An analyst explains why the post-halving rally in bitcoin is certain.

According to CoinMarketCap data, the price of bitcoin dropped 3.06% on Friday, reaching as low as $60,372.36. A trading expert using the X pseudonym Titan of Crypto has voiced unwavering confidence in Bitcoin's ability to create a post-halving price rise, despite the fact that the leading cryptocurrency market is now in a consolidation phase.

Analysts Suggest That Bitcoin Will Rise, With a $150,000 Price Target

Titan of Crypto made some intriguingly optimistic forecasts about the Bitcoin market on Friday in a series of X posts. First, the analyst pointed out that the daily price pattern of the token had created a positive signal during the drop in the price of Bitcoin.

This indication, which shows a possible turnaround from a downtrend to an uptrend, is known as the bullish engulfing candle, according to Titan of Crypto. It happens when a larger bullish candle fully emerges from the preceding smaller bearish candle.

In light of these findings, the analyst also projected that Bitcoin will soon see a significant post-halving price increase. Titan of Crypto used data from Bitcoin's price history to characterize this prediction as "inevitable."

The analyst for cryptocurrency stated:

You must look to the past in order to comprehend the present. Furthermore, historical data indicates that there has never been a time when #BTC has not rallied following the halving.

Titan of Crypto also agreed that the short-term fluctuations in price could be "confusing," but he anticipates that Bitcoin will continue to rise in the long run. Titan of Crypto projects that Bitcoin will trade at $150,000 in 2025 based on past post-halving rebounds.

Bitcoin Nears Its Lowest Price As Buy Interest Dips

According to Santiment, a blockchain analytics website, the recent decline in the price of Bitcoin may soon come to an end since the token is getting close to its "bottom," or the point at which a market fall's price stops falling and begins to rise rapidly.

Remarkably, Santiment's estimate is predicated on a decrease in Bitcoin investors' dip-buying behavior. According to the analytics platform, trade activity in Bitcoin is far below levels linked to prior price declines following its most recent plunge on Friday.

As of this writing, the price of Bitcoin has dropped by 3.26% over the past week to hover at $60,968. Also, the digital coin appears on the monthly chart.

With Rollblock's ICO debut, there is a slight tremble in both Bitcoin and Solana.

MAY 11,2024

NR.BALOCH

After reaching their peaks, Bitcoin and Solana correct; Bitcoin's halving is expected to rise despite bearish pressure, while Rollblock presale is gaining pace as a possible 30x token by 2024.

Over the past month, there have been declines in both Bitcoin and Solana's prices; within that quarter, Bitcoin reached an all-time high. Experts predict that with the impending halving of Bitcoin, BTC will rise despite further bearish pressure, whereas Solana may continue to fall. In light of this, investors are beginning to take notice of Rollblock, an igaming provider that is presently in the first phase of its presale. With its many advantages and revenue-sharing functionality, investors think Rollblock has a chance to become the next 30x token by 2024.

There are rumors that Solana might fall below $100.

One of the cryptocurrencies that has suffered the most from the latest market downturn is Solana. Once Solana reached $202, it encountered strong opposition and a number of problems in its ecology. Among these were issues with overloaded networks and disputes on social media between the creators of two initiatives centered in Solana.

Due to these occurrences, Solana's value has decreased by over thirty percent. As of this writing, Solana's price was trading at $133.87, down 23% from the previous week. Solana was no longer among the top 5 cryptocurrencies by daily trading volume as a result of its decline in daily trading volume to $4.8 billion.

The performance of Bitcoin is acknowledged.

Recently, Anthony Pompliano of CNBC's Squawk Box welcomed the recent performance of Bitcoin. Bitcoin is performing very well, Pompliano pointed out, despite its recent price dip. He explained that it was a pipe dream years ago for Bitcoin to hit $64,000.

 With an all-time high of $73,750, Bitcoin has blown beyond predictions. Pompliano went on to say that Bitcoin has increased in value by over 800% in the last four years, indicating that it is one of the most promising investments in the world.

Pompliano highlighted throughout the discussion that Bitcoin has outpaced many of the world's top assets, noting that gold has increased by just 7% in the past year.

Rollblock initiates its initial coin offering

Leading blockchain innovations in the online gaming industry is Rollblock, a creative DeFi igaming supplier. Rollblock has drawn interest from investors since launching its initial coin offering (ICO) due to its distinctive features and creative approach to online gaming. Users of the project can choose from more than 100 different games, including table games like roulette, Texas hold'em, and blackjack. Blockchain technology underpins every game, ensuring maximum security and permitting the use of cryptocurrencies.

