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#Bitcoin & Digital Assets Beyond the Hype!

Daily insights, overview and filter summarized #Crypto global updates.

Admins: @DkryptoL Website: https://decryptedge.com/
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All 46,694 Of Donald Trump's Tweets Auctioned As NFTs. Kazakstan Govt take a More Positive take on #Blockchain to attract international investors for #blockchain development. Thoughts on the market on 22.04.2021

#Bitcoin lost support yesterday at $55K price level, after which it went down, reaching a low of $ 52560 on Binance Exchange. This correction was gradually bought out and there was a small recovery. Bitcoin is currently trading at around $54,069.48. Total Crypto Market capitalization is at $1.987 billion with a #BTC dominance index of 50.4%

The stock market ended Wednesday trading with growth. The Dow Jones rose 0.93%, the S&P 500 rose 0.93%, and the NASDAQ rose 1.19%. Dollar and volatility indices are falling.

On the crypto market, an alternative analysis worked out with a departure below 54K, on Binance exchange reached a low of 52,560, after which it returned above 53K. Against the background of a #Bitcoin price fall, Ethereum is growing steadily, reaching above 2470 and I think this is not the limit, the dominance index fell to 50.4%, the capitalization again dropped below 2 trillion.

If today it is not possible to return above 55K, then we return to the range 55000-52000. I am not considering going below 50K yet.

Interestingly the famous American investor Bill Miller assures that bitcoin is not a bubble, much better than gold and that growth will continue. He said this in an interview with Kelly Evans, Host of “The Exchange” on CNBC. Cohost of “Power Lunch.” . Lest we forget we mentioned about him back in February, Bill Miller has been investing his personal capital in Bitcoin since 2014. https://t.me/decryptedge/283

All tweets from former US President Donald Trump were archived and put up for sale in the form of #NFT, the money from the sale of tokens will go to associations that Trump hated. Drumpfs are ERC721 non-fungible (unique) tokens on the Ethereum blockchain that are made up of “resurrected” Trump tweets and artwork generated by neural nets. Source | drumpfs.io. Twitter and Square CEO Jack Dorsey sold his first tweet ever for more than $2.9 million. A five-word message. This is Fifteen years after tweeting “just setting up my twttr,”

President of #Kazakhstan Kassym-Jomart Tokayev said that Kazakhstan will attract international investors for the development of the blockchain. Kassym-Jomart Tokayev met with the head of the local Association of Blockchain Technologies Islambek Salzhanov. During the meeting, the President said that the authorities are considering new technologies as a priority area for economic development. As reported on the website of the President of Kazakhstan , Salzhanov spoke about joint work with the government to create favorable conditions for attracting international companies and investors for the development of the blockchain. He also noted that "adjusting tax policy measures" for market participants will provide additional revenue to the budget.


As always wishing you a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
#Rothschild Investment Trust, acquires interest in the #Kraken #cryptocurrency exchange and #Cuban Govt Considers #Cryptocurrency in new economic development program Thoughts on the market on 23.04.2021.

#Bitcoin tried several times yesterday to gain a foothold above 55K, but did not succeed and moved to a decline. The main support level at 50K was lost, reaching a lows of $48,401.21 on the #Binance exchange. At the time of writing this review, Bitcoin is worth $49,850. Total Crypto Market capitalization is at $1.806 trillion with #BTC dominance index of 51.5%

The stock market ended with a fall on Thursday. The Dow Jones fell 0.94%, the S&P 500 fell 0.92%, and the NASDAQ lost 0.94%. The volatility index rose 6.91%, while the dollar index rose 0.16% to 91.275.

The fall in markets occurred against the backdrop of a statement by US President Joe Biden, about his intention not only to raise the maximum income tax rate from 37% to 39.6%, but also his readiness to raise the capital gains tax for those who earn more than $ 1 million a year. For a long-term investor, this is a tangible increase in costs and some rushed to close their positions before new initiatives took effect. Details of the plan are promised to be announced next week.

