Former #US president calls #crypto a 'disaster waiting to happen' Thoughts on the market 1.09.2021
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review, the main cryptocurrency is trading around 47100 with a dominance index of 42.3%. Total Crypto Market capitalization is at $2.09Trillion.
The #stock market ended Tuesday trading with a fall. The Dow Jones fell 0.11%, the S&P 500 fell 0.13%, and the NASDAQ fell 0.04%. The Volatility Index, which is based on S&P 500 options trading, was up 1.79% to 16.48. Gold is showing slight growth, oil is getting cheaper. The dollar index rose 0.02% to 92.668.
On the #cryptomarket, the priority version of yesterday's analysis worked out and we did not go beyond the specified range. True, we expected Bitcoin a little lower, a price of 46512 was registered on #Binance Exchange, which will now act as a key support.
Altcoins have shown steady growth, the dominance index continues to fall, which means the altcoins will continue to shoot, showing new highs.
The short-term plan is as follows, now we are waiting for a test support at 44-42K, and then a reversal and movement to new highs.
Plan for today. If Bitcoin cannot keep the support level at 46500, then the next stop is 45500-45000, if we go lower, then we go to 44-42K (it's time to do this). If we fix above 47K, then there is an opportunity for growth to 48K and above.
To some news, the US Treasury will require cryptocurrency exchanges to report information on assets and transactions of foreign clients.
Former US President Donald #Trump has called #cryptocurrency a catastrophe waiting in the wings. In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the #WallStreet markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the latter question, the former president stated: “I like the currency of the United States, but I think the others are potentially a disaster waiting to happen.” He continued:
“They [cryptocurrencies] may be fake. Who knows what they are? They are certainly something that people don’t know very much about.”
He also spoke on protecting the sovereignty of the U.S. dollar as the first priority, rather than advancing the stagnant financial system and grasping the overwhelming benefits that crypto and blockchain technologies have to offer. Source: Cointelegraph.
At this point I suppose who you better listen to. Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review, the main cryptocurrency is trading around 47100 with a dominance index of 42.3%. Total Crypto Market capitalization is at $2.09Trillion.
The #stock market ended Tuesday trading with a fall. The Dow Jones fell 0.11%, the S&P 500 fell 0.13%, and the NASDAQ fell 0.04%. The Volatility Index, which is based on S&P 500 options trading, was up 1.79% to 16.48. Gold is showing slight growth, oil is getting cheaper. The dollar index rose 0.02% to 92.668.
On the #cryptomarket, the priority version of yesterday's analysis worked out and we did not go beyond the specified range. True, we expected Bitcoin a little lower, a price of 46512 was registered on #Binance Exchange, which will now act as a key support.
Altcoins have shown steady growth, the dominance index continues to fall, which means the altcoins will continue to shoot, showing new highs.
The short-term plan is as follows, now we are waiting for a test support at 44-42K, and then a reversal and movement to new highs.
Plan for today. If Bitcoin cannot keep the support level at 46500, then the next stop is 45500-45000, if we go lower, then we go to 44-42K (it's time to do this). If we fix above 47K, then there is an opportunity for growth to 48K and above.
To some news, the US Treasury will require cryptocurrency exchanges to report information on assets and transactions of foreign clients.
Former US President Donald #Trump has called #cryptocurrency a catastrophe waiting in the wings. In an interview with Fox Business released on Tuesday, former United States President Donald Trump was questioned about his views on the health of the #WallStreet markets, the current administration's progress and the potential of Bitcoin (BTC) and the cryptocurrency market. In response to the latter question, the former president stated: “I like the currency of the United States, but I think the others are potentially a disaster waiting to happen.” He continued:
“They [cryptocurrencies] may be fake. Who knows what they are? They are certainly something that people don’t know very much about.”
He also spoke on protecting the sovereignty of the U.S. dollar as the first priority, rather than advancing the stagnant financial system and grasping the overwhelming benefits that crypto and blockchain technologies have to offer. Source: Cointelegraph.
At this point I suppose who you better listen to. Wishing you a great afternoon ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
#Cryptocurrencies now Recognized Under Commercial #Law in #Texas, #Binance #CEO says #US crypto #exchange will go Public in 3 years While #Australia, #Singapore, #Malaysia and #SouthAfrica Launch Joint #CBDC Pilot.
Thoughts on the market 3.09.2021
Yesterday, Bitcoin moved in the range of 50450-48300. An attempt to gain a foothold above 50K did not lead to success and Bitcoin went down. At the time of writing this review, the main cryptocurrency has since broken through the 50k resistance now trading for $50,317. The test now is to hold above this level. Total Crypto market capitalization is at $2.240 Trillion, and BTC dominance index at 41.7%.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.37%, the S&P 500 rose 0.28%, and the NASDAQ rose 0.14%. Gold and silver dipped slightly, oil continues to rise. The dollar index was down 0.25% to 92.222.
On the #cryptomarket, the psychological level of 50K is now done. Back in August, we mentioned here that for a breakthrough to historical highs, it is important for us to break through the decisive resistance at 51K, and then we can confidently talk about a trend change. Failure to break above this level will lead us to further consolidation and continuation of the #altseason. So we are not out of the woods yet.
Plan for today. If we can stay above 50K level, then 51K is already close. Going below 48K will bring us back to 46K and this will be an alternative option.
To some news, #Cryptocurrencies are now recognized by commercial law in Texas. On September 1, the state of Texas entered into force a law allowing the adaptation of commercial law to blockchain and cryptocurrencies. Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.
Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law. Source:cointelegraph.com
As #ElSalvador is set to make history by becoming the first country in the world to adopt Bitcoin as its official currency. However, the vast majority of the population is not happy about the initiative. According to a recent poll conducted by IudopUCA, 7 in 10 Salvadorans want President Nayib Bukele's Bitcoin law repealed and abolished. Source:u.today.
