Kategorie: Allgemein

• The Blockchain Association has sent Freedom of Information Act (FOIA) requests to the Federal Reserve (the Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) to seek information about crypto companies suddenly losing their bank accounts.
• This comes after reports of traditional financial institutions debanking cryptocurrency firms, such as Silvergate, Silicon Valley Bank, and Signature Bank.
• The Blockchain Association believes that this is an effort by regulators to shut out cryptocurrency companies from the banking system.

Crypto Companies Suddenly Losing Bank Accounts

Reports have been increasing that cryptocurrency companies are having their bank accounts closed without notice or explanation, leading to concern in the industry. This follows on from some high-profile shutdowns such as Silvergate, Silicon Valley Bank and Signature Bank.

The Action by The Blockchain Association

The Blockchain Association, a US-based non-profit trade association for blockchain and cryptocurrency industry has now taken action by sending Freedom of Information Act (FOIA) requests to the Federal Reserve (the Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). They are seeking information regarding these sudden closures.

Regulators Take Hostile Actions Against Crypto Industry

The move by The Blockchain Association follows several recent hostile actions from regulators against crypto firms including a joint statement warning of „key risks associated with crypto-assets“ issued on 3 January, followed by a statement from the Fed on 27 January that banks cannot conduct „crypto-asset related activities“. This was then formalized in a final rule published on 7 February despite not following valid rulemaking process. At this time Custodia Banks membership application was denied citing “concerns regarding heightened risks” associated with cryptocurrencies.

Blockchain Associations Request for Information

The request from The Blockchain Association seeks more clarity around why these decisions have been taken and what exactly they mean for crypto businesses moving forward. As well as making this request they are also collecting evidence and stories surrounding these issues so they can be better understood and addressed in future policy making discussions.

Conclusion

The closure of bank accounts held by cryptocurrency companies is concerning given its implications for those involved in this space. The action taken by The Blockchian Assocation is an important step forward in attempting to get answers about why these decisions have been made and what it means for crypto businesses going forward.

Overview of Cardano

• Cardano is a peer-reviewed and highly scalable blockchain platform.
• The native token, ADA coin, has seen a decrease in its value despite the network’s success.
• VOLTAIRE is the final stage of Cardano network to become a self sustaining network.

Cardano Price Prediction 2023 – 2030

Cardano price prediction for 2023 could range from $0.472 to $0.716 for the year, with potential highs of $4 in 2030. The network participants will have access to their stake and voting rights which will influence the future development of the network after VOLTAIRE is completed.

Market Analysis

Price sentiments in 2017 – 2021 have been analyzed to make further predictions about the ADA coin price movement in future years. CoinPedia’s Cardano Price Prediction states that ADA might reach up to $1 by 2025, depending on the market conditions and developments made over time in the crypto space.

Fundamental Analysis

Fundamental analysis can be used to predict how changes within and outside of an asset (in this case, Cardano) can affect it’s price movements over time. This includes factors such as news updates, product releases, partnerships and more which may all have an effect on whether or not investors decide to purchase or sell off their holdings of ADA coin and thus affect its overall market capitalization and price over time.

FAQs

Q: Will ADA coin price rebound in 2023?
A: Yes, it is possible for ADA coin prices to rebound in 2023 depending on various factors such as technological developments, market sentiment and other news updates that may affect investors’ decisions regarding purchasing or selling off their holdings of ADA coin throughout the year.

• The crypto market is dominated by Bitcoin and Ethereum, which are experiencing a drop in liquidity.
• Alameda Research, a sister company to the FTX exchange, has contributed to the crypto liquidity crunch traders face.
• Analysts warn that this thin liquidity could lead to more drastic movements in alternative cryptocurrencies.

Crypto Market Liquidity Dwindling

The Bitcoin (BTC) and Ethereum (ETH) industries have a combined crypto market dominance of approximately 61 percent. Most of the altcoin and stablecoins industries significantly depend on the success of the top two digital assets. As such, market analysts closely monitor the liquidity of these two digital assets to understand how well the industry is performing.

Contributors to Low Liquidity

A significant drop in Bitcoin and Ethereum’s liquidity means crypto whales are bound to struggle to trade large volumes. On the other hand, deep liquidity means cryptocurrency traders can exchange their coins without underlying prices fluctuating significantly. The fall of Alameda Research, a sister crypto firm to the FTX exchange, significantly contributed to this low liquidity situation most traders face.

Assessing Crypto Liquidity Conditions

Notably, the commonly used metric for assessing crypto liquidity conditions is 2 percent of market depth – a collection of buy and sell offers within 2 percent of the mid-price or average bid/ask price. According to aggregate data from Paris-based Kaik, Bitcoin’s 2 percent market depth for Tether USDT pairs aggregated from 15 centralized exchanges has slipped to 6800 BTC – its lowest since May 2022 – surpassing post-FTX low record levels.

