#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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- 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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🚨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.
Multinational Payments Giant Visa Purchases Cryptopunk NFT for $165K in #Ether, #Iran Lifts #Bitcoin Mining Ban and Publishing Platform #Substack to Accept Onchain, Lightning Network #Bitcoin #Payments via #Opennode.
Cryptomarket Thoughts on 24.08.2021.
Bitcoin moved within the 50500-48700 range during the day corrections below 48K are quickly redeemed and at the time of this writing, Bitcoin is trading at 49,500. Total Cryptomarket capitalization is at $2.1 Trillion with a BTC dominance index of 43.4%.
#Stockmarkets ended Monday trading higher. The Dow Jones climbed 0.61%, the S&P 500 rose 0.85%, and the NASDAQ climbed 1.55%. Gold Futures for December delivery was up 1.29% to 1.807.00 a troy ounce. The dollar index dropped 0.53% to 93.013.
On the cryptomarket, the priority version of yesterday's analysis worked out. Bitcoin remained in the indicated range, but could not stay above 50K and began its decline, to a price of 48776 registered on the Binance Exchange.
If today we can hold above 48K, then most likely we will once again try the 50K resistance level for strength and then retest 50500. Going below 48K will return us to the 47-46K levels.
Some Interesting news, Iran will lift the ban on Bitcoin mining in September, nonetheless experts have warned dealers against unwittingly breaking US sanctions by trading in digital assets created in Iran. Iran turned to mining cryptocurrencies to skirt US sanctions that have effectively shut large parts of its economy. Tehran was responsible for about 4.5 per cent of all cryptocurrency mining globally but the government banned the practice for four months in May because computers used in the process were sapping too much electricity, leading to power cuts during the exceptionally hot and dry summer. Source: thenationalnews.com
#Visa buys an NFT-based 'CryptoPunk' avatar for $150,000 "This is just the beginning of our work in this space," Visa's head of crypto says. Visa is purchased CryptoPunk 7610, an NFT-based digital avatar, the payments company said Monday. CNBC reported that Visa paid around $150,000 in Ethereum. #Ethereum is a cryptocurrency that made its debut in 2015. An NFT is a unique digital token, with most using the Ethereum blockchain to digitally record transactions. A digital asset, such as an image, video or tweet, is tied to the token. The technology began in 2015 when unique tokens were created for the Ethereum blockchain, but they became hugely popular in February. Source: CNET
Lastly #Substack publishing platform now accepts payments in bitcoins. On Monday, the publishing platform Substack revealed the company is now accepting bitcoin payments. Substack will be working with the payment processor Opennode and the publishing platform will leverage the Lightning Network and onchain payments. “Our partnership will allow content creators across the Substack ecosystem to accept bitcoin payments, and retain earnings in bitcoin or convert to preferred currency. Writers and podcasters have flocked to Substack to regain creative and financial freedom, and bitcoin is a natural fit,” João Almeida, the co-founder and CTO at Opennode concluded during the announcement. Source:news.bitcoin.com/
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Cryptomarket Thoughts on 24.08.2021.
Bitcoin moved within the 50500-48700 range during the day corrections below 48K are quickly redeemed and at the time of this writing, Bitcoin is trading at 49,500. Total Cryptomarket capitalization is at $2.1 Trillion with a BTC dominance index of 43.4%.
#Stockmarkets ended Monday trading higher. The Dow Jones climbed 0.61%, the S&P 500 rose 0.85%, and the NASDAQ climbed 1.55%. Gold Futures for December delivery was up 1.29% to 1.807.00 a troy ounce. The dollar index dropped 0.53% to 93.013.
On the cryptomarket, the priority version of yesterday's analysis worked out. Bitcoin remained in the indicated range, but could not stay above 50K and began its decline, to a price of 48776 registered on the Binance Exchange.
If today we can hold above 48K, then most likely we will once again try the 50K resistance level for strength and then retest 50500. Going below 48K will return us to the 47-46K levels.
