? Ethereum has again formed a similar pattern before climbing to $4,000.

The price recently broke out of the downward resistance and tested it again. So now the chance of another strong upside step to test the important resistance level of $3900-4000 is very high.

Now the price is facing surface resistance in the area of ​​$3500, so both the upward scenario to the resistance level and the scenario of the price falling again to the support level of $3030 are significant.

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? Bitcoin mining sustainable energy use hits a NEW ALL-TIME HIGH of 56.2%

Crypto airdrop

Bitcoin in the Eurozone Hits New All-Time High

On several Euro-denominated trading platforms, a new high has been reached.

In the last 4 hours, approximately 22.7 million USD in short trades were liquidated.

Measured against the USD, Bitcoin reached a new annual high of 65,000 USD and its highest level since November 2021.

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When was Bitcoin created, and who is Satoshi Nakamoto?

Bitcoin was created by a person (or a group of people) under the pseudonym Satoshi Nakamoto. Somehow, we still know very little about the father of Bitcoin.

In 2008, Satoshi released Bitcoin’s white paper, a document that describes and explains the principles and inner workings of a blockchain network and its native cryptocurrency. Finally, in 2009, Satoshi mined the genesis block, Bitcoin’s first-ever block.

Satoshi included a message in the inaugural block that perhaps expressed their feelings toward the global financial climate: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

For the next two years, Satoshi would be an active participant in forming a crypto community, chatting with developers and exchanging opinions and ideas.

However, in 2011, Satoshi announced he would step away from the project and hasn’t been heard from since.

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?The release of new USDT by Tether signals an increase in the inflow of fiat money into crypto, which helps support cryptocurrency prices, according to analysts at Marixport.

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?The US Attorney for the Southern District of New York, and the Acting Special Agent in Charge of the New York Field Office of Homeland Security Investigations, criminally charged KuCoin and two of its founders with bank secrecy act and unlicensed money transmission offenses, alleging they helped grow the exchange into one of the largest crypto exchanges globally. Furthermore, the founders affirmatively attempted to conceal the existence of KuCoin’s US customers.

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Are crypto transactions anonymous?

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.

Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.

Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

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Bitcoin mining consumes more energy than some entire countries.

This issue is unavoidable, but we have to face it head-on: PoW blockchains—especially Bitcoin—consume enormous amounts of energy and may be harmful to the environment.

In 2021, Bitcoin used more electricity than in Kazakhstan and the Philippines.

Bitcoin’s energy consumption accounts for 0.5%–1% of the world’s total energy use.

Thankfully, few blockchain networks operate via a PoW consensus algorithm, meaning most networks use PoS, which we’ll tell you about in another post.

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? Arkham analysts have created a special dashboard that shows how much BTC each government holds - you can also view all transactions in real time.

- The US holds $15.27 billion worth of crypto assets, including BTC 212,847 and 45,654 ETH.
- The UK owns 61,245 BTC worth $4.34 billion.
- Germany holds 49,859 BTC worth $3.53 billion.
- El Salvador holds 5,718 BTC worth $405 million.

Most of the crypto assets, with the exception of El Salvador, the government got confiscated.

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⚡️ Over the last 7 days, the volume of NFT transactions on the BTC network has increased by >120%.

Other networks are also experiencing volume growth.

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