Implications for Altcoin Market

Matthew Dibb – chief investment officer at Astronaut Capital – warned that thin liquidity means more drastic moves particularly in alternative cryptocurrencies as fund managers are forced wait longer periods for large trades execution due to slippage associated with low market depths; signifying more volatility ahead for altcoin markets due their lower levels of liquidity compared to Bitcoin & Ethereum markets.

Conclusion

Overall, dwindling crypto liquidty could have significant implications on cryptocurrency traders & fund managers as well as altcoin markets which have lower levels of liquidty compared with BTC & ETH markets; resulting in more drastic moves & greater volatility overall across all asset classes within cryptocurrency industry.

• Bitcoin has broken the $24,600 barrier and is currently trending up by 14%.
• Top analyst Michael van de Poppe predicts some level of retesting before continuing its surge.
• Technical analysis suggests that investors should watch for a possible entry point at $24,250 to establish a long position in Bitcoin.

Bitcoin Price Rally

Bitcoin has experienced an impressive run this week as it broke above the $24,600 barrier and climbed 14% in value. Top analyst Michael van de Poppe believes there will be some level of retesting before the surge continues. Technical analysis indicates that investors may want to keep an eye on the $24,250 mark as a potential entry point for establishing a long position in Bitcoin.

Michael van de Poppe’s Analysis

Michael van de Poppe has released a video discussing his thoughts and predictions on Bitcoin’s current market trends. He maintains that while the bulls are not yet completely in control of the market, it is highly unlikely that the price of Bitcoin will drop below $20,000 anytime soon or even this year. He believes this surge is similar to what occurred in 2019 and anticipates further increases before mid-year.

Technical Analysis Indicators

The 50-day moving average appears to suggest that Bitcoin will continue its upward trend for now. It established support near the 50% Fibonacci Retracement Level ($23,325) creating a spark for buying activity and driving bullish sentiment among traders. Investors may find success if they watch for when prices hit $24,250 as an entry point into long positions with Bitcoin.

Final Thoughts

The past week has seen significant gains from Bitcoin surpassing the 24K mark and climbing higher by 14%, signaling potential good news ahead for cryptocurrency investors. However, it is important to consider expert analysis such as Michael van de Poppe’s when forming investment decisions so you can make well informed decisions on how best to capitalize on these bull runs with cryptocurrency trading activities.

Conclusion

The crypto world continues to buzz with speculation as people attempt to decipher where prices are headed next with BTC rising significantly over the past week reaching 24k+. While expert analysts like Michael van de Poppe offer their insights into market trends which could influence investor decisions along with technical indicators such as Fibonacci Retracements Levels & 50-day Moving Averages – ultimately it comes down to individual risk management strategies & knowledge base when considering taking trades or investing into cryptocurrencies like bitcoin this week or any other time frame going forward within markets..

Overview

• Michael van de Poppe, a renowned cryptocurrency expert, predicts a massive surge in Bitcoin’s price to reach $40,000 by June 2023.
• Technical analysis reveals a potential drop to $22,100 and resistance near $23,250.
• Increased trading activity suggests growing momentum in favor of bulls and a possible pullback to provide favorable buying opportunity.

Background on Bitcoin Price

At the time of writing, Bitcoin is trading at around $22,726 with an estimated resistance level of $23,200 identified by van de Poppe. Despite anticipating a potential pullback to $21,700 he acknowledges that the increased trading activity signals growing bullish momentum which may cause Bitcoin price to surge more than 50% up to reach $40,000 by June 2023. Furthermore, it currently has a market capitalization of $438.2 billion and its 24-hour trading volume is at an impressive level of $40.7 billion.

Technical Analysis

The technical analysis reveals rising selling pressure as indicated by the RSI and MACD indicators which could lead to a new low of around $22,050 in the near future. The 50-day exponential moving average also suggests that Bitcoin may face resistance near the level of $23 250 if it surpasses this point it may reach up to as high as 23 500 indicating an increase in value from current levels.

Potential Pullback

Van de Poppe acknowledges the potential for a drop to extract liquidity which could potentially provide favorable buying opportunities for investors who are looking into getting into or increasing their positions in Bitcoin at this time.

Conclusion

In conclusion it appears that there are positive indications for further growth in Bitcoin’s price with technical analysis suggesting a brief pull back before reaching higher targets such as the estimated target of 40 000 dollars sometime in June next year while providing dynamic buying opportunities along the way.

Overview of Tether (USDT)

•Tether (USDT) is the largest stablecoin in the crypto industry with approximately 68 billion units in circulation.
•Tether USDT enjoys a higher daily traded volume than Bitcoin and Ethereum combined, with a daily trading volume of about $40,058,042,121.
•Over 4 million holders of Tether USDT have facilitated about 175,246,251 transactions.

Controversy Surrounding Tether USDT

According to a recent report by Wall Street Journal, approximately 86 percent of Tether (USDT) was controlled by four individuals as of 2018. The documents were obtained from 2021 probes of Tether by the New York Attorney General and the federal Commodity Futures Trading Commission (CFTC). According to these documents, Giancarlo Devasini owned 43 percent of Tether in 2018 while Bitfinex CEO Jean-Louis van Der Velde and Chief Counsel Stuart Hoegner each owned roughly 15 percent at that time. These claims have been opposed by Paolo Aordino who is the chief technology officer of both Bitfinex and Tether stating that all Tethers are backed 100% by fiat currency.

Expert Opinions

Qadir Ak is an experienced writer who has been covering the blockchain and cryptocurrency space since 2010. He believes that stablecoins like Tether USDT are vital in offsetting high crypto volatility as traders either take refuge or profit from it. Furthermore, he interviewed few prominent experts within the cryptocurrency space on this topic who also shared their opinions on this matter.

Implications

The controversy around Tether USDT puts it under a lot of scrutiny from global lawmakers and media companies alike which might lead to further investigations into its operations. Moreover, if it’s found out that these claims are true then it can have serious implications for both Bitfinex as well as for the whole cryptocurrency market due to its huge market cap and daily traded volume compared to other cryptocurrencies like Bitcoin and Ethereum combined..

Conclusion

Despite all its controversies surrounding its operations, there is no denying that stablecoins like Tether USDT are beneficial for traders to take refuge from high crypto volatility or even gain profits from them due to their huge market capitalization along with higher daily traded volumes compared to other cryptocurrencies like Bitcoin or Ethereum combined making them one of the most important players in the cryptocurrency space today.

• Peter Schiff is a businessman, investment broker, author, and financial analyst from the United States.
• He has been widely critical of cryptocurrency, believing Bitcoin is considerably closer to its ceiling than to its floor.
• Despite Bitcoin’s price gains, Schiff continues to despise it and recently advised people to sell.

Peter Schiff is a well-known businessman, investment broker, author, and financial analyst from the United States. He is the CEO and chief global strategist of Euro Pacific Capital, a foreign market investing firm. As a result of his bearish views on the US economy and the Federal Reserve, as well as his criticism of government spending and economic intervention, Schiff has been widely critical of cryptocurrency.

Schiff believes that Bitcoin is considerably closer to its ceiling than to its floor, due to the yellow line that was earlier considered support now being considered resistance. He has advised people to sell now because of the small upside potential and great downside risk. Despite this, Bitcoin has grown 27% since his prediction.

Schiff has continued to express his disdain for Bitcoin, despite the fact that its recent price gains have made his prediction look foolish. He has stated that he expects the entire rally to reverse, and for the price of Bitcoin to fall below where it was at the start of its rally. As a result, he has once again recommended that people sell.

Schiff’s views on Bitcoin have been met with criticism and ridicule from many in the crypto community, with some pointing out that his predictions have been wrong in the past. Despite this, Schiff continues to express his negative opinion on Bitcoin and has stated that he will stand by his prediction that it will never reach $100k.

• Crypto markets are turning bullish as the majority of cryptos have risen beyond their crucial resistance.
• Altcoins are showing signs of a continued upswing and may lead the AltSeason for 2023.
• Polygon (MATIC) is trading within an ascending triangle and heading towards the upper resistance.

The crypto markets have been slowly yet steadily turning bullish in recent weeks, with many of the major cryptos breaking through crucial resistance levels. Altcoins have been particularly strong during this period, with some of them maintaining significant strength even as the bears dominated the rally and quickly surged high with double-digit gains. This shows the possibility of a continued upswing and could potentially lead to an AltSeason in the year 2023.

Bitcoin, the largest cryptocurrency by market cap, initially dropped to its local lows but then held the pivotal support at $20,800, bouncing back above $21,000. This is a positive sign for the markets and may lead to further gains in the coming days.

Among the altcoins, Polygon (MATIC) is particularly strong at the moment and appears to be gearing up for a massive bull rally in the first quarter of 2023. The MATIC price has been trading within an ascending triangle and is heading towards the upper resistance. However, in the meantime, the price may face a minor pullback but is likely to remain above $1, which could trigger the next leg up. If the MATIC price does break through the resistance, it could reach the important $3.50 level.

