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March 22, 2023

Who is Satoshi Nakamoto?

By ChainTalk TV

Article, Beginner, Bitcoin, Terms

Article

Who is Satoshi Nakamoto?

Who is Satoshi Nakamoto? This is one of the most important and unanswered questions in the crypto sphere. Many people and organizations have been linked

May 16, 2019 12:49 am

cointelegraph

OneCoin head of compliance facing 40 year sentence after US extradition

The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws.

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OneCoin head of compliance facing 40 year sentence after US extradition

The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws.

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Yolo Group, Sport Republic and Southampton FC kick off ‘The Future of Football’ challenge

Southampton Football Club, with Sport Republic and Yolo Group, kick off The Future of Football challenge with ten web3 and sport tech startups. The Future of Football challenge officially launched this week with an event at St Mary’s Stadium in Southampton. In the following four-week virtual program, teams will rapidly test and pilot their solutions,

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Shiba Inu Whales Load up on Over 1 Trillion $SHIB Amid Shibarium Testnet Hype

Some of the largest whales on the Ethereum ($ETH) ecosystem have accumulated over 1.2 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) just days after dumping 10 trillion tokens on the market after the launch of the Shibarium testnet. Blockchain data, first flagged by whale monitoring service WhaleStats, has revealed that the buying came

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SpankChain’s Crypto Payment Service for the Adult Industry Shuts Down

SpankPay shuts down after failing to find a new payment provider after Wyre terminates agreement.

cointelegraph

‘Crypto FUD’ — Industry outraged as White House report slams crypto

The report included 35 pages seemingly aimed at debunking the merits of crypto assets.

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‘Crypto FUD’ — Industry outraged as White House report slams crypto

The report included 35 pages seemingly aimed at debunking the merits of crypto assets.

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Ripple (XRP) Price Jumps 20%, Why Is XRP Price Up Today?

Since Monday, the price of Ripple has been on an upward trend, rising in tandem with the price movement of

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11th Global Blockchain Congress by Agora Group Took Place on March 6th & 7th at Sofitel Dubai The Obelisk

The 11th edition of the prominent Global Blockchain Congress by Agora Group that took place on March 6th & 7th, 2023 at Sofitel Dubai The Obelisk, UAE, was a huge success. This edition’s main theme was: Resiliency and Adaptability, which brought an A-list speakers, some of the industry’s top-level experts, providing the most reliable insights. … 11th Global Blockchain Congress by Agora Group Took Place on March 6th & 7th at Sofitel Dubai The Obelisk Read More »

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Crypto Casinos Online: The Safest Place to Gamble?

As cryptocurrencies continue to gain popularity, more and more online casinos are starting to accept them as a form of payment. Crypto casinos, as they’re commonly known, offer a unique gambling experience that combines the excitement of traditional casinos with the security and anonymity of cryptocurrencies. But with all the security concerns surrounding cryptocurrencies, is … Crypto Casinos Online: The Safest Place to Gamble? Read More »

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5 Alternatives To Shiba Inu With High Growth Potential in 2023

Shiba Inu (SHIB) has gained popularity in the cryptocurrency market due to its meme-inspired theme and outlandish performance. However, some investors may seek more exciting alternative altcoins that still have the potential to go to the moon. In this article, we will explore five alternative altcoins with different use cases and greater growth potential. DigiToads … 5 Alternatives To Shiba Inu With High Growth Potential in 2023 Read More »

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Crypto Expert Forecasts for 2023 Look At Litecoin (LTC), Solana (SOL), and TMS Network (TMSN)

Market Stalwarts Litecoin (LTC) and Solana (SOL) started 2023 with a solid bullish trend, making appreciable gains in the first six weeks of the new year. With prices now recovering as the quarter draws to a close, investors are drawn to the higher earning potential of TMS Network (TMSN), a decentralized exchange ready to grow … Crypto Expert Forecasts for 2023 Look At Litecoin (LTC), Solana (SOL), and TMS Network (TMSN) Read More »

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ApeCoin [APE] fails to bulge as more APE are staked; details inside