Rollblock does not require players to finish a KYC in order to visit their casino, in contrast to other casinos. Users only need to link to their wallet or register with an email address to get started. Rollblock has witnessed an increase in users as a result of removing these straightforward entrance obstacles, and this has in turn led to an increase in investors buying their native RBLK cryptocurrency. By rewarding player participation and enabling holders to stake for future rewards, RBLK plays a vital role in the ecosystem. Additionally, Rollblock has included a revenue-sharing function that allows holders to split the casinos' daily earnings.

To further raise the value of the RBLK token, buy back RBLK on the open market and burn it.

The Rollblock ecosystem will benefit greatly from the use of RBLK coins. A portion of the platform's earnings will be distributed to token holders; up to 30% of Rollblocks' earnings will be utilized to buy RBLK on the open market. A deflationary token will be created, meaning that investors' tokens will gain value merely from this technique, with 50% of these tokens being used as awards and the remaining 50% being permanently burned.

RBLK is trading at $0.01 and is in stage 1 of the presale. In less than a week, the token has sold over 9 million tokens, indicating strong investor interest. 

The scale of the Rollblock ICO is noteworthy.

RBLK has the potential to be one of the most promising DeFi tokens of 2024 since it is the native token of the platform designed to support the growth of the online gaming and casino industries. RBLK has room to expand because of its broad utility, revenue share, and opportunities for token holders. In the upcoming weeks, analysts believe RBLK has what it takes to become a 100x token.

Visit the official Rollblock presale website or become a part of the online community for more details.

What is a Bitcoin? Key phrases in cryptocurrencies and their definitions

What is a Bitcoin? Key phrases in cryptocurrencies and their definitions

MAY 8,2024

NR.BALOCH

With the price of Bitcoin hitting a record high in March, the contentious topic of cryptocurrencies is once again receiving attention.

Furthermore, although many people are aware of market-moving events like the "halving" of Bitcoin or the introduction of "spot ETFs," their significance is not always clear to those outside the industry.

Don't worry, though.

Here are some crucial words and their definitions in case you're new to them or just want a reminder.

Bitcoin

Although many may find it difficult to understand the nuances of cryptocurrency, almost everyone is aware of its most well-known product: Bitcoin. However, what is it in reality?

One kind of digital currency is a cryptocurrency, such as Bitcoin. In contrast to conventional currencies like the dollar or pound, Bitcoin is not governed by financial entities with a central authority. This makes it attractive among those who believe that financial freedom can be achieved through decentralization, but it also makes it quite volatile, with its value fluctuating based on the whims of buyers and sellers of Bitcoin.

Its price increased quickly in February and March 2024, briefly setting a new record high. However, the cryptocurrency's value can fall just as fast as it can rise; this is a pattern that has appeared repeatedly since the coin's introduction.

The "halving" of Bitcoin
The technology that powers Bitcoin, known as the blockchain, is maintained by compensating so-called "miners" with bitcoin for their work of validating transactions.

There isn't an endless supply of bitcoins, though, in contrast to certain other virtual currencies. There is a limit of 21 million that can be mined, the most of which are already in use.

Accordingly, the quantity of bitcoins awarded to participants who successfully validate transactions is divided in half about every four years, or when the size of the Bitcoin blockchain reaches a particular threshold. The most recent "halving" (also known as "halvening") of Bitcoin occurred on April 20, 2024, when the incentive for miners was lowered from 6.25 bitcoins to 3.125 bitcoins.

This guarantees that, theoretically, as demand for Bitcoin increases over time, its supply is stretched farther. However, since there are less incentives for miners, some may wonder if it makes sense financially for them to keep up the expensive maintenance of their potent machines.

Blockchain
All cryptocurrencies and several associated items, such as non-fungible tokens (NFTs), are based on blockchain technology. It is essentially a virtual spreadsheet that keeps track of every cryptocurrency purchase and sale. The name comes from the way they are arranged—in blocks that are connected in a massive chain.

A vast network of volunteers records each bitcoin transaction individually onto the blockchain, using computer programs to confirm the transaction's legitimacy.

The network of Bitcoin is encouraged to do this since the first individual to validate a transaction will receive a Bitcoin reward. In addition to being potentially profitable, mining is also controversial due to the enormous amount of energy required as individuals compete globally to update the blockchain first.

Cryptocurrency Trading
The online marketplace where investors can purchase, sell, and trade cryptocurrency is known as a crypto exchange. A cryptocurrency exchange functions as a brokerage, much like a traditional investment bank, where users may move fiat currency, such as dollars or pounds, from their bank into cryptocurrencies, such as Bitcoin or Ethereum. The majority of transactions come with costs.

