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2026-06-24 22:38
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2024-07-26 08:47
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Elon Musk’s X removes crypto emojis, leaving community puzzled | CoinGecko News | |
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2026-06-24 22:38
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2026-04-17 02:03
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Bitcoin Native Asset (NAT) Officially Lands on Spider Pool, Breaking the Bitcoin Halving Deadlock | CoinGecko News | |
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Rubio: US and Iran to continue technical consultations at the end of this monthMultiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency) 6 hours ago Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated. According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million. 6 hours ago Bitcoin falls below $60,000 According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours. 6 hours ago US Treasury Secretary: AI boom may boost productivity and help curb inflation. US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation. 6 hours ago US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%. According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%. 6 hours ago During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%. According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%. 6 hours ago |
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2026-06-24 22:38
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2026-04-17 15:58
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$500 Million USDC Minted on Solana as Bitcoin $78,000 Breakout Gains Liquidity Support | CoinGecko News | |
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.The cryptocurrency market is experiencing one of the most dynamic moments of the year as Bitcoin has surpassed the psychological $78,000 mark for the first time in two months. This breakout is accompanied by a strong inflow of liquidity; on the Solana blockchain alone, 500 million USDC were issued within a short period of time, according to Whale Alert. The main catalyst for growth was a sharp positive shift in geopolitics. The market reacted to news of a possible deescalation in the Middle East. Statements from the parties about opening the Strait of Hormuz for commercial shipping triggered a drop in oil prices below $80 for WTI and a sharp rise in risk assets — first of all BTC. BTC/USD price chart with Whale Alert post, Source: TradingViewUSDC printing press: 500 million “in the moment”Against this backdrop, the Whale Alert system recorded the creation of two batches of 250,000,000 USDC, worth a total of $500 million in Circle’s treasury. The majority of the new issuance was deployed on the Solana network, bringing the weekly stablecoin issuance volume on this chain to a record $3.25 billion in 2026. HOT Stories You Might Also Like Historically, such large USDC issuances precede phases of active buying or are used by institutions to collateralize margin positions amid rising volatility. Despite the euphoria, experts from Glassnode and JPMorgan warn of a “sell wall” and potential profit-taking. Support is now located in the $75,000-$76,000 range. The ceiling for BTC in this rally is marked at $86,796, where the 200-day moving average is currently stretching. |
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2026-06-24 22:38
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2026-05-18 00:00
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The Echo eBTC Exploit on Monad: $77M Minted, $870K Stolen, $76M Stuck | CoinGecko News | |
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Nick Sawinyh on 18 May 2026At 21:21 UTC on Monday, May 18, 2026, someone minted 1,000 eBTC on Monad. At Bitcoin’s spot of roughly $77,000, that’s about $77M of unbacked wrapped Bitcoin appearing from nothing on Echo Protocol’s Monad books. The attacker converted ~$870K of it into real WBTC by depositing a slice as collateral on Curvance and borrowing against it. The other 99% of the fake supply is parked on the attacker’s wallet, because Monad’s lending and DEX depth can’t absorb more. This piece was written in the first hour after the drain. The initial public flag came from @dcfgod on X, who linked the suspicious mint transaction and tagged the affected teams; Monad co-founder @keoneHD acknowledged the incident shortly after and said the team and external security researchers were investigating. Echo Protocol and Curvance have not yet published statements at the time of writing. Final numbers on bad debt, attacker holdings, and any recovery plan will shift as post-mortems land. Treat the figures below as the best on-chain reads available as of the evening of May 18, 2026. The dollar amount is small. The architectural shape makes this worth writing about. The same privileged-role failure mode that produced the Resolv USR exploit in March and the KelpDAO rsETH exploit in April just produced another one, on a new chain, against a new asset class. The realized loss is roughly 30× smaller than Resolv and over 250× smaller than KelpDAO. The pattern is the same. What Echo, Curvance, and Monad Are Echo Protocol is a Bitcoin liquidity and yield project most visible to date on Move-based ecosystems. The Monad deployment is newer and smaller, and eBTC is its wrapped Bitcoin token there. The product shape is the familiar one: deposit BTC, hold a transferable representation that can move into lending, DEXs, and yield strategies the way WBTC does on Ethereum. The identification of this exploited contract with the Echo Protocol team specifically is currently community attribution; the project itself has not yet publicly confirmed the affected deployment as of writing. Curvance is an omnichain lending protocol that lists collateral assets and lets users borrow against them, similar in shape to Aave or Morpho. On Monad it had a fresh eBTC/WBTC market running, with eBTC accepted as collateral against real WBTC borrows. The protocol’s lending logic was not the failure point here; it treated the collateral it received as exactly what the token contract said it was, and the token contract was the problem. Monad is a young high-performance EVM L1 that opened to a wider set of deployments earlier this year. Echo, Curvance, and most of the assets sitting on Monad lending markets right now are fresh deployments, often without the operational layers (multisig admin keys, timelocks, monitoring, paranoid role separation) that the equivalent contracts on Ethereum have accumulated over years of incidents. The Attack: Role Takeover, Then Mint On the eBTC token contract at 0xd691b0aFed67F96CEC28Ab6308Cbe5b2C103b7e9, the attacker ran a short sequence of role-manipulation transactions: granted themselves DEFAULT_ADMIN_ROLE, used that admin role to self-grant MINTER_ROLE, and then revoked the admin role to clean up. With minter authority in hand, the actual mint was a one-line follow-up: mint() to the attacker’s address (0x6a0109d3c5ab56277096c75e8f5d1d1d45243415), 1,000 eBTC issued directly from the zero address. The mint transaction (Monad block 75,477,995) sits at: 0x2cc9730738c970b2c2ec1e1a27f38d69590db36fe069fb4ee04abaeb559357c0 How the attacker got that initial DEFAULT_ADMIN_ROLE grant is the part nobody outside the Echo team can answer yet. The plausible options are the standard ones: a compromised admin private key, a misconfigured initial deployment that left the role grantable, or a contract-level access control bug that let an unprivileged caller escalate. The Cashout: Deposit, Borrow, Bridge The attacker did not try to dump 1,000 eBTC into a DEX. Monad’s eBTC liquidity is thin, and the slippage would have eaten most of the extraction. They used the lending path instead, the same playbook Resolv’s attacker used to convert fake USR into ETH and KelpDAO’s attacker used to convert fake rsETH into WETH. According to on-chain accounting reconstructed from the attacker wallet’s history, the cashout sequence was: Deposit roughly 45 eBTC into Curvance’s eBTC market as collateral. The attacker received Curvance’s wrapped collateral receipt (ceBTC) in return. Borrow against that collateral across multiple transactions, pulling out approximately 11.296 WBTC in total. The reason the borrow stopped there is some combination of Curvance’s available WBTC supply, the LTV ceiling on the eBTC market, and any borrow caps set on the asset; which of those was the binding constraint isn’t yet confirmed. Bridge the borrowed WBTC off Monad. Community researchers tracking the wallet flagged LayerZero as the likely route; the exit transaction itself has not been independently confirmed at the time of writing. Route the proceeds toward a mixer. Tornado-style obfuscation has been mentioned by multiple analysts on X, again as the most likely path rather than a confirmed on-chain fact. The attacker still holds the bulk of the minted supply: roughly 955 eBTC sitting idle in the wallet, plus a small ceBTC position on Curvance. The residual sits there because Monad simply doesn’t have anywhere for it to go — no lender on the chain has the depth to absorb another borrow at that size, and DEX liquidity on eBTC would collapse against any meaningful dump. The Curvance market is the immediate casualty. The lender is sitting on collateral whose redemption is in dispute against an outstanding WBTC borrow of 11.296 tokens, roughly $870K at current spot. Whether that hole gets backfilled by Echo, by Curvance’s treasury, or absorbed by suppliers depends on a recovery plan that hasn’t been published yet. The Blast Radius This incident is small and localized, and that’s worth saying clearly. The damage is contained to Curvance’s eBTC/WBTC market on Monad. Curvance’s lending logic was not exploited; the protocol behaved correctly given inputs it had no way to verify. Other Curvance markets, on Monad and on the chains Curvance is deployed across, are not affected. Aave, Morpho, Spark, Fluid, and the rest of the major lending markets on Ethereum and the L2s have no Echo eBTC exposure. Inside Monad, the secondary risk is anything else that listed Echo’s eBTC as collateral or held it in a vault. That list is short today because the asset is young, but it’s worth watching. Any DEX pool with eBTC liquidity is sitting next to a wallet that owns 955 of the things and has demonstrated willingness to dump them, so DEX LPs face slow-bleed risk if the attacker decides extraction-via-DEX is worth the slippage hit. Untouched: real Bitcoin, real WBTC on every other chain, every other Bitcoin wrapper, and every other lending market that didn’t list eBTC. The failure here is asset-specific and chain-specific. The Uncomfortable Questions How did the attacker get the admin role in the first place? This is the question Echo has to answer, and it’s the only one whose answer matters past the immediate cleanup. If a hot admin key leaked, the lesson is operational. If the deployment left the role grantable to addresses it shouldn’t have, the same template needs reviewing on any other chain Echo deployed it on. If there’s an access-control bug in the contract logic itself, the scope expands. Why did escalating one role break the whole thing? Whatever the entry point, the contract was structured so that a single compromise produced the entire outcome: no timelock between admin role grant and minter role grant, no separate “mint authority” multisig sitting downstream of the admin, no rate limit on freshly-granted minter roles. Multisigs, timelocks, and rate-limited mint authority on wrapped Bitcoin contracts exist precisely so this kind of single compromise can’t immediately produce 1,000 fake BTC. None of those were present here. Should Curvance have listed eBTC at all, and with what parameters? The realized bad debt is small in absolute terms (~$870K) partly because the LTV on the market appears to have been kept fairly tight (11.3 WBTC borrowed against ~45 eBTC of deposited collateral isn’t aggressive leverage) and partly because the lender’s WBTC supply on the market was modest. The harder question is whether a freshly-deployed wrapped Bitcoin token with mint authority sitting on a single admin role should have been accepted as collateral in the first place, on any LTV, by a lender that had no way to monitor for unauthorized issuance. Will Monad’s lending markets tighten listing standards? Monad has spent its early months courting builders and shipping tokens fast. That’s the right strategy for getting an L1 ecosystem off the ground; it’s also exactly the condition that produced this incident. Whether the lending markets respond by tightening parameters on freshly-listed assets, or wait for a larger event to do that, is the question worth watching. The Lesson, Again Strip away the specifics and this is the same exploit as Resolv and KelpDAO. Resolv’s USR exploit was a single externally owned address that could pass arbitrary mint amounts into completeSwap(), and ~$25M of real value walked out the door. KelpDAO’s rsETH exploit was a one-of-one DVN on a LayerZero adapter, and ~$236M of real value walked out the door. Echo’s eBTC exploit was a single admin role on a Bitcoin wrapper, and ~$870K of real value walked out the door. What recurs across all three is the architectural shape: a privileged component on the edge carrying more authority than the surrounding system understood, with a downstream lending layer already composed against the asset as if the privileged component were sound. The lender behaves correctly. The token behaves correctly within its own access-control rules. The composition fails. The trust assumption embedded in the asset turns out to be weaker than the trust assumption the lender was operating on. The realized losses look very different across the three incidents because the lending markets sitting downstream are very different. Mature lenders on Ethereum have learned to cap their exposure to any single collateral asset, to scrutinize the access controls of anything they list, and to keep blast radius small even when an upstream component breaks. New chains and new asset issuers haven’t built those reflexes yet. Until they do, each new ecosystem gets to learn the same lesson over again at whatever scale its lending markets happen to be running at the moment. What Happens Next The Monad team has acknowledged the incident publicly and said security researchers are reviewing the contract and the wallet history. The real outstanding answers fall to two teams. Echo has to explain the chain of custody on the admin role and what the recovery plan looks like for the unauthorized supply. Curvance has to address the listing decision and how the bad debt gets covered. The attacker’s wallet is being tracked, and any further movement of the residual ~955 eBTC or of the bridged WBTC will be visible quickly. Whether the bad debt gets socialized to Curvance suppliers, absorbed by Curvance’s treasury, or covered by Echo as the upstream point of failure is the call Curvance has to make. For anyone using newly-launched lending markets on newly-launched chains, the practical takeaway is narrow: before you supply real assets, look at what the borrowable collateral actually is, who can mint it, and whether anything stops them from minting more. If your lender can’t tell you which keys can produce that collateral, neither can you. |
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2026-06-24 22:38
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2026-05-19 05:46
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Binance’s Altcoin Under Review for Listing Was Hacked! Hacker Minted a Large Amount of Tokens, Causing Price to Drop! | CoinGecko News | |
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19.05.2026 - 05:46Update: 19.05.2026 - 05:46 Hacking incidents in the cryptocurrency market seem never-ending. Most recently, another DeFi protocol was targeted. Accordingly, the Bitcoin-focused DeFi protocol Echo Protocol was vulnerable today, making it the latest in a wave of DeFi attacks this year. Echo Protocol, a Monad (MON)-based Bitcoin liquidity project, announced via its X account that a security vulnerability had occurred in its bridge. The team stated that they are investigating the incident and announced that they have temporarily suspended all cross-chain transactions. This announcement comes after Onchain Lens reported that Echo Protocol was exposed to a security vulnerability worth $76.7 million. According to onchain analyst Onchain lnes, the attacker generated 1,000 eBTC, the protocol’s liquidity token, on Monad and used it as collateral to borrow WBTC. He then bridged the WBTC to Ethereum, converting it to ETH, and sent it to the cryptocurrency mixer Tornado Cash. Following the hack news, the price of Echo Protocol (ECHO) fell. ECHO is listed on Binance Alpha, Binance’s pre-listing pool. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! |
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2026-06-24 22:38
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2026-05-20 17:03
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1 Quadrillion MAPO Minted: Bridge Exploit Crashes Token | CoinGecko News | |
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1 Quadrillion MAPO Minted: Bridge Exploit Crashes Token |
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2026-06-24 22:38
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2026-06-10 21:51
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Bitcoin and gold labeled ‘bad money’ by Jim Cramer! What is fueling the debate around AI stocks? | CoinGecko News | |
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On CNBC’s Mad Money, host Jim Cramer stirred markets by labeling both Bitcoin and gold as “bad money,” claiming that market liquidity is flowing into high-growth tech stocks like Nvidia and Apple. His latest statements come at a moment when debate is intensifying over why the crypto market is lagging behind its technology sector rivals.Cramer’s take on Bitcoin and StrategyRecently, Cramer went so far as to accuse Strategy co-founder Michael Saylor of “killing Bitcoin” after the company sold 32 BTC. In an assessment at the beginning of June 2026, Cramer argued that the market may need to rethink its traditionally Bitcoin-friendly attitude toward Strategy. In his view, the company has long functioned as a foundational support for the Bitcoin price. While some observers identify MicroStrategy’s influence as a driving force in the crypto space, Cramer contends that such diagnoses might be too harsh or simplistic. Mini glossary: Strategy, formerly known as MicroStrategy, is a US-based software company distinguished by massive Bitcoin holdings on its balance sheet. Michael Saylor is a public figure best known for spearheading the company’s Bitcoin-focused treasury strategy. Cramer noted that the pro-Bitcoin stance the market has taken towards Strategy may need to be reassessed, pointing out that the company has long served as a crucial price support for the asset. Shifting stance and utility debateBack in February 2026, Cramer also openly questioned what real-world use Bitcoin offers. He asked what genuinely underpins the asset and rejected the view that Bitcoin serves as an effective hedge against geopolitical tensions. These comments sharply contrasted with his previously positive outlook in prior years. Cramer had previously highlighted his early interest in crypto assets. In a 2021 interview on The Pomp Podcast, he revealed that he had invested $500,000 in Bitcoin following advice from Anthony Pompliano, expressing optimism at the time. However, his subsequent commentary has marked fluctuating positions toward the cryptocurrency. Is liquidity shifting to AI stocks?A central theme emerging from the report is that artificial intelligence-focused stocks are attracting a growing share of market liquidity. According to this viewpoint, the underperformance of Bitcoin may stem from investors’ mounting preference for companies tied to the AI boom, rather than for crypto assets. Arthur Hayes, co-founder of BitMEX, recently advanced a similar analysis. Hayes argued that most new US dollar liquidity is channeled into the AI sector, limiting the capital that could fuel a sustained Bitcoin rally. Arthur Hayes observed that large portions of newly created dollar liquidity are being absorbed by the AI sector, weakening the capital flows necessary to drive major Bitcoin gains. At present, AI-linked stocks led by Nvidia have overtaken crypto markets in terms of capital inflows. This new landscape offers a fresh perspective on where investors are focusing their risk appetite and which sectors are emerging as favorites in the quest for outsized returns. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. |
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2026-06-24 22:38
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2026-06-11 03:10
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Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either | CoinGecko News | |
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In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows.Sign Of BTC Bottom?SpaceX Driving Sell-Offs Everywhere?Cramer has expressed concerns that growing speculation about SpaceX and its eventual inclusion in the S&P 500 could be fueling an unusual rotation out of some of the market's biggest winners, including the “Mag 7” stocks. The assets he mentioned have indeed experienced some losses in the lead-up to the highly anticipated IPO on Friday. A sudden rally in space stocks has also coincided with a drop in Bitcoin, which some market strategists attribute to the anticipated SpaceX IPO. Price Action: At the time of writing, BTC was exchanging hands at $61,974.63, up 1.07% in the last 24 hours, according to data from Benzinga Pro. Nvidia shares fell 0.62% in after-hours trading after closing 3.73% lower at $200.42 during Wednesday’s regular trading session. Apple shares closed 0.35% higher at $291.58. According to Benzinga's Edge Stock Rankings, the NVDA stock sustains a stronger price trend over the short-, medium-, and long-term periods, complemented by high Growth and Quality scores. Photo courtesy: katz / Shutterstock.com Market News and Data brought to you by Benzinga APIs © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here. |
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2026-06-24 22:38
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2026-06-11 06:47
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Jim Cramer calls Bitcoin bad money as tech stocks drain liquidity | CoinGecko News | |
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CNBC host Jim Cramer has called Bitcoin and gold “bad money” as investors move capital toward high-growth technology names and private market opportunities.Summary Jim Cramer called Bitcoin and gold bad money as investors chase SpaceX, Apple and Nvidia. His latest Bitcoin comments follow criticism of Michael Saylor and Strategy’s rare 32 BTC sale. Analysts linked the June crash to Fed policy, Iran tensions, ETF outflows and excessive leverage. His comment came during a difficult month for Bitcoin. The asset recently fell near the $60,000 area before recovering to trade near $62,796 at the time of writing. Cramer says Bitcoin and gold face selling pressure Cramer wrote on X that “Bitcoin and gold–bad money” were being liquidated for SpaceX. He also said Apple and Nvidia were “good money” but were also being sold. Bitcoin and gold–bad money, being liquidated for SpaceX. Apple and Nvidia –good money–being liquidated — Jim Cramer (@jimcramer) June 10, 2026 The comment placed Bitcoin in the same liquidity debate as gold and major technology stocks. Cramer’s point was that investors may be selling several assets to raise cash for new opportunities. SpaceX has drawn fresh market attention as investors watch a potential public listing. AI-linked firms and large technology names have also attracted large amounts of capital this year. That has made liquidity a central market topic. When investors shift money into AI, private deals or major tech stocks, fewer funds may be available for risk assets such as Bitcoin. Strategy sale keeps Bitcoin debate active Cramer’s latest post follows his earlier criticism of Strategy and Michael Saylor. As previously reported by crypto.news, he said Strategy’s sale of 32 BTC shook market confidence. The sale was small compared with Strategy’s total Bitcoin holdings. However, traders focused on it because the company has long presented itself as a major Bitcoin accumulator. Cramer previously said Strategy had acted as a “key trampoline” for Bitcoin’s price. He later wrote that Saylor had “murdered Bitcoin,” drawing a response from Saylor, who called the decline “just a flesh wound.” The exchange turned Strategy’s role in Bitcoin markets into a wider debate. Some traders questioned whether one firm had too much influence on market sentiment, while others viewed the sale as minor. AI and SpaceX rotation adds another pressure point AI capital demand has become one explanation for Bitcoin’s weaker performance. BitMEX co-founder Arthur Hayes has also argued that AI has absorbed a large share of new market liquidity. Some market participants linked Bitcoin’s decline to capital rotation toward Anthropic, SpaceX and OpenAI. The argument is that large fundraising needs can compete with crypto for speculative money. A crypto.news report said SpaceX IPO interest did not directly cause the June crash. It described the AI and IPO trade as a slow-moving pressure rather than the main trigger. That distinction matters for Bitcoin traders. Tech rotation may reduce demand over time, but sharp market moves still depend on macro news, fund flows and leverage. Bitcoin remains tied to macro and ETF flows crypto.news reported that the June crypto crash had several causes. These included hawkish Federal Reserve expectations, US-Iran tensions, Strategy’s 32 BTC sale, ETF outflows and leveraged liquidations. Bitcoin also faced pressure from a long ETF outflow streak. That removed a major source of institutional demand while traders were already cutting risk. For now, Cramer’s “bad money” comment adds to the public debate around Bitcoin’s place in portfolios. It does not change the core market test. Bitcoin still needs stronger ETF demand, calmer macro conditions and a firm hold above the $60,000 area. Without those signals, traders may keep watching whether capital continues moving toward AI, SpaceX, Apple and Nvidia. |
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2026-06-24 22:38
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2026-06-11 08:54
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Jim Cramer Just Called Bitcoin ‘Bad Money’ and History Says That’s Bullish | CoinGecko News | |
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In This Article The Inverse Cramer Record: What the Historical Data Actually ShowsWhy Cramer Called Bitcoin Bad Money: The SpaceX and AI Rotation StoryCan Bitcoin Hold $62,000, or Is the Jim Cramer Call Actually Right? On June 10, 2026, CNBC host Jim Cramer posted on X: “Bitcoin and gold, bad money, being liquidated for SpaceX. Apple and Nvidia, good money, being liquidated.” Bitcoin was trading near $62,796 at the time, having just bounced off the $60,000 level during one of the rougher weeks of this Bitcoin bear market.The post landed in crypto communities like a starter pistol, not because traders agreed with Cramer, but because of a well-documented pattern that runs in the opposite direction. Jim Cramer’s Bitcoin calls have historically preceded recoveries rather than confirmed declines. The Inverse Cramer phenomenon is real enough that structured products were built around it, and it is worth examining seriously, not just as a meme. But past patterns are not guarantees, and the current macro picture has genuine complications. Here is what the historical record actually shows, what Cramer’s framing reveals about real market forces, and what the price data says right now. The Inverse Cramer Record: What the Historical Data Actually Shows Inverse Cramer. Whatever he says the opposite is happening.📝 https://t.co/lW4CsEZXes pic.twitter.com/LO0NEE3G2p — Ant (@KingAnt) June 10, 2026 The Inverse Cramer trade highlights a peculiar pattern in Bitcoin’s history. In 2017, Cramer called Bitcoin “monopoly money” just before its rise to nearly $20,000. In June 2021, he sold most of his Bitcoin, citing concerns about China’s crackdown, right before the market rebounded. By January 2024, he warned of a Bitcoin selloff ahead of the US spot ETF launch, which ended up being a major catalyst for Bitcoin. However, by November 2024, he reversed his stance, urging people to own Bitcoin and even using BTC profits to pay off his mortgage. This pattern suggests that when a prominent financial commentator like Jim Cramer expresses peak bearishness, it often coincides with retail capitulation, indicating potential recovery points. Analysts refer to this as a Cramer bottom signal, not that Cramer is always wrong, but his strongest calls often occur at sentiment extremes. However, it’s important to note that an Inverse Cramer ETF has returned approximately -5.56% by October 2023. Hence, while this pattern provides insights into sentiment, it should be considered alongside other market indicators rather than as a standalone strategy. DISCOVER: Best Meme Coin ICOs to Invest in 2026 Why Cramer Called Bitcoin Bad Money: The SpaceX and AI Rotation Story Cramer’s argument regarding Bitcoin is noteworthy in its own right, as he suggests that capital is shifting away from Bitcoin toward higher-conviction investments, including a potential SpaceX IPO, Apple, Nvidia, and AI developments. This idea resonates with other analysts, including BitMEX co-founder Arthur Hayes, who believes that AI has taken a significant share of market liquidity this year, diverting funds from crypto. The narrative surrounding the SpaceX IPO suggests that investor enthusiasm may be drawing speculative capital away from digital assets. Crypto.news highlighted this trend as a slow pressure rather than a crash trigger. The June crypto crash stemmed from several factors, including Federal Reserve hawkishness, geopolitical tensions, and ETF outflows and liquidations. Our analysis shows that significant institutional demand for Bitcoin has softened, underscoring that Cramer’s views may not fully capture Bitcoin’s long-term value, even if he’s right about short-term capital competition. EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up Can Bitcoin Hold $62,000, or Is the Jim Cramer Call Actually Right? $BTC Current Trade + My Weekly Thesis, Price is bouncing from the HVN, and the overall structure is still intact and bullish. Currently we are in a low risk long from 61.6k, Our second limit got frontrunned (posted on discord earlier). I won't take anymore longs until 60k,… https://t.co/g26sNO9G6x pic.twitter.com/WFN6EQ0z1N — Kaz (@XBTkaz) June 11, 2026 Bitcoin’s current technical picture is genuinely contested. The $60,000 area has emerged as the key psychological support level; it held during the June selloff, but each test of that floor incrementally weakens it. Recovery to $62,796 is encouraging, but it is a recovery from stress, not a breakout from strength. Bull case: Bitcoin holds above $60,000, ETF outflows stabilize and reverse, and the Cramer “bad money” comment serves as a textbook contrarian indicator bottom signal. A recovery above $65,000 on volume would begin to confirm this scenario. The broader Bitcoin price 2026 narrative, post-halving supply squeeze, and institutional adoption remain structurally intact. Base case: Bitcoin consolidates in the $60,000–$65,000 range for several weeks as macro uncertainty persists. Capital rotation toward AI and SpaceX continues to cap upside without triggering a breakdown. ETF flows remain choppy but do not accelerate to the downside. This is a grinding range, not a trend. Bear case/invalidation: Bitcoin loses $60,000 on a daily close with volume, confirming that the Jim Cramer call was not a sentiment extreme but an accurate read on structural capital outflows. A break below $58,000 would invalidate the current base and open the door to a deeper leg of the Bitcoin bear market. The AI liquidity argument would gain significant credibility in this scenario. Michael Saylor’s response to Cramer – dismissing the decline as “just a flesh wound”, captures the bull camp’s position. Strategy’s sale of 32 BTC was small relative to the company’s total holdings, and the market reaction likely says more about fragile sentiment than about a fundamental deterioration. As our earlier coverage of CZ’s bottom call and ETF outflow data noted, high-profile bearish signals from prominent voices have repeatedly preceded stabilization, but stabilization still requires confirmation from flows, not just sentiment. EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market #Bitcoin News Today Why you can trust 99Bitcoins 10+ Years Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days. 90hr+ Weekly Research 100k+ Monthly readers 50+ Expert contributors 2000+ Crypto Projects Reviewed Follow 99Bitcoins on your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Alex Ioannou On-Chain Journalist Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More |
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How Will the SpaceX IPO Impact Bitcoin Price? 5 Key Factors | CoinGecko News | |
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How Will the SpaceX IPO Impact Bitcoin Price? 5 Key Factors |
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2026-06-12 10:00
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Jim Cramer Just Warned Against SpaceX Stock: Bullish Sign for Elon Musk? | CoinGecko News | |
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Jim Cramer Just Warned Against SpaceX Stock: Bullish Sign for Elon Musk? |
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2026-06-24 22:30
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2025-05-30 05:26
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Upbit’s New Altcoin Listings Spark Massive Gains, Pocket Network Leads Rally | CoinGecko News | |
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Upbit’s New Altcoin Listings Spark Massive Gains, Pocket Network Leads Rally |
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2026-06-24 22:30
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2019-03-01 22:10
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Blockchain Compatible Fiat is Coming! What Does This Mean? | CoinGecko News | |
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On February 21st, Charlie Lee of Litecoin took to Twitter and made a cryptic tweet about WEG Bank’s exciting product pipeline. Needless to say, the promise of a traditional banking institution getting more heavily involved in cryptocurrency went down very well in the Crypto Twitterverse:What exciting new products were Charlie Lee hinting about? A week later, it seems like we have the one of the answers and it appears that it involves WEG Bank’s new partners, Nimiq and Agora Trade. The Blueprint For A New Crypto-to-Fiat BridgeNimiq, a disruptive crypto payment system, recently announced that the project has created the blueprint for making fiat currency (USD, EUR, etc) blockchain-compatible. Work on this new Crypto-to-Fiat bridge has been pursued in collaboration with both WEG Bank and Agora Trade. In a nutshell, this innovation is focused on making fiat currencies, like the Euro, directly behave as if it were a token on the blockchain. This enables seamless value exchange between the crypto and traditional banking worlds. The members of the partnership. Image via Weg-Bank Furthermore, Nimiq has removed the need for a single centralized intermediary eg. payment processors and exchanges, to control the two assets being traded. Even better, this functions without a third party ever controlling the private keys of the crypto asset. Now, this may sound like a word salad to many people. Put simply, all this means is that Nimiq has found a way for crypto holders to sell their coins directly to fiat bank account holders and vice versa, without entrusting crypto assets to a third party like an exchange. Anyone who has actually bought or sold crypto assets for fiat currency, will know that it’s not as straight forward or seamless as it should be. Indeed, you could be waiting for a couple of days for your fiat deposit to hit Coinbase and then you have to transfer Bitcoin or Ethereum to a crypto-to-crypto exchange to buy that altcoin you want. All this creates a chain of hoops to jump through and the truth is that many people just give up. That’s bad news for wider crypto adoption. In addition, the Quadriga scandal, where a cryptocurrency exchange allegedly lost the private keys to $135 million of user funds, highlights the benefits of giving crypto holders an alternative way to sell their coins for fiat currency, without having to entrust private keys to an exchange. Nimiq’s new approach is aiming to revolutionize how value is exchanged between the traditional banking system and the cryptocurrency universe, by removing many of the complications and barriers that exist. Not only is this innovation disruptive for current cryptocurrency holders, but it has the potential to make cryptocurrency markets significantly more accessible and safer for new crypto supporters too. Blockchain-Compatible Fiat: How Is It Disruptive?Nimiq’s new blueprint has the potential to eliminate unnecessary middlemen for crypto holders and merchants alike. Online crypto payment processors:Smooth out the friction that exists between the cryptocurrency and traditional banking world, by enabling value to be exchanged between the two ecosystems. The problem is that these middlemen (like Simplex) typically charge up to 5% on transactions and add yet another layer that needs to be trusted by crypto holders. Nimiq’s new crypto-to-fiat bridge could completely disrupt and remove the need for online crypto payment processors. By directly integrating with decentralized exchanges, it eliminates the need for third-party custodial processors like BitPay. Over-the-Counter (OTC)According to TABB Group research, these markets are three times bigger than exchange markets and they simply match high-value crypto holders with high-value fiat buyers. Needless to say, OTC operators charge significant fees for this service and if Nimiq’s new solution reaches scale, it could pose a significant challenge to these markets by offering a convenient and efficient solution to match and execute transfers between crypto and fiat. StablecoinsThis market currently stands at ~$2.8 billion. One of the main uses of stable coins (which attempt to replicate the value of the dollar) is providing a convenient way for crypto owners to hedge against the volatility of crypto markets. Nimiq’s new crypto-to-fiat bridge is set to give crypto owners a new and convenient way to move their funds to real fiat, whilst also removing the need to trust unaudited stable coins. Hello Nimiq OASISNimiq, working with WEG Bank AG and the non-custodial cryptocurrency exchange Agora.Trade, is pioneering a totally new approach to how banks deal with crypto by building a crypto-to-fiat bridge. If those names sound familiar, it is because Litecoin and TokenPay each hold a stake in WEG Bank and Reto Trinkler made the Forbes ‘30 Under 30’ list. This is a revolutionary collaboration that could provide the disruption needed to usher in mass adoption of crypto by making it far easier to interface between fiat and crypto. Image via Nimiq The groundbreaking blueprint allows fiat currency, like the Euro itself, to behave as if it was a token on the blockchain. The tech is called the Nimiq OASIS (Open Asset Swap Interaction Scheme), which is the middle layer solution connecting Agora Trade to WEG Bank. Because it enables fiat to crypto exchange, this functions without needing to issue or use stable-coins. More details of this innovative solution can be found on Nimiq’s official blog. Nimiq OASIS could completely disrupt how crypto is bought and sold with fiat currency. The wider vision is to allow other exchanges, bank, fiat and cryptocurrencies to integrate and leverage Nimiq OASIS in the future. This would allow even more crypto users and financial institutions to eliminate middlemen like payment processors and enable convenient value transfers between the two ecosystems. Nimiq’s current partners made the following statements on the collaboration. According to Matthias von Hauff, CEO of WEG Bank AG: For the past 12 months, we have been looking at various ways to expand our core banking activities into the blockchain community. With Nimiq, we have been able to develop not only a landmark payment interface which has the potential to revolutionize the way we deal with cryptocurrencies, but also an innovative and powerful partnership And, according to Reto Trinkler, the co-founder of Agora Trade: Overregulation and lack of innovation lead to the development of custodial exchanges and financial intermediaries such as stablecoins. By combining an easy-to-use payment token, a noncustodial exchange and an innovative fiat bank we go back to the heart of what blockchain is all about; Self-sovereignty and removing unnecessary middlemen Agora Trade also took to Twitter after Nimiq’s official announcement was made. One thing is clear, Nimiq OASIS to closing the gap between the traditional banking system and cryptocurrency markets. World watch out, blockchain-compatible fiat is coming! Disclaimer: The author holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. This article must not be construed as investment advice. Always do your own research. |
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2026-06-24 22:30
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2019-03-27 20:11
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Trust Wallet Integrates Stellar, Tor Project Accepts BTC, LTC, ETH, XLM, Dash and Binance Announces New Crypto Trading Pairs | CoinGecko News | |
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[the_ad id=”36860″]Crypto Integration Trust Wallet has just announced full integration of Stellar Lumens (XLM), allowing users to send, receive and store XLM. Support has also been added for Aion (AION), Kin (KIN), Nimiq (NIM) and Thunder Token. Owned by Binance, the multi-coin crypto wallet app supports thousands of digital assets, including ERC20 tokens. It has been rapidly expanding its list of supported coins after integrating Bitcoin, Bitcoin Cash and Litecoin in January. Partial List of Supported Coins Ethereum Ethereum Classic GoChain POA Network VeChain Tron Wanchain Callisto ICON Bitcoin Litecoin Bitcoin Cash TomoChain Dash Zcash Zcoin XRP KIN Nimiq Thunder Token Aion Stellar Trust Wallet has a built-in browser for DApps that allows users to trade cryptos and collectibles from their iOS and Android devices. [the_ad id=”36860″] Crypto Trading and Adoption Binance, the world’s largest cryptocurrency exchange by trading volume, has announced Binance Coin and Tether trading pairs for Dash. The exchange will open trading for DASH/BNB and DASH/USDT on Thursday, March 27. Dash, an open-source cryptocurrency forked from the Bitcoin protocol, is designed to be spent at everyday shops and locations. Dash reports having over 4,900 merchants worldwide, with a foothold in Venezuela where over 2,000 merchants are listed on the Discover Dash directory, from SkyDive Caribbean to medical practitioners, coffee shops, restaurants and retailers. Crypto Donations The Tor Project, an anonymity network that enables communication by concealing a user’s location and web activity to protect personal privacy and thwart censorship, is now accepting a number of cryptocurrencies in addition to Bitcoin. Tor now accepts donations in Litecoin, Ethereum, Dash, Augur, Zcash, Monero and Stellar Lumens. We changed how we accept cryptocurrency, and you can now donate a slew of different kinds of coins directly to us. Thank you for the feedback. Help keep Tor robust and secure: https://t.co/qe9Jp8vJny #bitcoin #litecoin #DASH #Ethereum #augur #Zcash #xmr #StellarLumens — The Tor Project (@torproject) March 22, 2019 The non-profit organization says it will use the donations to pay 47 staff members who work to support the network on behalf of journalists, human rights defenders, domestic violence survivors, policymakers, diplomats, academic and research institutions. [the_ad id="42537"] [the_ad id="42536"] |
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2026-06-24 22:29
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2019-04-03 02:11
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Nimiq Joins Litecoin & TokenPay By Acquiring Stake In WEG Bank | CoinGecko News | |
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On the 2nd April 2019, Nimiq (NIM) announced that the crypto project had acquired a 9.9% stake in WEG Bank AG.This move further reinforces Nimiq’s pre-existing strategic partnership with WEG Bank and Agora.Trade on a potentially revolutionary crypto-to-fiat bridge. In this article, we’ll take a look at how all the pieces of the Nimiq puzzle fit together, how this acquisition and partnership could just be the beginning of wider disruption for both the cryptocurrency and fin-tech industries. The Wider Impact On Crypto & Fin-techNimiq’s acquisition of a stake in WEG Bank means that the project is committed to dedicating their top developer talent to execute the blueprint for an innovate crypto-to-fiat bridge called Nimiq OASIS. This fin-tech solution is customer facing and aims to connect the traditional banking system, via WEG Bank, to the cryptocurrency markets using Agora.Trade. At one end of the bridge, you have WEG Bank and Agora.Trade (a decentralized exchange) is at the other end. At the center of the bridge is Nimiq OASIS which is what connects the banking and cryptocurrency worlds together and enables value to be transferred between the two ecosystems. This is made possible by Nimiq OASIS making fiat currencies like the USD or EUR, blockchain compatible. Now the value transfer problem between cryptocurrencies and banks has existed ever since Bitcoin was first introduced into the world. This pain point has seen the emergence of cryptocurrency payment processors like Bitpay and Simplex, who step in as a middle man to bridge these two ecosystems. Indeed, Charles Hoskinson, the founder of Cardano (ADA) recently spoke about the current state of crypto markets and commented: What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account Nimiq OASIS aims to achieve the transfer of value between cryptocurrency and a normal bank account. Furthermore, the target date for release is Q4 2019 and the first iteration of Nimiq OASIS is looking to support Bitcoin, Ethereum and NIM. The potential of Nimiq OASIS is nearly endless with Team Nimiq stating that: Nimiq’s vision is to further expand Nimiq OASIS reach to other fiat currencies like the USD and additional crypto assets as other banks and cryptocurrency platforms can also be enabled to interface with Nimiq OASIS and provide their customer bases with a convenient and cheap way to buy or sell different cryptocurrencies with a bank account So, in a nutshell, the Nimiq OASIS blueprint aims to deliver an easier and cheaper way for people to buy and sell cryptocurrencies using their bank account. This eliminates the need for crypto payment processors and can remove an additional fee layer. Now, that’s very disruptive in itself, but there's more. Nimiq OASIS can also enable transactions to be processed without a single, centralized intermediary (like an exchange or payment processor) controlling the two assets being exchanged, and without the private keys of the crypto asset ever being entrusted to a third party. Maybe all that sounds like a word salad, but consider the QuadrigaCX situation earlier in 2019 and how $190 million in crypto assets became inaccessible to the exchange. This issue demonstrates the benefit of a crypto owner never trusting their private keys to anyone else. Indeed, if all those QuadrigaCX users had held their own private keys then they would still have access to that $190 million worth of crypto. WEG Bank’s part in the Nimiq OASIS blueprint is critical, for it is the way through which Nimiq OASIS can access the SEPA Instant network and enable the buying or selling of crypto with any bank part of that network. This means that users wouldn’t have to have an account at WEG Bank to use Nimiq OASIS. Nimiq’s partnership and acquisition of a stake in WEG Bank demonstrate the commitment to making this fin-tech solution succeed. More To Nimiq OASIS Then Meets The Eye?Currently, there are few banks looking to actively work with cryptocurrency projects or develop crypto-based solutions. Enabling retail banking customers to buy crypto doesn’t sound like that big a deal, however, the Financial Conduct Authority in the UK recently released a report and conducted a survey asking people why they were not buying cryptocurrencies. An incredible 20% of people replied that lacked knowledge on how to buy cryptocurrencies. Nimiq OASIS could make buying crypto as simple as sending an online bank transfer and this highlights the benefits of making the buying and selling of crypto as simple as possible. In the area of crypto payment processing, Nimiq OASIS could end up being a very disruptive force. The reason why is that many merchants don’t want to use a crypto payment processor like Simplex due to fees of up to 5%. Now many online retailers operate off average net margins as low as 0.5% to 3.5%. That’s a huge disincentive for many merchants to accept cryptocurrencies and for some, accepting crypto payments could even result in the merchant making a loss. Image via Nimiq With Nimiq OASIS comes the potential for significantly lower fees by removing crypto payment processors as middlemen. The potential is there for Nimiq OASIS to actually spread the wider merchant adoption of cryptocurrencies by offering a cheaper alternative. The stable-coin market could also be impacted. Today, these markets stand at around $2.8 billion, with the main use case of stable coins being to hedge against the volatility of crypto. However, that hedge does come with some risks if people are using certain popular, unaudited stable-coins. Nimiq OASIS could offer crypto enthusiasts a different alternative to hedge against the markets with actual fiat. No one really knows how large the crypto over-the-counter markets are. However, many agree that the volume on OTC desks is larger than that transacted over cryptocurrency exchanges. If you are not sure what OTC markets are, it’s just a complicated way of saying that crypto buyers, with fiat, are matched with crypto sellers wanting to sell for fiat currency. Usually these markets are reserved for only high-value transactions and the OTC broker takes a cut of the transaction for making it all happen. If Nimiq OASIS gains high levels of liquidity, then it could offer current OTC buyers and sellers with an alternative option for their trades and enable Nimiq OASIS to eat into OTC market share. From Nimiq’s recent stake acquisition, WEG Bank has further strengthened its partnership with Nimiq and this could make a lot of strategic sense when you know that the bank is focusing on expanding into the crypto niche. Matthias von Hauff, CEO of WEG Bank AG went on the record with the following comment. For the past 12 months, we have been looking at various ways to expand our core banking activities into the blockchain community. With Nimiq, we have been able to develop not only a landmark payment interface which has the potential to revolutionize the way we deal with cryptocurrencies, but also an innovative and powerful partnership Not only does WEG Bank play a critical role in the Nimiq OASIS solution, but the acquisition of a stake in the bank also opens up other opportunities for Nimiq. Prominent crypto projects like Litecoin and Tokenpay are already existing shareholders and twenty cryptocurrency projects are set to be selected for corporate accounts at WEG Bank, with Lisk already being confirmed. The WEG Bank connection certainly brings with it the potential for Nimiq to grow even more meaningful partnerships and collaborative efforts. A Brief Overview About NimiqThe thing to know is that Nimiq OASIS is just a single initiative that makes up the Nimiq project. Nimiq is a decentralized payment system, with an extensive ecosystem of apps, in which the NIM token is used as a store and transfer of value. Sure, this sounds very similar to the the numerous other crypto payment systems out there like Dash. However, Nimiq does differentiate with its cutting edge browser-based blockchain, which allows users to connect to it using only a web browser. This creates a installation-free experience, geared towards ease of use. Nimiq also compounds this approach by going to extraordinary lengths to make user interfaces simple and easy. This approach and emphasis on simplicity have been inspired by Nimiq’s vision of making a cryptocurrency for the masses and not just the tech savvy. The focus on ease of use is probably a wise strategy given that companies like Apple have been able to achieve astonishing rates of product adoption by keeping things as simple as possible for users. Nimiq is built with a similar ethos in mind and this can be seen throughout the project. Image via Nimiq The Nimiq ecosystem is full of the teams and the best ideas from the Nimiq community. Nimiq has created a frictionless, one-click pay webshop where you can get your hands on branded merchandise. However, one of the most promising components of the ecosystem is a new checkout flow, which is set to be released shortly to enable different e-commerce stores around the world to accept NIM as a payment method. This could be a critical part of Nimiq’s future if combined with Nimiq OASIS and this could provide merchants with a viable alternative to crypto payment processors. If you scout around the Nimiq forum you’ll also be able to see that it appears that plans are already being hatched for Merchant adoption, with Nimiq publicly disclosing a list of merchant targets. The Nimiq ecosystem also includes numerous tip bots for platforms like Reddit, Twitter, Twitch, Telegram, and Discord. It even has a browser-based Crypto-Tamagotchi game too. Nimiq’s acquisition and strategic partnership with WEG Bank can be viewed as a smart springboard to further expand the project’s ecosystem, whilst enhancing its use-case as a payment system. Nimiq’s work is by no means done yet. However, there appears to be a lot of promise and potential there and it might be worth keeping a closer eye on project developments. What is WEG Bank?WEG Bank is a German bank founded by CEO Matthias von Hauff. The bank has gained a reputation for being one of the best institutions in the German real estate banking sector and has set its sight on expansion into the corporate, crypto and retail sectors. Image via WEG Bank With Nimiq on board, it seems that the project could play a key role in helping WEG Bank expand into the cryptocurrency markets and get a head-start over other less progressive thinking banks. Who are Agora Trade?Agora.Trade is a decentralized exchange under Swiss and Maltese ownership. They are led by Forbes 30 under 30 listmaker Reto Trinkler. The exchange has also partnered up with WEG Bank through their connection and involvement in Nimiq OASIS. In addition, Reto is also collaborating on other cutting-edge blockchain research with Nimiq through his other company called Trinkler Software. This collaboration appears to be bearing fruit, with the proposed Albatross consensus algorithm being the first thing to out of this collaboration. Albatross is a new proof-of-stake consensus algorithm and its believed that this is able to perform close to the theoretical maximum for a single chain. This research is currently being put to the test, however, it could provide a foundation for Nimiq to shift to proof-of-stake in the future. ConclusionNimiq OASIS has the potential to play a big role in shaping the future landscape of the wider crypto and fin-tech sectors. The acquisition of a stake in WEG Bank further supports Nimiq’s commitment to delivering Nimiq OASIS and the strategic partnerships with both WEG Bank and Agora-Trade. It also opens the door for Nimiq to forge additional partnerships with substance, with Litecoin and Tokenpay already being stakeholders, some of the twenty crypto projects set to be selected for corporate accounts might synergize well with Nimiq and lead to even more future collaborations. However, it must be noted that Nimiq OASIS is only a blueprint right now and that the first Nimiq OASIS transaction isn’t expected till Q4 2019. Sometimes development work takes longer than anticipated and that target date is certainly not fixed. What’s particularly interesting about Nimiq OASIS is that it has never been intended to be used exclusively for NIM. From the get-go, Bitcoin and Ethereum support are anticipated, with Nimiq already suggesting that the vision is to enable support for other cryptocurrencies. This means that the Nimiq OASIS effect could be felt out throughout the entire crypto market in the future. If Nimiq OASIS succeeds with help from WEG Bank and Agora.Trade, it will certainly be interesting to see if this fin-tech solution starts to change the attitudes held by other banks towards cryptocurrencies. Maybe WEG Bank will be the first of many to embrace this new technology? Only time will tell what the true impact of Nimiq will be… However, given the scale of the possible disruption, it might be a good idea to keep closer tabs on the project and keep up to date with the project’s developments. Disclaimer: The author holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. This article must not be construed as investment advice. Always do your own research. |
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2026-06-24 22:29
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2019-05-10 14:10
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Nimiq Coin Review: The Browser Based CryptoCurrency | CoinGecko News | |
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Nimiq (NIM) is a cryptocurrency designed for the masses, built with an ethos of simplicity and ease of use at its core.It is an open source and decentralised payment protocol that was developed with adoption in mind. By offering browser based access, the Nimiq team are providing a truly unique payment solution. In this article we’ll tell you what Nimiq is all about, the role the NIM token plays and what the project has been up to since its initial crowdfunding. Nimiq is a decentralized and censorship-resistant payment system in which the NIM token is transacted as a transfer and store of value. The project differs from others with its innovative browser-first approach, this means that users can connect directly to the blockchain with nothing more than a web browser and is intermediary-free. The benefit to users is that Nimiq enables them to use NIM without any installations and this gives the project a unique ‘it just works’ characteristic, which is combined with simple and easy user interfaces. Image Source: Nimiq Blog In essence, the Nimiq payment system is all about making things as easy, accessible and simple for the user as possible. The driving force behind this ethos is that Nimiq believes that cryptocurrencies need to be simple enough to use by a typical internet user to encourage wider adoption. Nimiq’s emphasis on simplicity, ease of use and it’s browser-based approach means that the project aims to be a cryptocurrency for the masses and aims to gear itself to both tech-savvy and normal internet users alike. Nimiq is also home to an ecosystem of dozens of apps and ‘best ideas’. The Nimiq Safe is a wallet app that requires no installation whatsoever and has no annoying wait times to download an entire copy of the blockchain. Wallet Designed for Adoption The ecosystem also contains numerous NIM tip bots for platforms such as Reddit, Twitch, and Discord. Additional content monetization opportunities are also offered via WordPress mining plugins and URL shorteners integrated with a NIM miner. Fun Fact ?: Nimiq even has a Tamagotchi type game called Nimipet, which is powered by the NIM token. However, the most exciting element of the current ecosystem is possibly Nimiq’s smooth, one click checkout-flow which is showcased in the Nimiq Shop. Nimiq is also working on its WooCommerce Nimiq Payment Gateway, a plugin that could play a vital role in wider merchant adoption of NIM in the future. Right now, it appears that Nimiq is stepping up and going after merchant adoption. Around 200 merchant targets have already been listed publicly in the Nimiq forum. In a nutshell, Nimiq can be summed up by: The Vision: “ Barrier-free value exchange for everyone”Nimiq’s Mission: “To enable the most accessible, censorship-resistant payment solutions”Why A Browser-Based Blockchain Could Encourage Adoption?Nimiq was the first browser-based blockchain. How could this drive forward wider adoption of Nimiq? Consider Apple; how has the company acquired such dominance in consumer hardware? Well, a large part of the company’s success has been through making the interaction with technology seamless, easy and intuitive. In essence, they have created products for the masses which can be used by tech-savvy people and regular users alike. Nimiq has taken a similar approach when it comes to creating their crypto payment system. Being browser-based means that users get that installation-free ‘it just works’ feel when using Nimiq. This is a far cry from other crypto payments systems which can be difficult for people new to crypto to wrap their heads around. User Interface of Nimiq Browser Wallet. Straight and Simple When it comes to digital payments systems, projects need to be aware of changing consumer trends. Traditional payments have seen a meteoric rise in mobile payments. This trend has been enabled by reliable and safe mobile payment infrastructure and has empowered users to enjoy a signficantly more convenient method of payment. This means that if cryptocurrencies are to compete successfully with legacy payment methods, then they should probably take mobile accessibility very seriously. Nimiq’s browser-based blockchain means that no large downloads are required and this enables users to use the Nimiq payment system in regions with low internet connectivity. Astonishingly, even developed countries can have mobile connectivity. Around 33% of the UK population currently suffers from bad mobile data coverage. Unsurprisingly, this figure rises in developing countries. This trend towards mobile payments has been recognized by Nimiq and is one of the reasons why their browser-based approach could hold significant value and has the potential to encourage wider crypto adoption. Disruptive Potential: Nimiq OASIS, WEG Bank & Agora.TradeOn the 28th of February, Nimiq announced that it had partnered up with German-owned WEG Bank and the non-custodial cryptocurrency exchange Agora.Trade to create a potentially disruptive crypto-to-fiat bridge. Before going any further it’s important to understand that the solution has a go-live target date of Q4 2019 and is currently only a blueprint. In short, Nimiq’s innovative approach centers on making fiat currency (like the EUR and USD) directly behave as if it were a token on a blockchain. This provides a potentially revolutionary new way of connecting the crypto exchanges to the traditional banking network. For anyone buying cryptocurrencies, you’ll probably notice that there are significant fees associated with depositing fiat currency on a crypto exchange. The reason why is that many crypto exchanges are forced to use crypto payment processors to bridge the crypto and traditional banking ecosystems. The Nimiq, Agora and WEG Bank Partnership That means that value exchange is not seamless and is the key reason why depositing Euros and USD on certain crypto exchanges can come with hefty fees. Nimiq has developed a blueprint to potentially solve this issue and aim to develop Nimiq OASIS (Open Asset Swap Interaction Scheme). It initially aims to connect different crypto markets using the non-custodial Agora.Trade exchange to the traditional banking network via WEG Bank. Nimiq OASIS is the middle layer which enables seamless value transfer between these two ecosystems through making fiat currency blockchain compatible. Put simply, the goal is for Nimiq to deliver an easy, cheap and fast way for users to buy cryptocurrency. That’s not all. Nimiq’s solution also allows for the processing of transfers without a single, centralized intermediary (like a payment processor) controlling the two assets being exchanged, and without needing to entrust the private keys of the cryptocurrency asset to a third party. What Pain Points Could Nimiq Solve?There are a number of barriers that make it hard for mass adoption of cryptocurrency. Some of these are related to the public's perception while others are due to legacy financial systems. Given the unique approach that is being taken by Nimiq, there are a number of ways in which it can help ease the use and adoption of cryptocurrency. Making Crypto Easier to Buy or SellDepositing fiat currency on an exchange can be time-consuming, confusing and incur large fees. Indeed, the UK Financial Conduct Authority released a report in March 2019 containing survey data to the question ‘why haven’t you bought any (cryptocurrency)? 20% responded that they ‘lack knowledge on how to buy cryptocurrency’.8% said that crypto was ‘too difficult or complex to buy’.2% responded that they had a ‘lack of knowledge’.This means if the survey data of the FCA is viewed as a representative of the overall population, then 30% of the people not already in cryptocurrency could benefit from an easy and convenient way to buy and sell cryptocurrency. This is exactly what Nimiq OASIS aims to do. Q4: "Why haven't you bought any Cryptocurrency". Source: FCA It is interesting to note that within the FCA report, only 29% of survey respondents said that crypto was “too risky to buy (eg due to their price change)”. Nimiq OASIS could empower retail banking customers at SEPA instant enabled banks, with a fast and easy way to buy or sell cryptocurrency for fiat and address a key pain point for wider crypto adoption. Elimination of MiddlemenIf you are a cryptocurrency platform accepting fiat deposits or a merchant accepting crypto as a payment option, then chances are that you are using a cryptocurrency payment processor to act as a middleman between you and the traditional banking network. The problem is that some payment processor companies charge fees of up to 5%. Now consider that many traditional online stores operate off margins as lows as 0.5% to 3.5% and you should see the problem for wider crypto adoption. Nimiq OASIS could provide a cheaper alternative and even help expand the range of merchants willing to accept crypto as a payment method. Alternative To Over-The-Counter Markets (OTC)The world of crypto OTC markets is a murky one, to say the least. However, many speculate that the true value of OTC is in excess of that traded on public exchanges. If this is true, this means that billions of dollars being traded OTC every single day. Needless to say, OTC brokers typically charge a large fee for their service and if Nimiq OASIS provides significant liquidity the solution could provide an interesting alternative to OTC. Stable CoinsThe stable coin market currently stands at around $3 billion and these crypto assets are largely used by traders wanting to hedge their exposure to volatile crypto markets. However, some stable coins are unaudited (read Tether USDT) and there is little doubt that they come with risk over ‘real’ fiat. Nimiq’s crypto-to-fiat bridge could potentially provide a viable alternative to stable coins and eat into market share. Nimiq OASIS Is Just A BlueprintAs exciting as Nimiq OASIS could be, it is important to understand that it’s currently just a blueprint and there is no working product yet. However, Nimiq has backed up the Nimiq OASIS blueprint by acquiring a 9.9% stake in WEG Bank. Could Oasis be a precursor to much more? Image via Nimiq Needless to say, this stake acquisition is a statement of intent and illustrates the commitment of both WEG bank and Nimiq to the Nimiq OASIS initiative. The really exciting thing about Nimiq OASIS is that its first iteration aims to support NIM, BTC, and ETH. The team has already stated that they are open to supporting other cryptocurrencies, exchanges and merchant solutions in the future too. This means that if Nimiq OASIS succeeds, it can be viewed as a wider contribution to the overall cryptocurrency community and infrastructure. Deeper Links Between Nimiq & Agora TradeNimiq is serious about pushing the boundaries of blockchain technology, which involves exploring new and revolutionary ideas. These research efforts include sponsoring a PHD position at Imperial College London and blockchain research at Stanford University. Agora.Trade is led by Forbes 30 under 30 list-maker Reto Tinkler, who also heads up Trinkler Software. Nimiq and Trinkler Software have also opened up a blockchain research collaboration, the first results of which is a blueprint for the Albatross Consensus Algorithm. Nimiq With Trinkler Software This proof-of-stake consensus method has been reported to be able to perform close to the theoretical maximum for a single chain and could be the basis of Nimiq 2.0. Both Nimiq and Trinkler Software are continuing to test the Albatross protocol and have begun to build a simulator to evaluate it. It still remains to be seen what else will come out of Nimiq’s research efforts. The important thing to know is that the project takes an ad hoc approach to research and that research itself does not guarantee results or groundbreaking technological breakthroughs. However, such research efforts can be viewed as key to driving the Nimiq ecosystem forward and contributing to the wider cryptocurrency space. Nimiq Tech Vs. Bitcoin Vs. EthereumWhen it comes to evaluating any cryptocurrency, it is often useful to compare it to competitors and some of the biggest crypto projects out there. After all, what is the point of an altcoin which doesn’t have any advantages over Bitcoin? Below, you can see two tables pitting Nimiq head to head with both Ethereum and Bitcoin. It is, however, important to note that Nimiq has two different entries. The first is Nimiq with its current proof of work consensus method and Nimiq 2.0 is the performance expected if Nimiq migrates to proof-of-stake using the Albatross consensus mechanism. Nimiq Compared to Bitcoin and Ethereum Nimiq seems to be flying under the radar of many cryptocurrency enthusiasts. However, the project is still home to a rapidly growing and highly engaged community. The Nimiq team have decided to support their developer community with its own community funding initiative. This enables any member of the community to submit proposals for funding and the Nimiq team also offers project teams with free security audits, mentorship, help with UI and UX and more. Members of Nimiq's Enthusiastic Community Evidence of the Nimiq communities high levels of engagement can be seen in Nimiq’s collaboration with Binance-owned Trust Wallet on the 27th March 2019. The integration of NIM into Trust Wallet was completely spearheaded by two community developers called Terorie and Vasconcelos. The Nimiq community funding initiative is further strengthening the Nimiq ecosystem and increasing engagement in the Nimiq developer community. Nimiq's ValuesNimiq is a tech-focused project and the team believes that meaningful impact should take precedence over mere business. That's why two percent of the overall NIM supply has been reserved for Nimiq’s charitable foundation. These funds are vesting for ten years and the idea is that as the value of NIM grows, Nimiq’s charitable foundation will be empowered to support numerous great causes and initiatives. The Nimiq team are particularly interested in supporting projects with high ecological and social impact. The Nimiq TeamTeam Nimiq is made up of 19 team members in total. These are split between the following departments: core development, front-end, communication, infrastructure, documentation, legal, operations, and vlogs. Nimiq's Team Members jumping for joy (and Crypto) The team also leverages the expertise of several paid independent contributors: Marketing & UX/UI: OverniceSEO: DCBerlinPress: TotalCrypto.ioLegal: MMESeveral regional community managers e.g. social media and translations.How Easy is Nimiq To Use?Are you interested in Nimiq and want to check out if it’s really as simple as it is claimed to be? The good news is that you can try it out and some NIM for free. We estimate that it will take around 30 seconds to setup your new NIM wallet. Stage 1: Enter Nimiq’s onboarding process through the link here and click ‘create wallet’. Creating a Nimiq Wallet Stage 2: Choose your unique identicon to help identify your wallet at a glance. Choose an Identicon that Suits Stage 3: Confirm your identicon selection. You sure that Identicon works? Stage 4: Key in your PIN. Choose a quick access pin Stage 5: You are good to go ahead and select Nimiq Safe. Going through to Nimiq Safe Finally: Receive or send NIM transactions using Nimiq Safe. Getting started on Nimiq is literally that easy! How to Buy Nimiq CoinCurrently, Nimiq is listed on the following centralized exchanges: HitBTCHotbitTrade SatoshiBTC-AlphaAt Coin Bureau, we can only recommend crypto exchanges and platforms that we use ourselves. Unfortunately, after hearing about poor experiences on all the exchanges listed above, we cannot endorse any of them. Can't load widget However, the decentralized exchange Changelly can be used as a reputable place to buy NIM that we endorse. ConclusionThere is little doubt that Nimiq is one of those promising cryptocurrency projects currently going under the radar. We like Nimiq’s tech-focused approach, the potential ground-breaking innovation of Nimiq OASIS and the promising initial research outcomes. The strength of the Nimiq payment system can be seen as embodied by all these things, plus it is focused on ease of use and browser-based approach. However, all this promise is simply potential right now. Research outcomes like Nimiq OASIS and Albatross are simply blueprints right now. NIM is also not accepted by many merchants right now either. Anyone adding Nimiq to their watchlist must understand that there is a long road ahead for Nimiq to live up to their potential and that involves trusting Team Nimiq and their community to execute and scale the payment system successfully. Although many things could go wrong and stop Nimiq achieving its lofty goals, the approach taken is certainly different from other cryptocurrency payment systems out there. Nimiq’s acquisition of a stake in WEG Bank is also a big statement of intent and helps validate that the project is attempting to create the crypto-to-fiat bridge promised, rather than just promising vapourware. Ultimately it’s your choice if you want to dive in deeper into the project. However, if you want to find out more, we highly recommend that you check out Nimiq’s official blog. Featured Image via Fotolia Disclaimer: The author holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. This article must not be construed as investment advice. Always do your own research. |
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WEG Bank Awarded Crypto Trading License in Estonia | CoinGecko News | |
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WEG Bank Awarded Crypto Trading License in Estonia |
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Litecoin Foundation, Token Pay-owned German bank to process Bitcoin payments by 2020 | CoinGecko News | |
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Posted: October 1, 2019WEG Bank AG, a German bank which has been partially acquired by three prominent blockchain firms – Nimiq, Token Pay and the Litecoin Foundation, has announced that it will process cryptocurrency payments for retailers by 2020. The bank is actively looking for applications for a sandbox test group, one that will be opened to the public by 2020, reported a media outlet. Salamantex, the Austria-based payment solution provider, will act as the program partner, having already tested various point-of-sale devices in Austria. According to WEG Bank AG CEO Matthias von Hauff, this new bank “stakeholder” will allow retailers to receive payments in their wallets or cash out in fiat to a bank account. He added, “All we do is provide the regulatory framework in the background, to make sure when the retailer receives crypto, he actually receives fiat in his bank account, if he chooses.” The program will be managed by TEN31, the German bank’s new fintech brand and will initiate trade with Bitcoin [BTC], Litecoin [LTC], and other undisclosed cryptocurrencies. With plans to expand from ‘point-of-sale terminals,’ the CEO also revealed plans for initiating online checkouts, developing ATMs and the possibility “to integrate a [crypto] exchange into the bank as well.” According to reports, Nimiq has already been working with the Malta-based decentralized exchange startup, Agora Trade, on such a technology called the OASIS [ Open Asset Swap Interaction Scheme]. Nimiq acquired a 9.9% stake in WEG Bank AG in April 2019 and as part of the acquisition, it can leverage the SEPA Instant banking network through WEG Bank. The blog detailing the acquisition read, “This means that the combination of Nimiq OASIS, a non-custodial liquidity provider such as Agora.Trade and WEG Bank could enable customers at any of the 2’000+ banks in the SEPA Instant network to exchange value between crypto and fiat systems.” Back in July, TokenPay re-allocated the 9.9% stake ownership to the Litecoin Foundation, in exchange for providing payment solutions for the bank and working with TokenPay on blockchain projects. |
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Kindhumans Ethical Store Accepts Crypto: Why This Matters | CoinGecko News | |
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When mass adoption? That’s the question on the minds of so many crypto fans. The short answer is that nobody knows ‘if’ or ‘when’ cryptocurrencies will be adopted by huge swathes of the general population.What we do know is that although the 2017 bull market raised significant awareness about cryptocurrencies, the general adoption rates are still phenomenally low. The key question is why? The truth is that crypto still has a bit of a reputation problem. We are sure many of you have experienced this yourself after telling family and friends that you have made that first Bitcoin purchase. How many of you had an off-the-cuff comment about Bitcoin being the currency of criminals? We bet almost everyone reading this has had that experience at some point. Severing Link Between Crypto & CriminalityYes, these attitudes to crypto can be annoying but they tell us something very important when it comes to growing the wider adoption of cryptocurrencies. Namely, that crypto needs to break that association with criminality, which is still a hangover from the Silk Road incident way back in 2014. Sadly, severing that link is no easy feat with news articles from the mainstream seemingly taking every opportunity to sensationalize cryptos links to crime. Yes, it’s true that shady people use crypto for illicit purposes. However, what these article writers seem to be unaware of is that regular currencies like the USD are most used forms of money in the criminal underworld. Is crypto really a hackers choice? Image via Fotolia Also, how many ‘smart’ criminals really want to have their dodgy transactions stored immutably on a public blockchain for all to see? Indeed, crypto seems an increasingly bad option for criminals when you consider that crypto-to-fiat on and off ramps require users to send in copies of their passport to execute trades or withdrawals. A bag full of $100 bills seems a much better way to obscure shady transactions, doesn’t it? We cannot blame the general public for thinking that crypto is full of digital highwaymen up to no good. It’s a narrative they are constantly fed by the mainstream media and these are the types of people we need to embrace crypto for mass adoption to occur. Now that’s a massive hurdle for crypto to overcome. However, one way of tackling it and changing opinion is a steady stream of articles highlighting the innovation and good things that are happening in the blockchain space. Yes, there are many technical articles about the amazing innovations happening in the space. But does the average Joe really understand this? We think not. Maybe the easiest way to plant the idea that ‘crypto is not so bad’ is to show people the progressive ethical companies embracing cryptocurrency as a method of payment and being able to tell people about the phenomenal amounts of crypto that was used to support these ethical businesses. If the crypto community can pull together and make this happen, then maybe more people will change their tune when it comes to crypto and that could very well kick start the next wave of adoption. Kindhumans is a new online store and education movement dedicated to making it easy for thoughtful consumers to buy the top eco-innovative, sustainability-focused products. The store only lists brands that share the values of caring about the environment and making the world a kinder place. In short, Kindhumans aspires to be the home of eco-friendly products. Some of the items in Kindhumans Store Co-founder Justin Wilkenfeld explains the vision of Kindhumans: We want to help streamline the efforts for conscious consumers to more easily identify, find and purchase quality products that are good for people and good for the planet. Another key component of the initiative is education and inspiring people from around the world to see the value in ethically and responsibly sourced products. This includes raising awareness about product supply chains, the materials used and of course ensuring that consumers end up with great products. If that sounds interesting to you, then why not join the movement on Instagram or Facebook? In the spirit of kindness, giving and making a difference, Kindhumans has also pledged to donate 1% of all Kindhumans store sales to support social and environmental causes Why Buy Ethically Sourced Products?We’d like to think that the vast majority of people are good and care about the environment and our fellow humans. However, we do live increasingly busy lives and it’s hard to know the story behind behind the products we buy. We are sure all of you own a smartphone and have not given the supply chain of that product much thought. The truth is that phone you have in your pocket has a story and a very complex supply chain. Only Ethically Sourced. Image via YouTube It will include a material called coltan, of which 60% of the world’s supply comes from the Democratic Republic of the Congo, with much of it mined by child labourers controlled by local strongmen or sourced from conflict zones. Amnesty International have published reports in the past raising the concerns about Apple’s and Samsungs over-reliance on child labour in the DRC. Now most of us are probably not okay with buying a product built with child slave labour and would rather support a company that has an ethically responsible supply chain. That’s why Kindhumans spend a lot of time reviewing products before they are listed in the Kindhumans store to ensure that they are: Made by brands of high integrity and support transparencyAre cruelty-freeSupport communitiesShare the vision of environmental sustainabilityRefuse to use non-ethical materialsHave a mission of making the world a better placeThe Kindhumans vetting process considers everything from where the products come from, the different elements of the supply chain, the methods used to create the product and even how the product is disposed of at the end of its life. This