Bitcoin Price Could Collapse Due to Tether According to Analyst

Bitcoin  Bitcoin Price Could Collapse Due to Tether According to Analyst  50 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Renowned investment analyst Cezary Graf has shared a dire outlook for the Bitcoin price. In his opinion, BTC could collapse to catastrophic levels.  On May 11, Graf said that Bitcoin prices could collapse to $3. This wild prediction was based on Tether and Binances influence over Bitcoin markets.  Graf has often shared his thoughts on several subjects in the field of finance and economics with his 42,500 Twitter followers. On his website, he promotes a series of investment webinars and offers consultation services.  According to the Polish financial advisor, a collapse of Tether or Binance or both could send Bitcoin prices crashing to levels not seen for a decade:  He said (translated):  “Without Tether and Binance, the current 27,000 USDT per BTC will turn into $2.7 per BTC. Then crypto can be financially attractive again. Better to lose an opportunity than money. Better to wait.”  On May 13, he clarified that the price prediction was a fall to $2,700, not $3.  Could Bitcoin Price Collapse?  Tether has a huge influence over crypto markets, with almost $83 billion USDT in circulation. This currently represents around 7% of the entire crypto market capitalization.  However, the

2023-05-15Bitcoin

Beacon Chain Update on Ethereum Network; ETH Price Analysis

Ethereum  Beacon Chain Update on Ethereum Network; ETH Price Analysis  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Last week, the core developers of Ethereum blockchain came with patches for Prysm Labs and Teku clients. As both of these blockchains were facing finality issues. In a tweet, a Ehereum developer has noted that the Beacon chain was having some “confirming transactions issues.” However, the new blocks could be proposed, while the un-identified issue prevented their finalization.  Notably, this outage continued for almost 25 minutes. Then just after that day, a similar issue once again occurred that prevented block finalization for more than an hour. Regarding the recent finality issues on the Ethereum beacon chain, the self-described Ethereum Beacon Chain community health consultant also shared a video.  Furthermore, Ben Edgington, the Founder and product Lead of the Teku ETH2 Client also noted about the issue in his tweet. As he wrote, “Lots of people asking how much ETH was burned by yesterday‘s inactivity leak. Back of envelope (assumes 8 epoch leak, 65% validators offline): About 28 ETH (c. 0.0006 ETH/offline validator). However, attestation rewards were zero for the duration, so that’s ~50 ETH not issued.”  Pagtatasa ng Presyo ng Ethereum (ETH)  At press time, the price of Ethereum

2023-05-15Ethereum

What the Industry Learned from it?

On May 9, 2022, Terra Ecosystem collapsed, wiping over $40 Billion; heres what the industry learned in a year. This major event caused industry leader Bitcoin to drop from $28,000 to $19,000. However, people in close proximity lost a lot. It was also a wake-up call for the industry to enhance user protection, liquidity, and transparency.  Terra Ecosystem Collapse & Lessons Learned  Terra was once the third largest ecosystem after Bitcoin and Ethereum, and it collapsed in just three days in March 2022. The epicenter of the problem was a lending and borrowing protocol, Anchor, promising high yield to its UST depositor. The postmortem of the collapse reveals that the run on Terra was hard to understand and involved multiple chains and assets.  Many large holders of UST adjusted their position on May 7, 2022, followed by multiple traders. As blockchain technology allows the actions of others to be viewed, this facility increases the speed of the run. Some investors were first to run and experienced slammer losses, while others who came late to the party incurred heavier losses.  The systems complexity made it very difficult even for the insiders to understand the buildup of risk.  Preventing governance attacks after a considerable devaluation of Terra

