#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
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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.
US Senate Rejects Change To New Crypto Tax Rules In $1.2 Trillion Infrastructure Bill Despite Lawmaker, Billionaire Pushback. Closing The #Crypto “#Tax #Gap”
Crypto Market Thoughts 11.08.2021.
During the last 24hrs, Bitcoin moved within the range of 44600-46700, the 44K correction was quickly redeemed and Bitcoin bounced back. At the time of this writing, #Bitcoin is trading at 45,700 with a dominance index of 45.5%. Total Crypto Market capitalization of $1.884 Trillion.
Equity markets closed with growth on Tuesday. The Dow Jones rose 0.46%, hitting an all-time high, the S&P 500 climbed 0.10%, and the NASDAQ fell 0.49%. The dollar index rose 0.15% to 93.082. Oil and gold also rose in price.
On the cryptomarket, the priority version of yesterday's review worked out, although it did not reach 48K, but it did not fall below 44K either. The local high was set at 46171 and the low at 44589 on the Binance Exchange.
Yesterday there was some negative news to which the market reacted with a slight drop.
First, Unknown hackers hacked the Poly Network Internet Protocol and withdrew more than $ 611 million in various cryptocurrencies. This hack can be considered the largest in the history of cryptocurrencies. It is not the last major one yet, still more ahead to happen.
Secondly, the US Senate passed a $ 1.2 trillion infrastructure bill without amendments to tax cryptocurrencies. The problem is that this law contains an expanded definition of the concept of "broker" and now miners, wallet developers, and liquidity providers can be required to report to the Tax Service on the activities of their users. We spoke about it here(https://t.me/decryptedge/668)
I do not attach any importance to this law at all and I believe in the short term it will not be able to exert global pressure on the market. Reasons, first, the requirements of the bill in this form are technically infeasible, because the miner(s)cannot provide any kind of reporting on clients and collect their data, such as names, addresses and phone numbers. Secondly, the crypto market is already quite strong and it will adjust as in the situation with Chinese miners. Thirdly, there is also the lower house of the American Congress where the necessary amendment can be introduced. I will share later on how cryptocurrency fits into this Infrastructure Bill.
Image and title credit @Forbes.
Plan for today. If Bitcoin does not return above the resistance level of 46K, then this may give rise to a new sell off. The main support is now at 44K, if we break it, then we can go back to 43-42K. Leaving and consolidation above 46K will provide opportunities for new growth at 47-48K.
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.
Crypto Market Thoughts 11.08.2021.
During the last 24hrs, Bitcoin moved within the range of 44600-46700, the 44K correction was quickly redeemed and Bitcoin bounced back. At the time of this writing, #Bitcoin is trading at 45,700 with a dominance index of 45.5%. Total Crypto Market capitalization of $1.884 Trillion.
Equity markets closed with growth on Tuesday. The Dow Jones rose 0.46%, hitting an all-time high, the S&P 500 climbed 0.10%, and the NASDAQ fell 0.49%. The dollar index rose 0.15% to 93.082. Oil and gold also rose in price.
On the cryptomarket, the priority version of yesterday's review worked out, although it did not reach 48K, but it did not fall below 44K either. The local high was set at 46171 and the low at 44589 on the Binance Exchange.
Yesterday there was some negative news to which the market reacted with a slight drop.
First, Unknown hackers hacked the Poly Network Internet Protocol and withdrew more than $ 611 million in various cryptocurrencies. This hack can be considered the largest in the history of cryptocurrencies. It is not the last major one yet, still more ahead to happen.
Secondly, the US Senate passed a $ 1.2 trillion infrastructure bill without amendments to tax cryptocurrencies. The problem is that this law contains an expanded definition of the concept of "broker" and now miners, wallet developers, and liquidity providers can be required to report to the Tax Service on the activities of their users. We spoke about it here(https://t.me/decryptedge/668)
I do not attach any importance to this law at all and I believe in the short term it will not be able to exert global pressure on the market. Reasons, first, the requirements of the bill in this form are technically infeasible, because the miner(s)cannot provide any kind of reporting on clients and collect their data, such as names, addresses and phone numbers. Secondly, the crypto market is already quite strong and it will adjust as in the situation with Chinese miners. Thirdly, there is also the lower house of the American Congress where the necessary amendment can be introduced. I will share later on how cryptocurrency fits into this Infrastructure Bill.
Image and title credit @Forbes.
Plan for today. If Bitcoin does not return above the resistance level of 46K, then this may give rise to a new sell off. The main support is now at 44K, if we break it, then we can go back to 43-42K. Leaving and consolidation above 46K will provide opportunities for new growth at 47-48K.
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.
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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…
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…
#Digital #Insurer #Metromile Follows Through with $1M #Bitcoin Purchase as #SharkTank’s Kevin O'Leary Buys More #Crypto, Gets Paid in Crypto, Partners With #FTX Exchange Signing a Multi-Year Deal to Become #Ambassador & Spokesperson.
