Crypto Boom Review – Does it Work?

Open An Account

Introduction

In recent years, cryptocurrency has gained popularity and it is not surprising that more people are searching for ways to make a profit. One such platform is Crypto Boom, which promises significant profits for investors through cryptocurrency trading. We will be reviewing Crypto Boom to determine if it is legitimate or fraudulent.

What is Crypto Boom?

Crypto Boom uses advanced algorithms and artificial Intelligence to analyze market trends and place profitable trades. It is easy to use and accessible for both novice and expert traders. Crypto Boom boasts a success rate exceeding 90% which is a compelling proposition for anyone interested in investing in cryptocurrency.

The Benefits and Features of Crypto Boom

• Automated trading: Crypto Boom employs advanced algorithms and artificial intelligence in order to analyze market trends and place profitable trades.
• It is user-friendly: This platform was designed to be simple to use and easy to access for both novice and advanced traders.
• High Success Rate: Crypto Boom boasts a success rate exceeding 90%. This is a compelling proposition for investors.

A Brief History of the Crypto Boom

Crypto Boom was established in 2017 and has grown to be one of the most popular cryptocurrency trading platforms on the market. It has received numerous awards for its innovative approach in cryptocurrency trading.

Visit Crypto Boom

How to Use Crypto Boom

Crypto Boom is easy to use and user-friendly. This is a step by step guide to using Crypto Boom.

1. Register for an account at Crypto Boom.
2. Use one of the supported payment options to deposit funds into your account.
3. You can set your trading preferences and risk management settings.
4. Crypto Boom will take care of the rest.

Use Crypto Boom effectively with these tips and tricks

• As you get more familiar with the platform, start small and increase your investment gradually.
• Pay attention to market trends and adjust trading preferences accordingly.
• To avoid losing your money in the event of a market crash, make sure you regularly check your account balance.

Avoid Common Mistakes When Using Crypto Boom

• Too much money is being invested too fast.
• You ignore market trends and fail to adjust your trading preferences.
• Failure to withdraw profits frequently.

Visit Crypto Boom

Is Crypto Boom Real?

Potential investors are concerned about the legitimacy of Crypto Boom. After extensive research and reviewing user reviews, Crypto Boom can be confirmed to be a legitimate platform. It has received numerous awards for its innovative approach in cryptocurrency trading and the user reviews are overwhelming positive.

Comparative Analysis with Similar Platforms

Crypto Boom is different from similar platforms because of its advanced algorithms, high success rate and unique features. Crypto Boom is different from other platforms because it has advanced algorithms and a high success rate.

User Testimonials and Reviews

The platform has received a lot of positive reviews and testimonials. The platform is highly praised by users for its ease-of-use and high success rate. Crypto Boom has seen a lot of success stories from users who have made significant money.

How to sign up for Crypto Boom

It is easy to sign up for Crypto Boom. This is a step by step guide to signing up for Crypto Boom.

1. Click on the “Sign up” button at Crypto Boom.
2. Complete the registration form and provide your personal details.
3. Verify your email address.
4. Use one of the supported payment options to deposit funds into your account.

Here are some tips and tricks to sign up for Crypto Boom

• Protect your account with a strong password
• Verify your email address in order to receive important account updates.
• To protect your funds, choose a secure payment method

How to make money with Crypto Boom

Crypto Boom makes it easy to make money. Investors love Crypto Boom’s high success rate and advanced algorithms. These are some strategies and techniques to maximize profits.

• As you get more familiar with the platform, start small and increase your investment gradually.
• Pay attention to market trends and adjust trading preferences accordingly.
• To avoid losing your money in the event of a market crash, withdraw your profits regularly.

Comparative Analysis with Other Investment Options

Cryptocurrency trading can be a risky investment option. Investors should do their research before making any investments. But, trading cryptocurrency can be more lucrative than other investment options due to its high volatility.

The risks and challenges of using Crypto Boom

There are risks and challenges that Crypto Boom can present, just like any other investment option. These are the most frequent risks and challenges.

• High volatility: Prices can fluctuate quickly in the cryptocurrency market.
• Market downturns: Investors may lose their money in the event of a market crash.
• Technical Issues: There are technical issues that can arise. This could lead to trading losses or lost funds.

How to minimize risks

• As you get more familiar with the platform, start small and increase your investment gradually.
• To avoid losing your money in the event of a market crash, make sure you regularly check your account balance.
• Pay attention to market trends and adjust trading preferences accordingly.

Common Mistakes to Avoid

• Too much money is being invested too fast.
• You ignore market trends and fail to adjust your trading preferences.
• Failure to withdraw profits frequently.

Support for Crypto Boom customers

Crypto Boom provides excellent customer service. Users can reach out via email or live chat. The quality and speed of the customer service is exceptional.

How to contact customer support

• Email: support@cryptoboom.com
• Live Chat: Available at the Crypto Boom website.

High Quality Customer Support and Quick Response

The response times are fast and the customer service is top-notch. The platform’s customer service is highly praised by users for its promptness and helpfulness.

Open An Account

Conclusion

We have verified that Crypto Boom is legit after conducting extensive research and reviewing user reviews. Investors looking to make a profit trading cryptocurrency can benefit from the platform’s sophisticated algorithms and high success rates. Investors should conduct thorough research on cryptocurrency trading and be aware of potential risks.

FAQs

What is Crypto Boom?

Crypto Boom is a cryptocurrency trading platform. It uses advanced algorithms, artificial intelligence, and market trends to make profitable trades.

What is the Crypto Boom?

Crypto Boom employs advanced algorithms and artificial Intelligence to analyze market trends and place profitable trades.

Is Crypto Boom real?

Yes, Crypto Boom can be used legally.

What is the maximum amount of money I can make from Crypto Boom?

Crypto Boom’s ability to make money depends on many factors, including market conditions and your investment amount.

What are the potential risks associated with using Crypto Boom?

High volatility, market downturns and technical issues are all risks associated with Crypto Boom.

How can I sign up to Crypto Boom?

Click on the “Sign up” button to sign up for Crypto Boom.

How can I withdraw my Crypto Boom earnings?

Crypto Boom allows you to withdraw your earnings by logging into your account and clicking the “Withdraw” button.

Is there a minimum amount that Crypto Boom requires?

Yes, Crypto Boom requires a minimum investment of $250.

How can I get in touch with Crypto Boom customer service?

Crypto Boom customer service can be reached via email or live chat.

Is Crypto Boom available on mobile?

Crypto Boom doesn’t have a mobile app right now.

Bitcoin Investor Review – Does it Work?

Open An Account

Introduction

In recent years, cryptocurrency has been a popular investment option. As such, there are many platforms that help investors to buy and sell digital assets. Bitcoin Investor is one such platform. We will examine Bitcoin Investor’s legitimacy and decide if it is legitimate or fraudulent.

What is Bitcoin Investor?

Bitcoin Investor is a trading platform that allows investors to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Fully automated means the platform uses algorithms to analyze market trends, execute trades for investors and then sends them back. The platform claims it can make profitable trades for investors even in volatile markets.

The benefits of using an investor

• This platform claims it can generate substantial profits for investors with very little effort.
• Fully automated trading systems mean that investors don’t need to be experts in cryptocurrency markets to trade.
• It has an intuitive interface that is simple to use.

How Bitcoin Investor worksBitcoin Investor uses a sophisticated algorithm to analyze market trends, and then make trades based upon those trends. The algorithm takes into consideration market volatility, trading volume, news events, and any other factors that could impact the price of cryptocurrency. This platform claims it can execute trades faster than similar platforms. Investors can then take advantage of market trends before these changes occur.

Visit Bitcoin Investor

Bitcoin Investor is a Scam?

This is the main question that everyone wants to know, and it’s a good one. There are many fraud investment schemes, so it is important to find out if Bitcoin Investor is a legitimate trading platform. We have concluded that Bitcoin Investor is not a fraud after extensive research. There are many testimonials and positive reviews from satisfied investors about the platform. It has a solid reputation within the cryptocurrency community.

Analyse of reviews and testimonials

Many investors have reported significant profits through Bitcoin Investor, as reflected in the positive reviews and testimonials. Although it is important to be cautious about the reviews, the overwhelming majority of them are positive and suggest that the platform can be trusted.

Investigate the company behind Bitcoin Investor

Bitcoin Investor is managed by an experienced team of traders with a proven track record in the cryptocurrency market. It is subject to regulatory oversight because it is registered and licensed. The company also has transparent fees and gives investors clear information about the potential risks of trading cryptocurrencies.

Visit Bitcoin Investor

How to Use Bitcoin Investor

It is easy to use Bitcoin Investor. This is a step-by–step guide on how to get started with Bitcoin Investor.

1. Register for an account on the Bitcoin Investor website. Enter your name, email address and phone number to create an account.
2. Fund your account: In order to trade, you will need to fund your account. Bitcoin Investor accepts many payment methods including bank transfers and credit cards.
3. Trade: After your account has been funded, you are able to trade. Bitcoin Investor is an automated trading platform that executes trades for you. It doesn’t require any prior knowledge of the cryptocurrency market.

Tips to be a successful Bitcoin Investor

• Start small: Although Bitcoin Investor claims that it can generate large profits, it is a good idea for beginners to begin with a modest investment.
• You need to be vigilant about your account. Although Bitcoin Investor can be fully automated, you still need to monitor your account to make sure everything runs smoothly.
• Do not invest more than what you can afford to loose. There is always a chance of losing. Only invest what you are able to afford to lose.

Bitcoin Investor Features

Bitcoin Investor is a popular choice for cryptocurrency investors due to its many features. Here are some key features:

• Automated trading: Bitcoin Investor uses a sophisticated algorithm to analyze market trends, execute trades for investors, and then does the rest.
• Fast execution: This platform claims it can execute trades faster than similar platforms. Investors can then take advantage of market trends before these changes occur.
• Interface is user-friendly: Even for beginners, the platform’s interface is simple to use.
• Multi-device compatibility: Bitcoin Investor can work from multiple devices, including laptops and desktop computers.

Comparative analysis with similar platforms

Bitcoin Investor is different from other similar platforms because of its speed and user-friendly interface. The platform is also well-respected in the cryptocurrency community, which indicates that it can be trusted as an investment option.

Bitcoin Investor Fees

Bitcoin Investor charges a 2% commission on all profits made through the platform. This fee is much lower than other platforms that can charge up to 5%. Investors can feel confident that there are no hidden charges or fees, so they know that they are getting a fair deal.

Comparative analysis with similar platforms

Bitcoin Investor charges a much lower fee than other similar platforms. The platform makes it transparent about its fees so investors can make informed decisions about investments.

Tips to reduce fees

• Invest long-term. The fees you pay for an investment are less if you keep it.
• Avoid frequent trading. Each trade is subject to a fee so it’s important to avoid frequent trading.
• Compare fees across platforms. Before you invest, make sure to compare the fees on different platforms.

Bitcoin Investor Security

Bitcoin Investor is committed to security and has taken a number of measures to protect investors’ funds and data. Here are some key security features.

• Two-factor authentication: Bitcoin Investor requires 2-factor authentication for all logins. This helps to prevent unauthorised access to your account.
• SSL encryption: The platform uses SSL encryption in order to protect users’ data from being intercepted or altered by third parties.
• Cold storage: Bitcoin Investor holds the majority of its funds in cold storage. This means they are offline and less susceptible to hacking.

Comparative analysis with similar platforms

Bitcoin Investor is a more secure platform than other similar ones. It has strong security measures to protect funds and data. While two-factor authentication is common in the industry and SSL encryption are standard, Bitcoin Investor stands out because it uses cold storage.

Customer Support for Bitcoin Investors

Bitcoin Investor provides customer support via email and telephone. For email inquiries, the platform claims that it can respond within 24 hours. Customer support is available 24/7.

How to contact Bitcoin Investor Support

Visit the website of Bitcoin Investor and click the “Contact Us” link. You can send a support request by email or telephone.

Analyse of customer support reviews

Bitcoin Investor’s customer service reviews are generally positive. Many investors report quick and helpful responses. Although there are some negative reviews about Bitcoin Investor, they are not indicative of a bigger problem.

Bitcoin Investor Pros and Cons

Here are the benefits and drawbacks of using Bitcoin investor:

Pros:

• Automated trading system
• Fast execution
• Interface that is user-friendly
• Low fees
• Security measures taken to ensure your safety

Cons:

• No mobile app
• There are limited payment options

Analyse of the pros and cons

Overall, the benefits of Bitcoin Investor outweigh any cons. Although the absence of a mobile app or limited payment options might be a problem for some investors, Bitcoin Investor is a great choice for cryptocurrency trading.

Open An Account

Conclusion

We have done extensive research and determined that Bitcoin Investor can be trusted to help cryptocurrency investors make profit in trading. It has a solid reputation in the market and provides a wide range of features that make it an attractive choice for investors.

Final verdict on Bitcoin Investor scam or not

Our research has shown that Bitcoin Investor isn’t a fraud. Bitcoin Investor has many positive testimonials and reviews from satisfied investors and has a solid reputation within the cryptocurrency community.

FAQs regarding Bitcoin Investor

1. What is Bitcoin Investor?
   
   Bitcoin Investor is a trading platform that allows investors to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

2. What is the work of a Bitcoin Investor?
   
   Bitcoin Investor uses an advanced algorithm that analyzes market trends to make trades based upon those trends. It executes trades for investors and is therefore fully automated.

3. Are Bitcoin Investors safe?

Yes, Bitcoin Investor can be trusted. There are many security measures in place, including two-factor authentication, SSL encryption, cold storage, and cold storage.

4. How much does Bitcoin Investor charge in fees?
   
   Bitcoin Investor charges a 2% commission on all profits made through the platform.

5. How do I reach customer service at Bitcoin Investor?
   
   Contact customer service at Bitcoin Investor via email or telephone. Visit the website of the platform and click the “Contact Us” link.

6. What are the benefits to using Bitcoin Investor?

Bitcoin Investor offers many benefits, including automated trading, quick execution, a user-friendly interface and low fees.

7. How do I use Bitcoin Investor?
   
   Simply sign up to Bitcoin Investor and fund your account. Then, you can start trading.

8. Is there a mobile app for Bitcoin Investor?
   
   Bitcoin Investor currently does not have a mobile app.

9. Can I withdraw my Bitcoin Investor funds at any time?

You can withdraw funds from Bitcoin Investor at any moment.

10. Is there a Bitcoin Investor in my country?
    
    Bitcoin Investor is available in all countries.

• Microsoft is quietly testing a built-in non-custodial cryptocurrency wallet in its Edge browser.
• The wallet would have a user interface for making crypto payments, browsing decentralized applications, and buying cryptocurrency through Coinbase and MoonPay.
• Other major web browsers such as Opera have also added support for built-in crypto wallets as adoption grows.

Microsoft Testing Built-In Crypto Wallet

Microsoft has been secretly testing a built-in non-custodial cryptocurrency wallet for its Edge browser. According to screenshots shared by software researcher Albacore, the wallet will provide users with an intuitive user interface for making crypto payments or accessing DeFi and Web3 applications. Features of the wallet include the ability to buy cryptocurrency through Coinbase and MoonPay, browse different marketplaces to find NFTs, and manually add custom tokens.

Non-Custodial Wallet

The onboarding process of the wallet states that it is non-custodial meaning users are completely in control of their funds without Microsoft having access to their password or recovery key. It is also embedded into Edge so there is no need to install any extension in order to use it.

Microsoft’s Interest In Crypto Space

This experiment with a crypto wallet comes as Microsoft has been involved with the crypto space in numerous ways including expressing great interest in the metaverse. However, recently they discontinued their Industrial Metaverse Core team which was aimed at encouraging the use of metaverse in industrial environments resulting in about 100 employees being laid off from this project.

Other Browsers Offering Crypto Wallets

Microsoft Edge is not alone when it comes to offering built-in crypto wallets as other major web browsers have followed suit by adding similar features due to increasing demand from users. Examples include Opera which has been supporting cryptocurrencies since 2018 initially adding support for Ethereum but later expanding its list of supported currencies over time.

Conclusion

Cryptocurrency adoption continues to grow as more companies are integrating them into their services and products while web browsers are leading the way by providing users with easy access through built-in wallets that require little setup on behalf of users while still ensuring complete control over funds at all times

• Russian anti-money laundering regulator Rosfinmonitoring is monitoring over 25,000 crypto users.
• It believes cryptocurrencies are being used for money laundering and has conducted 120 crypto-related investigations.
• The body has developed blockchain analytics software to improve its monitoring capabilities.

Russian AML Regulator Monitors Crypto Users

The top Russian anti-money laundering regulator, Rosfinmonitoring, says it is “monitoring” over 25,000 cryptocurrency users – and claims it has sophisticated tools that let it detect illegal activities. The agency suspects cryptoassets are being used as a money laundering tool in many instances.

Crypto Use Growing in Russia

Per Finam, Yury Chikhanchin, the head of Rosfinmonitoring, recently held a crypto-themed meeting with President Vladimir Putin. Chikhanchin was quoted as stating that “unfortunately,” the “volume of use” of “cryptocurrencies” was “growing” in Russia and turnover is estimated at over BTC 630K. He added that the body had conducted about 120 crypto-related investigations which had led to criminal prosecutions.

Rosfinmonitoring Uses Blockchain Analytics Software

The Rosfinmonitoring chief claimed that advances in blockchain analytics software had helped the body increase its monitoring capabilities. In 2020, the body began using a de-anonymizing solution in conjunction with VTB Bank which allowed them to monitor transactions on the Bitcoin blockchain protocol but can now be used for over 20 other networks too. Testing with this tool is now underway at other government organs such as Internal Affairs and Security Service too.

Assistance Asked From Other CIS Countries

Chikhanchin concluded that regulators from several Commonwealth of Independent States countries have asked Rosfinmonitoring to provide them with the same solution they have created using blockchain analytics software and de-anonymizing technology.

Conclusion

The long-serving head of Rosfinmonitoring met with President Putin to discuss cryptocurrencies and their potential use for money laundering purposes. The organization is utilizing sophisticated tools such as blockchain analytics software and de-anonymizing solutions along with other government agencies to monitor more than 25K participants involved in crypto operations in Russia and beyond its borders into other CIS countries who have requested assistance from them too

• Prices of non-fungible tokens (NFTs) have been increasing, despite cryptocurrency prices remaining stagnant.
• This rally in NFT prices has occurred despite broader derisking in traditional asset classes and an increase in regulatory pressure on centralized crypto firms.
• The surge in trading volumes provides support for the price increases.

Price Increase of Non-Fungible Tokens

Despite the prices of most major cryptocurrencies stagnating over the course of the last 30-days, with the likes of Bitcoin and Ethereum only up a respective 1.7 and 4.0% and BNB and XRP down 3.9% and 7.0% each according to CoinMarketCap, the prices of non-fungible tokens (NFT) have been pumping. According to NFT Price Floor, the price floor to get your hands on an NFT from the Bored Ape Yacht Club (BAYC) collection has jumped 17.5% over the course of the last 30-days to $117,750.

Macroeconomic Headwinds

The rally in NFT prices comes despite broader derisking in traditional asset classes, with a string of strong US data releases last month boosting Fed tightening bets – with inflation heating up again and US economic activity and labor markets remaining robust, the Fed is now seen taking interest rates to around 5.5% by the middle of the year, versus expectations for rate hikes to pause around 5.0% only one month ago. Such a shift in Fed tightening expectations has typically been a negative for digital assets, which are still very much viewed as a speculative asset class. In such circumstances, NFTs have historically been one of the worst-hit sectors of the crypto space. The rally in prices also comes amid a ramp-up in regulatory pressure on centralized crypto firms in the US, with the SEC recently targeting Kraken over its staking program and Paxos over its issuance of BUSD.

Surging Trading Volumes

Prices have been able to remain resilient amid a surge in NFT trading volumes. According to a just-released monthly report by DappRadar, trading volumes surpassed $2 billion in February 2021–the highest monthly trading volume since May 2022–and top seven exchanges saw total trading volumes exceed $2 billion during this time period too.. Notably driving these high levels of liquidity was Blur Network with more than 70 percent share among all exchanges during this period according to DappRadar’s data sources..

Price Battle Between Two Heavyweight Exchanges

A key factor that has contributed towards this surge is what can be termed as ‘price battle’ between two heavyweight exchanges – OpenSea & Rarible—which saw both platforms pushing their own marketplaces lower transaction fees compared to one another throughout February 2021 per DappRadar’s report.. This tit for tat pricing dynamic caused users from both OpenSea & Rarible chase after lower fees stimulating higher levels overall demand that ultimately pushed up NFT prices across all collections..

Conclusion

In conclusion it appears that traders are seeing potential value within certain types of non fungible token assets despite macroeconomic headwinds still present within other parts traditional asset classes like stocks or bonds.. Furthermore competition between two large marketplaces—OpenSea & Rarible—are acting as propellant into higher valuations as they compete against one another offering ever decreasing transaction fees ..

• Blockchain security firm PeckShield has uncovered a new crypto scam impersonating ChatGPT.
• The scam tokens are honeypots and have high sell taxes, leading to losses of nearly 100% for investors.
• Microsoft announced the launch of an AI-powered Bing search engine that is more powerful than ChatGPT.

New Crypto Scam Impersonating ChatGPT

Blockchain security firm PeckShield has discovered a number of cryptocurrency scams designed to take advantage of the popularity of the ChatGPT AI chatbot. According to PeckShield’s tweet, some of these tokens appear to be honeypots with high sales tax, resulting in losses of up to 100%.

What Are Honeypots?

A honeypot is a type of scam whereby malicious actors create fake crypto wallets in order to attract victims into investing or trading. The scammers often pose as legitimate businesses or organizations, promising services or rewards in exchange for cryptocurrency.

High Sales Taxes

Many legitimate projects use sales tax as a way to incentivize long-term holding and reward token holders. However, fraudulent projects often set their sales taxes at 100% in order to steal money from unsuspecting users. Two out of the three identified tokens had already dropped by almost 100%, while another one fell by 65%.

Microsoft Launches Bing Search Engine

Earlier this month, Microsoft announced the launch of an all-new AI-powered Bing search engine that utilizes OpenAI’s large language model – making it more powerful than ChatGPT. This has only further increased interest in the chatbot craze and led to even more scams trying to capitalize on its popularity; according to DEXTools, there are 175 coins called ‘ChatGPT’ issued on several different blockchains like BNB Chain, Ethereum, Arbitrum etc., showing hundreds of thousands dollars in trading volume.

Final Thoughts

It is important for investors to do their due diligence before investing any money into cryptocurrencies – no matter how promising they may seem – and always be aware that there are malicious actors who will go out of their way trying to take advantage of them.

• The Central Bank of the UAE (CBUAE) launched the Financial Infrastructure Transformation (FIT) program to facilitate digital transformation in the financial sector.
• The International Monetary Fund (IMF) issued a warning to El Salvador regarding the risks associated with Bitcoin adoption.
• The news is positive for Bitcoin, as it could boost its security and operational resilience while also improving customer experience.

CBUAE Launches FIT Initiative

The Central Bank of the United Arab Emirates (CBUAE) has introduced a Financial Infrastructure Transformation (FIT) program to facilitate digital transformation in the financial sector. This program will be rolled out in phases, beginning with various digital payment infrastructures and services. Additionally, this initiative will expand to include data management and regulation related digital infrastructures, which will help improve security, operational resilience and customer experience while reducing operating costs and enhancing regulatory compliance.

IMF Issues Warning To El Salvador

The International Monetary Fund (IMF) released a caution declaration following its recent visit to El Salvador where it contacted country’s financial representatives about the potential risks associated with Bitcoin adoption. The IMF warned that El Salvador should address any potential legal, technical or macroeconomic challenges before proceeding with any plans for widespread adoption of cryptocurrencies.

Positive News For Bitcoin

The news from CBUAE and IMF is positive for Bitcoin as it could boost its security and operational resilience while also improving customer experience. Additionally, more widespread implementation of cryptocurrencies would increase consumer confidence in digital assets as well as providing more avenues for investors to diversify their portfolios into crypto investments without worrying too much about volatility or lack of liquidity on some exchanges.

Death Cross & Price Prediction

On February 13th BTC/USD started trading at $21,796 but has moved between a high of $21,902 and low of $21,444 losing 6% over last week ending on February 12th forming its first-ever “death cross” pattern which many analysts think signals bearishness ahead. Although there is no way to know exactly how BTC/USD will react due to this new formation it goes without saying that prices may drop further given current market conditions so caution is advised when investing in cryptocurrency at this time.

Conclusion

Overall it can be concluded that despite short-term bearishness signaled by BTC/USD’s first-ever “death cross” pattern long term prospects remain bright given initiatives like FIT being implemented by CBUAE which aim to promote digital transactions as well as warnings by IMF addressing potential risks associated with cryptocurrency adoption such as legal challenges or macroeconomic instability which could impact prices drastically if not properly addressed upfront.

• Bitcoin neared its seventh “golden cross” in 10 years, whales discussed potential altcoins, and crypto assets under management surged 36.7%.
• Ethereum developers launched the Zhejiang testnet, Mike Novogratz endorsed Binance and a Premier League backed Sorare’s NFT fantasy football game.
• Changsha accepted digital yuan payments, frauds like BonqDAO lost $120 million and US Senators demanded answers from Silvergate over FTX’s misuse of customer funds.

Bitcoin Market Activity

This week in crypto saw Bitcoin nearing its seventh “golden cross” in 10 years, with analysts discussing which altcoins had huge potential for the future of the crypto world. Crypto assets under management surged by 36.7% in January and Grayscale’s situation remained delicate. Ark Invest CEO Cathie Wood also stood by her thesis that bitcoin would hit $500,000 by 2030.

Ethereum Developments

Ethereum developers launched the “Zhejiang” testnet and Mike Novogratz endorsed Binance and urged success for CEO CZ. The first-ever NFT and metaverse assets-focused ETF announced closure due to market conditions, while Rally announced the closure of its sidechain operations due to a lack of funding. However, Premier League ignored the crypto chaos and backed Sorare’s NFT fantasy football game.

CBDC News

Over 300,000 stores and vendors in Changsha, China now accept digital yuan payments while India’s largest retailer Reliance Retail announced plans to accept payments in the digital rupee.

Crypto Frauds

BonqDAO lost $120 million in a hack while CertiK revealed two individuals behind a several-million-dollar heavy scam. A Canadian man allegedly lost his home and his entire life savings after falling victim to a crypto scam; South Korean police were probing an $8 million dollar crypto scam; North Korean hackers finished laundering 17,278 ETH valued at over $27 million; and US said that crypto industry security vulnerabilities allowed North Korean hackers to steal more than $1 billion dollars over two years.

Silvergate & FTX Relations

US senators demanded answers from Silvergate over FTX’s misuse of customer funds; Australian regulators probed FTX before its collapse; Sam Bankman-Fried requested to meet with new FTX CEO John Ray; a South Korean ministry; local law firm; Samsung affiliate included on creditor list; Grayscale sued by Osprey Funds over how it promotes Grayscale Bitcoin Trust Fund; Coinbase won legal battle related to lawsuit by clients alleging platform facilitated sale of unregistered securities

• Blockchain and Web3 provide opportunities for communities to use novel technology to solve issues specific to them.
• Examples of this include universal basic income, undercollateralized loans, and micro-work.
• The most active hubs for this technology are in Nigeria, Kenya, Uganda, Brazil, and Colombia, among others.

Blockchain and Web3 are revolutionizing the way people interact with technology and the opportunities that come with it. With the introduction of these new technologies, communities have the ability to use them to solve issues specific to them. In particular, communities are utilizing these advancements to provide access to universal basic income, undercollateralized loans, and micro-work.

Celo, an open-source, mobile-first platform, has a global ecosystem comprised of builders from 150 countries, many of whom are in emerging markets. The most active hubs for this technology are located in Nigeria, Kenya, Uganda, Brazil and Colombia, among other countries. In Brazil, for instance, projects are being created to protect the Amazon, while in Kenya, projects are focused on enabling microwork due to the high unemployment rate and young population.

The value of Web3 is measured by metrics such as total value locked, but it can also be measured by the communities and basic needs that are being met. Web3 has enabled communities to gain access to resources that they would not have been able to access before. For instance, a homeless person in Nigeria was able to quadruple their monthly income through the use of Web3 technology.

Overall, blockchain and Web3 are providing communities with the tools and resources they need to solve their own unique issues. Not only are these technologies providing access to resources, but they are also connecting people in ways they never thought possible. As more and more communities adopt these technologies, the world is becoming increasingly interconnected.

• The solana price is down by 1% today, but has seen a 26% increase in a week and a 71% surge in the last 30 days.
• SOL is exhibiting strong momentum, with its relative strength index (purple) remaining close to 70, and its 30-day moving average (red) rising up to its 200-day average (blue).
• Solana is on the path to recovery, evidenced by its 70% price increase in the past month, and its launch of Solana-based meme token BONK.

Solana is a layer-one blockchain that is currently experiencing a resurgence in price, having seen a 26% increase in a week and a 71% surge in the last 30 days. The altcoin is currently trading at $21.03, down by 1% in the past 24 hours, but still significantly higher than its recent lows.

This resurgence is partly due to the launch of Solana-based meme token BONK, which has attracted a lot of attention and increased the traffic on the blockchain. At the same time, Solana is also benefitting from some of the updates it has been rolling out in the second half of 2022, which have restored confidence in the project and put it on the path to recovery.

The current momentum of SOL is evidenced by its technical indicators. The relative strength index (purple) is close to 70, despite having had a dip a few days ago, while its 30-day moving average (red) is rising up towards its 200-day average (blue). This suggests that SOL may be in the middle of a breakout to a new longer term level.

Given the promising outlook for Solana, traders may be tempted to invest in the altcoin in hopes of profiting from its price increases. However, there are other more profitable alternatives, such as move-to-earn crypto Fight Out. Fight Out is a presale token that offers traders the opportunity to capitalize on short-term gains, while also participating in the development of the project.

Overall, Solana’s recovery appears to be on track, with its recent price increases suggesting that it may soon be on the way to $50. However, traders should also consider other options, such as Fight Out, as these may offer better returns in the short-term.