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What I Learned From Ignoring Bitcoin – Bitcoin Magazine

This is an opinion editorial by Konstantin Rabin, a finance and technology writer.

I am one of those who was fortunate enough to find out about Bitcoin more than a decade ago before it gained mainstream attention. Sadly, I am also one of the morons who saw this opportunity, didn’t think too much of it at first and let it fly by.

In this little story, I’d like to share the path that led me to pass on investing in bitcoin three different times before eventually giving in and becoming a HODLer. So, here are the key lessons I learned along this journey that are worth sharing with anyone who is still doubting BTC.


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Why are Nubank, Facebook and Disney investing in this BRL 4 cryptocurrency?

An investment of BRL 4 in this cryptocurrency can turn into BRL 80; understand (Editor: Fernanda Lopes)

A lot of people still don’t know, but there is a cryptocurrency with the potential to enter a boom cycle In the next months. To be exact, she can have up to 1,900% appreciation.

We are talking about an opportunity so promising that some of the biggest companies in the worldsuch as Goal, of Facebook, The disney and even the Nubankare betting big on the success of this cryptocurrency.

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Billionaire investors around the world have already started buying this currency in droves, so certain are they that this appreciation will be “good”.

The good news is that if you want to take advantage of the chance to profit from this currency’s appreciation, there’s still time.

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This is because the cryptocurrency in question is still extremely cheap. It costs about R$4which means that you can start investing with little and “get your feet wet” in this market, even if you have never bought crypto in your life.

According to the projections of the team of cryptoasset specialists from one of the largest analysis houses in Brazil, it is possible profit up to R$ 80 for every R$ 4 reais invested. That is…

  • R$ 100 can turn into BRL 2 thousand;
  • R$ 500 can turn BRL 10 thousand; and
  • BRL 2 thousand can become BRL 40 thousand.

We’re talking the best of both worlds here. An investment that allows you to start with little having the chance to profit a lot. In the financial market, such an opportunity is often referred to as a very inviting profit asymmetry.

This is the kind of opportunity that could be your first step towards a more comfortable life.

Vinicius Bazan, the analyst responsible for the Crypto Legacy portfolio at Empiricus Research, noticed the high potential of this coin.

Bazan is dedicated to “mining” the best of the crypto market, and passing on recommendations to its subscribers. To give you an idea, the portfolio yielded 108% above the Nasdaq Crypto Index (NCI), index that represents the crypto market, in 2022.

That’s no small feat, especially when considering the turbulent period the crypto market has faced over the past year.

Several currencies have plummeted over the past year, and even the Bitcoin went through bad times, reaching its historic low… enough for many people to say that the currency’s days were numbered:

Nobel Prize Winner Enacts the End of Bitcoin
Source: G1

But even so, Bitcoin held firm. And whoever had the coin in their wallet now has the chance to profit from the highs.

Bitcoin heading for best January in 10 years
Source: InfoMoney

Bazan identified the currency that is “next in line” in the valuation, with one detail: because it is a smaller crypto, the valuations should be much bigger than those of Bitcoin.

And those who buy quickly, while prices are still low, can multiply by up to 20 times each invested real.

In fact, as much as this coin is still cheap, it has been showing what it is capable of for some time now.

For you to have an idea, from June 2022 to early January 2023, Bitcoin fell by 11.75%. In the same period, this other currency rose 136.46%.

That is, there were people “filling their pockets” with the appreciation of this cryptocurrency, while those who invested in BTC in the same period were “sucking their fingers”…

And, even though past returns are no guarantee of future returns, this currency has everything to explode in the coming months, still in the first quarter.

This is because the network of this cryptocurrency will undergo a great update coming soon. What will increase transaction efficiency and add value to it – i.e. the price will go up.

No wonder big companies like Nubank, Facebook and disney are banking on the coin’s protocol, and using its technology to expand their business to Web3.

Now, think about it: if market giants are investing in this crypto asset, why should you stay out? You don’t need to invest a lot of money to have a chance to surf a significant appreciation…

Here, the “bakery change” may already be enough to capture a significant appreciation.

And you don’t even have to do anything yourself. Instead, you can follow the advice of a cryptocurrency expert.

