Best Crypto Traders Official

2022-05-03 10:00:10 ​​Billionaire Charlie Munger predicted the collapse of bitcoin

Warren Buffett's Berkshire Hathaway vice chairman Charlie Munger said during the company's annual shareholder meeting that the value of bitcoin is "very likely" to collapse to zero. This is reported by the portal U.Today.
Magner believes that bitcoin is undermining the US Federal Reserve, which America "desperately needs." According to U.Today, in February, he also compared the largest cryptocurrency to a venereal disease.
Berkshire Hathaway Chairman and CEO Warren Buffett has said he doesn't know what will happen to Bitcoin over the next few years. At the same time, he noted that he did not want to invest in cryptocurrencies. A well-known entrepreneur said that he would not even pay $25 (about 1.7 thousand rubles) to buy all existing digital assets.
“I wouldn’t take it Bitcoin. What would I do with it?" the billionaire said. Open / Comment

2022-04-29 10:00:11 ​​City of Fort Worth Becomes First US Government to Mine Bitcoins

The Fort Worth authorities became the first city government in the United States of America to mine bitcoins to replenish the budget. The fifth largest city in the state of Texas received a valuable gift of three mining computers from the Texas Blockchain Council.
The bitcoin mining project, after a long discussion, was approved by the city council as part of another larger list of crypto-friendly initiatives, despite the voices of critics that the council should not recognize any other currencies than the US dollar. It is reported that three special mining machines will work around the clock in the data center of Fort Worth City Hall.
They will be connected to a private network to minimize security risks. According to preliminary estimates, the energy required for the operation of machines will be equal to the energy consumed, for example, by a household vacuum cleaner. It is expected that all mining costs will be fully offset by the profit received from the sale of bitcoins. The Fort Worth government is planning a six-month trial period during which authorities will evaluate the project's viability. Open / Comment

2022-04-26 10:00:13 ​​Coinbase remains bullish on cryptocurrencies

According to Owen Lau, Oppenheimer's chief executive and senior analyst, Coinbase (COIN) remains committed to its bullish thesis, which is long-term adoption of cryptocurrencies.
The year-to-date selloff in the crypto space is illustrated by the fact that, according to FactSet, stocks of crypto-focused companies are down 60% from their highs, while Coinbase itself is down 40%.
However, Lau is bullish on its stock, calling the digital trading platform "one of the most disruptive companies."
According to him, in the long term, for example, in 3, 5, 10 years, most likely, more people will own digital assets or use them.
Data from CoinMarketCap shows that the entire cryptocurrency market is down 19% this year and Bitcoin is down 11%, signaling bearish sentiment for crypto stocks among some investors. Lau named 2 reasons for this attitude. Open / Comment

2022-04-22 10:00:13 ​​US seizes over $102 million worth of crypto assets

According to investigators, stolen bitcoins and other digital currencies are being converted into stablecoins.
Agents and analysts actively monitor the flow of bitcoin and other cryptocurrencies on the blockchain, generally conducting financial and cybercrime investigations.
If you trace a digital currency wallet, it is no different from an email address that has several correlated identifiers, and once someone makes a transaction, it enters the blockchain, investigators have the opportunity to trace this email address or wallet address through the blockchain . Cryptocurrencies such as Bitcoin and Dogecoin are most represented in the blockchain.
Despite the significant expansion of the crypto system, institutions like the IMF, which are also beginning to embrace innovation, are urging investors to exercise caution. Open / Comment

2022-04-19 10:38:57 ​​Criminal punishment for storing cryptocurrencies off exchanges: crypto market news

The Association of Banks of Russia proposed to introduce criminal liability for the storage of undeclared digital assets outside the exchanges, and the price of bitcoin fell by $1,000 in an hour and dropped below $39,000 - these and other important news of the cryptocurrency market in our review.
The Association of Banks of Russia (ADB) sent a letter to the Central Bank and relevant ministries in which it proposed to introduce criminal liability for storing cryptocurrencies in non-custodial wallets.

On the morning of April 18, the bitcoin exchange rate on the Binance crypto exchange fell by $1,000 in an hour, to $38,500. As of 17:30 Moscow time, the first cryptocurrency is trading at $39,300, over the past day it has fallen in price by 2.43%. Open / Comment

2022-04-15 10:00:10 ​​Taiwan Semiconductor Quarterly Earnings Up 45%

Net profit of the world's leading custom chip manufacturer Taiwan Semiconductor Manufacturing Co. in the first quarter increased by 45% and amounted to a record 202.73 billion new Taiwan dollars ($6.99 billion) compared with 139.69 billion dollars in the same period last year.

