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Bitcoin has had its fair share of highly volatile days since its inception. This comes as no surprise given that volatility remains one of the most prominent characteristics of the cryptocurrency and this volatility is a major pull for investors. Nevertheless, there have been days when the volatility has been higher than normal, usually following large market downtrends. One of such days was recorded recently, touching new one-year highs.
Bitcoin Volatility Rises
A recent report from Arcane Report has shown that last Thursday, Bitcoin volatility had reached highs not seen since May of 2021. This analysis used the average hourly high-low difference in the digital asset in both the spot and perpetual markets. What this returned was that the volatility levels that were marked last Thursday were in levels that had last been recorded in May 2021, a time when the market had been going through a period fraught with dips and crashes.
Related Reading | DeFi Not Spared From Crypto Massacre As TVL Drops Almost 50%
The hourly average on the high and low prices on May 12th showed a 3.68% deviation in the spot market. Comparatively, the last time numbers like these were recorded had been on May 20th, 2021. This is not the highest that volatility has been, however.

BTC volatility reaches one-year high | Source: Arcane Research
Back at the start of 2020, the volatility had been much higher given the movements in the market. The most volatile day for bitcoin would be recorded later that year in March. Match 13th, a day to remember for investors, has been billed as the most volatile day in bitcoin. The deviation in the spot market on the hourly average had touched as high as 11.91%. However, 2021 has been one of the most volatile years for the digital asset, reaching highs of 6.81% deviations.
What Triggers Volatility?
While there could be a number of factors that could trigger intense volatility in a digital asset such as bitcoin, the most obvious culprit has been periods of intense sell-offs. During these periods, the price of cryptocurrencies such as bitcoin dipped significantly, triggering even more sell-offs.

BTC dips in early hours of Tuesday | Source: BTCUSD on TradingView.com
The destabilizing effects in the derivatives markets along with leveraged positions unwinding can also lead to a ripple effect that is felt in all associated markets. Such is the case of what the market witnessed on Thursdays, leading to the most volatile day so far in 2022.
Related Reading | 44 Countries Set To Meet El Salvador To Discuss Bitcoin, Here’s What We Know
Arcane Research also notes that the spot market can also see more ‘extreme differences’ when it comes to stress compared to their perpetual counterparts. The report also added that the available liquidity in the perps market can cause active market participants to react more efficiently during growing volatility. Inversely, spot markets tend to react slower to sudden market shocks.
Featured image from Nikkei Asia, charts from Arcane Research and TradingView.com


Bitcoin has had its fair share of highly volatile days since its inception. This comes as no surprise given that volatility remains one of the most prominent characteristics of the cryptocurrency and this volatility is a major pull for investors. Nevertheless, there have been days when the volati...

bitcoinist.com

By The Numbers: Bitcoin’s Most Volatile Day Of 2022 Compared

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. 
China Is Still the World’s Second-Largest Concentration of Bitcoin Miners
The Cambridge Centre for Alternative Finance updated the organization’s bitcoin mining data and map in order to highlight 2022 hashrate statistics. In July 2021, Bitcoin.com News reported on the CCAF’s data that showed China’s hashrate dropping by 46%.
At the time, China’s government enforced a ban on bitcoin mining and a great deal of the country’s miners re-located. However, the latest CCAF stats show China’s hashrate is still very prominent as the country is the second-largest leader in terms of global hashpower dedicated to the Bitcoin (BTC) network.
The study’s authors believe the miners located in China are likely leveraging virtual private networks (VPNs) to conceal their locations. The report indicates that China’s share of the overall Bitcoin network hashrate was 21.11%.
CCAF’s data derives from the organization’s partner mining pools Foundry, Poolin, Viabtc, and Btc.com. Moreover, some of the hashrate stemming from China did not leverage VPNs and CCAF’s researchers believe those miners are comfortable with their locations unhidden.

Unites States Dominates Bitcoin’s Global Hashrate by More Than 37%
CCAF’s report notes that a “non-trivial” quantity of Chinese miners may have thought the ban wasn’t a big deal. “It is probable that a non-trivial share of Chinese miners quickly adapted to the new circumstances and continued operating covertly while hiding their tracks using foreign proxy services to deflect attention and scrutiny.”
Following CCAF’s updated data in July and October 2021, a CNBC report noted that unnamed sources told the reporter MacKenzie Sigalos that bitcoin miners were still located in China. China’s hashrate is sizable compared to a great number of other countries, however, the U.S. still dominates Bitcoin’s global hashrate by 37.69%.
CCAF’s data from last July showed the U.S. captured 16.8% of the global hashrate last year. If CCAF’s data is correct, that would mean the U.S. hashrate has climbed 124.34% since July 2021. Pool distribution metrics match with CCAF’s data as the mining pool Foundry USA has captured 19.5% of the global hashrate during the last three months. 13,182 blocks were mined during the three-month period and Foundry USA found 2,566 of them.
What do you think about the latest CCAF data that shows close to 22% of the world’s Bitcoin hashrate still resides in China? Let us know what you think about this subject in the comments section below. 



























New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin&#x2019;s global hashrate, the United States currently dominates...

news.bitcoin.com

Study: Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate

Popular Japanese figurines known as Maneki-Neko are seen to bring good luck and wealth to their owners. In light of this, the Neko Developers desire to share their progress with the cryptocurrency community, ensuring safety, security, and innovation. Introducing MANEKI-NEKO/NEKO, an ERC20 Token, a non-custodial software wallet (NekoMask), a non-custodial hardware wallet (The Neko), as well as security audits and testing (NekoGuard).
With all development in place, the Neko Token is now only accessible on the ERC-20 (Ethereum) network, and any other networks are not considered official. The team deemed it fit that the only safe and secure method to preserve all crypto assets, including The Neko Token, was the necessity to innovate and enhance the location where the assets are housed.
The Neko Token seeks not just good luck and wealth, but also safety, security, and innovation. The Neko Token is the start of a larger ecosystem for industry transformation, one that will entrench itself as the standard in the future and beyond.
Consequently, the Neko is a hardware and software wallet that includes novel security mechanisms to secure investors’ funds both online and offline.
NekoMask – The Non-Custodial Software Wallet
NekoMask is a non-custodial software wallet with upgraded features like Two-Factor Authentication (2FA), which prevents fraudulent transactions and removes any unnecessary third-party access. Other features include quick disconnect, the option to archive unneeded wallets, and unique gas modes.
The Neko development team has built pre-configured adjustable gas modes into the software wallet, allowing users to specify their preferred network fees before completing a transaction. This functionality is particularly useful for individuals that invest in new token launches or NFT minting events.
NekoMask will provide an ultra-secure software wallet with security and trading functionality that all users have long desired. It would also be accessible as a browser extension, as well as in the Apple and Google Play stores.
The Future Technology is here with the Neko Wallet
The Neko hardware wallet is a tangible device that allows investors to safely store cross-chain digital assets, such as NFTs, in a way that has never been done before. This provides actual innovation by providing features not currently accessible on the market.
As well, the Neko wallet is a complete hardware wallet solution for both individuals and businesses. It boasts a nice and smooth touch screen interface – swipe and tap – and is incredibly easy to use. Investors may own their cryptocurrency and generate Private Keys using a revolutionary offline engagement technique. To summarize, it is completely offline!
The hardware wallet, as safe, secure, and convenient as it is, requires a cable, a USB port, or some other type of physical connection to access your funds.
Interestingly, it will include further features like a Lithium-Ion Battery for portability and function on the go, the ability to view NFTs and tokens stored without connecting to a computer, Bluetooth Connectivity, which eliminates the need for any physical connection, and a Biometric Scanner, which aids in securing a unique 2FA access.
NekoGuard – A Comprehensive Project Auditing Service
NekoGuard was eventually formed as a service to symbolize the spirit of real decentralization by offering a unique method to ensure projects can manage risk and safeguard DeFi investors at a fraction of the cost of more centralized alternatives.
It includes several layers, including automated smart contract auditing, manual code reviews with dynamic testing by a team of DeFi security specialists, and brand audits of DeFi projects, as it is a full project auditing service with an emphasis on security first.
NekoGuard will give the highest precision at the speed required to keep up with the pace of DeFi, adopting a one-of-a-kind approach to execute targeted assessments with rapid feedback between projects and analysts.
Wrapping up
The Neko team is currently accepting applications for affiliate initiatives that will promote NekoMask in their community. The Neko has recently attracted 12 affiliate communities with a combined membership of over 50,000 people. Each affiliate introduces a new community to the cause, improving exposure and general knowledge. Furthermore, Neko has surpassed 1,500 holders and is growing and flourishing with each passing day.
As the company nears the release of The Neko software and hardware wallets, Neko will provide a variety of staking possibilities, generating passive revenue for its holders Stakers will be rewarded based on the number of tokens staked as a proportion of the overall staking pool.
 


Popular Japanese figurines known as Maneki-Neko are seen to bring good luck and wealth to their owners. In light of this, the Neko Developers desire to share their progress with the cryptocurrency community, ensuring safety, security, and innovation. Introducing MANEKI-NEKO/NEKO, an ERC20 Token, ...

The Neko LLC – Providing Safety, Security, and Innovation for The Future of DeFi

Time Magazine, Rarible and Aleksandra Artamonovskaja share insights into the values and visions that leading NFT projects and figureheads seek to uphold as the market enters a financial downturn. 

cointelegraph.com

NFT visionaries are doubling down on community ethos amid a bearish cycle

Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme.
Officials Share Data on Global Crypto Crime
The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met in London this week to share intelligence and data to identify sources of illegal cross-border crypto activity, Bloomberg reported Friday.
The J5 was formed in response to the call to action from the Organisation for Economic Co-operation and Development (OECD) for countries to do more to tackle the enablers of tax crime. It’s comprised of the Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD), HM Revenue & Customs (HMRC), and the Internal Revenue Service Criminal Investigation (IRS-CI).
During the meeting, the officials identified more than 50 crypto-related criminal leads, the publication conveyed.
Jim Lee, chief of criminal investigations at the Internal Revenue Service (IRS), told reporters Friday:
Some of these leads … involve individuals with significant NFT transactions revolving around potential tax or other financial crimes throughout our jurisdictions.
He added that one lead “appears to be a $1 billion Ponzi scheme,” noting that this lead “touches every single J5 country.”

Moreover, the officials have identified leads involving decentralized exchanges and financial technology companies, Lee said, adding that there could be announcements on “significant targets” as soon as this month.
Niels Obbink, chief and general director of the Dutch Fiscal Information and Investigation Service (FIOD), told reporters:
NFTs are one of the new modern digital ways of trade-based money laundering.
Obbink noted that crypto has “less control and less supervision and a limited regulation that makes it vulnerable for fraud.” He stressed, “it must have our attention.”
What do you think about countries sharing data on crypto crime? Let us know in the comments section below.



























Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chi...

Frax Share price	$7.06
Low - High 24H	$7.01 - $7.41
Market cap	$425.75M
Volume 24H	$12.29M
All time high	$42.80 -83.44% January 12th 2022
All time low	$1.50 371.63% June 25th 2021
Genesis date	N/A

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