Here's a really interesting chart I just found.
Comparing the amount of stablecoins on exchanges relative to Bitcoin's market cap gives what I'm calling "Dry Powder Ratio"
Currently at an all-time high, this shows there's a lot of dry powder ready to be deployed.
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👉🏼 @TgBitcoin
Comparing the amount of stablecoins on exchanges relative to Bitcoin's market cap gives what I'm calling "Dry Powder Ratio"
Currently at an all-time high, this shows there's a lot of dry powder ready to be deployed.
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👉🏼 @TgBitcoin
and US stocks are highly correlated lately. It hits the all-time high today.
📈 Good News: BTC is getting adopted by traditional institutions. Its ownership is changing by new players who trade stocks.
📉 Bad News: BTC is not a safe-haven asset. For now.
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👉🏼 @TgBitcoin
📈 Good News: BTC is getting adopted by traditional institutions. Its ownership is changing by new players who trade stocks.
📉 Bad News: BTC is not a safe-haven asset. For now.
🔗
➡️
👉🏼 @TgBitcoin
Fed heads are no longer officially allowed to trade in cryptocurrencies
Until recently, officials holding high positions at the Fed had no right to trade only stocks, currencies, bonds and other financial instruments.
From now on, due to new rules coming into effect on May 1, cryptocurrencies will be added to that list.
Officials will have exactly one year to get rid of all assets.
Previously, many high-ranking officials have been caught insider trading on more than one occasion, after which they had to resign.
💎 @TgBitcoin
Until recently, officials holding high positions at the Fed had no right to trade only stocks, currencies, bonds and other financial instruments.
From now on, due to new rules coming into effect on May 1, cryptocurrencies will be added to that list.
Officials will have exactly one year to get rid of all assets.
Previously, many high-ranking officials have been caught insider trading on more than one occasion, after which they had to resign.
💎 @TgBitcoin
PARSIQ assists developers in bridging the gap between Web 3.0 and Web 2.0
PARSIQ is a project founded in 2018 with the support of Binance.
It is a Web3 data platform that helps users create functionality based on blockchain data.
The goal of the platform is to simplify as much as possible to save time for developers. It is achieved via a special tool PARSIQ - Trigger Wizard.
Trigger Wizard helps create smart triggers for situations such as:
User notifications:
Sending real-time alerts to users when any specific events occur.
Product functionality extension:
Building capabilities based on blockchain data without having to write special code.
Risk management:
Immediate tracking of questionable transactions and blacklisted accounts.
💎 @TgBitcoin
PARSIQ is a project founded in 2018 with the support of Binance.
It is a Web3 data platform that helps users create functionality based on blockchain data.
The goal of the platform is to simplify as much as possible to save time for developers. It is achieved via a special tool PARSIQ - Trigger Wizard.
Trigger Wizard helps create smart triggers for situations such as:
User notifications:
Sending real-time alerts to users when any specific events occur.
Product functionality extension:
Building capabilities based on blockchain data without having to write special code.
Risk management:
Immediate tracking of questionable transactions and blacklisted accounts.
💎 @TgBitcoin
Higher relative level of stables on exchanges available than in the July bottom and nearly 4 times the expression of bid vs ask interest on cumulative spot order books.
But some of the same people who bet the farm in November now capitulated and are pipe dreaming to rebuy lower.
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👉🏼 @TgBitcoin
But some of the same people who bet the farm in November now capitulated and are pipe dreaming to rebuy lower.
🔗
➡️
👉🏼 @TgBitcoin
Am bullish BTC over next few months.
Strong holding behavior on-chain paired with a lot of relative dry powder sitting on exchanges, stacked bidside in order books, & prolonged regime of spot premium over perps. March will be here next week, max hawkishness likely priced in.
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👉🏼 @TgBitcoin
Strong holding behavior on-chain paired with a lot of relative dry powder sitting on exchanges, stacked bidside in order books, & prolonged regime of spot premium over perps. March will be here next week, max hawkishness likely priced in.
🔗
➡️
👉🏼 @TgBitcoin
Breaking: Mexican Senator Hints His Country Might Be Next To Legalize Bitcoin
El Salvador continues to champion crypto adoption among other nation-states. inspired by the Central American country, Indira Kempis, a Mexican Senator, has said that Mexico needs Bitcoin to be legal. The senator is developing a cryptocurrency bill that is based on El Salvador’s Bitcoin Law.
Kempis: Mexicans can get financial inclusion with Bitcoin
Kempis noted her optimism for Bitcoin adoption in an interview given during her visit to El Salvador.
