Binance, the world’s leading cryptocurrency exchange, is proud to bring you our latest webinar for the Kenyan market.

This 2- Day Masterclass by Binance Kenya is open to all crypto & non crypto enthusiasts to learn more about trading Bitcoin and other digital currencies and also all the opportunities that Binance Exchange has for all Binancians in Kenya.

You will learn how to:
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Metromile Will Embrace Bitcoin For Insurance Premium And Claim Payments, as Coinbase Shares Plunges to All-Time Low. Thoughts on the market as of 07. 05. 2021

Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began to decline to a low of 55200 on the Binance exchange. At the time of writing this review, Bitcoin is worth 55800. With a total Crypto Market capitalization of $2.339 Trillion, and BTC dominance index of 44.6%.

The stock market ended Thursday trading with growth. The Dow Jones rallied 0.93%, hitting an all-time high, the S&P 500 rose 0.82%, and the NASDAQ rose 0.37%. The volatility index fell 3.97% to 18.39. Gold and silver are on the rise. The dollar index dropped 0.43% to 90.903.

For Bitcoin, an alternative version of yesterday's review worked out. There were several attempts to gain a foothold above 58K, but failed. Resistance at this level turned out to be strong and the price returned below 56K where it is currently trading.

If Bitcoin fails to break through the resistance at 56000-56500, we will continue to decline. The main support level of 55K and a move below this price may open the way to 52500. But in the medium term, I expect continued growth.

Interestingly the chairman of US Securities and Exchange Commission hints at stricter oversight of the regulation of US crypto exchanges. Gary Gensler punted to congress on providing more regulatory oversight to the crypto space, but also said the commission would act within its purview. He went on further to say “That could instill great confidence(regulatory framework). Right now, there's not a market regulator around these crypto exchanges, and thus there's really not protection against fraud or manipulation.” Source : Cointelegraph.

In my view, I don’t like the term manipulation. It is really people who know what they are doing better than you do.

Coinbase shares are falling to an all-time low despite the crypto market hitting new highs. The shares slumped 6% to $256.76 on Thursday, dropping for a fourth straight day. That left the shares just above the $250 reference price for its April direct listing. Coinbase’s slide comes as investors pour into extremely speculative cryptocurrencies such as Dogecoin and Binance Coin -- tokens that the exchange doesn’t offer. Source | Yahoo Finance.

Lastly, Metromile, one of the largest auto insurance companies in the USA, is the first in the world to start paying insurance in Bitcoin. As reported by forbes, Metromile says it will buy $10 million of Bitcoin in the second quarter of this year to pave the way for cryptocurrency transactions. In a news release, the company says it “believes allowing cryptocurrency payments will support its commitment to fairer insurance and promote financial resilience for policyholders as cryptocurrency becomes mainstream and a more significant portion of consumers’ assets.” Back on December 17th 2020, https://t.me/decryptedge/129 #Insurance Giant MassMutual bought $100 Million of #Bitcoin & Italian Insurance Giant Generali you can guess how much up they are now. 151.807% to be precise.

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 as i wish you a great awesome weekend ... join us and learn,

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

Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
Time: *May 8, 2021 09:55 AM Nairobi*

BITCOIN101* - Let's learn about...
*- _The Do's and Don'ts of Crypto Trading_.*
*- Crypto-Markets news and this week updates.*
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Bank of England Governor Says Crypto Investors are Liable to Lose All their Money. Elon Musk says too “invest with caution’ Thoughts on the market on 08. 05. 2021

Bitcoin returned above 56K, continued to grow, reaching highs above 58650 on Binance Exchange after which it rolled back below 57K, this correction was quickly redeemed and the price returned above 58K again, where it is trading at the time of writing the review. Total Crypto Market capitalization is at $2.417 Trillion with a BTC dominance index of 45.1%.

The stock market ended Friday trading with growth too. The Dow Jones rose by 0.66%, reaching a historic high, the S&P 500 rose 0.74%, and the NASDAQ rose 0.88%. Gold and oil are growing. The dollar index dropped 0.80% to 90.205, and the volatility index has already reached 16.69, which indicates that there is no fear in the market. Copper is also at the highs, which is a leading indicator of economic recovery and ends in positive territory for the fifth week in a row.

For Bitcoin, the priority version of yesterday's analysis worked out. Price was unable to break through the resistance at 56K and moved to growth. Altcoins are holding firmly, the dominance index is 45.1% and continues to fall, the alt season continues.

On the weekend I expect Bitcoin in the range of 56000-59000. An alternative option is the Bitcoin correction to below 56K, then we return to the 56000-52000 range for refueling. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.

Interesting: Turkey has obliged crypto exchanges to report more than $ 1,200 worth of transactions from their customers. The Mayor of Miami personally bought bitcoin and ether when the $ 1.9 trillion stimulus bill was passed by the Senate.
Last but not least, Elon Musk speaks out: invest in cryptocurrencies with caution. This is ahead of his appearance on “Saturday Night Live” on NBC today. He had a new message for his 53 million Twitter followers “Cryptocurrency is promising,” Musk wrote on Friday, “but please invest with caution!”

Lastly The Governor of the Bank of England warns crypto investors to be wary of the risks associated with buying cryptocurrencies. As reported by BTCManager: Bank of England Governor Andrew Bailey has warned the British investment public not to be caught up in the current cryptocurrency hype adding that crypto investors should be prepared to lose all their money. The admonition comes as virtual currency prices, especially altcoins, have been on a tear in recent weeks with several tokens notching new all-time highs. All Images Courtesy:

If you missed today's BItcoin101, where we covered The Do's and Don'ts of Crypto Trading. https://youtu.be/V8nw5EZL31Y

With that wishing you a great cautionary weekend ahead, and remember must always do your own research. This is not traditional investment or financial advice. #Decryptedge.

Arnold Schwarzenegger Follows Warren Buffett's Crypto Investment Strategy, Keeps Away From Bitcoin, : “rat poison” and “turds.” Thoughts on the market on 10.05.2021

Bitcoin had a pretty tumultuous weekend. On Saturday, it traded above 59K, reaching a high of $59,500 on Binance exchange, yesterday it corrected down to $56,235, at the time of writing the review Bitcoin is exchanging for $59300. Total Crypto Market capitalization is at $2. 5 Trillion and BTC dominance index of 4.4%.

Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are also showing growth, gold and silver have risen in price.


Bitcoin clearly worked out the priority version of the Saturday analysis and moved in the indicated range. After yesterday's correction to 56K (56235) Bitcoin has moved to growth and is now again trying to gain a foothold above 59K.

Altcoins are doing great, the capitalization of the entire cryptocurrency market has exceeded 2.5 trillion dollars, the dominance index is 44.4% and continues to fall. Ethereum price has successfully broken through 4K by setting its ATH to 4073 (Binance). Our recent 5K Etherum target is getting closer and closer. Litecoin also updated its ATH at 413 on Binance.

Plan for today. If Bitcoin cannot break through the resistance at 59,500 and gain a foothold at this height, we can again go to 56K for refueling. If we fix ourselves, then we go higher and try 60-61K for strength. The main support levels are 58000-57500, the resistance levels are 59500-60000.

Interestingly, MicroStrategy CEO Michael Sailor stated that Bitcoin will become the main store of value in the 21st century. Couldn't agree with him on this one. Grayscale owner Barry Silbert said he opened a short on Dogecoin and promised to donate all profits to Bitcoin's development.

Lastly, Arnold Schwarzenegger follows Warren Buffett's crypto investment strategy of staying away from Bitcoin. He says that he is “like Warren Buffett” in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.” Early this month, Buffett and his business partner Munger commented about bitcoin at Berkshire Hathaway’s annual shareholder meeting. Buffett avoided commenting on the cryptocurrency directly because he did not want to upset investors who long bitcoin, Munger bluntly said, “I hate the bitcoin success.” He added, “The whole damn development is disgusting and contrary to the interest of civilization.”
Source | news.bitcoin.com

This reminds me of one quote: “If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.” — Satoshi Nakamoto
As always have a blessed week ahead, must always do your own research. This is not investment or financial advice. #decryptedge

Swiss Financial holding UBS Group will open access to Cryptocurrencies for clients.. Thoughts on the market on 11.05.021

Yesterday. Bitcoin tried several times to gain a foothold above 59K, but did not succeed and moved to a decline to $53400 on Binance exchange. The correction from 53K was then redeemed and at the time of writing the review, Bitcoin is trading at about 54,991. Total Crypto Market capitalization of $2. 384 Trillion, dominance index 43.2%.

The stock market ended Monday trading with a fall. The Dow Jones fell 0.10%, the S&P 500 fell 1.04%, and the NASDAQ fell 2.55%. The volatility index rose 17.80% to 19.66, hitting a new monthly high. Gold and oil are also declining.

On the Cryptomarket, the priority version of yesterday's analysis worked out and even exceeded it. Bitcoin struggled to stay above 59K and even test the 60K resistance zone for strength, but failed and went down. Market capitalization has dropped below $ 2.5 trillion, dominance index is 43.2% and continues to fall.

Altcoins followed Bitcoin, the drawdown on the top alts is on average 10-15%, for some assets it is significantly higher. As a rule: digital assets that have grown the most fall the most.

