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
#Singapore to License #Digital #Payment Providers, Approves #Crypto Exchange as Brian Brooks Quits as #CEO of #Crypto Exchange #Binance.US Crypto Market Thoughts 09.08. 2021
#Bitcoin had a pretty tumultuous weekend. On Saturday, it traded around 42K, yesterday it was above 45K reaching a high of 45310, a few hours ago it fell to 42K, and at the time of writing the review it is trading around 43600 with a dominance index of 46.4%. Total Crypto Market capitalization is at $1.76 Trillion.
Stock markets opened in different directions. At the moment, S&P 500 futures are down 0.17%, Asian indices are showing gains, gold and silver are falling.
Bitcoin met all expectations and not only stayed in the 38-42K range, but also consolidated above 43K and once again updated highs of 45310 on the Binance Exchange. Market capitalization reached $1.85 Trillion and I think that in the next couple of weeks we will again return above 2 trillion. All TOP altcoins followed Bitcoin, #ethereum reached a high of $3187, then rolled back to 2900 and is now trying to return above 3000 again. Good to note. XVG has a good set up for the month.
The high dollar index is also pressing on the rate of the main cryptocurrency, and as soon as it starts to fall to 91-90, we will see very rapid growth and new highs. Therefore, I leave my Bitcoin numbers for the month of August at 50K and higher unchanged. But please remember, the Crypto Market is in the bearish cycle as long as BTC didn't close above $65K weekly! As long as BTC is below $65K weekly we will see BTC dip again, during that, we keep trade with movement as we always do.
The priority option for today is bitcoin movement in the range of 42000-46000. Major support levels are 43-42K. An alternative option is to go below 42K, which will bring us back to the 41-40K levels.
Singapore licenses digital payment providers and approves cryptocurrency exchanges. The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Source: @Bitcoin.com
Brian Brooks announced Friday that he is stepping down - citing disagreements over strategic direction. We spoke and shared here back in April(https://t.me/decryptedge/457 ). Brian Brooks, a former top U.S. banking regulator, resigned as chief executive of cryptocurrency exchange Binance.US, just three months after taking the job. Mr. Brooks announced his departure on Twitter, posting: “Letting you all know that I have resigned as CEO of Binance.US. Despite differences over strategic direction, I wish my former colleagues much success.” Through a spokesman, Mr. Brooks declined to comment beyond his post. Source: @wsj.com
As always wishing you a blessed week ahead, remember, you must always do your own #research. This is not traditional investment or financial advice. #Decryptedge, #markets
#Bitcoin had a pretty tumultuous weekend. On Saturday, it traded around 42K, yesterday it was above 45K reaching a high of 45310, a few hours ago it fell to 42K, and at the time of writing the review it is trading around 43600 with a dominance index of 46.4%. Total Crypto Market capitalization is at $1.76 Trillion.
Stock markets opened in different directions. At the moment, S&P 500 futures are down 0.17%, Asian indices are showing gains, gold and silver are falling.
Bitcoin met all expectations and not only stayed in the 38-42K range, but also consolidated above 43K and once again updated highs of 45310 on the Binance Exchange. Market capitalization reached $1.85 Trillion and I think that in the next couple of weeks we will again return above 2 trillion. All TOP altcoins followed Bitcoin, #ethereum reached a high of $3187, then rolled back to 2900 and is now trying to return above 3000 again. Good to note. XVG has a good set up for the month.
The high dollar index is also pressing on the rate of the main cryptocurrency, and as soon as it starts to fall to 91-90, we will see very rapid growth and new highs. Therefore, I leave my Bitcoin numbers for the month of August at 50K and higher unchanged. But please remember, the Crypto Market is in the bearish cycle as long as BTC didn't close above $65K weekly! As long as BTC is below $65K weekly we will see BTC dip again, during that, we keep trade with movement as we always do.
The priority option for today is bitcoin movement in the range of 42000-46000. Major support levels are 43-42K. An alternative option is to go below 42K, which will bring us back to the 41-40K levels.
Singapore licenses digital payment providers and approves cryptocurrency exchanges. The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Source: @Bitcoin.com
Brian Brooks announced Friday that he is stepping down - citing disagreements over strategic direction. We spoke and shared here back in April(https://t.me/decryptedge/457 ). Brian Brooks, a former top U.S. banking regulator, resigned as chief executive of cryptocurrency exchange Binance.US, just three months after taking the job. Mr. Brooks announced his departure on Twitter, posting: “Letting you all know that I have resigned as CEO of Binance.US. Despite differences over strategic direction, I wish my former colleagues much success.” Through a spokesman, Mr. Brooks declined to comment beyond his post. Source: @wsj.com
As always wishing you a blessed week ahead, remember, you must always do your own #research. This is not traditional investment or financial advice. #Decryptedge, #markets
Telegram
KryptoEdge
Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator. Thoughts on the market on 21.04.2021.
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Israel’s #Mossad #intelligence agency is seeking to #hire a #crypto expert, as Former #SEC Director Brett Redfearn leaves #Coinbase after four months.
#Cryptomarket Thoughts on 10.08. 2021
#Bitcoin during the last 24hrs moved in the 42780-46450 range, corrections below 45K were quickly redeemed. At the time of this writing, Bitcoin is trading at 45,500, with a dominance index of 46.5%. Total Crypto Market capitalization stands at $1.844 Trillion.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.30%, the S&P 500 fell 0.09%, and the NASDAQ rose 0.16%. Gold Futures for December delivery was down 1.80% to $ 1,731.35 a troy ounce. The dollar index rose 0.20% to 92.983.