Thoughts on the #Cryptomarket 12.08.2021
During the last 24hrs, #Bitcoin has moved within the range of 45300-46700, corrections to 45K were quickly redeemed. At the time of this writing, #Bitcoin is trading at 45400, with a dominance index of 44.8%. Total Crypto Market capitalization is at $1.9 Trillion.
Everything is good on the crypto market. Bitcoin was able to stay above 45K and went further, to a high price of 46743 on the Binance exchange. Market capitalization has returned above 1.9 trillion, and the fear of greed index is already at around 70.
Even with FUD from hackers and the infrastructure bill that was talked about yesterday, the market continues to grow. Good to note, the hacker has already returned the stolen goods back and says that he does not need the money, but just wanted to go down in history, but most likely that he left his tail somewhere and is now trying to avoid prosecution and a criminal case.
Senator Shelby, who has blocked amendments to the infrastructure bill, is already backing up and says he is not against the amendments and supports all changes. Most likely, the senator was explained clearly to the consequences that await him if he does not change his mind.
Plan for today. If Bitcoin does not return above the resistance level of 46200-46500, then we can again go to 44-43K for refueling, leaving and fixing above 46K will provide an opportunity for growth by 47-48K.
To some news, San Francisco-based digital #insurance company Metromile has invested $ 1 million in Bitcoin. In May,(https://lnkd.in/dcy3uMSa) the company said it intended to allocate $ 10 million for #bitcoin in the second quarter of 2021 to even accepting it for insurance premium and claim payments. Source Bitcoin.com
Lastly Kevin O'Leary buys more crypto, gets paid in crypto, partners with #FTX Exchange. FYI, Back in 3rd March 2020, he reversed his stance on #Bitcoin, said crypto is here to stay, and he invests 3% of his #portfolio. Having previously called the cryptocurrency “garbage,” He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its #ambassador and spokesperson. He will be paid in crypto for his services. He has done more than increasing his cryptocurrency allocation. He tweeted Tuesday: Finally solved my compliance problems with cryptocurrencies. I’m going to use #FTX to increase my allocation and use the platform to manage my portfolios. Source Bitcoin.com
Such a positive validation from him, more will follow suit soon.
As always wishing you a blessed afternoon ahead. Remember to do your own research. This is not traditional investment or financial advice. #decryptedge #blockchain #sharkweek2021 #ethereum
Thoughts on the #Cryptomarket 12.08.2021
During the last 24hrs, #Bitcoin has moved within the range of 45300-46700, corrections to 45K were quickly redeemed. At the time of this writing, #Bitcoin is trading at 45400, with a dominance index of 44.8%. Total Crypto Market capitalization is at $1.9 Trillion.
Everything is good on the crypto market. Bitcoin was able to stay above 45K and went further, to a high price of 46743 on the Binance exchange. Market capitalization has returned above 1.9 trillion, and the fear of greed index is already at around 70.
Even with FUD from hackers and the infrastructure bill that was talked about yesterday, the market continues to grow. Good to note, the hacker has already returned the stolen goods back and says that he does not need the money, but just wanted to go down in history, but most likely that he left his tail somewhere and is now trying to avoid prosecution and a criminal case.
Senator Shelby, who has blocked amendments to the infrastructure bill, is already backing up and says he is not against the amendments and supports all changes. Most likely, the senator was explained clearly to the consequences that await him if he does not change his mind.
Plan for today. If Bitcoin does not return above the resistance level of 46200-46500, then we can again go to 44-43K for refueling, leaving and fixing above 46K will provide an opportunity for growth by 47-48K.
To some news, San Francisco-based digital #insurance company Metromile has invested $ 1 million in Bitcoin. In May,(https://lnkd.in/dcy3uMSa) the company said it intended to allocate $ 10 million for #bitcoin in the second quarter of 2021 to even accepting it for insurance premium and claim payments. Source Bitcoin.com
Lastly Kevin O'Leary buys more crypto, gets paid in crypto, partners with #FTX Exchange. FYI, Back in 3rd March 2020, he reversed his stance on #Bitcoin, said crypto is here to stay, and he invests 3% of his #portfolio. Having previously called the cryptocurrency “garbage,” He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its #ambassador and spokesperson. He will be paid in crypto for his services. He has done more than increasing his cryptocurrency allocation. He tweeted Tuesday: Finally solved my compliance problems with cryptocurrencies. I’m going to use #FTX to increase my allocation and use the platform to manage my portfolios. Source Bitcoin.com
Such a positive validation from him, more will follow suit soon.
As always wishing you a blessed afternoon ahead. Remember to do your own research. This is not traditional investment or financial advice. #decryptedge #blockchain #sharkweek2021 #ethereum
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Metromile Will Embrace Bitcoin For Insurance Premium And Claim Payments, as Coinbase Shares Plunges to All-Time Low. Thoughts on the market as of 07. 05. 2021
Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began…
Yesterday, Bitcoin tried several times to gain a foothold above 58K but did not succeed and began…
Crypto Market Thoughts on 13.08.2021.
