Category: Allgemein

• Peter Brandt recently warned that two gaps in Bitcoin’s chart could cause its value to drop.
• The surge of liquidation and bank runs from the failure of SVB Bank have caused many investors to turn to cryptocurrencies for safety.
• According to the idea of gaps, the market will eventually return to fill these empty regions, leading to a reversal in price at some point in the future.

Peter Brandt Warns Chart Gaps Could Bring BTC Down

A well-known trader named Peter Brandt recently went to Twitter to highlight two significant gaps in bitcoin’s chart that still need to be filled. He told traders to short bitcoin, insinuating that the digital currency’s value would decline in the not-too-distant future.

The Impact of SVB Bank’s Failure

The latest surge above $28,000 for bitcoin has been driven by a wave of liquidations that followed the failure of SVB bank and the subsequent bank run. As a result of this turbulence in the conventional financial sector, many investors have begun looking towards cryptocurrencies as a way of protecting their assets from further market collapse.

What Are Chart Gaps?

On a chart, gaps occur when an item’s price moves up or down significantly without any trading activity between those price levels. A significant shift in sentiment or important news often triggers them. According to this theory, these gaps will eventually close and lead to a reversal in price at some point.

Investors Must Take Caution

It is essential for traders and investors alike to keep an eye on the market and consider what these gaps mean before making decisions related to their investments. Because cryptocurrencies are inherently volatile, it is important for traders and investors alike do their own research before investing anything into crypto markets.

Conclusion

Although Bitcoin has been quite popular among investors who are seeking shelter from market volatility, it is important for them take precautionary measures while making investments related cryptocurrency markets due its inherent volatility.

• Ethereum co-founder Vitalik Buterin purchased USDC at its lowest price during a market panic.
• He made five separate transactions, buying a total of 400,000 USDC.
• This was in line with the philosophy of Baron Rothschild who famously said “the time to buy is when there’s blood in the streets.”

Ethereum Co-Founder Buys During Panic

Ethereum blockchain co-founder Vitalik Buterin saw an opportunity amid the market panic surrounding USD Coin (USDC) and decided to take advantage of it. On March 11 — when USDC fell to a low of $0.88 — Buterin acquired more of the stablecoin in five separate trades, adding a total of about 400,000 USDC to his wallets at a steep discount.

Baron Rothschild’s Philosophy Followed

Buterin’s highly successful series of trades seemingly resonates with the philosophy of 18th-century British nobleman and member of the Rothschild banking family Baron Rothschild, who famously said: “the time to buy is when there’s blood in the streets.” This appears to be exactly what happened as crypto data indicates that no USDC token has left Buterin’s wallets since then.

Lowest Price Since January 2021

As reported by Crypto News recently, USDC lost its $1 peg to the USD on March 11th, trading as low as 81.5 cents – its lowest price since January 2021. Meanwhile Circle, issuer of USDC has burned $2.34 billion in order to meet increasing redemption requests from customers for their coins back into fiat currency such as UDS Dollars or Euros.

Analysis Of The Situation

To better understand what happened with USDC and why Vitalik Buterin bought it at such a low price ClearValue Tax released an explainer video which can be watched here: [link]. It offers an analysis on how this situation developed and also provides some outlook into future scenarios related to this incident.

Conclusion

It remains unclear whether Vitalik Buterin will make any profits from his purchase or not but taking into account his past success stories it would be wise not to underestimate him anytime soon

• The US Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment.
• According to the SEC, Green United promised investors monthly returns of 40% to 50% for their “Green Boxes” which never mined anything as there was no mineable GREEN token or Green Blockchain.
• The SEC seeks permanent injunctions, disgorgement, and civil penalties against Green United, Thurston and Krohn.

SEC Sues Utah-Based Green United

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment.

What Was Promised?

According to the SEC, Green United and its founder, Wright Thurston

Conflux Secures $10 Million Funding Round From DWF Labs

• Conflux, a public blockchain developer, secured a token round of $10 million from DWF Labs.
• The investment will help Conflux advance its technology and grow its user base.
• CFX tokens will be linearly released from the project’s team and foundation reserve that DWF Labs purchased.

Funding to Advance Technology & Increase User Base

Conflux, a public blockchain developer, recently secured a token round of $10 million from DWF Labs, which trades and invests in digital assets. This investment will help Conflux advance its technology and grow its user base. Fan Long, the co-founder of Conflux, confirmed the investment and added that it was completed “a few days ago.”