means that every item in the Kindhumans store has its seal of approval and ethically conscious consumers can shop there knowing that the Kindhumans team have thoroughly assessed eco-friendliness and sourcing of each product listed in the store. All this makes it easier for consumers who care to ensure they are buying truly eco-friendly and ethical products. Ethical Company Adopting CryptoPromoting transparency has been a core part of the Kindhumans identity from its inception and this is one area where the worlds of charity and blockchain tech can meet. KindHumans and Nimiq Collaberation Kindhumans have been exceptionally progressive and have chosen Nimiq (NIM) from a huge list of possible blockchains to record a hash of their annual transparency report on. Kindhumans have also chosen to embrace cryptocurrency payments and accept Bitcoin, Ethereum, and NIM in their store via an integration with Nimiq Checkout. The important thing to know is that Kindhumans could have chosen from a long list of crypto payment solutions to enable the store to accept cryptocurrency. So, with the huge choice of solutions out there, why choose Nimiq to partner with? One of the key things for Kindhumans is that they like to partner with tech projects that share their ideals and values. Nimiq Checkout Integrations Nimiq is one of the few crypto projects that has had a strong focus on charity and supporting causes of high social and ecological impact upon its inception. Indeed, 2% of the entire token supply was dedicated to the Nimiq Charity, which has the sole function of supporting eco-friendly causes and human development initiatives. This alignment in values is one of the core things powering forward the collaboration between Nimiq and Kindhumans. However, values and ethos are not everything. Collaborations need to make business sense too and it seems that the Kindhumans team have understood the vast potential of future Nimiq Checkout updates to solve some of the key problems holding back crypto merchant adoption. Nimiq OASIS Connects Banking & CryptoRight now, the Kindhumans store is powered by a crypto-only version of the Nimiq Checkout. From a merchant point of view, there is nothing really remarkable about this. Potential Gateway Between Fiat & Crypto. Image via Nimiq It simply allows crypto users like you and me to send BTC, ETH or NIM to merchants like Kindhumans in an integrated checkout process. Yes, you could argue that the interface is nicer and simpler than most of the other solutions out there, but the remarkable features of Nimiq Checkout are yet to come. Kindhumans seem to be sold on the enhanced value propositions that will be opened up to merchants in future versions of Nimiq Checkout. The first ongoing research effort is Nimiq OASIS, which stands for the Open Asset Swap Interaction Scheme. This is a blueprint for a crypto-to-fiat bridge, which makes fiat currencies like the Euro behave as if it were a token on the blockchain. In short, Nimiq OASIS aims to provide a new way of connecting the crypto world with the traditional banking network. To give you an idea of the gravity of this technological solution, Cardano (ADA) Founder, Charles Hoskinson went on record in March 2019 to say: What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account Team Nimiq have already announced that they plan to integrate Nimiq OASIS into Nimiq Checkout and offer integrated merchants the ability to accept payments in Bitcoin, Ethereum and NIM in a completely non-custodial way. Nimiq Checkout Overview This will all be settled in Euros directly to their SEPA instant bank accounts. This means that Nimiq Checkout integrators like Kindhumans can benefit from: Making new sales by accepting cryptocurrency through using the first non-custodial multi-crypto solution. The result is that merchants with no technical knowledge can accept crypto in their store and get Euros paid directly into their SEPA bank accounts quickly - all this without even touching any crypto.Cryptocurrencies are volatile and can swing wildly in price. Nimiq OASIS provides a solution to practically eliminates the volatility risks associated with merchants accepting crypto.In short, Nimiq OASIS aims to solve two of the main problems holding back merchant adoption: The volatility of crypto and making it much simpler for merchants to accept this new form of payment. With Nimiq OASIS set to be rolled out in 2020, it much easier to see why Kindhumans opted for Nimiq Checkout integration today and pass on the numerous other crypto merchant solutions out there. What's Backing Up Nimiq OASIS?Anyone who has been in crypto for a while will know that crypto projects tend to over-hype ‘technological innovations’ on the horizon and end up failing to deliver. However, with Nimiq OASIS, there appears to be some serious substance behind the research effort. Nimiq announced in early 2019 that it had formed a strategic partnership with German owned WEG Bank. This was given further weight by Nimiq acquiring a 9.9% stake in the bank and joining other stakeholders like Litecoin and TokenPay. Nimiq & Ten31 Collaberation. Image via Ten31.com The key thing to know here is that the WEG Bank and Nimiq relationship is focused on Nimiq OASIS. Via WEG Bank, Nimiq OASIS would be able to leverage the SEPA instant banking network and this would extend the reach of OASIS to over 2,000+ banks in 20 different countries. WEG Bank also recently announced the launch of its crypto-focused banking unit called TEN31. Nimiq is heavily featured on the new site and this seems to indicate the vital role Nimiq will play in the future of TEN31 bank and the delivery of banking solutions to crypto-focussed businesses. More Businesses Getting Involved?In October 2019, TEN31 Bank announced that Salamantex, a prominent crypto point of sale terminal provider, had also become a 9.9% stake stakeholder in the bank. The result is that TEN31 and WEG Bank are now 40% owned by crypto-focused businesses. Tweet Announcing Collab With Salamantex. Image via Twitter No official statement has yet been released. However, it would not be surprising to hear in the near future that Salamantex was planning to integrate Nimiq OASIS technology into its sales terminals and extend the reach of Nimiq OASIS to real world stores too. So, when will Nimiq OASIS be ready? The Nimiq team have already stated that the first test transactions should be complete by the end of 2019 and that the technology should be rolled out in 2020. These timeframes are also supported by information on the TEN31 website. Addressing Scaling Issues With AlbatrossScaling is a massive problem faced by almost every crypto payment system and Nimiq is no different. However, Nimiq’s second major research effort is the Albatross proof-of-stake consensus algorithm which focuses on solving that very problem. This is being pursued in collaboration with Trinkler Software and a technical paper has already been published. What’s astonishing is that the initial findings are that Albatross will achieve a performance close to the theoretical maximum of a single-chain protocol. Albatross PoS Consensus Mechanism The reason why this is important for Nimiq OASIS is that the process will use the Nimiq blockchain. This means that if Nimiq Checkout is adopted at scale, that the Nimiq blockchain will need to be capable of processing an ever increasing number of transactions, potentially causing a bottleneck. Currently, the Nimiq blockchain is capable of processing 7 transactions per second (the same as Bitcoin). However, with the testing of Albatross already in progress and its integration into Nimiq 2.0 scheduled for Q2 2020, it is expected that the Albatross improvements would see the Nimiq blockchain being capable of 1,000+ transactions per second. To place that into context, that’s an average five times more than PayPal has to manage. The key thing to know here is that if Nimiq’s OASIS powered multi-crypto merchant solution really takes off, then Albatross is set to play a key role in ensuring that those crypto-to-fiat conversions remain quick for merchants. Is Nimiq an Interesting Project?We consider Nimiq to be a hidden gem that’s flying under the radar of the crypto community. If you want to learn more, why not watch our deep dive video into the project? ConclusionLike it or not, crypto still has a massive reputation problem amoungst a mainstream audience. Yes, that the link between crypto and criminality is likely to fade over time. However, before crypto can truly be mass adopted, it needs to achieve mainstream acceptance. We believe that the key to changing that viewpoint is being able to show the doubters tangible examples where blockchain tech has been embraced and adopted to support good causes. That’s where progressive ethical companies like Kindhumans can add tremendous value and help power forward crypto adoption. It is also why you should consider supporting businesses like Kindhumans and show the mainstream the true spirit of the crypto community. If we can pull together and create that positive news-flow, then it will surely bring us one step closer to the mass adoption that so many in the crypto community wants. The future and speed of wider adoption could very well be in your hands. Will you sit idly by or will you do your bit to help break the link between crypto and criminality? That’s on you to decide. |
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2026-06-24 22:29
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2024-03-13 22:21
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Unlocking the Future: Experts Price Predictions for STORJ, XRP, BTC, TAMA, HBAR, ETH and PI | CoinGecko News | |
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Table of contentsOverview: In the fast-paced realm of cryptocurrency, insightful Storj price predictions and XRP price predictions are invaluable for investors aiming to capitalize on digital assets. This guide not only covers the Bitcoin price prediction but also delves into the emerging tokens with Tamadoge price prediction and HBAR price prediction, rounding off with an analysis on the Ethereum price prediction. Storj Price Prediction: A Glimpse Into the Future Storj price prediction reveals the potential for significant growth as decentralized storage gains traction. By understanding the factors that could drive Storj’s value, investors can make strategic decisions, highlighting the importance of accurate Storj price predictions in crafting a profitable investment portfolio. XRP Price Prediction: Beyond the Challenges Given its legal battles, *XRP* price prediction becomes a complex, yet intriguing topic. This section not only provides an XRP price prediction but also offers insights into the currency’s resilience and potential for recovery, aiding investors in navigating the volatility of the crypto market. Bitcoin Price Prediction: The Benchmark of Cryptocurrencies As the flagship cryptocurrency, Bitcoin price prediction serves as a market indicator. This analysis explores how global economic factors and adoption rates affect the *BTC* price prediction, offering a roadmap for investors looking to maximize returns on Bitcoin investments. Tamadoge Price Prediction: The Rising Star The Tamadoge price prediction underscores its potential in a market hungry for innovation. As we unravel the Tamadoge price prediction, it’s clear that this crypto brings more than just speculative value, suggesting a bright future for those investing early. HBAR Price Prediction: A New Era of Efficiency HBAR price prediction highlights its unique technological foundation and market position. This segment not only focuses on HBAR price prediction but also on Hedera Hashgraph’s potential to redefine transactional processes, presenting a compelling case for HBAR investments. Ethereum Price Prediction: Steering the Smart Contract Revolution Ethereum price prediction is crucial as it transitions to proof-of-stake. With Ethereum’s influence on decentralized applications, the *ETH* price prediction offers insights into how this major shift could impact its value and the broader blockchain ecosystem. Pi Network Price Prediction: Streamlining Crypto Mining Pi Network price prediction is essential as the Pi coin is influenced by large supply and limited demand, with over 47 million users mostly unable to sell. Despite potential uses, expected mainnet launch sell-offs and regulatory issues could impact its overall growth. Embracing the Cryptocurrency Movement By closely examining Storj price predictions, XRP price predictions, Bitcoin price predictions, Tamadoge price predictions, HBAR price predictions, Ethereum price predictions and Pi Network price prediction, investors are better equipped to navigate the complexities of the crypto market. These predictions serve as a compass, guiding through the volatile yet rewarding landscape of cryptocurrency investment. AUTHOR Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space. |
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Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purge | CoinGecko News | |
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Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purge |
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Altcoin Season To Hit in Q3? Korean Crypto Survey Points To Rally | CoinGecko News | |
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Altcoin Season To Hit in Q3? Korean Crypto Survey Points To Rally |
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Chainlink, Bitcoin Diamond fail to shine as Cosmos, KNC gain toehold | CoinGecko News | |
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Posted: February 23, 2020Despite the fact that the altcoin market managed to significantly push Bitcoin’s dominance to 62.7% this month, this asset class is still far behind. While many alts posted significant gains over the last month, most of them quickly retraced to below their support levels. Chainlink [LINK] LINK, the cryptocurrency powering blockchain project Chainlink, attempted to break its 2019 high this month after it significantly rose to breach critical resistances along the way. However, the coin soon suffered a decline of 16.31% after it fell from $4.9 to $4.1 over the past week. At press time, the coin, which was the best performer in USD markets during 2019, was down by 3.72% over the last 24-hours and was priced at $4.26 as the bulls struggled to retain their previous glory. Additionally, LINK held a market cap of $1.49 billion and a 24-hour trading volume of $319.4 million. Bitcoin Diamond [BCD] This fork coin of Bitcoin has not had any significant developments over the last couple of months. Despite that, the latest rally managed to push Bitcoin Diamond’s valuation to new highs. This, however, did not last long. The coin fell shortly after exhibiting a decline of 9.8% over the past week. To top that, BCD was down by 3.18% over the last 24-hours and was priced at $0.077 as its market cap stood at $138.4 million with $8.5 million in trading volume over the last 24-hours across 21 exchanges. Cosmos [ATOM] On a positive note, ATOM continued posting gains after slipping close to the key support area and was up by 17.56% over the last week. Moreover, the coin rose by 3.46% over the last 24-hours and was trading at a price of $4.86. It held a market cap of $926 million and a 24-hour trading volume of $300 million. Besides, Jae Kwon, Co-founder and CEO of Tendermint, the company behind the development of Cosmos SDK, had previously revealed that he will step down from his role at Cosmos to work on a daughter project. This piece of news may have had an effect on its price. Kyber Network [KNC]: Kyber Network token [KNC] was also up by nearly 3% in the last 24-hours as leading crypto-exchange Coinbase announced the launch of KNC in Coinbase’s supported jurisdictions, with the exception of New York State and the United Kingdom. According to the official release, Coinbase users would be able to deposit the token by 24 February. Following the announcement, KNC climbed to $0.57 and held a market cap of $99.7 million. Additionally, it registered a 24-hours trading volume of $31.58. Interestingly, the coin was up by 65% over the past week. |
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Verge plunges; VeChain, Bitcoin Diamond, Monero look set for further gains | CoinGecko News | |
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Posted: February 24, 2020Bitcoin’s dominance in the cryptocurrency market has fallen over the past few weeks, with the same recorded to be 62%, at press time. This was in light of the altcoin rally that took up much of 2020. However, it has since simmered and only a few altcoins have managed to retain their position, when compared to Bitcoin. Verge [XVG] Verge [XVG], which was among the 8 new crypto-assets to be added to the conversion function on Binance, has seen exponential highs after posting gains of 10.48% over the past week. Verge saw a steep rise in the price. However, the latest chart suggested that the coin might be re-entering the bearish zone. XVG was valued at $o.0046, at press time. After a decline of 5.51% over the past 24-hours, the coin held a market cap of $75.20 million and registered a trading volume of $1.37 million. VeChain [ VET] Over the past month, VeChain’s social engagement metrics have reportedly been very heavy with spikes as high as 3,520,412 engagements per day, according to the crypto-insights provider LunarCRUSH. Additionally, the latest altcoin rally propelled VeChain to shoot up to highs not seen since December 2019. The coin breached its crucial resistance along the way, however, it took a plunge of 8.05% over the last seven days, following which VET bulls found support at the $0.005 level. At press time, VET registered a market cap of $379.3 million and was priced at $0.0068. After gaining by 3.93%, the coin recorded a 24-hour trading volume of $188 million. Bitcoin Diamond [BCD] This fork-coin of Bitcoin did manage to post some impressive gains this month and was up by 16.78% over the last week. However, the coin failed to regain its foothold as it ended up trading below the previously breached resistance point of $0.76. The coin found its support at $0.57. At press time, Bitcoin Diamond [BCD] held a market cap of $145.3 million and was trading at $0.77 after a surge of 4.45% in the last 24-hours. Additionally, the fork-coin registered a trading volume of $7.70 million over the same time period. Monero [XMR] The most popular privacy coin, Monero also gained traction during the latest bull run. The privacy-centric coin was recently added to the list of cryptocurrencies supported by Monaco-based crypto startup Bitsa. XMR bulls noted a significant upward momentum as it posted 12.12% gains over the past week. Additionally, it was up by 4.68% over the last 24-hours and was priced at $84.18, at press time. XMR held a market cap of $1.46 billion and a 24-hour trading volume of $143.8 million. |
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Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work? | CoinGecko News | |
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Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work? |
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VeChain, Bitcoin Diamond, Bitcoin SV price: Altcoins exhibit mixed signals | CoinGecko News | |
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Posted: March 30, 2020Despite the fact that the cryptocurrency realm extends far beyond Bitcoin, however, the king coin’s lesser-known fork coins, as well as other altcoins, have continued to mimic its price actions. Furthermore, these coins have exhibited mixed signals as the bearishness continued to weigh in the market. Bitcoin SV: The contentious fork coin, Bitcoin SV [BSV] has been engulfed in controversies for a long time. From being delisted from major crypto exchanges last year to anonymous miners allegedly controlling over 55% of the network’s hash rate, controversies keep courting it. As investors were eyeing the upcoming block reward halving, the coin’s price has been sending mixed signals. At press time, BSV was trading at a price of $154.38 after a minor decline of 0.64%. Additionally, it registered a market cap of $2.83 billion and a 24-hour trading volume of $1.721 billion. MACD: MACD indicator was bullish for BSV’s near future with the signal line hovering below. Chaikin Money Flow: The CMF, on the other hand, was in the bearish zone. Resistance: $251.93, $314.5 Support: $81.64 Bitcoin Diamond: The late-2017 hard fork of the king coin, BCD has posted huge gains at the start of 2020 failing miserably to do so in the previous year. However, this uptrend was short-lived as market indicators exhibited an uncertain future for the coin. At press time, Bitcoin Diamond changed hands at $0.442 after a drop of 2.68% over the last 24-hours as it held a market cap of $82.50 million and a 24-hour trading volume of $11.39 million. Parabolic SAR: The dotted markers below the BCD candles indicated a bullish signal. Awesome Oscillator: The red closing bars, however, suggested a bearish trend for the fork coin. Resistance: $0.647, $0.847 Support: $0.305 VeChain: In a bid to bolster the adoption of VET, VeChain Foundation announced the listing of its native token on the South Korean crypto exchange UpBit. Developments on its technical side have failed to recuperate the price of the coin significantly even as slight hints of revival seemed to be on the cards. VET, at press time, was priced at $0.0029 with a market cap of $161.1 million. Additionally, the crypto recorded a trading volume of $79.32 million after a minor decline of 1.39% over the past 24-hours. Klinger Oscillator: KO was bullish for VET token with the leading line hovering above the signal line. Relative Strength Index [RSI]: The RSI appeared to be heading towards the 50-median neutral zone. This was indicative of a potential revival in interest among the investors in the VET market. Resistance: $0.0039, $0.0047 Support: $0.0022 |
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IOTA put in the shade as Monacoin, Bitcoin Diamond perform well | CoinGecko News | |
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Posted: April 3, 2020Monacoin and Bitcoin Diamond are leading the way with respect to their relative performance against the likes of IOTA. With over 50% in gains over the last 90 days for both MONA and BCD, IOTA doesn’t even come close since its price change was recorded to be -11%. Source TradingView IOTA Perhaps, the aforementioned poor performance of IOTA was due to the attack on the Trinity wallet, an attack which resulted in the theft of 8.55 Ti in IOTA tokens from a total of 50 user accounts. However, since then, the coordinator has been rebooted. IOTA, however, is higher in terms of market cap [$412 million] and ranking [24], when compared to BCD and MONA, despite the fact that the performances aren’t at par. With the formation of an ascending triangle and the MACD indicating a bullish crossover, hopefully, the token will register some profits. Monacoin Monacoin is the 53rd largest crypto on CoinMarketCap with a market cap of $79 million and a 24-hour trading volume of $3.6 million. At press time, the price was $1.21 and the token was struggling to firmly breach the 200-DMA, a level which was acting as a resistance. The 50-DMA [light blue] was heading close, indicating further bearish pressure. The scenario, at press time, seemed bearish, with a confluence of resistance. Bitcoin Diamond Bitcoin Diamond, a fork of Bitcoin, has been performing considerably better, especially as it started rising after the recent collapse. At press time, BCD was trading at $0.482 with a market cap of $89 million. Stuck between $0.518 and $0.409, the coin was trying to be bullish. The RSI indicator also showed that it was struggling to reach the overbought zone. Over the next week, the price might try to breach $0.518 and head higher. |
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Bitcoin Forks Explained, Which Ones Are Worth Claiming? | CoinGecko News | |
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There have been a number of Bitcoin forks over the years. But how many? The total is staggering, with over 50 forks on record.What Is a Bitcoin Fork? A Bitcoin fork is a cryptocurrency that split away from Bitcoin at a certain block height. Transaction histories are shared up until the time of the fork, with the new coin then splitting off onto its own blockchain. There are two kinds of forks: soft forks and hard forks. A soft fork is backwards compatible, meaning it is a software update that is compatible with earlier versions of the blockchain. A hard fork is not backward compatible. Any blocks following a hard fork need to follow the new rules to be considered valid. The Bitcoin network itself has undergone a number of soft forks, with software updates including preventing duplicate identification hashes and introducing lock times for individual transaction outputs. Namecoin, created in 2011, was the first fork of the Bitcoin software. Bitcoin XT and Bitcoin Classic (BXC) were earlier forks of the Bitcoin network reference client, released in 2015 and 2016, respectively. Most cryptocurrency projects that are well-known off-shoots of Bitcoin often followed contentious debates around the direction of the code. Bitcoin Cash was the first high-profile hard fork of Bitcoin and was created in mid-2017. It is regarded as a contentious fork, meaning it occurred because there were competing visions about the future development of the network. A List of Bitcoin Forks Most hard forks of Bitcoin occurred between late 2017 and early 2018. The period was remarkable because it coincided with the ICO frenzy. The rate at which new tokens were created made it difficult to keep up with the changes. Advertisement Bitcoin saw its first four hard forks on the same day of Aug. 1, 2017. The Bitcoin Cash Fork Bitcoin Cash (BCH) came into existence at block height 478,559. It was a divisive and contentious split, led by those who believed in increased block sizes. The new protocol increased block sizes to 8MB. Technically, Bitcoin Clashic and Bytether were created a block before it. Following at block height 498,888 on the same day, Oil BTC was created. The Bitcoin Gold Fork Bitcoin Gold (BTG) was the next high-profile project to fork from Bitcoin. The coin split away at block height 491,407 on Oct. 10, 2017. The aim of Bitcoin Gold was to create a new version of Bitcoin that would “democratize” mining by changing Bitcoin’s proof-of-work algorithm. The next month, Bitcore (BTX) and Bitcoin Diamond (BCD) were created. Bitcoin Diamond was designed to build a network more resistant to attacks and to enhance network capacity. December 2017 Bitcoin Hard Forks In the month of December of 2017, almost 20 new coins were created through hard forks from Bitcoin: Bitcoin Silver (BTSI) Bitcoin Nano (BTN) BitcoinX (BCX) Super Bitcoin (SBTC) Bitcoin Hot (BTH) UnitedBitcoin (UB) Bitcoin World (BTW) Bitcoin Stake (BTCS) Lightning Bitcoin (LBTC) Bitcoin Faith (BTF) Bitcoin New (BTN) Bitcoin Top (BTT) Bitcoin File (BIFI) Bitcoin God (GOD) Quantum Bitcoin (QBTC) Bitcoin SegWit2X x11 (B2X) Bitcoin Uranium (BUM) BitcoinBoy (BCB) Bitcoin Ore (BCO) Many of these late 2017 coins are no longer in circulation and some were considered a scam at the time of their creation. However, projects like Super Bitcoin remain trading on 12 active markets. Bitcoin Forks of Early 2018 As the heat cooled on crypto markets in the beginning of 2018, forks continued. In the first few months of the 2018 bear market: Bitcoin All (BTA) Bitcoin Private (BTCP) Bitcoin Pizza (BPA) Bitcoin Rhodium (BTR) Bitcoin Smart (BCS) BitVote (BTV) Bitcoin Interest (BCI) Bitcoin Atom (BCA) Bitcoin Lite (BTCL) were created. Bitcoin Private was forked from ZClassic and Bitcoin. It supports zk-SNARKs, masking the details of the sender and recipient of a transaction. This list is not exhaustive. As Bitcoin is open source code, any developer can fork it and create a new cryptocurrency. According to research from BitMEX, there were a total of 44 forks in the mid-2017 to early-2018 period. Only Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold, and Bitcoin Private saw significant trading volume. Forks of Forks A number of Bitcoin forks have undergone another subsequent fork. The highest profile of these was Bitcoin SV (Satoshi’s Vision). BSV forked from BCH at the end of 2018, creating listings of BCHABC and BCHSV, Both sides battled in the hash wars to determine which coin would dominate. The Bitcoin Cash split was also over the issue of block size, with the SV team favoring even larger blocks. Bitcoin SV claims to be the closest Bitcoin-named blockchain to Satoshi’s “original vision” of peer-to-peer electronic cash, or so its creators claim. Bitcoin has forked a number of times. Sometimes it has arisen from genuine ideological or technological differences. Other times, it has been rather uncontentious, with a group of developers seeking the marketing power of the Bitcoin name. Which Forks are Worth Claiming? All told, there have likely been over 50 Bitcoin forks. More could still be created over time. Today, there is a total of nine Bitcoin forks that see any trading volume at all. The forks worth claiming, at current prices: Bitcoin Cash (BCH): $219 Bitcoin SV (BSV): $166 Bitcoin Gold (BTG): $7.2 Bitcoin HD (BHD): $5.1 Bitcoin Rhodium (XRC): $4.1 Of those, only Bitcoin Cash, Bitcoin SV, Bitcoin Gold, and Bitcoin Diamond see significant trading volume. Disclosure: This article was edited by Paul de Havilland. For more information on how we create and review content, see our Editorial Policy. |
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Bitcoin Forks Flounder Despite Imminent Halvings | CoinGecko News | |
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Bitcoin Forks Flounder Despite Imminent Halvings |
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How to Report Bitcoin Forks and Ethereum Airdrops on Your Taxes | CoinGecko News | |
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The advent of Bitcoin, Ethereum, and other cryptocurrencies has introduced unprecedented ways to distribute new assets, creating complex tax situations. Here’s how to account for forks and airdrops, and a few strategies to minimize taxes.There is little precedent when it comes to taxes around forks and airdrops. “In the traditional world, nobody airdrops anything. The dollar doesn’t fork every Tuesday,” said Alon Muroch, CEO of crypto accounting platform Blox, in an interview with Crypto Briefing. Ruling from other regulatory agencies adds to the complexity. By the letter of the law, many cryptocurrencies are not considered money, or commodities, but instead securities—investments that represent a contract between a buyer and an enterprise. “You should start with the assumption that you’re starting with a securities offering,” said SEC Chairman Jay Clayton. Failing this assumption, or misinterpreting the rule of tax law, has led to “a majority of companies filing incorrectly,” LukkaTax’s co-CEO, Robert Materazzi, told Crypto Briefing, who claims that most portfolio apps that link to a tax service are doing so incorrectly. FinCEN has issued its own guidelines around money transmitter rules for cryptocurrency, treating crypto like cash for anti-money laundering purposes. Meanwhile, the Commodities Future Trading Commission treats Bitcoin as a commodity. The U.S. Internal Revenue Service treats it as property. Ethereum falls somewhere in the middle. Between the regulators, it’s one confusing mess of three and four-letter acronyms giving mixed messages. What Is a Blockchain Fork? A fork is a software change that creates two separate versions of the same blockchain. Most often, forks are used to introduce upgrades, where the old version of a blockchain is replaced by the new one as soon as the fork is executed. Occasionally, however, forks are used to settle disagreements over technical features, like the block size debate that lead to Bitcoin Cash. Other times, it’s about governing philosophy, like in Ethereum Classic. Yet other times it’s about taking advantage of a brand name, like Bitcoin Diamond. They’re an integral part of what makes a decentralized blockchain, well, a blockchain. Forks happen all the time. Since inception, Bitcoin alone has had over 50 forks. To make matters worse, holders often aren’t aware that a fork has even taken place and many coins go unclaimed. Nevertheless, the IRS views forks as taxable events. Understanding Token Airdrops Airdrops are another situation where money falls out of thin air. In an airdrop, coins are “carpet bombed” to thousands, or even hundreds of thousands of cryptocurrency addresses as part of marketing campaigns, said Muroch. One example of a massive airdrop was the one executed by Stellar, a cryptocurrency created by XRP co-founder Jed McCaleb. In September of last year, the Stellar Foundation announced it would airdrop 2 billion XLM, worth over $120 million at the time. An unprecedented sum. Again, like forks, the owner of a cryptocurrency address that benefits from an airdrop is often unaware of the windfall. Many times they do not even consent to receiving an airdrop. “You’re not always aware that you receive assets from a fork. You can couple that with airdrops, not just forks,” said Muroch. “All those holders had taxable events because someone in the marketing department decided to use that as a marketing tool.” Tax Implications of Forks and Airdrops Consent aside, the IRS has voiced its position on forks and airdrops. “The receipt or transfer of virtual currency for free, including from an airdrop or following a hard fork,” needs to be reported for tax purposes, says the IRS. The power to collect taxes from these events, even crypto, come from broad powers given to the government over a century ago. “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived,” reads the 16th amendment. The IRS has offered some clarity concerning the confusion. In October 2019, the agency issued a ruling on the issue. Crypto holders recognize income when they “exercise dominion and control over the cryptocurrency” received through a fork or an airdrop, according to the rules. That is, when a holder gains the ability to transfer or sell the cryptocurrency. Wendy Walker, a tax withholding and reporting expert at Sovos, a tax reporting software company, reaffirmed this position in a conversation with Crypto Briefing. Forks are treated as “ordinary income,” and the specific amount of tax liability would depend on the valuation scheme the taxpayer is using, she said. By default, coins are valued using the FIFO, or “first in first out,” method of accounting, where the oldest units of cryptocurrency are used to determine the cost basis, said Jim Calvin, a tax partner at Deloitte. Advertisement Though there are other valuation methods that may produce less tax liability, like LIFO or average cost, and these are viable so long as they are consistently applied. If this all seems confusing, an example might help illustrate the tax implications. Using the Bitcoin Cash Fork as an Example Bitcoin Cash split from the Bitcoin network on Aug. 1, 2017, to settle a disagreement over the block size, which essentially determines the upper limit to how many transactions can be processed by the Bitcoin network in a roughly a 10 minute interval. Those who held their private keys prior to the chain-split received a number of BCH equal to the number of BTC they held. Bitcoin was trading at $2,800 the day of the fork. Immediately after the split, Bitcoin Cash opened on exchanges at $290. A taxpayer who had received BCH would recognize $290 in income, which would also determine the cost-basis of the BCH. Later the next day, if the taxpayer sold their Bitcoin Cash when it was trading at $380, they would recognize capital gains of $90: $380 - $290 = $90 Hypothetically, if the price of Bitcoin dropped as a result of the fork, it might be possible to offset some of the income from the fork, but the rules around this are unclear. Tron’s Ethereum Airdrop as an Example Another example to demonstrate the recognition of income is when Tron airdropped 30 million TRX to Ethereum holders. Announced April 2018, Ethereum addresses with a balance of one or more ETH received between 10 and 100 TRX. TRX was trading at $0.5 on the day of the airdrop, April 20, 2018. Assuming an address received 50 TRX, the Ethereum holder would recognize income of $25 on that day ($0.5 x 50). To illustrate the impact of FIFO, if those coins were received over a series of days (from the 20th to the 22nd, for example), then the following accounting would take place: April 20: 50 TRX at $0.5 each ($25) April 21: 50 TRX at $0.6 each ($30) April 22: 50 TRX at $0.7 each ($35) In all, the account holder received $90 worth of TRX, and would recognize this sum as revenue. Hypothetically, if they sold 60 TRX at $0.7, they would recognize gains from the oldest batches of coins first under FIFO. The April 20 batch as the “first in” would get sold first, for reporting purposes. The 50 TRX with a cost basis of $0.5 each and sold for $0.7 each would register a gain of $10: (50 x $0.7) - (50 x $0.5) = $10 Then, it would take 10 TRX from the batch from April 21, which were obtained at $0.6 each: (10 x $0.7) - (10 * $0.6) = $1 In total, the taxpayer would recognize capital gains of $11, in addition to the $90 of income from the three batches of airdrops. In some circumstances, especially for those who trade often, it can be advantageous to use the LIFO method which takes the newest coins first, allowing some of the coins held for more of the year to get preferential long-term capital gains treatment. Issues Raised by Airdrops Airdrops are an issue for holders of Ethereum and other smart contract blockchains. Even if the owner of the address did not consent to receiving the tokens they would still incur tax liability. Oftentimes, Ethereum holders receive hundreds of unsolicited tokens at no fault of their own. Looking at Vitalik Buterin’s wallet address as an example, he has received over a hundred unsolicited airdrop coins worth thousands of dollars. Vitalik Buterin’s main wallet address on Etherscan If the rules are to be followed by the book, each and every one of these airdrops would be recognized as revenue on the date of receipt. Further complicating the issue is that many of these coins are not traded on reputable exchanges, meaning their prices are unreliable. In the end, this results in an accounting headache and an unwanted tax liability for holders of Ethereum, Tron, EOS, and other smart contract coins. IRS Ramps Up Crypto Enforcement These tax agencies mean business. Regulators are well aware of cryptocurrency’s role in aiding tax evasion and money laundering. Those who think they can get away without paying taxes are at risk of an audit, along with steep penalties. Transactions on the Bitcoin blockchain are public, for the most part. It’s only a matter of time before the IRS is able to trace these transactions back to taxpayers, Walker told Crypto Briefing. More alarming is that more than 50% of CPAs expect that at least half of their clients will be audited for back taxes on their crypto holdings, according to a joint report by Blox and Sovos. Reputable exchanges report activity from crypto traders to the IRS. Coinbase, Kraken, Binance.US, and Gemini all disclose this information to tax agencies, making evasion difficult. In June of last year, the IRS mass mailed targeted letters to taxpayers suspected of “misreporting” cryptocurrency transactions. British tax authority HM Revenue & Customs has issued similar warnings. “Cryptoassets like Bitcoin have attracted a lot of interest from people who are new to investing and have probably never filed a tax return in their life. It’s really important for investors to start doing the maths now so they know how much profit they’ve made and the tax due,” said Iqbal Gandham, UK managing director of eToro. These authorities are serious, and it’s likely they’ll continue to crackdown on those intentionally and unintentionally underpaying on their taxes. Caveats and Strategies Around Cryptocurrency Income Recognition There are, however, some caveats. Exchanges don’t always immediately recognize forks as tradable assets, and many do not register airdrops at all. This can be used to the taxpayer’s advantage. Coinbase, for example, did not offer support for BCH for a full four months after the fork. As a result, holders wouldn’t recognize income until they could “exercise control” over the asset. That is, until they could transfer and trade it. So, for those trading on Coinbase, income wouldn’t be recognized until that date, when Bitcoin Cash was worth over $2,500 per coin (instead of $290 per coin). This fact can be used as a tool to reduce tax liability. By storing coins on an exchange, a holder can avoid getting bombarded by airdrops, which would normally trigger taxable events. To take advantage of this, an investor could store coins on an exchange and wait until their income drops to claim those coins (supposing they waited until they could offset their gains by selling some coins at a loss, or expected less income in a coming tax year). How to Report Forks and Airdrops on Your Taxes In sum, here’s how to report forks, airdrops, and capital gains on a tax return. The following exercise uses the Bitcoin Cash fork and Tron airdrop from the earlier examples. The entire process requires four different IRS forms. These include the following: the 8949: Sales and Other Disposition of Capital Assets, the Schedule 1: Additional Income and Adjustments to Income, the 1040, Schedule D: Capital Gains and Losses, and the 1040: Individual Income Tax Return. Assuming the taxpayer received 1.0 Bitcoin Cash from the fork and 50 Tron from the airdrop in the earlier example, first fill out the Schedule 1 as follows: ($290 x 1 BCH) + (50 TRX x $0.5) = $315 Then, for the capital gains associated with the sale of the Bitcoin Cash, itemize each sale and report it on form 8949. For those who trade regularly attaching a spreadsheet can greatly speed-up the process. (Sale price: $380) - (Price at fork: $290) = $90 gain The sum of these cryptocurrency sales are then reported on Form 1040, Schedule D. Finally, input these figures on the 1040 form with all other sources of income: (Capital Gains: $90) + (Fork and Airdrop Income: $315) = $405 total income Between the fork, the capital gain, and the airdrop, this taxpayer would have $405 in additional total income. At first glance, it may seem that reporting tens and sometimes hundreds of cryptocurrency transactions would be daunting. It is, without the aid of spreadsheets or software. But, with enough diligence, it’s possible to report these transactions yourself. Beyond that, those who plan in advance can even reduce how much they owe, allowing them to keep more of their hard-fought gains. For more information on proper filing, refer to official guidance from the IRS and their frequently asked questions guide. The information presented here does not represent tax advice. Please consult with a professional before making decisions about your taxes. Disclosure: This article was edited by Mitchell Moos. For more information on how we create and review content, see our Editorial Policy. |
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Bitcoin Diamond Hands Weaken As HODLers Sell 669,000 BTC | CoinGecko News | |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureOn-chain data shows the Bitcoin long-term holders, or so-called “diamond hands,” have transferred a total of 669,000 BTC over the past month. Bitcoin Long-Term Holders Have Sold Big In Past 30 Days As explained by CryptoQuant Netherlands community manager Maartunn in a post on X, the Bitcoin network has observed multiple transactions involving a large amount of dormant coins. Transfers involving old coins are attributed to the “long-term holder” (LTH) cohort. The LTHs refer to the BTC investors who have been holding onto their coins since more than 155 days ago. Statistically, the longer an investor holds onto their coins, the less likely they become to sell or transfer the tokens at any point. As such, the LTHs are considered the more resolute part of the market. These HODLers don’t easily sell due to this strong conviction and swiftly ride past both periods of downtrends and uptrends. The short-term holders (STHs), who make up for the rest of the sector, are the ones who make panic moves during such periods. As the LTHs don’t often sell, the times that they do participate in distribution can be all the more note-worthy. One way to track whether these holders are selling or not is through their 30-day “net position change,” which is a metric that keeps track of the net amount exiting or entering the cohort. Below is the chart shared by Maartunn that reveals the trend in this Bitcoin indicator over the history of the cryptocurrency: The value of the metric appears to have been highly negative in recent days | Source: CryptoQuant As displayed in the above graph, the 30-day net position change of the Bitcoin LTHs has assumed a deep red value recently. In the past month, these HODLers have removed 669,000 BTC from their wallets. Something to keep in mind is that when it comes to accumulation, the net position change has a delay attached to it. This is because the LTH supply only increases 155 days after the purchase has been made, since the newly bought coins have to first mature enough to be a part of this age group. In the case of distribution, though, the same is obviously not true, since any coins that get transferred on the blockchain have their age reset back to zero instantly. The recent negative net position spike for the LTHs is quite big. To put things into perspective, the BTC amount that these diamond hands have transacted with this spike is equal to around $44.7 billion in the US Dollar, a staggering value. It would seem that the latest events of the cryptocurrency, which have included a brand new all-time high (ATH) and a crash, have forced even these diamond hands to break their streak. From the chart, it’s visible that the LTHs have sold big when new Bitcoin ATHs have been set in the past bull rallies as well. Interestingly, though, the peak of these spikes has only coincided with a price top partway through each run, and not the actual cycle peak. In BTC-scale, the negative 30-day net position spike from the LTHs has been smaller this time than both that observed during the 2017 and 2021 bull runs. This is only the case so far, however, as it’s unclear whether the peak LTH net distribution has ended or not. BTC Price Bitcoin has been making another attempt at recovery during the past few days as its price has now surged back towards the $67,000 level. Looks like the price of the asset is trying to make recovery | Source: BTCUSD on TradingView Featured image from Vasilis Chatzopoulos on Unsplash.com, CryptoQuant.com, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. |
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2024-08-07 10:00
1yr ago
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Bitcoin HODLers Still Selling At Profit Amid Short-Term Holder Capitulation | CoinGecko News | |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureOn-chain data shows Bitcoin HODLers are still able to sell at a profit while the weak hands are going through a major capitulation event. Bitcoin Diamond Hands Still Comfortably Selling At A Profit As pointed out by CryptoQuant Head of Research Julio Moreno in a new post on X, the BTC short-term holders have capitulated during this latest downturn in the market. The “short-term holders” (STHs) make up for one of the two main divisions of the Bitcoin userbase done on the basis of holding time, with the other group being called the “long-term holders” (LTHs). The cutoff between the two groups is 155 days, with investors who have been holding since less than this time falling into the STHs and those with more qualifying as LTHs. Statistically, the longer an investor holds onto their coins, the less likely they become to sell or transfer them at any point. As such, the STHs represent the weak-minded side of the market, while the LTHs include the HODLers. During the latest crash, both of these cohorts have shown a reaction, but this reaction has been very different between the two. To showcase this difference, Moreno has made use of the “Spent Output Profit Ratio” (SOPR) indicator. The SOPR basically tells us about whether a given group is selling Bitcoin at a profit or loss right now. The metric being above 1 implies members of the group are realizing profits, while it being under suggests loss-taking is the dominant mode of selling. Now, here is a chart that shows the recent trend in the Bitcoin SOPR for the STH and LTH cohorts: The difference between the behavior of the STHs and LTHs | Source: @jjcmoreno on X As displayed in the graph, the Bitcoin STH SOPR has been mostly at levels under 1 during the latest drawdown in the price, implying that these investors have been selling at a loss. At its worst, the indicator had even fallen under the 0.8 mark, suggesting that the cohort had been taking a loss of more than 20%. Clearly, these fickle-minded hands were thrown into quite a panic by the crash. While the STHs have been capitulating, the LTHs are still participating in net profit-taking, as the SOPR for them has remained strong above the 1 level. The indicator even reached a notable level during the rebound BTC saw following its lows, suggesting that these diamond hands had sold for significant gains. Some STHs, too, had managed to take profits in this recovery, but as is visible in the chart, the metric had only slightly breached the 1 mark and that too just briefly, meaning that the profit realization hadn’t been anything significant and had lasted for only a moment. BTC Price At the time of writing, Bitcoin is trading at around $55,000, down more than 17% over the past week. Looks like the price of the coin has been sliding down recently | Source: BTCUSD on TradingView Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. |
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2026-06-24 22:28
1mo ago
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2024-08-30 23:30
1yr ago
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Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years | CoinGecko News | |
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Original source text
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureData shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most dormant BTC supply has been looking like recently. The supply in question is the one made up of the Unspent Transaction Outputs (UTXOs) that have aged past the five-year mark. In other words, this supply includes the coins of the investors who have been holding onto them since more than five years ago, without having sold or moved them from their wallets. The investors who have coins aged more than 155 days are popularly known as the “long-term holders” (LTHs), so this five-year old supply would represent the holdings of the especially aged LTHs. Statistically, the longer an investor holds onto their coins, the less likely they become to sell said coins at any point. As such, the LTHs are considered to be the resolute side of the market. The LTHs dormant since more than five years ago would then, of course, be the diamond hands among diamond hands. Something to note, though, is the fact that not all of this supply would actually be an indication of HODLing. The reason behind this is simple: the older the tokens become, the more likely they get to have become lost, whether by simply having their existence forgotten or by having their keys become inaccessible. Thus, as the supply in question is over 5+ years old, a part of it is probable to in fact never make it back into circulation. That said, the rest of it would have attained the age through sheer conviction. Below is a chart that shows the trend in the percentage of the Bitcoin supply that’s in this age bracket over the history of the cryptocurrency. Looks like the value of the metric has been going down in recent days | Source: IntoTheBlock on X As is visible in the above graph, the Bitcoin 5+ year LTH supply registered a decrease earlier in the year as some old investors woke up to collect their rally profits, but this decline was only slight, and since then, the indicator has been moving sideways. At present, the metric’s value stands at 30.7%, which means almost a third of the cryptocurrency’s entire supply in circulation hasn’t been moved in more than five years. For perspective, the five-year cutoff puts the earliest possible buying point for these coins back in August 2019. Thus, these investors have survived at least the COVID-19 crash, the 2021 bull market, the 2022 bear market, and now, the rally that first began in 2023. Given this resilience, it’s unlikely most of these investors would sell their Bitcoin under anything, but very special circumstances. BTC Price Bitcoin has seen a plunge of almost 4% over the last 24 hours, which has taken its price to $58,100. The price of the coin appears to have plunged recently | Source: BTCUSD on TradingView Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. |
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2026-06-24 22:28
1mo ago
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2024-10-18 20:20
1yr ago
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Bitcoin Diamond Hand Nets $13.55M, Total Profit Climbs to $44M | CoinGecko News | |
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Table of contentsA notable diamond hand investor recently sold 199 Bitcoin ($13.55 million) for a profit, according to data from Lookonchain. This transaction marks another significant move for the investor, who has made a series of profitable sales over the years. https://twitter.com/lookonchain/status/1847196510666346762?s=46 Bitcoin Investor Pulls $44M Profit After Strategic Sales Over 5 Years He pulled out 801 Bitcoin ($8.25 million) from HTX exchange five years ago when Bitcoin was only at $10,297. Since then, the individual has gradually been offloading parts of their holdings and within the last month they have disposed of 500 Bitcoin worth $32.13 million. At the moment, the investor owns 301 BTCs, which is equal to $20.42 million. The accumulative revenues from such transactions have now risen to about $44.28 million, further demonstrating their performance in terms of good holding gains and timed exit gains. Diamond Hand Investor’s Volatility Management Leads to Huge $BTC Profits This ‘diamond hand’ strategy is based on the investor’s confidence in Bitcoin’s fundamentals, while they are at the same time making good money out of short-term price movements. The fact that the investor has been selling considerable proportions of it especially when Bitcoin prices had skyrocketed in the months prior to the writing of this paper, affirms the investor’s volatility management, and portfolio health. Stories like this, from Lookonchain, show how Bitcoin attracts both retail and institutional investors, and may result in large gains for those who could afford to wait out the cycles. AUTHOR Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse. |
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2026-06-24 22:28
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2025-02-01 13:50
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Bitcoin Diamond Hands Sending Bullish Signal | CoinGecko News | |
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With Bitcoin (BTC) finally staying strong above $100,000, some traders might be already interested in taking profits from this crypto rally. Recent on-chain data analysis by CryptoQuant community author shows that long-term holders of digital gold are not in this cohort.Bitcoin (BTC) long-term holders are not selling; bullish?Long-term holders of Bitcoin (BTC), i.e., on-chain accounts that purchased BTC at least seven years ago, are not sending their holdings to exchanges yet. Such analysis was shared today, Feb. 1, 2025, by pseudonymous crypto researcher who goes by Crypto SunMoon, a featured CryptoQuant community author. According to him, during the 2017-2021 crypto rally, long-term holders started selling their riches right before the bullish phase ended. For now, we are nowhere near this stage yet, data says. As demonstrated by the researcher, the latest major inflows to centralized exchanges driven by long-term holders were registered in late Q1, 2024. However, they were not as impressive as those that accompanied the previous BTC all-time high in November 2021. HOT Stories You Might Also Like In some of the largest altcoins, similar processes are dominating on-chain supply. For instance, over 70% of both Ethereum (ETH) and Litecoin (LTC) owners have been holding their riches for 12 months minimum. As such, various groups of long-term holders are demonstrating confidence in the crypto rally, while the selling pressure comes mainly from "paper hands." USDT, USDC metrics look optimistic for Bitcoin (BTC) bullsWhile Bitcoin (BTC) inflows to exchanges look pale, major stablecoins, including USDT and USDC, are revealing the opposite trend. In the last three months, USDT supply on CEXes jumped by 40% and reached an all-time high over $43 billion. You Might Also Like The aggregated supply of stablecoins is also growing at an increased pace. Since early November 2024, it increased from $160 billion to $224 billion, as per CoinGecko data. While USDT remains the largest stablecoin, USDC is the fastest-growing one. Combined, their capitalization upsurges are also treated as a sign of a prolonged bull market for Bitcoin (BTC) and major altcoins. |
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2026-06-24 22:28
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2025-05-29 02:00
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Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market | CoinGecko News | |
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Original source text
Reason to trustStrict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure. Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr. The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price. Source: Axel Adler Jr on X In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders. This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024. Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone. Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily. What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000. At the time of writing, Bitcoin is trading at $109,000. BTC trading at $108,723 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com |
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2026-06-24 22:28
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2025-06-11 14:30
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Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise | CoinGecko News | |
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Reason to trustStrict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After days of testing a resistance zone at $106,000, Bitcoin has finally broken above the $107,000 mark to confirm a strong bullish momentum that has been building since early June. The breakout, which has seen Bitcoin reclaim $110,000 briefly in the past 24 hours, follows several failed attempts to close above this pivotal level. Technical analysis of the Bitcoin price indicates that the breakout above $107,000 has given bulls back control. Particularly, technical analysis from crypto analyst Michaël van de Poppe suggests that Bitcoin’s price will accelerate for the rest of the week. $106,500 Confirms Strength, Analyst Eye Accelerated Move Over the past few days, Bitcoin’s price structure has been forming a rounded base with higher lows, gradually coiling under a support turned resistance. Now that the breakout has occurred, bulls seem to be back in control. According to Michaël van de Poppe, a widely-followed crypto analyst on the social media platform X, the decisive moment came after Bitcoin cleared the $106,500 resistance, a level he previously mentioned he’s looking at. In his post, he noted that as long as Bitcoin maintains support above this zone, momentum will continue to shift in favor of buyers. Specifically, he pointed out that day traders are likely to pile in with new long positions, while short sellers are either closing their positions or getting squeezed out entirely. Both of these actions will continue to generate buying pressure, at least in the short term. Source: Michael Van De Poppe on X This shift in market structure has already begun to play out. As the chart below shows, the previous resistance zone around $107,000, which was a strong support during the earlier ATH moves in May, has now flipped. This zone had repeatedly rejected price advances, acting as a price ceiling since May 30. Now, with the breakout confirmed and volume increasing, the analyst expects a swift rally toward $108,900 and beyond for the rest of the week. Bulls Prepare For New Bitcoin All-Time High The timing of this breakout also coincides with the start of the trading week, which Van de Poppe describes as a great start to the week and a continued upside for the remainder of the week. More often than not in this cycle, Bitcoin has exhibited sentiment surges early in the week that persisted throughout the week. If Bitcoin can consolidate above the $107,000 to $108,000 range without falling back into the previous structure, it could enter a new price zone as soon as the $111,000 barrier is breached. With increasing interest due to ETF inflows, it could serve as the launchpad for Bitcoin’s next major leg up, carrying it toward new all-time highs before the end of June. At the time of writing, Bitcoin is trading at $109,455, having recently reached an intraday high of $110,237. The leading cryptocurrency is currently only about 2.5% away from setting a new all-time high. BTC trading at $109,609 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com |
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2026-06-24 22:28
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2026-02-28 04:00
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Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows Since October 10 | CoinGecko News | |