Yesterday, Bitcoin moved in the range of 46200-43700, corrections to 43K were quickly redeemed and Bitcoin moved to growth. At the time of this writing, Bitcoin is trading at 44,421 with a dominance index of 44.8%. Total Market capitalization of $1. 89 Trillion.
Stock markets ended Thursday trading with growth. The Dow Jones climbed 0.04% to a historic high, the S&P 500 climbed 0.30%, and the NASDAQ rose 0.35%. Gold and silver added a little, oil fell to 71.19 per barrel. The dollar index rose 0.08% to 92.995.
Bitcoin could not return and gain a foothold above 46K and moved to a decline of 43770 on the Binanc Exchange. Everything was within the levels that we indicated in yesterday's review. I think we will go for a few days in the 44-46K range. There will be another upper wick from $48K/50K then whales will start a real sell-off, otherwise known as a bull trap,or dead cat bounce.
Thoughts for today, the priority option is movement in the range of 43000-46000, if there is no FUD. An alternative option is to go below 43,000, which will bring us back to the level at 42,000.
Twitter CEO Jack Dorsey stated that every social media account can be linked to a Lightning Network-enabled Bitcoin wallet. And this functionality can give a serious impetus to the adoption of Bitcoin. This conversation started when a twitter user account by the name: @seyitaylor twitted “this is one thing that feels like would benefit the eth ecosystem way more than it benefits twitter. A genesis response to Brandon Jacoby(@JacobyBrandon) who had written: Every account on Twitter should have a wallet address for storing NFTs. Users could select any NFT in their wallet to use as their avatar. Would serve as one of the biggest verified layers for showcase/distribution. Good to see which way this will unfold, all in all its positive news for the Crypto-eco system.
FYI: Jack Dorsey sold his first twit in form of an NFT for for over $2.9 million.
Remember you must always do your own research. This is not traditional investment or financial advice. Blessed weekend ahead. #Decryptedge.
Yesterday, Bitcoin moved in the range of 46200-43700, corrections to 43K were quickly redeemed and Bitcoin moved to growth. At the time of this writing, Bitcoin is trading at 44,421 with a dominance index of 44.8%. Total Market capitalization of $1. 89 Trillion.
Stock markets ended Thursday trading with growth. The Dow Jones climbed 0.04% to a historic high, the S&P 500 climbed 0.30%, and the NASDAQ rose 0.35%. Gold and silver added a little, oil fell to 71.19 per barrel. The dollar index rose 0.08% to 92.995.
Bitcoin could not return and gain a foothold above 46K and moved to a decline of 43770 on the Binanc Exchange. Everything was within the levels that we indicated in yesterday's review. I think we will go for a few days in the 44-46K range. There will be another upper wick from $48K/50K then whales will start a real sell-off, otherwise known as a bull trap,or dead cat bounce.
Thoughts for today, the priority option is movement in the range of 43000-46000, if there is no FUD. An alternative option is to go below 43,000, which will bring us back to the level at 42,000.
Twitter CEO Jack Dorsey stated that every social media account can be linked to a Lightning Network-enabled Bitcoin wallet. And this functionality can give a serious impetus to the adoption of Bitcoin. This conversation started when a twitter user account by the name: @seyitaylor twitted “this is one thing that feels like would benefit the eth ecosystem way more than it benefits twitter. A genesis response to Brandon Jacoby(@JacobyBrandon) who had written: Every account on Twitter should have a wallet address for storing NFTs. Users could select any NFT in their wallet to use as their avatar. Would serve as one of the biggest verified layers for showcase/distribution. Good to see which way this will unfold, all in all its positive news for the Crypto-eco system.
FYI: Jack Dorsey sold his first twit in form of an NFT for for over $2.9 million.
Remember you must always do your own research. This is not traditional investment or financial advice. Blessed weekend ahead. #Decryptedge.
Today on BITCOIN101 Session we talk about... - Crypto wallets and Security.
- How to safely store your Digital Assets,
- Types of Crypto Wallets,
- Risk mitigation.
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/82481593672...
Meeting ID: 824 8159 3672
Passcode: BITCOIN101
- How to safely store your Digital Assets,
- Types of Crypto Wallets,
- Risk mitigation.
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
https://us02web.zoom.us/j/82481593672...
Meeting ID: 824 8159 3672
Passcode: BITCOIN101
Computer Chip Giant Intel Owns Coinbase Shares: & Over Half of the World’s Leading Banks Have Crypto Exposure: Report. Thoughts on the market 14th August 2021
Yesterday, Bitcoin moved within the expected range of $47880-44220. Later managed to break through the resistance and gain a foothold above 47K. At the time of writing this review, Bitcoin is worth 47,500. With a total market capitalization of $2.0 Trillion and dominance index of 44.6%.
I am happy that we were able to anticipate this. (https://t.me/decryptedge/679 )
Stock markets ended Friday trading with growth. The Dow Jones rose 0.04%, hitting an all-time high, the S&P 500 rose 0.16%, and the NASDAQ climbed 0.04%. Gold Futures for December delivery was up 1.60% to 1.779.90 a troy ounce. The dollar index dropped 0.56% to 92.517.
On the cryptomarket, the priority review version worked out, bitcoin came close to the level of 48K, and set another high of 47886 on Binance. The capitalization of the entire market has risen above 2 trillion, the fear of greed index is already at around 76 and continues to grow, the news background is extremely positive.
The growth of Bitcoin pushed the rest of the market to highs, some altcoins showed an increase of 15-20%. #Cardano grew by more than 16% yesterday, which made it possible to take the third position in the ranking by market capitalization of $70 billion.
Everything goes according to plan. Large investors continue to accumulate, traders are withdrawing more and more coins to cold wallets, and the number of bitcoins stored on exchanges continues to steadily decline, all in favor of growth and new highs. Our numbers of 50-55K within the month remains a priority.
On the weekend I expect Bitcoin in the range of 46000-50000. An alternative option is Bitcoin correction below 46K, in which case we can test 45-44K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Tech giant #Intel, the world's largest semiconductor chip maker, has revealed its stake in Coinbase and bought 3,014 shares of COIN for $ 763,000 according to a quarterly report filed with the US Securities and Exchange Commission. This is another traditional tech giant who has invested in the cryptocurrency space yet again. Source ; Coindesk
Lastly, more than half of the world's 100 largest banks have investments in cryptocurrencies and blockchain projects. A report, published by Blockdata, first reported by Cointelegraph, reveals global banking giants have been increasing their involvement in the cryptocurrency space through early- and late-stage funding of projects and business in the industry. It details 55 of the top 100 banks that have exposure to the space. These financial institutions’ involvement in the cryptocurrency space reportedly encompasses direct and indirect investments made by the institutions themselves or through subsidiaries. The report names #Barclays, #Citigroup, and #GoldmanSachs is among the most active in the space, followed by #JPMorgan and #BNPParibas. Their backing is part of a larger trend that has been seeing leading firms in the cryptocurrency space raise record amounts in funding rounds. #Blockdata’s research points to cryptocurrency custody solutions being a major target for financial institutions.
With that I am wishing you a blessed week ahead, remember, you must always do your own #research. This is not traditional investment or financial advice. #Decryptedge, #markets
Yesterday, Bitcoin moved within the expected range of $47880-44220. Later managed to break through the resistance and gain a foothold above 47K. At the time of writing this review, Bitcoin is worth 47,500. With a total market capitalization of $2.0 Trillion and dominance index of 44.6%.
I am happy that we were able to anticipate this. (https://t.me/decryptedge/679 )
Stock markets ended Friday trading with growth. The Dow Jones rose 0.04%, hitting an all-time high, the S&P 500 rose 0.16%, and the NASDAQ climbed 0.04%. Gold Futures for December delivery was up 1.60% to 1.779.90 a troy ounce. The dollar index dropped 0.56% to 92.517.
On the cryptomarket, the priority review version worked out, bitcoin came close to the level of 48K, and set another high of 47886 on Binance. The capitalization of the entire market has risen above 2 trillion, the fear of greed index is already at around 76 and continues to grow, the news background is extremely positive.
The growth of Bitcoin pushed the rest of the market to highs, some altcoins showed an increase of 15-20%. #Cardano grew by more than 16% yesterday, which made it possible to take the third position in the ranking by market capitalization of $70 billion.
Everything goes according to plan. Large investors continue to accumulate, traders are withdrawing more and more coins to cold wallets, and the number of bitcoins stored on exchanges continues to steadily decline, all in favor of growth and new highs. Our numbers of 50-55K within the month remains a priority.
On the weekend I expect Bitcoin in the range of 46000-50000. An alternative option is Bitcoin correction below 46K, in which case we can test 45-44K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Tech giant #Intel, the world's largest semiconductor chip maker, has revealed its stake in Coinbase and bought 3,014 shares of COIN for $ 763,000 according to a quarterly report filed with the US Securities and Exchange Commission. This is another traditional tech giant who has invested in the cryptocurrency space yet again. Source ; Coindesk
Lastly, more than half of the world's 100 largest banks have investments in cryptocurrencies and blockchain projects. A report, published by Blockdata, first reported by Cointelegraph, reveals global banking giants have been increasing their involvement in the cryptocurrency space through early- and late-stage funding of projects and business in the industry. It details 55 of the top 100 banks that have exposure to the space. These financial institutions’ involvement in the cryptocurrency space reportedly encompasses direct and indirect investments made by the institutions themselves or through subsidiaries. The report names #Barclays, #Citigroup, and #GoldmanSachs is among the most active in the space, followed by #JPMorgan and #BNPParibas. Their backing is part of a larger trend that has been seeing leading firms in the cryptocurrency space raise record amounts in funding rounds. #Blockdata’s research points to cryptocurrency custody solutions being a major target for financial institutions.
With that I am wishing you a blessed week ahead, remember, you must always do your own #research. This is not traditional investment or financial advice. #Decryptedge, #markets
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#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…
#Bitcoin had a pretty tumultuous weekend. On Saturday, it traded around 42K, yesterday…
#Retail Giant #Walmart Seeking to Hire Digital, #Cryptocurrency Lead
Thoughts on the market 16.08.2021
#Bitcoin on the weekend rolled back to 45K, reaching lows of 45500 (Binance), this correction was bought out and at the time of this writing, Bitcoin is trading at 47,500. Total cryptomarket capitalization is a $2.029 Trillion, and #BTC dominance index of 44.0%.
Stock markets opened lower. As of now, S&P 500 futures are down 0.26%. Gold, silver and oil are also falling. Asian indices are all in the red.
Good to note, #Bitcoin worked out an alternative version of Saturday's analysis with the price going below 46K and returning above 47K and most likely today we will try 48k again for its resistance strength. Our thoughts on the main scenario is an ascending one, and the main target numbers remain 48-50K from which it will be clear where we will go next. The news background is positive, for the first time in 3 months the index of fear and greed shows extreme greed, and after a three-week growth of bitcoin by 60%, no one is in a hurry to sell it, large investors and miners continue their accumulation.
Plan for today. If Bitcoin fails to break through the resistance at 48000 and gain a foothold at this level, we can go back to 46000-44000 again. A breakout towards 48,000 and above could push the price towards 50,000.
It's interesting to note that the Treasury Department plans to clarify the definition of "broker" in the recently passed infrastructure bill and promises that new legislation will not affect innovation and growth in the blockchain industry, and miners, hardware manufacturers and software developers are not subject to new tax reporting requirements if they are not brokers. I promised to write up on this. Today I will share.
Lastly Walmart - America's top-selling retailer - is looking for a leader in cryptocurrency products, according to an announcement posted on LinkedIn for a new job. As reported by @YahooFinance, Part of the role’s remit includes driving the retail giant’s digital currency strategy. Identifying crypto-related partnerships and investments will also be part of the role. Two years ago, Walmart applied for a patent on a price-stable crypto similar to Facebook’s nascent project, then called Libra. Walmart has also experimented with distributed ledger technology for nonfinancial uses such as tracking drugs and food along the supply chain.
#Amazon back in July refuted claims of looking to accept bitcoin payments, (https://t.me/decryptedge/653 ) Lets see how Walmart will fair.
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 16.08.2021
#Bitcoin on the weekend rolled back to 45K, reaching lows of 45500 (Binance), this correction was bought out and at the time of this writing, Bitcoin is trading at 47,500. Total cryptomarket capitalization is a $2.029 Trillion, and #BTC dominance index of 44.0%.
Stock markets opened lower. As of now, S&P 500 futures are down 0.26%. Gold, silver and oil are also falling. Asian indices are all in the red.
Good to note, #Bitcoin worked out an alternative version of Saturday's analysis with the price going below 46K and returning above 47K and most likely today we will try 48k again for its resistance strength. Our thoughts on the main scenario is an ascending one, and the main target numbers remain 48-50K from which it will be clear where we will go next. The news background is positive, for the first time in 3 months the index of fear and greed shows extreme greed, and after a three-week growth of bitcoin by 60%, no one is in a hurry to sell it, large investors and miners continue their accumulation.
Plan for today. If Bitcoin fails to break through the resistance at 48000 and gain a foothold at this level, we can go back to 46000-44000 again. A breakout towards 48,000 and above could push the price towards 50,000.
It's interesting to note that the Treasury Department plans to clarify the definition of "broker" in the recently passed infrastructure bill and promises that new legislation will not affect innovation and growth in the blockchain industry, and miners, hardware manufacturers and software developers are not subject to new tax reporting requirements if they are not brokers. I promised to write up on this. Today I will share.
Lastly Walmart - America's top-selling retailer - is looking for a leader in cryptocurrency products, according to an announcement posted on LinkedIn for a new job. As reported by @YahooFinance, Part of the role’s remit includes driving the retail giant’s digital currency strategy. Identifying crypto-related partnerships and investments will also be part of the role. Two years ago, Walmart applied for a patent on a price-stable crypto similar to Facebook’s nascent project, then called Libra. Walmart has also experimented with distributed ledger technology for nonfinancial uses such as tracking drugs and food along the supply chain.
#Amazon back in July refuted claims of looking to accept bitcoin payments, (https://t.me/decryptedge/653 ) Lets see how Walmart will fair.
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.
