From Wikipedia Mining is a record-keeping service done through the use of computer processing power.[g] Miners keep the blockchain consistent, complete, and unalterable by repeatedly grouping newly broadcast transactions into a block, which is then broadcast to the network and verified by recipient nodes.[114] Each block contains a SHA-256 cryptographic hash of the previous block,[114] thus linking it to the previous block and giving the blockchain its name.
#UK Bank TSB Set to Ban #Crypto Buying Due to E-Wallet Scam Concerns: Report. Thoughts on the market 21.06. 2021
#Bitcoin moved in the range of 33300-36100 over the weekend. There were several attempts to gain a foothold at 36K, but they did not yield a success and at the time of writing this review, Bitcoin is trading at about 34,300 with dominance index of 45.0% a total Crypto Market capitalization of $1.4 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.53%, Asian indices have dipped, gold and oil are growing.
The alternative version of the Saturday analysis worked out. Bitcoin could not hold on to 34K and moved to a fall, to a low price of 33336 on #Binance exchange. Then there was a bounce towards 36K and again a fall to 34K where we are trading right now. Altcoins suffered even more, with a bitcoin dominance index of 45.0%.
Plan for today. If we cannot return above 3600 or even better 36500, then we can continue moving down to 33000 and 32000. Least likely, leaving and consolidating above 36000-36500 will open the way for 38 and higher.
Some new FUD is coming in, according to a report by the British newspaper The Times, TSB bank is reportedly about to ban its customers from buying crypto with funds managed by the bank. TSB is reportedly concerned about an “excessively high” fraud rate related to crypto exchanges operating in the country. As reported by Cryptopotatao: TSB is reportedly taking actions to prevent its customers from using Kraken and Binance to buy crypto because of their alleged poor safety measures. Recently, a survey by the UK’s Financial Conduct Authority revealed that the number of cryptocurrency investors had increased from last year, as had the average worth of cryptocurrency holdings by retailers. However, the FCA also found that the number of people with a poor understanding of cryptocurrencies also increased even though they invested in them. This is a worrying development for law enforcement and crime prevention agencies, as it provides a breeding ground for scammers and criminals to take advantage of a larger potential pool of victims who are less savvy than in previous years.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Bitcoin moved in the range of 33300-36100 over the weekend. There were several attempts to gain a foothold at 36K, but they did not yield a success and at the time of writing this review, Bitcoin is trading at about 34,300 with dominance index of 45.0% a total Crypto Market capitalization of $1.4 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in the red by 0.53%, Asian indices have dipped, gold and oil are growing.
The alternative version of the Saturday analysis worked out. Bitcoin could not hold on to 34K and moved to a fall, to a low price of 33336 on #Binance exchange. Then there was a bounce towards 36K and again a fall to 34K where we are trading right now. Altcoins suffered even more, with a bitcoin dominance index of 45.0%.
Plan for today. If we cannot return above 3600 or even better 36500, then we can continue moving down to 33000 and 32000. Least likely, leaving and consolidating above 36000-36500 will open the way for 38 and higher.
Some new FUD is coming in, according to a report by the British newspaper The Times, TSB bank is reportedly about to ban its customers from buying crypto with funds managed by the bank. TSB is reportedly concerned about an “excessively high” fraud rate related to crypto exchanges operating in the country. As reported by Cryptopotatao: TSB is reportedly taking actions to prevent its customers from using Kraken and Binance to buy crypto because of their alleged poor safety measures. Recently, a survey by the UK’s Financial Conduct Authority revealed that the number of cryptocurrency investors had increased from last year, as had the average worth of cryptocurrency holdings by retailers. However, the FCA also found that the number of people with a poor understanding of cryptocurrencies also increased even though they invested in them. This is a worrying development for law enforcement and crime prevention agencies, as it provides a breeding ground for scammers and criminals to take advantage of a larger potential pool of victims who are less savvy than in previous years.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Israel Already Tested a Digital Shekel #Cryptocurrency, #Microstrategy Spends another $489 million on 13,005 #Bitcoin as #China Continues the Crypto Ban Drive. .Thoughts on the market 22. 06. 2021
#Bitcoin moved in the range of 35750-31150 during the last 24hrs. Corrections to 31K were quickly redeemed and at the time of writing this review, Bitcoin is trading at about 32,900 with a dominance index of 46.2%, and a total crypto market capitalization of $1.3 Trillion.
The stock market ended Monday trading with growth. The Dow Jones climbed 1.76%, the S&P 500 climbed 1.40%, and the NASDAQ rose 0.79%. Gold futures rose 0.81% to 1783.25 an ounce. The volatility index fell 13.62% to 17.88. The dollar index dropped 0.38% to 91.858.
With another negative on the crypto market, Bitcoin could not reach 36K and went down to a decrease, the minimum to which the price of the main cryptocurrency 31168 on #Binance exchanged was reached, China is again to blame with another ban. Yesterday, the Agricultural Bank of China (the third largest in the country), said that it prohibits the use of its services for transactions with virtual currencies, the same thing was dumped by other banks and one of the largest payment systems, part of the Alibaba Group - Alipay. If it were not for Michael Sailor with his news about the next purchases, which calmed the market a little, Bitcoin could have reached the critical level of 30K. MicroStrategy now owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Which in my biased opinion is inevitable.
