Troposplatform

• Bitcoin’s price rallied after breaking above a significant resistance level.
• The $30K area is an important mid-term resistance level that needs to be broken for a bullish phase.
• The 4-hour chart indicates that a consolidation or pullback may happen before the $30K level is reached.

Bitcoin Price Rallies

Bitcoin’s price has seen a massive uptrend over the past week, following a V-shaped rebound from the 200-day moving average located amid the $20K mark, followed by a decent breakout above the $25K resistance level. Currently, the price is heading towards the key $30K area, a mid-term resistance, in which a breakout above it would likely lead to a bullish phase in the coming months.

RSI Indicates Potential Pullback

The RSI indicator has entered the overbought area and is signaling a potential pullback or consolidation in the short term. In this case, the $25K area could be tested again as it now acts as a support level. The 4-hour chart also indicates that a consolidation or pullback may happen before the $30K level is reached as its RSI indicator signals bearish divergence between recent price highs.

$25K Level Could Provide Support

Although there are signs of potential corrections on both time frames, should these occur they could be limited to retesting of previous levels such as $23K and/or $25K while being supported by them respectively. In addition, these corrections could lead to increased buying pressure near these levels if buyers step in and push Bitcoin’s price higher again towards reaching its next major target at around $30K.

Potential Bullish Phase Coming Up

In conclusion, if Bitcoin manages to break through its current mid-term resistance at around $30k then it could open up another bullish phase for BTC with further targets potentially set much higher than its all time high at around ~$42k – although this will depend on market sentiment and overall investor confidence in BTC’s future prospects going forward too.

Conclusion

Overall, Bitcoin’s current rally appears to have some further upside left given current technicals but traders should always remain vigilant for any unexpected news or developments that might affect prices – either positively or negatively – in order for them make informed trading decisions accordingly alongside their own risk management strategies when investing into crypto assets such as Bitcoin and other popular altcoins too.

Summary

• Dua Crypto’s research determined that the Netherlands, Slovenia and Switzerland are the most crypto-curious nations in Europe.
• The Dutch ranked as the most interested European nation in cryptocurrencies with 0.1299 crypto-related searches per capita.
• Slovenia and Switzerland followed The Netherlands with 0.1181 and 0.0888 searches per capita respectively.

This is Europe’s Most Crypto-Curious Country (Study)

The research firm Dua Crypto has recently conducted a study to determine which countries in Europe are the most curious about cryptocurrencies. According to their findings, The Netherlands, Slovenia and Switzerland were found to be the most crypto-curious nations on the continent.

The Dutch Reached the Top

The study estimated that residents of The Netherlands had conducted the highest number of crypto-related searches per capita (0.1299). Bitcoin was found to be the locals’ favorite digital asset by market capitalization while Dogecoin was second and Cardano was third.

Slovenia Also Ranked Highly

• BitMEX co-founder Arthur Hayes published an essay on Thursday outlining potential scenarios that could cause a spike in oil prices.
• Hayes argued that such a scenario could spur central banks across the world to return to a market-friendly loose monetary policy.
• He described three possible futures—escalation of conflict between Iran and Israel/Saudi Arabia, reduction of oil production by large producers, or sabotage of oil/gas infrastructure—that could lead to an oil supply shortage.

The Potential Oil Crisis

Arthur Hayes, co-founder of BitMEX, recently published an essay outlining realistic potential situations that could cause a dramatic increase in global energy prices and make Bitcoin’s price skyrocket as a result. He determined that such an event would likely be driven by an escalation of the conflict between Iran and Israel/Saudi Arabia, which would result in the closure of the Strait of Hormuz – one of the world’s largest oil chokepoints – reducing 17 million barrels per day from global markets.

Central Bank Monetary Policy

In his post titled “Curve Ball,” Hayes argued that this situation would likely spur central banks across the world – including the Federal Reserve – to return to a market-friendly loose monetary policy. This would mean lower interest rates and quantitative easing programs which are generally seen as positive for Bitcoin’s price due to their inflationary effects on fiat currencies.

Potential Scenarios

Hayes proposed three potential scenarios that could lead to an oil supply shortage: escalation of conflict between Iran and Israel/Saudi Arabia; reduction of oil production by large producers; or sabotage of critical oil/gas infrastructure. All three scenarios present significant risks with potentially catastrophic consequences if they were realized, but it is important for investors to consider how their portfolios may be affected by such events.

