https://dailyhodl.com/2023/09/26/bitgo-ceo-says-political-pressure-not-the-law-preventing-spot-bitcoin-etf-approval/

The CEO of crypto exchange BitGo, Mike Belshe, is offering his opinion on why a spot Bitcoin (BTC) exchange-traded fund (ETF) has yet to be approved by the U.S. Securities and Exchange Commission (SEC).

In a new interview on Kitco News, Belshe says politics are playing a major role as to why there’s no spot-based Bitcoin ETF existing in the US.

“It’s political. It’s not actually a matter of law. And that’s why it’s very difficult to predict whether an ETF is going to be approved…

That means there is political pressure that has nothing to do with what’s written or the regulation that’s written. And instead, it’s about people’s influence inside of Washington.

So right after Biden was elected, remember Senator [Elizabeth] Warren showed up and very publicly said ‘We’re going to unwind all that crypto stuff,’ and she encouraged Biden to do that.

She’s very much in the center of a lot of what’s going on with the SEC and also with the Biden administration. There’s political influence that’s happening. The laws didn’t change and yet the rules did.”

According to Belshe, “predictable and understandable” rules are necessary to maintain America’s economic competitiveness and the US dollar’s status as the global reserve currency.

“America should strive for legislation that sets up regulation. And the regulation should have rules that are clear and easy for everyone to understand.

And just because you have a new administration the rules don’t change without changing the text. That’s where we should be. I think Democrats, Republicans should all be able to get behind that. It’s a pretty simple concept.”

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The post BitGo CEO Says Political Pressure, Not the Law, Preventing Spot Bitcoin ETF Approval appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/23/this-catalyst-will-catapult-bitcoin-and-have-a-dramatically-positive-impact-on-altcoins-anthony-scaramucci/

SkyBridge Capital founder Anthony Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin (BTC) and other crypto assets.

In an interview with The Wolf of All Streets’ Scott Melker, Scaramucci says that a spot Bitcoin exchange-traded fund (ETF) could be approved in the first quarter of 2024.

According to the SkyBridge Capital founder, the approval of a spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of 2024, could combine to ignite a crypto bull market.

“As a Wall Streeter, products on Wall Street are sold, they are not bought. And so there’s going to be tens of thousands, if not a 100,000+ people at these Wall Street firms selling these products to their traditional investors.

So people that are in Bitcoin understand the finite supply of Bitcoin, understand the nature and the quality that Bitcoin has. This will push Bitcoin up and of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties.

So people can think whatever they want. They can think short term about the near-term volatility of Bitcoin but these macro positive factors are overwhelming.”

According to Scaramucci, the potential approval of spot Bitcoin ETFs filed by giant asset managers such as BlackRock and Fidelity Investments could see the flagship crypto asset increasing its market capitalization by roughly 24 times from the current level.

“It’s important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin.

But even more important than that, they’re willing to explain to their clients – I think BlackRock now [has] $13 trillion [in assets under management] for them, $7 trillion for Fidelity – why their clients need exposure to digital properties like Bitcoin.

And so we have a $500+ billion market for Bitcoin. You and I both know gold is $12-ish depending on where it’s trading. But it’s $12 trillion. There’s no reason why Bitcoin couldn’t get to gold.”

Bitcoin is trading at $26,624 at time of writing.

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The post This Catalyst Will Catapult Bitcoin and Have a ‘Dramatically’ Positive Impact on Altcoins: Anthony Scaramucci appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/23/is-ethereum-bottom-in-top-analyst-reveals-the-no-questions-asked-level-he-will-start-reaccumulating-eth/

A top crypto analyst is detailing his outlook on Ethereum (ETH) amid tepid price movements in the crypto market.

In a new video, pseudonymous analyst Bluntz says that Ethereum is likely witnessing the final stage of a corrective move while trading within an ascending triangle pattern.

According to the analyst, Ethereum could print a bullish higher low setup to cap off the correction before breaking out and rallying to a fresh all-time high.

“If ETH did pop down to one more new low and wicked that level at $1,430, $1,440, I would definitely, no questions asked, be looking to buy for some longer-term bags because overall I do still think that the major bottom is in and this is probably some kind of accumulation period here [between roughly $1,400 to $2,000] and then that would then would be buying the bottom of the range.

On this next leg down, I’d be positioning myself to take longs to potentially new all-time highs.”

On the likely price action of Ethereum over the short term, the pseudonymous crypto analyst and trader says,

“Right now I think probably we’re probably still in chop here. I do think we’re probably going to go sideways for a bit longer and then break down to a new low [at around $1,430].”

Ethereum is trading at $1,595 at time of writing.

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The post Is Ethereum Bottom In? Top Analyst Reveals the ‘No Questions Asked’ Level He Will Start Reaccumulating ETH appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/22/trader-warns-one-blue-chip-altcoin-is-hanging-on-for-dear-life-updates-outlook-on-bitcoin-and-ethereum/

Widely followed pseudonymous trader Altcoin Sherpa is issuing a warning on three of the top ten crypto assets by market cap.

Altcoin Sherpa tells his 196,400 followers on the X social media platform that Binance Coin (BNB), the native token of Binance Smart Chain and a utility token on the Binance crypto exchange, is “hanging on for dear life.”

“I think it’s best to stay away from this one in the short term. I still think Binance is likely okay but it’s important to be cautious during these uncertain times.”

The analyst’s chart suggests that the fourth-largest crypto asset by market cap lacks upward momentum after failing to break through the resistance level at around the $330 price six times since May of 2022. Meanwhile, Altcoin Sherpa’s chart shows that BNB has broken below a two-month-long range, with the next support level over 10% below its current price.

BNB is trading for $210 at time of writing.

Turning to Bitcoin (BTC), Altcoin Sherpa says that he is bullish on the flagship in the near term.

“BTC: Still of the opinion this is going to go to $28,000 overall. Four-hour exponential moving averages all looking decent in the short term and not overextended; I think that we see another push-up.”

Bitcoin is trading at $26,717 at time of writing.

In the case of Ethereum (ETH), the trader says that the price performance of the second-largest crypto asset by market cap against Bitcoin is likely to determine what altcoins do next.

