Bitcoin Insights

2023-02-16 16:50:43 Crypto Giant Binance Expects to Pay Penalties to Resolve U.S. Investigations

Binance expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview.

Link

@Bitcoin_Insights Open / Comment

2023-02-16 14:09:55 On June 1st, 2023, Hong Kong will officially make crypto trading fully legal for all of its citizens

Expect a huge influx of big money from the East

Asian currency based stablecoin coming out of HK will be a certainty as well

Justin Sun repeatedly said that the next bull market will be driven by money from the East like the old times prior to 2020.

In 2017 bull market, BTC CNY (Chinese Yuan) pair was still very dominant. People have made fortunes arbitraging Yuan pair and US dollar pair.

That was gone when China banned crypto. But it will be back soon, with even more currency pairs.

@Bitcoin_Insights Open / Comment

2023-02-16 11:17:12 Whales are pumping market hard to achieve the golden cross on the daily and weekly chart.

Bitcoin has printed its FIRST EVER 'Death Cross' on the weekly chart.

The Golden Cross and Death Cross are important Bull and Bear market indicators, respectively.

Historic High after 1 Day Golden Cross :

2021 : 60%
2020 : 630%
2020 : 15% (Fakeout before 50% crash)
2019 : 178%
2015 : 8000%

After the Death Cross avg drop is 55%.

As per historic data after the Golden Cross Chances are High for Massive Bullrun.

@Bitcoin_Insights Open / Comment

2023-02-14 14:52:43 "It took BTC 6 months to get 1,000 users; 5 years to find 1 million users.

Today, 14 years from inception, it has 300 million+ users, 4% of the world.

At current growth rates, 1 billion users will be hit in the next 3 years. That's 12% of the world."

Willy Woo, Bitcoin analyst

@Bitcoin_Insights Open / Comment

2023-02-13 23:26:35 Circle Warned NY Watchdog About Binance Token Issues in 2022

Circle alerted the watchdog last autumn to issues its team had surfaced in blockchain data that showed Binance did not store enough crypto in reserve to support tokens it had issued

Around the time when Binance stopped support for USDC and started auto-converting into BUSD?

Link

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2023-02-13 20:46:12 "Fed forced to print billions in fake money. By 2025 Bitcoin  [will be] at $500,000" - Rich Dad, Poor Dad author

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2023-02-13 14:26:40 Crypto Firm Paxos to Stop Issuing Dollar-Pegged Binance BUSD Token

The New York Department of Financial Services ordered Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token, Binance said in a statement. Paxos will continue to manage redemptions of the product.

Link

@Bitcoin_Insights Open / Comment

2023-02-12 18:33:33 3 Companies Now Make Up 50% of U.S. Ad Revenues

Every year in the U.S., CFOs and marketing executives gather to allocate a portion of company funds towards advertising budgets. Today, on average, over half of those U.S. ad dollars end up in the deep pockets of just three tech stocks—Amazon, Google, and Facebook.

The advertising landscape is changing beyond recognition. Today’s data takes a closer look at annual U.S. advertising dollars, where Big Tech stocks continue to grow their presence.

@Bitcoin_Insights Open / Comment

2023-02-11 21:31:06 Jump crypto found a vulnerability in the BNB Beacon Chain.

Which would allow the attacker to mint an infinite number of arbitrary tokens.

BNB team developed and deployed a patch in less than 24 hours.

@Bitcoin_Insights Open / Comment

2023-02-11 18:01:29 Microsoft has ended its Industrial Metaverse Core team and laid off 100 employees working on the 4 months old project.

The project was aimed at promoting the adoption of metaverse technology in industrial settings

@Bitcoin_Insights Open / Comment