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Bitcoin Price Plummets 77% in Asian Session, Triggering $200 Million in Liquidations

Bitcoin Price Crashes 77% in Asian Session, Sets Off $200 Million in Liquidations 😱

Bitcoin took a sudden nosedive during the Asian session, dropping 7.74% and briefly touching the $40,400 mark. This unexpected drop led to the liquidation of nearly $200 million worth of positions, causing significant market volatility. With the upcoming US Consumer Price Index (CPI) and the Federal Reserve’s interest rate decision, high volatility is anticipated to continue.

Higher interest rates often have an adverse impact on the price of gold, as they increase the opportunity cost of holding the precious metal rather than investing in interest-bearing assets or depositing cash in a bank. Additionally, they generally strengthen the US Dollar, which in turn lowers the price of gold since it is denominated in dollars. It will be crucial to monitor the Fed’s interest rate decisions and their implications on the price of Bitcoin.

Bitcoin is currently trading around $42,289, hovering around the midpoint of its 77% crash during the bear market. This price level is pivotal and may trigger significant take-profit or sell orders, which could result in market-wide liquidations. Market participants should remain cautious as the struggle between bulls and bears intensifies. It is worth noting that a major correction in Bitcoin price is not expected until it reaches the 62% retracement level at $48,733. However, today’s movements could catch many overeager investors off-guard. The $50,000 psychological level may be a plausible area for market-wide profit-taking to occur.

Read the original article #Bitcoin #cryptocurrency #BitcoinPrice #marketvolatility

Benedetto Garacci, from Adweek Portfolio (1988)

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Cracking the Code: SEO's Hidden Powers Unleashed for NFT Sellers

In the bustling world of digital assets, where every pixel matters, standing out is the name of the game. If you're rocking the NFT seller vibe, here's a pro tip – let's talk about the secret sauce: SEO. Yep, Search Engine Optimization – it's not just a buzzword; it's your golden ticket to making your NFT store shine. Buckle up as we explore the wizardry of SEO and how it can level up your game by boosting visibility, credibility, and, of course, those all-important sales.

Boosting the Spotlight on Your NFT Store:

SEO is like your backstage pass to the show. It tells search engines, "Hey, this NFT store is where it's at!" The result? Your unique collection of NFTs gets a front-row seat in the search results, and a broader audience discovers your digital gems.

Riding the Wave of Organic Traffic:

SEO isn't about any traffic – it's about the right traffic. Picture this: people actively searching for NFTs stumble upon your store. More eyeballs mean more potential buyers checking out your NFT wonders. It's not just traffic; it's a crowd that's genuinely interested in what you're offering.

Building Street Cred in the NFT Hood:

Ever notice how the cool kids get noticed? A high-ranking NFT store isn't just a store; it's a digital VIP lounge. It screams credibility and trustworthiness. And you know what that means – buyers are more likely to drop some digital dollars when they trust your spot.

Outshining the Competition:

In the wild world of NFTs, it's a jungle out there. A higher search ranking isn't just a status symbol; it's your golden key to stand out from the pack. SEO ensures that your NFT wonders grab the attention they deserve.

A Symphony of User-Friendly Awesomeness:

SEO is not just about keywords; it's about the vibe. A well-optimized store is a smooth ride for your visitors. Faster load times, mobile-friendliness, and easy navigation – it's the VIP experience for every user who steps into your digital domain.

Niche Targeting Magic:

SEO lets you target specific keywords related to your NFT game. No more casting a wide net; this is a laser-focused approach. You're not just connecting; you're making a digital handshake with users genuinely interested in what you're dropping.

Local Swagger, Global Impact:

Got a physical presence? Local SEO is your hometown hero. It makes sure your NFT store is the talk of the town, attracting buyers in your vicinity and beyond.

Staying Ahead of the Digital Curve:

The online world moves fast, and SEO keeps you ahead of the game. Evolving search engine algorithms? No sweat. SEO practices ensure your NFT store is always in the spotlight, no matter what digital twists and turns come your way.

Listings That Pop:

Every NFT in your collection is a star, and SEO makes sure each one shines. Optimized product listings mean they're not just seen; they're discovered. That's the secret sauce for higher conversion rates and happy customers.

Data-Driven Success:

SEO tools aren't just cool gadgets; they're your crystal ball. They give you insights into what makes your audience tick. With analytics-driven decisions, you're not just running a store; you're orchestrating a digital symphony.

Now, imagine having all these SEO superpowers seamlessly integrated into your NFT store. Well, hold onto your pixels because NFTHoom is here to make it happen. With NFTHoom, you're not just selling NFTs; you're creating a digital spectacle that reaches the right audience. it's a blockbuster, and the stage is set for your NFT empire to rise. Ready to let your NFTs steal the show? NFTHoom's got your back!

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Various industries have praised Quantum computing’s transformative potential, but the practicality of its applications for finite-sized problems remains a question. Google Quantum AI’s collaborative research aims to pinpoint problems where quantum c

#AI #ML #Automation

On March 20, 2022, the New York Times published a 14,000-word puff piece on cryptocurrencies, both online and as an entire section of the Sunday print edition. Though its author, Kevin Roose, wrote that it aimed to be a “sober, dispassionate explanation of what crypto actually is”, it was a thinly-veiled advertisement for cryptocurrency that appeared to have received little in the way of fact-checking or critical editorial scrutiny. It uncritically repeated many questionable or entirely fallacious arguments from cryptocurrency advocates, and it appears that no experts on the topic were consulted, or even anyone with a less-than-rosy view on crypto. This is grossly irresponsible.

