhao (CZ) refuted these claims, however, stating they were “false”.
• An undisclosed source noted that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department and Internal Revenue Service are on Binance’s radar and the company is looking for possible ways of ending ties with US-based firms.

Bloomberg Report Claims

Reports emerged that Binance Global intends to end partnerships with U.S.-based firms such as banks and terminate listing tokens linked to U.S.-based projects as regulators cast the net deeper.

CZ Refutes Claims

In a quick rejoinder to the news from Bloomberg, Binance CEO, Changpeng Zhao (CZ), has refuted the claims terming them as „false.“

Binance Regulated by US Authorities

An insider noted that Commodity Futures Trading Commission, Internal Revenue Service, Securities and Exchange Commission, Justice Department, and the Internal Revenue Service are on Binance’s radar. The aggressiveness of the U.S. authorities will continue to claim more causality as the intensity increases while causing shake-up in Binance Holders of the largest crypto exchange contemplate repealing relationships with major financial partners in the U.S..

Terminating Ties With US Business Partners

The source said Binance Holdings has no authority to serve U.S. customers but will consider de-listing tokens from any US-based projects including Circle’s stablecoin USD Coin according to an unnamed individual associated with the company who noted that it is looking for possible ways of ending ties with US-based firms, especially banking and service entities such as delisting of tokens such as USD Coin stablecoin is on table“.

Continued Services By BinanceUS

On the other hand, BinanceUS – a smaller exchange – will continue its services in the U

SEC to Vote on Rules to Oversee Crypto Firms as Qualified Custodians

• The US Securities and Exchange Commission (SEC) is proposing new regulations this week that could affect the services crypto firms offer their clients.
• The five-member SEC panel will vote on the proposal on Feb. 15 and if approved, the proposal must be voted officially by the rest of the SEC.
• If the new rule is implemented, hedge funds, private equity firms, and pension funds would have to move their clients‘ holdings elsewhere.

SEC to Vote on New Rule for Crypto Firms

The US Securities and Exchange Commission (SEC) is planning to propose a new rule this week that could affect how crypto firms operate as qualified custodians. A five-member SEC panel will vote on the proposal on February 15th that could make it difficult for these companies to hold digital assets for their clients. If approved, it must then be voted on officially by all members of the SEC before being implemented.

Who Could Be Affected?

This proposed change could make it tougher for hedge funds, private equity firms, and pension funds who use crypto firms to hold their clients‘ assets. It would mean they would have to find alternative means of storing them instead of relying on crypto companies.

Previous Attempts at Regulation

In 2020, an SEC staff said that they were looking into who could become a qualified custodian of crypto assets and asked for feedback from the public before making any official decisions. This latest attempt at regulation aligns with its plans to reduce risks associated with cryptocurrency in order to protect the broader financial system from failure or abuse.

Official Voting Process

If it passes through approval from the five-member panel, then it will be put out for public comment before being finalized by another vote from all members of the SEC. This process has been scheduled for February 14th 2023 at 9:55 am EST so interested parties can submit feedback or questions concerning its implementation until then.

Consequences

If passed into law this rule could have significant consequences on how crypto companies do business as well as those who use them as custodians for their digital asset holdings or trades in general

South Korea Sets Guidelines for Security Token Regulation

• The South Korean financial services commission (FSC) has published guidelines outlining which digital assets will be regulated as securities in the country.
• These regulations support innovation and consumer protection, and will be submitted for assessments during the first half of 2023.
• South Korea has been taking steps to promote blockchain and cryptocurrency usage in their country, such as developing a blockchain-based virtual power plant, creating an internationally consistent crypto regulatory framework, building a decentralized digital commodity market, and launching a virtual currency tracking system to curb money laundering.

South Korean Regulatory Body Gives Security Token Guidelines

The financial services commission (FSC) of South Korea has recently released guidelines that outline which digital assets will be regulated as securities in the country. According to these regulations, all blockchain-based tokens that have inherent characteristics that fit into the country’s capital market act will be treated and regulated as securities. Assets like stablecoins that fall outside this category will operate following upcoming digital asset regulations.

Regulations Support Innovation & Consumer Protection

The FSC stated that security-like financial assets related to cryptocurrencies and other digital assets would be assessed on a case-by-case basis with issuers and brokers such as crypto exchanges held accountable for evaluating them according to the rules. With these new guidelines, not only does it support innovation but also ensures consumer protection. These proposed guidelines are set to go through assessments during early half of 2023 in order for them to go into effect.

South Korea’s Friendly Disposition Towards Crypto

South Korea has had a long history of encouraging cryptocurrency usage within their nation. On December 10th 2018 Yonhap news reported that South Korea was planning on investing four billion Korean won in developing a blockchain based virtual power plant. September 20th 2022 saw the national assembly host policy discussions surrounding ICOs with focus being placed on creating an internationally consistent crypto regulatory framework. Busan announced on January 19th 2023 plans to build out the world’s first decentralized digital commodity market by mid-2023 with products being tokenized and traded via blockchain technology while 29th January saw justice minister Park Sang Ki announce plans launch ‘virtual currency tracking system’ curbing money laundering while increasing recovery of crypto related proceeds from crime activities..

Crypto Regulations Will Be Assessed in Early Half of 2023

The proposed guidelines are set to go through assessments during early half of 2023 in order for them to go into effect. This period is expected allow for intensive promotions alongside institutionalization before any final decisions can be made regarding adoption or rejecting certain aspects of regulation change around cryptocurrencies within South Korea .

Conclusion

It is clear from recent events that South Korea is showing interest towards incorporating cryptocurrencies within its current finance infrastructure by introducing regulations aimed at protecting consumer rights alongside promoting innovation . As such ,the fate of these proposed laws depends on how well they perform when put through necessary tests during early half of 2023 .