Over 2 million ApeCoin was added to the pool for staking on March 20 APE price movement has, however, remained lackluster as APY decreased With an enticing Annual Percentage Yield (APY), ApeCoin[APE] unveiled its staking feature in December, and it immediately drew over $30 million in bets on the first day. Despite the passage of

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises

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Tips for Playing Online Slots in Canada

The post Tips for Playing Online Slots in Canada appeared first on Coinpedia Fintech News Online slots are among the easiest games to play in an online casino. They don’t have many rules that you have to master before playing. It is a game of luck. You spin the reels and hope the symbols match. The matching symbols also come with different pay lines. Ensure you understand the various symbols …

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Ethereum (ETH) Price Prediction 2023 — Will ETH Hit $2600 Soon?

In Ethereum (ETH) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ETH to analyze

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Institutional Investors Dump $BTC and $ETH Products While Increasing Bets on $XRP, $SOL, and More

Institutional investors have dumped cryptocurrency investment products offering them exposure to top digital assets like Bitcoin ($BTC) and Ethereum ($ETH) over the past week, but have notably kept raising bets on products offering exposure to altcoins like $XRP, Solana ($SOL), Litecoin ($LTC), and Polygon ($MATIC). According to CoinShares’ latest Digital Asset Fund Flows report, this

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‘Operation Choke Point 2.0’ may have contributed to SVB’s collapse: Mulvaney

While the existence of “Operation Choke Point 2.0” has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy.

cointelegraph

‘Operation Choke Point 2.0’ may have contributed to SVB’s collapse: Mulvaney

While the existence of “Operation Choke Point 2.0” has not been confirmed, Mick Mulvaney spoke of “rumors” of its existence and the potential side effects of such a policy.

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First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business Day

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Will Djed make the most of stablecoin turmoil? Here’s what the metrics say

Djed didn’t lose its USD peg during the recent turmoil in the stablecoin market, Djed’s TVL saw gains of 17% since the USDC depegging saga, Cardano’s [ADA] stablecoin Djed, which launched earlier this year, may soon expand to other layer-1 networks like BNB Chain [BNB] and Ethereum [ETH]. Read Cardano’s [ADA] Price Prediction 2023-24 The CEO of

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Bitcoin Price Will Hit $50,000 In Under A Year, This Economist Says

Bitcoin price could see a boost amid a widespread financial crisis that has already led to the collapse of several banking giants and put many others at risk, according to Raoul Pal, Real Vision CEO and a former hedge fund manager. Pal sees the current situation as a potential opportunity for Bitcoin to establish itself

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Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis.

cointelegraph

Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis.

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ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak

Before this sale, ARK Invest owned 9.9 million shares of the crypto exchange worth $575 million.

cointelegraph

Magic Eden launches marketplace for Bitcoin Ordinals

It’s one of the first major NFT marketplaces to join the Bitcoin Ordinals fray, which as of March 21 boasted 567,087 inscriptions.

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Magic Eden launches marketplace for Bitcoin Ordinals

It’s one of the first major NFT marketplaces to join the Bitcoin Ordinals fray, which as of March 21 boasted 567,087 inscriptions.

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EVG and HK01 a Collaboration

EVG and HK01 Envision a Strategic Collaboration at the Inaugural Web3 Investment Summit.

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Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers,

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Ethereum Price Analysis & Prediction (Mar 21st) – ETH Taps $1.8k After a Weekly 14% Gains, Charges For More Highs

Ethereum continues to show strength after reversing in the past week. The price dropped throughout yesterday but recovered today with a 1.8% jump. It looks to tap more highs in the coming hours. After bouncing sharply off the $1,371 level on March 10, ETH recovered higher and increased significantly by more than 20%. The price

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Crypto Fear and Greed Index Surges to Highest Level This Year Amid Rising Optimism

The Crypto Fear and Greed Index, which serves as an aggregate for investor confidence and attitude towards the market has reached its highest level this year, indicating growing optimism and confidence among cryptocurrency investors. The index which ranges from 0 to 100 and is based on factors such as volatility and trading volume, has surged

