Global Hive Buzz

Is BTC in a Bottom Bump-and-Run Pattern?

My friend, Crypto Anup, has suggested that the Daily BTC Chart shows bitcoin in the classic Bump-and-Run pattern.

The Bump-and-Run Reversal Bottom is a bullish pattern of reversal that initiates with a sequence of descending peaks.

As speculative activity intensifies, prices spiral downward until they reach critical lows.

Subsequently, the price action undergoes a reversal, shifting direction to the upside and signifying the conclusion of the prevailing downtrend.

To identify a potential buy opportunity, watch for expanding volume and an upward breakout. The target price is determined by measuring the height of the bump.

It's crucial to note that price closure above the lead-in line is essential to validate the emerging trend.

The Era of Bitcoin's 100% Returns Comes to a Close

The time of investing in Bitcoin and enjoying returns of over 100% is undeniably drawing to an end.

Crypto enthusiasts across the nation are closely observing the forthcoming halving event. However, the industry's most astute minds are in agreement on a fundamental principle: they are actively amassing smaller Altcoins.

Remarkably, certain Altcoins have the potential to skyrocket by an incredible 1,000 times during the upcoming bull market.

These often-overlooked sources of life-changing profits are right before us, hidden in plain sight!

Delve into the insights in our latest guide, "The Crypto Retirement Blueprint." This tried-and-tested strategy is thoughtfully designed to empower individuals to enter the market from its very foundation.

Tether Takes Action Against Addresses Financing Conflict in Israel and Ukraine

The stablecoin issuer has collaborated with Israel's National Bureau for Counter Terror Financing to combat the use of cryptocurrency for such purposes.

They have frozen 32 crypto addresses and seized over $870,000 worth of USDT in this effort. Tether has also worked with law enforcement agencies across 19 jurisdictions, freezing a total of $835 million in assets linked to theft, hacks, and other illicit activities.

This action is part of ongoing efforts to prevent the misuse of cryptocurrency for illegal activities.

U.S. Senators Introduce "No Fakes Act" to Prohibit AI-Generated Replicas

A bipartisan coalition of U.S. senators joined forces on Thursday to introduce a bill known as the "No Fakes Act." This proposed legislation aims to outlaw the creation of AI-generated replicas of individuals in any form of audio-visual content without obtaining their explicit consent.

The bill has been crafted by Senators Marsha Blackburn (R-TN), Thom Thillis (R-NC), Amy Klobuchar (D-MN), and Chris Coons (D-DE), the latter of whom currently chairs the Senate Judiciary Subcommittee on Intellectual Property.

If the "No Fakes Act" is approved, any individual who produces AI-generated music, images, or videos representing someone without their prior consent could face a penalty of $5,000 per violation. In addition, they may be held liable for any further damages incurred by the aggrieved party due to the violation. This prohibition would remain in effect for up to 70 years after an individual's demise.

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