Trader set goals for bitcoin price growth

.Members of the "United Russia" party will discuss the optimal mechanisms of cryptocurrency market regulation to protect its participants. This was announced by a member of the State Duma Committee on Information Policy, Information Technology and Communications Anton Nemkin.

According to him, the deputies will introduce theirand proposals based on the government-approved concept.

"We have to answer questions about the methodology of valuation of cryptocurrency assets, regulation of cryptocurrency exchanges, responsibility for organizing illegal turnover and violations of the rules of transactionThe digital assets," Nemkin said.

He stressed that the main task for the authorities will be to protect the interests of investors.

"Today, everything that is related to mining and transactions with cryptocurrencies creates risks for citizens: unfortunately, they often become victims of fraudulentThe state must therefore regulate this sphere and protect people. Therefore, the state must regulate this sphere and protect people by providing them with certain legal guarantees," said the deputy.

At the same time, Nemkin added that the regulation should not stop the development of the industry, because "in the field of cryptocurrencies unique proThe country's technological and economic potential can be strengthened with the help of these professionals.

Recall that the Russian government approved the concept of legislative regulation of cryptocurrencies, which provides for strict obligations for all market participants.The Russian Union of Industrialists and Entrepreneurs (RSPP) supports the approach of the government, and the Russian Ministry of Finance in particular, with regard to cryptocurrencies, involving regulation rather than prohibition, although it understands some concerns of the Central Bank regarding the protection of investments and transparency of this market, the head of the business association Alexander Shokhin told reporters Wednesday.
"The details may vary between us, of course, nevertheless - certainly regulate (not prohibit). There are different ways to regulate. It is possible to limit the miningd, or prohibit it, or limit it to energy-abundant territories, as the government actually proposes," he said at the briefing.

According to him, from the very beginning of the discussion, when there was a difference between regulating or prohibiting cryptocurrency, RSPP was "inclined to support the position of the government and the Ministry of Finance. "You prohibit in one place, it will appear in another," Shokhin said, noting that "already the percentage of cryptocurrencies is not less than a third compared to deposits."

"It is clear that there are the right fears of regulators, so that there are no pyramid schemes kaWe understand that the greater the speculative yields, the greater the risks that these pyramids may collapse. We understand that the greater the speculative yield, the greater the risks that these pyramids may collapse," continued the head of RSPP, recalling that with the emergence of deceived depositors in the 1990s, and then the deceived "shareholders" was a "complaint to the government: where were you, why have you launched us into this dangerous river, where, so to speak, the waterfall begins after the turn, we do not know, but do not you - can not see from above?

"So reinsurance of the Central Bank, it is understandable," he said.

"In addition, there is the topic of more traThe main one is the fight against the proceeds of crime: indeed, crypto can also be used to cover money related to terrorism, human trafficking, arms trafficking, and so on. Everyone understands that this has a place, so everyone wants transparency. Well, besides, there is a basic existential theme: money is, generally speaking, the main asset of the state, the emission of money, and if it is a decentralized emission, the state does not control a significant part of this emission, then what kind of state is this," - believes Shokhin.

On the eve of the rulinghe government announced that it had approved the concept of legalization of cryptocurrency circulation in Russia. According to this document, the legislation introduces three new concepts: organizer of digital currency exchange system (banks), digital currency exchange operator (p2p "exchangers" and Russian digital crypto-exchanges) and foreign digital currency exchange. Purchase of cryptocurrencies can be made on a foreign exchange, but the withdrawal of funds in fiat currencies will be possible only through Russian banks with a universal license in compliance with all "anti-money laundering" butм.я.The Russian Association of Cryptocurrencies and Blockchain (RACIB) has sent a letter to the Ministry of Finance with proposals on the taxation of cryptocurrencies and mining companies, Forbes writes. According to RACIB President Yuri Pripachkin, the document reflects "the consolidated position of market participants".

RACIB proposes to charge tax from individuals only at the time of sale of cryptocurrency. Tax on income of physical persons at the rate of 13% would then be paid on raThe difference between purchase and sale, if the price of a bitcoin has risen in the time since its purchase. The tax will have to be paid generally by July 15.

According to the same scheme it is proposed to charge tax from legal entities, individual entrepreneurs and self-employed: deduct the amount spent on buying the cryptocurrency from the amount of income received and then multiply the difference by the income tax rate. Confirm income and expensesRAKIB proposes to tax cryptocurrency transactions with account statements of foreign cryptocurrency exchanges or operators in Russia. Cryptocurrency, which lies on cryptocurrencies, as well as transfers from one wallet to another RAKIB proposes not to impose property tax.

Somewhat differently it is proposed to tax mining enterprises. Their income comes from "mined" cryptocurrency. RACIB proposesThe following scheme is proposed: deduct production costs from the sale of "mined" cryptocurrency: electricity costs, equipment depreciation, maintenance, etc., and tax the difference at the profit tax rate of 20%. It is also proposed to allow miners to apply a simplified taxation system to reduce the tax burden. RACIB suggests that miners should not be taxed on the added value of cryptocurrency issuance.change.

