BTC Could Dip Below $15k As U.S. NFP Report Shows High Values
Bitcoin (BTC) is currently trading in a temperate zone which has a pivotal role in the asset’s price movement. Amidst this tension, the Chief Investment Officer of American hedge fund AlphaTrAI has forecasted a bearish turn of events for BTC as the Nonfarm Payrolls (NFP) report indicate a higher employment rate.
Max Gokhman believes BTC could fall to $15kMax Gokhman, Chief Investment Officer at AlphaTrAI, believes BTC is capable of hitting $15k in this cycle. Gokhman made this prediction while speaking in an interview with Bloomberg. According to Gokhman, the premise this prediction could materialize is a higher-than-expected employment rate from the U.S. jobs report.
Gokhman noted that if the Federal Reserve witnesses more jobs than expected, there could be a follow-up interest rate hike. This interest rate hike and the dread will likely push BTC below the delicate support at $20k.
Bitcoin (BTC) is currently trading in a temperate zone which has a pivotal role in the asset’s price movement. Amidst this tension, the Chief Investment Officer of American hedge fund AlphaTrAI has forecasted a bearish turn of events for BTC as the Nonfarm Payrolls (NFP) report indicate a higher employment rate.
Max Gokhman believes BTC could fall to $15kMax Gokhman, Chief Investment Officer at AlphaTrAI, believes BTC is capable of hitting $15k in this cycle. Gokhman made this prediction while speaking in an interview with Bloomberg. According to Gokhman, the premise this prediction could materialize is a higher-than-expected employment rate from the U.S. jobs report.
Gokhman noted that if the Federal Reserve witnesses more jobs than expected, there could be a follow-up interest rate hike. This interest rate hike and the dread will likely push BTC below the delicate support at $20k.
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure to “implement effective sanctions compliance controls” between March 2014 and December 2017.
Crypto Exchange Bittrex Charged With US Sanctions Violations, Washington State Trading Platform Agrees to SettleThe Washington State-based crypto asset exchange Bittrex has been charged by FinCEN and OFAC over “116,421 apparent violations of multiple sanctions programs.” According to the regulators from the U.S. Treasury department, the violations stemmed from transactions that were from “persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria.” U.S. officials say that the transactions added up to $263.45 million worth of crypto transactions that were in violation of America’s financial sanctions.
OFAC director, Andrea Gacki, explained that when virtual asset service providers (VASPs) do not leverage strong sanctions compliance, the transactions can threaten the nation as a whole. “When virtual currency firms fail to implement effective sanctions compliance controls, including screening customers located in sanctioned jurisdictions, they can become a vehicle for illicit actors that threaten U.S. national security,” Gacki remarked on Tuesday.
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure to “implement effective sanctions compliance controls” between March 2014 and December 2017.
Crypto Exchange Bittrex Charged With US Sanctions Violations, Washington State Trading Platform Agrees to SettleThe Washington State-based crypto asset exchange Bittrex has been charged by FinCEN and OFAC over “116,421 apparent violations of multiple sanctions programs.” According to the regulators from the U.S. Treasury department, the violations stemmed from transactions that were from “persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria.” U.S. officials say that the transactions added up to $263.45 million worth of crypto transactions that were in violation of America’s financial sanctions.
OFAC director, Andrea Gacki, explained that when virtual asset service providers (VASPs) do not leverage strong sanctions compliance, the transactions can threaten the nation as a whole. “When virtual currency firms fail to implement effective sanctions compliance controls, including screening customers located in sanctioned jurisdictions, they can become a vehicle for illicit actors that threaten U.S. national security,” Gacki remarked on Tuesday.
Polygon, Cardano, and Solana — Top 3 Altcoins On The Cusp Of Meteoric Boost In Q4 2022
The crypto market has a few crypto assets looking poised for a bullish breakout in adoption and price performance and are worth looking out for in November and December. Among these are Polygon (MATIC), Cardano (ADA), and Solana (SOL).
MATIC has been soaring on the back of several bullish ecosystem announcements. For one, Meta announced that its subsidiary, social media platform Instagram, would employ the Polygon blockchain for its upcoming in-app non-fungible token (NFT) minting feature.
The crypto market has a few crypto assets looking poised for a bullish breakout in adoption and price performance and are worth looking out for in November and December. Among these are Polygon (MATIC), Cardano (ADA), and Solana (SOL).
MATIC has been soaring on the back of several bullish ecosystem announcements. For one, Meta announced that its subsidiary, social media platform Instagram, would employ the Polygon blockchain for its upcoming in-app non-fungible token (NFT) minting feature.
Super Protocol announces an open call for strategic partners and investors to lead its next round
An open call for strategic partners and investors to lead Super Protocol’s next round has been issued. Super Protocol is an Intel SGX-powered decentralized platform designed to make confidential computing accessible to a wide audience of application developers.
