This Man Bought 5000 BTC For $26 In 2009, Then Forgot About It ⋆ ZyCrypto

In the realm of cryptocurrency, stories of incredible wealth made through minimal investments are rare but inspiring.  One such remarkable story belongs to Kristoffer Koch, a Norwegian individual who in 2009 decided to put a modest sum of approximately 150 Norwegian Krona (around $26 at the time) into Bitcoin. At that time, little did he imagine that this seemingly inconsequential choice would go on to redefine his entire life, ultimately culminating in a substantial fortune.  While working on his master‘s thesis, at age 25, Kristoffer Koch stumbled upon the concept of Bitcoin, a decentralized digital currency with the potential to disrupt traditional finance. At first, he was sceptical about Bitcoin’s future despite reading Satoshi Nakamotos 2008 white paper. Nevertheless, he decided to invest a small sum, acquiring 5,000 Bitcoin. However, like many, Koch forgot about his investment as he focused on his career and other life goals.  It wasn‘t until four years later, in 2013, that Koch stumbled upon news reports about Bitcoin’s meteoric rise in value and decided to check his long-neglected digital wallet. To his amazement, he found that his $22 investment had grown into a substantial fortune of about $886,000. Notably, with BTC trading at $26,274 at press time, those

2023-09-16Industriya

Tumalon sa 200,000 ang Shibarium Daily Transactions sa Nakakagulat na Paglago

Shiba Inu‘s Layer-2 blockchain solution, Shibarium, is experiencing consistent growth in the number of daily transactions, indicating the platform’s utility on an ongoing basis.  Now, daily transactions are hovering around 200,000, which is quite reasonable for a protocol that is less than a month old.  Shiba Inu lead Shytoshi Kusama announced the relaunch of Shibarium to the public on Aug. 28. Before this statement, Shibarium was operational but in private mode. On the day of the announcement, Shibarium saw 66,540 daily transactions.  Since the Aug. 28 relaunch date, the path has been on an upward trajectory, with daily transactions now stabilizing near 200,000 since Sept. 11. The prior day, Sept. 13, saw Shibarium notching daily transactions of 200,880.  The path remains bright for Shibarium, given its current pace of growth. Per the Shibarium scan, Shibarium has reached 2,533,656 total transactions; 1,245,793 wallet addresses and 623,978 total blocks.  The network utilization currently stands at 21.68%, which might imply that Shibarium could undertake more than it is doing presently without buckling.  It should be recalled that days after Shibariums initial launch, which saw it pause due to a massive influx of users, the Layer-2 solution had its operations scaled by over 1,500%, while measures were put in place

2023-09-16Industriya

Wells Fargo at ang crypto Ripple (XRP): malapit sa $500?

Recently, prospects of $500 value for the crypto Ripple (XRP) ay kinumpirma ni Wells Fargo, one of the top multinational financial institutions, within two to seven months.  Tingnan sa ibaba ang lahat ng detalye.  A growth potential for the crypto Ripple in the short term: predictions by Wells Fargo  As anticipated, after an initial victory for Ripple in a long three-year legal battle with the US Securities and Exchange Commission (SEC), positive forecasts for XRP have exploded.  Specifically, an important and optimistic forecast comes from Shannon Thorp, Business Development Manager at Wells Fargo, who suggested on X, via a tweet, that XRP could potentially reach $ 500.  Thorpe supported her bold claim by referring to the Bank of Englands “Cross Border Payments” 2023 report. This report predicts that the cross-border payments industry will reach an extraordinary market capitalization of $ 250 trilyon sa pamamagitan ng 2027.  As a result, Thorp argues that an XRP price of $500 would be better suited to support such a large market, stating that “a price of $500 for XRP simply does not seem sufficient to sustain such an amount.”  Moreover, Thorp is not the only one to advocate triple-digit prospects for XRP. In fact, another analyst known as XRP Captain on

2023-09-16Industriya

Hinihimok ng Top Democrat ang mga pederal na ahensya na pahusayin ang transparency sa mga merkado ng cryptocurrency

U.S. Senator Sherrod Brown, Chair of the Senate Committee on Banking, Housing, and Urban Affairs, has issued a clarion call to federal agencies, urging them to enhance transparency in the cryptocurrency markets. In a letter addressing Treasury Secretary Janet Yellen, Securities and Exchange Commission (SEC) Chair Gary Gensler, and Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam, Senator Brown emphasized the need for comprehensive disclosure in the digital assets sector.  The Senators call comes amid growing concerns about the lack of transparency in cryptocurrency markets, which he argues leaves the public susceptible to fraud, scams, and manipulation by insiders.  According to Senator Brown, the absence of accurate and useful investment information in the cryptocurrency markets has led to a proliferation of scams and hacks. Last year alone, nearly $10 billion was lost due to such illicit activities. The Senator criticized the crypto industry for resisting genuine transparency, stating that opacity serves the interests of sponsors, executives, and other insiders in the sector. He further noted that the lack of transparency allows these actors to profit at the expense of ordinary Americans, who are left in the dark about the risks associated with digital assets.  Regulatory measures and congressional oversight  While the House Financial Services

2023-09-16Industriya

Hindi na Nangungunang Aso ang Ethereum sa Mga Institusyunal na Namumuhunan sa gitna ng mga takot na bumagsak sa $1,000 ⋆ ZyCrypto

Ethereum  Hindi na Nangungunang Aso ang Ethereum sa Mga Institusyunal na Namumuhunan sa gitna ng mga takot na bumagsak sa $1,000 ⋆ ZyCrypto  52 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Head of Research at CoinShares, James Butterfill, revealed some concerning news in the latest European digital asset manager report. With a $59 million outflow in the past week, tensions are high in the crypto market. While Bitcoin was the asset that had the greatest losses, it seems Ethereum is headed for more pain, while overall trading volumes dropped by 73% from the previous week.  Institutional Outflows Remain High  While XRP saw inflows of $0.7 million, ETH outflows totalled $4.8 million, bringing the years total to $108 million. Butterfill said the lacklustre performance made ETH “the least loved digital asset amongst ETP investors this year.”  ETP, which stands for ‘Exchange-Traded Product’, includes a wide range of investment products designed to expose investors to various assets, such as ETFs, exchange-traded notes (ETN), and exchange-traded mutual funds (ETFM).  The recent FTX scare about a massive sell-off of tokens, which could potentially trigger larger price drops, further causes concerns. FTX lawyers asked the court to allow the liquidation of $3.4 billion in crypto assets. The Delaware Bankruptcy Court approved on

2023-09-16Ethereum

ADA Price Battles Low Volatility As Bulls Book Positions

Those seeking exposure to new long positions in ADA may want to wait until resistance at the descending channel has been weakened. This is to avoid sudden bull traps while ensuring the breakout allows for profit booking starting at $0.26.  Due to the lack of liquidity leading to a slump in the trading volumes, a massive breakout to $1, although anticipated might take longer to materialize.  Crypto volatility is at some of the lowest levels ever right now. ADA/USD 3 month daily annualised vol is at 67%, down from 100% a year ago. Going back to Feb 2018, 93% of the time volatility was higher  — ADA whale (@cardano_whale) Septiyembre 14, 2023  Key milestones likely to help traders and investors make informed decisions while ADA price climbs are the resistance/support areas highlighted by the 50-day Exponential Moving Average (EMA) (red) at $0.2701, the 100-day EMA (blue) at $0.2891 and the 200-day EMA (purple) at $0.3202.  Notably, the short-term outlook is much stronger with the MACD donning a vivid buy signal on the four-hour chart. ADA price is also sitting above support provided by the 50-day EMA at $0.2506, although the 100-day EMA at $0.2544 might delay the run-up to $0.26 and subsequently $0.3.  ADA/USD four-hour chart|

2023-09-16Industriya

Ang pivot ng Bitcoin sa paligid ng $26.6k: ang pangunahing antas ng presyo ay humuhubog sa gawi sa pangangalakal

Bitcoin  Ang pivot ng Bitcoin sa paligid ng $26.6k: ang pangunahing antas ng presyo ay humuhubog sa gawi sa pangangalakal  1 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Mabilis na Kumuha  A detailed examination of Bitcoins trading behavior reveals a pivotal price level around $26.6k. Over the last three years, cohorts from 2020, 2022, and 2023 have recorded realized prices closely aligning with this benchmark. Specifically, in 2020 the realized price was $26.6k, in 2022 it was $26.8k, and in 2023 it is currently $26.3k.  This demonstrates the importance of the $26.6k level as a significant financial marker in Bitcoin‘s trading. The 2023 realized price level has consistently served as a support level throughout this year, reinforcing this price point’s strategic role.  However, an outlier in this trend is the 2021 cohort, which is recording a realized price level around $35,000, marking a loss relative to the current trading price. Importantly, since October 2022, this cohorts realized price level has been on a downward trajectory. This decrease suggests a shift in market sentiment and trading behavior amongst this particular cohort.  Exchange Withdrawal Average: (Source: Glassnode)  The post Bitcoins pivot around $26.6k: key price level shapes trading behavior appeared first on CryptoSlate.

2023-09-16Bitcoin

Inilunsad ang Horizon Worlds ng Meta sa mobile at web sa maagang pag-access

Tech  Inilunsad ang Horizon Worlds ng Meta sa mobile at web sa maagang pag-access  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to peoples smartphones and computers.  The 3D avatar-based social platform announced in a Sept. 15 blog post that it has started rolling out its first Meta Horizon world to mobile and web in an early access state.  The only experience immediately available is Super Rumble, a free-for-all shooter that launched in late July, allowing two to six players to come together in fast-paced matches lasting five minutes. Meta said that more experiences and worlds will be coming to the platform over the coming months.  With the initial rollout, only a small number of people will be able to access it on the web or the Meta Quest app on Android, with an iOS rollout slated for the coming weeks.  “Early access will roll out to more people gradually as we gather feedback and evolve the experience,” said Meta.  “The metaverse should be available to everyone — no matter what device theyre on,” the tech giant added.  “And while Quest headsets are the most immersive way to access the

2023-09-16Industriya

Isa pang Pinaghihinalaang Hack sa isang Cryptocurrency Exchange: Malaking Outward Transfers

According to a statement published by cryptocurrency security company Cyvers, cryptocurrency exchange platform Remitano was hacked and lost $2.7 million worth of funds across three different chains.  Cyvers said that its artificial intelligence learning-based system detected multiple abnormal transactions on the Remitano exchange, resulting in the theft of funds from the Ethereum, Tron and Binance Smart Chain networks.  The company contacted Remitanos team to stop additional losses and begin efforts to recover the suspected stolen funds.  Cyvers also explained that 1.4 million USDT in Ethereum and 537,000 USDT in Tron were able to be frozen and recovered, preventing further damage to Remitano users.  However, the status of the remaining $763,000 in funds on Binance Smart Chain is still unclear. Cyvers said he worked closely with Remitano and other relevant parties to investigate the incident and track down the hackers.  Remitano, a relatively small cryptocurrency exchange, published a note stating that the coin deposit/withdrawal process was under maintenance after the hacking incident and announced that the situation would be resolved within 48 hours.

2023-09-16Industriya

HKMA Cracks Down On Crypto Banks With Warning Against Misleading Claims

The Hong Kong Monetary Authority (HKMA) has issued a stern warning on its official website, cautioning virtual asset institutions against making deceptive claims of being “crypto banks,” “virtual asset banks,” “digital asset banks,” “digital banks,” or “digital transaction banks.”  These institutions have also been cautioned against promoting their services as “banking services” or “bank accounts,” using the term “deposit” to describe customer funds, and advertising “savings plans” as “low risk” with “high returns.”  The HKMAs warning underscores that such practices could potentially violate the Banking Ordinance. According to this ordinance, only licensed banks, restricted license banks, and deposit-taking companies, collectively referred to as “authorized institutions,” holding licenses from the HKMA are permitted to conduct banking operations and accept deposits in Hong Kong.  The ordinance also makes it clear that anyone other than an authorized institution who operates under the name “bank” or suggests that they are involved in banking activities in Hong Kong commits an offense. Accepting deposits from the public without authorization is likewise an offense.  Additionally, the HKMA has reminded the public that virtual asset institutions not recognized as Hong Kong banks do not fall under the HKMAs regulatory oversight. Consequently, funds deposited with such institutions or platforms are not protected by

2023-09-16Industriya
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