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Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) have shown strength amid the crypto market’s correction and the flagship crypto’s latest performance. Some experts have praised investors’ resilience, suggesting that the “real story” is not in the recent outflows.ETFs Investors Hold Strong Despite Market Downturn On Thursday, Nate Geraci, co-founder of the ETF Institute, affirmed that Bitcoin ETF investors have “largely displayed diamond hands” during the recent crypto market downturn. The flagship crypto has seen a 48.2% correction from its October 6, 2025, all-time high (ATH), recording five consecutive months of strong bleeding after the October 10 market crash. Since then, spot BTC ETFs have seen about $6.5 billion in outflows, the expert observed, which he considers a “drop in the bucket” compared to the $55 billion in cumulative total net inflows that the category has seen since launching in January 2024. It’s worth noting that crypto-based investment products have seen five weeks of outflows this year, with Bitcoin having the weakest sentiment among major assets amid the negative market sentiment of the past month. According to SoSoValue data, BTC funds have recorded $3.81 billion in net outflows since January 23, starting the week with $203.82 million in outflows on Monday. However, Geraci highlighted potential renewed demand for the investment products as the category sees a three-day streak of consistent inflows. Notably, Bitcoin ETFs have seen over $1 billion in inflows over the past three days, setting the stage for their potential biggest week since mid-January. The ETF expert emphasized that 50% drawdowns “are a walk in the park for long-time BTC investors,” but observed that newer ETF investors also appear unfazed by the current market conditions. “Not first time btc has experienced 50% decline & likely won’t be the last. ETF investors clearly aren’t panicking, though. Apparently buying the dip,” he wrote on X. Bitcoin ETFs Strength Is The ‘Real Story’ Bloomberg Intelligence Senior ETF Analyst Eric Balchunas backed Geraci’s comment, praising the remarkable performance of spot Bitcoin ETFs over the past two years. “As an ETF watcher, you know just how absurd this strength amid a 50% drawdown,” Balchunas stated. “This is the real story, vs focusing on the $6b that came out, which most stories do.” “Further, the narrative that crypto is ‘paying the price’ for getting financialized is absurd. $55b in net new cash in two years is the opposite of paying the price,” he added on X. In a recent interview, the senior analyst observed that the amount of Bitcoin held by ETFs is only down around 6% despite the market pullback. He noted that these types of corrections happen to every asset, including bonds and stocks, before recovering. Stocks have the same thing. Every time stocks go down, I remind myself and then other people that stocks have a 100% perfect record of coming back to hit all-time highs from a downturn. So, why would I worry that much, right? Balchunas affirmed that these assets can have “really horrible streaks, but then when they come back around, the flows come back.” He concluded that the price volatility and the negative market sentiment are “the cost of the holy grail returns that most people have gotten.” Bitcoin trades at $65,366 in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com |
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2026-06-24 22:28
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2019-11-27 02:12
6yr ago
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CEO of $250 Billion Investment Fund Unwittingly Linked To A Bitcoin Scam | CoinGecko News | |
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Original source text
The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday: “Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.” Fake Ad of Bitcoin Investment Scam The ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore, and Singapore Business Review. In a “special report” titled “Ho Ching Latest Investment Has Experts in Awe and Big Banks Terrified,” the ad makes several false and sensationalist claims attributed to Ho, including details of a supposed call between Ho and the head of a major bank in which they beg her “stop divulging money-making secrets.” Ho encouraged her followers to report the ad and cautioned them against getting conned into “get rich quick schemes” like Bitcoin Pro. A spokesperson for Temasek said: “These are not new scams – they’ve been around a long time and have targeted many high profile individuals, not just Ho Ching. “At the end of the day, people need to be aware before committing to anything they see online endorsed by anyone with a public profile.” Bitcoin Pro By Any Other Name Still a Scam Bitcoin Pro appears to be the latest iteration of the Bitcoin Revolution scam. Similar scams have appeared recently under names like Bitcoin Looper and Bitcoin Evolution. You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control Regardless of the name, all of these scams have several things in common: They advertise their scam on Facebook using ads that feature fake “news articles” about some famous celebrity or other public figure making sick amounts of money using their program. Like most high-yield investment plans (HYIPs) they promise dizzying profits in a matter of days, weeks, or months. They are practically clones of each other, using the same verbiage and making the same outlandish claims. Ho isn’t the first high-profile Singaporean to be unwittingly caught up in this scam. Earlier this year, former Prime Minister Goh Chok Tong had his likeness used to promote the scam, prompting the Monetary Authority of Singapore (MAS) to issue an official warning about the scam. Bitcoin Scam Ads on Facebook are Hard to Kill Although Facebook removes the ads when they become aware of them, policing the Bitcoin scam ads appears to be akin to a game of whack-a-mole – no sooner do they take one down than another one (or more) pops up in its place. A spokesperson for the social media giant cited the technical savviness of the scammers as one of the chief reasons it is so difficult to prevent the ads from being published. He explained that they “use sophisticated cloaking technology to mask content so that it shows different versions to our ad review systems than it does to people.” “We encourage our community to report ads they believe are misleading as this information helps us improve our automated detection systems to counter cloaking tactics and make us better,” the spokesperson added. Tags: |
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2026-06-24 22:28
1mo ago
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2019-11-27 10:12
6yr ago
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CEO of $230 Billion Investment Fund Unwittingly Linked To A Bitcoin Scam | CoinGecko News | |
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Original source text
The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday: “Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.” Fake Ad of Bitcoin Investment Scam The ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore, and Singapore Business Review. In a “special report” titled “Ho Ching Latest Investment Has Experts in Awe and Big Banks Terrified,” the ad makes several false and sensationalist claims attributed to Ho, including details of a supposed call between Ho and the head of a major bank in which they beg her “stop divulging money-making secrets.” Ho encouraged her followers to report the ad and cautioned them against getting conned into “get rich quick schemes” like Bitcoin Pro. A spokesperson for Temasek said: “These are not new scams – they’ve been around a long time and have targeted many high profile individuals, not just Ho Ching. “At the end of the day, people need to be aware before committing to anything they see online endorsed by anyone with a public profile.” Bitcoin Pro By Any Other Name Still a Scam Bitcoin Pro appears to be the latest iteration of the Bitcoin Revolution scam. Similar scams have appeared recently under names like Bitcoin Looper and Bitcoin Evolution. You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control Regardless of the name, all of these scams have several things in common: They advertise their scam on Facebook using ads that feature fake “news articles” about some famous celebrity or other public figure making sick amounts of money using their program. Like most high-yield investment plans (HYIPs) they promise dizzying profits in a matter of days, weeks, or months. They are practically clones of each other, using the same verbiage and making the same outlandish claims. Ho isn’t the first high-profile Singaporean to be unwittingly caught up in this scam. Earlier this year, former Prime Minister Goh Chok Tong had his likeness used to promote the scam, prompting the Monetary Authority of Singapore (MAS) to issue an official warning about the scam. Bitcoin Scam Ads on Facebook are Hard to Kill Although Facebook removes the ads when they become aware of them, policing the Bitcoin scam ads appears to be akin to a game of whack-a-mole – no sooner do they take one down than another one (or more) pops up in its place. A spokesperson for the social media giant cited the technical savviness of the scammers as one of the chief reasons it is so difficult to prevent the ads from being published. He explained that they “use sophisticated cloaking technology to mask content so that it shows different versions to our ad review systems than it does to people.” “We encourage our community to report ads they believe are misleading as this information helps us improve our automated detection systems to counter cloaking tactics and make us better,” the spokesperson added. Tags: |
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2026-06-24 22:28
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2019-06-06 08:10
7yr ago
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Crypto Market Wrap: Koreans Crazy for SOLVE as Consolidation Continues | CoinGecko News | |
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Original source text
Crypto markets remain in consolidation; Binance Coin getting back up, BSV falling further back, SOLVE on a charge. Market Wrap Crypto markets have remained in consolidation for the past 24 hours. There has been no move to the upside indicating that further losses could be inevitable. Total capitalization remains around $250 billion where it was this time yesterday.Bitcoin hit its intraday high of a touch over $7,900 a couple of hours ago but recoiled again instantly afterwards. Support lies around $7,600 which has been hit twice over the past 24 hours. With a failure to break $8,000 BTC appears set for further declines. Ethereum is hardly worth mentioning as it is still hopelessly tied to the movements of its big brother. With little action on the day ETH remains just above $245. A large support zone sits at $230 which is where it will head if the correction accelerates. The top ten is a mixed affair during Asian trading today. Six of the crypto assets have moved less than a percent though. Binance Coin has made the largest upward move of 6.5 percent taking BNB to $31.50. On the down side is Bitcoin SV dumping 9 percent back to $207. There is equal red and green in the top twenty though movements are minimal as the consolidation continues. On the upside by a percent or two is Dash, IOTA and NEO while Tron and Tezos dump a couple. FOMO: SOLVE Surges in South Korea A massive dose of fomo has gone to healthcare based platform SOLVE today as it surges 70 percent to $0.522, powering up the market cap charts to 52nd spot. South Koreans are going potty for this altcoin which spiked yesterday and has held gains. Three quarters of the total volume has been in KRW on Upbit and this comes as no surprise following the listing and inroads the project has made there; UpBit now has KRW-SOLVE pair! This sensational development makes Care.Wallet more accessible in S. Korea. Just the latest step in our Asian expansion strategy. We're excited by the growing demand for our platform & the services and benefits, which require SOLVE token to access. pic.twitter.com/7R3OERsOUB — TuumIO (@tuum_io) June 5, 2019 GXChain is also going strong at the moment with a pump of 26 percent and the third best performer in the top one hundred is Chainlink adding 16 percent. After a few days of solid gains Japan’s Monacoin is dumping today as it sheds 30 percent. Maximine Coin is the second worst altcoin at the time of writing dropping 23 percent. Total market cap 24 hours. Coinmarketcap.com Total market capitalization has not really moved much since this time yesterday. It is currently at $250 billion however volume is starting to trail off slowly and is currently $10 billion less than it was yesterday. Another day of consolidation on crypto markets is keeping traders on their toes. Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. |
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2026-06-24 22:28
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2019-06-06 12:09
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Koreans Insanely Excited by SOLVE as Market Consolidation Continues | CoinGecko News | |
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Koreans Insanely Excited by SOLVE as Market Consolidation Continues |
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2026-06-24 22:28
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2019-07-09 10:07
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Crypto Industry in Numbers: How Does Q2 2019 Compare to the Past | CoinGecko News | |
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Crypto Industry in Numbers: How Does Q2 2019 Compare to the Past |
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2026-06-24 22:22
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2024-01-25 10:08
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Bitcoin Recent Over 20% Dip In The Last 7 Days Is Only But A Buying Opportunity, Historical Data Shows | CoinGecko News | |
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Bitcoin Recent Over 20% Dip In The Last 7 Days Is Only But A Buying Opportunity, Historical Data Shows |
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2026-06-24 22:21
1mo ago
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2024-01-25 16:00
2yr ago
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Redditors Were Ahead Of Crowd In Buying Bitcoin Dip: Data | CoinGecko News | |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureData suggests users on Reddit were calling to buy the recent Bitcoin dip while other social media platforms were either bearish or indecisive. Bitcoin Social Volume Reveals How Different Social Media Platforms Reacted To Dip According to data from the analytics firm Santiment, the different major social media platforms have been split on how to react to the recent price action in the cryptocurrency. The indicator of interest here is the “social volume,” which keeps track of the total unique amount of posts that make mentions of a specific topic or term on a given social media platform or group of platforms. This metric tracks the number of posts/threads/messages rather than the mentions themselves, as the latter methodology can provide an inaccurate representation of the actual amount of discussion taking place related to the topic. This is naturally due to the fact that sometimes discussion around a topic can be limited to a couple of threads, but with each of them making a considerable amount of mentions. This trend is obviously not representative of what the wider community thinks, as only the users participating in these threads are interested in the topic. Thus, counting the posts makes more sense, as this number would only go up when there is genuine interest across the platform. Now, what Santiment has done here is that it has filtered the social volume related to Bitcoin/cryptocurrency for bearish and bullish terms for each of these four major social media platforms: Telegram, Reddit, 4Chan, and X (formerly Twitter). Here is a chart that shows the trend in these social volumes for all these websites: How the different social media userbases reacted to the dip | Source: Santiment on X The bullish terms chosen by the analytics firm here are keywords like buy, bottom, and bullish. Similarly, the keywords related to bearish sentiment are sell, top, and bearish. From the graph, it’s visible that during the recent Bitcoin plunge towards the $38,500 level, the Telegram users were mostly bearish as the social volume for terms pertaining to this mentality spiked. X users had also turned bearish, although the bullish social volume wasn’t much lower. 4Channers had seemed completely split on the trajectory of the asset, as both the social volumes were at about the same levels for the platform. Redditors appear to have been on the other end of the spectrum from Telegram and X users, as calls for buying the dip had spiked on the platform. So far, the bets of the Redditors would have paid off, as BTC has made some recovery since the dip that they made potential buying moves at, although the scale of the surge has so far not been too much. Historically, Bitcoin has tended to move against the expectations of the majority. Since these platforms are all split on the direction of the coin, it’s hard to say anything about where BTC would go based on the sentiment alone. “When Telegram, Reddit, X, and 4Chan are all in an extreme level of bullish or bearish sentiment, this is the ideal time to be a contrarian and go against the crowd’s uniform presumptions about the markets,” explains Santiment. BTC Price At the time of writing, Bitcoin is floating around the $40,200 level, down more than 5% over the past week. Looks like the price of the coin has made some recovery in the last couple of days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. |
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2026-06-24 22:21
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2024-01-25 18:36
2yr ago
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Bitcoin’s Leverage and Funding Rates: A Potential Buying Opportunity | CoinGecko News | |
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CryptoQuant analyst MAC_D in a new report, suggested that a sharp decline in Bitcoin‘s (BTC) price and funding rates could present a buying opportunity that might increase the cryptocurrency’s value.Leveraged Trades in BitcoinThe senior analyst argued that following investors piling into leveraged long positions, the token’s funding rates soared to a high level of 0.049% on January 2nd. This occurred while the market was anticipating the decision of the U.S. Securities and Exchange Commission on the BTC Spot ETF. According to data from 21milyon.com, when the article was written, BTC’s funding rate was 0.001%. Therefore, despite the token’s recent price movement, the market continued to show a bullish trend. According to MAC_D, for the current downtrend to end, a capitulation event that results in the mass liquidation of these long positions needs to occur. The analyst stated the following in his remarks: If there are sharp price drops and the funding rate turns negative on the 1-hour chart, it could mean that leveraged investors are overly pessimistic about the market, which could be a good opportunity to buy back BTC. Funding Rate in BTCThis could mean that two things need to happen for BTC to witness an upward price correction. A sharp decline in the value of the cryptocurrency and a negative funding rate on the 1-hour chart could lead to significant pessimism among leveraged investors, yet offer a potential buying opportunity for those with a longer-term investment horizon. At the time of writing, BTC was trading at $39,956. According to data from CoinMarketCap, since the BTC ETFs started trading on January 10th, the token’s value has dropped by 13%. The mentioned price drop could be due to an increase in profit-taking activity, which led to an increase in the token’s exchange reserves. Since January 10th, the total number of BTC held on exchanges increased by 0.47%. According to CryptoQuant, at the time of writing, there were 2.1 million BTC on exchanges. As token sales increased, the profitability of daily BTC transactions also decreased. According to Santiment data, since January 10th, the daily profit/loss ratio of BTC transaction volume has dropped by 10%. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. |
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2026-06-24 22:21
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2024-01-26 15:00
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Top 11 Platforms To Trade the Cheapest Cryptocurrencies | CoinGecko News | |
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Top 11 Platforms To Trade the Cheapest Cryptocurrencies |
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2026-06-24 22:21
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2024-01-26 18:51
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Buying bitcoin when CZ tweets ‘gm’ has paid off so far — but so has stacking sats | CoinGecko News | |
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Buying bitcoin when CZ tweets ‘gm’ has paid off so far — but so has stacking sats |
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2026-06-24 22:21
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2024-01-30 05:42
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Rekt Capital Advises Buying Before Bitcoin’s Pre-Halving Rally Takes Off | CoinGecko News | |
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Rekt Capital Advises Buying Before Bitcoin’s Pre-Halving Rally Takes Off |
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