Mediaboss Marketing

Bitcoin (BTC) is undergoing something of a correction with bearish sentiment and price-action awash in the crypto market.

The largest and most popular cryptocurrency often sets the tone for the rest of the tokens on the market and many analysts are predicting a short-term drop for BTC, with the most bearish predictions claiming it could dip to below $20,000.

However, there is plenty of reason to be optimistic that while Bitcoin could struggle in the coming days and weeks with September a historically poor month for the coin brighter times are ahead before the end of the year.

This article looks at four major reasons Bitcoin could enjoy a strong end to the year, as well as looking at one potential alternative Bitcoin BSC that could outperform it.

One of the biggest reasons to be optimistic about the BTC price in the coming months is that the next Bitcoin halving is only just around the corner.

It is expected in mid-April and all the previous halvings have been the main catalyst for major bull runs in the crypto market, which has operated with a boom-bust cycle since Bitcoin was invented in 2009.

The halving, or halvening, refers to how many new bitcoins are issued by the Bitcoin network every 10 minutes.

For its first cycle, that figure was 50 it then dropped to 25 in 2012, 12.5 in 2016 and 6.25 in the most recent halving in May 2020.

This halving will see the rewards per block drop to 3.125, cutting the supply in half and driving demand, therefore leading to higher prices.

As the chart (above) shows, each halving has led to significant price action in the build-up and aftermath of the event.

With many crypto investors fully aware that the halving is just over six months away, it could be a good time to stack Bitcoin before the price explodes in the next bull run.

Spot Bitcoin exchange-traded funds (ETFs) were one of the main drivers of the Bitcoin resurgence in 2023, as the price of BTC almost doubled from $16,550 in January to a high of $31,500 in mid-July.

Major investment firms such as BlackRock, Fidelity, and VanEck applied for them earlier this year, sparking huge volume and interest in Bitcoin.

Spot Bitcoin ETFs allow investors to access Bitcoin without having to buy or store it themselves, with the ETF manager holding custody of the asset. It would also be available for trading on traditional stock exchanges, if it gets approved.

In late August, the US Securities and Exchange Commission (SEC) delayed a decision on approval for them, with the next date for a decision coming in mid-October.

Bloomberg analysts believe there is a 75% chance that they will be launched by the end of this year and former SEC commissioner Jay Clayton said they are inevitable any approval would see an immediate spike in the price of BTC.

Furthermore, analysis from crypto research firm K33, formerly Arcane Research, claimed that the increasing likelihood of approved spot Bitcoin ETFs has not been reflected in the price of Bitcoin.

A report from senior analyst Vetle Lunder read: I firmly believe the market is wrong. This is, by all accounts, a buyers market, and its reckless not to aggressively accumulate BTC at current levels.

Tying into the above points is that many large institutional firms and financial establishments remain bullish on Bitcoins potential for the future.

Spot Bitcoin ETFs and the Bitcoin halving have been major reasons for this bullishness.

Earlier this year, analysis from British bank Standard Chartered predicted that BTC would reach $50,000 by the end of 2023 and $120,000 by the end of 2024.

As well as Spot Bitcoin ETFs and the upcoming halving, another major factor in their analysis was due to supply dynamics they reason that miners are dedicating more resources to preserving the network and selling less BTC, creating a supply-demand imbalance which will spark bullish action.

Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher, the report stated.

As well as regulating the ETFs, crypto regulation in a broader sense continues to move ahead. The SEC is locked in court battles with a number of cryptocurrency firms and while they appear to have taken an anti-crypto stance, regulation appears inevitable.

In the UK and across Europe, for example, crypto regulation is a hot topic with the early stages of a regulatory framework either in place or on the way.

Regulation is expected to only help the price of top cryptos, as uncertain investors will be more confident when it passes, increasing demand and price.

The growth and development of artificial intelligence (AI) has been one of the biggest hot-button topics of 2023.

Companies, investors and governments are trying to move quickly to get ahead on AI, both in terms of the products they offer and how the technology is managed.

AI has also entered the crypto space in a major way, with AI-related tokens some of the best performers of the year and investors and companies scrambling to utilize the tech.

Bitcoin will be no different and Cathie Wood CEO of ARK Invest, one of the biggest Bitcoin holders believes there is huge potential in AI having a transformative affect on BTC.

Wood appeared on a podcast to speak about the potential synergy between Bitcoin and AI and wrote on Twitter: The convergence between Bitcoin and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating.

ARK Invest also recently published a report suggesting that the investment firm is assessing the significance of AI within investment strategies.

Earlier this year, Bitcoin billionaire Arthur Hayes also talked up the potential of AI to unlock Bitcoin price action, believing that AI will view the potential of Bitcoin above other currencies due to its self-sustaining nature and lack of human interference.

An AI is unlikely to allow itself to rely on anything that a human government operates therefore only gold and Bitcoin are suitable. A tie between gold and Bitcoin, he wrote.

ChatGPT, the AI system that has helped spark this move for artificial intelligence, also predicts that Bitcoin could reach $35k to $50k by the end of the year.

While Bitcoin returning to $50,000 by the end of the year would be incredible news for investors, the reality is that there may be greater potential for ROI elsewhere in the market.

With the BTC price currently at $26,200, a $50k BTC would mean an increase of 90%.

Bitcoin BSC (BTCBSC) is a brand new project that could well beat those gains before the end of the year and is offering a price not seen by Bitcoin since April 2011 $0.99.

Having only just launched this week, and already raised more than $200,000, Bitcoin BSC is a Bitcoin clone that takes the best bits of the original cryptocurrency and improves upon them.

The project is built on the Binance Smart Chain and has a proof-of-stake consensus mechanism rather than the proof-of-work mechanism employed by Bitcoin. That means Bitcoin BSC is more efficient and scalable, has cheaper transaction costs and is also much more eco-friendly.

Importantly, Bitcoin BSC also offers generous staking rewards, with holders able to lock their tokens into a staking pool and generate impressive token rewards.

According to the Bitcoin BSC staking dashboard, more than 100,000 BTCBSC have already been locked into the staking pool, giving a current estimated annualized percentage yield (APY) of over 2,000%.

That figure will dramatically reduce as more tokens are staked but staking not only allows investors to generate returns but also incentivizes holding and reduces selling pressure, therefore increasing price.

BTC20, another recently released Bitcoin clone, saw almost 600% when it launched on exchanges earlier this year and Bitcoin BSC could be primed for a similar performance especially with the Binance Smart Chain coming with significantly lower trading fees than the Ethereum-based BTC20.

As well as its price being the same as Bitcoin in April 2011, Bitcoin BSC will also have the same circulating supply. Four million tokens have been allocated to an initial presale, with a further 2.125 million reserved for an oversupply round also priced at $0.99.

That will give the project a 6.125 million supply on launch, 29% of the total suppy, with a further 420,000 (2%) pre-mined BTCBSC allocated for liquidity on exchanges.

The max supply will be 21 million, the same as Bitcoin, with the remaining 14.455 million tokens reserved for the staking pool.

Bitcoin BSC will employ the same 120-year unlocking cycle for its tokens as Bitcoin, giving the project a huge shelf life and further incentivizing holding as tokens are unlocked.

More information can be found on the Bitcoin BSC whitepaper, for the latest news, join the Telegram group.

Visit Bitcoin BSC

Read the original:

4 Reasons The Bitcoin Price Could Hit $50,000 This Winter ... - Finbold - Finance in Bold

Join Our Telegram channel to stay up to date on breaking news coverage

Cronoss (CRO) price secured support at $0.049 after a 50% drop from the $0.095 year high recorded on February 21. This multi-month support now provides the jumping-off point from CRO, sending it almost 7% north over the past two days.

The 7% rise in Cronos price comes amid hype around the Interchain Hackathon, offering a platform for creativity and innovation in problem-solving.

The Interchain Hackathon is advertised as an event that requires an application to attend. It is a hub for technological innovation, providing the choice meeting point for skilled developers, designers, and enthusiasts worldwide. The attendees come together because of their individual and joint interest in decentralized finance (DeFi), gaming, and modularity. These are the areas of focus for the event.

Students will get priority in the event, with a particular interest in the local Korean institutions of higher learning. The event starts on September 8 and will go on for two days at the Nonce Building in Seoul, South Korea. The event will also feature a technical workshop, allowing attendees to learn from expert developer Jong Whan.

Notably, the Cronos ecosystem, with a progressive vision, is significant in the Cosmos (ATOM) network. Cronos uses Cosmos SDK, a platform enabling the modular structuring of new blockchains. The collaboration between the two ecosystems helps facilitate an Inter-Blockchain Communications protocol (IBC). This links Cronos Ethereum Virtual Machine (EVM) with the Cosmos chain. In this respect, Cronos native token, CRO, powers mainnet usage while simultaneously serving for transaction settlement and network fee payments.

Cronos features among the event sponsors, game developer Argus, modular consensus and data network Celestia, Keplr wallet, and Osmosis DEX.

The chart above indicates Cronos price against Korean Won (KRW), with CRO skyrocketing on the Korean exchange, Upbit.

Cronoss price is $0.052 at press time, recording a 5% rise on the day. With momentum growing, CRO is currently confronting the 50-day Exponential Moving Average (EMA) at $0.054. If bulls maintain the accumulation pattern, the altcoin could go as high as breaching the 100-day EMA at $0.056 or higher to tag the $0.061 resistance level.

With eyes set on the $0.100 target, enhanced buying pressure could send Cronos price north, shattering the 200-day EMA hurdle at $0.065. This would clear the path for a foray into the supply zone, which, if bulls manage to overcome, would turn into a bullish breaker, setting the tone for CRO to foray into the psychological $0.080. In a highly bullish case, the altcoin could extrapolate the gains to the second psychological level at $0.100.

The Relative Strength Index (RSI) solidifies the bullish case, with a solid north move indicating rising momentum. In the same way, the histogram bars of the Moving Average Convergence Divergence (MACD) are green, showing the presence of bulls in the CRO market.

Conversely, with the MACD index still negative, Cronoss price risks a correction as bears still abound. In the same way, the downward trajectory of the EMAs shows that the path with more resistance was north. With this, it is possible that CRO could correct, going as low as below the $0.049 support level.

So, while CRO investors deliberate whether to long or short Cronos price, consider BTCBSC, the native crypto for the Bitcoin BSC project.

Bitcoin BSC is a new project featuring among the top three crypto presales to invest in for September 2023. It is a new BEP-20 token in the market, offering investors ultra-high staking rewards.

BitcoinBSC is in the presale stage, recording almost $240,000 in presale sales. The projects goal is to provide investors a chance to compensate for having missed the 2011 Bitcoin (BTC) boom. The BTCBSC token currently retails for $0.99, similar to how BTC traded under the $1.00 mark twelve years ago.

The project is built atop the BNB Smart Chain, enjoying the security, speed, and affordability of the Ethereum blockchain. It provides interoperability alongside other Binance Smart Chain (BSC) decentralized applications (dApps). At the same time, users enjoy the much-desired convenience of buying Ethereum Virtual Machine (EVM) wallets, including but not limited to MetaMask and Trust Wallet.

Moreover, the project showcases an eco-friendly stake-to-earn model, ideally presenting a sustainable alternative to the Bitcoins proof-of-work (PoW) mechanism. This is a means to earn passive income by staking your BTCBSC tokens in the smart contract and getting rewards for it.

Do not miss out on the BTCBSC rally for any reason.

Buy Bitcoin BSC here

Wall Street Memes - Next Big Crypto

Join Our Telegram channel to stay up to date on breaking news coverage

Read more from the original source:

Cronos (CRO) Price Insight - With Growing Utility, Can CRO Reach ... - Inside Bitcoins

How to Bridge Tokens from the BNB Chain to Tron: A Step-by-Step Guide

Are you looking to bridge tokens from the BNB Chain to Tron? Look no further!

This comprehensive guide will walk you through the process step-by-step, ensuring a seamless and secure transfer of your assets.

Whether youre a beginner or an experienced user, this guide will provide all the information you need to bridge tokens from BNB Chain to Tron successfully.

Also read: How to Bridge to Ripple?

Before we dive into the process, lets understand why you might want to bridge tokens from BNB Chain to Tron.

BNB Chain and Tron are two popular blockchain networks, each with its own unique features and advantages. By bridging tokens between these networks, you can take advantage of the benefits offered by both platforms.

The BNB Chain, powered by Binance, is known for its fast and low-cost transactions.

On the other hand, Tron boasts a robust ecosystem and a wide range of decentralized applications (DApps).

By bridging tokens from BNB Chain to Tron, you can tap into the vibrant Tron ecosystem while still enjoying the benefits of BNB Chains efficiency.

Now, lets begin with the step-by-step guide on bridging tokens from BNB Chain to Tron.

Also read: How to Buy Bitcoin or Crypto with Santander Group

The first step is to visit the TronPad website and connect your Binance Smart Chain wallet. TronPad is a trusted and secure platform that facilitates bridging tokens between different networks.

By connecting your wallet, you can securely transfer your tokens without having to rely on third-party services.

Once you have connected your Binance Smart Chain wallet, you must select the token you wish to transfer to Tron. TronPad supports various tokens, so you can choose the one that suits your needs.

Additionally, you must input the destination address on your Tron wallet, where you want the tokens to be transferred.

Next, input the number of tokens you want to send from the BNB Chain to Tron. Make sure to double-check the amount to avoid any errors. Its always a good idea to start with a small amount for your first transfer to ensure everything goes smoothly.

Before finalizing the bridge, take a moment to review all your transaction details. Ensure that the token, destination address, and amount are correct.

Once satisfied, hit the Swap button to complete the bridge. Your tokens should arrive at the destination address in under 10 minutes.

One of the advantages of bridging tokens between BNB Chain and Tron is the low fees associated with the transaction. Both networks utilize low-cost proof-of-stake consensus mechanisms, resulting in affordable transfer fees.

The exact fee will depend on the amount being transferred, but it is usually very low, typically under $1.

Bridging cryptocurrencies can be risky without a reliable and secure platform.

However, using a trusted platform like TronPad can minimize the risks associated with token bridging. It is important to always double-check the destination address before completing the transaction to ensure the tokens are sent to the intended recipient.

TronPad is a trusted launchpad and IDO (Initial DEX Offering) platform officially partnered with the Tron Network.

It provides users with a secure and trustless way to bridge tokens between networks, including Binance Chain, Ethereum, and Tron. Powered by Trons smart contract technology, TronPad allows users to transfer tokens without relying on third-party services or custodians.

Bridging tokens from BNB Chain to Tron opens up a world of opportunities for users to leverage the strengths of both platforms.

Following this step-by-step guide, you can seamlessly bridge your tokens and tap into the vibrant Tron ecosystem. Remember to use a trusted platform like TronPad for a secure and hassle-free experience. Happy bridging!

See original here:

How to Bridge to Tron - Watcher Guru

Could a crypto world exist without Binance? Many analysts and traders are weighing in on this subject given the worlds largest digital currency exchange is facing a huge lawsuit from the Securities and Exchange Commission (SEC).

Not long ago, the SEC filed charges against Binance and claimed the company had broken securities laws for many years. It also said Binance had commingled company funds with those of customers. The exchange also faced another lawsuit from the Commodity Futures Trading Commission (CFTC).

Some analysts are not convinced that any of this is real. Boris Povar, for example, is the general director at EYWA, a cross-chain solution that brings blockchains together.

He said that this is all part of an ongoing witch hunt headed by the SEC, and its all an attempt to soften the strength of crypto in America. He also compared the actions to those of China in mid-2021 when the country announced that all crypto mining would be illegal. He said:

This, to me, looks like nothing more than market manipulation, like the ban on cryptocurrencies in China in the past market cycles. Even if Binance.US closes, it wont close Binance. This will accelerate Binances transition to a fully decentralized structure, which it has been doing for a long time, since the establishment of Binance DEX on the BNB Beacon Chain and launching of the BNB Smart Chain, plus investing in infrastructure projects such as Trust Wallet, Injective Protocol, and others. That is the future pillar of a decentralized Binance. It will gradually be reborn as a decentralized exchange (DEX) and will become stronger, I think. Any closure of the American market for Binance will lead them to develop other markets in Asia and even France.

This sentiment was echoed by Hedi Navazan, head of compliance and regulatory affairs at Crystal Blockchain in Amsterdam. He said the entire world has taken notice of the lack of regulatory clarity in the U.S., and that the nation is being given close attention due to its ongoing regulation-through- enforcement tactics. She said:

The entire crypto industry has been increasingly vocal about the lack of transparency in the regulatory approach from the U.S. Crypto businesses are moving offshore to countries that are pursuing innovation in regulation.

Still, however, there are some that say the situation surrounding Binance is growing worse for the company and the man (Changpeng Zhao) in charge of it. Vladislav Garmash founder and CEO of the Marlerino Group in Dubai said:

I have studied this lawsuit and the analysts comments on this issue well. If everything goes according to a bad scenario, Binance.US will not be allowed to exist. CZ will be strangled constantly if so. Billions of fines are waiting for CZ.

See the rest here:

Could the SEC Lawsuit End Binance for Good? Analysts Weigh In - Live Bitcoin News

BinancesBNB Chainis set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks.

The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30, respectively, following extensive testing. The Plato upgrade, which has already taken place, introduces BEP-126. The latest evolution proposal implements a fast finality mechanism that is expected to rule out the ability for blocks to be reverted.

Arno Bauer, senior solution architect at BNB Chain, unpacked the specifics of the network upgrades in an interview with Cointelegraph. The fast finality mechanism is expected to reduce the chance of chain reorganization and stabilize block production while allowing users to access accurate information from the latest finalized block instantly. Bauer said:

Bauer added that finality is a core concept of blockchain technology, referring to the point at which a transaction or block of transactions can no longer be altered or reversed. Finality remains crucial in maintaining trust and preventing double-spending in blockchain systems.

BEP-126 introduces fast finality through a series of steps. Validators begin by proposing a block to the network, which is propagated to other validators. Validators then sign for the block using their private key, creating a vote message. Voting aggregation then occurs, with validator votes gathered into a pool and aggregated if the direct parent block has enough votes.

Related:Binance Smart Chain and Binance Chain become BNB Chain

Validators must follow specific rules when voting for blocks, such as not publishing two distinct votes for the same height. The finality rules also determine that a block is justified if theres an attestation in the child blocks header, and it is finalized if both the block and its direct child are justified.

The fork, including the highest justified block, is considered the longest chain, even if other chain forks have a higher difficulty sum. Producing blocks and finalizing blocks also have different requirements in terms of the number of validators needed.

Lastly, BNB Chain validators are rewarded for voting, with those who violate the vote rules being slashed, similar to Ethereums proof-of-stake protocol.

The Hertz hard fork is earmarked for Aug. 30 and is aimed at keeping the BNB Chain up to date with the latest development of EVM blockchains. As Bauer explains, the BNB Chain needs to keep its block and transaction structures, as well as its base EVM, updated to match Ethereums recently implemented Berlin and London forks.

Bauer said that the fast finality mechanism should provide a more secure environment for decentralized applications (DApps), while speedier transaction finality should improve the responsiveness and efficiency of DApps running on the BNB Chain.

Magazine:Deposit risk: What do crypto exchanges really do with your money?

View post:

BNB Chain hard fork to improve security and compatibility with EVM ... - Cointelegraph