Digital Currency Wallet
An investor's cryptocurrency is kept in a crypto wallet. It keeps the digital assets in a similar manner to how a conventional wallet keeps cash. A heated wallet and a cold wallet are the two varieties. Since hot wallets are online, they may be accessed more easily and quickly for transfers. Cold wallets are actual physical objects, similar to USBs with specific design, that are used to store cryptocurrency offline for longer-term and safer storage.

Ethereum
The term Ethereum refers to both the blockchain that powers it and the second-largest cryptocurrency after Bitcoin, which is symbolized by the Ether token. This facilitates a wide range of digital assets and applications, including non-fungible tokens.

It operates similarly to Bitcoin and other cryptocurrencies, but in 2022 it made the switch to a more environmentally friendly operating system that uses less computers and energy.

What are NFTs, and why do some have a million dollar value?

ETFs, or exchange-traded funds
With ETFs, investors may wager on a variety of assets without having to own any of them directly. Similar to shares, they are traded on stock exchanges and their value is determined by the real-time performance of the entire portfolio. They may consist of bullion in both gold and silver, or a blend of shares in insurance and technological firms.

Throughout the day, a spot Bitcoin ETF makes direct purchases of the cryptocurrency "on the spot" at the going rate. Although Bitcoin was already indirectly present in certain ETFs, the US approved multiple spot Bitcoin ETFs in January 2024. This made it possible for new investors to enter the speculative Bitcoin market without worrying about digital wallets or understanding cryptocurrency, including investment management companies like Fidelity and Blackrock.

Is Blockchain Enough for a Major Role?

• Is Blockchain Enough for a Major Role?

MAY 6,2024

NR.BALOCH

The emergence of Bitcoin in 2009 marked the general awareness of blockchain technology. It was once heralded as a ground-breaking financial transaction solution, but its potential has now been realized in a wide range of sectors, including supply chain management and healthcare. But even with all of its promise, the question still stands: Is blockchain really ready for the big time?

Comprehending Blockchain Technology
Prior to exploring its preparedness, let us understand the basics of blockchain technology. A blockchain is fundamentally a distributed, decentralized ledger that keeps track of transactions over a network of computers. A chain of blocks is created when all of the transactions, or blocks, are safely connected to each other by means of cryptographic hashes. Transparency, immutability, and security are guaranteed by this design.

The Promise of Blockchain Immutability and Transparency: Blockchain's decentralized structure, which allows all network members to access the same data, accounts for its transparency.

 Transactions are irreversible once they are recorded, guaranteeing immutability and user confidence in the system.
Security: Blockchain is extremely secure against fraud and tampering because to its cryptographic algorithms. Because decentralized consensus mechanisms like Proof of Work or Proof of Stake require network participants to validate transactions, they further increase security.

Effectiveness and Economical Benefits:Blockchain promises potential cost savings and operational efficiencies by doing away with middlemen and automating operations through smart contracts. This is especially important for sectors like financial services and supply chain management that have a lot of intricate and time-consuming procedures.

Adoption's Obstacles
Although blockchain technology has great potential, there are a few obstacles in the way of its general adoption:

• Scalability: Scalability is one of the biggest obstacles. Transaction throughput slows down as blockchain networks expand, causing congestion and increased costs. Although sharding and layer-two scaling are being explored as solutions, they have not yet been widely implemented.
• Regulatory Uncertainty: Blockchain and cryptocurrency regulations are subject to vast variations in international law. Regulations that are too loose or too severe can prevent investors and users from investing in blockchain ventures.
• Interoperability: Since many blockchain networks run independently of one another, interoperability across many platforms can be difficult. The ecosystem's ability to communicate and share data across heterogeneous networks must be seamless.
• User Experience: Complex procedures and a lack of user-friendly interfaces are common problems with blockchain applications. Enhancing the user experience is crucial for gaining widespread acceptance, particularly in apps that interact with customers.

Utilization Examples and Achievements
Several businesses have adopted blockchain technology in spite of these obstacles:

• Financial Services: Financial firms are very interested in blockchain due to its ability to cut costs and streamline procedures. Projects like Ripple, which seeks to transform international payments, serve as examples of how blockchain is affecting the sector.
• Supply Chain Management: One of the main challenges in supply chain management is tracking the provenance of items and verifying their validity. Transparent and traceable supply chains are made possible by blockchain technologies, such as IBM's Food Trust, which boost productivity and consumer confidence.
  
• Healthcare: Blockchain has the potential to revolutionize the healthcare industry by securing patient data and streamlining the maintenance of medical records. Blockchain technology is being used by initiatives like Medicalchain to enable telemedicine and secure access to medical records.

