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ByAuthor J.D. SmithPosted on
12
0

BITCOIN’S MOVEMENT IS RIGHT ON TRACK!!! EXTREME UPSIDE STILL LEFT!!

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Bitcoin [BTC]’s recent move is questioned by some. Today I’m going to show how Bitcoin is right on track with a few models.

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🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

#bitcoin #cryptocurrency #btc

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Bitcoin Opinion
ByAuthor J.D. SmithPosted on
10
0

5 key reasons why Bitcoin will likely see new all-time highs soon

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The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months, on-chain data reveals.

However, five key indicators suggest that major sellers are about to turn into hodlers or even accumulators of Bitcoin again, while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term.

Whales stopped selling

The number of whales, which are Bitcoin addresses with a balance equal to or more than 1,000 Bitcoin, have declined by more than 10% since Feb. 8, suggesting a large sell-off of Bitcoin.

While the price of Bitcoin managed to see two all-time highs during the two-month dumping period, the overall price rise has significantly slowed down, with BTC finding strong resistance at around $60,000. Since March 31, however, large holders of Bitcoin have stopped selling.

Number of addresses with a balance equal to or…

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Bitcoin Blockchain Investment Latest Opinion Tech
ByAuthor J.D. SmithPosted on
10
0

Crypto at risk after Facebook leak: Here’s how hackers can exploit data

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Facebook is no stranger to data hacks and leaks, with the company having been on the receiving end of many high-profile security breaches in recent years. For example, back in 2018, the social media giant revealed that it had inadvertently exposed the personal information of more than 50 million users due to a small error in its platform coding, thus allowing miscreants to gain access to its users’ accounts.

Similarly, in 2020, the Mark Zuckerberg-led firm was embroiled in another major controversy when it came to light that thousands of developers had been able to access data from inactive platform users, again drawing the ire of many folks across the globe.

Now in 2021, the tech juggernaut has once again been hit with a fresh wave of data leaks, however, this time around, the number of users whose records were exposed was…

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Bitcoin Tech
ByAuthor J.D. SmithPosted on
8
0

Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea

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The effects of South Korea’s crypto frenzy seem to be spreading beyond the cryptocurrency market to affect stock prices in the country’s stock exchange.

According to a report by Bloomberg on Wednesday, Hanwha Investment & Securities Co. has seen its stock price almost triple since the start of the year.

Indeed, at the time of writing, Hanwha Investment is trading at 6,550 Korean won per share, which constitutes a 197% stock price gain year-to-date.

This almost-200% share price increase puts Hanwha Investment as the best performing of the companies in the Korea Composite Stock Price Index.

Hanwha Investment’s bullish share price growth is likely tied to the company’s crypto association. The financial investment service provider holds a minority stake in Dunamu — operators of the Upbit cryptocurrency exchange.

Upbit, along with Korbit, Bithumb and Coinone are collectively known as the “big four” crypto exchanges in South…

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Bitcoin Markets
ByAuthor J.D. SmithPosted on
33
0

Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?

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The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea’s cryptocurrency exchange market, plummeted overnight.

The premium declined from 22% to 15% within a matter of hours on Wednesday, and it is continuing to drop across major South Korean exchanges.

BTC Korea Premium Index. Source CryptoQuant

A big pullback in South Korea’s Bitcoin market

Overnight, as CryptoQuant CEO Ki Young Ju noted, the price of Bitcoin fell particularly hard on South Korean exchanges.

As the price of Bitcoin dropped, the Kimchi premium fell in tandem. But, since BTC’s price fell significantly harder on South Korean exchanges, the premium plunged quickly within a matter of hours.

Bitcoin falls hard on South Korean exchanges. Source: Ki Young Ju

There are two possible reasons why the premium dropped in the manner that it did.

First, traders from outside of South Korea might have found a way to successfully…

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Blockchain Tech
ByAuthor J.D. SmithPosted on
27
0

$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown

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A state-owned Moroccan fertilizer company has executed a $400-million transaction using blockchain technology, in what it says is a first for intra-African commerce.

In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer exports to Ethiopia, using blockchain technology, in a deal worth an initial $270 million. The remaining deals will be executed in the coming months, taking the full transaction value to $400 million, reports Global Trade Review.

Trade finance deals that are typically executed over a matter of weeks can be finalized in hours using blockchain, according to OCP Group. TDB previously used distributed ledger technology to facilitate the export of $22 million worth of sugar from India to Ethiopia. The companies said that the use of blockchain tech simplifies the supply chain process, making it easier to validate documentation and improve transparency.

TDB CEO Admassu Tadesse…

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Bitcoin Blockchain Business Latest Tech
ByAuthor J.D. SmithPosted on
11
0

Football star Tom Brady to launch his own NFT platform

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Six-time Super Bowl champion Tom Brady is backing a new major development in the nonfungible token industry by launching his own NFT platform.

The new NFT platform, dubbed Autograph, will target some of the biggest figures in sports, entertainment, fashion and pop culture, and provide a tool for unique digital collectibles, a Brady representative told CNN on Tuesday. The platform is expected to launch this spring.

Autograph CEO Dillon Rosenblatt said that the platform will bring together “some of the world’s most iconic names and brands with best in class digital artists” in order to create and launch NFT pieces to a community of fans and collectors. Autograph will also have interactive offerings like live auctions and physical product drops, as well as in-person experiences.

According to CNN, Brady and entrepreneur Richard Rosenblatt will serve as co-chairs of Autograph. According to the company’s website, the board of advisors and…

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