Day: December 22, 2022

Bitcoin Volatility Will Spike By End 2022, But Which Way?

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Bitcoin is stuck at its current levels, but the market might begin moving again before 2023 makes its entry. The key factors shaping global markets are changing, and cryptocurrencies are bound to follow the general trend into the new year.  As of this writing, Bitcoin trades at $16,800 with sideways movement in the last 24 hours. On higher timeframes, the cryptocurrency records a 6% loss. Other assets in the crypto top 10 by market capitalization are moving in tandem with BTC and record losses in this period.  BTC’s price moving…

This Bitcoin Ratio Declines To Four-Year Low

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On-chain data shows a Bitcoin ratio has hit the lowest value since February 2019, something that may suggest the bottom could be near for the current cycle. Bitcoin SOPR Ratio Hits Lows Not Seen Since 4 Years Ago As pointed out by an analyst in a CryptoQuant post, the SOPR Ratio has a value of just 0.53 right now. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors as a whole are selling at a profit or at a loss currently. There are two…

How Often Does The Christmas Miracle Occur In Crypto?

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With Christmas almost here, hopes for a Santa Claus rally in Bitcoin and the rest of crypto are fading fast. But what exactly is the phenomenon, and how often has the Christmas miracle occurred in the past? What’s A Santa Claus Rally? The Most-Wished For Gift By Bitcoin Bulls A Santa Claus rally is defined as a “calendar effect” that occurs right around the holidays. According to Investopedia, there’s some slight disagreement over the exact timing of a Santa Claus rally. One camp claims its the lead up to Christmas…

Sam Bankman-Fried Released on $250M Bail Secured by Parents

Bankman-Fried, who was brought to the U.S. overnight by the Federal Bureau of Investigation after his extradition from the Bahamas cleared on Wednesday, arrived at the courthouse in New York to face the U.S. felony charges for the first time. The case in the U.S. District Court for the Southern District of New York centers on accusations of fraud, money laundering, and campaign-finance violations. Source

The driving forces behind crypto adoption in Latin America in 2022

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Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for crypto adoption across Latin America in 2022, sources in the region told Cointelegraph, with exciting examples of progress across many countries.  Latin America made up 9.1% of the global crypto value received in 2022, reaching $562 billion between July 2021 and June 2022 — representing growth of 40% in the period. Four Latin American countries ranked among the top crypto adopters in the latest Chainalysis Global Adoption Index. Major developments have contributed to these results…

Financie Commenced to Prepare for the IEO of Entertainment DAO Project “SUPER SAPIENSS” Led by Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato – Press release Bitcoin News

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press release PRESS RELEASE. ”SUPER SAPIENSS NFT” Public-Sale on December 24. Financie, Inc. (headquarters, Tokyo; CEO, Hironao Kunimitsu; hereinafter “Financie”) has commenced to prepare for the IEO (*1) of the entertainment DAO project “SUPER SAPIENSS”. Additionally, “SUPER SAPIENSS NFT” will start a public sale from 24rd December, 6 am(EST) available for anyone. SUPER SAPIENSS NFT https://supersapienss.com/nft/ SUPER SAPIENSS https://supersapienss.com/ Financie has launched the IEO support business in July 2022 to expand the “community-driven” creator economy. Financie will support the entity/group to develop and create the token economy, the structure, analyze…

Brazilian president signs crypto bill into law

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Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method within the country. In a Dec. 22 publication of the official journal of the federal government of Brazil, Bolsonaro’s office said the president had signed bill 14.478 into law following approval from the country’s Chamber of Deputies. The legislative body sent the bill to the president’s desk on Nov. 29 as the final step in recognizing crypto payments. According to…