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Unveiling Bitiq: Is it a Legit Cryptocurrency Investment Platform?

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Bitiq Review: Is Bitiq a Scam?

Introduction

Bitiq is one of the most popular cryptocurrency investment platforms. It’s important to verify that such platforms are legitimate and protect investors‘ funds from fraud.

This comprehensive review of Bitiq covers everything, from Bitiq’s legitimacy to its trading platform, customer service, fees and charges, and much more.

What is Bitiq?

Bitiq allows you to trade online in cryptocurrencies like Ripple, Ethereum, Litecoin and Litecoin. It is easy to use for novice and experienced traders.

Bitiq Features

How Bitiq Works

Bitiq users must sign up to create an account and deposit funds in order to start trading. Bitiq’s trading platform offers a simple interface that makes it easy to trade cryptocurrencies.

Benefits of Bitiq

Is Bitiq a scam or legit?

There are many investment scams, so it is important to know if Bitiq is legit or a fraud. These are the red flags you should be looking out for when investing in platforms.

Bitiq’s legitimacy status

Bitiq is an authorized investment platform. Bitiq is fully licensed and has taken measures to protect users‘ funds.

How do you verify legitimacy of investment platforms?

Investors should verify that investment platforms are legitimate by looking at the following:

Bitiq Security Measures

Security is an important aspect of investment platforms. Bitiq has taken various security precautions to protect financial and personal data.

Why security is so important for investment platforms

Investment platforms are a target for scammers and hackers because they store sensitive financial and personal data. Users‘ data can be compromised without proper security measures. This could lead to financial loss and other negative consequences.

Bitiq has implemented security measures

Bitiq’s financial and personal data protection

Bitiq’s Trading Platform

Bitiq’s trading platform was designed to be easy to use for novice and experienced traders.

Overview of Bitiq’s trading platform

These are the features of Bitiq’s trading platform:

How to use Bitiq’s trading platform

Users must sign up to Bitiq and deposit funds in order to trade on the platform. It offers a simple trading interface that makes it easy to trade cryptocurrencies.

The Bitiq trading platform has many advantages

Bitiq Customer Support

Investment platforms need to provide customer support. Bitiq offers multiple customer support options to make sure that customers‘ problems are addressed promptly.

Important importance of customer support on investment platforms

Investors should have reliable customer support available to resolve any issues they may encounter while using the platform.

Bitiq offers a variety of customer support services

How to contact Bitiq customer support

Bitiq’s customer service team can be reached via email or live chat. Customer support representatives at Bitiq are available 24 hours a day to resolve users‘ problems.

Bitiq Reviews and Ratings

Ratings and user reviews are a great way to evaluate the performance of investment platforms. This is what Bitiq users have to say about Bitiq.

Ratings and reviews on independent platforms

Bitiq has received positive ratings and reviews on independent review platforms. The platform has received positive reviews from users who praise its user-friendly interface, numerous cryptocurrency options and reliable customer service.

How to interpret ratings and reviews

Investors should not focus on individual reviews when interpreting ratings and reviews. Platforms with positive ratings and reviews are more reliable than those with low ratings and reviews.

Bitiq’s Fees & Charges

Bitiq charges commissions and fees for its services. Here is a list of fees and charges for Bitiq’s platform:

Overview of Bitiq’s fees & charges

Compare Bitiq’s fees to other investment platforms

Bitiq’s fees compare well to other investment platforms. Bitiq charges a lower fee than other platforms, but the fees are fair considering all of Bitiq’s features.

How to manage Bitiq’s charges and fees

Bitiq charges and fees can be managed by investors who monitor their trading activity and choose the most cost-effective option.

Bitiq’s Deposit and Withdrawal Processes

Bitiq’s deposit and withdrawal processes are user-friendly. This makes it easy to manage your funds.

Bitiq: How to withdraw or deposit funds

Users must log in to Bitiq to withdraw or deposit funds. Follow the instructions.

There are time frames for deposits and withdrawals

Bitiq’s withdrawal and deposit times may differ depending on the method of payment used. The platform will process transactions as quickly as possible.

How to troubleshoot withdrawal or deposit problems

Bitiq customer support can be reached for assistance if users have any problems withdrawing or depositing money.

Bitiq’s Pros and Cons

Each investment platform has its pros, and each platform has its cons. These are the benefits and drawbacks of Bitiq.

