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Crypto Emergency
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Crypto Emergency is a crypto-social network where you will find answers to any questions about cryptocurrencies, blockchain technologies. [crypto-emergency.com]
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Hello Binance Feed!🤩
We are here to share interesting news with you, our project was created to help crypto beginners and educate web3 among web2, so we are glad to be here and benefit readers!🤘
We have our own large ecosystem, including our own CEM blockchain and a multi-currency crypto wallet.
Beginners and experts receive rewards for actions on our platform, so learning and helping each other on our platform is profitable!🤑
We are here to share interesting news with you, our project was created to help crypto beginners and educate web3 among web2, so we are glad to be here and benefit readers!🤘
We have our own large ecosystem, including our own CEM blockchain and a multi-currency crypto wallet.
Beginners and experts receive rewards for actions on our platform, so learning and helping each other on our platform is profitable!🤑
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Bitcoin (BTC) Reaches Critical Price Level
After breaking previous highs, Bitcoin has reached a critical price level of $92,000, solidifying its position in the current bull cycle. As Bitcoin has once again proven its resilience and growth potential, this milestone brings new hope to the market. The significant change in market sentiment is reflected in the chart, which shows Bitcoin decisively breaking above a long descending channel. This breakout is accompanied by high volume, indicating active participation from both institutional and retail investors.
The $90,000 level, which was once an elusive target, is now a possible support zone for the cryptocurrency. Investors are expecting the $100,000 mark to be the next significant psychological and technical barrier. If Bitcoin can maintain the current momentum and successfully break this level, it could set the stage for a larger rally. Historically, such breakthroughs often lead to exponential growth, especially when combined with a robust macroeconomic environment and user growth.
After breaking previous highs, Bitcoin has reached a critical price level of $92,000, solidifying its position in the current bull cycle. As Bitcoin has once again proven its resilience and growth potential, this milestone brings new hope to the market. The significant change in market sentiment is reflected in the chart, which shows Bitcoin decisively breaking above a long descending channel. This breakout is accompanied by high volume, indicating active participation from both institutional and retail investors.
The $90,000 level, which was once an elusive target, is now a possible support zone for the cryptocurrency. Investors are expecting the $100,000 mark to be the next significant psychological and technical barrier. If Bitcoin can maintain the current momentum and successfully break this level, it could set the stage for a larger rally. Historically, such breakthroughs often lead to exponential growth, especially when combined with a robust macroeconomic environment and user growth.
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Hamster Kombat has 11 million token holders and $5.3 billion in daily trading volume
The cryptocurrency token for Telegram's Hamster Kombat mini-app continues to gain momentum despite the Web3 game seeing a recent decline in users.
On November 14, the Hamster Kombat team announced that the daily spot trading volume of the Hamster Kombat token (HMSTR) reached $1.3 billion, while the perpetual trading volume reached $4 billion.
The cryptocurrency token for Telegram's Hamster Kombat mini-app continues to gain momentum despite the Web3 game seeing a recent decline in users.
On November 14, the Hamster Kombat team announced that the daily spot trading volume of the Hamster Kombat token (HMSTR) reached $1.3 billion, while the perpetual trading volume reached $4 billion.
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The cryptocurrency market is in a state of “extreme greed.”
The last time the index reached 80 was on April 9, 2024, shortly before Bitcoin corrected by 18% over the next three weeks. Then, in early April, the flagship cryptocurrency fell from $69,135 to $56,500 as of May 1.
Despite the potential correction signal, most analysts are optimistic about Bitcoin’s future. After the flagship cryptocurrency approached the $90,000 mark, experts expect the asset to rise to $100,000 this year. This is also believed by users of the DeFi forecasting platform Polymarket, who estimate such a probability at 62%.
The last time the index reached 80 was on April 9, 2024, shortly before Bitcoin corrected by 18% over the next three weeks. Then, in early April, the flagship cryptocurrency fell from $69,135 to $56,500 as of May 1.
Despite the potential correction signal, most analysts are optimistic about Bitcoin’s future. After the flagship cryptocurrency approached the $90,000 mark, experts expect the asset to rise to $100,000 this year. This is also believed by users of the DeFi forecasting platform Polymarket, who estimate such a probability at 62%.
