Normally, the only way to access one’s crypto funds is through their private key, which, thanks to advances in cryptography, would take nothing less than an advanced futuristic quantum computer to decipher. That said, mafias and gangs have managed to think outside the box. Instead of wasting their efforts on breaking the underlying cryptography, they’ve turned their attention to targeting crypto owners, themselves. A $5 wrench attack is when someone finds out you have a lot of crypto and physically attacks or threatens you for your private keys. On Wednesday,…
Month: February 2022
Bitcoin Nosedives Below $38k As Tech Stocks Take A Beating, Pandemic Gains Disappears
Bitcoin was down in the afternoon session on Wednesday, as bargain hunters and dip takers failed to maintain this morning’s momentum. The premier crypto continues to maintain price action similar to tech stocks. Bitcoin Price Falls Bitcoin sank below $38,000 as Wall Street opened, giving up half of the gains made on Feb. 1. Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dipped below $38,000 as Wall Street opened, giving back half of the gains made on Feb. 1. Bitcoin’s price has risen above $39,000 after a…
Neopets Pitched a Metaverse Pivot. Fans Balked
What’s crypto’s hottest play-to-earn, NFT-based pet game? If you guessed Axie Infinity, you’re right – but the Neopets Metaverse team wants to change that. At least, that’s the stated plan. The project, which launched last September, aims to bring the once-popular pet collecting game – which peaked in the early 2000s and has been on a slow decline ever since – into the Web 3 era. According to an October 2021 Medium post, the Neopets Metaverse team plans to create a “vast immersive environment where players can interact” and establish a…
Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government – Regulation Bitcoin News
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by Russians Russian citizens own cryptocurrencies worth over 16.5 trillion rubles (around $215 billion), according to an estimate referred to by authorities in Moscow, Bloomberg reported. The figure has surfaced as government institutions are trying to…
Paradigm Offering ‘Futures Spread Orderbooks’ on Deribit and Bybit
CryptoX – Cryptocurrency Analysis and News Portal A futures spread trade is an arbitrage technique where a trader takes two positions on a commodity to capitalize on a discrepancy in price. So a trader buys one futures contract and sells another with a different expiry date. Instead of trading the price of the underlying asset – in this case, bitcoin or another cryptocurrency – based on the investor’s view of the future direction of the market, traders bet on the price difference between the two contracts. Source The post Paradigm…
Paradigm Offering ‘Futures Spread Orderbooks’ on Deribit and Bybit
A futures spread trade is an arbitrage technique where a trader takes two positions on a commodity to capitalize on a discrepancy in price. So a trader buys one futures contract and sells another with a different expiry date. Instead of trading the price of the underlying asset – in this case, bitcoin or another cryptocurrency – based on the investor’s view of the future direction of the market, traders bet on the price difference between the two contracts. Source
Coinbase, Genesis Highlight Massive Institutional Growth at MicroStrategy Conference
Speaking with MicroStrategy CEO Michael Saylor at the Bitcoin for Corporations conference, Head of Coinbase Institutional Brett Tejpauln said institutions now make up 50% of his company’s business, up from 10% three years ago. Alongside, Coinbase’s institutional group size has grown from about a dozen to 150. What Tejpauln began to see emerging in the last year, and what’s needed even more in coming years, is boosted liquidity as institutions need to know they can transact in large volume. A far more recent emerging theme, he said, is retailers showing…
Fed’s Hawkish Pivot May Not Last, Bitcoin Analysts Say
“I anticipate that we are to see some slowdown in” the pace of Fed monetary-policy tightening, said Edward Moya, senior market analyst at the foreign-exchange brokerage Oanda. “If there’s some cracks in the economy and the Fed goes slower, that is going to provide a spark here for bitcoin.” Original
Αξίζει το Mining στην Ελλάδα του 2021? | Dimis Vos
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Bitcoin evangelist Michael Saylor says clear crypto regulations would speed institutional adoption
Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as a major bitcoin believer and holder he’s looking for “clear, bright line definitions of digital property versus a digital security versus a digital currency and the operating rules of the digital exchange.” U.S. Securities and Exchange Commission Chairman Gary Gensler…