Mediaboss Marketing

In the early days of October, the price of ETH (Ethereum) has suffered more than that of BTC (Bitcoin). In particular, while Bitcoin has held up quite well, Ethereum, on the other hand, appears to be declining.

At the beginning of the month, the price of ETH was around US$1,675, up from the end of September.

After reaching as high as 1,750 USD on October 2, it began a slow descent, bringing it first to 1,600 USD three days later, and then even just above 1,500 USD yesterday.

Right now it is losing 7.5% since the beginning of the month, and almost 12% from its October highs.

However, one has to extend the analysis to the past months as well to get a better idea of what is happening.

In fact it has gained 34% since the beginning of the year, but practically all the gain was in early January. In fact, the current value corresponds to that of January 14, which is the one on which the very rise at the beginning of the year stopped.

It should be mentioned that between March and April it rose as high as 2,140 USD, a level that has still not been exceeded since then.

Then again, that rise in March and April was due to the anticipation of the Shapella update, and once that was exhausted everything returned to normal.

Suffice it to say that by mid-June it was back below 1,700 USD, which is a level in line with that of January 20.

What was perhaps a little surprising is the descent below 1,700 USD, which began in mid-August, and perhaps ended just yesterday. Actually already on September 11 it had fallen to $1,530, but yesterday it updated this low for the second half of 2023.

Right now it is at -68% from the highs of 2021.

The parabola of BTCs price in this 2023 has been similar, but it began to differ sharply just in October.

Specifically, if at the beginning of the month the price was around US$27,000, the current price is only 0.6% lower.

Moreover, given that it has now been lateralizing around 27,000 USD since mid-March, we can say that it did not fall in October as ETH did.

Moreover, compared to the beginning of the year it is gaining 67%, compared to ETHs 34%, and compared to the 2021 highs it is at -61%.

Even in mid-August, when Ethereum made a -16% in three days, in the same period Bitcoin was limited to a -14% that already hinted at a possible differentiation.

The most substantial difference is the one that has accumulated since April 21, when Bitcoin was always at around US$27,000, while Ethereum was above US$1,800. Since then, the price of BTC has lost almost nothing, while ETH is at -16%.

Very interesting is to examine the evolution over the months of the ratio of the market capitalization of Bitcoin to that of Ethereum.

Currently, that ratio is about 2.81 times, with the 2023 peak recorded just three days ago at 2.86.

It should be noted that at the beginning of the year that ratio was only 2.17 times, and that the annual low occurred on January 11 at 2.02.

It has practically been doing nothing but rising since the second half of January, albeit by a small amount.

Even in April, during ETHs mini bull run due to the Shapella update, it was still going up, so much so that it exceeded 2.5.

In other words during 2023 Bitcoins uptrend against Ethereum was never seriously challenged.

It should be noted that the last time values similar to the current ones were recorded was in the first half of July last year, which was after the failure of Celsius and BlockFi following the implosion of the Terra/Luna ecosystem. Also during the all-time highs in November 2021 it was below 2.3.

This apparent decline of Ethereum is actually not at all abnormal.

Something similar in fact was also found during the long crypto winter of 2018/2019, with the price of ETH losing more than Bitcoin and then gaining more than BTC during the bullrun.

Therefore, this is not a true decline, but a different reaction to bear-market and bull-market.

In particular at this time it simply seems that the price of Bitcoin is more resilient.

In this month of October for example, the Dollar Index has remained very high, above 106 points, even rising above 107 points at the beginning of the month. This rise highlighted a small flight from risk-on assets, which penalized Ethereum but did not penalize Bitcoin too much.

The difference can also be seen by comparing the trend with that of the gold price.

The ultimate safe-haven asset over the past two weeks has risen only 2%, so much so that the current level is still lower than it was on September 27, for example. During the same period, Bitcoins price has lost almost nothing, while Ethereums has lost 7.5%.

The anomaly lies in the resilience of BTC, rather than the suffering of ETH, since the latter is for all intents and purposes a risk-on asset. It is as if Bitcoin is considered less risky than ETH.

Read this article:

The price of Bitcoin and Ethereum - The Cryptonomist

Bitcoin network horsepower continues to climb, which is good news for its security but bad news for miners who are now facing more competition than ever.

Bitcoins hashrate hit a new peak on October 12 of 447 exahashes per second, according to Blockchain.com.

Bitinfocharts has a slightly higher average figure of 481 EH/s, but both are in agreement that it is the highest the metric has ever been.

Hashrate has climbed 77% since the beginning of this year and is up 170% since the bull market peak in November 2021. This means that it is now harder than ever to mine the next block on the chain.

Moreover, the next difficulty adjustment in a few days could be as high as +7.4%. Difficulty is a measure of the competition between miners, and it is also at an all-time high of 57.3T.

The net effect is a decrease in mining profitability, also known as hashprice. Hashprice, which refers to the expected value of 1 TH/s of hashing power per day, has fallen to $0.06 per TH/s per day.

This is down 85% since the bull market peak of $0.40 per TH/s per day as mining profitability slumps.

Bitcoin miners are currently being hit with a triple whammy of high hash rates and difficulty, low asset prices, and high energy costs.

Moreover, JPMorgan predicted that hash rates would drop by 20% after the next halving in late April or early May.

Earlier this week, trader Oliver Velez pointed out that the United States has the largest share of global hashrate at 40%. Furthermore, asset management giant BlackRock has invested in several of the largest Bitcoin mining firms Riot Platforms, Marathon Digital, Cipher Mining, Hut 8, and Terawulf. It also lent money to bankrupt Bitcoin miner Core Scientific in December.

It is clear that the U.S. is playing to win the hashrate war, he said.

If Bitcoin prices do not improve soon, there may be another miner capitulation. The upcoming halving in around six months time will double the headache for miners as the block reward is halved.

It was predicted that BTC prices would need to reach around $90K for mining to remain profitable at current levels.

However, markets are going in the opposite direction at the moment. BTC remains unchanged on the day at $26,844; however, it has lost 4% since last weekend.

There is solid support at the $26K level, which could be where it is heading in the short term.

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Read more here:

Bitcoin Hashrate Hits New Peak as Miners Feel The Pressure - CryptoPotato

Cyber actors have demonstrated their continued willingness to conduct malicious cyber activity against critical infrastructure by exploiting Internet-accessible and vulnerable Operational Technology (OT) assets. To counter this threat,NSA has released a repository for OT Intrusion Detection Signatures and Analytics to the NSA Cyber GitHub. The capability, known as ELITEWOLF, can enable defenders of critical infrastructure, defense industrial base, and national security systems to identify and detect potentially malicious cyber activity in their OT environments.

Civilian infrastructure has become an attractive target for foreign powers attempting to do harm to U.S. interests. Because of the increase in adversary capabilities, the vulnerability of OT systems, and the potential scope of impact, NSA recommends that OT critical infrastructure owners and operators implement ELITEWOLF as part of a continuous and vigilant system monitoring program.

For more detailed information,visit the ELITEWOLF page on NSAs GitHub.

ELITEWOLF is being released as a follow up to theProtect Operational Technologies and Control Systems against Cyber Attacks Cybersecurity Advisory.

Read more at NSA

More here:
NSA Releases a Repository of Signatures and Analytics to Secure Operational Technology - HS Today - HSToday

Cyber actors have demonstrated their continued willingness to conduct malicious cyber activity against critical infrastructure by exploiting Internet-accessible and vulnerable Operational Technology (OT) assets. To counter this threat, NSA has released a repository for OT Intrusion Detection Signatures and Analytics to the NSA Cyber GitHub. The capability, known as ELITEWOLF, can enable defenders of critical infrastructure, defense industrial base, and national security systems to identify and detect potentially malicious cyber activity in their OT environments. Civilian infrastructure has become an attractive target for foreign powers attempting to do harm to U.S. interests. Because of the increase in adversary capabilities, the vulnerability of OT systems, and the potential scope of impact, NSA recommends that OT critical infrastructure owners and operators implement ELITEWOLF as part of a continuous and vigilant system monitoring program. For more detailed information, visit the ELITEWOLF page on NSAs GitHub.

ELITEWOLF is being released as a follow up to the Protect Operational Technologies and Control Systems against Cyber Attacks Cybersecurity Advisory.

NSA Media Relations MediaRelations@nsa.gov 443-634-0721

View post:
NSA releases a repository of signatures and analytics to secure ... - National Security Agency

FORT MEADE, Md. This National Hispanic Heritage Month, were proud to bring you the Mucho Gusto! or Nice to meet you! series of weekly interviews featuring members of NSAs Hispanic and Latino (HLAT) Employee Resource Group (ERG). Our interviewees embrace what we share in common and celebrate what makes us unique, in keeping with the years theme, Todos Somos. Somos Uno: We are all. We are One. This week, wed like to introduce you to ERG member Sandra Perez.

Where are you originally from and what would you like to share about your upbringing? I was born and raised in Pharr, Texas. Growing up in a town so close to the border, my favorite memory was carrying our Mexican traditions such as spending Navidad at our house and preparing the tamales, the decorations, playing outside with my cousins, popping fireworks and breaking the piata before gathering for dinner and the opening of the regalos. What does this years NHHM theme Todos Somos. Somos Uno: We are all. We are One mean to you? To me, it means that we all come from different places and cultures and somehow, when separated from home and placed in military environments and/or NSA settings, we gravitate towards finding each other. We do it to not only provide a sense of familiarity but to create a strength within that allows us to be wildflowers, to flourish in places where one wouldnt normally. How has your ethnic heritage shaped the person you are today, personally or professionally? Being first generation Mexican-American, I would say that my ethnic heritage has shaped me to become the first in my family to join the military. Witnessing my parents pick up their lives and move to a different country to provide a better future for me and my siblings, I always felt a sense of responsibility to demonstrate that my parents sacrifices were fruitful. I know that with their support and the ambition they have instilled in me, I can continue to break barriers and accomplish anything I set my mind to. How did you come to work for the Agency and what part of your job do you love the most? I came to work for the agency through the military. I enlisted with the Air Force as a Special Signals Analyst and entered the agency in December of 2021. After spending a year and a half operating the Air Force mission, I transitioned to NSAs Talent, Learning & Development organization within the National Cryptologic University as a curriculum advocate for the school of Leadership & Business. The part that I love most about my job is the countless resources and opportunities it has to provide career development and growth. Due to this, I have been able to build a network and make connections with people in a very welcoming and helpful environment. If I handed you a magic wand, what would be your ideal workplace in terms of diversity, equality and inclusion? What does that look like for NSA as a whole? My ideal workplace in terms of diversity, equality, and inclusion is a working environment where my actions and opinions are valued. That includes knowing your employees beyond just a title or job description. What advice would you have for aspiring NSA employees? The advice I would give to aspiring NSA employees is to reach out of your comfort zone, take initiative, search for the unknown, and take a chance at every opportunity given. With this mentality, I have found my road to becoming a leader very rewarding and fast-paced. Extra question: If you could pick one word to represent what NHHM means to you, what would it be? PRIDE! Orgullo!

To start a career journey at NSA like Sandra,visit NSA.gov/careersorintelligencecareers.gov/NSA for more information on employment opportunities.

Visit link:
A Flourishing Wildflower: Sandra Seizes the Day at NSA - National Security Agency