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Dogelon Mars Price Analysis & Prediction (Mar 21st) – ELON Rejects Price at Weekly Resistance but Forms Bullish Pattern

Dogelon Mars has joined other meme coins in this week’s recovery, rising by almost 12% in a week. It has formed a bullish pattern and seems ready for a surge in volatility, but the $0.00000039 resistance is suppressing positive actions. Following last week’s rebound, which led to the current gains across the crypto industry, Elon

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What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…

Ethereum’s gas fees reached a one-month low, inspiring renewed interest. NFT activity and validator numbers surge, but whales’ ETH concentration remained a concern. The Ethereum [ETH] network, despite its popularity, has been known to drive away users due to the high gas fees required to make transactions on the network. Is your portfolio green? Check

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Bitcoin Price Analysis & Prediction (Mar 21st) – BTC Resumes Bullish After Correction, is $28k The Next Level to Watch?

After two-week of meltdowns, Bitcoin found solid support and started to show strength. The price has recovered fully over the past days as it resumes trading above $26k. Bitcoin started to recover last week following a quick bounce from $19.6k, which happened to be its lowest price in two months. It further pushed higher and

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Trader Made 16,000% profit in Ladder Monopoly NFT Trading Competition

The monopoly game hosted by Ladder Protocol has come to an end. It resulted in a $1.12M trading volume with 5625 transactions made, and $599.95K worth of tokens and NFTs TVL. Our top 10 placements on the leaderboard for Top Asset Value start at $8.44K and goes all the way up to our first-place leader

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Core Scientific to Send $20M Worth of Mining Equipment to Settle Payment Dispute

Judge David Jones obliged Core Scientific to transfer $20.8 million worth of equipment to Priority Power Management.

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Cathie Wood’s Ark ETF sells $13m in Coinbase for the first time since July

Ark Invest has been buying Coinbase stock for months despite turmoil in the sector.

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President's Economic Report Blasts Crypto for 'Ignorance of Basic Economic Principles'

Innovation in digital assets is "mostly about creating artificial scarcity," the White House says. "Many of them have no fundamental value."

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Biggest Potential Gainers Of 2023: Analysts Name Monero (XMR), Fantom (FTM) and Orbeon Protocol (ORBN)

As we move into 2023, the cryptocurrency market continues demonstrating its vast potential, with multiple digital assets poised to yield significant gains for investors. Among these standouts, analysts are spotlighting Monero (XMR), Fantom (FTM) and Orbeon Protocol (ORBN) as the biggest potential gainers this year. In particular, Orbeon Protocol (ORBN) is revolutionizing the world of

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Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary

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Sushi DAO in Hot Water: Head Chef Requests $3 Million USDT For Legal Defense Fund

The Securities and Exchange Commission (SEC) has issued a subpoena to Sushi DAO and its “head chef,” Jared Grey, as part of the regulator’s ongoing efforts to scrutinize the decentralized finance (DeFi) industry and cryptocurrencies. The news was announced in a blog post on the Sushi Forum. Related Reading: OKX To Close Operations In Canada

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Apecoin News Falls Stagnant Against AI Crypto Projects Fetch.ai and Avorak AI

The crypto market has seen a rise in the development of AI cryptocurrencies. These projects are gaining momentum and attracting more users as some traditional cryptocurrencies struggle to keep up. As Apecoin news falls stagnant in the crypto world, AI crypto projects like Fetch.ai and Avorak AI are gaining more recognition and investors. Apecoin news

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Looking at Some Unanswered Signature and Silvergate Bank Questions

It seems the crypto industry still has some questions about Signature and Silvergate’s shutdowns.

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Massive Shiba Inu Whale Moves Nearly 25 Trillion $SHIB off of Crypto Exchange

A massive cryptocurrency whale has moved nearly 25 trillion tokens of the meme-inspired cryptocurrency Shiba Inu ($SHIB) off of a cryptocurrency trading platform’s wallet and into a wallet they control over six different transactions in a single day. According to data from Ethereum blockchain explorer Etherscan, pointed out by analytics firm Santiment, the whale’s address

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Iris Energy: Winning The Race Against Time?

Summary Iris Energy has survived the crypto winter and is guiding for 5.5 EH/s in Q2. The company projects itself to be a top 5 public miner by production capacity. If I can achieve production projections, I think it would be wise to adjust treasury strategy before the halving. Iris Energy ( IREN ) is a Bitcoin ( BTC-USD ) mining stock that I've covered previously on three different occasions: A Way To Play Bitcoin's Eventual Turnaround Execution and Production Look Strong Things Have Changed For a more in-depth look at my thoughts on Iris, I'd encourage reading each of those previous articles. Brief Summary Iris attempted an aggressive scaling of BTC production capacity last year and quickly grew from 0.9 EH/s in April to 3.9 EH/s by the end of October. The problem the company ran into was the scaling attempt essentially came at the worst possible time as BTC's price fell dramatically following the collapses of Terra Luna ( LUNC-USD ), Celsius ( CEL-USD ), and FTX ( FTT-USD ). What arguably made matters worse for many in the Bitcoin mining space was an increase in electricity costs that crushed mining profitability and pushed many over-levered miners into insolvency. While I think many would agree Iris did a better job managing its balance sheet than certain mining peers, the loss of machines that were collateralized through special purpose vehicles sort of put Iris back to square one and without any BTC in treasury due to the company's production liquidation strategy. With roughly a year remaining until the next Bitcoin halving, mining companies are running out of time to acquire as much BTC as possible before the block reward is chopped from 6 BTC down to 3. Iris Updates In February, Iris reported $13.8 million in earnings for the 2nd quarter of its 2023 fiscal year. This was a 15% quarter over quarter revenue decrease which the company attributed to declining Bitcoin prices and the decreased number of Bitcoin mined in the period. This was coupled with increases in electricity, site, and corporate costs that resulted in $17.7 million in negative operating income for the quarter: Operating Income (Seeking Alpha) Earlier this month Iris disclosed 156 BTC mined and 1.7 EH/s of operating capacity as of the February production update. Shortly after that February production update, Iris announced that the company has started installing additional machine deliveries that will ultimately take the company's operating exahash from 1.7 EH/s to 5.5 EH/s. The majority of which will be coming online shortly : 160MW of data center infrastructure (supporting ~4.9 EH/s) is available immediately, with commissioning of the first 20MW at Childress (supporting the remaining ~0.6 EH/s) expected in the coming months. If Iris is able to execute on bringing these machines online, it will make the company a top 5 public miner by monthly production capacity : Production Guidance (Iris Energy) Note, this slide does not include Core Scientific ( OTCPK:CORZQ ) which still had the largest mining capacity as of February but is currently going through bankruptcy . Revenue Modeling Aside from energy costs, Bitcoin prices, and potential regulatory risk that comes from mining in jurisdictions that are unfriendly to crypto, the major headwind that is shared by all of these public miners is the block reward halving that is roughly a year away. If Iris can execute on scaling goals and achieve 5.5 EH/s in Q2, the company projects annualized revenue generation of $94 million at a $25k BTC price: Revenue Projection (Iris Energy) So far in 2023, Iris has generated 328 Bitcoin at an average EH/s of 1.6. At the company's current BTC per EH/s levels, 5.5 EH/s per second could generate a little under 568 BTC per month assuming global hash rate remains at levels similar to where they have been over the last two months. Global Bitcoin Hash Rate (CoinMetrics) This is not a sure thing however as I expect global hash rate will likely continue the broad trend higher. To estimate Iris' revenue at full 5.5 EH/s capacity requires an additional input; how much BTC Iris can mine per exahash. Over the course of the last 12 months, the company's BTC per EH/s has varied considerably but has generally been somewhere between 115 and 130. Given the current global hash rate trend and the increasing Bitcoin price possibly bringing more miners back online, I'd take a more cautious view when assessing BTC per EH/s expectations: Monthly Revenue from 5.5 EH/s BTC production Bitcoin Price BTC per EH/s $20,000 $25,000 $30,000 $35,000 $40,000 85 $9,350,000 $11,687,500 $14,025,000 $16,362,500 $18,700,000 90 $9,900,000 $12,375,000 $14,850,000 $17,325,000 $19,800,000 95 $10,450,000 $13,062,500 $15,675,000 $18,287,500 $20,900,000 100 $11,000,000 $13,750,000 $16,500,000 $19,250,000 $22,000,000 105 $11,550,000 $14,437,500 $17,325,000 $20,212,500 $23,100,000 110 $12,100,000 $15,125,000 $18,150,000 $21,175,000 $24,200,000 Source: author projections If we assign a base case of 90 EH/s at a $30k BTC price, Iris is looking at roughly $14.9 million in monthly revenue, or $44.6 million per quarter if the company continues to sell production. Measured in Bitcoin, this base case guess could generate 1,485 BTC per quarter if the company decides to pivot to a HODL strategy at any point before the halving. Main Takeaway Though Iris has been very clear about liquidating production to fund operations, at some point the company may want to re-examine that approach before the Bitcoin halving next year. When the block reward is cut, revenue from mining will drop off dramatically unless the price of BTC moves up considerably. If that happens, it would behoove companies like Iris Energy to have some BTC in treasury that it can sell post-halving. At current EH/s levels, it's unlikely that Iris will be able scale a HODL stack that compares to companies like Riot Platforms ( RIOT ) or HIVE Blockchain ( HIVE ) should it choose to pivot its balance sheet management in anticipation of the halving. But even in the event that it doesn't pivot the treasury management strategy, Iris stock should benefit greatly from production expansion in the coming months if it can hit its timelines.