With bitcoin dropping more than 11% in the last 24 hrs and the #BTC market capitalization of 1 trillion lost, the dominance index has since moved below 49%, which is the lowest level since August 2018. A decrease in the market share of #bitcoin by less than 50% ideally means money is now moving to altcoins. See our thoughts on Market Cycles (https://t.me/decryptedge/291 ) Ethereum yesterday set a new all-time high and reached the level of 2645 on #Binance exchange. The capitalization of the asset exceeded 300 billion, and the daily trading volume reached 55 billion.

Today expect the Bitcoin price to recover to 53000-53500, but if we do not keep the levels at 50-48K, then a spillage of up to 45K is possible.

Interestingly, the Cuban government has included cryptocurrencies in the economic development program. This was reported via the Cuban presidency official website: https://www.presidencia.gob.cu/ Fronted by Mercedes López Acea, a member of the Political Bureau and the Secretariat, when addressing the Social Policy section, López Acea referred to the proposal for a new Guideline, aimed at "advancing the study of cryptocurrencies in the current conditions of the economy."

The RIT Capital Partners investment fund, owned by the Rothschilds has acquired an interest in the Kraken cryptocurrency exchange, according to a note to investors dated April 12. The note referred to a webinar in March that announced the investment but did not mention the size of the investment nor the amount paid. It also made reference to news that Kraken is considering going public through a direct listing in 2022. Neither Kraken nor RIT were immediately available for comment. RIT Capital is a U.K.-based investment trust founded by Lord Jacob Rothschild of the prominent Rothschild banking family. It has a market capitalization of £3.8 billion ($5.28 billion). Source Coindesk.

Wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. Images courtesy. #Decryptedge
Now Who Will You Listen To? Nassim Taleb
Or Tim Draper. Thoughts on the market on 24.04.2021.

#Bitcoin updated lows of $47500 on #Binance exchange. This correction was quickly redeemed and has now briefly recovered to $50K + level. As of the time of this writing, the main cryptocurrency is trading around 50300K. Total Crypto Market capitalization is at $1.866 trillion, with BTC dominance index 50.4%. That is a $913 Billion market cap level which was attained back on 8th February.

The stock market ended Friday trading with growth. The Dow Jones climbed 0.67%, the S&P 500 rose 1.09%, and the NASDAQ rose 1.44%. The Volatility Index, which is based on the performance of S&P 500 options trading, fell 7.38% to 17.33, while the dollar index was down 0.57% to 90.800.

The Bitcoin alternative scenario from our analysis worked out with correction to $47500. Markets fell yesterday amid a statement by US President Joe Biden about his intention to raise the maximum income tax rate, as well as the closure of the largest Turkish cryptocurrency exchange Thodex with 2 billion in wallets.

For the weekend, the priority option - Bitcoin remains in the range of 48000-51000. If we go below 48K, then a correction up to 45K is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.

Interestingly, the renowned Economist and Black Swan author Nassim Taleb advises staying away from Bitcoin without citing inflation or the economy. Taleb is a Lebanese-American scholar, mathematical statistician, former options trader, and risk analyst. He was asked about cryptocurrency, particularly bitcoin, given that investors have been increasingly restructuring their portfolios with this asset class. Regarding bitcoin, “It has the characteristics of an open Ponzi scheme. Everyone knows it’s a Ponzi,” he claims, adding: Basically, there is no connection between inflation and bitcoin. None. You can have hyperinflation and bitcoin goes to zero. There is no link between them. Source | news.bitcoin.com Same guy bought and profited from this same “Ponzi” last year. (https://t.me/decryptedge/305)


On the contrary Venture capitalist Tim Draper argues that Bitcoin contributes to the global economy. Cuban Govt is already on it(https://t.me/decryptedge/462). Tim Draper while speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention and devotion — and seemingly, money — of its citizens. According to the venture capitalist, crypto levels the playing field, so lawmakers will have to choose if they want to make people’s lives better, otherwise they will simply move to somewhere that will. “People are already realizing that they would rather have Bitcoin than fiat currency,” said Draper. “Bitcoin facilitates [a global economy] from the economic standpoint because it is a global currency — it doesn’t care where the borders are. It isn’t tied to one nationality or another.” Source | Cointelegraph.

Remember these are the current support levels we are now looking at: between 55K / 40K. $50500, $47500, $43500 and $41500.

As always wishing you a blessed weekend ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Good morning...

#Blockchain technology started with Crypto just like Internet started with email. As it is growing and being developed, We now have Decentralized Finance (DeFi) then to Arts and collectables with non-fungible tokens (NFTs).

Eliud Kipchoge just sold his NFT collection for Ksh4M. It has digital representations of his career milestone on the #Ethereum #blockchain, digitally signed and officially approved by him.

Next now we have *Real Estate.* entering the space.

Join this webinar today evening at 8pm to learn from the experts.. *Blockchain meets Realestate.*
*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.

Topic: *REALSMART- BLOCKCHAIN AND REAL ESTATE*
Time: *Apr 26, 2021 08:00 PM Nairobi*

Join Zoom Meeting
https://us02web.zoom.us/j/86872465214?pwd=aGJyNytHR2FQbFR4RGlDTWhsL05oUT09

Meeting ID: 868 7246 5214
Passcode: 121063
The world of #computer #security in mourning the death of Dan Kaminsky. As Turkey Changes Tune on #Crypto Ban. Thoughts on the market on 26.04.2021

#Bitcoin updated its lows again at $46930 on #Binance exchange. This correction was quickly redeemed and bitcoin started to grow. At the time of writing this review, #Bitcoin is trading at around 52300. Total Crypto Market capitalization of $1.941 billion and BTC dominance index of 50.4%.

Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, oil and gold are growing, Asian indices are trading in different directions.

Bitcoin worked out the priority version of the Saturday analysis and moved in the specified range over the weekend. Drain to 47K (46930 on #Binance) was quickly redeemed and Bitcoin moved to growth, now trying to gain a foothold above 52K.

I did warn several times that the weekend market may move by a couple of thousand points in any direction. If today we can gain a foothold above 53200-53500, then a movement to 55-57K is likely, if we go below 51K, we will return to the previous trading range of 48-51.

Interestingly after the ban Turkey promises to present cryptocurrency regulation rules within two weeks. The governor of Turkey’s central bank said Friday that the finance ministry plans to announce wide-reaching cryptocurrency regulations within two weeks. He ruled out any possibility of an outright ban. In the sharp turn of tune, the governor said “You can’t resolve anything simply by banning crypto, and we have no intention of doing so,” governor Şahap Kavacıoğlu said on the state-run TRT channel.While Kavacıoğlu did not specify what the forthcoming regulation would entail, he hinted that it would clarify the legal definition of “crypto”, and govern how institutions should store crypto. Source | decrypt.co

One of the first Bitcoin code reviewers, Renowned American cybersecurity and cybersecurity researcher Dan Kaminski has died, aged 42. This was announced by white hacker and DEF CON conference organizer Mark Rogers. In 2011, Kaminski, already widely known for discovering a critical vulnerability in the DNS protocol, decided to hack #Bitcoin. The expert developed nine approaches and attacks against the #Bitcoin protocol, but none of them worked. “I've never seen anything like it. He is a world class programmer with deep knowledge of C ++. He understands economics, cryptography and peer-to-peer networks. Either it's a whole team, or this guy is a genius, ”Kaminski concluded. On a personal level I convey my heartfelt condolences. I have interacted with him on twitter a couple of times.

This evening at 8PM EAT we have a special session on #Blockchain meets #Realestate. The link is already up there..

As always wishing you a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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#Binance #Cryptocurrency exchange to list tokenized shares of #Microstrategy, #Apple and #Microsoft, as demand for #cryptocurrencies exceeded PayPal's expectations. Thoughts on the market on 27.04.2021.

#Bitcoin tried to gain a foothold above $54000 several times and did not lead to success, for the last few hours #Bitcoin has been trading in the range of $53,500-54,000. At the time of writing this review, Bitcoin is worth 53,520. Total Crypto Market capitalization is at $2.013 Trillion and BTC dominance index of 49.7%.

Equity markets finished trading on Monday in different directions. At the close, the Dow Jones lost 0.18%, the S&P 500 rose 0.22%, and the NASDAQ rose 0.87%. The dollar index dropped 0.07% to 90.773.

Amazingly #Bitcoin met our yesterday’s expectations and stayed above 53K, market capitalization returned above 2 trillion. Altcoins feel confident, the dominance index fell below 50% again, which means they can show further growth.

The priority option for today is (in the absence of negative) Bitcoin in the range of 52000-54000 with an attempt to pass the resistance area at 54500-55000, the further depends on the success of this attempt. If we go below 52K, then again we can test 51-50K

Interestingly David Scott Portnoy an American internet celebrity, blogger, (wall street trader) with more than 2.4 million twitter followers and founder of the sports and pop culture blog Barstool Sports also a weak hands Crypto trader, remember his story of how he entered the crypto market? Back in February 3rd 2020 (https://t.me/decryptedge/273), he bought Bitcoin at 12,400 and sold at 11,500 and told everyone that he was disappointed in the crypto market. Yesterday he again bought Bitcoin at $58,000 and tells everyone that he is the proud owner of 1 BTC. This is a living example of a decline in market audience quality.

#Binance cryptocurrency exchange will list tokenized shares of #Microstrategy, #Apple and #Microsoft, backed by a portfolio of real stocks. Announcing the news via the company's official twitter page. The Stock Tokens listed on binance.com are products issued and sold by CM-Equity AG, Germany, indicated on the announcement.

Financial giant #JPMorgan will launch a #Bitcoin fund in the summer of 2021. Early this month we spoke about being careful with such subjects. https://t.me/decryptedge/429 today they will say this tomorrow they will be out trashing #Crypto. This fund will be open only to certain clients. If the CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. mega-bank to embrace crypto as an asset class. Two sources familiar with the matter told CoinDesk. Institutional bitcoin shop #NYDIG will serve as JPMorgan’s custody provider, a third source said.


PayPal CEO Dan Shulman on the other end in an interview with TIME, said that the demand for cryptocurrencies has exceeded the company's expectations. Source | time.com.

Lastly a second crypto-exchange Vebitcoin has closed in Turkey. A message about the termination of work due to financial difficulties appeared on the company's website. Turkish authorities blocked the onshore bank accounts of Vebitcoin and detained four people as part of an investigation into the cryptocurrency exchange platform, a local prosecutor said on Saturday. The action came after Vebitcoin announced that it stopped all of its activities citing financial strains. It became the second Turkish platform in a week to face troubles, after authorities detained dozens of people with suspected ties to the Thodex platform. Source | reuters.com

Have a blessed day ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
From #ElonMusk Cashing Out $101Million, #Turkey considering Being a #Crypto Custodian after #Banning It, to #Luxembourg , a 'digital frontrunner' in #Blockchain Thoughts on the market on 28.04.2021

#Bitcoin held above 55K and reached local highs of $55795 on #Binance and is now trying to gain a foothold above 55200. At the time of writing this review, #Bitcoin is trading around $54,085.75. Total Crypto Market capitalization is at $2.082 billion with a BTC dominance index of 49.4%.

The stock market finished trading on Tuesday in different directions. The Dow Jones rose 0.01%, the S&P 500 lost 0.02%, and the NASDAQ lost 0.34%. The volatility index fell 0.45% and the dollar index rose 0.11% to 90.877.