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#Crypto Thoughts on the market 27.07. 2021
#Bitcoin lost support at the 40K level during the day, after which it went down, to a low of 36630 on the Binance Exchange. Bitcoin is currently trading around 36,800 with a dominance index of 47.6%. Total Crypto…
#Bitcoin lost support at the 40K level during the day, after which it went down, to a low of 36630 on the Binance Exchange. Bitcoin is currently trading around 36,800 with a dominance index of 47.6%. Total Crypto…
US State Department offers up to $10 million in #Crypto rewards to #WhiteHat #Hackers as #Tiger Global’s #Invests $500 Million in #Coinbase.
Thoughts on the market 17.08. 2021
Yesterday, #Bitcoin moved between 48050-45660, corrections to 45K were quickly redeemed and at the time of writing the review, btc is trading around 46400 with a dominance index of 43.6% and total market capitalization of $2.004 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones rose 0.31%, reaching an all-time high, the S&P 500 climbed 0.26%, and the NASDAQ fell 0.20%. The Volatility Index, which is based on the performance of S&P 500 options trading, rose 4.47% to 16.12. Gold and silver added a bit, oil dipped 1.32% to $ 69.66 per barrel. The dollar index rose 0.12% to 92.627.
As we shared yesterday in the review, if we cannot break through the resistance and gain a foothold above 48K, then we will begin to decline. We broke through the resistance, but could not hold on to this level and began to fall, to a low price of 45239 on the Binance exchange.
The daily candle closed below 46K, which means there is every chance to go to 43-42K in the near future if there is no positive. This situation will not last long and by the end of the month we still have a price tag of 50K and higher, small corrections are useful for the market.
The dollar index continues to pressure the price of Bitcoin, and as soon as it falls to 91-90, the growth of bitcoin will be rapid. Plan for today. If Bitcoin fails to gain a foothold at 47K and higher, we can again go down to the 45-43K levels. Leaving and consolidating above 47K will return the price to the 48K resistance zone.
US investment giant #Tiger Global discloses a $ 665 million stake in Coinbase. The company, which has $80 billion in assets under its management, has indirectly invested in cryptocurrencies. On Saturday we shared that giant chip maker Intel (https://t.me/decryptedge/691 ) announced a similar investment. As reported by @somagnews Tiger Global Management bought approximately 2.6 million shares of Coinbase. This investment by the company shows strong adoption of crypto by the mainstream, however going by a blog post shared by @Binance we have aprox 300 million crypto users this is just 3.8% of the world’s population (7.9 billion). Putting Bitcoin and blockchain technology barely past the innovation stage and into the early adoption stage. The news did not have a serious impact on the Bitcoin price. Bitcoin (BTC) finds buyers at $ 47,588.
Lastly, the US government is offering hackers rewards of up to $ 10 million in cryptocurrency in exchange for information on various terrorism suspects, extremists, and other black hackers.
Informants elect whether they wish to receive compensation in the form of crypto assets.
Informants provide sensitive information via a secure portal on the dark web — the layer of the internet that is not publicly accessed by commercial companies and search engines.
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 market 17.08. 2021
Yesterday, #Bitcoin moved between 48050-45660, corrections to 45K were quickly redeemed and at the time of writing the review, btc is trading around 46400 with a dominance index of 43.6% and total market capitalization of $2.004 Trillion.
The stock market finished trading on Monday in different directions. The Dow Jones rose 0.31%, reaching an all-time high, the S&P 500 climbed 0.26%, and the NASDAQ fell 0.20%. The Volatility Index, which is based on the performance of S&P 500 options trading, rose 4.47% to 16.12. Gold and silver added a bit, oil dipped 1.32% to $ 69.66 per barrel. The dollar index rose 0.12% to 92.627.
As we shared yesterday in the review, if we cannot break through the resistance and gain a foothold above 48K, then we will begin to decline. We broke through the resistance, but could not hold on to this level and began to fall, to a low price of 45239 on the Binance exchange.
The daily candle closed below 46K, which means there is every chance to go to 43-42K in the near future if there is no positive. This situation will not last long and by the end of the month we still have a price tag of 50K and higher, small corrections are useful for the market.
The dollar index continues to pressure the price of Bitcoin, and as soon as it falls to 91-90, the growth of bitcoin will be rapid. Plan for today. If Bitcoin fails to gain a foothold at 47K and higher, we can again go down to the 45-43K levels. Leaving and consolidating above 47K will return the price to the 48K resistance zone.
US investment giant #Tiger Global discloses a $ 665 million stake in Coinbase. The company, which has $80 billion in assets under its management, has indirectly invested in cryptocurrencies. On Saturday we shared that giant chip maker Intel (https://t.me/decryptedge/691 ) announced a similar investment. As reported by @somagnews Tiger Global Management bought approximately 2.6 million shares of Coinbase. This investment by the company shows strong adoption of crypto by the mainstream, however going by a blog post shared by @Binance we have aprox 300 million crypto users this is just 3.8% of the world’s population (7.9 billion). Putting Bitcoin and blockchain technology barely past the innovation stage and into the early adoption stage. The news did not have a serious impact on the Bitcoin price. Bitcoin (BTC) finds buyers at $ 47,588.
Lastly, the US government is offering hackers rewards of up to $ 10 million in cryptocurrency in exchange for information on various terrorism suspects, extremists, and other black hackers.
Informants elect whether they wish to receive compensation in the form of crypto assets.
Informants provide sensitive information via a secure portal on the dark web — the layer of the internet that is not publicly accessed by commercial companies and search engines.
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.
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KryptoEdge
Computer Chip Giant Intel Owns Coinbase Shares: & Over Half of the World’s Leading Banks Have Crypto Exposure: Report. Thoughts on the market 14th August 2021
Yesterday, Bitcoin moved within the expected range of $47880-44220. Later managed to break through…
Yesterday, Bitcoin moved within the expected range of $47880-44220. Later managed to break through…
#Alibaba’s New #Blockchain Auction Platform is Selling #StarWars Art on a Ledger Run by #Sichuan’s Government. Thoughts in the market 18.08.2021
#Bitcoin moved within the 47160-44200 range. Corrections to 44k were quickly bought out and at the time of writing the review, Bitcoin is trading at about 45100 with a dominance index of 44.3%. Total Crypto Market capitalisation is $1.9 Trillion.
The stock market completed Tuesday Tuesday. Dow Jones fell by 0.79%, the S & P 500 index fell by 0.71%, the NASDAQ Composite index fell by 0.93%. The dollar index rose by 0.55% to 93.132.Bitcoin was not able to fix it above 47k and moved to a decline, to a low of 44203 registered on the Binance exchange. This correction pulled the entire market behind them, some alt-coins lost up to 10% of their value, the capitalisation of the entire market fell below $2 Trillion.
We have already talked about how in such a fast-growing market such a correction is possible and useful and even if we go to 40k it does not change anything, the new highs this year is inevitable.
Plan for today. If Bitcoin price can't return to 45800-46000, then again the decline will begin. The first important support is at 44200, if price falls below, we can go to 42-41K. Last time we shared about Chainlink(#LINK), it has seen a +20% rally, today verger(#xvg) is looking good for a rally.
The Chinese Alibaba e-commerce giant launched an NFT marketer. The new section of the Alibaba auction allows artists to sell copyrights to their work using the blockchain. As reported by South China Morning Post the blockchain is backed by the Sichuan provincial government, marking another foray into blockchain technology by China’s Big Tech companies.
The service, called “Blockchain Digital Copyright and Asset Trade”, allows writers, musicians, game developers and other artists to sell the rights to their content via blockchain. NFTs enable this with the use of unique, encrypted tokens that allow a person to prove ownership, although the technology itself does not prevent unauthorised copying.
Sales include complete ownership of works purchased through the platform, according to an introduction posted online. Numerous products are already listed, with bids next month starting at US$15 for each piece.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Bitcoin moved within the 47160-44200 range. Corrections to 44k were quickly bought out and at the time of writing the review, Bitcoin is trading at about 45100 with a dominance index of 44.3%. Total Crypto Market capitalisation is $1.9 Trillion.
The stock market completed Tuesday Tuesday. Dow Jones fell by 0.79%, the S & P 500 index fell by 0.71%, the NASDAQ Composite index fell by 0.93%. The dollar index rose by 0.55% to 93.132.Bitcoin was not able to fix it above 47k and moved to a decline, to a low of 44203 registered on the Binance exchange. This correction pulled the entire market behind them, some alt-coins lost up to 10% of their value, the capitalisation of the entire market fell below $2 Trillion.
We have already talked about how in such a fast-growing market such a correction is possible and useful and even if we go to 40k it does not change anything, the new highs this year is inevitable.
Plan for today. If Bitcoin price can't return to 45800-46000, then again the decline will begin. The first important support is at 44200, if price falls below, we can go to 42-41K. Last time we shared about Chainlink(#LINK), it has seen a +20% rally, today verger(#xvg) is looking good for a rally.
The Chinese Alibaba e-commerce giant launched an NFT marketer. The new section of the Alibaba auction allows artists to sell copyrights to their work using the blockchain. As reported by South China Morning Post the blockchain is backed by the Sichuan provincial government, marking another foray into blockchain technology by China’s Big Tech companies.
The service, called “Blockchain Digital Copyright and Asset Trade”, allows writers, musicians, game developers and other artists to sell the rights to their content via blockchain. NFTs enable this with the use of unique, encrypted tokens that allow a person to prove ownership, although the technology itself does not prevent unauthorised copying.
Sales include complete ownership of works purchased through the platform, according to an introduction posted online. Numerous products are already listed, with bids next month starting at US$15 for each piece.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#US #Mortgage #Lender UWM Plans to Accept #Bitcoin #Payments and Former US #Treasury Official Joins #Binance to lead #AML Efforts.