Some Interesting news, Iran will lift the ban on Bitcoin mining in September, nonetheless experts have warned dealers against unwittingly breaking US sanctions by trading in digital assets created in Iran. Iran turned to mining cryptocurrencies to skirt US sanctions that have effectively shut large parts of its economy. Tehran was responsible for about 4.5 per cent of all cryptocurrency mining globally but the government banned the practice for four months in May because computers used in the process were sapping too much electricity, leading to power cuts during the exceptionally hot and dry summer. Source: thenationalnews.com
#Visa buys an NFT-based 'CryptoPunk' avatar for $150,000 "This is just the beginning of our work in this space," Visa's head of crypto says. Visa is purchased CryptoPunk 7610, an NFT-based digital avatar, the payments company said Monday. CNBC reported that Visa paid around $150,000 in Ethereum. #Ethereum is a cryptocurrency that made its debut in 2015. An NFT is a unique digital token, with most using the Ethereum blockchain to digitally record transactions. A digital asset, such as an image, video or tweet, is tied to the token. The technology began in 2015 when unique tokens were created for the Ethereum blockchain, but they became hugely popular in February. Source: CNET
Lastly #Substack publishing platform now accepts payments in bitcoins. On Monday, the publishing platform Substack revealed the company is now accepting bitcoin payments. Substack will be working with the payment processor Opennode and the publishing platform will leverage the Lightning Network and onchain payments. “Our partnership will allow content creators across the Substack ecosystem to accept bitcoin payments, and retain earnings in bitcoin or convert to preferred currency. Writers and podcasters have flocked to Substack to regain creative and financial freedom, and bitcoin is a natural fit,” João Almeida, the co-founder and CTO at Opennode concluded during the announcement. Source:news.bitcoin.com/
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Europe prepares for first #Bitcoin Futures Launch Amid US #ETF Stalemate as Infrastructure bill set for a vote by Sept. 27 With No Changes to Crypto Tax Provisions
Thoughts on the Cryptomarket 25.08. 2021
Yesterday #Bitcoin lost support at 49K during the day and moved to a decline, to a price of 47600 on the #Binance Exchange, this correction is gradually being redeemed and now we are trading at about 48100 with a dominance index 43.9%. Total Crypto Market capitalization seats at $2.057 Trillion.
Stock markets ended Monday trading higher. The Dow Jones rose 0.09%, the S&P 500 rose 0.15%, and the NASDAQ rose 0.52%. The volatility index rose 0.41% to 17.22. Gold and silver dipped slightly. The dollar index dropped 0.09% to 92.888.
On the 3cryptomarket, the variant with the price dropping below 48K worked out, although yesterday there were all chances to turn out above 50 and break through the important resistance at 51K. Even Michael Saylor did not help the market, Coming with a big announcement that MicroStrategy bought 3907 BTC for about $177 million, it is not a bad thing either.
I already wrote that the market now needs a rest and it would be good to go even lower in order to get healthy and targeted growth in the future, we have grown too quickly and we need to throw off weak hands. Otherwise, everything is going according to plan, and now it is important to gain strength and break through the decisive resistance at 51K. This area is the last obstacle before a big breakthrough to the all-time high.
Plan for today. If we can return and gain a foothold above 48300-48500, then we will go to 49 and even 50K. If we do not return the 48K level, then we will go to 46K.
To some news, #Europe is gearing up to launch its first bitcoin futures amid US ETF deadlock. Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, #Eurex, an announcement confirms. In a press release issued on Tuesday, digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept. 13. There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product. Source: cointelegraph.com
Lastly, the infrastructure bill has been put to a vote until September 27 with no changes to the provisions on taxes on cryptocurrency. Commenting on the lack of amendments to the infrastructure bill, executive director of The Blockchain Association, Kristin Smith, described the events as “unfortunate but unsurprising.” “However, this is not the end of the process,” she stated, adding: “The Blockchain Association, our 46 member companies and the newly-energized, nationwide crypto community will rededicate our energy to supporting technology-neutral, pro-crypto legislation and regulation — on this specific tax issue as well as broader crypto policy.”
Source: cointelegraph.com
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 25.08. 2021
Yesterday #Bitcoin lost support at 49K during the day and moved to a decline, to a price of 47600 on the #Binance Exchange, this correction is gradually being redeemed and now we are trading at about 48100 with a dominance index 43.9%. Total Crypto Market capitalization seats at $2.057 Trillion.
Stock markets ended Monday trading higher. The Dow Jones rose 0.09%, the S&P 500 rose 0.15%, and the NASDAQ rose 0.52%. The volatility index rose 0.41% to 17.22. Gold and silver dipped slightly. The dollar index dropped 0.09% to 92.888.
