Tag Archives: BTC

MARKETS NEWS

1.2 Million Dollars of Bitcoin Sent to Satoshi Nakamoto’s Wallet.

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An unknown Bitcoin user sent 27 Bitcoins worth $ 1.2 million to Satoshi Nakamoto’s Genesis wallet. The Genesis wallet in question draws attention as the first wallet created in the Bitcoin network.

It is stated that the person who made the transfer due to the fact that the wallet is not in use cannot get the money back. The majority of the funds sent to Satoshi’s wallet were sent by a Binance user. Coinbase manager Conor Grogan made the following statements on Twitter: “Either Satoshi woke up and bought 27 Bitcoins from Binance, or someone burned a million dollars of money.”

The Genesis wallet is the first wallet created on the Bitcoin network. It was produced by Bitcoin creator Satoshi Nakamoto. Since Satoshi has never used his wallet and has never revealed his true identity, it is thought that the funds will not be returned.

Source: koinbulteni

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS, VIDEO

Cardano Co-Founder Questions Bitcoin’s Governance

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In an interview yesterday, Cardano and Ethereum co-founder Charles Hoskinson expressed concerns about Bitcoin’s governance model and limitations in development.

The discussion, organized by crypto YouTuber Coin Bureau, offered insights into the contrasting governance models between Cardano and Bitcoin.

The concept of governance on blockchain platforms is gaining more and more attention as the industry matures. Governance mechanisms dictate how decisions are made and implemented in a blockchain ecosystem and directly impact the adaptability and long-term viability of that ecosystem.

During the interview, Hoskinson pointed out that the governance approach is one of the key differences between Cardano and Bitcoin. Noting Bitcoin’s “inability to upgrade”, he stated: “Bitcoin’s lack of governance has held it back in many ways. update.”

Hoskinson cited specific examples where Bitcoin governance led to missed developmental milestones. For example, he mentioned Bitcoin’s failure to implement colored coins and sidechains.

Colored coins are a concept that involves tagging certain Bitcoin transactions to represent ownership of external assets and are often referred to as the early precursor to modern Non-Fungible Tokens (NFTs), while sidechains are separate blockchain ledgers that run in parallel to a primary blockchain, allowing asset transfer and different rule sets without affecting the main network.

According to him, these are examples of missed opportunities resulting from the current developer structure of cryptocurrency.

Source: https://cryptonews.com/

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Thomas Lee Reminded the Bitcoin Rise Forecast Again

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There are many different opinions regarding the Bitcoin price. Thomas Lee also reminded his prediction about BTC and stated that he will stick to the $ 200 thousand Bitcoin price prediction even if the current market is negative. We hope Thomas Lee is right, but when?

When there was a big bull season in 2021, Bitcoin reached up to $ 69,000. But Bitcoin did not stay long at $ 69,000. So, will a big bull season come again, and if it will, when will it come? The answer we’ve all been waiting for.

Leading Wall Street strategist Thomas Lee, co-founder of Fundstrat Global Advisors, thinks the cryptocurrency will eventually make a comeback.

source: coingape

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Is Bitcoin price in the hands of new investors?

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Transfer volume from wallets increased from a peak of 8% in January 2021 to 0.4% in September 2022, according to analytics firm Glassnode. It is underlined that the dominant behavior of investors is refusing to sell their bitcoins “despite extremely uncertain global markets”. This was stated by Glassnode in its latest report, and the oldest coins are considered to be the most inactive.

According to Glassnode researchers, it is clear that those holding their bitcoins are not interested in selling at these price levels due to the volatility of the past year. First of all, they are the most experienced who have overcome several previous bearish cycles.

glassnode.com taken from page

The report claims that “almost all market activity is driven by young coins that have repeatedly changed hands.” So, the price of the coin fluctuates mainly due to the movements of those who bought bitcoin less than 6 months ago.

Detail: glassnode.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Why did bitcoin crash? What is the reason for BTC falling below 20K

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Bitcoin had risen to $ 20,381 yesterday. Investors rejoice at every rise, but BTC is falling again. So why did BTC drop below 20K?

Bitcoin had reached its highest level in a few days. Not only cryptocurrencies but also US stocks fell. Benchmark stock indexes fell this Tuesday, with the S&P 500 and Dow trading 0.7% and 0.6% lower, respectively. Bitcoin is still notable with its 4.47% depreciation in September after losing 13.5% in July. On the other hand, the major cryptocurrency fell 72.28% from its record high.

The reason for the Bitcoin crash this time is not Jerome Powell. BTC, which could not pass the resistance zone, seems to be more dominant, going in the downward direction. Bitcoin’s rise and fall could possibly be related to recent sales in stocks. The S&P 500 hit 3,631, its lowest level since November 2020, after a 0.71% pullback today.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

BitMEX Co-Founder Arthur Hayes market comments

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BitMEX co-founder Arthur Hayes said in his blog post that Bitcoin bulls should be “concerned” about the $17,500 price level for BTC, which seems to be the bottom in the current bear market.
“While watching the volatility and movements of the US dollar liquidity index, it seems that the price level of Bitcoin, which should be worried about for a long time, is at $ 17,500. The most likely course of action is to retest this bottom level. Whether the price will stay above this support is entirely in the US dollar. It will depend on the course of the liquidity index.”

Evaluating Ethereum (ETH), Hayes claimed that the second largest cryptocurrency by market capitalization will likely outperform Bitcoin. The cryptocurrency investor also said that it is unlikely that Ethereum will reach at least $10,000 as he predicted at the beginning of the year if monetary tightening continues in the US: “ I am confident that the structural reduction in the supply of ETH will certainly result in a better performance against Bitcoin, but I don’t think ETH will reach a five-digit price by the end of the year if the Fed and the US Treasury continue their plans to reduce the liquidity of the US dollar.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

How low will Bitcoin go, will it drop to $28,000?

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Bitcoin and altcoins fell very fast. So how much will Bitcoin drop, will it drop to $28,000? famous analyst comments. The month of May was not good for the coin market. Bitcoin and altcoins started very low. And still, the cryptocurrency market continues to decline.

Bitcoin has lost a lot of value in the last 24 hours, falling as low as $ 30,380. Ethereum also fell heavily, dropping as low as $2,260 on Sunday evening and losing its support point. However, some experts have warned that the continued gains of the US Dollar Index (DXY) could push Bitcoin, Ether, Cardano, Solana, Shiba Inu and other cryptocurrencies into further corrections.

Darshan Bathija, co-founder and CEO of Singapore-based crypto platform Vauld, said: “The Nasdaq 100 has dropped once again for its fifth week in a row. The crypto markets are moving at the same pace as the stock market, and what we’re seeing right now is investors’ interest in Bitcoin. He sees i as a risky asset. In light of fears of rising inflation, many investors have taken a risk-averse approach by selling stocks and crypto to mitigate risk.”

Peter Brandt wrote on his twitter account on May 1, 2022; He said that the Bitcoin price could drop to $28,000. Today, reevaluating its stance, the revised support target is “buy when everyone else is selling, sell when everyone is buying”.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Microstrategy Denies Reports That It Is Selling Bitcoin

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The Microstrategy company, which regularly buys Bitcoin (BTC), has published news that it sells Bitcoin. Michael Saylor (CEO of Microstrategy) also made a statement on the subject. Microstrategy’s CEO, Michael Saylor, denied claims that Microstrategy was selling Bitcoin.

Michael Saylor, CEO of Microstrategy:
“Microstrategy’s CEO, Michael Saylor, has denied allegations that Microstrategy is secretly selling Bitcoin (BTC). Also, Michael Saylor said they have an obligation to report any such transaction to the SEC” (For buying and holding Bitcoin) or any material changes to Bitcoin holdings, we disclose it to our shareholders through SEC filings.” told

Also, Michael Saylor emphasized that MicroStrategy plans to continue investing in Bitcoin in anticipation of mass adoption. Besides, MicroStrategy has increased its Bitcoin holdings to around 130,000 BTC after investing an extra $200 million on a loan.

quotation

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

El Salvador bought 21 more Bitcoins

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After El Salvador bought 21 more Bitcoins, El Salvador had 1141 Bitcoins (BTC). El Salvador’s President Nayib Bukele has made great gains by buying Bitcoin. But the people of El Salvador still have a reaction to the President.

El Salvador continues to buy Bitcoin (BTC) as Bitcoin drops. continues to increase its Bitcoin reserve by continuing to buy on the decline. El Salvador President Nayib Bukele announced on Twitter that his “government will receive 21 BTC to commemorate the 21st day of the 21st year of the 21st century.” A different perspective for buying bitcoin.

New Salvadoran President Nayib Bukele speaks after receiving the presidential sash during a swearing-in ceremony in San Salvador, El Salvador June 1, 2019. REUTERS/Jose Cabezas

He also posted the image of the receipt for the Bitcoin buy order on Twitter. El Salvador is the first country to recognize Bitcoin as its national currency. I guess as Bitcoin drops, El Salvador will continue to buy Bitcoin (BTC).

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Eric Adams, New York will be the center of Bitcoins

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Saying “New York will be the center of Bitcoins” and supporting Bitcoin, Eric Adams became the new mayor of New York. America may come a new city that supports Bitcoin.

The nominee for the Democratic wing, former police officer and Bitcoin lover Eric Adams, has become mayor of York. Eric Adams, who received about 66 percent of the vote, won another Bitcoin-friendly city in the USA after Miami.

In his speech, 61-year-old mayor Eric Adams said, “I promise New Yorkers. When I’m elected president, you’ll see another city. “This will be the hub of science, cybersecurity, self-driving cars, drones and Bitcoins.”

Photo: nytimes.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua