🔸 Gold broke new local high and Now trading at a six-month high.
Due to uncertainty and developments, the outlook for gold over the next couple of years is bullish.
- Countries around the world are decreasing their foreign currency reserves and increasing their gold reserves.
- Russia’s largest bank Sber 🇷🇺 reported the first issue of gold-backed digital financial assets (DFAs).
- BRICS Countries plan to launch a gold-backed CBDC.
Target : $2100 - $2300 (in 2023)
Bullish on gold, gold ETFs and gold sector stocks.
Due to uncertainty and developments, the outlook for gold over the next couple of years is bullish.
- Countries around the world are decreasing their foreign currency reserves and increasing their gold reserves.
- Russia’s largest bank Sber 🇷🇺 reported the first issue of gold-backed digital financial assets (DFAs).
- BRICS Countries plan to launch a gold-backed CBDC.
Target : $2100 - $2300 (in 2023)
Bullish on gold, gold ETFs and gold sector stocks.
🏦 Coinbase Pays $100 Million To New York Regulator Fine For AML Regulatory Vulnerability
After looking into Coinbase’s compliance program, the New York State Department of Financial Services, or NYDFS, has come to an agreement with the company. The NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. Following a settlement with the regulator, which discovered glaring gaps in the cryptocurrency exchange’s review of customer IDs and notifications on transactions, the NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. according to the financial authority. The NYDFS reported problems with user onboarding and transaction monitoring procedures.
After looking into Coinbase’s compliance program, the New York State Department of Financial Services, or NYDFS, has come to an agreement with the company. The NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. Following a settlement with the regulator, which discovered glaring gaps in the cryptocurrency exchange’s review of customer IDs and notifications on transactions, the NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. according to the financial authority. The NYDFS reported problems with user onboarding and transaction monitoring procedures.
🇮🇳 RBI Governor Says Cryptocurrency Is Gambling With No Economic Value
Shaktikanta Das, the governor of the Reserve Bank of India (RBI), spoke at the Business Today Banking and Economy Summit and reaffirmed his position calling for the outlawing of cryptocurrencies on the grounds that they are speculative and similar to gambling. The governor of the RBI restated the position of the central bank on cryptocurrencies, saying they should be outlawed. According to Das, the RBI’s position on cryptocurrencies is unchanged, noting that they should be viewed like gambling activities rather than as financial products, India Today reported on January 13. Das claimed that the lack of underlying value in cryptocurrencies is what poses the greatest threat to the financial sector.
Shaktikanta Das, the governor of the Reserve Bank of India (RBI), spoke at the Business Today Banking and Economy Summit and reaffirmed his position calling for the outlawing of cryptocurrencies on the grounds that they are speculative and similar to gambling. The governor of the RBI restated the position of the central bank on cryptocurrencies, saying they should be outlawed. According to Das, the RBI’s position on cryptocurrencies is unchanged, noting that they should be viewed like gambling activities rather than as financial products, India Today reported on January 13. Das claimed that the lack of underlying value in cryptocurrencies is what poses the greatest threat to the financial sector.
🆘 Genesis Crypto Lending Businesses Files for Bankruptcy.
Names among Genesis creditors:
• Gemini: $765m
• Mirana (Bybit?): $151m
• Moonalpha (Babel): $150m
• Coincident Cap (Mex/Finex Leaderboarders): $110m
• Decentraland: $55m
• VanEck: $53m
• Abra: $30m
• Cumberland: $18m
• Stellar Foundation: $13m
Source
Names among Genesis creditors:
• Gemini: $765m
• Mirana (Bybit?): $151m
• Moonalpha (Babel): $150m
• Coincident Cap (Mex/Finex Leaderboarders): $110m
• Decentraland: $55m
• VanEck: $53m
• Abra: $30m
• Cumberland: $18m
• Stellar Foundation: $13m
Source
🟠 Binance Announces Signature Sets To Disrupt SWIFT Transfers Below $100,000
On-ramp and off-ramp bank money transfers may be halted due to a service outage, which Binance has warned its retail client base about.Users of bank accounts holding U.S. dollars who want to purchase or sell cryptocurrencies for less than $100,000 over the SWIFT payment system will be affected by the service interruption. Users of bank accounts holding U.S. dollars who want to purchase or sell cryptocurrencies for less than $100,000 over the SWIFT payment system will be affected by the service interruption. On February 1, the disruption will start to happen. On January 21, Binance emailed its users to share the news, emphasizing that they are currently actively seeking a new SWIFT partner to prevent service interruptions for upcoming bank payment transfers. The cryptocurrency exchange said that this was a Signature Bank decision and that other trading platforms.
On-ramp and off-ramp bank money transfers may be halted due to a service outage, which Binance has warned its retail client base about.Users of bank accounts holding U.S. dollars who want to purchase or sell cryptocurrencies for less than $100,000 over the SWIFT payment system will be affected by the service interruption. Users of bank accounts holding U.S. dollars who want to purchase or sell cryptocurrencies for less than $100,000 over the SWIFT payment system will be affected by the service interruption. On February 1, the disruption will start to happen. On January 21, Binance emailed its users to share the news, emphasizing that they are currently actively seeking a new SWIFT partner to prevent service interruptions for upcoming bank payment transfers. The cryptocurrency exchange said that this was a Signature Bank decision and that other trading platforms.
#Bitcoin is still a tiny fraction of world assets:
BTC
▓ $0.44T
Gold
▓▓▓▓ $11T
S&P 500
▓▓▓▓▓▓▓▓ $36T
Global Equities
▓▓▓▓▓▓▓▓▓▓▓▓▓ $110T
Global Debt
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $300T
Global Real Estate
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $325T
BTC
▓ $0.44T
Gold
▓▓▓▓ $11T
S&P 500
▓▓▓▓▓▓▓▓ $36T
Global Equities
▓▓▓▓▓▓▓▓▓▓▓▓▓ $110T
Global Debt
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $300T
Global Real Estate
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ $325T
🚨🚨🚨🚨 The Webverse Crypto project was hacked for $4 million in a hotel lobby.
A crypto scammer stole $4 million by simply taking photographs of a 💰 trust wallet screen.
Is it really that simple to hack a self-custody wallet?
Yes! 😱😱😱
Even if you use #Trustwallet or #Metamask, your keys are stored on your device. Your keys can be viewed at any time by going to settings.
- Never handover your phone to someone.
- Do not install non trusted Apps. (they might take screenshots)
- Lock wallets with default app locker.
- Keep funds diversified on multiple addresses.
A crypto scammer stole $4 million by simply taking photographs of a 💰 trust wallet screen.
Is it really that simple to hack a self-custody wallet?
Yes! 😱😱😱
Even if you use #Trustwallet or #Metamask, your keys are stored on your device. Your keys can be viewed at any time by going to settings.
- Never handover your phone to someone.
- Do not install non trusted Apps. (they might take screenshots)
- Lock wallets with default app locker.
- Keep funds diversified on multiple addresses.
🚨#Binance has endured some $831 million of net outflows in the past 24 hours, Nansen data shows
💰 Whales are pumping market hard to achieve the golden cross on the daily and weekly chart.
#Bitcoin has printed its FIRST EVER 'Death Cross' on the weekly chart.
The Golden Cross and Death Cross are important Bull and Bear market indicators, respectively.
Historic High after 1 Day Golden Cross :
2021 : 60%
2020 : 630%
2020 : 15% (Fakeout before 50% crash)
2019 : 178%
2015 : 8000%
After the Death Cross avg drop is 55%.
As per historic data going long after the Golden Cross showing HIGH Chances of Massive Bullrun.
#Bitcoin has printed its FIRST EVER 'Death Cross' on the weekly chart.
The Golden Cross and Death Cross are important Bull and Bear market indicators, respectively.
Historic High after 1 Day Golden Cross :
2021 : 60%
2020 : 630%
2020 : 15% (Fakeout before 50% crash)
2019 : 178%
2015 : 8000%
After the Death Cross avg drop is 55%.
As per historic data going long after the Golden Cross showing HIGH Chances of Massive Bullrun.
❗️Silvergate bank to be liquidated
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
🔍Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
💭 Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
🔍Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
💭 Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe.
🔥 CPI data revealed - today's turning point
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
Possible scenarios are:
🛑 Positive: CPI below 6.0
Indicates rapid decrease in inflation;
🛑 Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
🛑Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
💭 Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
Possible scenarios are:
🛑 Positive: CPI below 6.0
Indicates rapid decrease in inflation;
🛑 Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
🛑Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
💭 Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
🐳 Will the whales determine the trajectory of the ether?
Whale activity has a decisive influence on the behavior of bitcoin and altcoins.
Ali Martinez provides interesting data on the correlation of the movement of addresses with a balance of 1 million to 10 million ETH with the price of ETH in the period from January 20 — after the first BTC and alt run in 2023.
At first, Ethereum whales switched to a wait-and-see strategy. They were inactive, and now these addresses have entered the game and can have a huge impact on the course of the ether.
Today, ETH is trading around $1,566, and its capitalization this week decreased to $191.641 billion. Against the background of increased pressure on the market of risky assets, altcoin sank below $ 1,600.
But if the whales start swimming and buying at the bottom, the ether may return to the support level, the analyst believes.
Whale activity has a decisive influence on the behavior of bitcoin and altcoins.
Ali Martinez provides interesting data on the correlation of the movement of addresses with a balance of 1 million to 10 million ETH with the price of ETH in the period from January 20 — after the first BTC and alt run in 2023.
At first, Ethereum whales switched to a wait-and-see strategy. They were inactive, and now these addresses have entered the game and can have a huge impact on the course of the ether.
Today, ETH is trading around $1,566, and its capitalization this week decreased to $191.641 billion. Against the background of increased pressure on the market of risky assets, altcoin sank below $ 1,600.
But if the whales start swimming and buying at the bottom, the ether may return to the support level, the analyst believes.
🛒 Crypt becomes a universal means of payment
Ripple and the Faster Payment Council surveyed 300 companies from 45 countries and came to the conclusion that by 2025 the number of businesses accepting bitcoin will grow by 50%.
Blockchain has already become an excellent alternative to expensive payment systems.
✅ The volume of transactions with digital currencies has increased markedly: more than 5.5 million crypto transactions were carried out in the USA alone when paying for goods and services.
The popularity of bitcoin and other digital currencies is growing especially rapidly in the field of cross-border payments. Foreign employees often use the crypt to send funds to their homeland — without intermediaries in the face of payment systems and banks.
The introduction of BTC, USDT and USDC accelerates the transition of PayPal and Stripe-level companies to digital assets.
Ripple and the Faster Payment Council surveyed 300 companies from 45 countries and came to the conclusion that by 2025 the number of businesses accepting bitcoin will grow by 50%.
Blockchain has already become an excellent alternative to expensive payment systems.
✅ The volume of transactions with digital currencies has increased markedly: more than 5.5 million crypto transactions were carried out in the USA alone when paying for goods and services.
The popularity of bitcoin and other digital currencies is growing especially rapidly in the field of cross-border payments. Foreign employees often use the crypt to send funds to their homeland — without intermediaries in the face of payment systems and banks.
The introduction of BTC, USDT and USDC accelerates the transition of PayPal and Stripe-level companies to digital assets.