U.S. spot bitcoin exchange-traded funds (ETFs) marked their 19th straight day of inflows on Friday, gathering 0.99 million. Blackrock’s IBIT was once again at the forefront, with net inflows amounting to 8 million. Consistent Inflows for U.S. Spot Bitcoin ETFs The inflow trend for U.S. spot bitcoin ETFs continued, adding another day of positive movement. […]
Bitcoin News
S2F Creator Plan B’s Prophetic Call — ‘Enjoy Sub-$40K Bitcoin While It Lasts’
Willy Woo, an onchain analyst, recently predicted that bitcoin’s value might consistently stay above the K mark. Earlier this week, the statement was complemented by Plan B, the developer of the stock-to-flow (S2F) price model, who presented a realized price chart and urged enthusiasts to “enjoy sub-K bitcoin … while it lasts.”
Bitcoin’s Final Days Below K? Market Analyst Plan B Urges Enjoyment of Current Prices
Currently, with bitcoin’s valuation lingering just under K, there’s a strong sense of bullishness and high optimism about the leading crypto asset’s future pricing. Earlier in the week, Markus Thielen, head of research at Matrixport, opined that BTC’s rise above K seems “inevitable,” particularly following Binance’s agreement with the U.S. Department of Justice. Thielen and his team estimate an 80% probability of BTC surpassing the K mark by December.
Echoing these sentiments, Plan B, the architect of the S2F model, also foresees a surge to the K threshold. On November 24, he remarked, “Enjoy sub-K bitcoin … while it lasts.” In response to queries about potential price drops, Plan B stated his aversion to the “Picking Up Pennies In Front Of A Steamroller” game, emphasizing his anticipation of a significant rise in bitcoin’s value:
I expect [a] 0K-M bitcoin average in [the] 2024-2028 halving cycle, so at least 3x from here.
Supporting Plan B’s outlook, bitcoin advocate Dan Held concurred that bitcoin below K wouldn’t persist for long. Another bitcoin enthusiast expressed that prices under K are a “gift.” Furthering his analysis, Plan B also shared a “realized price” chart for bitcoin (BTC). This graph, reflecting historical pricing trends, indicates a recurring pattern of resurgence every time it aligns with the five-month ‘realized price’ threshold.
According to the analyst’s chart, the price line presently skims just above the five-month realized price. Historically, such an alignment has been a precursor to significant price increases. Plan B’s insights follow Willy Woo’s recent projection, where he showcased a cost basis density map for bitcoin, suggesting that if current trends persist, “we’ll probably never see BTC going below K again.”
What do you think about Plan B’s statement about enjoying prices while they are below K at the moment? Do you agree with his statement? Share your thoughts and opinions about this subject in the comments section below.
BitFuFu: 10 Million Trial Cash Giveaway, Enjoy Bitcoin Cloud Mining at Zero Cost
PRESS RELEASE. In order to allow more users to experience cloud mining, BitFuFu has introduced the Trial Cash feature. During the initial launch, we’re giving away 10 Million Trial Cash, so invite your friends to share this bounty! There are additional referral rewards waiting for you too!
What is Trial Cash?
Trial Cash is a virtual amount provided by BitFuFu, which allows users to simulate the process of purchasing products and generating real income. It truly means: we cover the initial investment, and all the earnings belong to you.
After users register and claim ,000 Trial Cash, they can purchase a “1-day free mining product” worth ,000 without the need to invest any additional funds. The static output of 7U~11U goes directly into the user’s FuFu Earns account, all output belongs to the user. If you complete KYC verification on the registration day, you can also enjoy double rewards.
How to Claim and Use Trial Cash?
Step 1: Register an account and get Trial Cash.
New users who register on the BitFuFu platform will automatically receive ,000 in mining Trial Cash with no verification or fees required.
Step 2: Purchase the Trial Plan.
Using Trial Cash, you can simulate the purchase of the mining plan and experience the cloud mining process. The best part is, you don’t have to worry about any investment risks because it’s all done using Trial Cash.
Step 3: Complete KYC Verification.
To ensure the security of your account and enjoy mining income, complete the KYC verification before you start receiving mining returns. This will enable you to double your mining returns.
Step 4: Receive Mining Output.
After 24 hours of purchasing the Trial Plan, your mining experience will be complete. The platform will recover the 1,000 Trial Cash, and the remaining mining output will be credited directly to your personal FuFu Earns account. Expect static output of 7U~11U, ensuring a zero-risk investment with 100% returns.
