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into
Brokers targets are about as useful as piscine in the wind
PS - aye hindsight, best not to look back but keep on running. Only another 25 miles to go.
PS - never wrong to sell in profit. Looks like there will be a lot of volatility in markets going forward, which should offer up plenty of opportunities.
grassy ass
PS - the legs starting to already, grab an energy bar.
PS - don’t forget to use the water stations.
HC - a placing is 99.9% likely imho, they are selling everything they mine plus from the Hodl at current BTC prices. Hodl now 101 from 115 in Jan 23.
Toru Hanai / Reuters
Bitcoin experienced a 5% drop in the past week as traders speculate that upcoming creditor payouts from the bankrupt MT Gox exchange could impact the cryptocurrency market.
The civil rehabilitation trial surrounding the Tokyo-based bitcoin exchange has concluded and payouts to creditors are scheduled to begin this Friday, March 10.
However, there are fears that the 142,000 bitcoin to be released to creditors could be dumped on the market as soon as they become available.
The magnitude of a possible $3bn bitcoin payout has led crypto-analysts to warn of a possible market shock where recipients dump their newly acquired bitcoin en masse after taking back ownership of their coins.
The amounts to be dispensed are 142,000 BTC (BTC-USD), 143,000 bitcoin cash (BCH-USD), and 69 billion Japanese yen (JPY=X).
However, the total amount of assets to be paid out to creditors after the 2014 hack of the MT Gox exchange will not be released to creditors immediately, but at stages over the coming months.
Any resulting increase in bitcoin supply could drive prices lower at a time when the market is already facing stern headwinds from the recent problems at Silvergate bank, and the upcoming Shanghai upgrade of the Ethereum network (ETH-USD).
Stock in the crypto-friendly Silvergate bank (SI) is down 95% over the past year, and it is facing US regulatory probes due to the collapse of significant clients such as FTX and related hedge fund Alameda Research.
Ethereum's Shanghai upgrade will allow those who have 'staked' their ether to withdraw it, giving them the option to sell on the market again. Staking is the process of locking ether on the blockchain for a set amount of time to validate the network.
The MT Gox creditors have waited nearly a decade to get a portion of their money back after hackers stole 850,000 bitcoin from the MT Gox exchange in 2014.
Only a portion of the total amount of stolen bitcoin has been retrieved, resulting in a pay-out of only 21% of each creditor's original claim.
With headwinds increasing, both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,416, and ether at $1,569.
Hari
Rf - rest easy if they sold nutrition, it would be the company committing hair kari.
Bitcoin falls 5% overnight to $22,300—after touching $25,000 last month—as Silvergate troubles weigh on price
Bitcoin’s wings were clipped overnight as it fell 5% and dropped to a 16-day low of $22,267.
The price on Friday morning recovered slightly, to about $22,300, while the second-most-popular cryptocurrency, Ether, had fallen about 3.5%, to $1,567, over 24 hours.
The lackluster day for the world’s most popular cryptocurrency is a setback for investors who seemed increasingly hopeful that it would soon cross the $30,000 threshold, a feat not accomplished since May. Last month, Bitcoin briefly broke $25,000 after months below that level.
Partly to blame for Bitcoin’s nosedive on Friday are the negative results from crypto-focused bank Silvergate Capital. The firm reported a net loss of $1 billion on Tuesday, and on Thursday, the biggest U.S.-based exchange, Coinbase, said it would no longer accept or initiate payments to or from Silvergate. New York-based crypto company Paxos also distanced itself. Silvergate’s stock has crashed more than 60% over the past five days.
Still, Michael Safai, a managing partner at the crypto trading firm Dexterity Capital, said in a statement to Fortune that the market effects of the Silvergate news should be short lived.
“This is news we knew about for the entirety of the U.S. trading day, but it wasn’t until Asia came on that things started to plunge,” Safai said in the statement. “It’s more a case of jaded traders digesting the news and not wanting to be left holding any potential ticking time bombs, but not understanding how this differs from the collapses of 2022.”
Unlike the collapse of FTX, which led to its own steep decline in the price of Bitcoin, Silvergate is not a key source of liquidity for the crypto ecosystem.
“Silvergate’s direct impact on market liquidity is very marginal at best, and any impact would be psychological rather than material,” Safai added.
Yet, the psychological effects of Silvergate’s fall from grace could still greatly affect the fragile crypto market. A series of collapses from crypto hedge fund Three Arrows Capital to FTX, along with the frostbite of Crypto Winter, have plagued the industry over the last year. Bitcoin, which makes up just under half of the total crypto market share, is down 47% year-over-year, while Ether is down about 40% over the same period.
If Bitcoin fails to defend the $22,000 mark, it could shatter hopes of a recovery in the coming months, Bitbank crypto analyst Yuya Hasegawa wrote in a note.
“The next stop will likely be around $21.4k, where its February low and November high are converging,” Hasegawa wrote.
PI - thanks.
Ruck also pointed to the release of some of Mt. Gox’s bitcoin, which would increase its circulating supply, as another source of volatility.
Could be a long wait for that golden cross that was close to forming if the above is true.
Lord Jonathan Hill proposed new rules to relax requirements for companies to offer at least 25% of their shares for public purchase in order to list, as well as allowing companies to issue shares with reduced voting rights - favoured by business founders who want to raise money without losing control of their company.
The so-called Edinburgh reforms announced late last year included some of these along with a new duty for regulators to consider competitiveness when policing the markets.
In response to Arm's decision to seek a US share listing, the government said: "The UK is taking forward ambitious reforms to the rules governing its capital markets, building on our continued success as Europe's leading hub for investment, and the second largest globally.
"We continue to attract some of the most innovative and largest companies in the world."
London staged something of a fightback in 2021, with its best year for new public listings since 2007. But before we start high-fiving and cheering New York-style, bear in mind that 20 times as many companies raised 50 times as much money in the US - in the same period.
Just this week, the chief executive of a large international bank told me he remained confident that London and the UK would remain an attractive place for companies to raise money. The old virtues of time zone, language, trusted English law and a deep pool of talent remain valued.
But for many companies, new and old, the most important value is the worth of their company, and as long as its worth more in a US shop window, the more companies will want to be displayed there.
It's over a year since UK hedge fund boss Sir Paul Marshall declared that London was becoming a financial "Jurassic Park" - full of beasts of a bygone era.
Old-fashioned companies and old-fashioned investors who prized dividends over growth and who had therefore missed the greatest era of wealth creation in over a century as US-listed tech companies commanded high valuations for their growth prospects.
Although US big tech has had a reality check since then as rising interest rates reduce the value of future earnings - hitting share prices - if anything the allure of US stock markets has seemingly become more seductive.
This week, chip designer Arm Holdings, once the crown jewel of UK technology, decided its future lay as a US-listed company having been bought seven years ago by a Japanese investment fund.
Arm's decision comes despite intense lobbying to list here from UK politicians - including former Goldman Sachs banker Rishi Sunak.
Arm is not alone in going west for greater fortune.
Huge Irish-based building materials company CRH is also moving its primary listing from London to New York, which often offers higher valuations and higher trading volumes - an attraction for investors as they can buy and sell more easily without affecting the price.
For example, daily trading in Apple shares alone is almost double the value of all trading on the London Stock Exchange.
Some high-profile UK public share sales have also flopped in recent years. Food delivery company Deliveroo shares are down 71% since they first listed in the UK and one of its first shareholders, Dan Rimer of Index Ventures, has told the BBC that if he had his time again he would have voted for a US listing.
Companies going cheap on a market that's lost some pizzazz have also attracted bargain hunters. Private investment funds that see UK shares as undervalued have swooped on publicly listed companies - defence contractors Meggit and Ultra, supermarket Morrisons, technology company Aveva and others have ended in private, mostly foreign, hands.
UK investors are also shunning UK listed companies. Over the past two decades, the percentage of UK pension fund assets invested in UK companies has fallen from over 40% to under 5%. They too prefer to do their shopping abroad.
Does it matter? Pension funds, or individual investors, can buy shares whether they are listed in the UK, US or one the European exchanges.
But a UK listing generates significant ancillary business for a UK financial services industry that still makes up more than 10% of the UK's entire economy and contributes more than 10% of all taxes paid here.
Accountants, lawyers, financial PR firms and others feed off the fees that UK listings generate.
The exodus has not gone unnoticed by the government. It has been scrambling to try to make the UK a more attractive place for companies to set out their stall.
their shares for public purchase in order to list, as well as allowing companies to issue shares with reduced voting rights - favoured by business founders who want to raise money without losing control of their company.
The so-called Edinburgh reforms announced late last year included some of these along with a new duty for regulators to consider competitiveness when policing the markets.
In response to Arm's decision to seek a US share listing, the government said: "The UK is taking forward ambitious reforms to the rules governing its capital markets, building on our continued success as Europe's leading hub for investment, and the second largest globally.
"We continue to attract some of the most innovative and largest companies in the world."
London staged something of a fightback in 2021, with its best year for new public listings since 2007. But before we start high-fiving and cheering New York-style, bear in mind that 20 times as many companies raised 50 times as much money in the US - in the same period.
Just this week, the chief executive of a large international bank told me he remained confident that London and the UK would remain an attractive place for companies to raise money. The old virtues of time zone, language, trusted English law and a deep pool of talent remain valued.
But for many companies, new and old, the most important value is the worth of their company, and as long as its worth more in a US shop window, the more companies will want to be displayed there.
It's over a year since UK hedge fund boss Sir Paul Marshall declared that London was becoming a financial "Jurassic Park" - full of beasts of a bygone era.
Old-fashioned companies and old-fashioned investors who prized dividends over growth and who had therefore missed the greatest era of wealth creation in over a century as US-listed tech companies commanded high valuations for their growth prospects.
Although US big tech has had a reality check since then as rising interest rates reduce the value of future earnings - hitting share prices - if anything the allure of US stock markets has seemingly become more seductive.
This week, chip designer Arm Holdings, once the crown jewel of UK technology, decided its future lay as a US-listed company having been bought seven years ago by a Japanese investment fund.
Arm's decision comes despite intense lobbying to list here from UK politicians - including former Goldman Sachs banker Rishi Sunak.
Arm is not alone in going west for greater fortune.
Huge Irish-based building materials company CRH is also moving its primary listing from London to New York, which often offers higher valuations and higher trading volumes - an attraction for investors as they can buy and sell more easily without affecting the price.
For example, daily trading in Apple shares alone is almost double the value of all trading on the London Stock Exchange.
Some high-profile UK public share sales have also flopped in recent years. Food delivery company Deliveroo shares are down 71% since they first listed in the UK and one of its first shareholders, Dan Rimer of Index Ventures, has told the BBC that if he had his time again he would have voted for a US listing.
Companies going cheap on a market that's lost some pizzazz have also attracted bargain hunters. Private investment funds that see UK shares as undervalued have swooped on publicly listed companies - defence contractors Meggit and Ultra, supermarket Morrisons, technology company Aveva and others have ended in private, mostly foreign, hands.
UK investors are also shunning UK listed companies. Over the past two decades, the percentage of UK pension fund assets invested in UK companies has fallen from over 40% to under 5%. They too prefer to do their shopping abroad.
Does it matter? Pension funds, or individual investors, can buy shares whether they are listed in the UK, US or one the European exchanges.
But a UK listing generates significant ancillary business for a UK financial services industry that still makes up more than 10% of the UK's entire economy and contributes more than 10% of all taxes paid here.
Accountants, lawyers, financial PR firms and others feed off the fees that UK listings generate.
The exodus has not gone unnoticed by the government. It has been scrambling to try to make the UK a more attractive place for companies to set out their stall.
Lord Jonathan Hill proposed new rules to relax requirements for companies to offer at least 25% of their sh
In btc last night?
PS - remember it’s a marathon not a sprint.
Gh - it’s definitely a conversation that would lead "Down the rabbit hole" strange going on’s to be found down there.