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2023-04-03 21:55:06 5 altcoins to watch out for in April 2023

The hosts of the popular YouTube channel about cryptocurrencies Altcoin Daily identified 5 cryptocurrencies that are advisable to buy and store in April 2023.

The coins were chosen based on significant events in their ecosystem in the current month. Altcoin Daily's choices for April 2023 include Ethereum (ETH), EOS (EOS), Fetch.аi (FET), PancakeSwap (CAKE) and MutiversX (EGLD).

The channel host mentioned the Shapella update as the most significant event in the blockchain industry in April. Presumably, the hardfork will be activated on April 12, 2023, and will allow ETH stackers to withdraw their tokens without restrictions.

Another major event is the launch of EVM on EOS, which is scheduled for April 14, 2023 and will ensure compatibility of the EOS protocol with the Ethereum blockchain. This update of EOS will rejuvenate the atmosphere after the great disappointment of users who expected much more from the project.

Fetch.аi is also on Altcoin Daily's April list of top 5 cryptocurrencies, which raised $40 million to deploy decentralized machine learning. According to the presenter, AI will be extremely popular in 2023, and Fetch.аi aims to give developers the tools to monetize AI-based apps through an autonomous machine-to-machine ecosystem.

On April 8, 2023, PancakeSwap will update to version 3, which the leading Altcoin Daily considers a notable update. The project already ranks fourth among the top DEX tokens by market capitalization. It is also the only DEX token not based on Ethereum.

The last coin on the list is MultiversX, formerly known as Elrond. On April 12, 2023, the two leading DApps in the MultiversX ecosystem, UTRUST and Twispay, will merge into XMoney. On April 26, another major decentralized app, XFabric, will launch on blockchain. All of this will increase the performance of the native EGLD token. Open / Comment

2023-04-02 19:29:34 Bitcoin (BTC) Under Satoshi Nakamoto Could Have Been Security Too: XRP Holders' Lawyer

If Satoshi Nakamoto had offered to sell 100,000 BTC for $100,000 when he was the only or one of the only Bitcoin miners, it would have been considered an offer of unregistered securities, John Deaton believes. This is the opinion that accompanied the pro-crypto lawyer and legal representative for XRP holders' latest criticism of U.S. regulators regarding the cryptocurrency market and current legislation in this area.

The lawyer's tirade began by saying that the term "investment contract" used by regulators like the SEC to define some cryptocurrencies is one of the most misunderstood terms in law right now, and the Howey test used to define a security is just as misapplied. It is noteworthy that both these subjects of law predate the middle of the 20th century, a point also highlighted by the lawyer.

In his opinion, for the cryptocurrency itself, it does not matter how it was distributed, like Ethereum (ETH) through an ICO or like XRP sold by Ripple. The method of distribution, even if it is recognized as an offering of unregistered securities, does not make the asset itself, in this case the digital code, such, Deaton says.

If we follow the logic promoted by regulators, it would appear that every altcoin is a security at the time of its distribution, Deaton concludes, citing the example of Bitcoin. Open / Comment

2023-04-01 14:18:36 MicroStrategy’s (MSTR) $4 Billion Bitcoin Bet Inches Towards Profitability

MicroStrategy’s popular Bitcoin bet seems to be heading toward profitability once again after being in the red for the past three quarters. With Bitcoin maximalist Michael Saylor at its helm, the IT firm has amassed 138,955 BTC over the past three years, spending a whopping $4.14 billion on the flagship cryptocurrency.

MicroStrategy stock soars amid BTC rally

Since the beginning of 2023, Bitcoin has gained more than 71%, going from $16,547 all the way up to $28,336 at the time of writing. This rally marked BTC’s biggest quarterly gain in two years. The current price is roughly $1500 below MicroStrategy’s average purchasing price of $29,817. Earlier this week, BTC’s price managed to reach $29,142 for a brief period, bringing Michael Saylor’s Bitcoin bet closer to breakeven, and even profitability.

Saylor’s first BTC purchase came back in August 2020, when he chose Bitcoin over traditional investment vehicles like short-term U.S. government securities, to invest MicroStrategy’s cash as a hedge against inflation. For comparison, short-term U.S. government bonds have returned roughly 2.5% since Saylor’s first BTC investment. Bitcoin’s massive rally in 2021 led to quarterly paper gains of as much as $3.1 billion for Saylor’s firm.

While BTC’s fluctuation has prompted impairment charges of more than $2.1 billion for MicroStrategy. For the first time in ten quarters, the firm may be able to avoid having to write down the value of its BTC holdings, thanks to the hike in BTC’s price. 2023’s Bitcoin rally has had a significant impact on MicroStrategy’s (MSTR) share price. The stock has gained more than 146% since the beginning of the year and is currently trading at $292. Bitcoin has returned 71% over the same period. Open / Comment

2023-03-31 14:14:46 Ticket 3.0: Argentine airline Flybondi issued tickets in the form of NFT

Algorand's blockchain-based NFT ticketing technology allows passengers to exchange, transfer or sell their tickets. This is made possible by a blockchain-based solution developed by Travelx.

"With the launch of this project, we aim to have a positive impact on the airline industry through innovation and the use of blockchain. Our goal is to evolve and offer our passengers a new phase of freedom of flight," said Flybondi CEO Mauricio Sana.

Flybondi said the NFT ticket "offers a more flexible travel experience that allows passengers to buy tickets in advance, without having to determine their travel plans." In turn, the airline can reduce customer service costs and increase its revenue from trade commissions.

Tickets can be paid for by USDC through the Binance Pay payment service. In the future, the list of stabelcoins will increase to expand payment options for Flybondi customers. The airline hopes that experiments with NFT will be successful and other companies will follow suit.

Flybondi announced its plans back in September 2022. In May 2022, Dubai-based airline Emirates reported interest in collectible tokens and even began accepting bitcoin as payment. A few years ago, another company, Etihad Airways, began using blockchain for more efficient data management and transparent baggage tracking without involving third-party operators. Open / Comment

2023-03-30 15:43:23 Analyst gave a prediction about the rate of Cardano

Renowned cryptoanalyst and founder of Into The Cryptoverse Benjamin Cowan shared his opinion on the price behavior of altcoins relative to bitcoin (BTC). He focused on the Cardano digital coin (ADA). According to him, this virtual asset has good prospects.

According to Cowan's analysis, ADA, which has already lost 78.8% of its price high, will continue to fall to the lower boundary of dynamic support against the BTC rate. According to him, that means a future value of 800 SATS per ADA. This level, according to Cowan's prediction, was referred to 2018. It was then retested in the third quarter of 2019. According to the dynamics, the ADA value should return to this value.

Nevertheless, the analyst assured: finding a bottom against BTC "would be a big deal" for Cardano. He noted that after a rebound from this value, the cryptocurrency rate will go up. At the same time, the expert added that "the final support may be at the level of 400 SATS per ADA.

Cowan noted that under such a scenario, the value of Cardano will fall another 69% from its current values, but this is highly unlikely. Speaking of other altcoins, the expert stressed: "they will all bleed against BTC in the coming months."

The researcher noted that he has seen this before, when alternative cryptocurrencies were falling in price by 90-95% against bitcoin. The fact that their rate is at a good level could only give the illusion that they are "holding up pretty well."

The specialist noted that many such coins and tokens were becoming vestiges of past market cycles.

As of 1:05 p.m. Moscow time on March 30, 2023, the ADA virtual coin was quoted at $0.376. They have lost about 2.9% in the past 24 hours. The market capitalization was $13.06 billion. Open / Comment

2023-03-29 16:04:42 Mark Yusko: "The whole world will inevitably use bitcoin.

Mark Yusko, during the Tech Path Crypto podcast, lamented that about 80% of all bitcoins are concentrated outside of the U.S. and only about 20% of the cryptocurrency remains in the possession of Americans. Yusko emphasized that even if U.S. citizens weren't invested in BTC, it wouldn't interfere with its daily functioning.

The head of Morgan Creek Capital says bitcoin is especially in demand in countries whose national currencies are subject to devaluation, such as Nigeria. In addition to the Nigerian naira, Yusco mentioned the Turkish lira, the Argentine peso and the Venezuelan bolivar. Given the unstable economies of all four countries, their citizens prefer gold and bitcoin.

When discussing the introduction of cryptocurrencies, Yusco joked that they would be widespread around the time his six-month-old granddaughter started using money. The businessman is confident that she will no longer use paper money and traditional wallets, which will be replaced by digital wallets and crypto-assets.

Mark Jusko believes that the transition to digital currencies of central banks will be inevitable, as it is an important technological transformation of the payment system. At the same time, state-owned stablenecoins will not be able to dominate cryptocurrencies. On the contrary, CBDCs will help people realize the potential and possibilities of crypto-assets.

Late last year, Mark Yusco suggested that bitcoin could eventually become an equal substitute for gold. And the hedge fund manager recently said that meme-based, dog-eared cryptocurrencies have no real value because they were created as a joke. Open / Comment

2023-03-28 19:46:18 North Korean hackers laundered cryptocurrencies

North Korean hacker group APT43 used cloud mining services to launder stolen cryptocurrencies. This data was presented by researchers at cybersecurity company Mandiant.