Final Thought: Primetime Prospects
Blockchain technology has the ability to upend sectors and spur innovation, despite certain difficulties. With the ongoing development of scaling solutions, regulatory clarity, and interoperability standards, blockchain is progressively becoming a practical solution for practical uses.

Collaboration between technology developers, regulators, and industry stakeholders is essential to realizing blockchain's promise. Blockchain is positioned to become a cornerstone technology in the future digital economy with coordinated efforts to overcome its drawbacks and build on its advantages.

China: A Stablecoin Pilot?

 China: A Stablecoin Pilot?

MAY 6,2024

NR.BALOCH

Hong Kong's open, market-oriented, and internationally interconnected institutional structure, along with its well regarded monetary and regulatory agencies, make it an excellent choice for prototype financial ventures. The development of a stablecoin for usage in China's Greater Bay Area that is tethered to the offshore yuan is one such plan.

Hong Kong - As soon as possible, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) will set up a regulatory framework for stablecoin issuers operating in the region. Fintech companies and asset managers are apparently keeping a close eye on the initiative. Other administrations ought to follow suit.

One kind of cryptoasset called stablecoins is designed to keep its value consistent with a target currency. Stablecoins that are "collateralized" are supported by a reserve asset pool that may consist of commodities, other cryptoassets, or fiat money. However, not all stablecoins are supported by reserve assets. Unbacked stablecoins, on the other hand, aim to preserve a steady value by other strategies, like supply-limiting algorithms that establish a market value.

As of right now, stablecoins lack both a widely accepted standard and a legal structure to control them. However, the market is huge and expanding quickly. The estimated total market value of stablecoins has increased dramatically from $5.9 billion to over $130 billion since the start of 2020. Because of the US dollar's dominance in the market, stablecoins linked to it

With almost 70% of the market, Tether is in the lead, followed by USD coin with 20%. According to Tether, as of the end of September 2023, it had $86.4 billion in assets against $83.2 billion in liabilities. These assets included approximately $56.6 billion in US Treasury bonds, $5.1 billion in secured loans, $3.1 billion in precious metals, $1.7 billion in Bitcoin, and $2.3 billion in other investments. During the first quarter of 2023, the company declared a $1.4 billion profit.


Stablecoins aim to provide a more dependable substitute for cryptocurrencies such as Bitcoin, which are highly volatile and dependent on nothing. Collateralized stablecoins have "generally been less volatile than traditional cryptoassets," according to the Bank for International Settlements. Meanwhile,

Furthermore, as stated by the BIS, "users' stablecoins could not always be fully and instantly redeemed by stablecoin issuers." In the end, not one of the more than 200 stablecoins that are now in use satisfies the "essential requirements for being a reliable means of payment in the real economy" and a safe store of value.


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There is cause for optimism that Hong Kong could propel advancement. Since the Hong Kong dollar, the official currency of the region, is fixed against the US dollar, "Digital HKD" is effectively a stablecoin. (The Digital HKD was effectively treated as such in the September 2023 policy statement published by the HKMA.) Above all, Hong Kong's open, market-oriented, internationally interconnected institutional structure makes it an excellent choice for pilot projects. Its monetary and regulatory agencies are also highly recognized.

The development of a stablecoin based on the offshore renminbi for use in the Greater Bay Area, an economic region with a combined GDP of $1.9 trillion that consists of nine cities in Guangdong province surrounding the Pearl River Delta as well as Hong Kong and Macau, might be one such initiative. This "GBA stablecoin" can be easily traded for the US dollar, Hong Kong dollar, and offshore renminbi, and it could help with the creation, trading, and settlement of new digital financial instruments in Hong Kong. GBA stablecoin may be used to price financial items that are issued outside of China's mainland.

Under this plan, the financial goods and digital infrastructure—such as offshore bonds issued by GBA firms and local governments—would be sold in Hong Kong, while the majority of their underlying physical assets would be located in mainland China. This system is comparable to H-shares, which are Hong Kong-based stocks of vital mainland-based enterprises traded. In essence, what would emerge from this would be an offshore digital renminbi that is operational and gains from the increased trust in the market that comes from HKMA monitoring. Without endangering the stability of onshore renminbi, this would increase demand for offshore renminbi and hasten the internationalization of the yuan.

Together with its counterparts in mainland China, Thailand, and the United Arab Emirates, the HKMA has already carried out a six-week central bank digital currency (CBDC) experiment. One of the first multi-CBDC programs to settle real-value, cross-border transactions on behalf of enterprises was Project mBridge.

The monetary authorities are currently developing the mBridge platform to speed up cross-border retail or wholesale payments in response to the pilot's success. This shows that GBA stablecoin could support China's ambitious multi-country Belt and Road Initiative (BRI) with offshore financing and enable international trade and investment more generally with the right digital financial infrastructure, which makes use of distributed blockchain technology to enable "smart contracts."

The success of such a pilot would depend on the demands of banks, companies, investors, and consumers in addition to financial institutions' willingness to issue the stablecoins. Some people might be hesitant to use GBA stablecoin in the existing US dollar-based financial system. However, many market players, including those involved in BRI projects, are looking for a solid alternative to the US currency, including dollar-backed stablecoins, given America's geopolitically motivated weaponization of global banking.

Which stablecoins succeed will ultimately depend on how well the returns on equity and the risks attached to a particular coin are balanced. There is a lengthy trial and error procedure ahead.

America Has to Take the Lead in Crypto Regulation

America Has to Take the Lead in Crypto Regulation

MAY 6,2024

NR.BALOCH

The United States needs to utilize the upcoming year to encourage transparency and confidence in the digital asset market if it hopes to keep its position as a global rule-maker and avoid turning into a rule-taker. The United States of America has three options for preserving its competitive advantage in cryptocurrency: designation, regulation, and legislation.

Compared to 2022, which proved to be a catastrophic year for the digital asset markets, 2023 was marked by proactive regulatory measures and favorable industry advancements. The largest cryptocurrency exchange in the world, Binance, and US regulators have reached a deal that is expected to increase market-wide responsibility, openness, and confidence. In the meantime, the majority of international financial hubs have established precise rules for the cryptocurrency sector.

Even with this progress, if new regulations are not established in 2024, the US runs the risk of being an exception. Three possible avenues exist for policymakers to manage opportunities and hazards in the cryptocurrency market: designation, legislation, and regulation.

When US President Joe Biden issued his Executive Order on Ensuring Responsible Development of Digital Assets two years ago, it was a significant step toward bringing regulatory clarity. Despite the fact that almost all digital assets are valued in US dollars, legislative measures have since faltered, and the US has lagged behind other nations in industry regulation.

The irony is that international efforts to regulate the cryptocurrency market have been spearheaded by US-led organizations including the Financial Stability Oversight Council, the President's Working Group on Financial Markets, and the Financial Stability Board. Treasury Secretary Janet Yellen, who chairs the Financial Stability Oversight Committee, has also pushed Congress to move legislation governing stablecoins denominated in dollars. Chair of the Federal Reserve Jerome Powell has repeated these demands.

The potential concerns connected to cryptocurrency are highlighted by these calls for legislation, which are reinforced by international regulatory authorities. Utilizing blockchain and other cutting-edge technologies would be a better course of action than allowing the industry to collapse or imposing strict regulations, as some economists advocate. This is because it will ensure that financial services can meet market demand outside of regular banking hours, a challenge that is particularly relevant to international payments. Now that almost all of the world's largest banks, asset managers, fintechs, and payment services providers have created digital asset strategies, it is past due for US lawmakers to catch up and enact technology-neutral, morally-based laws that promote competition in the financial markets.

Congress must so provide federal regulatory bodies the authority to create market regulations. In spite of criticism from politicians such as former US President Donald Trump, who is expected to be the Republican Party's nominee for president in November, this involves investigating digital currencies issued by central banks. Along with modernizing state and federal banking and payment systems, it also entails developing regulations for digital wallets. In order to preserve America's competitive advantage and prevent a potential fintech "constitutional crisis," several steps are essential.

The necessity for prompt action has again been stressed by the Treasury Department. Deputy Secretary Wally Adeyemo urged Congress to address the risks associated with illicit operations sponsored by cryptocurrency in November, citing the lack of regulatory control and the opaque nature of some cryptocurrency products. These items are financial fentanyl at worst, and financial alchemy at best.

American interests are threatened by the lack of a US regulatory framework for dollar-referenced stablecoins, which are becoming more and more licensed in places like Singapore, Hong Kong, and the United Arab Emirates. This void might encourage the development of goods that circumvent US laws and take advantage of consumer confidence in the dollar, thereby serving as a haven for unscrupulous operators.

The US must, at the very least, make sure that foreign issuers of stablecoins pegged to the dollar abide by the Bank Secrecy Act, as well as applicable sanctions, anti-money laundering, and counterterrorism legislation. If not, digital dollars might compromise global security instead of reducing the technological threats brought about by dollar primacy.

