LBANK INFO CRYPTOCURRENCY

After bitcoin broke above the $45k resistance level reaching the $48k mark, it has retested the $45k level. Some analysts still expect a rise to above $50k, others have abandoned their bullish approach. Meanwhile, leading CEOs from Pantera Capital and Skybridge Capital remain positive that the coin will reach the $100k mark in a period of one to two years. Bitcoin trading at $45,754 in the daily chart | BTCUSD on TradingView.com Pantera Capital CEO Is ‘Wildly Bullish’ In an interview with Yahoo Finance, the CEO of Pantera Capital Dan Morehead commented on Bitcoin’s price action so far in the year. Morehead noted that within the history of Bitcoin cycles, it’s had six previous bear markets that average about 60%, and 2022’s has been 50%. In his opinion, the bitcoin cycles will begin to moderate thanks to large institutional engagement, and “a 50% bear market is probably all you’re going to get going forward.” “I think we’re either at the lows or very close to it.” Morehead said he i...

Bitcoin mining difficulty has been on the rise as the network has gained more popularity. This is a far cry from what was expected after China, which was known as the mining capital of the world at that point, had laid a blanket ban on crypto mining. Bitcoin miners had been able to successfully set up in other regions of the world and mining activities have ramped up since then. This time around, it comes along with the growth of blocks mined per hour which has smashed all expectations. Not only has the mining difficulty been affected by this but its effects are being felt all around the mining industry. Bitcoin Mining Difficulty At New ATH? Block production rates have risen higher than anticipated to beat the previous target of 6 blocks mined per hour. This number now stands at 6.2 blocks mined in an hour. This increase in block production has led to an increase in mining difficulty which has pushed it towards new all-time highs. Going forward, there is expected to be a 4-5% difficu...

The Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. “In this time of heightened market volatility, our priorities are tailored to focus on emerging issues, such as crypto assets,” said an official with the SEC Division of Examinations. Crypto Assets Among SEC Examination Priorities The Securities and Exchange Commission’s Division of Examinations published its annual examination priorities Wednesday. Crypto is among the top priorities highlighted in the report this year. The Division of Examinations conducts the SEC’s National Exam Program, its website details, adding that its “mission is to protect investors, ensure market integrity and support responsible capital formation through risk-focused strategies.” SEC Chairman Gary Gensler explained that the examination priorities identify key risk areas that the SEC expects registrants — including investment advisers, broker-dealers, self-regulatory organi...

Two crypto scam-related lawsuits stack up on top of Meta’s (Facebook’s new name) large pile. The allegations and the company’s reactions serve well to form an opinion about a possibly disastrous metaverse of our future.   What We Now About Facebook’s Metaverse The metaverse aims to be a future virtual reality, a merger of social media and AR technology that would allow people to ‘connect’ through an alternate digital world. The original concept is not Meta’s, but the rebranding of the company’s name and the large amount of investment put into building it has them in the leading position. The ideas and tech are still under development, but it promises such great revenue that many other large companies are eager to take a big piece of the pie. “Metaverse isn’t a thing a company builds. It’s the next chapter of the internet overall, ” Zuckerberg claimed once. “Our goal is to help build the fundamental tech to bring the metaverse to life.” But again, the fact that they renamed th...

Billionaire Mike Novogratz says he is much more optimistic about the crypto market now than he was a month ago. He explained that bond sell-offs and increased crypto adoption have boosted the prices of cryptocurrencies, particularly bitcoin. “I think you are going to see the Democrats taking a softer stance,” he added. Mike Novogratz Expects Lawmakers to Take a Softer Stance on Crypto Galaxy Digital CEO Mike Novogratz talked about why he is more optimistic about the crypto market now than he was six or seven weeks ago in an interview with CNBC Tuesday. The executive explained: Maybe what I got wrong was with all this selling in fixed income that money has got to go somewhere. The billionaire predicted earlier this month when BTC was struggling to break the $40,000 level that bitcoin’s price would range between $30,000 and $50,000 throughout the year. At the time of writing, bitcoin is trading at $47,327 based on data from Bitcoin.com Markets. Novogratz continued, “We certainly...

Terra (LUNA) has secured an all-time high at $109 amidst its newest developments. Market sentiments also continue to remain positive in the past 24 hours, with Bitcoin trading close to $48k. LUNA happens to be one of Terra’s native tokens, Terra network helps create customised blockchains and decentralised applications on its network. Recently, Luna Foundation Group (LFG), a Singapore based non-profit organisation has purchased $3 Billion worth of Bitcoin which would act as an additional layer of security to Terra’s decentralised stablecoin, UST. Over the past week itself, Terra (LUNA) secured a hike of 12%, and over the last 24 hours, the coin broke past its resistance mark of $108. Terra Price Analysis: Four Hour Chart Terra (LUNA) is priced at $108. Image Source: LUNA/USD on TradingView Terra (LUNA) was exchanging hands at $108.47 after securing an all-time high at $109 just 24 hours back. Immediate resistance for the coin stood at $110 and then at $112, respectively. In case of a...

Bitcoin perpetual traders seem to be the only ones unmoved by the digital asset’s recent breakout. BTC which has had a tremendous rally during the first half of the week had been able to break out of the slump of the low $40,000s and moved on an upward trajectory above $47,500. However, perp traders have not reacted much to it given the state of the funding rates. Funding Rates Remain Flat The bitcoin perpetual traders are not reacting to the recent upside as expected. This is evidenced in the fact that the perp basis is still sitting at or even below neutral funding rates, marking the 115th consecutive day that this has remained the case. This speaks volumes to how perp traders are viewing the market. Regardless of the bitcoin price increase, they have not increased their activity in any significant way. BTC funding rates remain neutral amid price growth | Source: Arcane Research It could easily mean that perp traders are not convinced by the recent price movement. As with the previ...

Based on this answer from 2014, bitcoin nodes are vulnerable to BGP hijacking. There was an incident today in which twitter prefix was hijacked and details are shared in 2 blog posts: https://isc.sans.edu/diary/rss/28488 https://www.manrs.org/2022/03/lesson-learned-twitter-shored-up-its-routing-security/ nusenu had written an article about Tor network being vulnerable to BGP hijacking attacks: https://nusenu.medium.com/how-vulnerable-is-the-tor-network-to-bgp-hijacking-attacks-56d3b2ebfd92 After doing some research I found that RPKI ROA and BGP prefix length can help against BGP hijacking attacks. I checked BGP prefix length and RPKI ROA for first 10 ip addresses returned in getnodeaddresses and it had vulnerable results. Has any bitcoin developer written a detailed blog post or research article like nusenu? from Recent Questions - Bitcoin Stack Exchange https://ift.tt/cpzo3Ce via IFTTT

The Small Cap altcoins index has been outperforming the larger coins’.  As NewsBTC has been reporting, smaller caps have been looking like the best investment in the past months. Now that the larger Caps found relief recording gains once more during March, the Smaller Cap is still crushing the numbers. Total crypto market cap at $2,1 trillion in the daily chart | Source: TradingView.com Small Caps Outperforming According to data from the latest Weekly Report from Arcane Research, the whole crypto market has seen relief during March. However, even with recent gains, the Small Cap Index still has completely outperformed the other indexes. As seen in the chart below, Bitcoin, the Large Cap, and Mid Cap indexes have all seen relevant gains during March in the 8-11% increase range. But compared to the Small Cap Index, the larger indexes are lagging behind its massive 40% gains. Source: Arcane Research The massive gains have a few lead characters. Primarily, the Waves token is ou...

Ethereum holders have been filling up their bags while the broader market had panicked through the dip it seems. The digital asset which had suffered from crashes and dips that had hit the market had seen its value fall as low as $2,500. However, these ‘diamond hands’ holders had remained unfazed given that data showed that they continued to accumulate ETH tokens all through the market dip. Ethereum Holders Load Up Ethereum holders, especially those who have held for longer, are more likely to add coins to their holdings while the market is in a downtrend. This was the case during the last downtrend given that these holders had continuously added to their bags this time around. In the more than three months that Ethereum saw its value continue to decline, these investors just continued to purchase ETH. Related Reading | Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence Data from IntoTheBlock showed that long-term holders of the digital asset had purcha...

Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains. from Cointelegraph.com News https://ift.tt/a4z9jPx via IFTTT

Ethereum has now cemented its position above the hard-won $3,000 level. This signals another bull rally for the digital asset given how the market has responded to its recent surge. More money is coming into the digital asset daily as investors clamor to take part in the gains. This is evidenced by the exchange inflows and outflows, which show a clear buy and accumulate trend on the part of these investors. Ethereum Outflows Grow For the past week, Ethereum, like its counterpart Bitcoin, has been on an outflow trend. This trend saw more of the digital asset leaving exchanges than have been coming in. Glassnode Alerts makes daily reports of exchange inflows and outflows, showing that Ethereum investors are choosing to remove their coins off exchanges, presumably to safer, personal wallets. Related Reading | Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining In the one-week time frame, daily exchange outflows had consistently been above that of inflow...

On March 28, the Crypto Fear and Greed Index has jumped back to the “greed” position for the first time in four months. The last time the index reached the current position was when bitcoin reached a high of $69K per unit last year on November 10. Crypto Index Dedicated to Emotions and Sentiments Reaches ‘Greed’ for the First Time in Months The crypto economy has surged in value during the last day jumping 5.4% in value to $2.26 trillion. The price of bitcoin (BTC) reached a high of $48,234 at roughly 3:00 p.m. (ET) on Monday afternoon. Ethereum (ETH) tapped a high of $3,431 per unit roughly around the same time frame as BTC ’s daily high. Presently, bitcoin (BTC) has a dominance of around 40.3% of the $2.26 trillion, while ethereum (ETH) commands 18.1%. For the first time since November 16, 2021, and the week that preceded that date, the Crypto Fear and Greed Index has once again reached the “greed” position. On a daily basis, the index analyzes the “emotions and sentiment...

Bitcoin started a fresh increase above the $45,000 resistance against the US Dollar. BTC even broke $47,000 and is showing positive signs. Bitcoin started a fresh increase after it broke the $45,000 resistance zone. The price is trading above $45,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $45,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might even clear the $48,000 resistance zone. Bitcoin Price Rallies 5% Bitcoin price formed a support base above the $43,500 level. BTC started a fresh increase and was able to clear the key $45,000 resistance zone. It opened the doors for more upsides above the $46,500 level. The price even jumped above the $47,000 level and settled above the 100 hourly simple moving average. A high was formed near $47,561 and the price is now consolidating gains. Bitcoin tested the 23.6% Fib retracement level of the recent rally from th...

Israel’s second-largest bank, Leumi, is launching a cryptocurrency trading service to allow customers of its digital investment platform to trade cryptocurrencies. “The service will allow Pepper Invest customers to buy, hold, and sell cryptocurrencies.” Major Israeli Bank Launching Crypto Trading Service Pepper Invest, the digital investment platform of Pepper by Leumi (TASE: LUMI), announced Friday the upcoming launch of its cryptocurrency trading service. “Pepper will be the first banking platform in Israel … to allow its customers to trade cryptocurrencies, in an attractive pricing model,” the announcement details, adding that the service will also become accessible to other Bank Leumi customers in the near future. The new service is a collaboration between Leumi Group and Paxos, a regulated U.S. blockchain infrastructure platform. The announcement adds that upon completion of the regulatory approvals required: The service will allow Pepper Invest customers to buy, hold and s...

NFTs showcased another week of ‘high highs’ and ‘low lows’ this week, with the U.S. Justice Department clearly paying attention, and some high-flying NFT series sales. All-in-all, it was a week of activity a bit on the quieter side – but there was still plenty to note in the NFT space from this past week. Let’s review these stories and more from the past seven days of NFT activity. This Week’s Non-Fungible Token News XCOPY NFTs Generate Nearly $25M In Sales In Short Time Pseudonymous NFT artist XCOPY has splashed onto the scene in a major way this week, tearing up the headlines with a new NFT collection that sold over $20M worth of NFTs in less than ten minutes . XCOPY unleashed open edition mints as well as dedicated auctions, all on NFT platform Nifty Gateway. Six limited edition pieces, along with open edition ‘MAX PAIN’ were the featured drops. The ‘MAX PAIN’ piece now has over 5,000 unique owners. XCOPY’s most recent splashing release prior to this weeks was December 2021’s “...

Goldman Sachs’s home page now reads, “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies”. The investment bank has featured information on cryptocurrencies and metaverses, which is quite the change in the narrative given how Wall Street was not exactly well disposed towards cryptocurrencies in the past. The “Digitization” page leads to the “Insights” section which now contains information about Web 3.0, along with metaverses. A caveat? Yes.  This move, in particular, raised eyebrows among netizens. Investment banks such as Goldman Sachs have always remained quite wary of cryptocurrencies as they have believed that these digital currencies are pretty susceptible to wild volatility, hacks, and even illegal activities. So, Is Goldman Sachs Warming Up To Crypto? Goldman Sachs has come a long way from its initial judgement about Bitcoin. The bank had previously refused to consider Bitcoin as an asset class. Over the last year, Goldman Sachs...

Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges. Meta’s Trademark Filings Cover a Range of Crypto Services and the Metaverse Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo covering a range of crypto-related products and services. A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320147, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading. Kondoudis described Meta’s applications as a blueprint for how the company intends to engage...

The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Blackrock on the Acceleration of Digital Currencies Blackrock CEO Larry Fink published his 2022 letter to shareholders Thursday with a section on digital currencies. Blackrock is the world’s largest asset manager, overseeing more than $10 trillion. “The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink wrote. After extensively discussing the impact of the war, the CEO noted: A less-discussed aspect of the war is its potential impact on accelerating digital currencies. The war will prompt countries to re-evaluate their currency dependencies. Several renowned investors have predicted that the Russia-Ukraine war c...

The gaming company behind the smash hit PUBG Series will launch an “assault” into the NFT battlegrounds. The world’s leading video game publishers are experimenting with Web3 gaming, utilizing NFT assets and cryptocurrency-based ecosystems in the process. A well-known gaming company with a tremendously successful brand is developing blockchain-based games — specifically, on Solana. Krafton, the creator of PUBG: Battlegrounds (originally PlayerUnknown’s Battlegrounds), announced a collaboration with blockchain technology platform Solana Labs on Wednesday to support the development and promotion of blockchain-based games and services. The South Korean game publisher Krafton, Inc. has been granted official rights to develop blockchain games on Solana networks as part of the agreement. Related Article | Argentines Flock To Play-To-Earn Crypto Games For Extra Income PUBG To Have Metaverse Vibe These games are expected to have a metaverse-like aura, as they will incorporate intera...

Crypto.com is back yet again with another push into the world of sports. FIFA has announced that the platform has been officially chosen as the sponsorer of this year’s World Cup. This announcement was made through a press release on March 22. The compensation remains undisclosed as of now. This sponsorship agreement will most definitely provide Crypto.com with a massive boost to its brand presence. Other Details Of The Sponsorship Agreement This year’s World Cup is supposed to be held in Qatar and will commence on November 21 at the Al Bayt Stadium in Al Khor. This is marked as one of the biggest partnerships that the exchange platform has secured in regards to the world of sports, as the FIFA World Cup is watched by almost 3.5 billion people. The press release mentions that Crypto.com shall, “will be the exclusive cryptocurrency trading platform sponsor of Qatar 2022 and will benefit from significant branding exposure both within and outside the tournament’s stadiums.” The ag...

