Cryptocurrency

According to Cowen’s outlook, Bitcoin is likely to avoid a more significant retracement as long as it stays above this band. The 20-week simple moving average (SMA) and the 21-week exponential moving average make up the bull market support band, which is an important level that represents the overall sentiment of the market. Throughout past bull runs Bitcoin has frequently rebounded from this area, indicating that a correction is complete and that additional upward momentum is probably ahead. However, there are reasons for caution when interpreting Cowen’s optimism. Bitcoin has previously shown volatility in this band; wicks below these levels frequently cause traders to experience brief panic attacks.Regaining the band is a positive development for Bitcoin, but it does not necessarily mean a quick rebound. Given the macroeconomic unpredictability and comparatively low trading volume on the current market, it is possible that Bitcoin will encounter resistance in the upcoming weeks. Furthermore, as evidenced by recent price action, Bitcoin is still stuck in a range and has not been able to break above significant psychological barriers like $65,000.A further risk that could affect risk assets, including cryptocurrencies, is the possibility of the Federal Reserve tightening its monetary policy. To sum up, even though Benjamin Cowen’s forecast offers a bullish viewpoint, based on past performance around the bull market support band, it is crucial to exercise caution. For a more convincing rally, Bitcoin must hold its current position above the support band, while the market continues to face external pressures.This article was originally published on U.Today More

While many are looking forward to a possible revelation of one of the most mysterious individuals of the 21st century, Pomp is in the camp of those who think that nobody will ever be able to say for sure who this person (or group of people) is/was – and perhaps that’s all for the better.In his tweet, Pompliano stated: “The world is better off not knowing who Satoshi Nakamoto was.”Many commentators agreed with Pomp, among them famous crypto blogger Lark Davis, who said, “Some stones are best left unturned.” The crypto community responded keenly to Pompliano’s tweet, some agreeing with him, some saying that Satoshi made Bitcoin with a group of other developers, some supporting the conspiracy theory that Satoshi worked either for the CIA or for the Chinese intelligence service.As reported recently, the majority of bet makers on the Polymarket prediction platform believe that the most likely candidate for Satoshi was Len Sassaman, an early cypherpunk, expert in cryptography and an advocate of decentralization and online privacy. However, he tragically took his own life in 2011.The fact that Satoshi published his last message on the BitcoinTalk forum about stepping away to work on other projects adds to the speculation that Satoshi was none other but Sassaman. One of the other candidates is the founder and CEO of Blockstream, and the creator of Hashcash, Adam Back.Back was mentioned in the Bitcoin whitepaper published in 2008, and Satoshi also exchanged emails with him while working on BTC. Back has denied many times being the Bitcoin inventor. In light of the approaching HBO documentary release, he tweeted again that he is not Satoshi, adding: “But also the documentary will presumably be wrong, as no one knows who Satoshi is.”Dogecoin cofounder Billy Markus recently tweeted that he would probably be “underwhelmed and disappointed” by “Money Electric: The Bitcoin Mystery” when he sees it since he does not expect it to reveal Satoshi’s real identity.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on the success of earlier integrations such as Mantle, Bybit Launchpool now supports the SUI pool, marking a significant step towards broader ecosystem support and offering more targeted opportunities for token holders.This new initiative reflects Bybit’s long-term commitment to fostering blockchain ecosystems. The inclusion of SUI as Bybit’s first-ever ecosystem native token pool comes at a time of positive development for the project, aiming to give users greater flexibility and aligning with the needs of the SUI ecosystem.For more information and to participate in Bybit Launchpool, readers can visit Bybit Launchpool : https://www.bybit.com/en/trade/spot/launchpool#Bybit / #TheCryptoArk /About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press. For media inquiries, readers can please contact: media@bybit.comFor more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

VENKO, an alien-themed meme coin launched on the Solana blockchain, has seen early traction with notable achievements, including listings on CoinMarketCap and CoinGecko and an all-time high market capitalization of nearly $3 million on Raydium. Aims to stand out in the competitive meme coin landscape, VENKO integrates its extraterrestrial theme with planned utility-driven platforms such as Alienium and UAPsnap.Unique Concept and Growing EcosystemWhile VENKO draws inspiration from successful meme coins like DOGE, SHIB, and PEPE, it aims to distinguish itself by offering a comprehensive ecosystem centered around extraterrestrial interests. The development team has outlined a roadmap designed to establish VENKO as a leading player in the meme coin market, leveraging its alien theme alongside broader cultural interest in UFOs and unexplained phenomena.Alienium: A Social Hub for UFO and Alien EnthusiastsAlienium, VENKO’s upcoming social platform, is set to serve as a hub for individuals interested in UFOs, aliens, and other unexplained phenomena. Final testing is reportedly complete, and the platform will feature various community-driven activities, including:UAPsnap: Capturing the UnseenIn addition to Alienium, VENKO is developing UAPsnap, a platform dedicated to reporting and analyzing unidentified aerial phenomena (UAP). Users will be able to capture and share sightings, analyze data, and connect with others interested in tracking unexplained aerial events. The platform is part of VENKO’s broader strategy to provide utility beyond the meme coin hype by appealing to the growing community of UFO and extraterrestrial enthusiasts.A New Era of Meme CoinsVENKO isn’t just about memes and hype. It’s building a long-term strategy, with goals of reaching 10,000 holders and beyond. Plus, it’s surrounded by experienced industry veterans, including those from leading social media platforms like Facebook (NASDAQ:META), helping shape VENKO’s platforms into the go-to hub for alien and UFO enthusiasts.With accelerated marketing and growth campaigns in the pipeline, VENKO is positioning itself to be the No.1 alien meme coin.Roadmap and Future PlansAs VENKO continues its development, the project’s roadmap includes significant milestones such as the launch of its first centralized exchange (CEX) listing on BitMart. The team, which includes veterans from leading social media platforms like Facebook, has also announced plans to grow the community to 10,000 holders through targeted marketing and community engagement efforts. Airdrops and other community-focused rewards are also planned as part of VENKO’s long-term strategy to incentivize user participation and drive adoption.Looking Ahead: 2024 and BeyondWith ongoing platform development, public tranding, and community-building initiatives, VENKO aims to position itself as a prominent player in the meme coin space, targeting UFO enthusiasts and crypto users alike. The project’s focus on building real-world utility through platforms like Alienium and UAPsnap sets it apart from other meme coins, as it seeks to create a sustainable, community-driven ecosystem.About VENKOVENKO is a meme coin built on the Solana blockchain, combining extraterrestrial themes with real-world utility. It offers unique platforms like Alienium, a social hub for UFO enthusiasts, and UAPsnap, a platform for tracking aerial phenomena. The project aims to become a leading meme coin in the cryptocurrency space by integrating community-driven initiatives with long-term utility.Users can join the VENKO movement today, and get involved with the new alien leader!ContactMrMarcus Labrinthinfo@venko.techThis article was originally published on Chainwire More

Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce the appointment of seasoned banker Shunyet Jan to head its derivatives division. This appointment underscores Bybit’s commitment to investing in talent that drives innovation and sustains its leadership in its derivatives business.Supporting Growth Amidst Industry ChangesShunyet Jan joins Bybit during a transitional time in the crypto industry, where regulatory landscapes are shifting, and new opportunities are emerging. With his decades-long expertise spanning both traditional and digital markets, Shunyet is positioned to lead Bybit’s derivatives division into its next phase of growth.In his new role, Shunyet will oversee the growth of Bybit’s derivatives business, which includes perpetuals, futures, and options. With his extensive experience in both Wall Street and high-frequency trading in Asia, Shunyet will help refine Bybit’s offerings to meet the evolving demands of institutional and retail traders alike. His leadership will be instrumental in further solidifying Bybit’s position as a market leader, offering products designed for a rapidly advancing crypto space.Shunyet’s career began on Wall Street, where he held key positions at various investment banks, specializing in program trading, ETFs, and index arbitrage. His transition to Asia led him into the fast-paced world of algorithmic and high-frequency trading, before eventually turning his focus to institutional crypto markets. His cross-disciplinary experience across traditional and digital finance makes him a valued leader as Bybit continues to bridge the gap between the two worlds.Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press For media inquiries, readers can please contact: media@bybit.comFor more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

His tweet comes as Bitcoin has printed a rise to regain the $63,000 level over the past 24 hours. It even managed to come really close to retaking $64,000.Since Wednesday last week, BTC has demonstrated a price rise of 6.20% as it has gone up from the $60,000 level to $63,800 earlier today. By now, though, BTC has dipped to $63,520 and is changing hands at this price mark.Bitcoin has shown a 3% growth since Friday as the US jobs report that was published significantly surpassed the expectations of economists and analysts, thus making way for funds to start flowing into risk assets, which many traditional investors consider Bitcoin to be.Commenting on a tweet by hedge fund manager Kyle Bass saying that Satoshi is a “Chinese intelligence operation,” Mow tweeted that he was working in China in 2009 – the year, when BTC was launched. After that, he “managed the biggest Bitcoin exchange in China”.Mow tweeted that if one looks at the way the name Satoshi Nakamoto and the word China are spelled in hieroglyphs, the very first character in both will be the same. “It’s just can’t be coincidence,” Mow concluded.Kyle Bass suggested that China’s intelligence service deliberately created Bitcoin in order to undermine the US economic supremacy in the world reached thanks to the strength of the US dollar.These discussions have been going on social media over the past week ahead of the HBO Satoshi documentary release this Tuesday, in which the creators hinted they would disclose the real identity of the mysterious Bitcoin inventor.This article was originally published on U.Today More

The financial markets, including Bitcoin, may become more volatile as a result of these events. Why does Bitcoin care about this? The sensitivity of Bitcoin and other cryptocurrencies to macroeconomic data is growing particularly because investors are using them as a hedge against inflation and currency devaluation. The Fed’s position on interest rate inflation and the state of the economy as a whole will become clear with the release of its minutes. Higher interest rates often cause investors to gravitate toward more conservative assets, so if the minutes show a hawkish tone suggesting more rate hikes, Bitcoin may suffer. When assessing the level of inflation in the U.S., the CPI and PPI data will be essential. More aggressive tightening measures by the Federal Reserve may follow from a higher-than-expected PPI or CPI, which could indicate persistent inflation. Such acts might increase the volatility of risky assets like Bitcoin. Additionally, initial unemployment claims will provide a glimpse into the U.S. labor market. A more fragile labor market might lead the Fed to reduce its rate hikes, which would be good news for Bitcoin. Watch out for important levels and potential volatility. Bitcoin’s price is probably going to be more volatile because of impending events. Investors should pay special attention to the following key levels: at $63,000, Bitcoin is getting close to a crucial resistance level. The price could move toward the next target of $65,000 if there is a breakout above this level. Strong support at $60,000 is a critical level of support when things are trending negative. The next support level at $58,000 could be the source of panic selling if this level is broken. Expect Bitcoin to spike in response to any surprises in the Fed minutes or inflation data as Oct. 9 draws near.This article was originally published on U.Today More

By tapping into blockchain technology, Polkadot makes cross-chain connections and digital asset ownership possible, changing the way gamers engage with and benefit from their in-game achievements.Unlike traditional gaming ecosystems, where in-game items are often locked and limited to a single title, Polkadot allows for the creation and exchange of non-fungible tokens (NFTs) that players can trade across different games and decentralized marketplaces.Polkadot’s focus on interoperability means that these digital assets can move between multiple blockchain networks, which allows players to use their NFTs or tokens beyond a single game. Polkadot’s cross-chain capabilities enable communication between different blockchain systems. In play-to-earn gaming, this means that digital assets, such as NFTs earned in one game, can be used or traded in another, which creates a connected ecosystem of games where assets retain their value across platforms.For example, in games like NFL Rivals, Polkadot’s modular architecture supports the in-game economy by enabling the transfer and trade of player NFTs. This functionality not only adds to the gameplay experience but also creates a scalable economic model that could expand to include more games in the future.NFL Rivals is a clear example of how Polkadot is influencing the evolution of mobile sports gaming. By incorporating Polkadot’s blockchain technology, NFL Rivals allows players to collect and trade digital assets like player NFTs. These assets are stored on the Mythos Chain and can be bought, sold, or exchanged on secondary marketplaces.The use of Polkadot’s technology in NFL Rivals also enables players to manage teams, participate in football matches, and profit from their in-game investments, all while benefiting from the cross-chain functionality that Polkadot offers. More