What is IT Security?

IT security

Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level. Spear-phishing attacks target specific individuals, rather than the broad net cast by https://scivast.com/articles/exploring-object-based-access-control-frameworks-benefits/ phishing attempts. A more strategic type of phishing is spear-phishing which leverages personal or organization-specific details to make the attacker appear like a trusted source.

The United States Cyber Command, also known as USCYBERCOM, “has the mission to direct, synchronize, and coordinate cyberspace planning and operations to defend and advance national interests in collaboration with domestic and international partners.” It has no role in the protection of civilian networks. In addition to its own specific duties, the FBI participates alongside non-profit organizations such as InfraGard. These services are commonly referred to as Highly Adaptive Cybersecurity Services (HACS). ] standardized the penetration test service as a pre-vetted support service, to rapidly address potential vulnerabilities, and stop adversaries before they impact US federal, state and local governments.

IT security

Patient records are increasingly being placed on secure in-house networks, alleviating the need for extra storage space. The increasing number of home automation devices such as the Nest thermostat are also potential targets. WiFi, Bluetooth, and cell phone networks on any of these devices could be used as attack vectors, and sensors might be remotely activated after a successful breach. The airline industry is moving from the use of traditional paper tickets towards the use of electronic tickets (e-tickets). In Europe, with the (Pan-European Network Service) and NewPENS, and in the US with the NextGen program, air navigation service providers https://rnebarkashov.ru/a-bona-fide-possessions-loan-fundamentally-relates/ are moving to create their own dedicated networks.

Encrypt all sensitive data

Although malware and network breaches existed during the early years, they did not use them for financial gain. However, in the 1970s and 1980s, there were no grave computer threats because computers and the internet were still in the early stages of development, and security threats were easily identifiable. It also depicts the many career paths available, including vertical and lateral advancement opportunities. However, the use of the term cybersecurity is more prevalent in government job descriptions.

IT security

In 2016, NSA’s own hacking tools were hacked, and Russia and North Korea have used it. NSA contractors created and sold click-and-shoot attack tools to US agencies and close allies, but eventually, the tools made their way to foreign adversaries. The agency analyzes commonly used software and system configurations to find security flaws, which it can use for offensive purposes against competitors of the United States. The group hacked into American defense contractors, universities, and military base networks and sold gathered information to the Soviet KGB.

  • In particular, as the Internet of Things spreads widely, cyberattacks are likely to become an increasingly physical (rather than simply virtual) threat.
  • Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level.
  • Endpoint security also protects networks against cybercriminals who try to use endpoint devices to launch cyberattacks on their sensitive data and other assets.
  • Reach for cybersecurity when the conversation is specifically about defending against attackers.
  • State-sponsored attackers are now common and well resourced but started with amateurs such as Markus Hess who hacked for the KGB, as recounted by Clifford Stoll in The Cuckoo’s Egg.
  • There are various interoperable implementations of these technologies, including at least one implementation that is open source.

Adobe Commerce Zero-Day Exploited to Backdoor Online Stores

The most commonly cited examples of IT security include digital security disciplines such as endpoint security, cloud security, network security and application security. The scope of IT security is broad and often involves a mix of technologies and security solutions. To learn more about the IT security threats that Check Point solutions protect against, check out the 2021 Security Report. Check Point’s IT security offerings include solutions for network, cloud, secure user access and unified threat visibility and management. Check Point helps organizations to develop a unified and comprehensive security architecture.

Year-Old PostgreSQL Vulnerability Enables Database, Server Takeover

IT security

Using devices and methods such as dongles, trusted platform modules, intrusion-aware cases, drive locks, disabling USB ports, and mobile-enabled access may be considered more secure due to the physical access (or sophisticated backdoor access) required in order to be compromised. However, even in highly disciplined environments (e.g., military organizations), social engineering attacks can still be difficult to foresee and prevent. The act of assessing and reducing vulnerabilities to cyberattacks is commonly referred to as information technology security assessments. Beyond vulnerability scanning, many organizations contract outside security auditors to run regular penetration tests against their systems to identify vulnerabilities.

