Kategorie: Allgemein

• U.S Treasury Secretary Janet Yellen ruled out a government bailout for the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday.
• Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts.
• She also noted that the American banking system is safe and well-capitalized, and they are working to resolve the situation regarding deposits from startup firms and venture capital firms.

Government Not Considering a Bailout for SVB

U.S. Treasury Secretary Janet Yellen stated in an interview on CBS News, aired Sunday, that the government is not considering a bailout for the collapsed Silicon Valley Bank (SVB). The bank was shut down by regulators on Friday and put into receivership by the Federal Deposit Insurance Corporation (FDIC).

Reforms Put in Place After 2008 Financial Crisis

Yellen explained that in the aftermath of the 2008 financial crisis, „unique controls“ were put in place to enhance capital and liquidity supervision, and they were tested during the early days of the Covid-19 pandemic. The system „proved its resilience so Americans can have confidence in the safety and soundness of our banking system,“ she claimed. Responding to a question about whether she has „ruled out“ a government bailout of Silicon Valley Bank, Yellen detailed: Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we’re certainly not looking. And the reforms that have been put in place means that we’re not going to do that again.

Resolving Situation Regarding Deposits from Startups & Ventures

Yellen acknowledged that the government is „well aware that many startup firms have deposits and venture capital firms have deposits at this bank that have been affected by its failure,“ emphasizing that „this is something we’re working to try to resolve.“ Following the collapse of Silicon V she could not provide further details on SVB situation but assured Americans with her statement: “The American banking system is really safe and well-capitalized” claiming “It’s resilient.“

America’s Economy Relying On Safe & Sound Banking System

Yellen was asked whether U.S government needs to „intervene and take emergency measures because of SVB failure.“ The treasury secretary replied: “America’s economy relies on a safe and sound banking system

• Tax authorities in Israel are investigating two NFT creators who failed to report $2.2 million in revenue from their digital works.
• The tokens they offered were based on a 3D scan of the stones of the Western Wall.
• A graphic designer from Tel Aviv was recently arrested for similar offenses, failing to report 3 million shekels from his sales on the NFT marketplace Opensea.

NFT Creators Investigated in Israel for Alleged Tax Evasion

Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses.

Thousands of ‚Western Wall NFTs‘ Allegedly Sold Without Tax Reporting

Israel Tax Authority is investigating two NFT creators in Jerusalem who did not report millions of U.S. dollars in revenue received from the sale of their digital works. The tokens they offered were based on a 3D scan of the stones of the Western Wall. The suspects, Avraham Cohen and Antony Polak, own the Holyrocknft.com website through which they sold their NFTs, the Jerusalem Post reported on Sunday. The platform claims to „combine the business world and technological progress with Jewish faith and spirit.“

Allegations & Arrests

Investigators were able to establish that since 2021 the two Israelis sold 1,700 digital works for 620 ETH. At rates at the time of transactions, the total was worth around 8 million shekels (or close to $2

• The report from TRM Labs shows that despite Western sanctions and efforts to shut them down, Russian marketplaces on the dark web have continued to operate.
• Ransomware actors and high-risk crypto exchanges have also remained active, with Garantex even doubling its trading volumes in 2022.
• New Russian DNMs have filled the gap left by the dismantling of Hydra, with sales surpassing those in the first four months of the year. Conti has also rebranded as several smaller groups and is still operating.

Russian Darknet Markets Thrive Despite Sanctions

A report from blockchain intelligence firm TRM Labs has revealed that Russian marketplaces on the dark web are continuing to operate despite Western sanctions and efforts to shut them down. Ransomware actors and high-risk crypto exchanges have also remained active, with Garantex even doubling its trading volumes in 2022.

Ukraine War Disruptions Lead to Adaptations

Before Russia invaded Ukraine a year ago, cryptocurrency exchanges linked to the two countries accounted for over half of the international volumes of illicit crypto funds. Cybercrime organizations were full of Russian-speaking members and Russian-language darknet markets (DNMs) dominated the global drugs trade in cryptocurrency. In response to disruptions caused by this conflict, which TRM Labs calls “the world’s first crypto war”, changes have been seen in this illicit crypto ecosystem as cybercriminals adjust accordingly.