#Binance CEO and Founder Changpeng Zhao said the US-based Binance.US unit plans to go public in 2024. Source). Just reminded me of a post back on 24 April 2021(https://t.me/decryptedge/457) Now a fact with dates on the same. Zhao said on Wednesday in an interview with tech publication The Information. He is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance.US will move toward a public listing in three years. “Binance.US is just going to do what Coinbase did,” Zhao stated. He said that Binance generated $800 million–$1 billion in profit last year.
Lastly, Australia, Singapore, Malaysia and #SouthAfrica are launching a joint CBDC pilot project to enable institutions to conduct cross-border transactions using central bank digital currencies. The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments. Source: cointelegraph.com
Where is my dear country Kenya,?? We shall endeavor to do our best as #decryptedge to lobby on the same. For now, wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Thoughts on the market 3.09.2021
Yesterday, Bitcoin moved in the range of 50450-48300. An attempt to gain a foothold above 50K did not lead to success and Bitcoin went down. At the time of writing this review, the main cryptocurrency has since broken through the 50k resistance now trading for $50,317. The test now is to hold above this level. Total Crypto market capitalization is at $2.240 Trillion, and BTC dominance index at 41.7%.
The stock market ended Thursday trading with growth. The Dow Jones rose 0.37%, the S&P 500 rose 0.28%, and the NASDAQ rose 0.14%. Gold and silver dipped slightly, oil continues to rise. The dollar index was down 0.25% to 92.222.
On the #cryptomarket, the psychological level of 50K is now done. Back in August, we mentioned here that for a breakthrough to historical highs, it is important for us to break through the decisive resistance at 51K, and then we can confidently talk about a trend change. Failure to break above this level will lead us to further consolidation and continuation of the #altseason. So we are not out of the woods yet.
Plan for today. If we can stay above 50K level, then 51K is already close. Going below 48K will bring us back to 46K and this will be an alternative option.
To some news, #Cryptocurrencies are now recognized by commercial law in Texas. On September 1, the state of Texas entered into force a law allowing the adaptation of commercial law to blockchain and cryptocurrencies. Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.
Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law. Source:cointelegraph.com
As #ElSalvador is set to make history by becoming the first country in the world to adopt Bitcoin as its official currency. However, the vast majority of the population is not happy about the initiative. According to a recent poll conducted by IudopUCA, 7 in 10 Salvadorans want President Nayib Bukele's Bitcoin law repealed and abolished. Source:u.today.
#Binance CEO and Founder Changpeng Zhao said the US-based Binance.US unit plans to go public in 2024. Source). Just reminded me of a post back on 24 April 2021(https://t.me/decryptedge/457) Now a fact with dates on the same. Zhao said on Wednesday in an interview with tech publication The Information. He is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance.US will move toward a public listing in three years. “Binance.US is just going to do what Coinbase did,” Zhao stated. He said that Binance generated $800 million–$1 billion in profit last year.
Lastly, Australia, Singapore, Malaysia and #SouthAfrica are launching a joint CBDC pilot project to enable institutions to conduct cross-border transactions using central bank digital currencies. The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments. Source: cointelegraph.com
Where is my dear country Kenya,?? We shall endeavor to do our best as #decryptedge to lobby on the same. For now, wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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Cryptocurrency Giant Binance.US Hires Former Top Bank Regulator. Thoughts on the market on 21.04.2021.
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Bitcoin moved in the range of $53300-57100 during the day. Corrections below 54K were quickly bought back, now we are trying to gain a foothold above…
#Shop.com now Accepts #Bitcoin Payments After Partnership with BitPay as #Indian #Govt Wants to Define #Cryptocurrencies as #Commodities: Report
Thoughts on the market 4.09.2021
Yesterday, #Bitcoin moved in the 48300-51000 range. At the time of writing this review, the main cryptocurrency is trading at around 49,880, BTC dominance index 41.5% and total #cryptomarket capitalization $2.278 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones fell 0.21%, the S&P 500 lost 0.03%, and the NASDAQ rose 0.21%. Gold is rising, oil is falling, the dollar index fell 0.09% to 92.142.
Yesterday's priority version of our review worked out, Bitcoin held above $48K, passed the resistance area at 50K and even touched 51000. It was not yet possible to break through and gain a foothold above the decisive resistance at 51K, everything ended with a rebound to 49K, but there will still be attempts at the weekend.
Altcoins continue to renew their highs, the dominance index is falling, Ethereum returned above 4K for the first time since May, showing a local high at 4027 on @Binance), $345 shot off it's all-time high.
This weekend I expect Bitcoin in the range of 48000-52000. An alternative option is Bitcoin correction below 48K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
American e-commerce platform Shop.com begins accepting payments in bitcoin and ether following a partnership with #BitPay. Describing the partnership as the next chapter in doing business, Shop.com president and chief operating officer Steve Ashley said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore and Malaysia.Source:cointelegraph.com
India plans to develop a new bill that seeks to segregate cryptocurrencies as commodities based on use cases such as payments as investments or utilities. According to an ET report, (Economic Times) the new draft bill is expected to be tabled in the Parliament’s next winter session that will look into defining cryptocurrencies as an asset/commodity for all purposes including taxation. “The government in its draft bill is working towards defining cryptocurrency and its treatment in various use cases, so that it can be treated correctly in the books of accounts plus it should be taxed in the right manner. It is not looking to allow payments and settlements through virtual currencies,” a source familiar with the matter said.
However, the government is not in the favor of allowing cryptocurrencies as payments and settlements. Only those cryptocurrencies will be allowed to trade that has been approved by the Indian government. “Crypto-assets can be either categorized on the basis of the technology they use or they can be defined on their end-use. So, before talking about how the regulations should work, the government has to spell out what it means by cryptocurrencies.” Source:cryptoknowmics.com
Wishing you a great weekend ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 4.09.2021
Yesterday, #Bitcoin moved in the 48300-51000 range. At the time of writing this review, the main cryptocurrency is trading at around 49,880, BTC dominance index 41.5% and total #cryptomarket capitalization $2.278 Trillion.
