#crypto drama 2024

[viraltrendsspot]

Haliey Welch - Hawk Tuah Crypto Drama With $HAWK Coin - Did She Rug Pull?

Haliey created a new digital coin called $HAWK that quickly became super popular, reaching a value of almost $500 million right after it launched. But just hours later, its value dropped by a shocking 95%, leaving many investors upset and confused. Hailey Welch denies any wrongdoing.

[theperplexedpoet]

they not like us (all apologies to Kendrick)

psst, I see rich people Hitler in the street, yo

Himmler's taking heat, yo heave ho, any progress made now gotta go class clown, ordering around tell him, “freeze, bro” Constitution all up in his ass crack wiping deep yo

what's with these jabroni-ass flunkies tryna be Washington the oligarchs can hate me, fuck 'em all and they drama the kind of optics that you got tryna force this adoption don't push too hard for you know you're incontinent beat your ass with your own Bible like God's watchin'

sometimes you gotta pop out and show tyrants certified boogeyman, we about to run the show on 'em look around, wholesale you know he got some ho in him stole on him, extortion, bully on the flo' again

say, Trump, when Epstein's list go'n come bet it's not because you know that you are one yeah you know that's the kind of list that you are on so make sure to hide all the women from him

they say that Hegs will take the 'nation and he'll tear it down it's party over country, playin' their war games now and Elon's still a headcase, why is he around a certified fuck boy? pervert-sized pedophile!

bop, bop, bop, bop, bop, Rob, fuck 'em up bop, bop, bop, bop, bop, I'ma write my stuff why you trollin' like a glitch? ain't you tired? tryna start a war and a crypto empire

they not like us, they not like us, they not like us they not like us, they not like us, they not like us

you think that We gon' let you disrespect her figure I think that Justice gon' go on and pull the trigger your cold fouls show that you was only pretedin' you an owl like Twin Peaks in need of pinchin', no

the people are not dumb, shape the stories how you want hey, Don, we're not slow corporate pockets deep, and you're still fishin' for commas yeah P always stood for profits, not for any campaign promise

you ain't flawless, just lawless, go catch a case for something well you did, but you hid 'hind the title you pumpin' y'all tyrants get a taster, and the hunger eats your brains like RFK's worm, that shit just makes you insane, penis

players get your hands out them coffers, infamous for system gaming we need to investigate and prosecute the abuses must get traction, need action, fuck his intent let's get hands-on, he finding out, he's finished

we fucked by Johnson and those GOP excuses and then of course by the huge dick-tator it produces now the J6'ers are home, y'all didn't deserve that pardon still he's stitchin' up the 'Tution, and planting weeds here in the garden

and your bros all got a hard-on, for predators move in flocks y'all's names gotta be registered and placed on neighborhood watch and the whole admin is made up of a buncha cocks ain't no live long and no prosper they sent it up to Spock, ay

put the wrong label on me, I'ma get 'em dropped, ay calling me a lib, it's time that was stopped, ay leftist indoct and I've got some shit in stock, ay one, two, three, four, five, plus five, ay

devil is a lie, he's an imbecile's god, ay freaky-ass tyrants need to stay they ass inside, ay guillotines up and we got them a job, ay cities are back up, it's a must, we outside, ay

they not like us, they not like us, they not like us they not like us, they not like us, they not like us

once upon a time, all of us had some shame shits himself in public, (yuh) just another day Georgia was the tipping point if y'all had any brains bear with me for a second, let me put y'all on game

the tyrant needed more votes just to make himself richer fast-forward, 2024, he's got the same agenda prosecution on his heels, for the checks to balance he just needed a way to escape each legal challenge

he's thine Fuhrer but you still ain't in his club (ay, what?) big baby got your civics so corrupt (what's that?) 45 gave you false street cred Musk made you cheer Nazi slime in your head (ay, what?) world over agrees it was a sieg heil (what's that?) Trump says it's good, but he's a pile

goes runnin' for office when he needs a few dollars he's a stone cold racist, just a hateful colonizer former and latter, and the truth of the matter it was our plan to show y'all the liar

Mm, mm-mm He a fat, he a fat, he a fat (mm), he a fat, he a fat, he a

freaky ass tyrant he's an imbecile's god freaky ass tyrant he's an imbecile knob hey, hey, hey, hey, run for your life hey, hey, hey, hey, run for your life

freaky ass tyrant he's an imbecile's god freaky ass tyrant he's an imbecile knob hey, hey, hey, hey, run for your life hey, hey, hey, hey, run for your life

let me hear you say, "No, Bozo!" (no, Bozo) "No, Elon's ho" (no, Elon's ho) and stop his play, stop that play and stop his play, stop that play

see how corrupt? say “Lock him up!” stand in his way, in his way stand in his way, in his way

(1/27/25)

[lawbyrhys]

The Logan Paul v. Coffeezilla Lawsuit: Part One

Here's a situation I never thought I'd be talking about, but here we are! Let's dive on in to Logan Paul's huge defamation suit against Coffeezilla.