2023-05-14Industriya

Solana Faces Rejection At $21.30 As Selling Pressure Resumes

The price of Solana (SOL) is falling as it crosses below the 50-day line SMA. The move below the moving average lines signals that selling pressure continues.  pangmatagalang forecast ng presyo ng Solana: bearish  Solana hit a low of $20.01 on May 8 before starting to consolidate back above it. The altcoin is now selling at $20.98.  Solana is currently in a positive momentum, but is approaching the overbought area of the market. The $22 resistance zone is the point where the current rise is expected to be rejected. In addition, the market is overbought near the $22 high. If sellers appear in the overbought area, the cryptocurrency value is likely to fall.  Pagsusuri ng tagapagpahiwatig ng presyo ng Solana  Solanas Relative Strength Index is at 45 for the 14 period, and the altcoin is bearish and could fall further into downtrend territory. The current downtrend is due to the price bars falling below the moving average lines. The cryptocurrency has moved up into the overbought zone of the market. It is higher than the daily stochastic value of 80l. As long as the market is in the overbought zone, the altcoin will fall.  Teknikal na mga tagapagpabatid  Mga pangunahing supply zone: $60, $80, $100   Mga pangunahing

2023-05-14Industriya

The Upcoming Jobs Report Could Help Bitcoin Get Bigger

Makuha ang Iyong Unang Bitcoin Sign up at makakuha ng $12 na Bonus na Referral na bonus hanggang $3,000  Assets like bitcoin and Ethereum continue to show signs of recovering from the bearish market conditions traders and investors witnessed last year.  The Many Bitcoin Developments Set to Occur  Not long ago, the U.S. government seized more than $215 million in bitcoin taken from the Silk Road dark web market, started by Ross Ulbricht. While the man in charge may be in prison, the enterprise continues to operate as though nothing has changed.  Now, it looks like theres going to be another $1 billion in BTC sold over the next year, and many analysts think this could have huge effects on the price of bitcoin and where the asset goes within the next 12 months. Alex Kuptsikevich – an FX Pro senior market analyst – explained in a recent interview:  The former cryptocurrency is stuck in local highs, above which it has been unable to consolidate since March 19. This prolonged consolidation sets the stage for the next big move. The resolution of this consolidation is likely to be linked to the market‘s reaction to Friday’s non-farm payrolls. Technically, a pullback to the $27,000 level to

2023-05-14Industriya

House Hearings Reveal Deepening Party Divide

House representatives gathered last week to discuss regulatory gaps in crypto and discuss which regulatory agency should be taking the lead. The hearing revealed what areas industry members should keep an eye on for policy, and uncovered some of the main points of contention between political parties.  On Wednesday, digital asset subcommittee members from the House Financial Services and Agriculture committees gathered to hear from six witnesses on the state of crypto regulation. Main topics of discussion included identifying the respective roles of the SEC and CFTC and establishing definitions for “digital commodity” and “digital security,” both of which have turned out to be highly politicized.  Just after the hearing adjourned, a leaked internal memo circulated amongst House Financial Services Committee Democrats revealed the party advised lawmakers to advocate for the SEC as the primary regulator overseeing crypto. The document praised SEC Chair Gary Gensler for his recent enforcement action streak this year, which is on pace to eclipse 2022s record number of 30 crypto-related actions.  Crypto industry members find the suggestion troubling, as SEC Chair Gary Gensler continues to take an aggressive stance on crypto token classification. Gensler has said he believes “most” cryptocurrencies are securities, although he faced additional criticism when

2023-05-14Industriya

Vietnam’s Richest Person To List VinFast In U.S. Via $23 Billion SPAC Deal With Lawrence Ho’s Black Spade

Balita ng Ethereum ng Bitcoin  Le Thi Thu Thuy, global chief executive officer of VinFast, standing in front of VinFast LLCs VF8  VinFast—controlled by Vietnam‘s richest man Pham Nhat Vuong’s VinGroup—has agreed to merge with casino mogul Lawrence Hos Black Spade Acquisition Co. in a deal valuing the electric vehicle maker at over $23 billion.  The deal with Black Spade, a special purpose acquisition company or SPAC, is expected to be completed in the second half of this year. It paves the way for the U.S. listing of VinFast, which has been seeking to launch an IPO in the U.S. in the past two years to help bankroll its global expansion.  “VinFast has already demonstrated the ability to quickly reach international markets,” Thuy Le, global CEO of VinFast, said in a statement. “The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions.”  VinFast, which plans to build a factory in North Carolina, started shipping its vehicles to the U.S. in November to directly challenge EV giant Tesla in its home market. Shipments to Canada and Europe are expected later this year.  Bukod sa pagmamanupaktura ng sasakyan, ang nagkokontrol na shareholder ng VinFast na

2023-05-14Industriya

Investors Pick Sparklo (SPRK) As Alternative Investment Option over Shiba Inu (SHIB) and Sui (SUI)

Shiba Inu (SHIB) and Sui (SUI) are two of the most talked about cryptocurrencies in the market today. Investors expected alot from these tokens, and they did perform until they didnt.  Due to the growing disappointment in Shiba Inu (SHIB) and Sui (SUI) tokens, many investors are now researching alternative cryptocurrency options, with Sparklo emerging as a popular option.  Sui (SUI) Greeted By The Bears  The highly awaited native token Sui (SUI) and the SUI Layer 1 blockchain made its Mainnet debut on Wednesday, ushering in a new era for the cryptocurrency industry. The cryptocurrency community was enthusiastic at the announcement of Sui (SUI)s launch on prominent exchanges, and Sui (SUI) did not disappoint. Its native token achieved over 2,000% growth in the first hour of listing and had a strong upward trend.  Sui (SUI) was seen to have hit the $2.16 mark at the time of its debut and listing on exchanges, before backtracking as a result of selloffs.  The prospects and price potential of layer 1 blockchain tokens have, however, caught the interest of cryptocurrency investors. On day 3 of its listing, Sui (SUI) has failed to maintain its price increase. Sui (SUI) has been greeted by the bears.  The layer 1 blockchain tokens

2023-05-14Industriya

Cartoon Characters, Make-A-Wish Trips And Inflight Fragrances

Summer travel is almost here, and airlines are gearing up for a busy season. But, they are also  Booming travel is great for the airline industry, but also means that prices are quite high for summer travel. According to the World Travel and Tourism Councils 2023 Economic Impact Research (conducted in partnership with Oxford Economics), travel and tourism in the U.S. is expected to contribute as much as $2.24 trillion to the economy this year, up from $2.17 trillion in 2019. Riding the wave of strong business, airlines are also investing in new products and community programs. Here are some of the latest airline news and updates for the summer season.  JetBlue connects with top luggage company  JetBlue Airways Passenger Airplane Taxiing to Gate After Arriving at John F. Kennedy International  makulit  JetBlue and United States Luggage Company, which owns brands like Solo and Briggs and Riley, have partnered to place the brand‘s luggage on JetBlue’s merchandise platform Paisly.com. People can purchase new luggage while they are also buying their flights combining the travel shopping experience into one place. Travelers can also book rental cars, hotels and other travel activities via the platform. An extra benefit for buying items on the platform is that they

2023-05-14Industriya

Bitcoin Cash (BCH) to Receive Key Upgrade: Details

Bitcoin Cash, a spin-off of the Bitcoin blockchain, is scheduled to undergo a major upgrade on May 15.  Tulad ng iniulat ng Wu Blockchain, the upgrade mainly adds the CashTokens issuance token mechanism, similar to ERC20. The Bitcoin Cash network upgrade scheduled for May 15 will enable smart contracts “comparable to Ethereum” but noticeably more effective, according to BCH developer Jason Dreyzehner.  Binance will support the Bitcoin Cash (BCH) network upgrade at 2023-05-15 12:00 (UTC). This upgrade mainly adds the CashTokens issuance token mechanism similar to ERC20, and also adds P2SH32, which expands the P2SH address from 20 to 32 for better security.…  - Wu Blockchain (@WuBlockchain) Mayo 14, 2023  As stated in a Network Upgrade Specification document, the following changes to the Bitcoin Cash network would activate in the May 15 upgrade: CHIP-2021-01 Restrict Transaction Version, CHIP-2021-01 Minimum Transaction Size, CHIP-2022-02 CashTokens and CHIP-2022-05 P2SH32.  CashTokens CHIP is viewed as a boon to economic freedom by its supporters. The upgrade will enable “advanced on-chain applications like higher-security vaults, decentralized exchanges and bridged sidechains,” which are similar to Ethereum, more scalable and less expensive. This is in addition to UTXO-level token creation.  The upgrade also adds P2SH32, which expands the P2SH address from 20 to 32

2023-05-14Bitcoin
1
...
493495
...
1000