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@amber_baldet
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Forged in the fires of volatility, #Bitcoin remains resilient.. 🔥💪 #BitcoinResilience
February 12, 2024 @ 10:41 PM (UTC)
Current Price of Bitcoin
(BTC-USD): $50,033.70
(BTC-EUR): €46,436.28
February 12, 2024 @ 10:41 PM (UTC)
Current Price of Bitcoin
(BTC-USD): $50,033.70
(BTC-EUR): €46,436.28
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday.
Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022.
However, losses stemming from other crypto-related crimes such as scamming and hacking fell in 2023, Chainalysis said.
Bitcoin, the largest cryptocurrency, has jumped 60% since the end of September to $43,134 on enthusiasm about a new U.S. bitcoin ETF and on signs central banks around the world will begin trimming interest rates.
"An increasing number of new players were attracted by the potential for high profits and lower barriers to entry," Chainalysis said.
"Big game hunting" has become the dominant strategy over the last few years, with a dominant share of all ransom revenue volume made up of payments of $1 million or more, Chainalysis added.
A group of digital extortionists named "cl0p", which subverted a file sharing software MOVEit, made nearly $100 million in ransom payments, the analytics company said.
Hundred of organizations, including government departments, UK's telecom regulator and energy giant Shell (LON:SHEL), have reported cybersecurity breaches involving the MOVEit software tool, which is typically used to transfer large amounts of often sensitive data, including pension information and social security numbers.
A report in November showed that cybercrime group "Black Basta" had extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex.
Cryptocurrency theft via cyberheists and ransomware attacks is also a significant source of funding for North Korea, according to UN reports.
Chainalysis' figures undervalue crypto's role in all crime as it only tracks cryptocurrency sent to wallet addresses identified as illicit. It does not include payments for non-crypto-related crime such as crypto used in drug trafficking deals.
Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022.
However, losses stemming from other crypto-related crimes such as scamming and hacking fell in 2023, Chainalysis said.
Bitcoin, the largest cryptocurrency, has jumped 60% since the end of September to $43,134 on enthusiasm about a new U.S. bitcoin ETF and on signs central banks around the world will begin trimming interest rates.
"An increasing number of new players were attracted by the potential for high profits and lower barriers to entry," Chainalysis said.
"Big game hunting" has become the dominant strategy over the last few years, with a dominant share of all ransom revenue volume made up of payments of $1 million or more, Chainalysis added.
A group of digital extortionists named "cl0p", which subverted a file sharing software MOVEit, made nearly $100 million in ransom payments, the analytics company said.
Hundred of organizations, including government departments, UK's telecom regulator and energy giant Shell (LON:SHEL), have reported cybersecurity breaches involving the MOVEit software tool, which is typically used to transfer large amounts of often sensitive data, including pension information and social security numbers.
A report in November showed that cybercrime group "Black Basta" had extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex.
Cryptocurrency theft via cyberheists and ransomware attacks is also a significant source of funding for North Korea, according to UN reports.
Chainalysis' figures undervalue crypto's role in all crime as it only tracks cryptocurrency sent to wallet addresses identified as illicit. It does not include payments for non-crypto-related crime such as crypto used in drug trafficking deals.
🚨🚨 NEWS BITCOIN/ ETHEREUM
Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 26-day Exponential Moving Average (EMA), a key indicator of short-term momentum, is under threat. If this level fails to hold, Ethereum could see its value dip to the $2,347 mark, a scenario that may well trigger a more pronounced decline.
This potential slip below the 26 EMA is crucial because it suggests a weakening in buying pressure and a shift in market sentiment from accumulation to potential distribution. A break below this level would not only establish $2,347 as the next price floor but could also exacerbate the asset's losses, leading to further bearish momentum.
Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 26-day Exponential Moving Average (EMA), a key indicator of short-term momentum, is under threat. If this level fails to hold, Ethereum could see its value dip to the $2,347 mark, a scenario that may well trigger a more pronounced decline.
This potential slip below the 26 EMA is crucial because it suggests a weakening in buying pressure and a shift in market sentiment from accumulation to potential distribution. A break below this level would not only establish $2,347 as the next price floor but could also exacerbate the asset's losses, leading to further bearish momentum.
SHIBA INU (SHIBA) BECOMING BULLISH
🚨🚨💯💯 NEWS
Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme.
An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout.
SHIB/USDT Chart by TradingViewFor Shiba Inu, which has been lingering in a period of relatively nonexistent activity, this pattern could serve as massive fuel for volatility in the near future. Recent market conditions have seen a decline in interest toward legacy meme coins, with SHIB being no exception. The lack of significant developments within the Shiba Inu network has contributed to the muted activity around this cryptocurrency.
🚨🚨💯💯 NEWS
Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme.
An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout.
SHIB/USDT Chart by TradingViewFor Shiba Inu, which has been lingering in a period of relatively nonexistent activity, this pattern could serve as massive fuel for volatility in the near future. Recent market conditions have seen a decline in interest toward legacy meme coins, with SHIB being no exception. The lack of significant developments within the Shiba Inu network has contributed to the muted activity around this cryptocurrency.