While this Trial Cash offer is currently only available to new registered users, we plan to apply it to more future activities. Click the link below and take action now!
- Activity Participation Link: https://www.bitfufu.com/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Enjoy Easier Futures Trading Through CoinEx Futures
According to TokenInsight 2021 Crypto Trading Industry Annual Review, the industry continues to break through, with 2021 full-year trading volume reaching 2 trillion, of which about half is futures contracts ( trillion), compared with spot trading that accounts for 43% ( trillion). In addition, the total crypto trading volume increased 3.37 times year on year. To be specific, futures contracts have grown the most by nearly 6 times, spot 2.3 times, and delivery contracts 2.36 times only. The overall data presented in the Review shows rapid growth in the futures market in 2021. It has now surpassed the spot market and become a mainstream investment channel, which indicates the market’s growing popularity.
In contrast to the lack of diversity in the spot market, futures, especially linear contracts, allow users to earn profits through long-term holding and high leverage, without having to hold different types of cryptos. Thanks to such an advantage, a growing number of crypto investors are venturing into the futures market. It is clear that a large group of investors recognize the great market prospects of futures, while the futures category has also captured the crypto spotlight. Under such circumstances, crypto exchanges can gain a foothold in the futures market and register fast growth in trading volumes only by improving their futures products while providing more user-friendly trading services.
Although the futures market has become the primary investment choice of many crypto users, futures contracts remain inaccessible to most newcomers to this industry. First of all, the futures market, a place for trading crypto derivatives, is highly fragmented and lacks unified standards. In addition, futures contracts offered by different crypto exchanges come with varying structures, and their terms and conditions drastically differ. For instance, futures contracts provided by some exchanges are complicated and require high learning costs, while others offer professional-exclusive futures mechanisms that are not friendly to beginners.
In addition to security and stability, investors who just forayed into the futures market should also consider product simplicity and ease of use when choosing a suitable futures trading platform. In this respect, CoinEx Futures comes as a good choice as it strives to provide easier futures trading services for users.
I. CoinEx Futures: A simple webpage & An intuitive futures segment
To begin with, CoinEx provides a simple, straightforward webpage for futures trading. After entering the futures page, users can first pick a market for trading linear/inverse contracts according to their needs, and once a market has been selected, they will see the present market conditions and existing orders right away.
Secondly, before choosing the margin and starting a position, users can easily find the Futures Tutorial on the right side to learn about futures trading in no time. By watching the video tutorials and completing the quiz, beginners will become more familiar with the trading process before opening a position.
II. KYC-free futures trading: CoinEx preserves traders’ anonymity
When trading futures on CoinEx, users do not have to go through any KYC authentication, which resolves an operating dilemma facing crypto users in certain countries/regions. At the same time, the exchange protects users’ assets with multiple security strategies. In addition to an anonymous, secure trading environment, CoinEx also promises that all crypto assets will be 100% reserved, allowing users to start a position and earn profits with zero concerns.
III. CoinEx helps users mitigate the position risks more conveniently via multiple futures trading mechanisms
To help users manage positions and control the relevant risks with ease, CoinEx has introduced multiple futures mechanisms such as Auto-deleveraging (ADL), the Insurance Fund, and the Funding Fee. The Index Price of CoinEx Futures is determined by the average spot price recorded by multiple trading platforms and features a built-in exception-processing logic. This allows the Index Price to fluctuate within a normal range when the price provided by a single platform becomes significantly volatile, thereby eliminating worries for futures traders.
IV. Step-by-step tutorials on futures trading at the all-inclusive Help Center
CoinEx offers a professional, all-encompassing Help Center that allows users to dive right into blockchain know-how and learn how to trade cryptos through step-by-step instructions. Through simple illustrated articles and videos, as well as simulated futures trades, offered by the Help Center, users can get familiar with futures in no time. Meanwhile, they can also search for definitions of futures jargon through the Help Center.
During the past 5 years since its inception, CoinEx has earned extensive user recognition with its well-established product ecosystem, smooth, stable trading experiences, and satisfying user services. According to data released by CoinEx in 2021, the exchange made a huge breakthrough in terms of its futures trading volume, which is convincing evidence that CoinEx Futures has become increasingly recognized among crypto investors. At the moment, CoinEx provides 100+ futures markets. This year, the exchange will continue to prioritize futures and offer a more diversified selection of futures markets, as well as easier, more convenient trading experiences.
