Crypto Market Bullish: Bitcoin Above $23K and Litecoin Rises 7.5%

• Bitcoin stands above $23K and is slightly in the green today.
• Litecoin is among the few altcoins with an impressive price surge, rising 7.5% to an 8-month high.
• Other altcoins are relatively calm today.

The cryptocurrency market has been quite active in the past week, with Bitcoin staying firmly above the $23,000 mark. After a surge from $21,000 to beyond $23,000 last weekend, BTC has been spending most of the week in a range between $22,000 and $23,000, aside from a couple of brief price pumps. The most notable one took the asset to beyond $23,500. However, it failed to stay above that level and is currently standing at around $23,200, slightly in the green today.

Meanwhile, the altcoins are relatively calm today, with only Litecoin standing out as a notable gainer. LTC has seen an impressive price surge over the past 24 hours, rising 7.5% to an 8-month high. This makes it one of the few altcoins to have an impressive price surge in the past few days.

Overall, the cryptocurrency market looks quite bullish, with investors expecting BTC to break the $23,500 resistance level soon. While the altcoins are relatively calm today, the market could still see some more volatility in the coming days. As such, it’s important to keep an eye on the market and be prepared for any potential changes.

Boomers More Cautious: North Americans Spend Little Time Researching Crypto

• According to a study conducted by Bybit and Toluna, 64% of North Americans spend less than two hours or don’t research at all before investing in cryptocurrencies.
• 15% of North Americans don’t do any research before investing in crypto, while 49% spend less than two hours.
• Boomers (those aged 56-64) tend to be more cautious, focusing on technical factors and inspecting the market a few days before diving into it.

A recent study conducted by Bybit and Toluna has revealed that most North Americans don’t take the time to do the proper research and due diligence before investing in cryptocurrencies. The survey included over 10,000 individuals, with 64% of respondents reporting that they either spent less than two hours researching the market or didn’t do any research at all before investing.

The survey results indicated that 15% of North Americans don’t do any research before investing in crypto, while 49% spend less than two hours. These numbers are especially concerning when considering the volatile and unpredictable nature of the crypto market, as even a few hours of research can be the difference between a good and bad investment.

Interestingly, the survey also found that Boomers (those aged 56-64) tend to be more cautious than other age groups when it comes to investing in crypto. Boomers are more likely to focus on technical factors and inspect the market a few days before investing, which could be attributed to the fact that they have more experience in the financial world.

These findings are a stark reminder of the importance of doing proper research before investing in anything, particularly in the crypto market. Even a few hours of research can make a huge difference, and can help you make informed decisions that lead to successful investments.

Illicit Crypto Transactions Hit All-Time High of $20 Billion in 2022

Bullet Points:
• Illicit crypto transactions in 2022 have surpassed $20 billion for the first time, according to a report by Chainanalysis.
• This marks a $2 billion increase compared to 2021, during which digital assets facilitated criminal proceedings worth $18 billion.
• Despite the significant market decline, bankruptcies, and scandals, 2022 has been a flourishing year for illicit cryptocurrency transactions.

Illicit cryptocurrency transactions have reportedly hit an all-time high in 2022, surpassing $20 billion for the first time. According to Chainalysis, a data analysis firm that focuses on tracking digital currencies, criminal transactions involving digital currencies in 2022 totaled $20.1 billion, a $2 billion increase compared to 2021.

The previous record was in 2021, when digital assets facilitated criminal proceedings worth $18 billion. Despite the significant market decline, numerous bankruptcies, and scandals, 2022 will be remembered as a flourishing year for illicit cryptocurrency transactions. This goes to show how digital currencies have grown in popularity over the years, despite their involvement in criminal activities.

Chainalysis attributes the surge in illicit cryptocurrency transactions to the proliferation of darknet markets, which are online marketplaces that are used to facilitate the exchange of stolen data and illegal services and goods. These markets have become increasingly popular in recent years, allowing criminals to easily move funds and keep their identity hidden.

Another factor that has likely contributed to the increase in illegal cryptocurrency transactions is the rise of privacy-focused cryptocurrencies, such as Monero and Zcash. These cryptocurrencies are designed to ensure user privacy and anonymity, making it difficult to trace illicit activities.

The Chainalysis report also revealed that the majority of illicit cryptocurrency transactions were related to money laundering, accounting for $6.5 billion. Other criminal activities included fraud, theft, and extortion, among others.

Cryptocurrencies have come a long way since their introduction in 2009, and the recent surge in illicit activity is a testament to that. While this is a cause for concern, it is also an indication of just how far digital currencies have come. With increased regulation and better enforcement, it is hoped that criminal activities involving cryptocurrencies will decrease in the future.

Crypto Market Recovers After FTX Crash, Bitcoin Hits ATH of $21K!

• Bitcoin price has fully recovered from the FTX crash two months ago, reaching a new all-time high of $21,000.
• Most alternative coins have seen double-digit percentage increases in the past week.
• The crash of FTX, Alameda Research, and other related firms had a major impact on the crypto industry at the end of 2022.

The crypto industry has seen a wild ride in the past year, with the sudden collapse of some of the biggest crypto empires such as Terra, 3AC, and Celsius. But the biggest shock came at the end of 2022 with the crash of FTX, Alameda Research, and the numerous firms related to them. This major event had a huge impact on the crypto industry, with the prices of many coins taking a major hit.

However, the crypto market has shown a remarkable resilience in the past two months, with Bitcoin leading the charge and recovering from the FTX crash. Bitcoin has risen steadily since the end of 2022, and today it has reached a new all-time high of over $21,000. Most alternative coins have also seen a huge surge in the last few days, with double-digit percentage increases in the past week.

The recovery of the crypto market is an encouraging sign for anyone who has been following the industry for the past few months. The resilience of the market and its ability to bounce back from a major crash is a testament to the strength of the industry and its potential for continued growth in the future. With the prices of many coins hitting new highs, the future looks bright for the crypto industry.

Tron BitTorrent Network Reaches 2 Billion Downloads

The P2P file sharing service, BitTorrent, and its little brother Crypto Investor, have been downloaded more than two billion times on various platforms. Last year the network accounted for 3% of all downstream traffic, and 28% of upstream traffic over the Internet.

The company attributes the figures to the “longstanding popularity of its classic desktop torrent services, as well as its new web-based downloader and torrent player, built for the streaming era. It said the Android version of the service on Google Play Store is the “most popular torrent downloader.

BitTorrent adds Binance USD (BUSD) as a payment method

In the announcement, Sun hinted that BitTorrent would soon launch new products:

“We hope to accomplish our mission of improving the protocol and introducing new use cases, such as decentralized file storage and live streaming products.

Acquired by Justin Sun’s Tron Foundation in July 2018 for $140 million, the service is said to have had 170 million users. In early 2019, it launched its own token, Bittorrent (BTT), to encourage users to keep files on the network, which would increase overall download speeds by having more copies of any file available.

By March 2020, the token had dropped 90% of ATH. The current price of 0,000459 is still 74% lower than ATH.

Vitalik Buterin of Ethereum writes about a “zombie” BitTorrent under Justin Sun’s “dictatorship

The “Sun Dictatorship”
As with many projects Sun is involved in, the platform has been the subject of controversy. Some believe that the BitTorrent File System (BTFS) file sharing service copied elements of the Interplanetary File System (IPFS), which came to a head after a recent re-branding of the BTFS logo to something strikingly similar to the IPFS logo.

The ‘Sun dictatorship

New Tron partnership allows players to earn crypto for streaming
IPFS founder John Benet called them immediately saying “Tron couldn’t think of an original logo either”.

In a heated Twitter thread, Benet said that “it’s not enough to fork over all our code, rename it and lie about it” before claiming that Tron’s BTFS also copied, “random pieces of our paper, and defrauded its investors with a meaningless mix.

Ethereum founder Vitalik Buterin intervened, calling Sun a dictator who zombied BitTorrent:

“This tweet is honestly painful to read. It’s like looking at a zombie: the account *looks* like something you’ve grown up with and known and loved for 15 years, but underneath it’s just, well, now it’s just another appendage of Sun’s dictatorship”