November 13th Bitfinex Alpha | BTC Soars, But Be Careful What You Wish For Post time: 12:13h On Bitfinex Alpha Posted by Tammy A strong week saw Bitcoin retrace some of its gains after hitting $38,000, its highest since May 2022. Even at current levels of $37,000, the average purchase price (STH RP) for short-term holders is approximately $30,380. This gap between STH RP and current market prices has been most pronounced since April 2022. However, based on past performance, STH RP’s monthly movements suggest caution. An analysis of short-term and long-term holder cohorts shows that, historically, a $2000 monthly…
Author: Crypto Flexs
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In cryptocurrency trading, history often repeats itself, or at least rhymes. That’s why it can be important to identify historically significant price signals and patterns. According to Egrag Crypto’s latest technical analysis: in the spotlight This pattern for XRP indicates the potential for massive price increases. This analysis hinges on observing a bullish crossover between the 21-day exponential moving average (21EMA) and the 55-day moving average (55MA) on the two-week chart of XRP/USD. Egrag said, “XRP Rocket: 21 EMA and 55 MA Signal Explosion: Let’s Decipher XRP Trajectory. Would you like me to focus? There are only two significant weekly…
IBM announced the December 5 launch of IBM Hyper Protect Offline Signing Orchestrator (OSO), an air-gapped cold storage solution for digital assets. IBM has partnered with digital asset manager Metaco (an IBM partner and Ripple subsidiary) and Tier-1 banks to develop an end-to-end asset encryption service to address common vulnerabilities found in typical cold storage solutions.According to the announcement:“Offline or physically air-gapped cold storage has limitations including privileged administrator access, operational costs and errors, and the inability to truly scale. All of these limitations stem from one fundamental factor: human interaction.” cold storageIBM designed OSO to address these vulnerabilities by…
As British policymakers develop updated policies to regulate internet pornography, one approach could require users to send adult selfies to view adult content. Arbiter of age? Of course it’s AI.If only 1984 author George Orwell had been here to write a sequel titled 2024.The Online Safety Act 2023, which received Royal Assent on 26 October, aims to make the internet safer for UK users, especially children, by mandating service providers to implement effective age verification. The last of the six proposed methods involves asking users to take a selfie and send it to the government so that AI can verify…
Bitcoin (BTC) returned above $42,000 on December 5 as analysis suggested market manipulation.BTC/USD 1-hour chart. Source: TradingViewAnalysis: New Bitcoin Bidding Is Not “Organic”BTC prices rebounded, pushing BTC/USD to a high of $42,498 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.This pushed it past the 19-month high set the previous day, and the retracement was short-lived amid general excitement across cryptocurrencies.However, as Bitcoin continues to regain lost ground in mid-2022, warnings about the sustainability of the rally continue to flow in. It centered around the actions of large traders, also known as whales.in dedicated thread Commenting on the…
The introduction of PayPal USD (PYUSD), PayPal’s native stablecoin, has sparked heated debate within the cryptocurrency industry over its impact on payments and widespread cryptocurrency adoption. While this step appears to be a huge leap forward in the acceptance of cryptocurrencies in general finance, some industry observers advise caution. They highlight obstacles and limitations that may delay widespread adoption.What is PYUSD?This initiative aims to bridge the fiat and digital currency realms for consumers, merchants, and developers. PayPal CEO Dan Schulman emphasized the need for a stable digital fiat currency channel. PYUSD facilitates a variety of transactions, including payments, transfer of…
While trying to withdraw funds from a website, I copied and pasted the deposit address from my clipboard. It was the address of the same site where deposits could be made. Now my money is nowhere to be found.
Reports emerged this week that Qatar’s sovereign wealth fund is seeking an investment worth up to $500 billion, which could make it one of the largest institutional investments in Bitcoin. The rumor, which has yet to be confirmed but is gaining traction in the cryptocurrency industry, has already triggered a 10% surge in the price of Bitcoin in recent days. key point There are rumors that Qatar’s sovereign wealth fund is considering investing $500 billion in Bitcoin. The rumor sparked a surge in the price of Bitcoin, rising more than 10% over the past four days to surpass $41,000. Factors…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACECoinmate is a fraudulent cryptocurrency trading platform set up to lure investors into parting with their cash as part of a pig slaughter scam.Victims…
Posted 1 minute ago In ~ The Securities and Exchange Commission is delaying a decision on whether to approve Grayscale. Ethereum ETH +1.47% Trust’s spot exchange-traded fund. The SEC said it was extending the decision timeline for the proposed fund by 45 days, until Jan. 25, according to a filing Tuesday. “The Commission has determined that it is appropriate to specify a longer period for taking action on the proposed rule change to allow sufficient time to consider the proposed rule change and the issues raised thereunder,” the SEC said.Bloomberg Intelligence analyst James Seyffart wrote tolatest delayThe SEC also recently…