Cathie Wood says crypto had “nothing to do” with SVB and Signature Bank collapses.Rather, it’s Fed policy that “caught many regional banks offside.”According to her, the banks suffered as a result of assets/liability mismatch.Cathie Wood, the founder and CEO of ARK Invest, says <a href="https://coinjournal.net/cryptocurrencies/">crypto</a> isn’t responsible for the failed Silicon Valley Bank (SVB) and Signature Bank, which was <a href="https://coinjournal.net/news/new-york-banking-authorities-shut-down-crypto-friendly-signature-bank/">shut down</a> by US authorities last Sunday.Rather, she contends that the bankruptcies of Silicon Valley Bank and Signature Bank were a result of the Federal Reserve’s policy. She believes that the lack of venture capital funding and higher yields on money market funds led to a reduction in deposits in the US banking system, contributing to the banks’ financial troubles.Wood: the Fed caught many regional banks offsideAccording to the highly respected asset manager and investor, the banks’ struggles are not due to crypto but down to regulatory and systemic issues, with many banks caught unawares after the surplus money flows of the COVID-19 era.“<em>Crypto had nothing to do with the banks’ investment decisions, nor the Fed’s decision to jack up interest rates 19-fold in less than a year. Incorrectly assuming that it was fighting a seventies-style inflation, the Fed caught many regional banks off sides with unrealized losses</em>,” she argued.In a <a href="https://twitter.com/CathieDWood/status/1636178306209923072">Twitter thread</a> posted on 16 March, the ARK Invest executive noted that despite the yield curve inverting in July 2022, and with credit default swaps “<em>flashing red</em>”, the Fed maintained its upward rates trajectory. In her view, the Fed failed to take note of unwinding inflation indicators, including commodity prices. “<em>I am baffled that banks and regulators could not convince the Fed that disaster loomed. Did they not understand that the asset/liability mismatch – normal in most circumstances for banks – was untenable as deposits left the banking system for the first time since the 1930s?</em>,” the ARK Invest CIO added.The asset/liability duration mismatch – securities earning only 1-2% vs. deposits paying 3-5% – became untenable as deposits started leaving the system. Like SVB, some banks were forced to sell HTM securities, recognizing losses that depleted their equity accounts.— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1636178312841003008?ref_src=twsrc%5Etfw">March 16, 2023</a>Commenting on what happened last week, with the government shutting Signature Bank after SVB’s collapse, Wood says that all this is just about regulators trying to scapegoat crypto. In her opinion, cryptocurrency is “<em>the solution to central points of failure, opacity, and the regulatory mistakes</em>.”Wood’s comments came as House Republican Whip Rep. Tom Emmer, said he had written to FDIC Chairman Martin Gruenberg about reports the agency was “weaponizing” the instability witnessed in the banking sector to purge cryptocurrency activity from the United States. If you are correct, Congressman, then the FDIC and others will prevent the US from participating in the most important phase of the internet revolution. Like you, I believe regulators are using crypto as a scapegoat for their own lapses in oversight of traditional banking. <a href="https://t.co/UDh3bwB2pB">https://t.co/UDh3bwB2pB</a>— Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1636178266510721024?ref_src=twsrc%5Etfw">March 16, 2023</a>Wood believes this scapegoating could see the US miss out on what is likely the most important innovation so far.The ARK Invest CEO also commented on the overall market performance of cryptocurrencies amid the banking sector fallout. According to her, crypto acted more like safe haven assets as bank stocks tanked.As highlighted <a href="https://coinjournal.net/news/bitcoin-hits-26k-as-investors…

BitDAO’s BIT price was little changed on Thursday after the developers unveiled a new proposal for adjusting Bybit’s contributions to its treasury. The goal of this proposal will be to improve the token’s tokenomics and lead to more decentralization. BitDAO proposes new Bybit contribution mechanismIn a statement, BitDAO, one of the biggest decentralized autonomous organizations (DAO), said that a core contributor had submitted a key proposal that will change its tokenomics. The proposal primarily targets the contributions made to Bybit, one of the biggest cryptocurrency companies in the industry. The main part for the new adjustment will be to modify the Bybit contributions from a dynamic exchange-linked amount to a fixed scheduled amount for over 4 years. The schedule will start at 120 million BIT per month. To boost its tokenomics, the amount will halve every year. Further, the new changes will help to retain Bybit’s contributions in the community instead of burning them. Burning is a process of removing tokens from circulation by locking them in an unopenable or inaccessible account. Why this upgrade mattersThe upgrade will have numerous outcomes. For one, it will help to increase the stability and predictability of BIT’s tokenomics. This will happen by having a clean schedule of Bybit’s activities going forward. Further, it will lead to more decentralization of BIT’ holdings and overall governance. Most importantlt, it will reduce the number of BIT in circulation from about 6 billion to 3.3 billion in the next few years. Reduced supply of tokens tends to have a positive impact on a crypto token’s price. At the same time, BitDAO will have a 1.8x boost for its economics and voting power.Bybit is an important part of BitDAO’s community. Over the years, it has contributed over $600 million USDT/USDC and 177k Ethereum to BitDAO Treasury. The statement said:“BitDAO will continue to partner with Bybit in terms of product ideation, bootstrapping product development, BIT integration, and product distribution.”The post BIT price flat as BitDAO seeks to change Bybit’s contributions to treasury appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/ai0ue4q

ETHUSD soared to a new high for the year The move was not related to the US dollar$2,000 is a pivotal level for the pairLess than one week before the Federal Reserve (Fed) meeting, the cryptocurrency market reached new highs for the year. ETH/USD, for instance, just made a new high, trading close to $1,800.It was not because of a soft dollar. Just the contrary, the dollar has been bought across the FX dashboard while the leading cryptocurrencies made a new high for the year. Therefore, investors might find the current levels too depressed and think it is worth investing in.What does the technical picture show for Ethereum now that it has made a new high for the year?MediaETHUSD chart by TradingViewBullish triangle’s measured move points to more upsideETH/USD consolidated in a contracting triangle during the second half of last year. The triangle formed at the bottom of a bearish trend, and when 2023 started, the market broke above its upper trendlineTherefore, the pattern acted as a reversal.Such a triangle has a measure move given by the length of its longest segment. The second segment is the longest, as the triangle is irregular (i.e., the second segment is longer than the first one).It means that if we project the length of it from the end of the triangular pattern, we can find the measured move around $2,200. Moreover, it means that the market should move above the pivotal $2,000 level.On the flip side, the bullish scenario would be invalidated should Ethereum reverses and moves below $1,200.It would be curious if the market would remain uncorrelated with the US dollar. That should concern crypto traders, given that the Fed March meeting is due next week.The post ETH/USD price forecast after reaching a new 2023 high appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/Ioxm5AX