The fear spread to the altcoin market as well, as a result of which most of the TOP fell by 15-18% and some fell even deeper. Ethereum dropped below 2K and the price reached a low of $1857. The dominance index is 46.2% and continues to grow, which means that the altcoins will continue to fall towards the cue ball.
Plan for today. If we cannot return 33800-34000, then again we will go to look for the bottom. The first important support is at the level of 31,500, followed by 30,000. I will consider the price below 30K soon, unless of course there is fundamental positive news on crypto. In the likely event of leaving and fixing above 34K will open the way for us 35-36K.
Israel has tested the electronic shekel. According to the statement of the Deputy Governor of the Central Bank of Israel, Andrew Abir, pilot testing of the Central Bank Digital Currency (CBCD) has already been carried out The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance. Abir said he was not optimistic that such a central-bank digital currency (CBDC) would ever be launched. “I had previously estimated that the chance of having a CBDC within five years is 20%,” Abir said. “My estimate has increased a bit in the last year, mainly because other countries are advancing with it too. But still there is less than a 50% chance.”
FYI: Ascot Racecourse is a dual-purpose British racecourse, located in Ascot, Berkshire, England, which is used for thoroughbred horse racing. It hosts 13 of Britain's 36 annual Flat Group 1 horse races and three Grade 1 Jumps races. The Royal Ascot Dress Code can be traced back to the early 19th century when Beau Brummel, a close friend of the Prince Regent, decreed that men of elegance should wear waisted black coats and white cravats with pantaloons to the Royal Meeting. So what a nice twist to have #Bitcoin represented this royal event.
Wishing you a good afternoon ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Bitcoin moved in the range of 35750-31150 during the last 24hrs. Corrections to 31K were quickly redeemed and at the time of writing this review, Bitcoin is trading at about 32,900 with a dominance index of 46.2%, and a total crypto market capitalization of $1.3 Trillion.
The stock market ended Monday trading with growth. The Dow Jones climbed 1.76%, the S&P 500 climbed 1.40%, and the NASDAQ rose 0.79%. Gold futures rose 0.81% to 1783.25 an ounce. The volatility index fell 13.62% to 17.88. The dollar index dropped 0.38% to 91.858.
With another negative on the crypto market, Bitcoin could not reach 36K and went down to a decrease, the minimum to which the price of the main cryptocurrency 31168 on #Binance exchanged was reached, China is again to blame with another ban. Yesterday, the Agricultural Bank of China (the third largest in the country), said that it prohibits the use of its services for transactions with virtual currencies, the same thing was dumped by other banks and one of the largest payment systems, part of the Alibaba Group - Alipay. If it were not for Michael Sailor with his news about the next purchases, which calmed the market a little, Bitcoin could have reached the critical level of 30K. MicroStrategy now owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Which in my biased opinion is inevitable.
The fear spread to the altcoin market as well, as a result of which most of the TOP fell by 15-18% and some fell even deeper. Ethereum dropped below 2K and the price reached a low of $1857. The dominance index is 46.2% and continues to grow, which means that the altcoins will continue to fall towards the cue ball.
Plan for today. If we cannot return 33800-34000, then again we will go to look for the bottom. The first important support is at the level of 31,500, followed by 30,000. I will consider the price below 30K soon, unless of course there is fundamental positive news on crypto. In the likely event of leaving and fixing above 34K will open the way for us 35-36K.
Israel has tested the electronic shekel. According to the statement of the Deputy Governor of the Central Bank of Israel, Andrew Abir, pilot testing of the Central Bank Digital Currency (CBCD) has already been carried out The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance. Abir said he was not optimistic that such a central-bank digital currency (CBDC) would ever be launched. “I had previously estimated that the chance of having a CBDC within five years is 20%,” Abir said. “My estimate has increased a bit in the last year, mainly because other countries are advancing with it too. But still there is less than a 50% chance.”
FYI: Ascot Racecourse is a dual-purpose British racecourse, located in Ascot, Berkshire, England, which is used for thoroughbred horse racing. It hosts 13 of Britain's 36 annual Flat Group 1 horse races and three Grade 1 Jumps races. The Royal Ascot Dress Code can be traced back to the early 19th century when Beau Brummel, a close friend of the Prince Regent, decreed that men of elegance should wear waisted black coats and white cravats with pantaloons to the Royal Meeting. So what a nice twist to have #Bitcoin represented this royal event.
Wishing you a good afternoon ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
New Bank of America Report Says #Digital Currencies 'Could Boost Economic Growth' in Developing Countries as Venture capital firm Blockchain Capital raises $300 million from #PayPal, #Visa. Thoughts on the market 23.06. 2021
#Bitcoin moved in the range of 33300-28800 during the last 24hrs. The correction to 28K was quickly redeemed and Bitcoin bounced back and at the time of writing this review its trading at about 34,000 with a dominance index of 46.9% and Crypto Market Capitalization of $1.3 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.20%, the S&P 500 rose 0.51%, and the NASDAQ rose 0.79%. Gold is falling, oil has remained at the same level. The dollar index was down 0.17% to 91.727.
The alternative analysis worked out,(https://t.me/decryptedge/598) Bitcoin, having lost important support at 30K, continued to look for a new bottom, the minimum to which the price of 28805 was attained on Binance Exchange. Altcoins amicably followed Ethereum dropped to 1700 yesterday and today it returned above 2K. Talk about wild price swings.
