Bitcoin Munger’s analysis of Bitcoin orderbooks reveals intriguing insights into market dynamics, with sellers shifting liquidity to the $70,000 level while sidelined buyers await lower price levels. Munger predicts imminent all-time highs as Bitcoin’s bullish momentum continues to gain traction.
Bitcoin is on the brink of reaching all-time highs, but according to analyst Miles Deutscher, retail interest in the cryptocurrency market is still notably subdued. Despite the perception that it may be too late to join the Bitcoin frenzy, Deutscher suggests that retail investors are still in the early stages of participation.
MicroStrategy, a prominent business intelligence firm known for its significant Bitcoin holdings, faced a security breach on its Twitter account. The breach resulted in the posting of a phishing airdrop link, leading to financial losses for unsuspecting users. According to reports from ZachXBT, an analyst and cryptocurrency commentator, the hack has resulted in a loss of approximately $440,000. ZachXBT shared details of the incident on Twitter, revealing the wallet address associated with the compromised funds: 0xe7645b8672b28a17dd0d650a5bf89539c9aa28da. The phishing scam likely targeted users with promises of free airdropped tokens or cryptocurrency rewards, enticing them to click on the fraudulent link shared via MicroStrategy’s compromised Twitter account. Once users interacted with the malicious link, their funds were redirected to the attacker’s wallet, resulting in substantial financial losses.
Cardano founder Charles Hoskinson recently commented on the remarkable achievement of BUTANE, a project built on the Cardano blockchain, raising a staggering $49.5 million in ADA. Hoskinson’s remarks come amid discussions about the growing prominence of projects on the Cardano ecosystem.
Renowned financial educator and author Robert Kiyosaki issued a cautionary message to investors, highlighting the worsening banking crisis and the growing threat of war. In a tweet, Kiyosaki emphasized the potential for central banks to introduce Central Bank Digital Currency (CBDC) to increase surveillance on individuals. Amidst these concerns, Kiyosaki announced his decision to increase his holdings in Bitcoin and silver coins, citing silver as the biggest bargain and expressing his intention to use it as a form of currency over the US dollar.
The Uniswap community is buzzing with excitement as over 100,000 uni.eth usernames have already been claimed. To secure your unique uni.eth username and personalize your profile, download the Uniswap mobile app today.
A landmark move for UK’s crypto scene unfolds, as the Law Commission launches a consultation on draft legislation specifically recognizing cryptocurrencies as property. This follows their June 2023 report outlining the need for a distinct legal framework for digital assets. This public consultation signals a potential turning point, offering greater clarity and security for crypto holders and fostering future innovation within the industry.
The question of whether $50,000 is a favorable price point to buy Bitcoin is a topic of much debate among investors and analysts. Some argue that purchasing Bitcoin at $50,000 presents a favorable opportunity, considering its long-term growth potential and historical price trends. Others caution that market volatility and uncertain regulatory landscapes could impact short-term price movements, suggesting a cautious approach to investment decisions. Ultimately, individual investors should conduct thorough research and consider their own risk tolerance before making any investment decisions in Bitcoin or any other cryptocurrency.
Uniswap Labs has unveiled a game-changing update, bidding farewell to 0x addresses and ushering in 𝙪𝙣𝙞.𝙚𝙩 – a unique web3 username. This transition simplifies crypto transactions and fosters web3 profile building, enhancing user experience and accessibility in the decentralized ecosystem.