The stock market finished trading on Friday in different directions. The Dow Jones fell 0.21%, the S&P 500 lost 0.03%, and the NASDAQ rose 0.21%. Gold is rising, oil is falling, the dollar index fell 0.09% to 92.142.
Yesterday's priority version of our review worked out, Bitcoin held above $48K, passed the resistance area at 50K and even touched 51000. It was not yet possible to break through and gain a foothold above the decisive resistance at 51K, everything ended with a rebound to 49K, but there will still be attempts at the weekend.
Altcoins continue to renew their highs, the dominance index is falling, Ethereum returned above 4K for the first time since May, showing a local high at 4027 on @Binance), $345 shot off it's all-time high.
This weekend I expect Bitcoin in the range of 48000-52000. An alternative option is Bitcoin correction below 48K. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
American e-commerce platform Shop.com begins accepting payments in bitcoin and ether following a partnership with #BitPay. Describing the partnership as the next chapter in doing business, Shop.com president and chief operating officer Steve Ashley said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore and Malaysia.Source:cointelegraph.com
India plans to develop a new bill that seeks to segregate cryptocurrencies as commodities based on use cases such as payments as investments or utilities. According to an ET report, (Economic Times) the new draft bill is expected to be tabled in the Parliament’s next winter session that will look into defining cryptocurrencies as an asset/commodity for all purposes including taxation. “The government in its draft bill is working towards defining cryptocurrency and its treatment in various use cases, so that it can be treated correctly in the books of accounts plus it should be taxed in the right manner. It is not looking to allow payments and settlements through virtual currencies,” a source familiar with the matter said.
However, the government is not in the favor of allowing cryptocurrencies as payments and settlements. Only those cryptocurrencies will be allowed to trade that has been approved by the Indian government. “Crypto-assets can be either categorized on the basis of the technology they use or they can be defined on their end-use. So, before talking about how the regulations should work, the government has to spell out what it means by cryptocurrencies.” Source:cryptoknowmics.com
Wishing you a great weekend ahead, remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Onward and Upward Bitcoin at $100,000, $5,000 Ethereum Is Path of Least Resistance. Thoughts on the market 06.06. 2021
Over the weekend #Bitcoin moved in the 49450-51950 range. An attempt to break through the resistance at 52K has not yielded results yet. At the time of this writing, the main cryptocurrency is trading around 51,600 with a BTC dominance index of 41.6%. Total Crypto Market capitalization of $2.33 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold and oil are falling.
Everything is fine on the crypto market. Bitcoin clearly worked out the Saturday’s review and moved in the specified range. We were able to overcome the resistance at 51K and went further, but there was not enough strength at 52K and profit taking began from this high.
The weekly candlestick was closed above 51K at 51900 (Binance), the main support is now the level of 50600, and if today we can hold above this level, then we will most likely go to the storm of 52 and 53K.
For today’s outlook, the priority option is the movement of the main cryptocurrency in the range of 49500-53000, if there is no FUD. An alternative option is to go below 49500, which will bring us back to the level at 48000. You may find some good prospects with AST.(Airswap). Check it out if you can.. The set up looks good for a rally.
Lastly, #Bloomberg Senior Commodities Strategist Mike McGlone considers Bitcoin a global reserve asset on its way to $ 100K. And investment portfolios, which include only gold and bonds, seem inferior without the addition of Bitcoin and Ether. A source. : Bloomberg Crypto Outlook September 2021. If you are interested in this report let me know.
Remember, this not financial advice, analysis and crypto market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏.
Over the weekend #Bitcoin moved in the 49450-51950 range. An attempt to break through the resistance at 52K has not yielded results yet. At the time of this writing, the main cryptocurrency is trading around 51,600 with a BTC dominance index of 41.6%. Total Crypto Market capitalization of $2.33 Trillion.
Stock markets opened in different directions. At the moment, futures for the S&P 500 are in a slight minus, Asian indices also show multidirectional dynamics, gold and oil are falling.
Everything is fine on the crypto market. Bitcoin clearly worked out the Saturday’s review and moved in the specified range. We were able to overcome the resistance at 51K and went further, but there was not enough strength at 52K and profit taking began from this high.
The weekly candlestick was closed above 51K at 51900 (Binance), the main support is now the level of 50600, and if today we can hold above this level, then we will most likely go to the storm of 52 and 53K.
For today’s outlook, the priority option is the movement of the main cryptocurrency in the range of 49500-53000, if there is no FUD. An alternative option is to go below 49500, which will bring us back to the level at 48000. You may find some good prospects with AST.(Airswap). Check it out if you can.. The set up looks good for a rally.
Lastly, #Bloomberg Senior Commodities Strategist Mike McGlone considers Bitcoin a global reserve asset on its way to $ 100K. And investment portfolios, which include only gold and bonds, seem inferior without the addition of Bitcoin and Ether. A source. : Bloomberg Crypto Outlook September 2021. If you are interested in this report let me know.
Remember, this not financial advice, analysis and crypto market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏.
Too risky? Or worth a try? #Elsalvador is the 1st country to make #bitcoin legal tender. Here's a smart piece from @RafaelRomoCNN on why El Salvador thinks this is one way to alleviate poverty. Crypto Jobs on Offer Too.
Thoughts on the market 07.09.2021
#Bitcoin continued its growth during the day, attaining a high of $52920 on the Binance Exchange. As of this writing, the main cryptocurrency is trading around 52,600 with a total Crypto Market capitalization of $2.37 Trillion, and BTC dominance index of 41.7%
Equity markets finished trading on Monday in different directions. At the moment, futures for the S&P 500 are in a slight uptrend, Asian indices show multidirectional dynamics, gold and oil continue to fall.
The crypto market continues to grow. Bitcoin perfectly fulfilled yesterday's analysis and clearly moved in the specified range. The level of 52000 was broken and we went to storm 53000, but before reaching a few dozen points, a sell off began, and now we are gathering strength for a new leap to 53K.