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Hacker vs Hacker: North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say

The wallet that stole $200 million in crypto from DeFi protocol Euler Finance was the target of an apparent phishing campaign from North Korean hackers, according to analysts.

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Bitcoin Is Beginning Its Next Long-Term Uptrend

Summary Bitcoin's past six months of price action closely resemble its 2014 Mt. Gox bear market. This pattern suggests Bitcoin has entered the next bull phase of its global monetary adoption process. According to this forecast, early-2023 is the third-best Bitcoin buying opportunity of all time. During the next 1.5 years, Bitcoin's price should accumulate with an upward bias, supported by the 30-week Simple Moving Average and the Power Law bands. Bitcoin ( BTC-USD ) is in its most transformational period ever . The aggregate fundamental, technical, economic, and geopolitical dynamics suggest Bitcoin is beginning a new long-term uptrend. According to Bitcoin's past decade of cyclical price action, Bitcoin's current bull market began in November 2022 and is due to peak in early-2025. BTC:USD - 1W, Elliott waves, Power-Law bands, 30W-SMA, Technology Adoption stages (TradingView 3/16/2023) Therefore, future successful cryptocurrency investors should identify the winning protocols now . This article extrapolates global economic and technological trends to determine Bitcoin's long-term price targets. Bitcoin Is At An Inflection Point; 2023 = 2015 Bitcoin is a next-generation technology with intense growth potential. As indicated by Bitcoin's accelerating total wallet addresses , the adoption of Bitcoin's cryptographic verification technology is exponentially increasing . Bitcoin: Total Active Addresses (LookIntoBitcoin) Bitcoin's technical, on-chain, and cyclical charts are synergistically bullish. Most of the 50+ data visualization charts from LookIntoBitcoin suggest BTC is trending deeply bullish from long-term bottom support at $15,500. The Puell Multiple, Value Days Destroyed, RHODL ratio, MVRV Z-score, and Pi Cycle Top indicators suggest Bitcoin has two years of potential upside. Bitcoin: Value Days Destroyed (LookIntoBitcoin) Bitcoin's bullish price action and positive user growth metrics pair nicely with geopolitical headwinds that can sustain Bitcoin's growth in the long term, including: Sustained high inflation: due to ever-increasing government debt ceilings, I expect global fiat currency inflation will stay over 4% until a Great Depression in 2030. State-funded virtualization: central banks worldwide are cooperating to create digital currencies, IDs, and smart cities . Increased information censorship: Unfortunately, internet censorship continues to increase. Eventually, this oppression will likely spread to money through CBDCs, causing mass-frustrated citizens to flock to Bitcoin. Therefore, the total data suggests Bitcoin is experiencing an inflection point in its global monetary adoption process. Bitcoin is here (Author) Human technology adoption follows a 5 stage growth pattern of Innovators, Early Adopters, Early Majority, Late Majority, and Laggards. Similarly, global monetary adoption follows a 4 stage pattern. As monetary adoption proceeds, public perception of the underlying asset shifts between Collectible, Store of Value, Medium of Exchange, and Unit of Account. As technological and monetary adoption are both fueled by human cognition, each stage of the adoption process has correlating ideals and principles. Inflection points in the technological/monetary adoption process occur alongside drastic changes in public perception. During 2012 - 2015, Bitcoin was widely perceived as a Collectible. Consequently, Bitcoin was sold on 'Mt. Gox,' a website for digital trading cards. During 2015 - 2022, Bitcoin was perceived as a Store of Value. During this period, we have seen the rise of centralized cryptocurrency exchanges, Bitcoin investment products, altcoins, and DeFi. During 2022 - (unknown), Bitcoin will be seen as a Medium of Exchange. Going forward, people will increasingly use Bitcoin to buy and sell goods. Each 'inflection point' in technological/monetary adoption is a cycle of death and rebirth that causes the underlying asset to grow stronger. Bitcoin's previous inflection point occurred between 2014 to 2015 when Bitcoin left its Early Adopters Stage. This shift in public perception caused Bitcoin to evolve from a