#Crypto Frenzy May be Winding Down, #Visa CFO says, #Binance Introduces #Tax Reporting API Tool, #Coca-Cola officially gets into #NFTs for charity. #Crypto Market Views and Thoughts 29.07.2021
Bitcoin during the day was in the range of 40900-38770. Corrections to 38K were quickly bought, but still failed to fix above 40K. At the time of writing this review, the main cryptocurrency costs $39800 with a dominance index of 48.4% and total crypto market capitalization of $1.54 Trillion.
The stock market has completed bargaining medium in multidirectional. Dow Jones fell by 0.36%, the S & P 500 index dropped by 0.02%, the NASDAQ index rose by 0.70%. Gold and oil rose. The dollar index dropped by 0.21% to 92.245.
Bitcoin was not able to fix above 40k and it is bad, the inability to pass the resistance area of 40-42k can send the main cryptocurrency to the side of 36,000 and even 34,000 to refuel. On the other hand, Bitcoin found support for 38K, and quickly returned above 39k, and this in favor of continuing attempts to take 40k and further sideways move.
So far, everything is according to plan and in August we may see Bitcoin above 50k, if within 1-2 days it will not be fixed above 40k, then we will walk in the range of 30-40k. If we exit this range the next target level is 45-47k. When there is a decrease in the dollar index, the growth will be rapid.
Plan for today. If Bitcoin cannot return and fasten up to 40,000 and above even better to 40500, we can again go 38k /36k. Fixing above 40000-40500 will open the road to 41-42K.
#BINANCE has introduced a new tool for formation of tax reporting. In a news update, the new API tool allows Binance users to easily keep track of their crypto activities in order to ensure they are fulfilling the reporting requirements laid out by their regulatory bodies. The Tax Reporting Tool allows users to: Transfer read-only user transaction history and records of capital gains and losses on Binance to third-party tax vendor tools. Get a real-time overview of their local tax liabilities by integrating third-party tax vendor tools via the Tax Reporting Tool, where the API import function will dynamically pull transaction history and records of more than 1 financial year to file taxes.
Visa's financial director believes that madness in cryptocurrencies is subsiding. With the unprecedented growth in the crypto markets, lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives. As reported by cointelegraph, Visa chief financial officer Vasant Prabhu said that much of the crypto-driven momentum behind higher cross-border spending was in fact limited to the first two months of the quarter. Highlighting the spike in crypto purchases in April and May, Prabhu noted that it had begun to fall back by June. Given the faltering return to international travel, Prabhu warned that the cross-border volume could be poised to decline without being buoyed up by a booming crypto market.
Lastly, One of the most recognizable brand names in the world, Coca-Cola drinks manufacturer, will release NFT collection in honor of the International Friendship Day. The nonfungible tokens are to raise money for Special Olympics International. OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30. “Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways,” said Global Coca-Cola Trademark president Selman Careaga. “We are excited to share our first NFTs with the metaverse.” The soft drink manufacturer said it would donate the proceeds from the auction to Special Olympics International, a sports organization aimed at ending discrimination against people with intellectual disabilities. The opening bid for the auction was not available at the time of publication.
Bitcoin during the day was in the range of 40900-38770. Corrections to 38K were quickly bought, but still failed to fix above 40K. At the time of writing this review, the main cryptocurrency costs $39800 with a dominance index of 48.4% and total crypto market capitalization of $1.54 Trillion.
The stock market has completed bargaining medium in multidirectional. Dow Jones fell by 0.36%, the S & P 500 index dropped by 0.02%, the NASDAQ index rose by 0.70%. Gold and oil rose. The dollar index dropped by 0.21% to 92.245.
Bitcoin was not able to fix above 40k and it is bad, the inability to pass the resistance area of 40-42k can send the main cryptocurrency to the side of 36,000 and even 34,000 to refuel. On the other hand, Bitcoin found support for 38K, and quickly returned above 39k, and this in favor of continuing attempts to take 40k and further sideways move.
So far, everything is according to plan and in August we may see Bitcoin above 50k, if within 1-2 days it will not be fixed above 40k, then we will walk in the range of 30-40k. If we exit this range the next target level is 45-47k. When there is a decrease in the dollar index, the growth will be rapid.
Plan for today. If Bitcoin cannot return and fasten up to 40,000 and above even better to 40500, we can again go 38k /36k. Fixing above 40000-40500 will open the road to 41-42K.
#BINANCE has introduced a new tool for formation of tax reporting. In a news update, the new API tool allows Binance users to easily keep track of their crypto activities in order to ensure they are fulfilling the reporting requirements laid out by their regulatory bodies. The Tax Reporting Tool allows users to: Transfer read-only user transaction history and records of capital gains and losses on Binance to third-party tax vendor tools. Get a real-time overview of their local tax liabilities by integrating third-party tax vendor tools via the Tax Reporting Tool, where the API import function will dynamically pull transaction history and records of more than 1 financial year to file taxes.
Visa's financial director believes that madness in cryptocurrencies is subsiding. With the unprecedented growth in the crypto markets, lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives. As reported by cointelegraph, Visa chief financial officer Vasant Prabhu said that much of the crypto-driven momentum behind higher cross-border spending was in fact limited to the first two months of the quarter. Highlighting the spike in crypto purchases in April and May, Prabhu noted that it had begun to fall back by June. Given the faltering return to international travel, Prabhu warned that the cross-border volume could be poised to decline without being buoyed up by a booming crypto market.
Lastly, One of the most recognizable brand names in the world, Coca-Cola drinks manufacturer, will release NFT collection in honor of the International Friendship Day. The nonfungible tokens are to raise money for Special Olympics International. OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30. “Each NFT was created to celebrate elements that are core to the Coca-Cola brand, reinterpreted for a virtual world in new and exciting ways,” said Global Coca-Cola Trademark president Selman Careaga. “We are excited to share our first NFTs with the metaverse.” The soft drink manufacturer said it would donate the proceeds from the auction to Special Olympics International, a sports organization aimed at ending discrimination against people with intellectual disabilities. The opening bid for the auction was not available at the time of publication.
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid afternoon day ahead. #Decryptedge.
#PAYPAL TO EXPAND #BITCOIN BUYING TO UK, SAYS WALLET WITHDRAWALS IN PROGRESS AS #MICROSTRATEGY PLANS TO CONTINUE AMASSING #BITCOIN
Thoughts on the market 30.07.2021
Bitcoin yesterday moved in the range of 40600-39200. We also saw corrections to 39K that were redeemed. Yet again, #bitcoin did not gain a foothold above 40K. At the time of writing this review, it is worth 40,029, dominance index 47.4%. Total Crypto Market capitalization is at $1.57 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.44%, the S&P 500 rose 0.42%, and the NASDAQ rose 0.11%. Gold rose 1.57% to reach 1.827.90 an ounce, Brent crude rose to $ 74.98. The dollar index dropped 0.44% to 91.907.
Bitcoin is moving in a narrow range, the pressure of the upper border of the sideways continues. More and more positive things are being brought up every day, the fear index is 53% and will soon be in the green zone, market capitalization continues to grow, altcoins are recovering, the dollar index is gradually falling. We are waiting for the catapult shot and it will be very soon.
Plan for today. If Bitcoin cannot return and gain a foothold above 40200, or better than 40500, then we can go to 38K and even 36K. Leaving and fixing above 40200-40500 will open the way to 41-43K.
To some news, Bitcoin stocks on exchanges continue to evaporate. According to Glassnode, 57,000 BTC have been withdrawn from crypto exchanges in the last 24 hours, a record number since 2016. A quick lesson: Exchange inflows (deposits) communicate upcoming selling pressure. Exchange outflows (withdrawals) communicate bullish sentiment. This aspect is not actionable on its own but can act as a good confluence of metrics.
Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly a billion dollars more from Bitcoin than it spent.
PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion. As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February. Souce: bitcoinmagazine
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid Friday and weekend ahead. #Decryptedge.
Thoughts on the market 30.07.2021
Bitcoin yesterday moved in the range of 40600-39200. We also saw corrections to 39K that were redeemed. Yet again, #bitcoin did not gain a foothold above 40K. At the time of writing this review, it is worth 40,029, dominance index 47.4%. Total Crypto Market capitalization is at $1.57 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones rose 0.44%, the S&P 500 rose 0.42%, and the NASDAQ rose 0.11%. Gold rose 1.57% to reach 1.827.90 an ounce, Brent crude rose to $ 74.98. The dollar index dropped 0.44% to 91.907.
Bitcoin is moving in a narrow range, the pressure of the upper border of the sideways continues. More and more positive things are being brought up every day, the fear index is 53% and will soon be in the green zone, market capitalization continues to grow, altcoins are recovering, the dollar index is gradually falling. We are waiting for the catapult shot and it will be very soon.
Plan for today. If Bitcoin cannot return and gain a foothold above 40200, or better than 40500, then we can go to 38K and even 36K. Leaving and fixing above 40200-40500 will open the way to 41-43K.
To some news, Bitcoin stocks on exchanges continue to evaporate. According to Glassnode, 57,000 BTC have been withdrawn from crypto exchanges in the last 24 hours, a record number since 2016. A quick lesson: Exchange inflows (deposits) communicate upcoming selling pressure. Exchange outflows (withdrawals) communicate bullish sentiment. This aspect is not actionable on its own but can act as a good confluence of metrics.
Business intelligence and mobile software firm MicroStrategy has pledged to buy more Bitcoin despite reporting impairment losses of $424.8 million in Q2. This is only a paper loss however based on the price of Bitcoin at the end of the quarter and does not reflect a realized loss. Depending on how you add the figures up, MicroStrategy appears to have made nearly a billion dollars more from Bitcoin than it spent.
PayPal president and CEO Dan Schulman has issued new details about the payment giant’s Bitcoin and cryptocurrency services expansion. As part of the company’s Q2 earnings call Wednesday, Schulman hinted at the possibility of buy and sell functionality becoming available in the U.K. as soon as next month, a development that would find PayPal following through on promises issued as far back as February. Souce: bitcoinmagazine
Remember you must always do your own research. This is not traditional investment or financial advice. Have a splendid Friday and weekend ahead. #Decryptedge.
Back to Basics II : History and Introduction to Digital Assets..
- Where did it all begin?
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/86837123021?pwd=ZkxwZDJNZ3d6WXRWcU1uMFZiaEdCQT09
- Where did it all begin?
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/86837123021?pwd=ZkxwZDJNZ3d6WXRWcU1uMFZiaEdCQT09
Zoom Video
Join our Cloud HD Video Meeting
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution…
Malaysian Regulators Ordered #Binance To Shut Down Their Operations as Germany to Allow Institutional Funds to Hold up to 20% in #Crypto
Thoughts on the market 31.07. 2021
Bitcoin continued its growth during the day, to a high of 42448 on Binance Exchange. It has not yet managed to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading around 42,204 with a dominance index of 48.3%. Total crypto market capitalization $1.62 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones dropped 0.42%, the S&P 500 dropped 0.54%, and the NASDAQ lost 0.71%. Gold and silver are falling, oil is rising. The dollar index rose 0.29% to 92.142.
On the cryptomarket, the option with fixing above 40K worked, the price even broke through the resistance zone at 42K and reached 42448 (Binance) from where a sell off began. The fear index is falling and already shows 60%, the positive is increasing more and more every day. I think today we will make another attempt to break through 42K.
On the weekend I expect Bitcoin in the range of 38000-44000. An alternative option is a spillage below 38K, in which case another 36K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
To some news, Germany will allow institutional funds to invest up to 20% of their assets in cryptocurrencies. The law taking effect on Monday will let so-called Spezialfonds with fixed investment rules put as much as 20% of their holdings in Bitcoin and other crypto assets. The funds, which can only be accessed by institutional investors such as pension companies and insurers, currently manage about 1.8 trillion euros ($2.1 trillion).
The Central Bank of Ukraine has officially authorized the issue of digital currency. Ukrainian President Volodymyr Zelenskyy signed the Law on Payment Services, officially allowing the country's central bank to issue CBDC - digital hryvnia. According to the law, nine categories of payment service providers will be defined in Ukraine. There will be new market participants - electronic money institutions, branches of foreign payment institutions, providers of information on accounts, payment institutions. There will be nine payment services, two of which are non-financial (payment initiation service and account information service.
Lastly, The Securities Commission (SC) Malaysia announced their order against Binance Exchange on 30 July. According to SC Binance is violating the rules of Malaysian regulators and they are ordered to cease all the Operations from Malaysia. This includes shutdown of the website and mobile apps, as well as the termination of any media campaign for its services in the country. In response to this notice by Malaysia, A spokesperson gives his statements to the cointelegraph new agency that they are working at their best to comply with the rules & regulation of the regulators, so that they can navigate this emerging market. And also they are changing their rules, policies & laws seriously. Source: bitcoinik.com, Bloomberg & Cointelegraph.
Wishing you a great week ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Thoughts on the market 31.07. 2021
Bitcoin continued its growth during the day, to a high of 42448 on Binance Exchange. It has not yet managed to gain a foothold above this level and Bitcoin moved to a decline. At the time of this writing, the main cryptocurrency is trading around 42,204 with a dominance index of 48.3%. Total crypto market capitalization $1.62 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones dropped 0.42%, the S&P 500 dropped 0.54%, and the NASDAQ lost 0.71%. Gold and silver are falling, oil is rising. The dollar index rose 0.29% to 92.142.
On the cryptomarket, the option with fixing above 40K worked, the price even broke through the resistance zone at 42K and reached 42448 (Binance) from where a sell off began. The fear index is falling and already shows 60%, the positive is increasing more and more every day. I think today we will make another attempt to break through 42K.
On the weekend I expect Bitcoin in the range of 38000-44000. An alternative option is a spillage below 38K, in which case another 36K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
To some news, Germany will allow institutional funds to invest up to 20% of their assets in cryptocurrencies. The law taking effect on Monday will let so-called Spezialfonds with fixed investment rules put as much as 20% of their holdings in Bitcoin and other crypto assets. The funds, which can only be accessed by institutional investors such as pension companies and insurers, currently manage about 1.8 trillion euros ($2.1 trillion).
The Central Bank of Ukraine has officially authorized the issue of digital currency. Ukrainian President Volodymyr Zelenskyy signed the Law on Payment Services, officially allowing the country's central bank to issue CBDC - digital hryvnia. According to the law, nine categories of payment service providers will be defined in Ukraine. There will be new market participants - electronic money institutions, branches of foreign payment institutions, providers of information on accounts, payment institutions. There will be nine payment services, two of which are non-financial (payment initiation service and account information service.
