Cybercriminals use various ways to hide their [misdeeds](/news/article/cryptocurrency-crime-rise), such as masking their transaction history and [laundering money](/news/article/crypto-aml) through cryptocurrencies. Fortunately, investigators are now well-equipped with fraud detection tools and software, including the Bitcoin extractor. 

This article explores what BTC extractors are and how they work to extract addresses from numerous data sources. 

## What is a Bitcoin extractor? 

It is a tool designed to obtain BTC addresses from a string of text or code. Addresses can be extracted from numerous sources, such as text documents, websites, emails, chat logs, and images. The primary function of a BTC address extractor is to locate strings of characters that match the structure of a Bitcoin address.  

Moreover, these scripting tools can work for deducing both public and private keys. These tools can scan any data source and gather crypto addresses from them. After that, they present the output in a CSV file to easily be used to track transactions or recover stolen assets. 

## How does a Bitcoin extractor work? 

These extractors rely on different types of machine-learning algorithms that are trained to detect crypto addresses. Generally, the first stage in gathering BTC addresses is pattern recognition. They get familiar with the alphanumeric structure of a BTC address and look for patterns in them.  

Secondly, the tools thoroughly scan sources to find strings that fit the recognised pattern. The scanning then reveals potential BTC addresses, but there can be some false positives, too.  

Some tools may also run multiple verification checks to ensure that the outcome they provide is a genuine Bitcoin address. The verification process may include performing cryptographic calculations. 

Finally, the extractor compiles the list of all the addresses found in the source data in a CSV file. It also includes the file path where the address was found, along with a globally unique identifier (GUID). Users can then use this list for various purposes, such as verifying transactions, conducting audits, or managing user accounts. 

## What is Nuix Bitcoin Extractor? 

It is a [Bitcoin extractor](https://github.com/Nuix/Bitcoin-Extractor) designed by the UK South West Regional Cyber Crime Unit (SWRCCU). It is one of the most trusted tools for obtaining BTC addresses and public and private keys (xPubs/xPrvs). 

Nuix is a powerful software that relies on the data indexed by Nuix Workstation and can locate help in fraud investigations. 

It is a Ruby script developed for scanning plain texts. However, it can work with varying datasets from cloud storage, smartphones, laptops, or other devices. For pattern recognition, it uses a regular expression method that helps find the hidden addresses in the source data. 

After that, Nuix uses a Python script to validate the output. It can also gather further details like transaction history, wallet balance, and throughput value. Then, it sorts out all the findings and presents them in a CSV format.  

## Why do we need a BTC extractor? 

A BTC key extractor can be used for a wide range of purposes. Here are a few of them: 

1. It can be used for fraud detection as it can detect an address involved in fraud.  
2. Forensics can use it to find an address from retrieved data that may be helpful in asset recovery. 
3. Investigators can use it to track the flow of Bitcoins between different wallets to prevent illegal activities.   
4. You can track your own transactions, which can help manage personal finances.  

## Final thoughts 

A Bitcoin address extractor is a valuable tool that enhances the efficiency of handling Bitcoin addresses. 

Recognising and validating addresses from various sources empowers you to verify transactions, prevent fraud, and ensure accuracy. You can also manage your finances through these tools by keeping track of transactions. 

What is a Bitcoin extractor and how does it work? 

The cryptocurrency market may resemble the Wild West. However, many people interested in leaving the league of nobodies and becoming champions of finance are still considering joining the world of automated crypto trading platforms. If you're wondering whether it's worthwhile making a beeline for a chance to earn from crypto trading, read our Bitcoin Champion review to learn more about the app. 

## What is Bitcoin champion? 

Bitcoin Champion is a modern-day computerized crypto trading app that integrates artificial intelligence (AI), machine learning (ML), and an intelligent algorithm to enable users to execute smart and intelligent investments. 

The platform has a great user interface that is safe and easy to use. It's equipped with [crypto trading](/news/article/altcoin-trading-tips) bots besides supporting trading in different assets at numerous markets and cryptocurrency exchanges. 

According to the platform’s [website](https://the-bitcoinchampion.com/), its trading bots offer incredible trading accuracy at 99%, making it easy for users to rake in profits. Using these high win-rate robots guarantees registered users a huge return on investment from automated trading sessions. 

Moreover, these smart robots can outsmart rivals in at least 0.01 seconds, meaning traders can easily predict price fluctuations and make informed trading decisions. In addition to crypto asset trading, the AI-powered application facilitates investments in other assets via online brokers.   

## How it works 

The Bitcoin Champion app is programmed to automatically execute trading and investment for different digital assets using state-of-the-art AI and ML technologies. 

The app's inbuilt robots are designed to make lucrative buying and selling decisions within live trade and investment sessions using the following automated agents: 

## Cryptocurrency trading robot 

The platform's AI-driven robots conduct trading in crypto pairs on behalf of a user by performing fundamental crypto market technical analysis to open and close trading positions based on cryptanalysis reports. Once they detect a potentially lucrative business deal, the robot automatically signals a trader to execute the deal and make a killing, all happening in the twinkling of an eye. 

The best thing about this Bitcoin auto-trader is the ability to perform high-frequency profitable trades before a sudden price fluctuation changes the position and hampers a deal. The Bitcoin Champion bot stays ahead of other bots by at least 0.01 seconds, which can mean a great deal in the highly volatile cryptocurrency market. 

## Online regulated brokers 

The platform integrates trustworthy and regulated brokers approved by leading global financial authorities to manage the investments and returns of their registered investors. 

Once investors deposit funds into their Bitcoin Champion account, the brokers carefully invest them into different profitable schemes. Investors can get in touch and discuss their investment portfolios or receive reports from their designated brokers on the phone.    

## How to start trading at Bitcoin Champion 

The app's easily-navigable and user-friendly interface enables even newbies to join and conduct trading via the bot and brokers. 

Following is the step-by-step process of becoming a trader via the platform: 

Step 1: Registration: The sign-up process involves opening an account on the platform by inputting your name, email address, and phone number. You’ll need to set a strong password alongside your credentials before you can begin trading. 

Step 2: Conduct a demo trade: Whether you're a newbie or an expert, you should conduct a demo trade by opening a free Demo account to sharpen your skills without any financial commitment. The demo period is your time to learn the market and analyze price fluctuation trends before venturing into the live market.   

Step 3: Deposit the required amount: There's a minimum requirement of at least $250 before you can begin trading, but you can always put in more. The low minimum deposit is intended to accommodate those traders who are on a budget or not sure but still want to try their hand in the volatile cryptocurrency market. Deposits are as low as $250, but users can go as high as $15,000. 

Step 4: Take part in live trading in the cryptocurrency: Once you've armed yourself with a Bitcoin Champion account and a few strategies via the demo trading, you can comfortably step into the live market and cryptocurrency exchanges by activating the crypto trading robots. While having technical knowledge is not a prerequisite, it's important to understand the technical details so you can comfortably monitor the trading robots. You can trade at least 15 different cryptocurrencies Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash. The app supports traditional currencies like the US dollar (USD), Euro (EUR), and British pound (GBP). 

## Pros and cons 

### Pros 

- Easy-to-use and fast registration process. 
- User-friendly intuitive interface. 
- Automatic and manual modes are available. 
- No hidden fees or costs. 
- Robust and responsive customer care. 
- The demo account offers Bitcoin trading strategies. 

### Cons 

- Slow withdrawal process. 
- The website and user interface are not distinctive.
- A long list of restricted countries. 

## Conclusion 

Bitcoin Champion is legitimate in the way it functions, and according to available information and user testimonials, the app offers fine algorithms that precisely follow industry trends and prices. 

The platform works efficiently, and its robots automatically execute trade and investment transactions. However, like with all investment forms, do your research to avoid[ scams](/news/article/bitcoin-scams) and only invest as much money as you're comfortable losing. 

Bitcoin champion logo on blue background image of coins

Bitcoin Champion app review 2023 – scam or legit?

Here, we introduce the [Bitcoin Edge Wallet](https://edge.app/), which may be the ideal wallet for safekeeping your crypto. 

Cybercrime is a burgeoning issue in the crypto market that has swept more than $600 million worth of digital assets from the market. As a result, investors are on the constant lookout for a secure option for keeping their crypto. However, due to the multitude of options available in the market, picking the right one could be tricky.  

Introducing Edge. 

## What is Bitcoin Edge? 

Edge wallet is a digital wallet that you can use for storing all your cryptocurrencies. It is an app-based platform that keeps your assets safe and gives you a seamless interface to manage them. It allows you to safely trade your assets while keeping control with you. 

The wallet lets you buy and sell more than 130 coins on its app. Meanwhile, you can secure access to the wallet by setting up a biometric or a PIN login. You can also easily switch devices because of its auto-sync feature. 

## Create an account on Bitcoin Edge in 6 steps 

Here's how you can create an account on the app: 

1. Visit the app store, find the app, and download it. 
2. It will show a 'get started' option; select it to go to the page to set up a username and password. 
3. Type in the username and enter a password by following its guidelines for using certain characters.  
4. Add a unique four-digit PIN for your account to add a protective layer for accessing it. 
5. After that, it will show you your account details. It is crucial to note and keep it safe, as you may lose access to your account without it.  
6. Once done, review the wallet's terms and conditions and proceed with 'Confirm & Finish'. 

