Monat: Februar 2023

• In 2022, U.S. equities and Bitcoin had a strong correlation due to central bank rate hikes worldwide.
• This correlation was broken in November 2022 when FTX collapsed, but the divergence was short-lived.
• As of 2023, Bitcoin has continued to be negatively correlated with S&P 500, Nasdaq and DJI.

Bitcoin and US Equities: A Yearly Overview

U.S. equities had a strong correlation with Bitcoin throughout 2022 due to unprecedented rate hikes from central banks worldwide. This correlation was disrupted in November 2022 when FTX collapsed, resulting in a brief period of divergence between the two asset classes before resuming their joined paths once again. However, as 2023 began, Bitcoin started to diverge away from traditional U.S. equities such as S&P 500, Dow Jones Industrial Average (DJI) and Nasdaq (NDAQ). Currently, Bitcoin is in a negative correlation with S&P 500 (-0.38), NDAQ (-0.21) and DJI (-0.38).

The Most Uncorrelated Period In Over A Year

This is the second most uncorrelated period between Bitcoin and U.S equites since January 2022 – a sign that investors may be beginning to view them as separate asset classes rather than one entity tied together by macroeconomic forces such as inflation or interest rates . It remains to be seen whether this trend will continue for the rest of 2023 or if it will result in another surge of correlations similar to what we saw last year when both markets were strongly linked together for well over 12 months straight

Implications For Crypto Markets

The implications of this continuing trend could have far-reaching effects on the crypto markets as investors begin to view these assets independently rather than just as an extension of traditional markets like stocks or bonds . There are now more opportunities for traders and investors alike who are looking for unique ways to diversify their portfolios without having to rely solely on traditional investments such as stocks or bonds . Additionally, this could also result in increased volatility within the cryptocurrency market as traders take advantage of any potential discrepancies between the prices of different digital assets while hedging against any potential losses through other traditional investments .

Risks Of Investing In Crypto Markets

While there are many advantages that come with investing into cryptocurrencies , it’s important for all traders and investors alike to understand the risks associated with these types of assets . Cryptocurrency investments can prove highly volatile due to their decentralized nature , meaning that prices can swing drastically within very short periods of time based on market sentiment alone . Additionally , some crypto exchanges may not be regulated by governments , making them potentially vulnerable targets for hackers looking to steal funds from users’ accounts . As such , it’s important that all traders take necessary precautions when investing into digital assets such as researching each exchange thoroughly before committing funds or trading on them

Conclusion

As we move into 2023, it looks increasingly likely that we will see continued divergence between Bitcoin and US equity markets – potentially providing new opportunities for savvy investors looking for unique ways to diversify their portfolios without relying solely on conventional financial products like stocks or bonds . However , it’s also important for all traders and investors alike to understand the risks associated with investing into cryptocurrencies before committing any funds towards these types of assets

• Chainalysis‘ recent report revealed that 24% of tokens launched in 2022 experienced a significant price decline within the first week of launch.
• The report suggests that these price drops are likely due to pump-and-dump (P&D) schemes.
• An analysis of the 25 tokens with the most significant price drops showed they lacked trustworthiness and had honeypot coding to prevent new buyers from selling their tokens.

Almost 25% of Tokens Launched in 2022 Resembled P&D Schemes

Chainalysis’ recent report revealed that 24% of over one million tokens launched in 2022 experienced a significant price decline within the first week of launch. This suggests that these declines may be attributed to pump-and-dump (P&D) schemes, which occur when holders promote an asset with misleading statements causing a rise in its value before selling it at an overvalued price, resulting in its subsequent crash.

Analysis of Tokens Showed They Lacked Trustworthiness

An analysis was conducted on the 25 tokens with the most significant price drops within their first week; this analysis revealed that these projects lacked trustworthiness and contained “honeypot” coding preventing new buyers from selling their tokens. Furthermore, data points indicated 445 unique wallets belonging to either individuals or groups were responsible for 24% of all the 9,902 detected P&D scheme resembling tokens — with one wallet responsible for launching 264 such tokens alone in 2022.

Pump & Dump Schemes May Have Influenced Token Prices

These findings suggest that P&D schemes may have affected token prices as soon after they were listed on exchanges — while some market conditions can also affect prices negatively, there is reason to believe that P&Ds caused some of them. Due to this, regulators have stepped up efforts to monitor crypto markets and crack down on any illegal activities taking place therein.

How Can Investors Protect Themselves?

Given what has been discussed thus far, it is imperative for investors who wish to partake in cryptocurrency trading and investments do so responsibly by conducting thorough research into any project before investing funds into it; doing so will help ensure investors make well informed decisions and protect themselves against potential scams or fraudulent activity.

ConclusionTo conclude, Chainalysis’ recent report revealed that almost 25% of all tokens launched in 2022 resembled P&D schemes – suggesting many investors may not have been aware or able to distinguish between legitimate projects and those created solely for malicious activities such as money laundering or market manipulation. As such, investors should take caution when engaging with cryptocurrencies and conduct thorough research into any project prior to investing funds into it to protect themselves against possible scams

• UK’s most violent prisoner Charles Salvador ‚Bronson‘ is launching an NFT collection.
• The 10,000 piece collection includes 1,500 previously unseen pieces from Bronson’s 47 years in prison.
• 25% of proceeds from the NFT sale will go towards a foundation supporting art-making programs for at-risk youth.

Charles Salvador ‘Bronson’ to Release NFT Collection

Charles Salvador ‚Bronson,‘ who was first imprisoned in 1974 for armed robbery and has since become known as the UK’s „most violent“ prisoner, is launching an NFT collection that features his artwork. The 10,000 piece collection includes 1,500 previously unseen pieces from Bronson’s 47 years spent in prison and solitary confinement, alongside 8,500 3D pieces inspired by poetry, personal interviews, and writings.

Collection Details

Certain rare NFT holders are being promised a meet and greet with the founders and an AMA with the artist, in addition to various other physical items. 25% of proceeds from the NFT sale will also go towards a foundation supporting art-making programs for at-risk youth.The physical exhibition at Henarch Galleries will only be accessible to those who hold an NFT and opens on Feb. 26th. Prices for Bronson’s works on paper range from £700-£30,000 while prices for the NFTs have yet to be determined; they are scheduled for a Feb 12th release on OpenSea.

Background

Bronson has not left jail since 1974 due to repeated offenses against both staff and fellow inmates; he now calls him Charles Salvator. Retired Metropolitan police detective Peter Kirkham told Sky News that he hopes this project will boost Bronson’s bid for parole: “If we can show that Charlie wants to get out of prison to work on his art, I think there is definitely a good chance that he gets out on parole.“ It’s not the first time a sitting prisoner has released an NFT collection either – In Dec 2021 an auction of drawings made by Silk Road founder Ross Ulbricht raised over $6 million dollars to support families with incarcerated children.

Curator’s Take

London-based curator Oliver Hammond told Sky News that he hopes the exhibition will boost Bronson’s bid for parole: “If we can show that Charlie wants to get out of prison to work on his art, I think there is definitely a good chance that he gets out on parole.“

Conclusion

Controversial inmate Charles Salvador ‚Bronson‘ is releasing an expansive 10,000 piece NFT collection featuring never before seen artwork created during his 47 years spent in prison and solitary confinement as well as 3D pieces inspired by poetry and more. A portion of proceeds earned from sales will go towards helping at risk youth through artistic programming initiatives while some lucky buyers may even get a meet and greet opportunity with the artist himself!

• Kraken, a crypto exchange, has closed its Abu Dhabi office and is ending support for United Arab Emirates‘ national currency Dirham.
• The exchange discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region.
• Kraken users in the region will still be able to use the platform but deposits in Dirhams will be automatically converted to USD.

Kraken Closes Abu Dhabi Office

Kraken, a cryptocurrency exchange, has closed its Abu Dhabi office and has ended support for United Arab Emirates‘ national currency Dirham according to Bloomberg News. The firm discharged eight members of its MENA (Middle East and North Africa) team, keeping the managing director Benjamin Ampen to oversee the transition in the region.

Nasdaq-listed Crypto Exchange

Kraken is one of many firms that was licensed by Abu Dhabi Global Market last year. It is also a Nasdaq-listed crypto exchange which allows clients to trade cryptocurrencies such as Bitcoin and Ethereum using various fiat currencies including US Dollars, Euros and British Pounds.

Support For UAE Dirham Ended

The registry showed that Kraken is no longer active in UAE due to which it has stopped providing support for Dirhams as well. This means that those who are interested in trading on Kraken from UAE can only do so with other supported currencies like USD or EUR.

Deposits In Dirham Automatically Converted To USD

Deposits made in dirhams will be automatically converted into US Dollars and clients can use other currencies supported by Kraken’s platform instead of dirhams. Although this change might affect some traders, they will still have access to all other features available on Kraken’s platform such as real-time market data and advanced trading tools like margin trading or futures trading with up to 50x leverage.

Crypto Exchange Shuttering Operations In Japan

This isn’t the first time that a crypto exchange has shuttered operations because earlier this year both Coinbase and Kraken have withdrawn from Japan citing market conditions there. However, despite these closures users can still access their platforms from anywhere around world making them more accessible than ever before