Bitcoin broke through $68,000 early this morning, and Rachael Lucas, a cryptocurrency analyst at BTC Markets, said, "One of the main drivers of the rise is the large inflow of funds into Bitcoin ETFs." According to SoSoValue data, the U.S. Bitcoin spot ETF recorded net inflows for the eleventh consecutive day on Friday, and BlackRock's IBIT has accumulated nearly $19 billion in net inflows since its inception. At the same time, Bitcoin's gains also seem to be affected by U.S. President Biden's announcement that he will not participate in the upcoming November presidential election, which may increase the possibility of a victory for Republican candidate Trump who supports cryptocurrency. Although Biden supports Vice President Kamala Harris to succeed him as the Democratic nominee, Harris has not yet expressed views in support of or against the cryptocurrency industry. Rachael Lucas said that market trends may still be affected by the outstanding repayments of Mt.Gox, and the market may still face short-term variables as most of the expected creditor repayments (totaling $9 billion) are expected to be processed in early August.
What is a Fountain? The simple answer is podcasting apps, which pay you in bitcoins via the lightning network to listen to them. You can also support podcasts directly with the Bitcoin Lightning network. Fountain was founded in June 2021 by Oscar Merry and Nicholas Malster. They are headquartered in London, England. App users earn by listening to podcasts, engaging in promoted content, and creating content using the lightning network. Podcast creators can boost their content across platforms and even reward listeners for creating those podcast clips. Their technology is built on a second layer solution, which is built on top of Bitcoin.
Ideally, something that just pops up on my phone after I spend money and I can categorize it, saving it appropriately for later. Is there anything like this? Maintaining a spreadsheet manually seems like too much of a hassle compared to just dealing with notifications on my phone very quickly. Such as credit card or bank inquiries, p. Get a financial goblin GF programming a dashboard so you can track everything. Like, I don't know what more you want, but banks are at their peak right now. They will never feel more comfortable, the monkeys really have it all right now and are getting it.
Tottenham Hotspur Enters Crypto World with Kraken Partnership
A decision that brings the worlds of football and cryptocurrency closer together. Tottenham Hotspur have announced a new partnership with Kraken, a well-known crypto exchange. This collaboration marks a major milestone for the sports and crypto industries, uniting the passion of football fans with digital financial innovation. The partnership between Tottenham Hotspur and Kraken is more than just a sponsorship deal. It represents a strategic alliance aimed at bridging the gap between traditional sports and the fast-growing world of crypto and blockchain technology. By working together, these two leaders in their fields plan to find new ways to connect with fans, enhance the football experience and perhaps change the way sports teams interact with their supporters online.
Terraform Labs, the company behind Terra Classic (LUNC) recently set an important deadline to file for bankruptcy which has caused a lot of excitement in the crypto world. The filing deadline is August 9, 2024 which is a critical time for anyone filing a claim against Terraform Labs. This announcement was made at a time when the company was experiencing its worst times financially after filing for Chapter 11 bankruptcy in January 2024. The consequences of this action were followed, especially by LUNC and Terra USDT (USTC) holders. - digital assets of the company.
The Green Machines: Celestia (TIA), Rollblock (RBLK), And TRON (TRX) Adding Some Color To The Crypto
Volatility is synonymous with the crypto markets, it’s that same crypto market volatility which can lead to some enormous gains! While the overall market is not doing as well as it could, three contenders — Celestia, Tron, and Rollblock – are giving green candles on the market, with the Tron price especially being very optimistic.Leading the pack is Rollblock with gains of over 55% this past month! Today we will take a look into the price movement of each token and what their future holds. Cele
Fezoo (FEZ) Early Access Becomes Target of XRP and ETH Investors
The world is so active that amidst the hustle and bustle, cryptocurrency trading and profit opportunities are still looking for the “next big thing”. That's where Fezoo (FEZ) Exchange comes in as a decentralized platform with a mission to revolutionize the world of digital assets. Ripple (XRP) and Ethereum (ETH) fans also welcomed the presence of Fezoo (FEZ) Exchange. They don't want to miss out on being early adopters of this innovative crypto exchange. So, let's continue our tour and check out the latest price predictions for Ripple (XRP) and Ethereum (ETH), including all the innovative features provided by Fezoo exchange 👈
Digital Asset Investment Value Reaches US$1 Billion in 7 Weeks
The value of digital asset investments continues to gain significant attention in 2023, with inflows reaching an impressive total of US$293 million last week, marking a seven-week trend that has now surpassed the impressive milestone of US$1 billion in cumulative inflows for the year. Crypto analyst, James Butterfill, in an article on the Coinshares page, assesses that this surge in investment interest makes 2023 the third year with the highest inflows ever recorded, with total inflows this year reaching US$1.14 billion. Impressive growth in the digital asset investment market is also resulting in a substantial increase in total assets under management (AuM). AuM surged by 9.6 percent in just the past week and has increased by 99 percent since the start of the year. Currently, total AuM stands at an impressive US$44.3 billion, a figure not seen since the crypto fund's major pullback in May 2022 .● Investor Participation in Bitcoin ETFs IncreasesButterfill also highlighted that one of the prominent trends in the market is the increasing participation of investors in Bitcoin exchange-traded funds (ETFs). Bitcoin remains the most attractive investment in this space, with inflows reaching US$240 million last week .These investments have driven Bitcoin inflows this year to a substantial US$1.08 billion. Meanwhile, Bitcoin short investments saw outflows of US$7 million, indicating the prevailing positive sentiment among investors. Ethereum has also seen a resurgence in investor interest, with its largest inflows since August 2022, reaching a total of US$49 million in the past week. This positive trend largely attributed to recent listing requests for spot-based ETFs in the United States. Solana, another prominent digital asset, continued to attract investment, with inflows reaching US$12 million. Blockchain equity ETFs also showed positive signs, recording inflows of US$14 million, the highest since July 2022.This positive performance has brought year-to-date inflows to a positive position of US$11 million, reflecting growing confidence in the blockchain and cryptocurrency sector. in the digital asset market. Investors are increasingly recognizing the potential of these assets, and recent positive sentiment suggests that this trend is likely to continue,” explained Butterfill. The recent surge in digital asset investment products and the participation of ETP investors in the current market rally underscores the acceptance and increasing confidence in the digital asset space.As the market continues to evolve, it will be interesting to see how these trends develop and what meaning they have for the future of digital asset investing and blockchain technology. #binanacesquare #Follow #Crypto2024 #Cryptocurency
Taking aim at 4 Altcoins as the market starts to get excited
The crypto market is experiencing a resurgence, with Bitcoin (BTC) leading the charge by surpassing the US$35,000 mark. This upward movement is generating excitement within the investor community as they weigh the potential longevity of this rally. The optimism surrounding Bitcoin has spilled over to the altcoin sector, fueling interest in their market activity, which is closely monitored by investors and analysts. Michael van de Poppe, a figure who recognized among crypto traders, recently highlighted several altcoins that deserve consideration given current market dynamics. His recommendations, delivered via a YouTube presentation on Sunday (5/11/2023), caught the attention of many looking for investment opportunities in the landscape. digital currency, reported by Finbold.4 Altcoins Worth Lyrics Chainlink (LINK) Chainlink (LINK) is the first altcoin that van de Poppe discusses. He emphasized its historical trend moving in tandem with Bitcoin, noting that LINK often exhibits consistent bullish patterns. He suggested that, based on its current trajectory, LINK could reach impressive heights of US$25 to US$30. That far exceeds its current value of US $12.21, which itself marks a noteworthy increase of 7 percent in the previous 24 hours and an increase of 11 percent on a weekly basis. ■ Aave (AAVE)In the realm of decentralized finance (DeFi), Aave (AAVE) is another asset that is attracting van attention de Poppe. AAVE has been struggling with a stubborn resistance level for over a year and a half. However, recent market behavior suggests that AAVE could be on the verge of a significant breakout, potentially increasing its price to the US$260-US$280 range. At the time of analysis, Aave's price was US$91.25, reflecting a modest daily increase and an 11 percent gain on the week. ■ Synthetix (SNX)Synthetix (SNX), another DeFi-focused altcoin, has been the subject of van de Poppe's scrutiny. Although bearish sentiment still hangs over the market, SNX has shown signs that it may be poised for an important move, especially if it can overcome the resistance it is facing.If SNX manages to break out, its value may rise to between US$7.50 and US$8, a significant jump from its value of US$2.5 at the time of the report.■ Compound (COMP)Compound (COMP), similar to the cryptocurrency AAVE, shows potential for a comeback return. Van de Poppe pointed out the critical resistance level that Compound is approaching and suggested that social media could be a good indicator of community sentiment and the crypto's potential accumulation. Compound is trading at US$50.72, with a nearly 6 percent gain on the day and a 7 percent increase in the last week.The broader implication of van de Poppe's analysis is that, beyond established altcoins, there are emerging tokens that may show significant growth if current market momentum continues.The emphasis on timing and market sentiment reflects the complex nature of crypto investment, where both analytical intelligence and a degree of luck play a role in successful trading.#Crypto2024 #blockchain #Follow #All