Plan for today. If Bitcoin cannot return to the 34000-34500 levels, then most likely we will continue to decline, the key support is now at 30K, if we go even lower, we can return to 28K again and a dump to $24/22K. We have an active bearish trend in my biased opinion. Departure above 34K will open the way to 35000 and 36500.
To some news a new report from Bank of America says digital currencies can spur economic growth in developing countries. The BOA research study found that the rise of digital currencies could potentially “undermine a country’s physical currency,” however. Expanding on these findings, Hauner stated: Easier access to alternative digital currencies is also likely to increase the volatility of domestic money supply and the exchange rate. Easier access to alternatives also raises the risks of rapid shifts of liquidity out of (or into) the currency and the banks which can magnify macro volatility in already less stable countries. Higher macro volatility would then reduce the effectiveness of policies and undermine the long-term rate of growth. Despite these risks, Hauner suggests that more central banks are “likely to issue a general purpose CBDC in the next three years.” As previously reported by Bitcoin.com News, several countries — including a few in Africa — are currently at different stages of developing or piloting their digital currencies. Several more countries are likely to join the race as more studies show that digital currency benefits outweigh the risks.
PayPal and Visa have partnered with $ 300 million investment fund Blockchain Capital. Blockchain Capital, the first venture capital firm founded to focus exclusively on blockchain technology and the crypto ecosystem, announced the close of Blockchain Capital V, LP. The fund was heavily oversubscribed at its $300 million hard cap with participation from strategic investors, pension funds, major university endowments and family offices from around the world. Since its inception in 2013, Blockchain Capital has invested in more than 110 companies, protocols and crypto assets across the ecosystem. The portfolio includes such industry leaders as Coinbase, Kraken, Anchorage and OpenSea, as well as DeFi leaders Aave, Nexus Mutual and UMA. Source: Prnewswire.com
Wishing you a good day ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Bitcoin moved in the range of 33300-28800 during the last 24hrs. The correction to 28K was quickly redeemed and Bitcoin bounced back and at the time of writing this review its trading at about 34,000 with a dominance index of 46.9% and Crypto Market Capitalization of $1.3 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.20%, the S&P 500 rose 0.51%, and the NASDAQ rose 0.79%. Gold is falling, oil has remained at the same level. The dollar index was down 0.17% to 91.727.
The alternative analysis worked out,(https://t.me/decryptedge/598) Bitcoin, having lost important support at 30K, continued to look for a new bottom, the minimum to which the price of 28805 was attained on Binance Exchange. Altcoins amicably followed Ethereum dropped to 1700 yesterday and today it returned above 2K. Talk about wild price swings.
Plan for today. If Bitcoin cannot return to the 34000-34500 levels, then most likely we will continue to decline, the key support is now at 30K, if we go even lower, we can return to 28K again and a dump to $24/22K. We have an active bearish trend in my biased opinion. Departure above 34K will open the way to 35000 and 36500.
To some news a new report from Bank of America says digital currencies can spur economic growth in developing countries. The BOA research study found that the rise of digital currencies could potentially “undermine a country’s physical currency,” however. Expanding on these findings, Hauner stated: Easier access to alternative digital currencies is also likely to increase the volatility of domestic money supply and the exchange rate. Easier access to alternatives also raises the risks of rapid shifts of liquidity out of (or into) the currency and the banks which can magnify macro volatility in already less stable countries. Higher macro volatility would then reduce the effectiveness of policies and undermine the long-term rate of growth. Despite these risks, Hauner suggests that more central banks are “likely to issue a general purpose CBDC in the next three years.” As previously reported by Bitcoin.com News, several countries — including a few in Africa — are currently at different stages of developing or piloting their digital currencies. Several more countries are likely to join the race as more studies show that digital currency benefits outweigh the risks.
PayPal and Visa have partnered with $ 300 million investment fund Blockchain Capital. Blockchain Capital, the first venture capital firm founded to focus exclusively on blockchain technology and the crypto ecosystem, announced the close of Blockchain Capital V, LP. The fund was heavily oversubscribed at its $300 million hard cap with participation from strategic investors, pension funds, major university endowments and family offices from around the world. Since its inception in 2013, Blockchain Capital has invested in more than 110 companies, protocols and crypto assets across the ecosystem. The portfolio includes such industry leaders as Coinbase, Kraken, Anchorage and OpenSea, as well as DeFi leaders Aave, Nexus Mutual and UMA. Source: Prnewswire.com
Wishing you a good day ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
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#Israel Already Tested a Digital Shekel #Cryptocurrency, #Microstrategy Spends another $489 million on 13,005 #Bitcoin as #China Continues the Crypto Ban Drive. .Thoughts on the market 22. 06. 2021
#Bitcoin moved in the range of 35750-31150 during the last…
#Bitcoin moved in the range of 35750-31150 during the last…
John McAfee’s Mysterious Death: Murder or Suicide? #JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is 'Rat Poison' as Warren Buffett Says or a Fad. Thoughts on the market 24. 06. 2021
#Bitcoin was moving in the range of $34880-31880 during the last 24hrs with attempts to gain a foothold above 34K and has not yet succeeded. We have since moved to a decline, after testing the lower border of the range at $31,683, it is now trading at about 32600 with a dominance index of 46.3%. Total Crypto Market Capitalization is at $1.3 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones fell 0.21%, the S&P 500 fell 0.11%, and the NASDAQ rose 0.13%. Gold is falling, oil is rising. The dollar index climbed 0.07% to 91.817.