Western Authorities Take Action Against Crypto Platforms

In April, German authorities seized servers from Hydra – previously one of the largest darknet markets – whilst U.S Treasury Department imposed sanctions on Hydra and Garantex – a Russia-based crypto exchange accused of processing $100 million of illicit transactions which included $6 million from ransomware group Conti and around $2.6 million from Hydra itself.

New Platforms Fill Gap Left by Dismantling of Hydra

Despite this crackdown however, both Garantex and Conti are still operating; Garantex more than doubling its trading volumes over 2022 whilst Conti simply rebranded as several smaller groups. Newly founded Russian DNMs have also filled any gaps left by Hydra’s demise with sales between May 2022 – Dec 2022 surpassing those in Jan-April 2022 alone.

Conclusion: Sanctions Have Failed To Stop Cybercriminals

Overall then it appears that these sanctions imposed by Western governments against Russia-linked DNMs, ransomware syndicates and crypto exchanges have failed to stop cybercriminals who continue to thrive despite these measures being taken against them.

• Ordinal inscriptions on the Bitcoin blockchain have seen a surge in popularity, with over 150,000 inscriptions across various collections.
• Creators are monetizing artworks via blockchain technology and launching collections such as Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary Ordinals, Based Apes, Satoshi Punks and more.
• These collections are being sold for significant value and trade of NFTs is becoming more common.

Monetizing Artwork on Bitcoin Blockchain

The use of blockchain technology has now made it possible to monetize artwork thanks to Ordinal inscription collections on the Bitcoin blockchain. With more than 150,000 inscriptions spread across multiple collections like Ordinal Punks,Ordinal Penguins and Bitcoin Shrooms, these tokens can be sold for significant value with trades between them becoming increasingly more common.

Establishing “Blue-Chip” Digital Collectibles

Blockchain networks such as Ethereum are already popular for their digital collectibles like Cryptopunk 4155 or Bored Ape Yacht Club (BAYC). These NFTs have become known as „blue-chip“ NFTs as they have maintained high values since their launch and continue to sell well on open markets today. The new trend of Ordinal inscriptions is similar in nature but differs due to its limited supply compared to these other collectibles. For instance the collection features only 100 pixelated punk characters – much lower than the 10,000 available Cryptopunks.

Other Popular Collections On The Rise

The trend doesn’t stop there; other collections such as Punks on Bitcoin and Satoshi Punks are also popular amongst collectors looking for pixelated punk characters while Rare Pepe NFT collection made with Counterparty has given rise to newer Pepe based collections such as Inscribed Pepes and Immortal Pepes. Other notable collections include Ordinal Rocks, Block Munchers ,Bitcoin Toadz XC Pinata ,Ordinal Eggs ,PlanetaryOrdinals ,Ordinal Smokes & Based Apes .

Confirmed Trade Value Highlighted On Social Media

Trades between these different NFTs are becoming increasingly common with users highlighting notable trades across social media platforms including Twitter where an example of a successful exchange was highlighted – an exchange of Cryptopunk #4155 for an Ordinal Punk 16 token. This further highlights the increasing value that these digital assets hold amongst collectors who look forward to establishing themselves in this emerging market .

Conclusion

With millions of dollars invested into collecting digital artworks via tokenization over the past few years , we can expect even greater demand for the same in coming years . This will likely result in increased price points & liquidity options which could lead to further mainstream adoption & acceptance of cryptographically secured digital art – ushering in a new era of collecting & artistically expressing yourself !

• Polygon (MATIC) dropped by 10% and hit its lowest level since February 1.
• Cosmos (ATOM) also traded lower to start the week, hitting a 14-day low.
• Volatility was high ahead of Tuesday’s U.S. consumer price index release.

Biggest Movers: MATIC Drops by 10%, ATOM Hits 2-Week Low

Polygon (MATIC)

Polygon (MATIC) dropped by as much as 10% to start the week, as the global cryptocurrency market cap plunged on Monday. Following a high of $1.29 on Sunday, MATIC/USD slipped to an intraday low of $1.16 earlier today. Today’s move saw the token fall to its lowest level since February 1, when MATIC was trading at a bottom of $1.06 .

As can be seen from the chart, Monday’s sell-off occurred as the 14-day relative strength index (RSI) fell below support at 55.00 Currently, the index is tracking at 53.53, which is its weakest reading since January 8, when polygon was valued at $0.79 . Should momentum continue to decline, a floor at 50.00 could be where MATIC bulls find stability, as they begin to prepare for future rallies .