“I’m not guessing you can make a lot of money if you buy this coin now. I am affirming.” – Vinícius Bazan, cryptocurrency expert

You can multiply by up to 20x each invested real; know how

This cryptocurrency, which has the potential to explode in the coming months, has already been recommended by Vinicius Bazan to subscribers of the Crypto Legacy wallet, where Bazan and his team share the best opportunities in the cryptomarket, handpicked.

This means that those who subscribe to Crypto Legacy already had the chance to buy this currency, and are just waiting for the update to be able to capture the profits.

But Bazan doesn’t want an opportunity like this to go unnoticed by anyone unfamiliar with his work. Because of this, the name of the currency that can turn R$4 into R$80 is being released for free.

Even if you’ve never invested in your life, or if you’re used to other assets but not crypto, it’s okay.

Bazan undertakes to “take the hand” of all investors, regardless of profile, so that it is possible earn a lot of money even as a beginner.

Not to mention that you can start with a small investment – ​​R$4 doesn’t pay anything nowadays, but it can pay for your ticket to a more comfortable life.

You can unlock your access to the recommended cryptocurrency name at this link.

The whole thing is very simple, which means you can take the initiative to change your financial life in a few steps, in the comfort of your home.

Remembering that the “cat jump” to have the chance to profit from this coin is to buy it while it is cheap… If I were you, I would at least want to know the name of this cryptocurrency now:


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Digital Assets & Blockchain Technology: Common FAQs

Digital assets and blockchain technology have gained significant attention in recent years, and with good reason. These innovations have the potential to revolutionize the way the world thinks about our digital infrastructure. However, they raise a number of questions for financial advisors and their clients.

This blog post addresses some of the most common questions we encounter when discussing digital assets and blockchain technology. In the process, we highlight why we believe this space has such vast disruptive potential.

How do blockchains work and why are these networks considered disruptive?

A blockchain is a distributed database that can be viewed, accessed, and updated by any participant in the network. On a blockchain, data is aggregated into individual blocks that are linked together with prior blocks to form a chain. This data can represent a transfer of value or the settlement of any activity on an application. Together, the chain of individual blocks constitutes all of the network’s historic data. Thanks to the cryptographic architecture of advanced blockchains, retroactive modification of past data is nearly impossible.

By requiring the database to be stored on all network computers and all updates to the ledger to garner a consensus among users, blockchains offer a secure and decentralized method of data management. This substantiates true digital ownership that cannot be revoked and creates a trustless and neutral settlement layer for data.

The spectrum of applicable use cases for this technology is wide. Because many of the most popular blockchains today support smart contract technology—the building blocks of decentralized applications (dapps)—blockchains have become viable data settlement layers for functions far beyond peer-to-peer value transfers. For more information on smart contracts, visit our Exploring the Disruptive Potential of Smart Contracts blog post.

What are digital assets?

Digital assets leverage blockchain and/or smart contract technology to represent a digital form of value, perform a function or incentivize certain activities. These assets are built based on code that governs all aspects of their economic value, utility, and ownership.

Digital assets can be split into two subclasses: cryptocurrencies and tokens. Cryptocurrencies are native blockchain assets used as digital commodities to power network activity. For instance, ether (ETH) is Ethereum’s native cryptocurrency used to pay for the settlement of data on its blockchain. Tokens are smart contract-based digital assets with a wide variety of functions. Tokens can be fungible or non-fungible and can have many different use cases. These include powering specific dapp activities or representing unique pieces of data such as digital and real-world assets on the blockchain.

What are the primary functions of cryptocurrencies?

Cryptocurrencies act as a decentralized, flexible, and programmatic form of capital within blockchain networks. They are embedded with encryption technology that prevents double-spending and allows individuals to verifiably prove their ownership of an asset. Cryptocurrencies can be used as digital currencies for peer-to-peer payments, as the medium to pay for data settlement in a block, as collateral in decentralized finance (DeFi) applications, and much more.

Another primary function of cryptocurrencies is to incentivize blockchain security participants to act according to network rules. This is critical in coordinating and deriving consensus about the state of the network. In exchange for proposing valid data attestations to the network, blockchains offer rewards in the form of cryptocurrencies. Dishonest data attestations that do not garner consensus from the network earn no rewards and can be subject to penalties. In this way, cryptocurrencies provide an incentive mechanism that allows blockchains to operate securely without any central points of control. For more information on how consensus mechanisms function, visit our Proof of Work vs. Proof of Stake: Why Their Differences Matter blog post.