Here, a group of around fifteen cryptocurrency researchers and critics have done what the New York Times apparently won’t.

I like how snarky the critics are in this piece:

Cryptocurrency: A Beginner's Guide to Bitcoin

Cryptocurrency has become a buzzword in recent years, and one name that often comes up in conversations is Bitcoin. But what exactly is Bitcoin, and how does it work? In this article, we will delve into the world of cryptocurrency and explore the basics of Bitcoin, providing you with a beginner's guide to understanding this revolutionary digital currency.

What is Bitcoin?

Bitcoin is a decentralized digital currency that was invented in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto. Unlike traditional currencies such as the US dollar or the Euro, Bitcoin is not controlled by any central bank or government. Instead, it operates on a peer-to-peer network and utilizes blockchain technology to ensure security and transparency.

How Does Bitcoin Work?

Bitcoin operates on a technology known as blockchain, which is a public ledger that records all transactions made using the currency. When someone makes a Bitcoin transaction, it is verified by a network of computers known as miners. These miners compete to solve complex mathematical problems, and once a problem is solved, the transaction is added to a block in the blockchain. This decentralized nature of Bitcoin means info slot that no single entity has control over the currency. Transactions are transparent and cannot be altered, making Bitcoin a secure and reliable form of digital currency.

Benefits of Bitcoin

Bitcoin offers several benefits that have contributed to its popularity among users worldwide. Some of the key advantages of Bitcoin include:

Decentralization: Bitcoin operates without the need for intermediaries such as banks or governments, giving users full control over their funds.

Security: The use of blockchain technology ensures that Bitcoin transactions are secure and cannot be tampered with. The transparent nature of the blockchain also allows for easy tracking of transactions.

Anonymity: While Bitcoin transactions are recorded on the blockchain, the identities of the users involved are not disclosed, providing a certain level of privacy.

Lower Transaction Fees: Compared to traditional banking systems, Bitcoin transactions generally have lower fees. This makes it an attractive option, especially for cross-border payments.

Global Accessibility: Bitcoin can be accessed and used by anyone with an internet connection, regardless of geographical location. This makes it an inclusive and borderless form of currency.

Is Bitcoin Legal?

The legal status of Bitcoin varies from country to country. While some countries have embraced the use of slot online cryptocurrency and have established regulations to govern its use, others have banned or restricted it. It is important to research the legal status of Bitcoin in your jurisdiction before engaging in any transactions.

Is Bitcoin a Good Investment?

Bitcoin has experienced significant price fluctuations since its inception, leading some to view it as a speculative investment. While Bitcoin has the potential for high returns, it is also subject to volatility and market risks. It is essential to slot gacor carefully consider your risk tolerance and conduct thorough research before investing in Bitcoin or any other cryptocurrency.

Conclusion

Bitcoin has revolutionized the world of finance, offering a decentralized and secure form of digital currency. With its global accessibility and potential benefits, Bitcoin has garnered widespread attention and adoption. Whether you are a indo3388 curious beginner or an experienced investor, understanding the basics of Bitcoin is essential in navigating the world of cryptocurrency. So, grab your digital wallet, and embrace the future of finance with Bitcoin!

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Learn the basics of Bitcoin, a decentralized digital currency, in this beginner's guide to cryptocurrency. Explore its benefits, workings, and legal status.

Edward Snowden on the anonymity of cryptocurrencies

Edward Snowden, a former CIA and National Security Agency analyst, has addressed the Bitcoin Conference in Amsterdam.

Snowden fundamentally took the position of the crypto enthusiast, advocating the freedom of crypto business. Since he is intimately familiar with digital surveillance and control technologies, his opinion is that of a professional.

First, and in my opinion, the most important thing is his valuation of Bitcoin as an asset with no anonymity. It’s a bit sudden, isn’t it? Now, a CIA analyst claims that Bitcoin anonymity no longer exists today, that governments and intelligence agencies can uniquely identify crypto wallet users.

The second statement is a consequence of the first. Snowden encouraged developers to focus on increasing Bitcoin anonymity, as privacy was one of the pillars on which Nakomoto’s work was based.

In this regard, the position of the American regulator looks interesting. Recall that the head of the SEC Gary Gensler fundamentally singled out Bitcoin among other cryptocurrencies. According to Gensler, Bitcoin is the only full-fledged cryptocurrency, and all the rest are securities or investment contracts.

There is a certain logic in this judgment: Bitcoin is already under control. Both the transactions and their participants, who habitually believe that they have hidden behind the blockchain, are controlled. Bitcoin ETF, which actively promoted by grands if the fiat economies like the BlackRock investment fund, will only strengthen the level of control.

Another thing is that Bitcoin anonymity is directly related to the overall security of IT systems. Today, states and intelligence agencies have the technical ability to look at almost any computer, except for a few specially protected. So, unfortunately, the world that Nakamoto intended to build, is still a long way from us.

Rolling Stone

Your NFTs Are Actually -- Finally -- Totally Worthless

New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

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The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.