With the growing dominance index, which is already 41.9%, altcoins are holding up quite well, I would like to separately note the merits of Solana, which since yesterday showed an increase of more than 25% and apparently is not even going to stop. Rightly mentioned it's now No.7 ranking on market capitalization (https://t.me/decryptedge/720) With such growth rates, (XRP)Ripple can soon rally, as was the case with Dogecoin a few days ago.
A new law comes into force in El Salvador today that will make cryptocurrency legal tender. El Salvador President Nayib Bukele has already confirmed that his government has acquired the first 200 BTC for the $ 150 million fund, and that companies that refuse to make bitcoin transactions and use the Chivo national wallet will face sanctions under the Consumer Protection Act. I am more certain that El Salvador will do well and will do all possible that this never fails, as a fast mover on the push for the adoption of cryptocurrency in other countries.
Otherwise, everything is according to plan. New players enter the market, accumulation continues, the dollar index loses strength, and the cue ball begins to move to highs. On a cautionary view expect a small correction in the near future.
For today Bitcoin is in the range of 50,000-54000, an alternative option is going below 50K, in which case we will return to the levels at 49-48K.
President of Ukraine Volodymyr Zelenskyy, at a meeting with investors in Silicon Valley, said that the launch of a legal market for virtual assets is one of the priorities for the development of the country's digital economy. A source. President.gov.ua
The international rating agency Moody’s has posted a vacancy for a specialist in the field of cryptocurrencies and DeFi. A source: LinkedIn (https://www.linkedin.com/jobs/view/2704870457/) Moody's (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. With 11,000 employees in more than 40 countries. If interested, apply on the link above.
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 market 07.09.2021
#Bitcoin continued its growth during the day, attaining a high of $52920 on the Binance Exchange. As of this writing, the main cryptocurrency is trading around 52,600 with a total Crypto Market capitalization of $2.37 Trillion, and BTC dominance index of 41.7%
Equity markets finished trading on Monday in different directions. At the moment, futures for the S&P 500 are in a slight uptrend, Asian indices show multidirectional dynamics, gold and oil continue to fall.
The crypto market continues to grow. Bitcoin perfectly fulfilled yesterday's analysis and clearly moved in the specified range. The level of 52000 was broken and we went to storm 53000, but before reaching a few dozen points, a sell off began, and now we are gathering strength for a new leap to 53K.
With the growing dominance index, which is already 41.9%, altcoins are holding up quite well, I would like to separately note the merits of Solana, which since yesterday showed an increase of more than 25% and apparently is not even going to stop. Rightly mentioned it's now No.7 ranking on market capitalization (https://t.me/decryptedge/720) With such growth rates, (XRP)Ripple can soon rally, as was the case with Dogecoin a few days ago.
A new law comes into force in El Salvador today that will make cryptocurrency legal tender. El Salvador President Nayib Bukele has already confirmed that his government has acquired the first 200 BTC for the $ 150 million fund, and that companies that refuse to make bitcoin transactions and use the Chivo national wallet will face sanctions under the Consumer Protection Act. I am more certain that El Salvador will do well and will do all possible that this never fails, as a fast mover on the push for the adoption of cryptocurrency in other countries.
Otherwise, everything is according to plan. New players enter the market, accumulation continues, the dollar index loses strength, and the cue ball begins to move to highs. On a cautionary view expect a small correction in the near future.
For today Bitcoin is in the range of 50,000-54000, an alternative option is going below 50K, in which case we will return to the levels at 49-48K.
President of Ukraine Volodymyr Zelenskyy, at a meeting with investors in Silicon Valley, said that the launch of a legal market for virtual assets is one of the priorities for the development of the country's digital economy. A source. President.gov.ua
The international rating agency Moody’s has posted a vacancy for a specialist in the field of cryptocurrencies and DeFi. A source: LinkedIn (https://www.linkedin.com/jobs/view/2704870457/) Moody's (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. With 11,000 employees in more than 40 countries. If interested, apply on the link above.
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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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…
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…
Republic of #Panama Introduces Bill for Regulating #Crypto as #McDonald's now accepts Bitcoins, But Only in El Salvador.
Thoughts on the market 9.08. 2021.
Yesterday evening, Bitcoin lost support at 50K, going down to a low of 42843 on #Binance Exchange. This correction is gradually being redeemed and now Bitcoin is trading at about 46300. With a Crypto Market capitalization of $2.07 Trillion, BTC dominance index at 42.0%
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.76%, the S&P 500 fell 0.34%, and the NASDAQ rose 0.07%. Gold fell 2.07%. The dollar index rose 0.56% to 92.552.
An alternative version of yesterday's review worked out. Bitcoin failed to hold above the key support level of 50K and moved to a decline, the minimum was set at 42843. Altcoins followed the main cryptocurrency, some lost 20 percent or more, and the market capitalization fell below two trillion.
This correction happened right on the day when El Salvador recognized #Bitcoin as legal tender. Yesterday I warned about such a correction, and a test of 42K level on September 1.(https://t.me/decryptedge/722) Also, on August 30. Such a correction should not have come as a surprise. We grew too quickly and it was extremely important for us to unload, and now nothing prevents us from testing new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44K, in which case we will return to the levels at 43-42K.
To some news, McDonald's now accepts bitcoins, but only in El Salvador, after the country officially recognized cryptocurrency as legal tender. Shared via a Tweet by Aaron van Wirdum @AaronvanW who wrote “Just walked into a #McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh(to be honest) fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with #Lightning invoice, and now I'm enjoying my traditional desayuno! Besides this the real news is El Salvador Banks will be regulatorily holding government subsidized BTC. That is the real news.
Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH). On Monday, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.” Announcing the news on Twitter, Panamanian pro-crypto congressman Gabriel Silva stressed that the new legal initiative has the potential to generate thousands of jobs, create new investment sources, as well as make the government “more transparent.” In contrast to the government of El Salvador, which has required local businesses to accept Bitcoin in exchange for goods or services alongside the United States dollar, Panama’s new crypto bill does not intend to force obligatory Bitcoin acceptance. Instead, the legislation calls to establish freedom to use cryptocurrencies like Bitcoin and Ether in Panama, local TV network Telemetro reported.Source: cointelegraph.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
Thoughts on the market 9.08. 2021.