As I wrote yesterday in the review, if we cannot gain a foothold above 34000-34500, then we will begin to decline, and that is what happened. Bitcoin first rose above 34K and even almost reached 35K (34881 on Binance), but could not hold on to these levels and began to fall. The fear-greed index is 22, and when there is general fear, only panicking and weak hands sell, the correct position in this case is to buy. This is what the big players are doing. Well defined entry and exit points.
Plan for today. If Bitcoin cannot overcome the resistance at 34K, then we can again go to 31 and even 30K, remember we have an active bearish trend. Leaving and fixing above 34K will give an opportunity to test the strength of 35K and above. The main support levels are 31800-30000K, and the resistance is 33800-34000.
John McAfee was found dead following an extradition order to the United States, presumably committing suicide. “Confirmation has come from our legal team in Spain that John was found dead in his jail cell,” said Nishay Sanan, McAfee’s lawyer in Chicago. “I am saddened to hear of the events and my prayers go out to his wife Janice.” “John was and will always be remembered as a fighter,” Sanan said. “He tried to love this country but the U.S. Government made his existence impossible. They tried to erase him but they failed.” McAfee made headlines in the crypto space and mainstream media for a July 2017 prediction that the price of Bitcoin would reach $500,000 by 2020. He went viral on Twitter after responding to another user, saying he would “eat his own dick” on national TV if his Bitcoin prediction was wrong. Fortunately for our eyes, John McAfee didn’t eat his own dick when he was wrong in 2020.
#Coinbase is approved to enter the Japanese cryptocurrency market to trade BTC, BCH, ETH, XLM, and LTC. As reported by news.bitcoin.com, (FSA), announced last week that it has registered #Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act.
Lastly Investment bank #JPMorgan conducted a survey of 3,000 investors from 1,500 organizations and found that 49% of them believe that cryptocurrency is either "rat poison squared", the term used by CEO Warren Buffett to describe Bitcoin, or "temporary fad". The survey results also show that 42% of investors feel that cryptocurrency is here to stay and 9% even believe that it will become an important asset.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Bitcoin was moving in the range of $34880-31880 during the last 24hrs with attempts to gain a foothold above 34K and has not yet succeeded. We have since moved to a decline, after testing the lower border of the range at $31,683, it is now trading at about 32600 with a dominance index of 46.3%. Total Crypto Market Capitalization is at $1.3 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones fell 0.21%, the S&P 500 fell 0.11%, and the NASDAQ rose 0.13%. Gold is falling, oil is rising. The dollar index climbed 0.07% to 91.817.
As I wrote yesterday in the review, if we cannot gain a foothold above 34000-34500, then we will begin to decline, and that is what happened. Bitcoin first rose above 34K and even almost reached 35K (34881 on Binance), but could not hold on to these levels and began to fall. The fear-greed index is 22, and when there is general fear, only panicking and weak hands sell, the correct position in this case is to buy. This is what the big players are doing. Well defined entry and exit points.
Plan for today. If Bitcoin cannot overcome the resistance at 34K, then we can again go to 31 and even 30K, remember we have an active bearish trend. Leaving and fixing above 34K will give an opportunity to test the strength of 35K and above. The main support levels are 31800-30000K, and the resistance is 33800-34000.
John McAfee was found dead following an extradition order to the United States, presumably committing suicide. “Confirmation has come from our legal team in Spain that John was found dead in his jail cell,” said Nishay Sanan, McAfee’s lawyer in Chicago. “I am saddened to hear of the events and my prayers go out to his wife Janice.” “John was and will always be remembered as a fighter,” Sanan said. “He tried to love this country but the U.S. Government made his existence impossible. They tried to erase him but they failed.” McAfee made headlines in the crypto space and mainstream media for a July 2017 prediction that the price of Bitcoin would reach $500,000 by 2020. He went viral on Twitter after responding to another user, saying he would “eat his own dick” on national TV if his Bitcoin prediction was wrong. Fortunately for our eyes, John McAfee didn’t eat his own dick when he was wrong in 2020.
#Coinbase is approved to enter the Japanese cryptocurrency market to trade BTC, BCH, ETH, XLM, and LTC. As reported by news.bitcoin.com, (FSA), announced last week that it has registered #Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act.
Lastly Investment bank #JPMorgan conducted a survey of 3,000 investors from 1,500 organizations and found that 49% of them believe that cryptocurrency is either "rat poison squared", the term used by CEO Warren Buffett to describe Bitcoin, or "temporary fad". The survey results also show that 42% of investors feel that cryptocurrency is here to stay and 9% even believe that it will become an important asset.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
It's #Miami Vs #NewYork in the #Bitcoin City Hub Race. 50,000 Electric Vehicle Charging Stations in Europe to Offer #Crypto #Payments. Thoughts on the market 25. 06. 2021.
Bitcoin continued its growth during the day to a high price of $35500 on Binance Exchange. It has not been possible to gain a foothold above this level and Bitcoin has gone down. At the time of writing this review, Bitcoin is trading at around 34,800 with a dominance index of 46.7% and total crypto market capitalization of $1.39 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.95%, the S&P 500 rose 0.58%, and the NASDAQ rose 0.69%. Gold Futures for August delivery was down 0.48% or 8.55 to 1.774.85 a troy ounce. Oil continues to grow. The dollar index rose 0.01% to 91.790. Markets are rallying after US President Joe Biden announced that he had reached an agreement with the Senate on a $ 953 billion bipartisan infrastructure spending plan.