On the 3cryptomarket, the variant with the price dropping below 48K worked out, although yesterday there were all chances to turn out above 50 and break through the important resistance at 51K. Even Michael Saylor did not help the market, Coming with a big announcement that MicroStrategy bought 3907 BTC for about $177 million, it is not a bad thing either.
I already wrote that the market now needs a rest and it would be good to go even lower in order to get healthy and targeted growth in the future, we have grown too quickly and we need to throw off weak hands. Otherwise, everything is going according to plan, and now it is important to gain strength and break through the decisive resistance at 51K. This area is the last obstacle before a big breakthrough to the all-time high.
Plan for today. If we can return and gain a foothold above 48300-48500, then we will go to 49 and even 50K. If we do not return the 48K level, then we will go to 46K.
To some news, #Europe is gearing up to launch its first bitcoin futures amid US ETF deadlock. Europe’s first-ever Bitcoin (BTC) futures will launch next month on the continent’s largest derivatives market, #Eurex, an announcement confirms. In a press release issued on Tuesday, digital asset-backed securities provider ETC Group said that its Bitcoin ETN Futures product will commence trading on Sept. 13. There is no sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product. Source: cointelegraph.com
Lastly, the infrastructure bill has been put to a vote until September 27 with no changes to the provisions on taxes on cryptocurrency. Commenting on the lack of amendments to the infrastructure bill, executive director of The Blockchain Association, Kristin Smith, described the events as “unfortunate but unsurprising.” “However, this is not the end of the process,” she stated, adding: “The Blockchain Association, our 46 member companies and the newly-energized, nationwide crypto community will rededicate our energy to supporting technology-neutral, pro-crypto legislation and regulation — on this specific tax issue as well as broader crypto policy.”
Source: cointelegraph.com
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
11% Of Young Americans have Invested Their #Stimulus Cheques Into #Crypto: Survey as #US Commits to Passing Crypto #Tax Infrastructure Bill by Sept 27.
Thoughts on the #Cryptomarket 26.08. 2021
#Bitcoin moved in the range of 49260-47120 during the day, with several attempts to gain a foothold above 49K, but did not yet succeed, and at the time of writing the review, the main cryptocurrency is trading around 47,162. Dominance index is at 44.0% and total Crypto Market capitalization of $2.04 Trillion.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.11%, the S&P 500 rose 0.22%, and the NASDAQ rose 0.15%. Gold and silver dipped slightly, oil continues to rise. The dollar index dropped 0.07% to 92.838.
Bitcoin yesterday could not hold above 48K and began to decline, the local minimum to which the price of 47126 at the Binance Exchange bounced from this level and rose above 49K, after which it returned below 48K again, where we are trading at the moment.
Yesterday #cnbc reported that the US treasury will not target non brokers even without crypto tax amendment. As part of the $1 trillion infrastructure bill, will not extend the requirements for tax reporting for those industry players who cannot comply with them, and these are miners, developers, etc. This is a good signal and we mentioned (https://t.me/decryptedge/683) that this law should not be given much importance , the market is already strong and can resolve its own issues.
American banking giant #Citigroup plans to start trading bitcoin futures on the Chicago Mercantile Exchange (CME), and this is the entry into the crypto market of new institutional clients, which will push the price to new highs.
Plan for today. Bitcoin is in the range of 46000-50000, an alternative option is going below 46, in which case we can go to 45-44K.
Lastly, a new study found that one in ten American citizens between the ages of 18 and 34 have invested some of their Covid-19 incentive checks in crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money.
Roughly half of the respondents were found to have funneled their stimulus money into investments broadly — with 15% seeking exposure to stocks, 9% investing in mutual funds, and 6% backing exchange-traded funds (#ETFs). 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 26.08. 2021
#Bitcoin moved in the range of 49260-47120 during the day, with several attempts to gain a foothold above 49K, but did not yet succeed, and at the time of writing the review, the main cryptocurrency is trading around 47,162. Dominance index is at 44.0% and total Crypto Market capitalization of $2.04 Trillion.
Equity markets closed with growth on Wednesday. The Dow Jones rose 0.11%, the S&P 500 rose 0.22%, and the NASDAQ rose 0.15%. Gold and silver dipped slightly, oil continues to rise. The dollar index dropped 0.07% to 92.838.
