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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KryptoEdge
#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.
#Coinbase Gets Board OK To Add $500Million in #Crypto to Balance Sheet & Forges Deal with #Mitsubishi UFJ Financial Group, in effort to Tap #Japanese Market as Another Japanese Exchange #Liquid hacked, $74Million Lost.
Thoughts on the market 20.08. 2021
Bitcoin moved in the range of 47033-43927 in the past 24hrs. The correction to 44K was gradually redeemed and bitcoin moved to growth, to a high price of 47390 on the Binance Exchange. At the time of this writing, Bitcoin is worth $46,900, with a dominance index of 43.6%. Total Crypto Market capitalization is $2.026 Trillion.
The stock market finished trading on Thursday in different directions. The Dow Jones fell 0.19%, the S&P 500 rose 0.13%, and the NASDAQ rose 0.11%. Gold Futures for December delivery was down 0.09% to 1.782.85 a troy ounce. Crude oil fell 1.96% to 66.89 a barrel. The dollar index rose 0.47% to 93.582.
Everything is good on the crypto market, #Bitcoin clearly worked out yesterday's analysis and moved in the indicated range. The daily candle close above 46K, which means there is every chance for continued growth and a test of 50k support.
#Coinbase CEO Brian Armstrong, who announced that the exchange will buy more than $500million worth of cryptocurrencies for itself(the company), brought positive to the market, and in the future,10% of all its income will be invested in crypto-assets. He also said that Coinbase will become a long-term investor using a dollar cost averaging strategy. Do you know what that is?
Coinbase, making more whale moves, announced yesterday again that it is entering the Japanese market in partnership with Mitsubishi UFJ Financial Group (MUFG). This will enable access to Mitsubishi's customer base of about 40 million customers as reported by @Fianncial times, betting on the Japanese bank’s vast customer base will help it secure a foothold in one of the world’s centres for digital asset trading.
Coinbase’s Japanese subsidiary received permission to operate in the world’s third-biggest economy in June, securing one of the coveted licences issued by the Financial Services Agency. In April 2017, Japan surprised many when it became the first government to recognise bitcoin as a legal payment method. Later that year, the FSA broke new ground again when it officially recognised 11 companies as cryptocurrency exchange operators. The FSA’s unexpected position at the global forefront of crypto regulation was driven by a determination to avoid a repeat of the Mt Gox incident. The Tokyo-based crypto exchange had handled two-thirds of all bitcoin transactions before its demise. The company collapsed in 2014 after 850,000 customer- and company-owned bitcoins went missing in a disappearance that experts later concluded had been a theft. Source; FT
Coincidentally, Japanese exchange Liquid hacked and a hacker in possession of $74 million in crypto assets. The regulated crypto exchange in Japan, suspended asset deposits and withdrawals as its hot wallets have been hacked in a security breach. The firm said in a Tweet on Thursday morning Japan time that its hot wallets were compromised and it is moving assets into cold wallets. "We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended." Source: theblockcrypto.com
In closing capitalization is back above $2 Trillion, altcoins have rebounded and some are already making new highs, accumulation is in full swing, while stocks continue to decline. Over the past month, nearly $5 billion worth of BTC has been withdrawn from exchanges, as we experience one of the steepest drops in stocks in history. No one seems to be talking about it.
Plan for today. If today we can return and gain a foothold above the key resistance level at 48000, then there is every chance to try the strength of 50,000. If we do not take the height of 48000, then we will again return to the 46000-44000 range for refueling.
Thoughts on the market 20.08. 2021
Bitcoin moved in the range of 47033-43927 in the past 24hrs. The correction to 44K was gradually redeemed and bitcoin moved to growth, to a high price of 47390 on the Binance Exchange. At the time of this writing, Bitcoin is worth $46,900, with a dominance index of 43.6%. Total Crypto Market capitalization is $2.026 Trillion.
The stock market finished trading on Thursday in different directions. The Dow Jones fell 0.19%, the S&P 500 rose 0.13%, and the NASDAQ rose 0.11%. Gold Futures for December delivery was down 0.09% to 1.782.85 a troy ounce. Crude oil fell 1.96% to 66.89 a barrel. The dollar index rose 0.47% to 93.582.