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Cryptocurrency Exchange Reserves Have Fallen to Multi-Year Lows
The total supply of bitcoin on the market is actively decreasing. This is evidenced by the fact that the currency reserves of large centralized exchanges have recently reached multi-year lows. At the same time, the active growth in the price of bitcoin indicates a growing shortage, which could lead to a rapid increase in volatility.
The current situation suggests that market participants prefer to withdraw assets for storage. For bitcoin itself, this is considered a bullish factor. The fact is that the supply on the market is decreasing, which, under stable demand conditions, means potential price growth. The global chart of cryptocurrency exchange reserves shows that this indicator has been steadily declining since the beginning of 2022.
At that time, the digital asset market was not in the simplest situation. At that time, the key interest rate of the U.S. Federal Reserve was held at a high level. This had a significant impact on the overall level of liquidity in the global market. As a result, traders focused primarily on risk limitation rather than quick profit.
The total supply of bitcoin on the market is actively decreasing. This is evidenced by the fact that the currency reserves of large centralized exchanges have recently reached multi-year lows. At the same time, the active growth in the price of bitcoin indicates a growing shortage, which could lead to a rapid increase in volatility.
The current situation suggests that market participants prefer to withdraw assets for storage. For bitcoin itself, this is considered a bullish factor. The fact is that the supply on the market is decreasing, which, under stable demand conditions, means potential price growth. The global chart of cryptocurrency exchange reserves shows that this indicator has been steadily declining since the beginning of 2022.
At that time, the digital asset market was not in the simplest situation. At that time, the key interest rate of the U.S. Federal Reserve was held at a high level. This had a significant impact on the overall level of liquidity in the global market. As a result, traders focused primarily on risk limitation rather than quick profit.
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Bitcoin on the brink of a new historical maximum
The rapid rise of Bitcoin to $71,500 has led Bitfinex analysts to discuss the possibility of reaching a new historical maximum after the US presidential elections.
According to analysts at the cryptocurrency exchange Bitfinex, the combination of Donald Trump's high chances of winning the presidential elections and historically favorable market conditions creates the perfect ground for significant growth of Bitcoin in the coming month.
The uncertainty surrounding the elections, the narrative of 'betting on Trump', and the traditionally successful fourth quarter create unique conditions for Bitcoin. The next two weeks promise to be eventful, despite possible price fluctuations ahead of the elections,” the exchange's report states.
The rapid rise of Bitcoin to $71,500 has led Bitfinex analysts to discuss the possibility of reaching a new historical maximum after the US presidential elections.
According to analysts at the cryptocurrency exchange Bitfinex, the combination of Donald Trump's high chances of winning the presidential elections and historically favorable market conditions creates the perfect ground for significant growth of Bitcoin in the coming month.
The uncertainty surrounding the elections, the narrative of 'betting on Trump', and the traditionally successful fourth quarter create unique conditions for Bitcoin. The next two weeks promise to be eventful, despite possible price fluctuations ahead of the elections,” the exchange's report states.
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R3 Seeks Strategic Opportunities Amid Blockchain Industry Challenges
Enterprise blockchain services company R3 is seeking strategic opportunities. It has been considering options for at least the past six months, according to a report. R3 is the developer of the Corda blockchain.
R3 has held “initial discussions” with Ava Labs, the Solana Foundation, and Adhara, exploring options such as forming a joint venture, selling itself, or selling a minority stake, Bloomberg reported, citing people familiar with the matter.
Enterprise blockchain services company R3 is seeking strategic opportunities. It has been considering options for at least the past six months, according to a report. R3 is the developer of the Corda blockchain.
R3 has held “initial discussions” with Ava Labs, the Solana Foundation, and Adhara, exploring options such as forming a joint venture, selling itself, or selling a minority stake, Bloomberg reported, citing people familiar with the matter.
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Citibank Closed Ripple CEO's Bank Accounts Due to His Work in the Crypto Industry
Ripple Labs CEO Brad Garlinghouse said that the financial institution Citibank closed his bank accounts and refused to provide service. According to the entrepreneur, the reason was his work in the cryptocurrency sector.
According to the head of Ripple, he had been a client of Citibank for 25 years. However, at some point, the bank's representatives contacted him and said that they were closing his account.
The businessman claims that this is not the only bank that has severed ties with him because of his field of activity. According to the businessman, such actions are a kind of pressure from the US authorities. Many famous people in the crypto industry face such "pressure", the head of Ripple is sure.
Ripple Labs CEO Brad Garlinghouse said that the financial institution Citibank closed his bank accounts and refused to provide service. According to the entrepreneur, the reason was his work in the cryptocurrency sector.
According to the head of Ripple, he had been a client of Citibank for 25 years. However, at some point, the bank's representatives contacted him and said that they were closing his account.
The businessman claims that this is not the only bank that has severed ties with him because of his field of activity. According to the businessman, such actions are a kind of pressure from the US authorities. Many famous people in the crypto industry face such "pressure", the head of Ripple is sure.
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The Crypto Industry Is Growing Influence in American Politics
Political donations from the U.S. crypto industry have reached a record high, topping $190 million ahead of the final round of the election campaign, CNBC reported on Oct. 20.
That's significantly more than in previous election cycles, and nearly 13 times the $15 million spent in 2020.
The industry's growing influence is evident as large sums are pouring into key congressional and senator races that will shape future U.S. regulatory policy.
Political donations from the U.S. crypto industry have reached a record high, topping $190 million ahead of the final round of the election campaign, CNBC reported on Oct. 20.
That's significantly more than in previous election cycles, and nearly 13 times the $15 million spent in 2020.
The industry's growing influence is evident as large sums are pouring into key congressional and senator races that will shape future U.S. regulatory policy.
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The ECB has decided to fight Bitcoin
The European Central Bank (ECB) has published a new report that has caused an active discussion in the crypto community. In the document, titled The Distributional Consequences of Bitcoin, the authors argue that the growth of Bitcoin and its popularity as an investment asset pose a threat to the economy. This was reported by a well-known market researcher under the pseudonym PlanB. In his opinion, this document is not just a warning, but also a hidden signal: the ECB realizes that BTC will soon become a key global asset that counters global inflation and the devaluation of fiat currencies.
According to the well-known crypto analyst, the key message of the report is that the ECB expects a significant increase in the price of Bitcoin, since central banks will soon have to increase money emission to an unprecedented extent. In this context, BTC is considered not only as a payment system, but also as a means of protecting against the devaluation of national currencies - a kind of "recipe for salvation" from their uncontrolled printing.
The European Central Bank (ECB) has published a new report that has caused an active discussion in the crypto community. In the document, titled The Distributional Consequences of Bitcoin, the authors argue that the growth of Bitcoin and its popularity as an investment asset pose a threat to the economy. This was reported by a well-known market researcher under the pseudonym PlanB. In his opinion, this document is not just a warning, but also a hidden signal: the ECB realizes that BTC will soon become a key global asset that counters global inflation and the devaluation of fiat currencies.
According to the well-known crypto analyst, the key message of the report is that the ECB expects a significant increase in the price of Bitcoin, since central banks will soon have to increase money emission to an unprecedented extent. In this context, BTC is considered not only as a payment system, but also as a means of protecting against the devaluation of national currencies - a kind of "recipe for salvation" from their uncontrolled printing.
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Two developers created 88% of blocks in the Ethereum network this month
Ethereum remains the main altcoin and the leading platform for deploying decentralized applications and smart contracts. However, in October of this year, two developers (Ethereum Beaverbuild and Titan Builder) created about 88% of all blocks in the Ethereum network, which raised concerns in the community about the potential centralization of the network.
This is an important issue that is directly related to the security of the entire network. Theoretically, large structures can determine the vector of development of the network, which contradicts the concept of decentralization. Ryan Lee, chief analyst at Bitget Research, commented on this situation. According to him, the dominance of 2 entities in the context of creating new blocks will not lead to serious consequences for the centralization of the network.
The expert noted that block creators do not have the ability to set priorities for specific transactions. "Developers and validators cannot control which payments will be included in the chain and which will be excluded. This negates any concerns about the main altcoin network being overly centralized."
Ethereum remains the main altcoin and the leading platform for deploying decentralized applications and smart contracts. However, in October of this year, two developers (Ethereum Beaverbuild and Titan Builder) created about 88% of all blocks in the Ethereum network, which raised concerns in the community about the potential centralization of the network.