This post is going to be Part 1 of the story; I will cover the background information and set the scene for what led up the the suit being filed, then cover the actual suit in another post.

Part 1 does not contain any of the actual lawsuit itself; this is just everything that led up to it. That said, though, I think it's important to offer something of an opening statement before we get into the real meat of the situation. That said, though, I'll keep this to a brief summary.

Check back for updates as the case goes on; I will publish them when I have time to write them. Let's get into the events that led to this crazy ass lawsuit.

If you don't know—lucky you—Logan Paul is an infamous internet personality, getting his start on Vine before moving on over to YouTube. Stephen Findeisen, better known as Coffezilla, is a fellow creator in the YouTube space, though to my knowledge, he's not nearly as infamous. Now that the players in this case have been identified, let's get into what I'm here for: breaking down this mess of a case. Essentially, Paul promised CryptoZoo, his online gaming crypto-NFT business, would make users hard cash without actually having to lift more than a finger. Findeisen has been on Paul's trail for the better part of two years now; he's been tracking Paul's rise in income, his fans loss thereof, and the fall of CryptoZoo as a whole—calling it out for the scam he saw it is. That's where Paul comes in and slaps Findeisen with this defamation case, citing the latter "maliciously and repeated published false statements about [the former], accusing him of being a scammer," and these claims have "hurt [Paul's] reputation and caused him significant emotional distress."

You know, the standard defamation lawsuit shit.

What exactly is CryptoZoo, anyway? In short, the game was Pokemon-inspired and required users to buy coins to breed digital animals; the rarer of these animals would then earn the user cold, hard cash. Naturallt, the allure was there, and Paul's fans ended up spending over $2.5M on the game. This was excellent news to Paul since he claimed his team was out $1M on the project, and this led ro Paul gaining legitimacy on the crypto market, valued at nearly $2B for his so- called Zoo coin.

That was three years ago, though; as of 2024, the game is not playable, and all the money spent on it was essentially wasted. Just a month after launch, the development team behind the game jumped ship, alleging Paul and his team stole coins from its investors and lied to the world that he'd paid them their $1M back. Paul really had nothing to say, though, until Coffeezilla started talking about the alleged scam in 2022, and that's why we're here now.

What came between then and now was a series of Paul and his team pointing fingers at one another, casting blame for why the project failed and trying to dodge any and all accountability for where all of his fans' hard-earned money is. There is more frivalous drama to the story here, but I have a lot on my plate, so I'm skipping over the filler detail. The gist of it is Findeisen called out Paul enough times that the latter got pissed and sued him. Now, to the actual lawsuit!

[tasos-perte-tzortzis]

Breaking News Business, Economy, Multimedia, Web Development, Science, World

KourdistoPortokali: DEI recruitments from META, Amazon and Google are over [The Marketing Communications Standards Authority of Ireland has condemned the practice of the well-known supermarket chain Dunnes Stores for misleading marketing.] WealthyAffiliate: Why You Need to Pay Attention to Other Sources of Traffic Instead of Google NewsBomb: Security researcher resigns from OpenAI and warns: "I'm terrified" TechManiacs: Cosmote becomes Starlink, permanently eliminating contracts – The new program and the announcement BusinessDaily: How the "miracle" of Chinese Artificial Intelligence was extinguished in just 24 hours BitDefender: Cybersecurity Predictions for AI: A Technical Deep Dive NewsBomb: "Mass closure": Leading Italian clothing chain announces layoffs, Made in Italy

LamiaReport: An "alarm" has been sounded in the productive ministries - Public works, state revenues, "red loans" and the agreed reforms will be examined. [this is the new era.] PRNewsWire: TONCASH Secures Strategic Investment from TON Ventures to Scale Crypto Cashback Platform NigerianTribune: Elon Musk teases DOGE audit of IRS Euro2Day: Crypto: $600 billion lost over the weekend, Ethereum plunges 27%

DealJumbo: Free Urban & Grunge Png Shapes – 15 Sets FlexClip: Fake a Drone Footage: Get Drone Footage Created by AI Instantly