However, the US needs to create new regulations before labeling cryptocurrency companies or technologies as dangers. Although open-source technologies have previously been categorized as national security threats, significant token issuers or exchanges have not yet been designated as systemically important financial institutions—a designation that would imply they are too large to fail. Rather than permitting unrestrained offshore or near-shore cryptocurrency operations to flourish or letting other nations establish the parameters for a business that is as fundamentally American as the

There is a lot of policy movement because to the stablecoin bill that the House Financial Services Committee advanced in July 2023. If this bill is approved by Congress with bipartisan support, it will be the greatest legislative chance to address the rise in cryptocurrency dollar counterfeiting. Furthermore, it might be America's last opportunity to continue dominating the markets for digital assets.


It will undoubtedly be challenging to move forward during a divisive presidential campaign. However, if the US wants to continue being a rule-maker rather than a rule-taker, digital asset policy must be advanced. This is especially important now that the Markets in Crypto-Assets (MiCA) framework of the European Union is about to take effect later this year, potentially producing a transatlantic gap in the regulation of digital assets.

This year's US policy agenda for digital assets must prioritize worldwide regulatory harmonization over regulation, legislation, and designation in order to avert such a result. However, without clear regulations and American leadership in the cryptocurrency business, these initiatives would inevitably fail.

BINANCE NEWS

MAY 5,2024

BY NR.BALOCH

BINANCE NEWS

Investors in altcoins have been the main victims of the latest slump in the cryptocurrency market, according to CryptoPotato, with many of them suffering losses. On the other hand, holders of meme coins, such Dogecoin (DOGE) and Shiba Inu (SHIB), are comparatively better off as a result of prior price hikes.


In spite of a strong start to the year and the halving of Bitcoin (BTC) last month, there has been a significant pullback in the cryptocurrency market. In little than a week, the main cryptocurrency's price dropped by 10% and fell below $60,000. Leading digital assets including Ripple (XRP), Solana (SOL), and Ethereum (ETH) are also sharply negative.

The top ten cryptocurrency projects with the highest number of holders that are now suffering paper losses were listed by market intelligence portal IntoTheBlock. Investors in Algorand (ALGO) led the

TOP 10 ALTCOIN NETWORKS IN APRIL

  

MAY 5 , 2024

BY NR.BALOCH 

The Top 10 Altcoin Networks in April by User Base are as follows: Ethereum is ranked sixth. Following the disappointing US job report, the cryptocurrency market surged driven by Bitcoin; nonetheless, research firm CryptoRank discovered the altcoin networks with the largest user bases in April. At the time this piece was written, the price of bitcoin was trading at $63,257, up around 7% in the previous day. The top altcoin networks and the number of users they had in April are as follows:

•  Tron (TRX): 54.7 million;
•  Near (NEAR): 53.8 million;
•  BNB (BNB): 35.5 million; 
• Solana (SOL): 35.2 million;
•  Polygon (MATIC): 33.6 million;

•  Ethereum (ETH): 12 million;
•  Base: 10.7 million;
•  zkSync Era: 9.8 million;
•  Arbitrum (ARB): 9.3 million; 
• Linea: 5.6 million

BITCOIN PRICE SWAYS BERORE THE FED

 

MAY 5,2024

BY NR.BALOCH 

 Bitcoin price sways before the Fed announces its rate decision The price of Bitcoin (BTC) dropped to $59,500 on Binance in advance of the Federal Open Market Committee (FOMC) meeting tomorrow. With forecasts for stable interest rates, market players are ready for the Federal Reserve (Fed) to adopt a more aggressive attitude. Only 4.4% of analysts, according to the CME FedWatch Tool, foresee a rate cut—the first in more than ten years—while a commanding 95.6% expect rates to remain unchanged between 525 and 550 basis points. The Kobeissi Letter reports that there is a 36% chance, based on current market data, that there won't be any interest rate decreases this year. It was just around 3% likely four months ago that present rates would be maintained. It is now anticipated that there will only be one decrease this year. Prior to now, the market

BlackRock Predicts Pensions and Sovereign Wealth Funds Will Invest in Bitcoin ETFs

 

MAY 3,2024

BY NR.BALOCH 

According to BlackRock's head of digital assets, the asset manager has been assisting in educating pension funds, endowments, and sovereign wealth funds about the new spot bitcoin ETF products.

According to Robert Mitchnick, head of digital assets at BlackRock, financial institutions are conducting research and diligence, and BlackRock is facilitating these discussions by providing education.
For a number of years, BlackRock has been discussing bitcoin with these kinds of organizations.
Although overtaking Grayscale's GBTC to become the largest spot bitcoin ETF would be a noteworthy accomplishment, BlackRock claims it isn't really focused on the size rivalry.

The first pause in inflows into spot bitcoin exchange-traded funds (ETFs) after 71 straight days should not be taken lightly. The world's largest asset management firm, BlackRock, has Robert Mitchnick, its head of digital assets, predict a fresh wave of investors to follow the present one.
According to Mitchnick in an interview, financial institutions including endowments, pension funds, and sovereign wealth funds may begin trading in-the-spot ETFs in the upcoming months. According to the firm, there has been a "re-initiation of the discussion around bitcoin," centered around the subject of investing in bitcoin (BTC) and how to approach it from the standpoint of portfolio construction.

Read Also: BlackRock's Bitcoin ETF Reports Record $563M Exit From U.S. Spot Products on First Day of Outflows

"We're playing a role from an education perspective, and many of these interested firms—whether we're talking about insurers, other asset managers, sovereign wealth funds, pensions, endowments, or family offices—are having ongoing diligence and research conversations," Mitchnick stated. Nor is the interest brand-new: He noted that BlackRock has been discussing bitcoin with these kinds of organizations for a number of years.

Since these products were approved in January, more than $76 billion has been amassed across them due to pent-up demand for the highly anticipated ETFs. BlackRock's IBIT ETF is now available for purchase through a small number of registered investment advisors (RIAs), a subset of wealth advisory services, but only upon request. The unrestricted selling of bitcoin ETFs to clients of major financial advice firms is anticipated to be the next phase.

AUM Horse Race
The ETF assets under management (AUM) horse race has garnered a lot of attention on social media, especially when comparing IBIT to Grayscale's GBTC, which is regarded as an incumbent due to its uplisting of the current BTC trust to an ETF. IBIT was valued at $17.2 billion and GBTC at roughly $24.3 billion as of the most recent count.
Grayscale substitutes account for a significant portion of the current IBIT assets. Additional sources might include withdrawals from more expensive foreign goods in Europe or Canada, and some of it originates from the recycling of bitcoin futures ETFs into spot items.

According to Mitchnick, some current bitcoin owners would prefer to keep their cryptocurrency in a brokerage account rather than deal with custody issues, complicated tax reporting, or other difficulties that come with owning it on an exchange. While dominating the market for bitcoin exchange-traded funds would be a noteworthy accomplishment, he added that BlackRock is more concerned with educating its customers than it is with competing in that space.

Supporting Ethereum, BlackRock submitted an application for an ether (ETH) exchange-traded fund (ETF) in November of last year. Later, CEO Larry Fink discussed the possibilities of tokenization—the representation of conventional assets on blockchains.
With the intricacy of the Ethereum blockchain environment, however, an ether ETF begs the question of how BlackRock would instruct clients. Furthermore, if a spot bitcoin ETF had already increased the Sharpe ratios of investors' portfolios, why would they desire exposure to another crypto ETF? The ratio calculates an investment's return after adjusting for risk.

"We see digital assets as having the potential to benefit our clients and capital markets, with a focus on three areas: tokenization, stablecoins, and cryptoassets," Mitchnick stated. And there is a connection between each of these pillars. It is critically vital that people comprehend that. Additionally, the work we accomplish in each area influences our approach and our understanding of the others.

CRPTOCURRENCY INVESTMENT: 4 -TIPS TO INVESTMENT EFFECTIVELY IN DIGITALASSETS

 MAY 1,2024

BY NR.BALOCH 

1. Introduction to Crypto Currency Investment

•  Understanding the basics of cryptocurrency
•  Importance of investing in digital assets

2. Research and Education

•    Conducting thorough research
•    Learning about different types of cryptocurrencies
•   Understanding market trends

3. Risk Management

•   Setting investment goals
•    Diversifying your investment portfolio
•   Avoiding emotional decision-making  

4. Choosing the Right Platform

•     Evaluating cryptocurrency exchanges
•     Considering security measures
•     Analyzing transaction fees

5. Staying Updated

•     Following cryptocurrency news and updates
•     Joining online communities and forums
•    Networking with other investors

6. The advantages of long-term investing **Long-term vs. Short-term Investment Strategies** 

•   Possible drawbacks to trading briefly

7. Technical Analysis

•     Understanding charts and graphs
•     Identifying support and resistance levels
•     Using indicators to make informed decisions

8. Creating a Solid Investment Plan

•     Setting realistic expectations
•    Allocating funds wisely
•    Reassessing your plan regularly

9. Avoiding Scams and Fraud

•    Recognizing common scams in the crypto space
•    Verifying the legitimacy of projects
•    Protecting your private keys and passwords

10. Seeking Professional Advice

•    Consulting financial advisors
•    Joining investment groups or clubs
•    Utilizing online resources

11. Psychological Factors in Investment

•      Controlling fear and greed
•      Maintaining a disciplined approach
•      Handling losses and setbacks

12. Understanding Market Volatility

•      Causes of price fluctuations
•      Strategies to navigate volatility
•      Embracing uncertainty

13. Regulatory Considerations

•      Keeping up with changing regulations
•      Adhering to tax requirements

•    Legal implications of cryptocurrency investment

14. Building a Strong Community

•      Collaborating with other investors
•      Sharing knowledge and experiences
•      Fostering a supportive environment

15. Conclusion

•     Recap of key points
•      Encouragement for effective cryptocurrency investment

Investing in Cryptocurrencies: 4 Strategies for Profitable Digital Asset Investing

Investing in cryptocurrencies has become very popular recently, providing people with an other means of increasing their money. But entering the realm of digital assets can be intimidating, particularly for those who have never done it before. Investors can maximize their earnings by navigating this difficult landscape with the appropriate methodology. We'll look at four key suggestions in this post to assist you in making profitable cryptocurrency investments.

1. Introduction to Crypto Currency Investment

It's important to understand the basics of investing in digital assets before getting into the intricacies. Cryptocurrency is a type of virtual or digital money that runs without the help of central banks and uses encryption for security. Cryptocurrencies, in contrast to fiat money, are decentralized and rely on blockchain technology for immutability and transparency. 

 

Investing in cryptocurrency entails making purchases of digital assets in the hope of making money later. A wide spectrum of investors, from seasoned traders to novices pursuing financial independence, have been drawn to the attraction of large returns. To reduce dangers, nevertheless, investing in cryptocurrencies must be done so cautiously and diligently.

Investing in cryptocurrencies involves purchasing digital assets with the expectation of future profit. The allure of high returns has attracted a diverse range of investors, from seasoned traders to newcomers seeking financial independence. However, it's essential to approach cryptocurrency investment with caution and diligence to mitigate risks.

2. Research and Education

Extensive study and ongoing education are two essential components of a profitable bitcoin investment strategy. Take the time to learn the nuances of the market before investing your hard-earned money. Learn about the many kinds of cryptocurrencies, such Bitcoin, Ethereum, and Ripple, first. 

 

Examine whitepapers, which offer comprehensive details about the technology, goals, and possibilities of different cryptocurrency projects. Additionally, monitor reliable sources and forums where people discuss cryptocurrencies to stay up to date on market trends and changes.

3. Risk Management

Managing risk well is essential while making cryptocurrency investments. Even if there is a chance for big returns, it's important to approach investing with a defined plan and reasonable expectations. Start by determining your investment objectives in accordance with your time horizon, risk tolerance, and financial status. 

 

An additional crucial component of risk management is diversification. To lessen the effects of volatility, distribute your investment over several asset classes and cryptocurrencies. Furthermore, keep in mind that snap decisions motivated by feelings like greed or fear might result in large losses.

Diversification is another key aspect of risk management. Spread your investment across different cryptocurrencies and asset classes to mitigate the impact of volatility. Moreover, avoid making impulsive decisions driven by emotions such as fear or greed, as they can lead to significant losses.

4. Choosing the Right Platform

Choosing a trustworthy cryptocurrency exchange is essential to a smooth investing process. Investigate the reputation, security protocols, and transaction costs of several platforms in-depth. Seek out exchanges that provide strong security features like cold storage of funds and two-factor authentication. 

 

Make sure the trading tools and user interface that various exchanges offer complement your investment plan. Transaction fees are another important consideration because they have the potential to gradually reduce your earnings. You may simplify your trading operations and protect your investments by selecting the appropriate platform.

Conclusion

To sum up, investing in cryptocurrencies has profitable prospects for those looking for large returns and diversification. You may confidently navigate the complexity of the cryptocurrency market by following the advice provided in this article, which includes doing research, practicing risk management, selecting the appropriate platform, and remaining informed. To optimize your success, keep in mind to approach investing with a long-term perspective and adjust to shifting market conditions. 

 

 Frequently Asked Questions (FAQs) 

 

1. **Is investing in cryptocurrencies appropriate for beginners?** - Investing in cryptocurrencies can be appropriate for beginners, but in order to successfully reduce risks, it takes extensive research and education. 

 

2. **What are the dangers involved in investing in cryptocurrencies?** - dangers include volatile markets, unclear regulations, security lapses, and the possibility of fraudulent schemes. 

 

3. **How can I safeguard my cryptocurrency holdings against