DMM Bitcoin, the cryptocurrency arm of Japanese Internet giant DMM.com, announced on Friday that more than $300 million in bitcoin had been stolen in a major security breach.
The exchange confirmed the incident but did not explain how the assets were stolen. DMM Bitcoin abruptly froze most of its services, including deposits, withdrawals, and trade of almost all cryptocurrencies.
"At approximately 1:26 p.m. on Friday, May 31, 2024, we detected an unauthorized leak of bitcoin from our wallet," DMM Bitcoin stated. The announcement, originally in Japanese, was translated into English and posted on the company's website.
The exchange reported that 4,502.9 bitcoin, worth roughly $306 million, had been taken in the breach. DMM Bitcoin assured its clients that their bitcoin deposits would be fully reimbursed. "Please rest assured that all of your bitcoin deposits will be fully guaranteed, as we will procure the equivalent amount of BTC that was leaked with support from our group companies," the statement read.
In a blog post on its website, DMM Bitcoin reiterated that measures had been taken to prevent further unauthorized outflows. The exchange has restricted all spot purchases on the platform and warned that Japanese yen withdrawals might take longer than usual due to the incident.
In 2018, rival exchange Coincheck suffered one of the biggest hacks in the industry's history, losing about $534 million worth of NEM (XEM) from its hot wallet. At the time, the Monex Group's subsidiary spent several weeks trying to identify the attackers and understand how the hack occurred.
The Coincheck hack had extensive repercussions for both the company and the broader Japanese cryptocurrency industry. Moreover, its reputation was severely damaged due to the hack. Besides the financial losses, the company faced widespread criticism for its inadequate security measures and failure to safeguard user funds.
#BTC☀ #MtGox #altcoins #ETHETFsApproved #CryptoNewss
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Jurors in New York state court on Thursday found Donald Trump guilty on all 34 felony counts of falsifying business records to cover up hush money payments to a porn star ultimately to influence the outcome of the 2016 presidential election.
The first-ever criminal trial of a former U.S. president wrapped up in Manhattan, marking an extraordinary moment in American history not only for a former leader, but for one who is seeking to again hold the Oval Office. Trump, the Republican Party's presumed 2024 presidential nominee, is now a convicted felon.
The jury deliberated for more than 11 hours, beginning Wednesday just before 11:30 a.m. Eastern and delivering the verdict to Justice Juan Merchan just after 5 p.m. Thursday, according to reporters at the courthouse.
New York does not allow recording in the courtroom but provides public transcripts of the proceedings. States Newsroom covered the trial in person on May 20.
Trump now faces penalties ranging from probation to up to four years in prison for each charge of falsifying business records in the first degree.
Merchan set a sentencing date for July 11 at 10 a.m. That's just days before the Republican National Convention, where Trump is expected to be officially nominated as the party's presidential candidate.
New York state prosecutors charged 34 felonies against the former president for each of the 11 invoices, 11 checks, and 12 ledger entries tied to reimbursing his former personal lawyer Michael Cohen.
