Monat: Juli 2023

Key takeaways

• Bitcoin has been trading around the $30k region in the last two weeks and could rally higher in the near term.

• AltSignals has entered stage two of its presale after raising more than $1 million in the first stage. 

The cryptocurrency market performed well in recent weeks, thanks to the spot Bitcoin ETF filings by BlackRock, Fidelity, and Valkyrie. 

The events saw Bitcoin rally past the $31k level earlier this week before retracing to the $30k level. 

Bitcoin stays around $30k in recent weeks

Bitcoin, the world’s largest cryptocurrency by market cap, has been trading around the $30k region for the last two weeks. The cryptocurrency has maintained its price around the region in recent weeks thanks to optimism from investors. 

At press time, the price of Bitcoin stands at $30,117 per coin. Some cryptocurrency experts are now predicting a Bitcoin rally in the coming months.

Crypto services provider Matrixport believes that Bitcoin could rally as high as $125,000 by the end of 2024.

The bullish sentiment could positively affect other cryptocurrencies, including AltSignals, which recently concluded its first presale stage. 

AltSignals will list on numerous cryptocurrency exchanges once it concludes its presale funding rounds, and its ASI token could experience a price surge if Bitcoin and the broader crypto market embark on a rally. 

AltSignals commences the second stage of presale

AltSignals concluded the first stage of its presale a few days ago, raising more than $1 million in the process. During the stage one presale, the ASI token was sold for $0.015 USDT.

The AltSignals team has raised the token price in the second stage, and ASI is now sold for $0.1875. With a target of over $2 million in the second stage, AltSignals has already raised more than $1 million so far. 

The team has already started working on releasing numerous products. AltSignals is a unique project that will use AI to make it easier for people to trade Bitcoin and a host of other cryptocurrencies. 

Click here to read more about the AltSignals presale.

What is AltSignals?

AltSignals is an exciting cryptocurrency project that could benefit crypto and forex traders. The products to be released by AltSignals could be beneficial to crypto traders, forex, stock, commodities, and indices traders.

The platform makes it possible for crypto traders to access trading signals. AltSignals will also provide forex, stocks, commodities, and indices signals. 

The development team will use the funds raised from the presale to develop ActualizeAI, an AI solution that could make it easier for people to trade cryptos and other financial assets. 

According to the team, ActualizeAI will be an automated solution that works 24/7. It will make it easier for traders to identify various patterns in the market, eliminating some of the pain points traders experience. 

Holders of the ASI token would have access to the wide range of services provided by AltSignals. AltSignals will use other technologies, including natural language processing, machine learning, regression, and predictive modeling, to boost its services. 

ASI tokens would be listed on numerous exchanges, including Uniswap, once the presale stages are over. 

AltSignals (ASI) price prediction

At the moment, ASI is yet to list on any cryptocurrency exchange. As such, it is hard to predict its price movement in the short term. However, the token price has increased from $0.015 to $0.1875 since the second presale stage began. 

ASI would be listed on cryptocurrency exchanges once the presale stages are concluded, and that could see ASI rally higher in the near to medium terms. If that happens, ASI could reach the $0.1 level over the next few months. 

The cryptocurrency market has seen an improved sentiment this year, with prices of most cryptocurrencies up by more than 50% year-to-date. If the fundamentals of the broader market improve in the near term, ASI could benefit once it starts trading on cryptocurrency exchanges. 

Should I buy AltSignals in its presale?

Perhaps the best time to invest in a project is during its presale. Early investors in projects like Ethereum, Solana, and Dogecoin, recorded thousands of percentages in ROI. 

AltSignals could be a project that records excellent growth due to the fact that it is a unique project that is entering a multi-billion market with some exciting solutions. With the right level of adoption, ASI could become a big winner in the coming months and years.

The post Bitcoin stabilises around $30k; can it rally to the $35k level soon? appeared first on CoinJournal.

• Bitfinex lost 119,756 bitcoins in a hack in August 2016.
• The hackers embarked on a plan to move the stolen tokens multiple times as they tried to launder them.
• In 2022, the US Department of Homeland Security arrested two people suspected of hacking Bitfinex.

Cryptocurrency exchange Bitfinex has revealed that the US Department of Homeland Security has returned part of the funds stolen from the exchange after a hack that took place in August 2016. The US Department of Homeland Security intercepted the funds after arresting two people suspected of the hacking.

The funds returned by the US Department of Homeland Security included $312,219.71 in cash and 6.917 Bitcoin Cash (BCH).

The Bitfinex 2016 hack  

The hack was at the time one of the biggest in the cryptocurrency industry. A security flaw caused the exchange to lose almost 119,756 Bitcoin (BTC), at the time worth $71.8 million. At today’s market price, the stolen BTC is worth more than 3 billion.

The Bitfinex hackers then started moving the stolen cryptocurrencies in an attempt to launder them.

However, two culprits identified as a married couple were arrested by the US authorities in February 2022 and charged with conspiracy to commit money laundering. The arrest resulted in the recovery of stolen cryptocurrencies worth $3.6 billion, making the US government have the wealthiest BTC wallet.

Distribution of the recovered funds

Acknowledging the recovery of part of the stolen funds, Bitfinex’s Chief of Technology Officer Paolo Ardoino said they:

“Look forward to recovering as much of the stolen bitcoin as we possibly can and redistributing that to holders of the tokens that were issued in response to the hack in 2016.” 

The victims of the Bitfinex hack had received Recovery Right Tokens (RTTs) that act as an IOU. The RTTs could be exchanged for cash or iFinex capital stock in future. There were a total of 30 million RRTs in circulation, and the crypto exchange has said that the funds it has recovered so far are not enough to meet all the redemptions.

The post US Department of Homeland Security returns stolen funds to Bitfinex appeared first on CoinJournal.