Bitcoin yesterday could not hold above 48K and began to decline, the local minimum to which the price of 47126 at the Binance Exchange bounced from this level and rose above 49K, after which it returned below 48K again, where we are trading at the moment.
Yesterday #cnbc reported that the US treasury will not target non brokers even without crypto tax amendment. As part of the $1 trillion infrastructure bill, will not extend the requirements for tax reporting for those industry players who cannot comply with them, and these are miners, developers, etc. This is a good signal and we mentioned (https://t.me/decryptedge/683) that this law should not be given much importance , the market is already strong and can resolve its own issues.
American banking giant #Citigroup plans to start trading bitcoin futures on the Chicago Mercantile Exchange (CME), and this is the entry into the crypto market of new institutional clients, which will push the price to new highs.
Plan for today. Bitcoin is in the range of 46000-50000, an alternative option is going below 46, in which case we can go to 45-44K.
Lastly, a new study found that one in ten American citizens between the ages of 18 and 34 have invested some of their Covid-19 incentive checks in crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money.
Roughly half of the respondents were found to have funneled their stimulus money into investments broadly — with 15% seeking exposure to stocks, 9% investing in mutual funds, and 6% backing exchange-traded funds (#ETFs). 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.
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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…
Crypto Market Thoughts 11.08.2021.
During the last 24hrs, Bitcoin moved within the range of…
#Coinbase Hires Former #Facebook exec as Chief Marketing Officer, 5-Star Hotel in #Swiss Alps Starts Accepting #Bitcoin and #Ethereum, as #MorganStanley Discloses Owning 755 #BTC .
Yesterday, Bitcoin moved in the 49350-46250 range. At the time of writing this review, the main cryptocurrency has since recovered and is trading at around $47,158 with a dominance index of 44.2%. Total Crypto Market capitalization seats at $1.9 Trillion.
Equity markets closed lower on Thursday. The Dow Jones fell 0.54%, the S&P 500 lost 0.58%, and the NASDAQ lost 0.64%. Gold and silver rose slightly in price. The dollar index rose 0.25% to 93.067.
On the cryptomarket, everything is according to plan, Bitcoin clearly worked out yesterday's analysis and moved in the designated range. Going to a low price of 46250 on the #Binance exchange and I think that today we will continue the downward movement. We need to unload and do this, preferably at levels 44-42K or even lower, in order to catch up with the hamsters of horror and fear.
The capitalization of the entire market fell below $2 Trillion, altcoins are flying after the main cryptocurrency from the top, only Solana (SOL) is growing, which a few hours ago showed a new ATN for almost 84 dollars.
Plan for today. Bitcoin is in the range of 44000-49000, an alternative option is going below 44K, in which case we can go to 42K.
To some news, the largest bank Morgan Stanley has increased its position in the Grayscale bitcoin trust to 928,051 GBTC shares, with a valuation of over $ 27 million. This news came via a tweet showing major disclosures in a SEC filing reporting MS owning a large amount of Grayscale Bitcoin across multiple portfolios. The largest of these appears to be 928,051 shares held by Morgan's Insight Fund. One follower on the tweet thread wrote: Morgan Stanley "The Adviser seeks long-term capital appreciation by investing primarily in established and emerging companies." LL&P (Live Long & Prosper) #Bitcoin. I tend to agree with him.
Coinbase hires former Facebook CEO Keith Roach as Chief Marketing Officer. As reported by @Cointelegraph Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the #cryptoeconomy.”
Lastly the five-star Chedi Andermatt hotel in the Swiss Alps begins accepting payments in bitcoin and ethereum. The hotel has 123 lavish suites with Hästens boxspring beds. It also offers a Michelin-starred Japanese restaurant, saunas, yoga classes and a fitness center.
When it comes to outdoor activities, the hotel boasts its own golf course, sports center and other facilities. Given that the price of a double room starts from 500 francs ($544), the hotel has made a wise move by catering to the growing number of crypto millionaires.
This was not a spontaneous decision. The hotel has been mulling over accepting cryptocurrencies for four years. As reported by U.Today, the restaurant group of American billionaires announced that restaurant group Landry's would start accepting Bitcoin back in April.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Yesterday, Bitcoin moved in the 49350-46250 range. At the time of writing this review, the main cryptocurrency has since recovered and is trading at around $47,158 with a dominance index of 44.2%. Total Crypto Market capitalization seats at $1.9 Trillion.
