Forwarded from Official VIP Group
Forwarded from Official VIP Group
New Asian Crypto Behemoth Blessed But Merger Delayed
Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country, granted permission for the deal to go ahead.
However, the world may have to wait a little longer before the new tech giant makes its debut on the scene. Digital Today reported that although the operators had hoped to complete the merger at the end of September this year, it now looks like the firms will complete the deal on February 28 as a result of coronavirus pandemic-related delays.
Both firms have numerous crypto connections – and the deal could potentially create a new Asian crypto behemoth.
Line was founded by Naver, South Korea’s biggest search engine operator. It has since spun off into a separate company, headquartered in Japan – where it claims to have upwards of 81 million monthly active users, in addition to a large user base in Southeast Asia. However, Naver still retains a major interest in Line, with many South Korean media outlets referring to it as a “Naver subsidiary.”
Line operates a number of crypto exchanges, including the licensed Bitmax trading platform in Japan, which links directly to the Line chat app. It also operates the Bitbox exchange via a Singapore-based subsidiary.
Naver is also a major investor in blockchain-related business and blockchain gaming.
Yahoo Japan, meanwhile, is a 40% shareholder in the Taotao crypto exchange, which it has linked to the accounts of Yahoo Japan’s 50 million or so active account holders.
Yahoo Japan, which is 48% owned by Softbank, also operates PayPay, an e-pay platform that uses Ripple’s MoneyTap solution.
Also, it has been a momentous day for Line, which also today won regulatory permission to list its native link (LN) token on Bitmax. LN pairings will be added to Bitmax on August 6.
@CryptoWorldTina
Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country, granted permission for the deal to go ahead.
However, the world may have to wait a little longer before the new tech giant makes its debut on the scene. Digital Today reported that although the operators had hoped to complete the merger at the end of September this year, it now looks like the firms will complete the deal on February 28 as a result of coronavirus pandemic-related delays.
Both firms have numerous crypto connections – and the deal could potentially create a new Asian crypto behemoth.
Line was founded by Naver, South Korea’s biggest search engine operator. It has since spun off into a separate company, headquartered in Japan – where it claims to have upwards of 81 million monthly active users, in addition to a large user base in Southeast Asia. However, Naver still retains a major interest in Line, with many South Korean media outlets referring to it as a “Naver subsidiary.”
Line operates a number of crypto exchanges, including the licensed Bitmax trading platform in Japan, which links directly to the Line chat app. It also operates the Bitbox exchange via a Singapore-based subsidiary.
Naver is also a major investor in blockchain-related business and blockchain gaming.
Yahoo Japan, meanwhile, is a 40% shareholder in the Taotao crypto exchange, which it has linked to the accounts of Yahoo Japan’s 50 million or so active account holders.
Yahoo Japan, which is 48% owned by Softbank, also operates PayPay, an e-pay platform that uses Ripple’s MoneyTap solution.
Also, it has been a momentous day for Line, which also today won regulatory permission to list its native link (LN) token on Bitmax. LN pairings will be added to Bitmax on August 6.
@CryptoWorldTina
Forwarded from Official VIP Group
No longer makes sense to invest in equity hedge funds.
Underperformance for the last 10 yrs has been severe.
Top 5% of HFs will always make money.
Failed as an asset class.
#Gold acts as true hedge and has crushed HF perf on most timeframes.
#Bitcoin has crushed everything.
@CryptoWorldTina
Underperformance for the last 10 yrs has been severe.
Top 5% of HFs will always make money.
Failed as an asset class.
#Gold acts as true hedge and has crushed HF perf on most timeframes.
#Bitcoin has crushed everything.
@CryptoWorldTina
Forwarded from Official VIP Group
#XTZ UPDATE
Great, the descending resistance was finally broken! Overall looks bullish.
However, there is a double top located at the $3.33 level (check the chart). It is safe to buy only after the breakout of this resistance or after reversal at $3.1 support.
Marked some targets on the chart. We'll enter only after the resistance is broken.
@CryptoWorldTina
Great, the descending resistance was finally broken! Overall looks bullish.
However, there is a double top located at the $3.33 level (check the chart). It is safe to buy only after the breakout of this resistance or after reversal at $3.1 support.
Marked some targets on the chart. We'll enter only after the resistance is broken.
@CryptoWorldTina
Forwarded from Official VIP Group
Ethereum Transaction Fees Fall by 75% as Congestion Eases
Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July.
Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July.
Forwarded from Official VIP Group
#Matic
Matic could be testing 200 - 206 resistance zones soon. Within today if break out 191 resistance, or in couple of days if will be forced to pull back to 178-180 support again.
@CryptoWorldTina
Matic could be testing 200 - 206 resistance zones soon. Within today if break out 191 resistance, or in couple of days if will be forced to pull back to 178-180 support again.
@CryptoWorldTina
Forwarded from Official VIP Group
#COS
Buying some COS here, joining whales. Next time it will test 74 high chances for breakout. In this case next 76 and after ~83 / 89.
@CryptoWorldTina
Buying some COS here, joining whales. Next time it will test 74 high chances for breakout. In this case next 76 and after ~83 / 89.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 1264%
🔹 Price: 0.00000882
🚨 Trend: DOWNTREND
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 1264%
🔹 Price: 0.00000882
🚨 Trend: DOWNTREND
Forwarded from Official VIP Group
COCOS/USDT
ENTRY 555 - 565
TARGETS 625 - 660 - 715 - 750 - 810
STOP LOSS ON DAILY CLOSE BELOW 510
@CryptoWorldTina
ENTRY 555 - 565
TARGETS 625 - 660 - 715 - 750 - 810
STOP LOSS ON DAILY CLOSE BELOW 510
@CryptoWorldTina
Forwarded from Official VIP Group
Bitfinex Steps up Hunt For Its Hackers, Promises USD 400m In Rewards
Major crypto exchange Bitfinex has offered a multi-million dollar reward to anyone who can lead it to the hackers responsible for the the theft of nearly bitcoin (BTC) 120,000 in August 2016 - even to the hackers themselves.
Today's value of the bitcoin stolen from Bitfinex four years ago is around USD 1.34bn.
"The aggregate rewards available under this programme could be worth up to approximately USD 400 million at the current BTC price if all bitcoins are fully recovered," the company said, adding that the hackers themselves will also be rewarded for returning the stolen property.
"We will reward anyone with information that can put us in direct contact with those responsible for the 2016 security breach at Bitfinex. ... The hackers will receive a share of the returned property," Paolo Ardoino, Chief Technology Officer at Bitfinex said.
The company added that "the bitcoins stolen minus recoveries in 2019 are worth USD 1.344 billion today, with 30 per cent of that amount equal to USD 403,288,427."
The reward will be given once the identity of the hackers is confirmed. These informants will get 5% of the total property recovered or "equivalent funds or assets at current market values." The hackers themselves can get their reward if they return the stolen bitcoin, and their share will be 25%.
"Any payments made to those connecting Bitfinex will work to ensure this can be done securely, thereby protecting the identities of all parties, and Bitfinex reserves the right to impose conditions on any transfers in order to verify claims and ensure a secure process," they added.
On August 2, 2016, hackers made 2,072 unauthorized transactions, representing BTC 119,755 in aggregate. As part of Bitfinex’s recovery plan, they provided BFX tokens to all affected users, with each token representing USD 1 of losses. The investigation into the breach by law enforcement is ongoing.
@CryptoWorldTina
Major crypto exchange Bitfinex has offered a multi-million dollar reward to anyone who can lead it to the hackers responsible for the the theft of nearly bitcoin (BTC) 120,000 in August 2016 - even to the hackers themselves.
Today's value of the bitcoin stolen from Bitfinex four years ago is around USD 1.34bn.
"The aggregate rewards available under this programme could be worth up to approximately USD 400 million at the current BTC price if all bitcoins are fully recovered," the company said, adding that the hackers themselves will also be rewarded for returning the stolen property.
"We will reward anyone with information that can put us in direct contact with those responsible for the 2016 security breach at Bitfinex. ... The hackers will receive a share of the returned property," Paolo Ardoino, Chief Technology Officer at Bitfinex said.
The company added that "the bitcoins stolen minus recoveries in 2019 are worth USD 1.344 billion today, with 30 per cent of that amount equal to USD 403,288,427."
The reward will be given once the identity of the hackers is confirmed. These informants will get 5% of the total property recovered or "equivalent funds or assets at current market values." The hackers themselves can get their reward if they return the stolen bitcoin, and their share will be 25%.
"Any payments made to those connecting Bitfinex will work to ensure this can be done securely, thereby protecting the identities of all parties, and Bitfinex reserves the right to impose conditions on any transfers in order to verify claims and ensure a secure process," they added.
