Bitcoin Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

\"\" — Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$ Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
David Puell recently\u00a0tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$
The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$
The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$
The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9050,"post_author":"13","post_date":"2022-12-28 14:34:31","post_date_gmt":"2022-12-28 03:34:31","post_content":"\n
Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and power disruptions. According to\u00a0 data<\/a>\u00a0from BTC.com, the hashrate plunged 21% from 8.878 EH\/s to 6.945EH\/s towards Christmas day.\u00a0<\/p>\n\n\n\n
Several miners in the US have reported disrupted operations. Neil Galloway, the Director of Mining Operations at Compass Mining, said on Twitter<\/a>: \u2018\u2018Please be prepared for some ups and downs this weekend as we deal with the winter storm<\/em>,\u2019\u2019 adding that the company\u2019s sites in Texas were already experiencing a downtime.<\/p>\n\n\n\n
Some miners have closed operations completely, while others are restraining their power usage to ease the grid. Riot Blockchain\u00a0posted<\/a>\u00a0on Twitter on December 22 that it was shutting down its Rockdale facility in Texas to ensure the safety of its members amid the extreme weather.<\/p>\n\n\n\n
Core Scientific, another crypto miner that filed for bankruptcy protection on December 21, was also affected. The company\u00a0 posted<\/a>\u00a0 that \u2018\u2018it would be participating in multiple power curtailments to help stabilize the electricity grid\u2026 and that BTC production is expected to decrease during this time<\/em>.\u2019\u2019<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
Volatility In BTC Hashrate Causes Discussion Around Centralised Mining<\/h2>\n\n\n\n
Industry experts predict that BTC mining will continue to reduce during winter, as bad weather causes system malfunction. A new discussion has come up about the advantages of decentralized crypto mining. The CEO of Satoshi Act Fund, Dennis Porter,\u00a0 remarked<\/a>\u00a0on his Twitter page that the disruptions had less damage despite the bad weather.<\/p>\n\n\n\n
\u2018\u2018Over 30% of the Bitcoin hashrate has gone offline due to extreme weather in Texas, yet the global Bitcoin network continues to work perfectly. Now imagine if Amazon or Google tried turning off (a third) of their data centers.\u2019\u2019<\/em> He said. Other experts, however, think that the concentration of miners, mostly in the US, is behind the declining capacity. The country is one of the dominant mining hubs following a ban on cryptocurrency by China.<\/p>\n","post_title":"Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-hashrate-plunges-20-as-us-miners-battle-bad-weather","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:03","post_modified_gmt":"2023-04-10 07:53:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9050","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9042,"post_author":"15","post_date":"2022-12-28 00:37:30","post_date_gmt":"2022-12-27 13:37:30","post_content":"\n
Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. <\/p>\n\n\n\n
Historically, when the value of Puell Multiple visits the lower zone, the bitcoin price hits its 'bottom'. According to the chart, bitcoin began to recover when its price began to retract away from the bottom area. This behavior has been observed four times in the history of bitcoin. Since the revisit of the zone last June 16, 2022, the indicator has begun to exhibit the same behavior as before.<\/p>\n\n\n\n
$\"\"$ The Puell Multiple (courtesy of lookintobitcoin.com<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
David Puell<\/a>, an on-chain researcher at ARK Invest<\/a>, developed the 'The Puell Multiple' indicators. This indicator employs the top red zone to indicate when miner revenue is significantly higher while the lower green zone represents revenue loss. Many investors have used this signal to predict the bottom of the bitcoin market.<\/p>\n\n\n\n
David Puell recently\u00a0 tweeted\u00a0<\/a>his thoughts on the current market sentiment. He said that \"three factors are needed for a bull\" market to start. And as of now, item number 1 and 2 is evident, while the third item is currently \"underwhelmed\".<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Wallet Addresses Holding More Than 10 BTC Soar<\/a><\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/dpuellARK\/status\/1603937749547061248?s=20&t=okus20d4U9dCoq_x79KMuA\n<\/div><\/figure>\n","post_title":"Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-has-reached-its-bottom-according-to-a-top-analysts-indicator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:53:54","post_modified_gmt":"2023-04-10 07:53:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9042","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9010,"post_author":"12","post_date":"2022-12-24 01:36:45","post_date_gmt":"2022-12-23 14:36:45","post_content":"\n
After reports<\/a> of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed out over US$120,000.<\/p>\n\n\n\n
\n
On-chain data<\/a> taken from Digital Asset found that a wallet linked to the Luna foundation Guard (LFG) had moved 9.64 BTC, worth around US$120,000.<\/li>\n<\/ul>\n\n\n\n
\n
It is likely that Kwon will attempt to cash out the Bitcoins in Serbia with the various Bitcoin ATMs located in Belgrade and other cities around the country believes Digital Asset. There are currently 3 Bitcoin ATMs in Serbia, 2 in Belgrade, and 1 in Novi-Sad according to data<\/a> from Coin ATM Radar.<\/li>\n<\/ul>\n\n\n\n
\n
Since the collapse of LUNA and UST<\/a>, Kwon has been evading authorities through various movements around the globe. Kwon was wanted for arrest <\/a>by South Korean courts in September and a further red notice was issued<\/a> by the Interpol later just weeks after.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Reportedly Withdrew Millions Per Month Leading To UST Collapse<\/a><\/p>\n","post_title":"Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"do-kwon-cashes-out-almost-10-btc-after-fleeing-to-serbia","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/do-kwon-reportedly-withdrew-millions-per-month-leading-to-ust-collapse\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:58","post_modified_gmt":"2023-04-10 07:55:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9010","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8934,"post_author":"13","post_date":"2022-12-22 10:33:35","post_date_gmt":"2022-12-21 23:33:35","post_content":"\n
Kazakhstan is making significant progress in developing its central bank digital currency<\/a> (CBDC), having completed trial phases. In a report<\/a> released by the country\u2019s central bank, Kazakh is also planning to refine its CBDC prototype with plans to test with a few users underway.<\/p>\n\n\n\n
The major crypto-mining country is also seeking partnerships with other jurisdictions globally - with the introduction of offline capabilities and connections with non-bank mediators.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launc<\/a>h Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n
\u2018\u2018We will develop solutions for launching industrial operations and cooperate with other central banks on cross-border and currency-exchange operations\u2026 the unique advantages of the national digital currency relate to conducting a chain of transactions offline,\u2019\u2019<\/em> the statement said.<\/p>\n\n\n\n
Last December, Kazakhstan announced that it was working on a CBDC pilot in partnership with Corda - with a decision on an extensive development set for 2022. The step was followed by a collaboration with Binance to test the use cases of the e-tenge on BNB Chain.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest<\/a><\/p>\n\n\n\n
Kazakhstani Lower House Passes Bill Capping Energy Usage In Crypto Mining<\/h2>\n\n\n\n
Meanwhile, the central Asian country is continuing its crackdown on crypto mining activities to ease its overwhelmed energy supply. Kazakh lawmakers passed<\/a> a bill last Thursday to control energy on mining activities - including the introduction of corporate taxes. The legislation allocates 500 megawatts to miners with a clause permitting registered firms to purchase extra power from the government.<\/p>\n\n\n\n
Following China's ban on cryptocurrency mining in May 2021, Kazakh saw an influx of miners. Surging energy consumption in the sector forced the former soviet republic \u2013 then a net energy exporter \u2013 to start importing electricity. Also, in the new bill, Kazakhstani legislators are planning to introduce corporate taxes on the miners.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Mexico Central Bank To Issue A CBDC By 2025<\/a><\/p>\n","post_title":"Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kazakhstan-plans-cbdc-development-until-2025-passes-bill-capping-btc-mining","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:32","post_modified_gmt":"2023-04-10 07:58:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n
Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n
3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n
Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n
CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n
Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n
Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n
CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n
\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8835,"post_author":"15","post_date":"2022-12-16 18:44:40","post_date_gmt":"2022-12-16 07:44:40","post_content":"\n
Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD.<\/p>\n\n\n\n
\n
As of writing, the total bitcoin<\/a> left on exchanges is 2,118,769. It is 2.64% lower from a week ago and 13.52% lower before FTX's demise (39 days ago). The rapid outflow of bitcoin from centralized exchanges (CEX) makes its reserves extremely low.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin holders are now pulling their assets out of CEX due to the recent fallout and bankruptcy of FTX<\/a>. Followed by FUD, Binance has experienced massive withdrawals from the platform. According to Changpeng Zhao (Binance CEO), the FUD caused a \"stress test\"<\/em> to its system withdrawal functionality \"which in turn helps to build the credibility for exchanges that pass the test.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
Holders decided to store their assets personally on hard drives such as Ledgers<\/a> and Trezors<\/a>. In a recent AMA (Ask Me Anything) hosted by CZ, he worries that holders who choose \"self-custody\"<\/em> will lose their assets. Their research shows people lost more assets in self-custody than in centralized exchange issues, usually due to the misplacement of private keys.<\/li>\n<\/ul>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Exchange Reserve - All Exchanges (courtesy of CryptoQuant<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n
See Related<\/strong><\/em>: Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Bitcoin Exchange Reserves Hit New Lows","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-exchange-reserves-hit-new-lows","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:46","post_modified_gmt":"2023-04-10 08:02:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8835","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Bitcoin