Trading Bitcoin During A Crisis

Hayes also provided some insight into how traders should approach trading Bitcoin during such a crisis situation: “Be prepared mentally before shit hits the fan… Buy low and sell high works until it doesn’t.” He also noted that traders should not get caught up in short term swings but instead focus on longer term trends when trying to capitalize on these types of events.

Conclusion

As geopolitical tensions continue to mount across the globe, it is important for investors to be aware of potential risks posed by energy supply shortages or other events which may significantly impact global markets. By following Hayes’ advice and utilizing sound risk management strategies, traders can position themselves well if any one (or all) of these scenarios come true in the near future.

• Bitcoin’s price has been on a rollercoaster throughout the past seven days, fluctuating between $24K and $25K.
• Coinbase announced an Ethereum layer-two scaling solution based on Optimis, which caused a pump in the price of OP.
• The new network is called Base and aims to attract millions of new users to the cryptocurrency industry.

Bitcoin Price Volatility

Bitcoin’s price has been on a rollercoaster throughout the past seven days, fluctuating between $24K and $25K. Last week at this time, the price was hovering around similar levels, around $24K, but it quickly took for the skies and touched $25K on Sunday. What followed was the first correction back to $24K, after which BTC bounced again and reached $25K once more. It remained there for a couple of days before bears eventually won the war and pushed the price back below $24K. On Thursday, BTC attempted yet another shot at recovery and got to around $24,700 but failed to sustain these levels and retraced to where it’s currently trading at around $24K.

Coinbase Launches L2 Network

Coinbase announced that they are launching an Ethereum layer-two scaling solution based on Optimis. According to their official press release, Coinbase aims to attract millions of new users into the cryptocurrency industry through Base (that’s how their new network is called). The network will allow users to transact with near-zero fees while still maintaining high transaction throughput speeds due to its implementation of sharding technology like Plasma and zkRollup.

Benefits Of Base

The launch of Base will provide numerous benefits for users such as low transaction fees compared with other networks which can be upwards of 10x more expensive than what Base proposes; higher throughput speeds due to its use of sharding technology; increased security due to its use of smart contracts; plus much more! All these features make Coinbase’s new L2 network one that could potentially revolutionize Ethereum transactions as we know them today.

How To Use Base

Base is already live on mainnet so anyone can start using it now! To do so simply sign up for an account here or download our mobile app here in order to get started transacting with near-zero fees and high speed transactions via your own wallet address or through other wallets like MetaMask or Coinbase Wallet (formerly Toshi).

Conclusion

This week saw Bitcoin’s volatility continue while Coinbase announced a massive update in terms of their L2 scaling solution called “Base” which promises both cheaper transactions as well as higher throughput speeds compared with other networks out there today – making it one worth keeping an eye on over time!

• Avraham Eisenberg, a Puerto Rico man, exploited the decentralized finance (DeFi) protocol Mango Markets in October 2022, making over $100 million.
• Eisenberg’s lawyers claim he had already returned enough of the funds and is entitled to keep the remaining assets as a bug bounty.
• The Mango DAO voted to allow Eisenberg to keep the remaining $47M after returning $67M, which he did by transferring crypto assets worth around $67 million.

Exploiter Avraham Eisenberg Wants To Keep $47M

Avraham Eisenberg, a 27-year-old Puerto Rico resident, made over $100 million by exploiting the decentralized finance (DeFi) protocol Mango Markets in October 2022. According to his lawyers’ motion filed at US District Court for Southern District of New York on Wednesday, they stated that Eisenberg had fulfilled his part of the agreement and is entitled to keep the assets as a bug bounty.

The Proposal from the Mango DAO

The Mango DAO put forth a proposal that allowed Eisenberg to retain possession of his remaining $47 million after returning what is believed to be around $67 million in crypto assets. A total of 473,166 members voted in favor of this proposal at 96.6%, setting it into motion and allowing him to keep his money with no legal repercussions.

Enforcing Terms Of The Deal

Eisenberg’s attorneys have stated that he has already settled with his vote and is now trying to enforce the terms of this agreement so that he can receive his money without any further issues or delays. Eligible members of the Mango Markets received reimbursement from its treasury shortly after this settlement was reached.

Bug Bounty For Exploiters

This case serves as an example for future exploiters who wish to benefit from their actions without facing legal prosecution or having their funds seized by authorities or other regulatory bodies. By settling as per community consensus through voting on proposals like these, exploiters are able to receive fair compensation for their discoveries while protecting both themselves and those affected by them financially speaking – such as users who may have lost funds due to bugs or vulnerabilities discovered by these exploiters.

