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JUST IN: Spot Bitcoin ETFs expected to be approved Wednesday and could begin trading this week, CNBC reports.
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A service offering to bypass KYC checks on popular cryptocurrency exchanges has appeared online.
Recently, the OnlyFake service has appeared on the internet, which, for only $15, offers to purchase ID documents generated by AI algorithms for Know Your Customer (KYC) verification.
The service creates realistic fake documents (driver’s licenses and passports) for 26 countries, including the U.S., Canada, the U.K., Australia, and several EU member states, and also accepts cryptocurrencies.
The project’s team claims that it is not breaking the law with its actions, as the resource is designed to create props for shows and movies.
AI has been creating many new challenges for both the world of crypto and the general public.
How exchanges and other services that process documents will combat this issue is still unclear.
Recently, the OnlyFake service has appeared on the internet, which, for only $15, offers to purchase ID documents generated by AI algorithms for Know Your Customer (KYC) verification.
The service creates realistic fake documents (driver’s licenses and passports) for 26 countries, including the U.S., Canada, the U.K., Australia, and several EU member states, and also accepts cryptocurrencies.
The project’s team claims that it is not breaking the law with its actions, as the resource is designed to create props for shows and movies.
AI has been creating many new challenges for both the world of crypto and the general public.
How exchanges and other services that process documents will combat this issue is still unclear.
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The 💰 BTC purchases by BlackRock aren’t slowing down.. in fact in the last update they’ve increased
2 days ago they bought 4604 BTC, bringing their holdings to 56,629
Yesterday they added 6859, bringing their total holdings to 63488 BTC
The latest daily buy amount was 7.6x larger than daily supply (900 BTC)
After the halving in April that would be equivalent to 15x daily supply
And this is just one ETF. Fidelity isn’t far behind IBIT in volume
There’s been $700 million of net inflows in the 3 days of this week so far
2 days ago they bought 4604 BTC, bringing their holdings to 56,629
Yesterday they added 6859, bringing their total holdings to 63488 BTC
The latest daily buy amount was 7.6x larger than daily supply (900 BTC)
After the halving in April that would be equivalent to 15x daily supply
And this is just one ETF. Fidelity isn’t far behind IBIT in volume
There’s been $700 million of net inflows in the 3 days of this week so far
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$3 billion liquidation if BTC now corrects back to $44k 🔪
Bitcoin next:
Only growth -👍
About to get shaved -👎
Bitcoin next:
Only growth -
About to get shaved -
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As 🥇 Bitcoin hit the $52,000 price mark, it has reclaimed the $1tr market cap today, a key milestone, for the first time since December 2021. BTC now has a bigger market capitalization than giants such as Walmart, Tesla, or Berkshire Hathaway.
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US announced the inflation figures:
Stock futures, with contracts tied to the tech-heavy Nasdaq-100 are falling further after the inflation data came in hotter than expected. Core prices, which exclude food and energy items, rose 3.9%. That was also above the 3.7% increase economists expected.
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The price of the sensational token PANDORA corrected by 50%. In addition, the capitalization of the ERC-404 token sector folded by 30%.
What do you think, didn't the music play long or everything is still ahead?
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Media is too big
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Bitcoin growth outlook 🥇
Bitcoin has seen a significant decline in the past few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
📌 Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
📌 Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet 🐳 if you are waiting for BTC at 53k
Bitcoin has seen a significant decline in the past few weeks, losing 21% in value after ETF approval. Will the correction continue or will we see a resumption of the bullish trend in the near future?
📌 Volume Distribution Analysis
On the decline to the $38,600 area, an abnormal buying volume appeared on the futures quote, which triggered the current 7.5% upside wave. Moreover, the volume appeared due to the execution of long-term market maker limit orders placed in the range of $38,800 - $38,000, indicating the interest of informed participants in buying
Globally, BTC is within a wide flat: $44,100 - $37,400. Therefore, the appearance of large volumes to buy at the lower boundary of the range is quite natural, but to expect a significant decline from current prices seems irrational.
📌 Predictive liquidation map
Thanks to modern analysis tools, we can not only track the actions of major participants, but also quantify the mood of the crowd. As you can see from the histogram on the right, a key array of liquidations are above the current price and belong to shorts. These liquidations are a "magnet" for the price.
Priority scenario: bitcoin's continued rise towards a large array of liquidations located at $53,010 per coin.
Bet 🐳 if you are waiting for BTC at 53k
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AlphaQuest counted the number of “dead” cryptocurrencies.
For crypto projects, 2023 was the hardest year over the last 4 years. During this period, developers abandoned 59.35% of tokens tracked on CoinMarketCap.
Analysts studied more than 12,000 projects, identifying the “dead” ones based on four criteria:
— Low liquidity/trading volume
— Dysfunctional site
— Delisted from CoinMarketCap
— Deleted X account (no updates in X for more than three months).
It turns out that almost 60% of projects have been abandoned.
This is why we constantly remind you that any investment in crypto is high risk and to always DYOR.
For crypto projects, 2023 was the hardest year over the last 4 years. During this period, developers abandoned 59.35% of tokens tracked on CoinMarketCap.
Analysts studied more than 12,000 projects, identifying the “dead” ones based on four criteria:
— Low liquidity/trading volume
— Dysfunctional site
— Delisted from CoinMarketCap
— Deleted X account (no updates in X for more than three months).
It turns out that almost 60% of projects have been abandoned.
This is why we constantly remind you that any investment in crypto is high risk and to always DYOR.
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Grayscale's Spot Bitcoin ETF, GBTC, has witnessed massive outflows 🌊 of over $7 billion, yet it still boasts a hefty treasure chest 🏦 of $23 billion in assets.
Although the bleeding has slowed, experts like Nate Geraci, President of ETF Store, brace for possible further dips
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Crypto security tip: Spam scam coins
If you actively interact with your noncustodial wallet, you’ll soon start receiving various scam coins in varying quantities.
Scammers use them for a variety of purposes—e.g., to confuse you into sending funds to their wallet. Or to get you interested in the coin and visit their site.
We recommend you never visit sites representing these suspicious scam tokens. Crypto beginners are curious and interested when they see that a few thousand coins were sent to them “just for fun”; however, don’t believe everything at face value—99.99% of the time, it’s to deceive you.
If you actively interact with your noncustodial wallet, you’ll soon start receiving various scam coins in varying quantities.
Scammers use them for a variety of purposes—e.g., to confuse you into sending funds to their wallet. Or to get you interested in the coin and visit their site.
We recommend you never visit sites representing these suspicious scam tokens. Crypto beginners are curious and interested when they see that a few thousand coins were sent to them “just for fun”; however, don’t believe everything at face value—99.99% of the time, it’s to deceive you.
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WHY ADVERTISING IS REQUIRED TO GROW ANY BUSINESS?
👉 Advertising helps increasing sales
👉 Advertising helps producers or the companies to know their competitors and plan accordingly to meet up the level of competition.
👉 If any company wants to introduce or launch a new product in the market, advertising will make a ground for the product.
👉 Advertising helps making people aware of the new product so that the consumers come and try the product.
👉 Advertising helps creating goodwill for the company and gains customer loyalty after reaching a mature age.
👉 The demand for the product keeps on coming with the help of advertising and demand and supply become a never ending process.
🟢 Join and Share ✈️
👉 Advertising helps increasing sales
👉 Advertising helps producers or the companies to know their competitors and plan accordingly to meet up the level of competition.
👉 If any company wants to introduce or launch a new product in the market, advertising will make a ground for the product.
👉 Advertising helps making people aware of the new product so that the consumers come and try the product.
👉 Advertising helps creating goodwill for the company and gains customer loyalty after reaching a mature age.
👉 The demand for the product keeps on coming with the help of advertising and demand and supply become a never ending process.
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⛏According to Hashlabs, the distribution of mining power in the world is as follows: 40% is concentrated in the USA, primarily due to significant investments in modern and energy-efficient equipment. Despite the cryptocurrency ban in China, it still accounts for 15% of the global Bitcoin mining hashrate. Europe lags behind in this regard due to expensive electricity costs.
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
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Crypto speak: Rip-off
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
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When 💰 Bitcoin crashed to below 16K, the sceptics came out of the woodwork to gloat. We held strong.
Bitcoin is now at $51K & valued at more than $1 Trillion dollars.
Look at this chart.
This is not a bubble.
It is an adoption curve.
Bitcoin goes higher...🚀
Bitcoin is now at $51K & valued at more than $1 Trillion dollars.
Look at this chart.
This is not a bubble.
It is an adoption curve.
Bitcoin goes higher...
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