This is an important issue that is directly related to the security of the entire network. Theoretically, large structures can determine the vector of development of the network, which contradicts the concept of decentralization. Ryan Lee, chief analyst at Bitget Research, commented on this situation. According to him, the dominance of 2 entities in the context of creating new blocks will not lead to serious consequences for the centralization of the network.
The expert noted that block creators do not have the ability to set priorities for specific transactions. "Developers and validators cannot control which payments will be included in the chain and which will be excluded. This negates any concerns about the main altcoin network being overly centralized."
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Investors have switched to digital technologies
Bitcoin has updated its two-month maximum, breaking the $68.4 thousand mark. Cryptocurrencies are growing amid the Fed's rate cut and the growth of the US stock market. The statements of US presidential candidates regarding the development of the cryptocurrency market are also having a positive effect on investor sentiment. As a result, there is a steady inflow of funds into the spot ETF-BTC. However, further movement does not yet look stable, although an update of the historical maximum of $74.5 thousand is not excluded.
According to Coinmarketcap, the cost of bitcoin on Wednesday, October 16, exceeded the $68.42 thousand mark, updating the maximum since the end of July. Despite the fact that in the afternoon, taking into account the correction, the quotes fell to $67.9 thousand, compared to the close of Tuesday, the growth was about 1.3%. The bullish game has been going on for the third day in a row, during which time the world's leading cryptocurrency has added 8% in price.
Bitcoin has updated its two-month maximum, breaking the $68.4 thousand mark. Cryptocurrencies are growing amid the Fed's rate cut and the growth of the US stock market. The statements of US presidential candidates regarding the development of the cryptocurrency market are also having a positive effect on investor sentiment. As a result, there is a steady inflow of funds into the spot ETF-BTC. However, further movement does not yet look stable, although an update of the historical maximum of $74.5 thousand is not excluded.
According to Coinmarketcap, the cost of bitcoin on Wednesday, October 16, exceeded the $68.42 thousand mark, updating the maximum since the end of July. Despite the fact that in the afternoon, taking into account the correction, the quotes fell to $67.9 thousand, compared to the close of Tuesday, the growth was about 1.3%. The bullish game has been going on for the third day in a row, during which time the world's leading cryptocurrency has added 8% in price.
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Samsung Pay integrates cryptocurrency payments
Samsung Pay has entered into a partnership with the largest cryptocurrency payment provider Alchemy Pay, providing users of the service with another payment method.
The integration of the Alchemy Pay virtual card into the mobile payment service will give users the opportunity to pay with cryptocurrencies both in offline stores that support this function and on online platforms. For example, on ChatGPT Plus, Apple Store, Midjourney, Amazon, Netflix, Facebook, eBay and others.
According to a representative of Alchemy Pay, the new partnership will attract new customers to the service.
Samsung Pay has entered into a partnership with the largest cryptocurrency payment provider Alchemy Pay, providing users of the service with another payment method.
The integration of the Alchemy Pay virtual card into the mobile payment service will give users the opportunity to pay with cryptocurrencies both in offline stores that support this function and on online platforms. For example, on ChatGPT Plus, Apple Store, Midjourney, Amazon, Netflix, Facebook, eBay and others.
According to a representative of Alchemy Pay, the new partnership will attract new customers to the service.
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HBO Names Real Bitcoin Creator
On the night of October 8-9, the 2024 channel premiered the HBO film "Money Electric: The Bitcoin Mystery", written by documentary filmmaker Cullen Hoback. The filmmakers named the developer hiding behind the pseudonym Satoshi Nakamoto as the creator of Bitcoin
All this time, according to the filmmakers, the developer Peter Todd was hiding under the pseudonym Satoshi Nakamoto.
Peter Todd is a Canadian developer who has been actively involved in the development of Bitcoin since 2010. He is known as one of the key participants in the project. The developer has made significant contributions to the technical improvement of the BTC network. Among other things, he developed important improvement proposals, such as Bitcoin Improvement Proposal 125 (BIP 125). Todd is also behind the Replace-by-Fee concept, which helped speed up the processing of cryptocurrency transactions.