Why is there more than one cryptocurrency?

Cryptocurrencies serve different purposes and have different features. Some cryptocurrencies, such as bitcoin (BTC), are primarily positioned as store of value assets due to their scarce supply. Others, such as ether (ETH), are positioned as valuable commodities needed for data settlement, and as a medium of exchange needed to interact with a growing ecosystem of dapps.

The open-source nature of blockchain infrastructure allows developers to build a spectrum of cryptocurrencies positioned for different use cases, each with unique value propositions.

What are the differences between the Bitcoin and the Ethereum networks, and why do their respective assets have value?

The Bitcoin network is a globally accessible database that enables the storage and peer-to-peer value transfer of its native asset, bitcoin (BTC). BTC is divisible, fungible, and easily transferable with a programmatically defined monetary policy that ensures its scarcity. Because of its store of value characteristics, bitcoin is often referred to as a form of digital gold.

Ethereum expanded on Bitcoin’s innovative use of blockchain technology by creating a platform capable of hosting advanced applications on top of a blockchain, powered by Ethereum’s native asset, Ether (ETH). This innovation introduced the concept of smart contracts and laid the foundation for the invention of decentralized applications (dapps). Dapps have the potential to reconstitute the application layer of today’s internet. Because these applications are powered by ETH and settle their data to the Ethereum network, Ethereum is positioned as a settlement layer for a new internet of value.

Who controls digital assets?

No single party or network participant controls the digital assets space. The leading cryptocurrencies and tokens are maintained by a network of users who work together to validate and record transactions on the blockchain.

Importantly, participating in these distributed networks is open to all and only requires the correct hardware and software know-how. Software development and maintenance typically fall to a group of developers. Governance voting falls to a group of global participants and often determines software implementation. However, not all digital assets operate the same way, and there are cases where cryptocurrencies and tokens can be highly centralized and manipulated by certain actors.

If digital assets are based on code that lives on a blockchain, can they be hacked? How safe are they?

Digital assets can be hacked, and they are subject to cybersecurity risks. However, a blockchain’s design makes it incredibly difficult for attackers to tamper with historic data. Blockchains use advanced cryptography to ensure data integrity and security. They also feature native defense mechanisms requiring heavy resources and financial capital to conduct dishonest activity. When researching cryptocurrencies, ensuring proper decentralization and strong consensus mechanisms is paramount to network security.

Additionally, a fault in smart contract code can be a vulnerability for dapps built on blockchains. Hackers often try to exploit gaps in the code or the infrastructure applications that these dapps may rely on. When researching tokens, it is important to consider the smart contract behind the token, the developer team, the token’s economic model, supply dynamics, infrastructure dependencies, and relevant on-chain activity.

How will regulation affect the digital assets space?

The regulation of digital assets is an important and complex topic. The regulations that apply to these assets can vary depending on location and the specific details of the asset, protocol, or investment in question. Comprehensive regulatory frameworks may ease public skepticism and serve to attract users to this fascinating industry, but overly restrictive regulation could hinder growth and innovation. While the future regulatory landscape in the U.S. and abroad remains unclear, we believe regulation should ultimately be structured such that investors and users are provided with the protections necessary to allow this nascent industry to flourish.

How can investors start investing in digital assets?

Investors have regulated and unregulated methods for investing in digital assets. Regulated vehicles may offer greater protections for investors, but they may also impose stricter investor requirements and offer less direct exposure to their underlying assets. When considering regulated investment vehicles, it is important to consider management fees, custodial infrastructure, and customer agreements.

Some of the leading regulated vehicles include private funds, separately managed accounts (SMAs), directly backed exchange-traded products (ETPs), derivative-based exchange-traded funds (ETFs), and crypto equities such as public miners and exchanges.

Unregulated vehicles are not subject to government oversight, which means that they may be riskier for investors and do not offer investor protections. The most secure way to manage direct investments in digital assets is by using a self-custodial wallet. While this approach provides investors with direct exposure to the underlying, unique challenges and risks associated with managing a self-custodial wallet and investing directly in unregulated digital assets should be carefully considered.

 

Image sourced from Shutterstock

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.


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Bitcoin of America Executives to Speak on ATMIA 2023 Panel – Bitcoin News Today


Bitcoin of America Executives to Speak on ATMIA 2023 Panel – Bitcoin News Today – EIN Presswire


















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New York Takes A Giant Leap Towards Cryptocurrency Adoption With New Bill

The state of New York has taken a bold step forward in the world of cryptocurrency by introducing a bill that would make digital assets a legal form of payment within the state.

What Happened: The legislation introduced on Jan. 26 outlined changes to the state’s current financial law to allow for the use of cryptocurrencies in payments to state agencies.

According to the bill, “New York state agencies will be able to accept cryptocurrencies as a form of payment.”

The document defined cryptocurrencies under the revised state law, specifically mentioning Bitcoin BTC/USD, Ethereum ETH/USD, Litecoin LTC/USD and Bitcoin Cash BCH/USD as acceptable payment options.

The regulation and implementation of cryptocurrencies have been a hot topic in recent months, with various regulatory agencies grappling with how to approach these assets.

Also Read: South Korean Crypto Exchange Bithumb Under Scrutiny For Price Manipulation

Following the significant losses experienced by the industry in 2022 and the fraudulent activities that were uncovered, there had been increased pressure to regulate digital assets.

Why It Matters: In the wake of Arizona’s recent attempt to make Bitcoin and other cryptocurrencies legal tender in the state, New York followed suit with this amendment.

The bill stated, “This act amends the state finance law in relation to allowing New York state agencies to accept cryptocurrencies as a form of payment.”

The legal document also laid out the guidelines for the definition of cryptocurrencies and their use by state agencies.

According to the bill, “Each state agency is authorized to enter into an agreement with persons to provide the acceptance, by offices of the state, of cryptocurrency as a means of payment of fines, civil penalties, rent, rates, taxes,” and more civil duties.

Read Next: Traditional Investment Firms Under Scrutiny By SEC For Crypto Compliance

Photo: lunamarina via Shutterstock


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SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Argo Blockchain plc (ARBK) Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm – World News Report

Atlanta, Georgia–(Newsfile Corp. – January 27, 2023) – Holzer & Holzer, LLC informs investors that a class action lawsuit has been filed against Argo Blockchain plc (“Argo Blockchain” or the “Company”) ARBK. The lawsuit alleges Argo Blockchain made materially false and/or misleading statements and/or failed to disclose material adverse facts in its Offering Documents and throughout the Class Period, including: (i) Argo Blockchain was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties; (ii) the foregoing hampered the Company’s ability to mine Bitcoin, execute its business strategy, meet its obligations, and operate its Helios facility; (iii) thus, the Company’s business was less sustainable than Defendants had led investors to believe; (iv) accordingly, Argo Blockchain’s business and financial prospects were overstated.

If you bought shares of Argo Blockchain pursuant and/or traceable to the IPO, or between September 23, 2021 and October 10, 2022 and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/argo-blockchain/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is March 27, 2023.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content. 

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152723




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Bitcoin Investors Turn Greedy For First Time Since March 2022

Originally posted here.
By: Hououin Kyouma

Overview

Data shows investors in the Bitcoin market have turned greedy for the first time since March 2022, after what was the longest stretch of fear ever. Bitcoin Fear And Greed Index Now Points At “Greed” The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin (as well as the wider crypto) market. To represent this sentiment, the metric uses a numeric scale that runs from 0-100. All values below 50 imply a fearful market, while those above this threshold suggest greedy holders. Although this cutoff point might look clean in theory, in practice, the region between values of 46 and 54 is generally considered to belong to a “neutral” sentiment. Real breakouts towards fear or greed only take place when the metric crosses below or above this transition region. There are also two other “special” sentiments: extreme greed and extreme fear. The former occurs above values of 75, while the latter happens under values of 25. The significance of these extreme sentiments is that tops and bottoms have historically tended to form when the investors have held these mentalities. Because of this, some traders believe extreme fear periods provide ideal buying opportunities (as bottoms have taken place here), while times with extreme greed could be the best selling windows (since tops occur here). Related Reading: CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover A trading strategy called “contrarian investing” is based on a similar idea. As Warren Buffet said in his famous quote, “be fearful when others are greedy, and greedy when others are fearful.” Now, here is how the current sentiment among Bitcoin (and wider crypto) investors looks like: A greedy cryptocurrency sector | Source: Alternative As can be seen above, the Bitcoin fear and greed index has a value of 55 right now, suggesting that the market has now properly entered into the greed zone. Before this break into the region, the sector had been in the fear region nonstop since March 2022, around ten months ago. Related Reading: Litecoin Whale Transactions Set New 2023 High, Bullish Signal? The below chart shows how the metric’s value has changed during the past year. Looks like the metric has observed some growth in recent days | Source: Alternative From the graph, it’s visible that the indicator had spent almost the entire past year not just in the fear zone, but actually all the way down in the extreme fear region. There was only one proper spike into greed during this period, and that was the aforementioned March 2022 instance. This previous surge had only lasted for a single day before the market became fearful again. These continuous streaks of fear and extreme fear during the past year were both the longest runs in the history of the indicator. Greed finally returning to the Bitcoin market after all this while could mean that investors are ready to embrace some bullish action once again, which could be a positive sign for the current rally. BTC Price At the time of writing, Bitcoin is trading around $22,900, up 9% in the last week. The value of the asset seems to have been consolidating in recent days | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, Alternative.me

