A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […]
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Indian Authority Arrests Man in Crypto Extortion Case – News Bytes Bitcoin News
Veteran Trader Who Bought Dogecoin Early Says This Ethereum Token Is Headed For A 9,000% Rally
A famous veteran trader who made $6 million in profits buying Dogecoin (DOGE) early in 2020 is igniting massive FOMO in the crypto community as he touts the ETFSwap (ETFS) DeFi token selling at $0.01831 in its viral ICO to rally 9,000% as the crypto summer approaches.
Dogecoin (DOGE) Falls Behind ETFSwap (ETFS) In Profitability Rankings
Dogecoin (DOGE) is losing its hype in the crypto markets as it falls behind ETFSwap (ETFS) in profitability rankings and high ROI potential to investors following veteran trader bullish statements of the ETFS DeFi token to rally 9,000% and surpass DOGE 2021 price surge.
The veteran trader who believes in ETFSwap (ETFS) potential to scale a small $500 investment into six figures has rotated 50% of his net worth into the ETFSwap (ETFS) viral ICO to position for a 9,000% rally. Top crypto analysts report the veteran trader’s bullish predictions of the ETFS DeFi token to drive million-dollar investments of retail, big whales, and institutional players into ETFSwap (ETFS) undervalued ICO.
Meanwhile, Dogecoin (DOGE) price has suffered liquidations as investors, including the veteran trader, take profit to secure limited spots in the ETFSwap (ETFS) viral ICO.
Veteran Trader Invests $3 Million Into ETFSwap (ETFS) ICO To Position For 9,000% Rally Forecasts
ETFSwap (ETFS) DeFi Ethereum token selling at a one-time low price of $0.01831 has become the most talked about cryptocurrency in the industry after receiving 9,000% rally predictions and $3 million investments from famed veteran trader who massively profited from Dogecoin (ETFS) 2020 rally.
The ETFSwap (ETFS) DeFi token has gained much popularity among smart crypto traders and investors who trade on its user-friendly DeFi platform, which lists the most profitable cryptocurrencies and tokenized ETFs. The DeFi token is a store of value for smart crypto holders holding it for 9,000% gains. It also serves as a utility token that can be swapped into other invaluable and high-ROI tokenized ETFs, including commodity, bond, spot Bitcoin, spot Ethereum, equity, market, and leveraged ETFs. Smart crypto traders and investors leveraging ETFSwap (ETFS) are gaining financial freedom as it provides them up to 100x trading leverage to amplify gains on tokenized ETFs up to 50,000%.
Crypto traders can also use the 100x leverage to profitably trade futures and perpetual contracts of various cryptocurrencies, including Dogecoin (DOGE). The ETFSwap (ETFS) DeFi platform is designed to scale the profitability of crypto investors and limit their exposure to trading risks by providing them with advanced AI tools and strategies. The AI trading tools include the ETF Screener, ETF Tracker, and ETF Filter tools, among others. These AI tools help crypto investors and traders monitor the profitability potential of various tokenized ETFs in the markets. It also allows them to find the best and most profitable tokenized ETFs that can flip their investments into six figures.
ETFSwap (ETFS) users and investors can build wealth and earn passive income when they stake their tokenized ETFs and crypto assets on the DeFi platform. They also receive up to 87% APR in staking yields when they provide liquidity to the DeFi platform. The ETFSwap (ETFS) DeFi platform provides equal investment and wealth-building opportunities to its smart crypto traders and investors. Crypto users can tokenize their real-world assets (RWA) on the DeFi platform and become a part of the tokenization revolution. They can also trade their tokenized real-world assets (RWA) on-chain alongside institutional players and smart money.
The DeFi platform provides instant transfers and settlements of users’ tokenized funds and traders’ profits. ETFSwap (ETFS) is protected from cyber attacks. Its DeFi platform smart contracts are audited by a top global security firm, CyberScope, which reports that it is highly safe to use. The ETFSwap (ETFS) project and developer team have completed KYC with SolidProof.
Conclusion
The ETFSwap (ETFS) Ethereum token, selling at an affordable $0.01831, is about to become scarce as smart crypto investors troop into its ICO presale with significant dollar investments to position for 9,000% gains forecasted by a famed veteran trader who invested $3 million in the presale.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC
Critics of Sun’s involvement don’t understand the operational mechanics, the crypto custodian’s CEO, Mike Belshe, said during an X Space discussion.
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Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court's 10% Reversal Rate – Legal Bitcoin News
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]
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Privacy Fears Undermine Support for Digital Euro in Germany – News Bytes Bitcoin News
Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel has called cash “sacred” in Germany, reflecting deep-rooted concerns about losing […]
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$590M Silk Road Bitcoin sale unlikely, BTC bull rally far from over, and more: Hodler’s Digest Aug 11 – 17
US gov’t won’t sell $590M Bitcoin on Coinbase. Does Harris plan to continue Biden’s crypto crackdown? Hodler’s Digest
Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
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Robert Kiyosaki Advises Preparing for Crash Landing — Says 'Time to Save Yourself' – Economics Bitcoin News
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […]
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Breakout Alert! BNB Soars 5%, Eyes on $600 Level
On August 18, 2024, Binance’s native token BNB gained significant attention from investors and traders due to a notable price surge in this ongoing struggling market. According to a coinmarketcap, BNB has seen a price surge of over 5% in the last 24 hours.
BNB Outperformed BTC and ETH
With this significant price surge, it has outperformed Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
This massive price surge in BNB occurred following the breakout of the consolidation zone between $498 and $525. With this breakout, BNB has shifted to an uptrend as it is moving above the 200 Exponential Moving Average (EMA) on a daily time frame.
BNB Price Prediction
Based on the price action and technical analysis, following this breakout, there is a high chance that BNB could soar 10% to the $600 level in the coming days. However, this consolidation near the support level indicates a bullishness.
At press time, BNB is trading near $545 and has experienced a price surge of over $5% in the last 24 hours. Meanwhile, its trading volume has declined by 3% during the same period, indicating lower participation from traders amid the struggling cryptocurrency market.
BNB’s Open Interest
However, with this breakout, interest among traders and investors is gradually increasing. According to the on-chain analytic firm CoinGlass, BNB’s open interest increased by 8% in the last 24 hours, and by 2.5% and 4.6% in the last 1 hour and 4 hours respectively.
Amid BNB’s impressive price surge, other top cryptocurrencies including BTC, ETH, and SOL have experienced a price drop of 0.25%, 0.40%, and 0.69%, respectively in the last 24 hours.
Bitcoin mining is in peril, but Trump can save it by keeping this campaign promise
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain.
Bitcoin miner centralization threatens Bitcoin, but former President Donald Trump’s pledge to slash energy prices can ensure its decentralization.
Bitcoin mining pools, the majority of Bitcoin mining being done, appear to be centralized in China around a handful of entities—with Chinese mining pools making up approximately 54% of the Bitcoin hashrate, according to blockchain analytics firm CryptoQuant.
News reports about China banning the mining of crypto assets exaggerated the situation on the ground. The country still dominates the hash rate, largely thanks to its cheap electricity and infrastructure.
A bitcoin mining pool is a network of miners who work together to mine Bitcoin blocks and share mining rewards, the benefits received for mining a new block. Most miners point their hash power toward pools because it’s easier, cheaper, and increases the chances of finding a block.
These mining pools have resulted in a consolidation of Bitcoin mining in fewer and fewer miners to the point where just two mining pools today are responsible for nearly 50% of Bitcoin’s hash rate, USA Foundry and Antpool.
This poses a risk to the security and resilience of Bitcoin. If enough of the mining pools form a cartel and coordinate the use of their hash rate, they can influence the processing of transactions across the entire Bitcoin network, with the power to censor transactions—essentially acting as a bank that can “freeze” your account in a system intended to have no middleman.
Centralized Mining A Real Threat
What’s more, these Bitcoin mining pools—including Btc.com, Binance Pool, Poolin, and others—not only make up the majority of the Bitcoin mining, they also use identical block templates (pre-formatted structure of mining software) to select and order transactions exactly like one another and Antpool, according to an analysis by a bitcoin developer who goes by 0xB10C.
The fact that these mining pools all employ the same block template, transaction selection, and ordering rubric indicates collaboration or standardization in mining operations across these platforms. This could potentially undermining Bitcoin decentralization and threatening the network’s security.
If Bitcoin mining is consolidated between a few mining pools, these entities could then standardize transaction selection and begin excluding transactions. For instance, pools could refuse to process CoinJoin transactions–multi-party transactions that mix addresses and signatures to anonymize transfers–if they wanted to easily censor transactions in concert with one another.
Miners who point their hashrate toward larger mining pools need their own choice of block template policies. It’s the only way miners can maintain their central role of choosing what belongs in blocks without creating the templates from scratch. Miners need freedom of choice, not homogenization of transactions by a small number of pools making key decisions.
Trump Attractive To Miners
Trump’s pledge to bring the cost of energy down within the first 12 months in office.“Under my administration, we will be slashing energy and electricity prices by at least half,” he told a crowd in Asheville, North Carolina, on Wednesday.
At the Bitcoin 2024 conference in Nashville, Trump said he would bring “tremendous” amounts of electricity to the United States in order to “dominate” mining operations.
“You need double the electricity of the entire electricity that we have right now in the United States to dominate, and we’ll get that done.”
He said his administration will have:
“Power plants built at the [mining] sites.” And will “be releasing people from certain ridiculous requirements, and we’ll be using fossil fuel to make electricity because we’re going to have to.”
If he keeps that promise, the U.S. would become an attractive jurisdiction for miners and pools—due to electricity costs made competitive with China and the U.S.’s comparative rule of law—to compete with their Chinese counterparts.
The US must invest in all types of energy, including oil, nuclear, solar, et cetera, to maintain leverage. The US is sitting on a lot of oil, and Trump could bring this out of the ground, causing a drop in domestic oil prices. That helps Bitcoin miners and helps the U.S. reach its sustainability goals, too, as cheaper oil can be used to produce cleaner energies.
If Trump can create the cheapest electricity in the world, in the US, Bitcoin would immediately be less threatened by attacks from centralized miners, including the 51% attack. Cheap electricity would break up the centralization of Bitcoin mining.
The more miners and mining pools there are, the more decentralized the Bitcoin network is. And, if Trump keeps his promise, the U.S. can make mining more accessible with cheap electricity.