Lastly, The Securities Commission (SC) Malaysia announced their order against Binance Exchange on 30 July. According to SC Binance is violating the rules of Malaysian regulators and they are ordered to cease all the Operations from Malaysia. This includes shutdown of the website and mobile apps, as well as the termination of any media campaign for its services in the country. In response to this notice by Malaysia, A spokesperson gives his statements to the cointelegraph new agency that they are working at their best to comply with the rules & regulation of the regulators, so that they can navigate this emerging market. And also they are changing their rules, policies & laws seriously. Source: bitcoinik.com, Bloomberg & Cointelegraph.
Wishing you a great week ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Updated US Infrastructure Bill Narrows Crypto Reporting Requirement. Crypto Market Thoughts on 2.08. 2021
Bitcoin on the weekend moved in the range of $39250-42600. With several attempts to gain a foothold above 42K, which were not successful. At the time of writing this review, the main cryptocurrency is trading around 39,700, with a dominance index of 46.6%. Total Crypto Market capitalization $1.6 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.51%, Asian indices are also showing growth, gold and silver dipped slightly.
#Bitcoin worked out the priority version of Saturday's review and was traded in the specified range. A high price reached was 42599 on the Binance Exchange, and a low of $39250, now we are trying to return above 40K.
After such an increase, it would be good to go even lower by 38 or even 36K in order to reduce the overbought level, refuel and move on to further growth. After fixing at 42K, it will be possible to talk about targets at 50K and above.
Plan for today. If Bitcoin fails to break through the resistance and gain a foothold above 40,000-40,500, then we can return to the 38,000-37,000 levels. Leaving and fixing above 40500 will open the way to 42K. Major resistance levels are 40-42K and support at 38500-37000.
One news item. An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions. The updated version of the bill now specifies that only people who provide digital asset transfers would be treated as a broker, according to a copy of the draft bill obtained by CoinDesk and later posted online. In other words, the language now does not explicitly include decentralized exchanges, but it also doesn’t explicitly exclude miners, node operators, software developers or similar parties.
“This legislative language does not redefine digital assets or cryptocurrency as a ‘security’ for tax purposes, impugn on the privacy of individual crypto holders, or force non-brokers, such as software developers and crypto miners, to comply with IRS reporting obligations. It simply clarifies that any person or entity acting as a broker by facilitating trades for clients and receiving cash, must comply with a standard information reporting obligation,” spokesperson Drew Nirenberg told CoinDesk. Source: Coindesk.
Have a splendid week ahead. #NFA.
Bitcoin on the weekend moved in the range of $39250-42600. With several attempts to gain a foothold above 42K, which were not successful. At the time of writing this review, the main cryptocurrency is trading around 39,700, with a dominance index of 46.6%. Total Crypto Market capitalization $1.6 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are up 0.51%, Asian indices are also showing growth, gold and silver dipped slightly.
#Bitcoin worked out the priority version of Saturday's review and was traded in the specified range. A high price reached was 42599 on the Binance Exchange, and a low of $39250, now we are trying to return above 40K.
After such an increase, it would be good to go even lower by 38 or even 36K in order to reduce the overbought level, refuel and move on to further growth. After fixing at 42K, it will be possible to talk about targets at 50K and above.
Plan for today. If Bitcoin fails to break through the resistance and gain a foothold above 40,000-40,500, then we can return to the 38,000-37,000 levels. Leaving and fixing above 40500 will open the way to 42K. Major resistance levels are 40-42K and support at 38500-37000.
One news item. An updated draft of a controversial crypto reporting requirement clarifies that brokers "effectuate" transfers of digital assets, but stops short of explicitly excluding miners or other parties that don't provide customer transactions. The updated version of the bill now specifies that only people who provide digital asset transfers would be treated as a broker, according to a copy of the draft bill obtained by CoinDesk and later posted online. In other words, the language now does not explicitly include decentralized exchanges, but it also doesn’t explicitly exclude miners, node operators, software developers or similar parties.
“This legislative language does not redefine digital assets or cryptocurrency as a ‘security’ for tax purposes, impugn on the privacy of individual crypto holders, or force non-brokers, such as software developers and crypto miners, to comply with IRS reporting obligations. It simply clarifies that any person or entity acting as a broker by facilitating trades for clients and receiving cash, must comply with a standard information reporting obligation,” spokesperson Drew Nirenberg told CoinDesk. Source: Coindesk.
Have a splendid week ahead. #NFA.
#JackDorsey’s payment Company #Square announced a $29 billion, all-stock deal to buy #Afterpay. #Miami Set to Launch Its Own #Cryptocurrency, Reward Users in #Bitcoin
Thoughts on the Crypto market 03.08.2021
Bitcoin moved in the range of $40480-38700 during the last 24hrs. There were several unsuccessful attempts to break through resistance to 40k, at the time of writing this view the main cryptocurrency is trading around 38500, with dominance index of 46.1%. Total Crypto Market capitalization of $1.57 Billion.