Finally, your Edge account will be ready to use. You can view the dashboard and two wallets on it. Initially, it gives two options: My Ether and My Bitcoin. But you can add other wallets per your preference.  

## How to buy Bitcoin with Edge Wallet 

To purchase Bitcoin with Edge Wallet, go to 'Buy' at the bottom of the screen. 

![Edge app screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Edge_app_screenshot_5723449ce1.png)

Multiple payment options will appear on the screen when you select it, including bank transfer, credit or debit card, Apple Pay, and others. You can choose any of them as per your preferences. 

Once you select a payment method, the app will guide you through the purchasing process. Follow the directives and pay the amount to buy the BTC. After that, the payment will be accepted, and the app will transfer the BTC to your account.  

Buying crypto through these payment methods is one of the most convenient options, allowing you to buy directly from the app. However, you have to pay an extra fee to enjoy this convenience.  

There are several other options to buy crypto aside from Bitcoin Edge. A common among them are centralised exchanges like[ Coinbase](/news/article/coinbase-review-uk), Binance, or [Kraken](/news/article/kraken-review). You can also purchase BTC from decentralised exchanges like Uniswap, [PancakeSwap](/news/article/what-is-pancakeswap), or [Trader Joe](/news/article/trader-joe-xyz-launches-amm). Regarding the transaction fee, cryptocurrency exchanges are the cheapest among all other options for buying crypto.  

Apart from using a [cryptocurrency exchange](/news/article/what-is-a-cryptocurrency-exchange), you can also opt for peer-to-peer (P2P) transfers. It lets you buy or sell crypto directly from another trusted person. This type of trade is facilitated by various payment gateways like PayPal, ACH transfer, Venmo, and others.  

## Final thoughts 

Bitcoin Edge is a powerful mobile wallet for securely managing and trading more than 100 cryptocurrencies on one intuitive platform. The app's intuitive interface is easy to get acquainted with and make trades whenever you like. 

Furthermore, the app can easily auto-sync with any of your devices so that you can manage your assets seamlessly. It also maintains a high level of security by letting you add a PIN or biometric for every wallet on the app. 

In this article, we covered how to create an account on Edge and use it to buy Bitcoins. You can confidently set up and navigate the wallet by following these simple steps. 

Bitcoins falling out of edge wallet on a desk

What is the Bitcoin Edge Wallet and how do you use it? 

Jake Paul, the Bitcoin investor and professional boxer, recently made headlines in the crypto space. Paul, along with several other renowned figures such as [Lindsay Lohan](/news/article/lindsay-lohan-faces-charges-from-sec) and DeAndre Cortez Way, faced charges from the US SEC [for promoting securities](/news/article/us-sec-regulation).  

The SEC issued a statement about the case in a press release on 22 March, 2023. It signified that Paul and eight other celebs endorsed two unregistered crypto securities, BitTorrent (BTT) and Tronix (TRX). Allegedly, Paul was specifically involved with the TRX tokens' promotion introduced by the Tron Foundation Limited.  

However, the US financial watchdog and the digital content creator turned boxer immediately devised a settlement plan.  

## Paul negotiated a settlement of $400,000 with the SEC 

According to an [ESPN report](https://www.espn.in/boxing/story/_/id/35920648/sec-charges-jake-paul-unlawful-promotion-crypto-assets), the settlement terms from the SEC included the payment of $400,000 as penalties and interests. The amount was set to pay for the charges for promoting a cryptocurrency without explicitly mentioning that the company behind the coin paid them. Paul and other celebrities who were also charged with the breach of SEC laws agreed to pay the settlement amount.  

The financial regulatory body alleged that the prizefighter endorsed the TRX tokens for compensation in cryptocurrencies worth $25,019. For pressing the charges against Paul, the SEC referenced his Twitter post from 12 February, 2021. Paul was replying to the Rapper Lil Yachty in the tweet and mentioned #TRX with a rocket emoji. 

Supposedly, the tweet was sponsored and influenced people to invest in the token. Due to this reason, regulators filed charges against Paul and other famous figures. However, the prizefighter denied the charges even after the deal. 

## A lawsuit against Justin Sun and his three companies  

The SEC also filed charges against the companies behind TRX and BTT tokens, namely Tron Foundation Ltd., Rainberry Inc., and BitTorrent Foundation Ltd. All of these companies were set up by a prominent entrepreneur in the crypto space, Yuchen Justin Sun. According to the filing, these companies sold unregistered securities to their customers. 

Apart from that, the charges against Sun included using wash trading and deceptive tactics to manipulate the market. Allegedly, Sun and his companies were selling and purchasing their tokens at almost the same time to fraudulently maintain the trading volume of the tokens in the market.  

They used this scheme only to maintain the tokens' price and compensate the celebrities. Meanwhile, other media figures named in the case were Lindsay Lohan, Soulja Boy, Kendra Lust, Rapper Lil Yachty, Austin Mahone, Akon, and Ne-Yo.  

Among these celebrities, only Austin Mahone and Soulja Boy are the ones who did not agree to the SEC settlement. 

## Jake Paul Bitcoin and crypto shilling 

Jake Paul is an infamous American media personality who started his boxing journey in 2018. In recent years, the boxing star also became quite popular in the cryptocurrency world because of his investments in cryptocurrencies as well as non-fungible tokens (NFTs). The Jake Paul Bitcoin association began about two years ago, when he revealed in [a BitBoy Crypto podcast](https://www.youtube.com/watch?v=Ezffg0qtAXA) that he invested in BTC when it was only worth $100, and he has been hodling the asset since then.  

The tweet for Tronix was not the first instance when the boxer endorsed a cryptocurrency. He is often introduced as a rising crypto influencer in the crypto space and has been rooting for numerous blockchain projects.  

While there is a Jake Paul Bitcoin association, other projects he has been associated with in the past do not have a good reputation in the market. In 2022, a project named Animoon, which he promoted, exited the market with an alleged [rug pull](/news/article/rug-pull-what-is-it) of around $6.3 million. Moreover, his brother Logan has also been involved in the [CryptoZoo](/news/article/logan-paul-cryptozoo) scam. 

Jake paul in front of red pile of bitcoins

Jake Paul - Bitcoin Investor or Shiller?

This article is a B[itcoin Era](https://bitcoinera.app/) review, examining the robotic crypto trading system that has left many wary about its legitimacy. 

Crypto trading has recently become a prevalent way of generating passive income. Due to this, many platforms have emerged that use advanced algorithms and artificial intelligence to assist investors in trading. However, it is never risk-free to trade crypto, particularly on these platforms. Therefore, it is advisable to be careful while dealing with such trading forums.  

Let's delve to find out whether Bitcoin Era is a safe option to trade cryptocurrencies or not. 

## Bitcoin Era review: What is it? 

Bitcoin Era is a trading bot for cryptocurrencies that claims to use advanced AI algorithms to automate trades. It allows the traders to develop a simple[ crypto trading strategy](/news/article/simple-cryptocurrency-trading) that requires minimal observation and follow-ups. It is a web-based platform that can make trades on your behalf, so you do not constantly have to monitor market trends. 

According to the website, investors can buy or sell more than 15 coins, including popular ones like[ Bitcoin](/coins/btc), [Ethereum](/coins/eth), [Ripple](/coins/xrp), and [Litecoin](/coins/ltc). It also gives you four options for fiat currencies: USD, GBP, JPY, and Euro.  

It does not cost you to set up an account on Bitcoin Era. Still, you need a minimum deposit of $250 to start automated trading. Meanwhile, the trading web app only charges a trading fee of 2%, and there are no fees for withdrawals and deposits.  

The website maintains that the investors using its unique services have a success rate of around 85%. However, this claim is not backed by any sources or independent Bitcoin Era review. Therefore, the legitimacy of the platform remains in doubt. 

## Bitcoin Era review: Pros and cons 

Now, let's look at some of the pros and cons in our Bitcoin Era review. 

### Pros 

- Easy-to-navigate interface. 

- Supports buying and selling of multiple assets. 

- Offers demo accounts. 

- No deposit or withdrawal fees. 

### Cons 

- Unverifiable claims of success rates. 

- Lack of positive reviews for the platform. 

- The initial deposit amount is relatively higher. 

## Which features does Bitcoin Era offer? 

Here are the main features that the web app claims to offer to its clients: 

### Intuitive interface 

The web app asserts that it provides an easy-to-use interface to make trades. The automated trading feature creates further ease for investors as they can start with virtual assets without prior knowledge.  

### Multi-asset trading 

The trading forum also supports around 15 cryptocurrencies, including the leading ones like BTC, ETH, ADA, and DASH. It lets you build a diverse portfolio of all the popular coins in the market. 

### Options for both manual and automated trades 

The platform is known for its copy or automated crypto trading services. It holds that its AI-based trading services can make up to 85% of investor profits. Nevertheless, this tall claim is not supported by any data.  