On the cryptomarket, the option with fixing above 34K worked, the price even broke through the resistance zone at 35K and reached 35500 (Binance) from where sell off ensured. began. We are now trying to return 35K. Altcoins followed through the bounce back, with some showing growth of 20% or more.
The priority option for today is Bitcoin in the range of 33000-36000. An alternative option is a spillage below 33K and a possible 32K test in case of a negative external background.
New York Mayor Eric Adams promises to turn the city into a Bitcoin hub status. As reported by Cointelegraph, This stems from a talk that the United States' budding capital of crypto has seemingly shifted its center from Miami to New York City. Early June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city's mayor, Francis Suarez, has taken a series of steps to strengthen his bid to make Miami the top spot for crypto not just nationally but globally.
Over the next three years, 50,000 EV charging stations across Europe will start accepting crypto payments. Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations.
The integration of crypto payments with charging stations will occur over the next three years starting from November 2021.
Tesla famously did a U-turn on accepting Bitcoin (BTC) payments for vehicles, with Elon Musk noting the firm won’t change course until the mining sector is at least 50% powered by clean energy. Other EV-focused firms have sought ways to innovate using “clean” crypto mining and adoption.
Tomorrow as always we have our weekly #Bitcoin101.. See you then and wishing you a blessed weekend ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Bitcoin continued its growth during the day to a high price of $35500 on Binance Exchange. It has not been possible to gain a foothold above this level and Bitcoin has gone down. At the time of writing this review, Bitcoin is trading at around 34,800 with a dominance index of 46.7% and total crypto market capitalization of $1.39 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.95%, the S&P 500 rose 0.58%, and the NASDAQ rose 0.69%. Gold Futures for August delivery was down 0.48% or 8.55 to 1.774.85 a troy ounce. Oil continues to grow. The dollar index rose 0.01% to 91.790. Markets are rallying after US President Joe Biden announced that he had reached an agreement with the Senate on a $ 953 billion bipartisan infrastructure spending plan.
On the cryptomarket, the option with fixing above 34K worked, the price even broke through the resistance zone at 35K and reached 35500 (Binance) from where sell off ensured. began. We are now trying to return 35K. Altcoins followed through the bounce back, with some showing growth of 20% or more.
The priority option for today is Bitcoin in the range of 33000-36000. An alternative option is a spillage below 33K and a possible 32K test in case of a negative external background.
New York Mayor Eric Adams promises to turn the city into a Bitcoin hub status. As reported by Cointelegraph, This stems from a talk that the United States' budding capital of crypto has seemingly shifted its center from Miami to New York City. Early June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city's mayor, Francis Suarez, has taken a series of steps to strengthen his bid to make Miami the top spot for crypto not just nationally but globally.
Over the next three years, 50,000 EV charging stations across Europe will start accepting crypto payments. Two payments firms have partnered to roll out crypto payments across 50,000 electric vehicle (EV) charging stations in Europe. The partnership is between Irish e-commerce and mobile payment solutions firm HIPS Payment Group Ltd and Vourity, a Swedish firm that specializes in unattended payment facilities such as EV charging stations.
The integration of crypto payments with charging stations will occur over the next three years starting from November 2021.
Tesla famously did a U-turn on accepting Bitcoin (BTC) payments for vehicles, with Elon Musk noting the firm won’t change course until the mining sector is at least 50% powered by clean energy. Other EV-focused firms have sought ways to innovate using “clean” crypto mining and adoption.
Tomorrow as always we have our weekly #Bitcoin101.. See you then and wishing you a blessed weekend ahead, and always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
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Topic: *DIGITIZATION SHIFT .... WHERE ARE YOU?*
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*- _Crypto Market Cycles._.*
*- Crypto-Markets news and this week updates.*
*- Open Q & A session*
Join Zoom Meeting
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UK watchdog bans cryptocurrency exchange Binance US Fed Official Calls T(USDT) Tether a ‘Challenge’ to Financial Stability. Thoughts on the Crypto Market 28. 06. 2021
Bitcoin moved in the range of 31970-34970 during the day. Breaking through the 35K resistance has not yet led to success and Bitcoin has gone down yet again. At the time of writing this review, the main cryptocurrency is trading at around 34,400 with a dominance index 47.1% and total Crypto Market capitalisation of $1.3 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver have added.
Bitcoin had a pretty tumultuous weekend as it should be. On Saturday and Sunday, it traded around 30K, reaching a local low at 30151 (Binance), this morning began a sharp recovery to a high of 34972 Binance. Altcoins are shooting selectively, Ethereum reached 2K and is now trading around $ 1980.
In general, nothing new and interesting, you have to write the same thing. But I am sure that this sluggish sideways trend will end soon and long-awaited growth awaits us, a lot of positive events are scheduled for July-August, we just need to wait.
Plan for today. If Bitcoin cannot overcome the resistance at 35000-35500, then we can again go to 34000-33000, leaving below 33K will open the way to 30K. Growth and consolidation above 35K will give an opportunity to test the strength of 36K and above.
Eric Rosengren, President of the Federal Reserve Bank of Boston, called the stablecoin Tether USDT a "challenge to financial stability" on Friday, June 25. In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed Tether among the “financial stability challenges” the U.S. central bank is watching. Rosengren included the stablecoin among what he termed “new disruptors” to short-term credit markets.