To facilitate the next generation of decentralized cloud services, Super Protocol is developing a distributed platform. Super Protocol is set to create a network of service providers and make confidential computing Web3 native by leveraging Intel SGX technology.
An open call for strategic partners and investors to lead Super Protocol’s next round has been issued. Super Protocol is an Intel SGX-powered decentralized platform designed to make confidential computing accessible to a wide audience of application developers.
To facilitate the next generation of decentralized cloud services, Super Protocol is developing a distributed platform. Super Protocol is set to create a network of service providers and make confidential computing Web3 native by leveraging Intel SGX technology.
Trader Who Sold Bitcoin at the Top Returns to Crypto Markets, Accumulating BTC, Ethereum, XRP and One Additional Altcoin
A savvy trader who sold Bitcoin (BTC) at its peak has returned to the crypto markets, accumulating BTC, Ethereum (ETH), and other altcoins.
In a new strategy session, pseudonymous crypto analyst DonAlt tells his 45,100 YouTube subscribers that he’s now looking to see whether BTC can hold onto an important support level.
A savvy trader who sold Bitcoin (BTC) at its peak has returned to the crypto markets, accumulating BTC, Ethereum (ETH), and other altcoins.
In a new strategy session, pseudonymous crypto analyst DonAlt tells his 45,100 YouTube subscribers that he’s now looking to see whether BTC can hold onto an important support level.
RBI Calls for a Common Global Approach On Cryptocurrencies
The Reserve Bank of India (RBI) has once again expressed concerns over the growing digital asset ecosystem. In particular, it cited the recent turmoil in the cryptocurrency sector as one of the global micro financial risks.
In its latest Financial Stability Report, the Indian central bank says a common approach is necessary to ensure consumer and investor protection and address future financial stability risks.
“In this context, various options are being considered internationally. One option is to apply the same-risk-same-regulatory-outcome principle and then to the same regulation applicable to traditional financial intermediaries and exchanges. Another option is to prohibit crypto assets since their real life use cases are next to negligible.”
The Reserve Bank of India (RBI) has once again expressed concerns over the growing digital asset ecosystem. In particular, it cited the recent turmoil in the cryptocurrency sector as one of the global micro financial risks.
In its latest Financial Stability Report, the Indian central bank says a common approach is necessary to ensure consumer and investor protection and address future financial stability risks.
“In this context, various options are being considered internationally. One option is to apply the same-risk-same-regulatory-outcome principle and then to the same regulation applicable to traditional financial intermediaries and exchanges. Another option is to prohibit crypto assets since their real life use cases are next to negligible.”
Stablecoins Come Under The SEC’s Crosshairs, But Paxos Still Has A Few Options Left Up Its Sleeve
The SEC’s squabble with Paxos has kept the stablecoin industry under tension, with industry stakeholders scanning the horizon.Paxos could opt to settle or face the SEC in court, offering multiple outcomes for the industry.At the moment, the Wells notice only orders Paxos to halt the minting of BUSD, leading to a 17% reduction of the stablecoin’s dominance.Following the SEC’s notice to Paxos to stop minting Binance USD (BUSD), only a handful of options remain for the issuing entity, each potentially changing the entire stablecoin ecosystem.
On Feb 13, the U.S. Securities and Exchange Commission (SEC) announced that it was opening an investigation into the issuance of BUSD on allegations that it violated existing securities regulations. Although the SEC is yet to proceed with legal action against BUSD issuer Paxos, the firm is expected to give reasons to the Commission on why it should not be dragged to court.
The SEC’s squabble with Paxos has kept the stablecoin industry under tension, with industry stakeholders scanning the horizon.Paxos could opt to settle or face the SEC in court, offering multiple outcomes for the industry.At the moment, the Wells notice only orders Paxos to halt the minting of BUSD, leading to a 17% reduction of the stablecoin’s dominance.Following the SEC’s notice to Paxos to stop minting Binance USD (BUSD), only a handful of options remain for the issuing entity, each potentially changing the entire stablecoin ecosystem.
On Feb 13, the U.S. Securities and Exchange Commission (SEC) announced that it was opening an investigation into the issuance of BUSD on allegations that it violated existing securities regulations. Although the SEC is yet to proceed with legal action against BUSD issuer Paxos, the firm is expected to give reasons to the Commission on why it should not be dragged to court.
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin network.”
Breaking Away from Custodians and Bridges: The Benefits of Chain-Key Bitcoin’s Smart Contract-Based System
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin network.”
Breaking Away from Custodians and Bridges: The Benefits of Chain-Key Bitcoin’s Smart Contract-Based System
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Top Trader Updates Outlook on Bitcoin and One New Ethereum Rival, Says This Crypto Asset Class Is Going to Zero
A popular crypto strategist is updating his outlook on Bitcoin (BTC) and one Ethereum (ETH) rival as he warns memecoins are likely to collapse.
Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that Bitcoin continues to lack a clear upward or downward trend and remains trading sideways.
A popular crypto strategist is updating his outlook on Bitcoin (BTC) and one Ethereum (ETH) rival as he warns memecoins are likely to collapse.
Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that Bitcoin continues to lack a clear upward or downward trend and remains trading sideways.
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Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Largest Bitcoin Whales ‘Aggressively’ Accumulating BTC, Says Analytics Firm Glassnode – But There’s a Catch
The largest non-exchange Bitcoin (BTC) whales have been “aggressively” accumulating the top digital asset for the last month and a half, according to the crypto analytics platform Glassnode.
Glassnode also notes, however, that all other sizes of non-exchange BTC owners have been unloading their Bitcoin holdings across that same time period.
The largest non-exchange Bitcoin (BTC) whales have been “aggressively” accumulating the top digital asset for the last month and a half, according to the crypto analytics platform Glassnode.
Glassnode also notes, however, that all other sizes of non-exchange BTC owners have been unloading their Bitcoin holdings across that same time period.
Qi Blockchain Aims to Become the Most Efficient Payment Rail in the World
London, England – Qi Blockchain announces to become the most efficient payment rail in the world. Imagine if every payment in the world was as fast, cheap, and global as sending an email. Banking has driven the world for finance for long, but there was a longstanding demand for a complete revamp to better serve the public, given the increased number of transactions and the average value for each. Simply put, banks can no longer offer the same service, and even if they could, it’s no match for the new-age technologies, particularly blockchain. Blockchain, though new, has captured the market and captivated millions with its enhanced reach, easy-to-use features, privacy, security, and user-centric approach. And it’s almost time blockchain will redefine banking, making it accessible to millions more worldwide. And Qi blockchain is leading on this front.
London, England – Qi Blockchain announces to become the most efficient payment rail in the world. Imagine if every payment in the world was as fast, cheap, and global as sending an email. Banking has driven the world for finance for long, but there was a longstanding demand for a complete revamp to better serve the public, given the increased number of transactions and the average value for each. Simply put, banks can no longer offer the same service, and even if they could, it’s no match for the new-age technologies, particularly blockchain. Blockchain, though new, has captured the market and captivated millions with its enhanced reach, easy-to-use features, privacy, security, and user-centric approach. And it’s almost time blockchain will redefine banking, making it accessible to millions more worldwide. And Qi blockchain is leading on this front.
BlackRock ETF Trade in Full Effect for Bitcoin as US Investors Actively Accumulating BTC, Says On-Chain Analyst
On-chain analyst William Clemente says that US investors have been piling into Bitcoin (BTC) ever since the news about BlackRock’s exchange-traded fund (ETF) bid took center stage.
In a new interview with BTC bull Anthony Pompliano, Clemente says that there are three pieces of evidence suggesting that US-based institutions have been actively accumulating the crypto king since BlackRock announced its application for a spot-based Bitcoin ETF.
On-chain analyst William Clemente says that US investors have been piling into Bitcoin (BTC) ever since the news about BlackRock’s exchange-traded fund (ETF) bid took center stage.
In a new interview with BTC bull Anthony Pompliano, Clemente says that there are three pieces of evidence suggesting that US-based institutions have been actively accumulating the crypto king since BlackRock announced its application for a spot-based Bitcoin ETF.
Going Crypto Makes Sense for Elon Musk’s X
While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon Musk’s intentions of incubating a global content ecosystem.
Elon Musk’s X Seeks to Open an ‘Entire Financial World’While the acquisition and transition of X, the platform formerly known as Twitter, to the hands of Elon Musk, tech visionary, and eccentric millionaire, has not been without its hiccups, it’s undeniable that Musk’s vision has changed the direction of the company – for good or otherwise, depending who you ask to. The legacy Twitter, commandeered by Jack Dorsey, felt like more of a traditional Nasdaq-listed company with processes carried out by company employees, and users were separated from it.
Musk has tried to scrap this notion, having a more close-to-the-user approach and introducing the idea of rewarding content providers with part of the revenue received by the company using this content as the hook. This is nothing new, as monetization has been implemented widely in the content industry; however, X seems to want to do it in the most universal way possible.
While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon Musk’s intentions of incubating a global content ecosystem.
Elon Musk’s X Seeks to Open an ‘Entire Financial World’While the acquisition and transition of X, the platform formerly known as Twitter, to the hands of Elon Musk, tech visionary, and eccentric millionaire, has not been without its hiccups, it’s undeniable that Musk’s vision has changed the direction of the company – for good or otherwise, depending who you ask to. The legacy Twitter, commandeered by Jack Dorsey, felt like more of a traditional Nasdaq-listed company with processes carried out by company employees, and users were separated from it.