Cosmos (ATOM)

Cosmos (ATOM) was another notable mover on Monday , as it also dropped to a multi-week low . ATOM/USD fell to a floor of $12 .85 earlier in the day , which comes less than 24 hours after trading at $13 .94 . Monday ’s drop in price sees ATOM trade at its weakest point since January 30 , when the token bottomed out at $12 .78 .

Looking at the chart , today’s move comes following two breakouts , firstly above the $13 .00 mark , then secondly breaking below long – term support on RSI The aforementioned point of support has been around 49 .00 zone which got broken earlier today , with RSI now tracking 46 .32 If momentum continues downward over next few days there could be strong likelihood that ATOM will head towards lower support around 12 .50

Volatility Ahead of Tuesday’s U.S CPI Release

Volatility was high ahead of Tuesday’s U.S consumer price index release due to depegging of BUSD and red wave sweeping through crypto markets during session on Monday

Register Your Email for Weekly Updates

Register your email here for weekly updates about prices and analysis sent directly into your inbox : Weekly Technical Analysis Report Sign up

Bitcoin & Ethereum Technical Analysis ETH hits one month low

• Ordinals inscriptions, a kind of Bitcoin-native NFTs, are becoming popular.
• More than 7,000 inscriptions have already been included on the Bitcoin blockchain.
• The protocol was unveiled in January and has spurred controversy over the effects it could have on the size of the Bitcoin blockchain in the future.

Ordinals Inscriptions Becoming Popular

Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present.

Procedures for Issuing Ordinals

The procedures to issue ordinals is far from user-friendly as each user must run a full bitcoin node to make an inscription. Most inscriptions contain images which will be conserved forever as part of the blockchain. This feature has sparked controversy around its potential effects on the size of the bitcoin blockchain.

Taproot Wizards and Other Collections

Taproot Wizards is a recognizable collection being issued featuring an image of a magic internet money meme wizard introduced by Mavensbot back in 2013 and there are six different inscriptions with art derived from this meme. Ordinal Rocks and Ordinal Punks also claim to have 100 inscriptions among the first 650 issued respectively.

Creator’s Response to Controversy

Casey Rodarmord, creator of Ordinals has declared that the idea behind this protocol is to bring fun and interest back into bitcoin again despite its impact on size of blockchain memory usage.

Conclusion

Ordinals’ popularity is increasing amongst certain circles despite its difficult procedures for issuing them onto the blockchain due to their unique ability to store any type of content within them permanently. Despite this increase in popularity however there remains some debate around its potential effect on memory usage within blockchains which will need further examination before it can be fully accepted into mainstream use cases for bitcoin and other digital currencies alike.

• In June 2022, current Twitter owner Elon Musk said he would integrate cryptocurrency payments into the platform.
• A team is now working on the infrastructure for the payment platform, and Twitter is proceeding with regulatory approvals and registrations.
• The payment system will initially handle fiat currencies, with plans to add cryptocurrencies later.

Elon Musk’s vision for a payment system within Twitter is quickly becoming a reality. Seven months ago, the current owner of the social media giant hinted at his intention to integrate cryptocurrency payments into the platform. Now, sources have revealed that a team is actively working on the infrastructure for the payment platform and that Twitter is proceeding with the necessary regulatory approvals and registrations.

The project, which is being spearheaded by Elon’s lieutenant Esther Crawford, is currently in its early stages. According to the sources, Twitter is seeking the necessary financial licenses and registrations from several states. Once these are acquired, the payment system will be able to handle fiat currencies, with plans to add cryptocurrencies later.

The innovation is not completely out of the blue, as Twitter has been working on pilot programs for crypto tipping and NFT features since 2021, when former CEO Jack Dorsey was still at the helm. In April 2022, the company partnered with payments giant Stripe to test out some of these features.

It is expected that Twitter will be able to launch the payment system in the coming months. With the social media giant already having a strong foothold in the world of cryptocurrency, it will be interesting to see how Elon Musk’s vision will shape the future of payments.

• Brazil and Argentina are looking to begin work on the issuance of a common currency.
• Representatives of both countries will be discussing this subject at the CELAC summit in Buenos Aires on Jan. 24.
• The project of a common currency for Latam has been gaining some steam during the last year.

