AUO Display Plus Acquires Digital Signage Software Rise Vision

Industrial and Commercial Display Solutions Provider Adds Education Focused Digital Signage Software Provider To Broaden Service Offerings

HSINCHU, Sept. 1, 2022 /PRNewswire/ — AUO Display Plus (ADP), a wholly-owned industrial and commercial display subsidiary of Taiwan’s AUO Corporation (TWSE: 2409), has acquired the long-running cloud-based digital signage software company Rise Vision (www.risevision.com), strengthening ADP’s growing portfolio of partners and enabling them to help organizations communicate better using digital signage solutions.

As a leading provider of industrial and commercial displays, ADP expects to bolster its range of smart display solutions with value-added software capabilities and provide customers with more choices and flexibility while extending Rise Vision’s SaaS (Software as Service) business reach to more applications and areas like retail, enterprise and hospitality.


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“Rise Vision partners with ADP to provide digital signage solutions that help organizations communicate better,” said Brian Loosbrock, CEO of Rise Vision. “With easy to use software, compatibility with a wide range of hardware, and 500+ professionally designed templates, organizations can be up and running in minutes.”

The acquisition of Rise Vision provides ADP with deeper expertise in the education market and subscription-based SaaS services, tapping into Rise Vision’s expertise to enable a new service for ADP’s worldwide customer base.

“The acquisition of Rise Vision is an important milestone for ADP,” said SH Liao, President of ADP. “The demand for SaaS applications is growing rapidly, and the integration of software and hardware will become a major competitive factor. Rise Vision’s business model can help our customers succeed in their respective vertical markets.

“The partnership will provide us with an opportunity to expand the depth of solutions we can provide in the future,” said Loosbrook. “Rise Vision will continue to provide easy to use software, new templates added each week to save customers hours of content creation time, amazing customer service, and simple, affordable pricing. We’re excited to start this new chapter in our long history with ADP.”

About AUO Display Plus

AUO Display Plus is AUO’s industrial and commercial display subsidiary and offers a complete end-to-end display service, from R&D to sales and customer service. AUO Display Plus integrates its leading display technologies with value-added software solutions for retail, enterprise, education, transportation, and healthcare. AUO Display Plus collaborates with partners in different domains to co-create complete solutions and one stop services that help businesses accelerate their smart transformations and create greater value. Headquartered in the Hsinchu Science Park, Taiwan, AUO Display Plus operates global offices in Mainland China, Japan, the United States, and Europe.

About Rise Vision
Rise Vision is used in 100+ countries, by organizations of all sizes, highly rated, and deeply dedicated since 1992 to making it easy for organizations to communicate better using digital signage. With easy to use software, compatibility with a wide range of hardware, and 500+ professionally designed templates organizations can be up and running in minutes. Rise Vision adds new templates each week saving organizations hours of content creation time allowing them to focus on the message they’re communicating. Rise Vision is based in Ontario, Canada with affiliates in the U.S.

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Making it Automated – If This Then That

World OTC Passive Income System Profits

OFFICIAL LINK HERE

If you are planning to make some easy profits by trading crypto currencies and Fiat currency, but you don’t want to do any of you have the lifting, then the World OTC passive income system is definitely something where you could check out.

The World OTC income system was just created around three weeks ago, but has already made a massive impact in the trading community. The reason why it has made such a massive impact is because it is a passive income system that allows you to make daily profits without actually having to do any trading. It is in this sense an automated trading system you can sit back and watch the profits accumulate.

With that being said, we don’t want you to take our word for it, so we are here to provide you with solid proof that the World OTC passive income system does actually work. Our very own Andrew has been using this system for over 2 weeks now, and these profits are very good.

Today, we’re here to talk about exactly how much money the World OTC system can provide you with. We’re also here to talk about other things such as withdrawals and how to turn this system into a fully automated money making powerhouse. Let’s start off by providing you with a bit of background information about this program just in case you don’t know exactly what it is.

World OTC

What Exactly is World OTC Software?