🚨🚨 NEWS 🚨🚨
Data provided by IntoTheBlock analytics firm shows a significant increase in Bitcoin whales' holdings; since the beginning of the year 2024, three major players have added approximately $3 billion to their Bitcoin stashes, or approximately 76,000 BTC. This trend indicates the confidence and investment strategy of the biggest holders in the crypto space. When analyzing smaller holdings over a 30-day period, the following changes are seen: accounts with 0-0.001 BTC increased by 1.02%, while those holding between 0.001-0.01 BTC and 0.01-0.1 BTC witnessed decreases of 1.90% and 1.36%, respectively. Notably, accounts with 10K-100K BTC experienced 2.88% growth, indicating a concentration of wealth at the higher end of the market.
Data provided by IntoTheBlock analytics firm shows a significant increase in Bitcoin whales' holdings; since the beginning of the year 2024, three major players have added approximately $3 billion to their Bitcoin stashes, or approximately 76,000 BTC. This trend indicates the confidence and investment strategy of the biggest holders in the crypto space. When analyzing smaller holdings over a 30-day period, the following changes are seen: accounts with 0-0.001 BTC increased by 1.02%, while those holding between 0.001-0.01 BTC and 0.01-0.1 BTC witnessed decreases of 1.90% and 1.36%, respectively. Notably, accounts with 10K-100K BTC experienced 2.88% growth, indicating a concentration of wealth at the higher end of the market.
🚨🚨NEWS🚨🚨💯
Samson Mow shared a total of 10 indicators bordering key price outlook and macro events to watch out for. He named Bitcoin Spot Exchange Traded Fund (ETF) inflows as the first on the list. With the Bitcoin ETFs now trading in the U.S., more inflows might help cushion the erratic retail price sell-offs.
Samson Mow’s core projection for the BTC price to touch $1 million someday hinges on the capital inflow into spot Bitcoin ETF products. Beyond this, he noted that the network hashrate is also worth watching. With this metric cruising to a new high in recent times, higher growth is expected ahead of the next halving event.
Next on his list is the Finex whale accumulation metric and the 200 WMA trend. Surprisingly, he listed the Tether (USDT) Asset Under Management (AUM) as an essential indicator to watch as the stablecoin forms the key liquidity base for the coin.
Besides these on-chain indicators, Samson Mow also named the government’s interest payments on debt, the Debt GDP ratios, nation state Bitcoin adoption, real inflation and M3 Money. All of these indicators have a convergence point to influence the BTC price outlook in the long term.
Samson Mow shared a total of 10 indicators bordering key price outlook and macro events to watch out for. He named Bitcoin Spot Exchange Traded Fund (ETF) inflows as the first on the list. With the Bitcoin ETFs now trading in the U.S., more inflows might help cushion the erratic retail price sell-offs.
Samson Mow’s core projection for the BTC price to touch $1 million someday hinges on the capital inflow into spot Bitcoin ETF products. Beyond this, he noted that the network hashrate is also worth watching. With this metric cruising to a new high in recent times, higher growth is expected ahead of the next halving event.
Next on his list is the Finex whale accumulation metric and the 200 WMA trend. Surprisingly, he listed the Tether (USDT) Asset Under Management (AUM) as an essential indicator to watch as the stablecoin forms the key liquidity base for the coin.
Besides these on-chain indicators, Samson Mow also named the government’s interest payments on debt, the Debt GDP ratios, nation state Bitcoin adoption, real inflation and M3 Money. All of these indicators have a convergence point to influence the BTC price outlook in the long term.
🚨🚨 NEWS 🚨🚨
Fidelity's Director of Global Macro Jurrien Timmer has provided a critical perspective on Bitcoin's trajectory, analyzing it through the lens of network growth and scarcity features.
Timmer points to the foundational principle that Bitcoin's value is closely correlated with the expansion of its network — a concept reflected in Metcalfe's Law, which posits that the value of a network is proportional to the square of the number of its users.
The adoption curve for Bitcoin supports this theory, showcasing a consistent power-law distribution over time. This suggests not just growth, but a predictable, sustained increase that closely mirrors the S-curve typical of new technology adoption.
Fidelity's Director of Global Macro Jurrien Timmer has provided a critical perspective on Bitcoin's trajectory, analyzing it through the lens of network growth and scarcity features.
Timmer points to the foundational principle that Bitcoin's value is closely correlated with the expansion of its network — a concept reflected in Metcalfe's Law, which posits that the value of a network is proportional to the square of the number of its users.
The adoption curve for Bitcoin supports this theory, showcasing a consistent power-law distribution over time. This suggests not just growth, but a predictable, sustained increase that closely mirrors the S-curve typical of new technology adoption.
🚨 NEWS 🚨🚨
The crypto market is bracing itself as the Federal Reserve gears up to announce its first interest rate decision of 2024. The whispers from the CME about a 96.9% chance to keep interest rates unchanged are causing ripples. Yet, with the second decision in March casting a 47% shadow of a rate cut by 25 basis points (bps), investors are on edge. Adding to the economic fervor, the United States is set to release the January unemployment rate, which could further sway market sentiment.
The crypto market is bracing itself as the Federal Reserve gears up to announce its first interest rate decision of 2024. The whispers from the CME about a 96.9% chance to keep interest rates unchanged are causing ripples. Yet, with the second decision in March casting a 47% shadow of a rate cut by 25 basis points (bps), investors are on edge. Adding to the economic fervor, the United States is set to release the January unemployment rate, which could further sway market sentiment.
U.Today - Bitcoin, the largest crypto currency by market capitalization, has slowed its decline since U.S. exchange-traded funds for the largest digital asset began trading on Jan. 11 and now faces a critical test if a bottoming signal on its charts is confirmed.
Bitcoin climbed over 4% on Wednesday, reaching a high of $40,527 before trimming its gains to trade at $40,091 at press time.
Given Bitcoin's recent bounce from lows of $38,501 on Jan. 23, Glassnode cofounder "Negentropic" on X wonders if it just bottomed in a "descending wedge with a classical throw-over."
The digital asset markets observed an upswing in speculation leading up to the Bitcoin ETF approvals, with a general sell-the-news event playing out over the following days.
Bitcoin has fallen over 20% from an intraday high of $49,021 when the ETFs went live, as excitement over the products gave way to anxiety about the eventual extent of demand for them.
Bitcoin climbed over 4% on Wednesday, reaching a high of $40,527 before trimming its gains to trade at $40,091 at press time.
Given Bitcoin's recent bounce from lows of $38,501 on Jan. 23, Glassnode cofounder "Negentropic" on X wonders if it just bottomed in a "descending wedge with a classical throw-over."
The digital asset markets observed an upswing in speculation leading up to the Bitcoin ETF approvals, with a general sell-the-news event playing out over the following days.
Bitcoin has fallen over 20% from an intraday high of $49,021 when the ETFs went live, as excitement over the products gave way to anxiety about the eventual extent of demand for them.
We're proud to announce our collaboration with Wtech to launch the #Binance Women in Technology Academy!
This collaboration aims to increase financial literacy & empower young women to become leaders in Web 3.0, blockchain and crypto
This collaboration aims to increase financial literacy & empower young women to become leaders in Web 3.0, blockchain and crypto
The #BinanceAfricaFootball Trading Tournament is live! ⚽️
Trade on Spot or Futures to Share 33,000 USDT in rewards, and also stand a chance to win a Ticket to the AFCON'23 Finals 🏆
Let's Go ➡️ binance.com/en/activity/ma…
Trade on Spot or Futures to Share 33,000 USDT in rewards, and also stand a chance to win a Ticket to the AFCON'23 Finals 🏆
Let's Go ➡️ binance.com/en/activity/ma…
#Bitcoin: The key to financial freedom
🔑💎
With Bitcoin,you have the power to control your own finances,make transaction without intermediaries,and protect your wealth from inflation.
# financial freedom
🔑💎
With Bitcoin,you have the power to control your own finances,make transaction without intermediaries,and protect your wealth from inflation.
# financial freedom
Share your crypto tips and experiences for a chance to win from $10,000 in #BNB:
Here's how:
* Repost
*Share your trips using #binance tips
* Tag a friend @Binance
20 of the best will win $500 in BNB each
#BONK
#BNBRedPacketGiveaway
Here's how:
* Repost
*Share your trips using #binance tips
* Tag a friend @Binance
20 of the best will win $500 in BNB each
#BONK
#BNBRedPacketGiveaway
JUST IN: 🇺🇸 Top 5 spot #Bitcoin trading volumes today:
Grayscale: $2.3 billion...
BlackRock: $1 billion..
Fidelity: $700 million..
ARK 21Shares: $288 million..
Bitwise: $125 million...
Wow, big players getting in on the action!💪 The future of #Bitcoin looks bright with all this institutional interest.
The institutions are here 🚀🚀
Grayscale: $2.3 billion...
BlackRock: $1 billion..
Fidelity: $700 million..
ARK 21Shares: $288 million..
Bitwise: $125 million...
Wow, big players getting in on the action!💪 The future of #Bitcoin looks bright with all this institutional interest.
The institutions are here 🚀🚀
Hello I'm Amber Baldet CEO and co-founder of clovyr , I'm committed on building a more equitable and accessible tech landscape
my company as a decentralized app store and developer framework for block chain related technologies.
Bitcoin is largest crypto leading currency in the world, this one crypto currency will hit it peak in 2024, so it said to partake in the rhythm of Bitcoin ETH
#BTC
#memecoin
#BONK
my company as a decentralized app store and developer framework for block chain related technologies.
Bitcoin is largest crypto leading currency in the world, this one crypto currency will hit it peak in 2024, so it said to partake in the rhythm of Bitcoin ETH
#BTC
#memecoin
#BONK