Blur is currently the king of NFT marketplaces after it dislodged OpenSea from the top position.Several fake websites have come up after the Blur NFT marketplace announced its airdrop program.The fake websites have so far scammed users about $300,000.TrustCheck, a free, zero-click browser extension that scans Ethereum-based web3 transactions for threats, and stops them in their tracks, has revealed that unsuspecting users have been scammed over $300,000 by fake websites posing as Blur airdrop websites.The scammed users have linked their crypto wallets to malicious wallets. One of the malicious website URLs is said to have faked the ETH Denver conference website and is linked to a notorious phishing wallet address that has stolen over $300,000 to date.Blur AirdropThe real Blur NFT marketplace platform is a newcomer in the NFT marketplace industry and has made headlines by surging to the top position after unseating the OpenSea NFT marketplace and forcing it to implement limited-time 0% fees. Blur has had a boom in user numbers and trading volume buoyed by the platform’s three-phase BLUR token airdrop incentive scheme.Blur conducted its first airdrop awarding BLUR tokens to anyone who traded NFT on Ethereum for the six months leading to the launch of the Blur platform in October 2022. The second airdrop awarded BLUR tokens to traders who listed NFTs on the platform before December 6. The third airdrop which is currently ongoing seeks to award BLUR tokens to users depending on their activity on the platform.From February 15, 2023, Blur started distributing 10% of its total BLUR token supply to users via Airdrops based on their trading activity.BLUR airdrop scamsThe airdrop program has led to a surge in the demand for BLUR tokens something that scammers have taken advantage of by promoting fake BLUR airdrop links that lead to malicious websites.Data shared by TrustCheck show that 24 malicious websites have been involved in the scamming scheme and some of the websites are still functional. NFT users are warned to be careful when connecting wallets to websites especially if it’s a case of the BLUR airdrop.The post Fake Blur airdrop websites steal $300k from unsuspecting users appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/oOBnmeA

Tel Aviv, Israel, 16th March, 2023, ChainwireLeading blockchain marketing agency MarketAcross has joined the upcoming Next Block Expo (NBX) as a web3 media partner. Now in its second year, the 2023 edition of the expo will welcome thousands of attendees to the Multikino Złote Tarasy venue in the Polish capital of Warsaw on the 24th and 25th of May.The strategic partnership will see MarketAcross, one of the industry’s most active blockchain PR and marketing companies, manage pre and post-event marketing efforts on behalf of the event, as well as leverage its extensive network to boost the expo’s global visibility.“MarketAcross sees Europe as one of the most interesting markets in the expanding web3 space, and we’re thrilled to continue supporting Next Block Expo and the European builder economy,” said Itai Elizur, the Managing Partner of MarketAcross. “I’m sure this year’s event will be bigger and better than the last.”Next Block Expo is an extension of a previous event series known as the Cryptocurrency World Expo, and this year’s edition will feature over 70 speakers and more than 30 sponsors, exhibitions and partners. A crowd of 2,000+ attendees is expected to witness events over the two-day expo.The schedule features a variety of presentations, keynotes, roundtables and workshops, giving startups, thought leaders and web3 investors the opportunity to discuss current challenges and emerging opportunities.As well as opportunities for in-person networking, the NBX will furnish attendees with access to a smart-networking app where they can locate contacts they need based on a match-making algorithm and schedule one-to-one meetings with other participants. The app can also be used to create a personal agenda for the conference.Elsewhere, the new NBX Pitch Arena will give web3 projects the opportunity to present their ideas and solutions to a group of specialists including VCs, accelerators, incubators and launchpads. An award ceremony will be held to honor the best projects to pitch.Last year’s expo featured representatives from the Ethereum Foundation, Polygon, Delphi Digital, Huobi and Solana, with details on this year’s speakers expected to be announced soon.About  MarketAcrossMarketAcross is the world’s leading blockchain PR and marketing firm, providing a complete end-to-end marketing solution for blockchain and web3 companies around the world. MarketAcross has helped many of the industry’s biggest exchanges and blockchain projects build their brand, among them Polkadot, Solana, Binance, Polygon, Crypto.com, Huobi, and eToro.About Next Block ExpoNext Block Expo is positioned to be one of the biggest web3 events in Europe – content rich event with multiple opportunities for networking, fundraising, lead generation & learning.NBX brings founders, investors and blockchain experts together to redefine & discover the future of web3.ContactItai Elizur, MarketAcross, itai@marketacross.comThe post Leading Blockchain PR Firm MarketAcross Named Partner of 2023 Next Block Expo appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/se9OdMg

2023 is the year predicted to be the crypto market’s comeback, with prices in the early part of the year finally beginning to rebound after the torrid time markets faced in 2022. Cryptocurrency price predictions for this year and the coming years are turning bullish, while trading signals platforms like AltSignals are reporting a vast increase in traffic as investors begin to re-open their wallets ahead of expected price increases.An example of this behavior can be found in Polygon’s price prediction, which shows a return to bullish prospects after a year of struggle. This has led to investors asking how high the MATIC token can go in 2023 and what this means for AltSignals’ new ASI token.ASI is launching during a market recoveryBitcoin (BTC) has begun 2023 in a blaze of glory, finally returning to levels over $20,000. As history has shown, where BTC leads, other currencies follow, proving to be the case again in 2023. These gains are symptomatic of a more comprehensive market recovery, which could be seen when the price of MATIC increased by more than 70% at the start of the year.<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=29">AltSignals</a> is already well-established as a market leader in crypto trading signals, boasting a community of more than 50,000 members. It has recently announced the release of a new native ASI token in a presale event that launched in March of 2023. $ASI already has significant built-in utility, which will grow with the release of its new ActualizeAI algorithm and will likely lead to high potential returns for early investors.What is Polygon?Polygon is a DeFi project designed to improve the scalability issues of Ethereum by allowing developers scope to build user-friendly, decentralized applications (dApps) and efficiently scale them to their needs. Benefits to users alongside the ease of scalability are extremely low transaction fees and excellent levels of security.Polygon’s network takes the best features of Ethereum’s blockchain and combines them with other chains to create fully-fledged multi-chain systems. This combination of features ensures that dApps fully benefit from the best parts of Ethereum’s network while providing a fast, more powerful engine for developers to utilize.Polygon (MATIC) price prediction: $2 in 2023?Analysts have been revising their Polygon price prediction upwards for 2023 following the bullish start to the year experienced across crypto markets. This manifests itself in an optimistic cryptocurrency price prediction for MATIC this year.The MATIC token is currently valued at $1.02 and the most bullish analysts aren’t ruling out a return to above $2 levels by the end of the year. However, other Polygon price predictions are more moderate, expecting a value of around $1.80 to $1.85 by the end of 2023.What is AltSignals?Already one of the largest crypto trading communities in Web3, AltSignals consistently provides its vast global community with access to the most sought-after trading signals, a feature that will be turbocharged with its new ActualizeAI capability, which uses machine learning to provide the best trading alpha. Its innovative <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=29">AltAlgo™ Indicator tool</a> is critical in producing this trading alpha, continuously scanning markets in real-time to provide intel on the optimum time to buy and sell currencies.With its intelligence capability covering all major crypto coins, including BTC, Litecoin (LTC), and Ethereum, AltAlgo™ is already a trusted provider of market indications. Backtesting of the tool boasted an outstanding 83.56% success rate on BTC trades and an excellent success rate of 70.09% on ETH trading. These results, alongside a 4.9/5 rating on Trustpilot thanks to almost 500 positive reviews, illustrate why many…

AllianceBlock builds seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure.ABO Digital is the private digital asset investment arm of Alpha Blue Ocean.The two companies have partnered to offer alternative financing for crypto projects.AllianceBlock has partnered with ABO Digital to offer tokenized structured products for institutions and crypto projects looking for alternative forms of financing. The partnership is another milestone for AllianceBlock in its quest to build seamless gateways between Traditional Finance (TradFi) and Decentralized Finance (DeFi).AllianceBlock will leverage ABO Digital’s decentralized and trustless blockchain infrastructure together with the Nexera Protocol to tokenize financial instruments.Commenting about partnership, Rachid Ajaja, the CEO of AllianceBlock said:“Through this strategic partnership, AllianceBlock is set to revolutionize the industry by leveraging its infrastructure to tokenise traditional financial instruments and new instruments for the digital asset space, taking a giant leap forward in providing institutions with a more compliant and risk-averse way to take advantage of DeFi’s benefits. This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management. The future of finance is looking brighter than ever.”  AllianceBlock and ABO Digital’s structured productsABO Digital offers a variety of structured financial products including convertible bonds, debt issuance, and warrants/options, providing the capital startups need to grow their customer and revenue base. It is also exploring the provision of alternative financial investments to institutions through tokenization.The AllianceBlock and ABO Digital’s structured products will provide crypto projects with alternative funding options like issuing tokens to market makers or venture capitalists via a Simple Agreement for Future Tokens (SAFT), to access additional liquidity from institutional capital providers with full compliance.How the structured financial products workUnder the agreement, ABO Digital will negotiate and structure financial instruments depending on a project’s capital and liquidity requirements. AllianceBlock in collaboration with Nexera Protocol’s infrastructure and NexeraID’s identity will tokenize structured financial instruments and convert them into Actively Managed Certificates (AMCs) with full compliance for capital providers that do not want to hold digital assets.Funds from capital providers will be locked into smart contracts and disbursed to projects only after the minimum funding threshold has been raised. The capital providers will receive a traditional AMC, with AllianceBlock managing the assets by holding the convertible bonds, debt or warrants.ABO Digital will receive a structuring fee based on the amount raised, with AllianceBlock taking the majority of fees for managing the AMC or directly through the tokenized asset.The post AllianceBlock partners with ABO Digital for structured crypto projects financing appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/SMzR6vA

Key TakeawaysBitcoin’s recent surge has drawn surprise as banking sector has pulled stock market downDeclaring this a break in the correlation trend is a mistake, writes our Data Analyst Dan Ashmore, who says Bitcoin remains risk-onBoth the stock market and Bitcoin continue to trade off interest rate expectations, aside from isolated episodes of systemic risk to Bitcoin, the numbers showRecent week shows a slightly softer relationship than normal, amounting to a less dramatic a less dramatic version of the price action around the FTX and Celsius collapses in 2022Normal correlation bound to be resumed soon, our data showsOne of the dominant storylines over the last year or two so has been the incredibly tight relationship between <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> and the stock market. We will get into the numbers shortly, but the mantra is that when the stock market jumps, Bitcoin jumps more. When the stock market falls, Bitcoin falls more. That is the bottom line. But is it true still true?Some market participants are starting to think that this relationship is shifting, especially given events of the past week. The word <em>“uncorrelated” </em>is thrown around a lot in markets, and now some are saying Bitcoin is making progress towards that status. I’m not so sure that is correct. Correlation has been high since 2022 started Let us first look back over the price action from the start of 2022, which more or less marked the stock market peak. I’ll get deeper in the next section, but the best way to kick off an assessment of correlation is by the old-fashioned eye test. Let’s begin by charting Bitcoin’s returns against the Nasdaq since the start of 2022:It is immediately clear that there is a strong pattern here. Before looking at correlation coefficients, by looking at the respective price action we can see that the assets have been in lockstep aside from two (visually notable) periods. The first is August 2022, when Bitcoin lagged behind the Nasdaq’s gains. It still gained, but it was outperformed by the Nasdaq – uncommon for periods of expansion. This was shortly after the contagion crisis sparked by Celsius (it filed for bankruptcy in mid-July). The second period of divergence that jumps out is a much more noticeable one – November 2022. As the Nasdaq surged off softer inflation readings and optimism on interest rate policy, Bitcoin fell. Not only that, but it fell dramatically, down from $20,000 to $15,000. Of course, this was thanks to Sam Bankman-Fried and the <a href="https://coinjournal.net/news/ftx-insolvent-what-next-for-crypto/">FTX collapse</a>, a bearish shock specific to crypto, much like Celsius was. Let’s now graph the correlation itself. I won’t get too deep on the math, but I have used the 60-Day Pearson indicator and rolled it back to the start of 2022.  The results more or less back up what we discussed above. For the uninitiated, a correlation of 1 means a perfect relationship (the word count of this article and the number of words I have written this month, for example) while a correlation of 0 means no relationship (such as my word count per month and the number of T-Rexs spotted in New York City). Celsius and FTX collapses are clear below, while the other dip occurs around the time of LUNA (the stock market also fell around this time as we transitioned to high interest rate policy).<a href="https://media.igms.io/2023/02/16/1678980336249-58f34aa3-760a-44b7-8ea5-f07e1397bb6b.png">Media</a>Correlation can be misleadingThis shows correlation, but not necessarily causation. My old maths teacher had a great way of explaining this difference. Shark bites and ice cream purchases may be correlated, but nobody would argue that digging into Ben and Jerries makes you more likely to be hunted by a great white shark.Instead, there is a <em>lurking variable. </em>In this case, on sunnier days, people are more likely to both swim at the beach and buy ice cream, and it is the swimming rather than the ice cream that makes a shark bite more likely.…

A judge at the New York bankruptcy court denied the Department of Justice’s request on Wednesday.The DOJ wanted the court to stop Binance.US from completing its $1 billion deal for Voyager.Judge Michael E. Wiles said pausing the deal pending government appeal would only hurt Voyager clients.Binance.US, the US-regulated subsidiary of the world’s largest cryptocurrency exchange by trading volume Binance, should go ahead to complete its $1 billion acquisition of Voyager Digital, a bankruptcy judge has ruled.In a court ruling on Wednesday, Michael E. Wiles, United States Bankruptcy Judge at the Southern District of New York court, denied the US government’s request to halt Binance.US’ bid for Voyager, citing the impact this is having on customers of the bankrupt crypto lender.Judge rules Binance.US-Voyager deal to go aheadThe US Department of Justice appealed Judge Wiles’ ruling that allowed Voyager to sell its assets to Binance.US, a decision the bankruptcy judge gave on 9 March this year. In its appeal via the US Trustee’s Office, the DOJ wanted the acquisition halted until a number of legal objections were settled.According to the government, allowing the process to continue as determined by the court could see Voyager and its staff likely absolved of tax or securities laws violations.But in his ruling, Judge Wiles noted that the $1 billion deal that he approved last week does not include such exemptions. He added that halting the process will only hurt Voyager customers even further, with people having waited for an opportunity to access their crypto assets since the company stopped withdrawals in July last 2022.BNB price jumps 6% after the newsBinance.US was approved to acquire Voyager for $1 billion in December 2022, as CoinJournal reported. The deal appeared to be hitting the rocks before the bankruptcy court allowed it to proceed. Now, following the latest ruling, an agreement between Voyager and Binance has the deal set for execution on 20 March, having originally been slated for 15 March.The reaction to the news from the Binance community saw the price of the native BNB token jump 6% to $328 as of 11:00 am ET on Thursday. The Voyager VGX token, which rallied following last week’s court ruling, was also up today, trading 9% higher at $0.344700.The post Binance.US acquisition of Voyager to proceed, bankruptcy judge rules appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/8RSyrI6