The Post

Data shows investors in the Bitcoin market have turned greedy for the first time since March 2022, after what was the longest stretch of fear ever.

Bitcoin Fear And Greed Index Now Points At “Greed”

The “fear and greed index ” is an indicator that tells us about the general sentiment among investors in the Bitcoin (as well as the wider crypto) market. To represent this sentiment, the metric uses a numeric scale that runs from 0-100.

All values below 50 imply a fearful market, while those above this threshold suggest greedy holders. Although this cutoff point might look clean in theory, in practice, the region between values of 46 and 54 is generally considered to belong to a “neutral” sentiment. Real breakouts towards fear or greed only take place when the metric crosses below or above this transition region.

There are also two other “special” sentiments: extreme greed and extreme fear. The former occurs above values of 75, while the latter happens under values of 25. The significance of these extreme sentiments is that tops and bottoms have historically tended to form when the investors have held these mentalities.

Because of this, some traders believe extreme fear periods provide ideal buying opportunities (as bottoms have taken place here), while times with extreme greed could be the best selling windows (since tops occur here).

A trading strategy called “contrarian investing” is based on a similar idea. As Warren Buffet said in his famous quote, “be fearful when others are greedy, and greedy when others are fearful.”

Now, here is how the current sentiment among Bitcoin (and wider crypto) investors looks like:

As can be seen above, the Bitcoin fear and greed index has a value of 55 right now, suggesting that the market has now properly entered into the greed zone. Before this break into the region, the sector had been in the fear region nonstop since March 2022, around ten months ago.

The below chart shows how the metric’s value has changed during the past year.

From the graph, it’s visible that the indicator had spent almost the entire past year not just in the fear zone, but actually all the way down in the extreme fear region. There was only one proper spike into greed during this period, and that was the aforementioned March 2022 instance. This previous surge had only lasted for a single day before the market became fearful again.

These continuous streaks of fear and extreme fear during the past year were both the longest runs in the history of the indicator. Greed finally returning to the Bitcoin market after all this while could mean that investors are ready to embrace some bullish action once again, which could be a positive sign for the current rally .

BTC Price

At the time of writing, Bitcoin is trading around $22,900, up 9% in the last week.


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Bitcoin world’s most hated cryptocurrency

Bitcoin’s precipitous plunge in price helped it become the world’s the most hated virtual currency in 2022, according to a survey by crypto education website Coin Kickoff. 

The world’s largest cryptocurrency by market value was the most disliked coin in 16 countries, led by Canada, Qatar and Finland.

Ethereum and solana were the world’s most loved, led by Indonesia, Russia and Uzbekistan.

Coin Kickoff came up with its love/hate ranking by analyzing more than 835,000 Twitter posts with the artificial intelligence algorithm HuggingFace.

Bitcoin lost 70% of its value in 2022, causing investors to vent their frustration on social media. Ethereum, crypto’s second-largest currency, fell almost as much, dropping by 67.5%, but was spared the backlash.

Coin Kickoff noted, in contrast to bitcoin, many of ethereum’s projects are based around decentralized finance (DeFi) — which aims to broaden the usage of cryptocurrencies for more complex transactions such as loans.

Solana was also loved, despite losing 94% of its value. Its network suffered over five outages, numerous hacks and fallout from FTX’s bankruptcy with FTX and sister company Alameda Trading holding 10.7% of its tokens, according to Coin Telegraph.

