• AltSignals is an online trading platform that provides trading intel and uses Artificial Intelligence (AI) to improve the quality of its signals.
• The platform has launched its ASI coin during a five-round presale event where holders can receive exclusive access to ActualizeAI signals and joining the ActualizeAI Club.
• With its deflationary tokenomics, built-in utility within the AltSignals platform, and AI capability, ASI looks set to become a major player in Web3 AI-enabled projects.

AltSignals: Revolutionizing Crypto Trading

AltSignals is a rapidly growing online trading community providing trading intel, including best entry-level investments and target prices which members should consult before buying or selling. To help push AltSignals to the forefront of the crypto revolution, it is currently launching its ASI coin during a five-round presale event before hitting exchanges later in 2023.

AltAlgo™ Indicator

The new algorithmic AltAlgo™ trading indicator helps members maximize the profitability of their trades in the volatile crypto market. Alongside this well-established capability, AltSignals Harnesses the power of Artificial Intelligence (AI) to improve the quality of its signals further with its ActualizeAI toolkit.

Benefits Of Holding ASI Coin

Holders of ASI coins receive several benefits including exclusive access to ActualizeAI signals and joining the ActualizeAI Club. The beta presale phase launched the new token at $0.012 but with deflational tokenomics and built-in utility within AltSignal’s platform, it may rise up quickly as more users join in on this exciting opportunity.

Revolutionizing The Trading Signals Market

ActualizeAI will revolutionise trading signals markets by using AI technology for faster analysis times and higher accuracy in predictions which could allow users to make profits quicker than ever before!

Conclusion

With all these features combined together, it’s no surprise why traders are flocking to get on board with this unique opportunity offered by ASI coin! With proper management and dedication from both sides, this token will be sure to reach great heights in 2023!

• The Bitcoin price experienced a drastic downward movement in the early morning hours of March 3, causing it to drop to around $22,000 in a very short time.
• Over $62 million in long BTC positions were liquidated in a matter of hours.
• Investors should therefore follow developments closely and adjust their investment decisions accordingly.

Bitcoin Price Drop

The Bitcoin price experienced a drastic downward movement in the early morning hours of March 3, causing it to drop to around $22,000 in a very short time. This confirmed one forecast in particular: namely the forecast that the Bitcoin course was about to make a directional decision. The cryptocurrency has trended about 4 percent weaker over the past 24 hours of trading, marking the biggest bitcoin sell-off so far this year.

Liquidation Cascade

Over $62 million in long BTC positions were liquidated in a matter of hours. This was the third liquidation cascade within the last 12 months: after the Terra crash and the FTX bankruptcy in 2022.

Investment Strategy for New Investors

For new investors in the crypto market, Bitcoin shares are recommended for entry instead of investing larger amounts of money with whole Bitcoins.

Network Activity

Despite the recent price correction and negative headlines, the fundamentals of the Bitcoin network remain stable. Network activity shows that the hash rate, which measures the total computing power on the proof-of-work network, continues to rise. The hash rate has almost doubled since November 2021, although the price has fallen significantly over the same period of time. The number of active addresses on

• CryptoUnity is a Slovenian startup that is building a beginner-focused cryptocurrency exchange.
• The crypto exchange seeks to close the gap for beginners in the ecosystem, providing an easy-to-use interface and comprehensive educational resources.
• CUT is the utility token that powers CryptoUnity’s ecosystem, providing holders with many benefits and utility cases on the platform.

CryptoUnity Exchange: Making Cryptocurrency Easier For Beginners

CryptoUnity is a Slovenian start-up that seeks to make it easier for beginners to navigate the crypto ecosystem by providing a user-friendly interface and comprehensive educational resources. To ensure safety, CryptoUnity stores users‘ funds with an independent, highly regulated custodian and has passed audits from QuilAudits and CertiK.

The CUT Token Powers The CryptoUnity Ecosystem

CUT (Crypto Unity Token) is the utility token that powers CryptoUnity’s ecosystem. With a total supply of one billion tokens, holders can benefit from lower fees and other loyalty programs as well as access further education and secure spots in other legitimate ICO presales.

Additional Benefits Of Holding CUT Tokens

Holders of CUT tokens can also enjoy additional benefits such as airdrops, holder rewards, and advantages on giveaways.

Partnerships With Leading Tech Companies

In addition to its user-friendly nature, CryptoUnity has also partnered with Lenovo—one of the leading tech companies in the world—which serves as added security for users.

Conclusion

Summary

• HT, Huobi’s native token, experienced a 90% price drop on Thursday.
• $2 million worth of HT tokens were sold on Huobi prior to the crash.
• Justin Sun is the largest holder of HT tokens and serves as an advisor to the Huobi crypto exchange.

HT Price Crash: Overview

HT, the native token of Huobi Exchange, crashed by over 90% on Thursday dropping from $4.6 to $0.31 in just 10 minutes before recovering slightly. According to transaction data from Kaiko’s research analyst Riyad Carey, more than $2 million HT tokens were sold on Huobi in the minutes leading up to the crash. Justin Sun, founder of Tron and largest holder of HT tokens, also moved $60 million in USDT from Huobi to Aave during this period. The price plunge triggered a series of forced liquidations in both spot and HT contract markets.

Justin Sun Responds

Justin Sun commented on the incident stating that few users had caused a cascade of liquidations and assuring the community that operations at Huobi are safe. He further announced plans for creating a liquidity fund worth $100 million for those impacted by leveraged liquidation as well as improving liquidity depth for major cryptocurrencies and HT token along with strengthening leverage risk warnings and liquidity capabilities.

Implications For Investors

The sudden price plunge has left investors questioning their security when trading at exchanges like Huobi which rely heavily on their native token’s performance for user experience improvement initiatives such as staking rewards programs or discounted trading fees amongst other services offered through their platform.

Conclusion

Although it is unclear what triggered this particular event, it serves as an important reminder for investors to be aware of market movements especially when dealing with volatile assets such as cryptocurrencies or derivatives products like futures contracts which are highly leveraged with large amounts of capital invested into them at any given time. With increasing regulations coming into play surrounding digital assets, it will be interesting to see how exchanges respond in order to protect their customers from future losses due to unexpected market events like this one while still remaining competitive within an increasingly crowded space.

• Silvergate Capital Corp (NYSE: SI) stock was cut nearly in half this morning due to a delayed 10-K report submission.
• JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges.
• Coinbase also announced that it had stopped payments to or from the crypto bank.

Silvergate Stock Crashed 50% on Thursday

Silvergate Capital Corp (NYSE: SI) was cut nearly in half this morning after it delayed the submission of its annual 10-K report. The crypto bank is facing an existential crisis following the FTX fiasco in early November and is evaluating its ability to continue as a going concern. Silvergate stock is now down about 65% versus its year-to-date high.

JPMorgan Downgrades Silvergate Stock

On Thursday, JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges, with short sellers likely contributing to a bank run of sorts with Silvergate reporting a much greater level of deposit outflows than anticipated in Q4 and this likely continuing. In its latest reported quarter, Silvergate Capital had $1.0 billion of loss.

Coinbase Stops Payments To/From Crypto Bank

Coinbase also announced today that it had stopped payments to or from the crypto bank, while analysts at Canaccord Genuity also downgraded Silvergate stock on Thursday and trimmed their price target o $9.0 a share.

Existential Crisis Follows FTX Fiasco

Silvergate Capital is facing an existential crisis following the FTX fiasco in early November which has resulted in them having offload more assets than expected over the past two months, which could weigh on its capital ratio..

Conclusion

Overall, Silvergate stock has been cut nearly in half due to both internal struggles and external factors such as short sellers affecting their liquidity situation and Coinbase halting payments to and from the crypto bank. Analysts have further downgraded their outlook on the financial services company due to these issues with no signs of improvement yet seen

• Block Inc reported a 7.0% decline in its fourth quarter bitcoin revenue.
• Baird analyst David Koning shares his outlook on the Block stock and keeps bullish on it.
• The company revealed a $9.0 million impairment charge related to its BTC investment in Q4 versus $2.0 million only in the prior quarter.

Block Reports Hit to BTC Revenue

Block Inc (NYSE: SQ) reported a 7.0% decline in its fourth quarter bitcoin revenue, causing a hit to its stock price. Despite this, shares of the financial technology company are up 15% year-to-date as former Twitter CEO Jack Dorsey’s firm reported overall quarterly revenue that came in slightly above the consensus.

Baird Analyst Reacts

Baird’s senior analyst David Koning reacted to the news on CNBC’s „Closing Bell: Overtime“, saying, “Bitcoin mattered when Block was at $250 a share. At $70, it doesn’t matter.“ He added that BTC generated $35 million of gross profit for Block Inc in Q4 – a 25% year-on-year decline related to the slump in bitcoin price – and is keeping bullish on Block stock despite this dip in profits.

Impairment Charge Revealed

The company revealed a $9.0 million impairment charge related to its BTC investment in Q4 versus $2.0 million only in the prior quarter, however Koning dismissed it saying that it has become immaterial compared to other sources of income for Block Inc and is not deserving of close attention from investors or analysts alike at this point time given its small percentage of total gross profits (4%).

Outlook for 2021

For the full year, Block Inc is now calling for $1.30 billion of adjusted EBITDA with an expected gross profit sitting at 25%. This marks an increase from 22% seen during their recent quarter which is indicative of positive trends seen by analysts such as Koning who are keeping bullish on Block stock ahead of 2021 despite any minor dips experienced during 2020 due to slumps in Bitcoin prices and values overall..

Conclusion

In conclusion, while there may be some fluctuations within Bitcoin markets over time, investors should not be overly concerned about these minor downturns but rather focus more heavily upon larger trends seen amongst companies such as Block Inc which have been able to remain profitable despite any losses sustained from their investments into Bitcoin markets throughout 2020 and beyond into 2021 based upon strong fundamentals and overall good business strategies employed by their management teams whilst also staying ahead of industry trends moving forward towards success and profitability year over year regardless of any short term losses they might experience along the way

• Binance CEO Changpeng ‘CZ’ Zhao has denied reports that his exchange is looking to sever ties with US-based projects.
• Sources have alleged that Binance was planning to delist all US-based tokens, including USD Coin (USDC).
• CZ acknowledged that the exchange had „pulled back“ on some deals, but emphasized the importance of education, compliance and product & service.

Binance Denies Reports of Delisting US-Based Tokens

Binance CEO Changpeng ‚CZ‘ Zhao has denied reports that his exchange is looking to sever ties with US-based projects. In a tweeted response to one of the reports, Zhao termed the report as „false.“ He went on to suggest that this wouldn’t be the case given „blockchain has no borders.“

Sources Claim Binance Was Planning To Delist All US-Based Tokens

Earlier reports cited familiar sources as saying Binance was planning to delist all US-based tokens, one of those to potentially be delisted being USD Coin (USDC), a stablecoin issued by US-based financial services firm Circle.

Binance Pulls Back On Some Deals

While acknowledging that Binance had indeed pulled back from some investment deals and takeover of bankrupt companies, Zhao noted this was just ‚for now.“ According to a Bloomberg report published on Friday, sources claimed Binance was looking to end relationships with its partners in the US, including banks. The crypto giant was also reassessing its venture investments in the country, the report added.

Focus On Education And Compliance

Zhao suggested it is better to focus on education, compliance and product & service and „ignore FUD, fake news, attacks,“ etc. This comes after New York Department of Financial Services ordering Paxos – issuer of the Binance USD (BUSD) stablecoin -to cease operations in New York State for operating an unregistered security.

Conclusion

Overall, while CZ denied reports of delisting any token based in the U.S., he did acknowledge that certain deals had been pulled back for now due to regulatory issues in America. He instead emphasised focusing more on education and compliance when dealing with such matters going forward.

Tether Reports $700 Million Net Profit in Q4 2022

• Tether, a stablecoin issuer, reported a net profit of $700 million in the fourth quarter of 2022.
• The company revealed that its reserves remain extremely liquid and that its consolidated assets exceed its liabilities.
• This is the first time the company has disclosed its profit figures to the public.

Attestation Report Published by Tether

Stablecoin issuer Tether published its latest attestation report on Thursday, February 9th. In this report, it was revealed that the company reported a net profit of $700 million in the previous quarter despite the ongoing bear market. Tether noted that this profit is in addition to its reserves and stated that the December report was attested by accounting firm BDO. The report added that Tether’s consolidated assets exceeded its liabilities as of Dec. 31, 2022, with consolidated total assets amounting to at least $67.04 billion and consolidated total liabilities amounting to $66.08 billion, resulting in excess reserves of at least $960 million. The net profit is part of shareholder equity with what’s remaining being held in cash, cash equivalents, and other short-term deposits.

Tether Pledges To Stop Issuing Secured Loans From Its Reserves

This news comes barely two months after Tether pledged to stop issuing secured loans from its reserves moving forward. A company spokesperson commented on this decision saying; “It’s basically additional capital sitting in the company to further strengthen Tether.“

Commentary On Latest Cryptocurrency News By Paolo Ardoino

Paolo Ardoino, Chief Technical Officer (CTO) at Tether commented on these results saying; “Tether once again proved its stability in the troubled year of 2022.“ He went on to add; „Not only were we able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of the year but Tether has issued over $10 billion USDT an indication of continued organic growth and adoption of tether.“

Conclusion

In conclusion, it can be seen that despite an ongoing bear market, stablecoin issuer Tether reported a net profit of $700 million for Q4 2022 which is part of shareholders‘ equity with what’s remaining being held as liquid assets such as cash and short-term deposits. The news follows their pledge to stop issuing secured loans from their reserves further strengthening their overall financial position going forward into 2023 and beyond!

• The Federal Reserve of the United States (Fed) raised the funds rate this week, triggering a selloff in the US dollar.
• Bitcoin dropped against the dollar after trading above $24k for a brief period and is now sitting at the lower edge of a reversal pattern.
• Technical analysis suggests that investors should be cautious before shorting the market as BTC/USD is in a rising wedge formation.

The Federal Reserve Raises Funds Rate

The Federal Reserve of the United States (Fed) has raised the funds rate once more this week – this time, by 25bp. The decision triggered a selloff in the US dollar, which lost ground against its peer fiat currencies and Bitcoin as well.

Message from Fed

The message from the Fed was that disinflation in the United States had already begun, indicating that the fight against rising inflation appears to be over. As such, it approaches terminal rate for this tightening cycle.

US Dollar’s Strengthening

Despite initial weakness in response to Fed’s decision, investors decided it was time to buy US dollars and so it strengthened again after one day since then. This puts it in a range ahead of upcoming jobs report in US economy.

Bitcoin Drops Against Dollar

Bitcoin dropped against US dollar too after trading above $24k for some time and now sits dangerously at lower edge of reversal pattern according to technical analysis .

Advice from Technical Analysis

Technical analysis favors caution before shorting markets since BTC/USD is currently forming bearish divergence with oscillator RSI and rising wedge formation which are both indicators of potential market reversals.

• The Federal Reserve meeting this week could have a bearish effect on Bitcoin, as a hawkish stance on inflation, growth, interest rates, and quantitative tightening could strengthen the US dollar.
• All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening to see what impact it will have on Bitcoin.
• If the Fed expresses a hawkish stance, it could trigger a sharp move higher in the US dollar, resulting in Bitcoin giving up some of its gains this year.

The Federal Reserve meeting this week is an important one for investors, as it could have a significant impact on the US dollar and, in turn, Bitcoin. With the US dollar making strong gains against other fiat currencies so far in January, investors are anticipating what the FOMC (Federal Open Market Committee) will have to say about inflation, growth, future interest rates, and quantitative tightening.

Inflation Outlook

The Fed has committed to bringing inflation to its 2% target, and if the FOMC states that inflation is embedded and upside risks remain, it would be seen as hawkish for the US dollar. This would result in the market betting that the Fed sees ongoing rate hikes as appropriate.

Growth Outlook

The current currency stance is that a sustained period of below-trend growth is likely. However, if the Fed changes its view and sees recession required to have a material impact on the inflation outlook, that would also trigger a sharp move higher in the US dollar.

Interest Rates

Ultimately, it is the interest rate level that will decide the fate of the US dollar. If the Fed decides to keep the current rate unchanged or even raise it, it would be seen as hawkish and lead to a stronger US dollar.

Quantitative Tightening

The Fed has also been gradually reducing its balance sheet since 2018, but if they decide to increase the speed of quantitative tightening, it would be seen as hawkish and could trigger a sharp move higher in the US dollar.

Conclusion

The Federal Reserve meeting this week will be an important one for investors, as it could have a significant impact on the US dollar and, in turn, Bitcoin. If the Fed expresses a hawkish stance, it could trigger a sharp move higher in the US dollar, resulting in Bitcoin giving up some of its gains this year. Investors should keep a close eye on the FOMC’s view on inflation, growth, future interest rates, and quantitative tightening to get a better sense of the direction the US dollar and Bitcoin will take.