The cryptocurrency market entered December with major movements and remarkable innovations, consolidating its global relevance. Check out the recent highlights:
1. Bitcoin at New All-Time High
Bitcoin has hit the $100,000 mark, reflecting growing interest from both institutional and retail investors. Despite swings to as high as $90,000, trader confidence remains high, driven by expectations surrounding the upcoming halving and the inflow of institutional capital  .
Darknet market owner arrested in New York: FBI solves case with cryptocurrency tracking 🚔
Rui Xiang Lin, 23, known as “Faron”, was detained at JFK Airport, accused of operating Incognito Market, a darknet drug market valued at US$$ 100 million. 🤯
The FBI tracked cryptocurrency transactions, unmasking Lin's true identity and linking him to the illegal platform. 💻
Manhattan prosecutors said Lin transferred funds from the market wallet to a personal exchange account, revealing his involvement. 📊
FBI task force agent Mark Reubens stated that the cryptocurrency trail led directly to Lin, connecting the darknet site to his exchange account. 💸
Lin faces federal charges, representing an important victory in the fight against criminal activity on the darknet. 👮♂️
“Satoshi Nakamoto is the main holder of bitcoins, owning approximately 1.1 million BTC. He is the creator of Bitcoin and was the first miner to mine blocks of transactions. Satoshi is estimated to have mined more than 22,000 blocks since Bitcoin's inception in 2009, receiving more than a million bitcoins as a reward. He currently holds more than 1.1 million BTC, distributed across around 22,000 different addresses. These bitcoins have not been spent since Satoshi left the project in 2010.
In addition to Satoshi, other significant bitcoin holders include the Winklevoss twins, who acquired around 70,000 BTC following a deal with Mark Zuckerberg. Tim Draper initially purchased 40,000 BTC but lost it in the Mt. Gox hack; however, he purchased an additional 29,656 BTC in 2014. Michael Saylor, founder of Microstrategy, was revealed to personally own 17,732 BTC. Additionally, several companies, such as Microstrategy, BlackRock, and Grayscale, have large amounts of bitcoins on their balance sheets.
‼️‼️‼️ KEEP CALM, WHAT IS HAPPENING NOW IS ABSOLUTELY NORMAL ‼️‼️‼️
😃🖖 Greetings everyone,
As you can see, the market as a whole is experiencing a slowdown, especially BTC, and almost all other markets are following the same pattern. There are two main reasons for this at this time.
Firstly, the tension between Iran and Israel has led many people to sell their assets, especially in the Middle East region. Additionally, the Bitcoin halving event is contributing to market volatility. Historically, Bitcoin has suffered a 25-40% drop before the halving, followed by a rise and reaching higher prices after the event. Therefore, if you already have any coins, DO NOT SELL. Instead, wait for the increase. After the halving, everything should return to normal, and we can expect to see all coins going up (with some exceptions, of course). So DON'T PANIC AND WAIT.
If you are thinking about investing, NOW IS THE RIGHT TIME to do so. However, remember that in spot trading, PATIENCE is key and NEVER sell at a loss. HOLD and WAIT, BUY at DIPS and SELL for a profit. This is how it works in spot trading.
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Beware of a possible rise 🚀🚀 which is expected to happen in two weeks, with just 12 hours before a sharp drop.
It can be tempting to see the market rising and think it's a good time to invest, but stay alert! This is a tactic used by large cryptocurrency investors to attract unsuspecting investors.
Called the “hook fantasy”, this strategy involves large investors injecting money into the market, leading less experienced investors to think it is a market recovery.
But be careful! That is a trap. Many small investors enter the market looking for profit, but end up losing money when large investors withdraw their capital.
Meanwhile, large investors flock to other cryptocurrencies to increase their value, leaving smaller investors struggling to keep up, and often losing money.
😬 There was a mistake in transferring 499,000 USDT to Tether; now the tokens are lost 😬😬
It appears that the cryptocurrency user copied the wrong link and accidentally sent half a million dollars to the Tether smart contract.
Fortunately, since Tether is a centralized platform, the individual is likely to get their money back. Imagine if they had sent ETH to an Ethereum smart contract – it would be no laughing matter.
To avoid these mishaps:
▪ Make sure to check every digit of the recipient's address when sending large amounts. It's a simple precaution that can avoid major problems.
▪ When dealing with a new wallet, start with a minimum value transaction – for example, 1 USDT – to ensure everything is working properly.
Remember: Due to the decentralized nature of blockchains, once coins are sent to the wrong address, getting them back is highly unlikely.
Stay tuned with Crypto alert 🚨 #StaySafe#Alert#Tether#HalvingDoBitcoin#USDT🚨🔒