The figure rose and exceeded expectations due to higher sales and improved margins. The median forecast of analysts polled by S&P Global Market Intelligence was for a profit of $183.53 billion.
According to a press release from the company, TSMC's revenue in the past quarter increased by 36% to $491.08 billion.
Operating profit margin increased by 4.1 percentage points and reached 45.6%.

TSMC shares were unchanged in trading in Taiwan on Thursday, the report was published after the close of trading. Over the past year, the company's capitalization has decreased by 7.4% and currently stands at 14.44 trillion new Taiwan dollars. Open / Comment

2022-04-12 10:00:30 ​​Cryptocurrency exchange Binance deepens expansion into the Middle East

Binance CEO Changpeng Zhao said that the company "has a great future ahead of it."
On Sunday, he said that Binance had received "principled" approval from the Abu Dhabi financial services regulator in the global marketplace to operate as a digital asset broker-dealer.
But this is not the first move by the exchange in the Middle East: last month, the company received a license to engage in cryptocurrency activities in Dubai. The move also came after Binance received a license in Bahrain from the country's central bank.
But Binance has been pushing its way into the Middle East market, with a cold reception elsewhere.
For example, in the UK, regulators have imposed restrictions on her, prohibiting her from engaging in any regulated activity. In Singapore, its services were also restricted after the country's central bank warned that it could be a violation of local payment laws. Open / Comment

2022-04-08 10:00:24 ​​BTC fluctuates between key thresholds

Bitcoin has suffered a bit, but for now, its $44-45,000 support zone remains.
However, if it is confirmed to break below this area, then the BTC profile will deteriorate significantly on the daily chart. This will put its 100-day moving average, which is currently at $41,800, under attack, and then the main psychological threshold of $40,000.
BTC's previous rally between March 13-28 was halted by the 200-day moving average, currently at $48,270, which represents the first major hurdle to the currency's rise.
At that time, the main psychological threshold for Bitcoin was the level of $50,000, and the resistance on the chart around $52,000 will become other obstacles that should also be taken into account.
In regards to the latest BTC news, enterprise software company MicroStrategy Incorporated (NASDAQ: MSTR) announced in its filing with the Securities and Exchange Commission (SEC) that it purchased 4,197 bitcoins between February 15 and April 5.
BTC was purchased at a price of $45,714. In total, MicroStrategy and its subsidiaries currently own 129,218 BTC for a combined purchase price of $3.97 billion and an average purchase price of $30,700 per 1 BTC. Open / Comment

2022-04-05 10:01:57 ​​Further crypto rally is limited

According to investment bank JPMorgan, cryptocurrency prices have limited growth potential, as the share of stablecoins in relation to the total cryptocurrency market is falling: instead of 10%, it is already 7%.
Stablecoins are seen as cash that can be used to buy cryptocurrencies.
But now, according to the bank, the cryptocurrency rally has probably fizzled out and we are seeing its end as stablecoins are rapidly declining their share of the crypto market.
The high, almost 10% share of stablecoins in the total crypto market capitalization indicated further growth of the crypto market at that time, JPMorgan said, believing that stablecoins represent cash in the market and provide additional opportunities for crypto investors.
Bitcoin and Ethereum are up more than 30% from their February lows amid a combination of short cover and inflows into Bitcoin funds that have helped prop up the rally, with $210 million flowing into the Purpose Bitcoin ETF since March 7. Open / Comment

2022-04-01 10:01:27 ​​The biggest theft in the history of digital currencies

A hacker stole $600 million worth of Ethereum NFT games from the network, and Visa (NYSE:V) announced the creation of a program for content makers to enter the NFT market - these and other important news of the cryptocurrency market in our review.
A hacker hacked the Ronin blockchain bridge and withdrew over $625 million worth of cryptocurrencies. Representatives of the crypto project reported the incident. They said that the attacker took advantage of the network vulnerability on March 23, but the problem was discovered only on March 29, when one of the users was unable to withdraw 5000 Ethereum. The Ronin hack is currently the largest in decentralized finance.
Visa Corporation announced the creation of a program to support content makers, which is designed to help them enter the NFT market. Open / Comment