The stock market has completed Monday's bid in multidirectional. Dow Jones fell by 0.28%, the S & P 500 index fell by 0.19%, the NASDAQ index went up by 0.06%. Volatility index grew by 6.69% to 19.46, the dollar index dropped to 0.10% to 92.095. Asia is also trading in multidirectional.
Bitcoin yesterday tried to fix over 40k a few times, but did not come to success and began to decline, to a low of $38512 on #Binance Exchange. Altcoins are confident enough, some of the tops continue to show growth even with a bit of a fall. Yesterday we talked about how it is desirable to go to 38-36k to gain strength, so everything goes according to plan.
Analysis for today. Bitcoin in the range of 36000-40000, if we leave above, the following resistance is near the level 41200 and 42000. Below 36k will return us to 35-34K, but most likely do not go lower than 36k and it will be an alternative option.
Payment company Square Chapter Twitter Jack will acquire Australian Financial Company Afterpay for $ 29 billion. This will allow the company to implement the service "Buy now, paying Later" (BNPL) and compete with such top companies on payment ecosystems such as PayPal and MasterCard. The news comes amid Square announcing notable second-quarter earnings, reporting 200% growth in Bitcoin (BTC) revenue. Square’s Bitcoin services generated $55 million in gross profit, increasing 223% year-on-year, while Cash App generated a gross profit of $546 million, surging 94%. Source: Cointelegraph.
Miami’s own cryptocurrency, MiamiCoin, will launch tomorrow. The cryptocurrency will essentially allow people to invest in Miami by buying the coin. the MiamiCoin project is experimental and it is not known whether it will in fact generate revenue for the city. Miami’s crypto-friendly mayor, Francis Suarez, has said he wants to make Miami the go-to hub for tech and crypto startups and has even invited Chinese Bitcoin miners to the Florida city. He called Miami the “Bitcoin capital of the world” after the city in June hosted Bitcoin 2021, a two-day Bitcoin conference. Source; Decrypt.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Thoughts on the Crypto market 03.08.2021
Bitcoin moved in the range of $40480-38700 during the last 24hrs. There were several unsuccessful attempts to break through resistance to 40k, at the time of writing this view the main cryptocurrency is trading around 38500, with dominance index of 46.1%. Total Crypto Market capitalization of $1.57 Billion.
The stock market has completed Monday's bid in multidirectional. Dow Jones fell by 0.28%, the S & P 500 index fell by 0.19%, the NASDAQ index went up by 0.06%. Volatility index grew by 6.69% to 19.46, the dollar index dropped to 0.10% to 92.095. Asia is also trading in multidirectional.
Bitcoin yesterday tried to fix over 40k a few times, but did not come to success and began to decline, to a low of $38512 on #Binance Exchange. Altcoins are confident enough, some of the tops continue to show growth even with a bit of a fall. Yesterday we talked about how it is desirable to go to 38-36k to gain strength, so everything goes according to plan.
Analysis for today. Bitcoin in the range of 36000-40000, if we leave above, the following resistance is near the level 41200 and 42000. Below 36k will return us to 35-34K, but most likely do not go lower than 36k and it will be an alternative option.
Payment company Square Chapter Twitter Jack will acquire Australian Financial Company Afterpay for $ 29 billion. This will allow the company to implement the service "Buy now, paying Later" (BNPL) and compete with such top companies on payment ecosystems such as PayPal and MasterCard. The news comes amid Square announcing notable second-quarter earnings, reporting 200% growth in Bitcoin (BTC) revenue. Square’s Bitcoin services generated $55 million in gross profit, increasing 223% year-on-year, while Cash App generated a gross profit of $546 million, surging 94%. Source: Cointelegraph.
Miami’s own cryptocurrency, MiamiCoin, will launch tomorrow. The cryptocurrency will essentially allow people to invest in Miami by buying the coin. the MiamiCoin project is experimental and it is not known whether it will in fact generate revenue for the city. Miami’s crypto-friendly mayor, Francis Suarez, has said he wants to make Miami the go-to hub for tech and crypto startups and has even invited Chinese Bitcoin miners to the Florida city. He called Miami the “Bitcoin capital of the world” after the city in June hosted Bitcoin 2021, a two-day Bitcoin conference. Source; Decrypt.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
46% of German Funds Interested in Bitcoin as #Google #Crypto ads new policy goes into effect Today.
Crypto Market Thoughts 4.08.2021
#Bitcoin moved in the range of 39780-37640 during the day. Tried several times to gain a foothold at 39K, but so far there has been no result. At the time of writing this review, #Bitcoin is trading at around 37,900 with a dominance index 45.8% Total Crypto Market capitalization of $1.57 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.80%, the S&P 500 rose 0.82%, and the NASDAQ rose 0.55%. Gold, silver and oil fell in price. The dollar index rose 0.02% to 92.088.
Nothing interesting happened on the crypto market yesterday, #Bitcoin moved in the specified range,with a low of $37642 (Binance).
Yesterday, Google lifted the ban on cryptocurrency advertising, which was introduced back in March 2018. Starting from August 3, cryptocurrency exchanges and companies can place their ads in the search engine and the Google partner network, and this is a new millionth audience, since the exchanges and services themselves will invest in the promotion and popularization of cryptocurrencies.
Plan for today. Bitcoin is in the range of 36,000-40,000, an alternative option is going below 36,000, in which case we can go to 35K.
Under Google’s new policy that goes into effect today August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Back in 3 June we shared about this(https://t.me/decryptedge/556 ) The multinational giant banned crypto and Initial Coin Offering (ICO) related advertisements back in June 2018, and the updated policy allows regulated crypto entities to market their services once again. ICOs have been left out in the cold, however. Google’s crypto ad policy revision was first outlined in June and stipulates that “advertisers offering cryptocurrency exchanges and wallets” targeting U.S. consumers are allowed to advertise their services and products if they meet specific requirements. Source: Cointelegraph.
Lasly, 46% of funds in the German speaking region of Austria, Germany and Switzerland (DACH region) are interested in cryptos like bitcoin and eth according to a survey of 70+ investment funds. The survey found that 88% of German funds are not invested in bitcoin with just 4% invested in crypto while 8% are not sure.
It further revealed that 6.6% are in late stage planning and will be investing this year, something that would more than double the German speaking crypto holding funds. trustnodes.com/
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Crypto Market Thoughts 4.08.2021
#Bitcoin moved in the range of 39780-37640 during the day. Tried several times to gain a foothold at 39K, but so far there has been no result. At the time of writing this review, #Bitcoin is trading at around 37,900 with a dominance index 45.8% Total Crypto Market capitalization of $1.57 Trillion.
The stock market ended Tuesday trading with growth. The Dow Jones climbed 0.80%, the S&P 500 rose 0.82%, and the NASDAQ rose 0.55%. Gold, silver and oil fell in price. The dollar index rose 0.02% to 92.088.
Nothing interesting happened on the crypto market yesterday, #Bitcoin moved in the specified range,with a low of $37642 (Binance).
Yesterday, Google lifted the ban on cryptocurrency advertising, which was introduced back in March 2018. Starting from August 3, cryptocurrency exchanges and companies can place their ads in the search engine and the Google partner network, and this is a new millionth audience, since the exchanges and services themselves will invest in the promotion and popularization of cryptocurrencies.
Plan for today. Bitcoin is in the range of 36,000-40,000, an alternative option is going below 36,000, in which case we can go to 35K.
Under Google’s new policy that goes into effect today August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Back in 3 June we shared about this(https://t.me/decryptedge/556 ) The multinational giant banned crypto and Initial Coin Offering (ICO) related advertisements back in June 2018, and the updated policy allows regulated crypto entities to market their services once again. ICOs have been left out in the cold, however. Google’s crypto ad policy revision was first outlined in June and stipulates that “advertisers offering cryptocurrency exchanges and wallets” targeting U.S. consumers are allowed to advertise their services and products if they meet specific requirements. Source: Cointelegraph.
Lasly, 46% of funds in the German speaking region of Austria, Germany and Switzerland (DACH region) are interested in cryptos like bitcoin and eth according to a survey of 70+ investment funds. The survey found that 88% of German funds are not invested in bitcoin with just 4% invested in crypto while 8% are not sure.
It further revealed that 6.6% are in late stage planning and will be investing this year, something that would more than double the German speaking crypto holding funds. trustnodes.com/
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Telegram
KryptoEdge
Search Giant Google Lifts 2018 Ban on Crypto Exchange, Wallet Advertisements. Thoughts on the market 03.06.2021
Bitcoin, yesterday moved in the range of 36000-38000 during the day. An attempt to gain a foothold above 38K last night did not lead to success…
Bitcoin, yesterday moved in the range of 36000-38000 during the day. An attempt to gain a foothold above 38K last night did not lead to success…
It's all about #Payments: 60% of US Consumers Want To Buy Stuff With #Crypto. #Uruguayan Lawmaker Proposes Bill to Allow #Crypto to be Used for Payments. & #Binance Pay Bringing Crypto Payments to #Shopify,
Crypto Market Thoughts on 5.08.2021
#Bitcoin moved in the range of $39900-37500 during the last 24hrs. There was even one attempt to break through the 40K resistance, but it failed. At the time of this writing, #Bitcoin is trading at around $39,400 with a dominance index of 45.5%. Total Crypto Market capitalization is at $1.6 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones fell 0.92%, the S&P 500 lost 0.46%, and the NASDAQ rose 0.13%. Gold and silver added a little. Brent crude for October delivery fell 3.00% to trade at 70.24 a barrel. The dollar index rose 0.20% to 92.273.
