Crypto fear index reaches Celsius, Terra, 3AC collapse levels
The Crypto Market Sentiment Index has hit a record low, signaling a significant decline in overall sentiment towards the cryptocurrency market. This index, which tracks the collective mood of investors and traders, has not seen such low levels since the collapse of several major crypto firms back in 2022.
The current state of the market has left many feeling uncertain and anxious, with the Index showing a sharp decline in positive sentiment. This is reflected in the recent performance of cryptocurrencies, with many experiencing significant drops in value.
Experts believe that the current bearish sentiment is a result of various factors, including increased regulatory scrutiny, market volatility, and concerns over the sustainability of certain cryptocurrencies. The recent crackdown on crypto exchanges by governments around the world has also contributed to the negative sentiment, as investors fear for the future of their investments.
The Index, which is based on data from social media, news articles, and market analysis, serves as a valuable tool for understanding the overall sentiment in the crypto market. It provides a comprehensive view of how investors and traders are feeling, and can be used to predict potential market trends.
While the current state of the market may seem bleak, many experts believe that this is just a temporary dip and that the crypto market will bounce back stronger than ever. In fact, some see this as an opportunity to buy into the market at lower prices and potentially reap significant profits in the future.
As the crypto market continues to evolve and mature, it is important for investors to stay informed and make educated decisions. The Crypto Market Sentiment Index serves as a valuable resource for understanding the collective mood of the market and can help investors navigate through uncertain times.
BlackRock Bitcoin fund sheds $420M as ETF losing streak hits day 7
BlackRock’s iShares Bitcoin Trust, one of the largest and most popular investment vehicles for Bitcoin, has recently experienced a significant outflow of funds. In fact, it has just recorded its biggest single day outflow since its launch in 2014.
This news has sent shockwaves through the cryptocurrency community, as BlackRock is known for its conservative and traditional approach to investing. The fact that even this established and reputable institution is seeing a decline in its Bitcoin Trust is a clear indication of the current state of the market.
The outflow of funds from the iShares Bitcoin Trust is a reflection of the overall sentiment towards Bitcoin and other cryptocurrencies. After reaching an all-time high in April, the market has been on a downward trend, with Bitcoin’s value dropping by over 50%. This has caused many investors to become cautious and re-evaluate their positions in the market.
Some experts believe that this outflow is a result of investors taking profits and cashing out, while others see it as a sign of a lack of confidence in the future of Bitcoin. However, it’s important to note that this outflow is not a complete withdrawal from the market, as the iShares Bitcoin Trust still holds a significant amount of assets.
Despite this recent decline, many experts and analysts remain optimistic about the future of Bitcoin and the cryptocurrency market as a whole. They believe that this is just a temporary setback and that the market will eventually recover and continue its upward trajectory.
In the meantime, the outflow from BlackRock’s iShares Bitcoin Trust serves as a reminder to investors to always do their own research and make informed decisions when it comes to investing in cryptocurrencies. The market is highly volatile and unpredictable, and it’s important to approach it with caution and a long-term perspective.
Only time will tell how this outflow will impact the market and the future of Bitcoin. But one thing is for sure, the cryptocurrency world is constantly evolving and adapting, and it will continue to be a fascinating and exciting space to watch.
FBI asks node operators, exchanges to block transactions tied to Bybit hackers
The recent $1.4 billion hack on Bybit has sent shockwaves through the cryptocurrency community, with many questioning the security measures in place to protect users’ funds. The FBI has now stepped in, urging private sector entities to take action in preventing the hackers from laundering the stolen funds.
According to the FBI, the hack on Bybit is one of the largest cryptocurrency hacks in history, and they are taking it very seriously. In a statement released by the agency, they have encouraged private sector entities to be vigilant and proactive in preventing the hackers from cashing out the stolen funds.
