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Bitcoin Forecasted To Hover at $45,000- $50,000 Before Halving
Bitcoin [BTC], the world’s largest crypto, is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024.
The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone.
This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initial stages of a bullish cycle. This further marks a significant release from the recent bear market.
#BTC #bitcoinhalving #Bitcoin_Talk #BTCHALVING
$BTC
Bitcoin [BTC], the world’s largest crypto, is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024.
The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone.
This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initial stages of a bullish cycle. This further marks a significant release from the recent bear market.
#BTC #bitcoinhalving #Bitcoin_Talk #BTCHALVING
$BTC
📰📰📰 Here are some of the latest crypto updates as of Sunday, November 5, 2023:🔥🔥🔥
Sam Bankman-Fried was found guilty of fraud and conspiracy charges. The former CEO of FTX is facing up to 10 years in prison for his role in the collapse of the cryptocurrency exchange.
The global assets in spot bitcoin ETFs hit $4.16 billion. This represents a significant increase in investor interest in bitcoin ETFs.
Bitcoin is currently trading at around $35,000. This is up from $27,500 earlier in few weeks.
Altcoins are also seeing a boost, with many tokens up double digits in the past week. This is likely due to the recent surge in bitcoin prices.
Here are some additional crypto news stories:
BlackRock is reportedly considering offering bitcoin trading to its clients. This would be a major development for the cryptocurrency industry.
The Matrixport investment firm is predicting that bitcoin could reach $56,000 by the end of the year. This is based on the firm's analysis of technical indicators.
South Korean investors are reportedly showing a preference for altcoins over major cryptocurrencies. This is likely due to the recent outperformance of altcoins.
Bitcoin is surging to all-time highs in Turkey and Nigeria. This is likely due to the high inflation rates in these countries.
Bitcoin funding fee arbitrage trades are offering over 10% yield. This is a relatively high yield for a relatively low-risk investment.
$BTC #CryptoNews🔒📰🚫 #Bitcoin_Talk #BinanceSquareCommunity #BinanceSquareViral #BinanceSquareViral
Sam Bankman-Fried was found guilty of fraud and conspiracy charges. The former CEO of FTX is facing up to 10 years in prison for his role in the collapse of the cryptocurrency exchange.
The global assets in spot bitcoin ETFs hit $4.16 billion. This represents a significant increase in investor interest in bitcoin ETFs.
Bitcoin is currently trading at around $35,000. This is up from $27,500 earlier in few weeks.
Altcoins are also seeing a boost, with many tokens up double digits in the past week. This is likely due to the recent surge in bitcoin prices.
Here are some additional crypto news stories:
BlackRock is reportedly considering offering bitcoin trading to its clients. This would be a major development for the cryptocurrency industry.
The Matrixport investment firm is predicting that bitcoin could reach $56,000 by the end of the year. This is based on the firm's analysis of technical indicators.
South Korean investors are reportedly showing a preference for altcoins over major cryptocurrencies. This is likely due to the recent outperformance of altcoins.
Bitcoin is surging to all-time highs in Turkey and Nigeria. This is likely due to the high inflation rates in these countries.
Bitcoin funding fee arbitrage trades are offering over 10% yield. This is a relatively high yield for a relatively low-risk investment.
$BTC #CryptoNews🔒📰🚫 #Bitcoin_Talk #BinanceSquareCommunity #BinanceSquareViral #BinanceSquareViral
$HOT (UPDATE)
The current outlook remains bullish with the inverse head and shoulders formation, and targets still apply. The formation has successfully retested its resistance, confirming the retest. If Bitcoin allows, the upward trend is likely to continue from where it left off.
#BreakOut_Expert #Bitcoin_Talk #charts #crypto2023A $BNB $XRP #BitcoinETF
The current outlook remains bullish with the inverse head and shoulders formation, and targets still apply. The formation has successfully retested its resistance, confirming the retest. If Bitcoin allows, the upward trend is likely to continue from where it left off.
#BreakOut_Expert #Bitcoin_Talk #charts #crypto2023A $BNB $XRP #BitcoinETF
Next stop on the 40-42k BTC
In general, such growth seems to be somehow unusual, I would like to see a correction, which we may not be given to disperse the fomo!
$BTC
#BTC🔥🔥 #BitcoinBoom #BitcoinPriceUpdate #Bitcoin-BTC #Bitcoin_Talk
In general, such growth seems to be somehow unusual, I would like to see a correction, which we may not be given to disperse the fomo!