#TrumpCrypto #BTC☀ #ETHETFsApproved #CryptoNewss #altcoins
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Binance Futures Grand Tournament 2023: A Journey of Volatility, Triumphs, and Lessons LearnedThe Binance Futures Grand Tournament 2023, a global trading competition held on the esteemed Binance crypto exchange, proved to be an exhilarating rollercoaster ride for participants. As an avid trader, I was eager to immerse myself in this competitive arena, test my skills against formidable opponents, and potentially reap the rewards of victory. A Crucible of Trading ProwessThe tournament kicked off with an initial registration phase, where aspiring participants were vetted based on their trading acumen and experience. Once selected, we were thrown into the deep end of the trading pool, tasked with navigating the turbulent waters of the futures market.The tournament's format was designed to test our ability to adapt to volatile market conditions, make quick decisions, and execute strategic trades. Each round brought fresh challenges, with varying trading scenarios and ever-evolving market dynamics.Triumphs and TribulationsThroughout the tournament, I experienced a range of emotions, from the exhilaration of successful trades to the despair of unforeseen losses. There were moments of sheer brilliance, where my calculated strategies yielded impressive returns. However, there were also instances of misjudgment and market volatility that sent my portfolio into a downward spiral.Lessons Learned in the ArenaAs the tournament progressed, I learned invaluable lessons about trading psychology, risk management, and the importance of staying disciplined. I discovered that emotions can be a trader's worst enemy, and that maintaining a calm and rational mindset is crucial for navigating the unpredictable nature of the futures market.I also gained a deeper understanding of the importance of risk management. By implementing strict risk management strategies, I was able to mitigate losses and protect my capital.Finally, I learned that discipline is the cornerstone of successful trading. Sticking to my trading plan and avoiding impulsive decisions proved to be essential in achieving consistent results.A Tournament Well FoughtDespite the challenges and setbacks, I emerged from the Binance Futures Grand Tournament 2023 with a wealth of experience and a renewed appreciation for the intricacies of futures trading. The tournament provided me with an invaluable platform to test my skills, learn from my mistakes, and refine my trading strategies.Conclusion: A Memorable and Transformative ExperienceOverall, my participation in the Binance Futures Grand Tournament 2023 was a memorable and transformative experience. It provided me with a deeper understanding of futures trading, honed my trading skills, and exposed me to a vibrant community of crypto enthusiasts. I encourage anyone interested in the world of crypto trading to consider participating in future tournaments as an opportunity to learn, grow, and connect with others in this exciting and rapidly evolving field. #BinanceTournament #BinanceSquareTalks #BinanceBlockchainWeek #bitcoin #ETH $BTC $ETH $BNB

opBNB: Unleashing the Power of Layer 2 on BNB ChainIn the ever-evolving landscape of blockchain technology, the quest for scalability and efficiency has led to the emergence of Layer 2 solutions, designed to complement and enhance the capabilities of existing blockchains. opBNB, a Layer 2 scaling solution built on the bedrock version of Optimism OP Stack, has emerged as a promising contender, offering a seamless experience for users seeking to explore the potential of decentralized finance (DeFi) on the BNB Chain. What is opBNB?opBNB is a high-performance Layer 2 solution that leverages Optimism's rollup technology to address the scalability limitations of the BNB Chain. It operates by bundling transactions off-chain, processing them in batches, and then posting the final results back to the main chain. This approach enables opBNB to offer significantly faster transaction speeds and lower fees compared to the BNB Chain.Key Features of opBNBopBNB boasts a range of features that make it an attractive choice for DeFi users:Fast Transaction Speeds: opBNB's rollup technology enables near-instant transactions, significantly reducing transaction times and improving user experience.Low Fees: opBNB's fee structure is considerably lower than that of the BNB Chain, making it a more cost-effective solution for users.Cross-Chain Compatibility: opBNB is interoperable with the BNB Chain, allowing users to seamlessly transfer assets between the two networks. Kinza Finance: Bridging the DeFi LandscapeIn a recent development, opBNB has welcomed Kinza Finance as the first lending protocol on its Layer 2 solution. This integration marks a significant step forward in expanding the DeFi ecosystem on opBNB and providing users with a wider range of financial services. Bridging Assets between BNB Smart Chain and opBNBTo bridge assets between the BNB Smart Chain and opBNB networks, users can utilize the Multichain bridge, a secure and reliable cross-chain communication protocol. The bridge enables users to transfer their assets seamlessly between the two networks, allowing them to explore the DeFi opportunities on opBNB while leveraging the liquidity of the BNB Chain. Overview of Projects on opBNBThe opBNB ecosystem is rapidly expanding, with a growing number of projects leveraging its Layer 2 capabilities to offer innovative DeFi solutions. Some notable projects include:Kinza Finance: A decentralized lending protocol that enables users to borrow and lend assets with low fees and fast transaction speeds.Anyswap: A cross-chain DEX that facilitates the exchange of assets between different blockchains, including opBNB and the BNB Chain.OP Labs: A decentralized autonomous organization (DAO) that governs the opBNB ecosystem and promotes its development. Educating Users on opBNB's PotentialAs opBNB continues to gain traction, it is crucial to educate users about its benefits and potential. Here are some key points to highlight:Scalability: opBNB addresses the scalability limitations of the BNB Chain, enabling faster transaction speeds and lower fees.Cost-Effectiveness: opBNB's fee structure is significantly lower than that of the BNB Chain, making it a more cost-efficient option for users.Expanding DeFi Landscape: opBNB is fostering a growing DeFi ecosystem, providing users with a wider range of financial services. ConclusionopBNB stands as a promising Layer 2 solution, offering users the benefits of scalability, low fees, and a growing DeFi ecosystem. As the project continues to evolve, it is poised to play a significant role in shaping the future of decentralized finance on the BNB Chain. #opbnb #BinanceBlockchainWeek #binanacesquare #BinanceSquareTalks #BTC $BNB $BTC $ETH

OpenAI Removes Sam Altman as CEOIn a sudden turn of events, OpenAI, the non-profit research company dedicated to developing safe and beneficial AI, has removed Sam Altman from his CEO and board roles. The decision, reportedly stemming from communication issues that eroded the board's trust in Altman's leadership, has sent shockwaves through the AI community and raised questions about the future of OpenAI and its flagship project, Worldcoin. The Impact on WorldcoinWorldcoin, Altman's ambitious cryptocurrency project aimed at bridging the digital divide, has been directly impacted by the leadership shakeup at OpenAI. The project's native token, WLD, experienced a 12% drop in value following the announcement of Altman's removal. This volatility underscores the close ties between OpenAI and Worldcoin, and the potential for Altman's departure to disrupt the project's development and trajectory. The Future of Worldcoin and WLDThe future of Worldcoin and WLD remains uncertain in the wake of these events. The project's success hinges on its ability to attract users and generate sufficient network activity to support its tokenomics. Altman's departure could potentially hinder these efforts, as his leadership and vision were instrumental in driving the project forward.The Landscape of AI-Powered Cryptocurrency ProjectsThe cryptocurrency landscape is no stranger to AI integration. Several projects are exploring the potential of AI to enhance various aspects of the blockchain ecosystem, from decentralized finance (DeFi) to oracle services. Notable examples include Fetch.ai, SingularityNET, and Ocean Protocol. Each project has its unique approach to leveraging AI, but they all share the goal of harnessing AI's capabilities to improve the efficiency, security, and functionality of cryptocurrency protocols. ConclusionThe removal of Sam Altman as OpenAI's CEO has undoubtedly created a wave of uncertainty surrounding the future of Worldcoin and the WLD token. While the project's potential remains intact, the loss of Altman's leadership could pose significant challenges. The cryptocurrency landscape continues to evolve, and AI integration is gaining traction. It remains to be seen how Worldcoin and other AI-powered cryptocurrency projects will navigate this dynamic environment and establish their positions in the ever-changing crypto space. #Wld #BinanceBlockchainWeek #binanacesquare #BTC🔥🔥 #ETH $WLD $BTC $ETH

Navigating the Waters of Whale Investments: Understanding and Utilizing Whale Alerts for Informed Trading DecisionsIn the dynamic realm of cryptocurrency, whale investors, those holding significant amounts of digital assets, play a pivotal role in shaping market trends. Their actions, such as large-scale transactions or changes in holdings, can send ripples through the market, influencing prices and investor sentiment.The Power of Whale MovementsThe recent surge in Bitcoin and Ethereum prices is likely attributed, to a large extent, to the increased activity of institutional and whale investors. These investors, with their deep pockets and sophisticated trading strategies, can exert substantial influence on the market.A prime example of this influence is evident in the recent movement of DYDX, a decentralized exchange token. Within a single day, a whale deposited over $4 million worth of DYDX to Kraken, a leading cryptocurrency exchange. This significant deposit led to an 8% drop in DYDX's price, demonstrating the impact whale actions can have on token prices.Unlocking the Insights of Whale ActivityTo navigate the unpredictable waters of cryptocurrency markets, it is crucial to understand and utilize whale movements. Fortunately, several smart-money DeFi tools have emerged, empowering traders to track whale wallet activity and make informed trading decisions.Whale Tracking Tools: Your Guide to Whale BehaviorWhale tracking tools provide valuable insights into the actions of whale investors. These tools monitor large transactions, identify whale wallet addresses, and analyze token movements, enabling traders to anticipate potential price shifts and make informed trading decisions.Some prominent whale tracking tools include:Nansen: Nansen provides a comprehensive suite of tools for analyzing on-chain data, including whale wallet activity.Glassnode: Glassnode offers a range of metrics and charts to track whale behavior and identify potential market trends.Dune Analytics: Dune Analytics enables users to create custom queries and visualizations to analyze on-chain data, including whale movements.Utilizing Whale Data for Informed TradingBy effectively utilizing whale tracking tools, traders can gain valuable insights into whale behavior and make informed trading decisions. Here are some strategies for incorporating whale data into your trading approach:Monitor whale deposits and withdrawals: Large deposits or withdrawals from whale wallets can signal potential changes in market sentiment and future price movements.Identify accumulation and distribution patterns: Analyze whale wallet activity to identify patterns of accumulation or distribution, which can indicate potential buying or selling opportunities.Correlate whale movements with price trends: Observe how whale activities align with price movements to gain insights into the impact of whale behavior on token prices.Case Studies: Whale Movements Shaping Market OutcomesNumerous examples illustrate the influence of whale actions on token prices. Here are a few notable case studies:The Bitcoin Whale Effect: In 2017, a single whale reportedly accumulated over 1% of the total Bitcoin supply, leading to a significant price surge.The Ethereum Whale Shakeout: In 2018, a group of whales sold large amounts of Ethereum, triggering a market-wide correction.The Dogecoin Whale Pump: In 2021, a whale's substantial purchase of Dogecoin fueled its meteoric rise in popularity and price.Conclusion: Riding the Waves of Whale InfluenceUnderstanding and utilizing whale movements can be a powerful tool for navigating the volatile cryptocurrency markets. By employing smart-money DeFi tools and incorporating whale data into trading strategies, traders can make informed decisions, potentially increasing their chances of success in this dynamic financial landscape.Remember, the cryptocurrency market is inherently unpredictable, and even the most sophisticated analysis cannot guarantee success. Always conduct thorough research, exercise caution, and manage your risk accordingly. #whalealert #BinanceBlockchainWeek #BTC🔥🔥 #ETH #CryptoTalks $BTC $ETH $BNB

The Poloniex Hack: A Harbinger of Doom for the Crypto Industry?On November 10, 2023, Poloniex, a cryptocurrency exchange owned by Justin Sun, was hacked for $63 million. This hack is the latest in a string of high-profile attacks on cryptocurrency exchanges, and it has raised serious concerns about the security of the crypto industry.The Poloniex hack is significant for a number of reasons. First, it is one of the largest cryptocurrency hacks to date. Second, it was carried out on a major exchange, which suggests that even the largest and most well-established exchanges are vulnerable to attack. Third, the hack occurred at a time when the crypto market is already struggling, which has further eroded confidence in the industry.The Poloniex hack is also significant because it highlights the unique challenges of securing cryptocurrency exchanges. Exchanges are attractive targets for hackers because they hold large amounts of valuable assets. However, exchanges are also difficult to secure because they must be accessible to users 24/7. This makes it difficult to implement and maintain strong security measures.The Poloniex hack is a harbinger of doom for the crypto industry if exchanges do not take steps to improve their security. If exchanges continue to be hacked, it will further erode confidence in the industry and make it difficult for cryptocurrencies to gain mainstream adoption.Explanation- The Poloniex hack is a sophisticated and unprecedented attack on the cryptocurrency industry. The hackers were able to gain access to Poloniex's hot wallets, which are used to store funds that are actively traded. This suggests that the hackers have a deep understanding of cryptocurrency exchanges and their security vulnerabilities.The hackers also used a variety of advanced techniques to conceal their attack and evade detection. For example, they used a technique called "transaction laundering" to mix the stolen funds with legitimate funds. This made it difficult for Poloniex to track down the stolen funds and recover them.The Poloniex hack is a wake-up call for the crypto industry. It shows that even the largest and most well-established exchanges are vulnerable to attack. Exchanges need to take steps to improve their security, or they will continue to be targets for hackers.Here are some specific ways that exchanges can improve their security:Implement multi-signature wallets, which require multiple people to sign off on transactions.Use hardware security modules (HSMs) to store private keys.Implement strong security measures for their hot wallets, such as two-factor authentication and rate limiting.Conduct regular security audits.Have a plan in place to respond to a security breach, in case one does occur.It is also important for users to take steps to protect their own funds. Users should:Use strong passwords and two-factor authentication for their exchange accounts.Only deposit funds into exchanges that they trust.Withdraw their funds from exchanges when they are not using them.By taking these steps, exchanges and users can help to make the crypto industry more secure.#BTC #ETH #CryptoTalks #BinanceSquare #CryptoNews $BTC $ETH $BNB

Onyx Exploit: -On November 1, 2023, an attacker drained $2.1 million from Onyx, a DeFi protocol, through an integer rounding vulnerability and a flash loan.What is an integer rounding vulnerability?An integer rounding vulnerability is a type of software bug that can occur when a computer program rounds a number from one data type to another. For example, if a program rounds a floating-point number to an integer, it may lose some precision. This can lead to unexpected results, such as the attacker being able to withdraw more funds than they are entitled to.What is a flash loan?A flash loan is a type of loan that can be taken out and repaid within the same block. This means that there is no risk to the lender, as the borrower must repay the loan before the block is finalized. Flash loans can be used to execute complex arbitrage and trading strategies.How did the attacker exploit Onyx?The attacker exploited Onyx by using an integer rounding vulnerability in the protocol's smart contracts. The attacker first took out a flash loan to borrow a large amount of cryptocurrency. Then, they used this cryptocurrency to buy a small amount of Onyx tokens. The attacker then sold the Onyx tokens back to the protocol, but the protocol rounded the price down in the attacker's favor. This allowed the attacker to withdraw more funds from the protocol than they deposited.What can DeFi protocols do to protect themselves from this type of exploit?DeFi protocols can protect themselves from this type of exploit by carefully auditing their smart contracts for integer rounding vulnerabilities. They can also use SafeMath libraries to help prevent integer rounding errors. Additionally, DeFi protocols should be careful about how they implement flash loans. For example, they should consider limiting the amount of cryptocurrency that can be borrowed through flash loans.Unique insightsHere are some unique insights into the Onyx exploit:The attacker used a combination of an integer rounding vulnerability and a flash loan to exploit Onyx. This is a new and sophisticated type of exploit that has not been seen before.The attacker was able to drain $2.1 million from Onyx in a single transaction. This shows that attackers are capable of stealing large amounts of money from DeFi protocols.The Onyx exploit is a reminder that DeFi is still a new and risky technology. DeFi protocols need to take steps to protect themselves from this type of exploit.ConclusionThe Onyx exploit is a serious security incident that highlights the risks associated with DeFi. DeFi protocols need to take steps to protect themselves from integer rounding vulnerabilities and other types of exploits.In addition to the above, here are some additional thoughts on the Onyx exploit:The attacker was able to exploit the vulnerability because it was not properly audited. This is a reminder of the importance of audits for DeFi protocols.The exploit was carried out using a flash loan, which is a relatively new financial tool. This shows that attackers are becoming more sophisticated and are using new tools to exploit DeFi protocols.The exploit drained a significant amount of money from Onyx, which could have a negative impact on the protocol's reputation and user confidence.DeFi protocols need to be aware of the risks involved and take steps to protect themselves from exploits. This includes auditing smart contracts, limiting the amount of cryptocurrency that can be borrowed through flash loans, and implementing other security measures. #BTC #ETH #CryptoTalks #BinanceSquare #cryptocurrency $BTC $ETH $XRP

Frax Website Hacked: What Investors Need to KnowOn November 1, 2023, the Frax website was hacked. The attackers were able to inject malicious code into the website, which redirected users to a fake Frax website. The fake website was designed to look like the real Frax website, but it was actually a phishing website that was designed to steal users' login credentials.The attackers were able to steal the login credentials of a number of Frax users. They then used these login credentials to gain access to users' Frax accounts and steal their cryptocurrency.What happened?The attackers were able to inject malicious code into the Frax website by exploiting a vulnerability in the website's code. The vulnerability allowed the attackers to execute remote code on the Frax servers.Once the attackers had access to the Frax servers, they were able to inject malicious code into the website's code. This malicious code redirected users to the fake Frax website.The fake Frax website was designed to look like the real Frax website, but it was actually a phishing website that was designed to steal users' login credentials.What can investors do?Investors who have used the Frax website since November 1, 2023 should immediately change their Frax account passwords. They should also check their Frax account balances to see if any cryptocurrency has been stolen.Investors should also be aware that the attackers may try to use the stolen login credentials to gain access to other cryptocurrency accounts that users have. Investors should change the passwords of all of their cryptocurrency accounts.Impact on the crypto marketThe Frax website hack is a reminder of the risks associated with investing in cryptocurrency. It is important to be aware of the security risks involved and to take steps to protect your funds.The hack is also likely to have a negative impact on the crypto market as a whole. It could lead to a loss of confidence in crypto exchanges and wallets. It could also lead to increased regulation of the crypto industry.Unique insightsHere are some unique insights into the Frax website hack:The attack was highly sophisticated and well-coordinated.The attackers were able to exploit a vulnerability in the Frax website's code that had not been previously identified.The attackers were able to steal a significant amount of cryptocurrency from Frax users.The hack is likely to have a negative impact on the crypto market as a whole.ConclusionThe Frax website hack is a reminder of the importance of security in the crypto industry. Investors should take steps to protect their funds and be aware of the risks involved.Additional insightsIn addition to the above, here are some additional insights into the Frax website hack:The attackers may have been targeting Frax users because Frax is a popular stablecoin platform.The attackers may have also been targeting Frax users because Frax is a relatively new platform.The attack could have been prevented if Frax had implemented better security measures.The attack is a reminder that even the most well-known and trusted cryptocurrency platforms are not immune to hacking.Recommendation for FraxFrax should take the following steps to prevent future hacks:Conduct regular security audits of its website and code.Implement multi-signature security for its wallets.Educate its users about the risks of phishing attacks.Recommendation for investorsInvestors should take the following steps to protect themselves from future hacks:Use strong passwords and enable two-factor authentication for all of their cryptocurrency accounts.Be careful about clicking on links in emails or on websites.Never enter their login credentials on a website that they are not sure is legitimate.Store their cryptocurrency in a secure wallet. #BinanceSquare #CryptoNews #cryptocurrency #BTC #ETH $BTC $ETH $BNB

Unibot Compromised: What Investors Need to KnowOn October 31, 2023, the crypto community was rocked by the news that Unibot, a popular Telegram-based crypto trading bot, had been compromised. The attackers were able to gain access to Unibot's private keys and steal a significant amount of cryptocurrency from its users.As a result of the hack, the price of the Unibot token (UNIBOT) fell by 40%. Investors who had staked their UNIBOT tokens on Unibot's platform were also affected, as their staked tokens were stolen in the hack.What happened?The attackers were able to gain access to Unibot's private keys by exploiting a vulnerability in the bot's code. The vulnerability allowed the attackers to execute remote code on Unibot's servers.Once the attackers had access to Unibot's private keys, they were able to steal cryptocurrency from Unibot's users and wallets. The attackers also transferred a large amount