“ETH: The time is soon to buy altcoins for a run in my opinion… would like to see ETH/BTC come a bit lower and then look for a decent sized altcoin run by the end of this year.”

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The post Trader Warns One Blue-Chip Altcoin Is ‘Hanging On for Dear Life’, Updates Outlook on Bitcoin and Ethereum appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/22/bitcoin-facing-an-800-pound-gorilla-downside-risk-says-bloomberg-analyst-mike-mcglone-here-are-his-targets/

Bloomberg Intelligence’s senior macro strategist Mike McGlone is issuing a warning on the value of Bitcoin (BTC).

In a new Understanding Macro interview, McGlone says that Bitcoin is now facing a monetary policy environment of rising interest rates after coming of age in an era of historically low-interest rates.

According to the macro analyst, the price of Bitcoin is now in the “process of reverting.”

“The key thing is 800-pound gorilla… the Federal Reserve is still tightening. So I think this process of reversion is in place.”

When interest rates are high, risk assets such as Bitcoin typically tend to fall in price as they become less attractive to investors who now have relatively safer assets offering enhanced returns such as government paper to put their money into.

McGlone says that consequently Bitcoin could drop by over 5% from the current level and trigger a flight from other risk assets.

“I think it’s at risk of dropping below $25,000 and taking everything risk with it.”

On Bitcoin’s future, the Bloomberg Intelligence analyst says,

“The pump in the price [of Bitcoin] was excessive. And we’ve seen that in Amazon [online retailer’s stock]. We’ve seen that in all risk assets and I think it’s still going to be the leading indicator.

At some point, I think it’s going to turn around and trade more like gold and treasury bonds… we’ve had a bounce this year and it’s starting to roll back over.”

Bitcoin is trading for $26,778 at time of writing.

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The post Bitcoin Facing an ‘800-Pound Gorilla’ Downside Risk, Says Bloomberg Analyst Mike McGlone – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/21/significant-downside-move-for-ethereum-against-bitcoin-looming-says-benjamin-cowen-here-are-his-targets/

Crypto analyst Benjamin Cowen is saying that Ethereum (ETH) is likely to significantly underperform Bitcoin (BTC) over the near term.

Cowen tells his 787,000 YouTube subscribers that a severe plunge by the Ethereum/Bitcoin (ETH/BTC) pair could mark the end of the downward movement of altcoin prices.

“I myself will flip bullish on the Ether/Bitcoin pair. it’s just that at this phase of the cycle I think it’s more likely to keep going down than to go up in the short term. That’s my view…

When I look at this chart, it simply looks like there’s a much more likely chance that it breaks to the downside…

At some point in this fade, we likely get a more significant move to the downside to mark the end of the altcoin reckoning.”

According to the widely followed crypto analyst, if the ETH/BTC pair mimics the price action demonstrated during the 2018/2019 bear market, it could plunge by around 35% from its 2022 low.

“Just for the record 35% below that wick [2022 low] would put you at around 0.03200000 BTC.

I think there’s still reason to believe that something like that could happen, that the Ether/Bitcoin pair could see a significant sell-off into the end of the year where it completely takes out this wick [0.04908000 BTC] and a lot of people might think that that wick is going to be the low. And then we just end up going lower.”

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The post Significant Downside Move for Ethereum Against Bitcoin Looming, Says Benjamin Cowen – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/21/trader-issues-warning-on-ethereum-based-altcoin-thats-soared-over-300-in-a-month-updates-outlook-on-bitcoin/

A widely followed crypto analyst is putting traders on notice regarding one Ethereum (ETH)-based Chainlink (LINK) rival.

The analyst and trader pseudonymously known as Altcoin Sherpa tells his 196,400 followers on the social media platform X that the decentralized oracle protocol Tellor Tributes (TRB) is setting up for a correction after rallying by slightly over 300% from mid-August.

“TRB: These crazy games are going to unwind eventually but this one had a big run given market maker activity. Looking for shorts around $40 – $45.”

In an attached chart, Altcoin Sherpa appears to be suggesting that Tellor Tributes could first rally toward the high of around $45 reached earlier this month before dropping to under $28.

Tellor Tributes is trading at $38.45 at time of writing.

Turning to Bitcoin (BTC), the pseudonymous trader says that the flagship crypto asset is primed to break above a key resistance level.

“BTC: This squiggly is coming through. $28,000 is coming, don’t fight it.”

Bitcoin is trading at $27,120 at time of writing.

On Bitcoin, crypto analyst Ali Martinez is also expressing a similar sentiment to Altcoin Sherpa. According to Martinez, BTC’s on-chain activity is currently suggesting the early stages of a bull run are underway.

“Bitcoin – A bull run is often characterized by increased on-chain activity!

This can be spotted when the monthly average of new wallets (red) surpasses the yearly average (blue), which indicates strengthened network fundamentals and increased use.

Notice that BTC on-chain activity is expanding despite stagnant prices, suggesting the BTC bull run may soon resume!”

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The post Trader Issues Warning on Ethereum-Based Altcoin That’s Soared Over 300% in a Month, Updates Outlook on Bitcoin appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/20/former-us-treasury-secretary-larry-summers-says-hes-nervous-about-inflation-and-federal-reserves-next-move/

Former United States Secretary of the Treasury Larry Summers is expressing apprehension about the inflation outlook in the world’s largest economy.

In an appearance at the All-In Summit 2023, Summers says that the Federal Reserve might be wrong in its views regarding the effectiveness of the measures it has taken to address inflation.

“I think there’s a larger, probably, risk that we don’t really have inflation on a secure path down below 3.5% and that the Fed thinks it’s got it under control and it doesn’t. And it’s going to have to go back to raising rates. So I’m nervous.”

As gaining control over inflation becomes less and less probable, Summers says the US economy is likely to slip into a recession based on historical precedent.

“There’s never been a time when inflation was above 4% and unemployment was below 4% and the US economy didn’t go into recession before that situation was resolved.”

The former treasury secretary also says that the Federal Reserve is to blame for putting the US monetary policy on the wrong path. He says the Fed bit off more than it could chew and is now attempting to put the economy back on course.