Bitcoin In Demand, Bulls Enjoy 9% Surge
Bitcoin surged as much as 9% after a weekend selloff, on anticipation that cryptocurrencies may gain popularity as a result of Russian sanctions.
According to TradingView, the crypto market appears to have recovered after weeks of poor performance, with the price of Bitcoin (BTC) rising 14.5 percent in the last week to little over ,000. At the time of publication, the world’s most popular digital currency was trading at roughly ,200.
Bitcoin Price Surge As Russian Demand Rise
According to Marc van der Chijs of First Block Capital, the spike can be explained in part by Russians fleeing the ruble, which has plummeted due to severe US and EU sanctions.
On Monday, Van der Chijs said he saw bitcoin trading for up to ,000 on some Russian markets, a ,000 premium above its US pricing.
Van der Chijs said:
“There’s not normally a difference [between the Russian and US price of bitcoin] because there are arbitrage possibilities. That seems to indicate that this urge in bitcoin price is because of Russian buying.”
Kaiko, an enterprise market data research firm, noted that Russia’s invasion of Ukraine has resulted in an increase in Bitcoin and stablecoin volume in both nations. Even outlier altcoins and memecoins with more volatility, such as Solana’s SOL, Terra’s LUNA, and Dogecoin, moved higher on Monday.
Russians concerned about the currency’s and banking system’s stability may consider bitcoin as a method to safeguard their savings.
BTC/USD trades at k. Source: TradingView.com
Meanwhile, as countries throughout the world piled on sanctions in response to Russia’s invasion of Ukraine, President Vladimir Putin issued countersanctions. In offshore trade, the Ruble lost a third of its value at one point, its worst-ever drop.
“Many Russian citizens and potentially Ukrainian citizens are cut off from being able to move their rubles, dollars, euros or anything else,” said Anastasia Amoroso, chief investment strategist at iCapital.
“We see some evidence of an increase in bitcoin-ruble volume,” Blockchain.com research chief Garrick Hileman noted, cautioning that it was unclear if Monday’s price movements could be completely attributed to such trades.
Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict
Exchanges Restrict Trading
According to data from crypto compliance firm Elliptic, the rise in bitcoin could be linked to consumers converting fiat into cryptocurrencies in order to donate to the Ukrainian military and charities, which have raised more than million in crypto over the last five days.
It could also be due to non-war-related issues, such as a tight schedule, he noted.
Many prominent cryptocurrency exchanges, such as Coinbase and FTX, are not available in Russia. As a result, many Russians have resorted to Binance, a crypto exchange established in the Cayman Islands that enables trading between the ruble and bitcoin.
Binance has agreed to block Russian users after Ukraine’s vice prime minister Mykhailo Fedorov demanded it on Sunday.
Related Reading | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning
Featured image from Pixabay, Chart from TradingView.com
NewsBTC
Huobi Global’s New Users Can Enjoy $170 Sign-up Bonus
The new users of Huobi Global will receive a bonus. Huobi announces “Welcome Bonus — a 0 Sign-up bonus” for its new users.
According to a recent announcement from Huobi Global, the platform now offers a “0 Sign-up bonus” for its new users. Users who are signing up on Huobi Global will be eligible to participate in the campaign and enjoy the “Welcome Bonus”.
Huobi Global is a leading global virtual asset exchange. It provides users access to more than 390 cryptocurrencies which includes mainstream cryptocurrencies such as BTC, ETH, and ADA.
Adding to its features and updates, Huobi Global has also announced that it is going to offer a unique trading experience for its new users. The platform’s primary focus is its ecosystem which ensures security, sustainability, and safety for its users. By making its customers the top priority, Huobi Global continues to achieve long-term success, which enables it to hold the leading position in the crypto market.
Huobi Global is ranked in 5th position, according to Coinmarketcap. Users can enjoy more than 900 pairs of cryptocurrencies on the platform. The constant updates and advancements in the platform has continues to drive more investors and users to Huobi Global. The position that Huobi Global still holds says it all that the trading platform operates in compliance with all laws and regulations.
170 USD Sign-up Bonus
In order to participate in Huobi Global’s Welcome Bonus, users should comply with the Terms & Conditions of the campaign:
- Participants of the “Welcome Bonus” should be only new users.
- Users must finish the new user tasks within 15 days and redeem their bonus within 30 days.
- Users must redeem the bonuses individually after completing each task.