Everything is good on the crypto market, #Bitcoin clearly worked out yesterday's analysis and moved in the indicated range. The daily candle close above 46K, which means there is every chance for continued growth and a test of 50k support.
#Coinbase CEO Brian Armstrong, who announced that the exchange will buy more than $500million worth of cryptocurrencies for itself(the company), brought positive to the market, and in the future,10% of all its income will be invested in crypto-assets. He also said that Coinbase will become a long-term investor using a dollar cost averaging strategy. Do you know what that is?
Coinbase, making more whale moves, announced yesterday again that it is entering the Japanese market in partnership with Mitsubishi UFJ Financial Group (MUFG). This will enable access to Mitsubishi's customer base of about 40 million customers as reported by @Fianncial times, betting on the Japanese bank’s vast customer base will help it secure a foothold in one of the world’s centres for digital asset trading.
Coinbase’s Japanese subsidiary received permission to operate in the world’s third-biggest economy in June, securing one of the coveted licences issued by the Financial Services Agency. In April 2017, Japan surprised many when it became the first government to recognise bitcoin as a legal payment method. Later that year, the FSA broke new ground again when it officially recognised 11 companies as cryptocurrency exchange operators. The FSA’s unexpected position at the global forefront of crypto regulation was driven by a determination to avoid a repeat of the Mt Gox incident. The Tokyo-based crypto exchange had handled two-thirds of all bitcoin transactions before its demise. The company collapsed in 2014 after 850,000 customer- and company-owned bitcoins went missing in a disappearance that experts later concluded had been a theft. Source; FT
Coincidentally, Japanese exchange Liquid hacked and a hacker in possession of $74 million in crypto assets. The regulated crypto exchange in Japan, suspended asset deposits and withdrawals as its hot wallets have been hacked in a security breach. The firm said in a Tweet on Thursday morning Japan time that its hot wallets were compromised and it is moving assets into cold wallets. "We are currently investigating and will provide regular updates. In the meantime deposits and withdrawals will be suspended." Source: theblockcrypto.com
In closing capitalization is back above $2 Trillion, altcoins have rebounded and some are already making new highs, accumulation is in full swing, while stocks continue to decline. Over the past month, nearly $5 billion worth of BTC has been withdrawn from exchanges, as we experience one of the steepest drops in stocks in history. No one seems to be talking about it.
Plan for today. If today we can return and gain a foothold above the key resistance level at 48000, then there is every chance to try the strength of 50,000. If we do not take the height of 48000, then we will again return to the 46000-44000 range for refueling.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
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-Does Crypto need regulation?
-Variations in global approaches to Crypto asset regulation
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- What do we expect going forward?
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- Crypto Compliance and Regulations..
-Does Crypto need regulation?
-Variations in global approaches to Crypto asset regulation
- What can regulators do to better support regulatory development?
- What do we expect going forward?
- Crypto-Markets news and this week updates.
- Open Q & A session
Join Zoom Meeting
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Meeting ID: 878 5260 6157
Passcode: BITCOIN101
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🚨Influencers who have been caught being involved in scams or pump and dumps.
1. TechLead - Million MM Token
2. Upshod - UpCoin
3. Ian Balina - Shilling scam coins
4. FaZe Kay (and other Faze members) - Save the Kids
5. Floyd Mayweather, Kim Kardashian - EthereumMax
6. Logan Paul - DinkDoink
7. Kai Greene - Shiba Inu Token
8. Bitboy Crypto - Various pump and dumps
9. CryptoWendyO - Many pump and dumps/shilling scam coins
10. Simon Dedic - Pump and dump/Paid reviews with scam coins
📝 I think it’s important to create awareness for the newer investors to prevent them from becoming a victim of a malicious scheme.
📄 New investors, steer clear from influencers and the schemes that they promote. Your wallet and future wealth will thank you.
📰 We will continue updating these lists with more influencers.
1. TechLead - Million MM Token
2. Upshod - UpCoin
3. Ian Balina - Shilling scam coins
4. FaZe Kay (and other Faze members) - Save the Kids
5. Floyd Mayweather, Kim Kardashian - EthereumMax
6. Logan Paul - DinkDoink
7. Kai Greene - Shiba Inu Token
8. Bitboy Crypto - Various pump and dumps
9. CryptoWendyO - Many pump and dumps/shilling scam coins
10. Simon Dedic - Pump and dump/Paid reviews with scam coins
📝 I think it’s important to create awareness for the newer investors to prevent them from becoming a victim of a malicious scheme.
📄 New investors, steer clear from influencers and the schemes that they promote. Your wallet and future wealth will thank you.
📰 We will continue updating these lists with more influencers.
#PayPal launches #crypto buying and selling in the #UK
Crypto Market Thoughts on 23.08.2021
Bitcoin continued to rise over the weekend, hitting a high of 50399 on the Binance exchange and is likely to go higher. At the time of writing this review, the main cryptocurrency is trading at around 50,280 with a dominance index of 43.9%. Total crypto market capitalization stands at $2.1 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.36%. Asian indices are trading in different directions. Gold, silver and oil are on the rise.
On the cryptomarket, Bitcoin broke through support at 50K and went higher, altcoins followed, Ethereum is already above 3300, and Cardano (ADA) updated it's all-time high at levels above $2.8 and moved into 3rd place in terms of capitalization.
We have been talking about the 50K number since the beginning of June and I hope that many did not develop weak hands, but bought the bottom and are waiting for a new high.
Within the media this week there will be a lot of positivity and with each new update of local highs, the crowd will more and more FOMO in, which will inevitably cover the market when Bitcoin fixes above 55K and those who sold at 30 will soon buy it above 60.
Today;s expectation, Bitcoin in the range 48000-52000. Leaving below 48K is an alternative, in which case we can drop to 46K.
Now to some news, PayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week. The roll-out, which marks the first international expansion of PayPal's cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class.
With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies.
The company hoped its foray into the new asset class would encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by corporations and central banks.
"We are committed to continue working closely with regulators in the UK, and around the world, to offer our support— and meaningfully contribute to shaping the role #digital currencies will play in the future of global finance and commerce," Jose Fernandez da Ponte, vice president and general manager for blockchain, crypto and digital currencies at PayPal, said in a statement. Source : Reuters.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Crypto Market Thoughts on 23.08.2021
Bitcoin continued to rise over the weekend, hitting a high of 50399 on the Binance exchange and is likely to go higher. At the time of writing this review, the main cryptocurrency is trading at around 50,280 with a dominance index of 43.9%. Total crypto market capitalization stands at $2.1 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.36%. Asian indices are trading in different directions. Gold, silver and oil are on the rise.
On the cryptomarket, Bitcoin broke through support at 50K and went higher, altcoins followed, Ethereum is already above 3300, and Cardano (ADA) updated it's all-time high at levels above $2.8 and moved into 3rd place in terms of capitalization.
We have been talking about the 50K number since the beginning of June and I hope that many did not develop weak hands, but bought the bottom and are waiting for a new high.
Within the media this week there will be a lot of positivity and with each new update of local highs, the crowd will more and more FOMO in, which will inevitably cover the market when Bitcoin fixes above 55K and those who sold at 30 will soon buy it above 60.
Today;s expectation, Bitcoin in the range 48000-52000. Leaving below 48K is an alternative, in which case we can drop to 46K.
Now to some news, PayPal Holdings Inc will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week. The roll-out, which marks the first international expansion of PayPal's cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class.
With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies.
The company hoped its foray into the new asset class would encourage global use of virtual coins and prepare its network for new digital currencies that may be developed by corporations and central banks.
"We are committed to continue working closely with regulators in the UK, and around the world, to offer our support— and meaningfully contribute to shaping the role #digital currencies will play in the future of global finance and commerce," Jose Fernandez da Ponte, vice president and general manager for blockchain, crypto and digital currencies at PayPal, said in a statement. Source : Reuters.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.