It also allows you to trade manually based on your own market insights. You can even use the forum to educate yourself about market trends. It offers real-time market analytics that makes [crypto investing strategies ](/news/article/crypto-invest-strategy)even for beginners. 

### Demo accounts to gain experience 

You can have a demo account if you are a novice trader and need more confidence about entering the real market. You can avail yourself of this free service by registering on the platform. 

The demo account enables you to hone your skills and gain knowledge about how the crypto market works. A demonstration account can also be useful for seasoned traders as they may test their different trading strategies. 

### Minimal fees 

The platform also claims to have a no-fee policy. It does not charge any fee for creating an account. Similarly, no additional charges exist for withdrawing or depositing money in your account. It only charges a trading fee of 2% of the amount you transfer or receive. However, the Bitcoin Era app does require an upfront deposit of at least $250.  

### Swift registration process 

The cryptocurrency exchange forum has a swift registration process. Even though it follows the Know Your Customer (KYC) requirements, the signup procedure is instant. You only need to provide basic personal details and can get started on the platform. 

## Bitcoin Era review: Is it a scam? 

A review of the web app suggests that it is an automated cryptocurrency trading system that offers advanced market insights. It caters to seasoned and novice traders by offering automated and manual trades. Besides, it seems an inexpensive option as it does not charge any fees for registration, withdrawals, or deposits. Plus, you will have enough cryptocurrencies to diversify your portfolio with options ranging from Bitcoin to Binance Coin.  

However, what makes one suspicious about the platform is its exaggerated claims and marketing tactics. For instance, its claim of 85% profit seems grossly inflated as it is not substantiated with data. Moreover, only a few independent reviews support these claims. As a result, the entire image of the platform becomes dubious. 

## Final verdict 

Although there are no direct signs of a scam, it provides misleading information. This is what makes such platforms quite risky. So, considering the Bitcoin Era as an investment opportunity, it's crucial to be aware of the risks involved. Ensure to follow a robust risk management strategy and carry out thorough research. 

Bitcoin Era review: Is it a legit trading platform? 

To short a crypto, such as Bitcoin, refers to the process of borrowing and selling a cryptocurrency with the hope that its price will decrease in the future. 

It allows one to buy the asset at even lower prices later to gain profits. It is a profitable short-term investment plan that involves higher risks. 

However, you do not have to deal with individual cryptocurrencies for shorting. Instead, you can invest in derivatives such as [21Shares Short Bitcoin ETP](https://21shares.com/product/SBTC). It is an exchange-traded product (ETP) that enables you to get daily inverse profits. Let's find out what it is and how it works. 

## What does it mean to short Bitcoin?  

Before we move on to 21Shares short BTC, let's first discuss what exactly shorting BTC is. Shorting is a technique that enables you to make daily profits when the BTC price is depreciating. This way, you can make gains even when market conditions are tough. 

It is a way of leveraging the dipping price of the coin by getting inverse profits. It means you can sell the borrowed crypto at a higher price, considering it will depreciate continually. 

So, when the price of Bitcoin declines, you can buy it back and return it to the lender. This allows you to make gains from the fluctuating price of Bitcoin. 

Now, many crypto trading platforms offer various types of derivatives in the form of contracts for difference (CFDs). These may also include exchange-traded products (ETPs). 

## What are ETPs? 

A crypto ETP is an investment vehicle that uses crypto tokens as its backing. It is quite similar to traditional investment vehicles, usually backed by gold. Similarly, these products can be traded on exchanges like any other stock.  

The main difference here is that they are backed by cryptocurrencies like Bitcoin and allow you to track their performance in the market daily. A prominent example of a crypto ETP is Fidelity Physical Bitcoin (FBTC). 

## What’s 21Shares Short Bitcoin ETP? 

It is an offering by the 21Shares platform denoted by the ticker SBTC. SBTC is a product through which you can get inverse BTC returns of -1x. The returns are based on daily price fluctuations and are multiplied by -1. Since they depend on daily price variations, you cannot hold Bitcoins for longer periods. Therefore, you must know the right holding spans and the risks involved in shorting.  

The procedure of short Bitcoin involves borrowing BTCs from the platform and selling it at the same time before the value is expected to decrease. Through this, you can generate profit from the declining price of BTC. You have to use USD or US Dollar Coin (USDC) along with BTCs as collateral for using the SBTC product. 

## Benefits of using SBTC 

There are various upsides to opting for the SBTC product by 21Shares. Firstly, it allows you to navigate [the bear cycles](/news/article/crypto-bear-market-survival) by offering inverse returns. Secondly, it gives you daily liquidity that can assist you in day-to-day trading. You can open and close trades within 24 hours.  

Apart from that, inverse returns can also help you in rebalancing your portfolio. Since the -1x factor resets after each day, your portfolio can adjust to the price fluctuations easily. Moreover, the platform offers an institutional standard system that can facilitate you in terms of crypto custody, trading features, and analytics. This smoothes out the entire procedure and creates convenience for you.  

## What are the costs of 21Shares Short Bitcoin ETP? 

According to Boerse Frankfurt, the current price of the ETP is 0.7197 for 84,845 pieces. Yesterday, the closing price was 0.7201, and there was a difference of around 0.22%, whereas the spread absolute was around 0.0015. Aside from that, the daily turnover in the number of pieces has been 13,614.  

In the past 52 weeks, the lowest difference has been 0.6794. Meanwhile, in the same period, SBTC observed the highest difference of 1.8631. 

Here’s what the one-year chart for the Short Bitcoin looks like: 

![Chart of Short Bitcoin](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_04_at_15_47_59_5b2c09e8a2.png)

The chart shows that with the start of 2023, the cost of the ETP started to fall. The main reason behind it is that Bitcoin’s price has made substantial gains this year and has maintained [an upward trend that started in December 2022](/news/article/btc-price-today). It affected the inverse return mechanism, which performs best when the market shows bearish signals. On the other hand, SBTC performed comparatively higher in the last five months of 2022.  

## Closing thoughts 

21Shares Short BTC product presents a unique investment opportunity for those looking to hedge against potential downward movements in the price of Bitcoin. The product’s inverse performance makes it highly competent for the bearish market. That’s why if you use it strategically, you can generate high returns even in bearish cycles.  

However, short Bitcoin is a high-risk and high-reward strategy. So, if you are looking to invest in SBTC, you must have an advanced level of trading knowledge. But it is advisable to be fully prepared for risk management and only invest according to your risk appetite.  

21Shares Short Bitcoin ETP: All you need to know 

[BlackRock Bitcoin](https://www.reuters.com/business/finance/blackrock-close-filing-bitcoin-etf-coindesk-2023-06-15/) exchange-traded fund (ETF) trended on all investment newswires in June after BlackRock, the biggest asset manager worldwide, filed for an [ETF](/news/article/chamber-of-digital-commerce) backed by BTC, the largest digital asset by market capitalization.  

The move for a Blackrock Bitcoin ETF was made by the investment firm to give clients exposure to the flagship coin. 

The company disclosed that [Coinbase Custody](https://www.coinbase.com/custody/assets), a New York-based business that provides cold-storage services for the digital assets of third parties, will serve as custodian for its iShares Bitcoin Trust, details of its filing with the US SEC (Securities and Exchange Commission) showed.  

While this has been seen as a great move by a large investment company, the SEC has shown resistance when it comes to the approval of spot BTC ETFs.  

## BlackRock Bitcoin ETF: What is it? 

To understand this what the Blackrock Bitcoin ETF is, you should know what ETF means. According to [Investopedia](https://www.investopedia.com/terms/e/etf.asp), ETF is a kind of investment security pool that operates similarly to a mutual fund. It tracks commodities, particular sectors, indexes, and other assets like cryptocurrencies. 

It differs from mutual funds because it can be bought and sold on a stock exchange in the same way as the regular stocks of Mastercard, Visa Inc., and other major corporations with ticker symbols on the London Stock Exchange (LSE), New York Stock Exchange (NYSE), and others.  

SPDR S&P 500 ETF is the first exchange-traded fund, and it continues to track the S&P 500 Index. 

With this in mind, what BlackRock has applied for is a spot BTC ETF. This would track the underlying market price of the first blockchain-backed digital currency.  

Analysts at [Forbes Advisor ](https://www.forbes.com/advisor/investing/cryptocurrency/best-bitcoin-etfs/)believe this product will expose investors to the coin without becoming crypto asset holders.   

## BlackRock Bitcoin ETF is not the first being considered by the SEC  

As of July 2023, the SEC has not approved any ETFs that directly own [BTC](/news/article/bitcoin-rally-sees-gain-this-week). Instead, existing Bitcoin ETFs only hold futures contracts or other ETFs and stocks of companies that have direct exposure to Satoshi Nakamoto’s innovation.  

In 2022, [Grayscale Investment LLC](https://techcrunch.com/2022/06/30/the-sec-rejected-bitcoin-spot-etfs-again-now-what/), the largest digital asset management firm, saw its request to convert its Grayscale Bitcoin Trust into an ETF rejected by the SEC. 

Angered by the decision, [Grayscale sued](https://www.cnbc.com/2022/06/30/grayscale-sues-sec-after-rejected-bid-to-turn-bitcoin-fund-into-etf.html) because the regulatory body had already approved BTC futures ETFs, as earlier highlighted. 

Aside from Grayscale, CBOE Global Markets, New York Digital Investments Group (NYDIG), and Fidelity have also had their spot BTC ETFs rejected by the apex regulatory institution in the USA. 

## Impact of the filing on the coin  

In crypto, there are three major price drivers; the triggering of a staking feature that helps investors earn passive income, the listing of a virtual asset on a major exchange, and the acceptance of a coin as a transactional currency by a mainstream company.  

Ordinarily, due to the SEC's rejection of other companies’ attempts, a filing of an exchange-traded fund related to the most popular cryptocurrency should have been discarded by millions of traders across the globe.  

After trading below $30,000 for two months, the asset rebounded strongly from $25,576.28 on 16 June and tested a then-high of $31,460.05 on 6 July. 

As of 21:00 on 13 July 2023, it was exchanging hands for $31,484.21, a 23% rise in less than one month, data from crypto price tracker CoinMarketCap showed.  

Such bullishness is the reason why analyst [Richard Adrian ](https://www.fxleaders.com/forecasts/crypto/bitcoin-price-forecast/)at FX Leaders foresees a substantial rise in the price of the crypto.  

According to him, the digital currency could reach the maximum price of $85,000 due to positive market sentiment, hawkish central bank decisions, and mainstream adoption of the decentralized finance sector by the year's close. 

## The latest on spot Bitcoin ETFs globally 

On 13 July 2023, multiple news outlets reported that London-based multi-asset investment platform [Jacobi Asset Management ](https://cointelegraph.com/news/bitcoin-etf-europe-s-first-spot-bitcoin-etf-eyes-2023-debut-after-a-year-long-delay)would launch the first spot BTC ETF in Europe before the close of the year. 

This announcement comes exactly a year after it was scheduled to premiere on the Euronext exchange in Amsterdam in July 2022.  

The asset manager said it chose to launch its product in the fall due to improved demand for [crypto assets](/news/article/crypto-watch-guide).  

Since security has become an integral issue in this sector due to the billions of pounds worth of stolen digital assets, Jacobi has chosen Fidelity Digital Assets as the custodian.  

## Conclusion 

The SEC may not grant exchange-traded funds related to the spot market due to the agency's consistent consideration of many of the assets, including [BTC](/coins/btc), being securities in disguise. 

Whatever happens, [BlackRock](/news/article/blackrock-etf) has created an impressive base on which other potential applicants can thrive to see this hurdle through.  

That said, [Ripple](https://www.cnbc.com/2023/07/13/xrp-surges-after-judge-delivers-a-huge-win-to-ripple-in-its-case-against-the-sec.html) has won its two and half year case against the agency. This could be a turning point in the type of products it could approve for trading in the future. 

Blackrock Bitcoin ETFs: The Latest

Bitcoin Bank has become popular among cryptocurrency traders, offering a hands-free trading experience with its advanced features and market analysis tools. 

In this article, you will find an exploration of what it is, how it works, its pros and cons, and provide insight into its legitimacy. 

## What is Bitcoin Bank? 

Bitcoin Bank is a leading cryptocurrency trading platform that uses machine learning (ML) enabled tools to analyse market trends and predict price movements. 

The platform operates 24/7, providing users with real-time market data and technical analysis patterns to facilitate informed trading decisions. With its automated trading functionality, the platform executes trades on behalf of investors according to their predefined settings, making the trading process more convenient and potentially profitable. 

Despite the platform's claims, it is essential for investors to conduct thorough due diligence before engaging with this crypto trading option. While it promises a hands-free trading experience, evaluating the accuracy and reliability of its ML-enabled tools is crucial. 

## Who created the platform? 

There is no information available about the founders on the official website. This lack of transparency raises some concerns. 

It is worth noting that third-party sources claim the involvement of high-ranking investors, although these claims lack substantial evidence. Therefore, potential users should exercise caution and carefully assess the platform's credibility before engaging. 

## Pros and cons of Bitcoin Bank 

Compared with competitors, this platform offers several advantages and disadvantages for traders to consider: 

### Pros 

- Hands-free trading without manual intervention. 

- User-friendly interface with 24/7 availability. 

- No deposit and withdrawal fees. 

- Claims to have a 99% success rate. 

- Provides 24/7 customer support. 

### Cons 

- Requires a minimum deposit of $250. 

- Lack of information about the founders. 

While the platform offers appealing features, the high minimum deposit requirement and the lack of transparency regarding the its founders may deter some potential investors. Conducting thorough research and considering the associated risks are essential before making any investment decisions. 

## How does Bitcoin Bank work? 

The platform utilises advanced trading techniques and ML-enabled tools to analyse market conditions and generate trading suggestions. 

The platform's interface resembles other popular crypto trading platforms, providing users with a familiar and intuitive experience. While specific details about its internal workings are not extensively disclosed on the website, it is recommended that potential users explore the platform's features and conduct independent research to fully understand its functionality. 

As this is an unregulated platform, users are required to exercise caution and understand the potential risks involved in crypto trading. While it claims a 99% success rate, market volatility remains a significant factor that could impact trading outcomes. 

## Features of the platform 

This crypto option offers notable features designed to enhance the trading experience. These include: 

### Affordable Platform 

The site asserts that it does not charge fees for trading activities and does not take commissions from investors' profits. However, users should consider that partner brokers may charge for services such as account management. 

### Demo Account 

The platform provides a demo account option to familiarise traders with the its mechanics before engaging in live trading. The demo account offers a risk-free environment for users to practice and understand the platform's features. It is important to note that access to the demo account requires an initial deposit of $250. 

### Supported Cryptocurrencies 

The platform supports various major cryptocurrencies, including Bitcoin, [Bitcoin Cash](/news/article/buy-bitcoin-cash-uk), [ZCash](https://z.cash/), Ethereum, [Ethereum Classic](https://ethereumclassic.org/), [Binance Coin](/news/article/trading-bnb-to-gbp), and more. 

This broad selection allows users to diversify their portfolios and mitigate risks associated with single cryptocurrency investments. 

## Is this platform legit or a scam? 

The platform's legitimacy remains a subject of concern due to the lack of transparency regarding its founders and the limited concrete evidence supporting its success rate claims. 

While no definitive proof is classifying it as a scam, potential users should exercise caution and perform thorough research before investing significant funds in the platform. 

## Getting started 

To start using the platform, follow these steps: 

Create an Account: Visit the official website and complete the registration process by providing your email, full name, and phone number. Once initiated, the support team will reach out to provide further guidance and information. 

Deposit Funds: Deposit a minimum of $250 into your Bitcoin Bank account to initiate trading. The platform offers multiple payment options for convenience. 

Start Trading: After funding your account, the platform's internal mechanics will scan the markets and provide trading suggestions. It is recommended to utilise the demo account first to familiarise yourself with the platform. Bitcoin Bank allows users to withdraw funds at any time by logging in, accessing the official account, and clicking the "Withdraw" button. The platform states that it may take up to 24 hours to process withdrawal requests. 

Users should consider potential risks associated with cryptocurrency trading and the unregulated nature of the industry. It is advisable to withdraw funds before deleting your Bitcoin Bank account, as account deletion also removes any associated funds. 

## Conclusion 

In conclusion, Bitcoin Bank offers a hands-free trading platform with advanced features and ML-enabled tools. 

However, potential users should exercise caution, conduct thorough research, and understand the risks involved in cryptocurrency trading. By doing so, users are better able to make informed decisions about their investments. 

Bitcoin bank logo on yellow image of bitcoins

Understanding Bitcoin Bank

If you're interested in trading crypto, you may have wondered how to invest in Bitcoin in the UK. 

Bitcoin is a decentralised digital currency functioning autonomously, free from the power of central authorities or government regulations. It operates using peer-to-peer software technology and relies on cryptographic principles. 

Being an open-source system, the coin is accessible to the general public. This inclusive nature allows anyone to engage in Bitcoin transactions. The distinctive features of Bitcoin offer unprecedented possibilities for various innovative applications that were not feasible with traditional payment systems. 

The coin has always been a volatile asset, rising and falling like tides, presenting opportunities to investors alongside heavy risk. However, BTC has been the investor's top choice in the investment portfolio. 

Buying Bitcoin has always been the best move when investing in the crypto industry. Below, in the article, we've explored how to invest in Bitcoin in the UK and where to store it. 

## How to invest in Bitcoin UK 

### 1.    Choose a crypto exchange 

To purchase and invest in Bitcoin (BTC), individuals must choose a crypto exchange, a platform where trades meet to exchange their pounds sterling for the digital coin. 

Crypto exchanges offer investors the opportunity to purchase, sell, and retain cryptocurrencies and facilitate the transfer of digital assets to secure wallets. 

While multiple exchanges exist, new investors should prioritise selecting an exchange that balances user-friendliness, low transaction fees, and robust security measures. Monitalks has conducted detailed research to help new investors choose [the best exchange](/news/article/best-crypto-exchange-uk-reddit) platform. 

### 2.    Link your payment method to the exchange platform 

After selecting an exchange, you must deposit funds into your account to initiate Bitcoin investments. The options for funding your account may vary depending on the exchange, including bank transfers from a current or savings account or using a cryptocurrency wallet. 

Considering that fees directly impact the amount of money available for investment and subsequently affect the potential for growth and compounding, it is generally advisable to opt for electronic transfers from a bank account over alternative methods. 

### 3.    Place your Bitcoin order 

Once you have successfully deposited funds into your account, you can initiate your first purchase of Bitcoin. The process varies depending on the platform. Some allow you to buy Bitcoin by simply tapping a button. In contrast, others may require you to enter Bitcoin's ticker symbol (BTC). Following that, you must specify the amount you wish to invest. 

Upon completing the transaction, you will become a partial owner of a Bitcoin. This is due to the significant initial investment required to purchase a complete Bitcoin. For example, if the Bitcoin price is £30,000, you would need to invest that amount in acquiring one Bitcoin. In the scenario where you invested a lesser amount, say £1,000, you would receive a proportionate percentage of a Bitcoin, which in this case would be 3.33%. 

## 4.    Store your coin in a Bitcoin wallet 

Cryptocurrency exchanges commonly offer integrated [Bitcoin wallets ](/news/article/top-rated-bitcoin-wallets-uk)or establish partnerships with trusted entities that provide secure storage for Bitcoin. However, some individuals may be concerned about leaving their digital assets connected to the internet, as it increases the risk of potential theft by hackers. 

To address such concerns, many reputable exchanges have implemented private insurance policies that offer compensation to clients in case of theft. Furthermore, these exchanges are increasingly adopting storing most customer funds in offline storage solutions known as 'cold storage,' which provides an additional layer of security. 

For those seeking the highest level of security, storing Bitcoin in a personal online or offline wallet is possible. Nevertheless, it is important to note that transferring crypto from an exchange to a personal wallet may incur a small withdrawal fee. Moreover, if a third-party crypto wallet custodian is utilised, losing the private key, which is the wallet password, may result in losing permanent access to the stored coins. 

## Hot wallets vs. cold wallets 

Hot wallets store personal and private keys online in a password-protected account, typically with a crypto exchange. Hackers target them to gain access to assets for trading. While hot [wallet](/news/article/best-crypto-wallet) providers have improved security measures, hackers pose a threat. 

Hot wallets offer convenience as they can be accessed from anywhere, and the provider can help restore access through identity verification if login details are forgotten. 

[Cold wallets](/news/article/cryptocurrency-hardware-wallet) are offline and disconnected from the internet, making them potentially more secure than hot wallets. They are like thumb drives that require a seed phrase, a randomly generated private key, to unlock the wallet, which is difficult to crack without prior knowledge. 

However, connecting a cold wallet to an internet-connected device eliminates the security advantage, exposing vulnerabilities to hackers. Also, if a user loses their private key, it becomes nearly impossible to recover the cold wallet. 

Lastly, cold wallets must be purchased, while hot wallets are often free. 

### Ledger Nano X 

[Ledger Nano X ](https://shop.ledger.com/products/ledger-nano-x)is the best cold Bitcoin wallet available in the market. It is a highly suitable choice for most investors due to its extensive support for over 5,000 coins and its ability to manage NFTs. Moreover, it includes an integrated exchange feature that enables secure cryptocurrency purchases using the wallet. This device can be efficiently operated on any 64-bit PC, iOS, or Android platform. 

The Ledger Live app, accompanying the Nano X, provides additional features such as payment options and DApps. Furthermore, it allows the seamless transfer of assets from multiple exchanges to the Nano X, offering enhanced convenience for asset management and trading while prioritising their safety. 

### Coinbase 

[Coinbase](https://www.coinbase.com/wallet)- the most chosen hot wallet, provides an exceptional user experience and caters to various user needs in the UK. It ensures accessibility and assists new users in navigating the crypto world. Cutting-edge security technologies protect virtual assets, and web and mobile wallets offer flexible access. The decentralised platform enables users to have complete control over their crypto assets. Features like staking, lending, and Yield Farming are also available. 

How to invest in Bitcoin in the UK? 

In 2022, a harsh crypto winter caused substantial losses for investors, undermining trust and creating uncertainty. However, there is now a glimmer of hope as the market gradually shows signs of recovery, with Bitcoin, Ethereum, and other cryptocurrencies exhibiting some stability. Considering current affairs, investing at this juncture can be a prudent choice. If you're seeking the best crypto currency to invest in today, we present the top seven options to consider. 

## 1. Bitcoin (BTC) 

Undeniably, Bitcoin is the premier cryptocurrency globally, enjoying the advantage of being the first mover among its peers. Because of its dominance, many consider it the 'best crypto currency'. Introduced by Satoshi Nakamoto in 2009, it shaped the blockchain industry and revolutionised the concept of currency.  

At its inception in 2009, the value of one BTC stood at a mere $0.00099. Over the following years, Bitcoin made steady progress, with its price crossing the $500 mark in 2016, a significant milestone for a virtual currency. However, it was in 2017 when the price of Bitcoin experienced an explosive surge. As of June 2023, one Bitcoin is trading at approximately [$25,000.](https://coinmarketcap.com/currencies/bitcoin/)

This upward trajectory showcases the immense [potential of Bitcoin](/news/article/will-bitcoin-go-back-up) as a long-term investment. Furthermore, with a maximum supply of 21 million Bitcoins, their scarcity is expected to drive their value further. 

## 2. Ethereum (ETH) 

After Bitcoin, Ethereum stands as the second most prominent cryptocurrency and, for many altcoin enthusiast, the best crypto currency. The Ethereum blockchain has played a pivotal role in transforming the industry through its innovative smart contracts and significant impact on the non-fungible token (NFT) market. This has made Ethereum a favourite among developers and investors alike.  

[ETH ](/coins/eth)debuted in 2015, initially priced at a mere $0.4. However, it has experienced substantial growth for the past eight years and is currently trading at approximately $1,900. This remarkable surge equates to an astounding percentage growth of 474,900%.

## 3. Tether (USDT) 

Tether is yet another prominent cryptocurrency worth considering for investment. As a stablecoin, Tether is pegged to the value of the US dollar, ensuring that it maintains a consistent and stable worth. The primary objective of utilising stablecoins such as USDT is to safeguard your funds against the inherent volatility of the crypto market. 

[USDT](/coins/usdt) has established itself as one of the most widely used and trusted stablecoins, boasting an impressive market capitalisation of approximately $83.2 billion. 

## 4. Binance Coin (BNB) 

[Binance Coin](/news/article/guide-to-binance-uk), commonly referred to as BNB, is an initiative by Binance, one of the largest cryptocurrency exchanges worldwide. The coin was introduced in July 2017 as part of Binance's Binary Finance initiative to advance its offerings. Built on the [Binance Smart Chain (BSC)](/news/article/bnb-price), BNB plays a pivotal role within the Binance ecosystem, collaborating with various blockchain projects. 

BNB's association with numerous blockchain initiatives on the Binance exchange sets it apart from other cryptocurrencies. This affiliation grants the coin increased exposure to the market, capturing the interest of investors. 

During its launch, BNB was priced at a mere $0.09, steadily increasing in value over time. While its price remained below $50 following its 2020 launch, it gained significant momentum during the bullish cycle of 2021. The coin holds a market value of $306.30, boasting a market cap surpassing $47.7 billion. 

## 5. US Dollar Coin (USDC) 

USD Coin ([USDC](/coins/usdc)) is a widely recognised stablecoin in the market. It [shares similarities with USDT](/news/article/usdc-vs-usdt) as it is also pegged to the US dollar, ensuring price stability. The coin was introduced in September 2018 by The Centre consortium. Its purpose aligns with other stablecoins, aiming to address volatility concerns and create a secure ecosystem for users in the realm of decentralised finance (DeFi) and Web3 gaming. 

As of 5 June, 2023, the market capitalisation of USDC amounts to a substantial $28,911,645,575, positioning it as the fifth-largest cryptocurrency in the market. 

## 6. Cardano (ADA) 

Cardano's blockchain and its cryptocurrency [ADA ](/news/article/ada-price-in-gbp-conversion-analysis)are renowned for innovation in the crypto market. With a strong commitment to environmental sustainability, Cardano incorporates energy-efficient practices and actively supports eco-friendly initiatives - for example, collaborating with [Veritree and Samsung](/news/article/cardano-samsung-climate-change) for a climate action initiative. This environmental focus has contributed to the growing popularity of ADA. 

The Cardano blockchain has expanded its ecosystem to include NFTs, DeFi projects, GameFi, and more. This diverse and evolving ecosystem positions ADA as one of the strong contenders for best crypto currency. 

## 7. Dogecoin (DOGE) 

[Dogecoin](/coins/doge) is a cryptocurrency that has gained notoriety primarily due to market hype. Originating as a meme coin, it captured the attention of crypto enthusiasts, especially after receiving endorsements from prominent figures like Elon Musk, the owner of Twitter and Tesla. One of the distinguishing factors of DOGE is its dedicated community, known for creating humorous DOGE memes. 

At time of writing, Dogecoin's price stands at a modest [$0.06](https://coinmarketcap.com/currencies/dogecoin/). However, its market capitalisation exceeds $10 billion, indicating its significant popularity among investors. As a result, DOGE holds the potential to emerge as a prominent cryptocurrency in the future. 

## Final thoughts 

If you seek the best cryptocurrency for investment, consider the seven options we mentioned. Note, however, that this does not constitute investment advice but serves informational purposes. 

Remember that all investments carry risks, so employ risk management strategies and conduct thorough research. 

Before making any investment decisions, establish your investment goals and devise long-term and short-term strategies. 

Assess your risk tolerance and only invest what you can afford to lose. If you are still determining the suitability of these cryptocurrencies, consulting a financial advisor is a wise step. 

The best cryptocurrency to invest in 2023 

One of the NFT projects that has managed to capture the attention of art lovers and crypto enthusiasts significantly is Bitcoin Punks. These eccentric pixel figures are part of the[ non-fungible token ](/news/article/non-fungible-tokens)(NFT) trend, which has transformed how we view and engage with digital artwork. 

This article looks at the background of the collection, why it has become popular, what gives it value, and what the future may hold for NFT collections created in this manner. 

## What are Bitcoin Punks? 

Using Ordinals, these non-fungible tokens are the first byte-perfect upload of the original Ethereum CryptoPunks onto the Bitcoin Blockchain. 

This unique Ordinal collection is comprised of 100 one-of-a-kind PFPs minted within the first 650 inscriptions. 

## What is the value of Bitcoin Punks? 

The value of this collection, as with all NFTs, is based on factors such as rarity, uniqueness, historical significance, and demand from collectors. 

They also have value because they are created using digital currency blockchain technology and have permanent, verifiable identities. The value may fluctuate due to market demand and other factors. 

On February 9, 2023, one of the NFTs, [Punk 94](https://ordinals.com/inscription/b8ce900663108e2e07994632722b01ba86dfaa37e6636080828262f719c99ef7i0), was sold for 9.5 BTC, approximately $214,000. 

## The future of the pixilated avatar 

The idea of these Ordinal pixels has generally generated controversy throughout the Web3 community. Maximalists rejected the idea of utilizing digital currency for anything but monetary transactions, especially producing NFTs. 

Collectors' and cryptocurrency investors' interests were advantageous to the NFT project, especially during COVID-19. 

While the price of this collectable is driven by demand and supply, there is a need for art investors to ask if the demand will continue to increase or not. 

The future will depend on other factors, such as continued innovation of the Ethereum blockchain, market trends, and artists, creators, and collectors' tastes within the NFT community. 


Bitcoin Punks explained: What are they and what is the future? 

[BlueWallet](https://bluewallet.io/) is a non-custodial mobile Bitcoin wallet that allows users to do more than send, receive, and store Bitcoin (BTC). It is highly secure, feature-rich, and compatible with the Lightning network. It is designed to be simple yet extremely powerful. 

BlueWallet Pros and Cons 

## Pros 

- Plenty of usability features. 

- Compatible with the Lightning network. 

- Simple user interface. 

Available on desktop and mobile. 

## Cons 

- Only supports BTC. 

- Not enough guidance and educational materials. 

## BlueWallet Features 

BlueWallet has lots of usability [features](https://bluewallet.io/features/). They include; 

- Multiple wallets: The feature allows you to import compatible wallets from other BTC platforms like Bread and Electrum and manage them on the app. 

- Watch-only: It allows you to import your offline wallets' public addresses without going offline. It enables you to connect your hardware wallet and manage your cold storage. 

- MultiSig vault: It adds an extra layer of security to every transaction made. It works like two-factor authentication, requiring two or more private keys to confirm transactions. 

- Lightning wallet: The feature allows you to use the Lightning network without opening channels, being online, or operating and maintaining a node. You will, however, need to create a Lightning wallet. 

- Fees and transactions control: It allows you to set the fees you wish to pay for transactions. However, the lower the transaction fee, the longer it will take for transactions to be verified. 

- Plausible deniability: It allows you to define a different password that will decrypt a "fake" wallet setup. 

Other features include coin control, Payjoin, offline mode, custom entropy, Coldcard support, Cobovault support, hardware wallets support, PSBT (Partially Signed Bitcoin Transactions) support, broadcast transactions, notifications, Segwit support, batch transactions, multiple storages, and so much more. 

## Supported currencies 

BlueWallet only supports [Bitcoin](/coins/btc). However, it allows users to display the value of their BTC holdings in more than 30 fiat currencies, including EUR, AUD, USD, CAD, JPY, CHF, GDP, BRL, CZK, CNY, HRK, MYR, INR, MXN, and RUB. Blue has integrated MoonPay, which lets you easily buy BTC within it. 

## Accessibility 

BlueWallet is available in almost every country. It has desktop and app versions that can be downloaded on iOS and Android devices (as long as the app store permits it). 

It is available in more than 30 languages, including English, Spanish, French, Chinese, Japanese, Russian, Italian, Indonesian, Swedish, Norwegian, Danish, and Turkish. 

## Is it safe to use? 

BlueWallet is safe to use. It uses a 24-word mnemonic recovery seed to recover funds in case you lose your phone or forget your PIN. As a user, you can activate biometrics to unlock, delete, and sign a transaction. 

Wallets can also be encrypted with an additional password if you wish to add another layer of security. A further security feature is an option to set up decoy wallets in case you are forced to unlock your wallets. A decoy wallet may only be activated if a user has the encryption password set up. 

## Conclusion 

There are many reasons BlueWallet is considered by many as the best Bitcoin wallet. It is not only highly secure and feature-rich, but also very easy to use. Despite the fact that it is a BTC-only crypto wallet with little education materials, it is a great wallet to use for all your BTC business. 

BlueWallet Review 2023

[Marathon Digital Holdings](https://marathondh.com/) (MDH) aims to ease economic freedom, financial inclusion, and greater transparency by improving the security and development of the world's first and largest public blockchain ledger, Bitcoin (BTC), a block at a time. 

The organisation believes in a more fair, inclusive, and open financial system—Bitcoin is crucial to making it happen. MDH is committed to supporting the Bitcoin ecosystem by building sustainable, agile, and large, [green Bitcoin mining ](/news/article/norway-bitcoin-mining)systems in North America. 

## Sustainable BTC mining powered by Marathon Digital 

MDH is in the process of building one of the largest green BTC mining systems in North America. The organisation aims to achieve its goal of [sustainable, green BTC mining](/news/article/sustainable-mining) by focusing on increasing computing power (or hashrate) rather than building and operating data centres. 

The business intends to stay lean and green while becoming more energy efficient. A key component of its strategy is to co-locate operations at feasible, sustainable energy sites. This ensures that its power source is sustainable and reduces the stress placed on traditional electrical grid infrastructure. 

In a nutshell, the company deploys more robust BTC miners to increase hashrate and hence, the possibility of earning more Bitcoin. By employing sustainable energy sources, leveraging its scale, and remaining agile, MDH can negotiate favourable contracts, swiftly adapt to altering circumstances, and ‘de-risk’. 

This enables the business to better cope with the impacts of potential declines in the price of Bitcoin. 

## Marathon Digital: the latest financial news 

The current value of the Marathon Digital Holding Inc. stock, MARA, is $5.33, with a market valuation of nearly $622.8M. It should be noted that one year ago, MARA was trading above $30 (30 March, 2022)! 

 ![marathon digital holdings stock graph screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Marathon_2023_03_30_at_09_15_01_f9736160b9.png)


According to the latest financial result filed by Marathon Digital (Q3 2022), the organisation recorded a net loss of $75.4M in Q3 2022. Therefore, the latest news governing Marathon Digital's prepayment of its whole-term loan should be music to the ears of investors. 

In early February 2023, the organisation gave Silvergate Bank the necessary 30-day notice, indicating its intent to repay and terminate the term loan facility. The prepayment was completed on 8 March, 2023, and the organisation's facilities with Silvergate Bank were ended (talk about timing!). 

This resulted in an enormous debt reduction of $50M and an increase in unrestricted BTC holdings by 3,132 tokens - the BTC held as collateral by a third-party custodian as part of the term loan deal was returned to Marathon Digital. 

To put this into perspective, this move alone has resulted in the company reducing its leverage by $50M, freeing up more than $70M in BTC at the time of writing, and reducing facility fees and annual cash interest costs by around $5M. Other interesting statistics include: 

- The company’s mining facilities produced 683 Bitcoin in February 2023. 

- MDH enhanced the BTC hash rate by 30% compared to January 2023 by energising nearly 19,000 miners. 

- Figures related to unrestricted cash and BTC holdings are subject to change following the latest term loan deal. But if we are talking about figures in February exclusively, the company has unrestricted cash holdings of $219.7M and unrestricted BTC holdings of 8,260 tokens. 

With a push for sustainable, [green mining measures](/news/article/new-york-crypto-mining) the need of the hour, leaders like Marathon Digital is making more than a splash. Follow the latest updates from MDH by signing up for email alerts. 



green image of marathon  digital holdings logo

Marathon Digital: Sustainable Bitcoin Mining

[Rocketpot](https://rocketpot.io/) is a licensed crypto casino that operates under the regulations of Curacao eGaming. It features a mobile and desktop-friendly platform for users to enjoy gambling activities.

The casino prioritizes the privacy and safety of its users. Players can use Bitcoin and other cryptocurrencies to play in the casino, ensuring safe and secure entertainment. Utilizing blockchain technology and Bitcoin, the casino provides advanced security methods and more opportunities for players to win jackpots and earn Bitcoin.

## Rocketpot - The online casino

Rocketpot casino is a leading provider of Bitcoin games, offering a vast selection of almost 3,000 slot games, more than 300 table games, and live casino games.

Players can win guaranteed prizes through a reward system as they explore the website and play more. On reaching level 500, players can even win more than 20 BTC and enjoy the best Bitcoin blackjack games, classic slots, and more.

With several slot games available, players can easily choose their favourites and start playing. The only main requirement for wagering is a cryptocurrency wallet followed by registration on the platform. 

The crypto casino offers several top-tier live dealer games, providing a unique and engaging gaming experience. With a commitment to dedicated customer support and accessible tools, RocketPot constantly updates its offerings to provide the best user experience. Players can even use different crypto coins to play their favourite games.

## User-friendly gaming experience 

Rocketpot casino provides a user-friendly interface, allowing players to enjoy a wide range of Bitcoin games. With a focus on responsible gambling, the casino offers games, such as jackpots, playable with various cryptocurrencies. Available on desktop, iOS, and Android devices, users can download the casino or play directly from their mobile browser, providing convenient access from any location.

The platform features a simple and easy-to-use UI, including two-factor authentication and multiple cryptocurrency options for in-game interactions and placing bets. With high-quality graphics, players can enhance their gameplay experience by accessing different functions and selecting fast-paced gaming options. Rocketpot casino is optimized for players seeking a seamless, enjoyable gaming experience.

## How to register with Rocketpot

Rocketpot casino offers a swift sign-up process for new users. Before registration, it's advisable to check the casino's wagering requirements and bonuses and be aware that the services may not be available in certain jurisdictions.

To sign up, visit the Rocketpot website and click the sign-up button. 

Customers can enjoy various games the casino offers after registering and depositing Bitcoins. The platform offers Bitcoin bonus rounds to players who deposit and play with Bitcoins through their accounts.

Compared to other crypto casinos, the registration process on Rocketpot is quick and doesn't require extensive verification procedures. It typically takes less than a minute to register and get started.

Users must provide basic personal information such as username and email address to complete the registration process. The e-casino ensures that every Bitcoin transaction is processed within 10 minutes so that users can start gambling without any delay.

## Payment method

Rocketpot offers a range of payment options to ensure inclusivity. As a cryptocurrency casino, it provides more extensive payment options for crypto users. However, fiat payment options are also available. The accepted cryptocurrencies are Bitcoin, Bitcoin Cash, Litecoin, [Ethereum](/news/article/ethereum-pow-price-prediction), Dogecoin, NEO, Tron, USD Coin, [Ripple](/news/article/sec-vs-ripple-news), Cardano, Binance Coin, and Tether USD.

For those without cryptocurrency, depositing on Rocketpot is simple. The third-party payment provider, UTORG, allows you to buy BTC, ETH, LTC, or TRON using USD. This fast and user-friendly process enables players to begin playing and potentially win quickly.

## Withdrawal method

The platform offers various withdrawal methods to its users. Players must click on the website's withdrawal tab to withdraw their cryptocurrency and select a coin. They should then enter their crypto wallet address and the desired withdrawal amount. A verification link is sent to the user, and upon clicking the link, the withdrawal is processed. Rocketpot applies a withdrawal fee deducted from the withdrawal amount. Players should ensure they check the withdrawal limits before initiating a withdrawal.

The processed withdrawal is sent to the user's wallet. The withdrawal fee for Bitcoin is 0.0006, with a minimum deposit fee of 0.001 BTC. Additionally, Rocketpot offers customers a daily 10% cashback reward for a certain period. For example, if a player loses $100, they will receive a return of 10% the following day.

## Casino game offerings

Rocketpot provides new users a demo mode to familiarize themselves with the various live games. Users can enjoy [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate) slots and live dealer variants of table games, which offer a thrilling gaming experience with reduced wagering requirements. 

Below is the list of online casino games provided by Rocketpot:

### Slots

Players have access to a diverse array of slot machines. With more than 3,000 games available, 2,600 of them are dedicated to various types of slot games. The platform also offers crypto video slot machines, which can be conveniently accessed via the slot menu.

### Jackpot games 

The casino offers jackpot games that allow players to contribute a small portion of their wagers to a collective prize pool. Some popular jackpot games available include Mega Moolah Goddess, Cash Splash 5 Reel, and Major Millions. These games were developed by the renowned game developer MicroGaming and offer some of the biggest winning potential.

### Table games 

Rocketpot provides its users with an array of crypto table games, with separate tabs for roulette and blackjack games.

### Live casino

This platform offers a selection of high-quality live casino games powered by top software providers. It provides a wide range of games, with more than 700 options available through Evolution Gaming. Popular options include live blackjack, live roulette, live baccarat, and several live game shows, like Dream Catcher.

## Rocketpot Sports and esports betting 

### Sports betting

Sports enthusiasts can place their bets using Bitcoin or other preferred cryptocurrencies, which offers more advantages than other deposit methods in the casino. Transactions through these digital currencies are secure, fast, and safe, just like other top Bitcoin casinos, allowing users to deposit or withdraw funds within minutes. Users can head to the crypto sportsbook betting section to place a bet, deposit their preferred cryptocurrency with a few clicks, and start placing their wagers.

### Esports Bitcoin betting 

Rocketpot is a casino that allows users to place bets on its sportsbook if they excel in Rocket League, DOTA 2, FIFA, NBA 2K, or tennis. The casino also features esports Bitcoin betting, a wide variety of matches, and tournaments sure to pique users' interest.

### Bonuses and promotions

This online casino regularly introduces new promotions to keep long-term and new users engaged. Players can click on the bonus tab to learn about these offerings. For a limited time, the casino is providing a list of promotions, bonuses, and rewards that it currently offers. Below are the details of these limited-time offerings:

### BTC welcome bonus

This platform offers a BTC welcome bonus that doubles a user's first deposit. Additionally, players receive 10% cashback as bonus money and can earn other prizes upon starting their gameplay. The platform also provides instant withdrawals, allowing players to withdraw their winnings anytime.

### Super boosted monthly race

Each wager counts as one point on a leaderboard, with prizes paid out in Bitcoin. Additionally, users can receive 2,000 free spins.

Newcomers to Rocketpot can enjoy a range of bonuses, such as the Rocketpot casino gift card, welcome bonus, and deposit bonus. Adding an initial deposit can double their funds, allowing them to explore the various games offered on the platform. Additionally, players can benefit from 10% cash back on all their wagers.

Apart from these incentives, players can also receive a unique treasure chest with a guaranteed prize after clearing each level. In a nutshell, the platform offers an appealing gaming experience with numerous opportunities for users to win big.

### Affiliate program

Rocketpot offers an affiliate program enabling its users to invite their family and friends and earn up to 45% commission as an affiliate, making it the most lucrative compared to other cryptocurrency casinos. It supports 30 different types of cryptocurrency that offer minimal transaction fees and are user-friendly.

### Customer service

Customer service is a vital aspect of any casino, and Rocketpot casino prioritizes customer satisfaction by providing various contact options, including 24/7 live chat and email support. In addition, its mobile-friendly website ensures usability for a wider range of users, allowing them to enjoy the Rocketpot experience on almost any mobile device. The casino also offers language support for English, Spanish, Japanese, and German-speaking customers, with plans to add more options. The e-casino offers a hassle-free experience through live chat support, with friendly and informative representatives providing all the necessary answers.

## Is the platform safe?

Rocketpot is a legitimate online casino that provides an enjoyable gaming experience to its players. The casino has partnered with several well-known game providers in the iGaming industry, including Pragmatic Play, Evolution Gaming, Push Gaming, Microgaming, EvoPlay entertainment, and more. As of the writing time, there are zero complaints raised for the platform, adding to its credits of a legit e-casino. Its 2-factor authentication feature is ideal for keeping the user's information safe and secure. 

With more than 3,000 games available, players can use Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or their preferred currency to bet and win. Therefore, Rocketpot is a top choice for anyone looking for a reliable and entertaining online casino.


Purple image of Rocketpot logo on purple background

Rocketpot Bitcoin Casino Review 

A [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) rally in the trading week of 13 to 17 March saw the cryptocurrency bring around 20% in gains to investors, data from [crypto](/news/article/silvergate-bank-crisis-sees-crypto-tank) price tracker CoinMarketCap showed. 

As of 09:30 UTC on Friday, BTC was exchanging hands for [$26,085.37](https://coinmarketcap.com/currencies/bitcoin/historical-data/). It reached a weekly high price of $26,514.72 on 14 March after opening the week at $22,156.41. 

The substantial increment in price has seen the largest digital asset by market capitalization spike by 60% year-to-date (YTD) from the year's opening price of $16,547.91.

## Bitcoin rally attributed to convulsions in banking sector and interest rate cuts

The cryptocurrency industry is largely affected by events in the banking sector as well as activities by the Federal Reserve in the US.
Reports of a collapse of three regional lenders in the US and liquidity problems at Credit Suisse Group AG are leading to expectations of an end to the monetary tightening that destabilized the decentralized finance industry in 2022.

According to many industry experts, the renewed interest in BTC reinforces the digital currency's dual role as a credible risk asset and a hedge against inflation.

Amid the Russia/Ukraine crisis, the Federal Reserve consistently hiked interest rates, leading to a demand for government bills and bonds. This did not augur well for the digital currency market, which has thrived on offering its stakeholders above-average annual percentage yield (APYs). This contributed to the market's nosedive for the majority of 2022.

Multiple reports point out that the Feds will pause interest rate hikes by the summer of 2023 and begin cutting the federal-fund rates around the end of 2023. This anticipation has also played a role in the significant ascension of the cryptocurrency.  

## Bitcoin dominance pushes the crypto market above $1.1 trillion

The crypto market has seen a trading volume of approximately $69 billion in the past 24 hours. This has taken its capitalization to $1.12 trillion.

Despite a fall in its historic values, BTCs fully diluted market capitalization of around $552 billion sees it control 45% of this market. In second place is the native asset of Ethereum, Ether (ETH), which has an 18% crypto market share.


bitcoins falling from sky with green filter overlayed

Bitcoin Rally Sees Almost 20% Gain This Week 

BTC has improved its value by 11% over the past 24 hours, according to data from Asia trading. This increase has effectively erased all losses suffered over 10-12 March, 2023. [Multiple reports](https://www.coindesk.com/markets/2023/03/14/bitcoin-crosses-247k-sees-highest-liquidations-in-two-months/) say the price spike is due to [Bitcoin](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) liquidations emanating from betting on the decline of cryptocurrency prices after [Silvergate Bank](/news/article/silvergate-bank-crisis-sees-crypto-tank) and other crypto-related financial institutions fell into crisis last week. 

Overall, more than $100 million in BTC shorts (in trading, shorting refers to selling, while long means buying) were liquidated on 13 March. While this figure looks like a significant sum, it is nowhere near the 14 January Bitcoin liquidations, which saw around $500 million cleared from several crypto futures. 

[Cryptocurrency futures](https://www.investopedia.com/articles/investing/012215/how-invest-bitcoin-exchange-futures.asp) constitute an agreement between two parties to buy and sell an agreed amount of a particular crypto asset at a future price within a given timeframe.

## Bitcoin liquidations lead to a year-high trading volume 

As exchanges such as [Binance](/news/article/binance-us-cleared-to-buy-voyager), Bybit, Huobi, and OKX spread losses from the liquidations, interest in BTC rose as many traders saw a positive signal from the crypto market activity.

By the close of Monday, 13 March, BTC recorded a trading volume of approximately [$49.5 billion](https://coinmarketcap.com/currencies/bitcoin/historical-data/), the year's high and the largest since November 2022.

Overall, the crypto economy has been on a rebound in 2023. As always, the first digital currency has made up for gains lost during 2022 when it was crippled by Russia/Ukraine crisis, rising interest rates which led to renewed interest in government bonds and bills, and, of course, the crash of TerraUSD (UST). As of 10:00 UTC, BTC was up 48% year-to-date (YTD).

Despite the ups and downs of the crypto market, analyst Freddie Max at [Price Prediction.net](https://priceprediction.net/en/price-prediction/bitcoin) foresees BTC climbing to an average price of $31,243, testing the smallest possible price of $30,356, and reaching the best possible price of $34,916 by the end of the year.


Bitcoin Liquidations Spark Price Spike 

[POLi Payments](https://www.polipayments.com/index.html) is an online payment system that provides customers with a secure and convenient payment method, and allows them to buy cryptocurrencies, including Bitcoin.

This payment system is a subsidiary of Australia Post, one of the world's largest postal services. The company has been operating since 2010 and is headquartered in Melbourne, Australia.

The platform enables users to purchase [Bitcoin](/news/article/bitcoin-fear-and-greed-index) or crypto using POLi deposits through trusted exchanges regulated in Australia by AUSTRAC. It employs a direct connection to the user's bank account, meaning there is no need to provide credit card details when making a payment. The only requirement is the user's internet banking login details.

Once the user has logged into their bank account via the POLi platform, they can select the amount of money they want to transfer. The funds are transferred immediately from the user's bank account to the merchant's account.

## How to buy Bitcoin with POLi Payments

In Australia, it is advisable to purchase Bitcoin or other cryptocurrencies using POLi through a broker registered with AUSTRAC (the Australian Transaction Reports and Analysis Centre) and regulated by ASIC (the Australian Securities and Investments Commission).

[eToro](/news/article/etoro-uk-review) is a trusted multi-asset investing platform that meets these requirements, offering a broad range of more than 70 cryptocurrencies. The platform is ideal to buy Bitcoin with POLi. Below is the step-by-step process:

•	Step 1: Register an account with [eToro](/news/article/etoro-fees) and complete the verification process, whether for personal or company use.

•	Step 2: Input the desired amount in AUD that you wish to deposit on the eToro platform.

•	Step 3: Log in to your bank account via the POLi platform and deposit your preferred fiat currency.

•	Step 4: Locate the cryptocurrency you wish to purchase and execute your trade.

## Is the payment platform safe?

The platform provides a secure and reliable online payment system to safeguard your personal and financial information. The company employs cutting-edge security protocols such as 128-bit SSL encryption to ensure the safety of your data. 

Furthermore, your transactions are processed through a secure connection to your bank, and your bank login details are never stored on the server. This makes it an ideal option for online payments, particularly if you do not possess a credit card or do not wish to use one for online transactions.

## Bottom line

POLi Payments is a reliable and efficient option for individuals purchasing cryptocurrencies such as Bitcoin in [Australia](/news/article/australia-crypto-regulation). This payment method is characterized by its fast, secure, and user-friendly process. Using POLi deposits, customers can securely buy digital assets through the eToro exchange at low transaction costs.

For those searching for a viable alternative to traditional payment methods when acquiring cryptocurrencies within Australia, POLi payments could be the ideal solution.


How to Buy Bitcoin with POLi

US Government law enforcement has transferred some 50,000 Bitcoin seized from Silk Road hackers in the past two years. The Bitcoins are worth around $1 billion and are related to multiple US government wallets.
On 8 March, addresses connected to US law enforcement transferred BTC to the second largest crypto exchange, Coinbase. Currently, some of the confiscated assets are on sale on the Coinbase exchange, while others were moved to new addresses.

The news has also triggered a dip in the price of BTC. Is the [Bitcoin bull](/news/article/bitcoin-bull-or-bubble-debate) over?

## Silk Road Bitcoin transfers

A blockchain analytical firm, [PeckShield](https://twitter.com/PeckShieldAlert/status/1633331891347820544?s=20), has shared the details of the seized [BTC](/coins/btc) transfers. According to the firm's data, a law enforcement office of the US Government made three transfers. More than 50,000 BTCs were in these wallets.

Among these transfers, most were internal. However, PeckShield pointed out that the US Government wallets transferred 9,861 Bitcoins to the Coinbase cryptocurrency exchange.

The law enforcement department also made two other transfers. One included the movement of more than 30,000 BTCs to a wallet bc1qf2…fsv. The second transfer involved around 9,000 BTCs moved to an address bc1qe7…rdg.

The firm also revealed that the US Government confiscated Bitcoins from a marketplace on the Silk Road. According to PeckShield, the agencies [seized the unlawful assets](/news/article/feds-seize-bitcoin-stolen-crypto-scam) in November 2021 and March 2022.

## BTC transfer to Coinbase may trigger a sell-off

After the announcement of the transfer of seized BTCs to the Coinbase exchange, [BTC prices dropped](/news/article/bitcoin-volatility-price-drops) significantly. Usually, the increase in the inflow of an asset in the market results in high selling pressure. A high selling pressure means the asset price is going to decrease.

![btctransfer.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btctransfer_4db9344793.png)
 
Source: [CryptoQuant](https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-inflow-total?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column)

This chart shows that the rise in BTC inflow has triggered the fall in its price. Though it does not indicate a continued sell-off in the market, it has certainly affected the current price. In the past 24 hours, the Bitcoin price dropped from $22,469 to just above $22,000.


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