Musk has tried to scrap this notion, having a more close-to-the-user approach and introducing the idea of rewarding content providers with part of the revenue received by the company using this content as the hook. This is nothing new, as monetization has been implemented widely in the content industry; however, X seems to want to do it in the most universal way possible.
Shiba Inu’s Shibarium Sees Super Bullish Momentum, But Can It Trigger SHIB Price to Astronomical Highs?
Lucie, the Chief Marketing Strategist for Shiba Inu, has taken to Twitter to provide crucial insights into the upcoming launch of Shibarium’s Layer 2 solution, igniting a wave of excitement within the Shiba Inu community.
In a series of tweets on Sunday, Lucie unveiled the highlights of Shibarium, shedding light on its transformative features and benefits. Shibarium Layer 2 is poised to revolutionize the Shiba Inu blockchain experience, promising ultra-low transaction fees, rapid transactions, and freedom from centralized control. Lucie emphasized that to unlock the full potential of Shibarium; users will require $BONE, a key ingredient for accessing its capabilities.
Lucie, the Chief Marketing Strategist for Shiba Inu, has taken to Twitter to provide crucial insights into the upcoming launch of Shibarium’s Layer 2 solution, igniting a wave of excitement within the Shiba Inu community.
In a series of tweets on Sunday, Lucie unveiled the highlights of Shibarium, shedding light on its transformative features and benefits. Shibarium Layer 2 is poised to revolutionize the Shiba Inu blockchain experience, promising ultra-low transaction fees, rapid transactions, and freedom from centralized control. Lucie emphasized that to unlock the full potential of Shibarium; users will require $BONE, a key ingredient for accessing its capabilities.
North Korean Hackers Use Russian-Based Exchanges to Launder Stolen Crypto, Report
Hacking groups linked to North Korea are increasingly using exchanges in Russia to launder crypto, Chainalysis revealed. The shift in their strategy, registered by the blockchain forensics firm, coincides with a drop in the value of the stolen cryptocurrency this year in comparison with the record-breaking 2022.
Chainalysis Report Alleges New Alliance Between North Korean and Russian CybercriminalsOnchain data examined by crypto analytics company Chainalysis suggests that hackers associated with the Democratic People’s Republic of Korea (DPRK) are more and more often using cryptocurrency exchanges based in the Russian Federation to launder illicit digital assets.
The release of the report coincides with a summit of the leaders of the two sanctioned nations, Kim Jong-un and Vladimir Putin, who met for suspected arms talks. It also comes as U.N. sanctions monitors are drawing attention to Pyongyang’s changing tactics in cyberattacks against crypto and financial exchanges seeking to obtain funds for its nuclear weapons and missile programs.
Hacking groups linked to North Korea are increasingly using exchanges in Russia to launder crypto, Chainalysis revealed. The shift in their strategy, registered by the blockchain forensics firm, coincides with a drop in the value of the stolen cryptocurrency this year in comparison with the record-breaking 2022.
Chainalysis Report Alleges New Alliance Between North Korean and Russian CybercriminalsOnchain data examined by crypto analytics company Chainalysis suggests that hackers associated with the Democratic People’s Republic of Korea (DPRK) are more and more often using cryptocurrency exchanges based in the Russian Federation to launder illicit digital assets.
The release of the report coincides with a summit of the leaders of the two sanctioned nations, Kim Jong-un and Vladimir Putin, who met for suspected arms talks. It also comes as U.N. sanctions monitors are drawing attention to Pyongyang’s changing tactics in cyberattacks against crypto and financial exchanges seeking to obtain funds for its nuclear weapons and missile programs.
Bitget Announces Second Phase Of The Bitget Builders Progam, Targeting Over 100 Young Talents
Bitget, a leading cryptocurrency platform, is elated to announce the second phase of the Bitget Builder Program that follows a successful first phase.
According to the Bitget team, the second phase aims to recruit over 100 young talents across the globe to provide them with tools and resources for their blockchain and crypto interaction. As part of the Blockchain4Youth charity project, the Bitget Builders Program seeks to provide its participants with comprehensive education and access to industry experts, trading, and tools in the field of blockchain, crypto, and Web3.
Bitget, a leading cryptocurrency platform, is elated to announce the second phase of the Bitget Builder Program that follows a successful first phase.
According to the Bitget team, the second phase aims to recruit over 100 young talents across the globe to provide them with tools and resources for their blockchain and crypto interaction. As part of the Blockchain4Youth charity project, the Bitget Builders Program seeks to provide its participants with comprehensive education and access to industry experts, trading, and tools in the field of blockchain, crypto, and Web3.