What is IT Security?

IT security

Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level. Spear-phishing attacks target specific individuals, rather than the broad net cast by https://scivast.com/articles/exploring-object-based-access-control-frameworks-benefits/ phishing attempts. A more strategic type of phishing is spear-phishing which leverages personal or organization-specific details to make the attacker appear like a trusted source.

The United States Cyber Command, also known as USCYBERCOM, “has the mission to direct, synchronize, and coordinate cyberspace planning and operations to defend and advance national interests in collaboration with domestic and international partners.” It has no role in the protection of civilian networks. In addition to its own specific duties, the FBI participates alongside non-profit organizations such as InfraGard. These services are commonly referred to as Highly Adaptive Cybersecurity Services (HACS). ] standardized the penetration test service as a pre-vetted support service, to rapidly address potential vulnerabilities, and stop adversaries before they impact US federal, state and local governments.

IT security

Patient records are increasingly being placed on secure in-house networks, alleviating the need for extra storage space. The increasing number of home automation devices such as the Nest thermostat are also potential targets. WiFi, Bluetooth, and cell phone networks on any of these devices could be used as attack vectors, and sensors might be remotely activated after a successful breach. The airline industry is moving from the use of traditional paper tickets towards the use of electronic tickets (e-tickets). In Europe, with the (Pan-European Network Service) and NewPENS, and in the US with the NextGen program, air navigation service providers https://rnebarkashov.ru/a-bona-fide-possessions-loan-fundamentally-relates/ are moving to create their own dedicated networks.

Encrypt all sensitive data

Although malware and network breaches existed during the early years, they did not use them for financial gain. However, in the 1970s and 1980s, there were no grave computer threats because computers and the internet were still in the early stages of development, and security threats were easily identifiable. It also depicts the many career paths available, including vertical and lateral advancement opportunities. However, the use of the term cybersecurity is more prevalent in government job descriptions.

IT security

In 2016, NSA’s own hacking tools were hacked, and Russia and North Korea have used it. NSA contractors created and sold click-and-shoot attack tools to US agencies and close allies, but eventually, the tools made their way to foreign adversaries. The agency analyzes commonly used software and system configurations to find security flaws, which it can use for offensive purposes against competitors of the United States. The group hacked into American defense contractors, universities, and military base networks and sold gathered information to the Soviet KGB.

  • In particular, as the Internet of Things spreads widely, cyberattacks are likely to become an increasingly physical (rather than simply virtual) threat.
  • Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level.
  • Endpoint security also protects networks against cybercriminals who try to use endpoint devices to launch cyberattacks on their sensitive data and other assets.
  • Reach for cybersecurity when the conversation is specifically about defending against attackers.
  • State-sponsored attackers are now common and well resourced but started with amateurs such as Markus Hess who hacked for the KGB, as recounted by Clifford Stoll in The Cuckoo’s Egg.
  • There are various interoperable implementations of these technologies, including at least one implementation that is open source.

Adobe Commerce Zero-Day Exploited to Backdoor Online Stores

The most commonly cited examples of IT security include digital security disciplines such as endpoint security, cloud security, network security and application security. The scope of IT security is broad and often involves a mix of technologies and security solutions. To learn more about the IT security threats that Check Point solutions protect against, check out the 2021 Security Report. Check Point’s IT security offerings include solutions for network, cloud, secure user access and unified threat visibility and management. Check Point helps organizations to develop a unified and comprehensive security architecture.

