Chain News Daily Official TheBitTimes.com

Bitcoin (BTC) has surged above $37,000, reaching its highest price in 18 months, driven by growing optimism that regulators may soon approve the first spot Bitcoin Exchange-Traded Fund (ETF). Following this rally, historical data signal the possibility of the asset initiating a major bull run. In this context, pseudonymous crypto analyst el_crypto_prof suggested in an X (formerly Twitter) post on November 10 that Bitcoin is on the verge of ‘the biggest bull run ever’ based on historical indicator s. According to the analyst, Bitcoin has exhibited a rare buy signal on the M-Chart, an event that has only occurred once before and was a staggering eight years ago. In addition, Bitcoin has surged above the SMA 20 line, marking a significant milestone. The analyst pointed out that, based on chart movement, the convergence of these indicator s could signify the beginning of the most substantial bull run in Bitcoin’s history, noting the potential entry of institutions into...

Belarus is drafting legislation that will outlaw crypto transfers between individuals, known as peer-to-peer (P2P) transactions, in a bid to crack down on criminal operations in the nation. On Sunday, the Ministry of Internal Affairs of Belarus announced the ambitious plans on social media. “Since the beginning of the year, employees of the cybercrime counteraction units have stopped the activities of 27 citizens providing illegal services for the exchange of cryptocurrencies,” the ministry posted on Russian social platform VKontakte. “Their total illegal income amounted to almost 22 million rubles” — equivalent to $8 million at press time. According to the ministry, the legislation will “make it impossible to withdraw money obtained by criminal means” and therefore will make it unprofitable for these fraudsters to operate in Belarus. However, P2P transactions will still be allowed through crypto exchanges registered with Belarus Hi-Tech Park (HTP) — a tax regime in Belarus tha...