NBCNews: Trump signs executive order banning trans women from women’s sports [Lidl NI: “Don’t eat it!” – Recall of three cheeses with dangerous pathogen, Deluxe Cheddar Cheese Wedges] [Another brand of salmonella-contaminated tahini was found, Turkana Food Inc., based in New Jersey.] NPR: Musk's team takes control of key systems at Consumer Financial Protection Bureau [Nortura is one of Norway's largest food producers and the supermarket Coop announced the recall of several different egg codes, salmonella.] [A new study that talks about bottled waters filled with microplastics is causing deep concern.] [New Zealand Sugar Company convicted of distributing 971 tons of lead-contaminated sugar] [Major supermarket recalls contaminated broccoli that can cause serious illness or even death, Walmart] [Serious danger from turmeric – Contains carcinogens and a dye banned since 1939(!) AFT – Il Piacere di Mangiare Sano] [New charges against the world's No. 1 bottled water company, Nestle, after it allegedly abandoned 346,000 cubic meters of waste – equivalent to 92 Olympic-sized swimming pools] [Six more very popular perfumes from major brands were detected with a toxic substance – New European warning, Versace Yellow Diamond, Carolina Herrera Good Girl Dot Drama Karlie Kloss, Yves Saint Laurent Libre, EMPORIO ARMANI IN LOVE WITH YOU, DKNY Be Desired, Prada Luna Rossa Ocean]

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New Podcast Episode: 2023-2024

Business Storytelling: Don't Sell, Take People On a Journey. Latest article. Comprehensive analysis and a sneak peek into the innovative storytelling framework "7ID StoryX". The "Story Odyssey" experience unlocked (inside the member's area). Just signup with your email to get access to all the upcoming releases.

Knowledge Economy Success Blueprint: Theory Hub: Jan 16, new subsection in the section “Info-Products” – Packaging and Pricing”. Workshop #12: Landing page development with the 7ID StoryX storytelling framework. Hidden book inside. A 4-hour workshop for ambitious business owners.

Upcoming:

WORKSHOP #13: Exclusive for members. Packaging and pricing for the 1st info-product in the numismatic industry. WORKSHOP #14: The Value-Led Revelation Launch. Live Challenge

Stay tuned for more!

[starseedfxofficial]

Bitcoin Breaks $107K: Is This the Calm Before the Next Surge? Bitcoin Holds Steady Above $107K: What Traders Need to Know In the fast-paced world of trading, Bitcoin holding steady above the $107K mark might seem as exciting as watching paint dry. But seasoned traders know that in markets like these, calm waters often hide unseen currents—the kind that can pull in profit-hungry traders or toss them overboard. Let’s decode what’s happening under the surface and spot the hidden opportunities the crowd is missing. A $107K Threshold: The New Psychological Battlefield? First, let’s state the obvious—Bitcoin holding its ground above $107K matters. Why? Because round numbers in trading act like invisible lines in the sand. They’re psychological anchors for traders everywhere, from crypto newbies buying their first digital coin to big-time institutional players with fat wallets. Imagine this: You’re eyeing a brand-new Ferrari. It costs $107,000. That number doesn’t just represent a price—it signals status, a mental checkpoint that says, “This is worth it.” In trading, Bitcoin’s price level works the same way. Translation: If Bitcoin can hold steady above $107K, it signals strength—not just technically, but psychologically. Break below it, and traders panic-sell like they spotted a spider in their portfolio. But here’s where the real magic happens... What’s Driving the Calm? Key Trends Traders Can’t Ignore - Spot ETF Whisperings: While the Bitcoin crowd loves drama, the steady price action could reflect traders quietly hedging bets in anticipation of upcoming spot ETF approvals. If regulators give a green light, institutional money might flood the market faster than you can say, “moonshot.” - Halving Anticipation: Bitcoin’s next halving event is set for 2024, reducing mining rewards—a textbook supply squeeze. Historically, halvings have kicked off significant price rallies. Traders with one eye on the charts and another on history books know this could be the early innings of a longer bull run. - Liquidity Craters in the Market: Post-Fed decisions, many traders pulled capital back, leaving liquidity thin. Thin liquidity often magnifies moves—both up and down. If whales make a splash, don’t be surprised if we see Bitcoin push to $110K before the average trader can react. The Opportunity: Hidden Strategies for Savvy Traders Alright, you didn’t come here to be told the obvious. Let’s talk game-changing tactics for traders ready to capitalize on the current calm: - Bracket Trading for Breakouts - Set two orders: one above $108K and one below $106K. If Bitcoin breaks higher or dips lower, you ride the momentum either way. - Why it works: Calm markets create pent-up energy. A breakout move becomes sharp and quick—ideal for momentum traders. - Leveraging On-Chain Data - Check whale wallet movements. Tools like Glassnode or CryptoQuant show when large holders are buying or transferring Bitcoin. An uptick in activity can signal a breakout is coming. - Insider tip: Look for spikes in inflows to major exchanges. Big deposits often mean someone’s getting ready to sell. - Contrarian Sentiment Trading - When everyone gets comfortable (a stable price = boring), it’s time to pay attention. Use tools like the Fear and Greed Index or sentiment data. A sharp move is often around the corner when traders least expect it. But What If Bitcoin Falls? Managing the Risk Like a Pro Trading without a plan is like jumping out of a plane without a parachute. Here’s how to stay in control if Bitcoin tumbles: - Stop-Loss Mastery: Set your stop-loss levels below $105K to avoid getting wiped out by fake breakouts. - Scaling In: Instead of going all-in at one price, break your position into smaller entries. This reduces risk if Bitcoin dips before rallying. - Focus on the Long Game: Bitcoin has survived bigger drops than most traders care to admit. If you’re holding for halving-related moves, short-term dips might just be buying opportunities in disguise. Why This Matters: The Big Picture for Bitcoin Traders The steady $107K price level isn’t boring—it’s strategic. It’s a quiet pause where smart money positions itself for the next big move. Whether you’re riding momentum, hedging with options, or accumulating for the long haul, the calm before the breakout offers opportunities traders ignore at their peril. Here’s the key takeaway: Don’t mistake quiet for insignificant. Markets reward the traders who can see the invisible signals. The $107K level? It’s not just a number. It’s a checkpoint that could set the stage for Bitcoin’s next chapter. Need Exclusive Analysis and Game-Changing Strategies? - Stay ahead of the curve with real-time economic indicators and cutting-edge analysis at StarseedFX News. - Master little-known tactics with in-depth Forex education here. - Join the StarseedFX Community for elite tips, live analysis, and insights from seasoned traders: Sign up here. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[broadcast2worldtv]

20 Best Animated Blockchain Explainer Videos to Watch in 2025

Check out the Best Blockchain Explainer Videos in our compilation below:

Curious to explore the charm of these videos in much more detail? Keep reading on…

The world of crypto has been through wild ups and downs worthy of more than one Netflix drama, from boom-and-bust cycles and success stories to bankruptcies and even arrests.

While it’s no doubt a fascinating, exciting (and some would say, chaotic) world, all of this means that even after so many years, it still remains a challenge to explain blockchain tech to outsiders and win their trust.

So in this ever-evolving landscape, clarity is key. As blockchain continues to revolutionize industries, the demand for effective communication about its complex processes grows.

Enter blockchain explainer videos — powerful tools that break down intricate concepts into easily digestible, engaging narratives.

In 2024, as blockchain adoption accelerates, these videos have become more crucial than ever for businesses looking to educate, inform, and inspire their audiences.

So whether you’re a seasoned blockchain enthusiast or just starting to explore this technology, these 20 blockchain explainer videos are must-watches for the year.

Read more…

[blockinsider]

Mt. Gox Transfers $2B Worth of Bitcoin: Potential Impact on BTC Value

Key Points

Defunct exchange Mt. Gox moved over $2 billion in Bitcoin to two addresses on November 10.

The large-scale transfer has led to market speculation on its impact on Bitcoin’s price trajectory.

The now-closed exchange Mt. Gox transferred over $2 billion to two distinct addresses on November 10. This substantial transfer is one of the most significant movements from Mt. Gox’s remaining assets, adding a new dimension to the decade-long restitution process for the exchange’s numerous creditors.

According to data by Arkham Intelligence, a Mt. Gox wallet identified as “1FG2C…Rveoy” moved approximately 27,871 BTC (valued at $2.24 billion) to a new wallet. Concurrently, another transfer of 2,500 BTC (valued at $200 million) was sent to a Mt. Gox cold wallet.

Recent Movements and Speculations

It is worth noting that Mt. Gox still holds an additional 44,378 BTC. The exchange’s wallet activities, which had been inactive for over a month, started showing movement at the end of October. Earlier this month, the exchange transferred a smaller amount of 500 BTC to unknown addresses.

As Bitcoin prices remain near all-time highs, these transfers have led to market observers pondering the possible effects on Bitcoin’s price direction.

The Mt. Gox saga, which started with a security breach in 2014 and subsequent bankruptcy filing, has been one of the most intricate legal and financial dramas in the crypto world. The collapse of the exchange resulted in the loss of 850,000 BTC.

It’s unclear if the recent transfer is directly related to repayments to creditors, but the timing and size of these transactions have sparked speculation. Historical evidence suggests that Mt. Gox’s remaining assets might be directed towards creditor distributions through centralized exchanges such as Bitstamp and Kraken, although this remains unconfirmed.

Delayed Repayments and Market Predictions

The delay in repayment to creditors continues. Last month, Mt. Gox’s trustee extended the repayment deadline by another year, moving it from October 31, 2024, to October 31, 2025. The delay was attributed to several unresolved issues: incomplete repayment procedures on the part of some creditors and an unexpected “system issue” that reportedly caused duplicate deposits for some recipients.

The trustee has contacted affected creditors, asking for the return of any mistakenly distributed funds.

As Bitcoin’s value surges to unprecedented highs, Ki Young Ju, CEO of CryptoQuant, has issued a cautious outlook. He stated that Bitcoin might end the year below $59,000 due to what he described as an overheated futures market.

Bitcoin is currently trading around $80,995, up by over 2.5% in the last 24 hours. The cryptocurrency has also seen a significant increase in its market cap in the past few days, currently sitting around $1.6 trillion.

