Crypto Currency

ONFO Announces Bitcoin Treasure Hunt

ST LOUIS, MO, USA, Jun 25, 2021 – (ACN Newswire) – Ten videos, a private key, and one Bitcoin. The hunt is on. The ONFO project is announcing the launch of a series of educational videos on cryptocurrencies on its official YouTube channel. The 10 videos will be delving into the inner workings of the…

ST LOUIS, MO, USA, Jun 25, 2021 – (ACN Newswire) – Ten videos, a private key, and one Bitcoin. The hunt is on. The ONFO project is announcing the launch of a series of educational videos on cryptocurrencies on its official YouTube channel. The 10 videos will be delving into the inner workings of the crypto market and the details of the underlying technologies. The private key is hidden somewhere in the videos, all 10 videos must be seen in order to find the private key to enter the wallet at and claim the prize of 1 BTC.The video episodes will be released on a periodic basis. Through the videos, the ONFO project is seeking to help its viewers understand cryptocurrencies as an asset class with the treasure hunt acting as an analogue of Bitcoin mining by its essence of identifying the correct combination of phrases akin to mathematical formula calculation.The need for proper explanation of cryptocurrencies is vital to ensure timely onboarding of new users and their assimilation into the digital economy of the future. Considering the ongoing processes of digital transformation and transition to decentralized Web 3.0, the founders of the ONFO project believe that the series of educational videos will allow community members and newcomers to the world of cryptocurrencies better understand the underlying potential of digital assets.Given the low level of penetration of information regarding the possibilities and opportunities of digital assets, many potential users are being left outside the industry. This results in slower onboarding of new users and the hampering of digital transformation in the global economy.The ONFO project releasing the series of videos is a social network mining decentralized cryptocurrency platform founded by Dr. J.R. Forsyth, who has been involved in the cryptocurrency industry since its advent and has in-depth understanding of the technology. As a skilled and seasoned speaker, Dr. Forsyth is considered one of the world’s leading experts on cryptocurrencies and will be giving insights into his expertise in each of the videos.”I will be talking about Satoshi Nakamoto, the mysterious inventor of Bitcoin, in the video docu-series. Each segment is relatively short. In these new videos, there will be a Bitcoin private key hidden somewhere “in plain sight”. That private key will unlock 1 whole Bitcoin that will go to the first person who discovers the key. It is a bit of a treasure hunt. The series will be released one by one on YouTube. I am the only person on the planet that knows where the private key is hidden and I will die with the secret if I have to,” as Dr. Forsyth commented on the announcement.As a fervent adherent of decentralized technologies, Dr. Forsyth is intent on taking part in the episodes, revealing and explaining the details of the crypto market with insight into his extensive experience of working in the industry. The launch of the first episode is scheduled for June 25th of 2021 with details and specifics slated to follow in the near future.ONFO project https://onfocoin.com/ YouTube channel (The first episode)https://www.youtube.com/watch?v=YMl3-AfBBvs Find the private key to this wallet – https://www.blockchain.com/btc/address/157dpLJgAAKugukKz8UwBHapM4idyZvnLcMedia ContactAlyona Karpinskaya PR Blockchain +380937646333 a.sergeeva0003@gmail.comThis press release is issued through EmailWire.Com (www.emailwire.com) – a global newswire with press release distribution services. Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
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Crypto Currency

Meme coins remain under pressure as Dogecoin extends losses

Key takeaways Dogecoin extends its correction on Monday as memecoins record huge losses. DOGE could drop below $0.10 if the bearish trend persists.  Memecoins record huge losses The cryptocurrency market opened the new weekly candle bearish, with Bitcoin (BTC) slipping below the $77,000 level on Monday and risk appetite deteriorating across digital assets. Meme coins


Dogecoin risks dropping below $src.1srcsrc

Key takeaways

  • Dogecoin extends its correction on Monday as memecoins record huge losses.
  • DOGE could drop below $0.10 if the bearish trend persists. 

Memecoins record huge losses

The cryptocurrency market opened the new weekly candle bearish, with Bitcoin (BTC) slipping below the $77,000 level on Monday and risk appetite deteriorating across digital assets.

Meme coins started the week on a weak footing as the broader cryptocurrency market continued to struggle. Dogecoin, Shiba Inu, and Pepe all remain vulnerable to further downside after heavy selling pressure emerged following last week’s market correction.

DOGE is down by 5%, making it the worst performer among the top 10 cryptocurrencies by market cap. 

Dogecoin briefly rallied last week and retested the important weekly resistance zone near $0.119 on Thursday before sellers regained control.

The rejection triggered a fresh wave of downside pressure, with DOGE falling nearly 6% through Sunday and extending losses further on Monday as the token traded below the $0.106 level.

Technical outlook: DOGE risks a deeper correction below key EMAs

The DOGE/USD 4-hour chart is bearish as the leading memecoin has dropped below major support levels. 

If DOGE closes the daily candle below the 100-day Exponential Moving Average (EMA) near $0.106, selling pressure could intensify toward the 50-day EMA around $0.103.

A decisive breakdown below that support area may expose the previous trendline breakout region near $0.090, which now acts as the next major downside target.

Momentum indicators continue to reinforce the bearish outlook for Dogecoin. The Relative Strength Index (RSI) on the 4-hour chart currently sits near 41, slipping below the neutral 50 threshold and signaling that bearish momentum is beginning to strengthen.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator confirmed a bearish crossover on Saturday, a signal that remains active and continues to support downside risk in the near term.

Despite the bearish setup, Dogecoin could still attempt a short-term rebound if buyers successfully defend the 100-day EMA support near $0.106.

DOGE/USD 4H Chart

A sustained hold above that level may allow DOGE to recover toward the key weekly resistance zone around $0.119.

However, broader market sentiment, particularly Bitcoin’s direction, is likely to remain the dominant driver for meme coin price action in the near term.

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Crypto Currency

Bitcoin slides below $76,800 as ETF outflows and inflation fears pressure crypto markets

Key takeaways BTC dips lower for a fourth straight day on Monday after losing nearly 6% the previous week. US-listed BTC spot ETFs record a weekly outflow of $1 billion, the highest in three months. Bitcoin (BTC) remained under pressure on Monday, trading below $77,000 after declining nearly 6% last week, as persistent spot ETF


Bitcoin drops below $77k

Key takeaways

  • BTC dips lower for a fourth straight day on Monday after losing nearly 6% the previous week.
  • US-listed BTC spot ETFs record a weekly outflow of $1 billion, the highest in three months.

Bitcoin (BTC) remained under pressure on Monday, trading below $77,000 after declining nearly 6% last week, as persistent spot ETF outflows and stronger-than-expected US inflation data dampened investor appetite for risk assets.

The latest decline marks Bitcoin’s fourth consecutive day of losses, with the cryptocurrency continuing to retreat after failing to sustain momentum above the key $82,000 resistance zone.

Hot US inflation data boosts hawkish Fed expectations

Bitcoin’s recent weakness accelerated following hotter-than-expected US inflation data released last week, alongside stronger US retail sales figures that reinforced expectations for a more hawkish Federal Reserve.

The renewed inflation concerns strengthened the US dollar and pushed Treasury yields higher, creating additional pressure on risk-sensitive assets such as cryptocurrencies.

Higher interest rate expectations typically reduce market liquidity and shift investor capital toward safer, yield-generating assets, limiting demand for speculative markets like Bitcoin.

The rejection near the $82,000 level also triggered additional profit-taking from short-term holders, intensifying the correction.

Institutional demand for Bitcoin also weakened notably last week. According to data from CoinGlass, US spot Bitcoin exchange-traded funds recorded net outflows of approximately $1 billion last week, marking the largest weekly withdrawal since late January.

The sharp reversal in ETF flows signals a cooling of institutional sentiment after several weeks of strong inflows that had previously supported Bitcoin’s rally.

If ETF outflows continue in the coming sessions, analysts warn that Bitcoin could face additional downside pressure.

Bitcoin price outlook: Bulls failed to take out a key resistance level

The BTC/USD 4-hour chart is bearish after Bitcoin’s price was rejected near the 100-week Exponential Moving Average (EMA) around $82,289.

BTC also closed last week below the 61.8% Fibonacci retracement level near $78,490, measured from the October all-time high of $126,199 to the February low around $60,000.

The breakdown below those key technical levels has shifted momentum firmly lower. If selling pressure persists, Bitcoin could extend losses toward the major psychological support level at $75,000.

On the weekly chart, momentum indicators remain mixed but increasingly cautious. The Relative Strength Index (RSI) slipped below the neutral 50 level and currently sits near 35, signaling a strong bearish momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is also in the negative region, suggesting that the bears are in control. 

If the bearish trend persists, immediate support sits near the clustered 50-day and 100-day EMAs below current

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Crypto Currency

Bitcoin Depot Files for Bankruptcy as Regulatory Pressure and Revenue Collapse Force Shutdown of 9,000 ATMs

Bitcoin Depot North America’s biggest Bitcoin ATM firm has reached an important point in its journey by submitting for Chapter 11 bankruptcy. This news represents a sharp decline for a firm that was once at the forefront of retail crypto access, but is now gearing up to methodically turn off more than 9,000 devices globally…

Bitcoin Depot North America’s biggest Bitcoin ATM firm has reached an important point in its journey by submitting for Chapter 11 bankruptcy. This news represents a sharp decline for a firm that was once at the forefront of retail crypto access, but is now gearing up to methodically turn off more than 9,000 devices globally…
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Crypto Currency

Japan Brokerages Build Crypto Funds as 2028 Reform Nears

Japan’s SBI Securities and Rakuten Securities are preparing in-house crypto investment trusts as regulators move toward allowing bitcoin and ether funds for retail brokerage accounts. The post Japan Brokerages Build Crypto Funds as 2028 Reform Nears appeared first on Crypto News Australia…

Japan’s SBI Securities and Rakuten Securities are preparing in-house crypto investment trusts as regulators move toward allowing bitcoin and ether funds for retail brokerage accounts.
The post Japan Brokerages Build Crypto Funds as 2028 Reform Nears appeared first on Crypto News Australia…
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