According to reports, the Bittensor (TAO) blockchain was paused due to the depletion of funds from several wallets. The final block was processed 14 hours ago, and the network is now in safe mode, as stated by the Opentensor Foundation. TAO Network Paused for 14 Hours Due to Massive Wallet Thefts At 9:47 p.m. EDT […]
Bitcoin News
Coinbase Investor and Openai Veterans Unite to Launch Safe Superintelligence
In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert in AI privacy, to launch a new venture. The new […]
Bitcoin News
Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty
Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand […]
Bitcoin News
Nigerian Fintech Firm Flutterwave Confirms Hacking Attempt, Says Users’ Funds Safe
The Nigerian fintech firm Flutterwave claimed on May 16 that it had foiled an attempt to breach its payments platform. Flutterwave asserted that the “unauthorized activities inconsistent with usual customer behavior” did not compromise users’ funds or data confidentiality. According to one report, over million was siphoned from Flutterwave following a cyberattack in April. […]
Bitcoin News
Coinbase Faces System Wide Outage, Affirms Funds Are Safe
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, reported a system-wide outage in its services, affecting customers’ crypto operations. On its status site, Coinbase stated that it was aware that “some users may experience failures when sending crypto or withdrawing fiat,” and declared it was working to fix this issue. Later, the exchange recognized experiencing […]
Bitcoin News
MicroStrategy’s Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (XRP); Traders See Rollblock (RBLK) as a Safe Bet
The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next .5 token in 2024 and one of the best cryptos to buy.
Michael Saylor: Ethereum ETF Will Never Come
One of the top crypto coins, Ethereum (ETH), has been in the headlines recently. MicroStrategy’s CEO, Michael Saylor, predicted that the US SEC will dismiss spot Ether ETFs listing and trading applications. Saylor said that he expects this decision because the US CFTC will not be able to supervise Ethereum as a commodity but as a crypto-asset security.
This Ethereum news may trigger a bear run for this crypto. Nevertheless, the Ethereum crypto value jumped 60% in the past year alone while its market cap soared to 9B. Additionally, 11 technical indicators are flashing buy signals for Ethereum. Thus, market analysts predict Ethereum will reach a value of ,137 before Q2 of 2024 ends.
Charles Hoskinson Responds to Michael Saylor’s Cardano (ADA) Comments
In that same speech, Michael Saylor stated that many other top crypto coins, such as Cardano (ADA), will be treated as crypto asset securities as well. However, the co-founder of Cardano, Charles Hoskinson, responded to this claim. He claims that Michael Saylor is a Bitcoin maximalist who constantly bashes anything that is not Bitcoin.
When it comes to the Cardano coin value, it saw an 18% growth in the past 12 months while its market cap held at B. Not only that, Cardano is now trading above its 200-day EMA. As a result of all this bullish Cardano news, experts believe it is still a good crypto to buy. They foresee a surge to .57 within Q2 of 2024.
Pro-Ripple (XRP) Lawyer Bill Morgan Responds to Michael Saylor
Michael Saylor also stated that the Ripple (XRP) crypto will be deemed a security. XRP lawyer Bill Morgan has criticized Michael Saylor’s understanding of the cryptocurrency market in response to Saylor’s comments about altcoins. Differentiating between Ripple and XRP, Morgan noted that a court has already ruled that XRP is not a security.
This Ripple news may cause a bullish rally for this crypto. In terms of the Ripple coin value movement, it surged 17% on the YTD chart. Furthermore, there are now 15 technical indicators in the green for Ripple. Therefore, market analysts foresee Ripple hitting a value of .62 before Q2 of 2024 ends.
Rollblock (RBLK): Among the Best Cryptos To Invest In
Michael Saylor’s remarks have also led traders to talk about Rollblock (RBLK) as a safer option in this volatile crypto market. Rollblock is a community-driven GambleFi protocol that combines decentralization with centralization in online gambling. Thus, Rollblock has tremendous potential to become a dominant force in this 0B market.
Although this market is flourishing, it also has many issues plaguing it, such as high entry barriers and intrusive sign-up KYC checks. Rollblock removes these problems by requiring no additional downloads and installations. Users can now just sign up using an email address and begin playing the casino games in complete anonymity, as no KYC checks are needed.
The RBLK utility token will be the backbone of this innovative platform. Holding this token entitles you to obtain a portion of daily profits generated by Rollblock. Additionally, staking this token will bring you extra passive income and immediate rewards, which can be used in the casino or saved.
Currently, one RBLK costs only .01 as it is in Stage 1 of its presale. However, demand is high as over 9M tokens have already been sold. This is because as the presale advances, so will its value. The RBLK price is expected to increase 1200% in the presale alone. Prominent market analysts foresee a potential surge to .5 once a Tier-1 CEX lists RBLK in Q3 of 2024 – making it the best crypto investment.
Will Rollblock Leave Ethereum, Cardano and Ripple in the Dust?
Rollblock has a small market cap of M, but has a high probability of seeing a much higher % return than Ethereum, Cardano and Ripple. For its price to skyrocket, it needs fewer new funds than these competitors. With this advantage, RBLK can become one of the best cryptos to buy.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
Bitcoin Safe From Drops Under $60,300? On-Chain Data Says So
On-chain data shows Bitcoin currently has a thick supply wall between the ,300 and ,155 levels that may prevent the asset from falling lower.
A Large Amount Of Bitcoin Was Bought Near Current Prices
As explained by analyst Ali in a new post on X, BTC has a major support wall just below it right now. In on-chain analysis, the strength of support and resistance levels is gauged through the amount of Bitcoin that the investors bought at them.
The chart below shows how the distribution of the investor cost basis has looked like for BTC across the price ranges near the current spot value:
Here, the size of the dot represents the number of tokens that the addresses bought between the corresponding price levels. From the graph, it’s apparent that the ,300 to ,100 range has a particularly high density of coins right now.
Most of the price levels in this range lie just below the current spot price of the cryptocurrency, meaning that the investors who bought here would be making some profit, albeit only a slight one.
Generally, when the price retests the cost basis of such investors who were in profit prior to the retest (meaning that the price has approached their cost basis from above), a buying reaction may be produced by these addresses.
This is because holders like these may have reason to believe that if they were able to get into profits before, they might be able to do so again in the near future, so they may just accumulate on this “dip.”
Such a reaction can naturally provide support to the cryptocurrency. The scale of this support, however, is naturally not anything significant if only a few investors bought at the level to begin with. Narrow ranges that are thick with addresses, on the other hand, might just prove to be a source of noticeable support.
In the aforementioned price range near the current spot price, one million addresses acquired a total of about 671,000 BTC. “This accumulation zone highlights strong investor confidence and could serve as a crucial level of support for BTC, potentially cushioning against further drops,” notes the analyst.
While the price ranges under the current price are heavy with coins, it’s visible in the chart that this isn’t the case for the ranges above. Just like how supply wallets below can be a source of support, they can instead act as resistance when above.
The fact that the supply walls above are quite thin suggests that there wouldn’t be too many investors waiting to quickly exit at their break-even, and thus, selling pressure due to them should be low.
That said, it doesn’t mean there isn’t any impedance at all. Bitcoin is approaching all-time highs at this point, meaning that the vast majority of the supply is in profit. At these levels, mass selling for harvesting these gains can be the main challenge preventing the run from continuing.
BTC Price
At present, Bitcoin is trading around the ,000 level, meaning that it’s right on the edge of the major support wall.
Recent Approvals of Spot Bitcoin ETFs May Prompt Release of Third Iteration of ‘Token Safe Harbor Proposals’ – Hester Pierce
Approval of spot bitcoin exchange-traded funds may necessitate the release of a third iteration of the Token Safe Harbor Proposal, Hester Pierce, a commissioner with the U.S. Securities and Exchange Commission, has said. The commissioner argued that it’s illogical to subject a nascent token project to the same disclosure rules applicable to a company with […]
Bitcoin News
Is Stacks The New Safe Haven? STX Soars 16% In Turbulent Market
In a stunning divergence from the recent altcoin carnage, Stacks (STX) has emerged as a beacon of green. The token has not only weathered the storm but thrived, soaring for seven consecutive weeks and etching its highest price point since March 2023.
At the time of writing, STX was trading at .80, down 10% in the last 24 hours, but managed to sustain a solid 16% rally in the last seven days, data from Coingecko shows.
This bullish defiance is no fluke. Stacks broke through a key resistance level, showcasing investor confidence. The lack of pullbacks underscores the sustained buying pressure, while the flash crash’s long wick transformed the once-intimidating barrier into a sturdy support floor.
