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BAT Price Prediction to 2030: Should you invest in BAT?

With the recent surge in interest in cryptocurrency, many people are wondering about the potential of different coins. One coin that has been getting a lot of attention lately is BAT. In this BAT price prediction, we’ll take a look at what BAT is, its potential price prediction, and whether or not it’s a good investment. What Is BAT?The Basic Attention Token (BAT) is a revolutionary concept for the digital advertising industry. This token holds the key to successful, non-intrusive advertising on digital platforms. To break that down, BAT allows users to earn from watching advertisements if and when they please. But how does that work?Well, BAT is the native token of the Brave browser. Brave is an open-source web browser that limits browser-based advertising to users interested in watching ads. By default, the Brave browser does not show any advertising. However, users can decide to permit the browser to display ads. When they do this, they can earn free crypto, paid in BAT, for their viewership. Overall, this improves the user browsing experience and helps advertisers place their ads in front of more interested individuals, thereby generating more relevant conversions.The minds behind this brilliant idea are Brendan Eich and Brian Bondy. Eich, the founder, and CEO of Barve Software Inc., the company behind the Brave browser and its token, is a renowned figure in the software industry. Brendan Eich is Mozilla’s founder and chief technical officer (CTO) and the inventor of JavaScript. On the other hand, Bondy is a savvy software engineer, having worked as a developer at Corel Corporation, as a CTO at Mozilla, and as a software development lead at Khan Academy.In 2017, Eich and Bondy launched BAT in one of the most successful cryptocurrency launches ever recorded. BAT raised at least $35 million in one minute during this initial coin offering, proving that many people perceived the coin as a worthwhile investment. But has BAT managed to keep its value up over the years? Will it soar to greater heights, or will it crash and burn over time? Let’s find out.What Is BAT’s Price Prediction in 2022?There isn’t much of 2022 left to predict, but there’s a lot to analyze when it comes to BAT’s performance. In general, 2022 was a challenging year for many cryptocurrencies. The crypto market suffered extreme volatility due to external global factors, and many assets saw their values tank significantly within this period. BAT is among the cryptocurrencies whose price took a nosedive in 2022. While the coin started the year on a high note, its value steadily decreased, hitting lows of $0.273 at the close of October. This was from a high of $ 1.30 in January.Between January and November, BAT hit highs of $1.30, $0.94, $0.898, $0.946, $0.653, $0.439, $0.453, $0.469, $0.354, and $0.309, respectively. The coin’s lowest value registered within the same period is $0.72, $0.648, $0.634, $0.632, $0.359, $0.285, $0.360, $0.329, $0.298, and $0.273.Will BAT’s Value Rise By The End of 2022?Despite the apparent decline in value that BAT has suffered, the last two months of 2022 carry with them the hope of a price spike. As the crypto market stabilizes, BAT’s value is likely to take a significant turn for the better. On estimate, BAT can hit a high of $0.645 by the end of December, giving the coin at least a 33.6% spike from the highest value it recorded in October 2022.BAT’s future is also highly promising. With more and more people realizing that they can cash in on viewing ads, the coin will likely attract more investors and increase prices. Will BAT’s Value Drop By The End of 2022?There is a very low likelihood of a BAT price drop by the end of 2022. The main reason behind this assertion is that the crypto market has shown signs of reduced volatility during this period. Besides, as the holiday season sets in, more advertisers are likely to increase their ad spend on the Brave browser to reach more audiences with free time to watch ads, thereby increasing BAT’s value.However, in the event of a price decline, the worst of the coin’s performance that investors can expect by the close of the year is half the average of all its lowest prices recorded in 2022. For the entire year, BAT’s average lowest price is $0.454. Therefore, BAT is not likely to go below $0.277 by the end of December 2022.What Average Price Will BAT Maintain in 2022?At its extreme best, BAT had an average value of $0.645 from January to October 2022. On the flip side, BAT’s average lowest price was $0.454 for the same period. So, on average, BAT is expected to have a value of $0.30 by the end of 2022.What is BAT Price Forecast From Other Analysts?There’s a lot of speculation about how well BAT will perform in the remaining part of 2022 and the coming years. The general outlook from multiple professional crypto analysts is that the coin has the potential to rise in value as the years go by.Part of the reason why analysts seem optimistic that BAT is one of the most promising cryptocurrencies to invest in is the coin’s utility. BAT plays an instrumental role in shaping the