The Monero Community Can Also Be Unlucky, XMR Is Paid Equal to IDR 7.1 Billion
An unfortunate fate has just befallen the Monero community, where an attack is reported to have damaged the wallet of its Community Crowdfunding System (CCS) funding system, and a balance of 2,675.73 Monero (XMR) with a value of almost US$460,000 was wiped out. Cointelegraph reported that this incident took place on 1 September 2023, but this attack was only disclosed on GitHub on November 2 by Monero developer Luigi. “The CCS wallet was drained by 2,675.73 XMR (entire balance) on September 1, 2023, just before midnight. Hot wallets used for payments to contributors are not affected; This wallet balance is around 244 XMR. "At this time, we have not succeeded in identifying the source of the attack," said Luigi. The source of the security breach, which caused a large amount of XMR to be brushed, is still unknown, which makes the Monero community even more worried. Luigi said, Monero CCS is an important component in this community, because of its funding provided supports development proposals submitted by its members. This very unfortunate attack has left contributors who depend on the fund for their livelihoods in a difficult situation. “This attack is unjustified, as they have taken away funds that a contributor might rely on to pay rent or buy food,” said another Monero developer, Ricardo “Fluffypony” Spagni. Luigi and Spagni are the only individuals who have access to this wallet's passphrase, which makes this attack even more confusing. According to Luigi's post, this CCS wallet was created on the Ubuntu system in 2020, running in conjunction with Monero nodes.To facilitate payments to community members, Luigi uses a hot wallet that has been operating on the Windows 10 Pro desktop since 2017. This hot wallet is regularly funded by the CCS wallet. However, on September 1, the CCS wallet was emptied through nine transactions, which shocked the community.In response to this crisis, the Monero core team has proposed that General Funds be used to cover liabilities. Luigi said, CCS Monero is an important component in this community, because the funds provided support development proposals submitted by its members. This very unfortunate attack has left contributors who depend on the fund for their livelihoods in a difficult situation. “This attack is unjustified, as they have taken away funds that a contributor might rely on to pay rent or buy food,” said another Monero developer, Ricardo “Fluffypony” Spagni. Luigi and Spagni are the only individuals who have access to this wallet's passphrase, which makes this attack even more confusing. According to Luigi's post, this CCS wallet was created on the Ubuntu system in 2020, running in conjunction with Monero nodes.To facilitate payments to community members, Luigi uses a hot wallet that has been operating on the Windows 10 Pro desktop since 2017. This hot wallet is regularly funded by the CCS wallet. However, on September 1, the CCS wallet was emptied through nine transactions, which shocked the community. In response to this crisis, the Monero core team has proposed that General Funds be used to cover obligations. Luigi said, Monero CCS is an important component in this community, because funds provided supports development proposals submitted by its members. This very unfortunate attack has left contributors who depend on the fund for their livelihoods in a difficult situation. “This attack is unjustified, as they have taken away funds that a contributor might rely on to pay rent or buy food,” said another Monero developer, Ricardo “Fluffypony” Spagni. Luigi and Spagni were the only individuals who had access to this wallet passphrase, which makes this attack even more confusing.According to Luigi's post, this CCS wallet was created on the Ubuntu system in 2020, running in conjunction with Monero nodes. To facilitate payments to community members, Luigi uses a hot wallet that has been operating on the Windows 10 Pro desktop since 2017. This hot wallet is regularly funded by CCS wallet. However, on September 1, the CCS wallet was emptied through nine transactions, leaving the community shocked. In response to this crisis, the Monero core team has proposed that the General Fund be used to cover existing liabilities. Attacks to Monero Community Wallet Due to Compromised SSH SessionThis attack has raised concerns that it may be related to a series of attacks ongoing since April, which have compromised various keys, including Bitcoin's wallet.dat file, passphrases generated with various hardware and software, Ethereum's initial sales wallet, and now Monero (XMR) funds. Some developers speculate that this security breach may have stemmed from wallet keys being accessible online on the Ubuntu server. This suggests that the attack may have been the result of unauthorized access to the server, which may involved a compromised SSH session. “I wouldn't be surprised if Luigi's Windows computer was already part of an undetected botnet, and its operators carried out this attack via SSH session details on that computer (either by stealing SSH keys or by using remote desktop control capabilities away via the trojan while the victim is unaware). "A developer's Windows computer being compromised can cause major breaches, and this is not an uncommon occurrence," said the pseudonymous developer Marcovelon.
Memecoins, a lighthearted and often fun sector of the crypto world, have long entertained the crypto community. From Dogecoin (DOGE) to Shiba Inu (SHIB) and even the famous Pepe Coin (PEPE), these assets have sparked excitement and curiosity among crypto enthusiasts. However, currently the memecoin market is experiencing a significant shift, with the overall value of these tokens shrinking. Data analysis shows a significant decline in their market capitalization, resulting in a loss of more than US$3 billion since the start of 2023 .SHIB and DOGE Prices Compactly Shrink Watcher News reports, DOGE has remained as the tenth largest cryptocurrency by market capitalization. At the start of 2023, DOGE boasted a market capitalization of US$10.83 billion. However, since then, that figure has shrunk to US$8.47 billion, marking a significant decline. Despite this decline, DOGE still maintains its dominance in the memecoin sector , contributing 61.09 percent to the overall value. Over the past week, DOGE experienced a decrease in value of 2.8 percent and over the month showed a decrease of 4.4 percent. Shiba Inu, which is usually called SHIB, also experienced a decrease in value of 2 .9 percent over the past week, and a decline of 5.4 percent over the month. On Sunday (10/15/2023), SHIB's market capitalization was at US$4.17 billion, down from US$5.34 billion at the start. This year. Strikingly, SHIB accounts for 30 percent of the US$13.7 billion memecoin ecosystem. PEPE, another famous memecoin, has experienced fluctuations since its creation. At one point, its value even surpassed the US$1 billion mark in market capitalization, only to quickly lose value. However, recent developments have brought optimism within the PEPE community. According to data from LunarCrush, this memecoin's Galaxy Score is only behind Bitcoin (BTC), indicating the potential for a bullish rally in the near future.Although the memecoin market is currently experiencing a downturn, it is important to remember that cryptos, especially memecoins, are known for their volatility. The crypto landscape can change quickly and these meme tokens have demonstrated resilience and the ability to recover in the past.
Tron (TRX) recently faced a slight pullback as the price dropped below key support. However, this crypto showed resilience as it bounced back, even outpacing other major digital assets.■ TRX Has a Chance to Soar NewsBTC reported, after facing resistance at around US$0.0910, Tron price started a downward correction, surpassing support of US$0.088 and US$0.0865 .Finally, a base was formed around the US$0.0850 zone. A low was formed around US$0.0847, and the price is now on the rise. Notably, TRX managed to clear several hurdles around the $0.0850 level, including a significant bearish trend line, as seen in the 4-hour chart of the TRX/USD pair. Currently, TRX has seen an increase of more than 2 percent, showing its strength against Bitcoin and Ethereum. On the positive side, the initial hurdle to overcome is located around the US$0.0875 level and the 4-hour 100 SMA. Additionally, the first major hurdle lies at US$0.0880, or the 50 percent Fibonacci retracement level of the decline from the swing peak of US$0.0910 to the low of $0.0847. If it manages to clear this level, it could pave the way for greater upward momentum. The next significant hurdle for TRX is at US$0.091. If the price manages to close above this level, it could push TRX towards US$0.095, with the next major hurdle found at US$0.098. A break of this level may encourage bullish investors to target a bigger rise to reach US$0.100. However, there are also potential downward scenarios that need to be considered. If TRX fails to cross the US$0.0875 hurdle, then it may initiate a downward correction. Initial support on the downside is around the US$0.0862 zone. The first major support is located around the US$0.0850 level, below which the price could test US$0.0847. Further declines could push Tron towards US$0.0830 support in the coming sessions. In a separate development, the Tron network has witnessed an increase in zero-transfer phishing scams, resulting in substantial losses for market participants.Crypto Potato reports, blockchain analytics platform Bitrace revealed that more than 451 million Tether (USDT) has been lost on the Tron network due to this malicious activity. Zero-transfer phishing scams are a new fraud technique that allows attackers to target users' transaction history without requiring a key. their personal account.The attacker confirms a zero-value transaction from the victim's wallet, so their address appears in the user's transaction history.This latest incident on the Tron network is just one example, with many other blockchain networks also witnessing huge losses due to phishing scams.For example, the latest case involved a Kraken wallet user who lost 4.46 million USDT when they unknowingly transferred assets to a phishing address on the Ethereum blockchain. These incidents underscore the importance of vigilance and strong security measures for crypto users.
