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👉👉👉 Are PoS networks really more expensive to attack than PoW?
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoin’s mining power costs about $2 billion annually, considering miners’ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoin’s mining power costs about $2 billion annually, considering miners’ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
Good morning!
There's some panic about #BTC🔥🔥🔥🔥
dropping to $8000, but let's clarify: it didn't happen! It occurred on a lesser-known exchange resembling #FTX.
These isolated incidents shouldn't rattle us; small exchanges like #BITMEX often involve shady practices.
Relax, folks! Let's worry when it impacts the broader market, not just some sketchy exchange. #Write2Earn #HotTrends .
Please follow for updates and likes. Tips appreciated! $BTC $SOL L $BNB
There's some panic about #BTC🔥🔥🔥🔥
dropping to $8000, but let's clarify: it didn't happen! It occurred on a lesser-known exchange resembling #FTX.
These isolated incidents shouldn't rattle us; small exchanges like #BITMEX often involve shady practices.
Relax, folks! Let's worry when it impacts the broader market, not just some sketchy exchange. #Write2Earn #HotTrends .
Please follow for updates and likes. Tips appreciated! $BTC $SOL L $BNB
LIVEStellar Stocks Trading
--
Em Alta
Claim Free FDUSD Rewards From Binance Pay
Claim Free FDUSD Rewards
#HotTrends #sol #DOGE #WIF #BTC
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#HotTrends #sol #DOGE #WIF #BTC
🧐 Arthur Hayes, former CEO of BitMEX, predicts a resurgence in Bitcoin’s #bullmarket due to a potential $1.4 trillion liquidity spike from U.S. economic measures.
The focus is on U.S. Treasury Secretary Janet Yellen rather than the Federal Reserve. Upcoming Treasury documents could outline significant monetary injections via the Treasury General Account and Reverse Purchase Agreements, potentially catalyzing the market.
#BITMEX #BitcoinPrediction #bullish #TrendingTopic
The focus is on U.S. Treasury Secretary Janet Yellen rather than the Federal Reserve. Upcoming Treasury documents could outline significant monetary injections via the Treasury General Account and Reverse Purchase Agreements, potentially catalyzing the market.
#BITMEX #BitcoinPrediction #bullish #TrendingTopic
Arthur Hayes' Take on Fed Decision and Crypto Positivity. 🪙💰
Renowned in the crypto sphere as the co-founder of BitMEX exchange, Arthur Hayes recently weighed in on the Federal Reserve's recent decision, offering valuable insights into its implications for the cryptocurrency market.
Positive Response to Fed Decision:
Hayes emphasized the favorable impact of the Federal Reserve's decision to maintain steady interest rates, noting positive market reactions. Shared a news image depicting Wall Street traders gearing up for a significant move in 2024.
No Room for Crypto Negativity:
Expressing unwavering confidence in cryptocurrencies, Hayes dismissed negative sentiments. Urged followers to embrace the potential of cryptocurrencies while questioning the value of traditional fiat money.
Bitcoin's Paramount Role:
Consistently stressing Bitcoin's pivotal role, Hayes discussed its status as the most valuable asset and its significance in financial advancements.
Diversification in Trading:
Hayes revealed involvement in trading various cryptocurrencies, including meme coins and altcoins. Highlights a diversified trading strategy extending beyond the realms of Bitcoin.
Market Outlook for 2024:
The shared news image suggests Wall Street traders preparing for a substantial financial move in 2024. Implies a potential shift in traditional finance towards increased involvement in crypto investments.
In a dynamically evolving financial landscape, Arthur Hayes' insights shine a light on the prevailing optimism surrounding cryptocurrencies, particularly following significant economic decisions. As the crypto market continues to integrate with traditional finance, Hayes underscores Bitcoin's enduring significance and advocates for a positive outlook on the future. Stay tuned for more updates in this exciting intersection of traditional and digital finance.
#ArthurHayes #BITMEX #Fed #Wallstreet
Renowned in the crypto sphere as the co-founder of BitMEX exchange, Arthur Hayes recently weighed in on the Federal Reserve's recent decision, offering valuable insights into its implications for the cryptocurrency market.
Positive Response to Fed Decision:
Hayes emphasized the favorable impact of the Federal Reserve's decision to maintain steady interest rates, noting positive market reactions. Shared a news image depicting Wall Street traders gearing up for a significant move in 2024.
No Room for Crypto Negativity:
Expressing unwavering confidence in cryptocurrencies, Hayes dismissed negative sentiments. Urged followers to embrace the potential of cryptocurrencies while questioning the value of traditional fiat money.
Bitcoin's Paramount Role:
Consistently stressing Bitcoin's pivotal role, Hayes discussed its status as the most valuable asset and its significance in financial advancements.
Diversification in Trading:
Hayes revealed involvement in trading various cryptocurrencies, including meme coins and altcoins. Highlights a diversified trading strategy extending beyond the realms of Bitcoin.
Market Outlook for 2024:
The shared news image suggests Wall Street traders preparing for a substantial financial move in 2024. Implies a potential shift in traditional finance towards increased involvement in crypto investments.
In a dynamically evolving financial landscape, Arthur Hayes' insights shine a light on the prevailing optimism surrounding cryptocurrencies, particularly following significant economic decisions. As the crypto market continues to integrate with traditional finance, Hayes underscores Bitcoin's enduring significance and advocates for a positive outlook on the future. Stay tuned for more updates in this exciting intersection of traditional and digital finance.
#ArthurHayes #BITMEX #Fed #Wallstreet
Mysterious Bitcoin Whale's Massive Accumulation Sparks Speculation. 🪙🐋
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
BitMEX co-founder Arthur Hayes has expressed his views on Solana (SOL), indicating a potential return to its original position. Posting a chart illustrating SOL price fluctuations, Hayes suggested, “I think it’s time to get back on track.” In light of his perspective on Bitcoin's correction bottoming out in the $30,000-$35,000 range, Hayes has taken strategic positions, including purchasing a put option with a $35,000 strike price expiring on March 29. Simultaneously, he initiated a weak stop loss for his Solana holdings. Hayes disclosed the closure of his SOL and BONK positions, with plans to resume buying dips, incorporating Solana and WIF, if BTC drops below $35,000. As of the latest data from CoinMarketCap, SOL is currently trading at $97.24, reflecting a 3.70% decline.
#BITMEX #Ftx❓ #FTT/USDT
#BITMEX #Ftx❓ #FTT/USDT
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.
#altoins #crypto #BullRun🐂 #Write2Earn #BITMEX
$DYDX $GMX $PENDLE
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.
#altoins #crypto #BullRun🐂 #Write2Earn #BITMEX
$DYDX $GMX $PENDLE
#Graysacle Bitcoin trust (GBTC) Witnesses Slowing Withdrawal Volumes:
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
Over the past few days, Grayscale’s Bitcoin Trust (GBTC) has shown a notable decline in withdrawal volumes, indicating a potential shift in investor sentiment. According to data from #BITMEX Research, on Feb. 23, #gbtc experienced withdrawals amounting to $44.2 million, marking the lowest daily volume since its transition on Jan. 11 from an over-the-counter product to an exchange-traded fund (ETF).
The trend of decreasing outflows is evident when examining the data from January onwards. By the end of January, GBTC had reported total withdrawals of $5.64 billion, with a substantial $640 million leaving on Jan. 22 alone. As February progresses, the pace of outflows has continued to slow, with a total of $1.8 billion withdrawn so far this month. Since its inception, GBTC has seen a total withdrawal of $7.4 billion.
This slowdown in withdrawals may suggest a stabilization or even a potential reversal in investor sentiment towards GBTC. It could signify a shift in strategy among investors, with some choosing to hold onto their positions rather than liquidating them. Additionally, it may reflect a growing confidence in Bitcoin and cryptocurrency markets as a whole, prompting investors to reconsider their withdrawal decisions.
While it’s essential to monitor the situation closely for further developments, the recent data indicates a notable shift in GBTC’s withdrawal patterns, potentially signaling changing dynamics within the cryptocurrency investment landscape.
#Write2Earn #TrendingTopic $BTC
#TrendingTopic BitMEX Founder Arthur Hayes Purchases Altcoins from Binance Again
Arthur Hayes, founder of cryptocurrency #exchange BitMEX, purchased altcoins from Binance, according to onchain data.
Arthur Hayes, founder of cryptocurrency exchange #BITMEX , reportedly withdrew 100,000 #PENDLE from Binance, equivalent to $314 thousand, at $3.14 per token. This move is part of a larger trend for Hayes, who has been steadily accumulating PENDLE since April 29, 2021.
Hayes collected a total of 1.44 million $PENDLE at an average price of $1.67, for an estimated cost of $2.41 million. Despite his considerable investment, Hayes continues to hold all 1.44 million PENDLE, which is now worth $4.55 million. This represents an unrealized profit of $2.14 million, a gain of 88.4%.
In addition to his PENDLE holdings, Hayes' known crypto holdings include 135.75 #ETH worth $463.59K, 39,946K PENDLE worth $144.21K, and 10K $BOND worth $40K. The total value of known crypto assets is $675,223.23.
However, Hayes' assets are estimated to be much more than this. On February 24, 2022, Hayes, along with co-founders Benjamin Delo and Samuel Reed and Gregory Dwyer, pleaded guilty to “willfully failing to establish, implement, and maintain an anti-money laundering program at BitMEX.” Because Hayes was a first-time offender and had a long history of charitable work, the Probation Department had recommended a sentence of two years probation with no prison time.
*This is not investment advice.
Arthur Hayes, founder of cryptocurrency #exchange BitMEX, purchased altcoins from Binance, according to onchain data.
Arthur Hayes, founder of cryptocurrency exchange #BITMEX , reportedly withdrew 100,000 #PENDLE from Binance, equivalent to $314 thousand, at $3.14 per token. This move is part of a larger trend for Hayes, who has been steadily accumulating PENDLE since April 29, 2021.
Hayes collected a total of 1.44 million $PENDLE at an average price of $1.67, for an estimated cost of $2.41 million. Despite his considerable investment, Hayes continues to hold all 1.44 million PENDLE, which is now worth $4.55 million. This represents an unrealized profit of $2.14 million, a gain of 88.4%.
In addition to his PENDLE holdings, Hayes' known crypto holdings include 135.75 #ETH worth $463.59K, 39,946K PENDLE worth $144.21K, and 10K $BOND worth $40K. The total value of known crypto assets is $675,223.23.
However, Hayes' assets are estimated to be much more than this. On February 24, 2022, Hayes, along with co-founders Benjamin Delo and Samuel Reed and Gregory Dwyer, pleaded guilty to “willfully failing to establish, implement, and maintain an anti-money laundering program at BitMEX.” Because Hayes was a first-time offender and had a long history of charitable work, the Probation Department had recommended a sentence of two years probation with no prison time.
*This is not investment advice.
Good morning, so people are freaking the F out about this whole #BTC🔥🔥🔥🔥 dropping to $8000, let's just remember something here. First thing it didn't happen! So stop freaking the F out . it happened on some no name scam exchange that will end up like #ftx . THE drop to $8000 didn't happen in the market it happened on some shitty exchange and if you know anything about anything you'll know small no name exchanges like #BITMEX are always run by thieves and manipulator's . So ladies and gentlemen relax and worry about it when it affects market, not some scamy exchange.
#Write2Erarn #HotTrends
Please follow for more and like . Tips goes a long way!$BTC $SOL $BNB
#Write2Erarn #HotTrends
Please follow for more and like . Tips goes a long way!$BTC $SOL $BNB
🚨Further insights on the issue!🚨
BitMEX launches an investigation into an aggressive Bitcoin sell-off! 🔍
- BitMEX's BTC-USDT spot market witnesses a sudden Bitcoin drop to $8,900. 💥
- Over 400 $BTC (not 850 as previously stated) sold within 2 hours, potentially resulting in losses exceeding $4 million. 😱
- BitMEX scrutinized it as "unusual activity" and "potential misconduct" by traders. 🕵️♂️
- No discernible impact observed on derivatives markets, mark prices, or liquidations. 📉
- Bitcoin's price decline coincides with a broader downturn in the crypto market. 📊
What factors do you believe triggered this significant sell-off? Share your insights in the comments below! 👇
#HotTrends #CryptoNews🚀🔥 #BITMEX
BitMEX launches an investigation into an aggressive Bitcoin sell-off! 🔍
- BitMEX's BTC-USDT spot market witnesses a sudden Bitcoin drop to $8,900. 💥
- Over 400 $BTC (not 850 as previously stated) sold within 2 hours, potentially resulting in losses exceeding $4 million. 😱
- BitMEX scrutinized it as "unusual activity" and "potential misconduct" by traders. 🕵️♂️
- No discernible impact observed on derivatives markets, mark prices, or liquidations. 📉
- Bitcoin's price decline coincides with a broader downturn in the crypto market. 📊
What factors do you believe triggered this significant sell-off? Share your insights in the comments below! 👇
#HotTrends #CryptoNews🚀🔥 #BITMEX
LIVEAlbert Minja
--
🚨 Bitcoin experienced a dramatic rollercoaster ride on BitMEX, plummeting to $8,900 late Monday! 😱 However, there's no need to panic as it swiftly bounced back to $67,000 within minutes, while other exchanges remained stable above $60,000. 📈
Reports suggest that a significant whale unloaded over 850 $BTC ($55.49M), potentially triggering the flash crash. BitMEX has initiated an investigation into these sizable sell orders. 🔍
Who else noticed this? What do you believe prompted this abrupt decline? 🤔 Feel free to share your insights below! 👇
#cryptocurrency #BitMEX #flashcrash
Reports suggest that a significant whale unloaded over 850 $BTC ($55.49M), potentially triggering the flash crash. BitMEX has initiated an investigation into these sizable sell orders. 🔍
Who else noticed this? What do you believe prompted this abrupt decline? 🤔 Feel free to share your insights below! 👇
#cryptocurrency #BitMEX #flashcrash
BREAKING: A seller on the BitMEX Bitcoin spot market has quickly sold over 400 BTC, causing the price to drop as low as $8,900
#HotTrends #BTC #Bitcoin(BTC) #CryptoNews🚀🔥 $BTC #BITMEX
#HotTrends #BTC #Bitcoin(BTC) #CryptoNews🚀🔥 $BTC #BITMEX
Arthur Hayes, former BitMEX CEO, has made bullish predictions for Bitcoin (BTC) and Ethereum (ETH), suggesting BTC could reach $1 million and ETH $100,000, influenced by ancestral guidance from Rapa Nui.
He's tied BTC's rise to the US Federal Reserve's decisions and anticipates a financial crisis. Hayes introduced "The Doom Loop" concept to trigger the next crypto bull market.
Veteran crypto trader Peter Brandt predicts BTC reaching $43,200 this year and expects growth after the April 2024 halving. These forecasts provide diverse perspectives on the future of BTC and ETH, reflecting the ongoing debate and uncertainty in the crypto market.
#ArthurHayes #BITMEX #RapaNui
He's tied BTC's rise to the US Federal Reserve's decisions and anticipates a financial crisis. Hayes introduced "The Doom Loop" concept to trigger the next crypto bull market.
Veteran crypto trader Peter Brandt predicts BTC reaching $43,200 this year and expects growth after the April 2024 halving. These forecasts provide diverse perspectives on the future of BTC and ETH, reflecting the ongoing debate and uncertainty in the crypto market.
#ArthurHayes #BITMEX #RapaNui
📣 #BITMEX offers 200x leverage for ether perpetuals ahead of anticipated US spot ETFs
The Seychelles-based crypto derivatives exchange announced on Wednesday that it will increase the maximum #Leverage: of its ether perpetuals product to 200x. The leverage boost comes in the wake of the recent U.S. Securities and #exchange Commission (SEC) regulatory approval of spot ether ETFs, which has heightened market volatility.
#BnbAth #StartInvestingInCrypto
The Seychelles-based crypto derivatives exchange announced on Wednesday that it will increase the maximum #Leverage: of its ether perpetuals product to 200x. The leverage boost comes in the wake of the recent U.S. Securities and #exchange Commission (SEC) regulatory approval of spot ether ETFs, which has heightened market volatility.
#BnbAth #StartInvestingInCrypto
🤔 $BTC Analyst C.Q.: The recent outflow of 35,486 BTC from BitMEX should not be ignored. Historically, such events on #BITMEX are predictable signals that precede Bitcoin price increases.
BitMEX Adds XRP for Spot Trading Ahead of Ripple vs. SEC Lawsuit Deadline
A well-known cryptocurrency exchange, BitMEX, has added XRP for spot trading to its list of trading options. Through the March 20th, 04:00 UTC launch of the XRP/USDT trading pair, users can now deposit, trade, and withdraw XRP directly on the exchange.
So, the purpose of this new innovation is to improve the trading experience for BitMEX users by offering smooth transactions and navigation on desktop and mobile devices. Additionally, the site allows traders to convert XRP into over 30 different cryptocurrencies.
Ripple vs. SEC: A Legal Showdown Looms
Coinciding with Ripple Labs continuing legal battle with the U.S. Securities and Exchange Commission (SEC), is the timing of XRP’s debut on BitMEX. On March 22, a pivotal day in the litigation, the SEC is scheduled to make a substantial opening statement about the remedies.
The lawsuit, which has captured the attention of the cryptocurrency community, concerns whether U.S. regulations classify transactions made through Ripple’s On-Demand Liquidity (ODL) service as securities.
As the court case moves further, Ripple is getting ready to submit its counter-rebuttal on April 22, and the SEC will respond by May 6, as ETHNews had earlier detailed
Following the filing of the complaint and the SEC’s discovery, this phase is crucial for summarizing the upcoming legal strategies and supporting materials, particularly those pertaining to Ripple’s institutional sales agreements. To explore more details about this development, you can watch the following YouTube video:
Market Watch: Captain Faibik Predicts Price Breakout
With a tweet indicating a big price shift for XRP, cryptocurrency researcher Captain Faibik sparked speculation among these legal and operational changes.
On XRP’s weekly chart, Captain Faibik drew attention to a Symmetrical Triangle pattern that was developing. This pattern is frequently linked to trend continuation.
Investors and traders are closely observing this development in the hopes that the anticipated breakthrough will result in substantial market gains and that the analyst’s suggested $2.50 mid-term target will be reached.
Meanwhile, the XRP price appeared to try to recover in the last 24 hours, rising 0.56% to $0.5952. This reflects a slump of more than 12% in the past week. XRP is currently the 6th largest cryptocurrency by market cap.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BITMEX #RippleXRP
So, the purpose of this new innovation is to improve the trading experience for BitMEX users by offering smooth transactions and navigation on desktop and mobile devices. Additionally, the site allows traders to convert XRP into over 30 different cryptocurrencies.
Ripple vs. SEC: A Legal Showdown Looms
Coinciding with Ripple Labs continuing legal battle with the U.S. Securities and Exchange Commission (SEC), is the timing of XRP’s debut on BitMEX. On March 22, a pivotal day in the litigation, the SEC is scheduled to make a substantial opening statement about the remedies.
The lawsuit, which has captured the attention of the cryptocurrency community, concerns whether U.S. regulations classify transactions made through Ripple’s On-Demand Liquidity (ODL) service as securities.
As the court case moves further, Ripple is getting ready to submit its counter-rebuttal on April 22, and the SEC will respond by May 6, as ETHNews had earlier detailed
Following the filing of the complaint and the SEC’s discovery, this phase is crucial for summarizing the upcoming legal strategies and supporting materials, particularly those pertaining to Ripple’s institutional sales agreements. To explore more details about this development, you can watch the following YouTube video:
Market Watch: Captain Faibik Predicts Price Breakout
With a tweet indicating a big price shift for XRP, cryptocurrency researcher Captain Faibik sparked speculation among these legal and operational changes.
On XRP’s weekly chart, Captain Faibik drew attention to a Symmetrical Triangle pattern that was developing. This pattern is frequently linked to trend continuation.
Investors and traders are closely observing this development in the hopes that the anticipated breakthrough will result in substantial market gains and that the analyst’s suggested $2.50 mid-term target will be reached.
Meanwhile, the XRP price appeared to try to recover in the last 24 hours, rising 0.56% to $0.5952. This reflects a slump of more than 12% in the past week. XRP is currently the 6th largest cryptocurrency by market cap.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BITMEX #RippleXRP