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👉🏼 @TgBitcoin
El Salvador continues to champion crypto adoption among other nation-states. inspired by the Central American country, Indira Kempis, a Mexican Senator, has said that Mexico needs Bitcoin to be legal. The senator is developing a cryptocurrency bill that is based on El Salvador’s Bitcoin Law.
Kempis: Mexicans can get financial inclusion with Bitcoin
Kempis noted her optimism for Bitcoin adoption in an interview given during her visit to El Salvador.
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👉🏼 @TgBitcoin
Unregulated mining growth threatens energy markets — Fitch
Experts estimate that cryptocurrency ecosystems consume about 04-1% of global electricity. Such figures stem from the fact that electricity accounts for up to 90% of the financial costs of cryptocurrency mining.
Analysts believe the uncontrollable growth of demand in the cryptocurrency market could disrupt the energy sector.
However, Fitch doubts whether mining can further develop in the international arena without regulatory pressure.
Thus, according to experts, the crypto market in the long term will gain mass acceptance, leading to the predictability of the movement of quotations.
In this case, many aspects, including mining, will fall under strict control of regulators, summarized in Fitch.
💎 @TgBitcoin
Experts estimate that cryptocurrency ecosystems consume about 04-1% of global electricity. Such figures stem from the fact that electricity accounts for up to 90% of the financial costs of cryptocurrency mining.
Analysts believe the uncontrollable growth of demand in the cryptocurrency market could disrupt the energy sector.
However, Fitch doubts whether mining can further develop in the international arena without regulatory pressure.
Thus, according to experts, the crypto market in the long term will gain mass acceptance, leading to the predictability of the movement of quotations.
In this case, many aspects, including mining, will fall under strict control of regulators, summarized in Fitch.
💎 @TgBitcoin
🌍 Legal Status of Bitcoin by Country (2022)
Green: Legal to use Bitcoin
Yellow: Restrictions on usage of Bitcoin
Red: Full partial prohibition.
Gray: No data available.
🖊 Keep in mind all of these statuses can change by the stroke of a pen.
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👉🏼 @TgBitcoin
Green: Legal to use Bitcoin
Yellow: Restrictions on usage of Bitcoin
Red: Full partial prohibition.
Gray: No data available.
🖊 Keep in mind all of these statuses can change by the stroke of a pen.
➡️
👉🏼 @TgBitcoin
Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating Non-Custodial Wallets
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator.
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👉🏼 @TgBitcoin
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator.
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👉🏼 @TgBitcoin
Over $450M In Liquidations – Bitcoin, Ether, Cardano, XRP Lose Billions Amid Russia’s Invasion Of Ukraine
$425.12M worth of crypto has been “rekt” since last night with 140,732 traders being liquidated in the past 24 hours according to CoinGlass data. While the largest single liquidation order happened on Bitfinex where valued at $3.21M was liquidated, Bitcoin and Ethereum also suffered immensely after losing $129.95M and $116.68M during the sell-off.
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👉🏼 @TgBitcoin
$425.12M worth of crypto has been “rekt” since last night with 140,732 traders being liquidated in the past 24 hours according to CoinGlass data. While the largest single liquidation order happened on Bitfinex where valued at $3.21M was liquidated, Bitcoin and Ethereum also suffered immensely after losing $129.95M and $116.68M during the sell-off.
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👉🏼 @TgBitcoin
User found $17 million in his cryptocurrency wallet due to Coingecko failure
The CoinGecko service began displaying a 117,000,000% increase in the price of the Volt Inu token overnight as a result of the failure. The same data is shown by the blockchain browser Etherscan.
The disruption also affected cryptocurrencies.
One user shared a screenshot of MetaMask, with his $15 tokens valued at $17 million
CoinGecko started displaying Volt Inu data incorrectly back on February 21.
However, the error has still not been fixed by now.
💎 @TgBitcoin
The CoinGecko service began displaying a 117,000,000% increase in the price of the Volt Inu token overnight as a result of the failure. The same data is shown by the blockchain browser Etherscan.
The disruption also affected cryptocurrencies.
One user shared a screenshot of MetaMask, with his $15 tokens valued at $17 million
CoinGecko started displaying Volt Inu data incorrectly back on February 21.
However, the error has still not been fixed by now.
💎 @TgBitcoin
Why Bitcoin dropped, what does Ukraine have to do with it and what should investors expect?