Elon Musk and Jack Dorsey are ready to discuss Bitcoin. Twitter CEO Jack Dorsey has announced the "The B word" Bitcoin conference Elon Musk has agreed to discuss Bitcoin at an event to be held on July 21. A source.
Binance announced that it will no longer provide services to users in Ontario, Canada. Ontario has recently sued many exchanges including Bybit and Kucoin. A source. From another tweet in regards to another recent ban in the UK. “We are aware of recent reports about an FCA UK notice in relation to Binance Markets Limited (BML). BML is a separate legal entity and does not offer any products or services via the Binance.com website. Source:
Wishing you a great week ahead and Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Bitcoin moved in the range of 31970-34970 during the day. Breaking through the 35K resistance has not yet led to success and Bitcoin has gone down yet again. At the time of writing this review, the main cryptocurrency is trading at around 34,400 with a dominance index 47.1% and total Crypto Market capitalisation of $1.3 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are slightly positive, Asian indices are trading in different directions, gold and silver have added.
Bitcoin had a pretty tumultuous weekend as it should be. On Saturday and Sunday, it traded around 30K, reaching a local low at 30151 (Binance), this morning began a sharp recovery to a high of 34972 Binance. Altcoins are shooting selectively, Ethereum reached 2K and is now trading around $ 1980.
In general, nothing new and interesting, you have to write the same thing. But I am sure that this sluggish sideways trend will end soon and long-awaited growth awaits us, a lot of positive events are scheduled for July-August, we just need to wait.
Plan for today. If Bitcoin cannot overcome the resistance at 35000-35500, then we can again go to 34000-33000, leaving below 33K will open the way to 30K. Growth and consolidation above 35K will give an opportunity to test the strength of 36K and above.
Eric Rosengren, President of the Federal Reserve Bank of Boston, called the stablecoin Tether USDT a "challenge to financial stability" on Friday, June 25. In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed Tether among the “financial stability challenges” the U.S. central bank is watching. Rosengren included the stablecoin among what he termed “new disruptors” to short-term credit markets.
Elon Musk and Jack Dorsey are ready to discuss Bitcoin. Twitter CEO Jack Dorsey has announced the "The B word" Bitcoin conference Elon Musk has agreed to discuss Bitcoin at an event to be held on July 21. A source.
Binance announced that it will no longer provide services to users in Ontario, Canada. Ontario has recently sued many exchanges including Bybit and Kucoin. A source. From another tweet in regards to another recent ban in the UK. “We are aware of recent reports about an FCA UK notice in relation to Binance Markets Limited (BML). BML is a separate legal entity and does not offer any products or services via the Binance.com website. Source:
Wishing you a great week ahead and Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Offenders Face Jail Time. Rich Dad, Poor Dad Author Says A Crash is Coming. Thoughts on the market 29 . 06. 2021
Bitcoin moved in the range of 33860-35300 during the day with several attempts to gain a foothold above 35K, but have not yet yielded results. At the time of writing this review,Bitcoin is trading at around 34,700, dominance index of 46.2%. Total Crypto Market capitalization stands at $1.4 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones fell 0.44%, the S&P 500 rose 0.23%, and the NASDAQ rose 0.98%. Gold and silver rose, oil fell. The dollar index rose 0.05% to 91.888.
On the cryptomarket, we continue to move sideways, 36K is still the main resistance, a breakdown and consolidation above which will open the way for us at 40K.
The plan for today is the same as yesterday. If Bitcoin cannot overcome the resistance at 35000-35500, then we can go back to 34-33K. Growth and consolidation above 35K will give an opportunity to test the strength of 36000-36500 and above. Major support levels 34500-33200, resistance levels 35000-35500
The author of the book "Rich Dad Poor Dad" Robert Kiyosaki called for buying bitcoin before "the biggest crash in history" On his Tweet he said “ The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.”
London-based TSB Bank, which is owned by Spanish banking giant Banco Sabadell, wants to ban cryptocurrency purchases. Cryptocurrency fraud is the main issue that influenced this decision, according to a bank spokesperson. The ban might also have been prompted by the Financial Conduct Authority banning Binance Markets Limited from operating in the country last week. It's worth noting that all products and services offered by the Binance crypto exchange are still fully accessible in the U.K. 849 TSB customers lost money on Binance in the span of one month.
Lastly, fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. According to a Mybroadband report, this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is composed of South Africa’s financial regulators. In the document, regulators explained:
Exchange Control Regulation 10(1)(c) prohibits transactions where capital or the right to capital is, without permission from the National Treasury, directly or indirectly exported from South Africa. The IFWG document adds that individuals in contravention of these regulations face a financial penalty of over $17,500 (250,000 rand) and possibly up to five years in prison. Source news.bitcoin. How this shall be implemented is a wonder, owing to the fact one cannot trace a cryptocurrency address transaction by location.
Kenyan authorities stemming from CBK have frustrated Debit/Credit Card Purchase of Cryptocurrencies too on the Binance P2P platforms.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
Bitcoin moved in the range of 33860-35300 during the day with several attempts to gain a foothold above 35K, but have not yet yielded results. At the time of writing this review,Bitcoin is trading at around 34,700, dominance index of 46.2%. Total Crypto Market capitalization stands at $1.4 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones fell 0.44%, the S&P 500 rose 0.23%, and the NASDAQ rose 0.98%. Gold and silver rose, oil fell. The dollar index rose 0.05% to 91.888.