The hack, which occurred on October 21st, has left many users of the popular cryptocurrency exchange in a state of panic. Bybit has assured its users that their funds are safe and that they are working closely with law enforcement agencies to track down the perpetrators. However, the FBI’s involvement has raised concerns about the security measures in place at Bybit and other cryptocurrency exchanges.
In response to the hack, Bybit has implemented additional security measures and is conducting a thorough investigation to determine the cause of the breach. They have also assured their users that they will be fully compensated for any losses incurred as a result of the hack.
The FBI’s involvement in this case highlights the growing concern over the security of cryptocurrency exchanges. With the increasing popularity and value of cryptocurrencies, it is crucial for these platforms to have robust security measures in place to protect users’ funds. The FBI’s call to action serves as a reminder to all cryptocurrency exchanges to prioritize the safety and security of their users’ assets.
In conclusion, the recent hack on Bybit has brought to light the need for stronger security measures in the cryptocurrency industry. The FBI’s involvement and call to action should serve as a wake-up call for all exchanges to prioritize the protection of their users’ funds. Let’s hope that this incident will lead to stricter security protocols and better protection for cryptocurrency users in the future.
Scammers use fake crypto jobs, ‘GrassCall’ meeting app to drain wallets
A notorious cybercrime group has recently been discovered to be using a sophisticated social engineering scheme to target unsuspecting individuals in the cryptocurrency industry. This group has been luring victims with fake job advertisements, creating a fake company, and even using a malicious meeting app to carry out their malicious activities.
The group, whose identity remains unknown, has been using various tactics to deceive their victims and gain access to their personal information and funds. One of their methods involves posting fake job ads on popular job search platforms, targeting individuals with experience in the cryptocurrency industry. These ads promise high-paying positions at a reputable company, but in reality, they are just a ploy to lure victims into their trap.
Once an individual responds to the ad, they are directed to a fake company website that looks legitimate at first glance. The website is designed to trick victims into believing that the company is real and has a strong presence in the cryptocurrency market. However, upon closer inspection, it becomes clear that the website is a fake, with no real products or services being offered.
To further deceive their victims, the cybercrime group has also created a malicious meeting app that they use to conduct fake interviews with potential job candidates. The app is designed to look like a legitimate video conferencing tool, but in reality, it is used to gain access to the victim’s device and steal sensitive information.
This complex social engineering scheme highlights the lengths that cybercriminals are willing to go to in order to carry out their malicious activities. It also serves as a reminder for individuals in the cryptocurrency industry to be cautious and vigilant when responding to job ads or interacting with unknown companies and apps.
To protect yourself from falling victim to such schemes, it is important to thoroughly research any job opportunities and companies before providing any personal information or funds. Additionally, it is crucial to use trusted and secure communication tools when conducting interviews or meetings with potential employers. By staying informed and cautious, we can help prevent cybercrime and protect ourselves and our assets in the cryptocurrency world.
Nvidia revenues up 80% from ‘amazing’ demand for AI chips
Nvidia’s latest earnings have beaten Wall Street estimates on the top and bottom line as the chip maker said AI is advancing at “light speed.”
US lawmakers advance resolution to repeal ‘unfair’ crypto tax rule
The United States is currently facing a major issue with the Internal Revenue Service (IRS) and its laws. However, there is hope on the horizon as a resolution to repeal the controversial IRS law is making its way through Congress. This resolution, if passed, could have a significant impact on the American people and their relationship with the IRS.
The IRS law in question has been a source of frustration and confusion for many Americans. It has been criticized for its complexity and the burden it places on taxpayers. Many have argued that it is unfair and unjust, and have been calling for its repeal for years.
Now, with the resolution to repeal the IRS law gaining momentum, there is a glimmer of hope for those who have been affected by it. The process of repealing a law is not an easy one, and this resolution must first pass through the House of Representatives and the Senate before it can even reach the desk of President Donald Trump.
If the resolution successfully passes through both chambers of Congress, it will then be sent to President Trump to sign into law. This would be a major victory for those who have been advocating for the repeal of the IRS law. It would also be a significant step towards simplifying the tax system and making it more fair and transparent for all Americans.
The resolution has gained support from both sides of the political spectrum, with many lawmakers recognizing the need for change in the current IRS law. It is a rare moment of unity in a divided political climate, and it shows the importance and urgency of this issue.
In conclusion, the resolution to repeal the IRS law is a crucial step towards reforming the tax system and providing relief to the American people. It is a long and challenging process, but with determination and support, it is possible to bring about positive change. Let us hope that this resolution will be successful and pave the way for a fairer and simpler tax system for all.
Key metric shows Bitcoin hasn’t peaked, has bullish year ahead: Analyst
As the cryptocurrency market continues to experience unprecedented growth, many investors and analysts are trying to predict when the market will reach its peak. One such analyst, Assure DeFi CEO and crypto expert Chapo, has made a bold prediction that the Market-Value-to-Realized-Value (MVRV) ratio will reach a peak of 3.2 during this cycle, indicating that the market is at its top.
For those unfamiliar with the term, the MVRV ratio is a metric used to measure the difference between the current market value of a cryptocurrency and the value at which it was last realized. In simpler terms, it compares the price at which investors bought a particular cryptocurrency to its current market value. A high MVRV ratio indicates that the market is overvalued, while a low ratio suggests that the market is undervalued.
Chapo’s prediction is based on historical data and trends in the cryptocurrency market. He believes that the current bull run, which has seen the market value of many cryptocurrencies skyrocket, will eventually come to an end. And according to his analysis, the MVRV ratio will be a key indicator of when this will happen.
While some may dismiss Chapo’s prediction as just another attempt to time the market, his track record as a crypto analyst speaks for itself. He has accurately predicted market trends and price movements in the past, earning him a reputation as a reliable source of information in the crypto community.
So what does this mean for investors? Well, if Chapo’s prediction holds true, it could be a sign that the market is reaching its peak and that a correction may be on the horizon. This could be a good time for investors to reassess their portfolios and consider taking profits before the market potentially dips.
Of course, no one can predict the future with absolute certainty, and the cryptocurrency market is notoriously volatile. But with Chapo’s prediction and the MVRV ratio as a potential indicator, investors may want to keep a close eye on the market and make informed decisions based on data and analysis.
Gotbit founder extradited to US to face market manipulation, fraud charges
The world of cryptocurrency has been rocked by yet another scandal, as the founder of Gotbit, a crypto firm, has been extradited from Portugal to the US to face charges of fraud. This news comes after the FBI set a trap token to catch crypto fraudsters, and it seems that Gotbit fell right into it.
The founder, whose identity has not been revealed, was allegedly involved in a scheme to defraud investors through the use of cryptocurrency. The FBI had been investigating the firm for some time, and it seems that their efforts have finally paid off with this extradition.
The use of cryptocurrency has become increasingly popular in recent years, with many investors seeing it as a lucrative opportunity. However, with its rise in popularity, there has also been a rise in fraudulent activities within the industry. This has led to increased scrutiny from authorities, and the FBI has been at the forefront of cracking down on these illegal activities.
The trap token used by the FBI was a clever tactic to catch those involved in crypto fraud. It involved creating a fake cryptocurrency and promoting it on various platforms, including Gotbit. The founder of Gotbit fell for the trap and was subsequently arrested in Portugal, where he had been residing.
This extradition serves as a warning to others who may be involved in similar fraudulent activities. The FBI is actively working to protect investors and ensure the integrity of the cryptocurrency market. As the use of cryptocurrency continues to grow, it is important for investors to be cautious and do their due diligence before investing in any firm or project.
In conclusion, the extradition of the Gotbit founder is a significant development in the fight against crypto fraud. It sends a strong message that those who engage in illegal activities within the cryptocurrency industry will be held accountable. Let this be a reminder to all investors to be vigilant and do their research before making any investments.