Everything is good on the crypto market, Bitcoin worked out the priority version of yesterday's forecast and moved in the specified range. Bitcoin returned above 39K and even tried to break through the 40K resistance, but before reaching a few points it retreated, but did not fall below 39K, which means that today we will try 40K for strength again. SEC head Gary Gensler brought positive to the market, saying that bitcoin has very good prospects for further development. I think the right people have already bought and soon we will hear even more positives.
The London fork of Ethereum kicks off this afternoon, if everything goes according to plan, we will see new highs very soon.
Plan for today. Bitcoin is in the range of $37000-41000, an alternative option is going below 37000, in which case we can go again for a short while at 36K.
Interesting: A senator from Uruguay has introduced a bill to allow businesses to accept cryptocurrencies as payments and regulate their use within the South American country. The bill, which was presented on Tuesday by Sen. Juan Sartori, seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. Source: Yahoo Finance.
A new study found that 60% of US investors are willing to pay with cryptocurrency. The individuals who buy and hold cryptocurrency, and even those who don’t, agree on one thing: They think digital currencies should be able to be used to make everyday purchases, despite the fact that many obstacles to mainstream status still exist. The new Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum as a Payment Option, a PYMNTS and BitPay collaboration, analyzes a census-balanced survey of 8,008 U.S. consumers who were current and former cryptocurrency owners and cryptocurrency non-owners. “Holders and non-holders are interested in cryptocurrency payments because of the possible enhanced privacy and security features over traditional credit card- or bank account-based payments.”Source: pymnts.com Report Available on request. .
Lastly, and on the same..payments, #Binance will allow its users to make crypto payments on e-commerce platform #Shopify and other networks thanks to a new partnership with Alchemy Pay. The exchange is to build a payment bridge with crypto-fiat gateway Alchemy Pay allowing Binance Pay users to send and receive payments in over 40 supported cryptocurrencies, the companies announced Tuesday. Source:coindesk.com
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Crypto Market Thoughts on 5.08.2021
#Bitcoin moved in the range of $39900-37500 during the last 24hrs. There was even one attempt to break through the 40K resistance, but it failed. At the time of this writing, #Bitcoin is trading at around $39,400 with a dominance index of 45.5%. Total Crypto Market capitalization is at $1.6 Trillion.
The stock market finished trading on Wednesday in different directions. The Dow Jones fell 0.92%, the S&P 500 lost 0.46%, and the NASDAQ rose 0.13%. Gold and silver added a little. Brent crude for October delivery fell 3.00% to trade at 70.24 a barrel. The dollar index rose 0.20% to 92.273.
Everything is good on the crypto market, Bitcoin worked out the priority version of yesterday's forecast and moved in the specified range. Bitcoin returned above 39K and even tried to break through the 40K resistance, but before reaching a few points it retreated, but did not fall below 39K, which means that today we will try 40K for strength again. SEC head Gary Gensler brought positive to the market, saying that bitcoin has very good prospects for further development. I think the right people have already bought and soon we will hear even more positives.
The London fork of Ethereum kicks off this afternoon, if everything goes according to plan, we will see new highs very soon.
Plan for today. Bitcoin is in the range of $37000-41000, an alternative option is going below 37000, in which case we can go again for a short while at 36K.
Interesting: A senator from Uruguay has introduced a bill to allow businesses to accept cryptocurrencies as payments and regulate their use within the South American country. The bill, which was presented on Tuesday by Sen. Juan Sartori, seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. Source: Yahoo Finance.
A new study found that 60% of US investors are willing to pay with cryptocurrency. The individuals who buy and hold cryptocurrency, and even those who don’t, agree on one thing: They think digital currencies should be able to be used to make everyday purchases, despite the fact that many obstacles to mainstream status still exist. The new Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum as a Payment Option, a PYMNTS and BitPay collaboration, analyzes a census-balanced survey of 8,008 U.S. consumers who were current and former cryptocurrency owners and cryptocurrency non-owners. “Holders and non-holders are interested in cryptocurrency payments because of the possible enhanced privacy and security features over traditional credit card- or bank account-based payments.”Source: pymnts.com Report Available on request. .
Lastly, and on the same..payments, #Binance will allow its users to make crypto payments on e-commerce platform #Shopify and other networks thanks to a new partnership with Alchemy Pay. The exchange is to build a payment bridge with crypto-fiat gateway Alchemy Pay allowing Binance Pay users to send and receive payments in over 40 supported cryptocurrencies, the companies announced Tuesday. Source:coindesk.com
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
#Coinbase users can now buy #Crypto with #Apple Pay, as #Xiaomi Starts Accepting Bitcoin, Ethereum and Other Cryptocurrencies in Portugal
Crypto Market Thoughts on 06.08. 2021
#Bitcoin moved in the range of $41350-37330 during the last 24hrs. The correction to 37K was quickly redeemed and Bitcoin moved to growth, at the time of writing the review, Bitcoin is trading around $40,470 with a dominance index of 45.7%. Total Crypto Market capitalization is at $1.64 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.78%, the S&P 500 rose 0.60%, and the NASDAQ rose 0.78%. Gold and silver dipped slightly, oil continued to rise. The dollar index remained at the same level at 92.273.