Cloud mining services own and manage the infrastructure and rent out hashrate to users. According to a report published by security analysts, APT43 used stolen cryptocurrency to pay for such services and received "clean" digital currencies to its own wallets.

Mandiant assured that the hacking group had the backing of politicians and used the funds for the North Korean regime's nuclear purposes. The report stated that cybercrime proceeds were used to fund operations against South Korean and U.S. government organizations, as well as scientists and think tanks.

It became known that in order to get "clean" cryptocurrencies APT43 representatives stole credentials through phishing attacks. The researchers assured that the attackers massively created websites that were copies of legitimate resources - for example, a site masquerading as a cryptocurrency exchange.

In this way, they persuaded unsuspecting users to disclose personal information and provide access to their own wallets.

According to the U.S. Federal Bureau of Investigation (FBI), North Korean hackers increasingly used cryptocurrency in various transactions. One high-profile case was the $100 million Horizon Bridge hack. Authorities around the world, especially in the United States and South Korea, have been actively trying to combat the threat. Researchers noted that the number of cybercrimes related to digital currencies increased seriously in 2022. Open / Comment

2023-03-27 15:03:48 Digital bank Sygnum opens a branch in Abu Dhabi

A Sygnum spokesman said that the bank intends to expand its operations in the Middle East, so the decision was made to open a new office in ADGM, the international financial center of the United Arab Emirates. Sygnum's offerings will focus on high-income customers who are ready for high-risk investments. Sygnum had planned to enter the Middle East back in October 2022, when it received ADGM approval to operate in the country.

"35% of UAE citizens have already invested $25 billion in more than 1,400 local cryptocurrency organizations, so we are confident that Abu Dhabi will become a regional and international hub for Web3, meta-universe and blockchain projects," Sygnum hopes.

Arvind Ramamurthy, head of market development at ADGM, said that Sygnum's regulated operations in Abu Dhabi will significantly accelerate the development of cryptocurrency innovation in the region. In turn, as the largest regulated jurisdiction for digital assets in the Middle East and North Africa (MENA), ADGM is ready to implement tools to ensure the growth of cryptocurrency companies in the UAE.

In 2021, Sygnum became the first regulated bank to integrate Ethereum 2.0 stacking functionality. Earlier, the bank launched custodial services for ICP tokens of DFINITY project. Open / Comment

2023-03-26 22:49:17 Dave the Wave: Long-term bitcoin indicators turn green

Bitcoin may be entering a bullish phase. The cryptocurrency's long-term metrics are turning positive.

Dave the Wave is the analyst who predicted the collapse of bitcoin in 2021. Now he tells his 140,000 Twitter followers: bitcoin is going green.

The analyst turned his attention to the MACD, the weekly convergence-divergence of bitcoin's moving averages. The MACD is an indicator that detects trend changes based on the convergence or divergence of moving averages. Dave the Wave has noted six times in bitcoin history when the MACD has turned bullish right before a major rally that has been going on for weeks or months. One of them is now.

In the long run, Dave suggests valuing BTC in dollars or gold. He thinks: within 20 years, bitcoin will reach the capitalization of gold. That would yield 22 "X's."

22x would give BTC a market capitalization of $12 trillion [converted to 2023]. That is almost equivalent to the current market capitalization of gold, $13 trillion.

For now, bitcoin is struggling to hold $28,000, trading sideways.

Earlier, analyst Benjamin Cohen looked at the prospects for ether. He thinks: the second largest coin is not ready for a bullish rally. Open / Comment

2023-03-25 19:26:01 Founder of bankrupt crypto project AP Private Equity kidnapped and tortured

CTV News Toronto (CTVNT) has obtained documents revealing the details of the incident involving Aiden Pleterski. He was kidnapped by criminals in downtown Toronto and tortured and beaten for three days as the criminals tried to get a ransom for his life.

"He was kidnapped and held for about three days, driven to various parts of southern Ontario, beaten, tortured, allowed to make phone calls only to specific people and demanded a multi-million dollar ransom," according to a court filing on Pleterski's abduction.

A Toronto police spokesman declined to comment on witness statements, the list of suspects or the status of arrests made in connection with the case in the interests of the investigation.

"Aiden was running a business that he told people he would invest their money in, but that didn't happen. He didn't do any of the things he promised. And obviously he owes people a lot of money," commented bankruptcy trustee Rob Stelzer.

Recall that 23-year-old founder of AP Private Equity has attracted about $40 million to its crypto project. Pletersky guaranteed investors that he would increase their investment by at least 7%, but in fact more than 98% of the collected funds were not invested, and were used to purchase luxury goods and personal enrichment. Open / Comment