Richard Teng believes that the fundamental value of Bitcoin will depend on its liquidity and the recognition of cryptocurrency as a full-fledged asset class. The head of the largest crypto exchange Binance, Richard Teng, believes that the upcoming Bitcoin halving will take place under “unique” conditions. In comments to The Block, Teng, who headed Binance in November 2023 after the departure of its founder Changpeng Zhao, indicated that the fourth Bitcoin halving is unique in that it will take place against the backdrop of a number of other important events in the Bitcoin ecosystem and will coincide with a period of growth in both cryptocurrency and and in the global market as a whole. In addition to the growing interest from institutional investors caused by the launch of exchange-traded funds (ETFs) on Bitcoin, according to Teng, today there is a boom in activity in Layer 2 networks and decentralized finance (DeFi) protocols on the blockchain bitcoin. This growth is largely due to the popularity of the Ordinals protocol, which allows the issuance of NFTs based on Bitcoin. According to him, the Bitcoin rate shows an upward trend for six months after each halving, which leads to a decrease in the rate of issuance of the first cryptocurrency. Teng believes that the reduction in the supply of new Bitcoin coins is a key factor in the growth of its price. #btc #eth #wsm

#btc #eth #wsm The CEO of Bitwise said that officially registered investment advisers (RIAs) and companies that engage in fiduciary capital management are increasingly becoming interested in Bitcoin. Hunter Horsley believes that many family offices are now buying their first cryptocurrency, but almost none of them are publicly announcing it. If you look at the profiles of these management companies on LinkedIn or their websites, there will be nothing said about buying Bitcoin. The Bitwise CEO claims to have had about ten two-hour meetings with RIAs this week, and all of them showed genuine interest in Bitcoin. “Many investment advisors are well aware of what Bitcoin is, they are looking at investments in BTC for the long term and thinking about how Bitcoin can fit into an investment portfolio,” the businessman assures. The head of Bitwise is confident that this indicates a turning point in the adoption of Bitcoin by traditional companies. The upcoming halving, which could become a catalyst for an increase in the value of the first cryptocurrency, also contributes to interest. Hunter Horsley suggested that after the reward for miners is halved, the BTC rate is able to reach $100,000. However, according to the top manager of Bitwise, the importance of halving is greatly underestimated by the market. According to December forecasts from Bitwise Asset Management analysts, in 2024 the Bitcoin rate will reach new historical highs and rise to $80,000.

Kaiko analysts note that the growth of the indicator coincided with the update of ATH, and traders are taking profits as Bitcoin updated its historical maximum of $73,000. The depth of asset liquidity reached a record, and the trading volume of the first cryptocurrency returned to 2021 levels.
According to on-chain analysis, a slower increase in the number of new Bitcoin millionaires is recorded. The daily increase is less than 2000. In 2021, the daily increase reached 4000.

The first cryptocurrency has risen in price by more than 70% since the beginning of the year
The Bitcoin (BTC) rate on March 12 at 17:00 rose above $73 thousand on the Binance exchange paired with the USDT stablecoin, reaching a new historical high. Immediately after reaching this mark, the rate rolled back. At 17:30 Moscow time, Bitcoin is trading at $71,950.

Markus Thielen from 10x Research allowed Bitcoin to rise above $52 thousand by the end of the first quarter of 2024, writes CoinDesk. The analyst, who predicted Bitcoin's recent decline to $38,000 in mid-January, believes that a slowdown in the outflow of funds from the Grayscale Bitcoin Trust (GBTC) and advertising of a Bitcoin ETF on Google could contribute to further growth in the rate of the first cryptocurrency. Thielen uses Elliott theory in his forecasts , which assumes that asset prices move in waves. According to this theory, a trend develops in five waves, of which the first, third and fifth are “impulse waves” of the main trend. The rest are “pullback waves,” meaning a temporary halt to the underlying trend. According to Thielen, Bitcoin has been in this “wave” pattern since early last year, and the recent decline from $49K to $38.5K represents the fourth wave. that is, a temporary setback. Now the fifth wave has begun, which can raise the price of Bitcoin above $52.6 thousand. Thielen considers the breaking of the $43 thousand level to be the right moment to start “bullish” bets. And, in his opinion, advertising of exchange-traded BTC funds on Google can lead to an increase in the price of Bitcoin , the general growth of the stock market and the cessation of the influence on the price of the first cryptocurrency of the outflow of funds from the Grayscale fund.“From a risk management perspective, we should go long again as soon as Bitcoin breaks above $43,000. <span Potential catalysts for a move higher could include a reduction in the impact of Grayscale GBTC sales on the price of Bitcoin, new all-time highs in stocks and allowing advertising crypto ETFs on Google,” wrote the founder of 10x Research.#btc #eth #wsm

