Gauri Khati

Sugam

I started looking into Bitcoin since 2019 and observing market since then. Here I will express my views on Bitcoin based on my prior experience. Any view should not be considered as a financial advice.

Shashi Kumar

Shivshankar De

shubhranshu sekhar dash

Nitin AgIave

Tuntun Kushwaha

dinesh chopra

Shabaz Ansari

Ripple reaffirmed its commitment to the global crypto ecosystem during the 
Dubai Fintech Summit, where Ripple President Monica Long engaged with Sheikh 
Ahmed bin Saeed Al Maktoum. Praising Dubai’s role in the digital economy, Long 
stated: “We continue to be impressed with the leadership demonstrated by Dubai 
as it establishes itself as one of the […]

Ripple Hails Dubai’s Crypto Vision at Fintech Summit

Bitcoin has notched its highest-ever weekly close as crypto market momentum 
continues and the cryptocurrency is again nearing its all-time high.
Bitcoin (BTC) has closed at a weekly gain for the past six weeks in a row, and 
its most recent close at midnight UTC on May 18 was its highest weekly close 
ever at just below $106,500, according to TradingView.
Its last highest weekly close was in December when it reached $104,400. It 
later went on to reach an all-time high of $109,358 on Jan. 20, according to 
TradingView.
Bitcoin is now less than 3% away from its peak price and has gained 2% over 
the past 24 hours to trade around $104,730 at the time of writing.
Bitcoin also posted its highest-ever close in a 24-hour period on May 18. 
However, this is not the largest daily gain Bitcoin has made.
&#8220;Bitcoin just had its highest daily candle close&#8230; ever,&#8221; investor Scott 
Melker posted to X on May 19.
With a daily close above $105,000, &#8220;Bitcoin will develop a brand new higher 
high,&#8221; said analyst Rekt Capital.
_BTC/USD weekly timeframe. Source:__TradingView_
Bitcoin&#8217;s weekly gains over the past six weeks are mirroring its gains in 
November when it added $30,000 in three of its largest weekly candles ever.
It has added around $12,000 so far in May, climbing from $94,000 to over 
$106,000 before it pulled back to around $105,400.
_**Related:**__**BTC price to $116K next? Bitcoin trader sees &#8216;early week&#8217; 
all-time high**_
Additionally, Arete Capital partner &#8220;McKenna&#8221; said the Coinbase premium had 
returned, which measures US sentiment by comparing the difference between 
Coinbase&#8217;s BTC/USD pair and Binance&#8217;s BTC/USDT equivalent.
The &#8220;strength of this bid on a Sunday night feels strange,&#8221; they said, adding 
its &#8220;possible someone knows some important news dropping next week.&#8221;
## Bitcoin&#8217;s CAGR cools down
On May 18, analyst Willy Woo dived into Bitcoin&#8217;s compound annual growth rate 
(CAGR), noting that it was trending downward as the network continues to store 
more capital.
&#8220;BTC is now traded as the newest macro asset in 150 years, it&#8217;ll continue to 
absorb capital until it reaches its equilibrium,&#8221; he said.
Woo compared it to long-term monetary expansion of 5% and GDP growth of 3%, 
estimating that Bitcoin&#8217;s annual growth rate will be around 8% in around 15 to 
20 years when it has settled.
&gt; &#8220;Until then, enjoy the ride because almost no publicly investable product 
&gt; can match BTC performance long term, even as BTC&#8217;s CAGR continues to erode.&#8221;
_Bitcoin annualized growth rate. Source:__Willy Woo_
 _**Magazine:**__**Arthur Hayes $1M Bitcoin tip, altcoins &#8216;powerful rally&#8217; 
looms: Hodler&#8217;s Digest**_

Bitcoin notches record weekly close after highest-ever daily close candle

Bitcoin&#8217;s record close signals robust institutional interest and potential for 
further price surges, driven by limited supply and strong demand.
The post Bitcoin sets new record weekly close after breaking above $106K 
appeared first on Crypto Briefing.

Bitcoin sets new record weekly close after breaking above $106K

Ethereum price corrected gains and tested the $2,320 zone. ETH is now 
struggling and might decline toward the $2,220 support zone. Ethereum started 
a correction from the $2,580 zone and tested $2,320. The price is trading 
below $2,500 and the 100-hourly Simple Moving Average. There is a connecting 
bearish trend line forming with resistance at $2,540 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could gain strength if it clears the 
$2,550 resistance in the near term. Ethereum Price Dips Again Ethereum price 
struggled to clear the $2,520 resistance and started a downside correction, 
unlike Bitcoin. ETH traded below the $2,500 and $2,440 support levels. The 
bears were able to push the price below the 50% Fib retracement level of the 
upward move from the $2,308 swing low to the $2,509 high. The price even 
spiked below the $2,440 level, but the bulls were active near the $2,400 zone. 
The price is stable above the 61.8% Fib retracement level of the upward move 
from the $2,308 swing low to the $2,509 high. Ethereum price is now trading 
below $2,450 and the 100-hourly Simple Moving Average. There is also a 
connecting bearish trend line forming with resistance at $2,540 on the hourly 
chart of ETH/USD. If there is another increase, the price could face 
resistance near the $2,460 level. The next key resistance is near the $2,500 
level. The first major resistance is near the $2,550 level and the trend line. 
A clear move above the $2,550 resistance might send the price toward the 
$2,580 resistance. An upside break above the $2,580 resistance might call for 
more gains in the coming sessions. In the stated case, Ether could rise toward 
the $2,700 resistance zone or even $2,780 in the near term. Another Decline In 
ETH? If Ethereum fails to clear the $2,500 resistance, it could start a fresh 
decline. Initial support on the downside is near the $2,400 level. The first 
major support sits near the $2,350 zone. A clear move below the $2,350 support 
might push the price toward the $2,320 support. Any more losses might send the 
price toward the $2,220 support level in the near term. The next key support 
sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is 
gaining momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now 
below the 50 zone. Major Support Level – $2,400 Major Resistance Level – 
$2,500

Ethereum Price Fails to Break Through — What’s Holding It Back?

An Australian man from the state of Queensland has forfeited Bitcoin, a 
waterfront mansion and a Mercedes-Benz car after Australian Federal Police 
claimed the assets could be linked to the proceeds of crime.
The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 
statement that it seized nearly 25 Bitcoin (BTC), alongside the mansion and 
car, which are together worth a total of 4.5 million Australian dollars ($2.88 
million).
The AFP said its investigation began in September 2018 after law enforcement 
in Luxembourg shared information about suspicious Bitcoin transactions that 
the agency claimed were connected to the Queensland man previously convicted 
of hacking a US gaming company.
_A waterfront mansion in Queensland was confiscated under the allegation that 
it&#8217;s linked to the theft of 950 Bitcoin. Source:__Australian Federal Police_
The AFP claimed its investigation also linked the man to the theft of 950 
Bitcoin stolen from a French crypto exchange in 2013.
No criminal charges were laid over the Bitcoin theft; however, the AFP 
obtained a court forfeiture order of the property, car and Bitcoin in April 
under the claim that they could not be linked with &#8220;identifiable legitimate 
earnings.&#8221;
## AFP uses &#8220;unique powers&#8221; to seize assets
Local media outlet 7NEWS reported that the owner of the confiscated assets is 
Shane Stephen Duffy, who pleaded guilty to fraud and computer hacking in 2016 
for selling the personal data of League of Legends players.
A cyberattack on League of Legends developer Riot Games in 2011 saw hackers 
obtain the details of more than 5 million users; Duffy was not accused of 
being involved in the hack, with prosecutors saying he got a copy of the data 
online and sold it for profit.
Duffy was also accused of hacking the X account of Riot Games president Marc 
Merrill to publicize his data-selling business, which offered to sell access 
to the accounts of other League of Legends players.
_**Related:**__**Aussies lost $122 million to crypto scams in the last 12 
months: AFP**_
AFP Commander Jason Kennedy said in a statement that the agency has &#8220;unique 
powers&#8221; under the Proceeds of Crime Act to &#8220;restrain and forfeit&#8221; assets it 
suspects to be proceeds of crime, including cybercrime.
_Source:__Australian Federal Police_
&#8220;The profits derived from criminal activities are also often used to fund 
further criminal acts, which is why the AFP works closely with our partners in 
the CACT to target the proceeds of crime and ensure they are reinvested in the 
community,&#8221; he said.
The proceeds from selling the assets will be sent to a special purpose fund 
that supports crime prevention and law enforcement-related measures, the AFP 
said.
Since July 2019, the CACT has used its power to restrain over $1.2 billion in 
assets, including houses, cars, yachts, crypto and fine art.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_ _** **_

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