The World OTC system is a fully functional passive income system designed to provide you with profits without you actually having to do any work. This is of course the beauty of passive income systems like this. They do all of the trading, research, and analysis for you, so you actually have to do any of the heavy work. This is of course ideal for people who don’t know how to trade or just don’t have the time to trade. It’s something that you can just turn on and let it trade for you.

Now, just in case you might be having word OPC system provides you with profits, it does so through what is known as arbitrage trading. Arbitrage trading is a tested and proven method of trading that is shown to produce quite reliable profits.

Arbitrage trading involves using a series of high quality algorithms and expert traders to stand the market, particularly for exchanges that sell and buy crypto currencies and Fiat currencies. The point here is that these high quality algorithms will stand all of these exchanges to see which ones sell various crypto currencies and Fiat currencies at the very lowest prices. The algorithms or the World OTC system will then by all of the lowest cost in crypto currencies possible.

These algorithms will then scan the market to see which of the exchanges will buy back those crypto currencies and Fiat currencies for the highest possible places. In other words, the underlying methodology of this particular passive income system is buy low and sell high. The point here is to buy something as low as possible and then to sell it back for a profit. Yes, this doesn’t mean that the prophets here aren’t huge, but they are very reliable.

On average, you can expect the system to produce anywhere from 3.2% to 4% in profits on a daily basis, particularly if you let the profits compound. The other really neat thing about the World OTC system is the fact that it allows you to withdraw money up to 8 times per day. The reason for this is because there are eight separate trading sessions per day, each of which you do have to activate manually, and each trading session lasts for just three hours. Between each of these eight trading sessions, you can withdraw your profits, something else that we are going to touch on below.

Andrew’s Current Profits and Withdrawals

So, and it’s now been using this system for well over two weeks, and he has indeed been very successful with the World OTC program. Over the course of 13 days, Andrew managed to make over $5000 in profits with the World OTC program. Keep in mind that Andrew first invested $10,000, and now has an account balance of well over $15,000.

World OTC

On average, the program produced anywhere from $250 to $500 per day in profits, or without Andrew actually having to do any hard work or heavy lifting. The simple reality is that the World OTC passive income system does indeed work as advertised, and produces just as much, if not higher profits than it claims. Just take a look at the screenshots and the videos that we have included here for proof.

What we also want to take note of is the fact that making withdrawals with the World OTC passive income program is indeed possible. This is not like other trading system that scam you out of your money by refusing to allow you to withdraw it. As you can see from the included video below, Andrew was indeed able to make a withdrawal last week, and it came through successfully.

You keep in mind that any withdrawals have to be made with the same currency that you deposit, which with this particular passive income system has to be the USDT TRC 20 token. Therefore need a wallet to withdraw this token into, which you can then move to trade with or to convert into regular currencies.

Making it Fully Automated

Would you just want to mention that the World OTC passive income system is not actually fully automated because you do need to activate each of the eighth daily trading sessions. That said, there is a Full Auto script that you can download and install, which will effectively take care of this issue and allow you to use this program in a fully automated manner. In other words, with simple software script, you can turn the system into a fully automated money making powerhouse. Check out the video that we have included below for instructions on how to download and install this Full Auto script.

PPDS at InfoComm 2022: New Products, People, Partnerships on Display

PPDS(opens in new tab), the exclusive global provider of Philips digital signage, interactive displays, direct view LED, and professional TV products and complementary solutions, confirmed its participation at InfoComm 2022, in the North Hall of the Las Vegas Convention Center.

Exhibiting on Philips Booth N2021, PPDS hails this year’s InfoComm as one of the most significant in its North America history. The company will deliver a series of important business updates, including a brand-new range of products and solutions within its digital signage, videowall, and business TV range. Exciting new partnerships and recently hired, industry-renowned team member announcements will also be revealed.

[Executive Q&A: Back to Business at InfoComm 22](opens in new tab) 

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“We are delighted to be returning to Las Vegas and to be part of this year’s InfoComm event,” commented Vince Schuster, vice president, professional displays, North America at PPDS. “InfoComm is one of the most important dates in the Pro AV event calendar and we’re excited to be showcasing some of our latest and greatest Philips professional displays and solutions, supporting all key verticals, including retail, corporate, business and industry, and a growing area of focus: education.”

