Bitcoin has become central to a troubling incident
involving the video game developer Insomniac Games, known for its highly acclaimed Marvel’s Spider-Man series. Reports reveal that the company has been targeted in a hacking incident, with the hacking group Rhysida demanding a ransom of 50 Bitcoin, equivalent to approximately US$2 million. Rhysida has threatened to leak sensitive information about the upcoming Marvel’s Wolverine game unless the payment is made within seven days. This incident highlights the vulnerability of the gaming industry and the use of Bitcoin as a means of extortion, raising concerns about security measures and response strategies for gaming companies facing such ransom demands. $BTC
RIPPLE CEO ACKNOWLEDGES XRP ARMY’S INFLUENCE AMID LEGAL VICTORIES
In a recent address, Ripple CEO Brad Garlinghouse expressed his gratitude towards the XRP Army for their unwavering support during the company’s legal battles. This acknowledgment comes on the heels of Garlinghouse’s inclusion in CoinDesk’s list of the most influential people in the digital assets and Web3 space for 2023. Ripple‘s 2023 has been marked by significant milestones, including a crucial legal victory against the U.S. Securities and Exchange Commission (SEC).
Boomers Interested In Bitcoin, Market Won’t Allow BlackRock To Buy BTC Below $60k
Bitcoin To $60,000 In Progress?
According to Mike Alfred, who claims to be a value investor and a board director, the market will “unlikely” allow BlackRock to purchase BTC below $60,000. Taking to X on December 4, Alfred said BlackRock and other Wall Street players keen on issuing spot Bitcoin ETFs would have to “buy for Boomer’s 401k plans for at least $60,000.”
This preview stems from the rapidly growing demand among institutional investors, as seen by the number of Wall Street players willing to issue complex derivatives tailored for, among other investors, “baby boomers,” most of whom are “approaching retirement.” With their substantial retirement savings, baby boomers increasingly recognize BTC’s potential as a hedge against inflation and a store of value.
Cryptocurrency's Epic Rebound: The Bull Run is Imminent The cryptocurrency market has been on a rollercoaster ride, experiencing both meteoric rises and gut-wrenching plunges. However, amidst the recent downturn, there are strong indications that the next bull run is not only inevitable but also poised to be even more powerful than the last. Signs of an Impending Bull Run The market is primed for a resurgence, evidenced by several key factors: • Whale Accumulation: Large investors, known as whales, have been aggressively accumulating Bitcoin, signaling their long-term bullish conviction. • Rising Hash Rate: The Bitcoin network's hash rate, a measure of computing power, has been steadily increasing, indicating heightened network security and miner confidence. • Technical Indicators: Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a potential reversal in the market trend. Potential Catalysts for the Bull Run Several catalysts could trigger the next bull run: • Regulatory Clarity: Governments worldwide are moving towards clearer regulatory frameworks, alleviating uncertainty and encouraging institutional investment. • Major Company Adoption: Large corporations are increasingly adopting cryptocurrency, boosting its credibility and driving mainstream adoption. • Technological Advancements: Breakthroughs in blockchain technology and decentralized applications (DApps) could expand cryptocurrency's use cases and attract new users. Personal Opinion: A Bull Run of Epic Proportions I strongly believe that the next bull run is not just imminent but also poised to be the most powerful yet. The market has undergone a period of consolidation and correction, setting the stage for a massive surge in prices. The confluence of factors mentioned above, coupled with growing global adoption and technological advancements, points towards an unprecedented bull run. NOTE : its not a financial advise, do your own research.
If you have any doubts abot #Binance read this, it is worth noting that despite recent developments " binance approved to pay what ever to shut down the SEC allegations (which i see bullshit)" where some users may be considering migrating to other exchanges like OKX or Coinbase, it is important to recognize that these users might be overlooking the immense capabilities and resources that Binance possesses. Binance, being one of the largest and most trusted cryptocurrency exchanges worldwide, has amassed a staggering user base of over 100 million and boasts a daily trading volume exceeding $100 billion. Additionally, Binance's wide range of features and services sets it apart from its competitors. From spot trading, margin trading, and futures trading to staking and lending, Binance offers a comprehensive suite of tools that caters to the diverse needs and preferences of its users. This extensive offering allows individuals to explore various investment strategies within the cryptocurrency market, maximizing their potential returns. When it comes to security, Binance has demonstrated a strong commitment to safeguarding user funds. The exchange employs stringent measures such as cold storage, where the majority of assets are stored offline, mitigating the risk of potential security breaches. Furthermore, the implementation of two-factor authentication (2FA) adds an extra layer of protection to users' accounts, ensuring their assets remain secure. Considering the information shared, it becomes evident that Binance's capabilities and contributions to the cryptocurrency space surpass that of any other exchange or foundation. , coupled with its extensive resources, make it an industry leader. I only Written this becuse a lot of people askd me what to do and the users may be considering to run to other platforms, it is essential to recognize that Binance's track record, global reach, and commitment to serving the crypto ecosystem make it the preferred choice for many. By choosing Binance, and also for its resources that keeping in unbeatble.
$The Future of Cryptocurrency: Is it Really a Bubble? Cryptocurrency has gained significant attention in recent years, with Bitcoin and other digital currencies experiencing substantial value growth. Opinions on whether cryptocurrency represents the future of money or a looming bubble vary widely. This article explores the future of cryptocurrency and its bubble potential by examining factors influencing its price trajectory. It delves into the impact of increasing adoption by businesses and individuals, as well as the scarcity of Bitcoin, which could drive prices upward. Conversely, the article acknowledges the potential downward pressures on cryptocurrency prices. It highlights the market's inherent volatility, presenting risks for investors. Government regulation also poses a factor that could dampen demand and lower prices as authorities grapple with establishing effective frameworks. In conclusion, determining whether cryptocurrency is a bubble remains uncertain. The article acknowledges both upward and downward price-driving factors. While cryptocurrency may continue to appreciate and become a mainstream currency, there is also a possibility that it may fade as a passing trend. Regarding personal predictions, the author believes cryptocurrency holds potential as a valuable asset but stresses the importance of understanding associated risks. They advise conducting thorough research and only investing funds one can afford to lose. Short-term price fluctuations are expected, but an overall long-term upward trend is anticipated. Bitcoin is viewed as the most valuable cryptocurrency, with Ethereum and Litecoin also perceived as having growth potential. $BTC $ETH $BNB
BITCOIN Update: So far, the price remains stable below the strong resistance zone of $38,000 - $40,000. There is no significant new development in the market, as Bitcoin has been moving within a very narrow range throughout November. My advice is to stay away from trading Bitcoin at the moment and wait for the upcoming action (breaking out of the current range), whether it is an upward or downward move, in order to see a broader range of movement that may present trading opportunities.
In addition, please consider following and liking for more updates on the latest developments in the cryptocurrency market. Stay informed and stay connected for valuable insights and analysis.
BTC broke the old high as i said it still bullish tell me what think in the comment below.
this is not financial advise do your own search
Joker Jr
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Bullish
$$Bitcoin's volatile phase may have ended — Here's why BTC
BTC was down by nearly 1% over the last 24 hours. Social metrics were high, but other indicators looked bearish. Bitcoin [BTC] has not been very volatile of late, as its price took a sid
In my opinion it still bullish, tell me what you think in the comments below.
Why Fed Policy Will Push Bitcoin and Gold to New Highs after Spot BTC ETF Approval
According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as the United States Federal Reserve changes course. In a Bloomberg interview, Novogratz shared optimism for these assets based on expectations that the Fed will become less aggressive with its policies. Since it looks like the Fed is shifting from tough tightening policies, Novogratz believes the US central bank will spark an increased willingness among investors to take on more risks across various markets. Also, the US dollar has already shown declines as traders anticipate future Fed rate cuts in prices. Economically, Novogratz sees meaningful slowing in the US early next year, clearing the way for Fed rate cuts by mid-2024. Recent dollar weakness could show a long-term change as well. Despite the shifting situation, Novogratz stays strongly positive on Bitcoin (BTC), especially if Wall Street giants like BlackRock or Fidelity join the physically backed ETF train. For Bitcoin, Novogratz notes some possible supports, including physically-backed ETF approvals, less selling activity from long-term holders, and reduced creation of new coins which will be introduced by the upcoming halving event next year. Under this situation, he believes Bitcoin could go beyond its old all-time highs next year.
Floki’s TokenFi Beats Dogecoin and Shiba Inu in Recent Price Action DOGESHIB
TokenFi, the sister digital asset of the Floki ecosystem, recorded a substantial 24-hour high, while competing meme-themed projects like Dogecoin (DOGE) and Shiba Inu (SHIB) barely saw comparable price action. According to data from CoinMarketCap, TokenFi has grown by over 8.9% in the last 24 hours, from a low of $0.02626
$$Bitcoin's volatile phase may have ended — Here's why BTC
BTC was down by nearly 1% over the last 24 hours. Social metrics were high, but other indicators looked bearish. Bitcoin [BTC] has not been very volatile of late, as its price took a sid
In my opinion it still bullish, tell me what you think in the comments below.
Cardano’s Hoskinson and XRP Community Clash Over Accusations and Conspiracy Claims XRPADA
a recent turn of events within the cryptocurrency sphere, Charles Hoskinson, the co-founder of Cardano (ADA), found himself embroiled in a heated clash with members of the XRP community. $ $XRP
MicroStrategy buys $593.3 million in bitcoin, may raise up to $750 million in new stock sale
MicroStrategy, a software firm best known for its bitcoin, has purchased more and may raise additional funds through the sale of new shares. $BTC by theblock.co
Bitcoin On-Chain Metric Forms Bearish Divergence, Top Here? $BTC On-chain data shows a Bitcoin indicator has been forming a bearish divergence for a while now, a sign that the top may be close for the asset. Bitcoin Short-Term Holder SOPR Has Been Moving Opposite To Price Recently As an analyst in a CryptoQuant Quicktake post, a bearish divergence has been brewing in the Bitcoin
Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels
Ethereum (ETH) competitor Cardano (ADA) is currently sitting in a “key demand zone,” says crypto analyst Ali Martinez. Martinez tells his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38.
Navigating the Cryptocurrency Rollercoaster: A Guide for Aspiring Traders
Venturing into the world of cryptocurrency trading can be an exhilarating yet daunting experience. The rapid price fluctuations and the emotional rollercoaster it can induce often overwhelm new traders. However, with the right approach and mindset, you can successfully navigate this dynamic landscape and achieve your financial goals. Embrace the Thrill and Prepare for the Ups and Downs The cryptocurrency market resembles a wild rollercoaster, with prices surging and plummeting rapidly. Emotions can run high, leading to impulsive decisions that can jeopardize your investments. Remember, this market is a long-term endeavor, not a quick-fix scheme. Knowledge is Power: Arm Yourself with Information The cryptocurrency ecosystem is driven by a complex interplay of factors, including technology, regulation, and investor sentiment. Before embarking on your journey, equip yourself with knowledge. Comprehend the underlying principles of blockchain and cryptocurrencies. Research various projects and their potential applications. Stay informed about industry news and regulatory developments. Remember, cryptocurrency trading is not a zero-sum game. There's ample room for everyone to thrive. Focus on building your knowledge base, honing your trading skills, and managing your emotions. With the right approach, you can successfully navigate the cryptocurrency rollercoaster and achieve your financial aspirations.
Navigating the Cryptocurrency Rollercoaster: A Guide for New Traders Venturing into the world of cryptocurrency trading can be an exhilarating yet daunting experience. The rapid price fluctuations and the emotional rollercoaster it can induce often overwhelm new traders. However, with the right approach, mindset, and strategy, you can successfully navigate this dynamic landscape and achieve your financial goals. Embrace the Ride and Prepare for the Ups and Downs The cryptocurrency market is akin to a wild rollercoaster ride, with prices surging and plummeting at breakneck speed. Emotions can run high, leading to impulsive decisions that can jeopardize your investment. Remember, this market is a long-term endeavor, not a quick-fix scheme. Knowledge is Power: Arm Yourself with Information The cryptocurrency ecosystem is driven by a complex interplay of factors, including technology, regulation, and investor sentiment. Before embarking on your journey, equip yourself with knowledge. Comprehend the underlying principles of blockchain and cryptocurrencies. Research various projects and their potential applications. Stay informed about industry news and regulatory developments. Discipline: Your Anchor in Turbulent Waters Cryptocurrency trading is not a get-rich-quick scheme. It demands patience, discipline, and a long-term investment horizon. Develop a sound trading strategy and stick to it. Avoid making emotional decisions based on fear or greed. Invest only what you can afford to lose. Emotional Resilience: The Secret Weapon The cryptocurrency market can be an emotional rollercoaster. One day, you're soaring high, and the next, you're staring at a sea of red. Emotional resilience is crucial for navigating these ups and downs. Don't let fear or greed cloud your judgment. Stay calm, rational, and focused on your long-term goals. Remember, cryptocurrency trading is not a zero-sum game. There's ample room for everyone to thrive. Focus on building your knowledge base, honing your trading skills, and managing your emotions. #JOKER #new #Be_patient
Binance is set to cease support for Binance USD (BUSD) starting December 15th, following Paxos’ decision to stop minting new BUSD coins.Users are advised to withdraw or convert their BUSD into other assets before December 15th, after which withdrawals will be disabled and remaining balances converted into First Digital USD (FDUSD).This phase-out affects various Binance services, including spot trading, futures, margin trading, and other financial products, marking a significant change in the cryptocurrency exchange landscape.