Brazil and Argentina are looking to take a major step in the economic integration of Latin America, with the two countries announcing their intention to begin work on the issuance of a common currency. The announcement comes from Sergio Massa, minister of the economy of Argentina, who stated that the two countries will be inviting other nations in the area to join this economic integration project in the future.

The intention is that the currency, called „sur,“ Spanish for south, will first be studied and designed to be a bilateral endeavor. Representatives of both countries will be discussing this subject at the CELAC summit in Buenos Aires on Jan. 24 and will be discussing the first steps to issue the coin. However, Massa warned that such a project would take time to come to fruition, mentioning the Euro as an example, which was in the making for 35 years before being finally adopted in the European Union.

The project of a common currency for Latam has been gaining some steam during the last year, with President of Brazil Luis Alvaro de Oliveira and President of Argentina Mauricio Macri both expressing support for the idea. Massa has now further clarified the situation, stating that this is “Argentina and Brazil inviting the rest of the region”. He explained that the discussion would revolve around initial considerations for the issuance of the coin, including everything from fiscal issues to the size of the economy and the role of central banks.

It is clear that the project is in its earliest stages and that much more work needs to be done in order to bring it to fruition. However, the two countries have shown their commitment to the project and are hopeful that other nations in the area will also become involved. The project has the potential to bring great economic benefits to Latam, but only time will tell if it can be brought to a successful conclusion.

• Bitcoin (BTC) climbed back above the $21,000 mark on Tuesday following better-than-expected Chinese gross domestic product figures.
• Ethereum (ETH) also rose in today’s session, with prices briefly moving beyond the $1,600 level.
• The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.

On Tuesday, Bitcoin (BTC) prices climbed back above the $21,000 mark as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. As a result of this, BTC/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.

Meanwhile, Ethereum (ETH) prices rose in the same session, with prices briefly moving beyond the $1,600 level. Following a low of $1,529.57 to start the week, ETH/USD surged to an intraday peak of $1,603 in the early hours of this morning. Prices have since slipped, and as of writing, the world’s second largest cryptocurrency is trading at $1,569.75.

Looking at the Bitcoin chart, today’s rebound in price has pushed BTC closer to its long-term resistance level of $21,400. This ceiling has been in place for the past two months, and was marginally broken over the weekend. The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should BTC bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.

Overall, with prices significantly overbought, and with bullish momentum seemingly at its peak, many expect a reversal could be on its way. Currently, the market is still in its early stages of recovery, and it remains to be seen if the current bullish sentiment can be sustained. Investors should be wary of any sudden dips in prices, and should remain vigilant in monitoring both BTC and ETH prices in the coming days.

• Bitget is the first crypto derivatives exchange to launch copy trading in the spot market.
• Copy trading simplifies trading for beginners by allowing them to copy sophisticated futures trading strategies with minimal effort.
• The newly launched Copy Trading feature in the spot market aims to provide a seamless and convenient experience by giving users the option to copy trading strategies and own the cryptocurrency in their wallet.

Bitget, a leading crypto derivatives exchange, is proud to announce the launch of its copy trading feature in the spot market, becoming the first exchange to offer this service.

Copy trading is a great way for beginners to start trading and allows them to shadow the portfolio of a more experienced trader, increasing the chance of profitability. The feature provides users with more transparency and flexibility, displaying detailed information on the traders‘ return on investment, buy and sell times and prices, and portfolio and profit and loss records. There are also personalized maximum investment, stop loss, and take profit options available.

Bitget’s flagship product, One-Click Copy Trade, has been honed to deliver a similarly intuitive experience for spot traders. This product simplifies trading for beginners by allowing them to copy sophisticated futures trading strategies with minimal effort. By December 2022, the One-Click Copy Trade in the futures market had accumulated over 80,000 traders and 338,000 followers.

The new Copy Trading feature in the spot market is intended to provide a seamless and convenient experience for users. It gives them the option to copy trading strategies and own the cryptocurrency in their wallet. Additionally, users can view trader profiles provided by the platform to choose their preferred trader to follow. These profiles include information such as P&L, trader ranking, and portfolio as recorded in the system.

One-Click Copy Trade is a win-win solution as followers’ trades will be automatically executed with the subscribed traders’ orders after subscription, and a profit share percentage will be given to the traders for successful trades.

Bitget is committed to providing the best trading experience for beginners, and the launch of the Copy Trading feature in the spot market is just another example of their dedication to their users.