Staked ETH withdrawals are being processed on Ethereum Goerli Testnet ahead of the Shanghai upgrade.Coinbase has said it expects demand for ETH unstaking to surge after the Shanghai upgrade.The exchange has however said the ETH unstaking requests might take weeks or months to process.Ethereum developers have set a target date of April 12, 2023, for the long-awaited Shanghai upgrade during the “All Core Developers Execution Layer #157 call” held on Thursday. Staked ETH withdrawals have already started being processed on Ethereum Goerli Testnet ahead of the Shanghai upgrade.The upcoming Shanghan upgrade has caused a lot of anticipation among ETH stakers who have had their ETH tokens locked up since Ethereum announced plans for the Merge upgrade that moved it from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) blockchain. For this reason, Coinbase expects the ETH unstaking demand to be through the roof once the Shanghai upgrade goes live.Unstaking requests to take weeks or monthsCoinbase has stated that the ETH unstaking requests on its platform could end up taking weeks or months to process. This is mainly because Coinbase will not be the one processing the unstaking process. Staking requests are processed on-chain, and Coinbase will only act as a channel to pass unstaked ETH to users once the tokens are released by the protocol.7/ We anticipate that demand for unstaking will be high soon after the upgrade and it may take the protocol weeks to months process unstaking requests.— Coinbase (@coinbase) March 15, 2023The Merge upgrade allowed staking providers like Coinbase to allow users to stake ETH on their platforms without the ability to withdraw the staked tokens.After April 12, those who have staked ETH on platforms like Coinbase will be able to withdraw the staked Ether while also continuing to stake more ETH without being subjected to an indefinite lockup period.All Coinbase users will be able to unstake their ETH once the Shanghai upgrade goes live.The post Coinbase says ETH unstaking requests may take weeks or months to process appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/m2Vfjv9

A widespread crypto market recovery has made investors question the future of the Cosmos price, as ATOM price action has begun to raise eyebrows. A long-term trend reversal could be on the horizon, which is expected to benefit one new project in particular.AltSignals’ crypto presale raised over $120,000 in the first 24 hours, which has produced even more bullish momentum for the artificial intelligence blockchain movement. So, will Altsignals outperform Cosmos price action over the coming years?Cosmos price recovers as AltSignals makes waves in Web3The Cosmos price has begun to recover from a prolonged dip after it lost 85% of its value during the 2022 market crash. ATOM’s price has now more than doubled since the beginning of 2023, which has led many investors to forecast a long-term trend reversal for the blockchain.While the Cosmos price continues to climb, the AltSignals <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=40">token presale</a> continues to attract major levels of interest. $ASI is an exciting new development by the AltSignals project, which has consistently shared profitable trading signals within its community since 2017.After releasing an industry-leading algorithmic indicator called AltAlgo™, AltSignals is now venturing into the field of <a href="https://www.bbvaopenmind.com/en/technology/artificial-intelligence/blockchain-and-ai-a-perfect-match/">blockchain-based artificial intelligence (AI)</a>. The $ASI token will grant access to a new-and-improved trading toolkit that is powered by AI, as the platform is positioning itself as a leading innovator in Web3’s AI movement.What is Cosmos (ATOM)?Cosmos (ATOM) is a highly scalable, secure, and interoperable blockchain network. The ecosystem allows developers to build and deploy custom decentralized applications (dApps) that are free of scalability and interoperability restrictions typically found in other blockchains.Cosmos enables developers to issue their own tokens as well as connect to other Cosmos-based blockchains through its Inter Blockchain Communication protocol (IBC). This has led to an ecosystem of connected chains that allow for the easy bridging of assets across different protocols and led to consistent demand that has helped keep the ATOM price afloat.Cosmos price prediction: Can the ATOM price reach $20 in 2023?The ATOM price has seen major volatility over recent years, but investors remain confident in the future of the platform. The Cosmos price is expected to reflect the ecosystem’s unique and innovative blockchain solution over the coming years, which has led to a promising ATOM price prediction.The ATOM price prediction could reach $20 before the end of 2023, as some continuation is expected before a larger pullback for the wider crypto markets. As the Cosmos price is directly impacted by its utility, long-term investors could see the current price of $12 as a promising entry position.What is AltSignals?<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_priceprediction&utm_content=as_members_launch&utm_id=40">AltSignals</a> has been one of the most successful day trading groups in Web3 since it first launched back in 2017. The platform leverages advanced algorithmic tools to deliver signals with an unprecedented level of accuracy. Some traders using AltAlgo™ have seen 10x gains to their portfolio in 19 out of 32 months on record.The platform is now launching a suite of advanced artificial intelligence trading tools called ActualizeAI. ActualizeAI is a ground-breaking development from the project, as it is specially designed to improve the accuracy of older tools to deliver more profitable trading signals than ever before.Blockchain-based AI project tokens have been some of those with the best performance in 2023, with many in the sector even outperforming the Cosmos price. The future of AI on the blockchain…

Bitcoin retested the $25,000 area, while S&P 500 had gained about 1% after plunging on ECB interest rate hike news.The ECB on Thursday surprised with a 50 basis point rate hike.Reports that JPMorgan and Morgan Stanley are looking to help First Republic Bank buoyed stocks.Bitcoin and stocks have recovered slightly after trading lower as investors reacted to the latest monetary policy news from the European Central Bank (ECB.)On Thursday, markets were digesting recent events around US banks and the possible ramifications to the Federal Reserve’s next move on its rate hikes when the ECB announced a surprise 50 basis points interest rate hike. Stocks reacted lower and so did the crypto market, with crypto analyst Michael van de Poppe suggesting the Fed could follow suit at its meeting next week. Breaking:ECB raises interest rates by 50bps.This gives a signal that there's no pivot on the horizon and that Powell most likely continues his policy by raising 25bps/50bps next week.Markets are correcting.— Michaël van de Poppe (@CryptoMichNL) March 16, 2023S&P 500, Bitcoin recover after ECB newsThe S&P 500 staged a slight recovery, thanks to the resurgence of regional bank shares.Despite trading down 0.7% at one point, the benchmark index was up 1% at 12:20 pm ET, while the Dow Jones Industrial Average that had initially plunged by more than 300 points, reversed and was hugging gains with just over 100 points, or 0.3% higher. Elsewhere, the Nasdaq Composite was up by 1.5%.While US stocks have rebounded higher amid reports that banking giants JPMorgan and Morgan Stanley were coming to the aid of embattled lender First Republic Bank, concerns remain and investors continue to be cautious. Bitcoin toyed with resistance around $25,000 on Thursday as cryptocurrencies continued to track events around the stock market.The flagship cryptocurrency, which traded lower earlier in the day amid the highlighted broader market downswing, showed it’s still highly correlated to equities despite last week’s spike that had some observers suggesting a rising decorrelation.Indeed, as CoinJournal analyst Dan Ashmore argues in our deep dive published today, Bitcoin could eventually decouple from other risk assets. However, that’s an outlook that mostly doesn’t apply to the current trading scenario, with the two assets largely in lockstep.The post Bitcoin, stocks seesaw after 0.50% ECB rate hike jolts markets appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/qzE1CQt

