20 Sep: HACKED!

20 Sep: HACKED!

By theinspired | Inspiration | 20 Sep 2022


"Let us always meet each other with smile, for the smile is the beginning of love."
- Mother Teresa

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Happy Tuesday Folks! Following a bloody Monday we are waking up to yet another hack - this time for $160MM from Wintermute, the SEC continues to rack in the dough as Sparkster settles with them over the 2018 ICO launch, and Alameda is happy to pay back $200MM to Voyager; hopefully it will make some of the investors whole. 

Meanwhile, Bitcoin regains $19K and $ETH rises as FOMC meeting nears. The 100 SMA is key and overhead resistance which is right around $19,650, if $BTC clears those levels, it will have some room to run; otherwise it's headed toward $16K as a bottom. The bulls are still fighting as proof of the hammer candlestick. However, there are two on-chain signals that precedes Bitcoin falls: BTC dumping of coins aged between 7 years to 10 years and ETH dominance rising up.

POD: Bitcoin Audible: Guy's Take #59 - We're Not Going Anywhere

Trending

Hot News

CRYPTO MARKET

  • The market isn't surging anytime soon — so get used to dark times (Cointelegraph)
  • Crypto Market May Rally on September 21, Here's Why (UToday)
  • Coinbase CEO Draws Criticism For Suggesting Crypto Industry is ‘Moving Offshore’ (BIC)
  • Crypto Awaits Sizable Rate Hike from the Fed: Here’s What to Expect (BIC)
  • Number of new cryptocurrencies surpasses 21,000 despite shaky markets (Finbold | NewsBTC | Cointelegraph)
  • Roth IRAs: The ideal long-term cryptocurrency investment? (Cointelegraph)
  • Crypto market dumps after Ethereum Merge, why? Watch The Market Report (Cointelegraph)
  • Cryptos, Equities Slide on Central Bank Decisions, Merge Aftermath (Blockworks)
  • Bearish Crypto Market Sentiment Sends Investors Back To Stablecoins (Bitcoinist)

BITCOIN & ETHEREUM

Positive

  • Market Wrap: Bitcoin Regains $19K and Ether Rises as FOMC Meeting Nears (Coindesk)
  • TA: Bitcoin Price Attempts Recovery, Why 100 SMA Is The Key (NewsBTC)
  • Bitcoin (BTC) Hammer Candlestick Keeps Bullish Hopes Alive, While Ethereum (ETH) Continues to Fall (BIC)

Neutral

  • Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move (Cointelegraph)
  • 3 Experts Take On The Bitcoin Price, Will $19,000 Hold Or Break? (NewsBTC)
  • Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over? (NewsBTC)

Negative

  • These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst (NewsBTC)
  • First Such Signal in Bitcoin (BTC) History: Death Cross on 200W MA (BIC)
  • Bitcoin Long-Term Holder Dumping May Have Been Behind Revisit Below $19k (NewsBTC)

POST MERGE

  • Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge (Coindesk | NewsBTC)
  • How Ethereum Traders Actually Played the Merge (Decrypt)
  • Post Merge: Ethereum Investors Act With Caution (Report) (CryptoPotato)
  • Ethereum’s price plunges 15% after the Merge despite bullish anticipation (Finbold)
  • Glassnode: Ethereum Validators Observed Sharp Increase of 11.4k In Sept Alone (Bitcoinist)
  • Here’s the Best-Case Scenario for Ethereum (ETH), According to Its Co-Creator (TDH)

ALTCOINS/STABLECOINS/CBDCs

  • BNB Chain launches a new community-run security mechanism to protect users (Cointelegraph)
  • Almost 94% of the Total Supply of Binance BUSD Held in Just Four Wallets (BIC)
  • XRP Braces For Turbulence Amid Looming Fed Hike, Ongoing Ripple-SEC Court War (NewsBTC)
  • Ripple Shovels 50 Million XRP to Anon Wallet, Here's What It Means for Market (UToday)
  • Solana Holds Key Support To Avoid Drowning, How Long Can This Last? (NewsBTC)
  • Dogecoin Surpasses Polkadot – Can DOGE Maintain Its Aggressiveness? (NewsBTC)
  • Exclusive: Voters skeptical of Federal Reserve digital currency, poll finds (TB)
  • Robinhood Lists Its First Stablecoin – USDC (UToday | NewsBTC | TDH)
  • Reserve Bank of India seeks a ‘phased implementation’ of the digital rupee (Finbold)
  • China expands trial of its e-CNY CBDC to four new provinces: SCMP (TB | Cointelegraph)

ANALYST'S CORNER

Positive

  • Cheds: Top Crypto Analyst Unveils Bitcoin Bottom Scenario, Updates Outlook on Ethereum and XRP (TDH)
  • Willy Woo: On-Chain Analyst Willy Woo Says Bitcoin (BTC) Price Being Suppressed by Political Agenda (TDH | Cryptoglobe)
  • Michael van de Poppe: Massive Cardano (ADA) Rally in Play Heading Into Vasil Upgrade (TDH)
  • Smart Contracter: Crypto Strategist Who Nailed Bitcoin 2018 Low Calls Ethereum Bottom, Says ETH Primed for New Leg Up (TDH)

Neutral

  • Citi: Ether Remains Relatively Stable Despite Significance of the Merge (Coindesk)

Negative

  • Gareth Soloway: Chief market strategist expects Bitcoin to sink ‘another leg lower’ to $12,000 (Finbold)
  • Mike McGlone: ‘FED sledgehammer’ will further batter BTC, ETH prices — Bloomberg analyst (Cointelegraph)
  • DonAlt: Bitcoin (BTC) Primed To Print New 2022 Lows Amid ‘Atrocious’ Stock Market Performance, According to Top Analyst (TDH)
  • Cumberland: ETH's correlation to the Nasdaq creates problems for crypto-native traders (TB)

NOTABLE VOICES

  • CZ: Binance CEO Changpeng Zhao Says Bitcoin, Ethereum and Rest of Crypto Should Decouple From Stocks (TDH | TDH)
  • Raoul Pal: Macro Guru Raoul Pal Says $SOL May Become Crypto Giant in Next Cycle (TDH)
  • Charles Hoskinson: IOHK Head Explains The Future Cardano Roadmap, Says Vasil Upgrade Is On Track For This Week (EWN | Cryptoglobe)
  • Vitalik Buterin: Ethereum co-founder shares vision for layer-3 protocols (Cointelegraph)
  • Adrian Day: Wealth manager warns gold prices will collapse if Fed raises rates by 100bps (Finbold)
  • Sam Bankman-Fried: FTX CEO Says Regulation Could Prevent Next Crypto Contagion (TDH)
  • Cameron Winklevoss: Billionaire Gemini Founder Says White House Crypto Report Misses The Mark (TDH)

ACCEPTANCE/ADOPTION

  • Kenya’s central bank governor admits pressure to convert country’s reserves into Bitcoin (Finbold)
  • Four Stories From Argentina, Where Bitcoin And Crypto Rule The Land (Bitcoinist)
  • Crypto Wallet Provider Looks to Turn Philippines Resort Boracay into ‘Bitcoin Island’ (BIC)
  • Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official (BIC)

BLOCKCHAINS

  • Ethereum Layer 3 Protocols Might Be A Thing, Here’s What To Expect (Bitcoinist)

EXCHANGES/STORAGE/CUSTODY

  • Solana-based Hxro launches bitcoin derivatives marketplace (TB)
  • Alameda-backed Volmex Labs launches bitcoin and ether volatility indexes: Exclusive (TB)
  • Kraken joins consortium to build enterprise-grade liquid staking protocol (TB)

MINING

  • Report: Bitcoin Mining Companies Spend Excessively On Administration Compared To Other Industries (Bitcoinist)
  • Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s (Coindesk)
  • Crypto Miner Bitdeer Bought Physical Safety Vault Le Freeport for Over $28M: Report (Coindesk)
  • Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narrative (Cointelegraph | EWN | NewsBTC)
  • Bitcoin mining stock report: Tuesday, September 20 (TB)

LEGISLATION/REGULATION/TAXATION

  • The crypto industry can trust Cynthia Lummis to get regulation right (Cointelegraph)
  • White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19 (Cointelegraph)
  • CFTC commissioner visits Ripple offices as decision in SEC case looms (Cointelegraph)
  • US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose' (Cointelegraph | Coindesk | TDH)
  • Congress demands crypto payments notification from DOS when helping Ukraine (Cointelegraph)
  • Treasury official: Sanctions against crypto mixers can deter financial crimes (TB | Cointelegraph | Blockworks)
  • All Your Ethereum Transactions Belong to Us, Claims the SEC (BIC)

LEGAL BATTLES

  • Ripple claims XRP is not a security since there was no ‘investment contract’ as SEC suit drags on (Finbold)
  • Ripple Lawyers Should Feel Confident in XRP Lawsuit Summary Judgement, Says Crypto Legal Expert (TDH)
  • SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US (Cointelegraph | CryptoPotato
  • SEC v. XRP: CFTC Commissioner Does Not Support SEC and Visits Ripple CEO (UToday | ZyCrypto)
  • XRP Lawsuit: SEC Made One ‘Glaring’ Mistake In Recent Filing for Summary Judgment: Crypto Lawyer (TDH)
  • Craig Wright’s Satoshi Proofs ‘Not Credible’ and a ‘Farce,’ Hodlonaut Lawyers Say (Coindesk)
  • Galaxy ‘Concocted’ Story to Walk From $1.2B Merger, BitGo Says (Blockworks | TB

ATTACKS/HACKS/SCAMS

  • FTX CEO Issues Scam Warning After UK Finance Regulator Suggests the Exchange is Operating Unlawfully (BIC)
  • Hackers take over CoinDCX Twitter account, promote fake XRP ads (Cointelegraph)
  • TribeDAO Holds Vote to Repay Rari Capital Hack Victims for the Fourth Time (CryptoPotato)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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