Binance crypto exchange recently announced that it would stop accepting new users from the UK, following increasingly stringent regulatory oversight in the country nicknamed the Black Country. Decrypt quoted information from the company's website, that starting at 17.00 UK time, Binance stopped accepting new users who wanted to register to crypto platforms.The trigger for Binance's decision was a move by Britain's financial supervisory authority, the Financial Conduct Authority (FCA).The agency issued new regulations last week requiring crypto companies to register with the financial regulator and obtain their marketing approval from companies authorized by the FCA.Binance said on Monday that it was seeking new FCA-authorized approvers so they can comply with the rules and resume accepting customers. “We are working with the FCA closely to ensure our users are not disadvantaged by this development and are seeking appropriate FCA-authorized approvers to approve our financial promotions as soon as possible,” added Binance, as reported by Decrypt in a recent article. Binance has used the services of Rebuildingsociety.com for the approval of its promotional and advertising materials in the UK. However, the FCA recently included Rebuildingsociety.com in its list of companies that regulated banned from promoting crypto services in the UK, forcing Binance to seek alternative solutions. In response, Binance issued a statement on Monday, expressing its commitment to ensuring user security and compliance. The crypto exchange stated that it is actively seeking a new FCA-authorized firm to oversee the approval of their financial promotions.Binance emphasized that it is working closely with the FCA to minimize the potential negative impact on their users due to this development.The challenges facing Binance in the UK have continued to increase. This year, the exchange stopped pound sterling deposits and withdrawals, and lost its European banking partner, Paysafe Payment Solutions.Paysafe cited a strategic review as the reason for their decision to discontinue offering their wallet solution to Binance in the European Economic Area (EEA), signaling a broader change in the regulatory landscape. “Paysafe and Binance are currently working together to implement an orderly and fair process to end the service this is in the next few months," explained Paysafe. This announcement adds an additional layer of uncertainty to Binance's operations in Europe. Binance's regulatory constraints are not limited to the UK. The exchange is currently under increasing scrutiny in various jurisdictions, including the United States, Germany, France, and the Netherlands. The increasing international focus on Binance's operations underscores the challenges crypto exchanges face as they interact with ever-changing regulations.
In the dynamic and ever-growing world of crypto, the concept of altseason or the season of surging alternative crypto (altcoin) values has become a recurring theme, attracting the attention of both experienced and novice investors. Altseason is a phenomenon that is eagerly awaited by crypto fans. However, according to Into The Cryptoverse CEO Benjamin Cowen, 2023 may not be the altseason (short for altcoin season) year that everyone expects. ■ Altseason Not In 2023 Based on Coin Edition's report, in the latest video, Cowen presents a thought-provoking perspective on the current state of the crypto market This.He goes against the common belief that 2023 is an altseason, using the Advance Decline Index (ADI) and other analytical tools to support his claim.According to Cowen, the ADI for the altcoin market has experienced a significant decline, even dropping below its 2019 lows.This key indicator , which tracks the overall health of the altcoin market, does not show the euphoria typically associated with the altseason at this time of year. Cowen went on to compare ADI's 2019 chart with its 2023 chart, which shows much less enthusiasm. As a result, he stated that the current state of the market does not fit the characteristics of an altcoin season, especially since most altcoins are recording new lows. Cowen's analysis does not stop with ADI. He also criticized the practice of selecting altcoins that perform well to assess the market as a whole. He acknowledged there are several cryptocurrencies that will stand out in 2023, but emphasized that many of them are relatively new to the crypto world and have not yet experienced the test of a bear market. This experienced analyst argues that these crypto newcomers often have smaller market caps, which partly explains their impressive performance. However, Cowen points out that when assessing altcoins with larger market caps, their success in 2023 often comes after massive sell-offs in bear market.In such cases, the apparent upward movement can be considered a short-term reversal only, not a true altseason rally.■ A Different Perspective Cowen's different view of the altcoin season also includes a comparison of ADI with the overall crypto market capitalization. While ADI showed a decline, the overall market capitalization maintained a flat trend. Cowen noted that a major increase in the overall market capitalization occurred earlier this year, following Bitcoin's impressive rally. It is important to note that Bitcoin continued to set record price highs even into July, while many altcoins show different performance.As a result, Cowen concluded that the stagnant total market capitalization and falling prices of altcoins indicate a significant movement of funds from the altcoin market to Bitcoin.This conclusion goes against the consensus among analysts who claim that 2023 is the year altseason.#Binance #Follow #cryptonews #blockchain #Crypto2024
Apart from Robert Kiyosaki, there are 9 other investment 'masters'
In the ever-changing realm of finance, Robert Kiyosaki's name has left an unforgettable impact. However, it turns out that there are other investment masters besides Kiyosaki, who are they? Launching from Investopedia, here are nine successful investment masters who often share their knowledge through books and other media, even including criminals who stole millions of dollars. Benjamin Graham: Father of Value Investment Benjamin Graham, pioneer in world of finance, introducing the concept of value investing. Graham's approach, involving rigorous research and patience, remains the basis of modern investment strategies. Graham's 1949 book, “The Intelligent Investor,” remains required reading for asset managers and stock traders around the world. Warren Buffett: Oracle of the World Omaha Warren Buffett, often referred to as the Oracle of Omaha, credits his success to the principles of Benjamin Graham. Although Buffett shares many of Graham's principles, he often prefers to invest concentratedly in companies. Berkshire Hathaway Inc., his company, has achieved impressive annual growth of 22.1 percent since 1965. Peter Lynch: Magellan Fund Manager Peter Lynch, best known for managing the Fidelity Magellan Fund, delivered an impressive annual weighted return of 29 percent during his tenure. Lynch emphasized the potential of small investors in the stock market, which continues to inspire individuals who want to explore the world of investing.● Dave Ramsey: Debt-Free Living AdvocateDave Ramsey, a famous radio and television personality, promotes the idea of debt-free living. Through her syndicated radio programs and best-selling books, she helps individuals overcome financial challenges and avoid debt accumulation. Suze Orman: Bold and Decisive Financial GuruEmmy award-winning television host and best-selling author Suze Orman is known for her bold and direct style.Her appearances on shows such as “ The Oprah Winfrey Show” and her column in O magazine made her one of the most recognized financial advisors in history.● Jim Cramer: Host of Mad MoneyJim Cramer, a former hedge fund manager, is known for his high-energy program on CNBC, “Mad Money.”The fast-paced style and financial advice he provides on his website, TheStreet.com, has attracted the attention of investors over the years. years.● Robert Kiyosaki: Author of Rich Dad, Poor DadRobert Kiyosaki, author of the best-selling book series “Rich Dad, Poor Dad,” advocates creating passive investment income streams. His books have been translated into more than 40 languages and continue to inspire individuals in around the world.● Ben Stein: Actor and EconomistBen Stein, former economist and law professor, is best known for his straight-talking views on financial news shows. His Hollywood image and savvy outlook have made him a sought-after guest in the world of finance.● Charles Ponzi: Scheme Operator The Famous Pyramid Charles Ponzi's boldly implemented pyramid scheme, run under the name of the Securities Exchange Company in 1919-20, promised unrealistic returns and attracted many investors. Its name has become a synonym for the fraudulent investment scheme known as the Ponzi Scheme. ● Bernard Madoff: Mastermind Behind $65 Billion Ponzi Scheme Bernie Madoff, perhaps one of Charles Ponzi's most famous disciples, ran a Ponzi scheme disguised as a legitimate securities firm. This fraudulent hedge fund defrauded thousands of rich and famous clients before being exposed during the financial crisis 2008. ○ Most Famous Investment Master? According to Investopedia, not Kiyosaki, but Warren Buffett shines brightly as a master in the investment and financial advisory industry and his enduring success. However, Suze Orman, Jim Cramer, and Dave Ramsey are also widely known for their contributions in providing financial guidance. These investment masters, both respected and notorious for their crimes, have provided a wealth of insight and knowledge for investors and consumers.Their experiences and teachings continue to influence our approach to money and investing, providing valuable guidance in the complex world of finance.#blockchain #Binance #cryptonews #Follow #Crypto2024
Shiny Gold Prices Are Highest in Two Weeks, What's the Reason?
Gold prices rose to a two-week high on Friday of nearly US$1,890 an ounce, driven by expectations that the Fed would not raise interest rates at its upcoming policy meeting on November 1. The rise came a day after the consumer price index report (CPI) recently showed that core inflation slowed in September.Gold Prices Approach US$1,900 per Ounce Expectations that the Fed Will Skip Another Interest Rate HikeGold prices recovered quickly this week, especially after the spike on Thursday (12/10/2023) as a result of the new CPI report which showed that headline inflation in September exceeded expectations while core inflation slowed. Investors flocked to gold after the new inflation data raised hopes that the Fed would skip raising interest rates at its upcoming monetary policy meeting in November, quoted from Tokenist.This, along with increasing tensions in the Middle East, pushed traders to safe investment assets, including the yellow metal. Thus, the price of gold jumped from almost US$1,800 per ounce to almost US$1,890 on Friday (13/10 /2023).Current price action is testing critical intraweek resistance around US$1,890, marked by previous support breaking in late September.Breakdown of this level would pave the way for a quick push to US$1,920, where the 100 moving average converges. day (DMA) and 200 DMA. On the downside, the 100 weekly moving average (WMA) provides support near US$1,860. Persistent inflation and a hot labor market are unlikely to trigger another rate hike in November. The latest rally in gold prices accelerated after the September CPI report, which showed The annual inflation rate hit 3.7 percent last month. This figure was higher than economists' expectations of 3.6 percent and unchanged from August's reading. Core inflation, which does not take into account energy and food costs, was reported at 4.1 percent, in line with consensus estimates and down from the previous 4.3 percent. On a monthly basis, the core CPI rose by 0.3 percent, also in line with projections. Last week, the non-farm payroll (NFP) report revealed that the US economy added 337,000 jobs in September, double the consensus estimate. that the US labor market remains strong even though the Fed has imposed a number of interest rate increases in the past year and a half. If this holds true then gold prices are expected to remain at their current level or even rise to the next level. However, despite the latest wave of economic data showing inflation persisting, is unlikely to influence the US central bank to impose another quarter-point increase at its November policy meeting.In contrast, the Fed has previously signaled plans to keep interest rates 'higher for longer' – a message that significantly contributed to recent bond market volatility.#Binance #Follow #blockchain #cryptocurrency #cryptonews
CryptoQuant analyst pseudonym Onchained delivered the latest report regarding strong signals from long-term Bitcoin (BTC) investors. As reported by Ambcrypto, Onchained found that the total supply of Bitcoin (BTC) held by long-term investors has reached an all-time high of 80.34 percent. BTC longs are investors who have held their coins for a longer period of time, usually above 12 months. “The growth in the supply of BTC held by long-term holders seen in the recent past indicates growing confidence among experienced investors, who are increasingly committed to their Bitcoin holdings,” explained the analyst. Although Bitcoin has faced recent challenges, with Bitcoin trading at US$26,789 at the time of writing and struggling to clear the US$28,500 resistance level, long-term holders remain steadfast in their resolve. The group's resilience to fluctuations price, even in the face of price consolidation, shows their confidence in the digital currency's long-term potential. In contrast, short-term holders, who have held their Bitcoin for less than six months, have adopted a markedly different strategy. The Onchained report reveals that holders short-terms now account for only 19.34 percent of the circulating supply. This decline reflects a decline in short-term speculation and a marked shift towards long-term investment strategies. However, both long-term and short-term Bitcoin holders are currently experiencing losses when assessing the Output Profit Ratio spent (SOPR), a metric used to measure the profitability of Bitcoin transactions. Data obtained from CryptoQuant places the SOPR values for long-term and short-term holders of BTC at 0.93 and 0.99, respectively, at the time this article was written. Value above 1 usually indicates that investors are selling their coins at a profit, while values below 1 indicate that investors are distributing their holdings at a loss.The latest report from CryptoQuant analysts provides insight into the changing dynamics in the Bitcoin market. Long-term BTC investors for more than a year, now control about 80.34 percent of the total Bitcoin supply. This record shows increasing confidence among experienced investors, confirming their strong commitment to Bitcoin.#Binance #Crypto2024 #blockchain #Follow #cryptocurrency
Shiba Army Must Read This, There is a Message from Dev SHIB
An official marketing expert from the SHIB development team, who calls herself Lucie, has used the social media platform gave the same warning to the SHIB squad on his personal page. “Please consider this announcement!” he tweeted. “Friendly reminder about TREAT” Lucie provided a friendly reminder about the TREAT token which is part of the Shiba Inu ecosystem – it hasn't launched yet, she said again. Therefore, she said again, anyone who claims otherwise is either spreading false information or defrauding the Shiba community Inu army.Message from SHIB Developers For Shiba Inu ArmyIn early September 2023, Lucie issued a similar warning when a wave of fraudsters offered fake TREAT tokens to the Shiba Inu army community.The fraudsters claimed that this Shiba Inu ecosystem reward token had been released and offered contract addresses Fake TREAT to users, stealing their funds when some SHIB holders started connecting their wallets and using it, quoted from U.Today.Shibarium continues to reach new milestones. According to the latest update on the Shibariumscan explorer, the Layer-2 blockchain built for SHIB and its ecosystem continues to develop rapidly. This development makes the memecoin increasingly popular despite its initial slow movement. This was actually exploited by irresponsible parties who offered TREAT tokens and deceived several Shiba Inu armies. Therefore, memecoin lovers must be careful. This week, the total number of transactions carried out exceeded the level of 3,416,000. The total number of blocks minted already exceeded 1,100,000 at the time of writing, with the number of connected wallets reaching 1,253,941. Additionally, as reported by U.Today this week, Shibarium saw a significant increase in the number of new accounts and increases overall user interaction, especially by the Shiba Inu army.Notably, the number of active Shibarium accounts has increased by more than 55 percent, with nearly 800 accounts added daily. The number of new accounts has jumped by more than 93, surpassing 100. Since the start of the week, that marks an increase of 222 percent in this important metric. However, the Shiba Inu army must be careful not to be fooled by the TREAT token. #cryptonews #Crypto2024 #Binance #Follow #blockchain
Experienced investor Jim Rogers, who founded the Quantum Fund with billionaire investor George Soros, has repeated his warning about the end of the US dollar's dominance. “I know that the era of the US dollar is coming to an end. No currency stays on top forever,” he said, adding that the only currency that has the potential to replace the USD as the world's reserve currency is the Chinese yuan.○°Jim Rogers on the End of US Dollar DominanceExperienced investor Jim Rogers discusses various topics, including the end of the dominance of the US dollar and alternative currencies, in an interview with Nomad Capitalist published on October 1. Rogers is a former business partner of George Soros who founded Quantum Fund and Soros Fund Management. Although admitting that he has a lot of US dollars, Rogers emphasized:“I know that the era of US dollar dominance is coming to an end. No currency has remained at the top forever – not more than 100-150 years, not in history.” While repeating that he “can see that the era of US dollar dominance will end,” the renowned investor opined: “I don't see no other currency today can compete except the Chinese currency.”However, Rogers explained that the Chinese yuan is a “constrained currency,” stressing that “you can't just buy and sell it like you can with euros or dollars. He added that until China “really opens up its currency,” the renminbi will not be able to replace the US dollar as the world's reserve currency. Rogers noted that China has been slowly opening up its currency. “They did. They've been doing it for 20 years, but I don't think it's enough,” says the experienced investor. “But it's the only currency I can see on the horizon that could one day compete and could end the dominance of the US dollar. "I hope something else comes up, but I haven't seen it yet," he added.Rogers also raised concerns that the US is now the largest debtor in world history. “No nation has ever been as deeply in debt as we are, the US,” he said. This experienced investor has long warned about the end of US dollar hegemony. In July, he warned that the US would suffer as the value and dominance of the US dollar would be further eroded, quoted from News.Bitcoin. He also previously predicted the worst stock market of his lifetime and the US experiencing the worst recession he had ever seen.