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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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#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,
German regulator warns #Binance over Stock Tokens as #JPMorgan & 2 other Banks Collaborate to transform interbank value movements in a new #digital era.

Thoughts on the market on 29. 04. 2021

#Bitcoin went below $54,000 several times during the day reaching a low of $53813 on #Binance exchange, after which it moved to growth and reached a price above 56400, but then again rolled back to 54K. At the time of writing this review, #Bitcoin is trading at around $53,884. Total Crypto Market capitalization is at $2.069 Trillion and BTC dominance index of 48.9%

The stock market ended with a fall on Wednesday. The Dow Jones fell 0.48%, the S&P 500 lost 0.08%, and the NASDAQ fell 0.28%. The volatility index fell 1.59% and the dollar index dropped 0.33% to 90.588. Gold and oil rose.

On the cryptomarket, the priority version of yesterday's analysis clearly worked out. The price even exceeded the resistance level by 56K and reached 56428 on #Binance. The dominance index fell to 48.9% with stable Bitcoin above 54K, altcoins will continue to rise. Watch out today for a write-up I promised on BTC Dominance levels.

The priority option for today is Bitcoin in the range of 53500-56500, a successful consolidation above 56K will open the way to the 58K level in the short term. An alternative option is going below 53K, then we can again test 51K. Monthly close is nearby so a lot of price action is expected. We wouldn't want a red candle.

Interestingly, financial holding JPMorgan, together with Singapore's largest bank DBS and investment group Temasek, announced the creation of a blockchain platform for interbank payments. This announcement was made via JP Morgan’s news website. The press release titled: “DBS, J.P. Morgan and Temasek to establish a platform to transform interbank value movements in a new digital era.” Designed as an open platform to encourage broad participation by banks globally. Platform will leverage blockchain technology and digitise M1 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements.

Lastly German regulator warns #Binance over stock tokens issued. #BaFin, warned that Binance, one of the world’s largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without first publishing an investor prospectus. On Monday, Binance announced it would offer tokens, denominated in the exchange’s own cryptocurrency, giving investors exposure to MicroStrategy Inc, Microsoft Corp and Apple Inc. We talked about it here(https://t.me/decryptedge/476). These joined tokens representing Tesla Inc and Coinbase Global Inc that were already trading. Violation of European Union securities law could result in Binance, as issuer, being fined 5 million euros ($6.04 million) or 3% of last year’s turnover. “BaFin has grounds to suspect that Binance Germany is selling shares in Germany in the form of ‘share tokens’ without offering the necessary prospectuses,” it said.

Have a blessed day ahead. Remember you must do your own research; this is not traditional investment of financial advice. #decryptedge
#Telegram Launches New Bond Placement for $ 750 Million & #Ripple Wants Go Public After Settling #SEC Lawsuit. Thoughts on the market on 30.04.2021.

Bitcoin lost support at 54K during the day yesterday, after which it went further down, reaching a local of $52330 on #Binance exchange. This correction was quickly bought out and started to grow. At the time of this writing, Bitcoin is worth $54,460 Total Crypto Market capitalization is at $2. 083 Trillion, BTC dominance index is now at 48.2%.

The stock market ended Thursday trading with growth. The Dow Jones rose 0.71%, the S&P 500 climbed 0.68%, and the NASDAQ climbed 0.22%. The volatility index rose 1.91%. Oil closed at 68, gold at 1773.

An alternative version of yesterday's analysis worked on the crypto market. #Bitcoin could not hold above the support level of 54K and moved to a decline to a low price of $52330 on #Binance. Altcoins on yesterday's fall held quite confidently, and even now they are at their best. The dominance index is at 48.2% and continues to fall, which means the altcoin season continues. #Etherum again updated ATH set at $2800, I think in the near future we can expect ETH at 5K being the 2nd #crypto in terms of market capitalization.

Plan for today. If Bitcoin fails to break through the 54K resistance, there is a risk of further decline towards the main support level at 52500. If we do not hold it, then we will go even lower to 50K. The priority is to return above 54K and move towards 56K.

Interestingly, #Ripple wants to go public if it wins the #SEC lawsuit. This comes from one largest outside-Ripple shareholder, Yoshitaka Kitao who believes that the XRP-related firm will go public shortly after settling its lawsuit with the SEC. The company Ripple has not given up on its plans to go public despite its ongoing legal battle with United States regulators, according to SBI Group’s CEO. Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, claimed that Ripple plans to become a public company after the firm settles a legal action brought against it by the United States Securities and Exchange Commission. The SEC filed a lawsuit against Ripple Labs as well as Garlinghouse and Larsen in December 2020, alleging that XRP was a $1.3-billion unregistered securities offering. The company has managed to achieve a series of legal victories, bringing more hopes from investors regarding the lawsuit’s outcome and driving XRP price above $1.4 — a level not seen since January 2018. Source | cointelegraph.com

#Telegram is conducting a new placement of bonds for $ 750 million. Taking into account the bonds issued in March, the messenger will attract $ 1.75 billion. The securities will go into circulation on the market on May 6, following information from a closed Bloomberg mailing list for investors. The parameters of the bonds are identical to the first issue, which was placed in March 2021. The minimum lot for purchase was $ 500,000, the par value of the bond was $ 1,000. Maturity is March 22, 2026, coupon rate is 7% per annum with a semi-annual coupon period.
In 2018, the company attracted a total of $ 1.7 billion for the TON project from 175 investors, who, at the time of the launch of the blockchain platform, were to receive Gram tokens at a predetermined rate. However, in October 2019, the US Securities and Exchange Commission (SEC) initiated legal proceedings, demanding to recognize that the Gram cryptocurrency is a security and cannot be issued under the simplified ICO procedure, as Durov originally planned. On this basis, the American regulator demanded that the money be returned to American investors and the project be banned in order to exclude the likelihood of participation of US investors in the future. The SEC demanded that the Telegram Group return most of the amount - $ 1.2 billion - to American investors. After that, $ 770 million was paid in cash, and the rest of the debt was refinanced in the form of loans. If Telegram carries out an IPO, buyers of the bonds will be able to convert them into shares of the company with a discount of 10% to 20% to the market price. A 10% discount to the offering price is provided if the IPO takes place in the first three years from the date of the bond issue. In 2025 it will increase to 15%, in 2026 - to 20%.