Yesterday evening, Bitcoin lost support at 50K, going down to a low of 42843 on #Binance Exchange. This correction is gradually being redeemed and now Bitcoin is trading at about 46300. With a Crypto Market capitalization of $2.07 Trillion, BTC dominance index at 42.0%
Equity markets finished trading on Tuesday in different directions. The Dow Jones fell 0.76%, the S&P 500 fell 0.34%, and the NASDAQ rose 0.07%. Gold fell 2.07%. The dollar index rose 0.56% to 92.552.
An alternative version of yesterday's review worked out. Bitcoin failed to hold above the key support level of 50K and moved to a decline, the minimum was set at 42843. Altcoins followed the main cryptocurrency, some lost 20 percent or more, and the market capitalization fell below two trillion.
This correction happened right on the day when El Salvador recognized #Bitcoin as legal tender. Yesterday I warned about such a correction, and a test of 42K level on September 1.(https://t.me/decryptedge/722) Also, on August 30. Such a correction should not have come as a surprise. We grew too quickly and it was extremely important for us to unload, and now nothing prevents us from testing new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44K, in which case we will return to the levels at 43-42K.
To some news, McDonald's now accepts bitcoins, but only in El Salvador, after the country officially recognized cryptocurrency as legal tender. Shared via a Tweet by Aaron van Wirdum @AaronvanW who wrote “Just walked into a #McDonald's in San Salvador to see if I could pay for my breakfast with bitcoin, tbh(to be honest) fully expecting to be told no. But low and behold, they printed a ticket with QR that took me to a webpage with #Lightning invoice, and now I'm enjoying my traditional desayuno! Besides this the real news is El Salvador Banks will be regulatorily holding government subsidized BTC. That is the real news.
Amid Bitcoin (BTC) becoming legal tender in El Salvador, another country in Central America is progressing on its way to enable freedom to use cryptocurrencies like BTC and Ether (ETH). On Monday, the Republic of Panama introduced a bill on regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.” Announcing the news on Twitter, Panamanian pro-crypto congressman Gabriel Silva stressed that the new legal initiative has the potential to generate thousands of jobs, create new investment sources, as well as make the government “more transparent.” In contrast to the government of El Salvador, which has required local businesses to accept Bitcoin in exchange for goods or services alongside the United States dollar, Panama’s new crypto bill does not intend to force obligatory Bitcoin acceptance. Instead, the legislation calls to establish freedom to use cryptocurrencies like Bitcoin and Ether in Panama, local TV network Telemetro reported.Source: cointelegraph.
Wishing you a blessed day ahead, and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge,
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Former #US president calls #crypto a 'disaster waiting to happen' Thoughts on the market 1.09.2021
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review…
Yesterday, #Bitcoin moved in the 48250-46500 range. All attempts to gain a foothold above 48K have not been successful, and at the time of writing the review…
#Ukraine Becomes the Latest Country to Legalise #Bitcoin and #Cryptocurrencies.
Thoughts on the market 10.09. 2021
Yesterday, Bitcoin was in the 45510-47400 range. Corrections to 45K were quickly redeemed and Bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 46400, with BTC dominance index of 41.0% and total crypto market capitalization of $2.14 Trillion,
Equity markets closed lower on Wednesday. The Dow Jones dropped 0.43%, hitting a monthly low, the S&P 500 lost 0.46%, and the NASDAQ lost 0.25%. Gold Futures for December delivery was up 0.15% to 1.796.25 a troy ounce. The dollar index dropped 0.13% to 92.525.
Nothing has changed much on the cryptomarket oscillating in the same range. Yesterday there were several attempts to gain a foothold above 47K, but ended in a sell off, to a low price of 45513 on the Binance Exchange.
I think that a short sideways trend awaits us now, perhaps from several days to a week, and then up again and another retrace to 40-37K, but this will not change the mid-term perspective. Pay attention to the dollar index, if it goes up - bitcoin falls and vice versa. As soon as the dollar starts to fall towards 91-90 we will see very fast growth and new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44000, in which case we can go to 42-40K. Remember and will keep reminding us as long as BTC does not close above 55/65 Daily/weekly we are not out of the woods.
Lastly to some news, Ukraine has legalized cryptocurrency in its new law on virtual assets. In the first reading, Ukraine MPs adopted the bill in December 2020. Virtual assets are defined as an intangible good that is subject to civil rights, has a value and is expressed in a collection of data in electronic form. Financial virtual assets must be issued by residents of Ukraine and secured by currency values or securities or derivatives, the law says. The definition of concepts should solve the problem of accounting for cryptoassets on the balance sheet for business, the authors calculate. The document clearly indicates that virtual assets are not a means of payment on the territory of Ukraine and cannot be exchanged for property / goods, works or services. The NBU insisted on this, in particular, when preparing the document. “We have no questions about the text of the law,” Deputy Chairman of the National Bank Alexei Shaban told Forbes. Source.
Ukraine is the fifth country in as many weeks to set up ground rules for digital currencies following El Salvador’s move to adopt Bitcoin as legal tender.
Put simply, the law will protect the owners of virtual assets and exchange platforms from fraud. Cryptocurrencies in Ukraine have long been in a grey area, being neither legal nor forbidden due to a lack of existing laws that defined them and their usage. Back in December 2020 a crypto exchange EXMO was hacked and $10.5 million lost(https://t.me/decryptedge/140) and the Gov vowed to take action.