On the #cryptomarket, the priority version of yesterday's review worked out. Moreover, the plan was even overfilled and Bitcoin reached highs of 46,700. #Altcoins followed the main cryptocurrency, registering a growth average of 10-15%, for some assets much more. Everything goes according to plan.
On a good note, yesterday the price of #gold plummeted to its lowest level since March, below $ 1,700 an ounce, while Bitcoin at that time showed local highs, which indicates the choice of investors in favor of digital gold.
Expectation and probabilities for today, the priority option is Bitcoin movement in the range of 44000-48000, if there is no FUD(Fear, Uncertainty and Doubt). An alternative option is to go below 44,000, which will bring us back to the 44,000 level. Please be aware bitcoin got close from the reversal zone and another sell-off to $32/29/24K is expected as long as BTC did not close above $55 Daily $65K weekly!
To some news, Israeli intelligence agency Mossad is looking for a cryptocurrency specialist. The candidate should have “in-depth technological understanding and expertise in the world of fintech, e-commerce, DEF and digital currencies,” according to the outlined requirements. The role’s description succinctly indicates that it includes “leading, initiating, planning and accompanying systems development activities” — sufficiently open for local media to proffer its own interpretation of what exactly Mossad may be seeking a crypto expert for. Major Israeli news site Ynet, for example, has claimed that Mossad is likely to be interested in using cryptocurrencies for making anonymous payments to its agents or for the purchase of equipment. Source: @Cointelegraph. We also shared yesterday on the linked post on @Binance looking to a Central Community Manager
For the asian region. jobs.lever.co/binance/ddefb946-6f03-4bec-8e3e-dcc5329a62ec
Former SEC director Brett Redfern leaves #Coinbase in four months. Redfearn left the firm after the exchange decided it would "shift its priorities away from digital-asset securities." A Coinbase spokesman said that the exchange is instead prioritizing decentralized finance. "We appreciate his contributions and wish him the best in his future endeavors," a spokesman told The Block in an emailed statement. Redfearn spent 3 years at the SEC between 2017 and 2020, leading the division that oversaw brokers and exchanges. Prior to joining the SEC, Redfearn held senior trading posts at JPMorgan and Bear Stearns. Source. @theblockcrypto.com
So goes the old saying or is it a quote: “The secret of change is to focus all of your energy not on fighting the old, but on building the new!” – Socrates
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.
#Cryptomarket Thoughts on 10.08. 2021
#Bitcoin during the last 24hrs moved in the 42780-46450 range, corrections below 45K were quickly redeemed. At the time of this writing, Bitcoin is trading at 45,500, with a dominance index of 46.5%. Total Crypto Market capitalization stands at $1.844 Trillion.
Equity markets finished trading on Monday in different directions. The Dow Jones fell 0.30%, the S&P 500 fell 0.09%, and the NASDAQ rose 0.16%. Gold Futures for December delivery was down 1.80% to $ 1,731.35 a troy ounce. The dollar index rose 0.20% to 92.983.
On the #cryptomarket, the priority version of yesterday's review worked out. Moreover, the plan was even overfilled and Bitcoin reached highs of 46,700. #Altcoins followed the main cryptocurrency, registering a growth average of 10-15%, for some assets much more. Everything goes according to plan.
On a good note, yesterday the price of #gold plummeted to its lowest level since March, below $ 1,700 an ounce, while Bitcoin at that time showed local highs, which indicates the choice of investors in favor of digital gold.
Expectation and probabilities for today, the priority option is Bitcoin movement in the range of 44000-48000, if there is no FUD(Fear, Uncertainty and Doubt). An alternative option is to go below 44,000, which will bring us back to the 44,000 level. Please be aware bitcoin got close from the reversal zone and another sell-off to $32/29/24K is expected as long as BTC did not close above $55 Daily $65K weekly!
To some news, Israeli intelligence agency Mossad is looking for a cryptocurrency specialist. The candidate should have “in-depth technological understanding and expertise in the world of fintech, e-commerce, DEF and digital currencies,” according to the outlined requirements. The role’s description succinctly indicates that it includes “leading, initiating, planning and accompanying systems development activities” — sufficiently open for local media to proffer its own interpretation of what exactly Mossad may be seeking a crypto expert for. Major Israeli news site Ynet, for example, has claimed that Mossad is likely to be interested in using cryptocurrencies for making anonymous payments to its agents or for the purchase of equipment. Source: @Cointelegraph. We also shared yesterday on the linked post on @Binance looking to a Central Community Manager
For the asian region. jobs.lever.co/binance/ddefb946-6f03-4bec-8e3e-dcc5329a62ec
Former SEC director Brett Redfern leaves #Coinbase in four months. Redfearn left the firm after the exchange decided it would "shift its priorities away from digital-asset securities." A Coinbase spokesman said that the exchange is instead prioritizing decentralized finance. "We appreciate his contributions and wish him the best in his future endeavors," a spokesman told The Block in an emailed statement. Redfearn spent 3 years at the SEC between 2017 and 2020, leading the division that oversaw brokers and exchanges. Prior to joining the SEC, Redfearn held senior trading posts at JPMorgan and Bear Stearns. Source. @theblockcrypto.com
So goes the old saying or is it a quote: “The secret of change is to focus all of your energy not on fighting the old, but on building the new!” – Socrates
Great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. Blessed day ahead. #Decryptedge.