On August 2, 2016, hackers made 2,072 unauthorized transactions, representing BTC 119,755 in aggregate. As part of Bitfinex’s recovery plan, they provided BFX tokens to all affected users, with each token representing USD 1 of losses. The investigation into the breach by law enforcement is ongoing.
@CryptoWorldTina
Forwarded from Official VIP Group
COCOS/USDT
ENTRY 555 - 565
TARGETS 625 - 660 - 715 - 750 - 810
STOP LOSS ON DAILY CLOSE BELOW 510
@CryptoWorldTina
ENTRY 555 - 565
TARGETS 625 - 660 - 715 - 750 - 810
STOP LOSS ON DAILY CLOSE BELOW 510
@CryptoWorldTina
Forwarded from Official VIP Group
#LEND
Same as with TOMO. Good impulse, nice volume support. Buying pullback to green flags support zones.
@CryptoWorldTina
Same as with TOMO. Good impulse, nice volume support. Buying pullback to green flags support zones.
@CryptoWorldTina
Forwarded from Official VIP Group
Goldman Sachs Sees ‘Resurgence of Interest’ in Crypto from Institutions
There is currently a “resurgence of interest” in cryptocurrencies, but this time around it’s not from retail investors, but rather the financial institutions, the new head of digital assets at investment banking giant Goldman Sachs revealed in a recent interview.
Mathew McDermott, the recently appointed head of digital assets at the investment bank, told CNBC that the bank has “definitely seen an uptick in interest across some of our institutional clients who are exploring how they can participate” in the crypto space. He added that it feels like there is “a resurgence of interest in cryptocurrencies” from this segment.
As previously reported, US-based major digital asset manager Grayscale recorded its largest quarterly inflows in the second quarter, saying that it reflects a rapidly growing demand for digital assets, as investors increasingly look to diversify their portfolios amid aggressive monetary and fiscal intervention resulting from the COVID-19 crisis. Also, a US-based major software company MicroStrategy said recently that it may invest part of its cash into bitcoin (BTC) and other alternative investments, citing “negative real yield on US dollars.”
Meanwhile, London-based McDermott also revealed in the interview that he plans to significantly step up Goldman’s efforts in the crypto and blockchain space, doubling his team’s headcount across Europe and Asia.
Also, the investment banker has its own vision for financial markets, where all assets reside on a blockchain:
“In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain. So what you’re doing today in the physical world, you just do digitally, creating huge efficiencies,” McDermott told CNBC, adding that this could include things like “debt issuances, securitization, loan origination.”
“Essentially you’ll have a digital financial markets ecosystem, the options are pretty vast,” the 46-year-old banker said.
McDermott also revealed that Goldman is currently “exploring the commercial viability” of developing a “fiat digital token” of its own, like its competitor JP Morgan has already done with the JPM Coin. He also said that Goldman has been able to lure over JP Morgan’s former head of digital assets strategy, Oli Harris, who is known to have been involved with the JPM Coin project.
However, the executive added that Goldman Sachs is still early in the process of exploring such a coin, and that it continues to “work through the potential use cases” of it.
@CryptoWorldTina
There is currently a “resurgence of interest” in cryptocurrencies, but this time around it’s not from retail investors, but rather the financial institutions, the new head of digital assets at investment banking giant Goldman Sachs revealed in a recent interview.
Mathew McDermott, the recently appointed head of digital assets at the investment bank, told CNBC that the bank has “definitely seen an uptick in interest across some of our institutional clients who are exploring how they can participate” in the crypto space. He added that it feels like there is “a resurgence of interest in cryptocurrencies” from this segment.
As previously reported, US-based major digital asset manager Grayscale recorded its largest quarterly inflows in the second quarter, saying that it reflects a rapidly growing demand for digital assets, as investors increasingly look to diversify their portfolios amid aggressive monetary and fiscal intervention resulting from the COVID-19 crisis. Also, a US-based major software company MicroStrategy said recently that it may invest part of its cash into bitcoin (BTC) and other alternative investments, citing “negative real yield on US dollars.”
Meanwhile, London-based McDermott also revealed in the interview that he plans to significantly step up Goldman’s efforts in the crypto and blockchain space, doubling his team’s headcount across Europe and Asia.
Also, the investment banker has its own vision for financial markets, where all assets reside on a blockchain:
“In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain. So what you’re doing today in the physical world, you just do digitally, creating huge efficiencies,” McDermott told CNBC, adding that this could include things like “debt issuances, securitization, loan origination.”
“Essentially you’ll have a digital financial markets ecosystem, the options are pretty vast,” the 46-year-old banker said.
McDermott also revealed that Goldman is currently “exploring the commercial viability” of developing a “fiat digital token” of its own, like its competitor JP Morgan has already done with the JPM Coin. He also said that Goldman has been able to lure over JP Morgan’s former head of digital assets strategy, Oli Harris, who is known to have been involved with the JPM Coin project.
However, the executive added that Goldman Sachs is still early in the process of exploring such a coin, and that it continues to “work through the potential use cases” of it.
@CryptoWorldTina
Forwarded from Official VIP Group
Bitcoin’s realized price exceeds 6k for the first time!
BTC realized price is the value of all coins in circulation at the price they last moved, in other words an approximation of what the entire market paid for their coins
Market Cap = each bitcoin in circulation is multiplied by the current price
Realized Cap = each bitcoin in circulation is multiplied by the price at the time it last moved
Realized Price = realized cap / circulating supply
@CryptoWorldTina
BTC realized price is the value of all coins in circulation at the price they last moved, in other words an approximation of what the entire market paid for their coins
Market Cap = each bitcoin in circulation is multiplied by the current price
Realized Cap = each bitcoin in circulation is multiplied by the price at the time it last moved
Realized Price = realized cap / circulating supply
@CryptoWorldTina
Forwarded from Official VIP Group
Binance Futures
#OMG/USDT All take-profit targets achieved 😎
Profit: 95.8298% 📈
Period: 22 Hours 33 Minutes ⏰
#OMG/USDT All take-profit targets achieved 😎
Profit: 95.8298% 📈
Period: 22 Hours 33 Minutes ⏰
Forwarded from Official VIP Group
South Korean Highways Will Have Blockchain-Powered Toll Payments
One of the biggest banks in South Korea has partnered with the Korea Expressway Corporation for blockchain solutions in the country’s highways
One of the biggest banks in South Korea has partnered with the Korea Expressway Corporation for blockchain solutions in the country’s highways
Forwarded from Official VIP Group
Andre Cronje commented on a recent article published on Decrypt:
"... don't talk to reporters when you are angry,"
"there is truth in the article, but it is a lot more sensationalist than the full picture,"
"don't talk to a reporter just before going to sleep."
"Lastly, I learned my lesson back in March, I made the active decision to continue and work through whatever comes my way. I might hate it more often than not, but its not going to stop me. This space won't get rid of me, until there is nothing left to build"
@CryptoWorldTina
"... don't talk to reporters when you are angry,"
"there is truth in the article, but it is a lot more sensationalist than the full picture,"
"don't talk to a reporter just before going to sleep."
"Lastly, I learned my lesson back in March, I made the active decision to continue and work through whatever comes my way. I might hate it more often than not, but its not going to stop me. This space won't get rid of me, until there is nothing left to build"
@CryptoWorldTina
Forwarded from Official VIP Group
#XTZ
Tezos has perfectly tested the level of $3.33 and went upwards. The space for a growth is opened. Waiting for the rest of the targets to be reached. At the moment 13% profit.
@CryptoWorldTina
Tezos has perfectly tested the level of $3.33 and went upwards. The space for a growth is opened. Waiting for the rest of the targets to be reached. At the moment 13% profit.
@CryptoWorldTina
Forwarded from Official VIP Group
Looks like BTC is printing a bullish re-accumulation formation - Bullish Pennant at the topside resistance from the weekly timeframe
And seems like we had the same formation in May 2019
Just compare these two market structures and you will find out that they look very similar:
Same rejection by 0.236 Fib in both cases, same Flash Crash after a higher high (2)
And on the whole, the Fib levels have been pretty much respected by both pieces of price action
No major reversal until 11k is broken, but going below 0.236 Fib (11.4k) on the closing basis would be concerning for the bulls
@CryptoWorldTina
And seems like we had the same formation in May 2019
Just compare these two market structures and you will find out that they look very similar:
Same rejection by 0.236 Fib in both cases, same Flash Crash after a higher high (2)
And on the whole, the Fib levels have been pretty much respected by both pieces of price action
No major reversal until 11k is broken, but going below 0.236 Fib (11.4k) on the closing basis would be concerning for the bulls
@CryptoWorldTina