There is a growing number of governments trying to regulate cryptocurrencies. Besides Ukraine and El Salvador, Cuba and Germany have also made strides. Panama could be the next country to regulate cryptos as it is currently considering a draft law. Source: euronews.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 market 10.09. 2021
Yesterday, Bitcoin was in the 45510-47400 range. Corrections to 45K were quickly redeemed and Bitcoin moved to growth. At the time of writing this review, the main cryptocurrency is trading at around 46400, with BTC dominance index of 41.0% and total crypto market capitalization of $2.14 Trillion,
Equity markets closed lower on Wednesday. The Dow Jones dropped 0.43%, hitting a monthly low, the S&P 500 lost 0.46%, and the NASDAQ lost 0.25%. Gold Futures for December delivery was up 0.15% to 1.796.25 a troy ounce. The dollar index dropped 0.13% to 92.525.
Nothing has changed much on the cryptomarket oscillating in the same range. Yesterday there were several attempts to gain a foothold above 47K, but ended in a sell off, to a low price of 45513 on the Binance Exchange.
I think that a short sideways trend awaits us now, perhaps from several days to a week, and then up again and another retrace to 40-37K, but this will not change the mid-term perspective. Pay attention to the dollar index, if it goes up - bitcoin falls and vice versa. As soon as the dollar starts to fall towards 91-90 we will see very fast growth and new highs.
Plan for today. Bitcoin is in the range of 44000-48000, an alternative option is going below 44000, in which case we can go to 42-40K. Remember and will keep reminding us as long as BTC does not close above 55/65 Daily/weekly we are not out of the woods.
Lastly to some news, Ukraine has legalized cryptocurrency in its new law on virtual assets. In the first reading, Ukraine MPs adopted the bill in December 2020. Virtual assets are defined as an intangible good that is subject to civil rights, has a value and is expressed in a collection of data in electronic form. Financial virtual assets must be issued by residents of Ukraine and secured by currency values or securities or derivatives, the law says. The definition of concepts should solve the problem of accounting for cryptoassets on the balance sheet for business, the authors calculate. The document clearly indicates that virtual assets are not a means of payment on the territory of Ukraine and cannot be exchanged for property / goods, works or services. The NBU insisted on this, in particular, when preparing the document. “We have no questions about the text of the law,” Deputy Chairman of the National Bank Alexei Shaban told Forbes. Source.
Ukraine is the fifth country in as many weeks to set up ground rules for digital currencies following El Salvador’s move to adopt Bitcoin as legal tender.
Put simply, the law will protect the owners of virtual assets and exchange platforms from fraud. Cryptocurrencies in Ukraine have long been in a grey area, being neither legal nor forbidden due to a lack of existing laws that defined them and their usage. Back in December 2020 a crypto exchange EXMO was hacked and $10.5 million lost(https://t.me/decryptedge/140) and the Gov vowed to take action.
There is a growing number of governments trying to regulate cryptocurrencies. Besides Ukraine and El Salvador, Cuba and Germany have also made strides. Panama could be the next country to regulate cryptos as it is currently considering a draft law. Source: euronews.com/
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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Should I buy Bitcoin right now? Thoughts on the market on 22.12.2020:
#Bitcoin tested the lower border of the trading range during the last 24 hrs, reaching lows below 22K. The correction was brought back and the price returned to 22800-23000, where it…
#Bitcoin tested the lower border of the trading range during the last 24 hrs, reaching lows below 22K. The correction was brought back and the price returned to 22800-23000, where it…
5 Typical & Common Mistakes in Cryptocurrency Investing You Should Avoid.
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48% of #Brazilians, Want Bitcoin Adopted as its Official currency, While The Mexico Central Bank Chief says Bitcoin is Barter, not Money.
Thoughts on the market 12.09. 2021
#Bitcoin was in the range of 44130-47030 during the day. At the time of this writing, the main cryptocurrency is trading around 46,100. Total Market capitalization of $2.24 Trillion, dominance index of 40.78%. Seems we headed to 3X.XX levels. See note on this.
Equity markets closed Friday with a drop. The Dow Jones fell 0.78% to hit a monthly low, the S&P 500 dropped 0.77%, and the NASDAQ dropped 0.87%. Gold and silver have continued their decline, oil is growing. The dollar index rose 0.16% to 92.632.
On the cryptomarket, the priority version of Friday's analysis worked out. We continue to move in the 45000-47000 trading range, where 47K is still the main resistance, a breakdown and consolidation above which will open the way to 50K. Note: On the bitcoin dominance index, last time we touched to 3X.XX levels we saw BTC price move from 6k to 9k before the drop to a bottom of 3k.
On Thursday we talked about how BTC movement in lateral direction can be from several days to several weeks. After such a growth, the market needs time to recover, and if we still go below 44K. I advise you to use such a gift to build up your positions.
So Bitcoin in the range of 44000-47000. An alternative option is a correction below 44K, in which case another 43-42K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Bank of Mexico Governor Alejandro Diaz de Leon said that Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central bank chief said on Thursday, calling it a high-risk investment and a poor store of value.Governor Alejandro Diaz de Leon's comments suggest Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender. "Whoever receives bitcoin in exchange for a good or service, we believe that (transaction) is more akin to bartering because that person is exchanging a good for a good, but not really money for a good," said Diaz de Leon.
"In our times, money has evolved to be fiat money issued by central banks," he said. "Bitcoin is more like a dimension of precious metals than daily legal tender." Source ; Reuters.
Evidently he needs to update his knowledge and understanding on money and currency, I believe he knows just cajoling and telling mexicans what they need to hear to protect the status quo.
Lastly, according to a new poll, 48% of Brazilians want to make bitcoin the official currency in the country, following the lead of El Salvador. Source: valorinveste.globo.com.
The tide is changing sooner than I thought.
Have a blessed Sunday ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 12.09. 2021
#Bitcoin was in the range of 44130-47030 during the day. At the time of this writing, the main cryptocurrency is trading around 46,100. Total Market capitalization of $2.24 Trillion, dominance index of 40.78%. Seems we headed to 3X.XX levels. See note on this.
Equity markets closed Friday with a drop. The Dow Jones fell 0.78% to hit a monthly low, the S&P 500 dropped 0.77%, and the NASDAQ dropped 0.87%. Gold and silver have continued their decline, oil is growing. The dollar index rose 0.16% to 92.632.
On the cryptomarket, the priority version of Friday's analysis worked out. We continue to move in the 45000-47000 trading range, where 47K is still the main resistance, a breakdown and consolidation above which will open the way to 50K. Note: On the bitcoin dominance index, last time we touched to 3X.XX levels we saw BTC price move from 6k to 9k before the drop to a bottom of 3k.
On Thursday we talked about how BTC movement in lateral direction can be from several days to several weeks. After such a growth, the market needs time to recover, and if we still go below 44K. I advise you to use such a gift to build up your positions.
So Bitcoin in the range of 44000-47000. An alternative option is a correction below 44K, in which case another 43-42K test is possible. Do not forget that on the thin weekend market, movements by a couple of thousand points in any direction are possible.
Bank of Mexico Governor Alejandro Diaz de Leon said that Bitcoin is more like a means of barter than "evolved" fiat money, Mexico's central bank chief said on Thursday, calling it a high-risk investment and a poor store of value.Governor Alejandro Diaz de Leon's comments suggest Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender. "Whoever receives bitcoin in exchange for a good or service, we believe that (transaction) is more akin to bartering because that person is exchanging a good for a good, but not really money for a good," said Diaz de Leon.
"In our times, money has evolved to be fiat money issued by central banks," he said. "Bitcoin is more like a dimension of precious metals than daily legal tender." Source ; Reuters.
Evidently he needs to update his knowledge and understanding on money and currency, I believe he knows just cajoling and telling mexicans what they need to hear to protect the status quo.
Lastly, according to a new poll, 48% of Brazilians want to make bitcoin the official currency in the country, following the lead of El Salvador. Source: valorinveste.globo.com.
The tide is changing sooner than I thought.
Have a blessed Sunday ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
It’s Time To End The SEC’s “Clarity” Charade On Crypto as #Bitcoin has registered Block No.700,000 since 2009.
Thoughts on the market 13.09. 2021
#Bitcoin on the weekend moved in the range of 44720-46460. Today it has already dropped to a low of $44480 on the Binance Exchange. At the time of writing this review, it's trading at around 44,600. Total Crypto Market capitalization now at $2.042 Trillion, dominance index 41.2%
Stock markets opened in different directions. At the moment, S&P 500 futures are slightly up 0.17%, Asian indices are in the red, gold and oil are showing gains. More information about the markets will be on our stock channel.
Bitcoin worked out the priority version of the weekend analysis and moved in the specified range. Lateral movement continues, the altcoins are shooting up selectively, fear of greed index is at 44 and everyone is waiting for a further fall. Most likely, it will be so, the main support is now being formed at the level of 44200 and if we lose it today, then we immediately go to 42K and below.
If we can return and gain a foothold above 46000-46200, then there is every chance to try the key resistance at 47K and above for strength. But today it is an alternative option.
Nothing newsworthy happened over the weekend. Save for that Bitcoin just hit Block No. 700,000 and just a few hours ago Forbes reported, for five years, investors and project developers in the $2 trillion blockchain innovation space have been subjected to an increasingly maddening charade that the U.S. Securities and Exchange Commission (SEC) has called “regulatory clarity”. Years of SEC speeches, public statements, meeting records, correspondence and first-hand accounts from market participants provide anything but clarity for the rules on digital assets or distributed ledger technology (DLT) projects. This is another financial crisis in the making.
At the center of it is #SEC Chairman Gary Gensler who recently said at an Aspen Institute appearance this summer that the rules are “awfully clear” on crypto. In a recent interview with Financial Times, he urged developers to “talk to us, come in” because the fate of the industry, like all finance, “is about trust.” Few can see this “clarity”, but its absence is so acute that even the biggest U.S. companies in the blockchain industry can no longer count on the SEC to provide any clear guidance other than through a lawsuit.
SEC Chairman Gary Gensler will appear on Tuesday(Tomorrow) for a Senate Banking Committee oversight hearing. Is actual oversight going to happen on the SEC’s regulation by enforcement? Will senators challenge him on the “clarity” charade? Will Congress legislate if Gensler refuses to act? Many angry and frustrated people –American employers, investors and voters – will not wait much longer. The SEC is supposed to provide clear, unambiguous rules through a transparent process. Lack of clarity has created a financial crisis before, and it can happen again. Crypto market will react to this.
Wishing you a blessed week ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
Thoughts on the market 13.09. 2021
#Bitcoin on the weekend moved in the range of 44720-46460. Today it has already dropped to a low of $44480 on the Binance Exchange. At the time of writing this review, it's trading at around 44,600. Total Crypto Market capitalization now at $2.042 Trillion, dominance index 41.2%
Stock markets opened in different directions. At the moment, S&P 500 futures are slightly up 0.17%, Asian indices are in the red, gold and oil are showing gains. More information about the markets will be on our stock channel.
Bitcoin worked out the priority version of the weekend analysis and moved in the specified range. Lateral movement continues, the altcoins are shooting up selectively, fear of greed index is at 44 and everyone is waiting for a further fall. Most likely, it will be so, the main support is now being formed at the level of 44200 and if we lose it today, then we immediately go to 42K and below.
If we can return and gain a foothold above 46000-46200, then there is every chance to try the key resistance at 47K and above for strength. But today it is an alternative option.
Nothing newsworthy happened over the weekend. Save for that Bitcoin just hit Block No. 700,000 and just a few hours ago Forbes reported, for five years, investors and project developers in the $2 trillion blockchain innovation space have been subjected to an increasingly maddening charade that the U.S. Securities and Exchange Commission (SEC) has called “regulatory clarity”. Years of SEC speeches, public statements, meeting records, correspondence and first-hand accounts from market participants provide anything but clarity for the rules on digital assets or distributed ledger technology (DLT) projects. This is another financial crisis in the making.