of UNIBOT tokens to their own wallets.What can investors do?Investors who have been affected by the Unibot hack should take the following steps:Secure your funds. If you have any cryptocurrency stored in Unibot's wallets, you should immediately transfer it to a secure wallet under your control.Change your passwords. If you used the same password for Unibot and other crypto exchanges or wallets, you should immediately change your passwords.Report the hack to the authorities. If you have lost cryptocurrency in the Unibot hack, you should report it to the authorities. You may also be able to file a claim with your insurance company.Impact on the crypto marketThe Unibot hack is a reminder of the risks associated with investing in cryptocurrency. It is important to be aware of the security risks involved and to take steps to protect your funds.The hack is also likely to have a negative impact on the crypto market as a whole. It could lead to a loss of confidence in crypto exchanges and wallets. It could also lead to increased regulation of the crypto industry.Unique insightsHere are some unique insights into the Unibot hack:The attack was highly sophisticated and well-coordinated.The attackers were able to exploit a vulnerability in Unibot's code that had not been previously identified.The attackers were able to steal a significant amount of cryptocurrency from Unibot's users and wallets.The hack is likely to have a negative impact on the crypto market as a whole.ConclusionThe Unibot hack is a reminder of the importance of security in the crypto industry. Investors should take steps to protect their funds and be aware of the risks involved. #BTC #ETH #CryptoTalks #CryptoNews #cryptocurrency $BTC $ETH $XRP

Bitcoin's Golden Cross and PlanB's S2F Signal a Buy for ATH After HalvingOn October 30, 2023, Bitcoin formed a golden cross, which is a bullish technical indicator that occurs when the 50-day moving average crosses above the 200-day moving average. Historically, golden crosses have been followed by significant price increases in Bitcoin.In addition to the golden cross, PlanB's Stock-to-Flow (S2F) model is also signaling a buy for Bitcoin. The S2F model is a quantitative model that predicts Bitcoin's price based on its scarcity. The model is based on the fact that Bitcoin's supply is limited and its production rate is decreasing over time.The S2F model has been highly accurate in predicting Bitcoin's price in the past. In fact, it predicted Bitcoin's 2021 all-time high with remarkable precision.The combination of the golden cross and PlanB's S2F signal suggests that Bitcoin is poised for another major bull run in the lead-up to the next halving, which is scheduled to occur in April 2024.What is a golden cross?A golden cross is a bullish technical indicator that occurs when the 50-day moving average crosses above the 200-day moving average. The 50-day moving average represents the short-term trend, while the 200-day moving average represents the long-term trend.When the 50-day moving average crosses above the 200-day moving average, it signals that the short-term trend is gaining strength and that the long-term trend is bullish.What is PlanB's S2F model?PlanB's Stock-to-Flow (S2F) model is a quantitative model that predicts Bitcoin's price based on its scarcity. The model is based on the fact that Bitcoin's supply is limited and its production rate is decreasing over time.The S2F model compares Bitcoin's stock, which is the total amount of Bitcoin that has been mined, to its flow, which is the rate at which new Bitcoin is being mined. The model predicts that Bitcoin's price will increase as its stock-to-flow ratio increases.What does this mean for Bitcoin investors?The combination of the golden cross and PlanB's S2F signal suggests that Bitcoin is poised for another major bull run in the lead-up to the next halving.Investors who are bullish on Bitcoin may want to consider buying Bitcoin now, while it is still relatively early in the bull cycle.Unique insightsIn addition to the above, here are some unique insights into the Bitcoin golden cross and PlanB's S2F signal:The golden cross has occurred only three times in Bitcoin's history, and each time it has been followed by a significant price increase.PlanB's S2F model has been highly accurate in predicting Bitcoin's price in the past.The next halving is scheduled to occur in April 2024, and halvings have historically been followed by major bull runs.ConclusionThe combination of the golden cross, PlanB's S2F signal, and the upcoming halving suggests that Bitcoin is poised for another major bull run. Investors who are bullish on Bitcoin may want to consider buying Bitcoin now, while it is still relatively early in the bull cycle.It is important to note that Bitcoin is a volatile asset and any investment comes with risk. Investors should always do their own research before making any investment decisions. #BTC #BinanceSquare #cryptocurrency #CryptoNews #ETH $BTC $BNB $ETH