Hardware wallets, often known as “cold storage” devices, are a kind of <a href="https://coinjournal.net/wallets/">cryptocurrency wallet</a> that saves private keys in a hardware device that the user may keep readily accessible. Hardware wallets store your private keys offline, making them hack-proof and suitable for storing valuable assets like cryptocurrencies and NFTs. In order to securely access their cash and digital assets, owners may unlock their hardware wallets whenever they need to.If security is your primary concern, hardware wallets are best for you. Let’s understand what are hardware wallets and how they’re better than hot wallets. What is a hardware wallet?<a href="https://coinjournal.net/cryptocurrency-guides/what-is-a-cryptocurrency-hardware-wallet/">Hardware wallets</a> provide a secure way to store crypto tokens and other virtual assets in a non-virtual environment. It’s the safest place to save your wallet’s recovery password, secret keys, and PIN since it does so offline. Ledgers and other devices use a secure chip to prevent theft through physical means.To secure your cryptocurrency tokens, utilise a hardware wallet (but no wallet can provide complete security). And you may manage your token supply and make and receive transfers at any time, from any place. You may use the wallet everywhere there is an internet connection.Private keysBy using a long alphanumeric number called a “private key,” users may securely access, collect, and transmit digital money without the need for a trusted third party to validate the transactions.Blockchain technology relies fundamentally on this principle of trustlessness. Its goal is to make the system more resilient against attacks from malicious actors while requiring less trust from its users. By keeping your financial affairs under your own control using private keys, you ensure no one else has access to them. There is no way for any one individual or organisation to manipulate or seize control of the system.A private key differs from a public key, which can be easily discovered and distributed. Your hardware wallet is inaccessible if you lose your private key. Someone who obtains knowledge of your private key will be able to use your wallet to make purchases on your behalf. You should never expose your private key online because of the security concerns associated with doing so.Benefits: Why is a hardware wallet better?The most significant advantage of utilising a hardware wallet versus a <a href="https://coinjournal.net/glossary/software-wallet/">software wallet</a> is that your sensitive financial data is never sent online. Most wallets are vulnerable to fraud since they are either online or set up on an online device such as a smartphone or a computer-dependent on constant internet connectivity.1. AuthorityHardware wallets put you in charge of your own private keys, giving you complete authority over your stored cryptocurrency. If you have a cold wallet, you’ll never have to input your private key anywhere outside the encrypted hardware device itself. Your password is safe from the threat of being stolen or compromised since it is never sent to, stored on, or used by a computer2. Optional backupIf you lose your wallet and have the seed phrase, you may use it to recreate your private key and regain access to your cash in a new wallet. 3. Improved SafetyData and financial security for consumers are the next priority when creating a cryptocurrency wallet like Ledger. This is especially important for decentralised ledger systems where reversing an incorrect or fraudulent transaction is hard, such as Bitcoin and Ethereum. As a result, it’s quite unlikely that consumers would get their money back if it is stolen or delivered to the incorrect destination.4. Non-custodialHardware wallets provide an extra layer of security by holding your private keys on a hardware device without exposing them to the internet. They add an extra $50 to $250 to your budget and might be a pain to set up, but they provide a higher level of protection…

Blockchain technology is much more than simply bitcoin. Its potential applications are vast and varied, extending beyond finance to include healthcare, supply chain management, real estate, and digital identity. Blockchain’s transparency, security, and decentralization make it an attractive solution for organizations seeking to enhance their operations.In summary, while blockchain technology is often associated with <a href="https://coinjournal.net/news/">cryptocurrency</a>, its applications go far beyond finance. From supply chain management and healthcare to digital identity and real estate, blockchain’s potential is vast and varied. Organizations seeking to enhance their operations should explore the benefits of this transformative technology.Supply chain managementThe technology allows for greater transparency and accountability, as each participant in the supply chain can see the details of the transactions. This is especially valuable in businesses where <a href="https://coinjournal.net/news/blockchain-supply-chains-counterfeits-fake-goods/">origin and authenticity</a> are crucial, such as food and medicines.HealthcareIn healthcare, blockchain technology can eliminate the need for intermediaries and ensure that patient data is stored securely and transparently. It can also help track the distribution of medical supplies to prevent fraud and counterfeit products from entering the market.Blockchain technology can help to eliminate the need for intermediaries and ensure that patient data is stored securely and transparently. The technology can additionally be employed to follow the distribution network of medical supplies to ensure they are real rather than fraudulent.Digital identityAnother area where blockchain is proving useful is digital identity. Blockchain-based digital identity systems can provide users with control over their personal data, eliminating the need for centralized identity systems that are vulnerable to cyberattacks and data breaches. With a blockchain-based digital identity system, users can control their own identity and personal data, without relying on intermediaries.Real estateIn the sector of real estate, blockchain technology may be utilized to build a tamper-proof and public ledger of real estate transactions. This can lessen the need for middlemen like attorneys and real estate brokers, as well as the time and expense involved with property transactions. In addition, the technology may be used to authenticate possession and avoid fraudulent activity. Blockchain can reduce the need for middlemen such as real estate brokers and attorneys, as well as the time and costs associated with property transactions.Blockchain in businessBeyond these specific applications, blockchain technology is being investigated for its potential uses in a wide range of sectors. Its ability to reduce fraud, increase transparency, and minimize the need for intermediaries make it an attractive option for many businesses.Applications and practicesBlockchain technology can help to eliminate fraud and increase transparency, as each participant in the supply chain can see the details of the transactions.Smart contracts can assist decrease the need for middlemen like attorneys and accountants, as well as the time and costs involved with contract administration. <a href="https://coinjournal.net/news/tag/smart-contracts/">Smart contracts</a> can indeed serve to decrease the risk of fraud and assure the fulfilment of contractual commitments. With a blockchain-based digital identity system, businesses can ensure that user identities are stored securely and transparently, without relying on intermediaries.The hype behind the digital currency for profitThe digital currency has been making waves in the financial world over the past few years, with many investors and enthusiasts claiming that it represents the future of money. Unlike traditional currencies such as the US dollar or the euro, digital currencies are decentralized, meaning they are not controlled by a single entity or…

While cryptocurrencies can be used as a way to exchange goods, the vast majority of their holders see them as savings or investment vehicles. The number of cryptocurrencies, even stablecoins tethered to the U.S. dollar, over the course of the last year demonstrates the volatility that makes investment in bitcoin perilous. Before investing, it’s wise to do some research and find out the specifics.A cryptocurrency is a kind of digital money that operates independently from any single bank, monetary system, or government. The exponential rise of the cryptocurrency market to over 12,000 coins in circulation is absolutely remarkable. From 2021 to 2022, the volume of cryptocurrencies increased by a factor of 2.Let’s discuss the top cryptocurrencies other than Bitcoin and Ethereum. List of the best crypto coins1. Tether (USDT)Price: $0.99The value of one <a href="https://coinjournal.net/tether/">Tether</a> is $0.99 USD. It’s a stablecoin, which means its value won’t fluctuate wildly. Tether is often used as a bridge between different cryptocurrencies by traders. The Tether cryptocurrency is used instead of the US dollar. There is apprehension that Tether isn’t reliably backed by dollars in reserve but rather a type of short-term unsecured debt, which has led to the currency’s depreciation.Stablecoins like Tether aim to attract customers who are wary of investing due to price swings. While using this approach, customers don’t have to wait as long as they would if they were to convert their cryptocurrency holdings to fiat money in order to make a transfer back to dollars.2. Cardano (ADA)Price: $0.33While it arrived on the cryptocurrency landscape after a while, Cardano (<a href="https://coinjournal.net/cardano/">ADA</a>) stands out for being one of the first to use proof-of-stake verification. This technique decreases energy usage and environmental impact by doing away with the aggressive, problem-solving element of validation on systems like Bitcoin. Like Ethereum, Cardano’s native token, ADA, uses smart contracts and distributed applications.The ADA currency used on Cardano’s network has not grown nearly as rapidly as some of the other main cryptocurrencies. On March 7, 2023, the price was $0.33. 3. USD Coin (USDC)Price: $1.0Stablecoins like USD Coin, which are fixed to the dollar’s price, are becoming more popular. This implies that for every USD Coin in circulation, the equivalent amount of fiat cash is held in reserve. On September 18th, 2022, a single USD Coin was worth $1.00 with a market valuation of $55.5 billion. In terms of market capitalization and trade volume, it was fourth. On March 7, 2023, the price was $1.0.4. Binance Coin (BNB)Price: $287.82The Binance Exchange accepts Binance Coin (<a href="https://coinjournal.net/binance-coin/">BNB</a>), a utility cryptocurrency, as payment for the costs of trading on the exchange. In terms of value, it ranks as the third-largest digital currency. The token’s users will get a discount when making purchases on the exchange while using the token as payment.Changpeng Zhao established the Binance Exchange, which now ranks among the top five most active cryptocurrency trading platforms globally.Like with many other cryptocurrencies, Binance Coin began life as an ERC-20 token on the Ethereum blockchain. In the end, it launched its own mainnet. A PoS consensus mechanism is implemented in the network. On March 7, 2023, Binance Coin has a market capitalization of $45.57 billion, making a single BNB token worth around $287.82.5. Polkadot (DOT)Price: $6.05<a href="https://coinjournal.net/polkadot/">Polkadot</a> is a one-of-a-kind Proof-of-Stake (PoS) cryptocurrency designed to facilitate interoperability across different blockchains. Its protocol was developed to bridge the gap between permissioned and permissionless blockchains and oracles, making it possible for them to share data and operate as one. A key feature of Polkadot is its relay chain, which promotes communication across different networks. Parachains, which are alternative blockchains…

A recent presale deemed low risk and potential high reward by many has caught the eye of crypto investors across the globe. The AltSignals ASI presale is now underway, and in this article, you’ll find out what AltSignals is, why investors are getting excited about the ASI token, and whether its promise of low risk and high reward is too good to be true.What is AltSignals?<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_investmentopportunity&utm_content=as_members_launch&utm_id=45">AltSignals</a> is one of the market’s oldest and most well-respected crypto signal providers. Launched in 2017, the platform offers high-quality signals for the crypto, forex, and stock markets, generated by its world-beating AltAlgo™ algorithm and dedicated team of trading professionals. Since its inception, AltSignals has issued over 1,500 calls and attracted 50,000+ members to its free Telegram channel, leading to a 4.9/5 star rating on <a href="https://uk.trustpilot.com/review/altsignals.io">Trustpilot</a> and nearly 500 positive reviews. Its philosophy is simple: produce low-risk, premium signals using a proprietary strategy combined with manual fundamental analysis. AltSignals’ results have been nothing but remarkable. The accuracy across the 1,500 signals sent out is 64%, demonstrating the consistency in AltSignals’ strategy. AltSignals works on a subscription basis, where users can try a low-risk monthly membership or even purchase access to the AltAlgo indicator for their own use. However, AltSignals has much bigger things in the works: the ASI token presale and ActualizeAI algorithm. Introducing the ASI TokenThe ASI token is at the heart of <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_investmentopportunity&utm_content=as_members_launch&utm_id=45">AltSignals’</a> push to revolutionize the trading industry. It’ll offer holders exclusive access to the ActualizeAI algorithm, which will revamp the entire AltAlgo™ system to incorporate cutting-edge AI technology.For example, AltSignals plans to use machine learning to help the algorithm learn about the markets and analyze historical data. Meanwhile, it’ll use sentiment analysis to make informed decisions about which assets are about to explode. Holding ASI tokens will unlock a range of benefits for traders, including entry into the private AI Members Club. Here, members can earn ASI tokens for testing and providing feedback on the latest updates to the ActualizeAI algorithm. Members can accumulate these tokens to gain access to more advanced features of the AltSignals AI ecosystem, gain rank in their membership, hold them, or even trade tokens for fiat.ASI token holders can also take part in regular trading tournaments to put their skills to the test, with exciting prizes and community recognition up for grabs. Lastly, AltSignals is committed to fostering its already-strong community. That’s why it’ll allow ASI token holders to propose and vote on changes made to the platform and its products, with the aim of being governed solely by the community. Is the Promise of Low Risk and High Rewards Too Good To Be True?As with investment that promises low risk and high rewards, it’s always wise to be skeptical. In the case of AltSignals, part of the guesswork is removed by simply examining the platform’s track record. Unlike most crypto presales, AltSignals has already proven its business model to be a success, which translates to potentially lower risk.  Moreover, AltSignals has demonstrated that it can generate high rewards through its existing signals. The new ActualizeAI algorithm is not only expected to boost these rewards further, but lead to a flood of investors picking up ASI tokens to get their hands on the algorithm’s signals. In this sense, the ASI token seems likely to offer high rewards to investors, especially those that get involved early on.  Final ThoughtsWith the presale just getting underway, AltSignals’…

Cryptocurrency is the most profitable asset class in history, which is why so many investors are constantly looking to uncover the best options for long-term gains. While there are inherent risks with investing in the crypto space, there are countless great options as some of the best cryptos to invest in for the long-term are highly disruptive technologies.With that in mind, here are 12 of the best long-term cryptocurrencies to invest in 2023:AltSignals (ASI)Metacade (MCADE)Polkadot (DOT)Decentraland (MANA)Binance Coin (BNB)ChainLink (CHAIN)UniSwap (UNI)Ethereum (ETH)Solana (SOL)Shiba Inu (SHIB)ApeCoin (APE)Cardano (ADA)1. AltSignals (ASI)What is ASI?<a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_longterm&utm_content=as_members_launch&utm_id=9">AltSignals</a> is a highly successful online trading community that has been sharing profitable trading strategies since 2017. The platform released <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_longterm&utm_content=as_members_launch&utm_id=9">AltAlgo™</a>, which is an algorithmic trading protocol that has helped many day traders to 10x their portfolio in 19 out of 32 months on record.AltSignals is now launching a new-and-improved trading stack called ActualizeAI, and the new ASI token is designed to supercharge this development. ActualizeAI combines machine learning with natural language processing (NLP) to analyze a vast number of price indicators at the same time. Since it is driven by AI, it continually learns and improves, helping it to deliver trading signals with an increasing level of accuracy over time.The ASI token can be used to gain access to ActualizeAI as well as ActualizeAI Club. ActualizeAI Club will provide even more benefits for the AltSignals community, including access to public and private token sales for new cryptocurrencies as well as access to trading tournaments where participants can earn crypto rewards, and much more.AltSignals helps anyone to minimize the learning curve while trading the crypto markets. Since the cryptocurrency market is a highly volatile asset class, this can help save investors both time and money. The profitable trading tools released by the platform can also help expert traders to maximize their return potential, as ActualizeAI stack will provide a secondary opinion by analyzing more data than any single person is able to.Why buy ASI?The AltSignals platform is at the forefront of development for <a href="https://www.bbvaopenmind.com/en/technology/artificial-intelligence/blockchain-and-ai-a-perfect-match/">blockchain-based AI</a>. The trading tools released by the platform in the past have had a highly accurate success rate, and it now looks set to grow even further.The ASI token presale could be the perfect opportunity for savvy investors to get involved in a promising new token while it is still in its infancy. These opportunities often produce substantial returns for investors.Presale prices for ASI will rise from $0.012 to $0.02274 per token, and there is a limited time only to get involved. For anyone looking to find which new crypto project to buy into today for the long-term, the new release from AltSignals certainly looks like a great option.>>> You can participate in the AltSignals presale <a href="https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal_longterm&utm_content=as_members_launch&utm_id=9">here</a> <<<2. Metacade (MCADE)What is MCADE?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=9">Metacade</a> has the possibility to become the largest blockchain-based arcade, offering a vast selection of different play to earn (P2E) titles in a single location. It is widely considered to be one of the most exciting new GameFi developments in Web3, as Metacade delivers a comprehensive gaming experience and multiple opportunities…

CryptoUnity is a cryptocurrency exchange that seeks to make it easier for beginners to navigate the crypto ecosystem.The exchange doesn’t hold its users’ funds but stores them with an independent, highly regulated custodian. The comprehensive research and educational resource section empowers users to learn more about cryptocurrencies. CryptoUnity is targeting beginners in the ecosystemCryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange. The cryptocurrency exchange seeks to close the gap for beginners in the ecosystem.The user-friendly interface and comprehensive educational resources on CryptoUnity are designed to make the world of cryptocurrency more accessible and less intimidating to beginners. In addition to its user-friendly nature, CryptoUnity is also focusing on the safety aspect of crypto. The crypto exchange has implemented the cold wallet with an NFC card, providing its users with a secure way of storing funds.Its partnership with Lenovo, one of the leading tech companies in the world, also serves as a positive for the company. The crypto space is all about transparency, and CryptoUnity also pays attention to that. So far, CryptoUnity has passed audits by QuilAudits and CertiK. The project received a CertiK KYC Gold badge (meaning that the entire core team provided the highest amount of verifiable background information, demonstrating a very high level of transparency and accountability).The CUT token powers the CryptoUnity ecosystemCUT is the utility token that powers the CryptoUnity ecosystem. The token has a total supply of one billion and provides holders with many different benefits and utility cases on the CryptoUnity platform. Besides profiting from lower fees and other loyalty programs, users can leverage CUT to access further education and secure a spot in other legitimate ICO presales. With the development of the platform, additional utility cases are expected.Holders of the token also get to enjoy other benefits, including airdrops, holder rewards, and advantages on giveaways. Perhaps the best part of CryptoUnity is its platform. The CryptoUnity platform combines all of the necessary tools and resources for easy trading, safe storage, and education.The platform has various sections, including;A portfolio, where the user can keep track of his funds and base price.A cold wallet with an NFC card.CryptoUnity Workshops: the educational part of the platformCryptoUnity Research: where reviewed potential ICOs will be published, and Physical traveling exchanges.CryptoUnity claims it is one of the first centralised exchanges that doesn’t hold their users’ funds. The funds are securely stored with an independent, highly regulated custodian, meaning that those funds are completely separated from those of the project and can, therefore, not be manipulated or influenced by the company’s operations or potential financial challenges. The post CryptoUnity exchange targets beginners in the crypto ecosystem appeared first on CoinJournal.

via CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift.tt/kvEyIYR

Cryptocurrencies had a strong performance in one of the most volatile weeks.Bitcoin surged above $27,000 for the first time in months.Cardano, Stacks, and Conflux were among the top performers.Cryptocurrencies had a strong performance this week even as jitters in the banking sector continued. On Friday, <a href="https://coinjournal.net/bitcoin/">Bitcoin</a> price jumped to over $27,000 for the first time in months. This was a remarkable turnaround considering that BTC was trading at $19,000 a week earlier. This article will provide predictions for some popular altcoins like Cardano (ADA), Conflux (CFX), and Stacks (STX).Cardano price prediction<a href="https://coinjournal.net/cardano">Cardano</a> price made a strong comeback on Friday after the developers announced a new P2P upgrade for its network. Further, Cardano’s total value locked (TVL) jumped to a record high in ADA terms, signaling that the network is gaining traction.Cardano rose to a high of 0.348 on Friday, which was above the 25-day and 50-day moving averages. The MACD moved above the neutral point while the Relative Strength Index (RSI) moved close to its overbought level. On the hourly chart, Cardano is trading close to the major S&R pivot point. Therefore, with Bitcoin leading cryptocurrencies, I suspect that it will continue rising as buyers target the next ultimate resistance at $0.366, which is about 8% above the current level.<a href="https://media.igms.io/2023/02/17/1679061569880-2ab876c9-1623-4d83-bbb3-0db27dee13f6.png">Media</a>How to buy CardanoeToroeToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.<a href="/visit/etoro-crypto?guid=MTIwNDQ5&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=2">Buy ADA with eToro today</a> Disclaimer PublicPublic is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.<a href="/visit/public-crypto?guid=MTIwNDQ5&component=simple-table&language=en&country=US&state=VA&position=2&totalPositions=2">Buy ADA with Public today</a> Disclaimer Conflux price predictionConflux (CFX) price had one of the best performances this week. On-chain data showed that the network was gaining traction after partnering with China Telecom. The telecommunication giant will use the platform to build blockchain sim cards. Conflux NFTs are also doing well.On the hourly chart, the CFX price has formed a cup and handle pattern, which is usually a bullish sign. It is also being supported by the short and long-term moving averages. Like  Cardano, the Relative Strength Index (RSI) and the MACD have continued rising. The Murrey Math Lines indicator shows that it is now at the weak S&R point.Therefore, there is a likelihood that Conflux price will also continue rising as buyers target the overshoot level at $0.4157.<a href="https://media.igms.io/2023/02/17/1679061570127-69b187b7-e7cf-43fe-9591-979fad6e8125.png">Media</a>How to buy ConfluxBKEXBKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.<a href="/visit/bkex-crypto?guid=MTIwNDQ5&component=simple-table&language=en&country=US&state=VA&position=1&totalPositions=1">Buy CFX with BKEX today</a>Stacks price prediction<a href="https://coinjournal.net/stacks/">Stacks</a> has done well following the launch of Bitcoin Ordinals. This was an important development because Stacks is a layer 1 network that makes it possible for developers to build dapps that use Bitcoin. It is the only blockchain product that is offering the service.On the hourly chart, the STX price has been rising and formed a cup and handle pattern. It has also moved to the stop pivot reverse point. Like Cardano and Stacks, it is being supported by short and medium-term moving averages and oscillators like the Relative Strength Index (RSI) and the…

<strong>Key Takeaways</strong>Bitcoin is a decentralised asset, yet large amounts are controlled by a select fewThe top 114 addresses hold nearly 3 million BTC, 15.5% of the total supplyThe anonymous Satoshi Nakamoto holds 5.2% of the supplyMicroStrategy hold 0.68% of the supply Whether you love or hate <a href="https://coinjournal.net/news/tag/bitcoin/">Bitcoin</a>, the world’s first cryptocurrency has thrown the word “<em>decentralised” </em>into the modern vernacular.  But while Bitcoin is the closest thing to a decentralised asset out there, it is worth noting that it does possess pressure points. Not central points of failure, but rather large holders who do possess significant amounts of the currency. In some cases, enough to cause a serious stir should those coins ever hit the market all at once.<strong>Satoshi Nakamoto</strong>The most obvious of the large holders is anonymous founder Satoshi Nakamoto. Whether one person or a group, Nakamoto possesses approximately 1 million bitcoins from the early days. That is equivalent to about 5.2% of the total supply – a very large number.Nobody knows who Nakamoto is, but it is certainly a risk to have this amount of coins in the hands of one person/entity. Coinbase even listed this factor as a risk to its business on its S-1 form when it went public in April 2021. Under the risk section, the company outlined <em>“the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed Bitcoin, or the transfer of Satoshi’s Bitcoins”</em> as a risk to Bitcoin and, by extension, Coinbase’s business. While speculating on Nakamoto’s identity is a fool’s game, and these coins could easily be lost forever, it is easy to see how Coinbase listed this as a risk on its filing. The fact is that one entity or person holds 5.2% of the supply, and nobody has any idea who.<strong>Bitcoin whales</strong>Looking beyond Nakamoto, there are plenty of wallets which contain a lot of Bitcoin. One <a href="https://www.nber.org/system/files/working_papers/w29396/w29396.pdf">study</a> by the National Bureau of Economic Research outlines that the top 10,000 bitcoin investors control one-third of the total supply.That figure is an estimate and is “<em>likely an understatement since we cannot rule out that some of the largest addresses are controlled by the same entity”,</em> according to the study. For example, it doesn’t include the aforementioned 5.2% of coins controlled by Nakamoto, as it cannot be known whether Nakamoto is one individual.  Seeing as Bitcoin returned the equivalent of 230% compounded annually between 2011 and 2021, and in doing so outperformed every major financial asset class in the world, perhaps it is not surprising that a small group of early adopters control significant amounts of the supply.A $2,000 investment in 2010 would have netted you 10,000 bitcoins, which today is worth over $26 million. The select few who got involved in those early days and held onto their stash today hold significant amounts of the supply.Today, only 114 addresses contain 10,000 BTC or more (with exchange addresses likely some of those) and those 114 addresses contain nearly 3 million BTC, or 15.5% of the total supply.The below table shows quite how much Bitcoin is locked up in a small number of the top addresses.<strong>Entities that hold large amounts of Bitcoin</strong>Branching out from individuals, there are also entities which hold massive amounts of Bitcoin.The first to spring to mind is Michael Saylor and MicroStrategy, who own 130,000 bitcoins, 0.68% of the total supply. This is the most by any public company and some fear that should this ever hit the market, then the Bitcoin price may be dented downward, such is the quantity of bitcoins that MicroStrategy hold. While MicroStrategy is the public company which holds the most Bitcoin, the private Chinese company Block.one, which developed the cryptocurrency EOS, owns 140,000 bitcoins. This makes it the largest known holding by any one company. MicroStrategy has purchased an additional…

As cryptocurrency regulations continue to threaten the future of Web3, many investors are seeking the most secure cryptos to invest in. While Monero (XMR) has been a leading project in the blockchain movement for some time, Metacade (MCADE) now looks like a better option long-term.Monero could see disastrous price action thanks to the encroachment of cryptocurrency regulation. Meanwhile, Metacade continues to see massive success during its early stages. So, which project is the best long-term investment?How is cryptocurrency regulation impacting the industry?As a leading privacy-focused blockchain, the future of Monero is in jeopardy. Cryptocurrency regulation has cracked down on private protocols in the wake of the Tornado Cash incident in 2022. Tornado Cash was a protocol that made blockchain transactions untraceable, which <a href="https://www.cnbc.com/2022/08/08/tornado-cash-crackdown-by-treasury-punishes-honest-crypto-investors.html">led to the arrest</a> of its founding developer.This news has cast doubt over the future of Monero and the XMR price by extension. The XMR price has previously reached highs over $500, but now investors are seeking more secure investments due to major cryptocurrency regulation.One of the most popular options for crypto investors in recent times has been <a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=4">Metacade</a>. The MCADE token presale has attracted $10.9m in 16 weeks since the event went live, owing to a strong value proposition and an ability to serve a huge number of users over time.What is Monero?Monero is one of the oldest cryptocurrencies in the top 50, being created in 2014. It uses a proof-of-work consensus mechanism and advanced cryptographic technologies to mask the identity of its users. As one of the most popular private blockchains, Monero has been a leading project in <a href="https://ethereum.org/en/web3/">Web3</a> since it was first launched.While most blockchains have a public ledger that records private addresses, transaction amounts, and more information that can be traced back to the sender, Monero obfuscates much of this data. As a result, sending money over the Monero blockchain is completely private and secure.Can the XMR price reach $200 in 2023?The XMR price has fallen 70% since reaching its all-time high in 2021. After the Tornado Cash incident and tightening cryptocurrency regulations, many experts have suggested that the XMR price may struggle to regain its previous price level.A key target for the XMR price is $200. Monero faces stiff resistance at this price level, and it may struggle to break through over the coming years. XMR price action will be shrouded with uncertainty for as long as Monero remains an industry-leading private blockchain due to ongoing cryptocurrency regulations.What is Metacade?<a href="https://metacade.co/en?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=4">Metacade</a> is the first community-driven arcade. The platform combines advanced earning mechanics with the largest collection of blockchain arcade games to deliver a comprehensive GameFi experience.The metaverse arcade will be home to a massive range of different titles, and it will also become a central hub for Web3 users to enjoy. This is because Metacade’s offering goes beyond the arcade, as users can uncover some of the best alpha in the blockchain gaming space directly through the platform.How does MCADE work?The MCADE token will be used to pay for rewards in the arcade. Metacade offers both casual and competitive gameplay, allowing players to play solo or join paid entry tournaments for the chance to <a href="https://www.forbes.com/sites/tatianakoffman/2021/09/29/play-to-earn-the-new-crypto-paradigm-redefining-the-future-of-work/?sh=1619097a45f5">win major crypto prizes</a>.The community hub will also reward content creators through the Create2Earn mechanic. Users can contribute by posting game reviews, sharing…