BRUTAL YEAR FOR BITCOIN AND ALMOST $3B IN CRYPTO HACKS MARKED 2022: REPORT

Recent rally

Sentiment for bitcoin may improve with its recent price recovery.

Ian Wright, the crypto expert behind Coin Kickoff, told FOX Business: “While it is still 67% down on its all-time high, investors are confident that the current economic climate in the U.S. and bitcoin’s standing as the pre-eminent crypto coin will yield further gains as the year progresses.”

FxPro senior market analyst Alex Kuptsikevich was more cautious. “Despite the positive performance of the U.S. stock indices, bitcoin continued its unsuccessful attempts to consolidate above $23,000 on Wednesday. The crypto market has, at least, paused after rallying since the beginning of the year,” he said.

Wright added that investors will look to see whether etherum can hit $5,000 in 2023.

“Like bitcoin, its value is rallying as a result of economic conditions. It is still highly regarded within the U.S. crypto community because of its long-term potential and the blockchain base for many of the industry’s most exciting prospects,” he told FOX Business.

Solana is benefiting from bonk, a new coin launched on its blockchain in December. Bonk rocketed 5,000% by early January, but has since fallen back, though it was up 910% year-to-date as of last week.

Surprisingly, bitcoin was not America’s most hated virtual currency. 

HOUSE REPUBLICANS LAUNCHING DIGITAL ASSET SUBCOMMITTEE AFTER TROUBLED YEAR FOR CRYPTOCURRENCY INDUSTRY

America’s Top 5 hated by percentage of negative tweets:

1. Axie Infinity (32.34%) lost 90% of its value in 2022. Hackers stole $625 million from its Ronin Network and the player base for its games dwindled due to competition for virtual 3D worlds. 

2. 1inch Network (31.59%) saw its value peak in 2021 at almost $7.50 against the dollar. Its performance was much more sluggish in 2022 as a result of the wider turmoil in the crypto market.

3. Terra (27.35%) was one of crypto’s high-profile casualties of 2022. Despite a promising introduction where startup Terraform Labs secured $200 million in funding, the blockchain collapsed in May 2022 — wiping out $45 billion of market capitalization in a week. Its founders Do Kwon and Daniel Shin have been sued in Singapore, Korea and the U.S. for alleged financial irregularities, and authorities in Seoul issued an arrest warrant for Shin in November 2022.

4. Uniswap (22.00%) peaked at $42 against the dollar and has yet to see its value move past the $10 mark.

5. Holochain (21.24%) is billed as a more ethical alternative to the centralized crypto offerings. Holo allows customers to make their own choices and create more transparency around its blockchain technology. However, the coin is still valued at just $0.02 against the dollar.

CRYPTO.COM CUTS 20% OF STAFF, CITING ECONOMIC HURDLES AND FTX COLLAPSE

America’s Top 5 most loved by percentage of positive tweets

1. Stellar (68.72%) partnered with Ukraine’s government in 2021 to develop its digital infrastructure. The coin’s value increased further when Franklin Templeton became the first investment firm to launch a ‘tokenized’ mutual fund in the U.S. using Stellar’s blockchain.

2. EOS (64.29%) gained popularity for its versatility, open-source capability and intuitive user-friendly platform that helps developers and investors. That transparency and accessibility makes it a favorite for investors.

3. Decentraland (53.89%) has the largest metaverse currently online. Many predict that its coin will reach parity with the dollar in 2023. Mainstream interest in the platform from brands including Adidas, Dolce & Gabbana, Samsung, Sothebys, and Tommy Hilfiger make it feel more relatable as a concept for the wider public.

4. NEAR Protocol (53.03%) reached record highs at the start of 2023. Many investors believe it has some of the most reliable technology on the market, with an active developer community and emphasis on security.

5. Ravencoin (51.76%) as a peer-to-peer platform offers more coin versatility than its rivals.

Reuters contributed to this report.

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IOTA Steps Into the Next Phase of EU Blockchain Pre-Commercial Procurement

IOTA has recently concluded extensive testing in phase 2A of the EU-run blockchain Pre-Commercial Procurement (PCP), and it has been selected. The IOTA foundation would now be expected to develop and test an advanced ledger solution on a greater scale. When crafted perfectly according to the desired specifications, it could harness the ability to deliver blockchain services throughout Europe seamlessly. Additionally, the main aim of the PCP is to actively test and analyze novel blockchain technologies. Another objective is to identify if these technologies could be used in the future.