At the center of it is #SEC Chairman Gary Gensler who recently said at an Aspen Institute appearance this summer that the rules are “awfully clear” on crypto. In a recent interview with Financial Times, he urged developers to “talk to us, come in” because the fate of the industry, like all finance, “is about trust.” Few can see this “clarity”, but its absence is so acute that even the biggest U.S. companies in the blockchain industry can no longer count on the SEC to provide any clear guidance other than through a lawsuit.
SEC Chairman Gary Gensler will appear on Tuesday(Tomorrow) for a Senate Banking Committee oversight hearing. Is actual oversight going to happen on the SEC’s regulation by enforcement? Will senators challenge him on the “clarity” charade? Will Congress legislate if Gensler refuses to act? Many angry and frustrated people –American employers, investors and voters – will not wait much longer. The SEC is supposed to provide clear, unambiguous rules through a transparent process. Lack of clarity has created a financial crisis before, and it can happen again. Crypto market will react to this.
Wishing you a blessed week ahead and remember you must always do your own research. This is not traditional investment or financial advice. #Decryptedge.
South Korean #Crypto Investors Could Lose over $2.5 billion Due to Regulatory Crackdown as Foreign Investors Exempt From #Tax on #Bitcoin Profits: #El Salvador.
Thoughts on the market 14.09. 2021
During the last 24hr, Bitcoin was in the range of 43370-46880, the 43K correction was gradually redeemed and bitcoin moved to growth. As of this writing, Bitcoin is trading around 45,200, with a dominance index of 41.3%. Total Crypto Market capitalization is $2.06 Trillion.
Bitcoin worked out the priority version of yesterday's analysis, although it did not go below 43K, but nothing prevents it from doing it today. Perhaps the further fall was stopped by Michael Sailor, who announced that MicroStrategy was not going to stop and again bought 5,050 BTC worth $243 million. As of September 12, MicroStrategy owns 114,042 BTC on which the company has spent approximately $3.16 billion.
Yesterday there was news that Walmart will accept payments in #Litecoin. Price immediately increased by $ 70, but the news turned out to be fake and the price returned to its previous level. It is very important to check and analyse any news, and not to make investment moves under the influence of emotions. Therefore, for those who yesterday "bought" Litecoin or thought of buying it.. I recommend that you sign up to our October Crypto Master Class.
Plan for today. The priority option is bitcoin in the range of 44000-47000, the alternative is going below 44000, in which case we can go to 43 or even 42K.
Now, El Salvador aims to attract foreign investment, therefore, will exempt foreign investors from capital gains tax and income tax on Bitcoin transactions. A source. Yahoo
After September 24th, 40 out of 60 operating bitcoin exchanges with assets worth 2.6 billion will close in South Korea due to the requirements of the regulator. The Financial Services Commission (FSC) mandated all cryptocurrency exchanges operating in the country, along with foreign exchanges using the Korean won to utilize real-name accounts before the September 24 deadline. Less than two weeks before the regulator takes action, less than half of local crypto businesses are yet to meet the stringent requirements. “A situation similar to a bank run is expected near the deadline as investors can’t cash out of their holdings of ‘alt-coins’ listed only on small exchanges. They will find themselves suddenly poor. I wonder if regulators can handle the side-effects.” Affected Crypto Exchanges to Give Customers one Week Notice Before Deadline.
In order to use real-name accounts for their customers, South Korean cryptocurrency exchanges must partner with #banks in the country. However, these local banks are reluctant to partner with these exchanges, citing exposure to money laundering and other related crimes. Source: BTCMANAGER
This is not traditional investment or financial advice. #Decryptedge #Blockchain #cryptocurrency
Thoughts on the market 14.09. 2021
During the last 24hr, Bitcoin was in the range of 43370-46880, the 43K correction was gradually redeemed and bitcoin moved to growth. As of this writing, Bitcoin is trading around 45,200, with a dominance index of 41.3%. Total Crypto Market capitalization is $2.06 Trillion.
Bitcoin worked out the priority version of yesterday's analysis, although it did not go below 43K, but nothing prevents it from doing it today. Perhaps the further fall was stopped by Michael Sailor, who announced that MicroStrategy was not going to stop and again bought 5,050 BTC worth $243 million. As of September 12, MicroStrategy owns 114,042 BTC on which the company has spent approximately $3.16 billion.
Yesterday there was news that Walmart will accept payments in #Litecoin. Price immediately increased by $ 70, but the news turned out to be fake and the price returned to its previous level. It is very important to check and analyse any news, and not to make investment moves under the influence of emotions. Therefore, for those who yesterday "bought" Litecoin or thought of buying it.. I recommend that you sign up to our October Crypto Master Class.
Plan for today. The priority option is bitcoin in the range of 44000-47000, the alternative is going below 44000, in which case we can go to 43 or even 42K.
Now, El Salvador aims to attract foreign investment, therefore, will exempt foreign investors from capital gains tax and income tax on Bitcoin transactions. A source. Yahoo
After September 24th, 40 out of 60 operating bitcoin exchanges with assets worth 2.6 billion will close in South Korea due to the requirements of the regulator. The Financial Services Commission (FSC) mandated all cryptocurrency exchanges operating in the country, along with foreign exchanges using the Korean won to utilize real-name accounts before the September 24 deadline. Less than two weeks before the regulator takes action, less than half of local crypto businesses are yet to meet the stringent requirements. “A situation similar to a bank run is expected near the deadline as investors can’t cash out of their holdings of ‘alt-coins’ listed only on small exchanges. They will find themselves suddenly poor. I wonder if regulators can handle the side-effects.” Affected Crypto Exchanges to Give Customers one Week Notice Before Deadline.
In order to use real-name accounts for their customers, South Korean cryptocurrency exchanges must partner with #banks in the country. However, these local banks are reluctant to partner with these exchanges, citing exposure to money laundering and other related crimes. Source: BTCMANAGER
This is not traditional investment or financial advice. #Decryptedge #Blockchain #cryptocurrency