Thoughts on the #Cryptomarket 19.08.2021
Yesterday, #Bitcoin tried several times to gain a foothold above 46K but did not succeed and began to decline, to a low price of 43960 at Binancece Exchange. At the time of this writing, it is trading for $44,200 with a dominance index of 43.8%. Total crypto market capitalisation is $1.9 Trillion.
The stock market ended with a fall on Wednesday. The Dow Jones fell 1.08%, the S&P 500 fell 1.07%, and the NASDAQ fell 0.89%. Gold, silver and oil continue to decline. The dollar index rose 0.02% to 93.168.
With no particular positive on the crypto market, a sell off began at the 46K level and will continue today. We have already mentioned that the price would be good to go to 42-40K in order to get healthy and purposeful growth in the future. When an asset grows several times in a matter of days, it always ends with a deep fall, with a very long exit from the hole, and this is normal.
Plan for today. If today we cannot return and gain a foothold above the level of 45500, we will continue to fall. The main support levels are now 44000 and 43800, if we go even lower, we may find ourselves at 42-40K. Leaving and fixing above 45500 will open the way for 46000 and above.
Interesting news, the second largest mortgage lender in the US, plans to accept payments in cryptocurrency this year, starting with #Bitcoin. As reported by @coinscreed.com, United Wholesale Mortgage CEO Mat Ishbia stated that the company intends to accept cryptocurrency payments this year, he mentioned this during a conference call to discuss the company’s second-quarter performance, which showed a net profit of $138.7 million for the period. “We are evaluating the feasibility and requirements in order to accept cryptocurrency to satisfy mortgage payments.” “We’re going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do.”
Lastly, former Treasury Department Criminal Investigator Greg Monahan has joined #Binance and will lead the post on anti-money laundering. #Binance said that its international compliance team and advisory board has grown by 500% since 2020. Changpeng Zhao, CEO of Binance, noted that the team is expanding its capabilities “to make Binance and the wider industry a safe place for all participants.”
Binance is ramping up its compliance and AML efforts in a bid to make peace with regulators, who are accusing the exchange of illegal operations within worldwide. Zhao recently shared the company’s vision to be licensed everywhere. “From now on, we’re going to be a financial institution,” he summarised. The exchange is also known to make prominent hires to boost up its efforts in different areas. Last year, Binance hired former HSBC executive Teana Baker-Taylor to lead its expansion in the United Kingdom and European market. Since then, HSBC UK has reportedly suspended credit card payments to Binance. Source Cointelegraph
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the #Cryptomarket 19.08.2021
Yesterday, #Bitcoin tried several times to gain a foothold above 46K but did not succeed and began to decline, to a low price of 43960 at Binancece Exchange. At the time of this writing, it is trading for $44,200 with a dominance index of 43.8%. Total crypto market capitalisation is $1.9 Trillion.
The stock market ended with a fall on Wednesday. The Dow Jones fell 1.08%, the S&P 500 fell 1.07%, and the NASDAQ fell 0.89%. Gold, silver and oil continue to decline. The dollar index rose 0.02% to 93.168.
With no particular positive on the crypto market, a sell off began at the 46K level and will continue today. We have already mentioned that the price would be good to go to 42-40K in order to get healthy and purposeful growth in the future. When an asset grows several times in a matter of days, it always ends with a deep fall, with a very long exit from the hole, and this is normal.
Plan for today. If today we cannot return and gain a foothold above the level of 45500, we will continue to fall. The main support levels are now 44000 and 43800, if we go even lower, we may find ourselves at 42-40K. Leaving and fixing above 45500 will open the way for 46000 and above.
Interesting news, the second largest mortgage lender in the US, plans to accept payments in cryptocurrency this year, starting with #Bitcoin. As reported by @coinscreed.com, United Wholesale Mortgage CEO Mat Ishbia stated that the company intends to accept cryptocurrency payments this year, he mentioned this during a conference call to discuss the company’s second-quarter performance, which showed a net profit of $138.7 million for the period. “We are evaluating the feasibility and requirements in order to accept cryptocurrency to satisfy mortgage payments.” “We’re going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do.”
Lastly, former Treasury Department Criminal Investigator Greg Monahan has joined #Binance and will lead the post on anti-money laundering. #Binance said that its international compliance team and advisory board has grown by 500% since 2020. Changpeng Zhao, CEO of Binance, noted that the team is expanding its capabilities “to make Binance and the wider industry a safe place for all participants.”
Binance is ramping up its compliance and AML efforts in a bid to make peace with regulators, who are accusing the exchange of illegal operations within worldwide. Zhao recently shared the company’s vision to be licensed everywhere. “From now on, we’re going to be a financial institution,” he summarised. The exchange is also known to make prominent hires to boost up its efforts in different areas. Last year, Binance hired former HSBC executive Teana Baker-Taylor to lead its expansion in the United Kingdom and European market. Since then, HSBC UK has reportedly suspended credit card payments to Binance. Source Cointelegraph
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.