In 2023, Bitcoin $BTC embarked on a rollercoaster journey, with a robust start that ignited hopes of a crypto market resurgence. However, recent fluctuations have left it teetering around the $26,000 mark, casting uncertainty over its future, especially in light of the impending Bitcoin halving in 2024. Over the past month, Bitcoin has suffered a drop exceeding 10%, further intensifying the atmosphere of unpredictability.

$BTC market cap and 24h volume

Financial analyst Layah Heilpern diligently compiled a range of forecasts from experts regarding Bitcoin price prediction in 2024. These predictions diverge significantly; Tim Draper is optimistic with a lofty projection of $250,000, while JP Morgan adopts a more cautious stance with an estimated $45,000. Cathie Wood's audacious prediction of $1 million stands out, Arthur Hayes anticipates $70,000, and Robert Kiyosaki envisions Bitcoin scaling the heights of $100,000.

Amid this array of forecasts, Layah Heilpern makes her prediction, positing a target of $75,000 for Bitcoin in 2024. However, she adds an intriguing twist, suggesting that the bull market might not materialize until 2025. Her statement on X underscores this perspective, "My projection appears the most grounded. I foresee the real bull market igniting in 2025.

BTC current price

Reflecting on Bitcoin's recent history, it reached a record pinnacle of $68,789.63 in 2021 but experienced a substantial decline to $15,760 in 2022. The onset of 2023 brought renewed optimism as Bitcoin surged by 83%, breaching the $31,035 mark. However, mid-August delivered an unexpected blow, resulting in a rapid 7.2% drop that saw Bitcoin's value plummet from $29,000 to $26,000 in less than a day. Currently, Bitcoin hovers around $26,632, with a prevailing bearish sentiment permeating the market.

The market is likely to face heightened volatility in the upcoming week due to the release of PPI and CPI rate updates. This will add to the already complex situation.

Disclaimer: 

This article is only for info purposes only & should not be considered investment advice. Cryptocurrencies are highly volatile, and investors should research and consider the risks before investing. 

#CoinRocco #crypto2023 #Binance #bitcoin #crypto

A big privacy problem happened at Friend.tech. They had a leak and 101,000 users' private info got out. A person named Banteg shared this info on GitHub. He found details of 101,000 Friend.tech users.

The leaked info included their wallet addresses and Twitter usernames. Banteg said that over 101,000 people let Friend.tech post on their behalf, and this got out in a database leak. But there's more to the problem. Banteg said that users might not have understood how much permission they were giving to Friend.tech.

This all started when people found out that Friend.tech's system accidentally showed private info through its interface. This let people see users' wallets and Twitter usernames.

Friend.tech is a new platform where people can buy and sell parts of their social networks. There's a fee when people do this, and the project is built on Coinbase's technology.

When this leak happened, Friend.tech tried to say it wasn't a big deal. They claimed the info was already public through their system, like looking at public tweets.

This is a big worry because Friend.tech was growing fast. They got lots of famous people to join and made over $1.42 million in fees in a day. The person behind the project, Racer, made other social networks using digital tokens before. With Friend.tech, Racer wants to get crypto influencers to join and make money from trading fees. They also want to make good connections in the crypto industry.

#crypto2023 #Cryptonews #CoinRocco #BTC #crypto

$BTC $ETH $BNB

In the ever-evolving world of cryptocurrency trading, newcomers often find themselves in an exciting yet challenging terrain. Navigating this landscape demands a blend of strategic thinking, patience, and a dash of courage. Whether you're just stepping into the crypto realm or seeking to refine your approach, here are five valuable tips to guide your journey:

1. Knowledge is Your Superpower

Before diving headfirst, arm yourself with knowledge. Research different cryptocurrencies, their use cases, and the technology behind them. Understanding market trends and news will help you make informed decisions, preventing hasty moves based on FOMO (Fear of Missing Out).

2. Start Small, Learn Big

Cryptocurrency trading can be as thrilling as it is daunting. Begin with a small investment that you're comfortable losing. As you gain experience and confidence, you can gradually increase your stakes. Remember, Rome wasn't built in a single day, and neither was a successful trading strategy.

3. Embrace the Art of Patience

In a fast-paced world, patience is your secret weapon. Crypto markets are notorious for their volatility. Avoid making impulsive trading decisions based on short-term fluctuations. Successful traders analyze trends over time and base their strategies on well-researched insights.