PPDS will also be announcing some important strategic growth news, as the company seeks to quadruple global unit sales, and to become a top-3 player in North America within the next five years.

“ISE 2022 was a tremendous success for PPDS, and with the products and solutions now being confirmed and showcased for InfoComm, including the brand-new Philips E-Line interactive display for education, the Philips booth is one you won’t want to miss,” added Patrick Van Treese, education sales manager, North America at PPDS.

[PPDS Brings Apple TV App to Philips MediaSuite Hospitality TVs](opens in new tab)

In addition, the Philips stand will provide the first opportunity for partners in North America and beyond to view, experience, and receive demonstrations of some of the latest solutions unveiled in Barcelona during ISE 2022, this month. These include: 

  • Philips E-Line: A brand-new range of advanced interactive 4K displays for education, offering effortless wireless sharing and collaboration in and out of the classroom, and the first display from PPDS to feature a new generation of zero gap, zero latency touch screen technology.
  • Philips 6000 Series DVLED: A brand-new range of highly flexible, beyond 8K, direct view LED displays, bringing unrivalled performance and effortless bezel-free installations, designed to cater exclusively for 16:9 content, to meeting rooms, boardrooms, auditoriums and lobbies.
  • Philips 7000 Series DV LED: PPDS’ most energy efficient, high bright DV LED range to date, offering 3500 nits brightness—capable of coping with even the most difficult lighting conditions, including direct sunlight—unrivalled image quality and creativity to installations of any shape, size or location.
  • Wave: An evolutionary new cloud platform unlocking the power, versatility and intelligence inside Philips professional displays, designed for, and in collaboration with system integrators to install, control and manage Philips professional displays remotely from any location.

“PPDS has been on an incredible journey over the past 12-18 months and this year’s show will mark a significant evolution of the business as we embark on the next phase of growth,” Schuster concluded. “We look forward to meeting and sharing these updates with our partners, consultants, and end users in Vegas and to you joining us on the journey. It’s going to be a great show.”

AVNetwork Staff 

  • (opens in new tab)

The AVNetwork staff are storytellers focused on the professional audiovisual and technology industry. Their mission is to keep readers up-to-date on the latest AV/IT industry and product news, emerging trends, and inspiring installations.

WIRELESS POWER FOR DISPLAYS IS HERE … KINDA SORTA

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DV LED Goes Mainstream Special Report

WIRELESS POWER FOR DISPLAYS IS HERE … KINDA SORTA

September 1, 2022 by Dave Haynes

One of the reasons ops and deployment people who are active in digital signage and AV companies tend to insist on doing site visits and surveys before starting on projects is that they want to see what they’re up against with the location, and check on things like the availability of power.

Often, there’s no power where it’s desired – like in the aisles of big box retail stores. Which means more cost and time.

That’s had people dreaming that one day power would be available wirelessly – so that a display could go where it needs to go, without all the capital costs and labor of running electrical wire and conduit. That dream, it appears, is starting to become a reality.

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Researchers at a South Korea university have discovered and started talking about a method to wirelessly transmit power, over the air, to devices up to 30 metres away“The ability to power devices wirelessly could eliminate the need to carry around power cables for our phones or tablets,” research team leader Jinyong Ha, of Sejong University, tells Optics Express“It could also power various sensors such as those in Internet of Things (IoT) devices and sensors used for monitoring processes in manufacturing plants.”

The system uses infrared light to safely transfer what the researchers call high levels of power. Lab tests confirmed transfers of 400 mW light power over distances of up to 30 meters. The infrared light fires from a transmitter  to a receiver, where a photovoltaic cell absorbs the light and produces electricity.

Right now, the set-up has the juice moving wirelessly to power things like IoT sensors, and the proposition is that it can be boosted to the levels necessary to charge mobile devices. Researchers also think it will gradually get to a power level that everyday devices – like TVs – can be supported.