Equity markets closed lower on Thursday. The Dow Jones fell 0.54%, the S&P 500 lost 0.58%, and the NASDAQ lost 0.64%. Gold and silver rose slightly in price. The dollar index rose 0.25% to 93.067.
On the cryptomarket, everything is according to plan, Bitcoin clearly worked out yesterday's analysis and moved in the designated range. Going to a low price of 46250 on the #Binance exchange and I think that today we will continue the downward movement. We need to unload and do this, preferably at levels 44-42K or even lower, in order to catch up with the hamsters of horror and fear.
The capitalization of the entire market fell below $2 Trillion, altcoins are flying after the main cryptocurrency from the top, only Solana (SOL) is growing, which a few hours ago showed a new ATN for almost 84 dollars.
Plan for today. Bitcoin is in the range of 44000-49000, an alternative option is going below 44K, in which case we can go to 42K.
To some news, the largest bank Morgan Stanley has increased its position in the Grayscale bitcoin trust to 928,051 GBTC shares, with a valuation of over $ 27 million. This news came via a tweet showing major disclosures in a SEC filing reporting MS owning a large amount of Grayscale Bitcoin across multiple portfolios. The largest of these appears to be 928,051 shares held by Morgan's Insight Fund. One follower on the tweet thread wrote: Morgan Stanley "The Adviser seeks long-term capital appreciation by investing primarily in established and emerging companies." LL&P (Live Long & Prosper) #Bitcoin. I tend to agree with him.
Coinbase hires former Facebook CEO Keith Roach as Chief Marketing Officer. As reported by @Cointelegraph Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the #cryptoeconomy.”
Lastly the five-star Chedi Andermatt hotel in the Swiss Alps begins accepting payments in bitcoin and ethereum. The hotel has 123 lavish suites with Hästens boxspring beds. It also offers a Michelin-starred Japanese restaurant, saunas, yoga classes and a fitness center.
When it comes to outdoor activities, the hotel boasts its own golf course, sports center and other facilities. Given that the price of a double room starts from 500 francs ($544), the hotel has made a wise move by catering to the growing number of crypto millionaires.
This was not a spontaneous decision. The hotel has been mulling over accepting cryptocurrencies for four years. As reported by U.Today, the restaurant group of American billionaires announced that restaurant group Landry's would start accepting Bitcoin back in April.
Wishing you a great day ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Jack Dorsey Discusses Plans to Build a Decentralized Exchange for Bitcoin, Massive Anti-#Bitcoin Protests Fill The Streets of #ElSalvador. #Bitcoin Won't Work in El Salvador!
Thoughts on the market 30.08. 2021
On the weekend, #Bitcoin moved in the range of 49630-47334, with several unsuccessful attempts to gain a foothold above 49K. At the time of writing the review, it is trading around 47,700 with a dominance index of 43.7%. Total Crypto Market capitalization seats at $2.064 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.06%. Asian indices are trading in the green. Gold has subsided a little, oil is growing.
On the crypto market, I still think that the market needs to go to 44K or even 42K for a subsequent confident growth, priority is the downward movement. Plan for today. If Bitcoin cannot return and gain a foothold above 48,000, or better 48,500, then we can continue moving down to 46K. If we leave and consolidate above 48000-48500, then we can expect continued growth to the levels of 49-50K.
To some news, Square CEO #JackDorsey will launch the development of a #decentralized #bitcoin exchange. First announced in July, Square's "TBD" unit is developing a "non-custodial, permissionless, and decentralized financial services" business whose "primary focus is Bitcoin." In a Friday #tweet, Dorsey said that "TBD" — either referring to the fact the business’ name has yet to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin. Source: Cointelegraph.
The political situation in El Salvador worsens as September 7 approaches, when the country will begin accepting bitcoin as legal tender. Massive protests against bitcoins fill the streets of El Salvador. Source: cryptopotato.com/massive-anti-bitcoin-protests-fill-streets-el-salvador/).
This reminds me of a post we did here(https://t.me/decryptedge/568) titled Bitcoin Won't Work in El Salvador back on 8th June. Read it.
With that, wishing you a splendid week ahead and Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
Thoughts on the market 30.08. 2021
On the weekend, #Bitcoin moved in the range of 49630-47334, with several unsuccessful attempts to gain a foothold above 49K. At the time of writing the review, it is trading around 47,700 with a dominance index of 43.7%. Total Crypto Market capitalization seats at $2.064 Trillion.
