✅ Coinbase gets Bermuda license, plans to launch offshore exchange in coming weeks.
Coinbase has received a license to operate in the offshore haven of Bermuda, signaling that the company is doubling down on plans to increase its international business at a time when U.S. regulators have become hostile to the crypto industry.
Coinbase has received a license to operate in the offshore haven of Bermuda, signaling that the company is doubling down on plans to increase its international business at a time when U.S. regulators have become hostile to the crypto industry.
🚩#Bitcoin Quick Update‼️
👉 According to this #Wyckoff schematic, $BTC is about ready to "Jump the Creek" after 10-month of accumulation. #BTCUSD
⚠️ What is the Wyckoff strategy?
🔹The two main ideas behind Wyckoff’s theory are:
a) Accumulation & Distribution happen in Consolidation.
b) The Consolidations themselves happen in Particular Sequences.
🔹 Those sequences are called phases, the phases have specific events that occur within them.
🔹Realizing what phase the stock is currently in and what event is about to happen helps you make an investment decision.
👉 According to this #Wyckoff schematic, $BTC is about ready to "Jump the Creek" after 10-month of accumulation. #BTCUSD
⚠️ What is the Wyckoff strategy?
🔹The two main ideas behind Wyckoff’s theory are:
a) Accumulation & Distribution happen in Consolidation.
b) The Consolidations themselves happen in Particular Sequences.
🔹 Those sequences are called phases, the phases have specific events that occur within them.
🔹Realizing what phase the stock is currently in and what event is about to happen helps you make an investment decision.
Survey: Which Top3 Crypto Categories would you invest in for at least the next 5 years?
You can select up to 3 answers.
(All results are displayed after voting)
You can select up to 3 answers.
(All results are displayed after voting)
Anonymous Poll
40%
$BTC (Store of Value)
47%
$ETH or $BNB (Smart Contracts)
47%
$ATOM or $DOT or $ICX (Interoperability)
13%
$AGIX or $FET or $GRT (Artificial Intelligence)
13%
$SAND or $THETA or $AXS (Metaverse/Gaming)
40%
$LINK or $AVAX or $AAVE (DeFi)
13%
$XRM or $ZEC or $DASH (Privacy)
20%
$LINK or $DOT or $ICP (Web3)
7%
$DOGE or $SHIB or $FLOKI (Memes)
⚖️ Last week, the EU Parliament Adopted by 517-38 in Favor of Crypto-Focused #MiCA Legislation 👍 🥳
💚 Above all, it is a huge step that finally gets Crypto recognized as a Financial Asset, with different crypto-assets including #Stablecoins backed by physical commodity such as gold/silver, by algorithms, or by fiat currencies as $USD $EUR $AUD $JPY $CHF etc.
⚜️ These new rules and guidelines will enable technological innovation and place the #EU at the global forefront of the Token Economy... unlike regulation by enforcement in the US by its aggressive #SEC, which is definitely an inefficient and ineffective way to proceed when you want to kill (after trying to take over) an Unstoppable Decentralized Blockchain.😆
💚 Above all, it is a huge step that finally gets Crypto recognized as a Financial Asset, with different crypto-assets including #Stablecoins backed by physical commodity such as gold/silver, by algorithms, or by fiat currencies as $USD $EUR $AUD $JPY $CHF etc.
⚜️ These new rules and guidelines will enable technological innovation and place the #EU at the global forefront of the Token Economy... unlike regulation by enforcement in the US by its aggressive #SEC, which is definitely an inefficient and ineffective way to proceed when you want to kill (after trying to take over) an Unstoppable Decentralized Blockchain.😆
🚩#Bitcoin Quick Update‼️
👉 Double Bottom pattern followed by a nice bounce from the $27k level and then the neckline resistance breakout before hitting $28,400 right now.
👉 Double Bottom pattern followed by a nice bounce from the $27k level and then the neckline resistance breakout before hitting $28,400 right now.
🚨BREAKING NEWS: American "First Republic Bank" $FRC shares price just collapsed hardly and vertically, after reporting dramatic slump of withdrawals by more than $100bn.
🔺The falls came a day after the mid-size US bank said customers had pulled more than $100bn from their accounts amid last month's banking panic.
🔺First Republic had been seen as one of the banks most at risk of failure, after a series of bank collapses raised fears of a crisis in the sector. It was stabilised by a multi-billion dollar rescue deal.
🔺The falls came a day after the mid-size US bank said customers had pulled more than $100bn from their accounts amid last month's banking panic.
🔺First Republic had been seen as one of the banks most at risk of failure, after a series of bank collapses raised fears of a crisis in the sector. It was stabilised by a multi-billion dollar rescue deal.
✅ $Yuan Overtakes $Dollar For 1st Time as China’s Most Used Cross-Border Currency.
🔹Beijing has been pushing hard for the yuan to be used over the US dollar to settle cross-border trades.
🔹Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a month earlier
🔹Beijing has been pushing hard for the yuan to be used over the US dollar to settle cross-border trades.
🔹Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a month earlier
🚩#Bitcoin Quick Update‼️
👉 It's far from a proper ascending triangle pattern, but it looks good enough to me to see a very likely breakout by North.
🔹Bollinger bands starting to squeeze.
🔹EMA50/100/200 are supporting the price structure.
🔹No bad News on media for a while, nor FUD. Crossed fingers!
💚 Have a nice weekend everyone and don't worry it should be quiet until at least Monday morning to analyze the crypto and stock monthly closings.
👉 It's far from a proper ascending triangle pattern, but it looks good enough to me to see a very likely breakout by North.
🔹Bollinger bands starting to squeeze.
🔹EMA50/100/200 are supporting the price structure.
🔹No bad News on media for a while, nor FUD. Crossed fingers!
💚 Have a nice weekend everyone and don't worry it should be quiet until at least Monday morning to analyze the crypto and stock monthly closings.
✅ Don't Be Fooled by the Mainstream Media.
❌ Silicon Valley Bank (21)
❌ Signature Bank (40)
❌ First Republic Bank (85)
♨️ PacWest Bancorp (67) ???
👉 No doubt that these successive collapses of regional US banks are not simple bank failures, but are the target of an orchestration to eradicate them from the banking US scene.
At the end of 2019, the FED (and the big banks) lowered the amount of equity/liquidity for these "mid-sized banks" only, knowing full well that this would make them highly fragile in times of crisis, as happened today where the Fed with the big banks don't come to their rescue (as they do so easily with financial US markets), and worst by leaving them in a process of bankruptcy before intervening during takeovers by tender at lower price!
👉 The largest US banks (JP Morgan, BoA, City...) that control the Fed, have always wanted to take control over the regional banking sector in order to have the banking monopoly in each region, and it's what we are seeing today.
❌ Silicon Valley Bank (21)
❌ Signature Bank (40)
❌ First Republic Bank (85)
♨️ PacWest Bancorp (67) ???
👉 No doubt that these successive collapses of regional US banks are not simple bank failures, but are the target of an orchestration to eradicate them from the banking US scene.
At the end of 2019, the FED (and the big banks) lowered the amount of equity/liquidity for these "mid-sized banks" only, knowing full well that this would make them highly fragile in times of crisis, as happened today where the Fed with the big banks don't come to their rescue (as they do so easily with financial US markets), and worst by leaving them in a process of bankruptcy before intervening during takeovers by tender at lower price!
👉 The largest US banks (JP Morgan, BoA, City...) that control the Fed, have always wanted to take control over the regional banking sector in order to have the banking monopoly in each region, and it's what we are seeing today.
⚠️ Did you know that last month the #IMF launched a new digital coin called Universal Currency Unit (#UMU or #Unicoin), an international version like a central bank digital currency #CBDC. However, it is legally a money commodity, intentionally working in all national jurisdictions, and not just for a local economy. To be continued...
✅ #SBF, the founder of the collapsed exchange #FTX, has pleaded not guilty to fraud, money laundering & other charges‼️
👉 Federal prosecutors have charged Mr. Bankman-Fried with orchestrating a vast fraud that misappropriated billions of dollars in customer money from FTX. The authorities have also charged him with money laundering, bribing the Chinese government and overseeing an illegal campaign finance scheme that showered tens of millions of dollars on Democratic and Republican candidates.
https://www.nytimes.com/2023/05/08/technology/sam-bankman-fried-defense.html
👉 Federal prosecutors have charged Mr. Bankman-Fried with orchestrating a vast fraud that misappropriated billions of dollars in customer money from FTX. The authorities have also charged him with money laundering, bribing the Chinese government and overseeing an illegal campaign finance scheme that showered tens of millions of dollars on Democratic and Republican candidates.
https://www.nytimes.com/2023/05/08/technology/sam-bankman-fried-defense.html
NY Times
Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.
💩 Mutt heads, macaques, toads... these stupid #memecoins definitely only have bad sides:
🚩are strictly useless.
🚩give a very bad image of the Crypto market.
🚩causing many victims who end up with bags that are impossible to get rid of except to find other victims.
🚩create communities of liars to try to get rid of their bags by attracting new victims.
🚩their market caps skew the Total Crypto Market Cap.
🚩make people stupid
🚩encourage speculators/scammers
Note: If someone tells you that they have won a lot with one of these #shitcoins, just ask for proof with a screenshot of their buy/sell orders, then don't worry if you never get it! 😂
⚠️ Either way, STAY AWAY from these #memecoins because only their creators and conniving whales can make big money, these are the same kind of scams as the "Pump&Dump" organized by small groups.
🚩are strictly useless.
🚩give a very bad image of the Crypto market.
🚩causing many victims who end up with bags that are impossible to get rid of except to find other victims.
🚩create communities of liars to try to get rid of their bags by attracting new victims.
🚩their market caps skew the Total Crypto Market Cap.
🚩make people stupid
🚩encourage speculators/scammers
Note: If someone tells you that they have won a lot with one of these #shitcoins, just ask for proof with a screenshot of their buy/sell orders, then don't worry if you never get it! 😂
⚠️ Either way, STAY AWAY from these #memecoins because only their creators and conniving whales can make big money, these are the same kind of scams as the "Pump&Dump" organized by small groups.
✅ US Crypto Exchange #Bittrex filed for Bankruptcy Monday, months after announcing its intention to exit the US entirely.
👉 This only applies to Bittrex US, not Bittrex Global.
👉 This announcement does not affect Bittrex Global, which will continue to operate as normal for its customers outside of the United States.
⚠️ I have, personally, verified my own Bittrex account to confirm that the few cryptos I own on the exchange are #SAFU
👉 This only applies to Bittrex US, not Bittrex Global.
👉 This announcement does not affect Bittrex Global, which will continue to operate as normal for its customers outside of the United States.
⚠️ I have, personally, verified my own Bittrex account to confirm that the few cryptos I own on the exchange are #SAFU