The researchers also stress there are methods in place that make the power delivery safe, as I suspect many reading this are wondering if they would burst into flames if they walked through the path of the beam.

Nope.

While these results are coming out of a lab, there’s already an Israel company marketing a B2B wireless power solution and a small shelf-edge video display intended for retail and hospitality digital signage applications.

Wi-Charge says its over-the-air wireless charging solution “can charge devices in a 30-foot range, eliminating the hassle of cables and batteries to give end-users the freedom they crave, and product designers the power they need to usher in the next generation of mobile and smart devices. Wi-Charge systems and devices are already deployed in multiple commercial venues in the United States, Israel, and around the world.”

Wi-Charge has partnered with a restaurant furniture supplier, Charter House, to develop “a full-color video display with built-in over-the-air wireless charging that allows marketing teams to promote and engage their customers right at the table and bartop. With the wireless charging capabilities, restaurant owners do not have to hardwire each table or worry about the displays ever losing power. The displays can be loaded in real-time with promotional content such as in-meal offers, or special deals on a future visit to the restaurant. This helps create closer connections with customers, differentiates the restaurant’s services, and drives greater revenue.”

Wi-Charge says its transmitter is “certified safe for consumers in all usage scenarios. Power is delivered only to the target device and does not bathe the environment with unwanted radiation.”

There are, of course, some wireless options already on the market, using batteries. For larger displays, that requires plugging them in overnight to re-charge. For smaller, e-paper displays, like ESLs or meeting room signs, that means swapping out batteries at some point. The proposition here is that no swap will be needed.

The Devil’s Advocate point here, perhaps among a few, is that this set-up requires a receiver – which means extra electronics. So it would not just work with equipment already manufactured or in the field. Maybe a dongle at some point? I dunno. Don’t look to me for engineering smarts.

WIRELESS POWER FOR DISPLAYS IS HERE … KINDA SORTA

Supply Chain Game ChangerTotal Cost of Ownership Procurement Model Failure – What’s Missing?

Site logo imageSupply Chain Game ChangerTotal Cost of Ownership Procurement Model Failure – What’s Missing?

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices.

But many dynamics that we have experienced in the last few years suggest that these models are less than optimal. From chronic global Supply Chain breakdowns during the pandemic through to disruptions caused by outsourcing and single points of failure, sourcing decisions have been exposed as being less than ideal.

What is the current nature of these Total Cost of Ownership models, and what needs to change to make their use more robust and responsive?

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Urgency builds around crypto’s regulatory clarity in the U.S.

Christy Goldsmith Romero Commissioner, Commodity Futures Trading Commission (CFTC)
Christy Goldsmith Romero, CFTC commissioner, at an Axios event in Washington, DC, Tuesday, June 14. Photo: Cheriss May/Axios.

Representatives from both the U.S. legislators and administration officials expressed urgency Tuesday around providing clarity to the digital asset or blockchain industry during Axios’ “Crypto and the Investing Space” event.

Why it matters: If the rules in an industry are fuzzy, the bad actors are fuzzy, too.

Driving the news: “I’d wave a magic wand tomorrow and start defining some of these things,” Rep. Darren Soto (D-Fla.) said Tuesday morning.

  • Similarly, Christy Goldsmith Romero, a newly appointed commissioner with the Commodity Futures Trading Commission (CFTC), said, “I am certainly of the opinion that I would like Congress to act.”

State of play: At the top level, entrepreneurs in the cryptocurrency industry and their billionaire backers have long complained that they don’t have any idea what is or isn’t against the rules in the U.S.

  • At the grassroots, many investors have done very well investing in cryptocurrency but many others have lost life changing amounts of money.

At both levels, people are calling for government leaders to catch up.

Zooming out: The big question facing governments right now is this: are the rules that already exist for investors adequate to the task of managing cryptocurrency markets? Or should lawmakers and regulators start fresh?

  • The answer so far: TBD.

What they’re saying: Soto, who co-chairs the Congressional Blockchain Caucus, said he would “start defining” terms relevant to the cryptocurrency industry.

