News Update: First Spot Bitcoin ETF approved to launch in Europe this July
🔸 Jacobi Asset Management has announced it will launch a European spot bitcoin ETF this July. The exchange-traded fund will be named the Jacobi Bitcoin ETF and listed on Euronext Amerstdam.
Adoption still rising amidst market uncertain conditions.💪
Source
🔸 Jacobi Asset Management has announced it will launch a European spot bitcoin ETF this July. The exchange-traded fund will be named the Jacobi Bitcoin ETF and listed on Euronext Amerstdam.
Adoption still rising amidst market uncertain conditions.💪
Source
Attention please, attack on 0xPolygon is ongoing right now!
Users see an RPC error asking users to urgently reset their seed on polygonapp.net (looks like this is wether DNS hijack or a form of a supply chain attack).
Just a scam popup to bring you to a page to put your seed.
New attack vector discovered*
✅
* Bitcoin wallet Electrum has had this issue in the past - dishonest nodes phishing. First time on “modern chains”.
Use your own RPCs. You can get one for free with POKTnetwork or AlchemyPlatform!
Literally the same attack is ongoing now on Fantom!
rpc.ftm.tools is having issues at the moment and should not be used.
If you're using that RPC, please change it to the following: rpc.ankr.com/fantom
It resolves to the same IP so this is the same hacker’s actions:
#blockchain #security #privacy
Users see an RPC error asking users to urgently reset their seed on polygonapp.net (looks like this is wether DNS hijack or a form of a supply chain attack).
Just a scam popup to bring you to a page to put your seed.
New attack vector discovered*
✅
* Bitcoin wallet Electrum has had this issue in the past - dishonest nodes phishing. First time on “modern chains”.
* Server certificate:
* subject: CN=polygon-rpc.com
* start date: Jul 1 07:39:10 2022 GMT (‼️)
* expire date: Sep 29 07:39:09 2022 GMT
* subjectAltName: host "polygon-rpc.com" matched cert's "polygon-rpc.com"
* issuer: C=US; O=Let's Encrypt; CN=R3
Very suspicious certificate, issued today by Let’sEncrypt
TUse your own RPCs. You can get one for free with POKTnetwork or AlchemyPlatform!
Literally the same attack is ongoing now on Fantom!
rpc.ftm.tools is having issues at the moment and should not be used.
If you're using that RPC, please change it to the following: rpc.ankr.com/fantom
It resolves to the same IP so this is the same hacker’s actions:
;; ANSWER SECTION:
rpc.ftm.tools. 78316 IN A 186.2.171.14
Stay Safe! #blockchain #security #privacy
X (formerly Twitter)
Polygon | Aggregated (@0xPolygon) on X
Updates on all things Polygon. Run by Polygon Labs.
| @0xPolygonFDN - Protocol & Governance
| @0xPolygonDeFi - DeFi
| @0xPolygonECO - Ecosystem
| @0xPolygonFDN - Protocol & Governance
| @0xPolygonDeFi - DeFi
| @0xPolygonECO - Ecosystem
Bitcoin and the dollar go in opposite ways
🔸 Notably, in the week ending July 3, the weekly correlation coefficient between BTC and USD fell to 0.77 below zero, the lowest level in the previous seventeen months.
🔸 In the same weekly session, Bitcoin's correlation with the tech-heavy Nasdaq Composite rose to 0.78 above zero.
🔸 This is partly due to how these markets have performed so far this year amid recessionary worries sparked by the Federal Reserve's benchmark rate increases to combat growing inflation.
🔸 Notably, in the week ending July 3, the weekly correlation coefficient between BTC and USD fell to 0.77 below zero, the lowest level in the previous seventeen months.
🔸 In the same weekly session, Bitcoin's correlation with the tech-heavy Nasdaq Composite rose to 0.78 above zero.
🔸 This is partly due to how these markets have performed so far this year amid recessionary worries sparked by the Federal Reserve's benchmark rate increases to combat growing inflation.
Global Outlook:
▫️Asian and European market started slightly positive on Monday.
▫️US futures are trading more than 0.50% negative. US Spot Market is closed today because of US Independence Day.
❕Fed will release June FOMC minutes on July 7.
❕US CPI data on July 13. We expect high volatility in the US Market based on these data.
❕FOMC meeting on July 27.
▫️Asian and European market started slightly positive on Monday.
▫️US futures are trading more than 0.50% negative. US Spot Market is closed today because of US Independence Day.
❕Fed will release June FOMC minutes on July 7.
❕US CPI data on July 13. We expect high volatility in the US Market based on these data.
❕FOMC meeting on July 27.
Dutch University recovers Bitcoin ransom payment worth 12x original value
After paying a ransom in Bitcoin (BTC) to regain access to data that was stolen by ransomware, a university in the Netherlands was able to retrieve the cryptocurrency and make a sizeable profit off of it.
Source
After paying a ransom in Bitcoin (BTC) to regain access to data that was stolen by ransomware, a university in the Netherlands was able to retrieve the cryptocurrency and make a sizeable profit off of it.
Source
Visa launches exclusive ‘no-limit’ Bitcoin card in UAE
As the cryptocurrency market expands, more corporations are starting to recognize the opportunities it offers and seek ways to incorporate digital assets in their operations, as well as offer crypto-related services for their customers.
One of these corporations is VISA (NYSE: V), the world’s largest payments network which launched an exclusive VIP crypto credit card called ‘bitcoinblack’ in the United Arab Emirates, a press release stated on July 3.
Source
As the cryptocurrency market expands, more corporations are starting to recognize the opportunities it offers and seek ways to incorporate digital assets in their operations, as well as offer crypto-related services for their customers.
One of these corporations is VISA (NYSE: V), the world’s largest payments network which launched an exclusive VIP crypto credit card called ‘bitcoinblack’ in the United Arab Emirates, a press release stated on July 3.
Source
June: Crypto Fear & Greed Index
✅Chart says that when the market is in 'Extreme Fear' for multiple days , it indicates that market forms a bottom
🔸Dec 2018: Back to back extreme fear in the market was seem and $BTC formed a bottom near $3200.
🔸March 2020: Again, we have seen a big block of extreme fear and BTC formed a bottom near $3800.
🔸June/July 2021: A big big block of extreme fear and BTC bounced from $28000.
🔸June/July 2022: It repeats as we can see a big block of extreme fear for the past month and this indicates that we are close to the season bottom.
✅Chart says that when the market is in 'Extreme Fear' for multiple days , it indicates that market forms a bottom
🔸Dec 2018: Back to back extreme fear in the market was seem and $BTC formed a bottom near $3200.
🔸March 2020: Again, we have seen a big block of extreme fear and BTC formed a bottom near $3800.
🔸June/July 2021: A big big block of extreme fear and BTC bounced from $28000.
🔸June/July 2022: It repeats as we can see a big block of extreme fear for the past month and this indicates that we are close to the season bottom.
Bitcoin Using Gaussian Channel (Weekly)
🔸 Historically when the Gaussian Channel switched to red, BTC is about to print its bottom.
🚩 It took 4 weeks in 2015
🚩 6 weeks in 2018.
🔸 We've just entered the 5th week. RSI’s never been that oversold.
source
🔸 Historically when the Gaussian Channel switched to red, BTC is about to print its bottom.
🚩 It took 4 weeks in 2015
🚩 6 weeks in 2018.
🔸 We've just entered the 5th week. RSI’s never been that oversold.
source
Futures Traders Opened New Positions
🔸 Bitcoin price increased 4% recently. On this pump, open Interest increased by $615million in just a few hours. This will likely result in volatility! To make a guess on which side this Open Interest is added, usually, we can take a look at Funding Rates.
🚩 Funding Rates
🔸 It doesn't give a clear signal. Funding Rates are almost neutral. This means that long and short traders are almost in balance. Leverage added to both sides (long and short) and will increase volatility in the near term
🔸 Bitcoin price increased 4% recently. On this pump, open Interest increased by $615million in just a few hours. This will likely result in volatility! To make a guess on which side this Open Interest is added, usually, we can take a look at Funding Rates.
🚩 Funding Rates
🔸 It doesn't give a clear signal. Funding Rates are almost neutral. This means that long and short traders are almost in balance. Leverage added to both sides (long and short) and will increase volatility in the near term
Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs.
So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode.
Source
Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs.
So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode.
Source
Celsius’ Bitcoin Liquidation Price Below $5K as Company Repays $120 Million in Debt
Celsius Network repaid $120 million to Maker, reducing the liquidation price of its DAI loan to below $5,000.
Celsius Network has made several loan repayments to reduce the threshold at which it would be forcibly liquidated.
The loan paybacks have been witnessed on vault #25977, which is said to belong to the firm. According to DeFi Explore, the company began making a string of repayments starting June 14. The latest, which is also the biggest payment (64 million DAI) since that period, happened just yesterday.
Source
Celsius Network repaid $120 million to Maker, reducing the liquidation price of its DAI loan to below $5,000.
Celsius Network has made several loan repayments to reduce the threshold at which it would be forcibly liquidated.
The loan paybacks have been witnessed on vault #25977, which is said to belong to the firm. According to DeFi Explore, the company began making a string of repayments starting June 14. The latest, which is also the biggest payment (64 million DAI) since that period, happened just yesterday.
Source
Bitcoin Historical RVGI (Relative Vigor Index).
🔸 This indicator anticipates changes in market trends & gives signals for overbought & oversold conditions.
🔸 When Blue crosses to red or vice versa it plots potential formations such as bottoms & tops.
🔸 This indicator is currently at the significant key level historically which forms the previous bottom.
🔸 This indicator anticipates changes in market trends & gives signals for overbought & oversold conditions.
🔸 When Blue crosses to red or vice versa it plots potential formations such as bottoms & tops.
🔸 This indicator is currently at the significant key level historically which forms the previous bottom.
Wolf of Wall Street Jordan Belfort: Buy BTC Now, You’ll Make a Profit
Wolf of Wall Street Jordan Belfort has changed his mind about Bitcoin in recent years. Jordan Belfort said he will be “shocked” if the strategy of investing in Bitcoin (BTC) does not prove profitable in the next three to five years.
Belfort is now an author and speaker. He originally found fame when the film that narrates his trajectory in the financial market, The Wolf of Wall Street, went blockbuster.
Source
Wolf of Wall Street Jordan Belfort has changed his mind about Bitcoin in recent years. Jordan Belfort said he will be “shocked” if the strategy of investing in Bitcoin (BTC) does not prove profitable in the next three to five years.
Belfort is now an author and speaker. He originally found fame when the film that narrates his trajectory in the financial market, The Wolf of Wall Street, went blockbuster.
Source
PennyWise crypto-stealing malware spreads through YouTube
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs.
Cyber intelligence company Cyble in a June 30 blog post said it had been tracking the malware known as PennyWise — likely named after the monster in Stephen King’s horror novel It — since it was first identified in May.
Source
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The malware targets Zcash and Ethereum wallets alongside Electrum, Atomic Wallet and Coinomi, it takes your browser extension and login data and reads your chat logs.
Cyber intelligence company Cyble in a June 30 blog post said it had been tracking the malware known as PennyWise — likely named after the monster in Stephen King’s horror novel It — since it was first identified in May.
Source
Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report
Facebook parent company Meta (META) is to proceed with its plans to bring digital collectibles to its users, undeterred by the recent sharp downturn in the cryptocurrency market.
New fintech head Stephane Kasriel said the company's plans to bring NFTs to its users have not changed "in any way."
Source
Facebook parent company Meta (META) is to proceed with its plans to bring digital collectibles to its users, undeterred by the recent sharp downturn in the cryptocurrency market.
New fintech head Stephane Kasriel said the company's plans to bring NFTs to its users have not changed "in any way."
Source