Bitcoin Price Range Confined — Bears Settling In

• Bitcoin’s price has been confined by a tight price range between the 50-day moving average and the ascending trendline.
• The breakout’s direction should determine the mid-term perspective of the cryptocurrency’s path.
• Bears have been settling in, as Bitcoin drifts away from $17K.

The price of Bitcoin has been confined to a tight range between the 50-day moving average and the ascending trendline. This price range is of great importance, as the direction of the breakout will determine the mid-term perspective of Bitcoin’s path. As of late, it appears that the bears are settling in, as Bitcoin drifts away from $17K.

Technical analysis of the situation reveals that Bitcoin’s price started recovering after a significant crash towards $15K in mid-November. However, this rally was halted at the $18K resistance level, which aligns with Bitcoin’s prior major pivot. Major pivots are incredibly important in price action analysis, as they often serve as either resistance or support for the price.

This is especially true in the case of Bitcoin, as the $18K resistance level has acted as an area of resistance for the past few months. Since the price has been unable to break through this level, it appears that the bears are settling in and driving the price lower. As such, Bitcoin has drifted away from the $17K mark, as the bears continue to exert their influence.

At the time of writing, it appears that the bears are still in control, as the price continues to drift lower. However, it should be noted that the market is still very volatile and anything can happen. As such, it is important to keep an eye on the price action, as it can provide insight into the future direction of the cryptocurrency. If the price is able to break through the $18K resistance level, then it could be a sign that the bulls are regaining control. On the other hand, if the price is unable to break through the resistance level, then it could be a sign that the bears are still in control and the price will continue to drift lower.

Gemini Trust Co. and Winklevoss Twins Face Class-Action Lawsuit

Bulletpoints:
• A class-action lawsuit was filed against Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, alleging that the U.S. cryptocurrency exchange sold unregistered securities in the form of interest-bearing accounts.
• The plaintiffs, Brendan Picha and Max J. Hastings, filed the action in a Manhattan federal court, accusing the company and its founders of fraud and violations of the Exchange Act.
• The lawsuit comes about a month after Gemini halted withdrawals due to liquidity issues facing one of its business partners.

Crypto exchange Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, are currently facing a class-action lawsuit alleging that they have sold unregistered securities in the form of interest-bearing accounts. The lawsuit was filed in a Manhattan federal court by plaintiffs Brendan Picha and Max J. Hastings, who are accusing the company and its founders of fraud and violations of the Exchange Act.

This lawsuit comes just a month after Gemini halted withdrawals due to liquidity issues facing one of its business partners. According to the investors, the Gemini Trust Earn program, which was launched in October 2019, was sold as an interest-bearing account with a fixed interest rate of up to 8.6% annually. However, the investors claim that the program was unregistered and that they were not informed of the risks associated with such an investment.

The investors also allege that Gemini, through its founders, made false and misleading statements about the program in order to entice investors to participate. They state that the company claimed that the earnings from the account were guaranteed, despite the fact that the interest rate was variable and could be changed at any time. They also allege that Gemini failed to disclose the amount of risk associated with the account, and that the Winklevoss twins and Gemini failed to adhere to their own terms of service.

The lawsuit states that Gemini and its founders „recklessly and negligently misrepresented and failed to disclose material facts“ regarding the Gemini Trust Earn program. It also states that Gemini failed to adequately warn investors of the risks associated with the program, and that they failed to disclose the amount of risk associated with the account.

The plaintiffs are seeking compensatory and punitive damages as well as other relief as the court may deem just and proper. They are also seeking a return of all monies invested in the Gemini Trust Earn program.

This is yet another blow to the Winklevii-spearheaded crypto exchange, as it continues to face a number of legal troubles. While the company has not commented on the lawsuit, it is likely that it will vigorously defend itself against the allegations. If the allegations are proven to be correct, then it could be a significant setback for the company, as it attempts to establish itself as a credible and trustworthy exchange.

Matrixport Delists Solana, SOL Plunges 96% From All-Time High

• Bitmain founder-backed asset management company Matrixport is reportedly delisting Solana and Solana-U dual currency investment products on December 30th.
• The delisting comes as the Solana ecosystem has been badly wounded after the collapse of FTX and its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year.
• Matrixport is founded by Jihan Hu, who happens to be the co-founder of Bitcoin mining hardware giant, Bitmain.

It has been a rough few months for the crypto asset and blockchain technology project, Solana. After being heavily tied to Sam Bankman-Fried’s crypto exchange, FTX, the project has been badly wounded due to the collapse of the latter. As debates have accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year. Adding to its woes, crypto asset management company Matrixport, founded by Jihan Hu, who happens to be the co-founder of Bitcoin mining hardware giant, Bitmain, is reportedly gearing up to delist Solana and Solana-U dual currency investment products on December 30th.

Matrixport’s move to delist Solana and Solana-U follows several other delistings of the project from various exchanges and trading platforms in recent months. The delisting is seen as a major blow to the Solana project as it could significantly impact liquidity for the SOL token and its associated products. The company had also taken a similar action in August when it delisted the SOL-USDT and SOL-USDC trading pairs from its platform.

The delisting of Solana and Solana-U from Matrixport will likely further shake investor confidence in the project and its native token. It remains to be seen how the project and its native token will respond to the delisting and whether it will manage to regain investor confidence in the near future.

The Solana project had been riding high with the success of its native token, SOL. The token had seen a meteoric rise in the past year, reaching its all-time high of $260 in November last year. However, since then, the token has been on a steady decline, losing more than 96% of its value. The delisting of Solana and Solana-U from Matrixport is yet another blow to the project and its native token.

It remains to be seen how the project and its native token will respond to the delisting of Solana and Solana-U from Matrixport and whether it will manage to regain investor confidence in the near future. With the crypto market having a small memory, only time will tell if the delisting will have a lasting impact on the Solana project and its native token.

De praktische Byzantijnse Fouttolerantie

De praktische Byzantijnse Fouttolerantie is een techniek die wordt gebruikt om netwerken te beschermen tegen fouten die kunnen worden veroorzaakt door slechte bedoelingen, storingen of fouten. Hoewel de technologie al decennialang bestaat, heeft het de laatste jaren aanzienlijke vooruitgang geboekt. Het wordt nu gebruikt in vele industrieën, waaronder financiële diensten, gezondheidszorg, militaire systemen en meer.

Wat is Byzantijnse Fouttolerantie?

Byzantijnse Fouttolerantie (BFT) is een techniek die wordt gebruikt om netwerken te beschermen tegen fouten die kunnen worden veroorzaakt door slechte bedoelingen, storingen of fouten. Het is een distributieve computingtechniek die gebruikmaakt van een combinatie van cryptografie, consensus-algoritmen en redundante communicatie om de betrouwbaarheid van een systeem te garanderen. BFT maakt gebruik van een groep entiteiten (nodes) die samenwerken om een ​​consensus te bereiken over de toestand van het systeem.

Bitcoin Formula en Byzantijnse Fouttolerantie

Bitcoin Formula is een online handelsplatform dat gebruik maakt van de technologie van Byzantijnse Fouttolerantie. Het platform gebruikt BFT om transacties te verifiëren en te verwerken. Het platform helpt ook bij het verminderen van de kosten van transacties door de betrouwbaarheid van het systeem te garanderen.

Hoe werkt Byzantijnse Fouttolerantie?

Byzantijnse Fouttolerantie is een netwerktechniek die gebaseerd is op redundante communicatie en consensus-algoritmen. De techniek maakt gebruik van een groep entiteiten (nodes) die samenwerken om een ​​consensus te bereiken over de toestand van het systeem. Elke node stuurt een bericht naar alle andere nodes, waarin wordt aangegeven of ze het eens zijn met de beweringen die worden gedaan. De nodes komen pas tot een consensus als alle nodes hetzelfde antwoord hebben gegeven.

Voordelen van Byzantijnse Fouttolerantie

Byzantijnse Fouttolerantie biedt vele voordelen, waaronder betere systeembetrouwbaarheid, hogere nauwkeurigheid, betere verwerkingstijd en een lagere kans op fouten. De techniek helpt ook bij het verminderen van kosten en risico’s, omdat de nodes redundantie gebruiken om betrouwbaarheid te garanderen.

Uitdagingen bij het implementeren van Byzantijnse Fouttolerantie

Hoewel Byzantijnse Fouttolerantie een veelbelovende techniek is, is het niet zonder uitdagingen. De techniek vereist een goed begrip van cryptografie, consensus-algoritmen en redundante communicatie. Het is ook duur om te implementeren, omdat het veel hardware en software vereist.

Toepassingsgebieden van Byzantijnse Fouttolerantie

Byzantijnse Fouttolerantie wordt al veelvuldig gebruikt in vele verschillende sectoren, waaronder financiële diensten, gezondheidszorg, militaire systemen en meer. Het is ook de technologie die wordt gebruikt bij veel gedecentraliseerde applicaties en cryptocurrencies, zoals Bitcoin en Ethereum.

Byzantijnse Fouttolerantie en Consensus

Byzantijnse Fouttolerantie wordt vaak gecombineerd met consensus-algoritmen om de betrouwbaarheid van systemen te garanderen. Een consensus-algoritme is een algoritme dat erop gericht is een overeenstemming te bereiken tussen verschillende entiteiten. Het is een belangrijk onderdeel van BFT, omdat het helpt bij het garanderen dat alle nodes hetzelfde antwoord geven.

Byzantijnse Fouttolerantie in de praktijk

Byzantijnse Fouttolerantie is al veelvuldig toegepast in de praktijk. De techniek is al vele jaren in gebruik, maar heeft de laatste jaren aanzienlijke vooruitgang geboekt. Hoewel de technologie nog steeds niet volledig is doorontwikkeld, is er veel waaruit geput kan worden.

Conclusie

Byzantijnse Fouttolerantie is een veelbelovende techniek die al vele jaren wordt gebruikt in verschillende sectoren. Het is een veelzijdige techniek die kan helpen bij het garanderen van betrouwbaarheid, nauwkeurigheid en lage kosten. Bitcoin Formula is een voorbeeld van een platform dat gebruik maakt van de technologie van Byzantijnse Fouttolerantie. Hoewel de technologie nog steeds verder wordt ontwikkeld, is het al een veelbelovende techniek die vele voordelen biedt.