Ju’s prediction highlights the tension between Bitcoin’s current bullish momentum and the potential for a significant correction. Mt. Gox’s substantial asset movements could heighten volatility in an already sensitive market, with the potential for increased selling pressure if creditor payouts flood the market.

[truthblockchain]

Africas Rising Focus On Blockchain Technology

The rise of Web 3.0 marks a major shift in the digital landscape. Built on the foundation of decentralization, Web 3.0 aims to give users more control over their data by eliminating intermediaries, which is made possible by blockchain technology. Blockchain, created to ensure transparent, secure, and decentralized record-keeping, has been essential in powering digital currencies like Bitcoin and has transformed industries by offering security and autonomy over digital assets. Initially, countries like the United States, China, and Japan led the way in adopting blockchain, especially within the financial sector. However, its influence soon spread to industries such as healthcare, supply chain management, and beyond. Now, Africa, with Ethiopia at the forefront, is becoming a focus for blockchain technology due to its untapped potential and favorable conditions for growth.

https://addisinsight.net/2024/09/from-binances-legal-drama-to-ethiopias-crypto-surge-exploring-africas-new-blockchain-hub/#google_vignette

[clarkswansonblogpost]

Clark Swanson as an Expert is Quoted in Cointelegraph

Will the Bitcoin halving bring more institutional investors into crypto?

The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?

Much remains unknown about Bitcoin’s (BTC) quadrennial halving event, which reduces the block rewards earned by Bitcoin miners by 50%, who play a critical role in validating BTC transactions and securing the system.

Will miners go bankrupt or flee the network? Will the hash rate collapse? Will the price of Bitcoin rise and then fall? Will the halving spur further crypto adoption? And so on.

But this much is certain: Every four years, miners’ block rewards are cut in half — this is pre-coded into the network — and at some point in April 2024, once the 210,000th block is validated, miners’ rewards will fall from 6.25 BTC per block to 3.125.

All halvings are both similar and different, but this year’s could be unique because of the new spot market Bitcoin exchange-traded funds (ETFs), launched in January, which have helped drive the price of Bitcoin to all-time highs, bringing the crypto sector as a whole close to a $3 trillion market capitalization.

This raises yet another question: Given that the Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset, will the April halving accelerate the trend?

Some think so. “Institutions are still learning about this asset class, but understanding the monetary policy of Bitcoin will only drive more interest,” Dante Cook, Swan Bitcoin’s head of business, told Cointelegraph.

The halving is an important demonstration that “Bitcoin security can continue despite a lower ‘security budget,’” Ethan Vera, chief operating officer at Luxor Technology Corporation, told Cointelegraph, adding:

“We expect there to be continued institutional interest in both the underlying commodity and also the companies operating in the space, such as miners.”

For institutions that want to buy the coin itself, cutting the block reward in half is arguably an enticement, added Joe Nardini, senior managing director at B. Riley Securities. It’s more evidence that the BTC supply is not going to balloon, which is a “net positive” for many prospective institutional investors, Nardini told Cointelegraph.

However, not all agree that the halving alone will bring large corporations or financial institutions contemplating crypto into the Bitcoin fold.

“The halving shouldn’t have an impact on whether large corporations/institutional investors will invest in Bitcoin for the first time,” Ruben Sahakyan, director of investment banking at Stifel Financial, told Cointelegraph.

Investors have clearly embraced the spot market Bitcoin ETFs — as seen by the net inflows — and further regulatory clarity will help to drive industry adoption and investor base, continued Sahakyan. “However, some investors are on the sidelines when it comes to investing in mining stocks as they await what impact the halving has on miners’ profitability and volatility is reduced.”

Others suggested that halvings may not be quite as they used to be, i.e., fraught with drama.

“The halving is likely not as big an event as the industry is well prepared and has been deleveraging in anticipation of the potentially reduced economics,” Taras Kulyk, founder and CEO of SunnySide Digital, an infrastructure provider, told Cointelegraph. “Additionally, the massive growth of L2 technologies on top of the Bitcoin Network has increased transaction fees — blunting the impact of the halving even more.”

A “halving-induced” upswing?

Historically, Bitcoin has risen in price in the months leading up to a halving, which is happening again in 2024. Indeed, a JPMorgan analyst referred at the end of February to a “Bitcoin-halving-induced euphoria” gripping the crypto market. But is that really the case?

“There are two major narratives and drivers for Bitcoin currently,” Chris Kuiper, director of research at Fidelity Digital Assets (FDA), told Cointelegraph. The first is the recent approval of spot Bitcoin ETPs [exchange-traded products], which was a major milestone in Bitcoin’s history and a continued road to adoption.”