STX Resilience Amid Market Volatility
Even amid the broader market correction, STX’s resilience speaks volumes about its relative strength. While this remarkable ascent undoubtedly excites, prudent skepticism remains.
The rapid climb without pullbacks might trigger a sudden correction, and concerns about potential overheating linger. Ultimately, STX’s fate remains intertwined with the overall cryptocurrency market sentiment.
Stacks has surged 694% in the past year, benefiting from the Bitcoin boom and standing out amid a recent decline in altcoins. This growth is driven by a mix of optimism around Bitcoin and Stacks serving as a prominent layer 2 solution for the cryptocurrency.
STX Price Movement Amid Anticipation Of BTC ETF Nod
Meanwhile, the potential approval of a Bitcoin ETF has generated excitement in the crypto community, benefiting projects like Stacks.
Stacks’s ability to incorporate smart contracts and decentralized applications onto the secure Bitcoin blockchain positions it well for potential developments in DeFi and NFTs within the Bitcoin ecosystem.
As a leader in the Bitcoin layer 2 space, Stacks is well-positioned to meet the rising demand for scaling solutions. This advantage allows it to attract developers and users interested in building on the security of Bitcoin.
However, the crypto market is volatile, and Stacks’s success depends on ongoing innovation and adoption, given intense competition in the layer 2 sector.
While acknowledging these challenges, Stacks’s impressive performance should be monitored by investors.
The cryptocurrency is navigating the evolving landscape of the Bitcoin resurgence, and its ability to sustain momentum and establish a lasting presence remains uncertain. Nonetheless, the current chapter of Stacks’s story is filled with exciting possibilities.
STX Technical Overview
Stacks (STX) is feeling the heat from the bulls, who are aiming to break through the .80 psychological barrier and potentially climb to .95, the upper channel limit.
This bullish sentiment finds fuel in a rising Relative Strength Index (RSI) at 66, suggesting buyer dominance, and upward-trending moving averages, hinting at favorable market conditions. If the bulls conquer .95, .0, a 14% climb from current levels, could be the next stop.
However, caution lurks beneath the optimism. Buyer exhaustion or profit-taking could trigger a correction, sending STX dipping towards .6 and even .48, the lower channel boundary. The moving averages currently act as strong support zones, potentially buffering this potential dip.
While the bulls lead the charge, keep an eye on the RSI and price action around .80 and .95. A clean break could propel STX higher, but consolidation or a dip is also a possibility.
Featured image from Shutterstock
Robert Kiyosaki: Fiat Money Isn’t Safe, Investors Must Protect Themselves From Central Bankers
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that fiat money is not safe, emphasizing that central banks are buying gold to save themselves. He urged investors to safeguard themselves against central bankers and reiterated his advice to invest in gold, silver, and bitcoin.
Is Fiat Money Safe? Robert Kiyosaki Says ‘Hell No’
The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to protect themselves from central bankers, emphasizing that fiat money is not safe. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
The famous author wrote on X Saturday:
Central banks like Fed are buying gold. Does this mean fiat money is safe? Hell no!
“Central bankers are saving themselves from their own incompetence, that’s why they buy gold. Their job is to protect the banks not you. Get smart. Protect yourself from central bankers: Save gold, silver, bitcoin,” Kiyosaki advised.
Central banks around the world maintained their appetite for gold in the third quarter, with purchases totaling 337 metric tons, according to the World Gold Council. This surge in buying has propelled year-to-date purchases to a record high of 800 metric tons.
Kiyosaki has consistently issued warnings regarding fiat currencies, referring to them as “fake money.” In contrast, he calls gold and silver “God’s money” and considers bitcoin as “people’s money.” In September, he said “crypto is the future,” noting that fiat money is “toast.” He has urged investors to get into gold, silver, and bitcoin as soon as possible.
The renowned author has also repeatedly warned about the demise of the U.S. dollar. He blames the Federal Reserve for causing inflation and collapsing the U.S. economy. In July, he predicted that the end of the USD is near. In April, he said America is dying, warning of the impending death of the U.S. dollar. Moreover, he expects BTC to become priceless when the Fed starts issuing a central bank digital currency (CBDC).
Do you agree with Rich Dad Poor Dad author Robert Kiyosaki that fiat money is not safe? Let us know in the comments section below.