CFX Tokens to Be Released Linearly Over Time

Fan Long also mentioned that CFX tokens would “linearly release over time” from the project’s team and foundation reserve that DWF Labs purchased. He further stated that this strategic investment made by DWF would tremendously aid Conflux in developing its ecosystem. Andrew Chi-Chih Yao designed the system as he is Chinese recipient of the Turing Award and chief scientist of Conflux while Fan Long is an assistant professor of computer science at the University of Toronto.

Conflux Network Launched in 2020

The Conflux network launched in 2020 but has recently made headlines due to collaborations it established with China Telecom, the country’s second-largest wireless provider, and Little Red Book, China’s equivalent of Instagram. Fan Long said that Conflux is “the first regulatory compliant permissionless blockchain in China” as well as received a grant from Shanghai government totaling more than $5 million in 2021.

Tree-graph Consensus Process Enables High Efficiency & Security

When asked how Conflux differentiates from other blockchain networks, Long responded that its Tree-graph consensus process enables it to attain 3,000 transactions per second with a confirmation time of 23 seconds while retaining high security. According to him this takes public chain technology to new heights of practical effectiveness as more than 300 platforms have adopted and strategically incorporated Conflux network into their system.

• Circle, the USDC issuer, is looking to hire 135 to 225 workers in 2023.
• The company’s Chief Financial Officer (CFO) Jeremy Fox-Geen stated that they are “in a financial position to be able to sustain our investments.”
• Other firms such as Binance have also announced hiring around 700 new employees.

Circle Wants To Hire More Staff Amid Wide Industry Layoffs

The issuer of USDC, Circle, wants to start its hiring process despite the massive layoffs in the industry. According to Wall Street Journal (WSJ), Circle might hire 15% to 25% more staff this year and currently has around 900 employees. The expected 25% growth is still half of the company’s expansion in 2022 when it doubled its number of employees from the year before.

Circle CFO Optimistic About Firm’s Growth

Circle’s Chief Financial Officer (CFO) Jeremy Fox-Geen told WSJ that they are “in a financial position to be able to sustain our investments” and added that they have prudently slowed down their growth and are focused on what matters most. Although Circle is looking for a better time not this year due to recent bankruptcies and collapses, Fox-Geen remains optimistic about the firm’s growth.

Other Companies Also Hiring Despite Layoffs

Other companies such as Binance have also announced hiring around 700 new employees despite wide industry layoffs. This indicates that although certain firms may be affected by these losses, some companies remain confident about their future prospects and continue investing in human resources.

Compliance With Regulators Important

Fox-Geens also stated that compliance with regulators and maintaining good relations are essential things that Circle has been doing as they make progress towards going public. As such, it is important for firms like Circle to ensure regulatory compliance while expanding their workforce at the same time in order for them achieve success in both areas.

Conclusion

In conclusion, although many industries continue experiencing massive layoffs due to the pandemic, some companies remain optimistic about their future prospects and are continuing with their recruitment efforts even amidst difficult times – an example being USDC issuer Circle which plans on hiring between 135-225 staff this year.

• Millions of dollars have been lost to cryptocurrency hacks in 2023.
• This year has seen a significant amount of hacks, including BonqDAO, dForce, Magic Eden, OpenSea and Harmony.
• In January 2021, Robinhood’s Twitter account was hacked to promote a fraudulent token.

Millions Lost to Crypto Hacks in 2023

Cryptocurrency security breaches and hacks are becoming increasingly common and costly as the crypto industry continues to grow. So far this year, millions of dollars worth of assets have already been lost due to these malicious attacks.

Notable Cryptocurrency Hacks

A number of prominent crypto platforms were targeted by hackers in early 2021. BonqDAO, dForce, Magic Eden, OpenSea and Harmony all fell victim to high-profile hacking incidents this year. On Jan 3rd, Magic Eden reported that their image hosting service had been hacked which displayed inappropriate images on the exchange’s website.

Robinhood Twitter Account Hijacked

On Jan 25th, it was revealed that an unknown entity or individual had hijacked the Twitter account belonging to the popular cryptocurrency trading platform Robinhood. The hacker posted a tweet encouraging users to purchase a new BNB Smart Chain token called ‘RBH’ for $0.0005 each – at least ten customers reportedly bought around $1000 worth before the post was removed from their profile page.

The Cost of Crypto Security Breaches

As demonstrated by these events, the cost of crypto security breaches is not just financial – companies face reputational damage too when cyber criminals successfully attack their services and networks. As such it’s essential for any organization dealing with cryptocurrencies to take steps towards minimizing risk as much as possible; from using multi-factor authentication tools and secure wallets through to keeping up-to-date with security patches and best practices surrounding crypto operations more generally.