digital advertising industry. Through this token, users can enjoy uninterrupted browsing or benefit from their ad viewing efforts. On the other hand, advertisers will get value for their ad spend because only interested individuals will be viewing their ads. Considering that the estimated global ad spends in 2022 is $616 billion and growing, BAT is definitely in for a price spike should it manage to tap into the industry. Let’s explore the predictions that various analysts gave for BAT’s performance. Price Prediction.Net BAT Price ForecastPrice Prediction.Net, an expert in all things cryptocurrency analysis, indicates that BAT will experience a slight price improvement by the end of 2022. According to this expert analysis platform, BAT’s lowest value in November 2022 will be $0.28, and in December of the same year, it will be $0.31.On the high side, BAT will be worth $0.32 in November and $0.34 in December. Averagely, BAT’s value will hit $0.31 in November and $0.32 in December. TechNewsLeader BAT Price ForecastThrough comprehensive research and historical data analysis, TechNewsLeader believes that BAT will close the year on an upward trend. In their price prediction, TechNewsLeader indicates that the lowest value BAT will have in November and December is $0.29 and $0.30, respectively. The analyst also predicts that the highest value within this period will be $0.32 and $0.34, respectively, while the average will be $0.31 and $0.32, respectively.DigitalCoinPrice BAT Price ForecastDigitalCoinPrice’s forecast on BAT’s price shows that the coin will rise in value, ending the year at $0.25 in November and $0.26 in December. This is the lowest value the coin can have, according to DigitalCoinPrice predictions.On the other hand, BAT can hit highs of $0.36 and $0.38 in November and December, respectively. However, on average, BAT could be worth $0.29 in November and $0.33 in December.Gov.Capital BAT Price ForecastFrom Gov.Capital’s perspective, BAT’s value is up for a significant spike in November and December 2022. Within this period, Gov.Capital speculates that the coin will be worth a maximum of $0.272 and $0.455, respectively. On the lower side, Gov.Capital estimates BAT will be worth $0.266 in November and $0.336 in December. The average BAT price from Gov.Capital is $0.269 and $0.396, respectively.BAT Price Prediction 2025The future is unbelievably bright for BAT’s value. Between 2023 and 2025, there will be a growth spurt in digital advertising as users seek more privacy and advertisers seek a higher return on investment for their ad spend. Fortunately, BAT stands in the perfect position to offer both outcomes. For this reason, the coin’s utility is bound to increase, and so is its value.By the end of 2023, BAT’s forecast indicates that it will be worth at least $0.558 and at most $0.693. On average, the coin will be worth $0.618. In 2024, BAT price predictions estimate that it will hit highs of $1.117, lows of $0.886, or an average of $0.981. BAT’s price prediction for 2025 indicates that BAT will be worth a maximum of $1.587, a minimum of $1.250, or an average of $1.400.BAT Price Prediction 2030The last half of the decade also shows much promise for BAT’s value. As more people begin to embrace self-regulated consumption of digital content, the Brave browser will grow in popularity, and its native token will benefit in value from this growing fame. Now let’s look at BAT Coin’s price prediction from 2026–2030.By the end of 2026, BAT’s price forecast shows it will reach a staggering $2.135 on the high side and $1.695 on the low side. At the end of 2027, the BAT value prediction indicates that it will hit highs of $2.777 and lows of $2.288, for an average of 2.469. In 2028 and 2029, BAT is expected to be worth an estimated maximum of $2.710 and $3.900 and a minimum of $2.340 and $3.266. On average, it will be worth $2.459 and $2.446, respectively.BAT’s price prediction for 2030 shows BAT will have hit its all-time high of $5.620, an average of $4.963, or a minimum value of $4.650.FAQsWill Basic Attention Token Go Up or Down?BAT’s price will go up in the remaining months of 2022. In December, the coin’s highest estimated value can hit $0.645. This will be a 33.6% increase from the highest value it presented by the end of October.In the long run, BAT’s value will also increase. By 2030, the coin will have an estimated maximum value of $5.620, about a 370% increase from its all-time high.Is Basic Attention Token a Good Investment?BAT is a worthwhile investment. The coin’s utility in digital advertising is essential and unique. Consequently, the team behind the coin has at least 50 years of combined experience in software engineering. This indicates the coin’s structural ability and financial potential, making it a worthwhile investment.Should I Invest in Basic Attention Token?A BAT investment is worth considering. The coin has a high potential for growth as digital advertising broadens its scope. However, cryptocurrencies are always volatile. Despite its promising outlook, BAT could also cost you a lot if its prices fluctuate negatively. Therefore, be cautious as you invest, and only put in the amount you are willing to lose.

FTX’s $380 million trail: An exploit to uncover or a final inside job

About $380 million flowed out of the FTX exchange due to a exploit or likely insider hack
Exchange counsel said company is investigating proceedings

FTX customers’ hope of getting their funds out might have finally hit a brick wall as emerging development showed that the exchange faced an exploit of $380 million. Without any clarification, FTX US general counsel, Ryan Miller, tweeted that they were investigating “abnormalities” going on in the exchange. 

Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it. @FTX_Official
— Ryne Miller (@_Ryne_Miller) November 12, 2022

This came after FTX filed for Chapter 11 bankruptcy on 11 November and included the initially “safe” FTX US as part of the subsidiaries affected.
Can’t catch a breath
With this development, the whole saga of the exchange collapse seemed to be going from bad to worse. Before Ryan put the word out, Oxfoobar, a DeFi auditor, had notified the Twitter crypto communities of strange outflows from the exchange.
Oxfoobar also noted that it was doubtful for regular users to be in control of such outflows at that time. According to him, these exits were not routine. There was also word on the street that liquidators acted on their rights. During this period, the outflows were at $26 million. Despite the confusion, comments flew around that it was a probable inside job.

Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it’s late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here pic.twitter.com/8wWlaE7na9
— foobar (@0xfoobar) November 12, 2022

Things continued to get ugly as Bankless released an update per the happenings. The hack had surged up to $380 million in a breaking on-chain revelation from the sovereign-finance firm. Bankless also pointed out the possibility of an inside job considering the circumstances.

BREAKING:
Onchain data shows that $380m of funds from FTX are on the move.
Are the insiders rugging? pic.twitter.com/ZCx14QwS1A
— Bankmanless (@BanklessHQ) November 12, 2022

The speculations about it being an action from an insider started to gain ground when the wallets names that receive the funds reached public domain. In a release by Autism Capital, a blockchain investigative firm, the hackers took a dig at embattled founder Sam Bankman-Fried (SBF) with their naming.
Source: Autism Capital via Twitter
Abandon the ship! It’s sinking!
After the pillar-to-post discussion about what was happening, purportedly actual events finally came to light. This was because the FTX telegram administration sent a message hacker had compromised the platform. In the statement circulated around Twitter, the admin advised users not to visit the official website or click any links. 
Source: Telegram
While the admin noted that the exchange had recovered some funds, there was no proof. In fact, the situation was not any better at press time. This was due to disclosure from some users that their funds now showed balances of $0.
However, the recent missing funds were not the first to be found on the exchange. Reuters reported that about $1 billion of customer funds were missing. The international news platform also disclosed that SBF denied that the exchange moved the funds secretly. 

Crypto News Live Update Nov 12: FTX Hack; Crypto Market Slumps By 3%

Crypto News Today Live Updates November and Latest News: (12 November 2022) The global cryptocurrency market registered a decline of more than 3% after witnessing a broad recovery on Friday. The cumulative market now stands at $839 billion.

The 24 hour trading vol declined by over 34.3% to stand at $91 billion. The market is on a constant decline after Binance’s CEO, CZ made a crucial announcement regarding the FTX crypto exchange.
FTX token (FTT) price has dropped by another 36% in the last 24 hours. FTT is trading at an average price of $2.01, at the press time.

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2022-11-12T12:48:35+5:30

FTX Reportedly Hacked For $600 Million
Crypto exchange FTX has reportedly been hacked for almost $600 million, with FTX Community chat admin confirming the hack. FTX US General Counsel Ryne Miller is “Investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges.”

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2022-11-12T12:10:00+5:30

FTX Token Price Drops By 36%
The FTX Token on a constant decline after Binance’s CEO, CZ made a crucial announcement regarding the FTX crypto exchange.FTX token (FTT) price has dropped by another 36% in the last 24 hours. FTT is trading at an average price of $2.01, at the press time.

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2022-11-12T11:30:00+5:30

Crypto Market Slumps By 3%
The global cryptocurrency market registered a decline of more than 3% after witnessing a broad recovery on Friday. The cumulative market now stands at $839 billion.
Ther24 hour trading vol declined by over 34.3% to stand at $91 billion

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FIFA Unveils Range of New Web 3․0 Games Ahead of FIFA World Cup Qatar 2022™

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PRESS RELEASE. FIFA has unveiled a portfolio of new future-focussed web 3.0 games to entertain and engage a wider group of fans ahead of FIFA World Cup Qatar 2022™.
Gaming and esports are some of the fastest-growing opportunities for FIFA as it continues to expand into new digital spaces, platforms and games that are already welcoming football fans on to them.
With the communities growing organically, FIFA is expanding into new digital spaces – having earlier this year launched a landmark Roblox experience.
The new gaming integrations, all of which are designed with web 3.0 and the future of digital engagement in mind, are playable around the tournament and each have a unique twist on the globe’s biggest football tournament.
Among them are:
Altered State Machine – AI League: FIFA World Cup Qatar 2022 Edition
AI League is a 4-on-4 casual football game, played between AI-controlled characters, with player input at fun and tactical moments. Players act as the coach and owner of their AI teams and can improve their abilities through power-ups and training. Players can also collect and trade characters to create a team with their favourite talent combinations. The playing fields are set in stylized streetball locations around the world, from Paris to Rio, Yaoundé to Seoul.
Uplandme – FIFA World Cup Qatar 2022 in the Upland Metaverse
Upland is the largest blockchain-based metaverse mapped to the real world, where players can buy and sell virtual properties. Now they can collect official FIFA World Cup digital assets, including legendary video highlights of the tournament. They can travel to the replica FIFA World Cup Lusail Stadium and Village, shop for items representing their colours to customize their home in Upland, trade their assets with friends, and win one of many prizes.
Matchday – Matchday Challenge: FIFA World Cup Qatar 2022 Edition
Matchday targets the emotional high of football fandom through a highly engaging casual social prediction game based on football cards, where the essence of the fun is derived not just from “getting it right” but by being the best among your friends.
Phygtl – FIFA World Cup Qatar 2022 on Phygtl
Phygtl, a fan engagement mobile application that takes fandom into a new dimension. An immersive experience fans join forces on with the mission to co-create the global first fan generate digital reward. Fans can augment a golden-globe-football from the palm of their hands into their real-life environment, own a limited fragment of it to attach and eternalize their handpicked FIFA World Cup pictures and video moments. A digital representation of eternal fandom.
FIFA Chief Business Officer, Romy Gai, said: “This is a hugely exciting group of partnerships that we’ve entered into as we embrace a new, digitally-native football fan and engage with them in the spaces that we know they are already active within.
“As we continue to build our gaming strategy long into future, it’s certain that web 3.0 will have an important role to play, and this marks the start of our journey.”
All of the gaming opportunities complement with the newly launched FIFA+ Playzone and FIFA+ Collect, and more launches are planned in the future.

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FTX Hack: Almost $600 Million Transferred Out Of FTX Wallets

Crypto exchange FTX is witnessing millions of funds flowing out of FTX wallets. Almost $600 million in abnormal transfers have been reported in just a few hours, with some withdrawals being swapped from Tether to DAI. Ethereum, Solana, BNB LINK, AVAX, and MATIC tokens are reportedly being withdrawn by drainer.

FTX Community Chat admin dropped a message in the Telegram group saying that FTX has been hacked and FTX apps are malware. It warned users to delete the app and don’t go on the FTX website as it might download Trojans. However, it is not clear if the admin has resigned or not.
Foobar confirmed that somebody sent an on-chain message to the recipient account with 4byte selector “0x3d24a1ff”, which is the hash of the function name “Rug Pull All.” Some claims this is an insider job as an update was initiated with the motive to get all keys. Users are requested to not update or install the FTX app.
FTX US General Counsel Ryne Miller in a tweet said:
“Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it.”

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Moreover, many FTX users are also reporting that they are seeing $0 balances in their FTX.com and FTX US wallets. 
Meanwhile, FTX crypto exchange already filed for Chapter 11 bankruptcy. Sam Bankman-Fried resigned as CEO and named restructuring expert John J. Ray III as the new CEO.

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Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Japanese Regulator Slaps FTX Japan With Business Suspension Order

Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16.
Japanese Regulator Takes Action Against FTX Japan
Japan’s Financial Services Agency (FSA) announced Thursday that the Kanto Local Finance Bureau has taken action against FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s embattled crypto exchange FTX.com.
Three orders have been issued against the crypto exchange: a business suspension order, an order to hold assets domestically, and a business improvement order. FTX Japan must suspend operations from Nov. 10 to Dec. 9 and the exchange cannot accept new assets from clients during that time. The regulator has also ordered the company to submit a business improvement plan by Nov. 16.
The FSA announcement explains that FTX Japan’s decision to halt customer withdrawals without specifying a schedule for resumption, while acceptance of investors’ assets and crypto transactions continue, means the exchange does not have the necessary structure to provide crypto exchange services in a manner deemed appropriate under the Japanese standards.
FTX Japan cited its parent company’s policy for withdrawal suspension. “In accordance with the policy of the head office, we have temporarily suspended the withdrawal of crypto assets and the withdrawal of legal currency,” the exchange said Wednesday.
Responding to the business suspension order, FTX Japan informed its users Thursday that during the suspension period, services relating to new account opening, spot trading, fiat currency deposits, incoming crypto transfers, and derivatives transactions are halted.

Regarding the business improvement order, the exchange informed customers: “All employees, including the management team, will take this business improvement order seriously, formulate an improvement plan, and steadily implement it. In addition, we will make a company-wide effort to thoroughly comply with relevant laws and regulations and further strengthen our management system in an effort to regain the trust of our customers.” On Friday, FTX Japan announced that some Japanese yen withdrawals have been resumed.
The action taken by the Japanese regulator followed the dramatic downfall of Bankman-Fried’s crypto empire. He reportedly told FTX.com investors that his company needs an emergency cash injection or it may have to file for bankruptcy.
The Bahamas Securities Commission has frozen the assets of the Bahamian subsidiary of FTX.com and U.S. authorities are investigating the exchange for alleged mishandling of customer funds.

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What do you think about the Japanese financial regulator taking action against FTX Japan? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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FTX funds on the move: bankruptcy proceedings, insider threat or a hack?

The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to FTX Group — including FTX Trading, FTX US, West Realm Shires Services, and Alameda Research. Following the resignation of FTX CEO Sam Bankman-Fried and the revelation of the company’s intent to file for Chapter 11 bankruptcy, on-chain data hinted at the commencement of bankruptcy proceedings as multiple FTX wallets were found transferring funds over to a common Ethereum (ETH) wallet address.The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours starting at 9:20 PM ET on Nov. 11 and continued to see an influx of funds at the time of writing.With all eyes on FTX, the late-night fund transfers on a Friday night raised questions about the company’s intent. While some blockchain investigators saw it as the start of the bankruptcy process, speculations around ill-intent or an external hack surfaced across the crypto ecosystem.Or Sam wants to make it all back in one trade pic.twitter.com/p38fQ516Gv— Steven (@Dogetoshi) November 12, 2022The wallet owner was found swapping $26 million Tether (USDT) to DAI via 1inclh while approving USDP — a Paxos-issued stablecoin — for trade on CoW Protocol. As the situation unfolds, the wallet also approved transfers and sales of other cryptocurrencies, including Chainlink (LINK), cUSDT and stETH.The funds coming from FTX wallets were later moved to new addresses, out of which one of them was labeled as FTX on Etherscan, as pointed out by blockchain investigator PeckShield. A subsequent investigation also confirmed that 8,000 ETH was wormholed from Solana to one of the new addresses within the last hour.The involvement of a hacker, at this time, seems unlikely as they typically would have moved funds from FTX’s wallet to their own wallets. However, many pointed out the possible involvement of an insider. Until the dust settles, the community continues to monitor the movement of funds. However, investors are advised to avoid speculations until confirmed reports set in. FTX has not yet responded to Cointelegraph’s request for comment. Related: FTX’s ongoing saga: Everything that’s happened until nowAdding to investor’s concerns, FTX sources told Reuters that between $1 billion and $2 billion of client money is unaccounted for in the company’s spreadsheet. The unconfirmed report also suggests that SBF secretly moved $10 billion in funds to Alameda Research while pointing out that the whereabouts of missing funds remain unknown.

Could Medical Debt Be The Black Swan Event That Takes Down The US Economy?

Watch This Episode On YouTubeListen To The Episode Here:In this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by special guest Mike Hobart. He is an author at Bitcoin Magazine, a seed oil disrespecter and a former member of the United States military. Wilson, Olszewicz and Hobart open the episode by talking about what is currently happening in the investing space. Olszewicz states that there is currently no good news and we are seeing how rate hikes don’t work effectively. Wilson has observed people starting to question inflation and interest rates while seeing that there is a person responsible for them. He believes the solution is the Bitcoin mantra: rules without rulers. Hobart remarks that energy companies have the potential to have a significant impact on the acceptance of bitcoin as well. “I believe that we will get a lot closer after energy companies like Exxon[Mobil], Chevron and ConocoPhillips become vocal about how they are using bitcoin mining to help with their production numbers and revenue. I have noticed that everyone wants to treat Bitcoin like a stock and equity or as a heavy rock like gold. It is both of these things and neither at the same time. The more information that is put out about Bitcoin, the more understanding people will have, and the adoption rate will begin to grow even more exponentially.”Hobart closes the episode by sharing the threat medical debt has to our economy. “With the rest of the macroeconomic situation, the whole market is looking at housing because of 2008; oil, energy and gas because of Ukraine; as well as supply and shipping rates due to covid. I think the markets are going to have the black swan come from the health sector. In regard to diabetes, 10% of the population has diabetes, and 97 million people are prediabetic. About 40% of the population is or will be taking insulin. This does not account for all of the other metabolic diseases prevalent in society. There are trillions of dollars worth of medical debt in the United States, and nobody is talking about how this debt is going to affect the economy.”

LBank announces publishing of an auditable Merkle tree and Proof of Reserves (POF)

Global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a public statement on November 9th stating that the exchange hopes to facilitate industry transparency and built a strong foundation of trust between exchanges and investors. 
LBank stated in an announcement and Twitter post to their users that “We believe that it is crucial for tier-one cryptocurrency exchanges to publicly share their auditable Merkle tree proof of reserves or POF……This is an important step in building fundamental trust in the industry, and at the same time, it is also an important means to ensure the transparency of user assets.”  LBank believes that taking this step will be crucial in helping investors regain trust in the market and hopes that more exchanges will take similar steps to help with this effort.
Merkle trees are used to help users easily verify specific transactions. It can reassure investors that the crypto holding is using public blockchain information. Crypto exchanges can provide accurate proof of held balances and strengthen the trust of users. Since recent events, many have taken to this path to avoid unnecessary speculation.
LBank believes that these measures will give users the transparency they need to get through recent turbulent times. “We can’t simply ask people to take our word for things, this change is a great thing that will give investors what they need and deserve. LBank values our relationship with our users more than anything. We hope this will tie us closer to our users and communities” an LBank representative stated.  
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.
Start Trading Now: lbank.com 
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