On the cryptomarket, we continue to move sideways, 36K is still the main resistance, a breakdown and consolidation above which will open the way for us at 40K.
The plan for today is the same as yesterday. If Bitcoin cannot overcome the resistance at 35000-35500, then we can go back to 34-33K. Growth and consolidation above 35K will give an opportunity to test the strength of 36000-36500 and above. Major support levels 34500-33200, resistance levels 35000-35500
The author of the book "Rich Dad Poor Dad" Robert Kiyosaki called for buying bitcoin before "the biggest crash in history" On his Tweet he said “ The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and Bitcoin while you can. Take care.”
London-based TSB Bank, which is owned by Spanish banking giant Banco Sabadell, wants to ban cryptocurrency purchases. Cryptocurrency fraud is the main issue that influenced this decision, according to a bank spokesperson. The ban might also have been prompted by the Financial Conduct Authority banning Binance Markets Limited from operating in the country last week. It's worth noting that all products and services offered by the Binance crypto exchange are still fully accessible in the U.K. 849 TSB customers lost money on Binance in the span of one month.
Lastly, fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases crypto assets in South Africa and uses them to externalize “any right to capital” will be deemed a criminal offense. According to a Mybroadband report, this new interpretation of the country’s exchange control regulations is contained in the FAQ document recently published by the Intergovernmental Fintech Working Group (IFWG), a body that is composed of South Africa’s financial regulators. In the document, regulators explained:
Exchange Control Regulation 10(1)(c) prohibits transactions where capital or the right to capital is, without permission from the National Treasury, directly or indirectly exported from South Africa. The IFWG document adds that individuals in contravention of these regulations face a financial penalty of over $17,500 (250,000 rand) and possibly up to five years in prison. Source news.bitcoin. How this shall be implemented is a wonder, owing to the fact one cannot trace a cryptocurrency address transaction by location.
Kenyan authorities stemming from CBK have frustrated Debit/Credit Card Purchase of Cryptocurrencies too on the Binance P2P platforms.
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
64 #Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, #FCA Says as #Hydropower plants go on sale in #China amid mining crackdown and #Bitcoin Slump. Thoughts on the market 30. 06. 2021
Bitcoin moved in the range of 34200-36600 during the day. There were several attempts to gain a foothold above 36K, but did not succeed. As at the time of writing this review, #Bitcoin is trading around 35,100 with dominance index 46.2%. Total Crypto Market capitalization is $1.4 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones rose 0.03%, the S&P 500 rose 0.03%, and the NASDAQ rose 0.19%. Gold falls, oil continues to rise. The dollar index rose 0.19% to 92.047.
On the #cryptomarket, the option with fixing above 35K worked, the price even broke through the resistance zone at 36K and reached 36600 on Binance exchange from where a sell off began. Now we are trying to maintain at 35K. Altcoins reached mirrored Bitcoin growth with some showing growth of 20% or more. We continue to move in the same wide range, for growth we need a breakout and consolidation above 40K, then we can talk about the beginning of an upward movement.
Plan for today. If Bitcoin cannot overcome the resistance at 36000-36500, then again we will go to 35-34K. Growth and consolidation above 36K will give an opportunity to test the strength of 37000-38000.
In China, they began to sell small hydroelectric power plants against the backdrop of tough measures against miners. As reported by the South China Morning Post. The number of advertisements on Xianyu, a popular second-hand e-commerce platform, for small scale hydro plants with capacity of around 50 megawatts, has increased since the mining crackdown began in May. Some plants are in southwestern Sichuan province, an area in China with abundant water resources that can provide cheap electricity and where 26 bitcoin mining operations were ordered to shut down last week.
Lastly, a growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications. Under the current crypto regulation, the Financial Conduct Authority (FCA) is responsible for ensuring crypto companies’ compliance with laws on the prevention of money laundering and terrorist financing. Companies wanting to provide crypto-related services in the U.K. must register with the FCA before conducting business. Source news.bitcoin.com
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
Bitcoin moved in the range of 34200-36600 during the day. There were several attempts to gain a foothold above 36K, but did not succeed. As at the time of writing this review, #Bitcoin is trading around 35,100 with dominance index 46.2%. Total Crypto Market capitalization is $1.4 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones rose 0.03%, the S&P 500 rose 0.03%, and the NASDAQ rose 0.19%. Gold falls, oil continues to rise. The dollar index rose 0.19% to 92.047.
On the #cryptomarket, the option with fixing above 35K worked, the price even broke through the resistance zone at 36K and reached 36600 on Binance exchange from where a sell off began. Now we are trying to maintain at 35K. Altcoins reached mirrored Bitcoin growth with some showing growth of 20% or more. We continue to move in the same wide range, for growth we need a breakout and consolidation above 40K, then we can talk about the beginning of an upward movement.
Plan for today. If Bitcoin cannot overcome the resistance at 36000-36500, then again we will go to 35-34K. Growth and consolidation above 36K will give an opportunity to test the strength of 37000-38000.
In China, they began to sell small hydroelectric power plants against the backdrop of tough measures against miners. As reported by the South China Morning Post. The number of advertisements on Xianyu, a popular second-hand e-commerce platform, for small scale hydro plants with capacity of around 50 megawatts, has increased since the mining crackdown began in May. Some plants are in southwestern Sichuan province, an area in China with abundant water resources that can provide cheap electricity and where 26 bitcoin mining operations were ordered to shut down last week.
Lastly, a growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications. Under the current crypto regulation, the Financial Conduct Authority (FCA) is responsible for ensuring crypto companies’ compliance with laws on the prevention of money laundering and terrorist financing. Companies wanting to provide crypto-related services in the U.K. must register with the FCA before conducting business. Source news.bitcoin.com
Always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
$6 Billion #NCR Opens #Bitcoin Purchases To 650 #Banks And Credit Unions. Thoughts on the Crypto Market 01. 07. 2021.
#Bitcoin yesterday could not hold 35K and moved to a decline to the price of 34017 on #Binance exchange where it is currently being traded. Total Crypto Market capitalization is at $1.4 Trillion and BTC dominance index of 45.4%.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.61%, the S&P 500 rose 0.21%, and the NASDAQ lost 0.17%. The volatility index fell 1.19% to 15.83. Gold and oil are growing. The dollar index rose 0.34% to 92.350
With Bitcoin being unable to overcome the resistance and gain a foothold above 36K, it went down, reaching the designated level of 34K. We pushed off and moved on to growth, but couldn't hold due to a sell off again . We are now trying to stay at 34K. Altcoins have returned to life, some are showing growth even against the backdrop of Bitcoin correction.
Plan for today. If Bitcoin cannot overcome the resistance at 35200-35500, then again we will go to 34K and even 32K. Let me remind you as we are on an active down trend. Growth and consolidation above 35K will make it possible to retest 36000-36500.
650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers. As part of the deal between enterprise payments giant NCR and digital-asset management firm NYDIG, community banks, including North Carolina-based First Citizens Bank, and credit unions, including Bay Federal Credit Union in California, will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider. As reported by forbes.com
Instead of having to deal with the burdensome regulatory requirements related to actually holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on Nydig’s custody services. The effort is the latest by Atlanta-based NCR to capitalize on demand it’s seeing from banks and credit unions tired of seeing crypto purchases made from their accounts to outside exchanges. By providing these clients a way to buy bitcoin—and eventually spend it—within their existing accounts, the traditional financial institutions are part of a rising tide of those companies in direct competition with cryptocurrency exchanges. “We're firm believers in the benefits of crypto and the strategic application,” says NCR president of digital banking Douglas Brown. “And that's true for our banking relationships, as evidenced by Nydig, and across retailers as well as restaurants and the like.”
NCR Corporation is a leader in omni-channel solutions, with its software, hardware, and portfolio of services, enabling nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries globally. I am certain you may have seen the logo on your ATM. One of the photos is a tweet from @Coopbankenya shows NCR Cassette Engineer Samuel Kimotho Irungu and Service Manager Coop House Branch Justina Musyimi testing ATM cassettes for the dispense of new currency notes across ATMs countrywide back in June 2019.
As always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge
#Bitcoin yesterday could not hold 35K and moved to a decline to the price of 34017 on #Binance exchange where it is currently being traded. Total Crypto Market capitalization is at $1.4 Trillion and BTC dominance index of 45.4%.
The stock market finished trading on Wednesday in different directions. The Dow Jones climbed 0.61%, the S&P 500 rose 0.21%, and the NASDAQ lost 0.17%. The volatility index fell 1.19% to 15.83. Gold and oil are growing. The dollar index rose 0.34% to 92.350
With Bitcoin being unable to overcome the resistance and gain a foothold above 36K, it went down, reaching the designated level of 34K. We pushed off and moved on to growth, but couldn't hold due to a sell off again . We are now trying to stay at 34K. Altcoins have returned to life, some are showing growth even against the backdrop of Bitcoin correction.
Plan for today. If Bitcoin cannot overcome the resistance at 35200-35500, then again we will go to 34K and even 32K. Let me remind you as we are on an active down trend. Growth and consolidation above 35K will make it possible to retest 36000-36500.
650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers. As part of the deal between enterprise payments giant NCR and digital-asset management firm NYDIG, community banks, including North Carolina-based First Citizens Bank, and credit unions, including Bay Federal Credit Union in California, will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider. As reported by forbes.com
Instead of having to deal with the burdensome regulatory requirements related to actually holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on Nydig’s custody services. The effort is the latest by Atlanta-based NCR to capitalize on demand it’s seeing from banks and credit unions tired of seeing crypto purchases made from their accounts to outside exchanges. By providing these clients a way to buy bitcoin—and eventually spend it—within their existing accounts, the traditional financial institutions are part of a rising tide of those companies in direct competition with cryptocurrency exchanges. “We're firm believers in the benefits of crypto and the strategic application,” says NCR president of digital banking Douglas Brown. “And that's true for our banking relationships, as evidenced by Nydig, and across retailers as well as restaurants and the like.”
NCR Corporation is a leader in omni-channel solutions, with its software, hardware, and portfolio of services, enabling nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries globally. I am certain you may have seen the logo on your ATM. One of the photos is a tweet from @Coopbankenya shows NCR Cassette Engineer Samuel Kimotho Irungu and Service Manager Coop House Branch Justina Musyimi testing ATM cassettes for the dispense of new currency notes across ATMs countrywide back in June 2019.
As always remember, you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge