Bitcoin Halving Explained
Here's a breakdown of the 3 phases and what they mean for investors:
1. Pre-Halving Retrace:
* Think of this as a final sale before prices potentially surge. The drop can be sharp but also varies in depth and duration.
* Historically, this occurs 14-28 days before the halving event.
* The goal is to form a low point for the next phase and shake out weaker investors.
2. Re-Accumulation:
* After the retrace bottom, Bitcoin tends to trade sideways, potentially for weeks or months.
* This phase can be frustrating as prices seem stagnant, testing investor patience.
* The key here is that smart investors are accumulating more Bitcoin in anticipation of the next surge.
3. Parabolic Uptrend:
* This is the explosive growth phase everyone waits for.
* Once Bitcoin breaks out of the re-accumulation range, prices tend to skyrocket.
* Historically, this phase lasts around a year, but the current market suggests it could be much faster this time.
Key Points & Considerations:
* Bitcoin halving cuts the rewards for miners in half, impacting the supply of new coins and potentially influencing price.
* While past halvings offer some clues, each cycle is unique. The current market shows signs of repeating patterns from 2016 and 2020 but may move faster.
Disclaimer: This is for informational purposes only, not financial advice. Crypto investments are highly volatile. Always do thorough research before investing.
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UK regulator permits crypto ETNs for professional investors

The United Kingdom’s financial watchdog has announced that recognized exchanges can launch crypto asset exchange-traded notes (cETNs).

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$BTC Currently 68290
Resistance at 70500/73000
Support at 66700/63000...
Long/Short can be taken accordingly...
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Newly released Satoshi emails reveal a treasure trove of early Bitcoin lore

Satoshi didn’t come up with the term “cryptocurrency” and wanted to downplay Bitcoin’s “anonymity.”

A litany of insights into the early days of cryptocurrency were recently revealed when Bitcoin creator Satoshi Nakamoto’s earliest collaborator, Martti Malmi, published 120 pages of email correspondences between the two on GitHub on Feb. 23.
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Crypto projects have received over $90 billion in all-time funding

The total, all-time dollar amount invested into crypto and blockchain-related companies exceeded $90 billion this month, according to The Block Research, which has been tracking funding data for startups in the industry since 2017.

Animoca Brands and Polychain Capital were among the investors and venture capitalists injecting capital into more than 50 new projects in February.
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eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team

eBay had acquired KnownOrigin in 2022, hoping to establish itself as an early NFT player.

eBay has not addressed these reported layoffs publicly

Some senior officials of eBay and KnownOrigin have been impacted by layof

eBay maybe restructuring internally but confirmation is awited

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Shiba Inu $SHIB burn rate soars 8,511% as bulls push for price rebound

The Shiba Inu burn rate saw an astonishing growth of 8,511.59%, with a total of 86,115,940 SHIB sent to dead-end wallets. As seen upon a close observation of the burn rate, the number of destroyed SHIB tokens has been consistently increasing, reviving the meme coin's overall bullish outlook. The Shiba Inu burn rate has always been a key indicator of the token's ability to achieve significant growth or recovery. With SHIB flirting with the $0.00001 resistance level, this burn rate reboot is critical because it can help concentrate bull market effort toward achieving the desired growth target. Following this most recent burning, 410,708,549,032,198 SHIB had been burned in total, bringing the total number of SHIB in circulation down to 581,442,378,236,136 SHIB.
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Longtime crypto skeptic Donald Trump’s latest take on Bitcoin: ‘You probably have to do some regulation’

After characterizing Central Bank Digital Currencies as “tyranny” just last month, Donald Trump just said at a town hall that he’s—at the very least—aware of Bitcoin’s growing popularity.

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Kraken Joins Binance, Coinbase Seeking Dismissal of SEC’s Lawsuit

Crypto exchange Kraken has filed to dismiss the Securities and Exchange Commission’s lawsuit against the firm in a US court, joining peers who have filed similar petitions.

The SEC had alleged that Kraken was running an unregistered exchange and co-mingled customer assets with its own and at times paid expenses from bank accounts that held customer cash.

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Fresh initiatives from the Shiba Inu team has seen the token burn rate spike 4,200%. Is SHIB price heading for a decisive breakout toward $0.00002?

Shiba Inu (SHIB) price has maintained a positive price performance so far in February 2024. Fresh developments within the second-largest memecoin ecosystem has seen SHIB token burn rate record a noticeable spike on Thursday Feb 2022.

Can the bulls capitalize on the rare market phenomenon to drive another SHIB price breakout from it current consolidation phase?

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Crypto Billionaire Arthur Hayes Unveils 8 Altcoins Set for a ‘Bull Rally’

On February 21, BitMEX co-founder and Maelstrom’s Chief Investment Officer, Arthur Hayes, revealed eight altcoins he believes will experience significant growth as the crypto bull season draws near. His lineup includes dYdX, GMX, Flare, Pendle, Krav, Elixir, Ethena, and Axelar.

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The Nigerian Communications Commission (NCC), the telecoms regulator, late on Wednesday ordered telecoms companies to restrict consumer access to the websites of companies like Binance, Coinbase and Kraken, according to people familiar with the matter. On Thursday consumers had only intermittent access to some sites.

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Crypto venture capital firm Binance Labs has disclosed an investment in Renzo, the interface to the EigenLayer ecosystem.

According to an announcement on Feb. 22, Binance Labs is joining a group of venture firms and crypto ecosystems that invested $3.2 million in the startup seed round in January. Binance’s investment in the startup has not been revealed.

Renzo offers Ethereum smart contracts that facilitate communication between stakers, node operators and actively validated services (AVSs). In other words, it allows users to restake assets, delegate them to node operators, and interact with on-chain service modules, according to the company.

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Ether $ETH is currently wrestling with the $3,000 resistance level, following a remarkable 29.7% surge from Feb. 6 to Feb. 20. Analysts attribute ETH's recent gains to a decrease in supply, driven by growing demand for staking, decentralized finance (DeFi) applications, and the shrinking supply caused by the network's proof-of-stake burn mechanism.

While Ether’s rally to $3,000 is impressive, the real question is can the altcoin gather enough strength to reclaim the sought-after $3,300 level last seen in March 2022?

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