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▪️About blockchain, cryptocurrency and crypto technologies. ▪️Actual entry and exit points in the cryptocurrency market 🔹Channel: @finsignal 🔹Buy ads: https://telega.io/c/finsignal
There has been a spike in withdrawals from Binance over the past 24 hours with a net flow of -$1.6B*.
Its 7-day net flow is now -$1.9B, currently less than the weekly net flow of -$2.3B that Binance processed after the FTX crash.
*Only ETH and ERC20 tokens
@finsignal
📈 Scary, but growing.
Panic around Binance is canceled, it was caused by a fake Reuters article yesterday. The publication reported: US Attorney's Office is considering whether to accuse Binance of money laundering and violating sanctions. But this turned out not to be true.
Although Binance immediately issued a rebuttal, investors panicked and began to sell everything related to the exchange: BNB, BUSD, TWT. You can understand them: such accusations often fly towards the crypto exchange, and they are not entirely unfounded. In addition, the head of Binance recently "drowned" the largest US exchange, whose leadership actively supported the ruling party. So US sanctions on Binance are quite possible.
• index of fear and greed 27 - "fear".
• market capitalization — $842.57 billion.
• Bitcoin dominance - 38.26%.
• alt season index — 33
Waiting for your opinion in our chat
@finsignal
🤝📈 Katy Wood is bullish on #BTC and DeFi
Ark Invest CEO Wood supports bitcoin despite the collapse of FTX, saying that the blockchain of the first cryptocurrency continues to operate as usual.
"SBF didn't like bitcoin because he couldn't control it" - Wood
According to her, the Bitcoin blockchain did not miss a single blow during the crisis caused by opaque centralized players.
Wood remains very positive about cryptocurrencies and believes that the bankruptcy of centralized institutions will contribute to the development of a decentralized financial sector.
@finsignal
The University of Tokyo will launch courses in the metaverse
The Faculty of Engineering at the University of Tokyo will offer a range of study programs in virtual worlds at the end of 2022. Asahi reports.
The initiative will make it possible to study information technology, artificial intelligence and programming regardless of gender, age, social status and place of residence.
Schoolchildren will be introduced to the Metaverses and told about career prospects in the industry. University students and existing participants in the program will be offered retraining opportunities.
Successful completion of the course entails obtaining a certificate. At the current stage, the program is not planned to be separated into a separate faculty with scientific degrees.
The main goal of the project is to eliminate the shortage of personnel in the field of digital transformation. The authors of the initiative intend to attract more women to the program due to their shortage in the industry.
@finsignal
#LastNews
🔹️Head of Three Arrows Capital 3AC accused FTX and Alameda of attacking LUNA — Sam SBF denies everything
🔹️SEC will require traditional companies to report direct and indirect relationships with crypto companies
🔹️Coinbase calls for converting USDT to “safe” USDC, and will also eliminate the fee for converting USDT to USDC
@finsignal
Bitcoin investors recorded a loss of $ 213 billion over the past year
For comparison, in 2018-2019, the realized loss of investors amounted to $56 billion, and the profit was 2 times more. The ratio is the same as in this cycle.
That is, on average, on a bear market, investors lose half of their real earnings during a bullish trend.
@finsignal
Coinbase Urges To Convert USDT To USDC: “Switch To A Trusted And Respected Digital Dollar: USDC”
The exchange lists USDC as one of the most trusted and reputable digital dollars that is fully backed by reserves and offers zero-fee USDT to USDC conversion for customers worldwide.
Earlier it was reported that Circle, the issuer of USDC, could get access to the US Federal Reserve's reverse repo system, which would actually put the company on a par with banks.
@finsignal
Who will inhabit the metaverse? AI aggregator Hugging Face created a demo in which two NPCs (bots) have an AI-generated conversation
It turned out incredibly cool!
A big advantage of AI bots over regular ones (like in GTA V) is that their conversations can go on forever and never repeat themselves.
The next stage I see is the opportunity to participate in dialogues => lonely people will never be alone. Is it much more interesting to chat with AI, which is also constantly updated, than to constantly listen to the same conversation from a character standing in one place?