Stock markets opened higher. At the moment, futures for the S&P 500 are in positive territory and added 0.06%. Asian indices are trading in the green. Gold has subsided a little, oil is growing.
On the crypto market, I still think that the market needs to go to 44K or even 42K for a subsequent confident growth, priority is the downward movement. Plan for today. If Bitcoin cannot return and gain a foothold above 48,000, or better 48,500, then we can continue moving down to 46K. If we leave and consolidate above 48000-48500, then we can expect continued growth to the levels of 49-50K.
To some news, Square CEO #JackDorsey will launch the development of a #decentralized #bitcoin exchange. First announced in July, Square's "TBD" unit is developing a "non-custodial, permissionless, and decentralized financial services" business whose "primary focus is Bitcoin." In a Friday #tweet, Dorsey said that "TBD" — either referring to the fact the business’ name has yet to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin. Source: Cointelegraph.
The political situation in El Salvador worsens as September 7 approaches, when the country will begin accepting bitcoin as legal tender. Massive protests against bitcoins fill the streets of El Salvador. Source: cryptopotato.com/massive-anti-bitcoin-protests-fill-streets-el-salvador/).
This reminds me of a post we did here(https://t.me/decryptedge/568) titled Bitcoin Won't Work in El Salvador back on 8th June. Read it.
With that, wishing you a splendid week ahead and Remember, you must always do your own research. This is not traditional investment or financial advice. #Decryptedge
CryptoPotato
Massive Anti Bitcoin Protests Fill The Streets of El Salvador
Nayib Bukele is preparing for the day that the Bitcoin Law starts to be mandatory, but protests against it are more and more common.
Make or Break for BTC, Thoughts on the market 31.08.2021
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index of 43.0%. Total CryptoMarket capitalization of $2.064 Trillion.
Stock markets opened higher. The Dow Jones fell 0.16%, the S&P 500 rose 0.43%, and the NASDAQ rose 0.90%. Gold fell 0.37% to reach 1.812.85 per troy ounce, while oil rose 0.59% to 72.12 per barrel. The dollar index remained at the same level.
The priority version of yesterday's forecast worked out. Bitcoin could not gain a foothold above 48,000 and began a further decline, the local minimum to which the price of 46,700 on #Binance Exchange reached. This correction has been gradually redeemed and now we are trying to gain a foothold above 47K.
Solana (Sol) showed an increase of 50% in a week and a few minutes ago put another ATH above $ 117, Sol is ranked 8th in the cryptocurrency rating by capitalization, but I think it will be in 7th place today. Rune is another altcoin that is set up for a rally.
Plan for today. #Bitcoin is in the range of 45000-49000, the alternative is going below 45K, in which case we can go to 44K. But remember as long as no daily close for BTC above $55k, and $65k weekly, we are looking for another self-off from $48/51k to 32k maybe lower. My personal opinion,(Biased view, Subject to fail.
Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Bitcoin yesterday moved in the range of 48888-46700 with several attempts to gain a foothold above 48K. At the time of writing this review bitcoin is trading at about 47100 with a dominance index of 43.0%. Total CryptoMarket capitalization of $2.064 Trillion.
Stock markets opened higher. The Dow Jones fell 0.16%, the S&P 500 rose 0.43%, and the NASDAQ rose 0.90%. Gold fell 0.37% to reach 1.812.85 per troy ounce, while oil rose 0.59% to 72.12 per barrel. The dollar index remained at the same level.
The priority version of yesterday's forecast worked out. Bitcoin could not gain a foothold above 48,000 and began a further decline, the local minimum to which the price of 46,700 on #Binance Exchange reached. This correction has been gradually redeemed and now we are trying to gain a foothold above 47K.
Solana (Sol) showed an increase of 50% in a week and a few minutes ago put another ATH above $ 117, Sol is ranked 8th in the cryptocurrency rating by capitalization, but I think it will be in 7th place today. Rune is another altcoin that is set up for a rally.
Plan for today. #Bitcoin is in the range of 45000-49000, the alternative is going below 45K, in which case we can go to 44K. But remember as long as no daily close for BTC above $55k, and $65k weekly, we are looking for another self-off from $48/51k to 32k maybe lower. My personal opinion,(Biased view, Subject to fail.
Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.