Will Bitcoin hit $100 000? - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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Even though the concept of artificial intelligence dates back nearly a century, Generative AI has rapidly progressed in a short amount of time. OpenAI’s ChatGPT launched to the public in November of last year and is already the standard for AI chatbot development. Generative AI refers to AI tools that respond to user prompts and can create text, images, and videos based on those prompts. Cumberland and Alameda, both firms that profit from the spreads between bid and ask prices, received billions in Tether to improve liquidity for traders. Alameda supplied crucial liquidity for FTX customers until both companies filed for bankruptcy in 2022. Will Bitcoin hit $100 000?Two of the pilot participants, Standard Chartered and Fubon Bank, started researching the use cases of CBDC. Fubon Bank unveiled its plans to work with Ripple (XRP) in a real estate tokenization pilot. The book, "Going Infinite: The Rise and Fall of a New Tycoon," also revealed that met with the prime minister of the Bahamas to discuss paying off the country's entire roughly $10 billion national debt. SBF ran the operations of FTX.com from the headquarters in the Bahamas with his so-called "inner circle."

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The collapse of TerraUSD is a key contributor to the 35% decline in the overall market cap of stablecoins. After reaching a peak of $189 billion in May 2022, the market cap currently rests at approximately $124 billion. Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Jobs data “not what Fed wanted to see”Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in a single hourly candle.A subsequent rebound saw bulls recover those losses, with $27,700 — the area of interest from before the data release — now back in focus.The volatility came thanks to U.S. non-farm payrolls (NFP) jumping to almost double the number expected for September — 336,000 versus 170,000.Demonstrating the labor market’s ongoing resilience to the Federal Reserve’s counterinflation measures in the form of interest rate hikes, the implications of the September result were nonetheless viewed as bad for risk assets — including crypto. “Good news is bad news since the FED wants the labor market to lose strength,” popular trader CrypNuevo wrote in part of a response on X (formerly Twitter).“Given this increase, it surprises me that the unemployment rate stayed the same (3.8%). So I believe that the data will be revised down and it’ll be much lower.” Like others, CrypNuevo nonetheless eyed the increasing likelihood of another rate hike from the Fed at the November meeting of the Federal Open Market Committee.“The market understands this data as a new threat for a potential new 25bsp hike in November 1st (25% probabilities given yesterday vs 31.3% probabilities today),” he continued, referencing data from CME Group’s FedWatch Tool.“We have CPI on Thursday next week and that’ll hopefully give us a clearer view.” Fed target rate probabilities chart. Source: CME GroupCPI, or the Consumer Price Index, forms one of the key inflation indicators for Fed policy.Continuing, financial commentary resource The Kobeissi Letter suggested that pressure was now on both markets and the Fed itself.“Furthermore, the Fed pause was previously expected until June 2024, now a pause is expected until July 2024,” it reported on market projections for rate tweaks. “Market futures just fell 400+ points after the report. This is NOT what the Fed wanted to see.”Bitcoin open interest drainsLooking at Bitcoin’s specific reaction, popular trader Skew showed spot and derivatives traders exiting on the NFP print.Related: Bitcoin still beating US dollar versus ‘eggflation’ — Fed dataSpot sold & perps puked after the jump in NFP shorts chasing a bit more hereLikely PvP for rest of the morning https://t.co/7faaQLfur5— Skew Δ (@52kskew) October 6, 2023 Buy bitcoin with Amazon gift cardproposed incentive structures for the broader network participants–creating disparities in some aspects. Since each mining company has vastly different strategies, these trade-offs and nuances are company specific. To illustrate this point, consider a scenario in which a miner opts for a pool that adheres to SOC 1 and SOC 2 compliance standards, even if it charges higher fees, rather than choosing a pool with lower fees and no compliance standards. In this case, miners are electively making a business decision that aligns with their mandate and goals–something that a miner with a different mandate and goal can disregard. This is one example of an individual business decision that is company specific. Rise of Ethereum staking came at cost of higher centralization — JPMorgan

Source / CryptoNews.comCrypto markets are yet again undertaking another game-changing innovation: Bitcoin Minetrix's stake-to-mine system.As the crypto community enthusiastically anticipates the full potential of this new project, let's dive deep into the intricacies of the Bitcoin Minetrix and its ongoing presale.Stake-to-Mine: Unveiling a New HorizonAt the core of Bitcoin Minetrix lies its unique stake-to-mine mechanism - it offers an enticing 1224% Staking APY and invites users to simply hold $BTCMTX to embark on this journey.As the presale gallops past the $500,000 mark, securing these tokens now promises not just affordability but also the gateway to this new era of crypto incentivization.Once onboard, users can lock in their tokens, depending on their preference, on the platform's staking dashboard.Over time, the rewards start flowing - initially, you earn more of $BTCMTX as staking rewards, which can be traded or held for long-term appreciation.But, the real game-changer arises with the future introduction of non-transferable cloud mining credits that can be burnt to reap BTC mining rewards.This non-transferability serves as a robust deterrent against potential thefts and hacks.Deciphering Bitcoin Minetrix's Distinctive EdgeIn a market saturated with cloud mining platforms, Bitcoin Minetrix carves its own niche by offering completely passive income.Unlike traditional platforms demanding investments in hardware or intricate mining contracts, Bitcoin Minetrix simplifies the process.There's no need for initial capital, hardware intricacies, or specialized mining knowledge.Instead, Bitcoin Minetrix leverages the prowess of established mining entities and democratizes the arena, welcoming retail investors.Furthermore, the project is positioned as the first tokenized Bitcoin cloud mining operation - it's not often that a crypto initiative arrives with such a potent business model.By merely buying and staking their token, users can effortlessly initiate the automated system to accrue credits, ready for cloud-based Bitcoin mining.Safety, Security, and DecentralizationSource / Bitcoin MinetrixBitcoin Minetrix (BTCMTX) operates as an ERC-20 token on the Ethereum blockchain, ensuring robust security and reliability.This eliminates the concerns associated with joining external mining pools or subscribing to cloud mining services riddled with potential fraud risks.Another critical aspect where Bitcoin Minetrix shines is its commitment to decentralization.Centralization often poses security risks and potentially undermines the core ethos of blockchain.Bitcoin Minetrix disrupts this by redistributing mining profits from major corporations to retail investors via its novel Stake-to-Mine system.Stepping into the Bitcoin Halving Bull RunSource / TechopediaBitcoin Minetrix is also poised perfectly to capitalize on the upcoming Bitcoin halving - every four years, a halving event slices the block rewards in half.On the surface, this may seem like a setback for miners, but the reduced influx of coins often catapults their value.Bitcoin Minetrix offers a vantage point for investors to tap into this anticipated surge without the associated capital risks.Get Involved Now: The BTCMTX PresaleAt the crux of this revolution is the BTCMTX presale - currently, an impressive $810,407.38 has been raised out of the $3,080,000 target, with each BTCMTX priced at a mere $0.011.This presale is not just an investment opportunity; it's a ticket to the forefront of the stake-to-mine evolution.Bitcoin Minetrix is still in its first phase, with further developments, launches, and expansions on the horizon.For those eager to join, multiple payment methods including ETH, USDT, BNB, and bank cards are accepted.And if you're an ETH investor, the staking-to-earn journey can commence immediately.Overall, Bitcoin Minetrix is not just another token in the market; it's a harbinger of a new crypto paradigm.With its innovative approach, security measures, and the massive potential of the stake-to-mine mechanism, it offers a golden opportunity for early investors.Join the BTCMTX presale and be a part of this transformative journey.Buy BTCMTX HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.10 Best Crypto Wallets for UK Traders - Compare Bitcoin Wallets It's very easy in the crypto space to think that everything should happen in five minutes. Because quite a lot does happen very quickly. You have a lot of very talented, very dedicated teams who throw all their resources and intellectual capacity at problems and solve them. But we've got to remember that we are now talking about the traditional financial sector, and it does not move at that speed. LBank Exchange Will List Kainos (KAI) on June 30, 2023“We wanted to produce a front end that projects can take for themselves, configure, and run on their own,” Mosites said. “So they have their own decentralized NFT marketplace for their collections that their communities can rally around.” In an interview with Blockster, COZ CEO Tyler Adams said, “Through this fusion of blockchain and art, we are showcasing Denver as an inclusive haven for those pushing the boundaries of digital expression, firmly positioning the city as a leader in digital innovation.”

@Microsoft Since yesterday I hate Microsoft for not allowing play to earn on the minecraft server satlantis. This was the first time small money making was fun in a way that wasn't exploitative.I love the very helpful satlantis community. The best ones out there! @PlaySatlantis A recent report by Wired revealed that during last year’s FTX hack, FTX advisor Kumanan Ramanathan played a pivotal role in protecting $400 to $500 million worth of FTX assets. The hack resulted in FTX reporting losses exceeding $400 million, and the hacker’s identity remains undisclosed, though there is speculation it may be a former employee. Decentralized and Centralized Exchanges:Who Will Win the Race?DOT Disappoints and Dumps Again Risk of Cloud Mining

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