4. Diversify, Don't Put All Eggs in One Basket.

While certain cryptocurrencies might hog the limelight, diversification is key. Spread your investments across several different types of cryptocurrencies to mitigate risks. Just as in traditional investing, diversification can help cushion the impact of potential losses.

5. Stay Secure: Protect Your Assets

Security is paramount in the crypto world. Opt for reputable cryptocurrency exchanges like Binance, which offer advanced security features. Utilize hardware wallets to safeguard your digital assets offline. Always double-check URLs and be cautious of phishing attempts to prevent falling victim to scams.

Remember, every crypto journey is unique. The road may be filled with twists and turns, but it's also rich with opportunities. So, approach it with a curious mindset, a thirst for knowledge, and a willingness to adapt and learn. May your crypto endeavors be rewarding and your journey filled with growth.

#CryptocurrencyTips #CoinRocco #CryptoInsights #cryptocurrency #crypto2023

NFA: Not Financial Advice. Cryptocurrency trading involves risks, and it's essential to conduct thorough research & seek professional guidance before making investment decisions.

Cryptocurrency Weekly Digest: The cryptocurrency world is constantly buzzing with activity, and investors need to stay informed about the latest developments. This weekly update will cover the significant events and announcements shaping the cryptocurrency landscape from September 4 to September 10. These insights can help investors anticipate price movements and make well-informed decisions.

Key Developments of the Week

September 4, Monday

US Labor Day Holiday: Markets may see reduced activity due to the US Labor Day holiday.

European Central Bank President Lagarde Speech: Any comments from Lagarde regarding interest rates could influence the DXY.

CYBER-OpBNB Integration: Keep an eye on $CYBER and OpBNB integration developments.

Baby DogeCoin ($BABYDOGE) AI Project: BABYDOGE is set to announce a new AI project, potentially impacting its value.

September 5, Tuesday

China Composite PMI: The release of China’s Composite PMI data can affect $BTC and the overall crypto market.

September 6, Wednesday

US Services PMI: Wednesday brings the US Services PMI data, offering insights into the current state of the US economy.

US ISM PMI: The US ISM PMI data provides additional signals about the economy.

US Fed Beige Book: Watch for the release of the Beige Book in the evening, as it may contain surprise details.

September 7, Thursday

Eurozone Gross Domestic Product (GDP): Eurozone GDP figures can impact both the euro and the broader market.

US Initial Jobless Claims: Keep an eye on initial jobless claims data as it’s released.

Fed/Williams and Bowman Speech: Statements from Fed members could influence market sentiment.

September 8, Friday

Fed/Barr Speech: Another speech from the Fed’s Barr may provide insights into monetary policy.

September 9, Saturday

China Inflation: China’s inflation figures may have implications for cryptocurrencies.

IMX Unlock: Watch for unlocking IMX tokens worth $9.95 million.

How Will Cryptocurrencies Be Affected?

As we delve into the week, here’s what to expect:

Monday: Look out for potential volatility related to CYBER and BABYDOGE. Lagarde’s statements on interest rates could affect the DXY.

Tuesday: China’s data release is crucial, given its historical impact on BTC and the broader market.

Wednesday: The PMI data will provide valuable insights into the US economy, potentially leading to market volatility. The Beige Book may reveal surprise details.

Thursday and Friday: Speeches by Fed members could influence the market, so pay attention to their remarks.

While this week appears relatively calm, remember that the cryptocurrency market is known for surprises. Stay prepared and conduct thorough research before making any investment decisions.

Disclaimer: 

This article is only for info purposes only & should not be considered investment advice. Cryptocurrencies are highly volatile, and investors should research and consider the risks before investing. 

#CoinRocco #CryptoNews #Cryptocurrency #MarketAnalysis #InvestmentTips

U.S. Dollar vs Chinese Yuan

In the world of global currencies, everyone’s talking about the Chinese yuan possibly becoming the world’s top reserve currency. But hold on, says Skylar Montgomery, a savvy global macro strategist at Globaldata TS Lombard. She has some down-to-earth insights suggesting the yuan’s path to currency supremacy won’t be a walk in the park.

First, Skylar reminds us that the U.S. dollar isn’t just any currency. It’s the big cheese, the heavyweight champion, and it comes with a boatload of perks for the United States. 

Having the world’s reserve currency gives the U.S. severe sway in politics, economics, and markets. But here’s the twist – the U.S. is starting to use the dollar like a political tool. Case in point: the West is freezing Russia’s money stash over the Ukraine crisis.

This kind of dollar power play has triggered other countries, including Russia, China, and the BRICS bunch (Brazil, Russia, India, China, and South Africa), to look for an alternative to the dollar. But despite all the buzz about ditching the dollar, it’s not happening overnight. The dollar’s share of global currency reserves has slipped from 72% in 2000 to 59% today. So, it’s still very much the big dog on the block.

Why is that? Skylar points out a clear-cut alternative, including the Chinese yuan, has yet to be. Even though the yuan is gaining international popularity, it’s got its quirks. It’s not all that keen on running a current account deficit; it’s got a tendency for government interference and carefully managed by the Chinese authorities.

Dario Perkins, the big shot in charge of global macro at Globaldata TS Lombard, chimes in. He says a reserve currency needs to be open to running hefty current account deficits. It also needs to offer deep capital markets, be the go-to lender in tough times, and provide financial services to the world. Right now, only the U.S. checks all these boxes.

So, what’s the verdict? Some experts like Benn Steil and Zain Vawda reckon the Chinese yuan won’t be stealing the dollar’s crown anytime soon. The yuan’s recent ups and downs in value also make the whole de-dollarization thing a bit trickier.

Ultimately, whether the Chinese yuan can topple the U.S. dollar as the world’s reserve currency is still uncertain. It’s a complex game of international currency chess, and we’ll have to see how the pieces fall.

Disclaimer: This content aims to provide information but isn’t financial advice. Always research and use money you can afford to lose when investing.

#CurrencyNews #GlobalEconomy #FinancialMarkets #NFA #CoinRocco

Gala Games Co-Founders Clash Over Alleged $130M Crypto Theft

In a recent legal showdown unveiled in the United States District Court for the District of Utah, tensions have erupted within Gala Games, a prominent player in the web3 gaming universe. Co-founders Eric Schiermeyer and Wright Thurston have taken legal action against each other, with court documents surfacing on August 31, 2023.

What's the Dispute About?

The heart of the matter lies in a 76-page Verified Shareholder Derivative Complaint filed by Eric Schiermeyer. He alleges that Wright Thurston, along with his investment vehicle, True North United Investments, LLC, pilfered a staggering 8,645,014,077 GALA tokens from the company. These tokens are the lifeblood of the Gala Games ecosystem.

The Lawsuit's Claims

Schiermeyer's lawsuit contends that Thurston employed a convoluted web of transactions to move, exchange, or sell these tokens, amounting to an approximate value of $130 million. This all happened before Gala Games could intervene.

Interestingly, the lawsuit also reveals that the United States Securities and Exchange Commission (SEC) had previously taken legal action against Thurston and True North. Their alleged involvement in fraudulent activities concerning "Green Boxes," an eco-friendly crypto token venture, had brought them under the SEC's scrutiny.

Gala Games, operating under Wyoming's legal framework, has pioneered a blockchain-based gaming infrastructure where GALA tokens play a central role. These tokens facilitate in-game transactions and act as a means of exchange between players. Gala Nodes, capped at 50,000, offer an opportunity to earn GALA tokens through operation.

Thurston's Checkered Past

Schiermeyer's lawsuit delves into Thurston's history, highlighting his involvement in multiple companies that have faced legal disputes, insolvency, or bankruptcy. It further reveals Thurston's prior entanglements with the SEC and his association with several unsuccessful ventures, including multi-level marketing firms.

Legal and Financial Implications

Schiermeyer's lawsuit seeks remedies such as the return of the misappropriated cryptocurrency, compensation for the damage incurred by Gala Games, and the removal of Thurston from his directorial position. Notably, the lawsuit also mentions Thurston's acquisition of a $40 million residence in Puerto Rico in March 2022.

This legal tussle within Gala Games underscores the importance of transparency and accountability in the crypto industry, reminding all stakeholders of the need for vigilance and integrity. 🕵️‍♂️💼

#CryptoDispute #GalaGames #CoinRocco #galagames

Disclaimer: The content provided here, including responses and information, is intended for informational and educational purposes only. It is not intended as financial advice, investment advice, or any other form of professional advice. We do not endorse or recommend any specific investments, strategies, or financial products. NFA, DYOR

$GALA