  • He was speaking to his view that crypto tokens and coins could be “a commodity, a security, a currency — it could even be a future. Trying to fit it into a 20th century box didn’t work and isn’t working now,” he told Axios’ Hope King.
  • “This is an example where existing laws are just antiquated,” he said.

Soto appeared to express frustration at the pace of legislation, expressing regret that most of his colleagues want to get the administration’s take on these questions before writing new laws.

  • “Our job is to pass new laws to evolve to what society has,” he said.
  • Meanwhile, Soto described the light touch approach that he and his colleagues on the Blockchain Caucus would prefer.
  • “We want to make sure we have guard rails for the most blatant frauds you can see, like pump and dump,” he said, rather than going further and trying to protect people against market risk.

Soto declined to specifically endorse the recent legislation from Senators Lummis and Gillibrand, but he did note, “We definitely agree that the SEC jurisdiction should be narrowly defined.”

Yes, but: Goldsmith-Romero described the task of those working under existing legislative authority now — the agencies — as attempting to see what’s ahead. “I think we’re looking into the future and asking where we should build the road,” she said.

But they are doing so blind, she complained.

  • Victims and whistleblowers are the chief way agencies find out where to look for trouble in the crypto industry right now, she said.
  • “The CFTC doesn’t have any regulatory authority. We can’t look at books and records,” she said.
  • “We’ve got a pretty sizable market that’s essentially unregulated. Regulators have no window into it,” she went on.

Nevertheless, she said, the CFTC has taken something like 50 actions in the space and also enabled 11 crypto-focused products to trade in the markets it regulates, under its mandate to enable responsible innovation.

The bottom line: “If regulation fails to keep pace with technology, the most vulnerable people are going to be hurt,” Goldsmith-Romero said.

Watch the full event here.

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.
A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.Michael M. Santiago / Getty Images

The cryptocurrency world is in chaos.

Just months ago, crypto companies were advertising heavily during the Super Bowl after virtual currencies enjoyed a dizzying rally in 2021.

Today, Bitcoin and other cryptos are plunging, and companies such as Coinbase, which runs the largest crypto exchange in the U.S, are announcing layoffs.

“The crypto house is on fire, and everyone is just rushing to the exits because there is a complete loss of confidence in the space,” says Ed Moya, a senior markets strategist at financial firm Oanda.

Here’s what’s going on.

Why are cryptos falling so sharply?

Because they are being hit by the same factors impacting stocks and other assets.

Consumer prices are surging at the fastest annual pace in over four decades, and the Federal Reserve is hiking interest rates aggressively to bring down inflation.

On Thursday, the Fed raised rates by three-quarters of a percentage point and indicated it could raise them again by the same amount at its next meeting in July if needed to cool down prices.

Higher interest rates make borrowing costs more expensive for people and companies, and that’s raising concerns about an economic recession.

Stocks have fallen dramatically from records set in January, with the broad S&P 500 index entering a bear market this week (when an index falls 20% or more from its recent high).

Cryptocurrencies have hardly been immune. Since Bitcoin hit an all-time high in November, the value of the world’s most popular digital currency has fallen by about 70%, and its rivals are also suffering. Ether is down by around 70% this year, and so is Dogecoin.

Bitcoin’s backers have always claimed the digital currency would be an “inflation hedge,” but in fact, it hasn’t behaved that way.

As shares of tech companies have plummeted, so has Bitcoin’s value.

“What this episode, this crash in crypto prices, shows is that cryptocurrencies are by and large speculative financial assets that are subject to macroeconomic forces, such as changes in interest rates,” says Eswar Prasad, an economics professor at Cornell University.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Thursday. Fears about the Fed's aggressive actions against inflation have raised concerns about the impact on the economy.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Thursday. Fears about the Fed’s aggressive actions against inflation have raised concerns about the impact on the economy.Spencer Platt / Getty Images

So what does this mean for cryptocurrency companies?

The sharp falls in cryptocurrencies are driving some companies into problems.

Celsius, which takes cryptocurrency deposits from individuals and lends them out, stopped withdrawals because it’s facing financial trouble. Binance, a cryptocurrency exchange, halted Bitcoin withdrawals for several hours on Monday.

The problems at Celsius are undermining confidence in the broader cryptocurrency space just weeks after the collapse of a stablecoin called TerraUSD.

Crypto companies are responding by re-evaluating their plans for the future.

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Coinbase, a cryptocurrency exchange platform, reduced its staff by almost a fifth.

In a memo to staff, the company’s CEO said Coinbase “grew too quickly.”

“We appear to be entering a recession,” Brian Armstrong wrote.

Some backers of cryptocurrencies still believe a “crypto winter” could lead to a “crypto spring.” In the past, deep downturns have led to strong rebounds.

But according to Moya, the analyst at Oanda, the economic landscape is different now, and so is crypto’s outlook.

In fact, with the Fed continuing to raise interest rates aggressively and with inflation still high, there is likely to be more pain ahead across all markets, including cryptocurrencies.

Fed Chair Jerome Powell speaks during a news conference at the Federal Reserve Building in Washington, D.C., on Wednesday. The central bank raised interest rates by three-quarters of a percentage point, its biggest hike since 1994.
Fed Chair Jerome Powell speaks during a news conference at the Federal Reserve Building in Washington, D.C., on Wednesday. The central bank raised interest rates by three-quarters of a percentage point, its biggest hike since 1994.Olivier Douliery / AFP via Getty Images

What dose this mean for those who got into cryptos?

It’s been a rude awakening for the millions of people who bought cryptocurrencies, especially if they got into the craze last year.

Prasad says 2021 was “the height of crypto mania.”

The total value of all the digital currencies in the world swelled to $3 trillion. Crypto companies inked sponsorship deals with professional sports teams, and Coinbase, Crypto.com, eToro, and FTX shelled out millions of dollars to buy ads during the Super Bowl.

Crypto.com hired actor Matt Damon as a spokesman, and an FTX ad featured the curmudgeonly comedian Larry David.

The message from these companies was that crypto represents the future of finance and it was best not to miss out.

“The technological razzle-dazzle of cryptocurrency swept in a lot of retail investors who didn’t realize the sort of risks they were taking on,” Prasad says.

Today, the total value of crypto market has been shaved to about $1 trillion. And if you bought Bitcoin on Feb. 14, the day after that Super Bowl ad bonanza, it is now worth about half of what you paid for it.

The exterior of Crypto.com Arena is seen in Los Angeles on Jan. 26. Many cryptocurrency companies hired celebrities to pitch their products and signed sponsorship deals.
The exterior of Crypto.com Arena is seen in Los Angeles on Jan. 26. Many cryptocurrency companies hired celebrities to pitch their products and signed sponsorship deals.Rich Fury / Getty Images

What will this mean for regulations on the sector?

The increase in amateur investors, combined with the growing complexity of some of the cryptocurrency products, are worrying regulators.

Crypto markets are still fairly new, and there’s a lack of clarity even about the most basic things, like who is in charge of overseeing the space.

Right now, both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) claim oversight of parts of the crypto market.

“If there is no guidance whatsoever, people will be taken advantage of, and we want to prevent that” says Cam Harvey, a finance professor at Duke University. “Right now, we have basically nothing.”

The SEC is stepping up enforcement actions against crypto companies and considering new rules. Meanwhile, in an executive order, President Biden asked government agencies to make policy recommendations.

And in Congress, Sen. Cynthia Lummis (R-WY) has teamed up with Sen. Kirsten Gillibrand (D-NY), on the first comprehensive crypto legislation. The bill would give more regulatory authority to the Commodity Futures Trading Commission.

Still, for now, many analysts don’t think the broader financial system is at risk. The total value of the cryptocurrency market is still less than the total market value of a big company like Apple.

But this recent downturn has raised some serious concerns.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

What’s going on with cryptocurrency? Why have prices crashed?

The month of June has not been great for cryptocurrencies like Bitcoin, as prices have been plummeting. But what’s causing the decline?

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Author: Evan Koslof

Published: 9:20 PM EDT June 14, 2022

Updated: 9:20 PM EDT June 14, 2022

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WASHINGTON — Those who have invested in cryptocurrency have been watching their savings plummet in 2022, and the trend has continued in June. 

For example, as of Tuesday evening, prices had dropped below $23,000 per Bitcoin. One week earlier, this same coin would have been worth more than $31,000. In the past week, Bitcoin has dropped roughly 25 percent. 

The year-long trend is similarly perilous. In November 2021, Bitcoin reached a record high, reaching nearly $70,000. 

Other coins, like Ethereum, have similarly seen their price drop. As of Tuesday evening, the price was roughly $1,220 per coin. That’s down from its November 2021 high, when the price was over $4,800. 

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JUST IN: $1,000,000,000 has been liquidated from the #cryptocurrency market in the past 24 hours.— Watcher.Guru (@WatcherGuru) June 13, 2022

As prices drop, many on social media have been reflecting on their losses. Some are lamenting “the end” of cryptocurrency, while others are pushing patience, assuring that prices will recover. 

“A lot of people will quit crypto today,” wrote one user on Twitter. 

Amid crashing prices, multiple cryptocurrency platforms have added to the confusion, by partially halting trading. 

So, what’s going on with Cryptocurrency? To get a better picture, our team spoke with a trio of financial experts. 

Sources: 

  • James Angel, Associate Professor and Academic Director of FINRA Certified Regulatory and Compliance Professional Program at Georgetown University
  • Hilary J. Allen, Professor of Law at American University’s Washington College of Law
  • Robert J. Barbera, Lecturer and Director at the Center for Financial Economics at the Johns Hopkins University

Why Cryptocurrencies are so volatile? 

All three of our experts emphasized that these losses are historic, substantial, and across the board in the crypto space. 

“It’s falling through the floor is what’s happening,” said Allen. “Prices on all kinds of crypto assets are tanking.”

Our experts pointed out that cryptocurrencies are by their very nature volatile because the value is based solely on what investors believe others will pay for it. 

“The prices of cryptos have always been volatile,” said Angel. “They’ll always be volatile because it’s very difficult to figure out the fundamental value of any of these various crypto tokens.”https://from.tegna-media.com/tgna/highimpact_test/9019125/output/web/V1/R0/index_750x191.html?refId=jdx1gygp0808l3i8hf4f&clickUrl=&clickmacro=https://adclick.g.doubleclick.net/pcs/click%3Fxai%3DAKAOjstyHVGYci3xeFJK7ZQlEUj91OWJcweOMOIOzSPuYkafJ9v7lPSFXkzZoOq20f_8vSdOSNR1LfrghFheGWrVB9clrdvY5OEA9tF1x9ORCpbw3N6cZgiduZs5tBlJJKNOHtzpXfFgWVVKNw8sKRrchA2gaJRfp7Wam2NhNdU3uIbmiFfBMQyk1vpPXHYZwK7GhPeU86y4ZkNbB1mjurqEAezk5eFC66TCh25-PkP8FHHCT6eHvaUBzOvCEXquPfcpDPp-SFn5W78iHgLa1CvT2EVVr7Cr4EUXUWsX3Xi4maWOU-rMM7t-15KaRxEMN0XCW7iDRRRX5WlYtnY2sOMUkdUSx0fvPd0WEOwi_Js6UyjWTSD7zdBaOW-3CQ%26sig%3DCg0ArKJSzGcjycuuLxrKEAE%26fbs_aeid%3D%5Bgw_fbsaeid%5D%26urlfix%3D1%26adurl%3D&lId=5991658066&cId=138394547344&oId=3015475141&referer=https://www.wusa9.com/article/news/verify/whats-going-on-with-cryptocurrecy-why-have-prices-crashed-bitcoin-ethereum-blockchain-celsius-binance/65-74447173-92bd-4685-9bb2-f8b82dee2f6d&uniqid=&load_time=1655815950978

This volatility makes investments in cryptocurrencies highly speculative and risky, said Barbera.

“It can go to a billion or it can go to a penny,” he said. “And there’s nothing about that price that means anything.”

Why the recent drop? 

Our experts said that it’s difficult to single out one reason why the market is selling off Bitcoin at such a drastic level. However, they all are in agreement that the rising interest rates are a big factor. 

“The Federal Reserve is increasing interest rates,” said Allen. “Which is tightening the amount of money in the financial system. And so people are abandoning riskier investments in general.”

Barbera said that he believes these rising interest rates will push more investors away from risky assets like cryptocurrencies.

“You do spectacularly well when money’s easy and things are going up,” he said. “And it’s pretty breathtaking in the reverse.”

Angel pointed out that prices are dropping in the stock market as well, as market confidence has been on the decline. 

“The prices of all financial markets have been dropping,” he said. “And the actual markets have always been volatile. They’ll always be volatile because their values based on what people expect is going to happen in the future. And nobody really knows what’s going to happen in the future. So the crowd can change its mind in a heartbeat, and usually does.”

What’s happening with Celsius and Binance? 

Amid the major cryptocurrency sell-off, some announcements from crypto lenders and exchanges have added to the confusion for some investors. 

Celsius, a cryptocurrency lender, announced on Monday that they were “pausing all withdrawals, swaps, and transfers between accounts” due to “extreme market conditions.” 

The company said that this action was being taken to “stabilize liquidity and operations while we take steps to preserve and protect assets.” 

Angel explained what likely caused this action. 

“What they’re basically saying is there’s been a run on the bank,” he said. “We don’t have the ability to honor the withdrawals, and therefore we’re not going to let anybody withdraw.”

Binance, the major cryptocurrency exchange, also had to temporarily pause withdrawals of Bitcoin on Monday due to a “stuck transaction causing a backlog.” Binance reported that this problem was resolved just hours later. 

Bitcoin Fear and Greed Index Dumps to Lowest Levels Since the COVID-19 Crash

Extreme fear has dominated the bitcoin landscape for over the month and a metric is down to its lowest position in years.

Amid the ongoing massacre in the cryptocurrency market, the popular Bitcoin Fear and Greed Index has plummeted deep into an “extreme fear” state. In fact, the metric is at its lowest position since the COVID-19 crash.

Extreme Fear Becomes the New Norm

The crypto markets took a massive turn for the worse starting at the end of March. At that time, bitcoin was riding high, close to $50,000, and the community wondered if it will be able to breach that level and even head for a new ATH.

However, that was not the case, and BTC entered its longest negative streak. The cryptocurrency closed the next nine weekly candles in the red and lost over $20,000 in value in the meantime.

It remained around $30,000 for a while but started plummeting last Friday again. The weekend brought more pain, and so did the start of this week. As a result, bitcoin nosedived to just over $20,000 earlier today, which became its lowest price position since December 2020.

Somewhat expectedly, this predominantly bearish trend resulted in a massive shift in investors’ beliefs and overview of the market. This is best presented by the Bitcoin Fear and Greed Index – a metric determining the overall sentiments by gauging different sorts of data, such as volatility, surveys, social media comments, and more.

It displays the end results from 0 (extreme fear) to 100 (extreme greed). Ever since the start of May, the Index has been deep inside “extreme fear.” The past few days saw another decline in the metric, which now shows 7 – the lowest position since the COVID-19 pandemic.

Bitcoin Fear and Greed Index. Source: Alternative.me
Bitcoin Fear and Greed Index. Source: Alternative.me

Down to $13K or Bounce-Off?

Whenever such extreme price volatility hits the market, analysts rush to provide their predictions on what will transpire next. By basing his forecast on a double top that BTC formed recently, the veteran derivatives trader Peter Brandt said bitcoin is poised to drop even further, indicating a short-term bottom of just over $13,000.

In contrast, another popular analyst – Will Clemente – sees this crash as a buying opportunity since the dormancy flow metric dumped to its lowest point ever. It describes the average number of days that each spent coin had remained dormant before finally moving.

As the chart below shows, once the metric goes down, BTC tends to bounce off in the short- to mid-term.

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Tags: Bitcoin Bitcoin (BTC) Price

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About The Author

Jordan Lyanchev
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn