It may not be tulip season in the Netherlands, but there was a buzz in the picturesque Westerpark, which hosted the Bitcoin Amsterdam 2022 conference.
Notable speakers from across Bitcoin (BTCThe ecosystem drew a good number of attendees over the two days of the program, exploring wide-ranging themes amid challenges and successes as the venue approaches its 14th year of existence.
With global economic woes continuing across traditional markets and global monetary inflation fears growing, Bitcoin’s role as a potential hedge was a major topic of discussion, as things began inside the Westerunie Dome on the first day of the conference.
Bitcoin as an inflation hedge
Former hedge fund manager Greg Voss and Prince Philip of Serbia gave some interesting food for thought, highlighting Bitcoin’s potential as a safe asset given its engineering rarity when compared to the debt-based economic system that has been struggling to combat inflation.
Cointelegraph spoke to Voss in Amsterdam, who highlighted his view that Bitcoin will play a major role in Dealing with inflation. Having cut his teeth while working at the Royal Bank of Canada and serving nearly 30 years of commercial credit, Foss’ introduction to Bitcoin has changed his view of the current economic challenges facing the world:
“I found Bitcoin in 2016. I have been searching for it ever since, and in my opinion, it is the most important technological and financial solution to the looming debt crisis that we are seeing in real time at the moment. What is happening in the UK is extraordinary. I haven’t felt this worried about the financial system since 2009.”
Prince Philip used an anecdotal example of high inflation in Serbia in the past and in 2022 as a cause for concern for local residents despite government assurances that inflation figures will return to single digits in 2023:
“This is how Bitcoin will help people in Serbia and around the world. It is important that we educate people to understand the scarcity of Bitcoin and how it will solve the problem of inflation that we are all facing now.”
Former European Parliament member Nigel Farage She weighs too On this issue from a British context in a conversation with Cointelegraph. While he admitted that he first heard about the concept of Bitcoin in 2012, Farage recently thought about its importance when he began to question the nature of fiat currencies in the modern age.
Farage highlighted the detachment from the gold standard in various countries several decades ago as a major cause of inflationary environments that often take years to fix. In his view, bitcoin could become a more attractive way to deal with and combat inflation in Europe in the near future:
“There is going to be a very big change here in the next two or three years, and it will become a reliable medium of exchange. And if you look now at doing banking, it’s inefficient, expensive, and often very slow. So [Bitcoin] become more attractive.
While there was much optimism for Bitcoin as a hedge in one’s investment portfolio by a number of speakers, Foss highlighted the importance of having a clear strategy in place in regards to allocating the percentage of BTC in the wallet.
Energy issues in Europe
Energy issues have been another hot topic of discussion, given that Europe is experiencing an energy crisis of some sort, which has been exacerbated by the Russian invasion of Ukraine. Andy Long, CEO of mining company White Rock Management, summed up the state of affairs on the continent.
Really, the only reasonable resources of energy used in mining in Europe are at energy stranded sites. When you transmit power, you have losses in the grid, but you also need enough capacity in the distribution network.”
Long also noted that gas pipelines being restricted and nuclear power plants being shut down add more restrictions, while renewable energy generation is not keeping pace. This means that mining operators are having a hard time finding low-cost, stable energy sites.
Jelmer ten Wold, CEO of Greentech Technologies AG, highlighted the fact that the European Union is investing 300 billion euros ($292.38 billion) in renewable energy production in the coming years while consumption plans are somewhat lacking.
“This will result in a lot of need and demand for stable load and load balancing applications. The moment a heat user vertically integrates with a mining farm, generating heat and BTC at the same time, there is no way an electronic boiler will ever be cheaper.”
Long also recounted how his company’s investments in Sweden’s energy infrastructure had a ripple effect of infrastructure development and increased investment in mining projects by other companies. This provides an example of how bitcoin mining can be a motivating force for the further development of electricity facilities.
Paul Sztorc, freelance bitcoiner, inventor of the BIP 300, famed crypto inventor, Hashcash inventor and CEO of Blockstream, Adam Back, has thought about the future use of sidechain to improve the Bitcoin network in the future.
Play, Simplicity, and SNARKS icons were brought up by both speakers during their session on the topic. Back suggested that opcodes, which push data or perform functions within scripts or signature scripts, could be easier to implement in the near future:
“I think playcodes are probably the fastest path. I think there is new energy in the Bitcoin dual layer with Fedimint and Statechains, there are a lot of companies that are working on this stuff. They are also interested in new new play tokens so it is time to have that conversation.” .
Sztorc, who created the BIP 300, which Suggest After compressing three to six months of transaction data into a fixed 32 bytes, he also agreed that the sidechain could help scale the Bitcoin network by implementing BIP and other sidechain proposals:
“The idea I have for the BIP 300 and just the side chain idea in general can have a huge impact. Not only is it scalable but it can be used to achieve massive scale very quickly.”
Upgrades or improvements to the Bitcoin protocol have always been a contentious issue, but two respected crypto experts have surely given measured actions on how the protocol continues to evolve in a multi-currency and blockchain ecosystem.
Bitcoin story by Julian Assange
The famous activist and founder of WikiLeaks, Julian Assange, currently imprisoned in Belmarsh Prison in London, was represented by his wife Stella, who gave a rousing speech in Amsterdam that demonstrated Bitcoin’s role in the fight against censorship around the world:
Bitcoin and its technology try to fight censorship in a similar way to how Wikileaks fought censorship with cryptography. Julian started WikiLeaks with incredible creativity, a pioneer who changed the way journalism is done.”
Assange’s work with encryption has primarily focused on helping journalists and newsrooms rethink how to protect their sources and information in the age of the internet. Once WikiLeaks started publishing information, the media company saw itself cut off from the major payment networks.
“This led to WikiLeaks becoming an early adopter of Bitcoin. It is important to understand the attacks on WikiLeaks and the various attacks. Off-shore banking blockades, political and legal attacks.”
Public conversations with speakers and attendees painted a picture of optimism about Bitcoin’s continuing role during times of heightened uncertainty around the world. As the spread of the COVI-19 pandemic begins to wane, inflationary fears and the constant threat of a persistently escalating situation in Ukraine have pushed up energy costs in Europe.
Despite the bleak outlook, Bitcoin continues to attract both old users and potential newcomers to explore the many avenues of the prominent cryptocurrency. As one anonymous long-term Bitcoin owner told Cointelegraph, “I traveled here from America because I love to follow what is happening in space.”
The attendees were one of many who traveled from different parts of the world to see how the Bitcoin ecosystem continues to evolve in the ever-growing cryptocurrency ecosystem.
Tiantian Kullander, co-founder of the Amber Group, also known as “TT”, died unexpectedly in his sleep on November 23, depending On the official website of the company. Colander was 30 years old and left behind a wife and son.
Besides co-founding the Hong Kong-based Amber Group, TT sat on the board of esports company Fnatic and founded KeeperDAO, a decentralized finance protocol that allows participants to trade, borrow and stake assets with protection from bots mined minervalue, before giving it back. to the community.
In an official statement, the Amber Group noted that TT has dedicated his heart and soul to the company, and has set an example to follow with his “intelligence, generosity, humility, diligence and creativity”. As stated by the company:
“TT has been a respected thought leader and is widely recognized as a leader in the industry. His depth of knowledge, willingness to collaborate, and desire to always help others have benefited countless startups and individuals. His ideas and creativity have inspired many projects, people, and communities.”
With the goal of exploring machine learning for trading, Amber Group started in 2015 as a side project of four traders — Kullander, Michael Wu, Wayne Huo, and Tony He — plus Bloomberg LP developer Thomas Zhu. They started working on the project full time in 2017.
Prior to that, Colander worked in structured credit trading at Goldman Sachs and as an emerging markets trader at Morgan Stanley. In 2019, he was featured on the Forbes 30 Under 30 list, which honors young entrepreneurs, leaders, and stars.
The community responded to the loss on Twitter. Arthur Cheung, founding partner of DeFiance Capital, noted that “the industry has lost a young, bright, and most importantly, a good spirit.”
I just got very sad news and I’m not really sure how to react when we’ve been talking for weeks now.
Tom See, co-founder of automated market maker Charm Finance, also noted on Twitter that TT was “one of the most original and talented people” he knows.
I’m so sad. tt is one of the most original and talented people I know. He’s one of the few people with access to cryptocurrency (and funding), and he has his heart set on doing the right things. I can’t believe something like this happened – what a shitty world we live in
bitcoin (BTC) has been trading in a narrow range since Thanksgiving on November 24, as traders are unsure of the next directional move. Usually, in a bear market, analysts tend to be very bearish and project targets tend to scare off investors.
Although anything is possible in a bear market, traders with a long-term view can try to accumulate mainly strong coins in several tranches. Since the bottom will not be confirmed until it is too late and trying to time it is usually a futile exercise.
In a bear market, not all currencies fall at the same time. Thus, along with keeping an eye on the broader cryptocurrency market, traders should closely monitor the currencies of their choice.
Cryptocurrencies that lead the market out of a bear phase generally tend to do well when the next bull market begins. Let’s take a look at the charts for the cryptocurrency that is trying to start an upward movement in the short term.
Bitcoin has consolidated between $15,588 and $17,622 in the past few days. The Relative Strength Index (RSI) has formed a bullish divergence, which indicates that selling pressure may decrease.
The relief rally could face heavy resistance in the area between the 20-day exponential moving average ($17,065) and $17,622. If the price falls from the upper region, the BTC/USDT pair can extend its stay within the range for some time.
If the buyers push the price above the upper area, it would indicate that the downtrend might be over. The 50-day SMA ($18,600) might act as a small hurdle but if it is crossed, the bulls could reach the psychological $20,000 level.
Alternatively, if the price drops from the overhead resistance and breaks below $15,588, it could indicate a resumption of the downtrend. After that, the pair could drop to $13,554.
The moving averages on the 4-hour chart have flattened and the RSI is near the midpoint, which indicates a balance between supply and demand. This balance could tilt in favor of the bulls if they push the price above $17,000. The pair could then rise to the overhead resistance at $17,622.
Alternatively, if the price drops below $16,000, the pair could drop to the critical support area between $15,588 and $15,476. A break below this area could accelerate the selling and start the next phase of the downtrend.
dogecoin (dog) broke above the overhead resistance at $0.09 on November 25 but the bears pulled the price back below the level on November 26. The buyers regrouped and pushed the price above the 38.2% Fibonacci retracement level of $0.10 on November 27.
The bears may try again to stop the recovery near $0.10, but if the bulls do not allow the price to break below $0.09, the DOGE/USDT pair may gain momentum and rush towards the 61.8% Fibonacci retracement level at $0.12. If this level is also measured, the pair may continue its upward trend towards $0.16.
On the other hand, if the price falls below the current level, it will indicate that the bears will continue to view the rallies as a selling opportunity. The pair could then drop to $0.09. If this support is resolved, the 50-day SMA ($0.08) could be challenged.
Buyers pushed the price above the range, which indicates the beginning of an upward movement. The strong rise pushed the RSI to deep overbought levels, indicating a slight correction or consolidation in the near term.
If the price falls from the 38.2% Fibonacci retracement level at $0.10 but bounces off the breakout level, it would indicate that sentiment has turned positive and traders are buying on dips. The bulls will then try to resume the bullish trend. The target target for the breakout from the range is $0.12.
This positive view may be invalidated in the near term if the price falls and returns to the range. After that, the pair may drop to the 50-SMA.
litecoin (LTCA break above the general resistance at $75 is the first indication of a possible trend change. The bears tried to drag the price back below $75 and trapped the aggressive bulls but the buyers held out.
The bulls will try to push the price above the general resistance at $84. If they succeed, it could signal the start of a new bullish trend. A rising 20-day EMA ($67) and the RSI near the overbought territory suggest that the path of least resistance is to the upside. LTC/USDT pair could rally towards the target target at $104.
Conversely, if the price declines from $84, the pair may slip to the $73 to $75 support area. If this area breaks down, the pair could slide down to the 20-day moving average. The bears will have to pull the price below this support to trap the aggressive bulls.
If the price bounces off the 20-day moving average, the bulls will try again to push the pair above $84 and start an upward trend.
The 4 hours chart shows that the price broke out and closed below the 20-EMA, but the bears were unable to build on this advantage. The bulls bought the decline and pushed the price back above the 20-EMA. Both the moving averages are sloping up and the RSI is just above the midpoint, indicating that buyers have a slight edge.
Minor resistance is at $80, but if the bulls push the price above this level, the pair could rise to $84. Then the pair can try to rise to $96. If the bears want to invalidate this view in the short term, they will have to pull the pair back below $73.
connect string (Link) has been range bound between $5.50 and $9.50 for the past several weeks. The strong bounce off the support at $5.50 on November 21 suggests that the bulls are buying aggressively on dips to this level.
The 20-day moving average ($6.74) has started to rise and the RSI has moved into positive territory, indicating a slight advantage for the bulls. If the price holds above the 50-day SMA ($7.15), the probability of a rally to $8.50 and later to $9.50 increases.
Contrary to this assumption, if the price falls and breaks below the 20-day moving average, it will indicate that the bears are active at higher levels. LINK/USDT could drop again towards the support at $5.50 and hold near it for a few more days.
The strong bounce off the $5.50 level is approaching the overhead resistance at $7.50. If the price drops from this level and breaks below the 20-EMA, then the pair could drop to the 50-SMA. A break below this support could keep the pair stuck between $5.50 and $7.50 for some time.
Another possibility is that the price drops from $7.50 but bounces from the 20-EMA. The bulls will again try to push the price above $7.50 and start the rally north towards $8.50.
ApeCoin (Monkey) has been in a large range between $3 and $7.80 for the past several months. The bears tried to plunge the price below the range support but were unable to sustain the lower levels. This indicates strong demand at lower levels.
Continuous buying pushed the price above the 20-day moving average ($3.47) on November 26, indicating that the bulls are making a comeback. Slight resistance is at the 50-day SMA ($4.06), but if the bulls cross this roadblock, APE/USDT could rally to the downtrend line.
If the price drops from the downtrend line, the pair may drop to the 20-day moving average. If the pair rebounds off this level, it would indicate that sentiment has shifted from selling on rallies to buying on dips. This could improve the odds of a breakout above the downtrend line. The pair can then climb to $6.
Conversely, if the price declines from the downtrend line and breaks below the 20-day moving average, the pair could slip back to the strong support at $3.
The moving averages on the 4-hour chart have started to rise and the RSI has jumped into the overbought territory, indicating that the bulls have a slight advantage. The recovery could face resistance at $4 but if the bulls don’t allow the price to drop below the moving averages, the bulls could hit the downtrend line.
This positive outlook could be invalidated in the near term if the price declines and breaks below the 50-SMA. Such a move would suggest that the bears continue to sell on rallies. The pair could then drop to $3.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risks, you should do your own research when making a decision.
It’s been 16 days since FTX filed for Chapter 11 bankruptcy protection in the US, and former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hanging out at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to travel to Nassau in order to grill the SBF about the FTX collapse, and crypto fans on social media have been eagerly watching Bitboy’s search for the SBF on the island.
While trying to take on the SBF in the Bahamas, Bitboy says he’s doing what nobody wants to do
Crypto Twitter, better known as CT, was entertained last weekend by a Youtube personality bitboy, otherwise known as Ben Armstrong. The reason Bitboy has been attracting so much attention over the past few days is because he decided to travel to the Bahamas so he could interrogate Sam Bankman-Fried (SBF).
The SBF is supposedly still in the Bahamas, despite the former cryptocurrency executive Virtual private jet He was traveling back and forth from Nassau to Argentina more than eight times since filing for bankruptcy. A few days ago, Bitboy told CT he was heading to the Bahamas to do what no one else was willing to do which was to ask the SBF about the FTX debacle.
We got @employee Camping outside Sam Bankman-Fried’s apartment in the Bahamas 🇧🇸.
investigators from the United States have It said Investigate the FTX meltdown, but people don’t think law enforcement is really doing anything. Moreover, they certainly don’t believe the efforts of the media, such as news publications like The New York Times (The New York Times)The Wall Street Journal (WSJ), Forbes, and The Washington Post are accused of protecting the image of SBF and “puff cut” printing About the CEOs of FTX and Alameda.
No one else here is trying to get to the truth
People are afraid for my safety. I eat tuna steak lol. I’m good. You guys have no idea. This is not what you think it is. It’s not dangerous here at all. It is actually very welcoming.
Bitboy has been trending in the Bahamas for the past 24 hours, vertical trends are showing on Twitter More than 100,000 tweets on the subject at the time of writing. YouTuber with over a million followers on Twitter compressed on Saturday that “nobody here is trying to get to the bottom of the truth.” Bitboy said his search for SBF is not about getting attention but about getting real answers from the former CEO of FTX.
“This isn’t about the clicks. This is about the answers. And I’m not leaving this island without them,” Bitboy chirp. A lot of people showed enthusiasm for what Bitboy was doing and a lot of people thought it was very entertaining. “Who Needs Netflix When You Have a CT Scan?” one individual Requested. In fact, cryptocurrency enthusiasts were quite amazed that Bitboy would question the SBF instead of the investigators and the media.
Crypto Influencers Show Respect To Bitboy For His Reporting Efforts, Condo Staffer Says No One Is Looking For SBF
“So here’s the guy taking over the investigation of the FTX scandal,” the Cryptobull Twitter account said Wrote. Not the FBI, not the Justice Department, not the media, and certainly not the Securities and Exchange Commission. My respect [Bitboy]Cryptobull added. Bitboy responded to Cryptobull’s tweet and said, “I told you I was here fighting for the people. If no one else will, I will. However, the connection with the SBF was as difficult for Bitboy as it was for the SBF I stopped him on Twitter. But that didn’t stop Bitboy from searching for the SBF so he could be questioned and the Youtuber shared photos and videos about the experience.
One of the batches of photos Bitboy shared on Saturday were a few photos of the alleged SBF Toyota Corolla. According to Twitter, this is Sam’s Corolla, “Bitboy chirp. “Complete with cereal in the front seat. Maybe someone can tell what it is. And an MSI laptop in the back. SBF, look at the window bud. I just want to talk. Come tell your story,” the YouTuber added.
Bitboy too Share a video From the coastal Albany condominium where SBF is allegedly currently residing. “It’s amazing to me that an employee in Albany said we were the first to come looking for Sam WTF,” Bitboy tweeted. The Youtuber has also messaged SBF via iMessage and Bitboy Share a photo From the texts appearing SBF may have read it. Later in the evening, Petoy said:
I’m only here because no one was willing to represent people and confront Sam.
A large number of cryptocurrency supporters tweeted about Bitboy’s visit to the Bahamas for questioning by the SBF. Bitcoin advocate Layah Heilpern has made it clear that she wants to see a live stream of the visit. Confirmed [Bitboy] solemnly outside Sam Bankman-Fried’s house demanding answers,” Heilpern chirp. “How does the crypto guy do a better job than the American detectives? I want a live stream right now… anyone else?”
Back to the time the security guard escorted us outside. Brian was so cool.
After Saturday’s Tweets, photos, and videos of Bitboy, the Youtuber said the SBF got kicked out of the coastal apartment within 48 hours. “Sam will be kicked out of Albany in 48 hours. Can you imagine living there knowing how many of his enemies now see how easy it is to get in?” Bitboy He said. If you were his neighbor, would you want that kind of attention on your million-dollar compound? The next day, the YouTuber said:
We’ve done the equivalent of throwing a digital hammer through Sam’s window. Once he came down from his height last night, how do you think he fell asleep?
What do you think of Bitboy traveling to the Bahamas to confront and question the former CEO of FTX SBF? Tell us what you think about it in the comments section below.
Jamie Redman is Head of News at Bitcoin.com News and a financial and technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.
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