The Ministry of Finance is familiar with the RACIB proposals and they will be considered in working order, the press service of the ministry said.

Earlier, the Russian government supported the concept of regulation of cryptocurrencies, developed by the Ministry of Finance. By February 18, the Ministry of Finance together with the Central Bank, which previously advocated a complete ban on digital currency and mining, should prepare a bill on the regulation of crypto-assets.Legalization of the cryptocurrency market in Russia will not lead to the displacement of the ruble as the unit of account, but will allow people to safely invest in new financial instruments. Anton Gorelkin, deputy chairman of the State Duma Committee on Information Policy, Information Technology and Communications, said this in his Telegram channel.

According to him, the high volatility of major digital currencies is incompatible with the retail market.

"About,cryptocurrency to become a payment instrument is out of the question. It is forbidden to pay with crypto in Russia, and no one is going to cancel the relevant law," Gorelkin wrote.

He believes that regulation will bring the industry out of the shadows and free citizens from the need to "hide from the state in garages" and "engage in illegal connection of farms to power systems.

"If we consider cryptocurrency as a ts.It can be an object for investment, a super-volatile, but highly liquid paper. And we are interested that these investments - and the people who make them - are in a legal framework," the deputy added.

Anton Gorelkin called the concept of regulation developed by the Ministry of Finance "well-thought-out and viable," although he admitted that it is aimed at de-anonymization of market participants.

"The state will understand not tThe Russian cryptocurrency exchanges are not only buyers and sellers, but also those who will service their transactions. Additional difficulties for citizens should not arise: identification is already used by large platforms - but in case of any disputable situations, Russian clients of cryptocurrency exchanges can count on legal support from the state", - he concluded.

Earlier Anton Gorelkin said that the largest NFT-marketplacesThe Russian authorities must open representative offices in the Russian Federation in order to operate legally in the country.

We would remind you that the concept of legislative regulation of cryptocurrencies approved by the government will form the basis of the relevant draft law. It should be prepared by February 18. Nevertheless, the basic document has already received a portion of criticism from the Central Bank, consistently advocating a complete ban of digital currencies in the countries.El Salvador will finish preparing to issue its first $1 billion bitcoin bonds by March 15-20.

The country's Finance Minister Alejandro Zelaya estimates that the oversubscription of the securities will be "at least $500 million." The $100 minimum purchase and no brokerage in the offering will expand the number of potential investors, the official said.

According to an earlier The plan presented, the coupon rate will be 6.5% per annum, and the bonds will mature in 2032. The purchase of the securities will require the passage of KYC procedures.

The offering will be sold on Blockstream's Liquid Network siding.

The Bitfinex Securities tokenized securities trading platform will handle the settlement of the issue. As part of the agreement nIt will also help the government of El Salvador develop a regulatory framework for blockchain-based digital financial instruments.

According to the press release, half of the profits from the bond sale will be used to develop geothermal volcanic energy mining infrastructure. The other 50 percent will be used to buy digital gold for the government'srasta.

The IMF has expressed concerns about the risks associated with bitcoin bonds in El Salvador. The organization has repeatedly called on the state to abandon the first cryptocurrency as a means of payment.

On February 9, Fitch downgraded El Salvador from "B-" to "CCC". As justification, analysts cited the increased dependence on short-term financing in light of the upcoming January 2023 redemption of the $800 million bond issue, as well as the difficulty of extending cooperation with the IMF in 2022-2023.

Recall that in February, the Salvadoran government improved the functionality of the Chivo digital wallet.

Earlier, the president of the country Nayib Bukele called the growth of bitcoin a matter of timeиPhilippine Digital Asset Exchange (PDAX), a Philippine cryptocurrency exchange, raised more than $50 million in a Series B financing round. It was led by American investment company Tiger Global Management.

Participants include Kingsway Capital, Jump Capital, Draper Dragon, Oak Drive Ventures, DG Daiwa Ventures, Ripple and UBX Ventures, the venture capital arm of UnionBank. The platform was also backed by Beenext Ventures and Cadenza Capital Management, who led the seed stage and Series A rounds.

According to PDAX CEO Nichelle Gaba, the funds raised will be used by the exchange to meet the growing cdew in the NFT and Play-To-Earn segments.

According to local publication BitPinas, Filipinos make up half of the more than 2.1 million gamers on the Axie Infinity platform using this concept.

There are several P2P solutions for cashing in on metasBut PDAX expects to fill this gap for residents of the country, the company explained.

The exchange also announced support for the Ronin sidechain, on which the Axie Infinity ecosystem is deployed, and trading in AXS and SLP tokens.

There are several P2P solutions for of cashing out earnings in meta-villages, but PDAX expects to fill that gap for residents of the country, the company explained.

The exchange also announced support for the Ronin sidechain, on which the Axie Infinity ecosystem is deployed, and trading in AXS and SLP tokens.French bank Credit Agricole SA's (PA:CAGR) net profit more than quadrupled to €1.43 billion in October-December, up from €124 million in the previous yearhe logical period of the previous year.
Meanwhile, the figure was better than expected by analysts polled by FactSet, who on average predicted profits at anot 1.26 million euros.

The bank's revenues rose 11% to 5.82 billion euros, compared with 5.25 billion euros in the same period a year earlier, according to a press release from Credit Agricole.

В 2021 year Credit Agricole received a record profit in its history - 9.1 billion euros.

The bank's Tier 1 core capital adequacy ratio at the end of December waswas 11.9%, exceeding its own target of 11%.

Credit Agricole's capitalization jumped 37% in the last 12 months to about 41 billion euros..According to analysts at Bank of America (NYSE:BAC), bitcoin is not a good hedge against inflation because it does not correlate with gold, but its interaction with the stock market suggests that it is increasingly being traded as a risky asset, Business Insider wrote.

According to a new Bank of America report, investors should not consider BTC as a hedge against inflation because it no longer resembles "digital gold," as it did at the beginning of the pandemic. Recall that in March 2020, the correlation between BTC and gold increased sharply as stimulus measuresThe U.S. Federal Reserve's evidence and concerns about inflation boosted demand for bitcoin. But that connection has since all but disappeared, and the correlation is now close to zero, according to bank analysts led by Alkesh Shah.

Now the correlation between BTC and the S&P 500 and Nasdaq 100The digital coin has risen significantly since July 2021 and reached an all-time high at the end of January this year, indicating that the digital coin is trading more as a risky asset than as an inflation hedge.

Compared to other assets, including gold, the fluctuatingThe prices of this cryptocurrency remain extremely high.

Bitcoin experienced huge fluctuations at the end of 2021 and since the beginning of the new year: it fell by more than 50% from its November high of $69 thousand. Today it has partially recovered and is currently worth about $44 100.PayPal (NASDAQ:PYPL) announced the creation of an interdisciplinary advisory council on blockchain, cryptocurrencies and digitalThe company said in a statement that it would support the firm's "current and future products in the industry. The structure should support the firm's "current and future products" in the industry, the company said in a statement.

PayPal noted that cryptocurrencies can provide "enhanced access to financial services" and to provide these opportunities it is important to interact with the "world's best leaders.

PayPal's senior vice president and general manager, JoseFernandez da Ponte.

The company has opened up the possibility of buying/selling BTC and several other cryptocurrencies to U.S. users in 2020.U.S. PepsiCo Inc (NASDAQ:PEP). one of the world's largest soft drink makers, increased revenue 12.4% to $25.25 billion in the fourth quarter of fiscal 2021, ended Dec. 25, up from $22.46 billion in the same quarter the previous fiscal year. The figure exceeded expectations. Experts polled by FactSet, on the average, predicted the proceeds of PepsiCo at the level of $24.24 billion.
The company increasedhe company raised its annual dividend by 7 percent, to $4.6 per share, and announced a new share repurchase program of up to $10 billion, which will run through February 2026.

According to a PepsiCo press release, organic revenue growth was 11.9%.

In North America, Frito-Lay's snack division grew 13% to $6.17 billion in revenue last fiscal quarter, thein beverages, also up 13%, to $7.64 billion, and in Quaker Foods, up 9%, to $912 million.

Revenues in Latin America rose 16% to $2.8 billion and in Europe 8% to $4.35 billion. PepsiCo revenues in the region that includes Africa, the Middle East and South Asia rose 13% to $1.9 billion and in Asia Pacific, Australia, New Zealand and China rose 18% to $1.45 billion.

Meanwhile, the company's net income declined because ofthe rest of the costs, including raw materials.

PepsiCo's fourth-quarter net income fell 28% to $1.32 billion from $1.85 billion a year earlier. Earnings per share fell to $0.95 from $1.33.

Earnings excluding one-time factors were $1.53 per share, compared with analysts' consensus estimate of $1.52 per share.

For the full year 2021, PepsiCo's net income rose 7% to $7.6 billion, profit before The company's revenue was up 12.9 percent to $79.47 billion, with organic revenue growth of 9.5 percent, including a one-time factor of $6.26 per share.

According to the company's forecast, in 2022, its adjusted profit will increase by 8% (experts on average expect a rise of 7.5%), and organic revenue growth will be 6%.

PepsiCo shares gained in premarket trading Thursday. Over the past 12 months, their value has risen 27%.Vadim Shovkun, a practicing trader and founder of the Crypto Shaman project, tells about the current market situation.

Bitcoin showed big "swings", but the temporary dump was aggressiveThe situation is now worth updating. Now it is worth updating the situation.

As expected, BTC price was moving in sideways for some time, subsequently renewing its local maximum today.

WhatNow? Bitcoin is close to the ICE level ($46,400), also clinging to the PoC range of $46,400-$52,000. Abnormally strong volume and today's bar on the four-hour chart indicateThe main reason for this is that they are in favor of aggressive shopping.

The flat-positive dynamics of the S&P 500 index positively affects the price of the first cryptocurrency.

Looking at the daily timeframe, theYou can see three consecutive daily candles with great tails at the bottom.

The main expectation: an impulse breakdown of $46,400 and a move to the upper boundary of the range - $52,000.

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