Crypto news

Concurrent Surge in Stocks, Bitcoin, and Gold Marks Unique Shift in Global Markets Recent trends in the global financial markets highlight a distinct division in investor sentiment. On one side, risk-tolerant investors are driving gains, with the S&P 500 climbing 4.67% in the past month and nearing its peak, just 5% below its highest record. Concurrently, Bitcoin has seen an impressive 20% increase over the past two weeks, now trading above the $43,000 mark. Conversely, those with a cautious approach are gravitating towards traditional safe havens like gold. This shift in preference was evident in gold's remarkable weekend rally, where it touched a new record high at $2,148 per ounce. Crypto Economy Sees Widespread Growth Across Key Metrics The crypto market is currently witnessing a phase of robust growth, underpinned by several key metrics showing marked improvements in the past month: The total adjusted volume on-chain soared by 29.8%, reaching $255 billion, with Bitcoin and Ethereum volumes increasing by 21.2% and 43.9%, respectively. Centralized Exchange (CEX) spot volumes saw a significant hike of 52.8%, totaling $445 billion. Additional metrics indicating expansion include a 10.3% rise in Bitcoin's open interest, a 19.2% increase in Ethereum's open interest, and a striking 109.5% jump in Ethereum's monthly NFT marketplace volume. The daily average trading volume of the Grayscale Bitcoin Trust (GBTC) also escalated by 30%, hitting $119 million. Top stories this week include:  Judge Orders Binance Founder CZ to Remain in US Until Sentencing Federal Judge Richard Jones has mandated that Binance founder Changpeng “CZ” Zhao remain in the United States until his sentencing date on February 23, 2024. The decision was made on Dec. 7 in Seattle District Court, citing concerns over Zhao's flight risk if permitted to return to the United Arab Emirates. Zhao, who pleaded guilty to money laundering charges on Nov. 21, faces a maximum sentence of 18 months in prison and has consented not to challenge any sentence up to that duration. The SEC extends the timeline for a decision on Grayscale's spot Ether ETF The U.S. Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale's proposal for a spot Ether exchange-traded fund (ETF). The SEC announced an extension for reviewing the proposed rule amendment, which would permit NYSE Arca to list and trade shares of the Grayscale Ethereum Trust. Grayscale submitted its application to transform its Grayscale Ethereum Trust into a spot Ether ETF in October, joining other firms awaiting the SEC's decision. Elon Musk's xAI has registered with the SEC for a private offering of $1 billion in unregistered securities Elon Musk's AI venture, xAI, plans to privately sell $865.3 million in unregistered equity securities, as per a recent filing with the U.S. Securities and Exchange Commission. The company aims to secure $1 billion in total funding. xAI, known for its chatbot Grok, recently expanded access to X's Premium+ subscribers. Musk, who launched xAI in July, envisions the company as a means to "understand the universe. The Bitcoin Breakdown: Critical levels for Bitcoin to monitor closely:  Support #1: $42,600, Support #2: $41,500, Support #3: $40,000 Resistance #1: $44,000, Resistance #2: $45,600, Resistance #3: $48,200   Bitcoin has recently achieved a breakthrough, surpassing the upper limit of its ascending parallel channel, and is now lingering just below its first resistance level. Should Bitcoin succeed in breaking through this initial resistance, we could witness a swift progression towards its subsequent resistance levels at $45,600 and $48,200. It's important to note that Bitcoin has been on an upward trend for eight consecutive weeks, so a potential pullback from these levels remains within the realm of possibility. Conversely, if Bitcoin faces rejection at this resistance level, it is likely to find support around $42,600. Failure to maintain this support could lead to a further decline in Bitcoin's value, potentially approaching the vicinity of $41,500. BlackFort is thrilled to announce significant milestones and upcoming features in our ecosystem. Performance Achievements: Average Block Time: We've achieved a remarkable average block time of just 5 seconds, maintaining flawless performance without any errors. Total Transactions: Our platform has successfully processed a massive total of 852,478 transactions. Total Blocks: The BlackFort network has securely added 5,347,102 blocks, showcasing our robust and scalable infrastructure. Wallet Addresses: Our community continues to grow, with 104,193 wallet addresses and contacts now part of the BlackFort ecosystem. Exciting Developments in the BlackFort Wallet: BXN NFTs Integration: We're enhancing our wallet with BXN NFTs, including Nodes that connect seamlessly to the BXN Blockchain. User-Friendly Interface: The 'My Nodes' page is being redesigned for a superior user experience, ensuring both aesthetics and optimized functionality. Active Sessions Feature: For enhanced security, the Active Sessions tool will provide a comprehensive overview of logged-in devices. Multilingual Support: We're introducing translation files to cater to our global audience. The Address Book: A novel feature we're working on to streamline contact management within the wallet. Community Engagement: We're immensely proud of our active and supportive community. Your participation in online channels greatly contributes to our growth. Stay Connected: To further strengthen our market presence, we encourage everyone to follow us across all social media channels. Discover more about us and stay updated below: BlackFort Social Media We warmly invite you and the entire community to our webinars! In these exclusive sessions, one of our BlackFort experts will explain in detail the functionality and immense importance of the BlackFort Node. Learn why it's essential to own your own Node and how you can optimally utilize the potential of cryptocurrencies. These webinars offer a unique opportunity to gain deeper insights into the world of blockchain technology. Your participation is not just an enrichment for you, but also for the entire community. Share this invitation with friends, colleagues, and anyone who has an interest in cryptocurrencies. Together, we can expand our knowledge and actively shape the future of digital currencies. You can find all the links to webinars in different languages in your dashboard under webinars.  BlackFort Webinars Don't miss this opportunity and be there! Together, we're building a more connected and innovative future in the blockchain space. Thank you for being a vital part of the BlackFort journey! Thank you for reading our Newsletter, Team BlackFort The new BlackFort Wallet 2.0 has been officially available for download. With +100,000 downloads already since its launch on the Apple App Store and Google Play Store, this marks another significant milestone in the implementation of our great project. For those of you who have not yet downloaded the new wallet, you can do so here:     Disclaimer: The information shared in this newsletter is for educational and informational purposes only. It is not intended as financial or investment advice, and should not be relied upon as such. The opinions expressed in this newsletter are those of the authors and do not necessarily reflect the views of the company. Readers should do their own research and due diligence before making any investment decisions. The crypto market is highly volatile and subject to significant fluctuations, which may result in substantial gains or losses. Any investment in cryptocurrencies should be made with caution and only after careful consideration of the risks involved. We encourage our readers to seek professional advice from a financial advisor or other qualified professional before making any investment decisions. We do not accept any liability for any loss or damage incurred by readers as a result of their reliance on the information contained in this newsletter. Copyright © 2019-2022 Blackfort Tech Estonia oü, All rights reserved. www.blackfort.exchange www.blackfort.network Our mailing address is: Lõkke Tn 4, 10122, Tallinn, Estonia Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.