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

According to a Wednesday SEC filing, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an ...

by Jared Kirui
December 30, 2022

Bitcoin

Bitcoin Mining Hashrate Plunges 20% As US Miners Battle Bad Weather

Bitcoin hashrate dropped on Christmas Eve due to winter storms that swept through the US, causing extremely low temperatures and ...

by Jared Kirui
December 28, 2022

Bitcoin

Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator

Based on the data presented by The Puell Multiple, bitcoin's current price has touched the baseline range of the indicator. ...

by Jeane Claude Vasquez
December 28, 2022

Adoption

Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH

Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH. ...

by Daniel Stergiou
December 24, 2022

Bitcoin

Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia

After reports of the shamed LUNA founder hiding in Europe, likely Serbia, he has now been found to have cashed ...

by Daniel Stergiou
December 24, 2022

Bitcoin

Kazakhstan Plans CBDC Development Until 2025, Passes Bill Capping BTC Mining

Kazakhstan is making significant progress in developing its central bank digital currency (CBDC), having completed trial phases. In a report ...

by Jared Kirui
December 22, 2022

Bitcoin

Bitcoin Wallet Addresses Holding More Than 10 BTC Soar

Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. Bitcoin wallet addresses started ...

by Jeane Claude Vasquez
December 18, 2022

Adoption

Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management

Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, ...

by Jared Kirui
December 17, 2022

Bitcoin

Bitcoin Exchange Reserves Hit New Lows

Bitcoin reserves on exchanges have been steadily declining since the FTX scandal and Binance FUD. As of writing, the total ...

by Jeane Claude Vasquez
December 16, 2022

Bitcoin

Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already – Bitcoin Technical Analysis

Ana Nicenko, a senior crypto journalist and technical expert at Finbold, revealed several indicators, including CCO, DCA, and Moving Averages ...

by Md Ishtiaque Ahmed
November 29, 2022

Previous 1 … 15 16 17 18 19 … 22 Next

Most Read

Bitcoin

MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market

December 30, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association

November 24, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Adoption

Russia Approves New Crypto Tax Framework

December 4, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.