Collectible into a Store of Value. Bitcoin Golden Ratio Multiplier, Technology / Monetary Adoption Inflection Points (LookIntoBitcoin 3/17/2023) Currently, Bitcoin is experiencing its second inflection point. Bitcoin is leaving its Early Majority stage and entering the Late Majority stage of its technology adoption process. Simultaneously, Bitcoin is monetarily evolving into a Medium of Exchange. Over the next two years, I expect Bitcoin's daily user count will grow drastically to reflect this inflectional shift. Bitcoin User Metrics (BuyBitcoinWorldwide) To determine Bitcoin's long-term price targets, we further analyze Bitcoin’s Elliott wave patterns, previous bull markets, and the 30-week Simple Moving Average and Power-Law bands. Bull Markets Climb A Wall Of Worry; Bitcoin Bottom = $15,500 Fundamentally, Bitcoin's price action follows Elliott wave chaos patterns. 'Elliott waves' are cyclical and estimable patterns of mass human emotion. Elliott waves are fractal , appearing chaotic on short timescales and ordered on long timescales. To trade Bitcoin (or any asset) successfully, it is essential to identify the highest timescale Elliott waves. To begin, Bitcoin's Daily chart completed a significant A-B-C wave corrective bottom with its November 21st, 2022 crash to $15,500: BTC:USD - 1D, Elliott Waves (TradingView 3/16/2023) Zooming into Bitcoin's Weekly chart, we can see that Bitcoin's 2022 downtrend is a correction in Bitcoin's all-time bull trend . Bitcoin's -78% decline from $68,984 to $15,500 fits precisely as Bitcoin's third bull market correction. Bitcoin's Weekly Elliott waves, Power-Law bands, previous bull markets, the 30-week Simple Moving Average, and the Technology/Monetary adoption inflection points provide the whole picture: BTC:USD - 1W, Elliott waves, Power Law bands, 30W-SMA, Technology / Monetary Adoption stages (TradingView 3/16/2023) Shown above, Bitcoin's 2022 downtrend was the 'death' of its Early Majority stage. This death is visually observable as the completion of Bitcoin's 2012 - 2022 Elliott wave pattern. Bitcoin's 2022 downtrend effectively killed all unnecessary Early Majority-era investment narratives and concluded a decade-long bull trend. Furthermore, Bitcoin's Power-Law bands show that only during the 'Mt. Gox' fiasco in 2014 were conditions equally bearish to 2022. This is because 2014 was Bitcoin's previous technology/monetary adoption 'inflection year.' Therefore, Bitcoin's 2022 low may become Bitcoin's 3rd best buying opportunity ever. As of early-2023, Bitcoin is in another process of rebirth . Bitcoin is climbing from its 2022 pit of death into its next bull cycle. Alongside this, the human perception of Bitcoin is evolving. BTC:USD - 1W, Elliott waves, Power Law bands, 30W-SMA, Technology / Monetary Adoption stages (TradingView 3/16/2023) I believe Bitcoin is in the bullish accumulation range of its next long-term uptrend. During this phase, the 30-week Simple Moving Average and the Power-Law bands typically act as support. Investors who buy dips on these indicators (without leverage) should outperform over the next two years. BTC:USD - 1W, 30-week SMA vs Power Law Trend (TradingView 3/16/2023) According to Bitcoin's past decade of cyclical price action, the next long-term top should occur within two years , peaking at $100k - $500k between March - April 2025. Bitcoin Downside Risk - Traders Must Stay Alert Although Bitcoin is bullish in the long term, there is still a very high downside risk. More 'black swans' can and will occur! When they do, I believe they should be bought. For this reason, it is essential to keep cash on the sidelines and begin dollar-cost-averaging now. Shown below is TrendSpider's automated Daily trendline analysis. Bitcoin is currently near the top of an expanding triangle at $28k/BTC. If Bitcoin breaks $28k, it can move higher to $32k. Conversely, if $28k holds as resistance, then Bitcoin can fall to $24k, $20k, or $18k. BTC:USD - Daily trendlines (TrendSpider 3/19/2023) Conclusion Bitcoin is experiencing its most transformational period ever . Public perception of Bitcoin is changing. Consequently, this should have a bullish impact on price. Bitcoin's fundamental, technical, cyclical, economic, and geopolitical dynamics are bullish in the long term. However, short-term market conditions remain bearish. For this reason, investors should stay nimble, begin dollar-cost-averaging now , and remain patient for any dumps to the 30-Week Simple Moving Average or Power-Law bands.

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Litecoin: On LTC’s underperformance, upcoming halving, and block readiness

A large percentage of blocks are ready for the Litecoin halving LTC declined following the broader market rise, but its value could increase in the long term According to the Litecoin [LTC] halving tracker, the event would be held on 2 August 2023. But with 133 days to go, only a few things might be

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WOO Network’s price prediction improves as AltSignals eyes a new all-time high

The cryptocurrency market is having an excellent start to the year. Prices of most cryptocurrencies have improved in recent months, with Bitcoin reaching a high of $28,400 earlier this week, for the first time since June 2022. Niche-specific coins such as WOO Network are not left out, as it is up by more than 40% The post WOO Network’s price prediction improves as AltSignals eyes a new all-time high appeared first on Invezz .

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XRP Skyrockets 28% Following Speculation Of Ripple’s Victory In SEC Lawsuit

XRP has gained more than 28% over the past 24 hours thanks to a Notice of Supplemental Authority filed by Ripple. The letter highlighted a recent ruling related to crypto and securities, and is expected to strengthen Ripple's defense in the legal battle against the SEC.

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White House Takes Aim at Crypto in Scathing Economic Report

The report, authored by the White House Council of Economic Advisers, laid out a number of issues seen within the digital asset ecosystem.

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Crypto.com Customer Whose Partner Mistakenly Received $10.5M Has Been Granted Bail

The judge believes Singh cannot flee the country as his passport will be confiscated until the trial is over.

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Gaming Giant Nexon Taps Polygon for NFT Game MapleStory Universe

Cute and on-chain: the massive MapleStory franchise will enter Web3 with its own dedicated Supernet on Ethereum scaling network Polygon.

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Why Bitcoin Could Be Ready For Its Most Powerful Rally In Years

Bitcoin price is trading at more than $28,000 per coin and is up nearly 78% year-to-date in 2023. This could only be a mere glimpse of what’s to come, which could ultimately be the biggest rally in crypto in several years – even beating the performance of the 2020 bull run. Here is what Elliott

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Hard Times For SpankPay: Sex Worker-Led Crypto Payment Platform Forced To Close Shop

Crypto payment platform SpankPay shut down operations following a breakup with its key partner, payment infrastructure company Wyre. Via their official Twitter handle, the team behind the platform claims that Wyre walked out of their partnership on purpose. Related Reading: Why Ethereum Could See Further Rise After Bitcoin Rally Ends As often in the past,

cointelegraph

Coinbase teams up with Brazilian central bank’s Pix to offer expanded services

Brazilians will have more options for trading in crypto and better customer service as the United States-based exchange partners with the popular instant payment app.

cointelegraph

Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.”

cointelegraph

Web2 giants coming into Web3 could benefit ecosystem — PBW founder

Paris Blockchain Week founder Michael Amar believes large Web2 companies entering the Web3 space bring resources capable of increasing mass adoption.

cointelegraph

CCP Games secures $40M funding for upcoming Web3 game

The financing was led by venture capital firm Andreessen Horowitz, with participation from Makers Fund, Bitkraft, Kingsway Capital and Hashed, among others.

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Sushi sets up legal defense fund after SEC subpoenas head chef Jared Grey and DAO itself

The DAO said it would not be commenting on “ongoing legal investigations,” but its existing $100,000 defense fund was apparently not enough.

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Why is XRP price up today?

XRP price rallied by 20% as investors grew optimistic about Ripple winning its case against the SEC.

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Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment.

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Bitcoin holds $28K due to spot buying, but institutional investors are still selling

BTC price continues to show bullish momentum, but institutional investors selling and the absence of whale buyers threaten to weaken the current rally.

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Bitcoin hits new 9-month highs above $28K as markets flipflop over FOMC

Bitcoin price action targets $28,500 with “all classes” buying BTC, but the odds of the Fed pausing rate hikes are decreasing by the hour.

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CryptoUK calls on regulators to address de-banking of digital asset firms

The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.”

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Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop

Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23.

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IRS calls for public feedback on taxing NFTs as collectibles

Those wishing to offer feedback to the IRS on having NFTs treated as collectibles, such as coins or works of art, have until June 19 to submit comments.

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Swedish pension fund Alecta dumps First Republic Bank shares after price plummets

The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.

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Why is Bitcoin rising amid collapsing banks? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Bitcoin is rising and why banks are collapsing.

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Anonymous DAO tomi raises $40M for 'surveillance-free' internet

The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet.

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Congressional privacy proposals could kill scores of blockchain projects

Lawmakers may be on the brink of scaring blockchain projects into moving offshore or causing them to shut down altogether.

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DeFi insurance payouts amounted to $34.4M in 2022: Report

Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover.

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These 3 Cointelegraph Markets Pro alerts generated a cumulative profit of over 100%

NewsQuakes™, Twitter Volume and Most Active On-Chain alerts helped Cointelegraph Markets Pro users find three assets that had big moves.

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7 real-world cloud computing examples to know

From streaming videos to cloud storage solutions, cloud computing has become an integral part of our everyday lives.

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ZenGo uncovers 'red pill attack' vulnerability in popular Web3 apps

The vulnerability has since been patched, although it affected several leading transaction simulation vendors.

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Neal Stephenson on the metaverse: ‘It’s happening in a different way’

Author Neal Stephenson said that many Web3 problems come from projects wanting to financialize everything very quickly.

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Mt. Gox creditor saga: What lessons has the Bitcoin community learned?

The downfall of Mt. Gox continues to highlight the importance of greater transparency and accountability within the cryptocurrency industry.

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Yellen defends government intervention to avoid another SVB

The U.S. Treasury Secretary Janet Yellen said the federal government would intervene if necessary to protect other small lenders.

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Best and worst countries for crypto taxes — plus crypto tax tips

So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth.

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Web3 a hot topic at SXSW despite bear market and declining interest in NFTs

Web3 was a major theme at SXSW 2023, yet previous hype around NFTs and building during a bear market may be contributing factors to Web3 adoption.