Todd was also the founder of the OpenTimestamps project, which offers a standard format for timestamping data on the blockchain.
The developer has also been involved in several other blockchain projects, such as Counterparty, Mastercoin, and Zcash.
On the night of October 8-9, the 2024 channel premiered the HBO film "Money Electric: The Bitcoin Mystery", written by documentary filmmaker Cullen Hoback. The filmmakers named the developer hiding behind the pseudonym Satoshi Nakamoto as the creator of Bitcoin
All this time, according to the filmmakers, the developer Peter Todd was hiding under the pseudonym Satoshi Nakamoto.
Peter Todd is a Canadian developer who has been actively involved in the development of Bitcoin since 2010. He is known as one of the key participants in the project. The developer has made significant contributions to the technical improvement of the BTC network. Among other things, he developed important improvement proposals, such as Bitcoin Improvement Proposal 125 (BIP 125). Todd is also behind the Replace-by-Fee concept, which helped speed up the processing of cryptocurrency transactions.
Todd was also the founder of the OpenTimestamps project, which offers a standard format for timestamping data on the blockchain.
The developer has also been involved in several other blockchain projects, such as Counterparty, Mastercoin, and Zcash.
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Bitcoin rally hopes dashed as China eases stimulus plans
September's rally in Chinese stocks fizzled on Tuesday as traders returned to the market after a week-long holiday, and Bitcoin (BTC) slipped in early Asian trading as broader market investors reacted.
Bitcoin fell to $62,000 in late U.S. trading on Monday before rallying to $62,700 in early Asian trading, erasing nearly all of its gains over the seven-day period. Solana's main tokens — SOL (SOL), Ether (ETH), XRP (XRP), and BNB (BNB) — fell 4%, erasing Monday's gains.
September's rally in Chinese stocks fizzled on Tuesday as traders returned to the market after a week-long holiday, and Bitcoin (BTC) slipped in early Asian trading as broader market investors reacted.
Bitcoin fell to $62,000 in late U.S. trading on Monday before rallying to $62,700 in early Asian trading, erasing nearly all of its gains over the seven-day period. Solana's main tokens — SOL (SOL), Ether (ETH), XRP (XRP), and BNB (BNB) — fell 4%, erasing Monday's gains.
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Electric shock for miners: new rules of the game in Russia
In early September, Vladimir Putin said that Russia had become a world leader in cryptocurrency mining. The reason is simple - Siberia is full of "extra" electricity. But don't rush to pack your bags and buy a ticket to Irkutsk! This "surplus" has already begun to turn into a real headache for local authorities.
In the Irkutsk region, Buryatia and the Zabaikalsky Krai, power engineers are already sounding the alarm. It turns out that miners, especially illegal ones, are capable of sucking out more electricity than an entire city! And instead of a surplus, a deficit arises, which threatens to become a "restraining factor in the development of Siberian regions."
The Ministry of Energy decided to act decisively. Their brilliant plan? To create a special category of consumers for miners. It sounds harmless until you learn the details: these "special" consumers can be disconnected from the grid at any time. Can you imagine? You're in the middle of a major mining operation, and suddenly - bam! - darkness. It's like playing Russian roulette, only instead of a gun, there's a switch.
In early September, Vladimir Putin said that Russia had become a world leader in cryptocurrency mining. The reason is simple - Siberia is full of "extra" electricity. But don't rush to pack your bags and buy a ticket to Irkutsk! This "surplus" has already begun to turn into a real headache for local authorities.
In the Irkutsk region, Buryatia and the Zabaikalsky Krai, power engineers are already sounding the alarm. It turns out that miners, especially illegal ones, are capable of sucking out more electricity than an entire city! And instead of a surplus, a deficit arises, which threatens to become a "restraining factor in the development of Siberian regions."
The Ministry of Energy decided to act decisively. Their brilliant plan? To create a special category of consumers for miners. It sounds harmless until you learn the details: these "special" consumers can be disconnected from the grid at any time. Can you imagine? You're in the middle of a major mining operation, and suddenly - bam! - darkness. It's like playing Russian roulette, only instead of a gun, there's a switch.