Conclusion: Protect your Investments

Protecting investments is paramount for anyone involved in cryptocurrencies given their immense value; staying ahead of potential cyber threats is now more important than ever before. Fortunately there are many measures that can be taken both proactively and reactively in order to ensure safety when dealing with digital currencies – understanding these measures should be priority number one for anyone serious about protecting their funds against malicious actors online

• Paris Hilton and Animoca Brand’s Sandbox have partnered to launch Parisland, a metaverse dating reality show.
• Participants will be able to take part in tasks such as selecting wedding rings and outfits and flirting with other contestants.
• This comes as the trend of metaverse adoption continues to rise, with many companies entering the space and NFTs seeing a resurgence in 2023.

Paris Hilton & Animoca Brand’s Sandbox Join Forces

Paris Hilton’s 11:11 Media has teamed up with Animoca Brand’s Sandbox to launch Parisland, a romantic adventure experience in the metaverse. Players will be able to participate in the metaverse dating reality show hosted by the Hollywood celebrity starting from Feb. 13th.

Activities In The Metaverse

Parisland offers exciting activities for participants such as picking up cute collectibles, exploring tropical Parisland and celebrating destination weddings. Users can also take part in tasks including selecting wedding rings and outfits, flirting with other contestants, and more.

Metaverse Adoption On The Rise

The trend of metaverse adoption is continuing to gain popularity despite regulatory concerns and cases of crime within virtual worlds. According to recent reports, blockchain games related to the metaverse raised over $1.3 billion during Q3 2022 alone. Companies like Nokia are now providing aid via the metaverse to workers in beer breweries and aircraft engineers amidst this surge of interest.

Non-Fungible Tokens (NFTs)

Another key factor driving growth within the metaverse is Non-fungible tokens (NFTs). After experiencing a decline due to perceptions of crypto winter combined with FUD related news stories, NFTs have seen a resurgence in 2023 due their ability to represent digital assets on decentralized networks like Ethereum or Flow blockchain protocols.

Paris Hilton Joins Crypto Bandwagon

This move by Paris Whitney Hilton follows her initial foray into crypto during ICO mania back in 2016/2017 but marks her first step into the world of virtual gaming through Roblox’s Paris Hilton World back in 2021

• A&T Capital predicts web3 trends in 2023, including zero-knowledge proof layer2, parallel computing and modular design.
• These predictions are based on research done by the Chinese cryptocurrency VC, A&T Capital.
• These technologies are projected to improve blockchain scaling and support mass adoption.

A&T Capital, a Chinese cryptocurrency venture capital firm, recently released a document detailing their research and predictions for the crypto space in 2022 and the ‘new paradigm’ web3 technology that will revolutionize the internet in 2023. In their document, A&T outlined several anticipated web3 technologies that are set to provide the blockchain with increased scalability and more efficient transactions.

The first technology A&T discussed was zero-knowledge proof layer2 (ZK L2). With this technology, transactions are conducted in an offline environment using mathematics and cryptography, allowing for up to 100 times more capacity than optimistic rollups. ZK L2 also has a much lower operating cost, while still maintaining the security of the Ethereum network. Although it is more difficult to program and is less production-ready than other technologies, A&T concluded that it is the long-term solution for increased blockchain scalability and mass adoption.

The document also discussed parallel computing as a possible solution to high-performance computing scenarios. According to A&T, this technology is capable of executing transactions on multiple contracts simultaneously, and is best suited for maximizing blockchain computations. Lastly, A&T predicted that modular design will be the most popular dissertation for releasing the full potential of blockchain technology. This thesis states that maximum efficiency will be achieved if each unit can perform simple operations.

Overall, A&T Capital’s research and predictions for the web3 technology in 2023 are highly anticipated. If these technologies are successful, they could drastically improve blockchain scalability and support mass adoption. Therefore, the crypto industry is watching with anticipation to see if these technologies will live up to their expectations.

• KPMG released a research report showing that blockchain technology was the fifth most popular tech among Chinese fintech companies in 2022.
• The Chinese government has continued to support blockchain-related initiatives, such as the launch of the Blockchain Service Network (BSN).
• Recent reports suggest that Chinese authorities may be looking to make a comeback with crypto integration.

Chinese financial technology companies are embracing blockchain technology in a big way. KPMG’s latest research report indicates that DLT was the fifth most popular innovative tech among Chinese fintech companies last year. With a 33% share of tech adoption, blockchain technology was ranked behind big data, artificial intelligence, cloud computing, and knowledge graph.

The Chinese government has been actively supporting the development of blockchain technology in the country. In 2020, the government launched the Blockchain Service Network (BSN), which serves as the nation’s Web3 standard. The government’s increased support for blockchain-related initiatives has been a major factor in driving DLT adoption.

Although China has maintained its “harsh stance” on crypto since officially announcing its blanket ban, recent reports suggest that the Chinese authorities may be looking to make a comeback in the crypto space. Reports indicate that the Chinese government is considering integrating crypto into its financial infrastructure. This could potentially mean that Chinese citizens will be able to use digital currencies for financial transactions.

The Chinese government’s support of blockchain technology is a clear indication that the country is serious about making DLT a major part of its financial infrastructure. With the integration of crypto, Chinese citizens could soon have access to a wide range of digital currency-based services. This could potentially open up a new era of financial freedom for the country’s citizens.

Dave Portnoy od kilku tygodni ociera się o przemysł Bitcoin i kryptoński.
Zaczęło się, gdy ludzie zaczęli szylingować BTC do założyciela Barstool Sports podczas jego live streams.
Ponieważ BTC rajdował się, podobnie jak altcoiny, był zachęcany do inwestowania.
Po wpłaceniu ponad $1,000,000 do Bitcoin Era i altcoin, wypłacił pieniądze, powołując się na stratę $25,000, którą przejął na dwie monety: Orchidea i Chainlink.

Podczas gdy Portnoy twierdzi, że wkrótce ponownie wprowadzi kryptonim, niedawno powiedział swoim zwolennikom, by porzucili Bitcoin dla zapasów.
Dave Portnoy, podczas gdy założyciel Barstool Sports, od początku 2020 roku stał się handlarzem dniami wolnymi od gwiazd.

DAVE PORTNOY CHCE, ABY WŁAŚCICIELE BTC WYKOPALI KRYPTO DLA AKCJI.

2 września Portnoy błagał swoich “kryptońskich przyjaciół” o zaangażowanie się w działalność giełdową. W ciągu ostatnich 24 godzin S&P 500 podniósł się o 1,5%, przy czym bodźce monetarne i nabywcy detaliczni nadal podnoszą wartość wiodącego indeksu.

Portnoy zacytował trwającą korektę Bitcoina, która doprowadziła go do lokalnego niskiego poziomu około 11.200 dolarów zaledwie 18 godzin temu, od momentu opublikowania tego artykułu:

14 BTC i 95,000 Free Spins dla każdego gracza, tylko w mBitcasino’s Exotic Crypto Paradise! Zagraj teraz!
“Błagam moich #crypto przyjaciół, aby zaangażowali się w rynek akcji. #Bitcoin utknął w błocie. Pozwól, że ja cię poprowadzę. Wrócimy do krypty później. Czas na strajk! Teraz! Nie ma czasu na słabe ręce! Ruszajcie się!”

Założyciel Barstool Sports wielokrotnie twierdził, że nie sądzi, aby Bitcoin i krypto byli obecnie w dobrym miejscu, bo jeśli ich niezdolność do zapewnienia mu stałych zysków każdego dnia. Wcześniej powiedział, że “żadne straty” nie są dozwolone w jego portfelu, dlatego też po wzięciu 1,5% straty wypłacił z kryptokurówki.

BITCOIN POZOSTAJE W TRENDZIE WZROSTOWYM

Portnoy może mieć rację w najbliższym czasie – zapasy przewyższyły BTC w środę – ale wielu uważa, że Bitcoin ma możliwość rozszerzenia się wyżej.

Dan Tapiero – współzałożyciel DTAP Capital, Gold Bullion International i innych firm – zauważył ostatnio, że BTC jest na skraju parabolicznego wydłużenia się do góry nogami w tym cyklu rynkowym:

“Ogromny długoterminowy wykres logów #Bitcoin przewiduje wzrost o 5-10x w tym przebiegu. Właśnie się rozpada. Powinien trwać kilka lat, ponieważ 2,5 roku konsolidacji jest fantastyczną podstawą do katapulty w górę. Przełamanie starych wzlotów będzie miało wybuchowe następstwo. Czas siedzieć i być cierpliwym.”

Mike McGlone z Bloomberga, Arthur Hayes z BitMEX i inni w i poza kryptokurrency spacerem.

Większość zgadza się, że makro czynniki, takie jak drukowanie pieniędzy, są skłonne do zapaści BTC wyżej.