Global CRYPTO News

2023-03-16 17:33:14 ​​SEC to vote on cybersecurity, consumer privacy rule proposals

The Securities and Exchange Commission will vote on new rules and changes to bolster requirements for cybersecurity, privacy and tech infrastructure that officials said could encompass cryptocurrencies. The five-member commission will vote Wednesday morning on issues relating to cybersecurity, the privacy of consumer financial information.

The SEC will vote on whether to propose changes to require brokers-dealers, investment companies, registered investment advisers and transfer agents to tell people when they have been affected by data breaches. A current rule requires “covered firms” to let customers know about how they use their financial information, but there is no requirement now to let them know about breaches, SEC Chair Gary Gensler said. “Critically, firms would need to help customers understand how to protect themselves from harm that might result from the breach,” Gensler said. Open / Comment

2023-03-15 19:12:02 Huobi has $2.76 billion in cryptocurrency assets. Bitcoin only accounts for 14% of the exchange's portfolio. Open / Comment

2023-03-15 19:07:31 ​​ Ethereum upgrade: good and bad news in one

Yesterday, the Shapella upgrade was implemented into the Goerli testnet. The developers wanted to ensure that everything was running smoothly and that Ethereum users could withdraw their staked ETH without any issues.

This was the last Ethereum testnet where such a hard fork was going to be carried out. Unfortunately, it wasn’t executed without issues, since a few validators simply forgot to update their client software.

It's like you're working hard, and then a simple human error comes up and says, "Oops, it's all messed up, let's start again, guys." Open / Comment

2023-03-15 19:03:00 ​​XRP Price Prediction as Bulls Hold $0.37 Level – Can XRP Reach $1 Soon?

XRP's indicators currently find themselves in a promising position, with its 30-day moving average (red) looking as though it could begin rising toward its 200-day (blue)

Such a move would indicate a breakout rally, the possibility of which is also supported by XRP's relative strength index (purple), which is still in an oversold position.

This means that it's due a correction to more bullish territory, something which could very easily happen in the coming days.

XRP had actually risen as high as $0.386898 within the last 24 hours, making for a 7% compared to where it was on Monday.

However, yesterday's market-wide rally has lost some steam in recent hours, yet the coin has held to its $0.37 support level.

Assuming it keeps its support, this will provide it with the foundation to move higher in the coming days and weeks.

Arguably, XRP is primed for an above-average climb in the near future, seeing as how concerns over Ripple's exposure to Silicon Valley Bank muted its participation in the market-wide rally that happened yesterday.

As such, XRP will climb again, while the looming promise of an end to Ripple's case with the SEC should eventually provide the altcoin with a massive boost.

Indeed, there are various reasons to believe that Ripple has a good chance of securing a favorable judgment or settlement, with numerous decisions and rulings going its way in recent months. Open / Comment

2022-10-19 20:52:50 ​​This Bitcoin Price Top Indicator Could Actually Be a Good Bottom Indicator Too

Since reaching its all-time high of almost $69,000 in November 2021, Bitcoin has been on the decline ever since.

As we recently touched on, the price of Bitcoin has been on the slide for the better part of a year, but the bottom appears to be in sight. Though most indicators suggest that Bitcoin is now nearing the bottom of its recent bear market, it remains unclear just how low it can go or when it will occur.

But by repurposing the popular Pi Cycle Top indicator, we may now be inching closer to an answer.

How it Works?

Created by Philip Swift, the founder of LookIntoBitcoin, the Pi Cycle Top indicator uses a combination of the 111-day simple moving average (111SMA) and 2x multiple of Bitcoin's 350-day simple moving average (2x 350SMA) to forecast the top of Bitcoin’s market cycles.

Historically, the 2x 350SMA has proven to be an accurate predictor of Bitcoin’s top, having closely predicted the height and timing of the past 3 bull markets.


Though the Pi Cycle Top Indicator is primarily used for indicating Bitcoin’s top, it also demonstrates impressive predictive power for its bottom — with the 111SMA overlapping the bottom of the 2012, 2015, and 2019 bear markets.


Backtested on historical data, the 111SMA has been shown to predict the depth and timing of the Bitcoin bottom to within 5 months.

What it Means for the Bitcoin Price?

Bitcoin is widely known to have a roughly four-year cycle centered around the halving event — with Bitcoin tending to bottom around 380-550 days prior to its halving date, and topping out around 360 to 520 days post-halving.

But these figures are far from precise enough to really take advantage of.

According to the 111SMA, the Bitcoin price now appears to be between 1-5 months away from its bottom, which means a further slide can be expected at some point before March 2023. Given that the 111SMA has, so far, never bottomed before Bitcoin, we can assume that the bottom is not yet in for either.

If history once again repeats itself, then Bitcoin can be expected to fall as much as 86% from its previous all-time highest value to potentially fall under $10,000 briefly. Should this be the case, then a further 49% drop could be on the horizon.

This is further corroborated by Bitcoin's sliding trading volume — which has decreased by more than a third in the last three months. While Google search interest has fallen by 50% over the same period.

The relationship between trading volume and Bitcoin’s price is well-documented, with a clear positive correlation found between volume and price.

This agrees with its historical price action, which saw Bitcoin experience a sharp drop over a ~1 month period to reach its bottom, before beginning its long-term recovery.

But with the macroeconomic environment still in a bad way with the DXY continuing to rally and most countries seeing a decline in their GDP, risk-on assets like Bitcoin are unlikely to experience a dramatic comeback any time soon. Open / Comment

2022-10-19 20:49:18 ​​BTC to hit $79k by 2025: Finder Report

Finder calculates how accurately experts predicted Bitcoin's future price using two surveys. Finder polls five fintech experts each week to see if they are bullish, bearish, or neutral on Bitcoin for the next two weeks.

As part of a wider quarterly study, they asked 55 industry experts their predictions for Bitcoin's performance over the next decade in late September/early October.

According to the Finder forecasts, Bitcoin's price will climb from its current level to $79,193 by 2025 to $270,722 in 2030, reflecting a more than 1300% rise. Open / Comment

2022-10-19 20:44:50 ​​Bitcoin Named "First Decentralized Cryptocurrency" by Guinness

Since 1955, the yearly Guinness World Records (GWR) reference book has documented the greatest natural and human-made achievements and events around the globe. This year, GWR expanded its yearly records to include Bitcoin, the first and most valuable cryptocurrency network.

Bitcoin, Satoshi Nakamoto's cryptocurrency and blockchain network, has been widely praised and recognized by both online and offline media outlets.

For example, the word "Bitcoin" first appeared in Scrabble in 2018, and the following year it was admitted to the Merriam-Webster Unabridged Dictionary. Because of Bitcoin's status as the "first decentralized cryptocurrency," Guinness World Records (GWR) recognized it this year. Open / Comment

2022-09-25 20:41:46 ​​About the rate hike

In fact, starting from May 2022, the 75 bp increase was already priced in by the market, which is why there were three possible scenarios:

- A 75bp increase would lead to a flat with a slow and tedious upward pull-up;
- an increase by 100 bp (higher than expected) would have led to a dump;
- A 50 bp increase would have caused a local bump, at the very least, and at the very most, the bottom has been reached.
- (There is also the "option from Ilon"), - Musk suggested instead of another rate hike just to lower the rate by 25 bps. It is clear that this will not happen, but I wanted to dream)).


No kidding, everything really depends on the Fed's decisions which they will come to - it will set a vector for almost the whole end of 2022.

And the result of the meeting (September 21, 2022) is as follows: "The U.S. Federal Reserve (Fed) raised its key rate again by 0.75% - to 3.25%. This is the highest rate since 2008. By the end of the year, the key rate could rise to 4.4%. According to the Fed, imbalances caused by the pandemic and higher food and energy prices are the main drivers of rising inflation. "

Also, Fed officials have said they intend to keep raising until the funds level reaches the "cap rate," or the 4.6% endpoint in 2023. This implies a quarter-point increase in the rate next year, but not a decrease. Open / Comment

2022-09-25 20:34:01 ​​Ratio of long/short accounts.
(I attached the graph).
There is an interesting situation on Binance(Sep 22). Ratio of long / short accounts in the period 24h is 72/28% in favor of the first.
For top traders of Binance exchange market is apparently bullish .

- What do you think the price will go in the next direction? Open / Comment

2022-09-25 20:31:28 ​​Right now BITCOIN is looking weak. All the previous growth from 18500 to 22800 (23+%) was extinguished.

In anticipation before the meeting, BTC continued to decline, "crouching".

The BTC for the fifth time hit the support, strengthening it or breaking it through, we don't know exactly, but in fact it's now in the 18500-19200 block. It is obvious that when the price reaches the support level, but it is at the level of 18500-16500, the chances of its break-down are increasing and the probability of negative scenario is increasing.

This is called the moment of truth) And at such moments the uncertainty and fear reach their peak. As a matter of fact, now we see the "extreme fear" level in F&G index. (attached chart).

Technically, if the rise were 100 bp or more, the support would not hold and the market would hover in search of a new bottom. It could be 16000 or 14000 at the moment, or it could be gradual - it all depends on the liquidity.

Logically, the priority for me is to close the fall-out at least from the block 28000-30000, because in fact even from 48000 we fall without correction.

And the November congressional elections are coming up and the government has a stalemate situation - either continue to "save" the economy, but practically lose the elections, or give a little pause, win the elections and then finally humiliate everything). The fact is that all this will affect the market and it is from this data we are building a strategy, however, anyway, we'll see...

In general, no matter what situations we see in the news - with correct actions it will be a parade of possibilities (for even with strong long-squeeze the rebound will be tens of percent again), I personally have a positive attitude (but not relaxing either), because in crypto such periods are not for the first time.

Most are waiting for a fall. And it doesn't always happen the way most people expect). In fact - no one expects sharp exit above 30K as well . Open / Comment