BREAKING: Thousands of computer servers around the world have been targeted by a ransomware hacking attack, Italy's National Cybersecurity Agency said - Reuters
1/ The SEC filed a complaint yesterday accusing ten companies of violating the securities laws: nine digital asset issuers & one exchange.
None of them are defendants in the case. None of them will get their day in court.
If this isn't regulation by enforcement, nothing is 🧵
JUST IN - China's Supreme Court just declared #Bitcoin transactions illegal.
If caught making a transaction violators will be criminally prosecuted, with a punishment of up to 10 years in prison and fines of up to $79,000.
As you know S2F model predicts $100K average for this halving period (and based on floor model we reach $100K this yr). But S2FX model predicts $288K average this cycle (we need some real fireworks in 2022 for that). Let's see where this 2nd leg of the bull market will take us🚀
On-chain analyses finished tonight: IMO we are midway, no sign of weakness (red) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go.