If Bitcoin today cannot overcome the resistance at 56K and above, then most likely it will continue to decline, the key support is now at 53,500, if we go even lower, we can reach 52K. Leaving above 56K will open the way for 57 and 59K.

Interestingly, Swiss financial holding UBS Group will open access to cryptocurrencies for clients. “The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said,” according to Bloomberg. “Any investment offering would be a very small portion of the clients’ total wealth because of the volatility, while options include investing through third party investment vehicles, one of the people said.” Sources also voiced concern that clients would leave UBS if it did not start offering some sort of cryptocurrency investment options to its clients. Recently, many of its highest-profile competitors have signaled their plans to grant bitcoin exposure to their own clients. For instance, this year, BNY Mellon has announced a bitcoin strategy for its clients, Morgan Stanley has announced plans to allow clients to invest in bitcoin funds and Goldman Sachs has shared details around its work to offer BTC investment vehicles and recently offered bitcoin derivatives.


Lastly Ethereum co-founder Vitalik Buterin turned out to be the largest holder of the Shiba Inu cryptocurrency, a clone of the Dogecoin meme cryptocurrency. A source.

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

Goldman Sachs executive quit after making a Killing on Dogecoin: Report: Thoughts on the market on 12 .05. 2021

Bitcoin managed to gain a foothold above 56K and continued its growth. At the time of writing this review, it's trading at around 57,800. Total Crypto Market capitalization is at $2. 541 Trillion, dominance index is at a low of 42.2%. I must write this review of declining BTC Dominance.

The stock market ended Tuesday trading with a fall. The Dow Jones fell 1.36%, the S&P 500 fell 0.87%, and the NASDAQ fell 0.09%. Gold and oil rose slightly. The dollar index dropped 0.02% to 90.168.

For Bitcoin, the scenario with consolidation above 56K worked out and now trying to do the same at 57500, the market capitalization has returned above 2.5 trillion. Altcoins have rallied to Monday's levels, the dominance index is 42.2% and continues to fall, which indicates an ongoing altseason.

Plan for today: Bitcoin in the range 56000-59000. If we fall below 56K, then again we can test 54500 and even 53500. The main support level is 56500, the main resistance levels 57500-58000, breaking through which will open the way for us to 60 and higher.

Interestingly, Elon Musk asked on Twitter by conducting a poll, if Tesla should accept Dogecoin to pay for cars. Almost 80% of users said yes. Another Twitter user asked @elonmusk “how about a liquidity test with doge?” On 28th April Tesla cashed out $101Million to test Bitcoin liquidity: https://t.me/decryptedge/478

EBay will add the ability to sell NFTs in the coming months, following an announcement early this month.

Lastly Aziz McMahon, a former Managing Director of Goldman Sachs in London, resigned after making millions from the growth of Dogecoin. HE reportedly raked in millions of dollars from cryptocurrency dogecoin — and then quit the Wall Street titan. Aziz was with the bank for more than 14 years, his LinkedIn profile shows, according to eFinancialCareers.

Remember, this not financial advice, analysis and crypto market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏.

MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network. Thoughts on the market on 13.05.2021

Bitcoin in the last 24hrs continued to fall, a low 46,000 was registered on Binance exchange, after which the price returned above 50K where it is currently being traded. Total Crypto Market capitalization is at $2.2 Trillion, dominance index of 41.6%.

The stock market ended too with a fall on Wednesday. The Dow Jones fell 1.99% to hit a monthly low, the S&P 500 fell 2.15%, and the NASDAQ fell 2.67%. The volatility index rose 26.33% to 27.59, hitting a new monthly high. The dollar index rose 0.70% to 90.757. Markets are under pressure from information about tightening monetary policy and raising rates by a quarter percentage point by the end of 2022 due to accelerating inflation, which turned out to be higher than expected in April.

Bitcoin has been falling for several days in a row, early this morning the minimum price touched 46,000 on Binance, and up to 45,000 on other exchanges (Kraken). 1 Trillion Capitalization Lost and Dominance Index Falls Below 42%

A sell off began after information about the transfer of a large amount of Bitcoin and Ether to the exchanges, in Crypto land this is perceived as preparing the whales for sales, and the tweet from Elon Musk about stopping the acceptance of Bitcoin as payment for electric cars until the mining of BTC became more environmentally sustainable. In the same place, he said that Tesla is already considering other cryptocurrencies that use less than 1% of Bitcoin's energy per transaction. Not yet clear which coin is this.

Altcoins followed Bitcoin with some losing up to 20% of their value. The Bitcoin dominance index continues to fall, which indicates a possible continued growth of altcoins.

If Bitcoin cannot gain a foothold above 52K, this may give rise to a further sell off and then we can test 48 and 46K again. When fixing above 52K, we go to 54 and above.

All this does not affect the medium-term prospects of the asset. Factors that brought Bitcoin above 60K have not gone away and are even intensifying, and such market situations should be used as an opportunity.

Interestingly MoneyGram money transfer service will allow customers to buy and sell bitcoin for cash. As reported by coindesk, MoneyGram International said Wednesday it will allow customers to buy and sell bitcoin (BTC, -10.31%) for cash at 12,000 U.S. retail locations through a partnership with Coinme. The cash transfer company plans to introduce bitcoin trades in 20,000 stores across 32 states by Q3, Coinme CEO Neil Bergquist told CoinDesk. His crypto firm already facilitates cash-for-bitcoin swaps at around 6,000 supermarket kiosks.
MoneyGram and Coinme will take 4% of customers’ transactions plus $2.75 in fees. Walmart-based MoneyGram locations will charge $2 more, he said.

Wishing you a great cautionary weekend ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.

MicroStrategy CEO Michael Sailor Bags More BTC $ 15 million, Bloomberg FUD on Binance to Another Swiss bank and Samsung Providing Crypto Solutions: Thoughts on the market on 14. 05. 2021

Bitcoin was in the range of 51300-46000 during the day. The correction to 46K was quickly redeemed and Bitcoin moved to growth, but so far it cannot pass the resistance area at 50K. At the time of this writing, it is trading at around 49300 with a total Crypto Market capitalization of $2.2 Trillion and BTC dominance index of 41.1%.

The stock market ended Thursday trading with growth. The Dow Jones is up 1.29%, the S&P 500 is up 1.22%, and the NASDAQ is up 0.72%. The dollar index rose 0.03% to 90.715. Gold and oil declines.


With the crypto market again in a negative, Bitcoin could not gain a foothold above 52K and went down to a decline. The sell-off began following the emergence of FUD from Bloomberg, which revealed that the world's largest cryptocurrency exchange, Binance, is under investigation by the US Department of Justice and the IRS. Changpeng Zhao(CZ) came out on twitter and said that the news was not true, Bloomberg was irresponsible and it was necessary to unsubscribe from such resources. If you read the entire article has an utterly terrible title. Clickbait level misinformation.

MicroStrategy CEO Michael Sailor also came to the rescue by announcing another $ 15 million BTC purchase. Let me remind you that MicroStrategy became the first public company to buy Bitcoin and is the largest holder of the asset, now they have 91,850 BTC on their balance sheet with an average purchase price of $ 24,400. Only 32 public companies that are traded on the stock market have Bitcoin on their balance sheets, and there are 40,000 such companies, just imagine the growth opportunities if at least 10% of them enter the crypto market. Crazy right? Tomorrow we will be talking on our Btcoin101 about deciphering such data.

The priority option for today is Bitcoin in the 48000-51000 range and selective growth of altcoins. An alternative option is a correction below 48000 with a possible test of 47000-46000.

Interestingly, Swiss state bank Postfinance launches an app supporting 13 cryptocurrencies. The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s leading online banks. Source | news.bitcoin

Coinbase CEO Brian Armstrong said he will add Dogecoin in the next 6-8 weeks. As reported by coindesk, Coinbase will add meme-based cryptocurrency dogecoin (DOGE, +27.4%) to the U.S. cryptocurrency exchange’s offerings, CEO Brian Armstrong said on the company’s Q1 earnings call.

Coinbase makes most of its money from transaction fees on its platform, reported a total revenue of $1.801 billion. The company earned $3.05 per share. Wall Street expected Coinbase to earn $3.07 a share on revenue of $1.81 billion. Coinbase said it had 56 million verified users, including more than 8,000 institutions. Monthly transacting users were 6.1 million during the quarter, in line with its earlier forecasts.

Lastly Korean tech giant Samsung added support for third-party cryptocurrency hardware wallets, including the Ledger Nano S and Nano X, to its range of Galaxy smartphones. Users of Samsung Galaxy smartphones can now link their device to their hardware wallets to manage and trade cryptocurrencies via the Samsung Blockchain Wallet app. Samsung first introduced support for blockchain on its smartphones in 2019, with the introduction of the Samsung Blockchain Keystore and Wallet.

To our Muslim brothers and sisters Eid Mubarak to you and your family. May this Eid bring nothing but joy and peace for all. Have a safe and happy Eid. As always, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge

Weekly BITCOIN101. @10.00am Will discuss and learn about:
-The "Cryptocurrency Market Capitalisation" What is it? What Significance does it have?
- Crypto-Markets news and this week updates.
- Open Q & A session.
Join Zoom Meeting
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