NF Advise

Whale Alert crypto service that tracks large transactions in digital currencies has noted three Bitcoin transactions from dormant addresses that have been activated after 12.4 years—the dawn of Bitcoin.

Three wallets containing 50 Bitcoin each have come back to life since 2009, when Bitcoin, the first ever and only cryptocurrency at that time, was created by the mysterious Satoshi Nakamoto. Some believe Nakamoto to actually be a group of IT engineers and cryptographers.

The famous day, when programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC, known as "Bitcon pizza day" now, took place roughly a year later, in May 2010.

The Bitcoin contained in the three Satoshi-era wallets is worth slightly over $6 million now that digital gold is trading at $43,681, per CoinMarketCap.

Many believe that a rational explanation for these wallets awakening now is that the owners have managed to find or bump into the keys to their addresses they had believed to be lost.

Curiously, on April 7, two more Bitcoin wallets that awakened after 12.4 years came back to life, sending 50 BTC each. Mining Bitcons back then was possible on simple video cards on a PC at home, so these wallets are likely to hold a lot more than just 50 BTC worth $2 million now.

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The world’s richest non-exchange Bitcoin (BTC) whale is once again diving into the market.

The address, which holds over 120,000 Bitcoin worth around $5.5 billion, has added another 3,241 BTC as the flagship cryptocurrency floats at about 5% below its seven-day high.

The whale, which is the third-richest overall after the wallets controlled by the crypto exchanges Binance and Bitfinex, initially accumulated 289 BTC and then another 2,952 BTC on April 5th.

The total value of the newly acquired BTC is slightly above $145 million.

The whale’s actions in recent weeks have been about as volatile as the price of BTC, and this week’s accumulation period comes days after a series of major outflows.

From March 21st to the end of March, the address appeared to have sold 3,000 Bitcoin. And from April 1st to the early hours of April 5th, another 4,500 BTC left the wallet, bringing the total value of outflows to slightly over $336 million in under three weeks.

The on-chain analyst at blockchain analytics firm Glassnode says that April typically registers heavy buying of Bitcoin.

An analyst at the firm, who goes by the pseudonym Checkmate, says that both whales and holders with less than one BTC are now buying.

“A historically strong month of Bitcoin buy side has seen exchange outflows hit approximately 96,000 BTC per month, with Shrimp and large Whales leading the charge.

We still need to see market follow through, but there has been an impressive volume taken off market recently.”

Bitcoin is trading at $44,890 at time of publishing.

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Chicago-based payment app Strike has integrated with global e-commerce giant Shopify so merchants can accept Bitcoin payments via the Bitcoin Lightning Network.

The Lightning Network (LN) is a Layer-2 scaling solution for Bitcoin designed to facilitate faster and cheaper transactions.

Strike CEO Jack Mallers revealed the new integration on stage at Miami's Bitcoin 2022 conference today. The move could allow Shopify’s almost two million global merchants to accept Bitcoin payments denominated in USD. However the only merchant partner cited in Strike's official release was Warren Lotas, an LA based streetwear brand — and that site was down at the time of writing.

Shopify is the world’s 18th largest ecommerce company with about $4.6 billion in annual revenue according to market research site Macrotrends. Its service enables merchants to set up an online store in 175 different countries.

The Bitcoin 2022 official Twitter account stated the integration was already live and quoted Mallers chiding the modern payments system which started in 1949 with the Diners Club card:

“Any online merchant that uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, no intermediary no 3% fee.”
According to Mallers one of the main advantages to using Bitcoin via Lightning is that payments settle nearly instantly as opposed to the “late, two to 15 day settlement” he cited as a drawback of existing common electronic payment methods. He added that instant settlements help both consumers and merchants complete accounting work and know their exact balances faster.

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As prominent altcoins reach new all-time highs, the aggregate market capitalization of all cryptocurrencies is getting closer to $3 trillion for the first time.

On Monday, November 8, Bitcoin (BTC) continued to rise as Ethereum (ETH), Solana (SOL), and Polkadot (DOT) all recently pushed into previously unexplored price ranges.

Currently, the flagship digital asset BTC is now trading at $66,094, up 6.50% in the last 24 hours and up 6.11% over the previous week, with a total market cap of $1.2 trillion.

Notably, in just 24 hours, Bitcoin climbed from $61,7100 to $66,094 as the price of BTC spiked, with over $70 billion flowing into the digital asset.

Crypto experts predict
Elsewhere, prominent crypto trading analyst Michael van de Poppe stated on the markets epic rise:

“Total market capitalization hitting $3 trillion for Crypto. As a comparison, the http://Dot.com bubble was $10-12 trillion in 2000.”

Research shows that Bitcoin is still the best investment for a high return on investment (ROI). This year, the return on Bitcoin ROI has been much better than the return on most other assets, surpassing the majority of commodities, stocks, currencies, and indices.

Several cryptocurrency analysts anticipate that other milestones will be reached in the last two months of 2021, with one renowned price prediction model predicting that Bitcoin will hit six digits by Christmas time.

Global crypto market
Presently, the entire value of the cryptocurrency market is $2.87 trillion, representing a 4.49% gain over the previous day, while the total volume of the cryptocurrency market during the past 24 hours is $107.77 billion, reflecting a 14.73% increase.

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The cute Shiba Inu puppy bit the bloodthirsty Kraken and infected it with bullishness.

Kraken, the eighth largest cryptocurrency exchange in the world according to Coingecko, announced today that it would start supporting the trading of Shiba Inu (SHIB), a Dogecoin-inspired cryptocurrency that has gained a lot of popularity after the boom of the meme tokens during the COVID-19 lockdown.

Trade Shiba Inu On Kraken… NOW!
The exchange doesn’t want to wait another second for its users to start messing around with the token, and its Twitter announcement makes that clear, in all caps, exclamation points and all.

Kraken knows how to read its userbase. The decision to include Shiba Inu has probably been the Platform’s most popular listing. The announcement got 41.2K likes in a single day and just over 16.4K Retweets.

This makes it the second most popular tweet of the crypto exchange, only beaten by a challenge in which the Community Management team pledged to list Shiba Inu if their tweet got over, erm, 2,000 likes.

They beat 80.000 likes in 24 hours.

Following the tweet’s success, the exchange kept its word – at least in part. The team assured that they would take the interaction into account, although they warned that listing processes are lengthy.

They didn’t list it right away, but today’s announcement shows that they didn’t fail the community either. According to an official blog post, Kraken and Kraken Terminal will be available for Shiba Inu, but futures and Margin Trading will not.

It will be traded only against USD and EUR.

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A global investment manager is predicting Bitcoin (BTC) could surge by over 100 times as hard currencies become less attractive reserve assets.

In a new blog post, VanEck emerging markets fixed income strategy chief economist Natalia Gurushina and head of active emerging markets debt Eric Fine say the upside for Bitcoin is “potentially dramatic” were it to be widely adopted as a reserve asset.

VanEck says that Bitcoin’s price could one day hit $1.30 million. According to VanEck, this projection would play out when the highly liquid global money supply, M0, is divided by the flagship cryptocurrency’s existing supply.

When the less liquid global money supply, M2, is divided by the flagship crypto asset’s total supply, VanEck says that Bitcoin’s price could hit $4.80 million.

M0 is the highly liquid money supply and consists of the physical currency, both notes and coins, held inside or outside of the banking system. M2 is the less liquid money supply and consists of money held outside the banking system such as checking deposits, savings deposits and money market securities.

“The implied price of Bitcoin using the same aggregate M0 that we used for gold is around $1,300,000 per coin.

The implied price of Bitcoin using global M2 is $4,800,000 per coin.”

Bitcoin is trading at $45,257 at time of writing and would need to appreciate by between more than 2,700% and over 10,500% to reach VanEck’s price projections.

According to VanEck, the freezing of Russia’s foreign currency reserves following its invasion of Ukraine is what will make alternatives such as gold and Bitcoin more attractive as national reserve assets.

“Precious metals are the original reserve asset, but cryptocurrencies are a possible addition/replacement/portion.”

VanEck, however, warns that the projections are “extreme” and urges inv

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Didi Taihuttu, patriarch of the so-called 'Bitcoin Family,' is setting down roots in Portugal, Europe's ultimate crypto tax haven.

Settling down is a big deal for the Dutch family of five, who have traveled the world for the last five years. But after spending time in 40 countries, Portugal — which is one of the last places in Europe with a 0% tax on bitcoin — was just too enticing a destination to ignore.

"You don't pay any capital gains tax or anything else in Portugal on cryptocurrency," said Taihuttu. As long as you don't earn cryptocurrency for providing services in Portugal, you're in the clear.

"That's a very beautiful bitcoin heaven," he said.

In 2017, Taihuttu, his wife and three kids liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. The world's biggest cryptocurrency is currently trading around $41,000 after peaking at about $69,000 in November.

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