$BTC
#BTC🔥🔥 #BitcoinBoom #BitcoinPriceUpdate #Bitcoin-BTC #Bitcoin_Talk
🚀🚀🚀Here are some Bitcoin (BTC) price predictions from different analysts for the next few years:🔥🔥🚀🚀
CoinCodex: $40,872 by November 10, 2023; $65,000 by the end of 2024
TradingBeasts: $38,000 by the end of 2023; $50,000 by the end of 2024 💯💯💯
WalletInvestor: $45,000 by the end of 2023; $68,000 by the end of 2024 🔥🔥🔥
DigitalCoinPrice: $49,000 by the end of 2023; $62,000 by the end of 2024 🎯🎯🎯
Arcane Research: $50,000 by the end of 2023; $75,000 by the end of 2024 🚀🚀🚀
Bloomberg Intelligence: $100,000 by the end of 2025 👍👍👍
Fundstrat Global Advisors: $200,000 by the end of 2025 👀👀👀
Pantera Capital: $500,000 by the end of 2025
SkyBridge Capital: $1 million by the end of 2026 🤫🤫🤫
What you think? Share your analysis in the comments. 👀👀👀
***Source google bard.
#BTCRally #BTCMove #BTC🔥🔥 #Bitcoin_Talk #BitcoinInfluence $BTC
CoinCodex: $40,872 by November 10, 2023; $65,000 by the end of 2024
TradingBeasts: $38,000 by the end of 2023; $50,000 by the end of 2024 💯💯💯
WalletInvestor: $45,000 by the end of 2023; $68,000 by the end of 2024 🔥🔥🔥
DigitalCoinPrice: $49,000 by the end of 2023; $62,000 by the end of 2024 🎯🎯🎯
Arcane Research: $50,000 by the end of 2023; $75,000 by the end of 2024 🚀🚀🚀
Bloomberg Intelligence: $100,000 by the end of 2025 👍👍👍
Fundstrat Global Advisors: $200,000 by the end of 2025 👀👀👀
Pantera Capital: $500,000 by the end of 2025
SkyBridge Capital: $1 million by the end of 2026 🤫🤫🤫
What you think? Share your analysis in the comments. 👀👀👀
***Source google bard.
#BTCRally #BTCMove #BTC🔥🔥 #Bitcoin_Talk #BitcoinInfluence $BTC
Bitcoin Ordinals Trading Hits 6-Month Peak as ORDI Token Surges on Binance Listing
The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token
Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.
Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text.
The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.
#Bitcoin_Talk #BitcoinETFLaunch #BTC
The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token
Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.
Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text.
The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.
#Bitcoin_Talk #BitcoinETFLaunch #BTC
📣📣📣 #BitcoinETF Approval: Ushering in a New Era of Legitimacy and Growth for the Cryptocurrency Market 🔥🔥🔥
The potential approval of a spot Bitcoin ETF by the US Securities & Exchange Commission (SEC) is a topic sparking considerable debate & speculation. While consensus on the precise impact remains elusive, experts generally agree that approval would be highly significant & positive for the #cryptocurrency market.
Potential Positive Impacts:
- Increased Institutional Adoption: A Bitcoin ETF would streamline Bitcoin investments for institutional players, attracting substantial capital and potentially driving up prices.
- Regulatory Legitimization: SEC approval would signal recognition of Bitcoin as a legitimate asset class, potentially reducing regulatory uncertainty & encouraging more institutional investment.
- Increased Trading Volume: With a Bitcoin ETF, more investors could trade Bitcoin on traditional exchanges, fostering higher trading volumes & market efficiency.
- Greater Public Awareness: Approval could generate increased media coverage & public awareness, legitimizing Bitcoin & drawing in new investors.
Potential Negative Impacts:
- Price Manipulation: Concerns arise regarding potential market manipulation by large investors, leading to market volatility and instability.
- Regulatory Concerns: The SEC, wary of manipulation & fraud risks, would likely impose strict rules on Bitcoin ETFs to mitigate these concerns.
- Illiquidity Risks: Bitcoin ETFs might face liquidity challenges, with smaller trading volumes & higher spreads compared to traditional ETFs.
- Impact on Altcoin Markets: While Bitcoin's surge could benefit other cryptocurrencies (altcoins), increased attention on Bitcoin might draw capital away from these alternatives.
In summary, Bitcoin ETF approval may boost adoption, regulatory legitimacy, & trading volume. Concerns include market manipulation, regulatory issues, illiquidity, & effects on altcoins. Actual impact depends on ETF specifics and market conditions.
#CryptoNews #Bitcoin_Talk $BTC #BinanceSquareBTC
The potential approval of a spot Bitcoin ETF by the US Securities & Exchange Commission (SEC) is a topic sparking considerable debate & speculation. While consensus on the precise impact remains elusive, experts generally agree that approval would be highly significant & positive for the #cryptocurrency market.
Potential Positive Impacts:
- Increased Institutional Adoption: A Bitcoin ETF would streamline Bitcoin investments for institutional players, attracting substantial capital and potentially driving up prices.
- Regulatory Legitimization: SEC approval would signal recognition of Bitcoin as a legitimate asset class, potentially reducing regulatory uncertainty & encouraging more institutional investment.
- Increased Trading Volume: With a Bitcoin ETF, more investors could trade Bitcoin on traditional exchanges, fostering higher trading volumes & market efficiency.
- Greater Public Awareness: Approval could generate increased media coverage & public awareness, legitimizing Bitcoin & drawing in new investors.
Potential Negative Impacts:
- Price Manipulation: Concerns arise regarding potential market manipulation by large investors, leading to market volatility and instability.
- Regulatory Concerns: The SEC, wary of manipulation & fraud risks, would likely impose strict rules on Bitcoin ETFs to mitigate these concerns.
- Illiquidity Risks: Bitcoin ETFs might face liquidity challenges, with smaller trading volumes & higher spreads compared to traditional ETFs.
- Impact on Altcoin Markets: While Bitcoin's surge could benefit other cryptocurrencies (altcoins), increased attention on Bitcoin might draw capital away from these alternatives.
In summary, Bitcoin ETF approval may boost adoption, regulatory legitimacy, & trading volume. Concerns include market manipulation, regulatory issues, illiquidity, & effects on altcoins. Actual impact depends on ETF specifics and market conditions.
#CryptoNews #Bitcoin_Talk $BTC #BinanceSquareBTC
BTC is experiencing a pump in value as anticipated. But we fear that this may be the final surge, so you should be cautious when trading Bitcoin. There may be a period of sideways movement to increase confidence among traders.
#BTC #Bitcoin-BTC #Bitcoin_Talk 🗣
#BTC #Bitcoin-BTC #Bitcoin_Talk 🗣
Understanding the Concept of Islamic Coin: An Overview of ISLM Crypto
Islamic Coin Crypto, is a concept that combines the principles of Islamic finance and cryptocurrency. It aims to provide a digital currency platform that adheres to the guidelines set by Islamic law, also known as Shari'ah. Islamic finance follows a set of principles that are based on the teachings in the islamic law. These principles promote ethical and fair financial dealings, with a focus on avoiding interest (riba), speculation (gharar), and excessive uncertainty (maysir).
Cryptocurrency, on the other hand, is a digital or virtual currency that uses cryptography for security and operates independently of any central authority. It provides a decentralized system that allows for peer-to-peer transactions without the need for intermediaries. To ensure that a cryptocurrency is Shari'ah-compliant, certain guidelines need to be followed.
These guidelines include: 1. Prohibition of Riba (interest): Islamic finance principles forbid the earning or payment of interest. Therefore, any cryptocurrency platform that offers interest-bearing investment products or practices lending with interest would not be considered Shari'ah-compliant.
2. Prohibition of Gharar (speculation): Islamic finance principles discourage excessive uncertainty and speculation. Therefore, a Shari'ah-compliant crypto platform should avoid gambling-like activities, excessive speculation, and uncertainty in transactions.
3. Prohibition of Maysir (gambling): Islamic finance principles also prohibit gambling. Therefore, activities such as gambling, lotteries, or any form of uncertain outcomes based on chance would not be allowed in a Shari'ah-compliant crypto platform.
4. Asset Backing: Islamic finance emphasizes the need for tangible assets to back any financial products. Therefore, a Shari'ah-compliant crypto platform should have underlying assets that provide value and can be verified. To achieve Shari'ah compliance, some crypto platforms have introduced various mechanisms. These mechanisms may include: 1. Asset-backed Tokens: These are tokens that represent ownership or access to tangible assets, such as real estate, commodities, or precious metals. By backing the tokens with tangible assets, their value can be more easily assessed and understood. 2. Ethical Screening: Some Shari'ah-compliant crypto platforms may perform ethical screening to ensure that the underlying assets or projects associated with the tokens align with Islamic principles. This may involve assessing the legitimacy and ethical nature of the businesses or projects involved. 3. Governance and Transparency: A Shari'ah-compliant crypto platform should have a clear and transparent governance structure that ensures compliance with Islamic principles. This includes transparency in financial transactions, reporting, and decision-making processes. 4. Community Participation: Some Shari'ah-compliant crypto platforms aim to involve the community or stakeholders in decision-making processes to ensure alignment with Islamic principles and ethical values. Shari'ah-compliant crypto aims to provide a digital currency platform that is accessible to Muslims who want to engage in cryptocurrency transactions while remaining compliant with Islamic principles
$BTC $ETH $BNB
#BinanceSquareTalks #BTC #Bitcoin_Talk #meme #CryptoTalks
Cryptocurrency, on the other hand, is a digital or virtual currency that uses cryptography for security and operates independently of any central authority. It provides a decentralized system that allows for peer-to-peer transactions without the need for intermediaries. To ensure that a cryptocurrency is Shari'ah-compliant, certain guidelines need to be followed.
These guidelines include: 1. Prohibition of Riba (interest): Islamic finance principles forbid the earning or payment of interest. Therefore, any cryptocurrency platform that offers interest-bearing investment products or practices lending with interest would not be considered Shari'ah-compliant.
2. Prohibition of Gharar (speculation): Islamic finance principles discourage excessive uncertainty and speculation. Therefore, a Shari'ah-compliant crypto platform should avoid gambling-like activities, excessive speculation, and uncertainty in transactions.
3. Prohibition of Maysir (gambling): Islamic finance principles also prohibit gambling. Therefore, activities such as gambling, lotteries, or any form of uncertain outcomes based on chance would not be allowed in a Shari'ah-compliant crypto platform.
4. Asset Backing: Islamic finance emphasizes the need for tangible assets to back any financial products. Therefore, a Shari'ah-compliant crypto platform should have underlying assets that provide value and can be verified. To achieve Shari'ah compliance, some crypto platforms have introduced various mechanisms. These mechanisms may include: 1. Asset-backed Tokens: These are tokens that represent ownership or access to tangible assets, such as real estate, commodities, or precious metals. By backing the tokens with tangible assets, their value can be more easily assessed and understood. 2. Ethical Screening: Some Shari'ah-compliant crypto platforms may perform ethical screening to ensure that the underlying assets or projects associated with the tokens align with Islamic principles. This may involve assessing the legitimacy and ethical nature of the businesses or projects involved. 3. Governance and Transparency: A Shari'ah-compliant crypto platform should have a clear and transparent governance structure that ensures compliance with Islamic principles. This includes transparency in financial transactions, reporting, and decision-making processes. 4. Community Participation: Some Shari'ah-compliant crypto platforms aim to involve the community or stakeholders in decision-making processes to ensure alignment with Islamic principles and ethical values. Shari'ah-compliant crypto aims to provide a digital currency platform that is accessible to Muslims who want to engage in cryptocurrency transactions while remaining compliant with Islamic principles
$BTC $ETH $BNB
#BinanceSquareTalks #BTC #Bitcoin_Talk #meme #CryptoTalks
🔥🔥🔥 Bitcoin Fees Soar Nearly 1,000% Since August as Ordinals Are Back in Vogue🔥🔥🔥
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNews🔒📰🚫 $BTC #Bitcoin_Talk
- The fees for Bitcoin transactions have soared nearly 1,000% since August.
- This is due to the increased popularity of Ordinals, a new type of NFT that can be stored on the Bitcoin blockchain.
- The high fees are making it more difficult for people to use Bitcoin for everyday transactions.
#CryptoCurrents #BinanceSquareTalks #CryptoNews🔒📰🚫 $BTC #Bitcoin_Talk
When you open your Trading view app on your phone, you will see "LOOK/LEAP"
That is the only strategy and discipline you need to become PROFITABLE.
Trade what you see not what you think
Wisdom and patience will teach you this
$DOGE
#BullRun #Bitcoin_Talk #TraderMistakes
That is the only strategy and discipline you need to become PROFITABLE.
Trade what you see not what you think
Wisdom and patience will teach you this
$DOGE
#BullRun #Bitcoin_Talk #TraderMistakes
The three main reasons for Bitcoin's recent rally to an 18-month high of over $37,000 are:
1. Increased institutional adoption of Bitcoin 🚀🚀
Institutional investors, such as hedge funds and pension funds, have been increasing their exposure to Bitcoin in recent months. This is due to a number of factors, including the growing recognition of Bitcoin as a store of value and the belief that Bitcoin is a good hedge against inflation.
2. Speculation that a Bitcoin ETF could be approved in the near future 🔥🔥
The US Securities and Exchange Commission (SEC) is currently reviewing several applications for Bitcoin ETFs. If a Bitcoin ETF is approved, it would make it easier for institutional investors to invest in Bitcoin. This is expected to lead to a significant increase in demand for Bitcoin.
3. Short-term traders buying Bitcoin in anticipation of further price gains 🎯🎯🎯
Short-term traders are buying Bitcoin in anticipation of further price gains. This is because Bitcoin has been on a strong uptrend in recent weeks. Short-term traders believe that the uptrend will continue and that they will be able to sell Bitcoin at a higher price in the future.
It is important to note that all of these factors could contribute to a further rally in Bitcoin prices in the coming weeks and months. However, it is also important to be aware of the risks associated with investing in Bitcoin. Bitcoin is a volatile asset and its price can fluctuate wildly. Therefore, it is important to do your own research and invest only what you can afford to lose.
$BTC #BitcoinPriceUpdate #Bitcoin_Talk #BitcoinInfluence
1. Increased institutional adoption of Bitcoin 🚀🚀
Institutional investors, such as hedge funds and pension funds, have been increasing their exposure to Bitcoin in recent months. This is due to a number of factors, including the growing recognition of Bitcoin as a store of value and the belief that Bitcoin is a good hedge against inflation.
2. Speculation that a Bitcoin ETF could be approved in the near future 🔥🔥
The US Securities and Exchange Commission (SEC) is currently reviewing several applications for Bitcoin ETFs. If a Bitcoin ETF is approved, it would make it easier for institutional investors to invest in Bitcoin. This is expected to lead to a significant increase in demand for Bitcoin.
3. Short-term traders buying Bitcoin in anticipation of further price gains 🎯🎯🎯
Short-term traders are buying Bitcoin in anticipation of further price gains. This is because Bitcoin has been on a strong uptrend in recent weeks. Short-term traders believe that the uptrend will continue and that they will be able to sell Bitcoin at a higher price in the future.
It is important to note that all of these factors could contribute to a further rally in Bitcoin prices in the coming weeks and months. However, it is also important to be aware of the risks associated with investing in Bitcoin. Bitcoin is a volatile asset and its price can fluctuate wildly. Therefore, it is important to do your own research and invest only what you can afford to lose.
$BTC #BitcoinPriceUpdate #Bitcoin_Talk #BitcoinInfluence
🤔 How to buy Bitcoin in Dubai
Interested in buying Bitcoin in Dubai, a country with zero tax on crypto trades and crypto-friendly banks? 🏙 Discover the essential steps and tips in our ultimate guide. From choosing the right platform to navigating regulations, we've got you covered. 📚
#BTC #Bitcoin_Talk $BTC
Interested in buying Bitcoin in Dubai, a country with zero tax on crypto trades and crypto-friendly banks? 🏙 Discover the essential steps and tips in our ultimate guide. From choosing the right platform to navigating regulations, we've got you covered. 📚
#BTC #Bitcoin_Talk $BTC
📝 “Crypto Newbies, this one's for you! 💡 How to Buy Your First Bitcoin: A Step-by-Step Guide. Let's get you started on your crypto journey!”
#Cryptobeginner #Bitcoin_Talk
#Cryptobeginner #Bitcoin_Talk
How horrible! People getting physically robbed for their bitcoin is just devastating news...
This is exactly why I'm hoping Bitcoin remains decentralised as it's absorbed into society. SEC and all of the world's financial organisations however don't seem to get it.
Once btc stops being decentralised, holders may be put at risk.
#BTC #BitcoinInfluence #Bitcoin_Talk #BitcoinETFLaunch #BitcoinBoom
This is exactly why I'm hoping Bitcoin remains decentralised as it's absorbed into society. SEC and all of the world's financial organisations however don't seem to get it.
Once btc stops being decentralised, holders may be put at risk.
#BTC #BitcoinInfluence #Bitcoin_Talk #BitcoinETFLaunch #BitcoinBoom
LIVE
CryptoPotato
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Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report
In a shocking turn of events, a middle-aged Swedish couple fell victim to a violent home invasion orchestrated by a gang of masked men determined to steal their Bitcoin holdings.
This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden.
Sweden’s Rising Trend of Violent Bitcoin Robberies
The robbery in Rönninge is described as a serious incident, with one victim being transported to the hospital via ambulance helicopter. Fortunately, their injuries are not life-threatening.
According to Eric Wall, a Board Member at the StarkNet Foundation, who has been closely following these incidents, this Monday’s attack marks a concerning pattern of bitcoin-related robberies in Sweden.
there’s now officially a situation in sweden
this monday, a middle-aged swedish couple was tied up in their home and robbed by 4 masked men. they were physically abused and threatened with their own kitchen knives. they were tied up for hours and one had to be escorted to the…
— Erica Wall (@ercwl) November 8, 2023
This disturbing trend is not isolated, as just last month in Södertälje, two prominent figures in the bitcoin and crypto world fell victim to similar home invasions by masked, armed men. One of them suffered three hours of physical abuse, while the other narrowly escaped because their spouse was the only one at home.
The initial incident occurred last year when one of Sweden’s most well-known Bitcoin enthusiasts faced a brutal break-in at their apartment. Despite surrendering a significant amount of bitcoin and crypto assets, they endured hours of physical beatings and abuse in front of their partner, leaving lasting psychological scars.
Crypto Robberies in Sweden Spark Privacy Concerns
What is concerning is the apparent link between these occurrences and the victims’ recent public discussions surrounding Bitcoin, frequently through live-streamed podcasts or mentions on social media. This situation brings forth inquiries regarding the security and privacy of individuals engaged in the cryptocurrency industry in Sweden.
A key factor among these cases is the ease with which personal information, including residential addresses and tax records, can be obtained in Sweden. This information is publicly accessible, making it convenient for potential criminals to target victims. The law responsible for this transparency is known as “Offentlighetsprincipen,” aimed at reducing corruption but proving inadequate in protecting individuals in the digital age.
The Swedish police have acknowledged the similarity in the means of operations of these robberies, tying them to a possible Bitcoin robbery gang. Investigations are ongoing, but no arrests have been made in connection with these incidents. As authorities continue their efforts to apprehend the culprits, the question of personal privacy and safety in Sweden’s cryptocurrency landscape remains a pressing concern.
The post Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report appeared first on CryptoPotato.
This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden.
Sweden’s Rising Trend of Violent Bitcoin Robberies
The robbery in Rönninge is described as a serious incident, with one victim being transported to the hospital via ambulance helicopter. Fortunately, their injuries are not life-threatening.
According to Eric Wall, a Board Member at the StarkNet Foundation, who has been closely following these incidents, this Monday’s attack marks a concerning pattern of bitcoin-related robberies in Sweden.
there’s now officially a situation in sweden
this monday, a middle-aged swedish couple was tied up in their home and robbed by 4 masked men. they were physically abused and threatened with their own kitchen knives. they were tied up for hours and one had to be escorted to the…
— Erica Wall (@ercwl) November 8, 2023
This disturbing trend is not isolated, as just last month in Södertälje, two prominent figures in the bitcoin and crypto world fell victim to similar home invasions by masked, armed men. One of them suffered three hours of physical abuse, while the other narrowly escaped because their spouse was the only one at home.
The initial incident occurred last year when one of Sweden’s most well-known Bitcoin enthusiasts faced a brutal break-in at their apartment. Despite surrendering a significant amount of bitcoin and crypto assets, they endured hours of physical beatings and abuse in front of their partner, leaving lasting psychological scars.
Crypto Robberies in Sweden Spark Privacy Concerns
What is concerning is the apparent link between these occurrences and the victims’ recent public discussions surrounding Bitcoin, frequently through live-streamed podcasts or mentions on social media. This situation brings forth inquiries regarding the security and privacy of individuals engaged in the cryptocurrency industry in Sweden.
A key factor among these cases is the ease with which personal information, including residential addresses and tax records, can be obtained in Sweden. This information is publicly accessible, making it convenient for potential criminals to target victims. The law responsible for this transparency is known as “Offentlighetsprincipen,” aimed at reducing corruption but proving inadequate in protecting individuals in the digital age.
The Swedish police have acknowledged the similarity in the means of operations of these robberies, tying them to a possible Bitcoin robbery gang. Investigations are ongoing, but no arrests have been made in connection with these incidents. As authorities continue their efforts to apprehend the culprits, the question of personal privacy and safety in Sweden’s cryptocurrency landscape remains a pressing concern.
The post Bitcoin Robbery Gang Strikes Again in Sweden: Middle-Aged Couple Targeted: Report appeared first on CryptoPotato.
