#BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
Читать полностью…What Is a Security Token Offering (STO)?
A security token offering (STO) is a form of initial coin offering (ICO) where a company or organization issues a security token that is backed by a tangible asset, such as real estate, technology or other assets. The security token represents the right to ownership of the underlying asset, with the tokens being tradeable on a compliant digital asset exchange.
Additionally, security tokens are subject to stricter regulation than traditional ICOs, which means that investors can rest assured that their assets are secure and that their investment adheres to compliance rules. This helps protect investors from fraud and other risks and provides them with greater flexibility and control over their investments.
What Is a Security Token?
A security token is a type of digital asset that derives its value from an external, tradable asset. It is a cryptographic token issued on a blockchain and represents a real-world tradable asset, such as stocks, bonds, commodities, real estate or even artwork. They offer many of the same benefits as traditional securities, such as asset ownership, voting rights and dividends. They are used to authenticate identities electronically by storing personal information. They are issued by security token services and authenticate a person's identity. They can be used alongside a password to prove an owner's identity. However, security tokens are not always secure and can potentially be lost, stolen or even hacked in the worst-case scenario.
There are three primary types of traditional securities: equities, debt and a hybrid of debt and equity. Examples of securities include stocks, bonds, ETFs, options and futures. Hypothetically, any of these things can be tokenized to become a security token. In the near future, security tokens could serve as a viable alternative and competitor to stocks and other traditional securities.
Security Tokens vs Cryptocurrencies
Security tokens are not the same exact thing as cryptocurrencies. Many people make this mistake. Cryptocurrencies such as Bitcoin, Litecoin and Bitcoin Cash run on their own blockchains. Security tokens run on an existing blockchain, meaning a security token could run on the Ethereum blockchain, which is most commonly used to deploy security tokens. Many companies use ERC-20 tokens, which are Ethereum-compatible tokens that can run on the Ethereum blockchain using smart contracts for execution.
Security Tokens vs Utility Tokens
Security tokens differ from other digital assets, such as cryptocurrencies and utility tokens, in that they are subject to regulatory compliance. Any investment in a security token must comply with the applicable securities laws. Security tokens are also often backed by real-world assets and thus offer investors greater liquidity, transparency and security than other digital assets.
The key difference between a security token and a utility token is that a security token is an investment contract that represents ownership in an underlying asset. In contrast, a utility token is designed to provide access to a specific service or platform. Security tokens often entitle holders to a share of profits, voting rights and/or dividends, while utility tokens provide access to services, features and products.
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, trying to push lower and might give a closing below too as its a last day for weekly. A closing below will open a gates for next support around $62,200 and even lower for grabbing liquidity.
The recent sideways price movement of Bitcoin, despite significant inflows into US Spot ETFs, has drawn attention. To contextualize the ETF demand, we can compare the ETF balance (862K BTC) to other major entities:
US Spot ETF: 862k BTC
Mt. Gox Trustee: 141k BTC
US Government: 207k BTC
All Exchanges: 2.3M BTC
Miners (Exc. Patoshi): 706k BTC
These entities collectively hold ~4.23M BTC, representing 27% of the adjusted circulating supply (total supply minus coins dormant for over seven years).
#BITCOIN DAILY TF UPDATE :
#BITCOIN on Daily TF, didn't gave any market structure shift and proceeding lower. Price kept on retracing and making lower lows with time, Nothing much clear at the moment as not sign of bullishness. By next week, we can see a strong movement in the range.
What Is Secure Multi-Party Computation ?
Secure Multi-Party Computation (sMPC) is a powerful cryptographic concept that enables multiple parties to jointly compute a function over their inputs while keeping those inputs private. This technology has significant implications for blockchain and beyond. Let's delve deeper into sMPC, its applications, and its importance in the blockchain ecosystem.
Key Concepts of sMPC:
1. Privacy Preservation: The fundamental principle of sMPC is that it allows computation on data without revealing the data itself to any party involved in the computation.
2. Distributed Computation: The computation is split across multiple parties, with each party performing a portion of the calculation.
3. Input Privacy: Each party's input remains hidden from other parties throughout the computation process.
4. Output Integrity: The final result of the computation is guaranteed to be correct, assuming the protocol is followed correctly.
How sMPC Works:
1. Secret Sharing: The input data is divided into "shares" and distributed among participants.
2. Computation on Shares: Parties perform calculations on these shares without reconstructing the original data.
3. Result Aggregation: The final result is assembled from the individual computations.
Applications in Blockchain:
1. Private Smart Contracts: sMPC allows for the execution of smart contracts without revealing sensitive data to the blockchain network.
2. Decentralized Exchanges (DEXs): It can enable price discovery and order matching without exposing individual trade information.
3. Voting Systems: sMPC can be used to create secure and private voting mechanisms on blockchain platforms.
4. Privacy-Preserving Analytics: Blockchain data can be analyzed without compromising individual transaction privacy.
5. Cross-Chain Interoperability: sMPC can facilitate secure communication and transactions between different blockchain networks.
Beyond Blockchain:
1. Financial Services: Banks can collaborate on fraud detection without sharing customer data.
2. Healthcare: Medical researchers can analyze patient data across institutions while maintaining patient privacy.
3. Supply Chain Management: Companies can optimize logistics without revealing sensitive business information.
4. Government Services: Agencies can share and analyze data while adhering to privacy regulations.
Challenges and Considerations:
1. Computational Overhead: sMPC protocols can be computationally intensive, potentially impacting performance.
2. Network Requirements: They often require significant communication between parties, which can be a bottleneck.
3. Trust Assumptions: While sMPC provides strong privacy guarantees, it still relies on certain trust assumptions about the participants.
4. Implementation Complexity: Designing and implementing secure sMPC protocols is challenging and requires expertise.
Future Developments:
1. Efficiency Improvements: Research is ongoing to make sMPC more efficient and practical for real-world applications.
2. Integration with Other Technologies: Combining sMPC with other privacy-enhancing technologies like zero-knowledge proofs could lead to even more powerful privacy solutions.
3. Standardization: As sMPC becomes more widely adopted, we may see efforts to standardize protocols and best practices.
#BTC.D UPDATE :
#BTC.D haven't moved and consolidated as #BTC did. With that, Altcoins dipped below in this battle, Index kept on rejecting the resistance trendline and hopefully we'll see a drop.
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What Is a Secondary Market?
A secondary market is a place where investors or traders can buy and sell different kinds of assets or securities that they own, with others. In the traditional finance sector, this is usually a place where retail investors trade financial instruments like stocks, bonds, options, and futures.
But the role of the secondary market is to provide access for the average investor financial instruments, which they would otherwise not be able to obtain from the primary market, because a primary market in traditional financial environments is usually reserved for “qualified” investors and large institutions. A secondary market can be compared to a retail store like Walmart, where anyone can shop; meanwhile, the primary market is for suppliers, where wholesalers buy in large quantities.
With cryptocurrencies, the same principle applies. The only difference is that currently the primary market equivalent is largely based on token sale platforms. The restriction here is not the number of tokens, but rather the buyer’s qualifications and appetite for risk. In other words: With crypto, the primary buyers are usually those who can afford to risk their money on a new project, or have heard of it first and manage to grab tokens. The secondary crypto/token market is the place where all the others can then buy tokens after the initial token sale is over.
Updated: Binance Will Support the Fetch .ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX) Token Merge
https://www.binance.com/en/support/announcement/e485541c370240adba3929fded74f269
#CHZ gave a break to the down and dropped around 25.5% in favor break the lower support (grey box) too. Price entered a small consolidation, and a break will take lead in the short-term move in the market.
Читать полностью…Here's the Analysis of #BAKE :
#BAKE is been hard falling below the support and heading towards the Strong support zone of $0.34 - $0.35. There's a trendline and lower support around $0.30 - $0.31, which could be potential rejection area. All eyes on the support nothing can be done in between.
Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service. The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively.
Читать полностью…#GOLD UPDATE :
#GOLD did attempted to push towards the resistance and made it way. But ended up being a fakeout, and dropped hard by NY Session. Currently price retesting the flip level and might proceed lower $2310 and $2300's.
Here's the Analysis of #CVX :
#CVX is been consolidating in a range and forming a very steep triangle pattern, which is yet to breakout. Price action looks very messy and middle of the nowhere. Its better to wait for the zone to breakout or buys from $2.90 and $2.40 will be considerable.
#DXY UPDATE :
#DXY made a flip as we saw last week and now this week it push as we're expecting that. The result we already saw in the market, and still a this looks bullish till it reached 106.40%. So You can expect dump or a strong consolidation this week, so we'll see some sort of movement after this coming week.
Here's the Analysis of #GAS :
#GAS strongly lower low within the falling wedge pattern and lying on the major support zone of $3.52 - $3.75. Price should making a reaction but need to wait for a breakout. A clean break and close below will lead the further dump in price.
#LDO sitting on the supporting trendline and getting strongly rejected. Price formed a Bull Flag pattern, which is a bullish continuation pattern. Eye on breakout with a retest to go.
Читать полностью…Here's the Analysis of #ORDI :
#ORDI is been steeping lower within the downtrend channel pattern. Price needs to breakout of the channel to get a bias but there's multiple issues to move in price. Need to break of the resistance area of $51.00 to get into any buys.
Runes-related transactions have now largely displaced BRC-20 tokens, as well as Ordinals and Inscriptions, commanding an impressive 57.2% of daily transactions. This indicates that collector speculation has likely shifted from Inscriptions to the Runes market.
Runes Trend will coming again ?
#BTC again gave the structure break to the downside and hodling nearby its previous structural support area. Still, sign in bearishness and nothing is clear, so wait for the further price action to develop.
Читать полностью…Here's the Analysis of #LDO :
#LDO nearly its rejection from major support zone and moving in between of the key levels. Price going bullish with the market conditions, and on a retest. A new push is expected from here towards the Major resistance area around $2.62 - $2.69.
🚨
LayerZero (ZRO) Listing Will Be Postponed
https://www.binance.com/en/support/announcement/86d3d85e975b4eba802ed65951d69dbdLayerZero
The inscriptions sector has grown since early 2023, we can see how the cumulative total inscription count has expanded. The number of inscriptions has reached 71M at the time of writing, however, since mid-April this year, the popularity of the protocol has declined markedly.
Читать полностью…#BTC trying to turn the market structure and broken internally, Still, its below the inside the zone moving internally. Hopefully this could lead to a reversal and broke structure too.
Читать полностью…The decline in Bitcoin address activity seems to be primarily caused by a reduction in the usage of Inscriptions and Ordinals. It's worth noting that many wallets and protocols in this sector reuse addresses, which are not counted multiple times if an address is active more than once in a day. So, if a single address generates ten transactions in a day, it would be counted as one active address, but with ten transactions.
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