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The SEC has penalized Kim Kardashian $1 million for her cryptocurrency advertising.

Kim Kardashian must refrain from promoting any cryptocurrency-related products for three years. The reality TV actress misled her Instagram followers about her financial interest in promoting cryptocurrency security, there will be a fine of $1 million. In 2020, actor Steven Seagal agreed to pay more than $300,000 as part of a similar deal with the SEC. Matt Damon, Tom Brady, Reese Witherspoon, and Gwyneth Paltrow are among those who have leveraged their status to promote cryptocurrencies. The value of numerous cryptocurrencies skyrocketed during a surge in highly speculative investing.  Lately, as the market as a whole has fallen, the value of various cryptocurrencies has plummeted. Bitcoin has lost more than half its value in 2022, plummeting to about $19,000 Monday.  
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Bitcoin Value and Ethereum Price Anticipate Vital Bullish Break

Bitcoin hit $19,200. BTC targets $19,650 at 10:30 UTC. If bulls win, prices might jump 5%-8%. Most altcoins may rise. After consolidating over $1,300, ETH may reach $1,350. XRP hits $0.45 resistance. ADA is $0.435 Bitcoin price Bitcoin surpassed $19,200. BTC surpassed $19,200 and 50-hour SMA. $19,650 and $19,700 offer strong resistance. Before climbing, prices may stabilize above $20,000. Price may fall to support if $19,650 isn't broken. Approaching $19,300. $18,500 may be offered below $19,000. Bitcoin cost Ethereum $1,300. ETH overtook $1,320 and 50-hour SMA. It's fighting $1,340 and an hourly negative trend line. If $1,350 falls, $1,400 might return. Ether could collapse if it can't break trend line resistance. $1,308 is initial assistance. Below $1,280, pricing could hit $1,255. Cardano (ADA) prices continue near $0.435 on BNB, SOL, DOGE, and XRP. If it rallies, it might reach $0.45. Otherwise, the price could drop to $0.42. BNB is almost $282. Resistance is $285. Pric

Crypto Market Could Grow by 1 Million Users in a year

The Australian cryptomarket might reach 1 million users this year. By 2023, over a million Australians will have acquired cryptocurrency for the first time. Analysts predict that the overall number of cryptocurrency users will approach 5 million in the next 12 months. Within a few years, more than half of adult Australian residents under the age of 50 will own cryptocurrency. Almost a quarter of Australians own cryptocurrencies or have prior experience with digital assets. The absence of dependable government regulation and a lack of awareness of crypto technological principles are among the key negative factors impacting the degree of digital asset ownership. The Australian Ministry of Finance aimed to exclude cryptocurrency assets from taxes as a foreign currency and urged individuals to participate in this discussion.  

Disney Hint Big Plans for NFT and Crypto Adoption

On Friday, The Walt Disney Company advertised a position for a principal counsel specializing in non-fungible tokens (NFT) and decentralized finance (DeFi). The listing alludes to the company's broader Web3 expansion across its various business lines. To lead its metaverse strategy, it appointed Mike White as senior vice president of next-generation storytelling and consumer experiences in February. White will be in charge of creating a "metaverse," or the fusion of in-person and digital experiences. Disney announced in July that its Accelerator program would focus on "creating the future of immersive experiences."  

Russia's regulators are working to legalize the use of cryptocurrency in foreign trade.

Russian officials are now focusing on the settlement process for cryptocurrency payments made in international trade. The creation of domestic infrastructure for trading in digital assets is covered under the "On Digital Currency" bill, which was originally proposed by the finance ministry earlier this year and altered with input from other agencies. According to Rosfinmonitoring, businesses that conduct exchange operations using digital money should be subject to regulation.  

NFT transactions will make crypto accessible to a global audience

To help spread cryptocurrency to the masses, Electric Capital CEO and co-founder Avichal Garg thinks nonfungible tokens (NFTs) are important. In contrast to other subgenres of cryptocurrency, NFTs are tied to more tangible, everyday activities like the creation and consumption of art, music, and games. If high inflation continues to dominate the macro picture, as Garg predicts it will, the bear market could last for another year or two.  

The ETH Price Dropped After The Merge

The long-awaited Ethereum merge occurred on Thursday, and the network successfully upgraded to proof of stake. Despite this, the price of ETH has dropped by 18.5% in the last three days.  A break below $1,400, a level not seen since late July, seems imminent for the second-largest cryptocurrency by market capitalization. In the hours following the merge, traders dumped over $127m worth of ETH, plummeting its price. The SEC's decision to consider proof-of-stake cryptocurrencies like ETH as securities may have accelerated the pace of the sell-off.