The second, Kuiper continued, is the upcoming halving. “As in the past, it’s expected that there will be little effect on the Bitcoin network itself. We may see an initial fall in hash rate, but it will likely only be a matter of time before it recovers to its previous levels and once again moves higher, which wouldn’t affect the operation of the network.”

Recent: Can the digital euro actually find traction in Europe?

Which of these two events is more impactful? We don’t know if the price surge results from the halving or the spot market Bitcoin ETF approvals, B. Riley Securities’ Nardini said, but it’s more likely “ETF induced,” in his opinion.

The JPMorgan analyst also warned the price of Bitcoin could drop to $42,000 after the halving. That, too, would follow the script of past halvings. Hash rate — the overall computing power of the network — is what makes the Bitcoin network more secure. In the past three halvings (2020, 2016, and 2012), the hash rate fell initially but quickly recovered within six to 31 days.

“What is different today from historical halvings are the ETFs, which have dramatically changed the Bitcoin ecosystem,” Clark Swanson, entrepreneur and former CEO of Bitcoin mining firm Blockcap, told Cointelegraph.

The new ETFs have created a “demand shock to Bitcoin’s limited supply,” said Swanson. This will “drive prices even higher and blunt some of the market forces that have traditionally posed challenges for miners.”

“Post halving, there is going to be exactly 50% less Bitcoin produced — or available for sale — while ETF demand seems to remain, which should continue to drive volatility,” agreed Sahakyan. “Some of the miners have again started building up BTC balance sheets, which further reduces the available supply of Bitcoin.”

Others, however, anticipate some surprises. Aki Balogh, co-founder and CEO of DLC.Link, told Cointelegraph that “the supply shock that will come from reduced mining revenues is real and will play some effect.”

Some of that has already been priced in, “but there are unknown second and third-derivative effects that will only come out after the halving has happened,” continued Balogh. Still, “I think scarcity will push the price up somewhat.”

In the longer term, history suggests the hash rate will recover, and the price of Bitcoin continue its ascent to new heights. The halving is a unique situation where the block reward periodically decreases, and in this way, “the inflation rate of the network is pre-coded,” said Vera. “Historically, we have noticed that the decrease in new Bitcoin issuance has a positive impact on price.”

Wherefore BTC proxies?

What about traditional BTC proxies like MicroStrategy and some of the larger BTC mining firms? Will they fare better or worse when the dust settles on the 2024 Bitcoin halving?

Economically speaking, halvings primarily influence BTC supply, said Balogh, whereas “the ETFs, MicroStrategy’s well-publicized purchases, and even El Salvador’s daily purchases of BTC impact the demand side.” The spot market ETFs are likely to affect Bitcoin proxies like MicroStrategy more than the halving. Added Balogh:

“Will MicroStrategy continue to serve as a proxy for BTC, given that one can buy BTC outright in an ETF? Probably slightly less so than before. It’s cleaner to buy an ETF versus a stock that is controlled by a Board of Directors with unknown objectives.”

On the other hand, MicroStrategy recently rebranded itself as a Bitcoin development company, he continued, while the new ETFs “are capital-inefficient in the sense that the BTC just sits there. Investors may prefer Michael Saylor’s more active management strategy versus the ETFs.”

Cook, for his part, foresaw no diminution in MicroStrategy’s role as a BTC proxy post-halving. “MicroStrategy’s stock is up nearly 450% over the past year and over 250% over the last six months. It’s one of the ways institutions will seek to gain exposure to the asset class of Bitcoin,” he told Cointelegraph.

How will miners fare?

What about miners’ prospects? They’re most directly affected, after all.

“Each mining rig has its own profitability price point,” Fidelity’s Daniel Gray noted in a recent blog. “Every operation will be going into this event assuming they have enough reserves on hand to withstand the negative pressure of the halving.”

Maybe the global BTC mining sector today is larger and more stable than in past years.

“The mining sector overall has matured since the last halving and is significantly better positioned, but some will struggle unless the [BTC market] price continues to rise as the network difficulty continues to increase amid outstanding machine orders,” said Stifel’s Sahakyan.

“It appears miners are in better shape overall in terms of lower levels of debt and potentially better control over their costs, such as electricity,” added Kuiper. “What’s also helping miners this cycle is the price appreciation before the halving — something that also hasn’t been seen in previous cycles.”

However, “for smaller miners, it will be tough,” predicted Nardini. They may need to raise capital. Publicly held mining firms, by comparison, will generally have an easier time raising capital.

Since the beginning of 2024, Bitcoin miners with one peta hash of mining equipment can count on earning roughly $115 a day, Vera told Cointelegraph, which is “a significant improvement since the beginning of the year given the recent price movement,” but still:

“With the halving coming up and a relentless growth of network hash rate certain miners are going to be at risk of negative profitability post-halving.”

Many miners see the writing on the wall — lower and lower block rewards — and are looking more at supplemental revenue opportunities. “Transaction fees on the Bitcoin network are crucial for miners long term,” said Vera, “and we are seeing many start investing time and capital into developing the ecosystem of applications being built on Bitcoin.”

As important as ETFs?

If one compares the introduction of the spot Bitcoin ETFs in January with the quadrennial Bitcoin halving in April, which will posterity deem more consequential?

Few this past week were willing to say the halving. The halving is “second in importance to the ETFs,” said Nardini flatly.

Still, halvings are unique to Bitcoin and represent a sort of advertisement for what is good and enduring about the cryptocurrency (e.g., it’s “hard money”), as well as some of the attendant risks like falling hash rate.

Recent: How will the Bitcoin halving affect ETH price?

From an adoption standpoint, it’s important for people to see that Bitcoin’s “monetary policy” once again is performing as programmed and expected, Kuiper said, “and it may once again reinforce to investors that Bitcoin, as an asset, is one that’s increasingly becoming scarcer as compared to other financial assets, commodities, or currencies.”

Or, as Swanson noted:

“It is the finite supply and the halving of Bitcoin, which are characteristics that help make Bitcoin the hardest money ever created.”

For this reason, he added, “It also may be the first man-made money to survive more than 200 years.”

[bitcoincables]

Bitcoin and Crypto Market Braces for Potential Financial Crisis and Paradigm Shift

Bitcoin and cryptocurrency prices have bounced back from their 2022 price crash, and there are expectations of a "paradigm shift" in the US dollar that could impact the financial system. The bitcoin price has increased by approximately 80% over the past year, and JPMorgan has recently made a surprising bitcoin price prediction. Interestingly, Donald Trump has shown support for bitcoin and crypto in a quiet manner, and it is anticipated that the US Federal Reserve might end its funding support for banks, potentially leading to a financial crisis.

The upcoming historical halving of bitcoin is also expected to cause price fluctuations in the crypto market. Arthur Hayes, the founder of Bitmex, has made a short-term bitcoin price prediction, projecting it to be between $30,000 to $35,000 before bouncing back later in the year. Hayes believes that the Fed will have to resort to measures like rate cuts, tapering of quantitative tightening, or resumption of money printing via quantitative easing to deal with the financial crisis. In contrast, Hayes argues that bitcoin's price action indicates that he is correct and the Fed is wrong, as the Fed is reportedly afraid of inflation.

The Fed has confirmed that it will end its $160 billion bank term funding program in March, which was created to address the banking crisis caused by the Fed's interest rate hikes and inflation. Hayes predicts that banks will continue to struggle until rates are lowered and that they cannot survive without government support through the bank term funding program. On the other hand, bitcoin and crypto traders, who have been closely following the Wall Street bitcoin exchange-traded fund (ETF) drama, are now shifting their focus away from tracking bitcoin ETF flows. They believe that despite potential disappointments in bitcoin ETF inflows, the macro environment will remain supportive in 2024, particularly due to the constructive fiscal response expected during the US election cycle.

[Read More]

Hashtags: bitcoin, cryptocurrency, financialcrisis, donaldtrump

[tvrundownusa]

tvrundown USA 2024.01.01

Monday, January 1st: ~ Happy New Year ~

(exclusive): Fool Me Once (netflix, limited series thriller, all 8 eps), "Bitconned" (netflix, crypto-currency true-crime documentary, ~95mins), "You Are What You Eat: A Twin Experiment" (netflix, docuseries, all 4 parts), "Changemakers" (Para+, communities docuseries, all 8 eps), Mrs. Brown's Boys (BritBox, season 5 Christmas special), HGTV Dream Home 2024 (MAX, special, midday)

(streaming weekly): Marry My Husband (APrime, Korean drama series opener)

(broadcast specials): 2023 Rock & Roll Hall of Fame Induction Ceremony (ABC, highlights, 3hrs), "MAS*H: The Comedy That Changed Television" (FOX, cast reunion, 2hrs), "Taking on Taylor Swift" (CNN special report)

(hour 1): Kids Baking Championship (FOOD, season 12 opener, 2hrs), AGT: Fantasy League (NBC, "America's Got Talent" spinoff premiere, 2hrs)

(hour 2): Kids Baking Championship (FOOD, contd), AGT: Fantasy League (NBC, contd)

(hour 3): Ancient Aliens ("Extraterrestrial Pyramids")

(hour 4 - latenight): Barmageddon (USA)

[cryptonstocks]

Ash and Booker’s Take on the Crypto Roller Coaster and the Stock Market Hoedown!

Ash & Booker back with our take on the crypto & stock market rodeo! 🤠📈 Bear market's endin', but the real gold's in family & friends. 🌟💖 Gov't drama, Bitcoin ETFs, & a hopeful 2024 bull run. 🐂💥 Stay tuned, y'all! #CryptoButtheads #BullishOn2024 https://cryptobutthead.com/ash-and-bookers-take-on-the-crypto-roller-coaster-and-the-stock-market-hoedown/

[metamoonshots]

[ad_1] In a world the place digital property and cryptocurrencies are gaining traction quickly, buyers are continually searching for reassurance and steerage to navigate the unstable waters of the crypto market. The European Union (EU), a pioneering jurisdiction in crypto regulation, just lately issued a stern warning.The European Securities and Markets Authority (ESMA) cautioned buyers in regards to the lack of safety till 2024. It emphasised the danger of dropping all their invested capital, no matter new laws.The EU made headlines when it gave a thumbs-up to a complete set of crypto laws often known as MiCA. These guidelines acquired the inexperienced gentle in June, however don’t get away the champagne simply but — they gained’t be totally in motion till December 2024.This cautious timeline comes sizzling on the heels of latest crypto drama, together with the FTX trade collapse and Bitcoin’s rollercoaster trip.Earlier than MiCA, the EU’s crypto realm was the wild west of the monetary world. With MiCA within the image, ESMA needs you to know that there’s no such factor as a ‘secure’ cryptoasset, even as soon as the laws are in full swing.These digital property carry distinctive dangers to the get together, from operational quirks to safety issues. So, because the saying goes, don’t put all of your eggs in a single crypto-basket and be prepared for the sudden.ESMA’s warning about delayed regulatory and supervisory safeguards is sort of a siren within the evening, and crypto fanatics want to concentrate. Till December 2024, the crypto world within the EU gained’t be below the protecting umbrella of strong laws.WithoutThese laws are essential for buyers to have a structured framework for coping with potential points. There gained’t be any predefined guidelines, and also you is perhaps in uncharted territory.No laws, no recourse mechanisms. [ad_2]

[ailtrahq]

The legal dispute between blockchain company Ripple and the Securities and Exchange Commission (SEC) continues to capture significant attention as the parties involved put forth various scenarios for the case’s resolution. Following Ripple’s partial victory, in which the court ruled that XRP tokens were not securities, the cryptocurrency community closely monitors the unfolding developments and speculates on the final outcome. Notably, John Deaton, a prominent lawyer advocating for XRP, has cast doubt on the likelihood of a trial in this case. During an interview with Thinking Crypto on October 5, he expressed skepticism about the SEC’s prospects if it chooses to pursue the high-profile case, highlighting the numerous complexities the regulatory agency would face. Deaton believes two alternative paths could be taken while predicting that the SEC might lose a trial, with his skepticism rooted in the potential risks and uncertainties associated with a trial, including the public spectacle it would create. “I don’t think a trial is going to happen. They’re going to lose. Do they really want all that Hinman stuff and the drama of a trial? It’s going to be a big, long, lengthy, very expensive trial,” he said.  Impact of SEC’s other crypto cases Deaton emphasized the financial burden a protracted legal battle would impose on both parties. This sentiment is particularly relevant considering the SEC’s ongoing enforcement actions against cryptocurrency exchanges like Coinbase and Binance and its involvement in other legal matters within the cryptocurrency industry. “And if your chances are slim to none, why do that right now? If they weren’t fighting Coinbase and Binance and doing all the other things, maybe it’s worth it. But don’t you need those resources to fight the other cases? So that’s what I mean, is that I don’t think there’ll be a trial,” he added.  The attorney concluded his remarks with a caveat, acknowledging that his assessment might not necessarily reflect the SEC’s actual strategy, highlighting the inherent unpredictability of legal proceedings. The discussion surrounding the possibility of a settlement has intensified following Ripple’s recent legal victory. Specifically, on October 3, Judge Analisa Torres rejected the SEC’s motion for an interlocutory appeal. In her order, she also raised the prospect of a potential resolution between the two parties before the April 23, 2024 trial date. Meanwhile, despite the ongoing legal challenges that have cast a shadow on the value of XRP, Ripple is actively pursuing partnerships to enhance the network’s utility. Ripple was recently unveiled as a member of the task force initiated by the Bank for International Settlements (BIS) with the goal of advancing cross-border payment interoperability and expansion. BIS has been engaged in blockchain experimentation aimed at achieving streamlined interoperability and cross-border payments for some time. In addition to Ripple, BIS has enlisted the participation of other entities, including Mastercard (NYSE: MA), in its task force. XRP price analysis By press time, XRP was valued at $0.52 with daily losses of about 0.66%. On the weekly chart, XRP is down almost 0.2%.  XRP seven-day price chart. Source: Finbold In a technical analysis based on one-day data obtained from TradingView, XRP currently exhibits a state of neutrality. The summary, moving averages, and oscillators all indicate a ‘neutral’ sentiment, with respective readings of 9, 1, and 8. XRP technical analysis. Source: TradingView All factors considered, the prospects of XRP greatly remain hinged on the outcome of the SEC case.