Year-Old PostgreSQL Vulnerability Enables Database, Server Takeover

IT security

Using devices and methods such as dongles, trusted platform modules, intrusion-aware cases, drive locks, disabling USB ports, and mobile-enabled access may be considered more secure due to the physical access (or sophisticated backdoor access) required in order to be compromised. However, even in highly disciplined environments (e.g., military organizations), social engineering attacks can still be difficult to foresee and prevent. The act of assessing and reducing vulnerabilities to cyberattacks is commonly referred to as information technology security assessments. Beyond vulnerability scanning, many organizations contract outside security auditors to run regular penetration tests against their systems to identify vulnerabilities.

What is IT Security?

IT security

Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level. Spear-phishing attacks target specific individuals, rather than the broad net cast by https://scivast.com/articles/exploring-object-based-access-control-frameworks-benefits/ phishing attempts. A more strategic type of phishing is spear-phishing which leverages personal or organization-specific details to make the attacker appear like a trusted source.

The United States Cyber Command, also known as USCYBERCOM, “has the mission to direct, synchronize, and coordinate cyberspace planning and operations to defend and advance national interests in collaboration with domestic and international partners.” It has no role in the protection of civilian networks. In addition to its own specific duties, the FBI participates alongside non-profit organizations such as InfraGard. These services are commonly referred to as Highly Adaptive Cybersecurity Services (HACS). ] standardized the penetration test service as a pre-vetted support service, to rapidly address potential vulnerabilities, and stop adversaries before they impact US federal, state and local governments.

IT security

Patient records are increasingly being placed on secure in-house networks, alleviating the need for extra storage space. The increasing number of home automation devices such as the Nest thermostat are also potential targets. WiFi, Bluetooth, and cell phone networks on any of these devices could be used as attack vectors, and sensors might be remotely activated after a successful breach. The airline industry is moving from the use of traditional paper tickets towards the use of electronic tickets (e-tickets). In Europe, with the (Pan-European Network Service) and NewPENS, and in the US with the NextGen program, air navigation service providers https://rnebarkashov.ru/a-bona-fide-possessions-loan-fundamentally-relates/ are moving to create their own dedicated networks.

Encrypt all sensitive data

Although malware and network breaches existed during the early years, they did not use them for financial gain. However, in the 1970s and 1980s, there were no grave computer threats because computers and the internet were still in the early stages of development, and security threats were easily identifiable. It also depicts the many career paths available, including vertical and lateral advancement opportunities. However, the use of the term cybersecurity is more prevalent in government job descriptions.

IT security

In 2016, NSA’s own hacking tools were hacked, and Russia and North Korea have used it. NSA contractors created and sold click-and-shoot attack tools to US agencies and close allies, but eventually, the tools made their way to foreign adversaries. The agency analyzes commonly used software and system configurations to find security flaws, which it can use for offensive purposes against competitors of the United States. The group hacked into American defense contractors, universities, and military base networks and sold gathered information to the Soviet KGB.

  • In particular, as the Internet of Things spreads widely, cyberattacks are likely to become an increasingly physical (rather than simply virtual) threat.
  • Privilege escalation describes a situation where an attacker with limited access is able, without authorization, to elevate their privileges or access level.
  • Endpoint security also protects networks against cybercriminals who try to use endpoint devices to launch cyberattacks on their sensitive data and other assets.
  • Reach for cybersecurity when the conversation is specifically about defending against attackers.
  • State-sponsored attackers are now common and well resourced but started with amateurs such as Markus Hess who hacked for the KGB, as recounted by Clifford Stoll in The Cuckoo’s Egg.
  • There are various interoperable implementations of these technologies, including at least one implementation that is open source.

Adobe Commerce Zero-Day Exploited to Backdoor Online Stores

The most commonly cited examples of IT security include digital security disciplines such as endpoint security, cloud security, network security and application security. The scope of IT security is broad and often involves a mix of technologies and security solutions. To learn more about the IT security threats that Check Point solutions protect against, check out the 2021 Security Report. Check Point’s IT security offerings include solutions for network, cloud, secure user access and unified threat visibility and management. Check Point helps organizations to develop a unified and comprehensive security architecture.

Year-Old PostgreSQL Vulnerability Enables Database, Server Takeover

IT security

Using devices and methods such as dongles, trusted platform modules, intrusion-aware cases, drive locks, disabling USB ports, and mobile-enabled access may be considered more secure due to the physical access (or sophisticated backdoor access) required in order to be compromised. However, even in highly disciplined environments (e.g., military organizations), social engineering attacks can still be difficult to foresee and prevent. The act of assessing and reducing vulnerabilities to cyberattacks is commonly referred to as information technology security assessments. Beyond vulnerability scanning, many organizations contract outside security auditors to run regular penetration tests against their systems to identify vulnerabilities.

Bitcoin Breaks Past 71000 For First Time Ever Overtaking Silver’s Market Cap

Bitcoin Breaks Past $71,000 For First Time Ever, Overtaking Silver’s Market Cap

By Brenda Ngari – March 11, 2024

Bitcoin has registered a significant milestone, eclipsing the market capitalization of silver as it topped $71,000 for the first time ever.

The world’s largest and oldest crypto has been on a steady uptrend since the landmark approval of the spot BTC exchange-traded funds (ETFs) in the US. BTC jumped past the $70,000 threshold for the first time in history on March 8. The Bitcoin price hit a high above $70K then, followed by a swift correction to the mid-$68,000 zone. Days later, BTC has burst above $71K, logging a fresh all-time high.

Bitcoin Breaches $71,000

Bitcoin was trading for $71,733 at press time, a 2.9% jump over the last 24 hours. According to CoinGecko data, the alpha crypto has gained roughly 10.4% over the past week and 53.1% during the last month.

Following the new record high, Bitcoin has become the eighth-largest asset in the world after its market capitalization surpassed the $1.383 trillion market cap of silver, the second-biggest precious metal in the world.

Bitcoin boasts a market value of $1.409 trillion, trailing behind Microsoft, Apple, Nvidia, Saudi Aramco, Amazon, and Google parent company Alphabet. Gold has long held the top spot with its $14.685 trillion market cap.

The bullish BTC rally comes on the back of a very successful week for spot ETFs. As per data from BitMEX Research, these products witnessed more than $2.2 billion in inflows last week. As of last Friday, BlackRock’s IBIT spot ETF had amassed approximately $13.6 billion in assets under management.

Since their debut, the ETFs have absorbed 4.06% of the current Bitcoin supply, as observed by Dune. At this rate, ETFs are projected to suck up 8.65% of the BTC supply annually.

Another factor boosting the price of Bitcoin is the approaching halving event, in which the amount of BTC given as a reward to Bitcoin miners for processing new blocks on the network will be slashed in half. This April halving will see the reward lowered to 2.125 BTC from 6.25 BTC, subsequently reducing the amount of Bitcoin issued every day by circa 900 BTC, worth roughly $73 million.

Meanwhile, other major cryptos, including ether (ETH), have also seen substantial gains, with the second-largest jumping above the $4,000 milestone. Ether has some bullish news of its own as a catalyst this week. In just two days, the Dencun upgrade will go live. Dencun is expected to dramatically enhance network scalability and reduce transaction fees for Layer 2 blockchains.

DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

The original article written by Brenda Ngari and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

Here Are The Most Bullish Bitcoin Predictions For 2024

Here Are The Most Bullish Bitcoin Predictions For 2024

By Olivia Brooke – March 10, 2024

The most valued cryptocurrency by market capitalization has maintained its position above $60,000 for over ten days. With a continued increase in price value, market participants are making bold long-term and short-term predictions for the asset. The bullish sentiments are mostly backed by a handful of fundamental factors that key players expect to drive prices to new highs.

Making a bullish price forecast, on-chain analyst Willy Woo is convinced that Bitcoin can go above $100,000 within the next 22 months. As such, Woo expects Bitcoin to maintain stability above its current levels for the rest of 2024.

He cites BlackRock and Fidelity as factors that could propel this price upswing.

As he explained in a post shared with X, formerly Twitter,

“BTC price will go past $125k minimum before the end of 2025 just from Blackrock and Fidelity clients if they rotate 3% exposure to Bitcoin. These are their most optimistic portfolio allocation recommendations: Blackrock ($9.1T): 84.9% and Fidelity ($4.2T): 3%.”

Responding in affirmation to comments from an X user, who insisted that the prediction was rather conservative, the on-chain analyst noted that the prediction was modest as it is only $13.3 trillion of the $500 trillion global wealth.

Peter Brandt increases his Bitcoin price prediction to $200,000

Bernstein analysts recently made another bold price prediction led by Gautam Chhugani. The analysts observed that Bitcoin is on an 18-month path to $150,000. They credited the price upsurge to the unprecedented institutional adoption.

Peter Brandt, the CEO of global trading firm Factor LLC, has recently emerged as one of the most bullish crypto proponents.

The veteran crypto trader made an even more bullish prediction after Bitcoin surpassed $57,000, following the approval of 11 Bitcoin Spot ETFs. Brandt raised his initial price prediction by $80,000.

"With the thrust above the upper boundary of the 15-month channel, the target for the current bull market cycle scheduled to end in Aug/Sep 2025 is being raised from $120,000 to $200,000 … A close below last week’s low will nullify this interpretation.” Peter Brandt wrote.

As demand for ETFs intensifies, market players firmly hold on to their bullish take. The upcoming halving scheduled for April is another factor that could boost price value.

Bitcoin was trading for $69,385 at this time while the market continued in an upward direction. Analysts are calling $80,000 a near-term price point for Bitcoin.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Olivia Brooke and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

Gold Price Forecast – March 2024

Gold Price Forecast – March 2024

Key Takeaways

The gold price is still trading above $2,000 an ounce despite a challenging scenario.

The demand for gold from jewellery, the industrial sector and central banks remains strong.

The price of gold could find a new positive impulse above $2,070, while a decline below $1,980 would denote weakness.

Gold Forecast for March

Despite a challenging environment, gold is still trading above the $2,000 an ounce mark. What are the main market drivers for gold to monitor in March, and what could we expect from the price of gold in the next few weeks?

Let us explore the scenario, starting with a brief macroeconomic analysis.

Gold and macroeconomic scenarios

In February, the US Dollar remained strong, while bond yields extended the rebound that started in the first weeks of the year. The latest inflation data released in the United States was hotter than expected (3.1% vs forecasts of 2.9%), indicating a prolonged journey towards the Federal Reserve’s 2% target. This situation has reduced the pressure on the Fed to cut rates from the current record level of 5.50%. Investors are now fairly convinced that any reduction in borrowing costs won’t commence until at least the May meeting, possibly even June.

This persistent hawkish stance has not dampened enthusiasm for equities, while Bitcoin has returned above $50,000.

In this context, gold found itself in a less favourable position, with alternative assets temporarily diverting investor interest away from precious metals. Despite this, gold exhibited little volatility. The only significant decline was triggered by the release of the US inflation at higher-than-expected levels – but gold demonstrated resilience, quickly recovering to surpass the $2,000 mark.

Gold Market Drivers

The timing of the next moves from central banks remains the key market driver for gold. Any news of sooner-than-expected rate cuts could lift up bullion prices, while further hawkish rhetoric could be a bearish catalyst for gold. Also, the geopolitical situation needs to be monitored carefully, with the demand of gold as a safe haven investment that could increase in case of escalation of tensions in the Middle East. As we will analyze later, the physical demand of gold remains strong, supporting the market.

Gold Technical Analysis

In the first six weeks of 2024, bullion oscillated in a tiny lateral trading range between $2,000 and $2,060. The dip following the US inflation data was quickly absorbed, confirming the solidity of the market.

From a technical perspective, a clear surpass of the resistance levels of $2,070-2,080 could pave the way for further gains, with the next target on the record high around $2,130. Should bearish impulses take hold, the first support levels are placed at $1,980, aligning with February’s low, and $1,930, at the bottom reached in November 2023. For now, the low of last October at $1,810 seems a distant threshold.

Gold demand

In a recent report, the World Gold Council highlighted that “2023 was marked by surprising resilience in jewellery and technology demand”, adding that it “considers it likely that last year’s levels will be repeated in 2024”.

Moreover, “central bank buying maintained a breakneck pace, with annual net purchases of 1,037 tonnes, almost match[ing] the 2022 record”. The robust demand from the jewellery and technology sectors and central bank acquisitions have compensated for the outflows experienced in the ETF sector. This trend will likely continue in March and the next few months, with central banks remaining active buyers while the demand from passive funds remains weak.

Carlo is an external market analyst for Kinesis Money. With a credential background in Economic Finance and International Exchange (MA), Carlo’s critical analysis of gold and silver markets’ performance is frequently quoted by leading publications such as Forbes, Reuters, CNBC, and Nasdaq.

Time to Buy Gold and Silver

Tim Moseley

Cardano May Have Just Ignited Game-On Face For 10 ADA Price’ In This Super Cycle

Cardano May Have Just Ignited Game-On Face For ‘$10 ADA Price’ In This Super Cycle

By Brian Njuguna – March 9, 2024

As positive crowd sentiment engulfs the crypto market after Bitcoin breached the all-time high (ATH) price of $69,000, Cardano (ADA) seeks to ride on this wave by mimicking its last bull run.

Taking on X, formerly Twitter, leading market analyst Ali Martinez pointed out that if this historical pattern saw the light of day, ADA could surge to the $10 price level.

Martinez noted, “Cardano seems to be mirroring its previous bullish cycle. If this pattern continues, we could witness a brief correction before ADA goes parabolic toward $10.”


Source: Ali Martinez

Cardano hit $3 during the last cycle after surging by more than 3,200%. Therefore, if ADA follows in these footsteps, Martinez believes the $10 price threshold will be in the offing as the eighth-largest cryptocurrency will have soared by more than 2,000%.

Since Cardano has broken out of a cup & handle formation that came to light in June 2022, ADA is likely to smash the $3 price level this cycle.

Cardano Experiences Heightened Network Activity

Based on CoinGecko data, Cardano has already recorded a 47.5% monthly surge, and increased network activity has played an instrumental role in this uptrend.

Specifically, ADA has been depicting strong network engagement and increased investor interest thanks to rising transaction volume and active daily addresses.

Cardano was hovering around the $0.7 level at press time, according to CoinGecko.

Top crypto analyst Dan Garmbadello recently echoed Martinez’s sentiments that Cardano was eyeing a parabolic movement since it had broken out of a major structure.

DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Original article posted on the Zycrypto.com site, by Brian Njuguna.

Article re-posted on Markethive by Jeffrey Sloe

** Get secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

Bitcoin Explosion To 300000 Looms Tether Co-Founder Opines Here’s Why This Bull Rally Could Be The Biggest’ One Yet

Bitcoin Explosion To $300,000 Looms, Tether Co-Founder Opines. Here’s Why This Bull Rally Could Be The ‘Biggest’ One Yet

By Brenda Ngari – March 8, 2024

After Bitcoin (BTC) recently hit a new all-time high above $70,000, analysts and investors are looking out for the next potential milestone for the maiden cryptocurrency.

Tether pioneer William Quigley suggests the ongoing bull run could outshine all previous ones, and there is room for BTC to surge to as high as $300,000.

Bitcoin On Track For $300,000?

This current Bitcoin bull run stands out in several ways. For one, as Tether co-founder William Quigley explained in a recent interview with CNBC, the market is in “better shape” fundamentally than it was before the May halving in May 2020. He cited the shiny new spot Bitcoin exchange-traded funds (ETFs) and the high derivative volumes.

Bitcoin’s upswing in recent weeks has coincided with the accelerating inflows into the spot ETFs. Notably, these products have amassed more than $53 billion in assets under management as of March 7 since their debut in January.

Quigley noted that the upcoming block subsidy halving typically drives the price of Bitcoin higher. In his view, should history repeat itself with a successful breakout higher, BTC price will be targeting prices north of $300,000 — a 350% growth from its current price level.

“I’m not predicting this, I’m just saying if you apply historical patterns, it would suggest Bitcoin being in excess of $300,000 at the peak of this next bull market,” Quigley clarified.

Bitcoin investors have historically welcomed the quadrennial halving event, which cuts the rewards earned by miners by half. The next halving is anticipated in mid-April, a countdown clock indicates.

“Bitcoin is maybe the only globally traded asset that I know of whose demand is purely based on sentiment,” the Tether co-founder posited.

“There’s not a Bitcoin company, there’s not a Bitcoin price-to-earnings ratio, it’s just a sentiment-driven token. And what you can say about that is sentiment has no limits. You can always be more optimistic, and so this rally may be the biggest we’ve seen.”

Concerns Over BTC Price Pullback Remain

While halving is considered a bullish tailwind for BTC prices, not everyone is feeling hopeful about what the coming months hold.

Venturefounder, a contributor to blockchain analytics provider CryptoQuant, postulated that both Bitcoin and the largest altcoin, Ethereum (ETH), must make a more decisive break of current all-time highs. He referenced the impending decision over whether or not to greenlight U.S.-based spot ETH ETFs.

“If BTC and $ETH fail to make a definitive new ATH breakout in March, I think it’s more likely we see more downside in April/May leading to the halving and ETH ETF approval,” he predicted.

According to Venturefounder, “March is probably the most important month of this cycle following such bullish February month.”

Moreover, JPMorgan analysts have previously suggested in a research report that the halving will hurt miners’ profitability, given the slashed rewards and higher production expenses, which ultimately could lead to Bitcoin falling to $42,000 “once Bitcoin-halving-induced euphoria subsides after April”.

DISCLAIMER

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

The original article written by Brenda Ngari and posted on Zycrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Loans, secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Tim Moseley

Gold Price News: Gold Extends All-Time Highs

Gold Price News: Gold Extends All-Time Highs

Gold prices extended their recent gains on Thursday to hit fresh all-time highs of over $2,160 an ounce.

Prices notched up a high of $2,164 an ounce on Thursday, compared with around $2,148 an ounce in late deals Wednesday.

Several bullish factors have combined to propel gold prices to record highs in recent days. In particular, weaker economic data from the US has prompted traders to up their bets on an interest rate cut in June. Data from interest rate traders now indicate a probability of just over 70% for the US Fed to start cutting rates at its June 12th meeting, of which most expect a 25 basis-point cut and a minority gunning for a 50 basis-point cut.

Any lowering of interest rates reduces the appeal of holding cash or government bonds, and boosts interest in non-yielding assets like precious metals.

Fed Chair Jerome Powell was quoted on Wednesday saying the central bank needs more evidence that inflation is easing before going ahead with interest rate cuts, although he also signalled that rates have likely reached their peak at the current 5.25-5.5%, in comments to a congressional hearing.

The market’s expectations on monetary policy have also coincided with a period of strong central bank buying of gold in recent months, which has been further augmented by a risk premium due to geopolitical instability and the risks this poses to commerce and financial markets.

Looking ahead, the markets will be watching out for monthly US non-farm payrolls figures on Friday as well as the unemployment rate for February for a further health check on the state of the US economy.

Frank’s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.

Time to Buy Gold and Silver

Tim Moseley

Satoshi’s Prophecy: Another Bank Plummets While Bitcoin Soars

Satoshi’s Prophecy: Another Bank Plummets While Bitcoin Soars

By Bary Rahma
7 March 2024, 00:30 GMT+0000

In brief

NYCB's stock value plummeted over 40% amidst financial health concerns, while Bitcoin soared to a new high of $69,000.


The bank's struggles, including a $2.4 billion loss and leadership changes, contrast starkly with Bitcoin's robust growth.


Bitcoin's demand surges as shown by record-high accumulation addresses and ETF holdings, despite potential corrections.

In a dramatic turn of events that echoes the prescient warnings of Satoshi Nakamoto, the creator of Bitcoin, the financial system witnessed another stark contrast between the faltering traditional banking sector and the growing cryptocurrency market.

The spotlight shone brightly on New York Community Bank (NYCB), which experienced a precipitous decline in its stock value. It plunged over 40% in the wake of alarming revelations about its financial health and management disruption. This turbulence occurred against Bitcoin’s 58% year-to-date ascent to a fresh all-time high of $69,000.

NYCB Goes Bust While Bitcoin Hits Record Highs

The plight of NYCB, a regional lender based in Hicksville, New York, became public knowledge when it disclosed a “material weakness” in its internal controls. This led to a staggering $2.4 billion loss for shareholders last quarter.

A leadership reshuffle compounded the bank’s woes. Alessandro DiNello assumed the roles of president and CEO while a series of credit rating downgrades pushed NYCB’s debt into junk territory.

This series of misfortunes mirrored the earlier collapse of First Republic Bank. Therefore, it hinted at a potential systemic issue within the regional banking sector. Still, NYCB grappled with its internal turmoil and secured a major cash infusion amid the possible erosion of depositor confidence.

“In evaluating this investment, we were mindful of the Bank’s credit risk profile. With the over $1 billion of capital invested in the Bank, we believe we now have sufficient capital should reserves need to be increased in the future to be consistent with or above the coverage ratio of NYCB’s large bank peers,” Former United States Secretary of the Treasury Steven Mnuchin said.


NYCB Price Performance. Source: TradingView

This financial distress starkly contrasted with the flourishing crypto market. Unprecedented investment and accumulation of Bitcoin have signaled a robust vote of confidence from both new and veteran investors.

Significant inflows into accumulation addresses underpin Bitcoin’s resilience and growth. Likewise, growing exchange-traded fund (ETF) holdings reflect an increasing Bitcoin demand that contrasts with the instability plaguing the traditional banking industry.

This divergence reflects a broader shift in investor sentiment, seeking refuge in what many perceive as a more decentralized and secure financial future.

“The total Bitcoin holdings of accumulation addresses also reached record-high levels. The total holdings at these addresses are now 1.5 million Bitcoin. These addresses denote investors that only accumulate Bitcoin and have never sell, so the accelerating growth in their Bitcoin holdings is a sign of strong demand,” analysts at CryptoQuant told BeInCrypto.


Bitcoin Accumulation Addresses. Source: CryptoQuant

However, it is not all smooth sailing for Bitcoin. Despite the growing demand and reaching new price heights, other indicators suggest Bitcoin might be entering an overheated phase. These metrics reveal a complex time where rapid gains could precipitate equally swift retractions.

 

“A short-term pause/correction may be brewing as prices have increased too fast in relation to key on-chain metrics… Moreover, traders’ unrealized profit margins are now above extreme levels, which can anticipate selling pressure from these market participants,” analysts at CryptoQuant added.

As Bitcoin continues to chart its course, the fate of traditional banks may serve as cautionary tales for an industry at a crossroads, navigating the challenging waters of modern finance in the shadow of Satoshi Nakamoto’s remarks.

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts,” Satoshi Nakamoto wrote.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Original article posted on the BeInCrypto.com site and written by Bary Rahma.

Article re-posted on Markethive by Jeffrey Sloe

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