Conclusion

In conclusion, it appears that Avraham Eisenberg will indeed get away with keeping some of his ill-gotten gains as long as he continues following through with all agreements set forth by parties involved in this incident. This case sets an interesting precedent for future cases involving exploits on DeFi protocols and could potentially open up more opportunities for people looking to cash out on their discoveries without fear of retribution or confiscation from governing bodies or entities involved in such activities moving forward

• Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented new regulations that ban the use of privacy coins such as Monero (XMR) and Zcash (ZEC).
• The updated regime seeks to protect local consumers and establish Dubai as a global center of blockchain technology.
• These authorization requirements include anti-money laundering obligations, marketing protocols, prevention of insider trading, and verifying whether the asset class is used in criminal activities.

Dubai Forbids Operations With Monero, Zcash, and Other Privacy Coins

New Regulations From VARA

The new regulations imposed by Dubai’s VARA disallowed the employment of privacy coins, such as XMR and ZEC. Dubai’s Virtual Assets Regulatory Authority (VARA) prohibited all activities involving privacy coins such as Monero (XMR) and Zash (ZEC).

Authorization Requirements

The regulator has also enforced certain rules on the domestic cryptocurrency sector to turn the city into an “international hub for virtual assets.” These authorization requirements include anti-money laundering obligations, marketing protocols, prevention of insider trading, and verifying whether the asset class is used in criminal activities.

Protection Of Local Consumers

The updated regime aims to provide maximum security for local consumers and establish Dubai as a global center of blockchain technology. The regulator previously gave provisional licenses to Binance and other exchanges operating in the region.

Comments On Obfuscation Of Fund Flows

Angela Ang – Senior Policy Advisor at blockchain intelligence firm TRM Labs – commented: “Any obfuscation of fund flows poses a challenge to detecting illicit activities, so it is unsurprising that regulators react strongly to these kinds of asset classes and mechanisms.”

Establishing An International Hub For Virtual Assets

The new policy seeks to ensure maximum security for local consumers while establishing Dubai as an international hub for virtual assets. The regulator has also set authorization requirements that crypto firms need to pass before popping up in the region.

• VVF, an Abu Dhabi-based Web3-oriented venture fund, has invested $5 million in Everscale to help expand their blockchain solutions.
• According to VVF’s Chairman Peter Knez, the investment is a “strategic move” aimed at solving scalability issues and increasing the number of projects.
• The funds will be sent in stages depending on progress and other indicators; Everscale also intends to expand its global presence in Asia.

VVF Investing $5 Million in Everscale

The Web3-oriented Venom Ventures Fund (VVF) recently announced a $5 million investment in the blockchain solutions firm Everscale. The funding comes after VVF collaborated with Abu Dhabi-based Iceberg Capital Limited and Venom Foundation earlier last month.

Purpose of Investment

According to documents seen by CryptoPotato, the investment intends to support the Web3 industry by solving its scalability issues as well as increasing the number of projects available. It will be sent in stages depending on progress and other indicators.

Everscale’s Expansion Goals

Everscale already plans to significantly expand its global presence across Asia and establish a strong community there. These funds should help them hire more developers for their projects as well as increase their reach across different regions.

Statement from VVF Chairman Peter Knez

Peter Knez, who serves as both VVF’s Chairman as well as former CIO of BlackRock, commented that “this is a strategic investment aimed at the technological development of projects and teams around technologies that we focus on and actively develop.” He was referring specifically to the upcoming Venom blockchain project which could use Everscale’s Layer 2 solution.

About Moon Young Lee – CEO & Founder of Everscale

Moon Young Lee is currently serving as CEO & Founder of Everscale where he works closely with government agencies, enterprises and international corporations building powerful public blockchains for various industries including finance, healthcare, media & entertainment etc.. He also holds several patents related to blockchain technology which are registered in Korea, US & Japan under his name since 2018

• The FBI recently announced the takedown of the Hive ransomware network.
• This network included members located in multiple states in Europe and North America.
• The FBI was able to penetrate the network’s control center, gaining access to the decryption keys to be given to victims who paid the requested ransom.

The FBI recently announced a major victory in the fight against cybercrime with the takedown of the Hive ransomware network. This network was comprised of members in multiple states in Europe and North America, and was responsible for targeting infrastructure and individuals, encrypting their data and demanding cryptocurrency in exchange for decryption.

The FBI began their investigation into the network in 2021, and despite their best efforts, the group was difficult to penetrate. However, in July 2022, law enforcement was finally able to gain access to the control center, giving them access to the decryption keys. This meant that victims who paid the requested ransom would be able to receive their data back.

One of the most high-profile examples of this attack was the encryption of the Costa Rican healthcare service. Over 1,000 computers were affected by the attack and the hackers demanded a payment of over $1 million in Bitcoin to restore the data. Thankfully, the FBI’s efforts meant that the Costa Rican government was able to recover the data without having to pay the ransom.

This takedown is a huge success for the FBI, and a major blow to the Hive ransomware network. The U.S. Department of Justice has stated that law enforcement will continue to pursue cybercriminals and bring them to justice. It is hoped that this victory will serve as a warning to other cybercriminals, and that the FBI’s efforts will help to reduce the amount of ransomware attacks in the future.

• On this day in 2014, Vitalik Buterin announced Ethereum on the popular Bitcointalk forum.
• Vitalik Buterin’s first tryst with the Bitcoin community dates back to 2011 when he co-founded and started writing articles for Bitcoin magazine.
• In late 2013, Buterin described the idea of yet another digital currency in a white paper and sent it to a few of his friends.

Nine years ago, on this day, the world of cryptocurrency was changed forever when Vitalik Buterin announced Ethereum on the popular Bitcointalk forum. Buterin’s first experience with the Bitcoin community began in 2011 when he co-founded and started writing articles for Bitcoin magazine. After gaining a deeper understanding of the technology, he decided to create a new digital currency with built-in programming language and platform for decentralized applications.

In late 2013, Buterin wrote a white paper about his new project and sent it to a few of his friends. After much discussion and development, Ethereum was officially announced on the Bitcointalk forum on January 23rd, 2014. The new platform was revolutionary in that it allowed developers to create and deploy decentralized applications.

The Ethereum blockchain was made up of smart contracts, which allowed users to create and manage digital agreements without the need for a third party. It also allowed developers to create their own tokens, which could be used to trade goods and services in a decentralized manner.

Since its announcement in 2014, Ethereum has become one of the most popular and successful blockchain projects in the world. The platform has seen tremendous growth and is used by many developers and organizations around the world. It has also been used to create a number of successful decentralized applications such as decentralized finance (DeFi) and nonfungible tokens (NFTs).

Today, Ethereum is one of the most valuable and widely used cryptocurrencies in the world. It has revolutionized the way we think about and use blockchain technology, and has opened up an entirely new world of possibilities. We owe a great deal of thanks to Vitalik Buterin for his vision and dedication to creating this revolutionary platform.

• The Alameda-FTX bankruptcy is a lesson that government regulation is not beneficial for crypto markets.
• Last year, the scale of financial damage to crypto investors was immense.
• Bitcoin prices still haven’t recovered from the streak of crypto bankruptcies, but some of the losses were recovered from the FTX fiasco.

The cryptocurrency industry has faced a lot of turbulence in recent times. One of the biggest cases of this was the bankruptcy of Alameda-FTX, an international financial technology firm. This case serves as a warning sign to investors that government regulation is not beneficial for the crypto markets.

The financial damage inflicted on crypto investors last year was massive. Not just FTX International, but also Three Arrow Capital, Celsius, Genesis, Gemini, Voyager Digital, and BlockFi, were all affected. The Bitcoin price has yet to recover from the wave of crypto bankruptcies, although some of the losses were recovered from the FTX fiasco.

The bankruptcy of Alameda-FTX serves as a reminder of the importance of understanding the risks associated with cryptocurrency investments. As with any other kind of investment, crypto investors should be aware of the potential for losses and should always do their due diligence before committing to any particular investment.

In addition, it is essential to remember that the crypto markets are still in their infancy and that the regulations and laws governing them are still in their very early stages. As such, it is important for investors to be aware of the potential for uncertainty and volatility in the markets, and to take the necessary steps to protect themselves and their investments.

Finally, it is also important to remember that, just as with any other kind of investment, diversification is key. While it is important to understand the risks associated with any investment, it is also important to remember that having a diverse portfolio of investments can help to mitigate any losses. By diversifying, investors can spread their risk across multiple assets and protect themselves from the worst of any losses.

The lesson from the Alameda-FTX bankruptcy is that government regulation is not always beneficial for the crypto markets. It is essential for investors to be aware of the risks and to take the necessary steps to protect themselves and their investments. However, it is also important to remember that the crypto markets are still in their early stages, and that diversification is key to protecting yourself against losses. By taking the right steps and understanding the risks associated with any investment, crypto investors can protect themselves and their investments.