Bitcoin did follow our priority version of yesterday's analysis and even slightly exceeded it - having consolidated above 55K. It attained highs of $55795 on #Binance, after which it went down and now we are trying to gain a foothold above $55200.

The raise in #Bitcoin was amidst positive news. #Tesla sold part of its assets in Bitcoin and made a profit of $ 101 million, thereby showing the whole world that #Crypto in this case #Bitcoin has liquidity. Immediately after this news, Elon Musk himself took the twitter stage and said that he personally invests in Bitcoin and has not sold even a satoshi. #Hodl.

Against the background of positive news from the #European Investment Bank, Etherum also distinguished itself yesterday and set a new ATH of $2718 on #Binance exchange. EIB intends to use the Ethereum blockchain to issue two-year bonds worth 100 million euros.

The priority option for today is Bitcoin in the range of 53000-56000 and will most likely go above 56K. An alternative option is going to 52K. The main support levels are 55K and 53K, while the main resistance levels are 55500-56000.

Interestingly, #Time Magazine continues to warm up to crypto, naming Digital Currency Group and #Coinbase in the magazine’s 2021 Top 100 Most Influential Companies list. This list emphasized the impact the two crypto giants have made over the past 12 months. The list consisted of four different categories — #Pioneers, #Leaders, #Innovators and #Disrupters. Digital Currency Group was categorized as a Disrupter alongside other big names such as #Tesla, #Huawei, #Shopify and #Clubhouse. Time noted that the DCG is “demystifying crypto for investors” through its subsidiaries, asset manager Grayscale and crypto news website #CoinDesk. As of today Grayscale has $45.5 billion total assets under management, or AUM: Coinbase was listed under Titan along with mainstream giants #Facebook, #Alibaba, #Google, #Walmart and #Amazon. The exchange was described as “shoring up crypto’s credibility” in relation to its direct listing on the Nasdaq on April 14. The exchange earned more revenue in Q1 this year than all of 2020, with a reported $1.8 billion in Q1 compared to around $1.2 billion in all of last year: Addition of #Coinbase and Digital Currency Group is another step along the road of mainstream acceptance of crypto. Just a short while ago it would have been hard to imagine the duo elevated into the company of renowned institutions in the Top 100 list such as Disney, BP, Paypal, Adidas, Spotify and AirBnB. (https://t.me/decryptedge/454) Last week it announced a partnership with Crypto.com to accept one-time crypto payments for its 18-month digital subscription, offering 10% cashback to readers who paid in Cypto.com’s CRO coin. Source | cointelegraph.com
#Turkey will set up a central bank vault for cryptocurrencies after being scammed on two major exchanges. The government is planning to establish a central custodian bank to eliminate counterparty risk following the collapse of the Thodex and Vebitcoin exchanges last week, according to a senior official familiar with the plans. Authorities are also pondering a capital threshold for exchanges and education requirements for executives at such firms, the official told Bloomberg on Monday, speaking on condition of anonymity as the plans haven’t been finalized yet. Faruk Fatih Ozer, the 27-year-old fugitive founder of Thodex, said he was a high school dropout. (https://t.me/decryptedge/476)
Source | bloomberg.com This negates the whole objective of #Crypto in my opinion.

Lastly the Prime Minister of #Luxembourg wants the nation to be the digital leader in the blockchain. Prime Minister Xavier Bettel said that he was "not a technical person" or a developer but still backed blockchain technology for the future of Luxembourg. Many consider Luxembourg to be one of the most proactive countries around blockchain and crypto. The local government previously labeled cryptocurrencies as “intangible assets” that are not subject to income tax until they are exchanged for fiat. In addition, the country is home to the payment institution behind cryptocurrency exchange Bitstamp. Source | cointelegraph.com

Today I am quite inspired. Let me end with this: What was destined for you will come to you even if it is between two mountains, and what was not destined for you will not come to you even if it is between your lips.

As always wishing you a blessed day ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge,