Author: NBTC
Recent analyses of Bitcoin’s market activity have revealed a notable loss increase for short-term holders, particularly during market corrections. Data segments these holders into different time frames, ranging from one day to six months. The most significant losses were recorded among those who invested in Bitcoin at higher prices and sold during the dips, indicating a pattern of buying high and selling low. Assessing the Realized Losses across the #Bitcoin Short-Term Holder constituent cohorts [1d-1w, 1w-1m, 1m-3m and 3m-6m], we note a large spike in losses around market correction events.This highlights the capitulation of recent investors who have bought the…
Solana’s diverse airdrop ecosystem offers investors exposure to various sectors like DeFi, NFTs, and decentralized exchanges. Airdrops foster community engagement, incentivizing participation and driving adoption within Solana’s thriving ecosystem. By leveraging airdrop opportunities, investors strategically position themselves to capitalize on Solana’s continued growth and innovation. Investors are eager to capitalize on Solana’s booming ecosystem, especially with the potential to earn free tokens through airdrops. The surge in airdrop activity on the Solana network is a promising sign for investors aiming to maximize profits. With Solana’s price hovering around $200, here are eight Solana airdrop recommendations for April 2024 that could…
Amir Taaki, an anarchist revolutionary, hacktivist, and programmer known in the crypto space as one the first Bitcoin core developers, has spoken out on the Samourai Wallet indictment. In a recent blog post, Taaki urged the crypto community to “step up” its game in the face of heightened state-sanctioned regulation and governmental oversight. Taaki regards the arrest of the Samourai Wallet devs as a “wake up call for crypto” to pursue better methods for anonymity and privacy. “Being prepared to resist the surveillance megamachine means forming a completely dark ecosystem where operators are able to mobilize under protected cover,” Taaki…
In addition to the higher seed money, Zhu Haokang also took note of the availability of in-kind subscriptions and redemptions as well as the regulatory clarity in Hong Kong that allowed a spot ether ETF before one was available in the U.S. Also participating in the briefing was Wayne Huang, head of ETF and custody at crypto exchange OSL. Source: Foresight NewsWhat does China Asset Management (Hong Kong) think about the scale of capital inflows on the first day of listing of Hong Kong cryptocurrency ETFs tomorrow?Zhu Haokang : I am very confident that the initial listing scale of Hong…
Stacks Foundation, an innovative team that is working on various implementations of programmable Bitcoin (BTC) L2s, shares details of its latest R&D initiative, its objectives and funding plan. Stacks Working Group starts researching BitVM Stacks Working Group, a new research team of cryptocurrency professionals, starts its study program with focus on BitVM, a computational layer based on Bitcoin (BTC), the largest cryptocurrency. This statement was made by Stacks Foundation’s Head of Growth Mitchell Cuevas on March 28, 2024. Can we build better Bitcoin layers with BitVM? 🟧A new @Stacks Working Group with an initial allocation of $500,000 is going to…
OpenAI is in the eyes of the storm in Europe, as Austrian advocate NOYB (None Of Your Business) had on April 29 accused the AI firm of violating data privacy rules due to inaccurate responses that cannot be corrected. NOYB’s complaint came on the heels of a data subject who queried ChatGPT about his date of birth but received incorrect responses, instead of being informed by the chatbot that it lacked the necessary data, which is a violation of data privacy in the EU. The subject’s name was redacted in the complaint, but NOYB revealed that the individual is a…
Bitcoin’s (BTC) price has the advantage of extremely bullish, highly enthusiastic investors who will never give up on the idea of a bull run. This could be the factor that drives the cryptocurrency’s price up as investors look for profits. Bitcoin Holders’ Bullishness – Optimism or Greed? Bitcoin price has seen considerable influence from investors, where massive accumulation and dumping trigger a rise or decline. This is a good thing since, at the moment, the same momentum is rising, suggesting investors are bullish right now. The Reserve Risk indicator is close to breaking out of the ideal green zone. This…
NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday. Rodriguez, 35, and his Samourai Wallet co-founder William Lonergan Hill, 65, were arrested last week – Rodriguez in Pennsylvania and Hill in Portugal – and charged with one count each of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The charges carry a maximum sentence of 20 years and five years, respectively. Prosecutors have alleged that, between 2015 and the…
American multinational investment bank Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to get Bitcoin ETF exposure for 12 of its funds. The filing states that the Advantage, Asia Opportunity, Counterpoint Global, Developing Opportunity, Global Insight, Global Opportunity, Global Permanence, Growth, Inception, International Advantage, International Opportunity as well and Permanence Portfolios may gain investment exposure to the largest cryptocurrency indirectly via investing in Bitcoin ETFs. The amount of investments into Bitcoin ETF will be restricted by “certain limits.” Morgan Stanley adds that the risk of investing in spot Bitcoin ETFs is comparable to the risk of…
Cryptocurrency analysis firm QCP has published a comprehensive report addressing the latest situation in Bitcoin and the general cryptocurrency market. The report highlights some key economic indicators and policy decisions that can significantly impact the market. The report begins by highlighting some alarming data from the United States. GDP in the USA grew by only 1.6% in the first quarter of 2024 compared to the previous quarter, remaining below the expectation of 2.5%. Meanwhile, Core Personal Consumption Expenditures were above the expectation of 2.6% at 2.8% annually, and Personal Consumption Expenditures were above the expectation of 2.6% at 2.7% annually.…