The international hacker collective Anonymous wants to offer $42,000 in Bitcoin (BTC) to Russian soldiers in return for every surrendered tank. Bitcoin in Exchange for a Russian Tank According to the Ukrainian media outlet Metro, the hacker group has amassed over $8 million (at the time of writing and is offering Russian tank crews worth $42,000 (at the time of writing) in BTC for every surrendered tank. Russian soldiers are advised by Anonymous to surrender with a white flag and use the password ‘million’ to show that they accept the collective’s terms. “Russian soldiers, everyone who wants to live with their families, children, and not die, the Anonymous global community has collected RUB 1,225,043 in bitcoin to help you,” the group is quoted as saying. In fact, the Ministry of Defence of Ukraine has also reportedly said that they will guarantee amnesty to Russian forces who surrender. Anonymous Targets Putin At the end of February, the hacker collective Anonymous declared war on Russian President Vladimir that he will ‘face unprecedented cyberattacks from all corners of the world’ should he not stop his invasion of Ukraine. “This is not a war you can win regardless of how powerful you think you are,” the group added in a video message directed to Putin. #Anonymous message to Vladimir Putin pic.twitter.com/eIy9YpDvM5 — Anonymous (@LatestAnonPress) February 27, 2022 The hacking group further stated that over 300 websites belonging to the Russian government have been taken down, showing the hacker collective’s reach and power.

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Despite the recent turbulence in the cryptocurrency market, Hedge fund Pantera Capital predicted a surge in bitcoin’s price in the coming weeks. Tax Day Could Propel Bitcoin’s Rally In its report, titled “The Next Mega-Trade,” Pantera Capital pointed out the various reasons why bitcoin (BTC) could resume its bull run soon. One of them being the approaching “Tax Day,” which is on April 18th, 2022. The company reminded that during the previous bull runs of 2013, 2017, 2020, and 2021, bitcoin’s price soared significantly 35 days prior to the event. However, the crypto only incurred losses around that time as investors were selling their holdings to cover their taxes. “That makes some sense. A lot of crypto traders are new to investing. You can imagine a person buying as much bitcoin as they can. Since they’re “all-in” on crypto, the only way to raise cash to pay their tax bill is to sell some crypto. Prices fall leading up to Tax Day,” the report noted. Crypto Could Emerge as a Separate Niche Subsequently, Pantera Capital also believes that crypto industry will emerge as a separate niche on its own, meaning, it will be cut off from traditional financial markets and start trading independently “And so we think over the next number of weeks, crypto is basically going to decouple from traditional markets and begin to trade on its own again,” the Pantera report read. In 2013, Pantera launched the first cryptocurrency fund in the U.S.The same year, the company also launched the first blockchain-only dedicated venture capital fund. Founded in 2003, the firm currently has $4.6 billion in assets under management and has been involved in 95 venture investments.

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Bitcoin titan Michael Saylor has pointed out that wars create inflation, cripples commerce which makes the leading cryptocurrency Bitcoin (BTC) compelling. Wars Make Bitcoin Compelling: Michael Saylor The CEO of Microstrategy, Michael Saylor, has pointed out that wars create inflation and cripple commerce. This in turn makes Bitcoin (BTC) compelling as it serves as an alternative to hedge against inflation, according to him. Wars create inflation, cripple commerce, and make #bitcoin compelling. pic.twitter.com/YksI21FcXS — Michael Saylor⚡️ (@saylor) February 24, 2022 One of the common investments behind Bitcoin (BTC) is that it’s a great hedge against inflation. For instance, the number of Bitcoin (BTC) is limited to 21 million, while the number of U.S. dollars typically increases over time. With everything else being equal, if the supply of the U.S. dollar increases, the value of Bitcoin in dollars should also increase. This essentially means that the limited supply of Bitcoin is a good hedge against the increased supply of the U.S. dollar. Over $5M in BTC Raised to Support Ukrainian Army One of the largest non-governmental organizations (NGOs) providing support to Ukraine’s military, Come Back Alive, has received over $5 million in bitcoin donations after Russia launched a full-scale attack against Ukraine. At the time of writing, the wallet address has over 133 BTC. Founded in 2014, the Kyiv-based group provides support to Ukrainian soldiers, including a range of military equipment, training services, and medical supplies. At the same time, the country’s Ministry of Defence has also set up a designated bank account to accept donations for Ukrainian armies in fiat currencies.

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American Stockbroker Peter Schiff has once again speculated a fall in Bitcoin prices. In a tweet made minutes before the time of writing this article, the Bitcoin critic criticized mainstream media houses like CNBC for ignoring the 2% drop in Bitcoin’s price in the face of a crisis, when gold was up by 2% to $1863, which is its highest price in the last three months. He also said that had the situation been reversed, CNBC would be constantly talking about it. Many Other Than Peter Schiff Predict a Fall in Bitcoin Prices Over the Weekend Incidentally, Peter Schiff is not the only one speculating a drop in Bitcoin’s price. With the U.S. urging its citizens to leave Ukraine amid the threat of a war with Russia, many have been left wondering if this will lead to a fall in Bitcoin’s price. Schiff, in one of his tweets made a few days ago, had said that gold was a potential alternative to Bitcoin and it was a safe investment. The situation between the U.S and Russia has been deteriorating rapidly as there have been speculations about Russia planning to invade Ukraine over its growing inclination towards the European world. Experts predict that if there is indeed a war between these two giants, it would take a massive toll on Bitcoin’s prices. If that happens, the bull run for Bitcoin would be short-lived after it managed to crawl its way back to $45,000 after falling to $33,000 last month.    

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The BTC price successfully continues the uptrend after the retest of the falling wedge breakout. The rally breaks above the $40K and aims to head higher.  The most distinctive benefit of Bitcoin comes because it was the first cryptocurrency to hit the market. It has been able to establish an international community and gave birth to a completely new business sector with millions of passionate users who invest, trade, and utilize Bitcoin and other cryptocurrencies in their daily lives. The first cryptocurrency has provided an idea and a technological foundation that later influenced the creation of a multitude of different projects. Let us move ahead to read about BTC technical analysis. Past Performance of BTC The BTC price action retests the bullish breakout of the falling broadening wedge pattern within a morning star pattern. The bullish reversal with the morning star resulted in a price jump of more than 11%. Moreover, the price breaks above the crucial $40K mark.  BTC/USD Daily Chart BTC Technical Analysis The BTC price shows a slight retracement to retest the bullish breakout of the $40K in the price chart. However, traders can shortly find the price giving a lower price rejection to continue the uptrend.  The crucial Exponential Moving Averages (50, 100, and 200-day) showcase a bearish alignment in the daily chart. The price jump aims to break above the 50-day EMA (red) to reinstate the uptrend.  The RSI indicator shows a sharp increase in the slope as it breaks above the 14-days SMA and the central line in the daily chart. Therefore, the indicator reflects a boom in the underlying bullishness.  The MACD indicator shows the MACD and signal lines rising higher towards the zero line after the bullish crossover. Moreover, the increasing trend of bullish histograms showcases a rising buying pressure.  In a nutshell, the technical indicators and the sudden increase in buying pressure reflect a potential uptrend that may reach the $45K mark shortly.  Upcoming Trend The BTC price action finds a sudden increase in demand after the retest of the falling wedge pattern and breaks above the $40K mark. This improves the overall market sentiment and increases greed among investors.  As per the Bitcoin price action, the crucial support levels are at $40K and $38K. And, on the upside, the rising uptrend can find opposition near the $45 and $48K.

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Crypto trading platform Paxful has announced the launch of ‘La Casa Del Bitcoin’, an educational and training center in El Salvador to enable free learning opportunities related to Bitcoin (BTC). According to the official blog post, Paxful will conduct educational workshops and training focused on Bitcoin adoption in the country. It also aims to offer merchants and local businesses tools to connect with a global community of Bitcoin users. Will Hernandez, the Director of LATAM Growth at Paxful stated that the platform saw 300% growth in El Salvador last year. He pointed that the country is undergoing a transformation where P2P platforms are fostering crypto adoption: “What we’re witnessing is a moment of transformation in El Salvador. Peer-to-peer platforms are driving adoption in emerging markets, and as a people-powered platform, we understand that education is crucial to the next wave of adoption.” Overall, the education center aims to offer education, accessibility and demonstrate the real-world benefits of Bitcoin to emerging markets. Bitcoin Knowledge Among El Salvadorans La Casa Del Bitcoin will be home to the office of the Built With Bitcoin Foundation, a U.S.-based nonprofit organization dedicated to providing clean water, access to quality education, sustainable farming, and humanitarian support powered by Bitcoin and cryptocurrencies. Commenting on the development, Yusuf Nessary, Director of Philanthropy at Built With Bitcoin Foundation, said: “We’re excited to build a home for the Built With Bitcoin Foundation in El Salvador and expand our impact. The projects that we are launching demonstrate the power of Bitcoin as a philanthropic tool to aid change and further financial freedom.” The Bitcoin education initiative comes at a time after a survey from September revealed that 90% of El Salvadoran respondents said that their understanding of Bitcoin was poor or even non-existent. Later another survey suggested that more than 50% of El Salvadorans were not familiar with Bitcoin.

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Bitcoin lovers in the United States are getting impatient as the Securities and Exchange Commission (SEC) is not making a clear take on Bitcoin ETF. Due to concerns about manipulation, liquidity, and transparency, SEC has delayed deciding on Grayscale’s pending application to convert its Bitcoin Trust into a spot ETF. The SEC’s notice published on Friday didn’t reveal anything new about Grayscale’s pending application, which comes as no surprise. SEC Wants Written Submissions From People According to the 10-page notice, the SEC expressly requests ‘written comments’ from ‘interested people’ in the general public to provide their ‘ideas, statistics, and arguments’ addressing the regulator’s previous concerns about market fraud, manipulation, and overall lack of transparency. According to the notice, the public has 21 days from today, as specified in the Federal Register, to submit written data, views, and arguments on whether Grayscale’s application should be granted or denied, with a 35-day window for rebuttal. According to the notification, individuals interested in submitting comments to the SEC can do so either electronically or on paper.  The SEC has a History of Rejecting Spot ETF Applications Grayscale, the world’s largest digital asset management firm, applied in October to convert shares of its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, attempting to reverse previous rejections of BTC spot ETF applications by the regulator. Unfortunately, the SEC announced two months later that it would be delaying its decision on Grayscale’s application, citing major issues such as market fraud, manipulation, and transparency. According to a tweet, Grayscale has $36.5 billion in assets under management as of February 4th, with its GBTC product accounting for nearly 71% of total assets. The SEC also rejected Fidelity’s Wise Origin Bitcoin Trust at the end of January, just seven days after rejecting a spot bitcoin ETF proposal from First Trust and SkyBridge Capital. Surprisingly, in rejecting Fidelity, the SEC went into great detail on surveillance-sharing agreements and the SEC’s responsibility to ensure that exchanges follow the Exchange Act’s requirements. It’s worth noting that the SEC approved ProShares Bitcoin Strategy ETF in October of that year, making it the first Bitcoin futures fund to be allowed in the US, followed by a pair of Strategy ETFs from Valkyrie and VanEck.

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In a tweet made minutes before the time of writing this article, legendary trader Peter Brandt took a dig at crypto bulls who until March last year were predicting an all-time high for Bitcoin in November. The tweet came less than a week after Bitcoin hit $33,000, resulting in massive losses for investors. In the same tweet, Peter Brandt also suggested that maybe it was the right time to buy BTC.   I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated When bulls wear laser eyes — time to SELL When bulls become bears — time to BUY???? pic.twitter.com/ytchaFLDfN — Peter Brandt (@PeterLBrandt) January 30, 2022 Peter Brandt Seems to Think Now’s the Ideal Time to Buy BTC In a tweet that basically poked fun at “crypto pundits” who until last year were anticipating Bitcoin’s price to skyrocket in November, Brandt said that he found it quite funny that the same experts are now feeling that Bitcoin’s price may go below $30,000. In response to these speculations that Brandt thought were quite alienated from reality, he suggested that maybe it’s time to buy BTC. Bitcoin’s Price Is Undergoing A Slump Bitcoin’s price has been going through a constant slump since the start of this year. The year started with Bitcoin firmly placed at $47,000. But as the month progressed, Bitcoin’s price consistently slashed until it hit $33,000 last week. This resulted in the world’s five wealthiest tech magnates collectively losing almost $85 billion in the first few weeks of 2022, with the week’s market sell-off wreaking havoc on their fortunes. While Tesla CEO Elon Musk lost $27 billion, Amazon founder Jeff Bezos went down by $25 billion. Also, Binance founder Changpeng Zhao saw his crypto fortunes plummet by a staggering $17.7 billion.

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Basketball player LeBron James is the latest celebrity to join Crypto.com‘s high-profile marketing campaign, which already includes actor Matt Damon and the naming rights to a Los Angeles sports facility. The LeBron James Family Foundation (LJF) and Crypto.com announced a multi-year agreement on Friday to support Web3-related ‘educational and professional development initiatives’ that help students and families create a ‘solid foundation in Web3 and…blockchain-based decentralized applications.’ Web3 (or Web 3.0) refers to what some see as a more egalitarian and fair internet. Its proponents argue that it is decentralized, providing consumers more control. The relationship with James is part of Crypto.com’s huge marketing push in recent months, which has enlisted the help of Hollywood luminaries and cost the company more than $1 billion. The Singapore and Hong Kong-based exchange secured a $700 million contract in November to have its name emblazoned on the former Staples Center, which is now home to the NBA’s Los Angeles Lakers (James’ franchise) and Clippers. The company earns a share of crowd transactions at the venue as part of the arena naming rights contract, and even more if the transactions are conducted using Crypto.com’s app. In October, Crypto.com debuted television advertising showing Damon, a corporate investor who has since become the brand’s face. The Damon-led series of ads, which will also include NBA player Carmelo Anthony, mixed martial artist Ronda Rousey, and South Korean rapper Lee Chae-rin, nicknamed CL, cost $100 million to develop. Crypto.com declined to comment on whether James would feature in a commercial as part of the new collaboration. According to Bloomberg, the corporation has also invested another $400 million in other sports sponsorship deals, including with the Ultimate Fighting Championship (UFC), Formula 1 motor racing, and elite ice hockey, football, and soccer clubs. In December, Crypto.com CEO Kris Marszalek told Fortune that the platform’s goal is to become the next ‘killer app…like Instagram, but for the crypto world.’ He indicated at the time that the company was profitable on $500 million in revenue during the April to June 2021 quarter. Crypto.com had 10 million users a year ago, but according to a representative, that figure has increased dramatically since then. Hackers stole almost $30 million in cryptocurrency from 483 Crypto.com customer accounts earlier this month; the business later refunded those users. Celebrities are increasingly being used by crypto firms, metaverse platforms, and digital asset efforts, such as non-fungible token (NFT) projects, to generate attention. NBA player Steph Curry, for example, just debuted a digital shoe NFT collection and owns an NFT from the Bored Ape Yacht Club, a popular NFT collection featuring bored-looking digital apes in various colors and clothes. Meanwhile, Paris Hilton, a reality TV celebrity, and DJ Steve Aoki just performed in the metaverse. In the Sandbox, one of the most popular metaverse platforms, Warner Music is constructing a concert-themed theme park. Celebrities promoting cryptocurrency and other hot internet-based enterprises, on the other hand, have been chastised. Investors filed a complaint in early January, saying that celebrity marketers of the crypto asset EthereumMax misled them through fraudulent and deceptive social media posts. The complaint names reality celebrity and influencer Kim Kardashian as well as boxer Floyd Mayweather. Skeptics also worry about a coming ‘crypto winter,’ which refers to a significant decrease in cryptocurrency prices followed by months of decline. Bitcoin and Ethereum, the two most prominent cryptocurrencies, have lost over 40 percent of their value since November.

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The president of El Salvador, Nayib Bukele announced the purchase of 410 Bitcoin (BTC) for $15 million in the midst of a day of sharp declines in the cryptocurrency markets, as the flagship cryptocurrency trades below $37,000, last seen during July 2021. “I was wrong, didn’t miss the Bitcoin dip. El Salvador just bought 410 BTC for only 15 million dollars, Some guys are selling really cheap,” Bukele said in a Tweet on Friday. Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars 🥳 Some guys are selling really cheap 🤷🏻‍♂️ https://t.co/vEUEzp5UdU — Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022 With the latest addition, the total Bitcoin holding of El Salvador stands at 1801 BTC, currently valued at about $66 million. A few hours before the announcement, news was also revealed that the government of El Salvador has planned on offering small and medium-sized companies (SME) for $10 million in crypto loans during the first quarter of 2022. Acumen, a Solana-based lending platform, will be financing the initiative of the National Commission for Micro and Small Businesses (CONAMYPE) with an annual interest between 6 percent and 7 percent with a maximum of 10 percent. The platform will use stablecoins like USDC or USDT to Conamype which would then distribute to entrepreneurs through Banco Hipotecario, a government-owned bank. The entrepreneurs would then pay the loan and its interest in the U.S. dollars to the Mortgage Bank, which would then be in charge of paying the debt to Acumen. In September, El Salvador became the first country in the world to adopt bitcoin as legal tender despite criticisms from global financial institutions like the IMF and World Bank. After the acceptance of BTC, the country announced tax exemption for foreign investors on BTC profits. The President of El Salvador later pledged to build a tax-free Bitcoin City for certain crypto investors in addition to establishing geothermal bitcoin mining facilities to make the Central American country a global crypto mining hotspot.

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Samaa TV reported last Tuesday, citing FIA Director Babur Bakht Qureshi, that Pakistan’s Federal Investigation Agency (FIA) has written to the Pakistan Telecommunication Authority (PTA) seeking a prohibition on the access to more than 1,600 cryptocurrency trading websites. Last week, the director announced his plan to seek the Telecommunications Authority over the shutdown of various crypto websites. Cryptocurrency, he believes, is being used for money laundering. Qureshi said “a list of those involved in the Bitcoin trade is being compiled,” according to the website. When Bitcoin is banned in Pakistan, he says, “These guys would be jailed.” Furthermore, Qureshi stated that those who promote cryptocurrency in Pakistan will be prosecuted. The director was cited as adding, “These persons are on the radar of the agency, and action will be done against them soon.” Pakistan Still Comprehending What To Do with Crypto Pakistan’s government is debating whether or not to ban or regulate Bitcoin. Shibli Faraz, Pakistan’s minister of science and technology, said last Monday during the country’s inaugural blockchain summit, which his ministry co-hosted, that the government plans to “regularize” cryptocurrencies in Pakistan. He went on to say that the finance ministry, the State Bank of Pakistan, and the Pakistan Securities and Exchange Commission are all working on a strategy right now. The State Bank of Pakistan (SBP), on the other hand, has already decided to outrightly ban cryptocurrencies. The central bank presented a report to the Sindh High Court last week suggesting that cryptocurrency be banned entirely.

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