I would like to ask how can I import 12-word into Hashpack, I have installed Hashpack wallet on Macbook Air but it only provides options with "import 24-word" and "import Private Key". Please share some suggestion, many thanks from Recent Questions - Bitcoin Stack Exchange https://ift.tt/o02zxXc via IFTTT

Does anyone have information on the potential of Bitcoin dividends/stake rewards for holding an altcoin? It is possible to create an altcoin in which its smart contract pays the holder a certain amount of bitcoin for holding the coin(s) from the contract creator's bitcoin address? Sorry for not being clear. I'm not sure this has ever been done but I would love to make it happen for fun. Best, Matt from Recent Questions - Bitcoin Stack Exchange https://ift.tt/cKiAZv4 via IFTTT

India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday in Lok Sabha, the lower house of parliament, regarding how cryptocurrency transactions will be taxed going forward. Minister Pankaj Chaudhary, the minister of state in the ministry of finance, explained that The Financial Bill 2022 has proposed to insert section 115BBH to the Income Tax Act 1961 to provide for the taxation of income from transfers of virtual digital assets (VDAs). He stated: As per the proposed section, any income from transfer of VDA shall be taxed at the rate of 30%. “Further, while computing the income from transfer of VDA, no deduction in respect of any expenditure (other than cost of acquisition) or al...

We’re back with a new week of Nightly Mint material, as Hollywood stars make headlines for all the right (and wrong) reasons. Sylvester Stallone is taking his film career to non-fungible tokens, and Floyd Mayweather is back at it again. All in a Monday’s worth of NFT action. Let’s dive into today’s action. The Nightly Mint Latest Mint: Sylvester Stallone According to a report first released by Deadline , Stallone is minting 9,997 generative NFTs, titled ‘SLYGuys,’ as part of a ‘PlanetSLY Collection.’ Additionally, the most premium tier of the NFTs will offer dinner with the Hollywood legend, as well as virtual movie screenings, exclusive events, and more. The NFTs will be minted on Ethereum and are expected to release within the next month. Related Reading | Poloniex To Partner With Fantom Foundation Like much of the market, Ethereum (ETH) is trending upwards recently; the blockchain continues to be many project's 'blockchain of choice' in the NFT landscape - as exh...

We’re back with a new week of Nightly Mint material, as Hollywood stars make headlines for all the right (and wrong) reasons. Sylvester Stallone is taking his film career to non-fungible tokens, and Floyd Mayweather is back at it again. All in a Monday’s worth of NFT action. Let’s dive into today’s action. The Nightly Mint Latest Mint: Sylvester Stallone According to a report first released by Deadline, Stallone is minting 9,997 generative NFTs, titled ‘SLYGuys,’ as part of a ‘PlanetSLY Collection.’ Additionally, the most premium tier of the NFTs will offer dinner with the Hollywood legend, as well as virtual movie screenings, exclusive events, and more. The NFTs will be minted on Ethereum and are expected to release within the next month. Related Reading | Cardano Completes Network Upgrade, ADA Reacts To The Upside Like much of the market, Ethereum (ETH) is trending upwards recently; the blockchain continues to be many project's 'blockchain of choice' in the NFT lands...

The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a rising cost of living,” he stressed. Fed’s Bullard Pushes for More Aggressive Rate Hikes to Better Manage Economic Situation St. Louis Federal Reserve Bank President James Bullard issued a statement Friday regarding his dissenting vote at last week’s Federal Open Market Committee (FOMC) meeting. At the meeting, the FOMC decided to “raise the target range for the federal funds rate by 25 basis points to 0.25% – 0.50%,” Bullard explained, adding: In my view, raising the target range to 0.50% – 0.75% and implementing a plan for reducing the size of the Fed’s balance sheet would have been more appropriate actions. Bullard is an economist who has been the pres...