#btc #eth #wsm Experts predicted a drop in the rate of the first cryptocurrency to $32 thousand. According to specialists from the analytical platform CryptoQuant, the approval of a spot Bitcoin ETF in the United States could become “sell the news,” writes The Block. This will lead to the fact that the price of BTC could drop to $32 thousand, experts believe. Buy the Rumor, Sell the News is an investor strategy “Buy on rumors, sell on facts/news.” The mechanism works like this: on the eve of an event (based on rumors about it), the market, fueled by anticipation, invests in the asset, which contributes to its rise in price. In this case, buying bitcoins before the expected approval of spot bitcoin ETFs. But among investors there are both speculators and those who plan to close positions at local highs. Therefore, the expected event itself often becomes a reason for them to fixate (selling on news), which leads to a correction in the price of the asset after the event. In support of its forecasts, CryptoQuant provides data according to which Bitcoin owners have large unrealized profits after the first cryptocurrency grew in price above $40 thousand. Historically, this precedes a price correction, analysts say.rbc.grouppressure on Bitcoin sales could also come from high unrealized miner profits, CryptoQuant noted, pointing to increased sales from Bitcoin miners in the past few weeks, during which the BTC price remained above $40 thousand. According to analysts, if the “sell at news" is correct, then the price of Bitcoin may drop to $32 thousand. Earlier, Bitfinex analysts predicted a correction in the Bitcoin rate. They noted that the short-term pullback of the first cryptocurrency may be due to the fact that the $44 thousand level serves as a profit realization point for medium-term holders of the asset.

"We confirm that in Argentina you can enter into contracts." in Bitcoin. <span And also in any other form of cryptocurrency,” Mondino wrote on the social network X (Twitter). The minister did not provide details of the new measures that the government plans to take regarding cryptocurrencies, but this decision is in line with the views of the recently elected President Miley on monetary the country's politics amid serious problems with hyperinflation and devaluation of the Argentine peso.rbc.groupJavier Miley was elected President of Argentina on November 19, 2023. He won 55.75% of the vote, while his opponent, candidate from the previous government Sergio Massa, received 44.24%. Miley promised to significantly reduce the public sector of the economy and government spending, combat triple-digit inflation, eliminate the Central Bank and replace the peso with the US dollar. He also intended to withdraw Argentina's application to BRICS and strengthen relations with the United States and Israel, breaking with Brazil and China. “Miley views Bitcoin as a critical tool in the fight against the inefficiency and corruption of centralized financial systems,” The Block quoted a Grayscale Investments report published in November. The new president of Argentina is considered an ardent opponent of central banks and supports the idea of ​​​​bitcoin, believing that the big advantage of digital gold is its limited supply. After Miley’s victory in the presidential election, the Bitcoin exchange rate against the Argentine peso approached a historical high.

#btc #etc #wsm Happycoin.club - The US Financial Accounting Standards Board has announced new rules requiring companies to measure Bitcoin and cryptocurrencies at fair value. The rules are set to take effect on December 15, 2024, although companies have the option to adopt them earlier. The guidelines require businesses to report the value of Bitcoin and cryptocurrencies at market prices at the end of each reporting period. The new initiative aims to improve the transparency and accuracy of financial reporting, given the volatile nature of digital assets such as Bitcoin. Unlike previous methods, which treated Bitcoin as an intangible asset, the new approach uses fair value accounting. The innovation will allow companies to periodically record unrealized gains and losses by offering benefits on their balance sheets if the asset price rises, without having to sell. The change could encourage more companies to hold bitcoin for the long term and report appreciation without selling. Grayscale Investments LLC CFO Edward McGee called the new initiative a “holiday gift of common sense accounting.”

