Twitter Integrated BTC – Massive Bitcoin Option Expires, Should You Care?

Almost $ 3 billion bitcoin option expires

The Bitcoin price fluctuated yesterday around the threshold of 44,000 – 42,000 USD, other Altcoins also fluctuate in price according to BTC. After more than 3 consecutive days of BTC with a higher deposit on the exchange, the amount of BTC withdrawn from the exchange dominated on the last day. This is a good trend for the BTC price.

Then there was a FUD message of China’s push to ban crypto, which caused the price to drop to $ 41,000. Derived from an article by Bloomberg. They said the People’s Bank of China said crypto-related transactions were viewed as illegal financial activities, including services provided by overseas exchanges. It added that cryptocurrencies, including Bitcoin and Tether, are not fiat currencies and cannot be circulated. However, Bloomberg has not given an official source.

China was previously strict and this information is just a replication of what the government provided in 2017. The Chinese government is printing nearly $ 100 billion this week to support Evergrande. Perhaps because China fears people are taking money to buy Bitcoin for fear of high inflation, so they just released information on September 15th to remind people of China’s laws, but it is only being shared now, exactly on the day of bitcoin.

A much discussed event is the news that over $ 2.9 billion in Bitcoin options is expiring today. And the max pain price, which is the price with the most loss options, is $ 44,000.

The conspiracy theory holds that the market will be forced to push the price down to the maximum pain price, since then the number of losers will be highest. However, Thuan believes this is an option to buy or sell, so this event won’t have too much of an impact on the BTC price.

Looking back at the coins that were at the top in BTC’s historical years such as 2013, 2017, only BTC continues to hold the top position. Other altcoins in the top 10, top 20 have changed continuously over the years. Hence, when investing, it is important that we need to take profits in order to protect the profits we make from investing BTC and Altcoins.

Twitter officially adds Bitcoin and NFT to the social network

Apple’s iOS Twitter users can now connect restricted third-party services to their profiles on the Twitter social network. This includes the ability to both link Bitcoin addresses and process transactions over the Lightning Network at very low fees.

Twitter also announced today that it will add non-fungible token verification (NFT) capabilities to the platform, a major step in the development of an explosive trend toward digital art, particularly the avatar on social media. No specific schedule has been specified for this feature, the feature is still under development.

Jack Dorsey, CEO of Twitter and Square, is also promoting the adoption of BTC and making BTC a part of everyday life.

Bitcoin.org website hacked

The bitcoin.org website is inaccessible after a gift scam. Early Thursday, a pop-up message blocked the homepage screen inviting visitors to deposit money into a Bitcoin wallet. The message says that the amount will be doubled and returned. The news claims it’s because the Bitcoin Foundation is “giving back to the community.”

The announcement states that only the first 10,000 users can take advantage of this offer. The message contains a QR code for the wallet and its address. All other functions of the website were limited at this point because the user could not see the message.

The fraudulent gift address received more than $ 17,700. This is a very well known scam, but a lot of people are still being scammed.

Kraken allows users to purchase over 50 cryptos through Apple Pay and Google Pay

Kraken crypto exchange users will now use Apple Pay and Google Pay after the platform announced support for these two wallets.

In a blog post, Kraken points out that users can now automatically connect the Kraken app to the two payment platforms and buy more than 50 cryptocurrencies.

The exchange notes that users with payment apps can buy digital currencies for as little as $ 10, with the maximum limit set at $ 7,500 for a seven-day rotation. This integration of Kraken Exchange will make it easier for them to reach more users and bring the payment methods people are used to from everyday life into the crypto experience.

Binance helps law enforcement agencies spot criminals

Binance is facing criminal investigations in the USA, Great Britain and Japan, among others. Not only is Binance the largest cryptocurrency exchange right now, but they also want to show their willingness to partner with major government and law enforcement agencies.

As a result of its activities, Binance has discovered a number of accounts linked to the addresses of criminals mentioned in the notice from the OFAC financial crime control agency. Binance then notified OFAC and assisted the agency in freezing the criminal accounts.

This is also Binance’s way of showing its willingness to continue working with law enforcement and showing that crypto can be useful in tracking financial crime.