Benefits of Bitiq

Bitiq’s disadvantages

FAQs

What is the minimum deposit for Bitiq?

Bitiq requires a minimum deposit of 0.01 BTC.

How long does Bitiq take to withdraw funds?

Bitiq withdrawal times may vary depending upon the method of payment used. The platform will process all transactions.

Is Corona Millionaire a Scam? – In-Depth Review

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Corona Millionaire Review: Is it a Scam or a Legit?

The COVID-19 pandemic created unprecedented financial instability and uncertainty. People are searching for online ways to make money, and the Corona Millionaire trading platform is one option. Is it legitimate or a scam? We will examine the legitimacy of Corona Millionaire and review it in this article.

Introduction

Corona Millionaire is a trading platform that allows users trade cryptocurrencies and other assets. This review will look at the platform and decide if it is legitimate for anyone looking to make online money.

What is Corona Millionaire?

Corona Millionaire allows users to trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin through an automated trading platform. It uses advanced algorithms and artificial Intelligence to analyze market data and execute trades for its users.

Even for traders with little experience, the platform is easy to use. The platform has a user-friendly interface that is intuitive and easy to use. It also offers a variety of tools and features that can help users make informed trading decisions.

Corona Millionaire Review

The Corona Millionaire platform was reviewed by our team and found to be easy to use. It also offers a variety of tools and features that can help traders make informed trading decisions. The platform was designed to be easy to use for users of all levels. Its interface is intuitive and user-friendly.

Pros:

Cons:

The platform has had mixed user experiences. Users have reported both significant profits and losses from the platform. There is always risk with investing. Users should consider carefully their investment strategy before they use the platform.

Is Corona Millionaire Legitimate?

We verified the legitimacy of Corona Millionaire’s platform. Independent auditors have audited the platform and registered it with regulatory authorities.

The platform has received mixed reviews from users, with some reporting substantial profits while others reporting losses. The platform’s algorithms, artificial intelligence and security provide enough reliability to allow users to make well-informed trading decisions.

How to use Corona Millionaire

These are the steps to use Corona Millionaire’s platform:

  1. Register for an account at the Corona Millionaire website.
  2. Deposit money into your account.
  3. You can set your trading parameters including risk level, asset selection and liquidity.
  4. You can activate the automated trading function.
  5. Keep track of your trades and adjust your parameters if necessary.

Here are some tips to make sure you trade on the Corona Millionaire platform.

What you should and shouldn’t do when using the platform

Corona Millionaire Scam – Red Flags

There are some red flags that you should be aware of when using the Corona Millionaire platform:

It is crucial to research before investing in any trading platform that is not registered with regulators.

Corona Millionaire Alternatives

As an alternative to Corona Millionaire there are many legitimate trading platforms.

Every platform has its pros and cons. Before choosing a platform, users need to carefully evaluate their investment strategy.

Coinbase is our recommendation as the best alternative to Corona Millionaire. Coinbase is a reliable and trustworthy trading platform that allows users trade a variety of cryptocurrencies as well as other assets. The platform is easy to use and offers a variety of tools and features that will help you make informed trading decisions.

Corona Millionaire Customer Support

Customer support is available via email or live chat at Corona Millionaire. The platform’s customer service has received mixed reviews from users. Some reported quick and helpful responses while others reported slow or ineffective support.

Conclusion

Our review of Corona Millionaire found that the platform was legitimate and offers a variety of tools and features to assist users in making informed trading decisions. As with all investments, there are risks. Users should consider carefully their investment strategy before they use the platform.

We recommend that readers do their research and carefully consider their investment strategy prior to using any trading platform.

Most Frequently Asked Questions

What is Corona Millionaire?

Corona Millionaire allows users to trade cryptocurrency and other assets through an automated trading platform.

What is Corona Millionaire?

Corona Millionaire employs advanced algorithms and artificial Intelligence to analyze market data and trade on behalf of its users.

Is Corona Millionaire a scam?

Our investigation revealed that Corona Millionaire is a legitimate trading platform.

Corona Millionaire: Can I make it big?

Yes, Corona Millionaire can be a good investment. However, there are risks involved.

How can I use Corona Millionaire

Register on the Corona Millionaire website to open an account, deposit funds, adjust your trading parameters and activate the automated trading function.

What are the red flags for Corona Millionaire?

Red flags include the promise of profits, pressure to invest fast, insufficient transparency regarding fees and charges, unresponsive customer service, and promises of guaranteed profits.

Is there a better alternative to Corona Millionaire

Yes, there are legitimate trading platforms, such as Coinbase, Binance and Kraken.

How can I reach Corona Millionaire customer service?

Corona Millionaire offers customer support via email or live chat.

What are the rules and regulations of Corona Millionaire?

Set your risk level carefully, monitor your trades frequently, and stay up-to-date with market news and trends. You shouldn’t invest more money than you can afford, and the platform is not the best source of financial advice.

What’s the verdict on Corona Millionaire?

Corona Millionaire was found to be a legitimate trading platform. Users should consider carefully their investment strategy before they use the platform.

Is Bitvestment Legit? A Comprehensive Review

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Bitvestment Review: Does it Work?

Introduction

As the world shifts towards digitalization, more people look for investment opportunities in cryptocurrency. Bitvestment is an investment platform that many people are looking into. There are many scams on the market so it is important to be careful before you invest your hard-earned cash. We will be reviewing Bitvestment and answering the question „Is Bitvestment scam?“

What is Bitvestment?

Bitvestment allows you to invest in cryptocurrency through an online platform. Bitvestment claims that it uses advanced trading algorithms to generate profits for its users. Bitvestment provides a variety of investment options that users can choose from.

What is Bitvestment?

Bitvestment allows users to deposit funds into an account, and then invest in different investment plans. It uses trading algorithms to analyze cryptocurrency markets and generate profits for its users. Users can track their investments, and withdraw their earnings at any time.

Types of investments in Bitvestment

Bitvestment offers a variety of investment plans. These plans include daily, weekly, and monthly plans. Users can choose which plan best suits their investment goals.

Is Bitvestment a Scam or Legit?

There are many scams in cryptocurrency markets, so it is important to be cautious when investing on any platform. These are common scams in investment platforms.

Why Bitvestment could be a scam

Bitvestment claims that it uses advanced trading algorithms to generate profits for its users. The platform doesn’t provide any details about the algorithm’s working. The platform also doesn’t disclose information about its team members and the company behind it. This lack of transparency raises doubts about the platform’s legitimacy.

Analyse of Bitvestment’s Legitimacy

Bitvestment is not an investment platform registered with any financial authority. The lack of regulation raises doubts about the legitimacy and credibility of Bitvestment. The platform doesn’t provide information about its team or the company behind them. This lack of transparency raises doubts about the legitimacy and credibility of the platform.

Bitvestment: How safe is it?

Online investment platforms are highly secure. These are security measures for Bitvestment

Policies to protect users

Bitvestment offers a user protection policy to ensure that users‘ funds are safe. Bitvestment also offers a refund policy, which allows users to request a refund if the platform does not meet their expectations.

Bitvestment: The Risks

Bitvestment is like any other investment. There are risks. Investments in cryptocurrency markets are volatile and can fluctuate. The lack of transparency and regulation raises doubts about the legitimacy of the platform.

Bitvestment Features

These are some of the features offered by Bitvestment.

Experience and user interface

Bitvestment’s interface is easy to use and has a friendly user interface. Bitvestment also provides a demo account, which allows users to try the platform before they invest their money.

Analytical and tracking tools for investment analysis

Bitvestment provides investment tracking and analysis tools to help users monitor their investments and make informed decision.

Feedback and customer support

Bitvestment offers 24/7 customer support to assist users. Bitvestment also offers a feedback system where users can provide feedback about the platform’s services.

How to get started with Bitvestment

These are the steps you need to get started with Bitvestment

Creation of an account

Visit the Bitvestment website to create an account. Click on the „Register” button. Fill out your details and confirm your email address.

Investment process

Log in to Bitvestment and deposit funds. Select an investment plan to invest your funds.

Policies and withdrawal process

Log in to Bitvestment and submit a withdrawal request. Within 24 hours, the platform will process withdrawal requests.

Bitvestment Fees & Charges

These are the Bitvestment fees and charges:

A list of fees and charges

Bitvestment charges a 5% commission on all profits.

Comparative comparison with other investment platforms

Bitvestment fees are much lower than other investment platforms.