For even greater realism, you need to add a neural network that will calculate the movements of the NPC and click on the "start" button. Then in the metauniverse it will be possible to constantly meet millions of virtual creatures that are difficult to distinguish from the avatars of real people.
@finsignal
📈 The positivity is back. Crypt in the morning
The market shifts the responsibility for the collapse of crypto projects to the SEC - and oddly enough, this helps to grow in difficult times. The regulator is allegedly to blame for the fact that he did not carry out strict regulation of the market, did not check the projects and did not distribute prison terms to all those involved. True, the inevitable regulation is unlikely to be positive. Yes, and growth on such news is not the beginning of a reversal.
Coinbase today called for converting USDT to “safe” USDC, as well as eliminating fees for converting USDT to USDC. As you can see, the confrontation between market leaders continues.
• index of fear and greed 26 - "fear".
• market capitalization — $859.19 billion.
• Bitcoin dominance - 37.66%.
• alt season index — 33
@finsignal
#LastNews
🔹️Kazakh parliament pushes for bitcoin mining law
🔹️NFT platform Gemini Nifty Gateway now offers ImmutableX NFT
🔹️Former SBF prodigy could end up behind bars for life under US federal sentencing rules
🔹️Chairman of the US Securities and Exchange Commission: "Cryptocurrencies will not last long outside the norms of public policy"
🔹️Investors in Bitcoin recorded a loss of $213 billion over the past year - For comparison, in 2018-2019, investors realized a loss of $56 billion, and a profit of 2 times more. Ratio as in this loop
🔹️Mastercard said that after the FTX crash and the market crash, there will definitely be a reboot in the crypto industry - over time, new institutional investors who enter the crypto will be more aware and prudent
🔹️Crypto investors lost a lawsuit against Kim Kardashian, Floyd Mayweather and basketball player Paul Pierce - Trinity was accused of advertising the EthereumMax digital asset in order to artificially increase the price of coins and make a profit on their sale. They didn't say they own EMAX and mislead investors
@finsignal
🗣😳 "Blockchain is a waste of time and energy" - Nobel Laureate in Economics
Paul Krugman, emeritus professor of economics at the Graduate Center of the City University of New York and columnist for The New York Times, does not believe in bitcoin. Back in July 2018, he admitted to being a “cryptoskeptic,” and recently stated: “Many people say that we are going through a cryptowinter. But that probably understates the point." According to Krugman, it looks more and more like Fimbulwinter, the endless winter that precedes the end of the world in Norse mythology. And in this case, it means the end of the crypto world.
According to Krugman, the main question is: why did so many people buy into the belief that this idea is the future? At the same time, he notes that amid all the noise and rage around FTX, many did not seem to notice how those few “institutions” that seriously tried to use the blockchain gave up.
@finsignal
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Ethereum is 62% dependent on Amazon, is its decentralization at risk?
What and why?
The dependence of the Ethereum network on the Amazon corporation continues to deepen. According to the Etherenodes portal, 62.7% of all Ethereum nodes (the main component of the blockchain) are located in Amazon data centers. Can Jeff Bezos disrupt the network?
What can this lead to?
The question is philosophical. Theoretically, this is possible, but in order to disrupt the operation of the cryptocurrency, Bezos will need to disable most of the servers, which, for sure, contain hundreds of infrastructure facilities. In this scenario, shutting down Ethereum is clearly not going to be the main issue.
You can also hypothetically talk about cryptocurrency quotes at the start of a nuclear war. A piece of advice I often give is to keep funds on wallets like Ledger, even if the internet goes down for a while around the world, you can be sure that your NFTs will stay with you. Isn't that the main thing in difficult moments of life?
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⚡️ Another signal of the end of the bear market is the Percent Supply in Profit indicator
So far, the indicator has fallen below this line only 5 times.
In 2011 and 2022 it briefly touched the 48% area
During the collapse of COVID-19 in March 2020, it reached 50% (blue circles), and in 2015 and 2019 it fell to 42% (red areas)
Add to this the expectation of easing the Fed's policy and turning on the printing press and we get all the conditions for a trend change to bullish in the next 2023 🚀
What do you think? Write your opinion in our chat👇👇👇
/channel/+KeYHIgoDQWUwZGUy
⚡️China and Saudi Arabia signed investment agreements for $50 billion - Bloomberg.