#btc #eth #wsm The purpose of this article is to explore the economic essence of Bitcoin and its value for the economy and society. The relevance of this study is confirmed by the growth of non-cash payment methods around the world, the acceptance of Bitcoin as a means of payment at the level of large companies and entire countries. As a result of the study, it was concluded that the main difference between Bitcoin and other payment systems is expressed in the transparency of its transactions, security, anonymity and lack of censorship, since its work is supported by information technology, and not by the government or central bank. It was also revealed that behind the creation of Bitcoin there are a large number of scientists and enthusiasts who created the prerequisites for its appearance in 2008 for 40 years.

#btc #eth #wsm Tokens associated with the Terra ecosystem have shown multiple growth over the past few weeks. Over the past 24 hours, the price of Bitcoin (BTC) has increased by almost 12% and at 17:30 Moscow time is approximately $41,500. Thus, the BTC rate has returned to the levels it was last seen were observed before the collapse of the Luna project (LUNA) and the associated stablecoin TerraUSD (UST) in the spring of 2022. CRYPTORE ADVERTISING • LP-BITRIVER.RULeaders of growth and declineBAT/USD 00:370.24531 5.62%BTC/USD 00:3841 781 5 .32%DSH/USD 00:3232.15 3.12%OMG/USD 00:370.6649 2.9%EOS/USD 00:330.71758 2.86%ADA/USD 00:370.40179 2.73 %ETH/USD 00:372 227.7 2.49%MKR/USD 00:181 479.3 -2.18%XTZ/USD 00:380.87237 2.17%XMR/USD 00:37168.04 -2 .11%IOT/USD 00:380.33186 1.57%LINK/USD 00:3715.61 -1.56%ETC/USD 00:2719.79 1.08%NEO/USD 00:3212.06 -0 .54%TRX/USD 00:370.10326 -0.43%LTC/USD 00:3872 0.35%XRP/USD 00:380.62334 0.27%XLM/USD 00:330.12175 0.17% QTM/USD 12.043.1025 0.14%UST/USD 00:380.99918 -0.06% Cryptocurrency, Dec 04, 17:29 1,441 Bitcoin rate has fully recovered after the collapse of TerraUSD in 2022 Bitcoin rate has recovered after the collapse of the stablecoin TerraUSD in 2022 2022 Tokens associated with the Terra ecosystem have shown multiple growth over the past few weeks. Over the past 24 hours, the price of Bitcoin (BTC) has increased by almost 12% and at 17:30 Moscow time is approximately $41,500. Thus, the BTC rate has returned to the levels that were last times were observed before the collapse of the Luna (LUNA) project and the associated stablecoin TerraUSD (UST) in the spring of 2022.BTC/USD41 784 +2 114 (5.33%)Dec 05 00:38:371d 3d 1m 3m 1y 5l2019202020212022202320240.0025 000.0050 000.0075 000.00BTC/USD : 27532Monday nick, Oct 2, 2023Luna Classic (LUNC), Terra 2.0 (LUNA) tokens ) and TerraUSD (USTC), directly linked to the Terra ecosystem, have grown by 80-300% over the past few weeks, according to Coinmarketcap. As Coindesk notes, the catalysts for such rapid growth are several events: investments of $15 million in the Terra ecosystem, plans to restore the stablecoin rate, as well as the ongoing program to burn LUNC tokens on the largest cryptocurrency exchange Binance.rbc.group Algorithmic stablecoin UST and supporting it pegged to the US dollar exchange rate, the LUNA cryptocurrency was developed by a native of South Korea, Do Kwon. On May 8, 2022, UST lost its peg to the dollar and fell to $0.05 within a few days. Before its collapse, the stablecoin had a market capitalization of more than $18.5 billion and was the tenth largest cryptocurrency by this indicator. LUNA, which was used to stabilize the UST rate, also suffered. The developers increased the altcoin issue to 6.9 trillion tokens, which led to a drop in price from $80 to $0.00013 over the same period. The situation led to the closure of hedge fund Three Arrows Capital and hit crypto lenders Voyager Digital and Celsius Network. According to some estimates, as a result of the fall of the TerraUSD and Luna projects, the crypto community suffered losses of $60 billion. In South Korea, Kwon was charged with violating the capital markets law and a warrant was issued for his arrest. An Interpol Red Notice was also issued against him, according to which law enforcement agencies around the world must search for the head of Terraform in order to take him into custody. On November 24, 2023, the highest court in Podgorica approved the extradition of Do Kwon at the request of the South Korean authorities and the USA. Do Kwon may spend most of his life behind bars, first in South Korea and then in the United States, said Dan Sung-gan, director of the financial crimes investigation bureau at the Seoul Southern District Prosecutor's Office.

#btc #eth #wsm Happycoin.club - Восстановление крипторынка, зафиксированное в сентябре, привело к тому, что значительное количество кошельков, созданных в 2012 году, вернулись к жизни. Переводы с кошельков 2009 года практически отсутствуют, а переводы с адресов 2010 года и вовсе становятся всё более редкими.В октябре также было замечено несколько переводов с кошельков 2012 года, причём последний из них произошёл 31 октября 2023 года. Эта транзакция включала перемещение 10 биткоинов из кошелька, созданного 13 декабря 2012 года.30 ноября 2023 года произошло ещё одно примечательное событие: кошелёк того же года провёл значительный перевод 100 BTC на сумму $3,77 млн.

A surge of interest in Bitcoin exchange-traded funds amid anticipation of US regulatory approval could potentially increase the flow of money into cryptocurrencies, Glassnode analysts write. Experts estimate that after the approval of a spot Bitcoin ETF, up to $70 billion of new capital could flow into the Bitcoin market. The forecast is based on the assumption that 10% of the money currently invested in the main stock and bond ETFs will flow into the Bitcoin ETF. The main influx of investment into Bitcoin ETFs is expected not only from the stock and bond market ($60.6 billion), but also from the gold market ($9.9 billion), experts believe. Even more conservative projections suggest billions of dollars could flow into the market in the early years. In October, the digital asset market saw increased interest from institutional investors in cryptocurrencies. Bitcoin led the bullish trend, up 28% month-over-month and up over 108% year-to-date. Other cryptocurrencies, such as Solana, also posted impressive gains, pointing to a broader market recovery, Glassnode analysts wrote. The Securities and Exchange Commission (SEC) must approve a Bitcoin ETF by mid-January. Meanwhile, Bloomberg experts believe that the approval of exchange-traded funds for Bitcoin by the American regulator will be able to attract even up to $100 billion into the cryptocurrency industry. Thanks to this, such heavyweights of traditional finance as BlackRock, Fidelity and Invesco will be able to appear on the crypto market. According to a new report from research firm Bernstein, Bitcoin has the potential to become a global macro asset with a market capitalization of over $3 trillion.#btc #eth #wsm

#btc #eth #wsm По мнению аналитиков, консолидация последних недель является позитивным признаком для дальнейшего восходящего движенияКурс биткоина (BTC) в моменте достиг отметки $38 035 в паре к стейблкоину Tether USD (USDT) на бирже Binance, что стало новым максимумом 2023 года. Ровно год назад, 24 ноября 2022 года, первая криптовалюта торговалась около отметки $16 600. Таким образом, за прошедший год биткоин вырос почти на 130%.

OMSK, May 18 - RIA Novosti. A resident of the Moscow region was sentenced by an Omsk court to 8 years and one month in prison for robbery, as well as extortion of bitcoins worth over 181 million rubles, the press service of the regional prosecutor's office said. The court found that in August-September 2021, a 48-year-old resident of the Moscow region was in Omsk. He conducted surveillance of a local resident, suggesting that he had savings in bitcoins worth 181 million rubles. The man called him several times, threatened him and demanded that he transfer bitcoins to his crypto wallet. In November 2021, the criminal bought two stun guns in Moscow and, together with two accomplices, again came to Omsk and continued surveillance of the Omsk resident, planning to attack him. At night on December 22, 2021, the accused and one of the accomplices, wearing masks and armed with stun guns, entered to a house in which a family of three lived, among whom, as the attackers assumed, the owner of the bitcoins should have been. One of the residents of the house was able to repel the attackers, which is why the latter fled the scene,” the department’s press service said.The organizer of the crime was found and detained. He did not admit guilt in committing the crime. A criminal case was initiated under the articles “robbery” and “extortion.” The court sentenced him to 8 years and 1 month of imprisonment in a maximum security correctional colony, and also decided to recover 180 thousand rubles from him in favor of the three victims as compensation for the damage caused moral harm," the press service added. The search for the remaining participants in the crime continues. #bitcoin #