“I think that what we did in 2021 when the government basically infused $2.9 trillion into a rapidly recovering economy and when the Fed promised it was going to keep interest rates at zero till 2024, and when the Fed bought bonds on a massive scale, that put us way off course.

Since then we’ve been working our way on the monetary policy side back to course in basically reasonable ways.”

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https://dailyhodl.com/2023/09/19/crypto-exchange-coinex-promises-generous-bug-bounty-reward-to-hacker-following-70000000-exploit/

Days after suffering a security breach, crypto exchange CoinEx is attempting to reach out to the hackers responsible for the incident.

In an open letter to the hackers, CoinEx says it is ready to reward the perpetrators of the theft with a “generous bug bounty” if the stolen assets are returned.

“We hope you recognize the impact of this event on each one of those users. We would appreciate it if you understand the concerns and frustrations of these affected users. We sincerely invite you to work with us to resolve this issue in a more secure, more reasonable, and more user-friendly manner. We encourage you to communicate and negotiate with us actively on the blockchain or through our official email address.”

According to CoinEx, the losses incurred from the security breach are estimated to be approximately $70 million.

“Preliminary assessments indicate unauthorized transactions involving Ethereum (ETH), Tron (TRON), and Polygon (MATIC). The precise amount of the loss is still being determined, and the affected fund is just a very small portion of CoinEx’s total assets.”

While assuring affected users that they will be fully compensated for any losses, CoinEx has also released details on the resumption of withdrawals.

“Caution: any claims stating that CoinEx has resumed withdrawal services are false and scam-related….

We’ve finalized our strategy to resume withdrawals and are set to progressively resume these services within seven working days. Ensuring 100% asset security remains our top priority before reactivating withdrawal functionalities.”

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The post Crypto Exchange CoinEx Promises Generous Bug Bounty Reward to Hacker Following $70,000,000 Exploit appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/16/cryptos-summer-of-apathy-could-turn-to-winter-of-discontent-says-meltem-demirors-heres-what-she-means/

CoinShares chief strategy officer (CSO) Meltem Demirors is issuing a warning on the crypto markets after a summer of relatively muted volatility.

In a new Bloomberg interview, Demirors says that there’s a high level of uncertainty in the crypto industry and it is putting off various market participants.

“Sentiment is expressed as flow in the market and if we look at flows, I jokingly call it the summer of apathy – the summer that we just had – despite all of this great news, we did see flows into crypto structured products and a pop in Bitcoin when we saw the BlackRock [spot Bitcoin exchange-traded fund (ETF) application] news.

But over the last month, we’ve seen $300 million in outflows. Last week, 70% less trading volume in publicly listed crypto products, and we’re also down 30% in trading volume on the spot and derivatives side.

That’s summer of apathy with all of this uncertainty… There’s just a lot of uncertainty and right now what we’re seeing is that summer of apathy has the potential to turn into a winter discontent as we continue to see investors, traders, market makers, sitting on the sidelines.”

According to the CoinShares CSO, there’s consensus among both Democrats and Republicans that the US lawmakers need to offer the crypto industry regulatory certainty.

“I do think we’re both parties agree and where we’re seeing a lot of agreement is that something needs to be done. I’ve been in this industry for almost a decade. I live in the United States. I’ve built multiple businesses dealing with crypto in the United States. I don’t want to have to consider moving just because we can’t get our stuff together on the policy side.

It’s very clear that we need something cohesive, and it has to come from Congress because it’s clear that the alphabet soup of agencies simply is not going to agree.

And again, I’m kind of scared to see how all this is going to get untangled because, at this point, there are so many lawsuits, so many cases, so many different precedents being set, it’s really going to take this being a bipartisan effort everyone coming together to get something done.”

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The post Crypto’s ‘Summer of Apathy’ Could Turn to ‘Winter of Discontent’, Says Meltem Demirors – Here’s What She Means appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/16/nowhere-to-hide-altcoins-to-keep-getting-wrecked-against-bitcoin-as-brutal-trend-persists-benjamin-cowen/

Widely followed crypto analyst Benjamin Cowen believes altcoins are not yet done trending down against Bitcoin (BTC).

In a new video, Cowen tells his 788,000 YouTube subscribers that the bearish trend that altcoins are witnessing in their Bitcoin pairs is a regular occurrence ahead of the halving.

“Remember, in pre-halving years what happens when Bitcoin pumps? It breaks altcoins off of their Bitcoin support levels so that when Bitcoin goes back down, those altcoins just simply have nowhere to hide. The altcoins just continue to get wrecked on their Bitcoin pairs and they go lower.”

The Bitcoin halving, which slashes BTC miners’ rewards in half, occurs every four years and the next one is slated for April 2024.

To illustrate the extent to which altcoins have depreciated against the flagship crypto asset, Cowen shows the performance of Cardano versus Bitcoin (ADA/BTC) over the past year.

“Look at the ADA/BTC trend here. It moves up, it then goes down and puts in a new low. It moves up and then goes down and puts in a new low. It moves up and then goes down and puts in a new low. Like 40% drops approximately. And it just keeps happening, it just keeps happening.

You must be aware of this trend. it’s a brutal trend.”

Cowen also explains why he believes that altcoins will continue to lose value against Bitcoin. The analyst says that crypto market participants will likely keep on shifting their capital away from altcoins in favor of BTC.

“The reason that we see these [Bitcoin] pumps in the pre-halving year is not because there’s a lot of new liquidity coming into the market. It’s just because a lot of people are converting their altcoins to Bitcoin.

For the first half of the year [before the halving year], there’s sufficient liquidity in the altcoin market to continue to lead to new yearly highs for Bitcoin/US dollar. But eventually, the altcoin market is bled dry.”

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The post ‘Nowhere To Hide’ – Altcoins To Keep Getting Wrecked Against Bitcoin As ‘Brutal Trend’ Persists: Benjamin Cowen appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/15/top-trader-says-hes-reaccumulating-one-solana-based-altcoin-thats-up-over-500-in-three-months-heres-why/

A top crypto trader says that he is reaccumulating one Solana (SOL) ecosystem crypto and another under-the-radar altcoin.