There are some positives on the crypto market, Bitcoin clearly worked out the priority version of our analysis and moved in the specified range. It overcame the resistance at 41K, but he did not have enough strength to stay above this level and we dropped to 40K, which we are trying to hold now.
The London hard fork took place on the Ethereum mainnet at block 12965000 and it was the main event of the day. Upon activation, the asset price rose above 2800 and updated local highs of 2844 on #Binance. The main London upgrade involves the burning of a part of transaction fees, which depends on the network load, and since activation, network members have already burned more than 3,500 ETH, which will push the price to new highs in the future.
The priority option for today is the movement of the main cryptocurrency in the range of 38000-42000. The main support levels are 39500-38500. An alternative option is to go below 38,000. A good altcoin to check out is #Chainlink, its set up is good for a rally.
To some positive news, financial giant JPMorgan has launched a Bitcoin fund for high net worth clients. Let me remind you that this is the fund that, led by Jamie Dimon, called Bitcoin a bubble and even frightened employees with dismissal for trading in the crypto market. So they changed their shoes, it turns out that the loot won out the principles, or did the brain take over and understand the prospects.
Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.
Source. Cointelegraph.
Lastly #Xiaomi starts accepting bitcoin, ether and other cryptocurrencies in Portugal. While Amazon recently shut down rumors about accepting cryptocurrencies, Xiaomi picked up the slack.
Mi Store Portugal, the official retailer of the Chinese tech behemoth, recently moved to enable cryptocurrency payments.
It is now possible to buy smartphones, vacuum cleaners, smartwatches, electric scooters and other Xiaomi devices with Bitcoin, Ethereum, Tether and Dash.
In order to add support for digital assets, Xiaomi has partnered with Swiss cryptocurrency payment service provider Utrust, whose native token is also accepted by Mi Store Portugal. Source: Utoday.
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Crypto Market Thoughts on 06.08. 2021
#Bitcoin moved in the range of $41350-37330 during the last 24hrs. The correction to 37K was quickly redeemed and Bitcoin moved to growth, at the time of writing the review, Bitcoin is trading around $40,470 with a dominance index of 45.7%. Total Crypto Market capitalization is at $1.64 Trillion.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.78%, the S&P 500 rose 0.60%, and the NASDAQ rose 0.78%. Gold and silver dipped slightly, oil continued to rise. The dollar index remained at the same level at 92.273.
There are some positives on the crypto market, Bitcoin clearly worked out the priority version of our analysis and moved in the specified range. It overcame the resistance at 41K, but he did not have enough strength to stay above this level and we dropped to 40K, which we are trying to hold now.
The London hard fork took place on the Ethereum mainnet at block 12965000 and it was the main event of the day. Upon activation, the asset price rose above 2800 and updated local highs of 2844 on #Binance. The main London upgrade involves the burning of a part of transaction fees, which depends on the network load, and since activation, network members have already burned more than 3,500 ETH, which will push the price to new highs in the future.
The priority option for today is the movement of the main cryptocurrency in the range of 38000-42000. The main support levels are 39500-38500. An alternative option is to go below 38,000. A good altcoin to check out is #Chainlink, its set up is good for a rally.
To some positive news, financial giant JPMorgan has launched a Bitcoin fund for high net worth clients. Let me remind you that this is the fund that, led by Jamie Dimon, called Bitcoin a bubble and even frightened employees with dismissal for trading in the crypto market. So they changed their shoes, it turns out that the loot won out the principles, or did the brain take over and understand the prospects.
Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.
Source. Cointelegraph.
Lastly #Xiaomi starts accepting bitcoin, ether and other cryptocurrencies in Portugal. While Amazon recently shut down rumors about accepting cryptocurrencies, Xiaomi picked up the slack.
Mi Store Portugal, the official retailer of the Chinese tech behemoth, recently moved to enable cryptocurrency payments.
It is now possible to buy smartphones, vacuum cleaners, smartwatches, electric scooters and other Xiaomi devices with Bitcoin, Ethereum, Tether and Dash.
In order to add support for digital assets, Xiaomi has partnered with Swiss cryptocurrency payment service provider Utrust, whose native token is also accepted by Mi Store Portugal. Source: Utoday.
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
Today we talk about..Understanding Different Types of Cryptocurrency.. We shall also look at the Three Main Types of Cryptocurrency
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/88904942862...
Meeting ID: 889 0494 2862
Passcode: BITCOIN101
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/88904942862...
Meeting ID: 889 0494 2862
Passcode: BITCOIN101