Tag: Cash

Satoshi Nakamoto’s Busy Few Months Building the Revolutionary ‘P2P Electronic Cash’ Network

Bitcoin is, as Nakamoto described it, an electronic, peer-to-peer currency-like system. It could “become” a currency so long as people ascribe value to it, and that could happen for any number of reasons like wanting to collect interesting things or needing an alternative to using credit cards online, he had suggested. “Bitcoins have no dividend or potential future dividend, therefore not like a stock,” he wrote.” “More like a collectible or commodity.” Source

BH Token stolen funds funneled into Tornado Cash

Funds stolen in a prior exploit have reportedly been channeled into Tornado Cash, totalling an estimated 1,500 BNB now within the mixer. Deposits into Tornado Cash According to an Oct. 11 from Certik, an exploit occurred on BH Token (BlackHole token), resulting in an exploiter (0xFDb) acquiring $1.2 million USDT, which was later converted to BNB and deposited into Tornado Cash, an Ethereum-based privacy tool. Now, in a follow-up development dated Oct. 19, the malicious actor responsible for the theft has channeled stolen funds into Tornado Cash, has deposited a…

Time To Cash Out? Bitcoin’s 4-Hour RSI Triggers Sell Indicator

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Bitcoin (BTC) has retraced to the $28,400 level following a failed breakout above $30,000, resulting in a high rate of liquidations for both long and short positions.  Additionally, the recent fake news surrounding the approval of Blackrock’s spot Bitcoin Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission has disrupted the upward trend and introduced new bearish indicators in the Bitcoin market. RSI Screams Sell Renowned trader and crypto analyst Ali Martinez suggests selling BTC based on its 4-hour chart Relative Strength Index (RSI) indicator. His simple trading strategy…

Tradecurve Markets aims to reshape crypto exchanges, Arbitrum and Bitcoin Cash uptrend slowing

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In the last bull run, Arbitrum and Bitcoin Cash were bullish. However, after failing to maintain the momentum, they are struggling and posted deep losses. Conversely, Tradecurve Markets aims to disrupt the crypto exchange scene. Arbitrum bullish trend ends In the last rally, ARB prices posted sharp gains, rallying from $0.75 in early September to $0.99, the highest since August. However, it found resistance at $1.00, retracing.  ARB may contract, falling to immediate support at $0.910 in a retracement. Despite this drop, there are indications that ARB may resume its uptrend.  Chainlink…

Bitcoin Is Better than Digital Gold and Huge Cash Inflow to Crypto Assets Is on Horizon

The firm believes the approval of a spot Bitcoin ETF in the United States will trigger an influx of over $30 billion in subsequent months. The mainstream adoption of Bitcoin (BTC) by institutional investors has put the gold market on notice with a possible decoupling in the coming few years. According to a report by Matrixport, Bitcoin is about to challenge gold as a store of value due to the simple fact that the former has outperformed the latter in the past years. Additionally, the demand for Bitcoin has significantly…

French Train Manufacturer Alstom Shares Fall 35% Following Reduced Free Cash Flow Forecast

Alstom highlighted reasons for the free cash flow reduction for H1 of the fiscal year, and predicted a reduced figure for the full year. Shares in French train manufacturer Alstom crashed by more than 35% following a reduction in the company’s forecast for free cash flow. As of this writing, Alstom shares are selling at €13.76, a 35.88% plunge from its previous close at €21.46. Alstom published a press release containing preliminary financial information for the first half of fiscal 2023/24. The first half ending September 30, saw the company’s free cash…

Bitcoin Cash Price Won’t Go Down Quietly

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Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220. Bitcoin cash price is showing positive signs above the $220 level against the US Dollar. The price is trading above $220 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $238 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could start a fresh…

CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy

Key Takeaways * By 2028, only 9% of all payments are expected to be made in physical currency. * Central Bank Digital Currencies (CBDCs) are under development, but their design raises questions about privacy and personal freedom. * Critics argue that digital payment systems, unlike cash, can be monitored and can refuse service without consequence. The Inevitable Decline of Cash According to a report by the World Economic Forum dated September 26, 2023, the use of physical cash has been declining at a rate of approximately 15% each year since…

Cisco Acquires Cybersecurity Firm Splunk for Massive $28B in Cash

This is Cisco’s largest acquisition till date as the company plans to amp up its cybersecurity division to boost the company’s revenue. In a major announcement on Thursday, September 21, America’s digital communications and technology giant Cisco announced the acquisition of cybersecurity firm Splunk for a staggering $28 billion. The $1578 per share cash deal is Cisco’s largest acquisition to date. Acquisition of Splunk by Cisco On Thursday, Splunk’s shares surged by a 21% increase in value, whereas Cisco’s shares ended the day with a 4% decline. Splunk’s technology is…