- Each bonus can be redeemed only once.
- Huobi Global claims the right to disqualify users who engage in fraudulent practices or to revoke accounts for any confirmed multi-account registration.
- Users from mainland China, Venezuela, Singapore, Iran, North Korea, Cuba, Syria, and Sudan are not eligible for this campaign.
If you are a new user of Huobi Global, then you can participate and enjoy the “Welcome Bonus” campaign. Don’t miss the opportunity to receive its 0 Sign-up Bonus!
WisePass – Enjoy Eating and Drinking in Prestigious Places
WisePass was officially launched August 17th, 2016 in Ho Chi Minh City and has since expanded to Hanoi, Bangkok, and Manila with Jakarta expected to open soon.
More than 500 people have signed up and the app has driven more than 20,000 visits to partner venues. Within the next 6 months, WisePass is planning to expand to many other countries, with the goal being to expand into one country every quarter.
The momentum is great but with each emerging market, a fair amount of education must take place to inform the local population of how this hot new service actually works.
A short 101 to understand ‘What WisePass Is’
To sum it up, WisePass is a lifestyle membership. You can become a member by subscribing through the app that you can download available at the App Store and on Google Play. An updated version of the app will be available soon that will include even more conveniences and options for users.
The monthly subscription costs only 6 million VND (around 3.70) per month in Vietnam. Daily benefits include a complimentary set lunch or dinner at the highest quality restaurants, bottle service of world-class wine or liquor brands at the most popular bars and clubs, Starbucks coffee, a CGV cinema ticket, haircut and much more in the cities where WisePass is available. Yes, you read that correctly — EVERY DAY.
WisePass caters to businesses and high-income individuals that regularly enjoy restaurants, nightlife, or other high-quality lifestyle venues.
The membership is accessible at all of the highest quality venues in all of the cities where WisePass is available. WisePass has already listed over 200 partner venues on the platform, and with each new market, the number of options for members to choose from continues to increase exponentially. The company has recently signed a deal with a major cineplex in Thailand which will bring the total number of available venues well over 300.
You can pretty much access any internationally recognized name brand spirits you would like whether it be whiskey, gin, rum, or vodka. WisePass is also famous for its large selection of red, white and sparkling wine.
The global brands listed include Absolut, Moet-Hennessy, Gibson’s, Beefeater, Chivas Regal, and Ballantine’s — just to name a few. There are a total of 22 selected spirits and wines available.
WisePass has partnered with a number of leading brands including Tan Khoa, MoetHennesy, Pernod Richard, The Lighthouse Group Indochina, Celliers D’Aise, Alchemy, The Warehouse, La Martinquaise, Fine Wines and Lazada VN.
Using the app is incredibly simple. You simply go on the app, choose which venue you want to enjoy and once there, find the WisePass pyramid, scan the QR code using the app on your phone and choose which service you wish to receive.
How does WisePass benefit Venues?
WisePass is designed to provide partner venues with far more than just an increase in traffic. The app generates a wide variety of data that can be used to improve service, lower costs, and increase efficiency.
The data is collected by WisePass in real time, therefore it is highly accurate and up to date. A manager can use WisePass to monitor sales on a day to day basis and compare them with expenses. For restaurants and clubs – menus and drink lists can be changed to keep up with trends on a weekly or daily basis thanks to WisePass’ information.
WisePass data is very precise, so a manager will know how much money individual patrons spent on a particular night. That can help control inventory and order costs, giving management a general idea of demand.
Managers will also have a better idea of which goods or services are most popular as well as the prices customers are willing to pay for them with WisePass’ help. WisePass data can make a venue more efficient and increase profits.
WisePass is a Powerful Marketing Tool
WisePass is a powerful marketing tool that allows for both benchmarking and one-on-one marketing.
The data collected by WisePass allows managers to benchmark their establishments against competitors. Managers will be able to compare their results with data from other brands. This can help identify best practices and deficiencies in service that are driving patrons away.
Beyond one-on-one comparisons, a manager can compare his or her venues performance to the entire market. That allows the manager to know if the establishment is competitive.
WisePass’ one-on-one marketing capabilities allow a venue owner to connect directly with specific customers. That allows management to target specific individuals such as community leaders, food critics, food bloggers, and sales managers at local companies.
Uses of one-on-one marketing data include special offers or meals tailored to high-value customers and local influencers. Another use of one-on-one marketing data is to determine if an influencer has stopped eating at a restaurant. The manager can then make a special effort to lure that person back in.
To recap, a WisePass membership entitles you to a delicious set-lunch or dinner at high-end luxury partner venues, bottle service at the hottest bars and clubs in any city WisePass is available, Starbucks coffee, VIP access to exclusive events, movie tickets, haircuts, beard trims and much more in the future.
With a large existing catalogue of options for members to choose from, WisePass is continuing its mission further by working on adding another service every quarter.
What is WisePass ICO?
WisePass is also currently in the middle of an ICO which will certainly add exponential value to the platform.
PASS tokens will be used to purchase WisePass’ monthly subscriptions at half the price of purchasing it with fiat currencies. It will also be used to purchase individual goods and services offered on the WisePass platform across borders wherever utility tokens are legal, a service which has yet to be successfully implemented by even the tech giants in the industry. The company has even gone so far as to gather agreements with several tech CEOs to accept PASS as a payment method.
The future of WisePass is certainly exciting and there are tons of opportunities for growth and as always tremendous value for users.
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Bitcoin Gamers Can Now Enjoy 100% Deposit Bonus with BitZonk
BitZonk, one of the most popular bitcoin gambling games, launches a new promotion for players. Bitcoin fans can now receive 100 percent deposit bonuses. With over 215,000 games played and over 6,400,000 bits wagered, BitZonk is leading the bitcoin gambling experience.
Called the modern “Let’s Make a Deal,” the game allows its players to wager with the chance to win, just as contestants do on the show. Playing the game is simple. First, players choose their difficulty mode. Then, they select which curtain they believe the Bitcoin to be behind. If beyond the curtain, there is Bitcoin, the bet is multiplied. The player then becomes one step closer to the grand prize. But if the BitZonk cat is hiding behind the curtain, the game is over.
A player increases his or her chances of receiving rewards with active play. The game also boasts a generous affiliation program. Players who invite others to play, earn gratuities for use in playing.
One unique factor of the game is that it’s fair and transparent. It runs on an impartial, provability fair algorithm. The game doesn’t require players to be math wizards. With the free tutorial, any player can learn how to play quickly.
With so many great players, the designers of BitZonk are introducing a new bonus. This is how the bonus works. Any BitZonk player is eligible. The deposit bonus multiplier is set at 100 percent. The period for making wagers is unlimited to fulfil bonus requirements. Read the complete Terms and Conditions here.
BitZonk has a growing player base and is now fully translated in Portuguese and Spanish to better accommodate players. In addition to the full translation, customer support service is now also available in Portuguese and Spanish. The game layout has been updated, including additional animated buttons.
The game’s designers said, “The game has been quite a success, so we wanted to take it to the next level in 2018. Along with the deposit bonus promotion, the game has undergone a refresh for improved UX.”
About BitZonk
BitZonk, a verifiable online Bitcoin gambling game, launched in May of 2017. As a completely anonymous platform, no personal data is collected from players, even if connecting through a Facebook profile. Learn more at BitZonk.com.
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STYRAS ICO: A New Token That Will Allow You to Enjoy Affordable Internet Access Anywhere on the Planet, Just by Using Your Phone
HOW THE DREAM BEGAN: Our product arises from the necessity of staying connected, anywhere and everywhere we go. Styras was created to fulfill the neverending demand for better and more affordable Internet for all. WHAT IS STYRAS: The first decentralized mobile app based on Ethereum blockchain technology, which offers; Internet connection anywhere on the planet. … Continue reading STYRAS ICO: A New Token That Will Allow You to Enjoy Affordable Internet Access Anywhere on the Planet, Just by Using Your Phone
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STYRAS ICO: A New Token That Will Allow You to Enjoy Affordable Internet Access Anywhere on the Planet, Just by Using Your Phone
HOW THE DREAM BEGAN: Our product arises from the necessity of staying connected, anywhere and everywhere we go. Styras was created to fulï¬ll the neverending demand for better and more affordable Internet for all. WHAT IS STYRAS: The ï¬rst decentralized mobile app based on Ethereum blockchain technology, which offers; Internet connection anywhere on the planet. … Continue reading STYRAS ICO: A New Token That Will Allow You to Enjoy Affordable Internet Access Anywhere on the Planet, Just by Using Your Phone
The post STYRAS ICO: A New Token That Will Allow You to Enjoy Affordable Internet Access Anywhere on the Planet, Just by Using Your Phone appeared first on NEWSBTC.