In 2009, Satoshi Nakamoto Founded The Cryptocurrency Bitcoin (CRYPTO: BTC). Here’s A Look Back At The

Bitcoin Surges 150% This Year, Hits $42,000 As Spot ETF Excitement Builds

Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States. The main contributing factor to Bitcoin’s recent surge, in addition to the halving event approaching amongst other bullish…

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Mastercard Launches Bitcoin Card In Europe And UK

Bybit, the third most popular cryptocurrency exchange, announced the launch of a debit card issued by Moorwand and powered by Mastercard.

Read Full Story: Mastercard Launches Bitcoin Card

Rolling Stone

Your NFTs Are Actually -- Finally -- Totally Worthless

New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

[...]

The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

Rolling Stone

Your NFTs Are Actually -- Finally -- Totally Worthless

New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation

“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.

[...]

The “Dead NFTs” report observes that the nearly 200,000 NFT collections “with no apparent owners or market share” identified by the study caused carbon emissions equivalent to the annual output from 2,048 houses, or 3,531 cars.

Bitcoin Price Plummets 77% in Asian Session, Triggering $200 Million in Liquidations

Bitcoin Price Crashes 77% in Asian Session, Sets Off $200 Million in Liquidations 😱

Bitcoin took a sudden nosedive during the Asian session, dropping 7.74% and briefly touching the $40,400 mark. This unexpected drop led to the liquidation of nearly $200 million worth of positions, causing significant market volatility. With the upcoming US Consumer Price Index (CPI) and the Federal Reserve’s interest rate decision, high volatility is anticipated to continue.

Higher interest rates often have an adverse impact on the price of gold, as they increase the opportunity cost of holding the precious metal rather than investing in interest-bearing assets or depositing cash in a bank. Additionally, they generally strengthen the US Dollar, which in turn lowers the price of gold since it is denominated in dollars. It will be crucial to monitor the Fed’s interest rate decisions and their implications on the price of Bitcoin.

Bitcoin is currently trading around $42,289, hovering around the midpoint of its 77% crash during the bear market. This price level is pivotal and may trigger significant take-profit or sell orders, which could result in market-wide liquidations. Market participants should remain cautious as the struggle between bulls and bears intensifies. It is worth noting that a major correction in Bitcoin price is not expected until it reaches the 62% retracement level at $48,733. However, today’s movements could catch many overeager investors off-guard. The $50,000 psychological level may be a plausible area for market-wide profit-taking to occur.

Read the original article #Bitcoin #cryptocurrency #BitcoinPrice #marketvolatility

14 March 2023, Tuesday.

Today was a rough day. I've fallen a bit behind on my test schedule and the stress is killing me. Literally woke up and had a meltdown. On top of that my family keeps scheduling other things to do and it's so frustrating to have to follow everyone else's agenda at the cost of my time and sanity.

I solved a lot of tax questions today. Tomorrow I will revise a bit of gst law and do both a taxation test as well as a costing test.

Besides that, I started reading A Little Life by Hanya Yanagihara. It was recommended to me by a friend along with all sorts of trigger warnings, but I'm looking forward to taking my time with it.

Miss Cat looked so comical sitting in a empty yogurt container, that I had to try and capture that. She's more than doubled in size in the last four months.

-G