On the evening of February 21, 2022, Russian President Vladimir Putin signed decrees "On Recognition of the Donetsk People's Republic" and "On Recognition of the Luhansk People's Republic."
Technically, the decision means Russia's recognition of the DNR and LNR's independence from Ukraine. News of this appeared on the Kremlin's official website.
Ukrainian President Vladimir Zelensky responded to the Russian authorities' decision with a statement that the country under his control would remain within its internationally recognized borders.
Participants of the cryptocurrency community noticed that the growing tension in the political arena has a negative impact on the dynamics of digital assets.
As the conflict between Russia and Ukraine escalated, major cryptocurrencies repeatedly went into decline.
Also amid the escalation of the political conflict, Russians faced a depreciation of the ruble against the U.S. dollar.
Now it is better to wait out the storm and avoid selling at a loss, nevertheless I won't even repurchase, as there may be a chance it's just the beginning of a fall.
💎 @TgBitcoin
On the evening of February 21, 2022, Russian President Vladimir Putin signed decrees "On Recognition of the Donetsk People's Republic" and "On Recognition of the Luhansk People's Republic."
Technically, the decision means Russia's recognition of the DNR and LNR's independence from Ukraine. News of this appeared on the Kremlin's official website.
Ukrainian President Vladimir Zelensky responded to the Russian authorities' decision with a statement that the country under his control would remain within its internationally recognized borders.
Participants of the cryptocurrency community noticed that the growing tension in the political arena has a negative impact on the dynamics of digital assets.
As the conflict between Russia and Ukraine escalated, major cryptocurrencies repeatedly went into decline.
Also amid the escalation of the political conflict, Russians faced a depreciation of the ruble against the U.S. dollar.
Now it is better to wait out the storm and avoid selling at a loss, nevertheless I won't even repurchase, as there may be a chance it's just the beginning of a fall.
💎 @TgBitcoin
Proposed EU Regulations Would Limit Bitcoin, Proof-of-Work Crypto Mining
European Union lawmakers are training their crosshairs on proof-of-work cryptocurrency mining amid concerns over its energy consumption.
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👉🏼 @TgBitcoin
European Union lawmakers are training their crosshairs on proof-of-work cryptocurrency mining amid concerns over its energy consumption.
🔗
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👉🏼 @TgBitcoin
USDT is only 5% backed by dollars
According to a recent audit, the company has $4.18 billion in its accounts, a figure that was $7.2 billion last year.
Commercial bonds are also down 21%, but Tether has a large amount of U.S. Treasury securities in its accounts, generating small profits.
💎 @TgBitcoin
According to a recent audit, the company has $4.18 billion in its accounts, a figure that was $7.2 billion last year.
Commercial bonds are also down 21%, but Tether has a large amount of U.S. Treasury securities in its accounts, generating small profits.
💎 @TgBitcoin
Moscow Exchange Index now down 52% from October all-time high.
Much worse than March 2020 pandemic drawdown.
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👉🏼 @TgBitcoin
Much worse than March 2020 pandemic drawdown.
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👉🏼 @TgBitcoin
'Glory To Ukraine:' Russian-Born Ethereum Creator Vitalik Buterin Says 'Very Upset By Putin's Decision'
Ethereum co-creator Vitalik Buterin has criticized Russian President Vladimir Putin’s decision to attack Ukraine, calling it a “crime against the Ukrainian and Russian people.”
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👉🏼 @TgBitcoin
Ethereum co-creator Vitalik Buterin has criticized Russian President Vladimir Putin’s decision to attack Ukraine, calling it a “crime against the Ukrainian and Russian people.”
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👉🏼 @TgBitcoin
Georgia may become one of the world's top mining centers in the future
Analysts claim already nearly 200 000 citizens are involved in crypto-mining in one way or another, and the global giant Bitfury has been successfully operating in the country for more than 5 years.
Experts highlight several key features for the future of the country's mining boom: not extra expensive electricity, environmentally friendly energy sources, sane regulation and not too high political risks.
Especially relevant at a time of mining in Kazakhstan — it’s not that tough to transport equipment to Georgia.
💎 @TgBitcoin
Analysts claim already nearly 200 000 citizens are involved in crypto-mining in one way or another, and the global giant Bitfury has been successfully operating in the country for more than 5 years.
Experts highlight several key features for the future of the country's mining boom: not extra expensive electricity, environmentally friendly energy sources, sane regulation and not too high political risks.
Especially relevant at a time of mining in Kazakhstan — it’s not that tough to transport equipment to Georgia.
💎 @TgBitcoin