Top Analyst Who Predicted Bitcoin Crash Says “Too Early to Buy the Dip”
CoinGape (RSS)
Markus Thielen, chief executive officer of 10x Research, on Wednesday made another dire warning as traders and investors look to “buy the dip” after the broader crypto market crash. He is one of the first few analysts who has accurately predicted a BTC price correction to $38,000 post-spot Bitcoin ETF approval, BTC rally to $50,000, and the recent crash.
Further Bitcoin and Ethereum Prices Capitulation?
Top analyst Markus Thielen in a newly released report on March 20 disclosed why they turned bearish on Bitcoin (BTC) and Ethereum (ETH) prices and why it’s too early to buy the dip.
Along with the analog model, the crypto research firm uses data, predictive models, and objective analysis to make accurate predictions. Based on the current data, $63,000 and $60,000 are key support levels for Bitcoin. If $60,000 is broken, BTC price can crash to the $52,000-54,000 range.
As CoinGape reported, ...
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CoinGape (RSS)
Markus Thielen, chief executive officer of 10x Research, on Wednesday made another dire warning as traders and investors look to “buy the dip” after the broader crypto market crash. He is one of the first few analysts who has accurately predicted a BTC price correction to $38,000 post-spot Bitcoin ETF approval, BTC rally to $50,000, and the recent crash.
Further Bitcoin and Ethereum Prices Capitulation?
Top analyst Markus Thielen in a newly released report on March 20 disclosed why they turned bearish on Bitcoin (BTC) and Ethereum (ETH) prices and why it’s too early to buy the dip.
Along with the analog model, the crypto research firm uses data, predictive models, and objective analysis to make accurate predictions. Based on the current data, $63,000 and $60,000 are key support levels for Bitcoin. If $60,000 is broken, BTC price can crash to the $52,000-54,000 range.
As CoinGape reported, ...
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Alipay taps Avalanche for Web3-powered voucher program
Cointelegraph.com News (RSS)
Avalanche said the initiative allows brands to test Web3 solutions and how to create new engagement opportunities with their users.
Cointelegraph.com News (RSS)
Avalanche said the initiative allows brands to test Web3 solutions and how to create new engagement opportunities with their users.
Starknet targets increased throughput, lower fees with parallel transactions in 2024
Cointelegraph.com News (RSS)
Ethereum scaling protocol Starknet expects to increase its throughput and further fee reductions through the introduction of transaction parallelization in 2024.
Cointelegraph.com News (RSS)
Ethereum scaling protocol Starknet expects to increase its throughput and further fee reductions through the introduction of transaction parallelization in 2024.
Tokenized movement will be worth trillions — Sweat Economy co-founder
Cointelegraph.com News (RSS)
Oleg Fomenko of Sweat Economy and Sweatcoin predicts that tokenized physical activity will be worth trillions of dollars, and employers will one day pay you to exercise.
Cointelegraph.com News (RSS)
Oleg Fomenko of Sweat Economy and Sweatcoin predicts that tokenized physical activity will be worth trillions of dollars, and employers will one day pay you to exercise.
AI talent crunch accelerates as nations scramble to secure their dominance
Cointelegraph.com News (RSS)
The global competition for AI supremacy intensifies as companies consider relocating and nations offer incentives to attract AI talent.
Cointelegraph.com News (RSS)
The global competition for AI supremacy intensifies as companies consider relocating and nations offer incentives to attract AI talent.
UK Deploys Advanced AI Cameras in Bid to Curb Traffic Offences
Cryptopolitan (RSS)
UK drivers are facing a potential new challenge with the introduction of artificial intelligence (AI) cameras being trialed by ten police forces across the country. These cameras are designed to automatically detect violations such as mobile phone usage and failure to wear seatbelts, with fines of up to £1,000 awaiting offenders.
UK police trial AI camera’s potential nationwide rollout
The trial, currently underway, may pave the way for a nationwide rollout, impacting motorists nationwide. The AI cameras, deployed by select police forces, possess the ability to identify instances of non-compliance with road safety regulations, including the use of mobile phones while driving and failure to wear seatbelts.
Upon detection, the cameras relay the relevant information to law enforcement for appropriate action, potential...
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Cryptopolitan (RSS)
UK drivers are facing a potential new challenge with the introduction of artificial intelligence (AI) cameras being trialed by ten police forces across the country. These cameras are designed to automatically detect violations such as mobile phone usage and failure to wear seatbelts, with fines of up to £1,000 awaiting offenders.
UK police trial AI camera’s potential nationwide rollout
The trial, currently underway, may pave the way for a nationwide rollout, impacting motorists nationwide. The AI cameras, deployed by select police forces, possess the ability to identify instances of non-compliance with road safety regulations, including the use of mobile phones while driving and failure to wear seatbelts.
Upon detection, the cameras relay the relevant information to law enforcement for appropriate action, potential...
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Binance Labs-backed MobileCoin plunges on delisting news
Cryptopolitan (RSS)
Binance cryptocurrency exchange, has announced the impending delisting of MobileCoin (MOB), among two other tokens, DREP (DREP) and pNetwork (PNT), from its trading platform. The decision, disclosed in a press release on March 20, comes as part of Binance’s commitment to adapt to evolving market dynamics and ensure the best services and protections for its users. While specific reasons for MobileCoin’s delisting were not explicitly provided, Binance cited various factors influencing such decisions, including regulatory requirements and contributions to a healthy crypto ecosystem.
MobileCoin, a privacy-focused token, garnered significant attention when Binance Labs, the exchange’s venture arm, led a funding round for the project in 2018, raising $29.7 million. This strategic investment underscored Binance’s belief in MobileCoi...
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Cryptopolitan (RSS)
Binance cryptocurrency exchange, has announced the impending delisting of MobileCoin (MOB), among two other tokens, DREP (DREP) and pNetwork (PNT), from its trading platform. The decision, disclosed in a press release on March 20, comes as part of Binance’s commitment to adapt to evolving market dynamics and ensure the best services and protections for its users. While specific reasons for MobileCoin’s delisting were not explicitly provided, Binance cited various factors influencing such decisions, including regulatory requirements and contributions to a healthy crypto ecosystem.
MobileCoin, a privacy-focused token, garnered significant attention when Binance Labs, the exchange’s venture arm, led a funding round for the project in 2018, raising $29.7 million. This strategic investment underscored Binance’s belief in MobileCoi...
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UK Leverages AI to Enhance Public Project Delivery
Cryptopolitan (RSS)
The UK government has unveiled a pioneering framework aimed at leveraging Artificial Intelligence (AI) to enhance productivity within public project delivery. Under this new initiative, AI technology will be strategically employed to streamline operations, address challenges, and optimize resource allocation across a spectrum of public projects.
Cultivating AI Proficiency for Public Sector Advancement
The framework, spearheaded by the Infrastructure and Projects Authority (IPA), is poised to empower government project delivery professionals in harnessing the potential of Artificial Intelligence. With a commitment to fostering innovation and efficiency, civil servants overseeing projects worth over £805 billion will be equipped to integrate solutions into their workflows.
A cornerstone of the framework is the encouragement of...
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Cryptopolitan (RSS)
The UK government has unveiled a pioneering framework aimed at leveraging Artificial Intelligence (AI) to enhance productivity within public project delivery. Under this new initiative, AI technology will be strategically employed to streamline operations, address challenges, and optimize resource allocation across a spectrum of public projects.
Cultivating AI Proficiency for Public Sector Advancement
The framework, spearheaded by the Infrastructure and Projects Authority (IPA), is poised to empower government project delivery professionals in harnessing the potential of Artificial Intelligence. With a commitment to fostering innovation and efficiency, civil servants overseeing projects worth over £805 billion will be equipped to integrate solutions into their workflows.
A cornerstone of the framework is the encouragement of...
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Peter Schiff sparks debate: Bitcoin ETFs’ U.S. hours limit liquidity
Cryptopolitan (RSS)
Gold advocate Peter Schiff has once again stirred controversy within the cryptocurrency community by highlighting what he perceives as a significant flaw in Bitcoin exchange-traded Funds (ETFs). Schiff pointed out that, unlike the 24/7 global operation of the Bitcoin market, the liquidity of Bitcoin ETFs is limited to U.S. market hours. This limitation becomes apparent during times of market volatility, such as the recent overnight price crash, where ETF buyers find themselves unable to exit their positions until the market reopens.
The ongoing price decline in Bitcoin has intensified concerns among investors, with the leading cryptocurrency nearing the $60,000 level earlier today. Over the past 24 hours, the market has witnessed over half a billion dollars in liquidations, reflecting a l...
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Cryptopolitan (RSS)
Gold advocate Peter Schiff has once again stirred controversy within the cryptocurrency community by highlighting what he perceives as a significant flaw in Bitcoin exchange-traded Funds (ETFs). Schiff pointed out that, unlike the 24/7 global operation of the Bitcoin market, the liquidity of Bitcoin ETFs is limited to U.S. market hours. This limitation becomes apparent during times of market volatility, such as the recent overnight price crash, where ETF buyers find themselves unable to exit their positions until the market reopens.
The ongoing price decline in Bitcoin has intensified concerns among investors, with the leading cryptocurrency nearing the $60,000 level earlier today. Over the past 24 hours, the market has witnessed over half a billion dollars in liquidations, reflecting a l...
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Decentralized finance (DeFi) aggregator ParaSwap thwarts Augustus v6 vulnerability
Cryptopolitan (RSS)
In a swift response to a critical vulnerability discovered within its Augustus v6 contract, decentralized finance (DeFi) aggregator ParaSwap has averted a potential catastrophe by executing a timely white hat intervention.
ParaSwap’s rapid response protecting user funds from vulnerability
The vulnerability, which posed a significant threat to user funds, was promptly addressed by the platform, showcasing its commitment to security and user protection. Upon the launch of the Augustus v6 contract, ParaSwap aimed to enhance swapping efficiency and reduce gas fees for its users.
Cryptopolitan (RSS)
In a swift response to a critical vulnerability discovered within its Augustus v6 contract, decentralized finance (DeFi) aggregator ParaSwap has averted a potential catastrophe by executing a timely white hat intervention.
ParaSwap’s rapid response protecting user funds from vulnerability
The vulnerability, which posed a significant threat to user funds, was promptly addressed by the platform, showcasing its commitment to security and user protection. Upon the launch of the Augustus v6 contract, ParaSwap aimed to enhance swapping efficiency and reduce gas fees for its users.
Bitcoin adoption soars in Argentina amid economic turmoil
Cryptopolitan (RSS)
In response to Argentina’s staggering inflation rate of 276%, citizens are increasingly turning to Bitcoin as a safeguard against economic instability, marking a notable shift in financial strategy. The surge in Bitcoin purchases comes amidst a decline in the traditional practice of exchanging pesos for dollars, which historically served as a hedge against inflation in Argentina.
Argentines flock to Bitcoin amidst soaring inflation
Bitcoin purchases in Argentina have reached their highest weekly value in 20 months, as reported by Lemon, a prominent local cryptocurrency exchange. This surge underscores a growing trend among Argentines seeking refuge from recession and grappling with one of the world’s highest inflation rates. Lemon recorded nearly 35,000 Bitcoin purchases in the week ending March 10, marking a substan...
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Cryptopolitan (RSS)
In response to Argentina’s staggering inflation rate of 276%, citizens are increasingly turning to Bitcoin as a safeguard against economic instability, marking a notable shift in financial strategy. The surge in Bitcoin purchases comes amidst a decline in the traditional practice of exchanging pesos for dollars, which historically served as a hedge against inflation in Argentina.
Argentines flock to Bitcoin amidst soaring inflation
Bitcoin purchases in Argentina have reached their highest weekly value in 20 months, as reported by Lemon, a prominent local cryptocurrency exchange. This surge underscores a growing trend among Argentines seeking refuge from recession and grappling with one of the world’s highest inflation rates. Lemon recorded nearly 35,000 Bitcoin purchases in the week ending March 10, marking a substan...
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There are so many things wrong with Federal Reserve’s balance sheet
Cryptopolitan (RSS)
The balance sheet of the Federal Reserve is under a microscope, and for a good reason. It’s a whopping $7.5 trillion behemoth that’s got policymakers and market watchers alike breaking out in cold sweats. Let’s dive deep, shall we? Because, boy oh boy, there’s a whole lot to unpack here.
Since 2022, the Fed has been on a mission to drain the financial system’s swamp of excess cash, letting $60 billion in Treasuries and $35 billion in agency-backed mortgage debt expire monthly without renewal. This move, known as quantitative tightening, can’t go on forever, and that’s not just us talking; it’s a fact.
The Ticking Time Bomb
Why is the Federal Reserve kicking the hornet’s nest now, you ask? Simple. They’re trying to sidestep a market meltdown like th...
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Cryptopolitan (RSS)
The balance sheet of the Federal Reserve is under a microscope, and for a good reason. It’s a whopping $7.5 trillion behemoth that’s got policymakers and market watchers alike breaking out in cold sweats. Let’s dive deep, shall we? Because, boy oh boy, there’s a whole lot to unpack here.
Since 2022, the Fed has been on a mission to drain the financial system’s swamp of excess cash, letting $60 billion in Treasuries and $35 billion in agency-backed mortgage debt expire monthly without renewal. This move, known as quantitative tightening, can’t go on forever, and that’s not just us talking; it’s a fact.
The Ticking Time Bomb
Why is the Federal Reserve kicking the hornet’s nest now, you ask? Simple. They’re trying to sidestep a market meltdown like th...
View original post
Breaking down Canada’s economic conundrum – What is happening?
Cryptopolitan (RSS)
Canada finds itself at a crossroads, grappling with an economic puzzle that has everyone from policymakers to the average Joe scratching their heads. It’s about time we dived deep into the nitty-gritty of what’s been going on with the Canadian economy, and folks, buckle up because it’s been a roller coaster of a ride with twists and turns that not even the most seasoned economists saw coming.
A Glimpse into the Canadian Wallet
As of late, Canadians have felt a bit of relief with the pace of inflation slowing down to its most leisurely stride in eight months. Yes, you heard it right. The annual inflation rate dropped to 2.8% in February, throwing a curveball at expectations, which had pegged it at 3.1%. It’s like expecting snow in April and getting a sunny day instead – pleasant but puzzling.
For two consecutive months, the inflation rate ...
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Cryptopolitan (RSS)
Canada finds itself at a crossroads, grappling with an economic puzzle that has everyone from policymakers to the average Joe scratching their heads. It’s about time we dived deep into the nitty-gritty of what’s been going on with the Canadian economy, and folks, buckle up because it’s been a roller coaster of a ride with twists and turns that not even the most seasoned economists saw coming.
A Glimpse into the Canadian Wallet
As of late, Canadians have felt a bit of relief with the pace of inflation slowing down to its most leisurely stride in eight months. Yes, you heard it right. The annual inflation rate dropped to 2.8% in February, throwing a curveball at expectations, which had pegged it at 3.1%. It’s like expecting snow in April and getting a sunny day instead – pleasant but puzzling.
For two consecutive months, the inflation rate ...
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Robert Kiyosaki bullish on Silver amidst rising industrial demand
Cryptopolitan (RSS)
Renowned investor and author Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” has recently voiced his bullish stance on silver as an investment opportunity. In a recent statement, Kiyosaki highlighted silver’s multifaceted utility as both a precious metal and a critical component in various industrial applications, asserting that its demand is on the rise.
Silver’s unique position amidst growing demand
Kiyosaki emphasized silver’s significance beyond its traditional role as a store of value, noting its pivotal role in industries and technologies. He pointed out the escalating global demand for silver, fueled in part by ongoing geopolitical tensions and the proliferation of warfare across different regions.
Cryptopolitan (RSS)
Renowned investor and author Robert Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” has recently voiced his bullish stance on silver as an investment opportunity. In a recent statement, Kiyosaki highlighted silver’s multifaceted utility as both a precious metal and a critical component in various industrial applications, asserting that its demand is on the rise.
Silver’s unique position amidst growing demand
Kiyosaki emphasized silver’s significance beyond its traditional role as a store of value, noting its pivotal role in industries and technologies. He pointed out the escalating global demand for silver, fueled in part by ongoing geopolitical tensions and the proliferation of warfare across different regions.
Sam Bankman-Fried lawyers decry ‘medieval’ sentence proposal
Cryptopolitan (RSS)
United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO Sam Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminiscent of a “medieval view of punishment.”
In a response to the government’s sentencing proposal, Bankman-Fried’s legal team, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, asserting that the suggested sentence misrepresents the severity of their client’s crimes. They argued that the proposed term would essentially equate to a “death-in-prison” sentence, which they deemed unjust.
Sam Bankman-Fried’s lawyers counter allegations of high risk
Mukasey and Young put forth several arguments in favor of...
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Cryptopolitan (RSS)
United States prosecutors have recommended a maximum sentence of 50 years in prison for former FTX CEO Sam Bankman-Fried, who was convicted on fraud and money laundering charges in November 2023. This sentencing proposal has sparked controversy, with Bankman-Fried’s lawyers condemning it as reminiscent of a “medieval view of punishment.”
In a response to the government’s sentencing proposal, Bankman-Fried’s legal team, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, asserting that the suggested sentence misrepresents the severity of their client’s crimes. They argued that the proposed term would essentially equate to a “death-in-prison” sentence, which they deemed unjust.
Sam Bankman-Fried’s lawyers counter allegations of high risk
Mukasey and Young put forth several arguments in favor of...
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Coinbase Doubles Down On USDC Stablecoin Payments And Ads
CoinGape (RSS)
To boost the adoption of cryptocurrencies in everyday transactions, Coinbase, a popular crypto exchange, has initiated a move. Coinbase entered into a partnership with Compass Coffee, a prominent veteran-owned coffee chain based in Washington D.C. The collaboration will utilize the USD Coin (USDC) stablecoin for payments in the coffee chain.
Coinbase & Compass Coffee Partnership
The Coinbase and Compass Coffee collaboration aims to introduce customers to the advantages of using cryptocurrency payments. The initiative will be spearheaded by the Compass Coffee’s Half Street store. Hence, the store’s customers will now have the option to pay for their coffee purchases using USDC, according to a ...
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CoinGape (RSS)
To boost the adoption of cryptocurrencies in everyday transactions, Coinbase, a popular crypto exchange, has initiated a move. Coinbase entered into a partnership with Compass Coffee, a prominent veteran-owned coffee chain based in Washington D.C. The collaboration will utilize the USD Coin (USDC) stablecoin for payments in the coffee chain.
Coinbase & Compass Coffee Partnership
The Coinbase and Compass Coffee collaboration aims to introduce customers to the advantages of using cryptocurrency payments. The initiative will be spearheaded by the Compass Coffee’s Half Street store. Hence, the store’s customers will now have the option to pay for their coffee purchases using USDC, according to a ...
View original post
Crypto Price Prediction: Top Altcoins Rebound As BTC Holds Above $60k
CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market has been notably bearish this week following the lead of Bitcoin price correction below $70000. The market-wide correction accelerated further as spot BTC ETFs witnessed a notable outflow in the last two days.
As recently highlighted by Wu Blockchain, Bitcoin spot ETFs saw a substantial net outflow on March 19, totaling US$326 million. Notably, the Grayscale ETF GBTC experienced a single-day net outflow of US$443 million. In contrast, the Bitcoin spot ETF recording the largest net inflow on the previous day was BlackRock ETF IBIT, which saw a modest inflow of US$75.23 million.
...
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CoinGape (RSS)
Crypto Price Prediction: The cryptocurrency market has been notably bearish this week following the lead of Bitcoin price correction below $70000. The market-wide correction accelerated further as spot BTC ETFs witnessed a notable outflow in the last two days.
As recently highlighted by Wu Blockchain, Bitcoin spot ETFs saw a substantial net outflow on March 19, totaling US$326 million. Notably, the Grayscale ETF GBTC experienced a single-day net outflow of US$443 million. In contrast, the Bitcoin spot ETF recording the largest net inflow on the previous day was BlackRock ETF IBIT, which saw a modest inflow of US$75.23 million.
...
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