Is Bitprofit Legit or a Scam? A Comprehensive Review
Bitprofit Review – Does Bitprofit Scam? Open An Account Introduction Bitprofit is one platform that caters to growing demand for cryptocurrency trading. Cryptocurrency has become a popular term in the financial industry. Is Bitprofit a fraud or legitimate platform? This blog post will discuss the technicalities of Bitprofit’s system, its potential return on investment, security, and other issues. What is Bitprofit? Bitprofit, a cryptocurrency trading platform claims it can generate profits for its users thanks to its advanced trading algorithms. It allows users to trade a wide range of cryptocurrencies including Bitcoin, Ethereum and Litecoin. What is Bitprofit? Bitprofit employs advanced trading algorithms to analyze cryptocurrency markets and place profitable trades for its users. Bitprofit claims to have a success ratio of as high as 90% which means that almost all its trades result in profit for its users. What is the need for Bitprofit, you ask? For beginners, cryptocurrency…
13 Best Crypto Gaming Coins to Invest in for 2023
• The 13 most promising gaming crypto coins to invest in right now are Metacade (MCADE), DApp Rader (DAPR), Axie Infinity (AXS), Enjin Coin (ENJ), STEPN (GMT), Star Atlas (ATLAS), The Sandbox (SAND), ApeCoin (APE), Upland (UPX), Gala Games (GALA), Decentraland (MANA) AltSignals (ASI) and Illuvium (ILV). • These gaming tokens offer a variety of features, from play-to-earn arcade games to content creation rewards. • Metacade is a comprehensive GameFi platform with the goal of becoming a central hub for the Web3 community. The 13 Best Gaming Coins to Invest in – 2023 Crypto gaming coins are some of the most sought-after investment opportunities in Web3, and for good reason. The GameFi sector is a fast-growing industry that has the potential to revolutionize traditional gaming forever. For anyone seeking the best gaming tokens to buy right now, here are 13 of the most promising investments available now: Metacade (MCADE) What…
Bitcoin Blasts Past $26K as CPI Spurs Bullish Sentiment
• Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours. • US inflation data showed CPI rose 6% in the past 12 months in February. • On-chain data suggests BTC price could rally to $30,000 in the short term. Bitcoin Price Hits 26K Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours. This was a result of the crypto market reacting positively to the latest Consumer Price Index (CPI) data by the US Department of Labor. The total crypto market cap surged by more than 14%, and major altcoins like Ethereum and BNB hit highs of $1,750 and $315 respectively. US Inflation Data The US Department of Labor reported that CPI rose 0.4% in February and 6% over the last year – aligning with market expectations. The core CPI, which excludes food and energy items, increased by 5.5%. Stocks opened…
$MCADE Presale Now Live: Play, Earn, Build & Connect!
• Crypto and stocks reacted negatively to comments about US inflation by Fed Chair Jerome Powell. • Bitcoin traded to lows of $22,120 while the S&P 500 fell 1%. • Investors are now likely to turn their attention to the next Fed meeting in March. Crypto Market Reaction Cryptocurrencies fell early Tuesday, with Bitcoin trading towards support around $22,100 on broader market reaction to comments from Federal Reserve Chair Jerome Powell. Coin360 crypto map showing price dump after Powell’s remarks. Source: Coin360 Stock Market Reaction The reaction also saw US stocks slip after Monday’s gains, with investors appearing to have been spooked by Powell’s remarks on interest rates. Crypto, stocks fall on Fed Chair remarks Federal Reserve Comments Powell was on Tuesday making his first of two appearances before US Congress – first at the Senate Banking Committee and on the second day, at the House Financial Services Committee. The…
Wakweli Raises $1.1M: Bringing NFT Trust to Web3 Ecosystem
• Wakweli is a web3 infrastructure protocol that has closed and announced it successfully raised $1.1 million in its seed funding round. • The protocol uses a decentralized consensus algorithm called Proof-of-Democracy (PoD) and aims to create a reference of trust for the decentralized ecosystem for preserving market integrity of tokenized assets. • Several investment firms including Summit, Funfair Ventures, several business angles, and dozens of early investors participated in the funding round. NFT Certification Protocol Wakweli Raises $1.1M in Its First Funding Round Wakweli, a Web3 infrastructure protocol that issues NFT authenticity certificates, has closed and announced that it succeeded in rising $1.1 million in its seed funding round. The funds will enable Wakweli to roll out its product offerings which use a decentralized consensus algorithm called Proof-of-Democracy (PoD). Several investment firms including Summit, Funfair Ventures, several business angels, and dozens of early investors participated in the funding round…
CoinEx Sued For Failing to Register With New York AG Office
• The New York Attorney General Letitia James has sued cryptocurrency exchange CoinEX for failing to register its services with the state. • CoinEX also failed to comply with a subpoena it was served a few weeks ago, presenting itself as an exchange. • The petition wants to stop the cryptocurrency exchange from carrying out unauthorised activities in New York and obtain an accounting of all fees received from New York customers. New York Attorney General Sues CoinEx The New York Attorney General Letitia James has sued cryptocurrency trading platform CoinEX for failing to register its services with the state, according to a petition filed in the Supreme Court of the State of New York on Wednesday. The crypto exchange also failed to comply with a subpoena it was served last month. CoinEx Offers Unauthorized Services The lawsuit alleges that CoinEx offered, sold, purchased and effected transactions in cryptocurrencies that…
Ethereum Price Could Still Rally: Technical Analysis Reveals Bullish Outlook
• Ethereum rebounded in 2023 after a bearish market in 2022. • A triangle as a reversal pattern reveals a bullish medium-term perspective. • The rally on the small timeframes might continue. Cryptocurrency Market Rebound The cryptocurrency market rebounded in 2023 after a bearish market in 2022. Bitcoin led the decline, and other cryptocurrencies such as Ethereum followed suit due to the US dollar’s strength and other factors such as the FTX scandal which left many investors without funds. ETH/USD Long-Term View On the monthly chart, $1000 acted as solid support for Ethereum. Often, round numbers offer support or resistance, and this appears to be the case here since it is a large timeframe chart – making any support or resistance even stronger. Therefore, Ethereum bounced from this level of support. Medium-Term Perspective Looking at the daily chart, there is still a bullish bias present in Ethereum’s price action. The…
Crypto Business Leaders: Computer Science & MBA Dominate!
• Most crypto business leaders studied Computer science or MBA, according to Coinjournal’s Dan Ashmore. • The University of California leads the way as the most common institution attended by crypto executives. • North America leads the way in terms of crypto salaries with employees earning an average of $120,000 annually. Crypto Leaders Studied Computer Science or Have an MBA Coinjournal’s analyst Dan Ashmore spoke to CNBC earlier this week, where he discussed various trends in the cryptocurrency space. While speaking to CNBC, Ashmore revealed that during the early days of crypto, the industry welcomed people from various fields, including less popular ones like philosophy. However, as the industry continues to evolve, most cryptocurrency leaders either have an MBA or study computer science and other related courses. Universities Attended by Crypto Executives When asked about the crypto executives that studied computer science or have an MBA, Ashmore replied that the…
Unlock $26 Billion: Ethereum’s Shanghai Upgrade Looms in March
• Ethereum’s Shanghai upgrade is slated for March and will release 16.1 million ETH, worth $26 billion, back into circulation • Ethereum transaction volume has decreased from a peak of 1.5 million per day to around one million currently • Total Value Locked (TVL) in Ethereum is down 74% from its peak of $109 billion in November 2021 Ethereum’s Upcoming Shanghai Upgrade The much-awaited Shanghai upgrade is slated for March. This upgrade will unlock 16.1 million ETH, which is equivalent to 15% of the entire supply, and worth close to $26 billion at time of writing. Transaction Volume and TVL Decline Transaction volume for Ethereum has decreased from a peak of 1.5 million transactions per day to around one million currently. Total Value Locked (TVL) in Ethereum is also down to $28 billion, a 74% fall from its peak of $109 billion in November 2021. Capital Flight From The Space…
High Bitcoin Hash Rate Keeps Network Secure and Growing
• The Bitcoin hash rate is the amount of computing power contributed towards mining. • It has continued to take new all-time highs, squeezing miners‘ profitability. • A high hash rate implies a healthier and more secure Bitcoin network. The Bitcoin hash rate is an indicator of the amount of computing power that is being devoted to the network through mining. This power, which is used to validate transactions and secure the Bitcoin network, has been steadily increasing over the last few years, reaching all-time highs in recent months. This has had a profound impact on miners, as the increase in hash rate has driven up competition and squeezed miner profits, at a time when electricity costs have risen and the Bitcoin price has fallen. For many, the increasing hash rate is a sign that Bitcoin is growing in popularity and becoming more secure. As more miners join the network,…