Be aware of hidden charges

Bitvestment has no hidden fees

Review Bitvestment and User Feedback

Below are reviews and feedback from Bitvestment users:

Review from independent sources

Bitvestment does not have independent reviews.

Feedback from users and satisfaction levels

Bitvestment has mixed user feedback. Some users are happy with its services, while others complain about the lack transparency.

Negative reviews or complaints

Bitvestment has been criticised by some users for not being transparent and not being regulated.

Alternatives to Bitvestment

These are some other alternatives to Bitvestment

Comparative comparison with other investment platforms

Each platform’s pros and cons

Each platform comes with its own pros and cons. Users should pick the one that best suits their investment goals.

The best alternatives are based on your investment goals

The user’s investment goals will determine which option is best.

Conclusion

Bitvestment, an investment platform that allows users invest in cryptocurrency, is concluded. The platform’s legitimacy is questioned due to its lack of transparency and regulation. It is important to research the risks and do your homework before investing on Bitvestment or any other platform.

FAQ

Is there a minimum investment in Bitvestment

Bitvestment requires a minimum investment of $50

Bitvestment offers guaranteed returns

Bitvestment is not able to guarantee returns.

Does Bitvestment have to be regulated by any financial institution?

Bitvestment isn’t regulated by any financial institution.

How long does Bitvestment take to withdraw funds?

Withdrawal requests can take up to 24 hours.

Can I invest in Bitvestment anywhere?

Yes, Bitvestment users can invest from anywhere in the world.

What are the potential risks associated with Bitvestment investments?

Bitvestment is a risky investment because of its volatility and lack of regulation.

Is Bitvestment offering a referral program?

Bitvestment doesn’t offer a referral program.

How does Bitvestment make profit?

Bitvestment is a cryptocurrency trading platform that makes profit by using sophisticated algorithms to analyze and trade the market.

Can I access Bitvestment on mobile devices?

Yes, Bitvestment can be accessed on mobile devices.

What does Bitvestment’s customer service look like?

Bitvestment offers 24/7 customer support to assist users.

Crypto Collapse: The Fall of Terra Luna, FTX and SVB

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• In May 2022, the crypto project Terra Luna experienced a catastrophic collapse.
• As a result of this crash, the price of LUNA plummeted and led to a global market crash.
• The Korean National Tax Service subsequently imposed $78.4 million in corporate and income tax on Do Kwon and other related parties.

The Catastrophic Collapse of Terra Luna

It has now been nearly ten months since the crypto project Terra Luna experienced a catastrophic collapse in May last year. Later, FTX collapsed and recently, the crypto-friendly Silicon Valley Bank (SVB) collapsed. As the SEC charged Terra founder Do Kwon with fraud over the $40 billion crypto crash, it has adversely affected the market. As there is hardly any positive news regarding its price movement, we cannot deny the fact that LUNA will never be considered a ’safe‘ cryptocurrency. Therefore, it may not be able to return to its former heights again.

The Impact of Stablecoins

Stablecoins, such as UST, were created to protect investors from the extreme price volatility of popular cryptocurrencies, such as Bitcoin (BTC). As fiat currency is pegged to reserves such as gold, a stablecoin is pegged to either a fiat currency (e.g. USD) or a supporting cryptocurrency. In this case, TerraUSD was pegged to Luna. But herein lies the conflict: A cryptocurrency isn’t equivalent to gold reserves. As LUNA prices got destabilized, it had an impact on UST prices too and caused an entire stablecoin system collapse in Q2 2022. The stablecoin project was aimed at complementing fiat currencies with decentralized models of cryptocurrencies but ended up doing more harm than good due to its lack of intrinsic value backing it up and decreased investor confidence following its failure in May 2022 when thousands of investors across the globe lost significant amounts due to this mishap..

LUNA Price Performance Before Its Collapse

LUNA was one of the market’s top performers once with altcoin being among top 10 cryptocurrencies by market value towards end 2021 before it suffered massive losses due to its sudden collapse in May 2022 along with other cryptos like FTX & SVB Bank which also went down due to similar circumstances .

Bloomberg Report Sheds Light On Further Developments

A Bloomberg report from May 2022 sheds light on further developments that transpired after LUNA’s fall from grace . It was early May 2022 when large investors started selling their tokens leading to huge drop in prices for both UST & LUNA , causing loss worth around $45 billion within week resulting into global crisis . To buy back these coins , leadership team behind Terra system planned buying Bitcoin reserves but unfortunately their plan didn’t work out .

Korean National Tax Service Imposed Taxes On Related Parties After Mishap

Afterwards , Korean National Tax Service imposed hefty corporate & income taxes worth $78 million on Do Kwon & other related parties associated with this mishap post which they decided not pursue further legal action against them .

Bitcoin Sharks and Whales Step Up Accumulation as USDC Sees Capital Flight

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• The Silicon Valley Bank run caused fear, uncertainty, and doubt (FUD) about Bitcoin earlier this week.
• Despite the FUD, accumulation of whales and sharks continued as well as increased BTC volume to a three-month high.
• USDC holders reacted to the SVB failure by exchanging their holdings for other stablecoins and Bitcoin.

The Silicon Valley Bank Run

Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the collapse of a single bank contributed to its downward trend earlier this week. Yet, the failure of yet another bank may have reversed the public’s opinion and brought back support for the king coin. However, Bitcoin may have been affected differently by the Silicon Valley bank run that triggered a drop in USDC.

Reactions to SVB Failure

The California Financial Institutions Control Board closed Silicon Valley Bank, a significant bank for startups with venture capital backing. People’s reactions to the SVB failure suggest uncertainty is the current prevalent mood. The process of withdrawing assets for customers with $250,000 or more has sparked discussions based on a thread by Mark Cuban (an American businessman) and subsequent comments. In addition, Circle announced in a statement that over $3 billion of its $40 billion was held by SVB. Another negative reaction has been the flight of USDC holders exchanging their holdings for other stablecoins and Bitcoin.

Whale & Shark Accumulation

According to Santiment statistics, the accumulation of whales and sharks continued despite the FUD that was caused by the Silvergate crash. As of this writing, addresses with 10-10,000 BTC had risen to over 67%. Looking at data it is clear there was an upswing in whale and shark accumulation coinciding with time USDC was experiencing capital flight.

BTC Volume Reaches Three-Month High

In addition to whale & shark data metrics on Santiment revealed some intriguing actions: By 9am UTC on March 11th BTC volume had already reached 45 billion; By 17:00 UTC it had reached 35 billion; As of writing 39 billion—the highest since December—indicating rise in business activity overall .

USDC Outflows

USDC has seen increased swaps as more Bitcoin leaves exchanges indicating people are exchanging their holdings for other stablecoins & Bitcoin due to fears surrounding Silicon Valley Bank failure

Dogecoin Holders Hardly Feel Market Dumps; SHIB Struggles to Catch Up

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• Dogecoin (DOGE) has consistently maintained its performance over the years, with holders rarely dropping below 40% ROI.
• Shiba Inu (SHIB), on the other hand, has seen a 53.49% decrease in value in the past 365 days.
• Despite this, SHIB has improved its ecosystem through various developments such as LEASH and BONE tokens and Shibarium L2 blockchain.

Dogecoin: Consistent Performance

DOGE holders have not felt the heat of market dumps compared to other projects. While Shiba Inu has continued to improve its ecosystem, DOGE led in market cap and active addresses. Over the years, Dogecoin [DOGE] and Shiba Inu [SHIB] have remained kings of the memes with no other solid competitor. However, both do not seem to be on the same page as investors might wonder which might be worth holding and which is not. Realistic or not, here’s SHIB’s market cap in DOGE’s terms IntoTheBlock data, as of 2 March, revealed that holders of the Elon Musk-admired cryptocurrency had barely had their assets drop below 40% in value. The blockchain insight platform went further, highlighting that the stride was not a recent one. Instead, DOGE has been consistent with its performance.

Shiba Inu: Struggling Behind

On the contrary, SHIB did not maintain its performance close to DOGE’s level. According to CryptoQuant, SHIB’s 365–day performance was a 53.49% decrease. Even though it could not improve price, the token had been able to make up with improvements in its ecosystem Since 2022 downturns of markets., The Shiba Inu team focused on several developments including having its own ecosystem tokens like Doge Killer [LEASH] and Bone ShibaSwap [BONE], which recently found its way into top 100 in terms of market capitalization only to go back to 104th rank at press time.. Also worthy of mention is project’s exploit in metaverse and long trending Shibarium ,the upcoming Layer two (L2) blockchain of Shiba Inu ecosystem . Its mission is enhance SHIB burn mechanism and speed up transactions on network .

Dogecoin vs Shiba Inu

Brothers in arms While both have contributed immense ways to bring liquidity to markets ,Dogecoin beats shibain uin marketcap .While metric also adds liquidity measure ,it only shows project’s growth by dominance .How much are 1 10 100 DOGEs worth today ? At press time ,dogecoin ranked ninth with market capitalization $10 02 billion while shibainuranked fourteenth with $6 26 billion source Santiment whereas doge despite having backing twitter ceo continues be volatile but still able outperform many altcoins around it .

Conclusion

Both projects continue strive for dominance crypto space but doge remains steady while shibainuhas yet show potential success according source santiment dogesmarketcap raked 9th position while shibainustood at 14th place at press time inspiteofbacking elon musk doges still able outperform many altcoins around it although shibainuhas made strides improvingitsecosystem chances success remain uncertain near future .

Takeaway

In conclusion ,while both projects continue strive for dominance crypto space doge remains steady outperforming many altcoins around itshibainuhas made strides improvingitsecosystembutchances successremainuncertainnear future .

MakerDAO Sparks Lend: A Push Towards DAI Adoption and Better MKR Revenue

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• MakerDAO has launched its new vertically integrated market, Sparks Lend, to help improve DAI adoption.
• The success of MakerDAO’s stablecoin DAI is largely dependent on its acceptance across markets.
• If DAI adoption increases, it could improve the revenue generated by MakerDAO and potentially drive up MKR prices due to increased whale interest.

MakerDAO Launches Vertically Integrated Market for Improved DAI Adoption

MakerDAO has launched a new vertically integrated market called Sparks Lend in an effort to incentivize and control the success and usage of its stablecoin, DAI. This new market is designed to enable users to borrow DAI at the DSR variable rate of 1%. It also taps into Maker’s DAI Direct Deposit Module (D3M) and PSM to directly regulate the supply of DAI in its market.

Whale Interest in MKR Increases

The launch of Sparks Lend may have been one reason why whale interest in MKR increased as the percentage of large addresses holding MKR grew over the last month according to Santiment. However, its velocity continued to decline which implied that the frequency with which MKR was being traded fell and overall network growth declined. This suggests that new addresses were not particularly interested in buying MKR.

Selling Pressure on MKR Increased Due To MVRV Ratio

The MVRV ratio also rose which implies that holders would turn profits if they sold at press time leading most short-term holders selling off their coins which could potentially drive down MKR prices considerably if this happens again in future.

Tether & USD Coin Capture Majority Of DeFi Market

Tether [USDT] and USD Coin [USDC] have been dominating the DeFi market leaving behind other stablecoins such as DAI struggling for adoption rates. Integrating services with L2 solutions can help make DAI more mainstream by increasing its adoption rates which would ultimately increase revenue generated by MakerDAO through interests generated from stablecoins as well as investments made on real world assets (RWA).

Conclusion

Overall, MakerDAO’s newly launched protocol could potentially help improve DAI adoption especially if it integrates with some L2 solutions which would make it more mainstream leading to higher revenue generation for MakerDAO from various sources such as interests from stablecoins and investments made on real world assets (RWAs).

SEC Proposal May Make Crypto Custody Harder, Peirce Warns of Industry Downfall

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• The United States Securities and Exchange Commission (SEC) has proposed a new rule that may make it more difficult for cryptocurrency firms to serve as digital asset custodians in the country.
• SEC Chairman Gary Gensler said that some crypto trading platforms are not qualified custodians, and that they must comply with additional hoops such as annual audits from public accountants.
• Commissioner Hester Peirce expressed concern that this proposal would discourage investors from using entities with adequate safeguarding procedures to prevent fraud and theft.

Proposed SEC Rule

The United States Securities and Exchange Commission (SEC) has given the go-ahead to a new crypto proposal. According to it, cryptocurrency firms will have a harder time serving as digital asset custodians in the country. As per SEC Chairman Gary Gensler’s statement, the said proposal, pending official approved by the regulating body, recommends amendments to the 2009 Custody Rule that will apply to custodians of all assets, including cryptocurrencies. Normally, a qualified custodian is a federal or state-chartered bank or savings association, trust company, registered broker-dealer, registered futures commission merchant, or foreign financial institution according to the SEC.

Qualified Custodian Requirements

According to Gensler’s statement, all firms operating in the U.S., if they wish become qualified custodians under this newly proposed rule must segregate all custody assets including digital ones and also comply with additional hoops such as annual audits from public accountants among other transparency measures.

Commissioner Peirce’s Response

Commissioner Hester Peirce did not support this particular proposal stating that such stringent measures would compel investors to withdraw their assets from entities which have established adequate safeguarding procedures in order mitigate and prevent frauds and thefts. He further added that this timeframe will not allow public enough time vet all aspects of the proposal thoroughly before implementation.

Industry Track Record

Citing industry’s track record Gensler said few crypto firms were trustworthy enough to serve as qualified custodians which is why he proposed this amendment in first place .

Conclusion

The proposed amendment by SEC is an effort regulate cryptocurrency industry better ensuring investor’s funds are safe however critics fear it might adversely affect investments made through these platforms due its strict provisions .

Litecoin Booms as Bulls Take Control: Breakout Above $107 in Sight

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• Litecoin [LTC] saw a bullish market structure with attempts to break through the $100 psychological level.
• Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes „quite a bit of time.“
• There is steady demand for Litecoin and its resistance points are at $106, $115 and $132.

Litecoin Market Structure

The market structure of Litecoin was bullish. The reaction at $95 and the attempts to push above $100 meant bulls have the upper hand on the four-hour chart. On the other hand, Bitcoin [BTC] saw a small move upward from $22.8k to $23.2k over the past few days.

Fed Chairman’s Statement

Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes „quite a bit of time.“ It remains to be seen whether the market views risk-on assets more favorably in the next couple of weeks.

Market Reaction

The market reaction on 7 February suggested that crypto assets such as Litecoin [LTC] could see more gains in the coming days. The asset bounced from its support of $95, looked set to break out above $107, and knocked on the doors of resistance at $102.5 once more.

Other Metrics

The RSI showed strong bullish momentum at 59.9 while rising OBV implied steady demand behind LTC fueling its rally further. Meanwhile, spot CVD dwindled during February which suggested distribution phase was in progress but Open Interest and positive funding rate hinted towards capital entering into the market with bullish intent

Conclusion

Above $106, stiff resistances lie at levels like$115 and$132 which can act as take-profit areas while entries into long positions can be made during bullish retest of$100 zone

Lido’s TVL Drops: Is Trouble Brewing For LDO Gains?

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• Lido Finance [LDO]’s Total Value Locked (TVL) dropped in the last week due to a decrease in the values of native coins within its operating networks.
• The buying pressure for LDO has declined significantly, leading to a potential price drawback.
• Lido’s dominance of the liquid staking market has decreased since Coinbase’s entry into the market in June 2022.

Lido TVL Drops Despite Launch of ETH/LDO Factory Pool

The Total Value Locked (TVL) on Lido Finance [LDO] fell by 3% in the past week, despite the launch of a new ETH/LDO factory pool which saw over $16 million deposited during that period. This was due to a decrease in native coin prices across its operating networks like Ethereum [ETH], Polygon [MATIC], Solana [SOL], Polkadot [DOT], and Kusama [KSM].

Decrease In Native Coin Prices Impacting LDO Price

CoinMarketCap data shows that ETH’s price dropped 4%, while SOL, DOT, and KSM all experienced drops ranging from 3-6% over seven days. As such, buying pressure for LDO has decreased significantly with a potential price drawback looming on the horizon.

Lido’s Market Share Declining Following Coinbase Entry

According to Delphi Digital, Lido’s market share – which stood at 85% at the start of 2022 – has since come down to 73%. Furthermore, Dune Analytics‘ data reveals that in terms of ETH staking alone, Lido currently only controls 29% – down from 32% on May 22nd this year.

Competition Growing In Liquid Staking Market

The emergence of Coinbase as a major player in the liquid staking space is one contributing factor to this decline. Activity within their platform has driven up competition for users and led them away from other protocols like Lido.

Price Predictions For 2023-24

It remains uncertain whether or not this downward trend will continue into next year; however if it does then investors should brace themselves for further drops in both TVL and price performance for 2023-24.