The technologies might be actively used soon to enhance network capabilities and also use cases of the ESBI. The EBSI would, later on, play a helping role in the seamless flow of verified information between institutions, enterprises, and many more. The ESBI was established back in 2019 to develop a distributed ledger system across numerous European communities. Apart from that, it hopes to support numerous cross-border services between different governments, businesses, and individuals.

Another set of fundamental goals looks to enhance greater mobility, reduce the waste of resources, etc. These include enforcing compliance with different regulations as well as encouraging the growth of numerous tech hubs. As a result of the actions of the ESBI, information would be transmitted throughout Europe swiftly.

IOTA Steps Into the Next Phase of EU Blockchain Pre-Commercial Procurement

The Successful Phase 2A by the IOTA Foundation

According to the assessment by the European Commission, IOTA was successful in implementing tasks for ESBI. Some of the tasks IOTA diligently engaged in included prototype development as well as lab testing. For the last 6 months, the foundation led successful prototype versions of two use cases. These cases include digital passports for digital waste recycling and electric vehicle batteries. In addition, the assessment also highlighted the scalability, sustainability, security, etc of IOTA. With everything being set aside, the foundation would now proceed to Phase 2B.

Phase 2B mainly includes final solution development and active field assessment. In this phase, the foundation hopes to complete field testing of the IOTA Stardust solution including other contracts. In addition, extending the cases used in Phase 2A would also be made possible. The Chairman of the IOTA foundation, Dominik Schiener, stated that the technology used by the firm is similar to that of the ESBI. This is the reason why the process seemed that simple.


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Bitcoin rally is strong and tempting, but maybe short-lived – here’s why

We have four reasons as to why we think you should get too excited about the ongoing rally.

Bitcoin (BTC) is up 40+% since the start of the new year. This is bringing some cheers to long-term hopefuls who believe the bear market is behind us and now is the time for growth.

But will this rally be sustained, or is it a bull trap? We think the case is stronger for it to be the latter, and here are 4 reasons why:

1. Traders are waiting for $25K to take profits

Traders, including key influencers, are all calling for a $25K BTC price (see below). This is usually a market manipulation strategy as some of them will take profits on their sub-$20K buys along the way. BTC may hit $25K, but may face huge selling pressure at that price. Given that $25K is just an 8% increase from today (not huge given the context), wait for the eventual drop before you make your investment. If you haven’t already got your investments in BTC by now (DCA or otherwise), it is better to hold off on taking a ‘long’ position for now.

2. US Fed will increase interest rates on Feb. 1

The US Federal Reserve has been increasing interest rates with the hope of reducing inflation in the market. Any announcement regarding this has always been met with volatility in financial and crypto markets. It is on track to announce an increase in rates on Feb 1. A hawkish stance (continued stance towards higher interest rates) will likely spook the markets next week and it could coincide with BTC’s rally towards $25K.

3. DXY – the US dollar index – is at a 8 month low

DXY, which attained a high of 114 last year, is now at an 8-month low near 102. Usually, BTC is inversely correlated with DXY and has been rallying in the last month as DXY has declined. Signs of a weak economy are beginning to show in the US. As global conglomerates announce job cuts, there is a fear that earnings of these companies will not be in line with expectations. When this happens, stock markets tank and DXY zooms. Earning calls are expected in the month of February.

Source: TradingView

4. The year after the bear market is usually mixed


Source: Into the Cryptoverse

We have shown this chart before. 2015 and 2019, the year after a bear market, usually had 5-6 red months. Given a strong positive start to 2023, we have to anticipate a red month soon. If February continues to be kind by any chance, March will likely be a brutal month. The best way to navigate the next quarter is 1) hold on to FOMO investments in Bitcoin and deploy them post April; 2) continue to employ DCA as a strategy to gain exposure into the asset; and 3) stay away from investing in altcoins as Bitcoin dominance continues to be lower than 45% (likely will reach 50% in the upcoming months).

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Disclaimer: This article was authored by Giottus Crypto Exchange as a part of a paid partnership with The News Minute. Crypto-asset or cryptocurrency investments are subject to market risks such as volatility and have no guaranteed returns. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.




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