What would you do if a hacker stole all your Bitcoin?
submitted by /u/eat-sleep-rave [link] [comments]
submitted by /u/eat-sleep-rave [link] [comments]
Everyone knows that US politicians will take money from everyone and don’t care the morality behind it. SBF was very prolific with his political donations to both republicans and democrats. It is obvious with his donations he was trying to buy influence with investors money. Many people have called on politicians to return the stolen…
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Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum. The asset extended this decline in the days that followed, but the downtrend this time was much more gradual. And yesterday, the coin may have found its bottom, as it has observed a sharp surge since then. The asset seems to have enjoyed some sharp recovery during the past day | Source: PEPEUSD on TradingView While the rise in the meme coin’s price has been rapid, the asset has still not fully recovered to the levels it had been at before the earlier plummet. But nonetheless, if PEPE can keep this momentum up, it’s possible that it might retest those levels soon enough. This latest rally has come as whales have been participating in some buying activity. According to Lookonchain on Twitter, an account that keeps track of moves being made by smart-money holders, two whales have bought sizeable portions of the meme coin using Ethereum during the past day. Related Reading: This AMD Ryzen Bug Can Compromise Your Crypto Wallet Keys The first of these humongous investors made a total purchase of around 874 billion PEPE using 600 ETH ($1.12 million), and at the time this holder made the transactions, the meme coin was floating around $0.000001286, meaning that by now, the investor would have made a profit of more than 9%. Looks like the investor has made some sizeable purchases during the past day | Source: @lookonchain on Twitter As a Twitter user in the comments has pointed out, this whale (who goes by “yougetnothing.eth”) has been quite the enthusiastic altcoin trader during the last three months. The other whale who made a large PEPE purchase today was a little late to the party, as they bought 658 billion PEPE with 500 ETH ($938,000) while the meme coin’s price was trading around $0.000001366. This investor bought around six hours after the previous whale | Source: @lookonchain on Twitter This holder is also in profit, obviously, but their gains would be just around 3% at the moment, notably less than what the other whale would have managed to make. Related Reading: Bitcoin Exchange Supply Only Slips Further Despite Price Decline The latest rise in PEPE has come as the original meme coin, Dogecoin, has also been enjoying bullish winds recently. While the former is still significantly in the red in the past week, the latter has outperformed the top assets with its 15% gains. PEPE Market Cap The sharp 13% surge during the past day has naturally meant that the meme coin’s standing in the wider cryptocurrency market has improved. At present, PEPE is 71st on the market cap list, as its total valuation is around $552 million currently. At the time of writing, PEPE is trading around $0.000001408, up 13% in the last day. The token’s standing amongst its peers | Source: CoinMarketCap Featured image from iStock.com, chart from TradingView.com
Volatility of the Bitcoin price in US dollars BTC has been trading in a range between USD ~25,000 and ~31,800 since March. This week, BTC/USD historical 30-day volatility reached its lowest point since the start of 2020. This type of environment historically has not persisted for long, data analysis suggests that some of the…
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Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm.
Normally, when a company is found to have invested in an encrypted file-sharing app to profit off illicit data, including child pornography, people try to distance themselves from it. But putting the child pornography stuff aside for a moment, is there anyone looking out for Ethereum as an economy (not a business or financial instrument)?…
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It's the big upgrade for rollups which will supposedly reduce fees another 10x. I heard it was going to come in 2023 but then people stopped talking about it. submitted by /u/3141666 [link] [comments]
submitted by /u/DizzyMammoth21 [link] [comments]
Bitcoin casts off a U.S. GDP “nothingburger” but DXY charges to two-week highs in what is traditionally a BTC price headwind.
Arguably the most important takeaway from yesterday’s FOMC meeting was that the U.S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today. Fed Chairman Jerome Powell’s statement during the FOMC press conference seems to have eased investor concerns, leading to a swift recovery in both tradfi and crypto. However, historical data suggests that caution may be warranted as the potential for recession remains a looming concern (although Powell said otherwise). Signals For A Recession Remain Strong Prominent financial experts have raised their voices about the current economic situation. Steven Anastasiou, a noted economist, warns about the significance of the recent decline in the annual average M2 growth, which stands at -2.7% YoY. He draws parallels with some of the most challenging economic periods in history, stating, “With M2 falling, history suggests that continuing with aggressive tightening is a dangerous proposition… a falling M2 money supply has generally been correlated with economic depressions & panics.” Anastasiou also highlights the deflationary pressures in the economy, as reflected by the 12 consecutive monthly declines in the US Consumer Price Index (CPI) growth rate. Drawing parallels to a deflationary bust seen in 1920-21, he emphasizes that “now is not the time to be delivering any additional tightening.” As we know, Powell did the opposite yesterday, raising the federal funds rate to a level not seen in 22 years. Related Reading: Why Is Bitcoin And The Crypto Market Up Today? Jurrien Timmer, director of global macro at financial giant Fidelity, shared insights from historical data on recessions. He notes that the lead times between changes in monetary policy and the subsequent economic consequences can vary significantly. Looking at past cycles, he observes, “The monetary policy cycle tends to lead the economic consequences to varying degrees.” The lead time ranged from 2 months to as much as 19 months, depending on the economic circumstances. During the 1970 cycle (when structural inflation was getting underway and the Nifty Fifty was born), “peak policy” led the recession by 19 months. In 1973-74, it was only 2 months. In 1990, (the S&L crisis), it was 16 months. In 2001, (tech bubble) it was 3 months, and in 2008 (GFC) it was 14 months. Another warning signal is the inverted yield curve, known for reliably foreshadowing economic recessions. The inverted yield curve is currently hitting levels unseen in over 40 years (since 1981), screaming recession. Gold bug Peter Schiff therefore remarked: The talking heads on CNBC all agree that if the U.S. enters recession, it will be a baby recession. Not only is recession a certainty, but it won’t be a baby. It will be the grand daddy of recessions. It will be so large that a more appropriate term to use will be a depression! Impact On Bitcoin And Crypto Amidst these economic concerns, the crypto is writing green numbers across the board. However, a recession is meaning uncertainty for Bitcoin. Unlike traditional assets, Bitcoin has not experienced a recession, leaving investors uncertain about its resilience in times of economic turbulence. While some tout Bitcoin’s “safe haven” potential, others argue that it might behave more like a risk asset, making it less attractive during a recession. Related Reading: Crypto Analyst Predicts Bitcoin To Drop By 20% In Coming Weeks Macro analyst Henrik Zeberg and the founders of Glassnode, Yann Alleman and Jan Happel, believe that “we are going to have the largest Crisis since 1929. First Deflation – later Stagflation. But first – #BlowOffTop”. In this scenario stocks, Bitcoin and crypto could rally hard before a recession “suddenly” hits the market. However, no one knows how the economy will react this time. Therefore, the coming two months and their macro data (CPI, PCE, jobs, unemployment rate, earning, etc.) will be indicators for Bitcoin and crypto investors to follow (just as J-Pow tirelessly repeated yesterday – “data dependency”). At press time, the Bitcoin price continued its slow grind up, trading at $29,523. Featured image from iStock, chart from TradingView.com