Pseudonymous trader The Flow Horse, formerly known as Cantering Clark, tells his 182,400 followers on the social media platform X that the Solana-based sports betting and online gambling platform Rollbit (RLB) and crypto claims trading and derivatives marketplace Open Exchange (OX) are currently attractively priced after undergoing corrections of between 30% and 60%.

“Started buying back OX and RLB.

American football season is starting which ideally should bring attention to Rollbit as crypto futures dry up more, both venues are still underpriced, and the expected dip has been generous.”

RLB is trading at $0.143 at time of writing, down by around 30% from its all-time high reached in August. Since mid-June, RLB has rallied by around 521%.

OX is trading at $0.0328 at time of writing, down by around 60% from its all-time high recorded last month.

On why he believes OX is underpriced, the pseudonymous analyst says,

“Crypto Twitter will buy all types of meaningless garbage, so my alarm bells go off with something being unanimously hated. It just means that it is under-allocated for the time being, and I would not put it past the people behind the token to use it as a signaling mechanism.”

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The post Top Trader Says He’s Reaccumulating One Solana-Based Altcoin That’s Up Over 500% in Three Months – Here’s Why appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/15/analyst-who-nailed-2022-crypto-bottom-unveils-new-long-position-on-bitcoin-here-are-his-targets/

An analyst who predicted the crypto bottom in November of 2022 is re-entering the market after Bitcoin (BTC) briefly dropped below the $25,000 support level earlier this week.

Pseudonymous crypto strategist DonAlt tells the 53,100 subscribers of the TechnicalRoundup YouTube channel that he faced two choices before he opened a new position on Bitcoin.

“We’re at the point where you could make an argument for buying here [around $26,000]. And if you’re wrong you get stopped out and you get to buy at $19,000.

The problem with kind of not doing anything, and the reason why I took a trade – I bought like a little bit, not too much, but a little bit of Bitcoin – is, basically, because I’m just guessing that I will not get an entry otherwise.”

The analyst says if his trade idea is proven correct, he will exit his trade after hitting a profit level running into the double-digit percentage points.

“The target is above $30,000, I’ll see how how it goes.”

Bitcoin is trading at $26,342 at time of writing.

According to DonAlt, “capitulation proper” will ensue if the trade idea is invalidated at around 5% south of the current level.

“I’m not too bullish. I’m not too bearish. The reason why I kind of think this is an interesting trade in general is, basically, because I think if this fails… if you break down here [below $24,900]… I think we’re going to start capitulating.

And then we’re going to start capitulating proper. And we’re going to go to $20,000. So you basically have an invalidation around $25,000 right now.”

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The post Analyst Who Nailed 2022 Crypto Bottom Unveils New Long Position on Bitcoin – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/14/bloomberg-analyst-issues-bitcoin-warning-says-btc-has-hit-exit-signal-and-could-go-even-lower/

Bloomberg Intelligence’s crypto market analyst Jamie Coutts is issuing an alert on Bitcoin, warning that BTC is becoming vulnerable to contracting global liquidity.

Coutts says on the social media platform X that Bitcoin hit the market “exit signal” around mid-July at a price of $29,500, a level that’s about 11% higher than current prices.

“Our trend model is still out of the market (negative) from $29,500.”

Bitcoin is trading at $26,187 at time of writing.

According to Coutts, Bitcoin is only likely to turn bullish when the level of global liquidity expands.

“Meanwhile the global liquidity contraction (money supply and central bank balance sheets) has slowed, but is still deeply negative. Until this reverses, Bitcoin is unlikely to go higher. Likely lower.”

On the liquidity levels in the US, Coutts says,

“And although the US Liquidity index is higher recently, it’s simply whipping around in a sideways range and therefore signals are basically noise, unless there is a meaningful push higher, which would likely only come with a policy change from the Federal Reserve. Not likely in the short term.”

The Bloomberg Intelligence analyst says that while the anticipated approval of a spot Bitcoin exchange-traded fund (ETF) in the US could potentially be a positive catalyst over the long term for crypto markets, demand for digital assets from institutional investors is unlikely to be significant until liquidity rises.

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The post Bloomberg Analyst Issues Bitcoin Warning, Says BTC Has Hit ‘Exit Signal’ and Could Go Even Lower appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/14/bitcoin-printing-fakeout-rally-into-death-cross-says-top-crypto-analyst-benjamin-cowen-here-are-his-targets/

Crypto strategist Benjamin Cowen says that Bitcoin (BTC) will experience brief moments of bullishness even as the overall trend remains bearish.

Cowen tells his 787,000 YouTube subscribers that after the death cross formed earlier this week, the flagship crypto asset could still witness “occasional rallies.”

A death cross occurs when the 50-day moving average crosses below the 200-day moving average.

The widely followed crypto analyst says that Bitcoin’s bounce earlier this week of about 7% from a three-month low of around $24,917 to $26,575 is one such rally.

“The sort of the typical death cross rally has materialized and from here I guess we’ll just see what sort of what sort of move it has in store. And it could be any number of things…”

Bitcoin is trading at $26,134 at time of writing.

Cowen says that there are three scenarios that could play out after the “death cross rally” and this includes Bitcoin continuing to go up by up to 12% from the current level.

“You could make the case that it [Bitcoin] sort of just fades around these levels [around $26,700] and then goes back down [to below $24,500].

Perhaps it goes up to that 50-day moving average near where this move was back over here [above $27,500]… that would be closer to $27,600, $27,700, before moving down.

Or, this would sort of be the more optimistic scenario – go all the way back up to just below this break breakdown point [around $29,200] and then fade back down.

So all three of those scenarios, I think, are possibilities.”

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The post Bitcoin Printing Fakeout Rally Into Death Cross, Says Top Crypto Analyst Benjamin Cowen – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/13/coinbase-says-sec-is-costing-the-us-millions-of-jobs-and-pushing-opportunities-offshore/

Crypto exchange Coinbase says that the U.S. Securities and Exchange Commission’s (SEC) enforcement-only approach is negatively impacting America.

In a new blog post, Coinbase says that “while the majority of the world’s economic powers are embracing a technology that can increase economic opportunity, the SEC’s regulation by enforcement-only approach is costing the US millions of jobs and pushing opportunity offshore.”

