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kraukonge：Santa Came Early In Crypto? Bitcoin Rally May Have Passed

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  kraukonge：Santa Came Early In Crypto? Bitcoin Rally May Have Passed Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled. As of this writing, Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside. The firm believes equities have been showing strength on the back of a potential U.S. Federal Reserve (Fed) pivot. The financial institution hinted at moderating its monetary policy and reducing its interest rate hike program. This potential change triggered “strong” bullish momentum for the stock market, allowing Bitcoin and Ethereum to rise 13% and 22% in the past two weeks. Despite the collapse of FTX in November and the fear of contagion, its value is almost back to ...
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kraukonge：Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market?

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  Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market? Data shows the different Bitcoin investor cohorts now have their cost-basis packed together in a tight range. Here’s what this may tell us about the current market. The entire market can be split into two main investor cohorts, the “short-term holders” (STHs) and the “long-term holders” (LTHs). The STH group includes all investors that acquired their coins within the last 155 days. The LTHs, on the other hand, are made up by holders that have been holding their coins since more than 155 days ago. Statistically, the LTH group is the cohort that’s least likely to sell their coins at any point, since the longer investors keep their coins the less probable they become to break their dormancy. The cost-basis of either of these two groups is the price at which the average investor belonging to said cohort bought their coins. As you can see in the above graph, the cost-basis of the Bitcoin STHs has declin...
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kraukonge： US court orders digital asset fraudster to pay $2.8M following CFTC tussle

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  kraukonge： US court orders digital asset fraudster to pay $2.8M following CFTC tussle The Commodity Futures Trading Commission (CFTC) has scored a significant win in court against Jeremy Spence, a digital asset trader charged with misrepresentation and obtaining false pretense. The District Court for the Southern District of New York ordered Spence to pay $2.8 million to the victims of his Ponzi scheme, marking the end of a lengthy legal battle. Early in the year, the commodities watchdog took Spence to court over his involvement in a Ponzi scheme including virtual currencies like BTC and ETH. The CFTC’s court filing revealed that Spence ran his illegal operation between December 2017 and April 2019, costing investors losses of nearly $5 million. Spence pleaded guilty to the charges and was sentenced to 42 months in jail. “Spence’s solicitations—which, as described below, were rife with fraud, lies, and deceit—were successful,” said the court order. “During the Relevant Period, S...
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kraukonge： Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000

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Mark Mobius’ Bitcoin Price Prediction The founder of Mobius Capital Partners, Mark Mobius, shared his latest bitcoin price prediction in an interview with Bloomberg Monday. Prior to starting his own company, Mobius spent more than three decades at Franklin Templeton Investments. He previously served as the executive chairman of Templeton Emerging Markets Group where he managed more than $50 billion in emerging markets portfolios. The veteran investor said that his next target for bitcoin is $10,000, noting that cryptocurrencies are “too dangerous” for him to invest his own cash or his clients’ money in. kraukonge： https://www.kraukonge.com/ https://net.kraukonge.com/
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kraukonge： Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out

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  kraukonge ： Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating customer assets from company funds for virtual assets service providers (VASPs). Cryptocurrency Law Finally Approved in Brazil The cryptocurrency law project identified with the number 4.041/2021, was approved by the Chamber of Deputies in its session on Nov. 29. The law project, whose discussion and approval were postponed several times due to the general elections realized last month, will now have to be ratified by president Jair Bolsonaro, who must sanction it before declaring it law. Deputies voted to shed most of the changes that the Senate had proposed, allowing the l...
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kraukonge： Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse

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  In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto in cold storage, centralized exchange (cex) platforms, and decentralized exchange (dex) protocols for years, the Dutch family has decided to proactively transfer $1 million in digital assets to dex protocols in order to have more control via self-custody. Didi Taihuttu and Family Are Taking Proactive Steps to Self-Custody Their Crypto Assets Just over five years ago,  Bitcoin.com  News reported on the Taihuttu family after they decided to sell their home, children’s toys, and vehicles so they can accumulate bitcoin (BTC). On Wednesday, the patriarch of the family, Didi Taihuttu, spoke with CNBC and explained that the family is moving $1 million ...
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kraukonge：Importance of Tokens

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  Tokens hold a very important role in the blockchain-based decentralized ecosystem and can be used for various purposes within a dapp’s universe. Other than fungible tokens, which are a representation of interchangeable assets on a blockchain and are usually used as cryptocurrencies, some of the most important categories based on usage are as follows: DeFi Tokens: DeFi protocols and dApps are aimed at reproducing traditional financial system functions (lending, borrowing, saving, insurance, trading, etc.). DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized DeFi platforms run through smart contracts. These tokens perform a wide range of functions within the DeFi platform and are also tradable or can be held like any other cryptocurrency. Utility Tokens: These types of tokens are designed to serve particular purposes within a specific application/protocol's ecosystem and allow users to be part of the decision-making on a specific network. Furt...
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