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New Telegram Gifts Can Be Converted into NFTs
Telegram has announced the launch of a new Gifts feature, hoping that within a year they will be convertible into TON-based NFTs. For the holidays, users can now send each other gifts using Telegram Stars and congratulate friends and family with animated illustrations and personalized messages.
The platform launched its in-game currency Stars in June last year. It allows mini-apps based on it to accept payments for digital services. The Telegram team emphasized that Stars can also be used to support content creators.
Telegram has announced the launch of a new Gifts feature, hoping that within a year they will be convertible into TON-based NFTs. For the holidays, users can now send each other gifts using Telegram Stars and congratulate friends and family with animated illustrations and personalized messages.
The platform launched its in-game currency Stars in June last year. It allows mini-apps based on it to accept payments for digital services. The Telegram team emphasized that Stars can also be used to support content creators.
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Scam cryptocurrency project advertised on LEGO website
A LEGO Coin (LEGO) token dedicated to a popular LEGO meme was issued by scammers to steal cryptocurrency.
On October 5, an advertisement for LEGO Coin appeared on the LEGO website, stating that buyers of the coins would receive some kind of reward. However, the ad included a link to a phishing portal, and the scam was quickly uncovered.
About 75 minutes later, LEGO employees removed the ad for the sale of digital assets and reported that the problem had been fixed.
Presumably, no one was harmed by the attackers, and people can continue to use the site without fear for their crypto savings.
A LEGO Coin (LEGO) token dedicated to a popular LEGO meme was issued by scammers to steal cryptocurrency.
On October 5, an advertisement for LEGO Coin appeared on the LEGO website, stating that buyers of the coins would receive some kind of reward. However, the ad included a link to a phishing portal, and the scam was quickly uncovered.
About 75 minutes later, LEGO employees removed the ad for the sale of digital assets and reported that the problem had been fixed.
Presumably, no one was harmed by the attackers, and people can continue to use the site without fear for their crypto savings.
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The Satoshi Nakamoto Mystery May Be Revealed on October 8
On October 8, 2024, HBO will air Cullen Hoback's documentary Money Electric: The Bitcoin Mystery, which may reveal the identity of Bitcoin creator Satoshi Nakamoto.
On October 3, 2024, documentary filmmaker Cullen Hoback announced the release of Money Electric: The Bitcoin Mystery. In the post, he said that he had to "disappear from the radar" for a while because he was busy searching for Satoshi Nakamoto. Hoback writes that he has found the trail of the Bitcoin creator. The details of his investigation will be shown in the film, which is scheduled to be released on HBO on October 8.
On October 8, 2024, HBO will air Cullen Hoback's documentary Money Electric: The Bitcoin Mystery, which may reveal the identity of Bitcoin creator Satoshi Nakamoto.
On October 3, 2024, documentary filmmaker Cullen Hoback announced the release of Money Electric: The Bitcoin Mystery. In the post, he said that he had to "disappear from the radar" for a while because he was busy searching for Satoshi Nakamoto. Hoback writes that he has found the trail of the Bitcoin creator. The details of his investigation will be shown in the film, which is scheduled to be released on HBO on October 8.
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The Central Bank will collect data on Russians' cryptocurrencies. Why is this necessary?
19 credit institutions will be required to provide the regulator with data on individual clients' transactions related to digital assets
The Bank of Russia has published a program of financial market surveys for the next six months. According to the document, in the fourth quarter of 2024 and the first quarter of 2025, individual banks will have to inform the regulator about cross-border transfers of Russians related to the purchase of crypto assets.
"The survey is being conducted in order to establish the possibility of identifying transactions related to the purchase/sale of crypto assets in the total volume of cross-border money transfers of individuals and assessing their value," the Central Bank's document says.
19 credit institutions will be required to provide the regulator with data on individual clients' transactions related to digital assets
The Bank of Russia has published a program of financial market surveys for the next six months. According to the document, in the fourth quarter of 2024 and the first quarter of 2025, individual banks will have to inform the regulator about cross-border transfers of Russians related to the purchase of crypto assets.
"The survey is being conducted in order to establish the possibility of identifying transactions related to the purchase/sale of crypto assets in the total volume of cross-border money transfers of individuals and assessing their value," the Central Bank's document says.
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