According to Coinbase, the SEC is pursuing an enforcement-only approach despite its chair Gary Gensler testifying to the U.S. House Committee on Financial Services in May of 2021 that domestic crypto exchanges “do not have a regulatory framework either at the SEC or our sister agency, the U.S. Commodity Futures Trading Commission (CFTC).”

Says Coinbase,

“The enforcement-only approach continues despite 9 in 10 Americans believing it’s time to update a financial system so as to make it more fair and where progress is being slowed down by the status quo.

This enforcement-only approach continues despite 52 million people – or 1 in 5 Americans – owning crypto.

This enforcement-only approach continues despite courts having ruled against the SEC in a number of high-profile instances, including the Grayscale case where the court found that the SEC acted in an ‘arbitrary and capricious’ manner.”

According to Coinbase, a legislative approach is the “best way” forward.

“Despite the SEC’s enforcement-based approach, Congress is stepping up to advance comprehensive crypto legislation. These efforts are critical to ensure the US does not fall further behind other jurisdictions.

A legislative approach to creating crypto regulation is the best way to ensure consumer protection, and also ensure that digital asset innovation and the jobs created by it remain in the US.”

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The post Coinbase Says SEC Is Costing the US Millions of Jobs and Pushing Opportunities Offshore appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/12/us-government-forces-teen-sim-swapper-to-forfeit-millions-in-bitcoin-btc-and-a-sports-car-report/

A US federal court has reportedly ordered a SIM hijacker who allegedly stole crypto worth millions of dollars while in his teens seven years ago to surrender the proceeds of his crimes.

According to a report from The San Francisco Standard, Ahmad Wagaafe Hared stole digital assets, including Bitcoin (BTC), from cryptocurrency executives and investors living in Northern California alongside two co-conspirators in 2016.

At the time, Hared was reportedly residing in Tucson, Arizona.

The report says that Hared and his co-conspirators would first get their target victims’ personally identifying information. They would subsequently contact wireless carriers and impersonate their victims to get the victims’ phone numbers transferred to a SIM card Hared and his co-conspirators controlled – a type of fraud known as SIM hijacking or SIM swapping.

Once they were in possession of their victims’ phone numbers, Hared and his co-conspirators would then gain access to their victims’ email accounts and other accounts.

And once they had their victims’ email addresses and other accounts under their control, the SIM hijackers would subsequently go on to access their victims’ crypto assets and steal them.

The federal court order now requires Hared to forfeit 119.8 Bitcoin worth $3.09 million, 93,420 Stellar (XLM) worth $12,238 and a luxury car, per the report.

Bitcoin is trading at $25,804 at time of writing, while Stellar is worth $0.131.

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The post US Government Forces SIM Swapper To Forfeit Millions in Bitcoin (BTC) and a Sports Car: Report appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/09/bitcoin-on-the-cusp-of-a-final-correction-predicts-crypto-analyst-michael-van-de-poppe-here-are-his-targets/

Crypto analyst Michaël van de Poppe says that Bitcoin (BTC) could witness one last steep move to the downside.

In a new video, Van de Poppe tells his 162,000 YouTube subscribers that Bitcoin could fall by up to around 10% from current levels for the “final correction.”

According to the analyst, long-term Bitcoin bulls should see the correction as an opportunity to add to their BTC stacks.

“Bitcoin is currently at $25,000…

We’ve got a delay on the spot ETFs (exchange-traded funds) for Bitcoin. We are getting an announcement for the ETH Futures ETFs in approximately three to four weeks from now. Spot ETH ETFs are also being applied [for] at this point, so it’s a matter of time before they will be approved…

So yes, we can expect the markets to have a final correction. But this [correction] is the final one, which means that if we go to $23,000 or $24,000 when we close beneath the 200-week EMA (exponential moving average), I think that’s the final one you want to watch. Because with the fact that institutions are jumping into the markets, you should realize the markets are a must-buy opportunity overall for the long term.”

Bitcoin is trading at $25,827 at time of writing.

Although Van de Poppe believes that a correction is within the realm of possibility, he notes that Bitcoin bulls could step up if the crypto king manages to stay above the 200-week EMA.

“If we’re going to close above the 200-week EMA this weekend and next week, it is a trigger that we’re going to continue going up from there.”

At time of writing, the 200-week EMA is hovering at around $24,689.

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The post Bitcoin on the Cusp of a ‘Final Correction,’ Predicts Crypto Analyst Michaël van de Poppe – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/09/one-top-ethereum-rival-could-explode-by-over-2500-says-investor-who-predicted-the-2022-crypto-bottom/

An investor who accurately called the crypto market bottom in 2022 is expressing bullish sentiment on a leading Ethereum (ETH) competitor.

Reacting to an unnamed individual who confessed online to investing a $75,000 bonus in Solana (SOL), Chris Burniske tells his 263,300 followers on the social media platform X that the investment could turn into $2 million.

According to the founder of Placeholder Capital and former head of crypto at ARK Invest, his prediction is based on the assumption that Solana will reach a price double its all-time high of about $260 recorded in November of 2021.

“Assumes SOL goes at least 2x former all-time high, which I think likely, but can always be wrong.”

Solana is trading at $19.61 at time of writing and would have to appreciate by approximately 2,551% to reach Burniske’s envisaged price of $520.

Earlier this month, the crypto investor predicted that Solana is likely to outperform Ethereum during the next market rally. According to Burniske, Solana has various factors that give the 10th-largest crypto asset by market cap an edge.

“Quiet product launches, upgraded functionality, lower fees, more throughput, no hype – all signs of a new product cycle coming to life from the ashes.”

The crypto investor also recently said that Solana, as well as Bitcoin (BTC) and Ethereum, are unlikely to make new lows in 2023 and that their long-term uptrend will continue into the coming two years.

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The post One Top Ethereum Rival Could Explode by Over 2,500%, Says Investor Who Predicted the 2022 Crypto Bottom appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/08/traders-should-brace-for-decisive-move-as-bitcoin-undergoes-savvy-accumulation-phase-glassnode-co-founders/

The co-founders of the crypto analytics platform Glassnode say Bitcoin (BTC) is at an important inflection point.

Jan Happel and Yann Allemann tell their 56,600 followers on the social media platform X that a BTC accumulation phase is underway, with a big move on the horizon.

“Navigating the Directionless.

BTC’s price resurgence finds equilibrium at $25,824, forming a potential launchpad. Multiple rejections at $25,000 reveal savvy accumulation in progress.

Yet, neither bulls nor bears show dominance; a battle at play. The why? Bullish momentum might be losing vigor.

Brace for a decisive move.”

Bitcoin is trading at $25,696 at time of writing.

In an earlier tweet, the two co-founders outlined two levels that could determine whether Bitcoin takes a bullish or bearish path moving forward.

“Mid-term outlook: Favorable risk/reward, but short-term, uncertain ($25,800 – $26,800).

– Possible downside ($23,800 – $24,800) due to bearish trend.

– Signs of bottoming: RSI bullish divergence, fading volatility.

Consider buying after dip or solid $26,800 hold to break the downward trend.”

As for the altcoin market, the Glassnode co-founders are issuing a word of caution.

“Minimize exposure to altcoins.

– Small and mid-caps show slight negative impulse and selling pressure.

– BTC, ETH [Ethereum], and large caps are in uncertain territory. A flat impulse doesn’t guarantee a strong upward move.

Safe entry for altcoins: Await BTC’s upward impulse and stability, confirm trend reversal.”

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The post Traders Should Brace for ‘Decisive Move’ As Bitcoin Undergoes Savvy Accumulation Phase: Glassnode Co-Founders appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/08/analyst-benjamin-cowen-says-bitcoin-setting-up-for-potential-relief-rally-but-theres-a-catch/

Crypto strategist Benjamin Cowen is outlining Bitcoin’s (BTC) potential price action over the course of the remaining weeks and months of 2023.

Cowen tells his 764,800 followers on the social media platform X that Bitcoin is poised to drop by single-digit percentage points before rallying to ensure the completion of a bearish pattern.

“Good chance BTC takes out the prior low ($24,800) soon.

After taking out that low, it is possible for BTC to see a relief rally into the death cross (when the 50-day simple moving average crosses below the 200-day simple moving average).

However, any pumps would likely be short-lived and result in lower highs. BTC likely in a downtrend for the rest of the year.”

Bitcoin is trading at $25,724 at time of writing.

In a separate video update, Cowen says the death cross that may be forming echoes a similar signal that hit Bitcoin in its previous pre-halving year. The future Bitcoin halving is expected to occur in April of 2024.

“So, I do want you to be aware that while it is a sensationalist name, death cross, historically you pump into it. Like on the day of the death cross, or maybe a day before you pump into it.

If you really break this down to look at this price action for Bitcoin back in 2019, it’s actually still eerily similar.”

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The post Analyst Benjamin Cowen Says Bitcoin Setting Up for Potential Relief Rally – But There’s a Catch appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/07/4500000000000-asset-manager-says-ethereum-eth-is-currently-undervalued-heres-why/

The crypto-focused subsidiary of investing giant Fidelity Investments says Ethereum (ETH) is currently trading at a discount.

In a new report titled ‘Ethereum Investment Thesis’, Fidelity Digital Assets says that at the current Ethereum supply of around 120 million and annualized network fees of over $6.8 billion, the modeled price of ETH when a discounted cash flow model is applied is around $2,090 – around 28% above the current price.

The asset manager says that Ethereum’s value is correlated to network activity and by extension the fees generated, a figure that Fidelity expects to grow by double digits over the next seven years and hit over $20 billion in 2030.

“The value assigned to ether is more easily modeled following the network’s shift to proof-of-stake. Demand for block space can be measured via transaction fees. These fees are both burned or passed on to validators, thereby accruing value for ether holders.

As a result, fees and ether value accrual should be inherently related over the long term. An increased number of Ethereum use cases creates greater demand for block space, which leads to higher fees and greater value and utility in the form of yield rewarded to validators.”

On the risks that could hamper the fees generated on the Ethereum network, Fidelity Digital Assets says,

“The relationship between ether and the value it provides to network users may weaken if scaling technology erodes fee revenue unless volumes increase and offset this margin compression.”

Ethereum is trading at $1,630 at time of writing.

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https://dailyhodl.com/2023/09/07/institutions-may-be-forced-to-fight-over-just-5-of-bitcoin-supply-according-to-investanswers/

A widely followed analyst says a key Bitcoin (BTC) metric is looking strong despite the crypto market downturn.

Citing an infographic from blockchain analytics firm Glassnode stating that 95% of the existing supply of Bitcoin has not moved over the past 30 days, the anonymous host of InvestAnswers tells his 447,000 YouTube subscribers that all the flagship crypto asset needs to rally is a buy-side catalyst.

“Breaking news: 95% of all Bitcoin has not moved in the last 30 days. So again, despite the weak market, only 5% is moving around – 95% is sitting tight. And we know why…

But the real magic of this, imagine there’s a catalyst and imagine big money wants to jump in and buy a truckload of Bitcoin? Price will just go parabolic. And that’s just economics, ladies and gentlemen.

That is kind of why I’m so obsessed with Bitcoin. It’s so scarce, so literally when the big institutions come, and they’re fighting over that 5% and all the legacy holders are just sitting there watching. Anyway, it’s a reason to be excited.”

The anonymous host of InvestAnswers further says that the remaining supply of Bitcoin after accounting for long-term holders and the lost Bitcoin is also a bullish indicator.

“The amount of Bitcoin that is either hodled or lost, or basically has not moved in the last five years, is nearly eight million Bitcoin. That means technically only 11 million, or thereabouts, have not.

And in fact taking this five-year plus it doesn’t include all the Bitcoin lost over the last five years or less. So we know it’s just super scarce. It’s mind-boggling how scarce it is.

And I always get the question, ‘well, if it’s so scarce is that not bad?’. No, it’s not. It means the price of what’s left will go up. And it won’t take a lot to move it as well.”

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The post Institutions May Be Forced To Fight Over Just 5% of Bitcoin Supply, According to InvestAnswers appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/06/venture-capitalists-still-hesitant-on-crypto-space-after-2022s-drama-report/

Venture capital firms are reportedly reluctant to deploy their capital into crypto investments due to the numerous collapses and bankruptcies of 2022.

Citing data from capital markets research firm Pitchbook, Reuters reports that VC investments in the crypto industry fell to an over three-year low in 2023.

During this year’s second quarter, VC investments in crypto amounted to less than $2.3 billion, according to the Pitchbook data. In the first six months of the year, VC crypto investments fell by nearly 75% year-on-year to $5 billion.

Reuters cites more data from Pitchbook showing that the number of deals in the first six months of 2023 totaled 814, down by around 56% from a similar period in 2022.

The report quotes the CEO of crypto finance firm Ledn, Adam Reeds saying that the waning interest from venture capitalists is due to the “carnage of 2022.” Last year, algorithmic stablecoin issuer Terra (LUNA) imploded while the FTX exchange and other crypto firms went out of business.

According to Reuters, most of the crypto investments that VCs have made this year were in infrastructure firms (exchanges, wallets) and other financial technology companies. This is in contrast to a year ago when the crypto sectors that attracted the largest share of funding were projects focused on non-fungible tokens (NFTs), Web3 and the metaverse.

Since VC interest in the industry rises as crypto prices go up with a lag of one to two quarters, Pitchbook says investments should increase in the second half of this year.

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The post Venture Capitalists Still Hesitant on Crypto Space After 2022’s Drama: Report appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/05/altcoins-on-verge-of-witnessing-breakouts-across-the-board-according-to-analyst-michael-van-de-poppe/

A widely followed cryptocurrency analyst believes that altcoins could defy expectations and rally ahead of the Bitcoin (BTC) halving.

Crytpo trader Michaël van de Poppe tells his 666,400 followers on the social media platform X that he’s looking at the Bitcoin dominance (BTC.D) chart, which tracks how much of the crypto total market cap belongs to BTC.

According to the analyst, the Bitcoin dominance chart could repeat its late 2019 to mid-2020 market structure when it respected the 200-week exponential moving average (EMA) as resistance.

Generally, traders see a bearish BTC.D chart as a positive sign for altcoins as it suggests that alts may rise faster in value than BTC.

Says Van de Poppe,

“Well, the overall sentiment is still that the markets are continuing to fall, which might be possible. On the other hand, Bitcoin dominance is down since the test of the 200-week EMA, which is in line with the previous cycles, too.

That means that, as we’re again 8-10 months before the halving of Bitcoin, we can expect to see a surge in altcoins, rather than a downwards moving market.

And yes, of course, if Bitcoin falls another 10% in September, the US dollar values of altcoins will start to fall too. But did we see that happen in the previous corrections?

Not entirely. We’ve seen a case where the BTC pairs of altcoins are bouncing up. That’s a slight sign of strength. If that continues to happen, we’re on the edge of having breakouts on altcoins across the board.”

Van de Poppe also says he is bullish on Ethereum (ETH) against Bitcoin (ETH/BTC).

“There’s a high chance that we’ve seen the low on Ethereum against Bitcoin as well, as we’re having the case of the low 252 days prior to the halving of Bitcoin.

Add to that the case that we’re most likely going to see an approval of the Ethereum futures exchange-traded fund [by the U.S. Securities and Exchange Commission] to be confirmed in a maximum of one month from now.

The bull market always starts when nobody expects it and, this might be the period.”

Looking at the trader’s chart, he appears to predict ETH/BTC rising to 0.06992 BTC worth $1,799.

At time of writing, ETH/BTC is trading for 0.06303 BTC worth $1,621.

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The post Altcoins on Verge of Witnessing Breakouts Across the Board, According to Analyst Michaël van de Poppe appeared first on The Daily Hodl.

https://dailyhodl.com/2023/09/02/top-analyst-benjamin-cowen-issues-bitcoin-warning-says-september-will-be-a-red-month-here-are-his-targets/

A closely followed crypto strategist is doubling down on his call that Bitcoin (BTC) will likely witness a deep corrective move this month.

In a new strategy session, analyst Benjamin Cowen tells his 786,000 YouTube subscribers that Bitcoin is likely to post negative returns in September.

“September just tends to not be a great month for crypto. Bitcoin – you can see – it averages negative in September, by a long shot, much worse than any other month.”

According to Cowen, Bitcoin could witness an over 10% drop from current levels this month.

“Given the seasonality of Bitcoin, and given the momentum, and the fact that we just had a monthly close below [$27,000], it would at least stand to reason that there’s a good chance that Bitcoin is going to go test $23,000.

Probably, I think, a good chance it’ll happen in September.”

Late last month, Cowen issued a warning that Bitcoin could drop to $23,000 in September based on historical precedence.

At time of writing, Bitcoin is trading for $25,789

Cowen also outlines a scenario where the altcoin markets in general could come back to life. According to the analyst, a confluence of macro tailwinds may give the altcoin markets a shot in the arm next year.

“Volatility normally picks back up in the halving year because it’s an election year too. And remember election years bring a lot more uncertainty.

Additionally, we are in a rate-hiking cycle which we’ve never really seen before – this aggressive. And at this rate, we likely will start to see the labor market show noticeable effects from all these interest rate hikes by the end of this year, early next year.

So if the labor market starts to show signs of weakness at the same time that inflation is coming down, because maybe we’re going into a recession, and we also have an election year where the incumbents are going to want to do what they can to try to stay in power, there’s likely going to be some political pressure to go back to some looser monetary policy. Just so that we’re not continuing to hike forever and watch all these companies go bankrupt.

So at some point in the election year, just like we saw in 2020, we’ll likely see quantitative easing return in some form. That is my guess. And when it returns, that is normally when you would expect the altcoin market to start doing well again.”

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The post Top Analyst Benjamin Cowen Issues Bitcoin Warning, Says September Will Be a ‘Red Month’ – Here Are His Targets appeared first on The Daily Hodl.

https://dailyhodl.com/2023/08/29/shiba-inu-developer-says-layer-2-protocol-shibarium-is-live-and-ready-for-prime-time/

Pseudonymous memecoin developer Shytoshi Kusama says Shiba Inu’s (SHIB) scaling solution Shibarium is “live and operating well.”

In a new blog post, Kusama says that “Shibarium is ready for prime time” after technical issues blamed on a “massive influx” of users cropped up following its official launch earlier this month.

According to the blockchain security firm Beosin, the technical issues led to millions of dollars worth of crypto getting stuck on its Ethereum (ETH) bridge.

The developer says that SHIB, Wrapped Ethereum (WETH) and other tokens in its ecosystem such as the loyalty token DogeKiller (LEASH) and the governance token Bone ShibaSwap (BONE) can now be withdrawn. On how long it will take to withdraw each of these crypto assets, Kusama says,

“It is by design that the SHIB, LEASH, WETH withdrawals through the bridge take at least two checkpoints (45 Minutes to 3 hours), and BONE withdrawal will take up to 7 days.”

According to the developer, the number of wallets and transactions on the layer-2 network has exploded since the scaling solution went live.

“We have accumulated over 65,000 wallets and 350,000 transactions. We’ve seen a variety of fun, unusual, and sometimes offensive tokens deployed on Shibarium alongside a variety of platforms. Within these thousands of tokens, we will see which will rise to the top.”

Last week Kusama said that the team behind Shiba Inu’s scaling solution had enabled a “new monitoring system and additional fail-safes” to prevent technical issues from cropping up again if the protocol witnesses another surge in network traffic.

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https://dailyhodl.com/2023/08/22/sam-bankman-fried-pushes-back-on-jail-time-files-request-to-leave-prison-five-days-a-week-report/

Former FTX CEO Sam Bankman-Fried is reportedly asking for a more lenient prison schedule to allow him to prepare for his defense ahead of the October trial.

Bloomberg reports that Bankman-Fried’s lawyers have written a letter to the U.S. District Judge Lewis Kaplan making the case for the former FTX CEO to be let out five days a week to review documents.

The report quotes Bankman-Fried’s lawyer Christian Everdell saying that the FTX co-founder will have “no hope of reviewing” the massive trove of documents under the existing prison schedule.

Bloomberg cites Everdell saying,

“Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago…”

The Bloomberg report says that Everdell in his letter to Judge Kaplan sought to have Bankman-Fried get access to an internet-enabled laptop and time to meet with his lawyers. Prison officials have reportedly resisted the idea of transferring the FTX co-founder to a smaller facility where he could access an internet-enabled laptop, which the prosecutors had initially suggested.

According to the report, prosecutors have said it’s impractical to load all the documents onto a laptop but have offered to load them onto hard drives which Bankman-Fried can then use on computers available at the Metropolitan Detention Center in Brooklyn, the main prison for defendants awaiting federal trials in the state of New York.

Bankman-Fried was arrested in December of 2022 and various criminal charges including wire fraud, commodities fraud and securities fraud filed against him. He was initially placed under house arrest on a $250 million bail but his terms were revoked earlier this month after he allegedly tampered with a witness. His trial is set to kick off on October 2nd.

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The post Sam Bankman-Fried Pushes Back on Jail Time, Files Request To Leave Prison Five Days a Week: Report appeared first on The Daily Hodl.

https://dailyhodl.com/2023/08/15/anti-crypto-donald-trump-holds-between-250000-and-500000-in-ethereum-eth/

Former US president Donald Trump, a vocal critic of the crypto market, holds six figures’ worth of digital assets in an Ethereum (ETH) wallet.

According to a financial disclosure filing with the Office of Government Ethics, Trump owns a cryptocurrency wallet with holdings valued somewhere between $250,001 and $500,000.

The wallet is labeled on the document as “(Ethereum),” though it remains unclear if his holdings are in ETH, other ERC-20 tokens and/or other digital assets like nonfungible tokens (NFTs).

The former president is known for his hostile stance toward the crypto markets.

In May 2018, while serving as US president, Trump reportedly directed then Treasury Secretary Steven Mnuchin to “go after Bitcoin [for fraud].” Days after Trump issued the order, Mnuchin was quoted as saying that the Treasury Department will enforce “very, very strong” regulations on cryptocurrencies to ensure they’re not used for illicit purposes.

Three years later, Trump said in an interview that he owned zero cryptocurrencies, noting that digital assets were “a disaster waiting to happen.”

“They may be fake. Who knows what they are, but they certainly are something that people don’t know very much about.”

In December of 2022, Trump launched a collection of NFTs on the Ethereum-based platform OpenSea, weeks after formally announcing his intention to run for the 2024 presidential election.

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https://dailyhodl.com/2023/08/08/defi-platform-curve-offering-1850000-bounty-for-identity-of-hacker/

Curve (CRV) is putting up a bounty to smoke out the hacker who drained the decentralized finance (DeFi) platform of tens of millions of dollars in crypto assets over a week ago.

In a note posted on the Ethereum (ETH) blockchain explorer Etherscan, Curve says that it is now offering a $1.85 million bounty to anyone who would provide information identifying the exploiter following the lapse of an amnesty period.

“The deadline for the voluntary return of funds in the Curve exploit passed at 0800 UTC (coordinated universal time). We now extend the bounty to the public and offer a reward valued at 10% of the remaining exploited funds (currently $1.85 million) to the person who is able to identify the exploiter in a way that leads to a conviction in the courts.

If the exploiter chooses to return the funds in full, we will not pursue this further.

Contact us at curvenegotiation@protonmail.com.”

Blockchain security infrastructure firm BlockSec said that several liquidity pools on Curve lost over $41 million following the hack that occurred in late July.

The hack also triggered a liquidity flight on the platform with the total value locked (TVL) on Curve falling from $3.25 billion prior to the exploit to around $1.58 billion after the incident. Curve’s TVL has partially recovered and sits around $2.4 billion at time of writing, according to DeFi Llama.

TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.

Meanwhile, Curve’s native token CRV also witnessed a deep corrective move following the event, sliding from $0.75 to $0.59 in about a day. CRV has yet to recover and is trading at $0.608 at time of writing.

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The post DeFi Platform Curve Offering $1,850,000 Bounty for Identity of Hacker appeared first on The Daily Hodl.