Other altcoins that have the potential to perform well in 2023 include Ethereum, Cardano, Chainlink, Ripple, VeChain, Compound, Uniswap, and Yearn.Finance, amongst others. Ethereum has been consolidating above $1,000, while Cardano has been trading above the $0.50 level. Chainlink has been trading above the $15 level, while Ripple has been trading above the $0.30 level. VeChain is trading above the $0.30 level, while Compound is trading above the $100 level. Uniswap has been trading above the $30 level, while Yearn.Finance has been trading above the $40 level.

All these altcoins have the potential to perform well and may lead the way in the AltSeason of 2023. Investors should do their own research before investing in any of these tokens and be prepared for the risks associated with investing in the cryptocurrency markets.

• Balancer Labs has issued a statement warning liquidity providers to withdraw funds from five liquidity pools, totaling $6.3 million.
• The pools that must be withdrawn include Tenacious Dollar on Fantom, It’s MAI life, and Smells Like Spartan Spirit on Optimism, as well as DOLA/bb-a-USD on Ethereum.
• Balancer has stated that if an emergency multisig has set a pool’s transaction costs to zero, LPs do not need to take any additional action.

Balancer, a blue-chip DeFi protocol, recently issued a statement on Twitter warning liquidity providers to withdraw funds from five liquidity pools. These pools, which total $6.3 million, include Tenacious Dollar on Fantom, It’s MAI life, and Smells Like Spartan Spirit on Optimism, as well as DOLA/bb-a-USD on Ethereum. Balancer Labs, the company in charge of managing the development of Balancer (BAL) DeFi, warned users of these pools to withdraw all of their funds as soon as possible.

The statement from Balancer Labs also explained why the situation had arisen. The company explained that the protocol fees of some of the Balancer pools had been set to zero in order to avoid an issue that is now mitigated and will be publicly disclosed in the near future. They stated that liquidity providers do not need to take any additional action if an emergency multisig has set a pool’s transaction costs to zero, as the fees will still be collected by the pools.

The team at Balancer expressed concern that the issue could not be mitigated by the emergency DAO, which is why they advised liquidity providers to withdraw their funds as soon as possible. They also stated that they are committed to continuing to monitor the situation and to ensure that similar issues do not arise in the future.

In conclusion, Balancer Labs has issued a statement warning liquidity providers to withdraw funds from five liquidity pools, totaling $6.3 million. The pools that must be withdrawn include Tenacious Dollar on Fantom, It’s MAI life, and Smells Like Spartan Spirit on Optimism, as well as DOLA/bb-a-USD on Ethereum. Balancer has stated that if an emergency multisig has set a pool’s transaction costs to zero, LPs do not need to take any additional action. The team at Balancer is committed to ensuring that similar issues do not arise in the future.

• Quant (QNT) is an Ethereum token that is used to fuel the Quant Network, which provides digital access to various services and applications (mApps).
• Quant could reach a maximum of $174.26 by the end of 2023 and is expected to cross the $500 mark by the end of 2030, with a potential high of 502.66.
• The Quant protocol intends to mark its stance, by resolving the technical glitches related to the interoperability of blockchains.

Quant (QNT) is an Ethereum token that is used to fuel the Quant Network, which provides digital access to various services and applications (mApps). The blockchain network is based on the Overledger, an enterprise-grade blockchain operating system. The Quant Network was developed to provide a secure and efficient blockchain interoperability solution. This allows businesses and organisations to access and interact with multiple blockchains, in an effort to build more powerful, secure and user-friendly applications.

The Quant Network’s native token, QNT, is used to fuel the platform and enable the efficient running of its operations. The token is used to pay for services, such as the development of new applications and the deployment of the Overledger platform. QNT also allows users to access the Quant Network’s various services, such as the Quant Network’s own Overledger Gateway, which allows users to access various blockchain networks.

The Quant Network has seen an impressive run over the past few months, with the price of QNT rising from $7.80 in April 2021 to $142.06 on June 2021. This has led to speculation that the QNT price could surge to as high as $250 by the end of 2023.

However, the future of QNT depends on the success of the Quant Network. The platform has to prove its value in order to gain more traction in the market and attract more users. This means that the Quant Network must continue to develop and introduce innovative features, such as its Overledger Gateway. The success of the Quant Network will also depend on the adoption of its native token, QNT, by developers, businesses and organisations.

In addition to this, the Quant Network also needs to focus on resolving the technical issues related to the interoperability of blockchains. This is an area that has been of great concern for many blockchain platforms, and the Quant Network needs to address these issues in order to gain more traction in the market.

Overall, the future of QNT looks promising, and it is likely that the price of the token will reach the $250 mark by the end of 2023. However, the success of the Quant Network will depend on its ability to continue to develop innovative features and address the technical issues related to the interoperability of blockchains. If the Quant Network is successful in this, then the QNT price could reach as high as $500 by the end of 2030.