The agreements cover both the private and public sectors.
@finsignal
#LastNews
🔹️China arrests 63 people for laundering $1.7 billion with cryptocurrencies
🔹️EU Plans to Launch Fully Regulated and Licensed Stablecoin EUROe Pegged to EUR Sooner
🔹️SBF plans to start a new business to make money to pay off the victims of the FTX collapse and will soon appear before the US Congress - December 13
🔹️The EU aims to limit the purchase of crypto for cash and control all transactions of more than €1000, which must be verified by virtual asset service providers (crypto-asset service providers, CASP) - There is also a limit of €10,000 for a single cash payment
@finsignal
☄️ Sam Bankman-Fried supported the idea of reissuing the FTX utility token
The SBF responded positively to a proposal by Crypto Banter founder and CNBC host Crypto Trader Ran Neuner to restore confidence in the bankrupt exchange's utility token.
“That would be a productive way for the parties to explore! I hope that the current teams will implement this [Neuner's idea],” wrote Bankman-Fried.
Would you buy? 😁 Write in the comments.
@finsignal
Ledger announces wallet for non-fungible tokens
The new Ledger Stax hardware wallet was created in collaboration with Tony Fadell (iPod designer). The device features a curved E Ink display that displays user-selected illustrations even when the device is turned off.
The company plans to release in the first quarter of 2023, and pre-order is already open on the Ledger website.
@finsignal
🔥Binance Smart Chain Highlights BSC Deployed Projects with Most Impressive Burning Mechanisms
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⚡️ Goldman Sachs ready to buy back crypto after FTX crash - Reuters
The collapse of FTX has heightened the need for more trustworthy, regulated crypto players, and the big banks see an opportunity to grow this business, Matthew McDermott, Goldman's head of digital assets, told Reuters.
He added that Goldman is conducting due diligence on a number of different crypto firms, without giving details.
@finsignal
The flow of funds to cryptocurrency funds experienced a catastrophic drop from $10 billion to $85 million a year
@finsignal
Guys! We created a chat for subscribers of our channel 🚀🚀🚀
We invite you to join and discuss Crypto👇👇
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🔥 Newest wallet Ledger Stax, already dubbed "Apple in Web3"
By the way, the designer of Stax is Tony Faddell, one of the former Apple engineers who took part in the development of the very first iPod and iPhone.
@finsignal
💸 Goldman Sachs to invest millions of dollars in crypto firms despite FTX collapse - Reuters
Matthew McDermott, chief executive of Goldman, said banks see opportunities in this area. According to the top manager, the technology that underlies cryptocurrencies continues to work.
Goldman and other institutions are looking to buy and invest at lower prices while the fallout from the FTX crash drives down asset values.
@finsignal
Chinese court recognizes NFT as property
It turns out that tokens have property characteristics such as price, uniqueness, manageability, and tradability. This means that NFTs, under Chinese law, must have the same level of legal protection as other property.
The court in Ganzhou made such a conclusion after the case on the protection of property rights between the NFT platform and the user.
The ruling looked like this:
"The relevant contract does not violate China's laws and regulations, nor does it violate the realistic policy and regulatory orientation of China's national defense economic and financial risks, and should be protected by Chinese law."
@finsignal
Pavel Durov spoke about plans to create a crypto wallet and exchange in Telegram
In his post, the head of Telegram shared his thoughts on the past collapse of FTX, decentralization and mass adoption of blockchain technologies.
Pavel also noted the success of the Fragment platform created on The Open Network and, of course, did not forget about the TON blockchain platform, which, according to him, is “fast and efficient enough to host popular applications (unlike Ethereum, which, unfortunately, remains outdated). and expensive even after recent updates).
In the near future, the messenger plans to create a set of decentralized tools: wallets and a decentralized exchange. How it will look like, and when to expect new updates is still unknown.
We wait, we hope and we believe❤️
@finsignal