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,
Good morning..........*DECRYPT EDGE CONSULTANTS* is inviting you to a scheduled Zoom meeting.

Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *May 1, 2021 09:55 AM Nairobi*

BITCOIN101* - Let's learn about...
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Spartan DeFi Suffers $30M Loss in BSC Flash Loan Attack
Thoughts on the market as of 03.05.2021


Bitcoin rolled back to 56K over the weekend, reaching local lows of $56073 on Binance exchange. This correction was bought out. Bitcoin price went up and reached 58380. At the time of writing the review, Bitcoin is trading at a price of $58,700. Total Crypto Market capitalization is at $2.265 Trillion and BTC dominance index of 48.0%.

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

Bitcoin clearly worked out the priority version of the Friday and Saturday forecast and moved in the specified range. After yesterday's correction to 56K, Bitcoin price moved to growth and is now trying to gain a foothold above 58K. There is information on the Internet that Alibaba bought Bitcoin for $ 20 billion, there is no confirmation of this yet and this information can be classified as a rumor, but I am more than sure that even if there are no such investments at the moment, they will soon be available. what awaits the crypto market in this case, you can even imagine.

At the same time, altcoins feel confident, the dominance index is 48.0% and continues to fall. Ethereum is doing handsomely good and again set a historical high above 3000 and continues to do so even while writing a review. Already $3059 on Binance.

Analysis for today is, the first major resistance of 58500, has already been taken so the next target is 60K, if we cannot keep above 58K, then we can briefly go to 56K for refueling.

Some interesting news,Spartan DeFi Suffers $30M Loss in BSC Flash Loan Attack
The latest decentralized finance (DeFi) hack has resulted in major losses for the Binance Smart Chain-based Spartan Protocol. In a report on May 2, security firm PeckShield detailed the exploit on the Spartan protocol which occurred the previous day. It stated that the incident was due to a flawed liquidity share calculation in the protocol, which was exploited to drain assets from the pool. The Rekt Blog, which details hacks and exploits in the DeFi ecosystem, has ranked this incursion as the sixth-highest on its leaderboards, tacking on “The era of BSC flash loans is upon us.” More BSC exploits are likely to come, Rekt Blog warned of more such attacks to come: “A relatively straightforward story of another copied protocol who were too ambitious with their imitation. The era of BSC flash loans is upon us, and this won’t be the last time we see such attacks.” It concluded that with so many developers rushing to copy the Ethereum blue chips onto Binance Smart Chain, there’s sure to be more opportunities for keen-eyed hackers. SPARTA tokens dumped 40% over the weekend as news of the incursion circulated.

Let's stay safe in all ways. 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.
EBAY & PAYPAL Throwing in More Weight on Crypto. Thoughts on the market on 04.05.2021

Yesterday Bitcoin topped $58981 on Binance several times, but could not break through the resistance and began to decline. Support at 56K was lost and price retraced to 54580 a few hours ago. At the time of writing this review, Bitcoin is worth 56205. Total Crypto Market capitalization is at 2.223 Trillion dollars with BTC dominance index of 46.8%

The stock market finished trading on Monday in different directions. The Dow Jones climbed 0.70%, the S&P 500 climbed 0.27%, and the NASDAQ dropped 0.48%. Oil and gold rose. The dollar index dropped by 0.34% to 90.963.

On the cryptomarket, an alternative scenario of yesterday's analysis worked out with a drop below 56K. Moreover, the plan was over fulfilled and Bitcoin reached lows of 54580 on Binance. It is now trying to gain a foothold above 56500.

Altcoins in the fall below 55K held quite confidently - the dominance index is at 46.8% and continues to fall. Etherum has shown strength again, setting a new all-time high at 3454 on Binance. I think this week we will have more surprises.

If today we cannot break through the resistance at 56200, then another correction to 55K and below is possible, but I see a priority option to return to 58K. Major support levels are 55,000 - 54,500 and resistances are 56,200 - 57,000.

Interestingly PayPal is in talks to launch its own stablecoin. PayPal is exploring the launch of a stablecoin, From the news website: The Block reported. Four sources with knowledge of the situation told The Block that PayPal has made the rounds among some of the industry’s stablecoin protocol developers. PayPal announced that it would enable crypto buys and sells on its platform through a partnership with industry startup Paxos. PayPal has moved to widen the scope of its crypto offerings since then. Back on March 8, PayPal announced that it had completed the acquisition of crypto security firm and multi-party computation (MPC) start-up Curv. Paypal made big announcements on 22nd October 2020(https://t.me/decryptedge/35). If PayPal did move forward with such a project, it would represent a significant escalation of its work in the crypto space. Stablecoins are digital assets that represent fiat or government-backed currencies, using a blockchain network as a payment rail. There is more than $80 billion in stablecoins circulating in the market today, according to data collected by The Block.

(EBAY.O) is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the company said on Monday. A growing number of companies have begun to accept virtual currencies as a form of payment, taking an asset class that had been shunned by major financial institutions a few years ago, a step closer to becoming mainstream.

Lastly Turkey has tightened the requirements for the verification of users of bitcoin exchanges. Exchanges will be required to ask users for documents proving their identity and place of residence, as well as periodically check their relevance as reported by a source.

As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge